ConvexityShares Trust: M&A transaction — ConvexityShares Trust sponsor replaced from ConvexityShares LLC to Teucrium Trading LLC effective July 3, 2023

In connection with the Sponsor Replacement, and as of the Effective Date, Melinda Ho, Joseph W. Ferraro III and Simon Ho, each officers of ConvexityShares, no longer perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal financial officer and accounting officer, chief compliance officer and principal executive officer, respectively.

In connection with the Sponsor Replacement, and as of the Effective Date, Melinda Ho, Joseph W. Ferraro III and Simon Ho, each officers of ConvexityShares, no longer perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal financial officer and accounting officer, chief compliance officer and principal executive officer, respectively.

In connection with the Sponsor Replacement, and as of the Effective Date, Melinda Ho, Joseph W. Ferraro III and Simon Ho, each officers of ConvexityShares, no longer perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal financial officer and accounting officer, chief compliance officer and principal executive officer, respectively.

As of the Effective Date, Sal Gilbertie, Cory Mullen-Rusin, and Steve Kahler, officers of Teucrium, will perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal executive officer, principal financial and accounting officer, and chief operating officer, respectively.

As of the Effective Date, Sal Gilbertie, Cory Mullen-Rusin, and Steve Kahler, officers of Teucrium, will perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal executive officer, principal financial and accounting officer, and chief operating officer, respectively.

As of the Effective Date, Sal Gilbertie, Cory Mullen-Rusin, and Steve Kahler, officers of Teucrium, will perform certain functions with respect to the Trust that, if the Trust had executive officers, would typically be performed by the principal executive officer, principal financial and accounting officer, and chief operating officer, respectively.

Effective July 3, 2023, Teucrium and the Trustee executed the Amended Trust Agreement. The Amended Trust Agreement establishes Teucrium as the Trust’s sponsor, and contains other clarifying amendments.

nd the concurrent appointment of Teucrium Trading LLC (“Teucrium”) as successor sponsor to the Trust (the “Sponsor

the Trust has entered into agreements with ConvexityShares, Teucrium and various service providers of the Trust, on behalf of ConvexityShares Daily 1.5x SPIKES Futures ETF and ConvexityShares 1x SPIKES Futures ETF (each a “Fund” and together, the “Funds”). These agreements reflect the transfer of the role of sponsor of the Trust from Convexity to Teucrium. The new agreements, each dated July 3, 2023, are listed below, and attached as exhibits hereto: 1. Amended and Restated Declaration of Trust and Trust Agreement (the “Amended Trust Agreement”) between Teucrium and Wilmington Trust National Association (the “Trustee”).