AMENDMENT NO. 17 DATED MARCH 12, 2013 TO THE PROSHARES TRUST MANAGEMENT SERVICES AGREEMENT DATED DECEMBER 15, 2005, BETWEEN PROSHARES TRUST AND PROSHARE ADVISORS LLC SCHEDULE A TO THE MANAGEMENT SERVICES AGREEMENT BETWEEN PROSHARES TRUST AND PROSHARE...

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AMENDMENT NO. 17 DATED MARCH 12, 2013 TO THE PROSHARES TRUST MANAGEMENT SERVICES AGREEMENT DATED DECEMBER 15, 2005, BETWEEN PROSHARES TRUST AND PROSHARE ADVISORS LLC

SCHEDULE A

TO THE MANAGEMENT SERVICES AGREEMENT

BETWEEN PROSHARES TRUST AND PROSHARE ADVISORS LLC

As of March 12, 2013


NAME OF FUND	COMPENSATION
	(at Annual rate expressed as a percentage of average daily net assets of each Fund)¹
ProShares Ultra S&P500		0.10	%
ProShares Ultra MidCap400		0.10	%
ProShares Ultra Dow30		0.10	%
ProShares Ultra QQQ		0.10	%
ProShares Ultra Russell1000 Value		0.10	%
ProShares Ultra Russell1000 Growth		0.10	%
ProShares Ultra Xxxxxxx XxxXxx Value		0.10	%
ProShares Ultra Xxxxxxx MidCap Growth		0.10	%
ProShares Ultra Russell2000 Value		0.10	%
ProShares Ultra Russell2000 Growth		0.10	%
ProShares Ultra Basic Materials		0.10	%
ProShares Ultra Biotechnology		0.10	%
ProShares Ultra Consumer Goods		0.10	%
ProShares Ultra Consumer Services		0.10	%
ProShares Ultra Financials		0.10	%
ProShares Ultra Health Care		0.10	%
ProShares Ultra Industrials		0.10	%
ProShares Ultra Oil & Gas		0.10	%
ProShares Ultra Precious Metals		0.10	%
ProShares Ultra Real Estate		0.10	%
ProShares Ultra Semiconductors		0.10	%
ProShares Ultra Technology		0.10	%
ProShares Ultra Telecommunications²		0.10	%
ProShares Ultra Utilities		0.10	%
ProShares Ultra Russell1000		0.10	%
ProShares Ultra Xxxxxxx XxxXxx		0.10	%
ProShares Ultra Russell2000		0.10	%
ProShares Ultra SmallCap600		0.10	%
ProShares Ultra S&P Retail		0.10	%
ProShares Ultra MSCI Japan		0.10	%
ProShares Ultra MSCI Emerging Markets		0.10	%
ProShares Ultra MSCI EAFE		0.10	%
ProShares Ultra NASDAQ Biotechnology		0.10	%
ProShares Ultra Telecommunications³		0.10	%
ProShares Ultra FTSE China 25		0.10	%
ProShares Ultra 3-7 Year Treasury		0.10	%
ProShares Ultra 7-10 Year Treasury		0.10	%
ProShares Ultra 20+ Year Treasury		0.10	%
ProShares Ultra High Yield		0.10	%

