AMENDMENT #7 to DOMESTIC CUSTODY AGREEMENT
Exhibit (g)(1)
AMENDMENT #7 to DOMESTIC CUSTODY AGREEMENT
AMENDMENT #7 (the “Amendment”) dated as of June 10, 2008 between PROSHARES TRUST (“ProShares”) and JPMORGAN CHASE BANK, N.A. (“Bank”).
WHEREAS, ProShares and the Bank have entered into a Domestic Custody Agreement dated as of May 25, 2006, as amended on January 19, 2007, February 16, 2007, September 18, 2007, December 10, 2007, January 25, 2008 and March 12, 2008 (the “Agreement”), and
1. Certain Definitions. Unless otherwise defined herein, capitalized terms used herein have the meanings specified in or pursuant to the Agreement.
2. Amendments.
(a) Exhibit 1 of the Agreement is hereby amended by replacing it in its entirety with Exhibit 1 annexed hereto.
(b) Schedule A of the Agreement is hereby amended by replacing it in its entirety with Schedule A annexed hereto.
3. Except as specifically amended hereby, all of the terms and conditions of the Agreement shall continue to be in full force and effect and shall be binding upon the parties in accordance with their respective terms.
4. Each of the parties hereby represents and warrants that:
(a) the representations and warranties contained in the Agreement are true on and as of the date hereof as if made by the party on and as of said date, and
(b) the execution, delivery and performance of this Amendment are within the party’s corporate power and have been duly authorized by all necessary corporate action, and this Amendment constitutes the legal, valid and binding obligation of the party in accordance with its terms.
5. This Amendment may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.
Exhibit (g)(1)
6. This Amendment shall be construed in accordance with and be governed by the laws of the State of New York (without reference to choice of law doctrine).
/s/ Xxxxx Xxxxxxx | ||
Name: | Xxxxx Xxxxxxx | |
Title: | President |
JPMORGAN CHASE BANK, N.A.
/s/ Xxxxx X. Xxxxx | ||
Name: | Xxxxx X. Xxxxx | |
Title: | Executive Director |
Exhibit (g)(1)
EXHIBIT 1
PROSHARES TRUST PORTFOLIOS
THAT ARE PARTIES TO THIS DOMESTIC CUSTODY AGREEMENT
Short S&P 500 ProShares
Short QQQ ProShares
Short Dow 30 ProShares
Short MidCap ProShares
UltraShort S&P 500 ProShares
UltraShort QQQ ProShares
UltraShort Dow 30 ProShares
UltraShort MidCap ProShares
Ultra S&P 500 ProShares
Ultra QQQ ProShares
Ultra Dow 30 ProShares
Ultra MidCap ProShares
Ultra SmallCap600 ProShares
Ultra Russell2000 ProShares
Short SmallCap600 ProShares
Short Russell2000 ProShares
UltraShort SmallCap600 ProShares
UltraShort Russell2000 ProShares
Ultra Basic Materials ProShares
Ultra Consumer Goods ProShares
Ultra Consumer Services ProShares
Ultra Financials ProShares
Ultra Health Care ProShares
Ultra Industrials ProShares
Ultra Oil & Gas ProShares
Ultra Real Estate ProShares
Ultra Semiconductors ProShares
Ultra Technology ProShares
Ultra Utilities ProShares
UltraShort Basic Materials ProShares
UltraShort Consumer Goods ProShares
UltraShort Consumer Services ProShares
UltraShort Financials ProShares
UltraShort Health Care ProShares
UltraShort Industrials ProShares
UltraShort Oil & Gas ProShares
UltraShort Real Estate ProShares
Exhibit (g)(1)
UltraShort Semiconductors ProShares
UltraShort Technology ProShares
UltraShort Utilities ProShares
Ultra Russell1000 Value ProShares
Ultra Russell1000 Growth ProShares
Ultra MidCap Value ProShares
Ultra MidCap Growth ProShares
Ultra Russell2000 Value ProShares
Ultra Russell2000 Growth ProShares
UltraShort Russell1000 Value ProShares
UltraShort Russell1000 Growth ProShares
UltraShort MidCap Growth ProShares
UltraShort MidCap Value ProShares
UltraShort Russell2000 Value ProShares
UltraShort Russell2000 Growth ProShares
Short MSCI Emerging Markets ProShares
Short MSCI EAFE ProShares
UltraShort MSCI Emerging Markets ProShares
UltraShort MSCI Japan ProShares
UltraShort MSCI EAFE ProShares
UltraShort FTSE/Xinhua China 25 ProShares
UltraShort Xxxxxx 7-10 Year U.S. Treasury ProShares
UltraShort Xxxxxx 20+ Year U.S. Treasury ProShares
Ultra Telecommunications ProShares
UltraShort Telecommunications ProShares
Short Financials ProShares
Short Oil & Gas ProShares
Exhibit (g)(1)
SCHEDULE A
FEE SCHEDULE
FOR
CUSTODY AND AGENCY SERVICES
from
JPMORGAN CHASE BANK, N.A.
