Document:

Exhibit 10.2

 

TRADING AUTHORIZATION
AGREEMENT

 

This Trading Authorization
Agreement (“Agreement”) is made as of _June 2, 2021___, by and between ConvexityShares LLC, a Delaware limited
liability company (“Manager”), which is registered as a commodity pool operator (“CPO”)
with the Commodity Futures Trading Commission (“CFTC”), and Teucrium Trading LLC, a Delaware limited liability
company (“Trading Advisor”), which is registered as a commodity trading advisor (“CTA”)
and commodity pool operator with the CFTC. Manager and Trading Advisor are each individually also referred to herein as a “Party”
and collectively as the “Parties.”

 

WHEREAS, Manager provides
certain advisory services to the ConvexityShares Trust, which is a Delaware statutory trust (“Trust”); and

 

WHEREAS, Manager desires to
engage Trading Advisor, as a third party trading advisor, for the purpose of obtaining commodity trading advice and directing the trading
of Commodity Interests (as defined herein) with respect to the Trust and designated series thereof (“Series”), as set
forth on Exhibit A; and

 

WHEREAS, Trading Advisor hereby
accepts such engagement pursuant to the terms set forth in this Agreement; and

 

WHEREAS, Manager has furnished
the Trading Advisor with copies of each of the following documents: (a) the Trust’s Agreement and Declaration of Trust (such Agreement
and Declaration of Trust, as in effect on the date of this Agreement and as amended from time to time, herein called the “Declaration
of Trust”); (b) By-Laws of the Trust (if any), as in effect on the date of this Agreement and as amended from time to time);
(c) Prospectus and Statement of Additional Information of the Fund (“Prospectus” and “SAI”, respectively);
and (d) policies and procedures of the Trust and the Trust service agreements that govern the Trading Advisor’s management of the
Allocated Portion under this Agreement.

 

NOW, THEREFORE, in consideration
of the mutual premises set forth above, the Parties hereto do hereby agree as follows:

 

1. Appointment. (a) Manager hereby appoints Trading Advisor as attorney-in-fact with power to supervise and direct, on a fully discretionary basis and without first consulting Manager, the investment of futures contracts and other commodity interests (such futures contracts and other commodity interests, collectively, “Commodity Interests”) in one or more trading accounts (“Accounts”) established and maintained by Manager for the Trust and Series with a futures commissions merchant (“FCM”) selected by Manager.

 

(b) The
power-of-attorney granted hereof is a continuing power and shall remain in full force and effect until revoked by Manager, in writing,
but any such revocation shall not affect any transaction initiated prior to receipt of such notice of revocation. Manager agrees to use
commercially reasonably efforts to provide Trading Advisor such additional information as Trading Advisor may reasonably request from
time to time to assist it in managing the Account. It is the intent of this Agreement that only Trading Advisor shall have authority to
trade the Account assets on behalf of Manager except as otherwise explicitly provided herein.

 

     

     

    

 

2. Investment
Services. (a) The Trading Advisor shall manage the provision of investment services consistent with the investment guidelines
and restrictions set forth on Exhibit B (attached hereto and made a part hereof) for each Series (“Guidelines”).
Manager will allocate capital to each Account from assets of the Trust (“Account Allocation”) to enable Trading
Advisor to trade an Account in accordance herewith. The Manager may in its discretion increase or decrease such Account Allocation from
time to time by providing Trading Advisor with written instructions. In addition, the Guidelines may be revised from time to time by Manager
with 3 business days prior written notice to Trading Advisor for any reason including, but not limited to, adding additional strategies,
modifying the current strategy, adding investment restrictions and/or providing risk parameters.

 

(b) Consistent
with the Guidelines, Trading Advisor may purchase, sell (including selling short), trade and otherwise acquire, hold, dispose of, and
deal in Commodity Interests, on margin or otherwise, on United States or foreign exchanges, in the interbank market and otherwise and
to make and take delivery of commodities in fulfillment of any Commodity Interests for an Account. In furtherance of the foregoing, the
Trading Manager shall:

 

(i) subject
to Exhibit B, make all decisions relating to the manner, method and timing of any and all investments;

 

(ii) buy,
sell, exchange, transfer, and otherwise trade in property of all kinds as discussed on Exhibit B, in Client’s name;

 

(iii) make
and execute, in the name and on behalf of Client, all such documents (including, without limitation, customer agreements and other documents
in connection with the establishment and maintenance of accounts and investments) and to take all such other reasonable actions which
Trading Advisor considers necessary or advisable to carry out its investment management duties hereunder;

 

(iv) submit
reports, statement, or records relating to all transactions concerning the Account upon Manager’s reasonable request;

 

(v) maintain
and preserve the records relating to its activities hereunder required by applicable law to be maintained and preserved by the Trading
Adviser;

 

(vi) assist
Client’s auditors and others in the performance of all accounting and administrative services which may be required by Client;

 

3. Regulations.
Any and all transactions effected by Trading Advisor for an Account shall be subject to the constitution, by-laws, rules, regulations,
orders, and customs and usages of the exchange or market where executed (and of its FCM, if any), to the provisions of the United States
Commodity Exchange Act, as amended (“CEA”), to the rules, regulations, and orders promulgated from time to time
thereunder, to all applicable laws, rules, and regulations of the United States, the various states in the United States, and to policies
adopted by Manager and communicated in writing to Trading Advisor. Trading Advisor shall not be liable to Manager as a result of any action
taken by Trading Advisor that is necessary to comply with any such constitution, by-law, rule, regulation, order, custom, usage, act,
or statute. Notwithstanding the foregoing, Trading Advisor agrees to notify Manager immediately to the extent Trading Advisor takes any
action on behalf of any Account which is or may be considered adverse to such Account, the Trust or the Manager as a result of the foregoing
so as to enable Manager to take any action in connection therewith.

 

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4. Allocation
of Expenses. Each Party to this Agreement shall bear the costs and expenses of performing its obligations hereunder. The parties
acknowledge and agree that the Series shall assume the expense of:

 

(a) all
margins, option premiums, brokerage and floor commissions and fees, and other transaction costs and expenses charged and incurred by the
FCM in connection with the applicable Account;

 

(b) brokerage
commissions for transactions and similar fees and charges for the acquisition, disposition, lending or borrowing of any investments;

 

(c) operational
fees and expenses for any custodians, administrators and other service providers;

 

(d) all
taxes, including issuance and transfer taxes, and reserves for taxes payable by the Client to federal, state or other government agencies;
and

 

(e) interest
payable on any Account borrowings.

