0001144204-17-033078 Sample Contracts

SUBLICENSE AGREEMENT
Sublicense Agreement • June 19th, 2017 • Krane Shares Trust • Delaware

This Sublicense Agreement (“Agreement”) is made as of [ ], 2017 by and between Krane Funds Advisors, LLC, a registered investment adviser having an office at 1270 Avenue of the Americas, 22nd Floor, New York, New York 10020 (“Adviser”) and KraneShares Trust, a Delaware statutory trust (“Trust”), on behalf of its series listed on Schedule I hereto (each, a “Fund” and collectively, the “Funds”).

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KRANESHARES TRUST EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • June 19th, 2017 • Krane Shares Trust • Delaware

THIS EXPENSE LIMITATION AGREEMENT (the "Agreement") is effective as of June 13, 2017, by and between KRANESHARES TRUST, a Delaware statutory trust (the "Trust"), on behalf of its series listed in Appendix A, as amended from time to time (each a "Fund"), and the investment adviser of the Funds, KRANE FUNDS ADVISORS, LLC (the "Adviser'').

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