Document:

Form of Administration Agreement

 Exhibit 10.2 
  
 FUND ADMINISTRATION AND ACCOUNTING AGREEMENT 
  
 AGREEMENT made as of             
    , 2006, by and between each entity listed on Exhibit A hereto (each, a “Fund”; collectively, the “Funds”), each a separate series of PowerShares DB Multi-Sector Commodity Trust (the
“Trust”) and DB Multi-Sector Commodity Master Trust, as applicable (the “Master Trust,” and collectively with the Trust, referred to as the “Trusts”), and The Bank of New York, a New York banking organization
(“BNY”). 
  
 W I T N E
S S E T H: 
  
 WHEREAS, each
Fund desires to retain BNY to provide the services described herein, and BNY is willing to provide such services, all as more fully set forth below; 
  
 NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, the parties hereby agree as follows: 
  
 1. Appointment. 
  
 Each Fund hereby appoints BNY as its agent for the term of this Agreement to
perform the services described herein. BNY hereby accepts such appointment and agrees to perform the duties hereinafter set forth. 
  
 2. Representations and Warranties. 
  
 Each of the Trust and Master Trust, on behalf of each corresponding Fund, as applicable, hereby represents and warrants to BNY, which representations and
warranties shall be deemed to be continuing, that: 
  
 (a) Each
of the Trust and Master Trust is duly organized and existing under the laws of the jurisdiction of its organization, with full power to carry on its business as now conducted, to enter into this Agreement on behalf of each Fund and to perform its
obligations hereunder; 
  
 (b) This Agreement has been duly
authorized, executed and delivered by the Trusts in accordance with all requisite action and constitutes a valid and legally binding obligation of each Fund, enforceable in accordance with its terms; 
  
 (c) The Trusts and each Fund are conducting their respective businesses in
compliance with all applicable laws and regulations, both state and federal, and have obtained all regulatory licenses, approvals and consents necessary to carry on their respective businesses as now 

 conducted; there is no statute, regulation, rule, order or judgment binding on it and no provision of its charter or
by-laws, nor of any mortgage, indenture, credit agreement or other contract binding on it or affecting its property which would prohibit its execution or performance of this Agreement; and 
  
 (d) To the extent the performance of any services described in Schedule II
attached hereto by BNY in accordance with the then effective Prospectus (as hereinafter defined) for the Funds would violate any applicable laws or regulations, the Funds shall immediately so notify BNY in writing and thereafter shall either
furnish BNY with the appropriate valuations, net asset value or other computation, as the case may be, or, subject to the prior approval of BNY, instruct BNY in writing to value assets and/or compute net asset value or other computations in a manner
each Fund specifies in writing, and either the furnishing of such values or the giving of such instructions shall constitute a representation by such Fund that the same is consistent with all applicable laws and regulations and with its Prospectus.

  
 3. Delivery of Documents. 
  
 (a) The Trusts and each Fund will promptly deliver to BNY true and correct
copies of each of the following documents, as applicable, as currently in effect and will promptly deliver to it all future amendments and supplements thereto, if any: 
  
 (i) The Trust’s organizational document and all amendments thereto (the “Charter”); 
  
 (ii) The Trusts’ registration statement most recently filed with the
Securities and Exchange Commission (the “SEC”) relating to the shares of the Fund (the “Registration Statement”) and the prospectus therein contained (the “Prospectus”); 
  
 (b) Each copy of the certificate of trust for the Trust and Master Trust
shall be certified by the Secretary of State (or other appropriate official) of the State of Delaware, and if the certificate of trust for the Trust and Master Trust is required by law also to be filed with a county or other officer or official
body, a certificate of such filing shall be filed with a certified copy submitted to BNY. Each copy of the Registration Statement and Prospectus, and all amendments thereto, shall be certified by DB Commodity Services LLC, in its capacity as
managing owner (the “Managing Owner”) of each of the Funds. 
  
 (c) It shall be the sole responsibility of the Trust and Master Trust to deliver to BNY the currently effective Prospectus with respect to each Fund and BNY shall not be deemed to have notice of any information contained in such Prospectus
until it is actually received by BNY. 
  

 2 

 4. Duties and Obligations of BNY. 
  
 (a) Subject to the direction and control of DB Commodity Services LLC, in its capacity as managing owner of each of the
Funds, and the provisions of this Agreement, BNY shall provide separately to each Fund (i) the administrative services set forth on Schedule I attached hereto and (ii) the valuation and computation services listed on Schedule
II attached hereto. Without limiting the foregoing, it is agreed that all services with respect to federal, state and local income tax matters, including the preparation and filing of returns and reports, shall be provided by a third party
retained by or on behalf of the Funds, initially Price Waterhouse Coopers, and not by the Bank. 
  
 (b) In performing hereunder, BNY shall provide, at its expense, office space, facilities, equipment and personnel. 
  
 (c) BNY shall not provide any services relating to the management, investment
advisory or sub-advisory functions of any Fund, distribution of shares of any Fund, maintenance of any Fund’s financial records, other than those listed in Schedules I and II attached hereto, or other services normally performed by the
Funds’ respective counsel or independent auditors. 
  
 (d)
Upon receipt of a Fund’s prior written consent (which shall not be unreasonably withheld), BNY may delegate any of its duties and obligations hereunder to any delegee or agent whenever and on such terms and conditions as it deems necessary or
appropriate. Notwithstanding the foregoing, no Fund consent shall be required for any such delegation to any other subsidiary of The Bank of New York Company, Inc. BNY shall not be liable to any Fund for any loss or damage arising out of, or in
connection with, the actions or omissions to act of any delegee or agent utilized hereunder so long as BNY acts in good faith and without negligence or willful misconduct in the selection of such delegee or agent. 
  
 (e) Each Fund shall cause its officers, advisors, sponsor, distributor, legal
counsel, independent accountants, current administrator (if any) and transfer agent to cooperate with BNY and to provide BNY, upon request, with such information, documents and advice relating to such Fund as is within the possession or knowledge of
such persons, in order to enable BNY to perform its duties hereunder. In connection with its duties hereunder, BNY shall be entitled to rely, and shall be held harmless by each Fund when acting in reliance, upon the information, documents and advice
relating to such Fund provided to BNY by any of the aforementioned persons or Proper Instructions (as hereinafter defined). BNY shall not be liable for any loss, damage or expense resulting from or arising out of the failure of the Fund to cause any
information, documents or advice to be provided to BNY as provided herein. All fees or costs charged by such persons shall be borne by the appropriate Fund. 
  

 3 

 (f) Nothing in this Agreement shall limit or restrict BNY, any affiliate of BNY or any officer or
employee thereof from acting for or with any third parties, and providing services similar or identical to same or all of the services provided hereunder. 
  
 (g) Each Fund shall furnish BNY with any and all instructions, explanations, information, specifications and documentation deemed necessary by BNY in the
performance of its duties hereunder, including, without limitation, the amounts or written formula for calculating the amounts and times of accrual of Fund liabilities and expenses. BNY shall not be required to include as Fund liabilities and
expenses, nor as a reduction of net asset value, any accrual for any federal, state, or foreign income taxes unless the Fund shall have specified to BNY the precise amount of the same to be included in liabilities and expenses or used to reduce net
asset value. Each Fund shall also furnish BNY by Proper Instruction with bid, offer, or market values of assets if BNY notifies such Fund that same are not available to BNY from a pricing or similar service utilized, or subscribed to, by BNY which
BNY in its judgment deems reliable at the time such information is required for calculations hereunder. At any time and from time-to-time, the Fund also may furnish BNY by Proper Instruction with bid, offer, or market values of assets and instruct
BNY to use such information in its calculations hereunder. BNY shall at no time be required or obligated to commence or maintain any utilization of, or subscriptions to, any pricing or similar service. In no event shall BNY be required to determine,
or have any obligations with respect to, whether a market price represents any fair or true value, nor to adjust any price to reflect any events or announcements, including, without limitation, those with respect to the issuer thereof, it being
agreed that all such determinations and considerations shall be solely for the Fund. 
  
 (h) BNY may apply to an officer of any Fund for Proper Instructions with respect to any matter arising in connection with BNY’s performance hereunder for such Fund, and BNY shall not be liable for any action
taken or omitted to be taken by it in good faith in accordance with such Proper Instructions. Such application for Proper Instructions may, at the option of BNY, set forth in writing any action proposed to be taken or omitted to be taken by BNY with
respect to its duties or obligations under this Agreement and the date on and/or after which such action shall be taken, and BNY 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, BNY has received Proper Instructions in response to such application specifying the action to be taken or omitted. 
  

 4 

 (i) BNY may consult with counsel to the appropriate Fund or its own counsel, at such Fund’s expense,
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. 
  
 (j) Notwithstanding any other provision contained in this Agreement or Schedule I or II attached hereto, BNY shall have no duty or obligation to
with respect to, including, without limitation, any duty or obligation to determine, or advise or notify any Fund of: (i) the taxable nature of any distribution or amount received or deemed received by, or payable to, a Fund, (ii) the
taxable nature or effect on a Fund or its shareholders of any corporate actions, class actions, tax reclaims, tax refunds or similar events, (iii) the taxable nature or taxable amount of any distribution or dividend paid, payable or deemed
paid, by a Fund to its shareholders; or (iv) the effect under any federal, state, or foreign income tax laws of a Fund making or not making any distribution or dividend payment, or any election with respect thereto. 
  
 (k) BNY shall have no duties or responsibilities whatsoever except such
duties and responsibilities as are specifically set forth in this Agreement and Schedules I and II attached hereto, and no covenant or obligation shall be implied against BNY in connection with this Agreement. 
  
