Primary Investment Sub-Advisory Agreement Sample Contracts

PRIMARY INVESTMENT SUB-ADVISORY AGREEMENT
Primary Investment Sub-Advisory Agreement • April 29th, 2009 • Grail Advisors ETF Trust • Delaware

AGREEMENT, dated as of April 30, 2009 by and between Grail Advisors, LLC, a Delaware limited liability company (“Manager”), and American Beacon Advisors, Inc., a Delaware corporation (“Primary Sub-Adviser”).

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