Exhibit
10.6




INDEX SUBLICENSE AGREEMENT


This Index Sublicense
Agreement (this “Sublicense Agreement”), dated as of June 16, 2014, is made by and between AccuShares Commodities Trust
I, a Delaware statutory trust (“Sublicensee”) on behalf of each of its separate fund series listed on Schedule A
attached hereto and made a part hereof (each a “Fund” and collectively the “Funds”) and AccuShares Investment
Management, LLC, a Delaware limited liability company (“Licensee” or “Sublicensor”).


W I T N E S S E T
H :


WHEREAS, pursuant
to that certain ETF Master Agreement entered into as of the 1st day of October, 2013, between S&P Opco, LLC (“Licensor”),
and AccuShares Management LLC (“AccuShares Management”), as assigned to Licensee as of December 16, 2013 (the “Master
Agreement”), and ETF License Number 1 and ETF License Number 2 thereto, each entered into as of the 1st day of October, 2013,
between Licensor and AccuShares Management, as assigned to Licensee as of December 16, 2013 (together, the “Index Licenses,”
and together with the Master Agreement, the “License Agreement”), Licensor granted Licensee a license to use certain
copyright, trademark and proprietary rights and trade secrets of Licensor, the Chicago Board Options Exchange (“CBOE”)
and Dow Jones & Company, Inc. (as further described in the License Agreement, the “S&P Indices” and the “S&P
Marks”) in connection with the establishment and management of the Funds and the listing, offering, sale, distribution, marketing
and/or promotion of certain financial products to be offered by the Funds (as further described in the License Agreement, the “LICENSEE
ETFs”);


WHEREAS, Sublicensee
wishes to list, offer, sell, distribute, market and/or promote the LICENSEE ETFs and to use and refer to the S&P Indices and
the S&P Marks in connection therewith; and


WHEREAS, in exchange
for granting Sublicensee a sublicense to use the S&P Indices and the S&P Marks in connection with the listing, offering,
sale, distribution, marketing and/or promotion of the LICENSEE ETFs, Sublicensor will be able to manage the Funds with the benefit
of such S&P Indices and S&P Marks.


NOW, THEREFORE,
in consideration of the premises and the mutual covenants and agreements contained herein, the parties hereto agree as follows:


1.                 
Sublicensor hereby grants to Sublicensee a non-exclusive and non-transferable sublicense to use the S&P Indices and
the S&P Marks in connection with the listing, offering, sale, distribution, marketing and/or promotion of the LICENSEE ETFs.


2.                 
Sublicensee acknowledges that it has received and read a copy of the License Agreement and agrees to be bound by all the
provisions thereof (including, without limitation, the provisions relating to the restrictions on and scope of the Index Licenses,
proprietary rights, use of the S&P Marks, warranties, disclaimers, limitations of liability, indemnification, confidential
information and audit).


3.                 
Each of Licensor and CBOE is an intended third party beneficiary of the provisions of this Sublicense Agreement (including,
without limitation, Section 2 hereof), and




    	 



    	 



    


each of Licensor and CBOE is entitled
to rely on such provisions, and enforce this Sublicense Agreement, to the same extent as Licensor.


4.                 
The sublicense granted hereunder shall immediately terminate (a) if the Master Agreement expires or terminates, (b) with
respect to a LICENSEE ETF if the relevant Index License expires or terminates, or (c) with respect to a LICENSEE ETF if Sublicensor
ceases to act as sponsor of such LICENSEE ETF.


5.                 
Upon the expiration or effective date of termination hereof with respect to a LICENSEE ETF, Sublicensee’s right to
use the relevant S&P Indices and S&P Marks shall immediately terminate.


6.                 
It is the intent of the parties that this Sublicense Agreement shall be deemed to have been made in the United States of
America, in the State of New York and shall be governed by, and construed, interpreted and enforced in accordance with, the laws
of the United States of America and the State of New York, without reference to principles of conflicts of laws thereof. Any action
or proceeding arising under or relating to this Sublicense Agreement shall be instituted in a federal or state court of competent
jurisdiction in the State and County of New York. Sublicensee and Sublicensor hereby consent to submit to the exclusive jurisdiction
of such courts and waive any objection to the propriety or convenience of venue therein.


[SIGNATURE PAGE FOLLOWS]




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IN WITNESS WHEREOF,
the parties hereto have executed this Sublicense Agreement as of the date first set forth above.


ACCUSHARES COMMODITIES TRUST I,
for

and on behalf of each Fund


By: AccuShares Investment Management,
LLC, as sponsor


By: /s/ Forrest G. Gilman                                 

Name: Forrest G. Gilman


Title: Vice President, Chief Financial
Officer and Treasurer


ACCUSHARES INVESTMENT
MANAGEMENT, LLC


By: /s/ Forrest G. Gilman                                       

Name: Forrest G. Gilman


Title: Vice President, Chief Financial
Officer and Treasurer




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Schedule A




The Funds


AccuShares S&P GSCI Spot Fund


AccuShares S&P GSCI Agriculture and Livestock
Spot Fund


AccuShares S&P GSCI Industrial Metals Spot
Fund


AccuShares S&P GSCI Crude Oil Spot Fund


AccuShares S&P GSCI Brent Oil Spot Fund


AccuShares S&P GSCI Natural Gas Spot Fund


AccuShares Spot CBOE VIX Fund