0001193125-12-268538 Sample Contracts

Direxion Shares ETF Trust Advisory Fee Waiver Agreement

Advisory Fee Waiver Agreement • June 13th, 2012 • Direxion Shares ETF Trust • New York

• Contract Type
  Advisory Fee Waiver Agreement
• Filed
  June 13th, 2012
• Company
  Direxion Shares ETF Trust
• Jurisdiction
  New York

This ADVISORY FEE WAIVER AGREEMENT (this “Agreement”) is made effective as of the 1st day of September, 2011, by and between Rafferty Asset Management, LLC (the “Adviser”) and Direxion Shares ETF Trust (the “Trust”), on behalf of each of its series from time to time set forth in Schedule A attached hereto (each, a “Fund”).