 

For the avoidance of doubt,
the Trading Advisor shall not be responsible for any expenses incurred by the Manager, the Trust or the Accounts.

 

5. Fees.
For all of the services rendered with respect to the Account as herein provided, the Manager shall pay to Trading Advisor the fees as
set forth in Exhibit C, as amended from time to time.

 

6. Standard
of Care; Limitation on Liability. For the purpose of this Section 6, the term “Trading Advisor” is deemed to include
the Trading Advisor, its affiliates, and each of their respective officers, directors, employees and agents.

 

(a) The
Trading Advisor shall comply with all applicable laws and regulations in the discharge of its duties under this Agreement. Except as may
otherwise be provided by law, Trading Advisor shall not be liable to the Trust or Manager for any error of judgment or for any loss suffered
by the Trust or Manager in connection with the subject matter of this Agreement, provided that Trading Advisor acted in good faith and
with that degree of care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a similar
capacity would use and except for any such losses arising from the gross negligence, willful misconduct or fraud in the performance or
nonperformance by Trading Advisor of its obligations or duties hereunder.

 

(b) The
Trading Advisor is not liable for any actions that occurred or failed to occur, or any records created or retained, prior to the effective
date of this Agreement. The Trading Advisor shall reasonably rely on information provided to it about an Account or the books and records
of an Account, if any, that is provided by the Manager, and will not have a duty to confirm such information from any source, including
from records it may receive that were created prior to the effective date of this Agreement.

 

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(c) Neither
party shall be liable to the other for any special, indirect, punitive, incidental or consequential damages of any nature whatsoever arising
from any act or omission of the other party, whether or not the possibility of such damage was disclosed to, or could have been reasonably
foreseen by, such party. Without prejudice to the generality of the foregoing, neither party shall be liable under or in connection with
this Agreement for (a) loss (whether direct or indirect) of business profits, revenue or of data; or (b) any indirect, consequential or
incidental damages, liabilities, claims, losses, expenses, awards, proceedings and costs, in each case which may be suffered by a party,
the Manager, the Trust, or any third party regardless of whether the possibility of such damages, liabilities, claims, losses, expenses,
awards, proceedings and costs was disclosed to, or could reasonably have been foreseen and whether arising in contract, in tort or otherwise.

 

(d) Trading
Advisor will not be liable for any claim or damages due to the failure to perform by a third party including, without limitation, loss
or damage to Manager or Account documentation or property, or errors or inaccuracies from any pricing source.

 

(e) Trading
Advisor shall not be liable for any action taken, delay or any failure to take any action required to be taken hereunder or otherwise
to fulfill its obligations hereunder (including without limitation loss, delay or mis-delivery or error in transmission of communications
or financial information) in the event and to the extent that the taking of such action, delay or such failure arises out of or is caused
by or directly or indirectly due to war, act of terrorism, insurrection, riot, labor disputes, civil commotion, act of God, pandemic,
accident, fire, water damage, explosion, any law, decree, regulation or order of any government or governmental body (including any court
or tribunal), or any other cause (whether similar or dissimilar to any of the foregoing) whatsoever beyond its reasonable control or the
reasonable control of any delegate or securities system. In any such event, Trading Advisor shall be excused from any further performance
and observance of the obligations so affected only for so long as such circumstances prevail and the Trading Advisor continues to use
commercially reasonable efforts to recommence performance or observance as soon as practicable.

 

7. Indemnification.

 

(a) Except
as stated in Section 7(b), below, in the absence of gross negligence, willful misconduct or fraud on the part of the Trading Advisor,
none of the Trading Advisor, its affiliates or their respective officers, controlling persons, members, partners, shareholders, agents
or employees (each, an “Indemnified Person” and collectively, the “Indemnified Persons”)
shall be subject to any liability to the Manager for any act or omission in the course of, or connected with, rendering services hereunder.
The Trading Advisor does not guarantee the future performance of the Account or any specific level of performance, the success of any
investment decision or strategy that Trading Advisor may use, or the success of Trading Advisor’s overall management of the Account.
Manager understands that investment decisions made for the Account by Trading Advisor are subject to various market, currency, economic,
political and business risks, and that those investment decisions will not always be profitable. Trading Advisor will manage only the
Account Allocation and in making investment decisions for the Account, Trading Advisor will not consider any other securities, cash or
other investments owned by the Trust.

 

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(b) Trading
Advisor agrees to indemnify the Manager, its affiliates, officers, controlling persons, agents, and employees for, and hold it harmless
against, any and all losses, claims, damages, liabilities (including amounts paid in settlement with the written consent of Trading Advisor)
or litigation (including reasonable legal and other expenses) (“Losses”) to which the Manager may become subject
as a direct result of (i) any disclosure in the Registration Statement of the Fund about Trading Advisor that has been specifically approved
by Trading Advisor, (ii) Trading Advisor’s gross negligence, willful misconduct or fraud in the performance of its duties or from
reckless disregard by it of its obligations and duties under this Agreement, or (iii) a breach of the representations provided in Section
11(d) or Section 11(e) of this Agreement; provided, however, that nothing contained herein shall require that Manager be indemnified for
Losses that resulted from the Manager’s gross negligence, willful misconduct or fraud in the performance of its duties or from reckless
disregard by it of its obligations and duties under this Agreement; further provided that Trading Advisor shall have been given written
notice concerning any matter for which indemnification is claimed under this Section.

 

(c) Manager
agrees to indemnify the Indemnified Persons for, and hold each Indemnified Person harmless against, any and all Losses to which such Indemnified
Person may become subject as a direct result of this Agreement or Trading Advisor’s performance of its duties hereunder; provided,
however, that nothing contained herein shall require that Trading Advisor be indemnified for Losses that resulted from (i) any disclosure
in the Registration Statement of the Fund about Trading Advisor that has been specifically approved by Trading Advisor, (ii) Trading Advisor’s
gross negligence, willful misconduct or fraud in the performance of its duties or from reckless disregard by it of its obligations and
duties under this Agreement, or (iii) a breach of the representations provided in Section 10(d) or Section 10(f) of this Agreement; provided
that the Manager shall have been given written notice concerning any matter for which indemnification is claimed under this Section.

