Revised Schedule A
(1) Effective as of the Amendment Date, with respect to the Fund listed below, the investment management fee shall be accrued daily and calculated in accordance with the following schedule:
| Average Daily Net Assets | Annual Rate |
| For the first $2.5 billion | 0.95000% |
| For the next $2.5 billion | 0.92625% |
| For the next $2.5 billion | 0.90250% |
| For the next $2.5 billion | 0.87875% |
| For the amount over $10 billion | 0.85500% |
| Fund | Ticker | Effective Date of Agreement |
| First Trust Long/Short Equity ETF | FTLS | August 26, 2014 |
(2) Effective as of the Amendment Date, with respect to the Fund listed below, the investment management fee shall be accrued daily and calculated in accordance with the following schedule:
| Average Daily Net Assets | Annual Rate |
| For the first $2.5 billion | 0.85000% |
| For the next $2.5 billion | 0.82875% |
| For the next $2.5 billion | 0.80750% |
| For the next $2.5 billion | 0.78625% |
| For the amount over $10 billion | 0.76500% |
| Fund | Ticker | Effective Date of Agreement |
| First Trust Emerging Markets Local Currency Bond ETF | FEMB | November 4, 2014 |