Exhibit (g)(3)
AMENDMENT TO CUSTODIAN AND TRANSFER AGENT AGREEMENT
THIS AMENDMENT TO CUSTODIAN AND TRANSFER AGENT AGREEMENT (this “Amendment”) is made as of February 3, 2026 by and between Exchange Listed Funds Trust (the “Fund”) in respect of each of its separate series listed on Appendix A thereto (each, a Portfolio), and Brown Brothers Harriman & Co. (the “Custodian”). All capitalized terms used but not defined herein shall have the meanings set forth in the Agreement.
WHEREAS, the Fund and the Custodian entered into a Custodian and Transfer Agent Agreement, dated as of December 13, 2023, as amended and supplemented from time to time (the “Agreement”); and
Whereas, the Fund and the Custodian desire to make certain modifications to the terms of the Agreement as further detailed herein;
NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties, each of the Funds and the Custodian hereby agree as follows:
1. Appendix A to the Agreement is hereby deleted in its entirety and replaced with the attached Appendix A.
2. All terms and provisions of the Agreement are hereby ratified and affirmed as of the date hereof and are hereby extended to give effect to the terms hereof.
3. Except as expressly modified hereby, the Agreement shall continue in full force and effect in accordance with its terms and conditions.
4. This Amendment may be executed in any number of counterparts each of which shall be deemed to be an original, but all of which together shall constitute one and the same Amendment. Delivery of an executed counterpart of this Amendment by facsimile transmission or other electronic mail transmission (e.g. “.pdf” or “.tif”) shall be effective as delivery of a manually executed counterpart of this Amendment.
5. This Amendment shall be construed in accordance the governing law and exclusive jurisdiction provisions of the Agreement.
[Signature Page Follows]
IN WITNESS WHEREOF, each of the undersigned parties has executed this Amendment to Custodian and Transfer Agent Agreement effective as of the date first above written.
| BROWN BROTHERS HARRIMAN & CO. | ||
| By: | /s/ Kate Ahalt | |
| Name: | Kate Ahalt | |
| Title: | Managing Director | |
| Date: | 6 February 2026 | |
| EXCHANGE LISTED FUNDS TRUST | ||
| By: | /s/ Richard Malinowski | |
| Name: | Richard Malinowski | |
| Title: | President | |
| Date: | 2/6/2026 | |
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APPENDIX A
TO
CUSTODIAN AND TRANSFER AGENT AGREEMENT
BETWEEN
EXCHANGE LISTED FUNDS TRUST
and
BROWN BROTHERS HARRIMAN & CO.
EFFECTIVE DATE: February 3, 2026
The following is a list of Funds/Portfolios for which Brown Brothers Harriman & Co. (“BBH”) shall serve as custodian and transfer agent pursuant to and in accordance with the Custodian and Transfer Agent Agreement dated December 13, 2023, between BBH and Exchange Listed Funds Trust:
ARMOR Core Risk-Managed ETF
Bancreek U.S. Large Cap ETF
Bancreek International Large Cap ETF
Bancreek Global Select ETF
Climate Global – Climate Resilient REIT Index ETF
ETC Cabana Target Beta ETF
ETC Cabana Target Drawdown 10 ETF
ETC Cabana Target Leading Sector Moderate ETF
LG QRAFT AI-Powered US Large Cap Core ETF
Long Pond Real Estate Select ETF
QRAFT AI-Enhanced U.S. Large Cap ETF
QRAFT AI-Enhanced U.S. Large Cap Momentum ETF
Saba Closed-End Funds ETF
Stratified LargeCap Hedged ETF
Stratified LargeCap Index ETF
PLUS Korea Defense Industry Index ETF
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IN WITNESS WHEREOF, each of the parties hereto has caused this Appendix A to be executed in its name.
| BROWN BROTHERS HARRIMAN & CO. | ||
| By: | /s/ Kate Ahalt | |
| Name: | Kate Ahalt | |
| Title: | Managing Director | |
| Date: | 6 February 2026 | |
| EXCHANGE LISTED FUNDS TRUST | ||
| By: | /s/ Richard Malinowski | |
| Name: | Richard Malinowski | |
| Title: | President | |
| Date: | 2/6/2026 | |
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