AMENDMENT TO THE ETF SERIES SOLUTIONS CUSTODY AGREEMENT

AMENDMENT TO THE

ETF SERIES SOLUTIONS

CUSTODY AGREEMENT

THIS AMENDMENT to the Custody Agreement, dated as of May 16, 2012, as amended  (the “Agreement”), is entered into by and between ETF SERIES SOLUTIONS, a Delaware statutory trust (the “Trust”), and U.S. Bank National Association, a national banking association (the “Custodian”).

RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the parties desire to amend the series of the Trust to add the PPTY – U.S. Diversified Real Estate ETF and to update the fee schedule; and

WHEREAS, Article XV, Section 15.02 of the Agreement allows for its amendment by a written instrument executed by both parties.

NOW, THEREFORE, the parties agree to amend the Agreement as follows:

            Amended Exhibit E is hereby superseded and replaced with Amended Exhibit E attached hereto.

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year last written below.

ETF SERIES SOLUTIONS	U.S. BANK, N.A.
By: /s/ Xxxxxxx X. Xxxxxxxx	By: /s/ Xxxxxx Xxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxx	Name:  Xxxxxx Xxxxxxxxx
Title:  Vice President and Secretary	Title:   Executive Vice President
Date: March 9, 2018	Date:  March 9, 2018

Vident 1

Amended Exhibit E to the

ETF Series Solutions Custody Agreement

Name of Series

Vident International Equity Fund

Vident Core U.S. Equity Fund

Vident Core U.S. Bond Strategy ETF

PPTY – U.S. Diversified Real Estate ETF

Base fee for USBFS Fund Accounting, Fund Administration, Chief Compliance Officer, Transfer Agent/Shareholder & Account Services, Custody and Distribution at January 2018*

Based on average net assets (i.e. “AUM”) of the ETF, the greater of…

[  ] basis points on the first $[  ] million

[  ] basis points on the balance

Or,

$[  ] (Year 1 [  ]% discount minimum fee of $[  ])

$[  ] (Year 2 [  ]% discounted minimum fee of $[  ])

Domestic Custody Services

Portfolio Transaction Fees

§ $[  ]– Book entry DTC transaction/Federal Reserve transaction/principal paydown

§ $[  ]- Short Sales

§ $[  ]–  US Bank Repo agreement/reverse repurchase agreement/time deposit/CD or other non-

                     depository transaction

§ $[  ]– Option/ SWAPS/future contract written, exercised or expired

§ $[  ]– Mutual fund trade/Fed wire/margin variation Fed wire

§ $[  ]– Physical transaction

§ $[  ]– Check disbursement (waived if U.S. Bancorp is Administrator)

§ $[  ]– Segregated account per year

§ A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.

§ No charge for the initial conversion free receipt.

§ Overdrafts – charged to the account at prime interest rate plus [  ].

Miscellaneous Expenses

All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, SWIFT charges, negative interest charges and extraordinary expenses based upon complexity.

In addition to the fees described above, additional fees may be charged to the extent that changes to applicable laws, rules or regulations require additional work or expenses related to services provided (e.g., compliance with new liquidity risk management and reporting requirements).

² “Sponsor trades” are defined as any trades put through the Portfolio, on behalf of the Fund by any portfolio manager/sub advisor and their affiliates authorized by the BOT to act on behalf of the Fund, outside of the create/redeem process.  Cash-in-Lieu proceeds received as part of the create/redeem process, and their related transactions are not considered to be “Sponsor trades.

