0001193125-14-318783 Sample Contracts

APPENDIX A Operating Expense Limitation Agreement Direxion Shares ETF Trust

Direxion Shares ETF Trust • August 22nd, 2014

• Company
  Direxion Shares ETF Trust
• Filed
  August 22nd, 2014

TWELFTH AMENDMENT TO DIREXION SHARES ETF TRUST DISTRIBUTION AGREEMENT

Distribution Agreement • August 22nd, 2014 • Direxion Shares ETF Trust • Delaware

• Contract Type
  Distribution Agreement
• Filed
  August 22nd, 2014
• Company
  Direxion Shares ETF Trust
• Jurisdiction
  Delaware

This Twelfth Amendment (the “Amendment”) to the Direxion Shares ETF Trust Distribution Agreement (the “Agreement”) dated as of the 31st day of March 2009, as amended from time to time, by and between Direxion Shares ETF Trust (the “Trust”) and Foreside Fund Services, LLC (the “Distributor”) is entered into as of July 28, 2014 (the “Effective Date”).