0001398344-11-002841 Sample Contracts

INVESTMENT ADVISORY AGREEMENT BETWEEN INVESTMENT MANAGERS SERIES TRUST AND

Investment Advisory Agreement • December 15th, 2011 • Investment Managers Series Trust • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  December 15th, 2011
• Company
  Investment Managers Series Trust
• Jurisdiction
  Delaware

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of _____________, 20__, between the Investment Managers Series Trust, a Delaware statutory trust (the “Trust”), on behalf of its series listed in Appendix A, as amended from time to time (the “Fund”), and 361 Capital, LLC, a Delaware limited partnership (the “Advisor”).

INVESTMENT MANAGERS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT

Operating Expenses Limitation Agreement • December 15th, 2011 • Investment Managers Series Trust • Delaware

• Contract Type
  Operating Expenses Limitation Agreement
• Filed
  December 15th, 2011
• Company
  Investment Managers Series Trust
• Jurisdiction
  Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of December 21, 2010 by and between INVESTMENT MANAGERS SERIES TRUST, a Delaware statutory trust (the “Trust”), on behalf of its series listed in Appendix A, as amended from time to time (the “Fund”), a series of the Trust, and the Advisor of the Fund, 361 Capital, LLC (the “Advisor”).