Legg Mason Funding Limited Letterhead]

Exhibit (l)

[Xxxx Xxxxx Funding Limited Letterhead]

            , 2015

Xxxx Xxxxx ETF Equity Trust (the “Trust”)

000 Xxxxxx Xxxxxx

New York, NY 10019

Re: Xxxx Xxxxx ETF Equity Trust

Ladies and Gentlemen:

We hereby agree to purchase from the Trust, which is an investment company offering multiple series (each, a “Fund” and collectively, the “Funds”), on a date to be specified by the Trust, and prior to the effective date of the Trust’s Registration Statement on Form N-1A, shares of beneficial interest of the Fund specified below, par value 0.00001 per share, at the per-share purchase price set forth below, for an aggregate price of $100,000, to provide the initial capital the Trust requires pursuant to Section 14 of the Investment Company Act of 1940, as amended, in order to make a public offering of its shares.

Fund		Amount Purchased				Price Per Share				Shares Purchased
Xxxx Xxxxx US Diversified Core ETF		$	100,000			$	25.00				4,000

We hereby represent that we are acquiring said shares for investment purposes, and not for distribution or resale to the public.

This agreement shall be deemed to have taken effect as of             .

Very truly yours,

Xxxx Xxxxx Funding Limited

By:

Name:

Title: