0000894189-14-005834 Sample Contracts

ETF SERIES SOLUTIONS INVESTMENT ADVISORY AGREEMENT with Validea Capital Management, LLC
Investment Advisory Agreement • December 5th, 2014 • ETF Series Solutions • Delaware

This INVESTMENT ADVISORY AGREEMENT (the “Agreement”) is made as of this 17th day of November, 2014 by and between ETF SERIES SOLUTIONS (the “Trust”), a Delaware statutory trust, and VALIDEA CAPITAL MANAGEMENT, LLC, a Connecticut limited liability company with its principal place of business at 363 Ridgewood Road, West Hartford, CT 06107 (the “Adviser”).

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DISTRIBUTION AGREEMENT
Distribution Agreement • December 5th, 2014 • ETF Series Solutions • Delaware

THIS DISTRIBUTION AGREEMENT (the “Agreement’) is made as of this 17th day of November, 2014 between ETF Series Solutions (the “Trust”), a Delaware statutory trust and Quasar Distributors, LLC (the “Distributor”), a Delaware limited liability company. Validea Capital Management, LLC, a Connecticut limited liability company and the investment advisor to the Trust (the “Adviser”), is a party hereto with respect to Article 5 only.

AMENDMENT TO THE ETF SERIES SOLUTIONS FUND ADMINISTRATION SERVICING AGREEMENT
Administration Servicing Agreement • December 5th, 2014 • ETF Series Solutions

THIS AMENDMENT dated as of the 17th day of November, 2014, to the Fund Administration Servicing 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. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

AMENDMENT TO THE ETF SERIES SOLUTIONS CUSTODY AGREEMENT
Etf Series Solutions • December 5th, 2014 • ETF Series Solutions

THIS AMENDMENT dated as of the 17th day of November, 2014, 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").

AMENDMENT TO THE ETF SERIES SOLUTIONS FUND ACCOUNTING SERVICING AGREEMENT
Fund Accounting Servicing Agreement • December 5th, 2014 • ETF Series Solutions

THIS AMENDMENT dated as of the 17th day of November, 2014, to the Fund Accounting Servicing 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. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

AMENDMENT TO THE ETF SERIES SOLUTIONS TRANSFER AGENT SERVICING AGREEMENT
Transfer Agent Servicing Agreement • December 5th, 2014 • ETF Series Solutions

THIS AMENDMENT dated as of the 17th day of November, 2014, to the Transfer Agent Servicing 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. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company ("USBFS").

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