0001193125-16-633118 Sample Contracts

EVANSTON CAPITAL MANAGEMENT, LLC
Expense Limitation Agreement • June 27th, 2016 • Evanston Alternative Opportunities Fund

With reference to (i) the Investment Management Agreement entered into by Evanston Capital Management, LLC (the “Adviser”) with Evanston Alternative Opportunities Fund (the “Fund”) on February 12, 2014 and (ii) the Expense Limitation Agreement dated as of February 12, 2014 and the Expense Limitation Agreement dated as of June 1, 2015 (each, a “Prior Expense Limitation Agreement”), we hereby notify you as follows:

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