Common use of Index Receipt Agent Services Clause in Contracts

Index Receipt Agent Services. 1. The Sponsor, on behalf of the Trust, shall enter into an Authorized Participant Agreement with each Authorized Participant and other specified counterparties providing collateralized commodity exposure for a particular Fund, which shall be delivered to the ▇.▇. ▇▇▇▇▇▇ and which ▇.▇. ▇▇▇▇▇▇, in its capacity as Index Receipt Agent, shall acknowledge. 2. In connection with the procedures that may be established from time to time between ▇.▇. ▇▇▇▇▇▇ and the Trust on behalf of each Fund for the processing, clearance and settlement of the creation and redemption of Creation Units, ▇.▇. ▇▇▇▇▇▇ shall: (a) receive from the Order Taker on each trade date a computer generated file (Create/Redeem File) that contains creation orders from Authorized Participants that have been received and accepted by the Sponsor on behalf of the Trust and each Fund, for the issuance of Creation Units; and deliver the enhanced file to Custodian for settlement; and, pursuant to such creation orders, instruct the Transfer Agent to create the appropriate number of Shares of the applicable Fund for deposit into the Fund custody account and delivery to the Authorized Participant’s DTC Participant Account on a free [of payment] basis; (b) The Authorized Participant will instruct the receipt of the above Shares from the Custodian’s DTC Participant Account on a free (of payment) basis and wire the USD value of the Creation Units to the designated Counterparty. The Sponsor will instruct ▇.▇. ▇▇▇▇▇▇ to release the Shares to the Authorized Participants account at DTC. . The Counterparty will deliver collateral to the collateral account. (c) receive from the Order Taker on each trade date a computer generated file (Create/Redeem File) that contains redemption orders from Authorized Participants that have been received and accepted by the Sponsor on behalf of the Trust for each Fund; and deliver the enhanced file to Custodian for settlement; and, pursuant to such redemption orders, instruct the Transfer Agent to withdraw from the Fund custody account and redeem the appropriate number of Shares of the applicable Fund in Creation Units and reduce the account of the Shareholder accordingly; and (d) The Authorized Participant will instruct the delivery of the above Shares to the Custodian’s DTC Participant Account on a free (of payment) basis . The Counterparty will receive collateral from the collateral account. The Sponsor will notify the Counterparty to wire the USD value of the Creation Units to the Authorized Participant.

Index Receipt Agent Services. 1. The Sponsor, on behalf of the Trust, shall enter into an Authorized Participant Agreement with each Authorized Participant and other specified counterparties providing collateralized commodity exposure for a particular Fund, which shall be delivered to the ▇.▇. ▇▇▇▇▇▇ Bank and which ▇.▇. ▇▇▇▇▇▇Bank, in its capacity as Index Receipt Agent, shall acknowledge. 2. In connection with the procedures that may be established from time to time between ▇.▇. ▇▇▇▇▇▇ Bank and the Trust on behalf of each Fund for the processing, clearance and settlement of the creation issuance and redemption of Creation UnitsUnits through the Clearing Process, ▇.▇. ▇▇▇▇▇▇ Bank shall: (a) receive from the Order Taker on each trade date a computer generated file (Create/Redeem File) that contains creation issuance orders from Authorized Participants that have been received and accepted by the Sponsor on behalf of the Trust and each Fund, for the issuance of Creation UnitsUnits against delivery of the Cash Deposit; and deliver the enhanced file to Custodian for settlement; and, pursuant to such creation issuance orders, instruct the Transfer Agent to create issue the appropriate number of Shares of the applicable Fund for deposit into the Fund custody account Deposit At Custodian and delivery to the Authorized ParticipantCounterparty’s DTC Participant Account on a free [of payment] basisAccount; (b) The Authorized Participant will instruct the receipt of the above Counterparty enters transaction to DTC to receive Shares from the CustodianBank’s DTC Participant Account on a free (of payment) basis Account. On trade date plus one the Authorized Participant and wire Counterparty submit settlement instructions to DTC. The Counterparty instructs delivery versus payment settlement with Authorized Participant who then instructs receipt versus payment settlement with the USD value of Counterparty through DTC. On trade date plus two the Creation Units to Authorized Participant and the designated Counterparty pre-match settlement instructions within DTC. On trade date plus three ETF shares and cash settle versus payment through DTC between Authorized Participant and the Counterparty. The Sponsor will instruct ▇.▇. ▇▇▇▇▇▇ to release the Shares to the Authorized Participants account at DTC. . The Counterparty will deliver delivers collateral to the collateral account. (c) receive from the Order Taker on each trade date a computer generated file (Create/Redeem File) that contains redemption orders from Authorized Participants that have been received and accepted by the Sponsor on behalf of the Trust for each Fund; and deliver the enhanced file to Custodian for settlement; and, pursuant to such redemption orders, instruct the Transfer Agent to withdraw from the Fund custody account Withdraw at Custodian and redeem the appropriate number of Shares of the applicable Fund in Creation Units and reduce the account of the Shareholder accordingly; and (d) The On trade date plus one the Authorized Participant will instruct and Counterparty submit settlement instructions to DTC. The Counterparty instructs receive versus payment settlement with Authorized Participant who then instructs delivery versus payment settlement with the delivery of Counterparty through DTC. On trade date plus two the above Shares Authorized Participant and the Counterparty pre-match settlement instructions within DTC. On trade date plus three ETF shares and cash settle versus payment through DTC between Authorized Participant and the Counterparty. The Counterparty receives collateral to the Custodiancollateral account and transfers redeemed ETF shares to Bank’s DTC Participant Account on a free (of payment) basis . The Counterparty will receive collateral from the collateral account. The Sponsor will notify the Counterparty to wire the USD value of the Creation Units to the Authorized ParticipantAccount.

