0001398344-12-003342 Sample Contracts

TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • October 26th, 2012 • Arden Investment Series Trust • Wisconsin
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AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST
Agreement and Declaration of Trust • October 26th, 2012 • Arden Investment Series Trust • Delaware

THIS AMENDED AND RESTATED DECLARATION OF TRUST (the "Declaration") is made and entered into as of the date set forth below by the undersigned (the "Trustee").

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • October 26th, 2012 • Arden Investment Series Trust • New York

This Sub-Advisory Agreement ("Agreement") is made as of [____________], between Arden Asset Management LLC, a Delaware limited liability company located at [____________] ("Manager"), and [_____________], a [ ] located at [____________] ("Sub-Adviser").

ARDEN INVESTMENT SERIES TRUST DISTRIBUTION AGREEMENT
Distribution Agreement • October 26th, 2012 • Arden Investment Series Trust • New York

THIS AGREEMENT is made and entered into as of this [ ] day of October 2012, by and between Arden Investment Series Trust, a Delaware statutory trust (the “Client”), on behalf of each of the Funds (as defined below), severally and not jointly, and Arden Securities LLC, a Delaware limited liability company (the “Distributor”).

ARDEN INVESTMENT SERIES TRUST EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT
Expense Limitation and Reimbursement Agreement • October 26th, 2012 • Arden Investment Series Trust • New York

THIS EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT is made as of the [25th] day of October, 2012, by and between Arden Investment Series Trust (the "Trust"), on behalf of its series known as Arden Alternative Strategies Fund (the "Fund"), and Arden Asset Management LLC (the "Adviser"):

INVESTMENT ADVISORY AGREEMENT ARDEN INVESTMENT SERIES TRUST
Investment Advisory Agreement • October 26th, 2012 • Arden Investment Series Trust • New York

This Agreement is made as of October [25], 2012, between Arden Investment Series Trust, a Delaware statutory trust (“Trust”) and Arden Asset Management LLC, a Delaware limited liability company (“Manager”).

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