0001683863-22-005059 Sample Contracts

INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
Investment Advisory and Management Agreement • June 17th, 2022 • Proshares Trust

AGREEMENT ("Agreement") made as of this 4th day of May, 2022, between ProShare Advisors LLC, a Maryland limited liability company (the "Adviser") and ProShares Cayman Bitcoin Inverse Strategy Portfolio (the "Portfolio"), a company organized under the Companies Act (as amended) of the Cayman Islands (the "Companies Act").

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Advisory and Management Fee Waiver and Reimbursement Agreement
Reimbursement Agreement • June 17th, 2022 • Proshares Trust • Delaware

THIS ADVISORY AND MANAGEMENT FEE WAIVER AGREEMENT (this "Agreement") is made effective for the period from the 19th day of June 2022 thru the 30th day of June 2023, by and between ProShare Advisors LLC (the "Adviser") and ProShares Trust (the "Trust"), on behalf of the ProShares Short Bitcoin Strategy ETF (the "Fund").

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