Common use of Optional Tax Services Clause in Contracts

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] per year Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] per additional estimate State tax returns - (First two included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] Prepare Federal and State extensions (If Applicable) – Included in the return fees Prepare provision estimates – $[ ] Per estimate State Tax Returns Prepare state income tax returns for funds and blocker entities – $[ ] per state return Sign state income tax returns – $[ ] per state return Assist in filing state income tax returns – Included with preparation of returns State tax notice consultative support and resolution – $[ ] per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthly

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] per year Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] per additional estimate State tax returns - (First two included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] Prepare Federal and State extensions (If Applicable) – Included in the return fees Prepare provision estimates – $[ ] Per estimate State Tax Returns Prepare state income tax returns for funds and blocker entities – $[ ] per state return − Sign state income tax returns – $[ ] per state return Assist in filing state income tax returns – Included with preparation of returns State tax notice consultative support and resolution – $[ ] per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthly

Optional Tax Services. ▪ Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] per year ▪ Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] per additional estimate ▪ State tax returns - (First two included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns ▪ Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] ▪ Prepare Federal and State extensions (If Applicable) – Included in the return fees ▪ Prepare provision estimates – $[ ] Per estimate State Tax Returns ▪ Prepare state income tax returns for funds and blocker entities – $[ ] per state return • Sign state income tax returns – $[ ] per state return Assist in filing state income tax returns – Included with preparation of returns ▪ State tax notice consultative support and resolution – $[ ] per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthly

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] ]per year Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] ]per additional estimate State tax returns - (First two included in core services) – $[ ] ]per additional return Tax Reporting – C-Corporations Federal Tax Returns Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] Prepare Federal and State extensions (If Applicable) – Included in the return fees Prepare provision estimates – $[ ] ]Per estimate State Tax Returns Prepare state income tax returns for funds and blocker entities – $[ ] ]per state return Sign state income tax returns – $[ ] ]per state return Assist in filing state income tax returns – Included with preparation of returns State tax notice consultative support and resolution – $[ ] ]per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthlymonthly Advisor’s signature is not needed. Aptus Capital Advisors, LLC signed the fee schedule proposal, dated January 18, 2021.

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] per year Additional Capital Gain Dividend Estimates – (First two [ ] included in core services) – $[ ] per additional estimate State tax returns - (First two [ ] included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] Prepare Federal and State extensions (If Applicable) – Included in the return fees Prepare provision estimates – $[ ] Per estimate State Tax Returns Prepare state income tax returns for funds and blocker entities – $[ ] per state return Sign state income tax returns – $[ ] per state return Assist in filing state income tax returns – Included with preparation of returns State tax notice consultative support and resolution – $[ ] per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthly

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] per year • Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] per additional estimate • State tax returns - (First two [ ] included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns • Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] • Prepare Federal and State extensions (If Applicable) – Included in the return fees • Prepare provision estimates – $[ ] Per estimate State Tax Returns • Prepare state income tax returns for funds and blocker entities – $[ ] per state return • Sign state income tax returns – $[ ] per state return Assist in filing state income tax returns – Included with preparation of returns • State tax notice consultative support and resolution – $[ ] per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthly

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] per year • Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] per additional estimate • State tax returns - (First two included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns • Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] • Prepare Federal and State extensions (If Applicable) – Included in the return fees • Prepare provision estimates – $[ ] Per estimate State Tax Returns • Prepare state income tax returns for funds and blocker entities – $[ ] per state return − Sign state income tax returns – $[ ] per state return Assist in filing state income tax returns – Included with preparation of returns • State tax notice consultative support and resolution – $[ ] per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthly

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] ]per year Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] ]per additional estimate State tax returns - (First two included in core services) – $[ ] ]per additional return Tax Reporting – C-Corporations Federal Tax Returns Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] Prepare Federal and State extensions (If Applicable) – Included in the return fees Prepare provision estimates – $[ ] ]Per estimate State Tax Returns Prepare state income tax returns for funds and blocker entities – $[ ] ]per state return Sign state income tax returns – $[ ] ]per state return Assist in filing state income tax returns – Included with preparation of returns State tax notice consultative support and resolution – $[ ] ]per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthlymonthly Advisor’s Signature is not needed. Aptus Capital Advisors, LLC signed the fee schedule proposal, dated January 18, 2021.

