0001144204-08-071423 Sample Contracts

INVESTMENT ADVISORY AGREEMENT BETWEEN INVESTMENT MANAGERS SERIES TRUST AND RNC GENTER CAPITAL MANAGEMENT
Investment Advisory Agreement • December 30th, 2008 • Investment Managers Series Trust • Delaware

THIS INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of December 31, 2008, 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 RNC Genter Capital Management, a limited liability company (the “Advisor”).

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SUBSCRIPTION AGREEMENT
Subscription Agreement • December 30th, 2008 • Investment Managers Series Trust

THIS SUBSCRIPTION AGREEMENT is entered into as of the 28th day of December 31, 2008, between Investment Managers Series Trust, a statutory trust organized and existing under the laws of Delaware (the "Trust"), and RNC Genter Capital Management (the "Purchaser").

INVESTMENT MANAGERS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT
Operating Expenses Limitation Agreement • December 30th, 2008 • Investment Managers Series Trust • Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of December 31, 2008 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, RNC Genter Capital Management (the “Advisor”).

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