ARDEN INVESTMENT SERIES TRUST EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENTLimitation and Reimbursement Agreement • February 27th, 2015 • Arden Investment Series Trust • New York
THIS EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT is made as of the 22nd day of October, 2014 by and between Arden Investment Series Trust (the "Trust"), on behalf of its series known as Arden Alternative Strategies Fund (“AASF"), Arden Alternative Strategies II and Arden Alternative Strategies VIT (“AAS VIT” and together with AASF and AAS II, the “Fund”) and Arden Asset Management LLC (the "Adviser"):
