0001641172-25-023820 Sample Contracts

EXPENSE LIMITATION AGREEMENT GRANITESHARES ETF TRUST
Expense Limitation Agreement • August 14th, 2025 • GraniteShares ETF Trust

This Agreement is made and entered into effective as of August 08, 2025, by and between the Funds detailed in Appendix 1, each a series of shares of GraniteShares ETF Trust, a Delaware statutory trust (the “Trust”), and GraniteShares Advisors LLC, a Delaware limited liability company (the “Advisor”).

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 14th, 2025 • GraniteShares ETF Trust • Delaware

This Agreement is made and entered into as of August 08, 2025, by and between GraniteShares ETF Trust, a Delaware trust (the “Trust”), on behalf of each fund set forth on Appendix A, each a series of shares of the Trust (each a “Fund” and collectively the “Funds”), and GraniteShares Advisors LLC, a Delaware limited liability company (the “Adviser”).