Index Receipt Agent Services. 1. J.▇. ▇▇▇▇▇▇, with the assistance of the Trust, shall make application to NSCC to be the Index Receipt Agent on behalf of the Trust and each ETF Series for the processing, clearance and the settlement of creation and redemption orders for ETF Shares of each ETF Series and Creation Deposits through the facilities of NSCC and DTC. 2. The SponsorDistributor, on behalf of the Trust, shall enter into an Authorized Participant Agreement with each Authorized Participant and other specified counterparties providing collateralized commodity exposure for a particular FundParticipant, which shall be delivered to the ▇.J.▇. ▇▇▇▇▇▇ and which ▇.J.▇. ▇▇▇▇▇▇, in its capacity as Index Receipt Agent, shall acknowledge. 23. In connection with the procedures that may be established from time to time between ▇.J.▇. ▇▇▇▇▇▇ and the Trust on behalf of each Fund ETF Series for the processing, clearance and settlement of the creation and redemption of Creation UnitsUnits through the Clearing Process, ▇.J.▇. ▇▇▇▇▇▇ shall: (a) (i) receive from the Investment Adviser daily, a computer generated file that is in form and substance acceptable to NSCC containing a list of the Deposit Securities (if applicable) for each ETF Series, (ii) receive from the Order Taker daily, a computer generated file that is in form and substance acceptable to NSCC containing the Balancing Amount and the Transaction Fee for each ETF Series and (iii) transmit both files as received from the Investment Adviser and Order Taker to NSCC; ETF Agency Services Agreement – December 2010 version (b) receive from the Distributor on each trade date a computer generated file (Create/Redeem File) that is in form and substance acceptable to NSCC and that contains creation orders from Authorized Participants that have been received and accepted by the Sponsor Distributor on behalf of the Trust and each FundETF Series, for the issuance creation of Creation UnitsUnits against delivery of Deposit Securities and a Cash Component; transmit the file of creation orders as received from the Distributor to NSCC; receive back from NSCC the file of creation orders enhanced with NSCC generated prices for the Deposit Securities contained in the file and deliver the enhanced file to Custodian for settlement; and, pursuant to such creation orders, instruct the Transfer Agent to create the appropriate number of ETF Shares of the applicable Fund ETF Series for deposit into the Fund custody account and delivery to the Authorized Participant’s DTC Participant Account on a free [of payment] basis; (b) The Authorized Participant will instruct the receipt of the above Shares from the Custodian’s DTC Participant Account on a free (of payment) basis and wire the USD value of the Creation Units to the designated Counterparty. The Sponsor will instruct ▇.▇. ▇▇▇▇▇▇ to release the Shares to the Authorized Participants account at DTC. . The Counterparty will deliver collateral to the collateral account.Account; (c) receive from the Order Taker Distributor on each trade date a computer generated file (Create/Redeem File) that is in form and substance acceptable to NSCC and that contains redemption orders from Authorized Participants that have been received and accepted by the Sponsor Distributor on behalf of the Trust for each Fund; transmit the file of redemption orders as received from the Distributor to NSCC; receive back from NSCC the file of redemption orders enhanced with NSCC generated prices for the Redemption Securities that are in the file and deliver the enhanced file to Custodian for settlement; and, pursuant to such redemption orders, instruct the Transfer Agent to withdraw from the Fund custody account and redeem the appropriate number of ETF Shares of the applicable Fund ETF Series in Creation Units and reduce the account of the Shareholder accordingly; and (d) at the appropriate times, cause to be paid over to Authorized Participants Balancing Amounts on the creation or redemption of Creation Units, as instructed by the Distributor or the Trust on behalf of each ETF Series. 4. The Authorized Participant will instruct Trust understands and agrees that all risk associated with the delivery processing, clearance and settlement of the above Shares to creation and redemption of ETF Shares, Deposit Securities and Redemption Securities and cash through the Custodian’s DTC Participant Account on a free (of payment) basis . The Counterparty will receive collateral from the collateral account. The Sponsor will notify the Counterparty to wire the USD value Clearing Process shall be that of the Creation Units to Trust and each ETF Series irrespective of whether in effecting such creations and redemptions for the Authorized ParticipantTrust on behalf of each ETF Series through the Clearing Process, J.▇. ▇▇▇▇▇▇, as a member of NSCC, is acting as principal or as agent; and, in respect hereof, the Trust and each ETF Series, shall be bound by all the rules and procedures of NSCC and DTC as though it were the member or participant of such clearing and settlement systems.