0001193125-11-253274 Sample Contracts

PARTICIPANT AGREEMENT
Participant Agreement • September 21st, 2011 • Currencyshares Chinese Renminbi Trust • Commodity contracts brokers & dealers • New York

This Participant Agreement (this “Agreement”), dated as of September 13, 2011, is entered into by and between Merrill Lynch Professional Clearing Corp. (with respect to this Agreement, the “Authorized Participant”, and with respect to the Trust Agreement referred to below, an “Authorized Participant”), CurrencyShares® Chinese Renminbi Trust (the “Trust”), The Bank of New York Mellon, a New York banking corporation, not in its individual capacity but solely as trustee (the “Trustee”) of the Trust, and Rydex Specialized Products LLC, d/b/a Rydex Investments, as sponsor (the “Sponsor”) of the Trust.

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