SCHEDULE A

to the

INVESTMENT SUB-ADVISORY AGREEMENT

Dated May 13, 2020 between

Roundhill Financial Inc.

and

Exchange Traded Concepts, LLC

and

LISTED FUNDS TRUST

The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, calculated daily and paid monthly, at an annual rate based on the accumulative average daily net assets of each fund that ETC sub-advises and Roundhill is the Investment Adviser (or the Fund Sponsor), and subject to a minimum annual fee as follows:

Minimum Annual Fee	Asset-Based Fee
$15,000	4 bps (0.04%) on the first $200 million 3.5 bps (0.035%) on the next $800 million 3 bps (0.03%) on the next $1 billion 2.5 bps (0.025%) on the balance over $2 billion

Current series of the Trust covered by this Sub-Advisory Agreement
Roundhill Video Games ETF	Roundhill MEME ETF
Roundhill Sports Betting & iGaming ETF	Roundhill IO Digital Infrastructure ETF
Roundhill Ball Metaverse ETF	Roundhill Cannabis ETF

The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, computed daily at an annual rate of 0.09% based on the daily net assets of the Roundhill Bitcoin Futures ETF.

Continued on next page

The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the daily net aggregated assets under management in all of the Roundhill Big exchange traded funds sub-advised by the Sub-Adviser, in accordance with the following fee schedule:

Fund	Minimum Fee	Rate
Roundhill Big Tech ETF Roundhill Big Airlines ETF Roundhill Big Defense ETF Roundhill Big Bank ETF Roundhill Big Oil ETF Roundhill Big Railroad ETF	$20,000 for the first fund in the Roundhill Big family and $15,000 for all subsequent funds in the Roundhill Big family If a fund’s net assets are not sufficient to provide for the minimum fees from the unitary management fee, the additional payment from the Sponsor is reflected as additional revenue.	4.0 bps on $0 - $200 million 3.5 bps on > $200 million - $1 billion 3.0 bps on > $1 billion - $2 billion 2.5 bps on > $2 billion

IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of December 8, 2022.

ROUNDHILL FINANCIAL INC.

By: /s/ Will Hershey                

Name: Will Hershey

Title: Chief Executive Officer

EXCHANGE TRADED CONCEPTS, LLC

By: /s/ J. Garrett Stevens            

Name: J. Garrett Stevens

Title: Chief Executive Officer

LISTED FUNDS TRUST

By: /s/ Kent Barnes                

Name: Kent P. Barnes

Title: Secretary