 (l) BNY, in performing the services required of it under the terms of this
Agreement, shall be entitled to rely fully on the accuracy and validity of any and all Proper Instructions furnished to it by a Fund and shall have no duty or obligation to review the accuracy, validity or propriety of such Proper Instructions
including, without limitation, evaluations; the amounts or formula for calculating the amounts and times of accrual of liabilities and expenses; the amounts receivable and the amounts payable on the sale or purchase of assets; and amounts receivable
or amounts payable for the sale or redemption of Fund shares effected by or on behalf of a Fund. In the event BNY’s computations hereunder rely, in whole or in part, upon information, including, without limitation, bid, offer or market values
of assets, or accruals of interest or earnings thereon, from a pricing or similar service utilized, or subscribed to, by BNY which BNY in its judgment deems reliable, BNY shall not be responsible for, under any duty to inquire into, or deemed to
make any assurances with respect to, the accuracy or completeness of such information. Without limiting the generality of the foregoing, BNY shall not be required to inquire into any valuation of other assets by a Fund or any third party described
in this (l) even though BNY in performing services similar to the services provided pursuant to this Agreement for others may receive different valuations of the same or different securities of the same issuers. 
  
 (m) BNY, in performing the services required of it under the terms of this
Agreement, shall not be responsible for determining whether any interest accruable to a Fund is or will be actually paid, but will accrue such interest until otherwise instructed by such Fund. 
  

 5 

 (n) BNY shall not be responsible for delays or errors which occur by reason of circumstances beyond its
control in the performance of its duties under this Agreement, including, without limitation, labor difficulties within or without BNY, mechanical breakdowns, flood or catastrophe, acts of God, failures of transportation, interruptions, loss, or
malfunctions of utilities, communications or computer (hardware or software) services. Nor shall BNY be responsible for delays or failures to supply the information or services specified in this Agreement where such delays or failures are caused by
the failure of any person(s) other than BNY to supply any instructions, explanations, information, specifications or documentation deemed necessary by BNY in the performance of its duties under this Agreement. 
  
 (o) BNY shall provide the Funds with custodial and transfer agency services
on BNY’s standard terms for no additional consideration. 
  
 5. Allocation of Expenses. 
  
 Except as
otherwise provided herein, all costs and expenses arising or incurred in connection with the performance of this Agreement shall be paid by the appropriate Fund, including but not limited to, organizational costs and costs of maintaining corporate
existence, taxes, interest, brokerage fees and commissions, insurance premiums, compensation and expenses of such Fund’s officers or employees, legal, accounting and audit expenses, management, advisory, sub-advisory, administration and
shareholder servicing fees, charges of custodians, transfer and dividend disbursing agents, expenses (including clerical expenses) incident to the issuance, redemption or repurchase of Fund shares, fees and expenses incident to the registration or
qualification under federal or state securities laws of each Fund or its shares, costs (including printing and mailing costs) of preparing and distributing Prospectuses, reports, notices and proxy material to such Fund’s shareholders, all
expenses incidental to holding meetings of such Fund’s shareholders, and extraordinary expenses as may arise, including litigation affecting such Fund and legal obligations relating thereto for which the Fund may have to indemnify third
parties. BNY shall maintain separate and distinct records with respect to all costs and expenses for each Fund. 
  
 6. Standard of Care; Indemnification. 
  
 (a) Except as otherwise provided herein, BNY shall not be liable for any costs, expenses, damages, liabilities or claims (including attorneys’ and
accountants’ fees) incurred by a Fund, except those costs, expenses, damages, liabilities or claims arising out of BNY’s own gross negligence or willful misconduct. In no event shall BNY be liable to any Fund or any third party for
special, indirect or 
  

 6 

 consequential damages, or lost profits or loss of business, arising under or in connection with this Agreement, even if
previously informed of the possibility of such damages and regardless of the form of action. BNY shall not be liable for any loss, damage or expense, including counsel fees and other costs and expenses of a defense against any claim or liability,
resulting from, arising out of, or in connection with its performance hereunder, including its actions or omissions, the incompleteness or inaccuracy of any Proper Instructions, or for delays caused by circumstances beyond BNY’s control, unless
such loss, damage or expense arises out of the gross negligence or willful misconduct of BNY. 
  
 (b) Subject to the limitations set forth in Section 7 below, each Fund shall indemnify and hold harmless BNY from and against any and all costs, expenses, damages, liabilities and claims (including claims
asserted by a Fund), and reasonable attorneys’ and accountants’ fees relating thereto, which are sustained or incurred or which may be asserted against BNY, by reason of or as a result of any action taken or omitted to be taken by BNY in
good faith hereunder or in reliance upon (i) any law, act, regulation or interpretation of the same even though the same may thereafter have been altered, changed, amended or repealed, (ii) the Trust’s Registration Statement or
Prospectus, (iii) any Proper Instructions, or (iv) any opinion of legal counsel for each Fund, or arising out of transactions or other activities of such Fund which occurred prior to the commencement of this Agreement; provided,
that no Fund shall indemnify BNY for costs, expenses, damages, liabilities or claims for which BNY is liable under preceding Section 6(a). This indemnity shall be a continuing obligation of each Fund, its successors and assigns, notwithstanding
the termination of this Agreement. Without limiting the generality of the foregoing, each Fund shall indemnify BNY against and save BNY harmless from any loss, damage or expense, including counsel fees and other costs and expenses of a defense
against any claim or liability, arising from any one or more of the following: 
  
 (i) Errors in records or instructions, explanations, information, specifications or documentation of any kind, as the case may be, supplied to BNY by any third party described above or by or on behalf of a Fund;

  
 (ii) Action or inaction taken or omitted to be taken by BNY
pursuant to Proper Instructions of a Fund or otherwise without gross negligence or willful misconduct; 
  
 (iii) Any action taken or omitted to be taken by BNY in good faith in accordance with the advice or opinion of counsel for a Fund or its own counsel;

  
 (iv) Any improper use by a Fund or its agents, distributor or
investment advisor of any valuations or computations supplied by BNY pursuant to this Agreement; 
  

 7 

 (v) The method of valuation and the method of computing net asset value; or 
  
 (vi) Any valuations or net asset value provided by a Fund. 
  
 (c) Actions taken or omitted in reliance on Proper Instructions, or upon any
information, order, indenture, stock certificate, power of attorney, assignment, affidavit or other instrument believed by BNY to be genuine or bearing the signature of a person or persons believed to be authorized to sign, countersign or execute
the same, or upon the opinion of legal counsel for a Fund or its own counsel, shall be conclusively presumed to have been taken or omitted in good faith. 
  
 7. Limitation of Liability. 
  
 BNY 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 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. BNY 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 BNY seek satisfaction of any such obligation from the Managing Owner, its members, managers, directors or officers. 
  
 8. Compensation. 
  
 For the services provided hereunder, each Fund agrees to pay BNY such
compensation as is mutually agreed from time-to-time and such out-of-pocket expenses (e.g., telecommunication charges, postage and delivery charges, record retention costs, reproduction charges and transportation and lodging costs) as are
incurred by BNY in performing its duties hereunder. Except as hereinafter set forth, compensation shall be calculated and accrued daily and paid monthly. Each Fund authorizes BNY to debit such Fund’s custody account for all amounts due and
payable hereunder. BNY shall deliver to each Fund invoices for services rendered after debiting such Fund’s custody account with an indication that payment has been made. Upon termination of this Agreement before the end of any month, the
compensation for such part of a month shall be prorated according to the proportion which such period bears to the full monthly period and shall be payable upon the effective date of termination of this Agreement. For the purpose of determining
compensation payable to BNY, each Fund’s net asset value shall be computed at the times and in the manner specified in the Fund’s Prospectus. 
  

 8 

 9. Term of Agreement. 
  
 (a) This Agreement shall continue until terminated by either BNY giving to a Fund, or a Fund giving to BNY, a notice in
writing specifying the date of such termination, which date shall be not less than ninety (90) days after the date of the giving of such notice. Upon termination hereof, the affected Fund(s) shall pay to BNY such compensation as may be due as
of the date of such termination, and shall reimburse BNY for any disbursements and expenses made or incurred by BNY and payable or reimbursable hereunder. Termination of this Agreement by any Fund shall not constitute termination by any other fund
unless separate notice is given. 
  
 (b) Notwithstanding the
foregoing, BNY may terminate this Agreement upon thirty (30) days prior written notice to a Fund if such Fund shall terminate its custody agreement with The Bank of New York, or fail to perform its obligations hereunder in a material respect.

  
 10. Authorized Persons. 
  
 Attached hereto as Exhibit B is a list of persons duly authorized to
execute this Agreement and give any written or oral instructions, or written or oral specifications, by or on behalf of such Fund. From time-to-time each Fund may deliver a new Exhibit B to add or delete any person and BNY shall be entitled
to rely on the last Exhibit B actually received by BNY. Any instructions or specifications from any such persons are referred to as “Proper Instructions.” 
  
 11. Amendment. 
  
 This Agreement may not be amended or modified in any manner except by a written agreement executed by BNY and the Fund to be bound thereby. 
  
 12. Assignment. 
  
 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 any Fund without the written consent of BNY, or by BNY without the written consent of the affected Fund. 
  
 13. Governing Law; Consent to Jurisdiction. 
  
 Except with respect to Paragraph 7 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 
  

 9 

 construed in accordance with the laws of the State of New York, without regard to conflict of laws principles thereof.
Each Fund hereby consents to the jurisdiction of a state or federal court situated in New York City, New York in connection with any dispute arising hereunder, and waives to the fullest extent permitted by law its right to a trial by jury. Other
than as contemplated by paragraph 7 above, the extent that in any jurisdiction any Fund may now or hereafter be entitled to claim, for itself or its assets, immunity from suit, execution, attachment (before or after judgment) or other legal process,
such Fund irrevocably agrees not to claim, and it hereby waives, such immunity. 
  
