Horizons ETFs Management (USA) LLC

One Bryant Park, 39th Floor

May 21, 2013

Exchange Traded Concepts Trust II

2545 S. Kelly Ave. Suite C

Edmond, OK 73013

Re: Seed Capital Subscription Agreement  

Ladies and Gentlemen:

Horizons ETFs Management (USA) LLC serves as the investment sub-advisor to the Exchange Traded Concepts Trust II (the “Trust”). We propose to acquire shares of beneficial interest (the “Shares”) of the Trust for an aggregate price of $100,000, as follows:

	Number of		Price per		Aggregate
Fund	Shares		Share		Price
Horizons S&P 500 Covered Call ETF		2,500	$	40.00	$	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 and the Investment Company Act of 1940. 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 Investment Company Act of 1940 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.

Exchange Traded Concepts Trust II

May 21, 2013

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

Sincerely,

Signature: /s/ J. Garrett Stevens

Name: J. Garrett Stevens

Title: President

Agreed and accepted as of May 21, 2013:

Exchange Traded Concepts Trust II

Signature: /s/ Robert E. Shea

By: Robert E. Shea

Title: EVP and Chief Financial Officer

Horizons ETFs Management (USA) LLC