LISTED FUNDS TRUSTInvestment Sub-Advisory Agreement • November 10th, 2025 • Listed Funds Trust • Delaware
Contract Type FiledNovember 10th, 2025 Company JurisdictionINVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) is made as of this 17 day of September, 2025 by and between TEUCRIUM INVESTMENT ADVISORS, LLC, a Delaware limited liability company with its principal place of business at 3 Main Street, Suite 215, Burlington, VT 05401 (the “Adviser”), LISTED FUNDS TRUST, a Delaware statutory trust (the “Trust”), and 21SHARES US LLC, a Delaware limited liability company with its principal place of business located at 158 W 27th Street, 4th Floor, New York, NY 10001 (the “Sub-Adviser”).
ETF SERIES SOLUTIONS INVESTMENT SUB-ADVISORY AGREEMENT with Milliman Financial Risk Management LLCInvestment Sub-Advisory Agreement • November 10th, 2025 • ETF Series Solutions • New York
Contract Type FiledNovember 10th, 2025 Company JurisdictionThis INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) is made as of this 9th day of October, 2025 by and between DEFIANCE ETFS, LLC, a Delaware limited liability company with its principal place of business at 78 SW 7th St. 8th Floor Miami, FL 33130 (the “Adviser”), ETF SERIES SOLUTIONS (the “Trust”), and MILLIMAN FINANCIAL RISK MANAGEMENT LLC, a Delaware Limited Liability Company with its principal place of business located at 71 S. Wacker Dr., 31st Floor, Chicago, IL 60606 (the “Sub-Adviser”).