 14. Severability. 
  
 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 or obligations shall not in any way be affected or
impaired thereby, and if any provision is inapplicable to any person or circumstances, it shall nevertheless remain applicable to all other persons and circumstances. 
  
 15. No Waiver. 
  
 Each and every right granted to BNY hereunder or under any other document delivered hereunder or in connection herewith, or allowed it by law or equity,
shall be cumulative and may be exercised from time-to-time. No failure on the part of BNY to exercise, and no delay in exercising, any right will operate as a waiver thereof, nor will any single or partial exercise by BNY of any right preclude any
other or future exercise thereof or the exercise of any other right. 
  
 16. Notices. 
  
 All notices, requests, consents
and other communications pursuant to this Agreement in writing shall be sent as follows: 
  
 if to a Fund, at 
  
 c/o DB
Commodity Services LLC 
 60 Wall Street 
 New York, New York 10005 
 Attention: Kevin Rich 
  

 10 

 if to BNY, at 
  

The Bank of New York 
 2 Hanson Place,
12th Floor 
 Brooklyn, New York 11217 
 Attention: Stephen Manners 
 Title: Vice President 
  
 or at such other place
as may from time-to-time be designated in writing. Notices hereunder shall be effective upon receipt. 
  
 17. Counterparts. 
  
 This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original; but such counterparts together shall
constitute only one instrument. 
  
 18. Several
Obligations. 
  
 The parties acknowledge that the obligations
of the Funds hereunder are several and not joint, that no Fund shall be liable for any amount owing by another Fund and that the Funds have executed one instrument for convenience only. 
  

 11 

 IN WITNESS WHEREOF, the parties hereto have caused the foregoing instrument to be executed by 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
	
	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

  

 12 

					
	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB PRECIOUS METALS
	      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

  

 13 

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

	 Name:
	 	 Kevin Rich

	 Title:
	 	 Director and Chief Executive Officer

		
	 By:
	 	  

	 Name:
	 	 Gregory Collett

	 Title:
	 	 Chief Operating Officer

	
	DB MULTI-SECTOR COMMODITY MASTER TRUST WITH RESPECT TO DB ENERGY MASTER FUND
	 	 	By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of DB Energy Master Fund
		
	 By:
	 	  

	 Name:
	 	 Kevin Rich

	 Title:
	 	 Director and Chief Executive Officer

		
	 By:
	 	  

	 Name:
	 	 Gregory Collett

	 Title:
	 	 Chief Operating Officer

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

	 Name:
	 	 Kevin Rich

	 Title:
	 	 Director and Chief Executive Officer

		
	 By:
	 	  

	 Name:
	 	 Gregory Collett

	 Title:
	 	 Chief Operating Officer

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

	 Name:
	 	 Kevin Rich

	 Title:
	 	 Director and Chief Executive Officer

		
	 By:
	 	  

	 Name:
	 	 Gregory Collett

	 Title:
	 	 Chief Operating Officer

	
	DB MULTI-SECTOR COMMODITY MASTER TRUST WITH RESPECT TO DB GOLD MASTER FUND
	 	 	By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of DB Gold Master Fund
		
	 By:
	 	  

	 Name:
	 	 Kevin Rich

	 Title:
	 	 Director and Chief Executive Officer

		
	 By:
	 	  

	 Name:
	 	 Gregory Collett

	 Title:
	 	 Chief Operating Officer

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

	 Name:
	 	 Kevin Rich

	 Title:
	 	 Director and Chief Executive Officer

		
	 By:
	 	  

	 Name:
	 	 Gregory Collett

	 Title:
	 	 Chief Operating Officer

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

	 Name:
	 	 Kevin Rich

	 Title:
	 	 Director and Chief Executive Officer

		
	 By:
	 	  

	 Name:
	 	 Gregory Collett

	 Title:
	 	 Chief Operating Officer

	
	DB MULTI-SECTOR COMMODITY MASTER TRUST WITH RESPECT TO DB AGRICULTURE MASTER FUND
	 	 	By:	 	DB COMMODITY SERVICES LLC,
	 	 	 	 	as Managing Owner of DB Agriculture Master Fund
		
	 By:
	 	  

	 Name:
	 	 Kevin Rich

	 Title:
	 	 Director and Chief Executive Officer

		
	 By:
	 	  

	 Name:
	 	 Gregory Collett

	 Title:
	 	 Chief Operating Officer

   

 14 

					
	
	 DB COMMODITY SERVICES LLC, as
 managing owner of each of the Funds

		
	By:	 	  

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

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer
	
	THE BANK OF NEW YORK
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

 15 

 EXHIBIT A 
  
 Name of Fund (Each a series of the Trust) 
  
 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 
  
 Name of Fund (Each a series of the Master Trust) 
  
 DB Energy Master Fund 
  
 DB Oil Master Fund 
  
 DB Precious Metals Master Fund 
  
 DB Gold Master Fund 
  
 DB Silver Master Fund 
  
 DB Base Metals Master Fund 
  
 DB Agriculture
Master Fund 
  

 16 

 EXHIBIT B 
  
 I, Sonja Olsen, of DB Commodity Services LLC, a Delaware limited liability company and the sole managing owner of each of 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; DB Energy Master Fund; DB Oil Master Fund; DB Precious
Metals Master Fund; DB Gold Master Fund; DB Silver Master Fund; DB Base Metals Master Fund; DB Agriculture Master Fund (collectively, the “Funds”), in my capacity as Secretary of DB Commodity Services LLC and not in my individual capacity,
do hereby certify that: 
  
 The following individuals are
authorized to give written or oral instructions or written or oral specifications by or on behalf of each of the Funds to The Bank of New York and the signatures set forth opposite their respective names are their true and correct signatures.

  

			
	 Name

	  	 Signature

	 Kevin Rich
	  	  

		
	 Gregory Collett
	  	  

		
	 Robert Lazarus
	  	  

  
 IN WITNESS WHEREOF, I have hereunto
set my hand as of the date set forth below: 
  

			
	By:	 	  

	 	 	Sonja Olsen
		
	 	 	Dated:                  , 2006

  

 17 

 SCHEDULE I 
  

ADMINISTRATIVE SERVICES 
  

	 	1.	Under the terms of an annex to this Agreement, test and document compliance by each Fund with policies and restrictions which will be specified and agreed to in the annex. The
review and testing procedures to be applied shall first be agreed by BNY and DB Commodity Services LLC and will be specified in such annex. 

  

	 	2.	Provide periodic reports and other information to the sponsor and the sponsor’s accountants to assist in the periodic updating of the Registration Statement, Prospectus, and
the preparation of Form 10-K and Form 10-Q and proxy materials, if any, with respect to the Trusts and each Fund. 

  

	 	3.	Assist each Fund in obtaining fidelity bond and E&O/D&O insurance coverage. 

  

	 	4.	Prepare separate and distinct statistical reports for each Fund for outside information services. 

  

	 	5.	Attend shareholder meetings as requested from time-to-time. 

  

	 	6.	Establish appropriate expense accruals and maintain expense files for each Fund (each of which shall be separate and distinct from each other) and coordinate the payment of
invoices. 

  

	 	7.	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 the Funds, BNY and ALPS Distributors, Inc., as amended from time-to-time. 

  

	 	8.	When applicable BNY accepts delegation of the obligations of DB Commodity Services LLC as contemplated under Section 17(e) of the Participant Agreement.

  

 18 

 SCHEDULE II 
  
 VALUATION AND COMPUTATION SERVICES 
  
 I. With respect to each Fund, BNY shall maintain separate and distinct records on a daily basis with respect to the
following: 
  

	 	1.	Report of priced portfolio assets 

  

	 	2.	Statement of net asset value per share 

  
 II. With respect to each Fund, BNY shall maintain separate and distinct records on a monthly basis with respect to the following: 
  

	 	1.	General Ledger 

  

	 	2.	General Journal 

  

	 	3.	Cash Receipts Journal 

  

	 	4.	Cash Disbursements Journal 

  

	 	5.	Subscriptions Journal 

  

	 	6.	Redemptions Journal 

  

	 	7.	Accounts Receivable Reports 

  

	 	8.	Accounts Payable Reports 

  

	 	9.	Open Subscriptions/Redemption Reports 

  

	 	10.	Transaction Journal 

  

	 	11.	Broker Net Trades Reports 

  

 19 

 III. BNY shall prepare a Holdings Ledger on a quarterly basis, and a Buy-Sell Ledger (Broker’s
Ledger) on a semiannual basis for each Fund. Schedule D shall be produced on an annual basis for each Fund. 
  
 The above reports may be printed according to any other required frequency to meet the requirements of the Internal Revenue Service, the Securities and
Exchange Commission and the Fund’s Auditors. 
  
 IV. For
internal control purposes, BNY uses the Account Journals produced by The Bank of New York Custody System to record daily settlements of the following for each Fund: 
  

	 	1.	Assets bought 

  

	 	2.	Assets sold 

  

	 	3.	Interest received 

  

	 	4.	Capital stock sold 

  

	 	5.	Capital stock redeemed 

  

	 	6.	Other income and expenses 

  
 All portfolio purchases for the Fund are recorded to reflect expected maturity value and total cost including any prepaid interest. 
  

