SCHEDULE A to the INVESTMENT SUB-ADVISORY AGREEMENT Dated July 29, 2020 between CLEARSHARES LLC and PITON INVESTMENT MANAGEMENT, LP and ETF SERIES SOLUTIONS

SCHEDULE A

to the

INVESTMENT SUB-ADVISORY AGREEMENT

Dated July 29, 2020 between

CLEARSHARES LLC

and

PITON INVESTMENT MANAGEMENT, LP

and

ETF SERIES SOLUTIONS

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

Fund			Rate
ClearShares Piton Intermediate Fixed Income ETF (PIFI)			0.10%
ClearShares Ultra-Short Maturity ETF (OPER)			0.03%

IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of October 1, 2021.

CLEARSHARES, LLC

By: /s/ Xxxxxx Xxxxxx    

Name: Xxxxxx Xxxxxx

Title: Chief Executive Officer

PITON INVESTMENT MANAGEMENT, LP

By: /s/ Xxxxxxxxxx Xxxxxxxx

Name: Xxxxxxxxxx Xxxxxxxx

Title: Chief Operating Officer

ETF SERIES SOLUTIONS

By: /s/ Xxxxxxx X. Xxxxxxxx

Name: Xxxxxxx X. Xxxxxxxx

Title: Vice President and Secretary