0000935069-05-000343 Sample Contracts

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ARTICLE I DEFINITIONS
Custody Agreement • February 25th, 2005 • Rydex Etf Trust • New York
AMENDMENT DATED FEBRUARY 11, 2005 TO ADVISORY AGREEMENT BETWEEN RYDEX ETF TRUST AND PADCO ADVISORS II, INC. DATED APRIL 30, 2004
Advisory Agreement • February 25th, 2005 • Rydex Etf Trust

The following amendment is made to Schedule A of the Advisory Agreement between Rydex ETF Trust (the "Trust") and PADCO Advisors II, Inc. (the "Adviser"), dated April 30, 2004, as amended to date (the "Agreement"), and is hereby incorporated into and made a part of the Agreement:

AMENDMENT, DATED FEBRUARY 11, 2005, TO ADMINISTRATION AND ACCOUNTING AGREEMENT BETWEEN RYDEX ETF TRUST AND THE BANK OF NEW YORK DATED APRIL 23, 2003, AS AMENDED
Rydex Etf Trust • February 25th, 2005

The following amendment is made to Schedule A of the Fund Administration and Accounting Agreement between Rydex ETF Trust (the "Trust") and The Bank of New York, dated April 23, 2003, as amended to date (the "Agreement"), and is hereby incorporated into and made a part of the Agreement:

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