Document:

Exhibit 10.7

 

TRANSFER AGENT SERVICING AGREEMENT 

 

THIS AGREEMENT is made and entered into
as of the 2nd day of January, 2015, by and between U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability
company (“Fund Services”) and ETF MANAGERS GROUP COMMODITY TRUST I, a Delaware statutory trust (the “Trust”
for itself and behalf of each of its series listed on Appendix A to this Agreement, (each a “Fund” and collectively,
the “Funds”), and ETF MANAGERS CAPITAL LLC, the Sponsor of the Funds (the “Sponsor”).

 

WHEREAS, the Sponsor has exclusive responsibility
for the management and control of the business and affairs of the Trust and each Fund; and

 

WHEREAS, The Trust intends to issue in respect
of its portfolios listed on Exhibit A attached hereto (each a “Fund” or an “ETF Series”) an exchange-traded
class of shares known as “ETF Shares” for each ETF Series. The ETF Shares shall be created in bundles called
“Creation Units.” The Trust, on behalf of the ETF Series, shall create and redeem ETF Shares of each ETF Series only
in Creation Units principally in kind for portfolio securities of the particular ETF Series (“Deposit Securities”),
as more fully described in the current prospectus and statement of additional information of the Trust, included in its registration
statement on Form S-1, No 333-199190; and as authorized under the Order of Exemption filed
with the Securities and Exchange Commission. Only brokers or dealers that are “Authorized Participants” and that have
entered into an Authorized Participant Agreement with the Distributor, acting on behalf of the Trust, shall be authorized to create
and redeem ETF Shares in Creation Units from the Trust. The Trust wishes to engage Fund Services to perform certain services on
behalf of the Trust with respect to the creation and redemption of ETF Shares, as the Trust’s agent, namely: to provide transfer
agent services for ETF Shares of each ETF Series; to act as Index Receipt Agent (as such term is defined in the rules of the National
Securities Clearing Corporation) with respect to the settlement of trade orders with Authorized Participants; and to provide custody
services under the terms of the Custody Agreement, as supplemented hereby, for the settlement of Creation Units against Deposit
Securities and/or cash that shall be delivered by Authorized Participants in exchange for ETF Shares and the redemption of ETF
Shares in Creation Unit size against the delivery of Redemption Securities and/or cash of each ETF Series.

 

WHEREAS, each Fund is operated as a commodity
pool under the Commodity Exchange Act; and

 

WHEREAS, the Trust will ordinarily issue for
purchase and redeem shares of the Trust (the “Shares) only in aggregations of Shares known as Creation Units (currently 25,000
shares) principally in kind or in cash;

 

WHEREAS, The Depository Trust Company, a limited
purpose trust company organized under the laws of the State of New York (“DTC”), or its nominee Cede & Company,
will be the  registered owner (the “Shareholder”) of all Shares; and

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WHEREAS, the Trust and Sponsor desires to retain
Fund Services as its transfer agent, dividend disbursing agent, and agent in connection with certain other activities to each series
of the Trust listed on Exhibit A attached hereto (as amended from time to time) (each a “Fund” and collectively the
“Funds”).

 

NOW, THEREFORE, in consideration of the promises
and mutual covenants herein contained, and 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 of Fund Services as Transfer Agent

 

The Trust and Sponsor hereby appoints Fund Services
as transfer agent of the Trust on the terms and conditions set forth in this Agreement, and Fund Services hereby accepts such appointment
and agrees to perform the services and duties set forth in this Agreement. The services and duties of Fund Services shall be confined
to those matters expressly set forth herein, and no implied duties are assumed by or may be asserted against Fund Services hereunder.

