0001493152-24-041546 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 18th, 2024 • GraniteShares ETF Trust • Delaware

This Agreement is made and entered into as of May 19, 2023, by and between GraniteShares ETF Trust, a Delaware trust (the “Trust”), on behalf of each fund set forth on Appendix A, each a series of shares of the Trust (each a “Fund” and collectively the “Funds”), and GraniteShares Advisors LLC, a Delaware limited liability company (the “Adviser”).

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 18th, 2024 • GraniteShares ETF Trust • Delaware

This Agreement is made and entered into as of May 19, 2023, by and between GraniteShares ETF Trust, a Delaware trust (the “Trust”), on behalf of each fund set forth on Appendix A, each a series of shares of the Trust (each a “Fund” and collectively the “Funds”), and GraniteShares Advisors LLC, a Delaware limited liability company (the “Adviser”).

EXPENSE LIMITATION AGREEMENT GRANITESHARES ETF TRUST
Expense Limitation Agreement • October 18th, 2024 • GraniteShares ETF Trust

This Agreement is made and entered into effective as of May 17, 2024, by and between the Funds detailed in Appendix 1, each a series of shares of GraniteShares ETF Trust, a Delaware statutory trust (the “Trust”), and GraniteShares Advisors LLC, a Delaware limited liability company (the “Advisor”).

AMENDMENT TO THE INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 18th, 2024 • GraniteShares ETF Trust

Party A and Party B have previously entered into that an Investment Advisory Agreement (“The Agreement”) dated May 19, 2023. The parties have now agreed to amend the Agreement by this Amendment (this “Amendment”) with effect from the date first written above.

EXPENSE LIMITATION AGREEMENT GRANITESHARES ETF TRUST
Expense Limitation Agreement • October 18th, 2024 • GraniteShares ETF Trust

This Agreement is made and entered into effective as of May 19, 2023, by and between the Funds detailed in Appendix 1, each a series of shares of GraniteShares ETF Trust, a Delaware statutory trust (the “Trust”), and GraniteShares Advisors LLC, a Delaware limited liability company (the “Advisor”).

AMENDMENT Expense Limitation Agreement
Expense Limitation Agreement • October 18th, 2024 • GraniteShares ETF Trust

THIS AMENDMENT (this “Amendment”) to the Expense Limitation Agreement, effective as of July 01, 2024 (the “Agreement”), by and between the GraniteShares 2x Long TSLA Daily ETF (the “TSLR Fund”) and the GraniteShares 2x Short TSLA Daily ETF (the “TSDD Fund” and, collectively the “Funds”, and each, a “Fund”), each a series of shares of GraniteShares ETF Trust, a Delaware statutory trust (the “Trust”), and GraniteShares Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered into by the undersigned effective as of July 01, 2024 (the “Effective Date”).

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