0001594854-19-000005 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • January 29th, 2019 • Aspiration Funds

THIS EXPENSE LIMITATION AGREEMENT (“Agreement”) is made and entered into effective as this 11th day of December, 2018, by and between ASPIRATION FUNDS, a Delaware statutory trust (the “Trust”), on behalf of its series, the Aspiration Flagship Fund and the Aspiration Redwood Fund (the “Funds”), and ASPIRATION FUND ADVISER, LLC, a California limited liability company (the “Advisor”), with respect to the following:

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SUB-INVESTMENT ADVISORY AGREEMENT
Sub-Investment Advisory Agreement • January 29th, 2019 • Aspiration Funds • Delaware

AGREEMENT made this 11th day of September, 2018, between Aspiration Fund Adviser, LLC (the “Investment Adviser”), a Delaware limited liability company registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and Emerald Separate Account Management, LLC (the “Sub-Adviser”), a Delaware corporation registered as an investment adviser under the Advisers Act, with respect to the Aspiration Flagship Fund (the “Fund”), a series of Aspiration Funds (the “Trust”).

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