exhibit 10. 7 transfer agent servicing agreement this agreement is made and entered into as of the 2nd day of january, 2015, by and between u. s. bancorp fund services, llc, a wisconsin limited liability company ( “ fund services ” ) and etf managers group commodity trust i, a delaware statutory trust ( the “ trust ” for itself and behalf of each of its series listed on appendix a to this agreement, ( each a “ fund ” and collectively, the “ funds ” ), and etf managers capital llc, the sponsor of the funds ( the “ sponsor ” ). whereas, the sponsor has exclusive responsibility for the management and control of the business and affairs of the trust and each fund ; and whereas, the trust intends to issue in respect of its portfolios listed on exhibit a attached hereto ( each a “ fund ” or an “ etf series ” ) an exchange - traded class of shares known as “ etf shares ” for each etf series. the etf shares shall be created in bundles called “ creation units. ” the trust, on behalf of the etf series, shall create and redeem etf shares of each etf series only in creation units principally in kind for portfolio securities of the particular etf series ( “ deposit securities ” ), as more fully described in the current prospectus and statement of additional information of the trust, included in its registration statement on form s - 1, no 333 - 199190 ; and as authorized under the order of exemption filed with the securities and exchange commission. only brokers or dealers that are “ authorized participants ” and that have entered into an authorized participant agreement with the distributor, acting on behalf of the trust, shall be authorized to create and redeem etf shares in creation units from the trust. the trust wishes to engage fund services to perform certain services on behalf of the trust with respect to the creation and redemption of etf shares, as the trust ’ s agent, namely : to provide transfer agent services for etf shares of each etf series ; to act as index receipt agent ( as such term is defined in the rules of the national securities clearing corporation ) with respect to the settlement of trade orders with authorized participants ; and to provide custody services under the terms of the custody agreement, as supplemented hereby, for the settlement of creation units against deposit securities and / or cash that shall be delivered by authorized participants in exchange for etf shares and the redemption of etf shares in