FEE WAIVER AGREEMENT
Exhibit 10.9
This Fee Waiver Agreement (“Agreement”) is made and entered into as of the 29st day of December, 2017(“Effective Date”), by and among ETF Managers Group Commodity Trust I, a Delaware trust with its principal place of business at 00 Xxxxx Xxxxxx, Xxxxxx, XX 00000 and ETF Managers Capital LLC (“Sponsor”), a Delaware limited liability company with its principal place of business at 00 Xxxxx Xxxxxx, Xxxxx 0, Xxxxxx, XX 00000.
WHEREAS, Sponsor provides certain services in connection with the operation of Sit Rising Rate Fund (the “Fund”), a series of the ETF Managers Group Commodity Trust I, which is a Delaware series trust and offers its units to the public, and
WHEREAS, Sponsor is willing to provide a temporary waiver of its fees under certain agreements; and
The Sponsor agrees to waive the Sponsor Fee and/or assume the Fund’s Other Expenses (which term excludes brokerage fees, interest expenses, and extraordinary expenses) so that the Fund’s Total Annual Fund Expenses do not exceed 1.00% per annum through January 31, 2019. After that date, the expense limitation may be terminated and Fund shareholders may incur expenses higher than 1.00% annually, potentially significantly higher.
| Very truly yours, | |
| ETF Managers Capital LLC | |
| /s/ Xxxxxx Xxxxxxx, III | |
| By: Xxxxxx Xxxxxxx, III | |
Chief Executive Officer | |
| Acknowledged by: | |
| ETF Managers Capital LLC | |
| ETF Managers Group Commodity Trust I | |
| /s/ Xxxxxx Xxxxxxx, III | |
| By: Xxxxxx Xxxxxxx, III | |
| Chief Executive Officer | |
| December 29, 2017 | |
