ETFS TRUST FORM OF AMENDMENT TO INVESTMENT ADVISORY AGREEMENT This Amendment (the “Amendment”) is made and entered into as of December 5, 2017, and hereby amends the Investment Advisory Agreement, dated December 2, 2014 (the “Agreement”), between ETF...Investment Advisory Agreement • February 27th, 2018 • ETFS Trust
ETFS TRUST FORM OF AMENDMENT TO INVESTMENT ADVISORY AGREEMENT This Amendment (the “Amendment”) is made and entered into as of December 5, 2017, and hereby amends the Investment Advisory Agreement, dated December 2, 2014 (the “Agreement”), between ETF Securities Advisors LLC (the “Adviser”) and ETFS Trust, a statutory trust organized under the laws of the State of Delaware (the “Trust”), on behalf of each series of the Trust as listed on Schedule A of the Agreement, as revised from time to time (the “Funds”). WHEREAS, the Adviser agrees to pay all expenses of the Trust except for certain expenses enumerated in Section 4(b) of the Agreement; WHEREAS, the Adviser and the Trust wish to amend the Agreement to reflect that the Adviser agrees to pay the compensation and expenses of the Independent Trustees; NOW THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as foll
