0001193125-11-250376 Sample Contracts

Institutional Master Futures Client Account Agreement Merrill Lynch, Pierce, Fenner & Smith, Incorporated
Account Agreement • September 16th, 2011 • ProShares Trust II • Commodity contracts brokers & dealers • New York

This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading in futures and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.

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