AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT BETWEEN INVESTMENT MANAGERS SERIES TRUST AND ADVISORY RESEARCH, INC.Investment Advisory Agreement • December 30th, 2013 • Investment Managers Series Trust • Delaware
THIS AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of December 16, 2013 to the Investment Advisory Agreement dated September 18, 2013 and dated March 1, 2010 with Advisory Research, Inc. and the Investment Advisory Agreement dated September 9, 2010 with Fiduciary Asset Management, LLC, is entered into 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 (each a “Fund”), and Advisory Research, Inc., a Delaware Corporation (the “Advisor”).
INVESTMENT MANAGERS SERIES TRUST AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENTOperating Expenses Limitation Agreement • December 30th, 2013 • Investment Managers Series Trust • Delaware
THIS AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of September 18, 2013 to the Operating Expense Limitation Agreement dated September 14, 2010 with Advisory Research, Inc. and the Operating Expense Limitation Agreement dated September 14, 2010 with Fiduciary Asset Management, LLC, is entered into 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”).