 

8. Confidentiality.

 

(a) Trading
Advisor agrees to hold confidential any non-public or proprietary information of Manager and Trust supplied in connection with the opening
of an Account and the trading of the assets of an Account. Trading Advisor further acknowledges that Trading Advisor may come into contact
with information concerning Manager or its affiliates and/or personnel, or information concerning the Trust, and Trading Advisor agrees
that it will not communicate, disclose or utilize for its own benefit or for the benefit of any other entity or persons, any and all information
that is not in the public domain with regard to Manager and/or its affiliates and/or personnel, or with regard to the Trust. All of the
foregoing referred to in this Section above shall be collectively referred to as “Confidential Information.”

 

(b) Trading
Advisor agrees that it will not (i) use such Confidential Information except in connection with investment activities for the appropriate
Accounts or (ii) disclose any Confidential Information without Manager’s consent to any third person (unless required to do so by
law, regulation or at the request of any regulatory or self-regulatory authority).

 

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(c) It
is expressly agreed that among the various remedies for violation of this Section shall be specific performance and injunctive relief
issued by any court having jurisdiction over these matters.

 

9. Non-Exclusivity;
No Partnership.

 

(a) The
services of Trading Advisor to the Manager and the Account are not to be deemed exclusive and Trading Advisor shall be free to render
similar services to others so long as its services hereunder are not impaired thereby. It is specifically understood that Trading Advisor
and each Indemnified Person may continue to engage in providing portfolio management services and advice to other investment advisory
clients. The Manager agrees that Trading Advisor and each Indemnified Person may give advice and take action in the performance of its
duties with respect to any of the Trading Advisor’s or Indemnified Person’s other clients which may differ from advice given
or the timing or nature of action taken with respect to the Account. Trading Advisor and the Indemnified Persons, however, shall not provide
investment advice to any assets of the Trust other than the Account Allocation. Nothing in this Agreement shall be deemed to require Trading
Advisor or any Indemnified Person to purchase or sell for the Account Allocation of Client any Commodity Interest or other property which
the Trading Advisor or any Indemnified Person may purchase or sell for its or their own account or for the account of any other client,
unless required by the applicable Guidelines.

 

(b) It
is understood and agreed that Trading Advisor shall be deemed to be an independent contractor of Manager and the Trust and, except as
otherwise set forth herein, that Trading Advisor shall not have authority to act for or represent Manager or the Trust in any way and
shall not otherwise be deemed to be Trust’s or Manager’s agent. Nothing contained herein shall create or constitute the Trust,
Manager and Trading Advisor as members of any partnership, joint venture, association, syndicate, unincorporated business, or other separate
entity, nor shall be deemed to confer on any of them any express, implied, or apparent authority to incur any obligation or liability
on behalf of any other such entity.

 

10. Manager
Representations. Manager hereby represents and warrants to Trading Advisor as follows:

 

(a) Manager
has authority to enter into this Agreement on behalf of each the Trust and each Series and has the discretion to appoint Trading Advisor
to provide the services contemplated hereby and the individual executing and delivering this Agreement for and on behalf of Manager is
legally competent and has full power and authority to do so on behalf of Manager;

 

(b) Manager
has taken all necessary actions under the laws applicable to the Manager and/or the Trust, and pursuant to any contract by which it is
or they are bound, to effect the appointment of the Trading Advisor;

 

(c) Manager
is duly organized and validly existing under the laws of the state of its organization, with full power and authority to enter into and
perform its obligations under this Agreement and to conduct its business; the performance by Manager of its obligations under this Agreement
will not violate the terms or provisions of, or constitute a default under, the organizational and operational documents of Manager or
any other agreement to which Manager is a party or by which it is bound;

 

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(d) As
necessary under applicable law, Manager is registered as a CPO with the CFTC, and is a member of the National Futures Association (“NFA”),
or other equivalent regulatory organizations and such registrations and memberships, if applicable, have not expired or been revoked,
suspended, terminated, or not renewed, or limited or qualified in any respect;

 

(e) Manager
is familiar with the speculative nature of commodity interest trading and its high degree of risk and acknowledges that the Trust might
sustain substantial losses which may be far in excess of the Trust’s funds on deposit in an Account; and

 

(f) The
Trust is not an “investment company” registered or required to be registered under the Investment Company Act of 1940, and
none of the Commodity Interests or other property traded in the Account will constitute “securities” for purposes of the Investment
Advisers Act of 1940 (“Advisers Act”), such that it will cause either the Manager or the Trading Advisor to
fall within the definition of an “investment adviser” under the Advisers Act.

 

11. Trading
Advisor Representations. Trading Advisor hereby represents and warrants to Manager as follows:

 

(a) Trading
Advisor has authority to enter into this Agreement and to provide the services contemplated hereby and the individual executing and delivering
this Agreement for and on behalf of Trading Advisor is legally competent and has full power and authority to do so on behalf of Trading
Advisor;

 

(b) Trading
Advisor has taken all necessary actions under the laws applicable to the Trading Advisor, and pursuant to any contract by which it is
bound, to provide the services contemplated hereby;

 

(c) Trading
Advisor is duly organized and validly existing under the laws of the state of its organization, with full power and authority to enter
into and perform its obligations under this Agreement and to conduct its business; the performance by Trading Advisor of its obligations
under this Agreement will not violate the terms or provisions of, or constitute a default under, the organizational and operational documents
of Trading Advisor or any other agreement to which Trading Advisor is a party or by which it is bound;

 

(d) As
necessary under applicable law, Trading Advisor is registered as a CTA with the CFTC, and is a member of NFA, or other equivalent regulatory
organizations and such registrations and memberships, if applicable, have not expired or been revoked, suspended, terminated, or not renewed,
or limited or qualified in any respect;

 

(e) Trading
Advisor has complied with and will continue to comply with all laws, rules, and regulations having application to the services to be provided
hereunder, and there are no actions, suits, proceedings or investigations pending or, to the knowledge of Trading Advisor, threatened
against Trading Advisor or any of its principals or affiliates, at law or in equity or before any government department, commission, board,
bureau, agency or instrumentality, or any self-regulatory organization or any securities or commodity exchange, which is reasonably likely
to result in an adverse decision that could materially and adversely affect Trading Advisor’s ability to conduct its business or
to comply with and perform its obligations under this Agreement;

