PURCHASE AGREEMENT

The RBB Fund Trust (the “Trust”), a Delaware statutory trust, and Element ETFs, LLC (“Element”), intending to be legally bound, hereby agree with each other as follows:

1.  The Trust hereby offers Element and Element hereby purchases one (1) share (the “Share”) of the Element EV, Solar & Battery Materials (Lithium, Nickel, Copper, Cobalt) Futures Strategy ETF (the “Fund”) at price per Share equivalent to the net asset value per Share of the Fund as determined on December 27, 2022.

2.  The Trust hereby acknowledges receipt from Element of funds in the amount of $10 in full payment for the Share.

3.  Element represents and warrants to the Trust 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 December 27, 2022.

THE RBB FUND TRUST
By:	/s/ James G. Shaw
Name:	James G. Shaw
Title	Chief Financial Officer, Chief Operating Officer and Secretary
ELEMENT ETFS, LLC
By:	/s/ William McDonough
Name:	William McDonough
Title:	Chief Executive Officer