Document:

Form of Transfer Agency and Service Agreement

 Exhibit 10.4 
 TRANSFER AGENCY AND SERVICE AGREEMENT 
 AGREEMENT made as of
            , 2006, by and between POWERSHARES DB MULTI-SECTOR COMMODITY TRUST, a Delaware statutory trust organized in series, having its principal office and place of business at
60 Wall Street, New York, NY 10005 (the “Trust”), on behalf of each of its series, as named on Schedule A, attached hereto (each a “Fund” and collectively, the “Funds”) and THE BANK OF NEW
YORK, a New York banking company having its principal office and place of business at One Wall Street, New York, New York 10286 (the “Bank”). 
 WHEREAS, the Trust, on behalf of each Fund and designated agents will issue for purchase and redeem shares of each Fund only in aggregations of shares known as “Creation Units” (currently 200,000 shares)
(each a “Creation Unit”); 
 WHEREAS, The Depository Trust Company, a limited purpose trust company organized under the laws
of the State of New York (“DTC”), or its nominee (Cede & Co.), will be the initial record or registered owner (the “Shareholder”) of all shares; 
 WHEREAS, the Trust, on behalf of each Fund, desires to appoint the Bank as their respective transfer agent, dividend disbursing agent, and agent in
connection with certain other activities, and the Bank desires to accept such appointment; 
 NOW, THEREFORE, in consideration of the mutual
covenants herein contained, the parties hereto agree as follows: 
 1. Terms of Appointment; Duties of the Bank 
 1.1 Subject to the terms and conditions set forth in this Agreement, the Trust, on behalf of each Fund, hereby employs and appoints the Bank to act as,
and the Bank agrees to act as the transfer agent for the authorized and issued shares of beneficial interest, no par value per share of each Fund (“Shares”), and as each Fund’s dividend disbursing agent. 
 1.2 The Bank agrees that it will perform the following services: 
 (a) In accordance with the terms and conditions of the form of Participant Agreement, attached hereto as Exhibit A, the Bank shall: 
 (i) Perform and facilitate the performance of purchases and redemption of Creation Units for each Fund; 
 (ii) Prepare and transmit by means of DTC’s book-entry system payments for dividends and distributions declared by each Fund; 
 (iii) Maintain separate and distinct records for each Fund with respect to the name and address of the Shareholder and the number of Shares issued by each respective Fund and held by the Shareholder in each Fund; 

 (iv) With respect to each Fund, record, separately and distinctly, the issuance of Shares of each Fund
and maintain separate and distinct records of the total number of Shares of each Fund, and, which are authorized, based upon data provided to it by the Trust. The Bank shall have no obligation, when recording the issuance of Shares, to monitor the
issuance of such Shares or to take cognizance of any laws relating to the issue or sale of such Shares, which functions shall be the sole responsibility of the Trust; 
 (v) Prepare and transmit to the Trust, with respect to each Fund, and to any applicable securities exchange (as specified to the Bank by the Trust) information with respect to purchases and redemptions of Shares of
each Fund; 
 (vi) On days that the Trust, on behalf of each Fund, may accept orders for purchases or redemptions, calculate and transmit to
the Bank and the Trust, on behalf of the applicable Fund(s), the number of outstanding Shares; 
 (vii) On days that the Trust, on behalf of
each Fund, may accept orders for purchases or redemptions (pursuant to the Participant Agreement), transmit to the Bank, the Trust, on behalf of the applicable Fund(s) and DTC the amount of Shares purchased on such day; 
 (viii) Confirm to DTC the number of Shares issued to the Shareholder with respect to each Fund, as DTC may reasonably request; 
 (ix) Extend the voting rights to the Shareholder and/or beneficial owners of Shares in accordance with the policies and procedures of DTC for book-entry
only securities; 
 (x) Maintain separate and distinct books and records for each Fund as specified by the Trust, on behalf of each Fund,
and as listed on Schedule B attached hereto; and 
 (xi) With respect to each Fund, prepare a monthly report of all purchases and
redemptions during such month on a gross transaction basis. The monthly reports shall show the counterparty and amount of each purchase on a daily basis and the net number of Shares either redeemed or created for such Business Day. 
 (b) In addition to and neither in lieu nor in contravention of the services set forth in the above paragraph (a), the Bank shall: perform the customary
services of a transfer agent and dividend disbursing agent including, but not limited to: maintaining the account of the Shareholder with respect to each Fund, obtaining a list of DTC participants holding interests in a Fund’s Global
Certificate at the request of the Trust, mailing proxy materials, shareholder reports and prospectuses to the Shareholder or DTC participants or beneficial owners of Shares at the request of the Trust, on behalf of each Fund, and those services set
forth on Schedule B attached hereto. 
 (c) The following shall be delivered by the Trust, on behalf of each Fund, to DTC for delivery
to beneficial owners in accordance with the procedures for book-entry only securities of DTC: 
 (i) Periodic reports of the Trust required
under the Securities Exchange Act of 1934, as amended; 
  

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 (ii) Proxies, proxy statements and other proxy soliciting materials; 
 (iii) Prospectus and amendments and supplements to the Prospectus, including stickers; and 
 (iv) Other communications as may be required by law or reasonably requested by the Trust. 
 (d) If the Shares are represented by individual Certificates, the Bank shall perform the services agreed to in writing by the Bank and the Trust.

