usci_Ex10_3


		
			Exhibit 10.3
		

		
			 
		

		
			AMENDMENT AGREEMENT NO. 3  TO UPDATE SERIES
		

		
			FOR THE CUSTODIAN AGREEMENT
		

		
			This Amendment No. 3  to the Custodian Agreement dated July 31, 2019 (this “Amendment”), is made and entered into by and among UNITED STATES COMMODITY FUNDS LLC, a Delaware limited liability company (the “Sponsor”), the UNITED STATES COMMODITY INDEX FUNDS TRUST, a Delaware statutory trust (the “Trust”), on its own behalf and on behalf of each series established and designated by the Trust as a fund and listed on Annex A to the Agreement (each, a “Fund” and collectively, the “Funds”), and BROWN BROTHERS HARRIMAN & CO. (“BBH&Co.” or the “Custodian”) (each, a “Party” and collectively, the “Parties”).
		

		
			WHEREAS, the Parties have entered into a certain Custodian Agreement dated July 22, 2010, as amended from time to time (the “Agreement”); and
		

		
			WHEREAS, the parties hereto desire to amend the Agreement as provided herein by amending Annex A of this Agreement and removing Schedules 1-B and 1-D of the Agreement, which are no longer applicable to the Agreement.
		

		
			NOW THEREFORE, for and in consideration of the agreements herein made and other good and valuable consideration, the parties hereto agree as follows:
		

		
			I.          AMENDMENTS
		

		
			The Agreement is hereby amended by making the following change to Annex A thereto:
		

		
			LIST OF SERIES TRUST(S) ESTABLISHED
		

		
			BY THE UNITED STATES COMMODITY INDEX FUNDS TRUST
		

			
					
						 

					
					
						Fund

					
					
						Relevant Schedule

				
	
					
						1.

					
					
						United States Commodity Index Fund

					
					
						Schedule 1 to this Agreement

				
	
					
						2.

					
					
						United States Copper Index Fund

					
					
						Schedule 1-C to the Amendment Agreement dated December 16, 2010

				
	
					
						3.

					
					
						 

					
					
						 

				



		
			 
		

		
			The Parties acknowledge that Schedule 1 and Schedule 1-C, as included in prior amendments to the Agreement, shall supplement and not supersede Schedule 1 of the Agreement and Schedules 1-B and 1-D of the Agreement, which are no longer applicable to the Agreement, shall be removed and of no further force or effect.
		

		
			II.        REPRESENTATIONS
		

		
			Each Party represents to the other Parties that:
		

			
	
			
				 (a)
			

			
	
			
			Status.  It is duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing;




		
			 
		

		
			 
		

		
			


		 





		

		
			(b)        Powers.  It has the power to execute and deliver this Amendment and to perform its obligations hereunder, and has taken all necessary action to authorize such execution, delivery and performance;
		

		
			(c)        No Violation or Conflict.  Such execution, delivery and performance do not violate or conflict with any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it or any of its assets;
		

		
			(d)        Consents.  All governmental and other consents that are required to have been obtained by it with respect to this Amendment have been obtained and are in full force and effect and all conditions of any such consents have been complied with; and
		

		
			(e)        Obligations Binding.  Its obligations under this Amendment constitute its legal, valid and binding obligations, enforceable in accordance with its respective terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).
		

		
			III.       MISCELLANEOUS
		

		
			(a)        Entire Agreement.  The Amendment constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings (except as otherwise provided herein) with respect thereto.
		

		
			(b)        Counterparts.  This Amendment may be executed in multiple counterparts, each of which when executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument.
		

		
			(c)        Headings.  The headings used in this Amendment are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Amendment.
		

		
			(d)        Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of New York.
		

		
			(e)        Terms.  Terms used in this Amendment, unless otherwise defined herein, shall have the meanings ascribed to them in the Agreement.
		

		
			(f)        Agreement.   Any and all references to the Agreement shall hereafter refer to the Agreement as amended by this Amendment and as the same may be amended, supplemented or modified from time to time.  Unless otherwise defined herein, capitalized terms not defined herein shall have the same meanings assigned to such terms in the Agreement as amended by this Amendment.
		

		
			Except as amended hereby, all other terms and conditions of the Agreement shall remain the same and in full force and effect.
		

		
			
		

		
			


		 


		

			-2-

		








		

		
			IN WITNESS WHEREOF, the parties hereto have executed this Amendment effective as of the date first written above.
		

		
			UNITED STATES COMMODITY FUNDS LLC
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ John P. Love

					
					
						 

				
	
					
						 

					
					
						Name: John P. Love

					
					
						 

				
	
					
						 

					
					
						Title: President and CEO

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				



		
			 
		

		
			UNITED STATES COMMODITY INDEX FUNDS TRUST, on its own behalf and on behalf of each Fund
		

		
			 
		

			
					
						By:

					
					
						United States Commodity Funds LLC, as Sponsor

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ John P. Love

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Name: John P. Love

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Title: President and CEO

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				



		
			 
		

		
			BROWN BROTHERS HARRIMAN & CO.
		

		
			 
		

			
					
						By:

					
					
						/s/ Shawn McNinch

					
					
						 

				
	
					
						 

					
					
						Name: Shawn McNinch

					
					
						 

				
	
					
						 

					
					
						Title: Managing Director

					
					
						 

				
	
					
						 

					
					
						Address: 50 Post Office Square

					
					
						 

				
	
					
						 

					
					
						 

					
					
						Boston, MA 02110-1548

					
					
						 

				



		
			 
		


		 


		

			-3-