0000891092-17-003263 Sample Contracts

Horizons ETF Trust I c/o Horizons ETFs Management (US) LLC 1350 Avenue of the Americas, 33rd Floor New York, NY 10019
Horizons ETF Trust I • April 19th, 2017

Re: AGREEMENT AND PLAN OF REORGANIZATION, DATED AS OF _________ __, 2017 (THE "AGREEMENT"), BY AND AMONG HORIZONS ETF TRUST I ("HETF") on behalf of ITS SERIES, HORIZONS S&P 500® COVERED CALL ETF (THE "NEW Fund"), EXCHANGE LISTED FUNDS TRUST ("ELFT") on behalf of ITS SERIES, HORIZONS S&P 500® COVERED CALL ETF (THE "EXISTING FUND") AND, SOLELY WITH RESPECT TO SECTION 5 THEREOF, HORIZONS ETFs management (usa) llc

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AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT HORIZONS ETF TRUST I
Investment Advisory Agreement • April 19th, 2017 • Horizons ETF Trust I • Delaware

AGREEMENT, made this 27th day of January, 2017, and amended and restated on the 9th day of March, 2017, among Horizons ETF Trust I (“Trust”), on behalf of its series set forth on Schedule A, as may be amended from time to time (each, a “Fund” and, together, the “Funds”) and Horizons ETFs Management (US) LLC, a Delaware limited liability company (“Adviser”).

AMENDMENT TO HORIZONS ETF TRUST I DISTRIBUTION AGREEMENT
Distribution Agreement • April 19th, 2017 • Horizons ETF Trust I

This Amendment (the "Amendment") to the Distribution Agreement (the "Agreement") dated as of by and between Horizons ETF Trust I (the "Trust") and Foreside Fund Services, LLC ("Foreside") is hereby entered into as of .

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