EX-99.(L)(I) 6 purchaseagreement.htm PURCHASE AGREEMENT BETWEEN REGISTRANT AND GLOBAL BETA ADVISORS LLC
EX-99.(l)(i)


PURCHASE AGREEMENT
 
Global Beta ETF Trust (the “Trust”), a Delaware statutory trust, and Global Beta Advisors, LLC (“Global Beta”), hereby agree as follows:
 
 
1.
The Trust hereby offers to sell to Global Beta and Global Beta hereby agrees to purchase 5,000 shares of the Global Beta Smart Income ETF, a series of the Trust, at a price of $20 per share.  The Trust hereby acknowledges receipt from Global Beta of funds in full payment for the foregoing shares.
     
 
2.
The shares are to be purchased pursuant to Section 14 of the Investment Company Act of 1940 to serve as the seed money for the Trust prior to the commencement of the public offering of its shares.
     
 
3.
Global Beta represents and warrants to the Trust that the foregoing shares are being acquired for investment purposes only and that it has no present intention of redeeming or reselling the shares so acquired.

IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Purchase Agreement as of the 9th day of December, 2019.
 

 
GLOBAL BETA ETF TRUST
 
           
 


 
 
By:
/s/ Vincent T. Lowry
   
   
Name:
Vincent T. Lowry

 
   
Title:
President and Trustee

 


 
GLOBAL BETA ADVISORS, LLC
   
           
 


   
 
By:
/s/ Justin Lowry
   
   
Name:
Justin Lowry
   
   
Title:
Chief Investment Officer