 

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(f) Trading
Advisor will promptly notify Manager in the event of any material change of control of the Trading Advisor or in the event of any significant
trading irregularities experienced by the Trading Advisor in trading any Account. Trading Advisor will notify Manager in advance of any
significant change intended with regards to Trading Advisor’s trading strategy that could be expected to materially affect any Account;

 

(g) Trading
Advisor will not act as a custodian for any Account or take or have possession of any assets of any Account;

 

(h) Trading
Advisor confirms that it has received, read and understands the Guidelines and agrees to trade within the contours of such Guidelines
when trading any Account;

 

(i) Trading
Advisor confirms there currently exists in full force and effect an insurance policy protecting Trading Advisor (and its officers, directors
and employees) against liability or loss against errors and omissions in the amount of $__ million, and the Trading Advisor warrants that
a similar insurance policy in the amount of no less than $__ million shall be maintained at all times while this Agreement is in effect;

 

12. Termination.
This Agreement may be terminated at any time by either Party upon ninety (90) days prior written notice of one to the other. If either
Party terminates this Agreement on a date other than at the end of a calendar quarter, fees shall be calculated and pro-rated as if such
termination date were the end of a quarter. If this Agreement shall be terminated, Manager shall be billed for fees accrued to the date
of such termination and Manager’s obligation to pay future fees shall terminate. The Manager shall not be entitled to a refund of
any fees paid or accrued to the date of the termination of this Agreement. As of the effective date of termination, Trading Advisor shall
provide to Manager all books and records provided by Manager during the term of this Agreement. If Trading Advisor is required by law
to maintain as copies any such books and records for a period of time, Trading Advisor shall do so subject to Section 8 and, following
the period of time in which it is required to maintain such copies, it shall destroy all such books and records.

 

13. Notices.
Notices and other communications required or permitted under this Agreement shall be in writing, shall be deemed to be effectively delivered
when actually received, and may be delivered by US mail (first class, postage prepaid), by email, by hand or by commercial overnight delivery
service, addressed as follows:

 

	Trading Advisor:	Three Main Street Suite 215
	 	Burlington, VT
	 	05401

 

		Manager:	7 Roszel Rd. Suite 1A

Princeton, NJ

08540

 

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Either Party from time to time may designate in
writing any other address or email address to which notices, bills, and communications to such Party may be sent.

 

14. Governing
Law; Jurisdiction. This Agreement will be governed by and construed in accordance with the laws of the State of New York without
giving effect to any conflict or choice of law provisions of that State. Each of the parties hereto hereby submits to the exclusive jurisdiction
of the courts of the State of New York and of the United States having jurisdiction in the State of New York, and agrees not to raise
and waives any objection to or defense based upon the venue of any such court or based upon forum non conveniens. Each of the parties
consents to service of process by personal service in any manner in which notice may be delivered hereunder in accordance with Section
13 above.

 

15. Miscellaneous.
If any provision of this Agreement is or should become inconsistent with any law or rule of any governmental or regulatory body having
jurisdiction over the subject matter of this Agreement, the provisions will be deemed to be rescinded or modified in accordance with any
such law or rule. In all other respects, this Agreement will continue and remain in full force and effect. No term or provision of this
Agreement may be amended, waived or changed except in writing signed by the party against whom such amendment, waiver or change is sought
to be enforced. The captions appearing in this Agreement are inserted as a matter of convenience and for reference only and shall not
define, limit, or describe the scope and intent of this Agreement or any of the provisions thereof. This Agreement contains the entire
understanding between the Parties concerning the subject matter of this Agreement and supersedes all prior agreements and understandings
(written or oral) of the Parties in connection herewith. This Agreement may be executed in one or more counterparts, each of which is
deemed an original, but all of which together are deemed to be one and the same agreement. A signed copy of this Agreement delivered by
facsimile, email or other means of electronic transmission is deemed to have the same legal effect as delivery of an original signed copy
of this Agreement. An electronic signature, whether digital or encrypted, shall have the same effect as a manual one.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of
the day and year first above written.

 

	TEUCRIUM TRADING LLC	 	CONVEXITY SHARES, LLC
	 	 	 	 	 	 
	By:	/s/ Steve Kahler	 	By:	/s/ John Zhu
	 	Name:	Steve Kahler	 	 	Name: John Zhu
	 	Title:	Chief Operating Officer	 	 	Title: Chief Executive Officer

 

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Exhibit A

Series

 

ConvexityShares Daily 1.5x SPIKES Futures ETF

ConvexityShares 1x SPIKES Futures ETF

 

 

 

     

     

    

 

Exhibit B

 

Investment Guidelines and Restrictions

 

Each Series shall be managed in such manner, and
with such restrictions and limitations, as described in the Series’ Prospectus. Any contradictions between the Prospectus and the
Guidelines below shall be governed by the Prospectus. All capitalized terms and specific references not otherwise defined in this Agreement
shall have the meanings assigned to them in the applicable Series’ Prospectus.

 

ConvexityShares Daily 1.5x SPIKES Futures ETF

 

1. Investment
Objective

 

To seek daily investment results, before fees and expenses, that correspond
to one-and-a-half times (1.5x) the performance of the T3 SPIKE Front 2 Futures Index for a single day, not for any other period.

 

2. Eligible
Investments

 

(a) Financial
Instruments

 

		(i)	The Series shall invest primarily in long positions in SPIKES futures contracts

 

		(ii)	In the event accountability rules, price limits, position limits, margin limits or other exposure limits
are reached with respect to SPIKES futures contracts, or if the market for a specific futures contract experiences emergencies (e.g.,
natural disaster, terrorist attack or an act of God) or disruptions (e.g., a trading halt or a flash crash) or in situations where
the Trading Advisor deems it impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility
or illiquidity, or when trading in SPY is halted), the Series may obtain exposure to the Index by investing primarily in VIX futures contracts
or VIX swap agreements.

 

		(iii)	A Series may hold VIX swap agreements in the event accountability rules, price limits, position limits,
margin limits or other exposure limits are reached with respect to VIX futures contracts, or if the market for VIX futures contracts experiences
emergencies or disruptions or in situations where the Trading Advisor deems it impractical or inadvisable to buy or sell futures contracts.

