0001398344-15-002087 Sample Contracts

INVESTMENT MANAGERS SERIES TRUST OPERATING EXPENSES LIMITATION AGREEMENT

Operating Expenses Limitation Agreement • March 30th, 2015 • Investment Managers Series Trust • Delaware

• Contract Type
  Operating Expenses Limitation Agreement
• Filed
  March 30th, 2015
• Company
  Investment Managers Series Trust
• Jurisdiction
  Delaware

THIS OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is effective as of September 30, 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, GaveKal Capital, LLC (the “Advisor”).