PURCHASE AGREEMENT

The RBB Fund, Inc. (the “Company”), a Maryland corporation, and Red Gate Advisers, LLC (“Red Gate”), intending to be legally bound, hereby agree with each other as follows:

1.  The Company hereby offers Red Gate and Red Gate hereby purchases one (1) share of the Stance Equity ESG Large Cap Core ETF (the “Fund”) (par value $.001 per share) at price per Share equivalent to the net asset value per share of the Fund as determined on March 11, 2021.

2.  The Company hereby acknowledges receipt from Red Gate of funds in the amount of $20 in full payment for the Share.

3.  Red Gate represents and warrants to the Company that the Share is being acquired for investment purposes and not with a view to the distribution thereof.

4.  This Agreement may be executed in counterparts, and all such counterparts taken together shall be deemed to constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the 11 day of March, 2021.

THE RBB FUND, INC.
By:	/s/ James G. Shaw
Name:	James G. Shaw
Title	Treasurer and Secretary
RED GATE ADVISERS, LLC
By:	/s/ Craig Urciuoli
Name:	Craig Urciuoli
Title:	President