DISTRIBUTION COORDINATION AGREEMENT
Dreman Value Management, LLC
Dear Ladies and Gentlemen:
This Distribution Coordination Agreement has been adopted as part of a
plan pursuant to Rule 12b-1 (the "Plan") under the Investment Company Act of
1940, as amended (the "Act") by UNIFIED SERIES TRUST, an Ohio business Trust
(the "Trust"), on behalf of the following series:
DREMAN HIGH OPPORTUNITY LARGE CAP VALUE FUND
DREMAN HIGH OPPORTUNITY MID CAP VALUE FUND
DREMAN HIGH OPPORTUNITY SMALL CAP VALUE FUND
The above-referenced series are referred to individually as a "Fund"
and collectively as the "Funds." The Plan has been approved by a majority of the
Trustees who are not interested persons of the Funds and who have no direct or
indirect financial interest in the operation of the Plan (the "Independent
Trustees"), cast in person at a meeting called for the purpose of voting on such
Plan. Such approval included a determination that, in the exercise of the
reasonable business judgment of the Board of Trustees and in light of the
Trustees' fiduciary duties, there is a reasonable likelihood that the Plan will
benefit each Fund and its shareholders.
1. You agree to act as each Fund's distribution coordinator by
coordinating the distribution of the Fund's shares through its general
distributor and by providing related shareholder services. For providing these
distribution coordination services, each Fund shall pay you a monthly fee at the
rate set forth on the Schedule attached hereto and made a part of this Agreement
(the "Schedule").
2. The fee paid to you by a Fund as set forth in the Schedule may be
used to pay for any expenses primarily intended to result in the coordination of
the sale of that Fund's shares, including, but not limited to: (a) payments,
including incentive compensation, made to agents for and consultants to you or
the Fund, including pension administration firms that provide distribution
related services and broker-dealers that engage in the distribution of the
Fund's shares; (b) payments made to, and expenses of, persons who provide
support services in connection with the distribution of the Fund's shares and
servicing of its shareholders, including, but not limited to, your personnel,
office space and equipment, telephone facilities, answering routine inquiries
regarding the Fund, processing shareholder transactions and providing any other
shareholder services not otherwise provided by the Fund's transfer agent or
other service providers; (d) costs relating to the formulation and
implementation of marketing and promotional activities, including, but not
limited to, direct mail promotions and television, radio, newspaper, magazine
and other mass media advertising; (e) costs of printing and distributing
prospectuses, statements of additional information and reports of the Fund to
prospective shareholders of the Fund; (f) costs involved in preparing, printing
and distributing sales literature pertaining to the Fund; (g) costs involved in
obtaining whatever information, analyses and reports with respect to marketing
and promotional activities that the Fund may, from time to time, deem advisable;
and (h) all payments made pursuant to the Distribution Agreement by and between
the Fund and its general distributor. Expenses shall be deemed incurred whether
paid directly by you or by a third party to the extent reimbursed therefor by
you.
3. In no event may the aggregate annual fee paid to you by a Fund
pursuant to the Schedule attached hereto exceed 0.25% of the value of its net
assets (determined in the same manner as the Fund uses to compute its net assets
as set forth in its then effective Prospectus), without approval by a majority
of the outstanding shares of the Fund.
4. You agree to furnish the Board of Trustees with such information as
shall reasonably be requested by the Board with respect to the fees paid to you
pursuant to the Schedule. You shall furnish to the Board of Trustees, and the
Board shall review, at least quarterly, or at such other more frequent intervals
as reasonably requested by the Board, a written report of the amounts expended
under the Plan by you with respect to each Fund and the purposes for which such
expenditures were made.
5. This Agreement may be terminated by us or by you, by the vote of a
majority of the Trustees who are Independent Trustees, or by vote of a majority
of the outstanding shares of a Fund, on 60 days' written notice, all without
payment of any penalty. It shall also be terminated automatically by any act
that terminates the Plan.
6. The provisions of the Plan, insofar as they relate to you, are
incorporated herein by reference.
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This Agreement shall take effect as of the date first written above,
and the terms and provisions thereof are hereby accepted and agreed to by us as
evidenced by our execution hereof.
UNIFIED SERIES TRUST
By:
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Agreed and Accepted:
DREMAN VALUE MANAGEMENT, LLC
By:
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SCHEDULE
TO
DISTRIBUTION COORDINATION AGREEMENT
BETWEEN
UNIFIED SERIES TRUST
AND
DREMAN VALUE MANAGEMENT, LLC
Pursuant to the provisions of the Distribution Coordination Agreement
between Unified Series Trust (the "Trust") and Dreman Value Management, LLC
("Dreman"), the following series of the Trust each shall pay an annual fee to
Dreman, calculated daily and paid monthly, as set forth below.
Annual Fee as a %
Name of Fund: of Avg. Daily Net Assets:
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Dreman High Opportunity Large Cap Value Fund 0.25%
Dreman High Opportunity Mid Cap Value Fund 0.25%
Dreman High Opportunity Small Cap Value Fund 0.25%
