0001135428-09-000393 Sample Contracts

GRAIL ADVISORS ETF TRUST
Expense Limitation Agreement • August 28th, 2009 • Grail Advisors ETF Trust • Delaware

RP Growth ETF, RP Focused Large Cap Growth ETF, RP Technology ETF and RP Financials ETF (the "Funds") are each a series of Grail Advisors ETF Trust, a Delaware statutory trust ("Trust").

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