Optional Tax Services. The Base Fee includes the following core tax services: M-1 book-to-tax adjustments at fiscal and excise year-end, prepare tax footnotes in conjunction with fiscal year-end audit, Prepare Form 1120-RIC federal income tax return and relevant schedules, Prepare Form 8613 and relevant schedules, Prepare Form 1099-MISC Forms, Prepare Annual TDF FBAR (Foreign Bank Account Reporting) filing, Prepare state returns (Limited to two) and Capital Gain Dividend Estimates (Limited to two). Additional services excluded from the Base Fee are: ■ Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] 5,000 per year ■ Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] 1,000 per additional estimate ■ State tax returns - (First two included in core services) – $[ ] 1,500 per additional return Tax Reporting – C-Corporations Federal Tax Returns ■ Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] 25,000 ■ Prepare Federal and State extensions (If Applicable) – Included in the return fees ■ Prepare provision estimates – $[ ] 2,000 Per estimate State Tax Returns ■ Prepare state income tax returns for funds and blocker entities – $[ ] 1,500 per state return − Sign state income tax returns – $[ ] 2,000 per state return − Assist in filing state income tax returns – Included with preparation of returns ■ State tax notice consultative support and resolution – $[ ] 1,000 per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthlymonthly Exhibit C to the Fund Administration Servicing Agreement REQUIRED PROVISIONS OF DATA SERVICE PROVIDERS ● The Trust shall use the Data solely for internal purposes and will not redistribute the Data in any form or manner to any third party, except as may otherwise be expressly agreed to by the Data Provider. ● The Trust will not use or permit anyone else to use the Data in connection with creating, managing, advising, writing, trading, marketing or promoting any securities or financial instruments or products, including, but not limited to, funds, synthetic or derivative securities (e.g., options, warrants, swaps, and futures), whether listed on an exchange or traded over the counter or on a private-placement basis or otherwise or to create any indices (custom or otherwise). ● The Trust shall will treat the Data as proprietary to the Data Provider. Further, the Trust shall acknowledge that the Data Provider is the sole and exclusive owners of the Data and all trade secrets, copyrights, trademarks and other intellectual property rights in or to the Data. ● The Trust will not (i) copy any component of the Data, (ii) alter, modify or adapt any component of the Data, including, but not limited to, translating, decompiling, disassembling, reverse engineering or creating derivative works, or (iii) make any component of the Data available to any other person or organization (including, without limitation, the Trust’s present and future parents, subsidiaries or affiliates) directly or indirectly, for any of the foregoing or for any other use, including, without limitation, by loan, rental, service bureau, external time sharing or similar arrangement. ● The Trust shall reproduce on all permitted copies of the Data all copyright, proprietary rights and restrictive legends appearing on the Data. ● The Trust shall assume the entire risk of using the Data and shall agree to hold the Data Providers harmless from any claims that may arise in connection with any use of the Data by the Trust. ● The Trust acknowledges that the Data Providers may, in their sole and absolute discretion and at any time, terminate USBGFS’ right to receive and/or use the Data. ● The Trust acknowledges and agrees that the Data Providers are third party beneficiaries of the agreements between the Data Providers and USBGFS with respect to the provision of the Data, entitled to enforce all provisions of such agreement relating to the Data. ● THE DATA IS PROVIDED TO THE TRUST ON AN “AS IS” BASIS. USBGFS, ITS INFORMATION PROVIDERS, AND ANY OTHER THIRD PARTY INVOLVED IN OR RELATED TO THE MAKING OR COMPILING OF THE DATA MAKE NO REPRESENTATION OR WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, WITH RESPECT TO THE DATA (OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF). USBGFS, ITS INFORMATION PROVIDERS AND ANY OTHER THIRD PARTY INVOLVED IN OR RELATED TO THE MAKING OR COMPILING OF THE DATA EXPRESSLY DISCLAIM ANY AND ALL IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY, COMPLETENESS, NON-INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. ● THE TRUST ASSUMES THE ENTIRE RISK OF ANY USE THE TRUST MAY MAKE OF THE DATA. IN NO EVENT SHALL USBGFS, ITS INFORMATION PROVIDERS OR ANY THIRD PARTY INVOLVED IN OR RELATED TO THE MAKING OR COMPILING OF THE DATA, BE LIABLE TO THE TRUST, OR ANY OTHER THIRD PARTY, FOR ANY DIRECT OR INDIRECT DAMAGES, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, LOST SAVINGS OR OTHER INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THIS AGREEMENT OR THE INABILITY OF THE TRUST TO USE THE DATA, REGARDLESS OF THE FORM OF ACTION, EVEN IF USBGFS, ANY OF ITS INFORMATION PROVIDERS, OR ANY OTHER THIRD PARTY INVOLVED IN OR RELATED TO THE MAKING OR COMPILING OF THE DATA HAS BEEN ADVISED OF OR OTHERWISE MIGHT HAVE ANTICIPATED THE POSSIBILITY OF SUCH DAMAGES.

