0001144204-17-038833 Sample Contracts

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • July 28th, 2017 • Krane Shares Trust • Delaware

THIS AGREEMENT (the “Agreement”) made as of this [ ]th day of [ ], 2017 by and between Krane Funds Advisors, LLC, a Delaware limited liability company (the “Adviser”), and E Fund Management (Hong Kong) Co., Limited, a company organized under the laws of Hong Kong (the “Sub-Adviser”).

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 28th, 2017 • Krane Shares Trust • Delaware

THIS AGREEMENT (the “Agreement”) made as of this [ ]th day of [ ], 2017 by and between Bosera Asset Management (International) Co., Limited (the “Adviser”), a Hong Kong corporation located at Suite 4109, Jardine House, One Connaught Place, Central, Hong Kong and Krane Funds Advisors LLC (the “Manager”), a Delaware limited liability company, located at 1270 Avenue of the Americas, 22nd Floor, New York, NY 10020.

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • July 28th, 2017 • Krane Shares Trust • Delaware

This Investment Advisory Agreement (“Agreement”) is made this [ ], 2017, by and between KraneShares Trust (the “Trust”), a Delaware statutory trust, and Krane Funds Advisors, LLC, a Delaware limited liability company (the “Adviser”).

SUBLICENSE AGREEMENT
Sublicense Agreement • July 28th, 2017 • Krane Shares Trust • Delaware

This Sublicense Agreement (“Agreement”) is made as of [ ], 2017 by and between Krane Funds Advisors, LLC, a registered investment adviser having an office at 1270 Avenue of the Americas, 22nd Floor, New York, New York 10020 (“Adviser”) and KraneShares Trust, a Delaware statutory trust (“Trust”), on behalf of its series listed on Schedule I hereto (each, a “Fund” and collectively, the “Funds”).

KRANESHARES TRUST FEE WAIVER AGREEMENT
Fee Waiver Agreement • July 28th, 2017 • Krane Shares Trust • Delaware

THIS FEE WAIVER AGREEMENT (the "Agreement") is effective as of [ ], 2017, 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'').

KRANESHARES TRUST EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • July 28th, 2017 • Krane Shares Trust • Delaware

THIS EXPENSE LIMITATION AGREEMENT (the “Agreement”) is effective as of July 28, 2017, by and between KRANESHARES TRUST, a Delaware statutory trust (the “Trust”), on behalf of its series listed in the Appendix A hereto, as amended from time to time (each, a “Fund” and, together, the “Funds”), and the investment adviser of the Funds, KRANE FUNDS ADVISORS, LLC (the “Adviser'').

KRANESHARES TRUST FEE WAIVER AGREEMENT
Fee Waiver Agreement • July 28th, 2017 • Krane Shares Trust • Delaware

THIS FEE WAIVER AGREEMENT (the "Agreement") is effective as of [ ], 2017, 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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