 20Form of Global Custody Agreement

 Exhibit 10.3 
 

 
 GLOBAL CUSTODY AGREEMENT 
 AGREEMENT, dated as of             , 2006 between PowerShares DB Multi-Sector Commodity Trust (the “Trust”), on behalf of each
of its series listed on Schedule A, attached hereto (each, a “Customer”) and The Bank of New York (“Custodian”). 
 ARTICLE I 
 DEFINITIONS 
 Whenever used in this Agreement, the following words shall have the meanings set forth below: 
 1. “Authorized Person” shall be any person, whether or not an officer or employee of the Trust, on behalf of a Customer, duly authorized
by Customer to give Oral and/or Written Instructions with respect to one or more Accounts, such persons to be designated in a Certificate of Authorized Persons which contains a specimen signature of such person. 
 2. “BNY Affiliate” shall mean any office, branch or subsidiary of The Bank of New York Company, Inc. 
 3. “Book-Entry System” shall mean the Federal Reserve/Treasury book-entry system for receiving and delivering securities, its successors
and nominees. 
 4. “Business Day” shall mean any day on which Custodian, Book-Entry System and relevant Depositories are
open for business. 
 5. “Depository” shall include the Book-Entry System, the Depository Trust Company, Euroclear,
Clearstream Banking S.A. and any other securities depository, book-entry system or clearing agency (and their respective successors and nominees) authorized to act as a securities depository, book-entry system or clearing agency pursuant to
applicable law and identified to Customer from time to time. 
 6. “Oral Instructions” shall mean instructions received
verbally by Custodian. 
 7. “Securities” shall include, without limitation, any common stock and other equity securities,
bonds, debentures and other debt securities, notes, mortgages or other obligations, and any instruments representing rights to receive, purchase, or subscribe for the same, or representing any other rights or interests therein (whether represented
by a certificate or held in a Depository or a Subcustodian). 
 8. “Subcustodian” shall mean a bank or other financial
institution (other than a Depository) which is utilized by Custodian in connection with the purchase, sale or custody of Securities hereunder and identified to Customer from time to time. 
 9. “Written Instructions” shall mean written communications actually received by Custodian by S.W.I.F.T., tested telex, letter,
facsimile transmission, or other method or system specified by Custodian as available for use in connection with the services hereunder. 

 ARTICLE II 
 APPOINTMENT OF CUSTODIAN; ACCOUNTS; 
 REPRESENTATIONS AND WARRANTIES 
 1. The Trust, on behalf of each Customer, hereby appoints Custodian as custodian of all Securities and cash at any time delivered to Custodian during the
term of this Agreement, and authorizes Custodian to hold Securities in registered form in its name or the name of its nominees. Custodian hereby accepts such appointment and agrees to establish and maintain one or more securities accounts and cash
accounts (each such account being separate and distinct with respect to each Customer) in which Custodian will hold Securities and cash as provided herein. Such accounts (each, an “Account”; collectively, the
“Accounts”) shall be in the name of the applicable Customer. 
 2. The Trust, on behalf of each Customer, hereby represents
and warrants, which representations and warranties shall be continuing and shall be deemed to be reaffirmed upon each Oral or Written Instruction given by Customer, that: 
 (a) The Trust is duly organized and existing under the laws of the jurisdiction of its organization, with full power to carry on its business as now conducted, to enter into this Agreement and to perform its
obligations hereunder; 
 (b) This Agreement has been duly authorized, executed and delivered by the Trust, on behalf of each Customer,
constitutes a valid and legally binding obligation of the Trust, on behalf of each Customer, enforceable in accordance with its terms, and no statute, regulation, rule, order, judgment or contract binding on the Trust, with respect to each Customer,
prohibits the execution or performance of this Agreement; and 
 (c) Either each Customer owns the Securities in the Accounts free and clear
of all liens, claims, security interests and encumbrances (except those granted herein) or, if the Securities in an Account are owned beneficially by others, each Customer has the right to pledge such Securities to the extent necessary to secure
each Customer’s obligations hereunder, free of any right of redemption or prior claim by the beneficial owner. Custodian’s security interest pursuant to Article V hereof shall be a first lien and security interest subject to no setoffs,
counterclaims or other liens prior to or on a parity with it in favor of any other party (other than specific liens granted preferred status by statute), and each Customer shall take any and all additional steps which are required to assure
Custodian of such priority and status, including notifying third parties or obtaining their consent to, Custodian’s security interest. 
 ARTICLE III 
 CUSTODY AND RELATED SERVICES 
 1. (a) Subject to the terms hereof, the Trust, on behalf of each Customer, hereby authorizes Custodian to hold any Securities received by it from
time-to-time for the applicable Customer’s account. Custodian shall be entitled to utilize Depositories and Subcustodians to the extent possible in connection with its performance hereunder. Securities and cash deposited by Custodian in a
Depository will be held subject to the rules, terms and conditions of such Depository. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian’s agreements with such Subcustodians.
Subcustodians may be authorized to hold Securities in central securities depositories or clearing agencies in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular subcustodian agreement, Securities
deposited with Subcustodians will be held in a commingled account in the name of Custodian as custodian or trustee for its customers. Custodian shall identify on its books and records the Securities and cash belonging to each Customer, whether held
directly or indirectly through Depositories or Subcustodians, and shall maintain separate and distinct books and records for each Customer. 
 (b) Unless applicable law otherwise requires, Custodian shall hold Securities indirectly through a Subcustodian only if (i) the Securities are not subject to any right, charge, security interest, lien or claim of any kind in favor of
such Subcustodian or its creditors, including a receiver or trustee in bankruptcy or similar authority, except for a claim of payment for the safe custody or administration of Securities or for funds advanced on behalf of a Customer by such
Subcustodian, and (ii) beneficial ownership of the Securities is freely transferable without the payment of money or value other than for safe custody or administration. 
 2. Custodian shall furnish the Trust, on behalf of each Customer, with an advice of daily transactions and a monthly summary of all transfers to or from
the Accounts. The Trust, on behalf of each Customer, may elect to receive advices, confirmations, reports or statements electronically through the Internet to an email address specified by it for such purpose. By electing to use the Internet for
this purpose, the Trust, on behalf of each Customer, acknowledges that such transmissions are not encrypted and therefore are insecure. The Trust, on behalf of each Customer, further acknowledges that there are other risks inherent in communicating
through the Internet such as the possibility of virus contamination and disruptions in service, and agrees that Custodian shall not be responsible for any loss, damage or expense suffered or incurred by the Trust or any Customer or any person
claiming by or through the Trust or any Customer as a result of the use of such methods. 
  

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 3. With respect to all Securities held hereunder, Custodian shall, unless otherwise instructed to the
contrary: 
 (a) Receive all income and other payments and advise the Trust, on behalf of the relevant Customer, as promptly as practicable of
any such amounts due but not paid; 
 (b) Present for payment and receive the amount paid upon all Securities which may mature and advise the
Trust, on behalf of the relevant Customer, as promptly as practicable of any such amounts due but not paid; 
 (c) Forward to the relevant
Customer copies of all information or documents that it may receive from an issuer of Securities which, in the opinion of Custodian, are intended for the beneficial owner of Securities; 
 (d) Execute, as custodian, any certificates of ownership, affidavits, declarations or other certificates under any tax laws now or hereafter in effect in
connection with the collection of bond and note coupons; 
 (e) Hold directly or through a Depository or Subcustodian all rights and similar
Securities issued with respect to any Securities credited to an Account hereunder; and 
 (f) Endorse for collection checks, drafts or other
negotiable instruments. 
 4. (a) Custodian shall notify the Trust, on behalf of the relevant Customer, of such rights or discretionary
actions or of the date or dates by when such rights must be exercised or such action must be taken provided that Custodian has received, from the issuer or the relevant Depository (with respect to Securities issued in the United States) or from the
relevant Subcustodian, Depository or a nationally or internationally recognized bond or corporate action service to which Custodian subscribes, timely notice of such rights or discretionary corporate action or of the date or dates such rights must
be exercised or such action must be taken. Absent actual receipt of such notice, Custodian shall have no liability for failing to so notify Customer. 
 (b) Whenever Securities (including, but not limited to, warrants, options, tenders, options to tender or non-mandatory puts or calls) confer optional rights on Customer or provide for discretionary action or
alternative courses of action by Customer, Customer shall be responsible for making any decisions relating thereto and for directing Custodian to act. In order for Custodian to act, it must receive Customer’s Written Instructions at
Custodian’s offices, addressed as Custodian may from time to time request, not later than noon at least two (2) Business Days prior to the last scheduled date to act with respect to such Securities (or such earlier date or time as
Custodian may notify Customer). Absent Custodian’s timely receipt of such Written Instructions, Custodian shall not be liable for failure to take any action relating to or to exercise any rights conferred by such Securities. 
 5. All voting rights with respect to Securities, however registered, shall be exercised by Customer or its designee. For Securities issued in the United
States, Custodian’s only duty shall be to mail to Customer any documents (including proxy statements, annual reports and signed proxies) received by Custodian relating to the exercise of such voting rights. With respect to Securities issued
outside of the United States, Custodian’s only duty shall be to provide Customer with access to a provider of global proxy services at Customer’s request. The relevant Customer shall be responsible for all costs associated with its use of
such services. 
 6. Custodian shall promptly advise the Trust, on behalf of the applicable Customer, upon its notification of the partial
redemption, partial payment or other action affecting less than all Securities of the relevant class. If Custodian, any Subcustodian or Depository holds any such Securities in which a Customer has an interest as part of a fungible mass, Custodian,
such Subcustodian or Depository may select the Securities to participate in such partial redemption, partial payment or other action in any non-discriminatory manner that it customarily uses to make such selection. 
 7. Custodian shall not under any circumstances accept bearer interest coupons which have been stripped from United States federal, state or local
government or agency securities unless explicitly agreed to by Custodian in writing. 
 8. A Customer shall be liable for all taxes,
assessments, duties and other governmental charges, including any interest or penalty with respect thereto (“Taxes”), with respect to any cash or Securities held on behalf of a Customer or any transaction related thereto. A Customer
shall indemnify Custodian and each Subcustodian for the amount of any Tax that Custodian, any such Subcustodian or any other withholding agent is required under applicable laws (whether by assessment or otherwise) to pay on behalf of, or in respect
of income earned by or payments or distributions made to or for the account of a Customer (including any payment of Tax required by reason of an earlier failure to withhold). Custodian shall, or shall instruct the applicable Subcustodian or other