 

2. Services and Duties of Fund Services

 

Fund Services shall provide the following transfer agent
and dividend disbursing agent services:

 

A. Perform and facilitate the performance of
purchases and redemption of Creation Units; pursuant to such orders that Fund Services as the Index Receipt Agent shall
receive from Esposito Securities, LLC, a Texas limited liability company, having its principal place of business at 300
Crescent Court, Suite 650, Dallas, TX 75201 (“Distributor”) and pursuant to the procedures set forth in the
Authorized Participant Agreement entered into by the Funds, Fund Services shall transfer appropriate trade instructions to
the Funds’ custodian, U.S. Bank N.A (“Custodian”), pursuant to that such purchase orders register the
appropriate number of book entry only the Funds’ Units in the name of The Depository Trust Company (“DTC”)
or its nominee as a unit holder (each an “Authorized Participant”) of the Funds and deliver the Basket of Units
of the Funds and pursuant to that such redemption orders redeem the appropriate number of the Funds’ Units that are
delivered to the designated DTC Participant Account of the Custodian for redemption and debit such Units from the account of
the Authorized Participant on the register of the Funds;

 

B. Prepare and transmit by means of DTC’s book-entry
system payments for dividends and distributions on or with respect to the Shares declared by the Trust on behalf of the applicable
Fund;

 

C. On behalf of the Funds, Fund Services shall issue the
Funds’ Units in Creation Baskets for settlement with purchasers through DTC as the purchaser is authorized to receive. Beneficial
ownership of the Funds’ Units shall be shown on the records of DTC and DTC Participants and not on any records maintained
by the Fund Services. In issuing

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 the Funds’ Units through DTC to an Authorized
Participant, Fund Services shall be entitled to rely upon the latest Instructions that are received from the Distributor concerning
the issuance and delivery of such Units for settlement.

 

D. Fund Services shall not issue on behalf of the Funds
any of the Funds’ Units where it has received an Instruction from the Funds or the Distributor or written notification from
any federal or state authority that the sale of the Funds’ Units has been suspended or discontinued, and Fund Services shall
be entitled to rely upon such Instructions or written notification.

 

E. The Funds’ Units may be redeemed in accordance
with the procedures set forth in the relevant Authorized Participant Agreement and Fund Services shall duly process all redemption
requests.

 

F. Fund Services will act only upon Instruction from the
Funds and/or the Sponsor in addressing any failure in the delivery of cash, treasuries and/or Units in connection with the issuance
and redemption of the Funds’ Units.

 

 

G. Record the issuance of Shares of the Trust and maintain
a record of the total number of Shares of the Trust which are outstanding, and, based upon data provided to it by the Trust, the
total number of authorized Shares. Fund Services shall have no obligation, when recording the issuance of Shares, to monitor the
issuance of such Shares

 

H. Prepare and transmit to the Trust and the Trust’s
administrator and to any applicable securities exchange (as specified to Fund Services by the Trust) information with respect to
purchases and redemptions of Shares;

 

I. On days that the Trust may accept orders for purchases
or redemptions, calculate and transmit to Fund Services and the Trust the number of outstanding Shares;

 

J. On days that the Trust may accept orders for purchases
or redemptions (pursuant to the Participant Agreement), transmit to Fund Services, the Trust and DTC the amount of Shares purchased
on such day;

 

K. Confirm to DTC the number of Shares issued to the Shareholder,
as DTC may reasonably request;

 

L. Prepare and deliver other reports, information and documents
to DTC as DTC may reasonably request;

 

M. Maintain those books and records of the Trust specified
by the Trust and agreed upon by Fund Services;

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N. Prepare a monthly report of all purchases and redemptions
of Shares during such month on a gross transaction basis, and identify on a daily basis the net number of Shares either redeemed
or purchased on such business day and with respect to each Authorized Participant purchasing or redeeming Shares, the amount
of Shares purchased or redeemed;

 

O. Fund Services shall record the issuance of the Funds’
Creation Baskets and maintain, pursuant to Rule 17Ad-14(e) under the Securities Exchange Act of 1934, as amended, a record of the
total number of the Funds’ Creation Baskets that are authorized, issued and outstanding based upon data provided to Fund
Services by the Funds or the Sponsor. Fund Services shall also provide the Funds on a regular basis with the total number of the
Funds’ Units authorized, issued and outstanding; provided however that Fund Services shall not be responsible for monitoring
the issuance of such Units or compliance with any laws relating to the validity of the issuance or the legality of the sale of
such Units.

