0001580642-16-008989 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 27th, 2016 • Arrow ETF Trust • New York

Agreement made as of January 19, 2012, as amended and restated February 8, 2016, between ARROW ETF TRUST, a Delaware statutory trust (“Trust”), and ARROW INVESTMENT ADVISORS, LLC (“Adviser”), a Delaware limited liability company registered as an investment adviser under the Investment Advisers Act of 1940, as amended (“Advisers Act”).

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