 

(b) Cash
Items

 

		(i)	Cash

 

		(ii)	Obligations of the U.S. Government and its federal agencies or government-sponsored enterprises

 

		(iii)	Shares of money market mutual funds that comply with Rule 2a-7 under the Investment Company Act of 1940.
Money market funds that permit a floating net asset or any form of hold on investor redemptions are prohibited.

 

     

     

    

 

3. Exposure

 

The Trading Advisor will seek
for the Series notional exposure to the Financial Instruments equal to 150% of the Series’ net assets.

 

ConvexityShares 1x SPIKES Futures ETF

 

1. Investment
Objective

 

To seek investment results,
before fees and expenses, that over time, match (1x) the performance of the T3 SPIKE Front 2 Futures Index (the “Index”).

 

2. Eligible
Investments

 

(a) Financial
Instruments

 

		(i)	The Series shall invest primarily in long positions in SPIKES futures contracts

 

		(ii)	In the event accountability rules, price limits, position limits, margin limits or other exposure limits
are reached with respect to SPIKES futures contracts, or if the market for a specific futures contract experiences emergencies (e.g.,
natural disaster, terrorist attack or an act of God) or disruptions (e.g., a trading halt or a flash crash) or in situations where
the Trading Advisor deems it impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility
or illiquidity, or when trading in SPY is halted), the Series may obtain exposure to the Index by investing primarily in VIX futures contracts
or VIX swap agreements.

 

		(iii)	A Series may hold VIX swap agreements in the event accountability rules, price limits, position limits,
margin limits or other exposure limits are reached with respect to VIX futures contracts, or if the market for VIX futures contracts experiences
emergencies or disruptions or in situations where the Trading Advisor deems it impractical or inadvisable to buy or sell futures contracts.

 

(b) Cash
Items

 

		(i)	Cash

 

		(ii)	Obligations of the U.S. Government and its federal agencies or government-sponsored enterprises

 

		(iii)	Shares of money market mutual funds that comply with Rule 2a-7 under the Investment Company Act of 1940.
Money market funds that permit a floating net asset or any form of hold on investor redemptions are prohibited.

 

3. Exposure

 

The Trading Advisor will seek for the Series notional
exposure to the Financial Instruments equal to 100% of the Series’ net assets.

 

     

     

    

 

Exhibit C

Fees

 

The Manager shall pay to the Trading Advisor the fee set forth below, based on the Current Net Assets (as defined below)
of the Account. Such fee shall be accrued daily and payable quarterly in arrears. In the case of termination of this Agreement during
any calendar month, the quarterly fee with respect to the Account accrued to, but excluding, the date of termination shall be paid promptly
following such termination. For purposes of computing the amount of trading fee accrued for any day, “Current Net Assets”
shall mean the net assets of the Account as of the most recent preceding day for which the Account’s net assets were computed. As
soon as practicable after the end of each calendar quarter, Trading Advisor will present a billing statement for the trading fee (calculated
as described above) to the Manager, indicating the total amount of the fee for the quarter, and any other amounts payable during the period
as may be provided for under this Agreement. The Manager agrees to pay the quarterly trading fee no later than 30 calendar days following
receipt of the Trading Advisor’s billing statement.

 

ConvexityShares Daily 1.5x SPIKES Futures ETF

ConvexityShares 1x SPIKES Futures ETFExhibit 10.4

 

MARKETING AGENT
AGREEMENT

 

THIS AGREEMENT is made and entered into as of
this 16th day of March 2021 by and among ConvexityShares, LLC, a Delaware limited liability company (the “Sponsor”), ConvexityShares
Trust, a Delaware statutory trust (the “Trust” and collectively with the Sponsor as, the “Client”), and Foreside
Fund Services, LLC, a Delaware limited liability company (“Foreside”).

 

WHEREAS, the Sponsor serves as sponsor
to or investment adviser of the Trust, which issues shares of beneficial interest (“Shares”) in separate segregated series
that are registered under the Securities Act of 1933 (the “1933 Act”) and listed on Exhibit A (each such series a “Fund”,
collectively “Funds”).

 

WHEREAS, the Client desires to retain Foreside
to provide certain services in connection with the offering of the Shares (as amended from time to time).

 

WHEREAS, the Trust intends to create and
redeem Shares only in creation unit aggregations (“Creation Unit”) on a continuous basis, and list the Shares on one or more
national securities exchanges.

 

WHEREAS, Foreside is registered as a broker-dealer
under the Securities Exchange Act of 1934 (the “1934 Act”) and is a member of the Financial Industry Regulatory Authority,
Inc. (“FINRA”).

 

WHEREAS, the Client desires to retain Foreside
to provide certain services in connection with the creation and redemption of Shares of the Funds; and

 

WHEREAS, Foreside is willing to provide
certain services for the Client on the terms and conditions hereinafter set forth.

 

NOW THEREFORE, in consideration of the
promises and mutual covenants herein contained, and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the parties hereto, intending to be legally bound, do hereby agree as follows:

 

1. Appointment.
The Trust hereby appoints Foreside to serve as the marketing agent of the Funds on the terms and for the period set forth in this
Agreement, and Foreside hereby accepts such appointment and agrees to perform the marketing agent services listed on Exhibit A hereto
subject to the terms and conditions hereof.

 

2. Definitions.
Wherever they are used herein, the following terms have the following respective meanings:

 

“Prospectus” means the Prospectus
constituting a part of the Registration Statement of the Trust under the 1933 Act as such Prospectus may be amended or supplemented and
filed with the SEC from time to time;

 

“Registration Statement” means
the registration statement most recently filed from time to time by the Trust with the SEC and effective under the 1933 Act, as such registration
statement is amended by any amendments thereto at the time in effect;

 

     

     

    

 

All other capitalized terms used but not defined
in this Agreement shall have the meanings ascribed to such terms in the Registration Statement and the Prospectus.