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] ]per year Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] ]per additional estimate State tax returns - (First two included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] Prepare Federal and State extensions (If Applicable) – Included in the return fees Prepare provision estimates – $[ ] ]Per estimate State Tax Returns Prepare state income tax returns for funds and blocker entities – $[ ] ]per state return Sign state income tax returns – $[ ] ]per state return Assist in filing state income tax returns – Included with preparation of returns State tax notice consultative support and resolution – $[ ] ]per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthlymonthly Aptus Exhibit M (continued) to the ETF Series Solutions Fund - Administration Servicing Agreement Fund Start-up & Registration Services Project Fee Schedule Regulatory Administration Service Proposal – In support of external legal counsel (Subject to services provided; if applicable) $[ ] per project – one fund $[ ] per project – two funds $[ ] per project – three funds $[ ] per project – four funds Negotiated Fee – five funds and above Additional fee of $[ ] per sub-adviser for 2 or more sub-advisers Note: External legal costs are included in the above fee, unless otherwise stated, for the first fund(s) launched by adviser. Additional reviews by Trust counsel for extraordinary circumstances are billed at cost. Fund startup and registration services project fee is paid for by the advisor and not the Fund(s). This non-refundable fee is not able to be recouped by the advisor under the expense waiver limitation or similar agreement. Fund startup and registration fees are billed [ ]% following the selection of U.S. Bank and [ ]% 75 days after the preliminary registration statement is filed with the SEC filings. Additional Regulatory Administration Services Subsequent new fund launch – $[ ]per fund or as negotiated Drafting SEC exemptive order application for required relief Negotiated fee Ongoing Annual Regulatory Administration Services Add the following for regulatory administration services in support of external legal counsel, including annual registration statement update and drafting of supplements $[ ]for first three funds in same statutory prospectus Funds 4+ $[ ]per fund for funds in the same statutory prospectus All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Postage, if necessary Federal and state regulatory filing fees Expenses from Board of Trustee meetings Third party auditing XXXXX/XBRL filing All other Miscellaneous expenses Fund startup and registration services project fee is paid for by the advisor and not the Fund(s). This fee is not able to be recouped by the advisor under the expense waiver limitation or similar agreement. Fund startup and registration fees are billed [ ]% following the selection of U.S. Bank and [ ]% 75 days after the preliminary registration statement is filed with the SEC filings. Aptus Capital Advisors By: /s/Xxxx Xxxxxxxxxx Printed Name: Xxxx Xxxxxxxxxx Title: Facilitator Date: 12/20/2023