  

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 withholding agent to, withhold the amount of any Tax which is required to be withheld under applicable law upon
collection of any dividend, interest or other distribution made with respect to any Security and any proceeds or income from the sale, loan or other transfer of any Security. In the event that Custodian or any Subcustodian is required under
applicable law to pay any Tax on behalf of a Customer, Custodian is hereby authorized to withdraw cash from any cash account for that particular Customer only, in the amount required to pay such Tax and to use such cash, or to remit such cash to the
appropriate Subcustodian, for the timely payment of such Tax in the manner required by applicable law. If the aggregate amount of cash in all cash accounts is not sufficient to pay such Tax, Custodian shall promptly notify that Customer of the
additional amount of cash (in the appropriate currency) required, and the Trust, on behalf of that Customer, shall directly deposit such additional amount in the appropriate cash account promptly after receipt of such notice, for use by Custodian as
specified herein. In the event that Custodian reasonably believes that a Customer is eligible, pursuant to applicable law or to the provisions of any tax treaty, for a reduced rate of, or exemption from, any Tax which is otherwise required to be
withheld or paid on behalf of a Customer under any applicable law, Custodian shall, or shall instruct the applicable Subcustodian or withholding agent to, either withhold or pay such Tax at such reduced rate or refrain from withholding or paying
such Tax, as appropriate; provided that Custodian shall have received from the Trust, on behalf of each Customer, all documentary evidence of residence or other qualification for such reduced rate or exemption required to be received under
such applicable law or treaty. In the event that Custodian reasonably believes that a reduced rate of, or exemption from, any Tax is obtainable only by means of an application for refund, Custodian and the applicable Subcustodian shall have no
responsibility for the accuracy or validity of any forms or documentation provided by the Trust on behalf of a Customer, to Custodian hereunder. The Trust, on behalf of each Customer, hereby agrees to indemnify and hold harmless Custodian and each
Subcustodian in respect of any liability arising from any underwithholding or underpayment of any Tax which results from the inaccuracy or invalidity of any such forms or other documentation, and such obligation to indemnify shall be a continuing
obligation of the applicable Customer, its successors and assigns, notwithstanding the termination of this Agreement. 
 9. (a) For the
purpose of settling Securities and foreign exchange transactions, the Trust, on behalf of each Customer, shall provide Custodian with sufficient immediately available funds for all transactions by such time and date as conditions in the relevant
market dictate. As used herein, “sufficient immediately available funds” shall mean either (i) sufficient cash denominated in the currency of each Customer’s home jurisdiction to purchase the necessary foreign currency, or
(ii) sufficient applicable foreign currency to settle the transaction. Custodian shall provide the Trust, on behalf of each Customer, with immediately available funds each day which result from the actual settlement of all sale transactions,
based upon advices received by Custodian from its Subcustodians and Depositories. Such funds shall be in the currency of Customer’s home jurisdiction or such other currency as the Trust, on behalf of the Customer, may specify to Custodian.

 (b) Any foreign exchange transaction effected by Custodian in connection with this Agreement may be entered with Custodian or a BNY
Affiliate acting as principal or otherwise through customary banking channels. The Trust, on behalf of each Customer, may issue standing Written Instructions with respect to foreign exchange transactions but Custodian may establish rules or
limitations concerning any foreign exchange facility made available to a Customer. Each Customer shall bear all risks of investing in Securities or holding cash denominated in a foreign currency. Without limiting the foregoing, each Customer shall
bear the risks that rules or procedures imposed by Depositories, exchange controls, asset freezes or other laws, rules, regulations or orders shall prohibit or impose burdens or costs on the transfer to, by or for the account of a Customer of
Securities or cash held outside a Customer’s jurisdiction or denominated in a currency other than its home jurisdiction or the conversion of cash from one currency into another currency. Custodian shall not be obligated to substitute another
currency for a currency whose transferability, convertibility or availability has been affected by such law, regulation, rule or procedure. Neither Custodian nor any Subcustodian shall be liable to a Customer for any loss resulting from any of the
foregoing events. 
 10. To the extent that Custodian has agreed to provide pricing or other information services in connection with this
Agreement, Custodian is authorized to utilize any vendor (including brokers and dealers of Securities) reasonably believed by Custodian to be reliable to provide such information. Each Customer understands that certain pricing information with
respect to complex financial instruments (e.g., derivatives) may be based on calculated amounts rather than actual market transactions and may not reflect actual market values, and that the variance between such calculated amounts and actual
market values may or may not be material. Where vendors do not provide information for particular Securities or other property, an Authorized Person may advise Custodian regarding the fair market value of, or provide other information with respect
to, such Securities or property as determined by it in good faith. Custodian shall not be liable for any loss, damage or expense incurred as a result of errors or omissions with respect to any pricing or other information utilized by Custodian
hereunder. 
 11. As an accommodation to each Customer, Custodian may provide consolidated recordkeeping services pursuant to which Custodian
reflects on Account statements Securities positions for which Custodian has no safekeeping or other responsibility under this Agreement (“Non-Custody Securities”). Non-Custody Securities shall be designated on Custodian’s books
as “shares not held” or by other similar characterization. The Trust, on behalf of each Customer, acknowledges and agrees that Custodian shall rely, without independent verification, on information provided by the Trust on behalf of each
Customer, regarding Non-Custody Securities 
  

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 (including but not limited to Account positions and market valuations) and shall have no responsibility whatsoever with
respect to Non-Custody Securities or the accuracy of any information maintained on Custodian’s books or set forth on account statements concerning Non-Custody Securities. 
 12. From time-to-time Custodian may make available to each Customer or its agent(s) certain investment and analytic tools (“Tools”)
which may be used to evaluate Securities in the Account and compliance with each Customer’s investment guidelines and investment criteria. Such Tools, whether or not modified to meet specific needs of each Customer, are provided “AS
IS” and CUSTODIAN DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE TOOLS, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, TITLE, NON-INFRINGEMENT AND FITNESS FOR A PARTICULAR PURPOSE. ANYTHING IN THIS
AGREEMENT TO THE CONTRARY NOTWITHSTANDING, CUSTODIAN SHALL NOT BE LIABLE FOR ANY LOSS, EXPENSE, DAMAGE, LIABILITY OR CLAIM SUFFERED OR INCURRED BY CUSTOMER OR ANY OTHER PERSON AS A RESULT OF USE OF, OR RELIANCE UPON, ANY TOOLS BY CUSTOMER OR ANY
OTHER PERSON. 
 ARTICLE IV 
 PURCHASE AND SALE OF SECURITIES; 
 CREDITS TO ACCOUNT 
 1. Promptly after each purchase or sale of Securities by a Customer, an Authorized Person shall deliver to Custodian Written Instructions specifying all
information necessary for Custodian to settle such purchase or sale. Custodian shall account for all purchases and sales of Securities on the actual settlement date unless otherwise agreed by Custodian. 
 2. The Trust, on behalf of each Customer, understands that when Custodian is instructed to deliver Securities against payment, delivery of such
Securities and receipt of payment therefor may not be completed simultaneously. Each Customer assumes full responsibility for all credit risks involved in connection with Custodian’s delivery of Securities pursuant to instructions of a
Customer. 
 3. Custodian may, as a matter of bookkeeping convenience or by separate agreement with the Trust, on behalf of each Customer,
credit the Account with the proceeds from the sale, redemption or other disposition of Securities or interest, dividends or other distributions payable on Securities prior to its actual receipt of final payment therefor. All such credits shall be
conditional until Custodian’s actual receipt of final payment and may be reversed by Custodian to the extent that final payment is not received. Payment with respect to a transaction will not be “final” until Custodian shall have
received immediately available funds which under applicable local law, rule and/or practice are irreversible and not subject to any security interest, levy or other encumbrance, and which are specifically applicable to such transaction. 