 

3. Duties
of Foreside.

 

		a)	Foreside shall use commercially reasonable efforts to provide the following services to the Trust with
respect to the creation and redemption of Creation Units of each Fund:

 

		(i)	work with the Sponsor, the Trust, and the Trust’s transfer agent or index receipt agent (the “Transfer
Agent/Index Receipt Agent”) to facilitate the execution of Authorized Participant Agreements;

 

		(ii)	maintain copies of confirmations of Creation Unit creation and redemption order acceptances;

 

		(iii)	maintain telephonic, facsimile and/or access to direct computer communications links with the Transfer
Agent/Index Receipt Agent;

 

		(iv)	review and approve, prior to use, all Trust advertising, sales and marketing materials submitted to Foreside
for review by the Client (“Marketing Materials”) for compliance with applicable SEC and FINRA advertising rules, and file
all such Marketing Materials required to be filed with FINRA. Foreside agrees to furnish to the Trust or the Sponsor any comments provided
by FINRA with respect to such materials.

 

		(v)	work with the Transfer Agent/Index Receipt Agent to review and approve orders placed by Authorized Participants
and transmitted to the Transfer Agent/Index Receipt Agent. The Trust acknowledges that Foreside shall not be obligated to approve any
certain number of orders for Creation Units.

 

		b)	The services furnished by Foreside hereunder are not to be deemed exclusive and Foreside shall be free
to furnish similar services to others so long as its services under this Agreement are not impaired thereby.

 

4. Duties
of the Client.

 

		a)	The Trust agrees to create, issue, and redeem Creation Units of each Fund in accordance with the procedures
described in the Prospectus. Upon reasonable notice to Foreside, and in accordance with the procedures described in the Prospectus, the
Trust reserves the right to reject any order for Creation Units or to stop all receipts of such orders at any time.

 

		b)	The Client shall deliver to Foreside copies of the following documents:

 

		(i)	the then current Prospectus for the Trust;

 

		(ii)	any relevant policies and procedures adopted by the Sponsor or the Trust or its service providers that
are applicable to the services provided by Foreside; and

 

		(iii)	any other documents, materials or information that Foreside shall reasonably request to enable it to perform
its duties pursuant to this Agreement.

 

		c)	The Client shall thereafter deliver to Foreside as soon as is reasonably practical any and all amendments
to the documents required to be delivered under this Section.

 

		d)	The Client shall arrange to provide the listing exchanges for the Shares with copies of Prospectuses,
Statements of Additional Information, and product descriptions to be provided to purchasers in the secondary market.

 

		e)	The Trust will make it known that Prospectuses and Statements of Additional Information and product descriptions
are available by making sure such disclosures are in all marketing and advertising materials prepared by the Trust.

 

    2

     

    

 

5. Representations,
Warranties and Covenants of the Client.

 

		a)	The Client hereby represents and warrants to Foreside, which representations and warranties shall be deemed
to be continuing throughout the term of this Agreement, that:

 

		(i)	it is duly organized and in good standing under the laws of its jurisdiction of organization;

 

		(ii)	this Agreement has been duly authorized, executed and delivered by the Client and, when executed and delivered,
will constitute a valid and legally binding obligation of the Client, enforceable in accordance with its terms, subject to bankruptcy,
insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured
parties;

 

		(iii)	it is conducting its business in compliance in all material respects with all applicable laws and regulations,
both state and federal, and has obtained all regulatory approvals necessary to carry on its business as now conducted;

 

		(iv)	each Fund’s Registration Statement, Prospectus, and Marketing Materials have been prepared in conformity
with the requirements of the 1933 Act and SEC rules and regulations;

 

		(v)	each Fund’s Registration Statement and Prospectus do not and shall not contain any untrue statement
of material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading,
and that all statements or information furnished to Foreside pursuant to this Agreement shall be true and correct in all material respects;

 

		(vi)	all Marketing Materials shall contain all statements required to be stated therein in accordance with
the 1933 Act and SEC rules and regulations; and do not and shall not contain any untrue statement of material fact or omit to state any
material fact required to be stated therein or necessary to make the statements therein not misleading;

 

		(vii)	all necessary approvals, authorizations, consents or orders of or filings with any federal, state, local
or foreign governmental or regulatory commission, board, body, authority or agency have been or will be obtained by the Trust in connection
with the issuance and sale of the Shares, including registration of the Shares under the 1933 Act, and any necessary qualification under
the securities or blue sky laws of the various jurisdictions in which the Shares are being offered.

 

		b)	The Client shall fully cooperate in the efforts of Foreside in the provision of the services. In addition,
the Client shall keep Foreside fully informed of its affairs as they relate to the Funds and shall provide to Foreside from time to time
copies of all information that Foreside may reasonably request for use in connection with the provision of the Services.

 

6. Representations,
Warranties and Covenants of Foreside. Foreside hereby represents and warrants to the Client, which representations and warranties
shall be deemed to be continuing throughout the term of this Agreement, that:

 

		a)	it is duly organized and existing under the laws of the jurisdiction of its organization, with full power
to carry on its business as now conducted, to enter into this Agreement and to perform its obligations hereunder;

 

		b)	this Agreement has been duly authorized, executed and delivered by Foreside and, when executed and delivered,
will constitute a valid and legally binding obligation of Foreside, enforceable in accordance with its terms, subject to bankruptcy, insolvency,
reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties;

 

		c)	it is conducting its business in compliance in all material respects with all applicable laws and regulations,
both state and federal, and has obtained all regulatory approvals necessary to carry on its business as now conducted; and

 

		d)	it is registered as a broker-dealer under the 1934 Act and is a member in good standing of FINRA.

 

    3

     

    

 

7. Compensation.

 

		a)	As compensation for the services performed by Foreside under this Agreement, Client shall pay to Foreside
the fees and expenses set forth in Exhibit B hereto.

 

		b)	The Trust shall provide to the Foreside on an on-going basis information sufficient to enable Foreside
to ensure compliance with FINRA Rule 2310, including calculations of underwriting compensation and total offering and operating expenses.

