SCHEDULE A
to the
INVESTMENT SUB-ADVISORY AGREEMENT
Dated July 25, 2018 between
DEFIANCE ETFS, LLC
and
PENSERRA CAPITAL MANAGEMENT LLC
and
ETF SERIES SOLUTIONS
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 daily net assets of the respective Fund in accordance with the following fee schedule:
| | | | | |
| Fund | Rate |
Defiance Quantum ETF | 0.0375% |
Defiance Connective Technologies ETF |
Defiance Drone and Modern Warfare ETF | 0.0375%, $15k annual minimum |
IN WITNESS WHEREOF, the parties hereto have caused this Schedule A to be signed on their behalf by their duly authorized officers as of July 10, 2025.
| | |
DEFIANCE ETFS, LLC By: /s/ Jacob Ingram Name: Jacob Ingram Title: President |
PENSERRA CAPITAL MANAGEMENT LLC By: /s/ Dustin Lewellyn Name: Dustin Lewellyn Title: Partner / Chief Investment Officer |
ETF SERIES SOLUTIONS By: /s/ Noelle-Nadia A. Filali Name: Noelle-Nadia A. Filali Title: Assistant Secretary |