 (e) The Bank shall provide additional services (if any) on behalf of each Fund (i.e., escheatment services) which may be agreed upon in
writing between the Trust, on behalf of each Fund, and the Bank. 
 2. Fees and Expenses 
 2.1 The Bank shall receive such consideration for the Transfer Agent’s services provided pursuant to this Agreement as may be agreed to from
time-to-time in a written fee schedule approved by the parties and attached hereto. 
 2.2 In addition to the fee paid under Section 2.1
above, the Trust, on behalf of each Fund, agrees to reimburse the Bank for out-of-pocket expenses, including but not limited to confirmation production, postage, forms, telephone, microfilm, microfiche, tabulating proxies, records storage, or
advances incurred by the Bank for the items set out from time-to-time in the written fee schedule approved by the parties and attached hereto or relating to dividend distributions and reports (whereas all expenses related to creations and
redemptions of securities of each Fund shall be borne by the relevant authorized participant in such creations and redemptions). In addition, any other expenses incurred by the Bank at the request or with the consent of the Trust, on behalf of any
Fund, will be reimbursed by any such Fund. 
 2.3 The Trust, on behalf of each Fund, agrees to pay all fees and reimbursable expenses within
ten (10) business days following the receipt of the respective billing notice accompanied by supporting documentation, as appropriate. Postage for mailing of dividends, proxies, Trust and Fund reports and other mailings to all shareholder
accounts shall be advanced to the Bank by the Trust at least seven (7) days prior to the mailing date of such materials. 
 3. Representations and
Warranties of the Bank 
 3.1 The Bank represents and warrants to the Trust and each Fund that: 
 It is a banking company duly organized and existing and in good standing under the laws of the State of New York. 
 It is duly qualified to carry on its business in the State of New York. 
 It is empowered under applicable laws and by its Charter and By-Laws to act as transfer agent and dividend disbursing agent and to enter into and perform this Agreement. 
  

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 All requisite corporate proceedings have been taken to authorize it to enter into and perform this
Agreement. 
 It has and will continue to have access to the necessary facilities, equipment and personnel to perform its duties and
obligations under this Agreement. 
 4. Representations and Warranties of the Trust 
 4.1 The Trust represents and warrants to the Bank that: 
 It is a statutory trust, organized in series, duly organized and existing and in good standing under the laws of Delaware. 
 It is empowered under applicable laws and by its Declaration of Trust and Trust Agreement to enter into and perform this Agreement on behalf of itself and each Fund. 
 All corporate proceedings required by said Declaration of Trust and Trust Agreement have been taken to authorize it to enter into and perform this
Agreement. 
 A registration statement under the Securities Act of 1933, as amended, on behalf of the Trust and each Fund is currently
effective and will remain effective, and appropriate state securities law filings have been made and will continue to be made, with respect to all Shares of the Funds being offered for sale. 
 5. [Section Reserved] 
 6. Indemnification 
 6.1 The Bank shall not be responsible for, and each applicable Fund shall indemnify and hold the Bank harmless from and against, any and all losses,
damages, costs, charges, counsel fees, payments, expenses and liability (“Losses”) arising out of or attributable to: 
 (a)
All actions of the Bank or its agents or subcontractors required to be taken pursuant to this Agreement, provided that such actions are taken without gross negligence, or willful misconduct. 
 (b) The negligence or willful misconduct of the Trust, with respect to any Fund. 
 (c) The breach of any representation or warranty of the Trust hereunder, with respect to any Fund. 
 (d) The conclusive reliance on or use by the Bank or its agents or subcontractors of information, records, documents or services which (i) are
received by the Bank or its agents or subcontractors, and (ii) have been prepared, maintained or performed by the Trust, on behalf of any Fund, or any other person or firm on behalf of a Fund including but not limited to any previous transfer
agent or registrar. 
 (e) The conclusive reliance on, or the carrying out by the Bank or its agents or subcontractors of any instructions or
requests of the Trust on behalf of a Fund. 
  

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 (f) The offer or sale of Shares in violation of any requirement under the federal securities laws or
regulations or the securities laws or regulations of any state that such Shares be registered in such state or in violation of any stop order or other determination or ruling by any federal agency or any state with respect to the offer or sale of
such Shares in such state. 
 6.2 At any time the Bank may apply to any officer of the Trust for instructions with respect to any Fund, and
may consult with legal counsel of their choosing with respect to any matter arising in connection with the services to be performed by the Bank under this Agreement, and the Bank and its agents or subcontractors shall not be liable and shall be
indemnified by the applicable Fund for any action taken or omitted by it in reliance upon such instructions or upon the advice or opinion of such counsel and shall promptly advise the Trust of such advice or opinion (except for actions or omissions
by the Bank taken with negligence or willful misconduct). The Bank, its agents and subcontractors shall be protected and indemnified in acting upon any paper or document, reasonably believed to be genuine and to have been signed by the proper person
or persons, or upon any instruction, information, data, records or documents provided the Bank or its agents or subcontractors by machine readable input, telex, CRT data entry or other similar means authorized by the Trust, on behalf of a Fund, and
shall not be held to have notice of any change of authority of any person, until receipt of written notice thereof from the Trust. 
 6.3 The
Trust and the Funds shall not be responsible for, and the Bank shall be liable for direct money damages arising out of or attributable to: 
 (a) The Bank’s own gross negligence or willful misconduct. 
 (b) The breach of any representation or warranty of the Bank
hereunder. 
 6.4 The Bank agrees that, pursuant to Section 3804(a) of the Delaware Statutory Trust Act, the liabilities of each Fund
shall be limited such that (a) the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing and relating to this Agreement with respect to a particular Fund shall be enforceable against the assets of that
particular Fund only, and not against the assets of the Trust or the assets of DB Multi-Sector Commodity Master Trust (the “Master Trust”) generally or the assets of any other Fund and (b) none of the debts, liabilities,
obligations and expenses incurred, contracted for, or otherwise existing and relating to this Agreement with respect to the Trust or Master Trust generally and any other Fund shall be enforceable against the assets of such particular Fund. The Bank
further agrees that it shall not seek satisfaction of any such obligation from the shareholders, any individual shareholder, officer, representative or agent of the Trust, Master Trust or any Fund, nor shall the Bank seek satisfaction of any such
obligation from the DB Commodity Services LLC (the managing owner of the Trust, Master Trust and each of the Funds), its members, managers, directors or officers. 
 7. Standard of Care 
 The Bank shall have no responsibility and shall not be liable for any loss or damage unless such loss or
damage is caused by its own negligence or willful misconduct or that of its employees, or its breach of any of its representations. In no event shall the Bank be liable for special, indirect or consequential damages regardless of the form of action
and even if the same were foreseeable. 
  

