0001398344-22-006263 Sample Contracts

second Amended and restated INVESTMENT ADVISORY AGREEMENT BETWEEN INVESTMENT MANAGERS SERIES TRUST AND Zacks investment management, inc.

Investment Advisory Agreement • March 25th, 2022 • Investment Managers Series Trust • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  March 25th, 2022
• Company
  Investment Managers Series Trust
• Jurisdiction
  Delaware

THIS SECOND AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT (the “Agreement”), dated as of October 1, 2017, to the Investment Advisory Agreement dated June 26, 2008 as amended January 29, 2014 (the “Prior Agreement”), 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 Zacks Investment Management, Inc., a Illinois corporation (the “Advisor”).

INVESTMENT MANAGERS SERIES TRUST FIFTH AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT

Operating Expenses Limitation Agreement • March 25th, 2022 • Investment Managers Series Trust • Delaware

• Contract Type
  Operating Expenses Limitation Agreement
• Filed
  March 25th, 2022
• Company
  Investment Managers Series Trust
• Jurisdiction
  Delaware

THIS FIFTH AMENDED AND RESTATED OPERATING EXPENSES LIMITATION AGREEMENT (the “Agreement”) is dated as of April 16, 2018 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 the investment advisor of the Funds, Zacks Investment Management, Inc. (the “Advisor”).