¹	All fees are computed daily and paid monthly

²	Benchmark Index: Dow Xxxxx U.S. Telecommunications Index

³	Benchmark Index: Dow Xxxxx U.S. Select Telecommunications Index

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NAME OF FUND	COMPENSATION
	(at Annual rate expressed as a percentage of average daily net assets of each Fund)¹
ProShares Ultra Investment Grade Corporate		0.10	%
ProShares Ultra TIPS		0.10	%
ProShares Ultra NASDAQ Composite		0.10	%
ProShares Ultra Aggregate Bond		0.10	%
ProShares Ultra DJ Wilshire Total Market		0.10	%
ProShares Ultra Russell3000		0.10	%
ProShares Ultra MSCI Pacific ex-Japan		0.10	%
ProShares Ultra MSCI Latin America		0.10	%
ProShares Ultra MSCI Europe⁴		0.10	%
ProShares Ultra MSCI BRIC		0.10	%
ProShares Ultra S&P Europe 350		0.10	%
ProShares Ultra MSCI Brazil Capped		0.10	%
ProShares Ultra MSCI Canada		0.10	%
ProShares Ultra MSCI South Korea		0.10	%
ProShares Ultra MSCI Taiwan		0.10	%
ProShares Ultra MSCI Australia		0.10	%
ProShares Ultra MSCI Hong Kong		0.10	%
ProShares Ultra MSCI Mexico Capped IMI		0.10	%
ProShares Ultra KBW Regional Banking		0.10	%
ProShares Ultra Gold Miners		0.10	%
ProShares Short S&P500		0.10	%
ProShares Short MidCap400		0.10	%
ProShares Short Dow30		0.10	%
ProShares Short QQQ		0.10	%
ProShares Short Russell2000		0.10	%
ProShares Short SmallCap600		0.10	%
ProShares Short Russell1000		0.10	%
ProShares Short Russell1000 Value		0.10	%
ProShares Short Russell1000 Growth		0.10	%
ProShares Xxxxx Xxxxxxx XxxXxx Value		0.10	%
ProShares Xxxxx Xxxxxxx MidCap Growth		0.10	%
ProShares Short Russell2000 Value		0.10	%
ProShares Short Russell2000 Growth		0.10	%
ProShares Short Basic Materials		0.10	%
ProShares Short Biotechnology		0.10	%
ProShares Short Consumer Goods		0.10	%
ProShares Short Consumer Services		0.10	%
ProShares Short Financials		0.10	%
ProShares Short Health Care		0.10	%
ProShares Short Industrials		0.10	%
ProShares Short Oil & Gas		0.10	%
ProShares Short Precious Metals		0.10	%
ProShares Short Real Estate		0.10	%
ProShares Short Semiconductors		0.10	%
ProShares Short Technology		0.10	%
ProShares Short Telecommunications²		0.10	%
ProShares Short Telecommunications³		0.10	%
ProShares Short Utilities		0.10	%
ProShares Short NASDAQ Biotechnology		0.10	%
ProShares Xxxxx Xxxxxxx XxxXxx		0.10	%
ProShares Short S&P Retail		0.10	%

¹	All fees are computed daily and paid monthly

²	Benchmark Index: Dow Xxxxx U.S. Telecommunications Index

³	Benchmark Index: Dow Xxxxx U.S. Select Telecommunications Index

⁴	Effective on or after April 15, 2013, the Fund’s name will change to “ProShares Ultra Europe”

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NAME OF FUND	COMPENSATION
	(at Annual rate expressed as a percentage of average daily net assets of each Fund)¹
ProShares Short MSCI Japan		0.10	%
ProShares Short MSCI Emerging Markets		0.10	%
ProShares Short MSCI EAFE		0.10	%
ProShares Short 3-7 Year Treasury		0.10	%
ProShares Short 7-10 Year Treasury		0.10	%
ProShares Short 20+ Year Treasury		0.10	%
ProShares Short 30 Year TIPS/TSY Spread		0.10	%
ProShares Short High Yield		0.10	%
ProShares Short Investment Grade Corporate		0.10	%
ProShares Short TIPS		0.10	%
ProShares Short NASDAQ Composite		0.10	%
ProShares Short Aggregate Bond		0.10	%
ProShares Short DJ Wilshire Total Market		0.10	%
ProShares Short Russell3000		0.10	%
ProShares Short MSCI Pacific ex-Japan		0.10	%
ProShares Short MSCI Latin America		0.10	%
ProShares Short MSCI Europe		0.10	%
ProShares Short MSCI BRIC		0.10	%
ProShares Short S&P Europe 350		0.10	%
ProShares Short MSCI Brazil		0.10	%
ProShares Short MSCI Canada		0.10	%
ProShares Short MSCI South Korea		0.10	%
ProShares Short MSCI Taiwan		0.10	%
ProShares Short MSCI Australia		0.10	%
ProShares Short MSCI Hong Kong		0.10	%
ProShares Short MSCI Mexico Investable Market		0.10	%
ProShares Short KBW Regional Banking		0.10	%
ProShares Short FTSE China 25		0.10	%
ProShares Short Gold Miners		0.10	%
ProShares UltraShort S&P500		0.10	%
ProShares UltraShort MidCap400		0.10	%
ProShares UltraShort Dow30		0.10	%
ProShares UltraShort QQQ		0.10	%
ProShares UltraShort Russell1000		0.10	%
ProShares UltraShort Russell2000		0.10	%
ProShares UltraShort SmallCap600		0.10	%
ProShares UltraShort Russell1000 Value		0.10	%
ProShares UltraShort Russell1000 Growth		0.10	%
ProShares UltraShort Xxxxxxx XxxXxx Value		0.10	%
ProShares UltraShort Xxxxxxx MidCap Growth		0.10	%
ProShares UltraShort Russell2000 Value		0.10	%
ProShares UltraShort Russell2000 Growth		0.10	%
ProShares UltraShort Basic Materials		0.10	%
ProShares UltraShort Biotechnology		0.10	%
ProShares UltraShort Consumer Goods		0.10	%
ProShares UltraShort Consumer Services		0.10	%
ProShares UltraShort Financials		0.10	%
ProShares UltraShort Health Care		0.10	%
ProShares UltraShort Industrials		0.10	%