ARTICLE V 
 OVERDRAFTS OR
INDEBTEDNESS 
 1. If Custodian in its sole discretion advances funds in any currency hereunder or there shall arise for whatever reason
an overdraft in an Account (including, without limitation, overdrafts incurred in connection with the settlement of securities transactions, funds transfers or foreign exchange transactions) or if a Customer is for any other reason indebted to
Custodian, the Trust, on behalf of each Customer, agrees to repay Custodian on demand the amount of the advance, overdraft or indebtedness plus accrued interest at a rate ordinarily charged by Custodian to its institutional custody customers in the
relevant currency. 
 2. In order to secure repayment of each separate Customer’s obligations to Custodian hereunder, the Trust on
behalf of each such Customer, hereby pledges and grants to Custodian a continuing lien and security interest in, and right of set-off against, all of such Customer’s right, title and interest in and to the Accounts and the Securities, money and
other property now or hereafter held in the Accounts (including proceeds thereof), and any other property at any time held by it for the account of each respective Customer and not any other series of the Trust listed on Schedule A. In this
regard, Custodian shall be entitled to all the rights and remedies of a pledgee and secured creditor under applicable laws, rules or regulations as then in effect. 
 ARTICLE VI 
 CONCERNING CUSTODIAN 
 1. (a) Except as otherwise expressly provided herein, Custodian shall not be liable for any costs, expenses, damages, liabilities or claims,
including attorneys’ and accountants’ fees (collectively, “Losses”), incurred by or asserted against a Customer, except those Losses arising out of the negligence or willful misconduct of Custodian. Custodian shall have no
liability 
  

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 whatsoever for the action or inaction of any Depository. Subject to Section 1(b) below, Custodian’s
responsibility with respect to any Securities or cash held by a Subcustodian is limited to the failure on the part of Custodian to exercise reasonable care in the selection or retention of such Subcustodian in light of prevailing settlement and
securities handling practices, procedures and controls in the relevant market. With respect to any Losses incurred by a Customer as a result of the acts or the failure to act by any Subcustodian (other than a BNY Affiliate), Custodian shall take
appropriate action to recover such Losses from such Subcustodian; and Custodian’s sole responsibility and liability to a Customer shall be limited to amounts so received from such Subcustodian (exclusive of costs and expenses incurred by
Custodian). In no event shall Custodian be liable to any Customer or any third party for special, indirect or consequential damages, or lost profits or loss of business, arising in connection with this Agreement. 
 (b) Custodian may enter into subcontracts, agreements and understandings with any BNY 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 Custodian from its obligations hereunder. 
 (c) The Trust, on behalf of each Customer, agrees to indemnify Custodian and hold Custodian harmless from and against any and all Losses sustained or incurred by or asserted against Custodian by reason of or as a
result of any action or inaction, or arising out of Custodian’s performance hereunder, including reasonable fees and expenses of counsel incurred by Custodian in a successful defense of claims by a Customer; provided however, that a Customer
shall not indemnify Custodian for those Losses arising out of Custodian’s negligence or willful misconduct. This indemnity shall be a continuing obligation of a Customer, its successors and assigns, notwithstanding the termination of this
Agreement. 
 2. Without limiting the generality of the foregoing, Custodian shall be under no obligation to inquire into, and shall not be
liable for, any losses incurred by a Customer or any other person as a result of the receipt or acceptance of fraudulent, forged or invalid Securities, or Securities which are otherwise not freely transferable or deliverable without encumbrance in
any relevant market. 
 3. Custodian may, with respect to questions of law specifically regarding an Account, obtain the advice of counsel
and shall be fully protected with respect to anything done or omitted by it in good faith in conformity with such advice. 
 4. Custodian
shall be under no obligation to take action to collect any amount payable on Securities in default, or if payment is refused after due demand and presentment. 
 5. Custodian shall have no duty or responsibility to inquire into, make recommendations, supervise, or determine the suitability of any transactions affecting any Account. 
 6. Each Customer shall pay to Custodian the fees and charges as may be specifically agreed upon from time-to-time and such other fees and charges at
Custodian’s standard rates for such services as may be applicable. A Customer shall reimburse Custodian for all costs associated with the conversion of that Customer’s Securities hereunder and the transfer of Securities and records kept in
connection with this Agreement. A Customer shall also reimburse Custodian for out-of-pocket expenses which are a normal incident of the services provided hereunder with respect to that Customer. 
 7. Custodian has the right to debit any cash account for any amount payable by a Customer in connection with any and all obligations of Customer to
Custodian, whether or not relating to or arising under this Agreement. In addition to the rights of Custodian under applicable law and other agreements, at any time when a Customer shall not have honored any and all of its obligations to Custodian,
Custodian shall have the right without notice to that Customer to retain or set-off, against such obligations of that Customer, any Securities or cash Custodian or a BNY Affiliate may directly or indirectly hold for the account of that Customer, and
any obligations (whether matured or unmatured) that Custodian or a BNY Affiliate may have with respect to that Customer in any currency. Any such asset of, or obligation to, a Customer may be transferred to Custodian and any BNY Affiliate in order
to effect the above rights. 
 8. (a) Subject to the terms below, Custodian shall be entitled to rely upon any Written or Oral
Instructions actually received by Custodian and reasonably believed by Custodian to be duly authorized and delivered. The Trust, on behalf of each Customer, agrees that an Authorized Person shall forward to Custodian Written Instructions confirming
Oral Instructions by the close of business of the same day that such Oral Instructions are given to Custodian. The Trust, on behalf of each Customer, agrees that the fact that such confirming Written Instructions are not received or that contrary
Written Instructions are received by Custodian shall in no way affect the validity or enforceability of transactions authorized by such Oral Instructions and effected by Custodian. 
 (b) If Custodian receives Written Instructions which appear on their face to have been transmitted by an Authorized Person via (i) computer
facsimile, email, the Internet or other insecure electronic method, or (ii) secure electronic transmission 
  

 - 6 - 

 containing applicable authorization codes, passwords and/or authentication keys, each Customer understands and agrees
that Custodian cannot determine the identity of the actual sender of such Written Instructions and that Custodian shall conclusively presume that such Written Instructions have been sent by an Authorized Person. Each Customer shall be responsible
for ensuring that only Authorized Persons transmit such Written Instructions to Custodian and that all Authorized Persons treat applicable user and authorization codes, passwords and/or authentication keys with extreme care. 
 (c) The Trust, on behalf of each Customer, acknowledges and agrees that it is fully informed of the protections and risks associated with the various
methods of transmitting Written Instructions to Custodian and that there may be more secure methods of transmitting Written Instructions than the method(s) selected by each Customer. The Trust, on behalf of each Customer, agrees that the security
procedures (if any) to be followed in connection with its transmission of Written Instructions provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances. 
 (d) If a Customer elects to transmit Written Instructions through an on-line communication system offered by Custodian, a Customer’s use thereof
shall be subject to the Terms and Conditions attached hereto as Appendix I. If a Customer elects (with Custodian’s prior consent) to transmit Written Instructions through an on-line communications service owned or operated by a third
party, the Trust, on behalf of each Customer, agrees that Custodian shall not be responsible or liable for the reliability or availability of any such service. 
 9. Upon reasonable request and provided Custodian shall suffer no significant disruption of its normal activities, each Customer shall have access to Custodian’s books and records relating to the Accounts during
Custodian’s normal business hours. Upon reasonable request, copies of any such books and records shall be provided to Customer at each Customer’s expense. 
 10. It is understood that Custodian is authorized to supply any information regarding the Accounts which is required by any law, regulation or rule now or hereafter in effect. 
 11. Custodian 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 reasonable control, including without limitation, acts of God; earthquakes; fires; floods; wars; civil or military disturbances; sabotage; epidemics; riots; interruptions, loss or
malfunctions of utilities, computer (hardware or software) or communications service; accidents; labor disputes; acts of civil or military authority or governmental actions; it being understood that Custodian shall use its best efforts to resume
performance as soon as practicable under the circumstances. 
 12. Custodian 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 Custodian in connection with this Agreement. 
 ARTICLE VII 
 TERMINATION 
 Each Customer, independently, and the Custodian may terminate this Agreement by giving to the other party a notice in writing specifying the date of such
termination, which shall be not less than ninety (90) days after the date of such notice. Upon termination hereof, the notifying Customer shall pay to Custodian such compensation as may be due to Custodian, and shall likewise reimburse
Custodian for other amounts payable or reimbursable to Custodian hereunder. Custodian shall follow such reasonable Oral or Written Instructions concerning the transfer of custody of records, Securities and other items as such Customer shall give;
provided, that (a) Custodian shall have no liability for shipping and insurance costs associated therewith, and (b) full payment shall have been made to Custodian of its compensation, costs, expenses and other amounts to which it is
entitled hereunder. If any Securities or cash remain in any Account, Custodian may deliver to such Customer such Securities and cash. Except as otherwise provided herein, all obligations of the parties to each other hereunder shall cease upon
termination of this Agreement. 
 ARTICLE VIII 
 GENERAL LIMITATION OF LIABILITY 
 Notwithstanding anything to the contrary provided herein, the
Custodian agrees that, pursuant to Section 3804(a) of the Delaware Statutory Trust Act, the liabilities of each Customer 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 Customer shall be enforceable against the assets of that particular Customer 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 Customer 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 
  

 - 7 - 

 Master Trust generally and any other Customer shall be enforceable against the assets of such particular Customer. The
Custodian 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 Customer, nor shall the Custodian seek
satisfaction of any such obligation from the DB Commodity Services LLC (the managing owner of the Trust, Master Trust and each Customer), its members, managers, directors or officers. 
 ARTICLE IX 
 MISCELLANEOUS 
 1. The Trust, on behalf of each Customer, agrees to furnish to Custodian a new Certificate of Authorized Persons in the event of any change in the then
present Authorized Persons. Until such new Certificate is received, Custodian shall be fully protected in acting upon Oral Instructions and Written Instructions of such present Authorized Persons. 
 2. Any notice or other instrument in writing, authorized or required by this Agreement to be given to Custodian, shall be sufficiently given if addressed
to Custodian and received by it at its offices at One Wall Street, New York, New York 10286, or at such other place as Custodian may from time to time designate in writing. 
 3. Any notice or other instrument in writing, authorized or required by this Agreement to be given to a Customer shall be sufficiently given if addressed
to the applicable Customer and received by it at its offices at c/o the Trust at 60 Wall Street, New York, New York 10005, or at such other place as the Trust, on behalf of each Customer may from time-to-time designate in writing. 
 4. Each and every right granted to each party hereunder or under any other document delivered hereunder or in connection herewith, or allowed it by law
or equity, shall be cumulative and may be exercised from time-to-time. No failure on the part of either party to exercise, and no delay in exercising, any right will operate as a waiver thereof, nor will any single or partial exercise by any party
of any right preclude any other or future exercise thereof or the exercise of any other right. 
 5. 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 or obligations shall not in any way be affected thereby. This Agreement may not be amended or
modified in any manner except by a written agreement executed by both parties. 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 each Customer, independently, or the Custodian without the written consent of the other. 
 6.
(a) Except with respect to Article VIII 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. Customer and Custodian 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 Customer, 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 Customer, and the Custodian each hereby irrevocably waives any and all rights to trial by jury in any legal proceeding
arising out of or relating to this Agreement. 
 (b) The parties hereto agree that the establishment and maintenance of the Account, and all
interests, duties and obligations with respect thereto, shall be governed by the laws of the State of New York. 
 (c) For Governmental
Entities: To the extent that in any jurisdiction a Customer may now or hereafter be entitled to claim, for itself or its assets, immunity from suit, execution, attachment (before or after judgment) or other legal process, the Trust, on behalf of
each Customer, irrevocably agrees not to claim, and it hereby waives, such immunity. 
 7. The parties hereto agree that in performing
hereunder, Custodian is acting solely on behalf of Customer and no contractual or service relationship shall be deemed to be established hereby between Custodian and any other person. 
 8. The Trust, on behalf of each Customer, hereby acknowledges that Custodian is subject to federal laws, including the Customer Identification Program
(CIP) requirements under the USA PATRIOT Act and its implementing regulations, pursuant to which Custodian must obtain, verify and record information that allows Custodian to identify Customer. Accordingly, prior to opening an Account hereunder
Custodian will ask Customer to provide certain information including, but not limited to, customer’s name, physical address, tax identification number and other information that will help Custodian to identify and verify each 
  

