0001193125-15-129434 Sample Contracts

EXPENSE LIMITATION AGREEMENT

Expense Limitation Agreement • April 14th, 2015 • Driehaus Mutual Funds

• Contract Type
  Expense Limitation Agreement
• Filed
  April 14th, 2015
• Company
  Driehaus Mutual Funds

EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of May 1, 2015 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 Frontier Emerging Markets Fund series of the Trust (the “Fund”).

April 13, 2015

Subscription Agreement • April 14th, 2015 • Driehaus Mutual Funds

• Contract Type
  Subscription Agreement
• Filed
  April 14th, 2015
• Company
  Driehaus Mutual Funds

LETTER AGREEMENT

Investment Advisory Agreement • April 14th, 2015 • Driehaus Mutual Funds

• Contract Type
  Investment Advisory Agreement
• Filed
  April 14th, 2015
• Company
  Driehaus Mutual Funds

This Agreement is made as of April 13, 2015 between DRIEHAUS MUTUAL FUNDS, a Delaware statutory trust (the “Trust”), and DRIEHAUS CAPITAL MANAGEMENT LLC, a Delaware limited liability company (the “Adviser”).