0001193125-12-487675 Sample Contracts

FUND ADMINISTRATION SERVICING AGREEMENT
Fund Administration Servicing Agreement • November 30th, 2012 • Direxion Shares ETF Trust • Wisconsin

THIS AGREEMENT is made and entered into as of the 1st day of September, 2012, by and between DIREXION SHARES ETF TRUST, a Delaware statutory trust (the “Trust”) acting for and on behalf of each series as is currently authorized and issued by the Trust or may be authorized and issued by the Trust subsequent to the date of this Agreement (each a “Fund” and collectively the “Funds”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“Fund Services”).

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FUND ACCOUNTING AGREEMENT
Fund Accounting Agreement • November 30th, 2012 • Direxion Shares ETF Trust • New York

WHEREAS, the Trust had entered into a Fund Administration and Accounting Agreement dated as of September 25, 2008 (“Former Agreement”);

SCHEDULE A TO DIREXION SHARES ETF TRUST ADVISORY FEE WAIVER AGREEMENT
Advisory Fee Waiver Agreement • November 30th, 2012 • Direxion Shares ETF Trust
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