0001111830-15-000087 Sample Contracts

DISTRIBUTION AGREEMENT
Distribution Agreement • February 13th, 2015 • Ultimus Managers Trust • Ohio

This Agreement made as of April __, 2015 by and between Ultimus Managers Trust (the “Trust”), an Ohio business trust, and Ultimus Fund Distributors, LLC, an Ohio limited liability company (“Distributor”).

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • February 13th, 2015 • Ultimus Managers Trust • Ohio

This Investment Advisory Agreement (the “Agreement”) is made and entered into effective as of April __, 2015, by and between ULTIMUS MANAGERS TRUST, an Ohio business trust (the “Trust”) on behalf of each series of the Trust set forth on Schedule A attached hereto (individually the “Fund” and collectively the “Funds”), a series of shares of the Trust, and WAYCROSS PARTNERS, LLC, a Kentucky limited liability company (the “Adviser”).

EXPENSE LIMITATION AGREEMENT FOR ULTIMUS MANAGERS TRUST
Expense Limitation Agreement • February 13th, 2015 • Ultimus Managers Trust

THIS AGREEMENT, dated as of April __, 2015, is made and entered into by and between the ULTIMUS MANAGERS TRUST, an Ohio business trust (the “Trust”), on behalf of the series of the Trust set forth on Schedule A attached hereto (the “Fund”), and WAYCROSS PARTNERS, LLC (the “Adviser”).

MASTER SERVICES AGREEMENT
Master Services Agreement • February 13th, 2015 • Ultimus Managers Trust • Ohio

This Agreement, dated _____ __, 2015, is between Ultimus Managers Trust (the “Trust”), an Ohio business trust, and Ultimus Fund Solutions, LLC (“Ultimus”), a limited liability company organized under the laws of the State of Ohio.

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