Redacted - Fee Schedule has been excluded because it is both (1) not material and (2) would likely cause competitive harm to the registrant if publicly disclosed.
AMENDMENT TO THE
ETF SERIES SOLUTIONS CUSTODY AGREEMENT
THIS AMENDMENT, dated as of the last date in the signature block (the “Effective Date”), 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 Agreement to update Exhibit LL to amend the fee schedule and add the following fund:
•International Vegan Climate ETF
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:
1.Exhibit LL, of the Agreement is hereby superseded and replaced in its entirety with Exhibit LL attached hereto.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/Kristen Weitzel By: /s/Elizabeth Scalf
Name: Kristen Weitzel Name: Elizabeth Scalf
Title: President, ETF Series Solutions Title: Senior Vice President
Date: July 1, 2026 Date: July 2, 2026
Exhibit LL to the ETF Series Solutions Custody Agreement - Beyond Investing, LLC
International Vegan Climate ETF
US Vegan Climate ETF
Annual Base Fees
Based upon the Average Net Assets per Fund
| | | | | | | | |
| Average daily market value of all long securities and cash held | Minimum Fee per Fund |
Custody | [ ] bps | $[ ] /fund plus portfolio transaction fees |
Note: Additional fee of $15,000 for each additional blocker, Controlled Foreign Corporation (CFC), and/or sub-advisor; Additional fee of $10,000 for each intraday NAV calculation in excess of one strike per day. All schedules subject to change depending upon the use of unique security types requiring special pricing or accounting arrangements.
Annual Base Fees include the following services:
•Custody: custody securities and cash; act as foreign custody manager; open and maintain fund custody accounts; disburse moneys, release and deliver securities.
* Fees are calculated pro rata and billed monthly.
Additional Services
Custody Services
Portfolio Transaction Fees1
•$[ ] – Book entry DTC transaction, Federal Reserve transaction, principal paydown
•$[ ] – Repurchase agreement, reverse repurchase agreement, time deposit/CD or other non-depository transaction
•$[ ] – Option/SWAPS/future contract written, exercised or expired
•$[ ] – Mutual fund trade, Margin Variation Wire and outbound Fed wire
•$[ ] – Physical security transaction
•$[ ] – Check disbursement (waived if U.S. Bancorp is Administrator)
•$[ ] Manual instructions fee. (Additional Per Securities and Cash Transactions)
•$[ ] Cancellation/Repair fee. (Additional Per Securities and Cash Transactions)
•$[ ] Per Non-USD wire.
•$[ ] Per 3rd party FX settled at U.S. Bank
•$[ ] Monthly charge on zero valued securities (Per ISIN)
•$[ ] Per Proxy Vote cast.
•$[ ] Dormant account fee (one year no activity)
A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.
1 “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.
Additional Services
•Additional fees apply for global servicing. Fund of Fund expenses quoted separately.
•$[ ] per custody sub – account per year (e.g., per sub –adviser, segregated account, etc.)
•Class Action Processing Service Fee – [ ] % of gross proceeds recovered after settlement of a filed claim, with a maximum cost not to exceed $[ ] .
•No charge for the initial conversion free receipt if fund is converting from another service provider.
•$[ ] per SMA converting into the fund
•Overdrafts – charged to the account at prime interest rate plus [ ] %, unless a line of credit is in place
•Third Party lending - Additional fees will apply
Global Custody Base Fee
A monthly base fee of $[ ] per fund will apply when foreign securities are held. If no global assets are held within a given month, the monthly base charge will not apply for that month. In addition, the follow may apply. Safekeeping and transaction fees are assessed on security and currency transactions.
Global Custody Tax Reclamation Services:
•Global Filing: $[ ] per annum
•U.S. Domestic Filing: $[ ] per annum (Only ADRs)
•3rd Party Tax Service Provider: $[ ] per annum (does not include out of pocket expenses incurred in the fulfillment of requests from the 3rd party)
•Any client who does not elect for U.S. Bank Global Custody/3rd Party Tax Services, but elects to pursue relief themselves, would be charged for out of pocket expenses incurred in the fulfillment of the requests.
Miscellaneous Expenses
•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.