¹	All fees are computed daily and paid monthly

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NAME OF FUND	COMPENSATION
	(at Annual rate expressed as a percentage of average daily net assets of each Fund)¹
ProShares UltraShort Oil & Gas		0.10	%
ProShares UltraShort Precious Metals		0.10	%
ProShares UltraShort Real Estate		0.10	%
ProShares UltraShort Semiconductors		0.10	%
ProShares UltraShort Technology		0.10	%
ProShares UltraShort Telecommunications²		0.10	%
ProShares UltraShort Utilities		0.10	%
ProShares UltraShort Xxxxxxx XxxXxx		0.10	%
ProShares UltraShort S&P Retail		0.10	%
ProShares UltraShort MSCI Japan		0.10	%
ProShares UltraShort MSCI Emerging Markets		0.10	%
ProShares UltraShort MSCI EAFE		0.10	%
ProShares UltraShort NASDAQ Biotechnology		0.10	%
ProShares UltraShort Telecommunications³		0.10	%
ProShares UltraShort FTSE China 25		0.10	%
ProShares UltraShort 3-7 Year Treasury		0.10	%
ProShares UltraShort 7-10 Year Treasury		0.10	%
ProShares UltraShort 20+ Year Treasury		0.10	%
ProShares UltraShort High Yield		0.10	%
ProShares UltraShort Investment Grade Corporate		0.10	%
ProShares UltraShort TIPS		0.10	%
ProShares UltraShort NASDAQ Composite		0.10	%
ProShares UltraShort Aggregate Bond		0.10	%
ProShares UltraShort DJ Wilshire Total Market		0.10	%
ProShares UltraShort Russell3000		0.10	%
ProShares UltraShort MSCI Pacific ex-Japan		0.10	%
ProShares UltraShort MSCI Latin America		0.10	%
ProShares UltraShort MSCI Europe⁴		0.10	%
ProShares UltraShort MSCI BRIC		0.10	%
ProShares UltraShort S&P Europe 350		0.10	%
ProShares UltraShort MSCI Brazil Capped		0.10	%
ProShares UltraShort MSCI Canada		0.10	%
ProShares UltraShort MSCI South Korea		0.10	%
ProShares UltraShort MSCI Taiwan		0.10	%
ProShares UltraShort MSCI Australia		0.10	%
ProShares UltraShort MSCI Hong Kong		0.10	%
ProShares UltraShort MSCI Mexico Capped IMI		0.10	%
ProShares UltraShort KBW Regional Banking		0.10	%
ProShares UltraShort Gold Miners		0.10	%
ProShares UltraPro S&P500		0.10	%
ProShares UltraPro QQQ		0.10	%
ProShares UltraPro Dow30		0.10	%
ProShares UltraPro Russell2000		0.10	%
ProShares UltraPro MidCap 400		0.10	%
ProShares UltraPro MSCI EAFE		0.10	%
ProShares UltraPro 3-7 Year Treasury		0.10	%
ProShares UltraPro 7-10 Year Treasury		0.10	%

