0001398344-19-015470 Sample Contracts

WCM FOCUSED INTERNATIONAL GROWTH FUND WCM INTERNATIONAL SMALL CAP GROWTH FUND Distribution Agreement
Distribution Agreement • August 28th, 2019 • Investment Managers Series Trust • Massachusetts

AGREEMENT made this April 22, 2019 by and between the INVESTMENT MANAGERS SERIES TRUST, a Delaware statutory trust (the "Trust"), and NATIXIS DISTRIBUTION, L.P., a Delaware limited partnership (the "Distributor").

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FIFTEENTH AMENDED AND RESTATED APPENDIX B CUSTODY AGREEMENT
Custody Agreement • August 28th, 2019 • Investment Managers Series Trust

The following series of Investment Managers Series Trust ("Funds"), a registered open-end management investment company are hereby made parties to the Custody Agreement dated January 14, 2008, with UMB Bank, n.a. ("Custodian") and Investment Managers Series Trust (the "Trust"), and agree to be bound by all the terms and conditions contained in said Agreement as of the date that each such series becomes a series of the Trust:

INVESTMENT MANAGERS SERIES TRUST THIRD AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • August 28th, 2019 • Investment Managers Series Trust • Delaware

THIS THIRD AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is dated as of May 1, 2019, 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 investment advisor of the Funds, WCM Investment Management (the “Advisor”).

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