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 8. Concerning the Bank 
 8.1 The Bank may enter into subcontracts, agreements and understandings with any Bank affiliate, whenever and on such terms and conditions as it deems necessary or appropriate to perform its services hereunder. No
such subcontract, agreement or understanding shall discharge Bank from its obligations hereunder. 
 8.2 The Bank shall be entitled to
conclusively rely upon any written or oral instruction actually received by the Bank and reasonably believed by the Bank to be duly authorized and delivered. The Trust, on behalf of each Fund, agrees to forward to the Bank written instructions
confirming oral instructions by the close of business on the same day that such oral instructions are given to the Bank. The Trust, on behalf of each Fund, agrees that the fact that such confirming written instructions are not received or that
contrary written instructions are received by the Bank shall in no way affect the validity or enforceability of transactions authorized by such oral instructions and effected by the Bank. If the Trust, on behalf of each Fund, elects to transmit
written instructions through an on-line communication system offered by the Bank, the Trust’s use thereof shall be subject to the terms and conditions attached hereto as Appendix A. 
 8.3 The Bank shall establish and maintain a disaster recovery plan and back-up system at all times satisfying the requirements of all applicable law,
rules, and regulations and which is reasonable under the circumstances (the “Disaster Recovery Plan and Back-Up System”). The Bank shall not be responsible or liable for any failure or delay in the performance of its obligations
under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond its control which are not a result of its negligence, including without limitation, acts of God; earthquakes; fires; floods; wars; civil or military
disturbances; sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, transportation, computer (hardware or software) or communications service; accidents; labor disputes; acts of civil or military authority; governmental
actions; or inability to obtain labor, material, equipment or transportation, provided that the Bank has established and is maintaining the Disaster Recovery Plan and Back-Up System, or if not, that such delay or failure would have occurred even if
the Bank had established and was maintaining the Disaster Recovery Plan and Back-Up System. Upon the occurrence of any such delay or failure, the Bank shall use commercially reasonable best efforts to resume performance as soon as practicable under
the circumstances. 
 8.4 The Bank shall have no duties or responsibilities whatsoever except such duties and responsibilities as are
specifically set forth in this Agreement, and no covenant or obligation shall be implied against the Bank in connection with this Agreement. 
 8.5 At any time the Bank may apply to an officer of the Trust for written instructions with respect to any Fund and to any matter arising in connection with the Bank’s duties and obligations under this Agreement, and the Bank shall not
be liable for any action taken or omitted to be taken by the Bank in good faith in accordance with such instructions. Such application by the Bank for instructions from an officer of the Trust may, at the option of the Bank, set forth in writing any
action proposed to be taken or omitted to be taken by the Bank with respect to its duties or obligations under this Agreement and the date on and/or after which such action shall be taken, and the Bank shall not be liable for any action taken or
omitted to be taken in accordance with a proposal included in any such application on or after the date specified therein unless, prior to taking or omitting to take any such action, the Bank has 
  

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 received written instructions in response to such application specifying the action to be taken or omitted. The Bank may
consult counsel to the Trust or its own counsel, at the expense of the respective Fund, and shall be fully protected with respect to anything done or omitted by it in good faith in accordance with the advice or opinion of such counsel. 

8.6 Notwithstanding any provisions of this Agreement to the contrary, the Bank shall be under no duty or obligation to inquire into, and shall not be
liable for: 
 (a) The legality of the issue, sale or transfer of any Shares of a Fund, the sufficiency of the amount to be received in
connection therewith, or the authority of the Trust, on behalf of a Fund, to request such issuance, sale or transfer; 
 (b) The legality of
the purchase of any Shares of a Fund, the sufficiency of the amount to be paid in connection therewith, or the authority of the Trust, on behalf of a Fund, to request such purchase; 
 (c) The legality of the declaration of any dividend by the Trust, on behalf of any Fund, or the legality of the issue of any Shares in payment of any
stock dividend; or 
 (d) The legality of any recapitalization or readjustment of the Shares of any Fund. 
 9. Covenants of the Trust and the Bank 
 9.1 The Trust shall
promptly furnish to the Bank the following: 
 (a) A copy of the Declaration of Trust and Trust Agreement of the Trust and all amendments
thereto. 
 (b) Shares of each Fund will be transferred upon presentation to the Bank of the applicable Shares to its electronic account at
DTC, accompanied by such documents as the Bank deems necessary to evidence the authority of the person making such transfer, and bearing satisfactory evidence of the payment of applicable stock transfer taxes, if any. In the case of small estates
where no administration is contemplated, the Bank may, when furnished with an appropriate surety bond, and without further approval of the Trust, on behalf of a Fund, transfer Shares registered in the name of the decedent where the current market
value of the Shares being transferred does not exceed such amount as may from time to time be prescribed by the various states. The Bank reserves the right to refuse to transfer Shares until it is satisfied that the endorsements on documents
submitted to it are valid and genuine, and for that purpose it may require, unless otherwise instructed by an Officer of the Trust, a guaranty of signature by an “eligible guarantor institution” meeting the requirements of the Bank, which
requirements include membership or participation in STAMP or such other “signature guarantee program” as may be determined by the Bank in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of
1934, as amended. The Bank also reserves the right to refuse to transfer Shares until it is satisfied that the requested transfer is legally authorized, and it shall incur no liability for the refusal in good faith to make transfers which the Bank,
in its judgment, deems improper or unauthorized, or until it is satisfied that there is no basis to any claims adverse to such transfer. The Bank may, in effecting transfers of Shares, rely upon those provisions of the Uniform Act for the
Simplification of Fiduciary Security Transfers or the 
  

