SCHEDULE A to the INVESTMENT ADVISORY AGREEMENT Dated May 23, 2012 between ETF SERIES SOLUTIONS and EXCHANGE TRADED CONCEPTS, LLC

SCHEDULE A

to the

INVESTMENT ADVISORY AGREEMENT

Dated May 23, 2012 between

ETF SERIES SOLUTIONS

and

EXCHANGE TRADED CONCEPTS, 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
AlphaClone Alternative Alpha ETF	0.95%
Vident International Equity Fund	0.75%*
Vident Core U.S. Equity Fund	0.55%
Vident Core U.S. Bond Strategy ETF	0.45%
Xxxxx Xxxxxxx-IdealRatings U.S. Large Cap ETF	0.70%
Deep Value ETF	0.80%
Master Income ETF	0.75% on the first $1 billion, 0.70% on the next $1 billion, 0.65% on the next $1 billion, 0.60% on the next $1 billion, 0.55% on the next $1 billion, and 0.50% on net assets greater than $5 billion

* Effective March 1, 2015 the Rate will be reduced to 0.68%.

IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of November 17, 2014.

	ETF SERIES SOLUTIONS, on behalf of each Fund listed on this Schedule A
	By:	/s/ Xxxxxxx X. Xxxxxxxx
		Name: Xxxxxxx X. Xxxxxxxx
		Title: Vice President
	EXCHANGE TRADED CONCEPTS, LLC
	By:	/s/ J. Xxxxxxx Xxxxxxx
		Name: J. Xxxxxxx Xxxxxxx
		Title: Chief Executive Officer

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