Appendix A to OPERATING EXPENSES LIMITATION AGREEMENTOperating Expenses Limitation Agreement • June 30th, 2011 • Investment Managers Series Trust
Fund/Class Operating Expense Limit Effective Date Zacks Multi-Cap Opportunities Fund Class A Shares 1.65 % 12/1/07 Class C Shares 2.40 % 12/1/07 Zacks Market Neutral Fund Class A Shares 1.65 % 6/26/08 Class C Shares 2.40 % 6/26/08 Zacks Small-Cap Core Fund 1.39 % 6/30/11
SUBSCRIPTION AGREEMENTSubscription Agreement • June 30th, 2011 • Investment Managers Series Trust
THIS SUBSCRIPTION AGREEMENT is entered into as of the 30th day of June, 2011, between Investment Managers Series Trust, a statutory trust organized and existing under the laws of Delaware (the "Trust"), and Zacks Investment Management, Inc. (the "Purchaser").