 

8. Indemnification.

 

		a)	The Client shall indemnify, defend and hold Foreside, its affiliates and each of their respective members,
managers, directors, officers, employees, representatives and any person who controls or previously controlled Foreside within the meaning
of Section 15 of the 1933 Act (collectively, the “Foreside Indemnitees”), free and harmless from and against any and all losses,
claims, demands, liabilities, damages and expenses (including the costs of investigating or defending any alleged losses, claims, demands,
liabilities, damages or expenses and any reasonable counsel fees incurred in connection therewith) (collectively, “Losses”)
that any Foreside Indemnitee may incur arising out of or relating to (i) the Client’s breach of any of its obligations, representations,
warranties or covenants contained in this Agreement; (ii) the Client’s failure to comply in all material respects with any applicable
laws, rules or regulations; or (iii) any claim that the Prospectus, Marketing Materials or other information filed or made public by the
Client (as from time to time amended) includes or included an untrue statement of a material fact or omits or omitted to state a material
fact required to be stated therein or necessary in order to make the statements therein not misleading under the 1933 Act, provided, however,
that the Client’s obligation to indemnify any of the Foreside Indemnitees shall not be deemed to cover any Losses arising out of
any untrue statement or alleged untrue statement or omission or alleged omission made in the Prospectus or any such Marketing Materials
or other information filed or made public by the Client in reliance upon and in conformity with information originating from Foreside
and provided by Foreside to the Client in writing for use in such Prospectus or any such Marketing Materials.

 

		b)	Foreside shall indemnify, defend and hold the Client, its affiliates, and each of their respective directors,
officers, employees, representatives, and any person who controls or previously controlled the Client within the meaning of Section 15
of the 1933 Act (collectively, the “Client Indemnitees”), free and harmless from and against any and all Losses that any Client
Indemnitee may incur under the 1933 Act, the 1934 Act, any other statute (including Blue Sky laws) or any rule or regulation thereunder,
or under common law or otherwise, arising out of or based upon Foreside’s breach of any of its obligations, representations, warranties
or covenants contained in this Agreement; (ii) Foreside’s failure to comply in all material respects with any applicable laws, rules,
or regulations; or (iii) any claim that the Prospectus, Marketing Materials or other information filed or made public by the Trust (as
from time to time amended) include or included an untrue statement of a material fact or omitted to state a material fact required to
be stated therein or necessary in order to make the statements therein not misleading, insofar as such statement or omission was made
in reliance upon, and in conformity with information furnished to the Trust by Foreside for use in such Prospectus, sales literature and
advertising materials or other information filed or made public by the Trust.

 

    4

     

    

 

		c)	In no case (i) is the indemnification provided by an indemnifying party to be deemed to protect against
any liability the indemnified party would otherwise be subject to by reason of willful misfeasance, bad faith or gross negligence in the
performance of its duties or by reason of its reckless disregard of its obligations and duties under this Agreement, or (ii) is the indemnifying
party to be liable under this Section with respect to any claim made against any indemnified party unless the indemnified party notifies
the indemnifying party in writing of the claim within a reasonable time after the summons or other first written notification giving information
of the nature of the claim shall have been served upon the indemnified party (or after the indemnified party shall have received notice
of service on any designated agent).

 

		d)	Failure to notify the indemnifying party of any claim shall not relieve the indemnifying party from any
liability that it may have to the indemnified party against whom such action is brought, on account of this Section, unless failure or
delay to so notify the indemnifying party prejudices the indemnifying party’s ability to defend against such claim. The indemnifying
party shall be entitled to participate at its own expense in the defense or, if it so elects, to assume the defense of any suit brought
to enforce the claim, but if the indemnifying party elects to assume the defense, the defense shall be conducted by counsel chosen by
it and satisfactory to the indemnified party. In the event that indemnifying party elects to assume the defense of any suit and retain
counsel, the indemnified party shall bear the fees and expenses of any additional counsel retained by them. If the indemnifying party
does not elect to assume the defense of any suit, it will reimburse the indemnified party for the reasonable fees and expenses of any
counsel retained by them. The indemnifying party agrees to notify the indemnified party promptly of the commencement of any litigation
or proceedings against it or any of its officers or directors in connection with the purchase or redemption of any of the Creation Units
or the Shares.

 

		e)	No indemnified party shall settle any claim against it for which it intends to seek indemnification from
the indemnifying party, under the terms of section 8(a) or 8(b) above, without prior written notice to and consent from the indemnifying
party, which consent shall not be unreasonably withheld. No indemnified or indemnifying party shall settle any claim unless the settlement
contains a full release of liability with respect to the other party in respect of such action.

 

		f)	This section 8 shall survive the termination of this Agreement.

 

9. Limitations
on Damages. Neither Party shall be liable for any consequential, special or indirect losses or damages suffered by the other Party,
whether or not the likelihood of such losses or damages was known by the Party.

 

10. Force
Majeure. Neither Party shall be liable for losses, delays, failure, errors, interruption or loss of data occurring directly or indirectly
by reason of circumstances beyond its reasonable control, including, without limitation, Acts of Nature (including fire, flood, earthquake,
storm, hurricane or other natural disaster); action or inaction of civil or military authority; acts of foreign enemies; war; terrorism;
riot; insurrection; sabotage; epidemics; labor disputes; civil commotion; or interruption, loss or malfunction of utilities, transportation,
computer or communications capabilities, and the other Party shall have no right to terminate this Agreement in such circumstances.

 

11. Duration
and Termination.

 

		a)	This Agreement shall become effective as of the date first set forth above. Unless sooner terminated as
provided herein, this Agreement shall continue in effect for two years from the date hereof. Thereafter, if not terminated, this Agreement
shall continue automatically in effect for successive one-year periods.

 

		b)	Notwithstanding the foregoing, this Agreement may be terminated, without the payment of any penalty, upon
no less than 60 days’ written notice, by either the Client or by Foreside.

 

    5

     

    

 

12. Confidentiality.

 