A. Domestic Custody Core Service Fees
Market Value Fees |
Annual Fee | |
All domestic assets |
||
First $2 billion |
2.50 bp | |
Over $2 billion |
1.00 bp |
U.S. Market Transaction Charges |
Per Transaction | ||
DTC non-Xxxxxxx index funds |
$ | 5.00 | |
DTC Xxxxxxx index funds |
$ | 3.50 | |
Fed Book Entry |
$ | 5.00 | |
Physical Transactions |
$ | 12.00 | |
Futures/Options |
$ | 12.00 | |
Wire Transfers |
$ | 8.00 |
B. Out-of-Pocket Fees (Custody Only)
The Trust shall reimburse JPMorgan for all reasonable out-of-pocket expenses incurred on its behalf.
Exhibit (g)(1)
FEE SCHEDULE (continued)
FOR
CUSTODY AND AGENCY SERVICES
C. Agency Services
JPMorgan shall be entitled to receive transaction fees from Authorized Participants (APs) according to the following schedule.
Fixed fee schedule charged to create or redeem Creation Units regardless of number of units redeemed or created for an order:
Ultra S&P500@ ProShares |
$ | 2,500 | |
Short S&P500@ ProShares |
$ | 500 | |
UltraShort S&P500@ ProShares |
$ | 500 | |
Ultra QQQ@ ProShares |
$ | 500 | |
Short QQQ@ ProShares |
$ | 500 | |
UltraShort QQQ@ ProShares |
$ | 500 | |
Ultra Dow30SM ProShares |
$ | 500 | |
Short Dow30SM ProShares |
$ | 500 | |
UltraShort Dow30SM ProShares |
$ | 500 | |
Ultra MidCap400 ProShares |
$ | 2,000 | |
Short MidCap400 ProShares |
$ | 500 | |
UltraShort MidCap400 ProShares |
$ | 500 | |
Ultra Xxxxxxx 2000® ProShares |
$ | 3,500 | |
Xxxxx Xxxxxxx 2000® ProShares |
$ | 500 | |
UltraShort Xxxxxxx 2000® ProShares |
$ | 500 | |
Ultra SmallCap600 ProShares |
$ | 3,000 | |
Short SmallCap600 ProShares |
$ | 500 | |
UltraShort SmallCap600 ProShares |
$ | 500 |
Exhibit (g)(1)
Ultra Xxxxxxx 1000@ Value ProShares |
$ | 3,055 | |
Xxxxx Xxxxxxx 1000@ Value ProShares |
$ | 500 | |
UltraShort Xxxxxxx 1000@ Value ProShares |
$ | 500 | |
Ultra Xxxxxxx 1000@ Growth ProShares |
$ | 3,415 | |
Xxxxx Xxxxxxx 1000@ Growth ProShares |
$ | 500 | |
UltraShort Xxxxxxx 1000@ Growth ProShares |
$ | 500 | |
Ultra Xxxxxxx MidcapTM Value ProShares |
$ | 2,405 | |
Xxxxx Xxxxxxx MidcapTM Value ProShares |
$ | 500 | |
UltraShort Xxxxxxx MidcapTM Value ProShares |
$ | 500 | |
Ultra Xxxxxxx MidcapTM Growth ProShares |
$ | 2,695 | |
Xxxxx Xxxxxxx MidcapTM Growth ProShares |
$ | 500 | |
UltraShort Xxxxxxx MidcapTM Growth ProShares |
$ | 500 | |
Ultra Xxxxxxx 2000@ Value ProShares |
$ | 3,500 | |
Xxxxx Xxxxxxx 2000@ Value ProShares |
$ | 500 | |
UltraShort Xxxxxxx 2000@ Value ProShares |
$ | 500 | |
Ultra Xxxxxxx 2000@ Growth ProShares |
$ | 3,500 | |
Xxxxx Xxxxxxx 2000@ Growth ProShares |
$ | 500 | |