 - 8 - 

 Customer’s identity such as organizational documents, certificate of good standing, license to do business or other
pertinent identifying information. The Trust, on behalf of each Customer, agrees that Custodian cannot open an Account hereunder unless and until Custodian verifies each Customer’s identity in accordance with its CIP. 
 9. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts shall, together,
constitute only one instrument. 
  

 - 9 - 

 IN WITNESS WHEREOF, Customer and Custodian have caused this Agreement to be executed by their respective officers,
thereunto duly authorized, 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
	
	Tax Identification No:
                                        
        
	
	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
	
	Tax Identification No:
                                        
        
	
	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
	
	Tax Identification No:
                                        
        

  

 - 10 - 

			
	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
	
	Tax Identification No:
                                        
        
	
	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
	
	Tax Identification No:
                                        
        
	
	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
	
	Tax Identification No:
                                        
        

  

 - 11 - 

			
	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
	
	Tax Identification No:
                                        
        
	
	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
	
	Tax Identification No:
                                        
        
	
	THE BANK OF NEW YORK
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 - 12 - 

 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 

 APPENDIX I 
 ON-LINE BANKING AND COMMUNICATIONS SYSTEMS (THE “SYSTEMS” 
 TERMS AND CONDITIONS 

1. License; Use. (a) This Appendix I shall govern Customer’s use of online communications, information delivery, and electronic banking
systems, that Custodian may provide to Customer, such as The Bank of New York Inform TM and The Bank of New York CA$H-Register Plus®, and any computer software and documentation provided by Custodian to Customer in connection therewith (collectively, the “Systems”). In the
event of any conflict between the terms of this Appendix I and the main body of this Agreement with respect to Customer’s use of the Systems, the terms of this Appendix I shall control. 
 (b) Upon delivery to Customer of System access codes, Custodian grants to Customer a personal, nontransferable and nonexclusive license to use the Software and the
System solely for the purpose of transmitting Written Instructions, receiving reports, making inquiries or otherwise communicating with Custodian in connection with the Account(s). Customer shall use the Systems solely for its own internal and
proper business purposes and not in the operation of a service bureau. Except as set forth herein, no license or right of any kind is granted to Customer with respect to the Systems. Customer acknowledges that Custodian and its suppliers retain and
have title and exclusive proprietary rights to the Systems, including any trade secrets or other ideas, concepts, know-how, methodologies, information incorporated therein and the exclusive rights to any copyrights, trade dress, look and feel,
trademarks and patents (including registrations and applications for registration of either), other statutory or legal protections available in respect thereof. Customer further acknowledges that all or a part of the Systems may be copyrighted or
trademarked (or a registration or claim made therefor) by Custodian or its suppliers. Customer shall not take any action with respect to the Systems inconsistent with the foregoing acknowledgments, nor shall Customer attempt to decompile, reverse
engineer or modify the System. Customer may not copy, sell, lease or provide, directly or indirectly, the Systems or any portion thereof to any other person or entity without Custodian’s prior written consent. Customer may not remove any
statutory copyright notice or other notice included in the System or on any media containing the Systems or any portion thereof. Customer shall reproduce any such notice on any reproduction of a System and shall add any statutory copyright notice or
other notice to the Systems or media upon Custodian’s request. 
 (c) If Customer subscribes to any database service provided by Custodian in connection
with its use of the Systems, delivery of such database to Customer shall constitute the granting by Custodian to Customer of a non-exclusive, non-transferable license to use such database for so long as this Appendix I is in effect. It is understood
and agreed that any database supplied by Custodian is derived from sources which Custodian believes to be reliable but Custodian does not, and cannot for the fees charged, guarantee or warrant that the data is correct, complete or current. All such
databases are provided as an accommodation by Custodian to its customers and are compiled without any independent investigation by Custodian. However, Custodian will revise each database on a periodic basis as Custodian, in its discretion, deems
necessary and appropriate. Customer also agrees that Customer will promptly install all updates and revisions to each database which Custodian provides and that Custodian cannot bear any responsibility whatsoever for Customer’s failure to do
so. CUSTODIAN IS NOT RESPONSIBLE FOR ANY RESULTS OBTAINED BY CUSTOMER FROM USE OF DATABASE SERVICES PROVIDED BY CUSTODIAN. 
 2.
Equipment. Customer shall obtain and maintain at its own cost and expense all equipment and services, including but not limited to communications services, necessary for it to utilize and obtain access to the Systems, and Custodian shall not
be responsible for the reliability or availability of any such equipment or services. 
 3. Proprietary Information. The Systems, any
data base and any proprietary data, processes, information and documentation made available to Customer (other than which are or become part of the public domain or are legally required to be made available to the public) (collectively, the
““Information”“), are the exclusive and confidential property of Custodian or its suppliers. However, for the avoidance of doubt, reports generated by Customer containing information relating to the Account(s) are not deemed to
be within the meaning of the term “Information.”. Customer shall keep the Information confidential by using the same care and discretion that Customer uses with respect to its own confidential property and trade secrets, but not less than
reasonable care. Upon termination of the Agreement or the licenses granted herein for any reason, Customer shall return to Custodian any and all copies of the Information which are in its possession or under its control. The provisions of this
Section 3 shall not affect the copyright status of any of the Information which may be copyrighted and shall apply to all information whether or not copyrighted. 
 4. Modifications. Custodian reserves the right to modify the System from time to time and Customer shall implement new releases of the Systems as Custodian may direct. Customer agrees not to modify or attempt
to modify the System without Custodian’s prior written consent. Customer acknowledges that any modifications to the Software, whether by Customer or Custodian and whether with or without ‘Custodian’s consent, shall become the property
of Custodian. 

 5. NO REPRESENTATIONS OR WARRANTIES: CUSTODIAN AND ITS MANUFACTURERS AND SUPPLIERS MAKE NO WARRANTIES OR
REPRESENTATIONS WITH RESPECT TO THE SYSTEMS, ANY SERVICES OR ANY DATABASE, EXPRESS OR IMPLIED, IN FACT OR IN LAW, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. CUSTOMER ACKNOWLEDGES THAT THE
SOFTWARE, THE SYSTEMS, ANY SERVICES AND ANY DATABASE ARE PROVIDED “AS IS.” TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL CUSTODIAN OR ANY SUPPLIER BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT, INDIRECT SPECIAL, OR
CONSEQUENTIAL, WHICH CUSTOMER MAY INCUR IN CONNECTION WITH THE SYSTEMS, SERVICES OR ANY DATABASE, EVEN IF CUSTODIAN OR SUCH SUPPLIER HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL CUSTODIAN OR ANY SUPPLIER BE LIABLE FOR ACTS
OF GOD, MACHINE OR COMPUTER BREAKDOWN OR MALFUNCTION, INTERRUPTION OR MALFUNCTION OF COMMUNICATION FACILITIES, LABOR DIFFICULTIES OR ANY OTHER SIMILAR OR DISSIMILAR CAUSE BEYOND THEIR REASONABLE CONTROL. 
 6. Security; Reliance; Unauthorized Use. Custodian will establish security procedures to be followed in connection with the Systems. Customer
understands and agrees that the security procedures are intended to determine whether instructions received by Custodian through the Systems are authorized but are not (unless otherwise specified in writing) intended to detect any errors contained
in such instructions. Customer will cause all persons utilizing the Software and the Systems to treat all applicable user and authorization codes, passwords and authentication keys with the highest degree of care and confidentiality. Custodian is
hereby irrevocably authorized to comply with and rely upon on Written Instructions, whether or not authorized, received by it through the Systems in accordance with the security procedures. Customer acknowledges that it is its sole responsibility to
assure that only Authorized Persons use the Systems and that to the fullest extent permitted by applicable law Custodian shall not be responsible nor liable for any unauthorized use thereof or for any losses sustained by Customer arising from or in
connection with the use of the Systems or Custodian’s reliance upon and compliance with Written Instructions received through the System. 
 7. System Acknowledgments. Custodian shall acknowledge through the Systems its receipt of each transmission communicated through the Systems, and in the absence of such acknowledgment Custodian shall not be liable for any failure to act in
accordance with such transmission and Customer may not claim that such transmission was received by Custodian. 
 8. Viruses. Customer agrees to use
reasonable efforts to prevent the transmission to the Systems of any software or file which contains any viruses, worms, harmful component or corrupted data and agrees not to use any device, software, or routine to interfere or attempt to interfere
with the proper working of the Systems. 
 9. Encryption. Customer acknowledges and agrees that encryption may not be available for every
communication through the Systems, or for all data. Customer agrees that Custodian may deactivate any encryption features at any time, without notice or liability to Customer, for the purpose of maintaining, repairing or troubleshooting the System
or the Software. 
 10. On-Line Inquiry and Modification of Records. In connection with Customer’s use of the Systems, Custodian may, at
Customer’s request, permit Customer to enter data directly into a Custodian database for the purpose of modifying certain information maintained by Custodian’s systems, including, but not limited to, change of address information. To the
extent that Customer is granted such access, Customer agrees to indemnify and hold Custodian harmless from all loss, liability, cost, damage and expense (including attorney’s fees and expenses) to which Custodian may be subjected or which may
be incurred in connection with any claim which may arise out of or as a result of changes to Custodian database records initiated by Customer. 
 11.
Agents. Customer may, on advance written notice to the Custodian, permit its agents and contractors (“Agents”) to access and use the Systems on Customer’s behalf, except that the Custodian reserves the right to prohibit
Customer’s use of any particular Agent for any reason. Customer shall require its Agent(s) to agree in writing to be bound by the terms of the Agreement, and Customer shall be liable and responsible for any act or omission of such Agent in the
same manner, and to the same extent, as though such act or omission were that of Customer. Each submission of a Written Instruction, request for information or other communication by the Agent through a System shall constitute a representation and
warranty by the Customer that the Agent continues to be duly authorized by the Customer to so act on its behalf and the Custodian may rely on the representations and warranties made herein in complying with such Written Instruction, request or
communication. Any Written Instruction, information request or other communication through the System by an Agent shall be deemed that of Customer, and Customer shall be bound thereby whether or not authorized. Customer may, subject to the terms of
this Agreement and upon advance written notice to the Bank, provide a copy of the system user manuals to its Agent if the Agent requires such copies to use the Systems on Customer’s behalf. Upon cessation of any such Agent’s services,
Customer shall promptly terminate such Agent’s access to the ,Systems and retrieve from the Agent any copies of the manuals and destroy them. 

