SECOND AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENTOperating Expenses Limitation Agreement • January 23rd, 2017 • Investment Managers Series Trust • Delaware
THIS SECOND AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT (the "Agreement") is dated as of September 18, 2015, by and between INVESTMENT MANAGERS SERIES TRUST, a Delaware statuto1y trust (the "Trust"), on behalf of its series listed in Appendix A, as amended from time to time (each a "Fund"), and the investment advisor of the Funds, Ironclad Investments, LLC (the "Advisor ").
