0001379491-21-000202 Sample Contracts

MANAGEMENT CONTRACT between FIDELITY COVINGTON TRUST: FIDELITY MAGELLAN ETF and
Management Contract • January 25th, 2021 • Fidelity Covington Trust • Massachusetts

AGREEMENT made this 18th day of November, 2020, by and between Fidelity Covington Trust, a Massachusetts business trust which may issue one or more series of shares of beneficial interest (hereinafter called the “Trust”), on behalf of Fidelity Magellan ETF (hereinafter called the “Fund”), and Fidelity Management & Research Company LLC, a Delaware limited liability company (hereinafter called the “Adviser”) as set forth in its entirety below.

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GENERAL DISTRIBUTION AGREEMENT between FIDELITY COVINGTON TRUST and
General Distribution Agreement • January 25th, 2021 • Fidelity Covington Trust • Massachusetts

AGREEMENT made this 18th day of November, 2020, between Fidelity Covington Trust, a Massachusetts business trust having its principal place of business in Boston, Massachusetts and which may issue one or more series of beneficial interest (“Issuer”), with respect to shares of Fidelity Real Estate Investment ETF, a series of the Issuer, and Fidelity Distributors Company LLC, a Delaware limited liability company having its principal place of business in Smithfield, Rhode Island (“Distributors”).

SECOND AMENDED and RESTATED INVESTMENT SUB-ADVISORY AND ETF SERVICES AGREEMENT AMONG FIDELITY MANAGEMENT & RESEARCH COMPANY LLC, BLACKROCK FUND ADVISORS AND FIDELITY COVINGTON TRUST
Investment Sub-Advisory and Etf Services Agreement • January 25th, 2021 • Fidelity Covington Trust • Massachusetts

SECOND AMENDED and RESTATED AGREEMENT as of this 1st day of January, 2020, among Fidelity Covington Trust (“Trust”), a Massachusetts business trust, on behalf of the individual series listed on Schedule C (the “Funds”), Fidelity Management & Research Company LLC (“Adviser”), a Delaware limited liability company, and BlackRock Fund Advisors (“Sub-Adviser”), a California corporation.

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