0001144204-08-018897 Sample Contracts

INVESTMENT ADVISORY AGREEMENT FOR THE THINK FUNDS OF THE INVESTMENT MANAGERS SERIES TRUST
Investment Advisory Agreement • March 31st, 2008 • Investment Managers Series Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of March 31, 2008, between the Investment Managers Series Trust, a Delaware statutory trust (the “Trust”), on behalf of its series the ThinkGrowth Fund, ThinkGlobal Fund, and ThinkGreen Fund (each a “Fund”, collectively the “Think Funds”), and ThinkCapital Management, LLC, a Delaware limited liability corporation (the “Advisor”).

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INVESTMENT MANAGERS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • March 31st, 2008 • Investment Managers Series Trust • Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of March 31, 2008_by and between INVESTMENT MANAGERS SERIES TRUST, a Delaware statutory trust (the “Trust”), on behalf of the ThinkGrowth Fund, ThinkGlobal Fund, and ThinkGreen Fund (each a “Fund”, collectively, the “Think Funds”), each a series of the Trust, and the Advisor of the Fund, ThinkCapital Management, LLC (the “Advisor”).

SUBSCRIPTION AGREEMENT
Subscription Agreement • March 31st, 2008 • Investment Managers Series Trust

THIS SUBSCRIPTION AGREEMENT is entered into as of the ____th day of _____, 200_, between Investment Managers Series Trust, a statutory trust organized and existing under the laws of Delaware (the "Trust"), and ________________________________ (the "Purchaser").

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