 

P. Subject to and in accordance with Section 9 of
the Agreement, Fund Services shall create and maintain such books and record which the Trust or Fund Services is, or may be, required
to create and maintain in accordance with all laws, rules, and regulations applicable to Fund Services as Transfer Agent. Fund
Services agrees to make all books and records available for inspection and use by the Trust or by the SEC at reasonable times,
and to otherwise keep confidential. Fund Services shall maintain such books and records for at least six years or for such other
period of time as Fund Services and Trust may mutually agree or as required by all applicable laws, rules, and regulations. Fund
Services further agrees that all such books and records shall be the property of the Trust.

 

Q. Upon reasonable notice by the Trust, Fund Services shall
make available during regular business hours all records and other data created and maintained by Fund Services as Transfer Agent
for reasonable audit and inspections by the Trust or any person retained by the Trust.

 

4. Anti-Money Laundering and Red Flag
Identity Theft Prevention Programs 

 

The Trust acknowledges that it has had an opportunity to review,
consider and comment upon the written procedures provided by Fund Services describing various tools used by Fund Services which
are designed to promote the detection and reporting of potential money laundering activity and identity theft by monitoring certain
aspects of shareholder activity as well as written procedures for verifying a customer’s identity (collectively, the “Procedures”).
Further, the Trust and Fund Services have each determined that the Procedures, as part of the Trust’s overall Anti-Money
Laundering Program and Red Flag Identity Theft Prevention Program, are reasonably designed to: (i) prevent each Fund from being
used for money laundering or the financing of terrorist activities; (ii) prevent identity theft; and (iii) achieve compliance with
the applicable provisions of the Bank Secrecy Act, Fair and Accurate Credit Transactions Act of 2003 and the USA Patriot Act of
2001 and the implementing regulations thereunder. 

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Based on this determination, the Trust hereby instructs and directs Fund Services
to implement the Procedures on the Trust’s behalf, as such may be amended or revised from time to time. It is contemplated
that these Procedures will be amended from time to time by the parties as additional regulations are adopted and/or regulatory
guidance is provided relating to the Trust’s anti-money laundering and identity theft responsibilities.

 

Fund Services agrees to provide to the Trust:

 

		(a)	Prompt written notification of any transaction or combination of transactions that Fund Services
believes, based on the Procedures, evidence money laundering or identity theft activities in connection with the Trust or any Fund
shareholder;

 

		(b)	Prompt written notification of any customer(s) that Fund Services reasonably believes, based upon
the Procedures, to be engaged in money laundering or identity theft activities, provided that the Trust agrees not to communicate
this information to the customer;

 

		(c)	Any reports received by Fund Services from any government agency or applicable industry self-regulatory
organization pertaining to Fund Services’ Anti-Money Laundering Program or the Red Flag Identity Theft Prevention Program
on behalf of the Trust;

 

		(d)	Prompt written notification of any action taken in response to anti-money laundering violations
or identity theft activity as described in (a), (b) or (c) immediately above; and

 

		(e)	Certified annual and quarterly reports of its monitoring and customer identification activities
pursuant to the Procedures on behalf of the Trust.

 

The Trust hereby directs, and Fund Services acknowledges,
that Fund Services shall (i) permit federal regulators access to such information and records maintained by Funder Services and
relating to Fund Services’ implementation of the Procedures, on behalf of the Trust, as they may request, and (ii) permit
such federal regulators to inspect Fund Services’ implementation of the Procedures on behalf of the Trust.

 

5. Compensation

 

Fund Services shall be compensated for providing the services set
forth in this Agreement in accordance with the fee schedule set forth on Exhibit B attached hereto (as amended from time
to time). Fund Services shall be compensated for such out-of-pocket expenses (e.g., telecommunication charges, postage and delivery
charges, and reproduction charges) as are reasonably incurred by Fund Services in performing its duties hereunder. Fund Services
shall also be compensated for any increases in costs due to the adoption of any new or amended industry, regulatory or other applicable
rules. The Trust shall pay all such fees and reimbursable expenses within 30 calendar days following receipt of the monthly billing
notice, except for any fee or expense subject to a good faith dispute. The Trust shall notify Fund Services in writing

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within 30 calendar days following receipt of each invoice if the
Trust is disputing any amounts in good faith. The Trust shall pay such disputed amounts within 10 calendar days of the day on which
the parties agree to the amount to be paid, if any. Notwithstanding anything to the contrary, amounts owed by the Trust to Fund
Services shall only be paid out of assets and property of the particular Fund involved.