Optional Tax Services. ▪ Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – - $[ ] _ per year ▪ Additional Capital Gain Dividend Estimates – - (First two included in core services) – - $[ ] _ per additional estimate ▪ State tax returns - (First two included in core services) – - $[ ] _ per additional return Tax Reporting – - C-Corporations Federal Tax Returns ▪ Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – - $[ ] _ ▪ Prepare Federal and State extensions (If Applicable) – - Included in the return fees ▪ Prepare provision estimates – - $[ ] _ Per estimate State Tax Returns ▪ Prepare state income tax returns for funds and blocker entities – - $[ ] _ per state return • Sign state income tax returns – - $[ ] _ per state return Assist in filing state income tax returns – - Included with preparation of returns ▪ State tax notice consultative support and resolution – - $[ ] _ per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthlymonthly Exhibit 3 (continued) to the Trust for Advised Portfolios Fund Administration Servicing Agreement Fund Start-up & Registration Services Project Fee Schedule Regulatory Administration Service Proposal - In support of external legal counsel (Subject to services provided; if applicable) $_ per project - one fund $_ per project - two funds $_ per project - three funds $_ per project - four funds Negotiated Fee - five funds and above Additional fee of $_ per sub-adviser for 2 or more sub-advisers Note: External legal costs are included in the above fee, unless otherwise stated, for the first fund(s) launched by adviser. Additional reviews by Trust counsel for extraordinary circumstances are billed at cost. Additional Regulatory Administration Services ▪ Subsequent new fund launch - $_ per fund or as negotiated ▪ Drafting SEC exemptive order application for required relief Negotiated fee Ongoing Annual Regulatory Administration Services Add the following for regulatory administration services in support of external legal counsel, including annual registration statement update and drafting of supplements ▪ $_ for first three funds in same statutory prospectus ▪ Fees negotiated for funds 4+ All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: ▪ Postage, if necessary ▪ Federal and state regulatory filing fees ▪ Expenses from Board of Trustee meetings ▪ Third party auditing ▪ EXXXX/XBRL filing ▪ All other Miscellaneous expenses Fund startup and registration services project fee is paid for by the advisor and not the Fund(s). This fee is not able to be recouped by the advisor under the expense waiver limitation or similar agreement. Fund startup and registration fees are billed 50% following the selection of U.S. Bank and 50% 75 days after the preliminary registration statement is filed with the SEC filings.

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] per year • Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] per additional estimate • State tax returns - (First two [ ] included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns • Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] • Prepare Federal and State extensions (If Applicable) – Included in the return fees • Prepare provision estimates – $[ ] Per estimate State Tax Returns • Prepare state income tax returns for funds and blocker entities – $[ ] per state return • Sign state income tax returns – $[ ] per state return Assist in filing state income tax returns – Included with preparation of returns • State tax notice consultative support and resolution – $[ ] per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthlymonthly Aptus Exhibit M (continued) to the ETF Series Solutions Fund - Administration Servicing Agreement Fund Start-up & Registration Services Project Fee Schedule Regulatory Administration Service Proposal – In support of external legal counsel (Subject to services provided; if applicable) $[ ] per project – [ ] fund $[ ] per project – [ ] funds $[ ] per project – [ ] funds $[ ] per project – [ ] funds Negotiated Fee – [ ] funds and above Additional fee of $[ ] per sub-adviser for [ ] or more sub-advisers Note: External legal costs are included in the above fee, unless otherwise stated, for the [ ] fund(s) launched by adviser. Additional reviews by Trust counsel for extraordinary circumstances are billed at cost. Fund startup and registration services project fee is paid for by the advisor and not the Fund(s). This non-refundable fee is not able to be recouped by the advisor under the expense waiver limitation or similar agreement. Fund startup and registration fees are billed [ ]% following the selection of U.S. Bank and [ ]% [ ] days after the preliminary registration statement is filed with the SEC filings. Additional Regulatory Administration Services • Subsequent new fund launch – $[ ] per fund or as negotiated • Drafting SEC exemptive order application for required relief Negotiated fee Ongoing Annual Regulatory Administration Services Add the following for regulatory administration services in support of external legal counsel, including annual registration statement update and drafting of supplements • $[ ] for first [ ] funds in same statutory prospectus • Fees negotiated for funds [ ]+ All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: • Postage, if necessary • Federal and state regulatory filing fees • Expenses from Board of Trustee meetings • Third party auditing • XXXXX/XBRL filing • All other Miscellaneous expenses Fund startup and registration services project fee is paid for by the advisor and not the Fund(s). This fee is not able to be recouped by the advisor under the expense waiver limitation or similar agreement. Fund startup and registration fees are billed [ ]% following the selection of U.S. Bank and [ ]% [ ] days after the preliminary registration statement is filed with the SEC filings.

