0000898432-09-000555 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT

Investment Sub-Advisory Agreement • April 29th, 2009 • Grail Advisors ETF Trust • Delaware

• Contract Type
  Investment Sub-Advisory Agreement
• Filed
  April 29th, 2009
• Company
  Grail Advisors ETF Trust
• Jurisdiction
  Delaware

AGREEMENT, dated as of April 30, 2009 by and between Grail Advisors, LLC, a Delaware limited liability company (“Manager”), American Beacon Advisors, Inc., a Delaware corporation (“Primary Sub-Adviser”), and The Boston Company Asset Management, LLC, a Massachusetts limited liability company (“Sub-Adviser”).

INVESTMENT MANAGEMENT AGREEMENT

Investment Management Agreement • April 29th, 2009 • Grail Advisors ETF Trust • Delaware

• Contract Type
  Investment Management Agreement
• Filed
  April 29th, 2009
• Company
  Grail Advisors ETF Trust
• Jurisdiction
  Delaware

INVESTMENT MANAGEMENT AGREEMENT (“AGREEMENT”), dated as of April 30, 2009 between Grail Advisors ETF Trust, a Delaware statutory trust (“Trust”), and Grail Advisors, LLC, a Delaware limited liability company (“Grail” or “Manager”).

PRIMARY INVESTMENT SUB-ADVISORY AGREEMENT

Primary Investment Sub-Advisory Agreement • April 29th, 2009 • Grail Advisors ETF Trust • Delaware

• Contract Type
  Primary Investment Sub-Advisory Agreement
• Filed
  April 29th, 2009
• Company
  Grail Advisors ETF Trust
• Jurisdiction
  Delaware

AGREEMENT, dated as of April 30, 2009 by and between Grail Advisors, LLC, a Delaware limited liability company (“Manager”), and American Beacon Advisors, Inc., a Delaware corporation (“Primary Sub-Adviser”).