 

6. Representations and Warranties

 

		A.	The Trust and Sponsor hereby represents and warrants to Fund Services, which representations and warranties shall be deemed
to be continuing throughout the term of this Agreement, that:

 

		(1)	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;

 

		(2)	This Agreement has been duly authorized, executed and delivered by the Trust in accordance with all requisite action and constitutes
a valid and legally binding obligation of the Trust, 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;

 

		(3)	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; there is no statute, rule,
regulation, order or judgment binding on it and no provision of its charter, bylaws or any contract binding it or affecting its
property which would prohibit its execution or performance of this Agreement; and

 

		(4)	A registration statement under the 1933 Act, as amended, will be made effective prior to the effective date of this Agreement
and will remain effective during the term of this Agreement, and appropriate state securities law filings will be made prior to
the effective date of this Agreement and will continue to be made during the term of this Agreement as necessary to enable the
Trust to make a continuous public offering of its shares.

 

		B.	Fund Services hereby represents and warrants to the Trust and Sponsor, which representations and warranties shall be deemed
to be continuing throughout the term of this Agreement, that:

 

		(1)	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;

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		(2)	This Agreement has been duly authorized, executed and delivered by Fund Services in accordance with all requisite action and
constitutes a valid and legally binding obligation of Fund Services, 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;

 

		(3)	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; there is no statute, rule,
regulation, order or judgment binding on it and no provision of its charter, bylaws or any contract binding it or affecting its
property which would prohibit its execution or performance of this Agreement; and
	 	 	 

		(4)	It is a registered transfer agent under the Exchange Act.

 

7. Standard of Care; Indemnification; Limitation of Liability

 

		A.	Fund Services shall exercise reasonable care in the performance of its duties under this Agreement.
Fund Services shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Trust in connection
with its duties under this Agreement, including losses resulting from mechanical breakdowns or the failure of communication or
power supplies beyond fund Services’ control, except a loss arising out of or relating to Fund Services’ refusal or
failure to comply with the terms of this Agreement or from its bad faith, negligence, or willful misconduct in the performance
of its duties under this Agreement. Notwithstanding any other provision of this Agreement, if Fund Services has exercised reasonable
care in the performance of its duties under this Agreement, the Trust shall indemnify and hold harmless Fund Services from and
against any and all claims, demands, losses, expenses, and liabilities of any and every nature (including reasonable attorneys’
fees) that Fund Services may sustain or incur or that may be asserted against Fund Services by any person arising out of any action
taken or omitted to be taken by it in performing the services hereunder (i) in accordance with the foregoing standards, or (ii)
in reliance upon any written or oral instruction provided to Fund Services by any duly authorized officer of the Trust, as approved
by the Sponsor, except for any and all claims, demands, losses, expenses, and liabilities arising out of or relating to Fund Services’
refusal or failure to comply with the terms of this Agreement or from its bad faith, negligence or willful misconduct in the performance
of its duties under this Agreement. This indemnity shall be a continuing obligation of the Trust, its successors and assigns, notwithstanding
the termination of this Agreement. As used in this paragraph, the term “Fund Services” shall include Fund Services’
directors, officers and employees.

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Fund Services shall indemnify and hold the Trust harmless
from and against any and all claims, demands, losses, expenses, and liabilities of any and every nature (including reasonable attorneys’
fees) that the Trust may sustain or incur or that may be asserted against the Trust by any person arising out of any action taken
or omitted to be taken by Fund Services as a result of Fund Services’ refusal or failure to comply with the terms of this
Agreement, or from its bad faith, negligence, or willful misconduct in the performance of its duties under this Agreement. This
indemnity shall be a continuing obligation of Fund Services, its successors and assigns, notwithstanding the termination of this
Agreement. As used in this paragraph, the term “Trust” shall include the Trust’s directors, trustees, officers
and employees.