Optional Tax Services. The Base Fee includes the following core tax services: M-1 book-to-tax adjustments at fiscal and excise year-end, prepare tax footnotes in conjunction with fiscal year-end audit, Prepare Form 1120-RIC federal income tax return and relevant schedules, Prepare Form 8613 and relevant schedules, Prepare Form 1099-MISC Forms, Prepare Annual TDF FBAR (Foreign Bank Account Reporting) filing, Prepare state returns (Limited to two) and Capital Gain Dividend Estimates (Limited to two). Additional services excluded from the Base Fee are: ■ Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] 5,000 per year ■ Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] 1,000 per additional estimate ■ State tax returns - (First two included in core services) – $[ ] 1,500 per additional return Tax Reporting – C-Corporations Federal Tax Returns ■ Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] 25,000 ■ Prepare Federal and State extensions (If Applicable) – Included in the return fees ■ Prepare provision estimates – $[ ] 2,000 Per estimate State Tax Returns ■ Prepare state income tax returns for funds and blocker entities – $[ ] 1,500 per state return − Sign state income tax returns – $[ ] 2,000 per state return − Assist in filing state income tax returns – Included with preparation of returns ■ State tax notice consultative support and resolution – $[ ] 1,000 per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthly

Optional Tax Services. ▪ Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – - $[ ] _ per year ▪ Additional Capital Gain Dividend Estimates – - (First two included in core services) – - $[ ] _ per additional estimate ▪ State tax returns - (First two included in core services) – - $[ ] _ per additional return Tax Reporting – - C-Corporations Federal Tax Returns ▪ Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – - $[ ] _ ▪ Prepare Federal and State extensions (If Applicable) – - Included in the return fees ▪ Prepare provision estimates – - $[ ] _ Per estimate State Tax Returns ▪ Prepare state income tax returns for funds and blocker entities – - $[ ] _ per state return • Sign state income tax returns – - $[ ] _ per state return Assist in filing state income tax returns – - Included with preparation of returns ▪ State tax notice consultative support and resolution – - $[ ] _ per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthly

Optional Tax Services. Prepare ■ $[ ] - per year, to prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – ■ $[ ] - per year additional estimate for Additional Capital Gain Dividend Estimates – (First two included in core services) – ■ $[ ] - per additional estimate return, State tax returns - (First two included in core services) – $[ ] per additional return Tax Reporting – - MLP C-Corporations Federal Tax Returns ■ $[ ] - To Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] ■ Prepare Federal and State extensions (If Applicable) – - Included in the return fees ■ $[ ] - per estimate, To Prepare provision estimates – State Tax Returns ■ $[ ] Per estimate - per fund, State Tax Returns tax notice consultative support and resolution ■ $[ ] - per state return, To Prepare state income tax returns for funds and blocker entities – • $[ ] ]- per state return return, Sign state income tax returns – $[ ] per state return • Assist in filing state income tax returns – - Included with preparation of returns State tax notice consultative support Fund Chief Compliance Officer (CCO) Services Annual Fee Schedule ■ $[ ] for the first fund (subject to Board approval) ■ $[ ] for each additional fund 2-5 (subject to change based on Board review and resolution – approval) ■ $[ ] for each fund over 5 funds ■ $[ ] per sub-adviser per fund Miscellaneous Expenses All other miscellaneous (capped at $[ ] per sub-adviser over the fund complex) ■ $[ ] per external distributor ■ For more than one fund, fees will be aggregated and expensesallocated equally. ■ $[ ] - onboarding fee • Per adviser relationship, including but and subject to change based upon board review and approval. Additional services not limited included above shall be mutually agreed upon at the time of the service being added. In addition to the followingfees described above, will additional fees may be separately billed as incurred: Portfolio Composition File (PCF) management servicescharged to the extent that changes to applicable laws, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and including travel reporting requirements). • Subject to and from Board of Trustee meetingsannual CPI increase - All Urban Consumers - U.S. City Average" index, third party auditing and legal expenses, wash sales reporting provided that the CPI adjustment will not decrease the base fees (GainsKeepereven if the cumulative CPI rate at any point in time is negative), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthlymonthly Advisor’s Signature below acknowledges approval of the Fund Administration fee schedules on this Exhibit O. Geneva Capital Management LLC By: ______________________________ Printed Name: ______________________ Title: ______________________________ Date: ______________________________