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 Uniform Commercial Code, as the same may be amended from time to time, applicable to the transfer of securities, and the
Trust shall indemnify the Bank for any act done or omitted by it in good faith in reliance upon such laws. 
 (c) The Bank assumes no
responsibility with respect to the transfer of restricted securities where counsel for the Trust advises that such transfer may be properly effected. 
 9.2 [Section Reserved] 
 9.3 Prior to the issuance of any additional Shares pursuant to stock dividends,
stock splits or otherwise, and prior to any reduction in the number of Shares outstanding, the Trust, on behalf of any Fund, shall deliver the following documents to the Bank: 
 (a) A certified copy of the resolutions adopted by the managing owner of the Trust authorizing such issuance of additional Shares of the applicable
Fund(s) or such reduction, as the case may be; 
 (b) A certified copy of the order or consent of each governmental or regulatory authority
required by law as a prerequisite to the issuance or reduction of such Shares, as the case may be, and an opinion of counsel for the Trust that no other order or consent is required; and 
 (c) An opinion of counsel for the Trust, in a form satisfactory to the Bank, with respect to (i) the validity of the Shares, the obtaining of all
necessary governmental consents, whether such Shares are fully paid and non-assessable and the status of such Shares under the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and any other applicable federal law
or regulations (i.e., if subject to registration, that they have been registered and that the Registration Statement has become effective or, if exempt, the specific grounds therefor), (ii) the status of the Trust with regard to the
Investment Company Act of 1940, as amended, and (iii) the due and proper listing of the Shares on all applicable securities exchanges. 
 9.4 The Bank agrees that all records prepared or maintained by the Bank relating to the services to be performed by the Bank hereunder are the property of the applicable Fund, and will be preserved, maintained and made available upon
reasonable request, and will be surrendered promptly to the Trust, on behalf of the applicable Fund, on and in accordance with its request. The Bank further agrees that all records prepared or maintained by the Bank for each Fund relating to the
services to be performed by the Bank hereunder will be maintained in separate and distinct files created for each Fund. 
 9.5 The Bank and
the Trust agree that all books, records, information and data pertaining to the business of the other party which are exchanged or received pursuant to the negotiation or the carrying out of this Agreement shall remain confidential, and shall not be
voluntarily disclosed to any other person, except as may be or may become required by law, by administrative or judicial order or by rule. 
 9.6 In case of any requests or demands for the inspection of the Shareholder records of any Fund, the Bank will endeavor to notify the Trust and to secure instructions from an authorized officer of the Trust as to such inspection. The Bank
reserves the right, however, to exhibit the Shareholder records to any person whenever it is advised by its counsel that it may be held liable for the failure to exhibit the Shareholder records to such person. 
  

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 9.7 The Trust, on behalf of each Fund, shall, or shall cause a third party to, prepare and file such
appropriate information returns concerning the payment and composition of dividends and capital gain distributions and tax withholding with the proper Federal, State and local authorities as are required by law to be filed by the Trust and shall
withhold such sums as are required to be withheld by applicable law. 
 10. Termination of Agreement 
 10.1 The term of this Agreement, with respect to each Fund, shall be one year commencing upon the date hereof (the “Initial Term”) and
shall automatically renew for additional one year terms unless any party provides written notice of termination at least ninety (90) days prior to the end of any one year term or, unless earlier terminated as provided below: 
 (a) Any party hereto may terminate this Agreement prior to the expiration of the Initial Term in the event the other party breaches any material provision
of this Agreement, including, without limitation in the case of the Trust, its obligations under Section 2.1, provided that the non-breaching party gives written notice of such breach to the breaching party and the breaching party does not cure
such violation within ninety (90) days of receipt of such notice. 
  (b) The Trust, on behalf of each Fund, may, terminate this
Agreement prior to the expiration of the Initial Term upon ninety (90) days’ prior written notice in the event that the managing owner determines to liquidate the Trust or any Fund and terminate its registration with the Securities and
Exchange Commission other than in connection with a merger or acquisition of the Trust. 
 (c) Termination by the Trust, on behalf of any
Fund, shall not affect this Agreement with respect to any other Fund. 
  10.2 Should the Trust, on behalf of any Fund, exercise its
right to terminate, all out-of-pocket expenses associated with the movement of records and material will be borne by the terminating Fund. Additionally, the Bank reserves the right to charge for any other reasonable expenses associated with such
termination. 
 10.3 The terms of Article 2 and Article 6 shall survive the termination of this Agreement. 
 11. [Section Reserved] 
 12. Assignment 
 12.1 Neither this Agreement nor any rights or obligations hereunder may be assigned by any party without the written consent of the other party.

 12.2 This Agreement shall inure to the benefit of and be binding upon the parties and their respective permitted successors and assigns.

  

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 13. Severability and Beneficiaries 
 13.1 In case any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions shall not in any
way be affected thereby. This Agreement shall extend to and shall be binding upon the parties hereto, and their respective successors and assigns; provided, however, that this Agreement shall not be assignable by the Trust, on behalf of any Fund,
and the Bank, and vice versa, without the written consent of the other. 
 14. Amendment 
 14.1 This Agreement may be amended or modified by a written agreement executed by both parties. 
 15. Choice of Law 
 15.1 Except with respect to
Section 6.4 above, which shall be construed, interpreted, and enforced in accordance with and governed by the laws of the State of Delaware, this Agreement shall be construed in accordance with the substantive laws of the State of New York,
without regard to conflicts of laws principles thereof. The Trust, on behalf of each Fund, and the Bank hereby consent to the jurisdiction of a state or federal court situated in New York City, New York in connection with any dispute arising
hereunder. The Trust, on behalf of each Fund, hereby irrevocably waives, to the fullest extent permitted by applicable law, any objection which it may now or hereafter have to the laying of venue of any such proceeding brought in such a court and
any claim that such proceeding brought in such a court has been brought in an inconvenient forum. The Trust, on behalf of each Fund, and the Bank each hereby irrevocably waives any and all rights to trial by jury in any legal proceeding arising out
of or relating to this Agreement. 
 16. Merger of Agreement 
 16.1 Except as expressly provided to the contrary from time-to-time in the written fee schedule approved by the parties and attached hereto, this Agreement constitutes the entire agreement between the parties hereto
and supersedes any prior agreement with respect to the subject matter hereof whether oral or written. 
 17. Limitations of Liability of the Trustee and
Shareholders 
 17.1 It is expressly acknowledged and agreed that the obligations of the Trust, on behalf of each Fund, hereunder shall not be
binding upon any shareholder, Trustee, officer, employee or agent of the Trust, personally. This Agreement has been duly authorized, executed and delivered by the Trust, on behalf of each Fund, and neither such authorization nor such execution and
delivery shall be deemed to have been made by any of them individually or to impose any liability on any of them personally. 
  

