0000894189-16-008308 Sample Contracts

ETF SERIES SOLUTIONS INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • March 17th, 2016 • ETF Series Solutions • Delaware

This INVESTMENT ADVISORY AGREEMENT (the "Agreement") is made as of this [ ] day of [ ], 2016 by and between ETF SERIES SOLUTIONS (the "Trust"), a Delaware statutory trust, and Aptus Capital Advisors, LLC, an Alabama limited liability company with its principal place of business at 407 Johnson Avenue, Fairhope, Alabama 36532 (the "Adviser").

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ETF SERIES SOLUTIONS INVESTMENT SUB-ADVISORY AGREEMENT with Penserra Capital Management, LLC
Investment Sub-Advisory Agreement • March 17th, 2016 • ETF Series Solutions • Delaware

This INVESTMENT SUB-ADVISORY AGREEMENT (the "Agreement") is made as of this [ ] day of [ ], 2016 by and between APTUS CAPITAL ADVISORS, LLC, an Alabama limited liability company with its principal place of business at 407 Johnson Avenue, Fairhope, Alabama 36532 (the "Adviser"), ETF SERIES SOLUTIONS (the "Trust"), and PENSERRA CAPITAL MANAGEMENT, LLC, a New York Limited Liability Company with its principal place of business located at 140 Broadway, 46th Floor, New York, New York 10005 (the "Sub-Adviser").

DISTRIBUTION AGREEMENT
Distribution Agreement • March 17th, 2016 • ETF Series Solutions • Delaware

THIS DISTRIBUTION AGREEMENT (the "Agreement') is made as of this 18th day of February, 2016 between ETF Series Solutions (the "Trust"), a Delaware statutory trust and Quasar Distributors, LLC (the "Distributor"), a Delaware limited liability company. Aptus Capital Advisors, LLC, a limited liability company and the investment advisor to the Trust (the "Adviser"), is a party hereto with respect to Article 5 only.

AMENDMENT TO THE ETF SERIES SOLUTIONS FUND ACCOUNTING SERVICING AGREEMENT
Fund Accounting Servicing Agreement • March 17th, 2016 • ETF Series Solutions

THIS AMENDMENT dated as of the 18th day of February, 2016, to the Fund Accounting Servicing Agreement, dated as of May 16, 2012, as amended (the "Agreement"), is entered into by and between ETF SERIES SOLUTIONS, a Delaware statutory trust (the "Trust") and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

AMENDMENT TO THE ETF SERIES SOLUTIONS FUND ADMINISTRATION SERVICING AGREEMENT
Administration Servicing Agreement • March 17th, 2016 • ETF Series Solutions

THIS AMENDMENT dated as of the 18th day of February, 2016, to the Fund Accounting Servicing Agreement, dated as of May 16, 2012, as amended (the "Agreement"), is entered into by and between ETF SERIES SOLUTIONS, a Delaware statutory trust (the "Trust") and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

AMENDMENT TO THE ETF SERIES SOLUTIONS CUSTODY AGREEMENT
Etf Series Solutions Custody Agreement • March 17th, 2016 • ETF Series Solutions

THIS AMENDMENT dated as of the 18th day of February, 2016, to the Custody Agreement, dated as of May 16, 2012, as amended (the "Agreement"), is entered into by and between ETF SERIES SOLUTIONS, a Delaware statutory trust (the "Trust") and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the "Custodian").

AMENDMENT TO THE ETF SERIES SOLUTIONS TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • March 17th, 2016 • ETF Series Solutions

THIS AMENDMENT dated as of the 18th day of February, 2016, to the Transfer Agent Servicing Agreement, dated as of May 16, 2012, as amended (the "Agreement"), is entered into by and between ETF SERIES SOLUTIONS, a Delaware statutory trust (the "Trust") and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

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