FIRST AMENDMENT TO LICENSE AGREEMENT
This First Amendment to the License Agreement (hereinafter, "First
Amendment") is made as of this 10th day of November, 2017 (the "First Amendment
Commencement Date"), by and between Indxx, LLC ("Licensor"), having an office at
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, and First Trust
Advisors L.P., an Illinois limited partnership ("First Trust" or "Licensee"),
having an office at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, and hereby
amends and supplements that certain License Agreement by and between Licensor
and Licensee dated June 22, 2015 ("License Agreement"), by adding Schedule II.
Unless otherwise herein defined, all defined terms shall have the meanings
assigned to them in the License Agreement. Further, all other provisions of the
Agreement, except as specifically amended herein, shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to
be executed by their respective officers as of the First Amendment Commencement
Date.
INDXX, LLC FIRST TRUST ADVISORS L.P.
/s/ Rahul Sen Sharma /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: Rahul Sen Sharma Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Title: Partner Title: Chief Financial Officer
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Date: November 9, 2017 Date:
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SCHEDULE II
INDEX LICENSING SCHEDULE
INDEX: Indxx Blockchain Index
MARKS: N/A
PRODUCTS: The Products shall be exchange-traded funds, which are open-ended and
have the following characteristics: (i) the fund issues, sells, and redeems
blocks of shares, units or other interests; (ii) the fund shares are listed for
trading on an Approved Exchange and are available for trading throughout each
daily trading session; (iii) the trading of the fund shares may generally take
place in an unlimited amount; (iv) such shares, units or other interests are
generally redeemed "in kind"; (v) the Product has the investment objective of
replicating the performance of the Index; and (vi) is organized under the United
States Investment Company Act of 1940.
The name of the Product shall be the First Trust Indxx Blockchain ETF.
TERRITORY: U.S.
ESTIMATED LAUNCH DATE: December 2017
LICENSE FEES: for the Indxx Blockchain Index, First Trust shall pay
Licensor a one-time fee equal to $20,000 upon the Launch Date of the Product and
an annual license fee (the "Annual Fee") equal to 0.05% times the average daily
net assets of the Product for every year of the Agreement.
The Annual Fee shall be computed and paid as follows:
a. At the end of each calendar quarter during the Term, Licensee shall
calculate the average daily net asset value of the Product during
the quarter and multiply such amount by 0.0005 and divide the
resulting product by four (4), resulting in the quarterly payment to
be paid to Licensor by Licensee.
b. Each quarterly payment shall be accompanied by a statement setting
forth the calculations on which the payment is based and shall be
paid within fifteen (15) days after the close of the quarter.
c. All amounts shall be paid in US Dollars. The terms hereof shall be
deemed Confidential Information for purposes of Section 7(b) of this
Agreement.
The terms and conditions of this Schedule are acknowledged and agreed to:
INDXX, LLC FIRST TRUST ADVISORS L.P.
/s/ Rahul Sen Sharma /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Name: Rahul Sen Sharma Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇
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Title: Partner Title: Chief Financial Officer
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Date: November 9, 2017 Date:
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