SCHEDULE A
SCHEDULE A
to the
INVESTMENT SUB-ADVISORY AGREEMENT
Dated July 25, 2018 between
DEFIANCE ETFS, LLC
and
PENSERRA CAPITAL MANAGEMENT LLC
and
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 greater of (1) the minimum annual fee or (2) the daily aggregate net assets of the Funds listed below in accordance with the following fee schedule:
Fund
|
Minimum
Annual Fee |
Rate
|
Defiance Future Tech ETF
|
$20,000
|
0.05% on the first $500 million in aggregate net assets
0.04% on the next $500 million in aggregate net assets;
0.03% on the next $1 billion in aggregate net assets; and
0.02% on aggregate net assets in excess of $2 billion
|
Defiance Vehicle & Technology Innovators ETF
|
$15,000
|
|
Defiance Quantum ETF
|
$15,000
|
|
Defiance Next Gen Connectivity ETF
|
$15,000
|
|
Defiance Junior Robotics ETF
|
$15,000
|
|
Defiance Junior Cyber Security ETF
|
$15,000
|
|
Defiance Junior Cloud Computing and Big Data ETF
|
$15,000
|
|
Defiance Junior Biotechnology ETF
|
$15,000
|
|
Defiance Junior Applied AI ETF
|
$15,000
|
|
Defiance Encrypted Software Technologies ETF
|
$15,000
|
[Signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly
authorized officers as of February 20, 2019.
DEFIANCE ETFS, LLC
By: /s/ Xxxxx Xxxxx
Name: Xxxxx Xxxxx
Title: President
|
PENSERRA CAPITAL MANAGEMENT LLC
By: /s/ Xxxxxx Xxxxxxxx
Name: Xxxxxx Xxxxxxxx
Title: Partner / Chief Investment Officer
|
By: /s/ Xxxxxxx X. Xxxxxxxx
Name: Xxxxxxx X. Xxxxxxxx
Title: Vice President
|