 

Neither party to this Agreement shall be liable to the
other party for consequential, special or punitive damages under any provision of this Agreement.

 

In the event of a mechanical breakdown or failure of communication
or power supplies beyond its control, Fund Services shall take all reasonable steps to minimize service interruptions for any period
that such interruption continues. Fund Services will make every reasonable effort to restore any lost or damaged data and correct
any errors resulting from such a breakdown at the expense of Fund Services. Fund Services agrees that it shall, at all times, have
reasonable contingency plans with appropriate parties, making reasonable provision for emergency use of electrical data processing
equipment to the extent appropriate equipment is available. Representatives of the Trust shall be entitled to inspect Fund Services’
premises and operating capabilities at any time during regular business hours of Fund Services, upon reasonable notice to Fund
Services. Moreover, Fund Services shall provide the Trust, at such times as the Trust may reasonably require, copies of reports
rendered by independent accountants on the internal controls and procedures of Fund Services relating to the services provided
by Fund Services under this Agreement.

 

Notwithstanding the above, Fund Services reserves the right
to reprocess and correct administrative errors at its own expense.

 

		B.	In order that the indemnification provisions contained in this section shall apply, it is understood
that if in any case the indemnitor may be asked to indemnify or hold the indemnitee harmless, the indemnitor shall be fully and
promptly advised of all pertinent facts concerning the situation in question, and it is further understood that the indemnitee
will use all reasonable care to notify the indemnitor promptly concerning any situation that presents or appears likely to present
the probability of a claim for indemnification. The indemnitor shall have the option to defend the indemnitee against any claim
that may be the subject of this indemnification. In the event that the indemnitor so elects, it will so notify the indemnitee and
thereupon the indemnitor shall take over complete defense of the claim, and the indemnitee shall in such situation initiate no
further legal or

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other expenses for
which it shall seek indemnification under this section. The indemnitee shall in no case confess any claim or make any compromise
in any case in which the indemnitor will be asked to indemnify the indemnitee except with the indemnitor’s prior written
consent.

 

		C.	The indemnity and defense provisions set forth in this Section 7 shall indefinitely survive the termination
and/or assignment of this Agreement.

 

		D.	If FUND SERVICES is acting in another capacity for the Trust pursuant to a separate agreement, nothing
herein shall be deemed to relieve Fund Services of any of its obligations in such other capacity.

 

8. Data Necessary to Perform Services

 

The Trust or its agent shall furnish to Fund Services
the data necessary to perform the services described herein at such times and in such form as mutually agreed upon.

 

9. Proprietary and Confidential Information 

 

Fund Services agrees on behalf of itself and its directors, officers,
and employees to treat confidentially and as proprietary information of the Trust, all records and other information relative to
the Trust and prior, present, or potential shareholders of the Trust (and clients of said shareholders), and not to use such records
and information for any purpose other than the performance of its responsibilities and duties hereunder, except (i) after prior
notification to and approval in writing by the Trust, which approval shall not be unreasonably withheld and may not be withheld
where Fund Services may be exposed to civil or criminal contempt proceedings for failure to comply, (ii) when requested to divulge
such information by duly constituted authorities, or (iii) when so requested by the Trust. Records and other information which
have become known to the public through no wrongful act of Fund Services or any of its employees, agents or representatives, and
information that was already in the possession of Fund Services prior to receipt thereof from the Trust or its agent, shall not
be subject to this paragraph.

 

Further, Fund Services will adhere to the privacy policies adopted
by the Trust pursuant to Title V of the Gramm-Leach-Bliley Act, as may be modified from time to time. In this regard, Fund Services
shall have in place and maintain physical, electronic and procedural safeguards reasonably designed to protect the security, confidentiality
and integrity of, and to prevent unauthorized access to or use of, records and information relating to the Trust and its shareholders.