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] per year Additional Capital Gain Dividend Estimates – (First two [ ] included in core services) – $[ ] per additional estimate State tax returns - (First two [ ]included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] Prepare Federal and State extensions (If Applicable) – Included in the return fees Prepare provision estimates – $[ ] Per estimate State Tax Returns Prepare state income tax returns for funds and blocker entities – $[ ] per state return Sign state income tax returns – $[ ] per state return Assist in filing state income tax returns – Included with preparation of returns State tax notice consultative support and resolution – $[ ] per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthlymonthly Aptus Exhibit M (continued) to the ETF Series Solutions Fund - Administration Servicing Agreement Fund Start-up & Registration Services Project Fee Schedule Regulatory Administration Service Proposal – In support of external legal counsel (Subject to services provided; if applicable) $[ ] per project – [ ] fund $[ ] per project – [ ] funds $[ ] per project – [ ] funds $[ ] per project – [ ] funds Negotiated Fee – [ ] funds and above Additional fee of $[ ] per sub-adviser for [ ] or more sub-advisers Note: External legal costs are included in the above fee, unless otherwise stated, for the [ ] fund(s) launched by adviser. Additional reviews by Trust counsel for extraordinary circumstances are billed at cost. Fund startup and registration services project fee is paid for by the advisor and not the Fund(s). This non-refundable fee is not able to be recouped by the advisor under the expense waiver limitation or similar agreement. Fund startup and registration fees are billed [ ]% following the selection of U.S. Bank and [ ]% [ ] days after the preliminary registration statement is filed with the SEC filings. Additional Regulatory Administration Services Subsequent new fund launch – $[ ] per fund or as negotiated Drafting SEC exemptive order application for required relief Negotiated fee Ongoing Annual Regulatory Administration Services Add the following for regulatory administration services in support of external legal counsel, including annual registration statement update and drafting of supplements $[ ] for [ ] funds in same statutory prospectus Fees negotiated for funds [ ]+ All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Postage, if necessary Federal and state regulatory filing fees Expenses from Board of Trustee meetings Third party auditing XXXXX/XBRL filing All other Miscellaneous expenses Fund startup and registration services project fee is paid for by the advisor and not the Fund(s). This fee is not able to be recouped by the advisor under the expense waiver limitation or similar agreement. Fund startup and registration fees are billed [ ]% following the selection of U.S. Bank and [ ]% [ ] days after the preliminary registration statement is filed with the SEC filings.

Optional Tax Services. Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] per year Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] per additional estimate State tax returns - (First two included in core services) – $[ ] per additional return Tax Reporting – C-Corporations Federal Tax Returns Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] Prepare Federal and State extensions (If Applicable) – Included in the return fees Prepare provision estimates – $[ ] Per estimate State Tax Returns Prepare state income tax returns for funds and blocker entities – $[ ] per state return − Sign state income tax returns – $[ ] per state return Assist in filing state income tax returns – Included with preparation of returns State tax notice consultative support and resolution – $[ ] per fund Miscellaneous Expenses Fees are calculated pro rata and billed monthly Fund Start-up & Registration Services Project Fee Schedule Regulatory Administration Service Proposal – In support of external legal counsel (Subject to services provided; if applicable) $[ ] per project – one fund $[ ] per project – two funds $[ ] per project – three funds $[ ] per project – four funds Negotiated Fee – five funds and above Additional fee of $[ ] per sub-adviser for 2 or more sub-advisers Note: External legal costs are included in the above fee, unless otherwise stated, for the first fund(s) launched by adviser. Additional reviews by Trust counsel for extraordinary circumstances are billed at cost. Fund startup and registration services project fee is paid for by the advisor and not the Fund(s). This non-refundable fee is not able to be recouped by the advisor under the expense waiver limitation or similar agreement. Fund startup and registration fees are billed [ ]% following the selection of U.S. Bank and [ ]% 75 days after the preliminary registration statement is filed with the SEC filings. Additional Regulatory Administration Services Subsequent new fund launch – $[ ] per fund or as negotiated Drafting SEC exemptive order application for required relief Negotiated fee Ongoing Annual Regulatory Administration Services Add the following for regulatory administration services in support of external legal counsel, including annual registration statement update and drafting of supplements $[ ] for first three funds in same statutory prospectus Fees negotiated for funds 4+ All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management servicesPostage, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXX/XBRL filing, retention of records, federal if necessary Federal and state regulatory filing fees, expenses related to and including travel to and fees Expenses from Board of Trustee meetings, third meetings Third party auditing XXXXX/XBRL filing All other Miscellaneous expenses Fund startup and legal expensesregistration services project fee is paid for by the advisor and not the Fund(s). This non-refundable fee is not able to be recouped by the advisor under the expense waiver limitation or similar agreement. Fund startup and registration fees are billed [ ]% following the selection of U.S. Bank and [ ]% 75 days after the preliminary registration statement is filed with the SEC filings. Adviser’s acknowledged and signed fee schedule proposal, wash sales reporting (GainsKeeper)dated August 6, tax e-filing2020 and signed August 10, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthly2020.