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 18. Counterparts 
 18.1 This Agreement may be executed by the parties hereto on any number of counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their names and on their behalf by and through their duly authorized
officers, as of the day and year first above written. 
  

			
	 POWERSHARES DB MULTI-SECTOR
 COMMODITY TRUST

		
	By:	 	DB COMMODITY SERVICES LLC,
		 	as Managing Owner of PowerShares DB
		 	Multi-Sector Commodity Trust
		
	By:	 	  

	Name: Kevin Rich
	Title: Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	 POWERSHARES DB MULTI-SECTOR
 COMMODITY TRUST WITH RESPECT TO

	POWERSHARES DB ENERGY FUND
		
	By:	 	DB COMMODITY SERVICES LLC,
		 	as Managing Owner of PowerShares DB
		 	Energy Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name	 	: Gregory Collett
	Title:	 	Chief Operating Officer

  

 - 11 - 

			
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB OIL FUND
		
	By:	 	DB COMMODITY SERVICES LLC,
		 	as Managing Owner of PowerShares DB
		 	Oil Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB PRECIOUS METALS FUND
		
	By:	 	 DB COMMODITY SERVICES LLC,
 as Managing Owner of
PowerShares DB

		 	Precious Metals Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB GOLD FUND
		
	By:	 	DB COMMODITY SERVICES LLC,
		 	as Managing Owner of PowerShares DB
		 	 Gold Fund

		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer

  

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	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB SILVER FUND
		
	By:	 	DB COMMODITY SERVICES LLC,
		 	as Managing Owner of PowerShares DB
		 	 Silver Fund

		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB BASE METALS FUND
		
	By:	 	 DB COMMODITY SERVICES LLC,
 as Managing Owner of
PowerShares DB

		 	 Base Metals Fund

		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB AGRICULTURE FUND
		
	By:	 	DB COMMODITY SERVICES LLC,
		 	as Managing Owner of PowerShares DB
		 	 Agriculture Fund

		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer

  

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	 THE BANK OF NEW YORK
 (the
“Bank”)

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 - 14 - 

 SCHEDULE A 
 PowerShares DB Energy Fund 
 PowerShares DB Oil Fund 
 PowerShares DB Precious Metals Fund 
 PowerShares DB Gold Fund 
 PowerShares DB Silver Fund 
 PowerShares DB Base Metals Fund 
 PowerShares DB Agriculture Fund 
  

 15 

 SCHEDULE B 
 BOOKS AND RECORDS TO BE MAINTAINED BY BANK 
 The Bank shall maintain separate
and distinct files for each Fund with respect to the following: 
 Source Documents requesting Creations and Redemptions

 Correspondence/AP Inquiries 
 Reconciliations, bank statements, copies of canceled checks, cash proofs 
 Daily/Monthly
reconciliation of outstanding units between the Trust and DTC 
 Net Asset Computation Documentation 
 Dividend Records 
 Keep on file copies of year-end Statements and Tax Forms prepared by each Fund’s accountants 
  

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 Exhibit A 
 Form of Participant Agreement 
  

 17 

 Fee Schedule 
  

 - 18 -Form of Distribution Services Agreement

 Exhibit 10.5 
  
 DISTRIBUTION SERVICES AGREEMENT 
  
 DISTRIBUTION SERVICES AGREEMENT dated as of
                    , 2006 (this “Agreement”) among PowerShares DB Multi-Sector Commodity Trust, a Delaware statutory trust
organized in series (the “Trust”), each series of the Trust as set forth on Schedule A attached hereto, and as it may be amended from time-to-time (individually, each a “Fund” and collectively, the
“Funds”), ALPS Distributors, Inc., a Colorado corporation and a registered broker-dealer under the Securities Exchange Act of 1934 (the “Distributor”), and DB Commodity Services LLC, a Delaware limited liability
company (the “Managing Owner”). Capitalized terms used but not defined in this Agreement shall have the meaning ascribed thereto in the Trust’s Prospectus included its Registration Statement on Form S-1 (Registration
No. 333-135422), as it may be amended from time-to-time. 
  
 WHEREAS, the Managing Owner serves as the sole managing owner of each Fund; and 
  
 WHEREAS, each Fund wishes to employ Distributor in connection with the performance of the services listed in Schedule B and additional services as may be agreed from time-to-time. 
  
 NOW, THEREFORE, in consideration of the mutual promises and undertakings
herein contained, the parties agree as follows: 
  
 1. Documents —
The Trust has furnished or will furnish, upon request, the Distributor with copies of the Trust’s or, as applicable, each Fund’s Amended and Restated Declaration of Trust, advisory agreement, custodian agreement, transfer agency agreement,
administration agreement, current prospectus, and statement of additional information, and all forms relating to any plan, program or service offered by each Fund. The Trust shall, on behalf of each Fund, furnish, within a reasonable time period, to
the Distributor a copy of any amendment or supplement to any of the above-mentioned documents. Upon request, the Trust, on behalf of each Fund, shall furnish promptly to the Distributor any additional documents necessary or advisable to perform its
functions hereunder. As used in this Agreement the terms “registration statement,” “prospectus” and “statement of additional information” shall mean any registration statement, prospectus and statement of additional
information filed by the Trust and each Fund with the Securities and Exchange Commission (“SEC”) and any amendments and supplements thereto that are filed with the SEC. 
  
 2. Authorized Representations — The Distributor is not authorized by the Trust or any Fund to give any information or to make
any representations other than those contained in the registration statement or prospectus and statement of additional information, or contained in shareholder reports or other material that may be prepared by or on behalf of the Trust or any Fund
for the Distributor’s use. Consistent with the foregoing, the Distributor may prepare and distribute sales literature or other material as it may deem appropriate in consultation with the Trust and the Managing Owner, provided such sales
literature complies with applicable law and regulations. 
  
