SCHEDULE A

to the

INVESTMENT ADVISORY AGREEMENT

Dated February 18, 2016 between

ETF SERIES SOLUTIONS

and

APTUS CAPITAL ADVISORS, 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
Aptus Drawdown Managed Equity ETF			0.79%
Opus Small Cap Value Fund			0.79%
Aptus Defined Risk ETF			0.69%
Aptus Collared Investment Opportunity ETF			0.79%
Aptus International Enhanced Yield ETF (f/k/a International Drawdown Managed Equity ETF)			0.39%*
McElhenny Sheffield Managed Risk ETF			0.84%
Aptus Enhanced Yield ETF			0.59%
Aptus Large Cap Enhanced Yield ETF			0.39%
Aptus January Buffer ETF			0.25%
Aptus April Buffer ETF			0.25%
Aptus July Buffer ETF			0.25%
Aptus October Buffer ETF			0.25%
Aptus Deferred Income ETF			0.79%
Aptus Large Cap Upside ETF			0.79%
Aptus Laddered Buffer ETF			0.05%
*effective May 1, 2023

[Signatures to follow]

---

IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of December 10, 2025.

ETF SERIES SOLUTIONS, on behalf of each Fund listed on this Schedule A
ETF SERIES SOLUTIONS
By: /s/ Noelle-Nadia A. Filali
Name: Noelle-Nadia A. Filali
Title: Assistant Secretary
ADVISORS ASSET MANAGEMENT, INC.
By: /s/ Brett Wickmann
Name: Brett Wickmann
Title: Chief Compliance Officer