0000950123-11-019735 Sample Contracts

ADVISORY AGREEMENT
Advisory Agreement • February 28th, 2011 • Rydex Dynamic Funds • Delaware

ADVISORY AGREEMENT made as of this 1st day of August, 2010 by and between RYDEX DYNAMIC FUNDS (the “Trust”), a Delaware statutory trust registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and RYDEX ADVISORS, LLC, a Kansas limited liability company with its principal place of business at 9601 Blackwell Road, Suite 500, Rockville, Maryland 20850 (the “Adviser”).

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DISTRIBUTION AGREEMENT
Distribution Agreement • February 28th, 2011 • Rydex Dynamic Funds • Delaware

THIS AGREEMENT, dated as of August 1, 2010, is entered into by and between RYDEX DYNAMIC FUNDS (the ‘Trust”), a Delaware business trust and RYDEX DISTRIBUTORS, LLC (the “Distributor”), a Kansas limited liability company.

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