 CERTIFICATE OF AUTHORIZED PERSONS 
 (Customer - Oral and Written Instructions) 
 The undersigned hereby certifies
that he/she is the duly elected and acting
                                        
     of PowerShares DB                              Fund
(“Customer”), a series of PowerShares DB Multi-Sector Commodity Trust (the “Trust”), and further certifies that the following officers or employees of the Trust, on behalf of the Customer, have been duly authorized in conformity
with the Trust’s Amended and Restated Declaration of Trust and Trust Agreement to deliver Oral and Written Instructions to The Bank of New York (“BNY”) pursuant to the Global Custody Agreement between the Customer and BNY dated
                         , 2006, and that the signatures appearing opposite their names are true and correct:

					
			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

 This certificate supersedes any certificate of authorized individuals you may currently have on
file. 
  

					
	[corporate seal]	 	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB
                                 FUND
			
		 	By:	 	DB COMMODITY SERVICES LLC,
		 		 	 as Managing Owner of PowerShares DB

		 		 	                     
Fund

			
		 	 By:
	 	  

		 	 Name:
	 	 Kevin Rich

		 	 Title:
	 	 Director and Chief Executive Officer

			
		 	 By:
	 	  

		 	 Name:
	 	 Gregory Collett

		 	 Title:
	 	 Chief Operating Officer

 CUSTODY ACCOUNT AGENCY AUTHORIZATION 
 Reference is made to the Global Custody Agreement (the “Custody Agreement”) dated as of
                         , 2006 between PowerShares DB Multi-Sector Commodity Trust (the Trust”) and
PowerShares DB                      Fund (the “Customer”), other Series of the Trust and The Bank of New York (“BNY”).

 This is to advise BNY that for the account(s) identified below Customer has duly authorized the following investment managers (each, an
“Investment Manager”) to act as Customer’s agent for the purpose of (a) delivering Oral and Written Instructions to BNY (as defined in the Custody Agreement), and/or (b) buying and selling foreign currency (on a spot and
forward basis) and options to buy and sell foreign currency, as such purposes are designated below, and to confirm to BNY that all actions taken by BNY in reliance upon such authorization (whether in its capacity as custodian or counterparty) shall
be binding on Customer. 
  

							
	 Investment Manager
	  	 Account Title/Number
	  	Inst.	  	F/X
	 _____________________________
	  	________________	  	_________	  	_________
				
	 _____________________________
	  	________________	  	_________	  	_________
				
	 _____________________________
	  	________________	  	_________	  	_________
				
	 _____________________________
	  	________________	  	_________	  	_________
				
	 _____________________________
	  	________________	  	_________	  	_________
				
	 _____________________________
	  	________________	  	_________	  	_________
				
	 _____________________________
	  	________________	  	_________	  	_________
				
	 _____________________________
	  	________________	  	_________	  	_________

  

					
	 [corporate seal]
	 	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB
                         FUND
			
		 	By:	 	DB COMMODITY SERVICES LLC,
		 		 	 as Managing Owner of PowerShares DB

		 		 	                          Fund

			
		 	 By:
	 	  

		 	 Name:
	 	 Kevin Rich

		 	 Title:
	 	 Director and Chief Executive Officer

			
		 	 By:
	 	  

		 	 Name:
	 	 Gregory Collett

		 	 Title:
	 	 Chief Operating Officer

 CERTIFICATE OF AUTHORIZED PERSONS 
 (Investment Manager - Oral and Written Instructions) 
  

	Re:	Account Name: 

 Account Number: 
 The undersigned hereby certifies that he/she is the duly elected and acting
                         of DB Commodity Services LLC (the “Investment Manager”), and further certifies that the
following officers or employees of the Investment Manager have been duly authorized in conformity with the Investment Manager’s organizational documents to deliver oral and written instructions to The Bank of New York (“BNY”) with
respect to the above-referenced Account, and that the signatures appearing opposite their names are true and correct: 

					
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

 Remainder of page left blank intentionally. Signature page follows. 

 This certificate supersedes any certificate of authorized individuals you may currently have on file.

  

					
	[corporate seal]	 	DB COMMODITY SERVICES LLC,
			
		 	By:	 	  

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

		 	Name:	 	Gregory Collett
		 	Title:	 	Chief Operating Officer

 CERTIFICATE OF AUTHORIZED PERSONS 
 (Customer - Foreign Exchange) 
 The undersigned hereby certifies that he/she is the
duly elected and acting
                                        
             of
                                        
                                        
     (the “Corporation”), and further certifies that the following officers or employees of the Corporation have been duly authorized in conformity with the Corporation’s Articles of Incorporation and By-Laws to
enter into contracts with The Bank of New York (“BNY”) to buy and sell foreign currency (on a spot and forward basis) and options to buy and sell foreign currency on behalf of the Corporation or any Account (“F/X Transactions”),
and that the signatures appearing opposite their names are true and correct: 

					
			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

 and further certifies that the following officers or employees of the Corporation have been duly authorized in
conformity with the Corporation’s Articles of Incorporation and By-Laws to confirm, orally and in writing, the terms of F/X Transactions entered with BNY, and that the signatures appearing opposite their names are true and correct: 

					
			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

 This certificate supersedes any certificate of authorized individuals you may currently have on
file. 

					
	[corporate seal]	 	POWERSHARES DB MULTI-SECTOR COMMODITY TRUST WITH RESPECT TO POWERSHARES DB
                                 FUND
			
		 	By:	 	DB COMMODITY SERVICES LLC,
		 		 	 as Managing Owner of PowerShares DB

		 		 	                     
Fund

			
		 	 By:
	 	  

		 	 Name:
	 	 Kevin Rich

		 	 Title:
	 	 Director and Chief Executive Officer

			
		 	 By:
	 	  

		 	 Name:
	 	 Gregory Collett

		 	 Title:
	 	 Chief Operating Officer

 CERTIFICATE OF AUTHORIZED PERSONS 
 (Investment Manager - Foreign Exchange) 
  

	Re:	Account Name: 

 Account Number: 
 The undersigned hereby certifies that he/she is the duly elected and acting
                                        
         of DB Commodity Services LLC (the “Investment Manager”), and further certifies that the following officers or employees of the Investment Manager have been duly authorized in conformity
with the Investment Manager’s organizational documents to enter into contracts with The Bank of New York (“BNY”) to buy and sell foreign currency (on a spot and forward basis) and options to buy and sell foreign currency on behalf of
the above-referenced Account (“F/X Transactions”), and that the signatures appearing opposite their names are true and correct: 

					
			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

 and further certifies that the following officers or employees of the Investment Manager have been duly authorized
in conformity with the Investment Manager’s organizational documents to confirm, orally and in writing, the terms of F/X Transactions entered by the Investment Manager with BNY, and that the signatures appearing opposite their names are true
and correct: 

					
			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

			
	  
 Name
	    	  
 Title
	 	  
 Signature

 This certificate supersedes any certificate of authorized individuals you may currently have on
file. 

					
	[corporate seal]	 	DB COMMODITY SERVICES LLC,
			
		 	 By:
	 	  

		 	 Name:
	 	 Kevin Rich

		 	 Title:
	 	 Director and Chief Executive Officer

			
		 	 By:
	 	  

		 	 Name:
	 	 Gregory Collett

		 	 Title:
	 	 Chief Operating Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]