AMENDMENT
DATED MARCH 31, 2008
TO THE
AMENDED AND RESTATED SERVICE AGREEMENT
BETWEEN
RYDEX DYNAMIC FUNDS
AND RYDEX FUND SERVICES, INC.,
DATED NOVEMBER 15, 2004
AMENDMENT
TO THE
AMENDED AND RESTATED
SERVICE AGREEMENT
DATED NOVEMBER 15, 2004
BETWEEN
RYDEX DYNAMIC FUNDS
AND
RYDEX FUND SERVICES, INC.
The following Amendment is made to Section 4 of the Amended and Restated Service
Agreement between Rydex Dynamic Funds (the "Trust") and Rydex Fund Services,
Inc. (the "Servicer"), as amended to date (the "Agreement"), and is hereby
incorporated into and made a part of the Agreement:
Section 4 of the Agreement is amended, effective March 31, 2008, to
read as follows:
As consideration for the services provided hereunder, the Trust will
pay the Servicer a fee on the last day of each month in which this Agreement is
in effect, at the following annual rates based on the average daily net assets
(the "Assets") of each of the Trust's series (a "Fund") for such month:
S&P 500 2x Strategy Fund
0.25% of Assets
Inverse S&P 500 2x Strategy Fund
0.25% of Assets
Inverse NASDAQ-100(R) 2x Strategy Fund
0.25% of Assets
NASDAQ-100(R) 2x Strategy Fund
0.25% of Assets
Dow 2x Strategy Fund
0.25% of Assets
Inverse Dow 2x Strategy Fund
0.25% of Assets
▇▇▇▇▇▇▇ 2000(R) 2x Strategy Fund
0.25% of Assets
Inverse ▇▇▇▇▇▇▇ 2000(R) 2x Strategy Fund
0.25% of Assets
ADDITIONS ARE NOTED IN BOLD.
In witness whereof, the parties hereto have caused this Amendment to be executed
in their names and on their behalf and through their duly-authorized officers as
of the 31st day of March, 2008.
RYDEX DYNAMIC FUNDS
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
Title: President
RYDEX FUND SERVICES, INC.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇
Title: President