 3. Registration of
Shares — The Trust agrees that it will take all action necessary to register the Shares of each Fund under the Securities Act (subject to the necessary approval of its shareholders). The Trust shall make available to the Distributor, at the
Distributor’s expense, such number of copies of its prospectus and statement of additional information as the Distributor may reasonably request. The Trust shall furnish to the Distributor copies of all information, financial statements and
other papers, which the Distributor may reasonably request for use in connection with the distribution of Shares of each Fund. 
  
 4. Fees and Fund Expenses — (a) In consideration of the services to be performed for each Fund by the Distributor hereunder as set forth on Schedule
B attached hereto and as it may be amended from time-to-time, the Managing Owner will pay the Distributor a fee in an amount to be agreed upon in writing by 

 the parties hereto from time-to-time, subject to any limitation imposed by any law, rule or regulation applicable to any
of the parties hereto. It is understood and agreed among the parties hereto that certain of the services to be performed by the Distributor hereunder will be performed using registered representatives of the Distributor who are affiliates or
employees of PowerShares Capital Management LLC. 
  
 (b) The
Managing Owner shall reimburse the Distributor for any reasonable fees or disbursements incurred by the Distributor in connection with the performance by the Distributor of its duties under and pursuant to this Agreement with the prior written
consent of the Managing Owner. Further, unless otherwise agreed to by the parties hereto in writing, the Distributor shall not be responsible for fees and expenses in connection with (a) filing of any registration statement, printing and the
distribution of any prospectus and statement of additional information under the Securities Act and amendments prepared for use in connection with the offering of Shares for sale to the public, preparing, setting in type, printing and mailing the
prospectus, statement of additional information and any supplements thereto sent to existing shareholders, (b) preparing, setting in type, printing and mailing any report (including annual and semi-annual reports) or other communication to
shareholders of the Funds, and (c) the Blue Sky registration and qualification of Shares for sale in the various states in which the officers of each Fund shall determine it advisable to qualify such Shares for sale (including registering the
Trust or any Fund as a broker or dealer or any officer of the Trust or any Fund as agent or salesman in any state). 
  
 (c) The payments to the Distributor under subsections 4(a) and 4(b) will not, in the aggregate, exceed 9% of the aggregate dollar amount of the offering
(an amount equal to $31,500,000 of the $350,000,000 ($50,000,000 per Fund) registered on the initial Registration Statement on Form S-1 in respect of the Funds). The Trust, on behalf of each Fund, will advise the Distributor if the payments
described hereunder must be limited, when combined with selling commissions charged by other NASD members, in order to comply with the 10% limitation on total underwriters’ compensation pursuant to NASD Rule 2810. 
  
 5. Use of the Distributor’s Name — Neither the Trust nor any Fund shall use
the name of the Distributor, or any of its affiliates, in any prospectus or statement of additional information, sales literature, and other material relating to the Funds in any manner without the prior written consent of the Distributor (which
shall not be unreasonably withheld); provided, however, that the Distributor hereby approves all lawful uses of the names of the Distributor and its affiliates in the prospectus and statement of additional information of each Fund and
in all other materials which merely refer to accurate terms to their appointment hereunder or which are required by the SEC, NASD, OCC or any state securities authority. 
  
 6. Use of the Trust’s and Funds’ Name — Neither the Distributor nor any of its affiliates shall use the name of the
Trust or any Fund in any publicly disseminated materials, including sales literature in any manner without the prior consent of the Trust and/or the applicable Fund (which shall not be unreasonably withheld); provided, however, that
the Trust and each Fund hereby approve all lawful uses of their respective names in any required regulatory filings of the Distributor which merely refer in accurate terms to the appointment of the Distributor hereunder, or which are required by the
SEC, NASD, OCC or any state securities authority. 
  
 7. Indemnification
— Subject to the limitations set forth in Paragraph 12 below, each Fund agrees to indemnify and hold harmless the Distributor and each of its directors and officers and each person, if any, who controls the Distributor within the meaning of
Section 15 of the Securities Act, against any loss, liability, claim, damage or expense (including the reasonable cost of investigating or defending any alleged loss, liability, claim, damage or expense and reasonable counsel fees incurred in
connection therewith) arising by reason of any person acquiring any Shares, based upon the ground that the 
  

 2 

 registration statement, prospectus, statement of additional information, shareholder reports or other information filed
or made public by any Fund (as from time-to-time amended) included an untrue statement of a material fact or omitted to state a material fact required to be stated or necessary in order to make the statements not misleading under the Securities Act
or any other statute or the common law. However, each Fund does not agree to indemnify the Distributor or hold it harmless to the extent that the statement or omission was made in reliance upon, and in conformity with, information furnished to it by
or on behalf of the Distributor. In no case (i) is the indemnity of any Fund in favor of the Distributor or any person indemnified to be deemed to protect the Distributor or any person against any liability to a Fund or its security holders to
which the Distributor or such person would otherwise be subject by reason of willful misfeasance, bad faith or negligence in the performance of its duties or by reason of its reckless disregard of its obligations and duties under this Agreement, or
(ii) is a Fund to be liable under its indemnity agreement contained in this paragraph with respect to any claim made against the Distributor or any person indemnified unless the Distributor or person, as the case may be, shall have notified the
applicable Fund in writing of the claim promptly after the summons or other first written notification giving information of the nature of the claims shall have been served upon the Distributor or any such person (or after the Distributor or such
person shall have received notice of service on any designated agent). However, failure to notify a Fund of any claim shall not relieve that Fund from any liability which it may have to any person against whom such action is brought otherwise than
on account of its indemnity agreement contained in this paragraph. Each Fund shall be entitled to participate at its own expense in the defense, or, if it so elects, to assume the defense of any suit brought to enforce any claims, and if a Fund
elects to assume the defense, the defense shall be conducted by counsel chosen by such Fund. In the event a Fund elects to assume the defense of any suit and retain counsel, the Distributor, officers or directors or controlling person(s),
defendant(s) in the suit, shall bear the fees and expenses of any additional counsel retained by them. If a Fund does not elect to assume the defense of any suit, it will reimburse the Distributor, officers or directors or controlling person(s) or
defendant(s) in the suit for the reasonable fees and expenses of any counsel retained by them. Each Fund agrees to notify the Distributor promptly of the commencement of any litigation or proceeding against it or any of its officers in connection
with the issuance or sale of any of the Shares. 
  
