0001193125-13-427117 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • November 5th, 2013 • Driehaus Mutual Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of November 18, 2013 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 Micro Cap Growth Fund, a series of the Trust (the “Fund”).

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AGREEMENT AND PLAN OF EXCHANGE
Agreement and Plan of Exchange • November 5th, 2013 • Driehaus Mutual Funds • Delaware

AGREEMENT AND PLAN OF EXCHANGE, dated September 11, 2013 (the “Agreement”), among Driehaus Micro Cap Fund L.P., an Illinois limited partnership, and Driehaus Institutional Micro Cap Fund, L.P., a Delaware limited partnership (each a “Partnership,” and together the “Partnerships”), Driehaus Mutual Funds, a Delaware statutory trust (the “Trust”), on behalf of Driehaus Micro Cap Growth Fund (the “Fund”), Driehaus Capital Management (USVI) LLC, a Delaware limited liability company (the “General Partner”), and Driehaus Capital Management LLC, a Delaware limited liability company (the “Adviser”).

LETTER AGREEMENT
Investment Advisory Agreement • November 5th, 2013 • Driehaus Mutual Funds

This Agreement is made as of November 4, 2013 between DRIEHAUS MUTUAL FUNDS, a Delaware statutory trust (the “Trust”), and DRIEHAUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company (the “Adviser”).

November 4, 2013
Subscription Agreement • November 5th, 2013 • Driehaus Mutual Funds
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