0001193125-11-117714 Sample Contracts

AUTHORIZED PARTICIPANT AGREEMENT FOR EACH TRUST LISTED ON SCHEDULE A
Authorized Participant Agreement • April 29th, 2011 • Russell Exchange Traded Funds Trust • Massachusetts

This Authorized Participant Agreement (the “Agreement”) is entered into by and between ALPS Distributors, Inc. (the “Distributor”) and (NSCC# )(the “Authorized Participant” or “Participant”) and is subject to acceptance by State Street Bank and Trust Company (“Transfer Agent”). The Transfer Agent serves as the transfer agent for each trust listed on Schedule A (each, a “Trust”) and is an Index Receipt Agent as that term is defined in the rules of the National Securities Clearing Corporation (“NSCC”). The Distributor, the Transfer Agent and the Authorized Participant acknowledge and agree that the Trust shall be a third party beneficiary of this Agreement, and shall receive the benefits contemplated by this Agreement, to the extent specified herein. The Distributor has been retained to provide services as principal underwriter of the Trust acting on an agency basis in connection with the sale and distribution of shares of beneficial interest (sometimes referred to as “Shares”), of each

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 29th, 2011 • Russell Exchange Traded Funds Trust • Washington

INVESTMENT ADVISORY AGREEMENT made this 23 day of February, 2011 (the “Agreement”) between Russell Investment Management Company, a Washington corporation (“Adviser”) and U.S. One Trust, a Delaware statutory trust (“Trust”), on behalf of each series of the Trust (each series is hereinafter referred to as a “Fund”) as set forth more fully in its Agreement and Declaration of Trust, its By-Laws and its Registration Statements under the Investment Company Act of 1940 (“1940 Act”) and the Securities Act of 1933, all as heretofore amended and supplemented;

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