TWELFTH AMENDMENT TO DIREXION SHARES ETF TRUST DISTRIBUTION AGREEMENT
Exhibit (e)(i)(l)
TWELFTH AMENDMENT TO
This Twelfth Amendment (the “Amendment”) to the Direxion Shares ETF Trust Distribution Agreement (the “Agreement”) dated as of the 31st day of March 2009, as amended from time to time, by and between Direxion Shares ETF Trust (the “Trust”) and Foreside Fund Services, LLC (the “Distributor”) is entered into as of July 28, 2014 (the “Effective Date”).
WHEREAS, WHEREAS, Direxion Shares ETF Trust (the “Trust”) and the Distributor desire to amend Appendix A of the Agreement to reflect the addition of Direxion iBillionaire Index ETF, Direxion Daily 7-10 Year Treasury Bull 2X Shares, Direxion Daily Small Cap Bull 2X Shares, and Direxion Daily Mid Cap Bull 2X Shares and;
WHEREAS, pursuant to Section 8(c) no provision of the Agreement may be changed, waived, discharged or terminated except by an instrument in writing and signed by the parties.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Trust and Distributor hereby agree as follows:
1. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Agreement.
2. As of the Effective Date, Appendix A to the Agreement is hereby amended and restated as provided on Exhibit A attached hereto.
3. Except as expressly amended hereby, all of the provisions of the Agreement shall remain unamended and in full force and effect to the same extent as if fully set forth herein.
4. This Amendment shall be governed by, and the provisions of this Amendment shall be construed and interpreted under and in accordance with, the laws of the State of Delaware.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and delivered as of the Effective Date.
| DIREXION SHARES ETF TRUST | FORESIDE FUND SERVICES, LLC | |||||||
| By: | /s/ Xxxxxx X’Xxxxx |
By: | /s/ Xxxx Xxxxxxxxx | |||||
| Xxxxxx X’ Xxxxx, President | Xxxx Xxxxxxxxx, President | |||||||
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Exhibit A
Appendix A
| List of Funds |
| SPECIALTY FUNDS |
| Direxion Daily Energy Bull 3X Shares |
| Direxion Daily Energy Bear 3X Shares |
| Direxion Daily Financial Bull 3X Shares |
| Direxion Daily Financial Bear 3X Shares |
| Direxion Daily Technology Bull 3X Shares |
| Direxion Daily Technology Bear 3X Shares |
| Direxion Daily Real Estate Bull 3X Shares |
| Direxion Daily Real Estate Bear 3X Shares |
| Direxion Zacks MLP High Income Shares |
| FIXED INCOME BOND FUNDS |
| Direxion Daily 7-10 Year Treasury Bear 1X Shares |
| Direxion Daily 7-10 Year Treasury Bull 3X Shares |
| Direxion Daily 7-10 Year Treasury Bear 3X Shares |
| Direxion Daily 20+ Year Treasury Bear 1X Shares |
| Direxion Daily 20+ Year Treasury Bull 3X Shares |
| Direxion Daily 20+ Year Treasury Bear 3X Shares |
| Direxion Daily Total Bond Market Bear 1X Shares |
| Direxion Daily 7-10 Year Treasury Bull 2X Shares |
| DOMESTIC EQUITY INDEX FUNDS |
| Direxion Daily Mid Cap Bull 3X Shares |
| Direxion Daily Mid Cap Bear 3X Shares |
| Direxion Daily S&P 500® Bull 3X Shares |
| Direxion Daily S&P 500® Bear 3X Shares |
| Direxion Daily Small Cap Bull 3X Shares |
| Direxion Daily Small Cap Bear 3X Shares |
| Direxion Daily Total Market Bear 1X Shares |
| Direxion All Cap Insider Sentiment Shares |
| Direxion NASDAQ-100® Equal Weighted Index Shares |
| Direxion S&P 500® DRCC Volatility Response Shares |
| Direxion Daily S&P 500® Bull 2X Shares |
| Direxion iBillionaire Index ETF |
| Direxion Daily Mid Cap Bull 2X Shares |
| Direxion Daily Small Cap Bull 2X Shares |
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| SECTOR FUNDS |
| Direxion Daily Basic Materials Bull 3X Shares |
| Direxion Daily Gold Miners Bull 3X Shares |
| Direxion Daily Gold Miners Bear 3X Shares |
| Direxion Daily Healthcare Bull 3X Shares |
| Direxion Daily Natural Gas Related Bull 3X Shares |
| Direxion Daily Natural Gas Related Bear 3X Shares |
| Direxion Daily Retail Bull 3X Shares |
| Direxion Daily Semiconductor Bull 3X Shares |
| Direxion Daily Semiconducator Bear 3X Shares |
| Direxion Daily Junior Gold Miners Index Bull 3X Shares |
| Direxion Daily Junior Gold Miners Index Bear 3X Shares |
| INTERNATIONAL FUNDS |
| Direxion Daily Brazil Bull 3X Shares |
| Direxion Daily Brazil Bear 3X Shares |
| Direxion Daily FTSE China Bull 3X Shares |
| Direxion Daily FTSE China Bear 3X Shares |
| Direxion Daily Developed Markets Bull 3X Shares |
| Direxion Daily Developed Markets Bear 3X Shares |
| Direxion Daily Emerging Markets Bull 3X Shares |
| Direxion Daily Emerging Markets Bear 3X Shares |
| Direxion Daily India Bull 3X Shares |
| Direxion Daily South Korea Bull 3X Shares |
| Direxion Daily South Korea Bear 3X Shares |
| Direxion Daily Latin America Bull 3X Shares |
| Direxion Daily Russia Bull 3X Shares |
| Direxion Daily Russia Bear 3X Shares |
| Direxion Daily Japan Bull 3X Shares |
| Direxion Daily Japan Bear 3X Shares |
| Direxion Daily FTSE Europe Bull 3X Shares |
| Direxion Daily FTSE Europe Bear 3X Shares |
| POOLS |
| Direxion Daily Gold Bull 3X Shares |
| Direxion Daily Gold Bear 3X Shares |
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