 

10. Records

 

Fund Services shall keep records relating
to the services to be performed hereunder in the form and manner, and for such period, as it may deem advisable and is agreeable
to the Trust, but not inconsistent with the rules and regulations of appropriate government authorities,
in particular, as

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required by the Securities Exchange Act of 1934, as amended, the
rules of the stock exchange on which the Funds’ shares are listed, 17 C.F.R. 4.23 (specifically, the records specified in
17 C.F.R. 4.23(a)(1) through (8), (10) through (12) and (b)(1)), and other applicable federal securities laws and created
pursuant to the performance of the Administrator’s obligations under this Agreement. The Administrator will also maintain
those records of the Trust and the Funds including any changes, modifications or amendments thereto (the “Fund Records”)
and will act as document repository for such Fund Records. Upon receipt of such Fund Records, the Administrator will issue a receipt
for such Fund Records. The Administrator shall maintain a complete and orderly inventory of all Fund Records for which it has issued
a receipt. The Administrator shall be under no duty or obligation to audit or reconcile the content, nor shall the Administrator
be responsible for the accuracy or completeness of those Fund Records not created by the Administrator. Upon written request in
a form to be determined by Administrator and the Trust, the Administrator will return or release the requested Fund Records to
such persons or entities pursuant to the Instructions provided by the Trust. Once one or more Fund Records have been returned or
released by the Administrator, the Administrator shall have no further duty or obligation to act as repository for said previously
released Fund Records. The Sponsor represents and warrants that: (a) promptly after the date of this Agreement, it will, at
its own expense, deliver, cause to be delivered or make available to the Administrator all of the Fund Records in effect as of
the date of this Agreement; (b) it will, on a continuing basis and at its own expense, promptly deliver, cause to be delivered
or make available to the Administrator any Fund Records created after the date of this Agreement; (c) it has adequate record-keeping
policies and procedures in effect to ensure that all Fund Records are promptly provided to the Administrator pursuant to the terms
of this Agreement; (d) it shall be responsible for the accuracy and completeness of any Fund Records not created by the Administrator;
and (e) it shall be responsible for ensuring the Trust’s or the Funds’ compliance with, fulfillment of its obligations
under or enforcement of, any Fund Records not created by the Administrator. The Administrator acknowledges that the records maintained
and preserved by the Administrator pursuant to this Agreement are the property of the Trust and will be, at the Trust’s expense,
surrendered promptly upon reasonable request. In performing its obligations under this Section, the Administrator may utilize micrographic
and electronic storage media as well as independent third party storage facilities.

 

11. Compliance with Laws

 

The Trust has and retains primary responsibility for all compliance
matters relating to the Fund, including but not limited to compliance with the 1933 Act, CFTC, NFA, NYSE, the Internal Revenue
Code of 1986, the Sarbanes-Oxley Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating
to its portfolio investments as set forth in its Prospectus and statement of additional information. Fund Services’ services
hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Sponsor’s oversight responsibility
with respect thereto.

 

12. Term of Agreement; Amendment 

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This Agreement shall become effective as of the date first written
above and will continue in effect for a period of three (3) years. This Agreement may be terminated by either party upon giving
90 days prior written notice to the other party or such shorter period as is mutually agreed upon by the parties. Notwithstanding
the foregoing, this Agreement may be terminated by any party upon the breach of the other party of any material term of this Agreement
if such breach is not cured within 15 days of notice of such breach to the breaching party. This Agreement may not be amended or
modified in any manner except by written agreement executed by Fund Services and the Trust, and authorized or approved by the Sponsor.

