Common use of LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS Clause in Contracts

LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. Notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund. IN WITNESS WHEREOF, ▇▇▇▇▇▇ ETF TRUST and ▇▇▇▇▇▇ INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written. ▇▇▇▇▇▇ ETF TRUST, on behalf of the series listed on Schedule A By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Executive Vice President, Principal Executive Officer and Compliance Liaison ▇▇▇▇▇▇ INVESTMENT MANAGEMENT, LLC By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ General Counsel and Chief Legal Officer ▇▇▇▇▇▇ FOCUSED LARGE CAP GROWTH ETF ▇▇▇▇▇▇ FOCUSED LARGE CAP VALUE ETF (Effective February 14, 2024) ▇▇▇▇▇▇ SUSTAINABLE FUTURE ETF ▇▇▇▇▇▇ SUSTAINABLE LEADERS ETF ▇▇▇▇▇▇ ETF TRUST By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Executive Vice President, Principal Executive Officer and Compliance Liaison ▇▇▇▇▇▇ INVESTMENT MANAGEMENT, LLC By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ General Counsel and Chief Legal Officer ▇▇▇▇▇▇ FOCUSED LARGE CAP GROWTH ETF: Fee: 0.49% of Average Net Assets (Effective July 1, 2025) ▇▇▇▇▇▇ FOCUSED LARGE CAP VALUE ETF: Fee: 0.55% of Average Net Assets ▇▇▇▇▇▇ SUSTAINABLE FUTURE ETF: Fee:

LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. Notice A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, 52641547_3 officers or shareholders individually but are binding only upon the assets and property of the respective Fund. 52641547_3 IN WITNESS WHEREOF, ▇▇▇▇▇▇ ETF FUNDS TRUST and ▇▇▇▇▇▇ INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written. ▇▇▇▇▇▇ ETF FUNDS TRUST, on behalf of the series listed on Schedule A By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Executive Vice President, Principal Executive Officer Officer, and Compliance Liaison ▇▇▇▇▇▇ INVESTMENT MANAGEMENT, LLC By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ General Counsel and Chief Legal Officer ▇▇▇▇▇▇ FOCUSED LARGE CAP GROWTH ETF ▇▇▇▇▇▇ FOCUSED LARGE CAP VALUE ETF (Effective February 14, 2024) ▇▇▇▇▇▇ SUSTAINABLE FUTURE ETF ▇▇▇▇▇▇ SUSTAINABLE LEADERS ETF ▇▇▇▇▇▇ ETF TRUST By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇Director of Trustee Relations and Authorized Person As amended as of December 1, 2019 ▇▇▇▇▇▇ ▇. ▇DYNAMIC ASSET ALLOCATION EQUITY FUND ▇▇▇▇▇▇ Executive Vice President, Principal Executive Officer and Compliance Liaison DYNAMIC RISK ALLOCATION FUND ▇▇▇▇▇▇ INVESTMENT MANAGEMENT, LLC By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ General Counsel and Chief Legal Officer FLOATING RATE INCOME FUND ▇▇▇▇▇▇ FOCUSED LARGE CAP GROWTH ETF: Fee: 0.49% of Average Net Assets (Effective July 1, 2025) EQUITY FUND ▇▇▇▇▇▇ FOCUSED LARGE CAP VALUE ETF: Fee: 0.55% of Average Net Assets GLOBAL TECHNOLOGY FUND ▇▇▇▇▇▇ SUSTAINABLE FUTURE ETF: FeeINTERMEDIATE-TERM MUNICIPAL INCOME FUND ▇▇▇▇▇▇ MULTI-CAP CORE FUND ▇▇▇▇▇▇ SHORT TERM INVESTMENT FUND ▇▇▇▇▇▇ SHORT-TERM MUNICIPAL INCOME FUND ▇▇▇▇▇▇ ULTRA SHORT DURATION INCOME FUND (effective March 7, 2014) 52641547_3 As amended as of December 1, 2019 ▇▇▇▇▇▇ DYNAMIC ASSET ALLOCATION EQUITY FUND:

LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. Notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund. IN WITNESS WHEREOF, ▇▇▇▇▇▇ ETF TRUST and ▇▇▇▇▇▇ INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written. ▇▇▇▇▇▇ ETF TRUST, on behalf of the series listed on Schedule A By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Executive Vice President, Principal Executive Officer and Compliance Liaison ▇▇▇▇▇▇ INVESTMENT MANAGEMENT, LLC By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ General Counsel and Chief Legal Officer ▇▇▇▇▇▇ FOCUSED LARGE CAP GROWTH BDC INCOME ETF ▇▇▇▇▇▇ FOCUSED LARGE CAP VALUE BIOREVOLUTION ETF (Effective February 14, 2024) ▇▇▇▇▇▇ SUSTAINABLE FUTURE PUTNAM EMERGING MARKETS EX-CHINA ETF ▇▇▇▇▇▇ SUSTAINABLE LEADERS ESG CORE BOND ETF ▇▇▇▇▇▇ ESG HIGH YIELD ETF TRUST By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇ESG ULTRA SHORT ETF ▇▇▇▇▇▇ ▇▇PANAGORA ESG INTERNATIONAL EQUITY ETF ▇▇▇▇▇▇ ▇. ▇PANAGORA ESG EMERGING MARKETS EQUITY ETF ▇▇▇▇▇▇ Executive Vice President, Principal Executive Officer and Compliance Liaison ▇▇▇▇▇▇ INVESTMENT MANAGEMENT, LLC By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ General Counsel and Chief Legal Officer ▇▇▇▇▇▇ FOCUSED LARGE CAP GROWTH BDC INCOME ETF: Fee: 0.49% of Average Net Assets (Effective July 1, 2025) ▇▇▇▇▇▇ FOCUSED LARGE CAP VALUE ETF: Fee: 0.550.75% of Average Net Assets ▇▇▇▇▇▇ SUSTAINABLE FUTURE BIOREVOLUTION ETF: Fee: 0.70% of Average Net Assets PUTNAM EMERGING MARKETS EX-CHINA ETF: Fee: