0000935069-06-000534 Sample Contracts

AMENDMENT DATED FEBRUARY 17, 2006 TO AMENDED AND RESTATED DISTRIBUTION AGREEMENT BETWEEN RYDEX ETF TRUST AND RYDEX DISTRIBUTORS, INC., DATED AUGUST 29, 2005 AMENDMENT TO
Distribution Agreement • March 1st, 2006 • Rydex Etf Trust

The following amendment is made to EXHIBIT A of the Amended and Restated Distribution Agreement between Rydex ETF Trust (the "Trust") and Rydex Distributors, Inc., dated August 29, 2005, as amended to date (the "Agreement"), and is hereby incorporated into and made a part of the Agreement:

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RYDEX ETF TRUST DISTRIBUTION AGREEMENT
Distribution Agreement • March 1st, 2006 • Rydex Etf Trust • Delaware
RECITALS
Custodian Agreement • March 1st, 2006 • Rydex Etf Trust • Massachusetts
FORM OF AMENDMENT DATED FEBRUARY 17, 2006 TO ADMINISTRATION AGREEMENT BETWEEN RYDEX ETF TRUST AND STATE STREET BANK & TRUST COMPANY, DATED APRIL 29, 2005, AS AMENDED
Administration Agreement • March 1st, 2006 • Rydex Etf Trust

Pursuant to the Agreement, this letter is to provide written notice of the Trust's desire to include the following series of Rydex ETF Trust (the "Additional Funds") as additional funds under the Agreement:

AMENDMENT DATED FEBRUARY 17, 2006 TO ADVISORY AGREEMENT BETWEEN RYDEX ETF TRUST AND PADCO ADVISORS II, INC. DATED APRIL 30, 2004, AS AMENDED
Advisory Agreement • March 1st, 2006 • 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 ADVISORY AGREEMENT BETWEEN RYDEX ETF TRUST AND PADCO ADVISORS II, INC. DATED APRIL 30, 2004
Advisory Agreement • March 1st, 2006 • 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:

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