INVESTMENT MANAGERS SERIES TRUST FORM OF AMENDED OPERATING EXPENSES LIMITATION AGREEMENTOperating Expenses Limitation Agreement • February 28th, 2011 • Investment Managers Series Trust • Delaware
THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of September 14, 2010 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, ADVISORY RESEARCH, INC., (the “Advisor”).