		a)	During the term of this Agreement, Foreside and the Client may have access to non-public confidential
information relating to such matters as either party’s business, trade secrets, systems, procedures, manuals, products, contracts,
personnel, and clients. As used in this Agreement, “Confidential Information” means non-public or proprietary information
belonging to one of the parties that is of value to such party and the disclosure of which could result in a competitive or other disadvantage
to such party. Confidential Information includes non-public or proprietary information that may be financial information, proposals and
presentations, reports, forecasts, inventions, improvements and other intellectual property; trade secrets; know-how; designs, processes
or formulae; software; market or sales information or plans; customer lists; and business plans, prospects and opportunities (such as
possible acquisitions or dispositions of businesses or facilities). Confidential Information includes information developed by either
party in the course of engaging in the activities provided for in this Agreement, unless: (i) the information is or becomes publicly known
through lawful means; (ii) the information is disclosed to the other party without a confidential restriction by a third party who rightfully
possesses the information and did not obtain it, either directly or indirectly, from one of the parties, as the case may be, or any of
their respective principals, employees, affiliated persons, or affiliated entities. The parties understand and agree that all Confidential
Information shall be kept confidential by the other both during and after the term of this Agreement. Each party shall maintain commercially
reasonable information security policies and procedures for protecting Confidential Information. The parties further agree that they will
not, without the prior written approval by the other party, disclose such Confidential Information, or use such Confidential Information
in any way, either during the term of this Agreement or at any time thereafter, except (i) as required in the course of this Agreement,
(ii) as provided by the other party, or (iii) as required by applicable law, rule, or regulation or in response to a routine self-regulatory
examination or request for information directed at the receiving party. Upon termination of this Agreement for any reason, or as otherwise
requested by the Client, all Confidential Information held by or on behalf of the Client shall be promptly returned to the Client, or
an authorized officer of Foreside will certify to the Client in writing that all such Confidential Information has been destroyed. This
section 12 shall survive the termination of this Agreement.

 

		b)	Notwithstanding the foregoing, a party may disclose the other’s Confidential Information if (i)
required by law, regulation or legal process or if requested by the SEC or other governmental regulatory agency with jurisdiction over
the parties hereto or (ii) requested to do so by the other party.

 

13.
Notice. Any notice or other communication authorized or required by this Agreement to be given to either party shall be in
writing and deemed to have been given when delivered in person or by confirmed facsimile, email, or posted by certified mail, return
receipt requested, to the following address (or such other address as a party may specify by written notice to the other):

 

	(i) To Foreside:	(ii) If to the Trust:
	Foreside Fund Services, LLC	Name: ConvexityShares Trust
	Three Canal Plaza, Suite 100	c/o ConvexityShares, LLC
	Portland, ME 04101	Address: 7 Roszel Road, Suite 1A
	Attn: Legal Department	Address: Princeton, NJ 08540
	Telephone: (207) 553-7110	Attn: John Zhu
	Facsimile: (207) 553-7151	Telephone: (609) 897-7300
	Email:legal@foreside.com	Email: jzhu@triple3p.com
	With a copy to:	 
	etp-services@foreside.com	 

 

 

14. Modifications.
The terms of this Agreement shall not be waived, altered, modified, amended or supplemented in any manner whatsoever except by a written
instrument signed by Foreside and the Client.

 

15. Governing
Law. This Agreement shall be construed in accordance with the laws of the State of New York, without regard to the conflicts of law
principles thereof.

 

16. Assignment.
This Agreement may not be assigned by either Party without the prior written consent of the other Party. This Agreement shall be binding
upon and inure to the benefit of the Parties’ representatives, successors, heirs, and permitted assigns, as applicable. A change
in control shall not be construed to be an assignment.

 

17. Survival.
The provisions of Sections 8, 9, 10, 12, 14, 17, and 18 of this Agreement shall survive any termination of this Agreement.

 

    6

     

    

 

18. Miscellaneous.
The captions in this Agreement are included for convenience of reference only and in no way define or delimit any of the provisions
hereof or otherwise affect their construction or effect. Any provision of this Agreement which may be determined by competent authority
to be prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction
shall not invalidate or render unenforceable such provision in any other jurisdiction. This Agreement shall
be binding upon and inure to the benefit of the parties hereto and their respective successors. This Agreement shall be construed as if
drafted jointly by both Foreside and the Trust and no presumptions shall arise favoring any party by virtue of authorship of any provision
of this Agreement. This Agreement may be executed by the Parties hereto in any number of counterparts, and all of the counterparts taken
together shall be deemed to constitute one and the same document. Nothing herein contained shall prevent Foreside from entering into similar
distribution arrangements or from providing the services contemplated hereunder to other investment companies or investment vehicles.
This Agreement has been negotiated and executed by the parties in English. In the event any translation of this Agreement is prepared
for convenience or any other purpose, the provisions of the English version shall prevail.

 

19. Entire
Agreement. This Agreement constitutes the entire agreement between the Parties hereto with respect to
the subject matter hereto, and supersedes all prior communications, understandings and agreements relating to the subject matter hereof,
whether oral or written.

 

IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be executed by a duly authorized officer on one or more counterparts as of the date first above written.

 

	 	Foreside Fund Services, LLC
	 	 	 
	 	By:	/s/ Mark Fairbanks
	 	 	Mark A. Fairbanks, Vice President
	 	 	 
	 	ConvexityShares Trust
	 	 	 
	 	By:	/s/ John Zhu
	 	 	John Zhu, Chief Executive Officer
	 	 	 
	 	ConvexityShares LLC
	 	 	 
	 	By:	/s/ John Zhu
	 	 	John Zhu, Chief Executive Officer

 

    7

     

    

 

EXHIBIT A

 

Services:

 

Foreside will perform the following marketing
agent services:

 

		-	Serve as marketing agent for the Fund or Funds (the “Fund”);

		-	Provide FINRA corporate finance filing support as Marketing Agent, if applicable;

		-	Provide Authorized Participant (“APs”) contact list and consultation;

		-	Facilitate and track progress of Authorized Participant agreements;

		-	Provide toll-free number for the Fund for retail investor inquires, if applicable;

		-	Review and affirm AP creation/redemption orders received by the Custodian/transfer agent/index receipt
agent;

		-	Review, provide principal sign-off and appropriate regulatory filing of Fund marketing material for compliance
with FINRA requirements;

		-	Access to Foreside’s proprietary AdCompliance® workflow management and marketing material approval
technology;

		-	Establish and Maintain Broker-Dealer Written Supervisory Procedures;

		-	Maintain all Broker-Dealer Officers, including a President, Financial Operations Principal and Chief Compliance
Officer;

		-	Respond to all SEC, FINRA and state securities regulator inquiries;

		-	Maintain Broker-Dealer registration in all relevant states and jurisdictions;

		-	Prepare required FINRA filings and reports, as applicable, on behalf of the Fund; and

		-	Maintain all applicable books and records related to the services provided by it under this Agreement.

 

Funds:

 

ConvexityShares Daily 1.5x SPIKES Futures ETF

 

ConvexityShares 1x SPIKES Futures ETF

 

    A-1

     

    

 

EXHIBIT B

 

Compensation

 

 

B-1

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