0001580642-17-006652 Sample Contracts

ETF DISTRIBUTION AGREEMENT
Etf Distribution Agreement • December 18th, 2017 • Arrow Investments Trust • Nebraska

This ETF Distribution Agreement (this “Agreement”) is effective the 28th day of March, 2017, between Arrow Investments Trust, a Delaware statutory trust (the “Trust”), on behalf of itself and the fund(s) listed on Schedule B, as may be amended from time to time (each, a “Fund”, and collectively, the “Funds”), Archer Distributors, LLC, a Delaware limited liability company (“Archer”), and Northern Lights Distributors, LLC, a Nebraska limited liability company (the “Distributor”).

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INDEX LICENSE AGREEMENT
Index License Agreement • December 18th, 2017 • Arrow Investments Trust • New York

This Index License Agreement (“Agreement”), dated as of Effective Date, is made by and between Nasdaq, Inc. (“Nasdaq”), a Delaware Corporation (Nasdaq and its affiliates are collectively referred to as the “Corporations”) whose principal offices are located at One Liberty Plaza, 165 Broadway, New York, NY 10006 and Licensee (each a “Party” and collectively the “Parties” to this Agreement.) The Parties hereby agree to the following terms and conditions:

Schedule B Fee Schedule
Etf Distribution Agreement • December 18th, 2017 • Arrow Investments Trust

Annual fee of $5,500 per Registered Representative requested to be registered by the Trust or a Fund’s adviser, plus all out-of-pocket costs such as registration expenses and travel expenses to conduct required training.

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