Common use of SECURITY EQUITY FUND Clause in Contracts

SECURITY EQUITY FUND. By: James R. Schmank -------------------------------- James R. Schmank, Vice President and Treasurer ATTEST: By: Amy J. Lee -------------------------------- Amy J. Lee, Secretary SECURITY DISTRIBUTORS, INC. By: Richard K Ryan -------------------------------- Richard K Ryan, President ATTEST: Bx: Xxx X. Xxx -------------------------------- Amy J. Lee, Secretary XXXXXMENT TO CLASS B DISTRIBUTION AGREEMENT

SECURITY EQUITY FUND. By: James R. Schmank -------------------------------- James R. Schmank, Vice President and Treasurer ATTEST: By: Amy J. Lee -------------------------------- ------------------------- Amy J. Lee, Secretary SECURITY DISTRIBUTORS, INC. By: Richard K Ryan -------------------------------- Richard K Ryan, President ATTEST: Bx: Xxx X. Xxx -------------------------------- ------------------------- Amy J. Lee, Secretary XXXXXMENT TO CLASS B DISTRIBUTION AGREEMENT

SECURITY EQUITY FUND. By: James R. Schmank -------------------------------- James R. Schmank, Vice President Presidxxx and Treasurer ATTEST: By: Amy J. Lee -------------------------------- ------------------------------- Amy J. Lee, Secretary SECURITY DISTRIBUTORS, INC. By: Richard K Ryan -------------------------------- Richard K Ryan, President ATTESTATTXXX: BxXx: Xxx X. Xxx -------------------------------- J. Lee ------------------------------- Amy J. Lee, Secretary XXXXXMENT AMENDMENT TO CLASS B DISTRIBUTION AGREEMENT

SECURITY EQUITY FUND. By: James R. Schmank -------------------------------- James R. Schmank, Vice President Presidxxx and Treasurer ATTEST: By: Amy J. Lee -------------------------------- ------------------------------- Amy J. Lee, Secretary SECURITY DISTRIBUTORS, INC. By: Richard K Ryan -------------------------------- Richard K Ryan, President ATTESTATTXXX: BxXx: Xxx X. Xxx -------------------------------- Xxy J. Lee ------------------------------- Amy J. Lee, Secretary XXXXXMENT AMENDMENT TO CLASS B DISTRIBUTION AGREEMENT