SCHEDULE A to the INVESTMENT ADVISORY AGREEMENT Dated September 12, 2019 between ETF SERIES SOLUTIONS and CLEARSHARES LLC

SCHEDULE A

to the

INVESTMENT ADVISORY AGREEMENT

Dated September 12, 2019 between

ETF SERIES SOLUTIONS

and

CLEARSHARES LLC

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:

Fund			Rate
ClearShares OCIO ETF			0.55%
ClearShares Ultra-Short Maturity ETF			0.20%
ClearShares Piton Intermediate Fixed Income ETF			0.45%

IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of July 29, 2020.

ETF SERIES SOLUTIONS on behalf of the series listed on Schedule A						CLEARSHARES, LLC
By: /s/ Xxxxxxx X. Xxxxxxxx						By: /s/ Xxxxxx Xxxxxx
Name:    Xxxxxxx X. Xxxxxxxx						Name: Xxxxxx Xxxxxx
Title:    Vice President						Title: Chief Executive Officer