 The Distributor also covenants
and agrees that it will indemnify and hold harmless the Trust and each Fund, the Managing Owner, and each of their respective officers, representatives or agents and person, if any, who controls the Trust and each Fund or the Managing Owner within
the meaning of Section 15 of the Securities Act (each, an “Indemnified Party”), against any loss, liability, damage, claim or expense (including the reasonable cost of investigating or defending any alleged loss, liability,
damage, claim or expense and reasonable counsel fees incurred in connection therewith) arising by reason of any person acquiring any Shares, based upon the Securities Act or any other statute or common law, alleging (a) any wrongful act of the
Distributor or any of its employees or (b) that any sales literature, advertisements, information, statements or representations used or made by the Distributor or any of its affiliates or employees or that the registration statement,
prospectus, statement of additional information, (as from time-to-time amended) included an untrue statement of a material fact or omitted to state a material fact required to be stated or necessary in order to make the statements not misleading,
insofar as the statement or omission was made in reliance upon, and in conformity with, information furnished to such Fund or Managing Owner by or on behalf of the Distributor. In no case (i) is the indemnity of the Distributor in favor of any
Indemnified Party to be deemed to protect any such party against any liability to which the Indemnified Party would otherwise be subject by reason of willful misfeasance, bad faith or negligence in the performance of its duties or by reason of its
reckless disregard of its obligations and duties under this Agreement, or (ii) is the Distributor to be liable under its indemnity agreement contained in this paragraph with respect to any claim made against any Indemnified Party unless such
Indemnified Party shall have notified the Distributor in writing of the claim promptly after the summons or other first written notification giving information of the nature of the claim shall have been served upon such Indemnified Party (or after
such Indemnified Party shall have received notice of service on any designated agent). However, failure to notify the Distributor of any claim shall not relieve the Distributor from any liability 
  

 3 

 which it may have to the Indemnified Party against whom the action is brought otherwise than on account of its indemnity
agreement contained in this paragraph. In the case of any notice to the Distributor it shall be entitled to participate, at its own expense, in the defense or, if it so elects, to assume the defense of any suit brought to enforce the claim, and if
the Distributor elects to assume the defense, the defense shall be conducted by counsel chosen by it and satisfactory to the Indemnified Party, to its officers and to any controlling person(s) or defendant(s) in the suit. In the event that the
Distributor elects to assume the defense of any suit and retain counsel, the Indemnified Party or controlling person(s), defendant(s) in the suit, shall bear the fees and expense of any additional counsel retained by them. If the Distributor does
not elect to assume the defense of any suit, it will reimburse the Indemnified Party, officers or controlling person(s), defendant(s) in the suit, for the reasonable fees and expenses of any counsel retained by them. The Distributor agrees to notify
the Indemnified Party promptly of the commencement of any litigation or proceedings against it in connection with the Indemnified Party and sale of any of the Shares. 
  
 8. Supplemental Information — The Distributor and the Trust, on behalf of each Fund, shall regularly consult with each other
regarding the Distributor’s performance of its obligations under this Agreement. In connection therewith, the Trust, on behalf of each Fund shall submit to the Distributor at a reasonable time in advance of filing with the SEC reasonably final
copies of any amended or supplemented registration statement (including exhibits) under the Securities Act; provided, however, that nothing contained in this Agreement shall in any way limit the Trust’s or any Fund’s right to
file at any time such amendments to any registration statement and/or supplements to any prospectus or statement of additional information, of whatever character, as the Trust or such Fund may deem advisable, such right being in all respects
absolute and unconditional. 
  
 The Distributor acknowledges that the only
information provided to it by the Trust and each Fund is that contained in the registration statement, the prospectus, the statement of additional information and reports and financial information referred to herein. Neither the Distributor nor any
other person is authorized by the Trust or any Fund to give any information or to make any representations, other than those contained in such documents and any sales literature or advertisements specifically approved by appropriate representatives
of the Trust, on behalf of each Fund. 
  
 9. Term — This Agreement
shall become effective as of                     , 2006, and shall continue until two years from such date and thereafter shall continue
automatically for successive annual periods, provided that such continuance is specifically approved (with respect to each individual Fund) at least annually by the Managing Owner. This Agreement is terminable, with respect to each individual Fund,
without penalty on sixty (60) days’ written notice by the Managing Owner or by the Distributor. This Agreement shall automatically terminate in the event of its assignment. 
  
 Upon the termination of this Agreement by any one or more of the Funds, at the expense and direction of the applicable Fund, the Distributor
shall transfer to such successor, as the applicable Fund shall specify all relevant books, records and other data established or maintained by the Distributor for such Fund under this Agreement. 
  
 10. Notice — Any notice required or permitted to be given by any party to another
party shall be deemed sufficient if sent by (i) telecopier (fax) or (ii) registered or certified mail, postage prepaid, addressed by the party giving notice to the other party at the last address furnished by the other party to the party
giving notice: 
  
 if to the Trust, any Fund or the Managing
Owner, at: 
  
 DB Commodity Services LLC 
 60 Wall Street 
 New York, New York 10005

  

 4 

 Attn: Kevin Rich 
  
 if to the Distributor at: 
  
 1625 Broadway, Suite 2200, 
 Denver, Colorado,
80202 
 Attn: General Counsel 
  
 or such other telecopier (fax) number or address as may be furnished by one party to the other. 
  