 

13. Early Termination 

 

In the absence of any material breach of this Agreement, should
the Trust and Sponsor elect to terminate this Agreement prior to the end of the initial three year term, the Trust agrees to pay
the following fees:

 

(1) all monthly fees through the life of the Agreement,
including the repayment of any negotiated discounts;

 

(2) all fees associated with converting services to successor
service provider;

 

(3) all fees associated with any record retention and/or
tax reporting obligations that may not be eliminated due to the conversion to a successor service provider;

 

(4) all out-of-pocket costs associated
with (1) to (3) above

 

14. Duties in the Event of Termination

 

In the event that, in connection with the termination of this Agreement,
a successor to any of Fund SBFS’ duties or responsibilities hereunder is designated by the Trust by written notice to Fund
Services, Fund Services will promptly, upon such termination and at the expense of the Trust, transfer to such successor all relevant
books, records, correspondence, and other data established or maintained by Fund Services under this Agreement in a form reasonably
acceptable to the Trust (if such form differs from the form in which Fund Services has maintained the same, the Trust shall pay
any expenses associated with transferring the data to such form), and will cooperate in the transfer of such duties and responsibilities,
including provision for assistance from Fund Services’ personnel in the establishment of books, records, and other data by
such successor. If no such successor is designated, then such books, records and other data shall be returned to the Trust and
Sponsor.

 

15. Assignment 

 

This Agreement shall extend to and be binding upon the parties hereto
and their respective successors and assigns; provided, however, that this Agreement shall not be assignable by the Trust without
the written consent of Fund Services, or by Fund Services without the written consent of the Trust accompanied by the authorization
or approval of the Trust’s Sponsor.

 

16. Governing Law

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This Agreement shall be construed in accordance with the laws of
the State of Wisconsin, without regard to conflicts of law principles. To the extent that the applicable laws of the State of Wisconsin,
or any of the provisions herein, conflict with the applicable provisions of the 1933 Act, the latter shall control, and nothing
herein shall be construed in a manner inconsistent with the 1933 Act or any rule or order of the Securities and Exchange Commission
thereunder.

 

17. No Agency Relationship

 

Nothing herein contained shall be deemed to authorize or empower
either party to act as agent for the other party to this Agreement, or to conduct business in the name, or for the account, of
the other party to this Agreement.

 

18. Services Not Exclusive

 

Nothing in this Agreement shall limit or restrict
Fund Services from providing services to other parties that are similar or identical to some or all of the services provided hereunder.

 

19. Invalidity

 

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. In such case, the parties
shall in good faith modify or substitute such provision consistent with the original intent of the parties.

 

20. Notices

Any notice required or permitted to be
given by either party to the other shall be in writing and shall be deemed to have been given on the date delivered personally
or by courier service, or three days after sent by registered or certified mail, postage prepaid,
return receipt requested, or on the date sent and confirmed received by facsimile transmission to the other party’s address
set forth below:

 

Notice to Fund Services shall be sent to:

 

U.S. Bancorp Fund Services, LLC

615 East Michigan Street

Milwaukee, WI 53202

Attn: President

 

and notice to the Trust shall be sent to:

 

ETF Managers Group
Commodity Trust I

c/o ETF Managers
Capital LLC

35 Beechwood Road,
Suite 2B

Summit, NJ 07901

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21. Multiple Originals

 

This Agreement may be executed on two or more counterparts,
each of which when so executed shall be deemed to be an original, but such counterparts shall together constitute but one and the
same instrument.

 

[SIGNATURES ON THE FOLLOWING
PAGE]

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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.

 

ETF MANAGERS GROUP COMMODITY TRUST I

 

	By: 	/s/ Samuel Masucci III	 

 

Name: Samuel Masucci III

 

Title: Principle Executive Officer

 

ETF MANAGERS CAPITAL LLC

 

	By: 	/s/ Samuel Masucci III	 

 

Name: Samuel Masucci III

 

Title: Chief Executive Officer and President

 

U.S. BANCORP FUND SERVICES, LLC

 

	By: 	/s/ Michael R. McVoy	 

 

Name: Michael R. McVoy

 

Title: Executive Vice President

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Exhibit A to the Transfer Agent Servicing Agreement- ETF Managers
Group Commodity Trust I 

 

Separate Series of ETF Managers Group Commodity
Trust I

 

	Name
    of Series	 	Symbol	 
	Sit Rising Rate ETF	 	RISE (NYSE Arca)	 

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Exhibit B to the Transfer Agent Servicing Agreement – ETF
Managers Group Commodity Trust I 

    	16Exhibit 10.1

 

EIGHTH AMENDMENT TO CONSOLIDATED PROMISSORY
NOTE

 

THIS EIGHTH AMENDMENT
TO CONSOLIDATED PROMISSORY NOTE (the “Eighth Amendment”) is made and entered into as of the 12th day of
January 2015 by Discovery Energy Corp. a Nevada corporation f/k/a “Santos Resource Corp.” (herein called “Maker”),
and Liberty Petroleum Corporation, an Arizona corporation (herein called “Payee”).

