0000894189-15-005328 Sample Contracts

PENSERRA CAPITAL MANAGEMENT LLC SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • October 21st, 2015 • FactorShares Trust • New York

Sub-Advisory Agreement (this “Agreement”) entered into as of the 10th day of September, 2015, by and between Factor Advisors, LLC, a Delaware limited liability company with its principal place of business at 35 Beechwood Road, Summit, New Jersey 07901 (the “Adviser”), and Penserra Capital Management LLC, a registered investment advisor organized under the laws of the State of New York (the “Sub-Adviser”).

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FACTORSHARES TRUST INVESTMENT ADVISORY AGREEMENT with Factor Advisors, LLC
Factorshares Trust Investment Advisory Agreement • October 21st, 2015 • FactorShares Trust • Delaware

This INVESTMENT ADVISORY AGREEMENT (the “Agreement”) is made as of this 10th day of September, 2015, by and between FACTORSHARES TRUST (the “Trust”), a Delaware statutory trust, and FACTOR ADVISORS, LLC, a Delaware limited liability company with its principal place of business at 35 Beechwood Road, Suite 2B, Summit, NJ 07901 (the “Adviser”).

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