 11. Confidential Information — The Distributor, its officers, directors,
employees and agents will treat confidentially and as proprietary information of each Fund, all records and other information relative to each Fund and to prior or present shareholders or to those persons or entities who respond to the
Distributor’s inquiries concerning investment in a particular Fund, and will not use such records and information for any purposes other than performance of its responsibilities and duties hereunder. If the Distributor is requested or required
by, but not limited to, depositions, interrogatories, requests for information or documents, subpoena, civil investigation, demand or other action, proceeding or process or as otherwise required by law, statute, regulation, writ, decree or the like
to disclose such information, the Distributor will provide the applicable Fund with prompt written notice of any such request or requirement so that particular Fund may seek an appropriate protective order or other appropriate remedy and/or waive
compliance with this provision. If such order or other remedy is not sought, or obtained, or waiver not received within a reasonable period following such notice, then the Distributor may without liability hereunder, disclose to the person, entity
or agency requesting or requiring the information, that portion of the information that is legally required in the reasonable opinion of the Distributor’s counsel. 
  
 12. Limitation of Liability —The Distributor agrees that, pursuant to Section 3804(a) of the Delaware Statutory Trust Act,
the liabilities of each Fund shall be limited such that (a) the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing and relating to this Agreement with respect to a particular Fund shall be enforceable
against the assets of that particular Fund only, and not against the assets of the Trust generally or the assets of any other Fund and (b) none of the debts, liabilities, obligations and expenses incurred, contracted for, or otherwise existing
and relating to this Agreement with respect to the Trust generally and any other Fund shall be enforceable against the assets of such particular Fund. The Distributor further agrees that it shall not seek satisfaction of any such obligation from the
shareholders, any individual shareholder, officer, representative or agent of the Trust or any Fund, nor shall the Distributor seek satisfaction of any such obligation from the Managing Owner, its members, managers, directors or officers.

  
 Obligations of the Trust or any Fund entered into in the name or on behalf
thereof by the Managing Owner, members managers, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Managing Owner, members, managers, or officers, representatives or agents
personally, but bind only the property of a particular Fund party to said obligation, and all persons dealing with such Fund must look solely to that Fund’s property for the enforcement of any claims against that Fund. 
  
 13. Miscellaneous — Each party agrees to perform such further acts and execute
such further documents as are necessary to effectuate the purposes hereof. Except with respect to Paragraph 12 above, which shall be construed, interpreted, and enforced in accordance with and governed by the laws of the State of Delaware, this
Agreement shall be construed, interpreted, and enforced in accordance with and governed by the laws of the State of Colorado. The captions in this Agreement are included for convenience of reference only and in no way define or delimit any of the
provisions hereof or otherwise affect their construction or effect. This Agreement may not be changed, waived, discharged or amended except by written instrument that shall make specific reference to this Agreement and which shall be 
  

 5 

 signed by the party against which enforcement of such change, waiver, discharge or amendment is sought. This Agreement
may be executed simultaneously in two or more counterparts, each of which taken together shall constitute one and the same instrument. 
  
 All activities by the Distributor and its agents and employees as distributor of the Shares shall comply with all applicable laws, rules and regulations including,
without limitation, all rules and regulations made or adopted by the SEC or any securities association registered under the Exchange Act. 
  
 The Distributor will promptly transmit any orders received by it for purchase, redemption or exchange of the Shares to the Fund’s transfer agent. 
  
 Remainder of page intentionally left blank. Signature page follows.

  

 6 

 IN WITNESS WHEREOF, each of the undersigned have executed this instrument in its name and behalf,
and the Distributor has executed this instrument in its name and behalf, as of the date and year first above written. 
  

					
	POWERSHARES DB MULTI-SECTOR
	COMMODITY TRUST
	      By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of PowerShares
	 	 	 	 	DB Multi-Sector Commodity Trust
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB ENERGY FUND
	      By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of PowerShares DB
	 	 	 	 	Energy Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB OIL FUND
	      By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of PowerShares DB
	 	 	 	 	Oil Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer

  

 7 

					
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO
	POWERSHARES DB PRECIOUS METALS FUND
	      By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of PowerShares DB
	 	 	 	 	Precious Metals Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO
	POWERSHARES DB GOLD FUND
	      By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of PowerShares DB
	 	 	 	 	Gold Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	POWERSHARES DB MULTI-SECTOR
	COMMODITY TRUST WITH RESPECT TO POWERSHARES DB SILVER FUND
	      By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of PowerShares DB
	 	 	 	 	Silver Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer

  

 8 

					
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB BASE METALS FUND
	      By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of PowerShares DB
	 	 	 	 	Base Metals Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB AGRICULTURE FUND
	      By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of PowerShares DB
	 	 	 	 	Agriculture Fund
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	ALPS DISTRIBUTORS, INC.
		
	By:	 	  

	Name:	 	Jeremy O. May
	Title:	 	Managing Director
	
	DB COMMODITY SERVICES LLC
		
	By:	 	  

	Name:	 	Kevin Rich
	Title:	 	Director and Chief Executive Officer
		
	By:	 	  

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer

  

 9 

 Schedule A 
  
 List of Funds 
  
 Dated as of                     , 2006

  
 PowerShares DB Energy Fund 
 PowerShares DB Oil Fund 
 PowerShares DB Precious Metals Fund 
 PowerShares DB Gold Fund 
 PowerShares DB Silver Fund 
 PowerShares DB Base Metals Fund 
 PowerShares DB Agriculture Fund 

 

 10 

 Schedule B 
  
 List of Services for Each Fund 
  
 Dated as of
                    , 2006 
  

	•	 	Review distribution related legal documents and contracts. 

  

	•	 	Coordinate the processing of share creations with each Fund’s transfer agent. 

  

	•	 	Coordinate and help to maintain separate and distinct creation and redemption records for each Fund. 

  

	•	 	Consult with sponsor’s marketing staff on development of NASD compliant marketing campaigns. 

  

	•	 	Review and file all marketing materials (including internet sites) with NASD. 

  

	•	 	Consult with sponsor on marketing/sales strategy. 

  

	•	 	800 line telephone servicing. 

  

	•	 	Maintain certain books and records in respect of the Funds as listed on Schedule A to that certain Acknowledgment dated as of August 29, 2006, by and among DB Commodity
Services LLC, a commodity pool operator of each Fund and each of their respective corresponding master funds, The Bank of New York and ALPS Distributors, Inc., as amended from time-to-time. 

  

	•	 	Perform such additional marketing and distribution related services as may be agreed among the parties from time-to-time. 

  

 11

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