Optional Tax Services. The Base Fee includes the following core tax services: M-1 book-to-tax adjustments at fiscal and excise year-end, prepare tax footnotes in conjunction with fiscal year-end audit, Prepare Form 1120-RIC federal income tax return and relevant schedules, Prepare Form 8613 and relevant schedules, Prepare Form 1099-MISC Forms, Prepare Annual TDF FBAR (Foreign Bank Account Reporting) filing, Prepare state returns (Limited to two) and Capital Gain Dividend Estimates (Limited to two). Additional services excluded from the Base Fee are: ■ Prepare book-to-tax adjustments & Form 5471 for Controlled Foreign Corporations (CFCs) – $[ ] 5,000 per year ■ Additional Capital Gain Dividend Estimates – (First two included in core services) – $[ ] 1,000 per additional estimate ■ State tax returns - (First two included in core services) – $[ ] 1,500 per additional return Tax Reporting – C-Corporations Federal Tax Returns ■ Prepare corporate Book to tax calculation, average cost analysis and cost basis role forwards, and federal income tax returns for investment fund (Federal returns & 1099 Breakout Analysis) – $[ ] 25,000 ■ Prepare Federal and State extensions (If Applicable) – Included in the return fees ■ Prepare provision estimates – $[ ] 2,000 Per estimate State Tax Returns ■ Prepare state income tax returns for funds and blocker entities – $[ ] 1,500 per state return − Sign state income tax returns – $[ ] 2,000 per state return − Assist in filing state income tax returns – Included with preparation of returns ■ State tax notice consultative support and resolution – $[ ] 1,000 per fund Miscellaneous Expenses All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: Portfolio Composition File (PCF) management services, SWIFT processing, customized reporting, third-party data provider costs (including GICS, MSCI, Lipper, etc.), postage, stationary, programming, special reports, proxies, insurance, XXXXXEXXXX/XBRL filing, retention of records, federal and state regulatory filing fees, expenses related to and including travel to and from Board of Trustee meetings, third party auditing and legal expenses, wash sales reporting (GainsKeeper), tax e-filing, PFIC monitoring, conversion expenses (if necessary), and travel related costs. Fees are calculated pro rata and billed monthlymonthly Exhibit C to the Fund Transfer Agent Servicing Agreement “As of” Processing Policy USBGFS will reimburse each Fund for any Net Material Loss that may exist on the Fund’s books and for which USBGFS is responsible, at the end of each calendar month. “Net Material Loss” shall be defined as any remaining loss, after netting losses against any gains, which impacts a Fund’s net asset value per share by at least ½ cent. Gains and losses will be reflected on the Fund’s daily share sheet, and the Fund will be reimbursed for any net material loss on a monthly basis. USBGFS will reset the “as of” ledger each calendar month so that any losses which do not exceed the materiality threshold of ½ cent will not be carried forward to the next succeeding month. USBGFS will notify the adviser to the Fund on the daily share sheet of any losses for which the adviser may be held accountable.