Arden Investment Series Trust Sample Contracts

ARDEN INVESTMENT SERIES TRUST EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT
Arden Investment Series Trust • October 26th, 2012 • Arden Investment Series Trust • New York

THIS EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT is made as of the [25th] day of October, 2012, by and between Arden Investment Series Trust (the "Trust"), on behalf of its series known as Arden Alternative Strategies Fund (the "Fund"), and Arden Asset Management LLC (the "Adviser"):

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ARDEN INVESTMENT SERIES TRUST DISTRIBUTION AGREEMENT
Arden Investment Series Trust • October 26th, 2012 • Arden Investment Series Trust • New York

THIS AGREEMENT is made and entered into as of this [ ] day of October 2012, by and between Arden Investment Series Trust, a Delaware statutory trust (the “Client”), on behalf of each of the Funds (as defined below), severally and not jointly, and Arden Securities LLC, a Delaware limited liability company (the “Distributor”).

ARDEN INVESTMENT SERIES TRUST EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT
Arden Investment Series Trust • June 21st, 2013 • Arden Investment Series Trust • New York

THIS EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT is made as of the [Ÿ] day of [Ÿ], 20[Ÿ] by and between Arden Investment Series Trust (the “Trust”), on behalf of its series known as Arden Alternative Strategies II and Arden Variable Alternative Strategies Fund (each a “Fund”), and Arden Asset Management LLC (the “Adviser”):

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