AMENDED SCHEDULE A

Dated July 31, 2026

 

to

 

EXPENSE LIMITATION AGREEMENT

DATED DECEMBER 1, 2019

 

FOR ULTIMUS MANAGERS TRUST

 

OPERATING EXPENSE LIMITS

 

 

 

 

Fund Name

Maximum Operating

Expense Limit*

Institutional Class

Maximum Operating

Expense Limit*

C Class

Maximum Operating

Expense Limit*

 

 

 

Termination Date

         
Q3 All-Season Systematic Opportunities Fund N/A 1.79% 2.79% March 31, 2027
         
Q3 All-Season Active Rotation ETF 1.09% N/A N/A March 31, 2027
         
Q3 All-Season Total Return Fund 1.99% N/A N/A March 31,2029

 

* Expressed as a percentage of a Fund’s average daily net assets. This amount is exclusive of brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, costs to organize the Fund, Acquired Fund fees and expenses, and extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of such Fund’s business.

 

IN WITNESS WHEREOF, the parties hereto have executed this Amended Schedule as of the date first above written.

 

ULTIMUS MANAGERS TRUST   Q3 Asset Management Corporation
     
By:   /s/ Todd E. Heim  

 

By: /s/ Brad Giaimo

Name:  Todd E. Heim   Name:  Brad Giaimo
Title:    President   Title:    Principal