¹	All fees are computed daily and paid monthly

²	Benchmark Index: Dow Xxxxx U.S. Telecommunications Index

³	Benchmark Index: Dow Xxxxx U.S. Select Telecommunications Index

⁴	Effective on or after April 15, 2013, the Fund’s name will change to “ProShares UltraShort Europe”

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NAME OF FUND	COMPENSATION
	(at Annual rate expressed as a percentage of average daily net assets of each Fund)¹
ProShares UltraPro 20+ Year Treasury		0.10	%
[Portions of this schedule have been redacted]
ProShares UltraPro 10 Year TIPS/TSY Spread		0.10	%
[Portions of this schedule have been redacted]
ProShares UltraPro MSCI Emerging Markets		0.10	%
ProShares UltraPro Financials		0.10	%
ProShares UltraPro Oil & Gas		0.10	%
[Portions of this schedule have been redacted]
ProShares UltraPro Short S&P500		0.10	%
ProShares UltraPro Short QQQ		0.10	%
ProShares UltraPro Short Dow30		0.10	%
ProShares UltraPro Short Russell2000		0.10	%
ProShares UltraPro Short MidCap400		0.10	%
ProShares UltraPro Short MSCI EAFE		0.10	%
ProShares UltraPro Short 3-7 Year Treasury		0.10	%
ProShares UltraPro Short 7-10 Year Treasury		0.10	%
ProShares UltraPro Short 20+ Year Treasury		0.10	%
[Portions of this schedule have been redacted]
ProShares UltraPro Short 10 Year TIPS/TSY Spread		0.10	%
ProShares UltraPro Short 30 Year TIPS/TSY Spread		0.10	%
ProShares UltraPro Short MSCI Emerging Markets		0.10	%
ProShares UltraPro Short Financials		0.10	%
ProShares UltraPro Short Oil & Gas		0.10	%
[Portions of this schedule have been redacted]
ProShares Large Cap Core Plus		0.10	%
ProShares RAFI Long/Short		0.10	%
ProShares Hedge Replication ETF		0.10	%
ProShares MSCI Latin America		0.10	%
ProShares MSCI EAFE – 15% Volatility		0.10	%
ProShares MSCI Emerging Markets – 15% Volatility		0.10	%
ProShares Xxxxxxx 2000 – 15% Volatility		0.10	%
ProShares S&P Midcap 400 – 15% Volatility		0.10	%
ProShares NASDAQ 100 – 15% Volatility		0.10	%
ProShares Xxxxxxx 1000 – 15% Volatility		0.10	%
ProShares Dow 30 – 15% Volatility		0.10	%
ProShares Merger ETF		0.10	%
ProShares 30 Year TIPS/TSY Spread		0.10	%
ProShares German Sovereign / Sub-Sovereign ETF		0.10	%
ProShares Sovereign Fiscal Strength ETF		0.10	%
ProShares USD Covered Bond		0.10	%
[Portions of this schedule have been redacted]
ProShares Global Listed Private Equity ETF		0.10	%
ProShares High Yield–Interest Rate Hedged		0.10	%
ProShares Global Direct Infrastructure ETF		0.10	%


PROSHARE ADVISORS LLC,		PROSHARES TRUST,
a Maryland limited liability company		a Delaware statutory trust

By:		By:
	Xxxxxxx X. Xxxxx		Xxxxx X. Xxxxxxx
	Chief Executive Officer		President

¹	All fees are computed daily and paid monthly

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AMENDMENT NO. 17 DATED MARCH 12, 2013 TO THE PROSHARES TRUST MANAGEMENT SERVICES AGREEMENT DATED DECEMBER 15, 2005, BETWEEN PROSHARES TRUST AND PROSHARE ADVISORS LLC SCHEDULE A TO THE MANAGEMENT SERVICES AGREEMENT BETWEEN PROSHARES TRUST AND PROSHARE...

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