0001398344-13-004615 Sample Contracts

INVESTMENT MANAGERS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT

Operating Expenses Limitation Agreement • September 27th, 2013 • Investment Managers Series Trust • Delaware

• Contract Type
  Operating Expenses Limitation Agreement
• Filed
  September 27th, 2013
• Company
  Investment Managers Series Trust
• Jurisdiction
  Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of September 26, 2013 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 (each a “Fund”), and the Advisor of the Funds, Ramius Advisors, LLC (the “Advisor”).

Contract

Subscription Agreement • September 27th, 2013 • Investment Managers Series Trust

• Contract Type
  Subscription Agreement
• Filed
  September 27th, 2013
• Company
  Investment Managers Series Trust

FORM OF INVESTMENT ADVISORY AGREEMENT BETWEEN INVESTMENT MANAGERS SERIES TRUST AND RAMIUS ADVISORS, LLC

Investment Advisory Agreement • September 27th, 2013 • Investment Managers Series Trust • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  September 27th, 2013
• Company
  Investment Managers Series Trust
• Jurisdiction
  Delaware

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of September 26, 2013, is entered into 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 (each a “Fund”), and Ramius Advisors, LLC, a Delaware limited liability company (the “Advisor”).