Vident 2

Amended Exhibit E (continued) to the

ETF Series Solutions Custody Agreement

Global Custody Services

Country	Instrument	Safekeeping (BPS)	Transaction Fee		Country	Instrument	Safekeeping (BPS)	Transaction Fee
Argentina	All	____	$____		Lebanon	All	____	$____
Australia	All	____	$____		Lithuania	All	____	$____
Austria	All	____	$____		Luxembourg	All	____	$____
Bahrain	All	____	$____		Malaysia	All	____	$____
Bangladesh	All	____	$____		Mali	All	____	$____
Belgium	All	____	$____		Malta	All	____	$____
Benin	All	____	$____		Mauritius	All	____	$____
Bermuda	All	____	$____		Mexico	All	____	$____
Botswana	All	____	$____		Morocco	All	____	$____
Brazil	All	____	$____		Namibia	All	____	$____
Bulgaria	All	____	$____		Netherlands	All	____	$____
Burkina Faso	All	____	$____		New Zealand	All	____	$____
Canada	All	____	$____		Niger	All	____	$____
Cayman Islands*	All	____	$____		Nigeria	All	____	$____
Channel Islands*	All	____	$____		Norway	All	____	$____
Chile	All	____	$____		Oman	All	____	$____
China	All	____	$____		Pakistan	All	____	$____
Columbia	All	____	$____		Peru	All	____	$____
Costa Rica	All	____	$____		Phillipines	All	____	$____
Croatia	All	____	$____		Poland	All	____	$____
Cyprus	All	____	$____		Portugal	All	____	$____
Czech Republic	All	____	$____		Qatar	All	____	$____
Denmark	All	____	$____		Romania	All	____	$____
Ecuador	All	____	$____		Russia	Equities	____	$____
Egypt	All	____	$____		Senegal	All	____	$____
Estonia	All	____	$____		Singapore	All	____	$____
Euromarkets**	All	____	$____		Slovak Republic	All	____	$____
Finland	All	____	$____		Slovenia	All	____	$____
France	All	____	$____		South Africa	All	____	$____
Germany	All	____	$____		South Korea	All	____	$____
Ghana	All	____	$____		Spain	All	____	$____
Greece	All	____	$____		Sri Lanka	All	____	$____
Guinea Bissau	All	____	$____		Swaziland	All	____	$____
Hong Kong	All	____	$____		Sweden	All	____	$____
Hungary	All	____	$____		Switzerland	All	____	$____
Iceland	All	____	$____		Taiwan	All	____	$____
India	All	____	$____		Thailand	All	____	$____
Indonesia	All	____	$____		Togo	All	____	$____
Ireland	All	____	$____		Tunisia	All	____	$____
Israel	All	____	$____		Turkey	All	____	$____
Italy	All	____	$____		UAE	All	____	$____
Ivory Coast	All	____	$____		United Kingdom	All	____	$____
Japan	All	____	$____		Ukraine	All	____	$____
Jordan	All	____	$____		Uruguay	All	____	$____
Kazakhstan	All	____	$____		Venezuela	All	____	$____
Kenya	All	____	$____		Vietnam	All	____	$____
Kuwait	All	____	$____		Zambia	All	____	$____
Latvia	Equities	____	$____		Zimbabwe	All	________	$____

NOTE: MLP Funds pricing may vary from the above annual fees and are TBD per investment strategy

Cash Transactions:

§ 3^rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a 3^rd party will be charged $[  ].

Vident 3

Amended Exhibit E (continued) to the

ETF Series Solutions Custody Agreement

Tax Reclamation Services

Miscellaneous Expenses

§ Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $[  ] per claim.

§ Charges incurred by U.S. Bank, N.A. directly or through sub-custodians for account opening fees, local taxes, stamp duties or other local duties and assessments, stock exchange fees, foreign exchange transactions, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications, recurring administration fees, negative interest charges, overdraft charges or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.

§ A surcharge may be added to certain miscellaneous expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses.  Also, certain expenses are charged at a predetermined flat rate.

§ SWIFT reporting and message fees.

Fees are calculated pro rata and billed monthly

²“Sponsor trades” are defined as any trades put through the Portfolio, on behalf of the Fund by any portfolio manager/sub advisor and their affiliates authorized by the BOT to act on behalf of the Fund, outside of the create/redeem process.  Cash-in-Lieu proceeds received as part of the create/redeem process, and their related transactions are not considered to be “Sponsor trades.”

*Subject to annual CPI increase, Milwaukee MSA.

Fees are calculated pro rata and billed monthly

Advisor’s Signature below acknowledges approval of the domestic and global fee schedule updates on this Amended Exhibit E.

Exchange Traded Concepts, LLC

By: /s/ J. Xxxxxxx Xxxxxxx

Printed Name: J. Xxxxxxx Xxxxxxx

Title:    CEO                                 Date:   3-12-18              

Vident 4