EX-10.9






Exhibit 10.9




THIRD ADDENDUM TO LICENSE AGREEMENT



This third addendum (“Third Addendum”) is entered into this 7’ day of July, 2008 by and
between Reuters America LLC, a Thomson Reuters company (hereinafter “Reuters”) and GreenHaven
Commodity Services, LLC (as assigned from GreenHaven, LLC) (“GCS”). This Third Addendum is
entered into to modify the License Agreement between Reuters and Greenhaven dated July 19th,
2006, with addendum dated October 11, 2006 (“First Addendum”) and addendum dated September 18,
2007 (“Second Addendum”) (collectively the “Agreement”).




	1.	 	Section 2 of the Second Addendum is hereby deleted.






	2.	 	Reuters acknowledges receipt of $150,000 toward the $250,000 exclusive fee specified in the
Addendum. The parties hereby agree to the following modified payment structure for the
exclusive fee. Payment for the first quarter shall be paid as follows: $12,500 due by July 31,
2008, $12,500 due by August 31, 2008. For each month starting with April 2008 and continuing
until the end of the exclusive period, GCS shall pay a fee equal to 0.100% (10 basis points)
per annum US, or foreign currency equivalent, invested in the Products based upon the average
daily official closing amount of invested assets as specified in Section 3(b)(iii). These
payments are over and above the nonexclusive fees due under the Agreement. Any payments
already made shall be non-refundable and any payments which are past due shall be paid
immediately. In the event GCS is late in making any payments, all exclusivity under this
license arrangement shall immediately lapse.






	3.	 	The exclusivity period specified in Section 1 of the First Addendum shall be
extended from October 18, 2008 to September 30, 2009, subject to Reuters right to terminate
the exclusivity at any time in the event any of any of the following:






	 	a.	 	The US, or foreign currency equivalent, invested in the Products based upon the average
daily official closing amount of invested assets as specified in Section 3(b)(iii) is less
than $40mrn on December 31, 2008,






	 	b.	 	The US, or foreign currency equivalent, invested in the Products based upon the average
daily official closing amount of invested assets as specified in Section 3(b)(iii) is less
than $45trim on March 31, 2009, or






	 	c.	 	The US, or foreign currency equivalent, invested in the Products based upon the average
daily official closing amount of invested assets as specified in Section 3(b)(iii)is less than
50mm on June 30, 2009,
	 
	 	4.	 	Except as expressly modified by this Second Addendum, the terms of the Agreement, and any
appendices or addenda thereto, shall remain in full force and effect. In the event of any
inconsistencies between the terms of the Agreement or any prior addenda, and this Second
Addendum, the terms of this Addendum shall prevail and control.




 









 





IN WITNESS WHEREOF, the parties hereto have executed or caused to be executed this Addendum as of
the date set forth below.


Accepted by:



	 	 	 	 	 	 	 	 
	Reuters America LLC, a Thomson Reuters company
	 	GreenHaven Commodity Services, LLC	 
	 
	By:  	 	 	 	By:  	 	/s/  Ashmead
Pringle	 
	Name:  	 	 	 	Name:  	 	Ashmead
Pringle 	 
	Title:  	 	 	 	Title:  	 	President 	 
	Date:  	 	 	 	Date:  	 	August 14, 2008