0000898432-15-000702 Sample Contracts

EVANSTON CAPITAL MANAGEMENT, LLC
Expense Limitation Agreement • May 20th, 2015 • Evanston Alternative Opportunities Fund

With reference to (i) the Investment Management Agreement entered into by Evanston Capital Management, LLC (the “Adviser”) with Evanston Alternative Opportunities Fund (the “Fund”) on February 12, 2014 and (ii) the Expense Limitation Agreement dated as of February 12, 2014 (the “Prior Expense Limitation Agreement”), we hereby notify you as follows:

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FORESIDE FUND SERVICES, LLC DEALER AGREEMENT
Dealer Agreement • May 20th, 2015 • Evanston Alternative Opportunities Fund • Delaware

As the distributor of the shares of beneficial interest (“Shares”) of Evanston Alternative Opportunities Fund (the “Fund”), Foreside Fund Services, LLC (“Distributor”) hereby invites you to participate in the selling group on the following terms and conditions. In this letter, the terms “we,” “us,” and similar words refer to the Distributor, and the terms “you,” “your,” and similar words refer to the dealer executing this agreement, including its “associated persons,” as such term is defined under applicable rules of the Financial Industry Regulatory Authority (“FINRA”).

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