0000950137-09-000661 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • January 30th, 2009 • Driehaus Mutual Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of December 1, 2008 by and between Driehaus Capital Management LLC, a Delaware limited liability company (the “Adviser”) and Driehaus Mutual Funds (the “Trust”), on behalf of the Driehaus Emerging Markets Growth Fund series of the Trust (the “Fund”).

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