0000894189-21-006139 Sample Contracts

ETF SERIES SOLUTIONS INVESTMENT SUB-ADVISORY AGREEMENT with McElhenny Sheffield Capital Management, LLC
Investment Sub-Advisory Agreement • August 27th, 2021 • ETF Series Solutions • Delaware

This INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) is made as of August 26, 2021by and between Aptus Capital Advisors, LLC, an Alabama limited liability company with its principal place of business at 265 Young Street, Fairhope, Alabama, 36532 (the “Adviser”), ETF SERIES SOLUTIONS (the “Trust”), and McElhenny Sheffield Capital Management, LLC a Texas limited liability company with its principal place of business located at 4701 W Lovers Lane, Dallas, Texas 75209 (the “Sub-Adviser”).

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SCHEDULE A to the INVESTMENT ADVISORY AGREEMENT Dated February 18, 2016 between ETF SERIES SOLUTIONS and APTUS CAPITAL ADVISORS, LLC
Investment Advisory Agreement • August 27th, 2021 • ETF Series Solutions

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

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