0000891092-11-000346 Sample Contracts

DISTRIBUTION SERVICES AGREEMENT Registered Commodity Pools
Distribution Services Agreement • January 21st, 2011 • FactorShares 2X: Gold Bull/S&p500 Bear • Commodity contracts brokers & dealers • New York

This Distribution Services Agreement (the “Agreement”) is made this 12th day of August 2010, by and among each Delaware statutory trust set forth on Exhibit A attached hereto (each a “Fund” and collectively, the “Funds”), each having its principal place of business at 1 Penn Plaza, 36th Floor, New York, NY 10119, Foreside Fund Services, LLC, a Delaware limited liability company (the “Distributor”), having its principal place of business at Three Canal Plaza, Suite 100, Portland, ME 04101, and Factor Capital Management, LLC, a Delaware limited liability company (the “Managing Owner”), with its principal place of business at 1 Penn Plaza, 36th Floor, New York, NY 10119.

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ADMINISTRATION AGREEMENT
Administration Agreement • January 21st, 2011 • FactorShares 2X: Gold Bull/S&p500 Bear • Commodity contracts brokers & dealers • Massachusetts

This Administration Agreement (“Agreement”) dated as of August 11, 2010 and effective as of the effective date of the Trusts’ initial Registration Statement (as hereinafter defined), by and between State Street Bank and Trust Company, a Massachusetts trust company (the “Administrator”), and each Trust set forth on Exhibit A, each organized as a Delaware statutory trust (each, a “Trust” and collectively, the “Trusts”).

FactorShares 2X: Gold Bull/S&P500 Bear 200,000 Shares Initial Purchaser Agreement
FactorShares 2X: Gold Bull/S&p500 Bear • January 21st, 2011 • Commodity contracts brokers & dealers • New York

Factor Capital Management, LLC, a Delaware limited liability company (the “Managing Owner”), has sponsored the formation of FactorShares 2X: Gold Bull/S&P500 Bear (the “Fund”), a Delaware statutory trust, for which Wilmington Trust Company, a Delaware banking corporation, acts as the sole trustee (the “Trustee”).

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