UltraShort Xxxxxxx 2000@ Growth ProShares |
$ | 500 | |
Ultra Basic Materials ProShares |
$ | 500 | |
Short Basic Materials ProShares |
$ | 500 | |
UltraShort Basic Materials ProShares |
$ | 500 | |
Ultra Consumer Goods ProShares |
$ | 755 | |
Short Consumer Goods ProShares |
$ | 500 | |
UltraShort Consumer Goods ProShares |
$ | 500 | |
Ultra Consumer Services ProShares |
$ | 1,265 |
Exhibit (g)(1)
Short Consumer Services ProShares |
$ | 500 | |
UltraShort Consumer Services ProShares |
$ | 500 | |
Ultra Financials ProShares |
$ | 1,555 | |
Short Financials ProShares |
$ | 500 | |
UltraShort Financials ProShares |
$ | 500 | |
Ultra Health Care ProShares |
$ | 800 | |
Short Health Care ProShares |
$ | 500 | |
UltraShort Health Care ProShares |
$ | 500 | |
Ultra Industrials ProShares |
$ | 1,355 | |
Short Industrials ProShares |
$ | 500 | |
UltraShort Industrials ProShares |
$ | 500 | |
Ultra Oil & Gas ProShares |
$ | 500 | |
Short Oil & Gas ProShares |
$ | 500 | |
UltraShort Oil & Gas ProShares |
$ | 500 | |
Ultra Real Estate ProShares |
$ | 500 | |
Short Real Estate ProShares |
$ | 500 | |
UltraShort Real Estate ProShares |
$ | 500 | |
Ultra Semiconductors ProShares |
$ | 500 | |
Short Semiconductors ProShares |
$ | 500 | |
UltraShort Semiconductors ProShares |
$ | 500 | |
Ultra Technology ProShares |
$ | 1,105 | |
Short Technology ProShares |
$ | 500 | |
UltraShort Technology ProShares |
$ | 500 | |
Ultra Utilities ProShares |
$ | 500 | |
Short Utilities ProShares |
$ | 500 |
Exhibit (g)(1)
UltraShort Utilities ProShares |
$ | 500 | |
Short MSCI Emerging Markets ProShares |
$ | 500 | |
Short MSCI EAFE ProShares |
$ | 500 | |
UltraShort MSCI Emerging Markets ProShares |
$ | 500 | |
UltraShort MSCI Japan ProShares |
$ | 500 | |
UltraShort MSCI EAFE ProShares |
$ | 500 | |
UltraShort FTSE/Xinhua China 25 ProShares |
$ | 500 | |
UltraShort Xxxxxx Brothers 7-10 Year U.S. Treasury ProShares |
$ | 500 | |
UltraShort Xxxxxx Brothers 20+ Year U.S. Treasury ProShares |
$ | 500 | |
UltraShort iBoxx $ Investment Grade ProShares |
$ | 500 | |
UltraShort iBoxx $ High Yield ProShares |
$ | 500 | |
Ultra FTSE/Xinhua China 25 ProShares |
$ | 500 | |
Ultra MSCI Japan ProShares |
$ | 500 | |
Ultra Telecommunications ProShares |
$ | 500 | |
UltraShort Telecommunications ProShares |
$ | 500 |
Additional Transaction Fees.
An additional charge of up to three (3) times the normal creation redemption fee (for a total charge of up to four (4) times the normal creation redemption fee) will be collected with respect to transactions effected by Authorized Participants outside the Clearing Process.