Currencysharessm Hong Sample Contracts

FORM OF PARTICIPANT AGREEMENT
Currencysharessm Hong • May 7th, 2008 • CurrencyShares Hong Kong Dollar Trust • New York

This Participant Agreement (this “Agreement”), dated as of , 200 , is entered into by and between (with respect to this Agreement, the “Authorized Participant”, and with respect to the Trust Agreement referred to below, an “Authorized Participant”), The Bank of New York, a New York banking corporation, not in its individual capacity but solely as trustee (the “Trustee”) of the CurrencyShares Hong Kong Dollar Trust (the “Trust”), and Rydex Specialized Products LLC, d/b/a Rydex Investments, as sponsor (the “Sponsor”) of the Trust.

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