Schedule A to the Sub-Advisory Agreement by and between Exchange Traded Concepts, LLC and Vident Investment Advisory, LLC

Schedule A to the

Sub-Advisory Agreement by and between

Exchange Traded Concepts, LLC and

Vident Investment Advisory, LLC

Updated to include XXX Gold Hedged S&P 500 ETF (GHS) and XXX Gold Hedged FTSE Emerging Markets ETF (GHE).

This Schedule A supplements, but does not replace previously executed versions of Schedule A which govern pricing for other ETFs under the Sub-Advisory Agreement.

Sub-Advisory Fee. Pursuant to Section 4, the Advisor shall pay the Sub-Advisor compensation at an annual rate based on a percentage of the average daily net assets of each Fund as follows:

Fund	Rate	Effective Date
XXX Gold Hedged S&P 500 ETF (GHS	The greater of: 5 bps on first $250 million 4bps on next $250 million 3 bps on assets greater than $500 million or $30,000 annual minimum	January 28, 2016
XXX Gold Hedged FTSE Emerging Markets ETF (GHE)	The greater of: 5 bps on first $250 million 4bps on next $250 million 3 bps on assets greater than $500 million or $30,000 annual minimum	January 28, 2016

AGREED AND ACCEPTED:

ADVISER			SUB-ADVISER
EXCHANGE TRADED CONCEPTS, LLC			VIDENT INVESTMENT ADISORY, LLC
By:	/s/ J. Xxxxxxx Xxxxxxx		By:	/s/ Xxxxxxxx X. Xxxxxxxxxxx
Name:	J. Xxxxxxx Xxxxxxx		Name:	Xxxxxxxx X. Xxxxxxxxxxx
Title:	Chief Executive Officer		Title:	Chief Executive Officer
Date:	January 28, 2016		Date:	January 28, 2016