This opinion is furnished to you pursuant to paragraph 8.5 of the Agreement and Plan ofAgreement and Plan of Reorganization • October 5th, 2021 • Investment Managers Series Trust II
Contract Type FiledOctober 5th, 2021 CompanyReorganization (the “Agreement”), dated as of September 15, 2021, by and among Investment Managers Series Trust II (“IMST II”), a Delaware statutory trust, on behalf of its series Cannabis Growth Fund (the “Acquired Fund”), and IMST II, on behalf of its series Cannabis Growth ETF (the “Acquiring Fund”). All capitalized terms not otherwise defined herein have the meanings ascribed to them in the Agreement.