0000950152-09-004342 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 29th, 2009 • Driehaus Mutual Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of April 27, 2009 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 Large Cap Growth Fund series of the Trust (the “Fund”).

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LETTER AGREEMENT
Letter Agreement • April 29th, 2009 • Driehaus Mutual Funds

This Agreement is made as of this 24th day of April 2009 between DRIEHAUS MUTUAL FUNDS, a Delaware statutory trust (the “Trust”), and DRIEHAUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company (the “Adviser”).

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