Additional Global Sub-Custodial Services Annual Fee Schedule
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| Country | Safekeeping (BPS) | Transaction fee | Country | Safekeeping (BPS) | Transaction fee | Country | Safekeeping (BPS) | Transaction fee |
| Argentina | [ ] | $[ ] | Hong Kong | [ ] | $[ ] | Poland | [ ] | $[ ] |
| Australia | [ ] | $[ ] | Hungary | [ ] | $[ ] | Portugal | [ ] | $[ ] |
| Austria | [ ] | $[ ] | Iceland | [ ] | $[ ] | Qatar | [ ] | $[ ] |
| Bahrain | [ ] | $[ ] | India | [ ] | $[ ] | Romania | [ ] | $[ ] |
| Bangladesh | [ ] | $[ ] | Indonesia | [ ] | $[ ] | Russia | [ ] | $[ ] |
| Belgium | [ ] | $[ ] | Ireland | [ ] | $[ ] | Saudi Arabia | [ ] | $[ ] |
| Bermuda | [ ] | $[ ] | Israel | [ ] | $[ ] | Serbia | [ ] | $[ ] |
| Botswana | [ ] | $[ ] | Italy | [ ] | $[ ] | Singapore | [ ] | $[ ] |
| Brazil | [ ] | $[ ] | Japan | [ ] | $[ ] | Slovakia | [ ] | $[ ] |
| Bulgaria | [ ] | $[ ] | Jordan | [ ] | $[ ] | Slovenia | [ ] | $[ ] |
| Canada | [ ] | $[ ] | Kenya | [ ] | $[ ] | South Africa | [ ] | $[ ] |
| Chile | [ ] | $[ ] | Kuwait | [ ] | $[ ] | South Korea | [ ] | $[ ] |
| China Connect | [ ] | $[ ] | Latvia | [ ] | $[ ] | Spain | [ ] | $[ ] |
| China (B Shares) | [ ] | $[ ] | Lithuania | [ ] | $[ ] | Sri Lanka | [ ] | $[ ] |
| Colombia | [ ] | $[ ] | Luxembourg | [ ] | $[ ] | Sweden | [ ] | $[ ] |
| Costa Rica | [ ] | $[ ] | Malaysia | [ ] | $[ ] | Switzerland | [ ] | $[ ] |
| Croatia | [ ] | $[ ] | Malta | [ ] | $[ ] | Taiwan | [ ] | $[ ] |
| Cyprus | [ ] | $[ ] | Mauritius | [ ] | $[ ] | Tanzania | [ ] | $[ ] |
| Czech Republic | [ ] | $[ ] | Mexico | [ ] | $[ ] | Thailand | [ ] | $[ ] |
| Denmark | [ ] | $[ ] | Morocco | [ ] | $[ ] | Tunisia | [ ] | $[ ] |
| Egypt | [ ] | $[ ] | Namibia | [ ] | $[ ] | Turkey | [ ] | $[ ] |
| Estonia | [ ] | $[ ] | Netherlands | [ ] | $[ ] | UAE | [ ] | $[ ] |
| Euroclear (Eurobonds) | [ ] | $[ ] | New Zealand | [ ] | $[ ] | Uganda | [ ] | $[ ] |
| Euroclear (Non-Eurobonds) | [ ] | $[ ] | Nigeria | [ ] | $[ ] | Ukraine | [ ] | $[ ] |
| Finland | [ ] | $[ ] | Norway | [ ] | $[ ] | United Kingdom | [ ] | $[ ] |
| France | [ ] | $[ ] | Oman | [ ] | $[ ] | Uruguay | [ ] | $[ ] |
| Germany | [ ] | $[ ] | Pakistan | [ ] | $[ ] | Vietnam | [ ] | $[ ] |
| Ghana | [ ] | $[ ] | Panama | [ ] | $[ ] | West African Economic Monetary Union (WAEMU)* | [ ] | $[ ] |
| Greece | [ ] | $[ ] | Peru | [ ] | $[ ] | Zambia | [ ] | $[ ] |
| | | Philippines | [ ] | $[ ] | Zimbabwe | [ ] | $[ ] |
*Transaction Fee includes: Receive Versus Payment (RVP), Delivery Versus Payment (DVP), FREE REC, and FREE DEL activity related to securities settlement within U.S. Bank sub-custodian network
•Non Eurobonds rate sheet – below rate is applied on ISINs held at Euroclear plus (in addition to standard 1 basis point charge.) Non Eurobond rate is calculated on any ISIN code listed below held at Euroclear at month end.
| | | | | | | | |
| Market | Non Eurobond ISIN code | Non Eurobond Rate ISINs held at EOC* |
| ARGENTINA | AR | [ ] |
| AUSTRALIA | AU | [ ] |
| BELGIUM | BE | [ ] |
| CANADA | CA | [ ] |
| CHILE | CL | [ ] |
| CZECH REPUBLIC | CZ | [ ] |
| DENMARK | DK | [ ] |
| FINLAND | FI | [ ] |
| FRANCE | FR | [ ] |
| GERMANY | DE | [ ] |
| GREECE | GG | [ ] |
| HOLLAND | NL | [ ] |
| HONG KONG | HK | [ ] |
| HUNGARY | HU | [ ] |
| ISRAEL | IL | [ ] |
| ITALY | IT | [ ] |
| JAPAN | JP | [ ] |
| LUXEMBOURG | LU | [ ] |
| MEXICO | MX | [ ] |
| NEWZEALAND | NZ | [ ] |
| NORWAY | NO | [ ] |
| PERU | PE | [ ] |
| POLAND | PL | [ ] |
| PORTUGAL | PT | [ ] |
| ROMANIA | RO | [ ] |
| RUSSIA | RU | [ ] |
| SINGAPORE | SG | [ ] |
| SLOVAK REPUBLIC | SK | [ ] |
| SLOVENIA | SI | [ ] |
| SPAIN | ES | [ ] |
| SOUTH-AFRICA | ZA | [ ] |
| SWEDEN | SE | [ ] |
| SWITZERLAND | CH | [ ] |
| THAILAND | TH | [ ] |
| UNITED KINGDOM | GB | [ ] |
| UNITED STATES | US | [ ] |
Adviser’s signature below acknowledges approval of the schedules on this Exhibit LL.
Beyond Investing, LLC
By: /s/Claire Smith
Name: Claire Smith
Title: CEO
Date: June 8, 2026