0001193125-15-129434 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 14th, 2015 • 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”).

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April 13, 2015
Driehaus Mutual Funds • April 14th, 2015
LETTER AGREEMENT
Letter Agreement • April 14th, 2015 • 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”).

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