SCHEDULE A

to the

INVESTMENT SUB-ADVISORY AGREEMENT

Dated July 25, 2018 between

DEFIANCE ETFS, LLC

and

PENSERRA CAPITAL MANAGEMENT LLC

and

ETF SERIES SOLUTIONS

The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, computed daily at an annual rate based on the daily net assets of the respective Fund in accordance with the following fee schedule:

Fund	Rate
Defiance Quantum ETF	0.05% on the first $500 million in aggregate net assets 0.04% on the next $500 million in aggregate net assets; 0.03% on the next $1 billion in aggregate net assets; and 0.02% on aggregate net assets in excess of $2 billion
Defiance Next Gen Connectivity ETF
Defiance Next Gen H2 ETF
Defiance Hotel, Airline, and Cruise ETF

IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of April 6, 2023.

DEFIANCE ETFS, LLC

By: /s/ Paul Dellaquila    

Name: Paul Dellaquila

Title: President

PENSERRA CAPITAL MANAGEMENT LLC

By: /s/ Dustin Lewellyn                

Name: Dustin Lewellyn

Title: Partner / Chief Investment Officer

ETF SERIES SOLUTIONS

By: /s/ Isabella K. Zoller            

Name: Isabella K. Zoller

Title: Secretary