EX-99.L INT CAP AGRE 19 l-seedcapsubagreement.htm SEED CAPITAL SUBSCRIPTION AGREEMENT

MBC Investments Corporation

Bellevue Corporate Center

301 Bellevue Parkway, 3rd Floor

Wilmington, Delaware 19809

 

September 30, 2024

 

BNY Mellon ETF Trust II

240 Greenwich Street

New York, New York 10286

 

Re: Subscription for the Purchase of Shares of Beneficial Interest of BNY Mellon ETF Trust II

 

Ladies and Gentlemen:

 

MBC Investments Corporation (hereinafter, “we”) hereby subscribes to purchase shares of beneficial interest (collectively, the “Shares”) of the following series of BNY Mellon ETF Trust II (the “Trust”) in the aggregate amount of $100,000 as the initial capital of the Trust, as follows:

 

Fund Number of Shares Price per Share Aggregate Price
BNY Mellon Dynamic Value ETF 4,000 $25.00 $100,000

 

We will purchase the Shares in a private offering prior to the effective date of the Form N-1A registration statement filed by the Trust under the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended (the “1940 Act”). We will purchase the Shares for investment purposes and not with the intent of redeeming or reselling. We will purchase the Shares pursuant to Section 14 of the 1940 Act in order to provide the seed capital for the Trust prior to the commencement of the public offering of its Shares.

 

We consent to the filing of this letter as an exhibit to the Form N-1A registration statement of the Trust.

 

If you agree to these terms, please acknowledge your agreement and acceptance below.

 

Sincerely,

 

/s/ Paul A. Griffith

Name: Paul A. Griffith

Title: Vice President, MBC Investments Corporation

 

Agreed and accepted as September 30, 2024:

 

BNY Mellon ETF Trust II

 

/s/ David DiPetrillo

By: David DiPetrillo

Title: President