 

RECITALS:

 

WHEREAS, Maker executed
in favor of Payee a Promissory Note (the “Note”) dated September 26, 2013 for a principal amount of $542,294; and

 

WHEREAS, pursuant to
the First Amendment on the Note, the principal amount was to become due and payable on the 10th day of January 2014;
and

 

WHEREAS, pursuant to
the Second Amendment on the Note, the principal amount is to become due and payable on the 10th day of March 2014; and

 

WHEREAS, pursuant to
the Third Amendment on the Note, the principal amount is to become due and payable on the 12th day of May 2014; and

 

WHEREAS, pursuant to
the Fourth Amendment on the Note, the principal amount is to become due and payable on the 11th day of July 2014; and

 

WHEREAS, pursuant to
the Fifth Amendment on the Note, the principal amount is to become due and payable on the 12th day of September 2014;
and

 

WHEREAS, pursuant to
the Sixth Amendment on the Note, the principal amount is to become due and payable on the 12th day of November 2014;
and

 

WHEREAS, pursuant to
the Seveth Amendment on the Note, the principal amount is to become due and payable on the 12th day of January 2015;
and

 

WHEREAS, Maker wishes
to receive an extension of the Note, and the Payee is willing to so extend the Note; and

 

WHEREAS, the parties
hereto desire to amend the Note upon the terms, provisions and conditions set forth herein;

 

AGREEMENT:

 

NOW, THEREFORE, in
consideration of the mutual promises herein, the parties hereto hereby agree as follows (all undefined, capitalized terms used
herein shall have the meanings assigned to such term in the Note):

 

		1.	Amendment to the Note. In consideration of the mutual promises herein, the Note shall be
amended so that all outstanding principal of this Note ($542,294.00) and interest that has heretofore accrued or hereafter accrues,
on such Note shall become due and payable in a single balloon payment on the 2nd day of March 2015, notwithstanding
anything else provided for in the Note. If pre-payments totaling TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($250,000) are made prior
to March 2, 2015, then the remaining principal balance of this Note with all accrued but unpaid interest thereon shall then be
due and payable in full on or before April 21, 2015.

 

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		2.	Miscellaneous. Except as otherwise expressly provided herein, the Note is not amended, modified
or affected by this Eighth Amendment. Except as expressly set forth herein, all of the terms, conditions, covenants, representations,
warranties and all other provisions of the Note are herein ratified and confirmed and shall remain in full force and effect. On
and after the date on which this Eighth Amendment becomes effective, the terms, “Note,” “herein,” “hereunder”
and terms of like import, when used herein or in the Note shall, except where the context otherwise requires, refer to the Note,
as amended by this Eighth Amendment. This Eighth Amendment may be executed in counterparts, and it shall not be necessary that
the signatures of all parties hereto be contained on any one counterpart hereof, each counterpart shall be deemed an original but
all of which together shall constitute one and the same instrument. This Eighth Amendment shall be deemed fully executed and delivered
when duly signed by the signatories and delivered via “PDF” or facsimile transmission.

 

IN WHITNESS WHEREOF, the undersigned have
set their hands hereunto as the first date written above.

 

 

	DISCOVERY ENERGY CORP.,	LIBERTY PETROLEUM CORPORATION,
	a Nevada corporation	an Arizona corporations
	 	 
	 	 
	 	 
	By: /s/ Keith J. McKenzie	By: /s/ Lane Franks
	Keith J. McKenzie,	Lane Franks,
	Chief Executive Officer	President 

 

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