SCHEDULE A

to the

INVESTMENT ADVISORY AGREEMENT

Dated May 24, 2019 between

LISTED FUNDS TRUST

and

Roundhill Financial Inc.

The Trust will pay to the Adviser, as compensation for the Adviser’s services rendered, a fee computed daily at an annual rate based on the average daily net assets of the Fund in accordance with the following fee schedule:

Fund	Rate
Roundhill BITKRAFT Esports & Digital Entertainment ETF	0.50%
Roundhill Sports Betting & iGaming ETF	0.75%

IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of May 19, 2020.

LISTED FUNDS TRUST	ROUNDHILL FINANCIAL INC.
By: /s/ Kent. P. Barnes	By: /s/ Tim Maloney
Name: Kent P. Barnes	Name: Tim Maloney
Title: Secretary	Title: Chief Investment Officer