0001144204-14-045540 Sample Contracts

KRANESHARES TRUST EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • July 29th, 2014 • Krane Shares Trust • Delaware

THIS EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of July 10, 2014, by and between KRANESHARES 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 adviser of the Funds, KRANE FUNDS ADVISORS, LLC (the “Adviser”).

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