0000891092-12-007699 Sample Contracts

DISTRIBUTION SERVICES AGREEMENT Registered Commodity Pools
Distribution Services Agreement • December 28th, 2012 • FactorShares 2X: S&P500 Bull/Usd Bear • Commodity contracts brokers & dealers • Texas

This Distribution Services Agreement (the "Agreement") is made this 27th day of December 2012, 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, Esposito Securities, LLC, a Texas limited liability company (the "Distributor"), having its principal place of business at 300 Crescent Court, Suite 650, Dallas, TX 75201, 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. This Agreement shall not become effective until January 1, 2013.

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