0001580642-21-005034 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • October 27th, 2021 • Unified Series Trust

The Trust has been organized to engage in the business of a registered open-end investment company. The Trust currently offers several series of shares to investors, one of which is the Silk Invest New Horizons Frontier Fund (the "Fund").

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AMENDMENT TO MANAGEMENT AGREEMENT
Management Agreement • October 27th, 2021 • Unified Series Trust

This Amendment (“Amendment”) is made as of October 28, 2021 by and between Unified Series Trust (the “Trust”) and Silk Invest Limited (the “Adviser”), and amends the Management Agreement between the Trust and the Adviser (the “Agreement”) made as of February 12, 2018, pursuant to which the Adviser agreed to act as the sole investment adviser of the Silk Invest New Horizons Frontier Fund (the “Fund”).

UNIFIED SERIES TRUST AMENDED AND RESTATED OPERATING EXPENSE LIMITATION AGREEMENT SILK INVEST NEW HORIZONS FRONTIER FUND
Operating Expense Limitation Agreement • October 27th, 2021 • Unified Series Trust • Ohio

THIS OPERATING EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of the 28th day of October, 2021, by and between UNIFIED SERIES TRUST, an Ohio business trust (the “Trust”), on behalf of each series of the Trust set forth on Appendix A attached hereto (each a “Fund” and collectively the “Funds”) and the investment adviser of the Funds, Silk Invest Limited (the “Adviser”), and amends and restates the Operating Expense Limitation Agreement dated February 12, 2018 between the Trust and the Adviser, as amended August 19, 2020.

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