Document:

Exhibit 10.5

 

Form
Of Transfer Agency and Service Agreement

 

This Agreement made as
of January 4, 2016, and to have an effective date on January 1, 2016, by and between each commodity pool entity set forth on Schedule
A hereto (each such commodity pool entity and each commodity pool entity made subject to this Agreement in accordance with Section
12 below shall hereinafter be referred to as a “Trust”) and State Street Bank and Trust Company, a Massachusetts trust
company (the “State Street” or the “Transfer Agent”).

 

WHEREAS, the Trust is authorized
to issue common units of beneficial interest (“Shares”);

 

WHEREAS, the Trust is operated
as a commodity pool under the Commodity Exchange Act, and is registered with the U.S. Securities and Exchange Commission ("SEC")
by means of a registration statement on Form S-1 or Form S-3, as applicable (each, a "Registration Statement") under
the Securities Act of 1933, as amended ("1933 Act");

 

WHEREAS, WisdomTree Commodity
Services, LLC or WisdomTree Coal Services, LLC, as applicable, serves as the managing owner and/or sponsor, and commodity pool
operator, of the Trust (the “Managing Owner” or “Sponsor”);

 

WHEREAS, the Trust will
issue and redeem Shares only in aggregations of Shares known as “Baskets” as described in the currently effective prospectus
and statement of additional information of the Trust (collectively, the “Prospectus”);

 

WHEREAS, only those entities
(“Authorized Participants”) that have entered into an Authorized Participant Agreement with the distributor of the
Trust, currently Foreside Fund Services LLC (the “Distributor”), are eligible to place orders for Baskets with the
Distributor;

 

WHEREAS, the Depository
Trust Company, a limited purpose trust company organized under the laws of the State of New York (“DTC”) or its nominee
will be the record or registered owner of all outstanding Shares;

 

WHEREAS, the Trust desires
to appoint Transfer Agent to act as its transfer agent, dividend disbursing agent and agent in connection with certain other activities;
and Transfer Agent is willing to accept such appointment.

 

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

 

		1.	TERMS OF APPOINTMENT

 

		1.1	Subject to the terms and conditions set forth in this Agreement, the Trust hereby employs and appoints
the Transfer Agent to act as, and the Transfer Agent agrees to act as, transfer agent for the Baskets and dividend disbursing agent
of the Trust. In the event that the Sponsor establishes one or more additional Trust(s) with

 

     

     

    

 

respect to which such Trust desires
to retain the Transfer Agent to act as transfer agent, dividend disbursing agent and agent in connection with certain other activities
hereunder, the Trust(s) shall notify the Transfer Agent in writing. Upon written acceptance by the Transfer Agent, such Trust(s)
shall become subject to the provisions of this Agreement to the same extent as the existing Trusts, except to the extent that such
provisions (including those relating to compensation and expenses payable) may be modified with respect to such Trust in writing
by such Trust and the Transfer Agent at the time of the addition of such Trust.

 

		1.2	Transfer Agency Services. In accordance with procedures established from time to time by
agreement between the Trust and the Transfer Agent, the Transfer Agent shall:

 

		(i)	establish each Authorized Participant’s account in the Trust on the Transfer Agent’s
recordkeeping system and maintain such account for the benefit of such Authorized Participant;

 

		(ii)	receive and process orders for the purchase of Baskets from the Distributor or the Trust, and promptly
deliver payment and appropriate documentation thereof to the custodian of the Trust as identified by the Trust (the “Custodian”);

 

		(iii)	generate or cause to be generated and transmitted confirmation of receipt of such purchase orders
to the Authorized Participants and, if applicable, transmit appropriate trade instruction to the National Securities Clearance
Corporation (“NSCC”);

 

		(iv)	receive and process redemption requests and redemption directions from the Distributor or the Trust
and deliver the appropriate documentation thereof to the Custodian;

 

		(v)	with respect to items (i) through (iv) above, the Transfer Agent may execute transactions directly
with Authorized Participants;

 

		(vi)	at the appropriate time as and when it receives monies paid to it by the Custodian with respect
to any redemption, pay over or cause to be paid over in the appropriate manner such monies, if any, to the redeeming Authorized
Participant as instructed by the Distributor or the Trust ;

 

		(vii)	prepare and transmit by means of DTC’s book-entry system payments for any dividends and distributions
declared by the Trust;

 

		(viii)	record the issuance of Shares of the Trust and maintain a record of the total number of Shares
of the Trust which are issued and outstanding; and provide the Trust on a regular basis with the total number of Shares of the
Trust which are issued and outstanding but Transfer Agent shall have no obligation, when recording the issuance of Shares, to monitor
the issuance of such Shares to determine if there are authorized Shares available for

 

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			issuance or to take cognizance of any laws relating to, or corporate actions required
                                                                                    for, the issue or sale of such Shares, which functions shall be the sole responsibility of the Trust; and, excluding DTC or
                                                                                    its nominee as the record or registered owner, the Transfer Agent shall have no obligations or responsibilities to account
                                                                                    for, keep records of, or otherwise related to, the beneficial owners of the Shares;

 

		(ix)	maintain and manage, as agent for the Trust, such bank accounts as the Transfer Agent shall deem
necessary for the performance of its duties under this Agreement, including but not limited to, the processing of Basket purchases
and redemptions and the payment of a Trust’s dividends and distributions. The Transfer Agent may maintain such accounts at
the bank or banks deemed appropriate by the Transfer Agent in accordance with applicable law;

 

		(x)	process any request from an Authorized Participant to change its account registration; and

 

		(xi)	except as otherwise instructed by the Trust, the Transfer Agent shall process all transactions
in the Trust in accordance with the procedures mutually agreed upon by the Trust and the Transfer Agent with respect to the proper
net asset value to be applied to purchase orders received in good order by the Transfer Agent or by the Trust or any other person
or firm on behalf of the Trust or from an Authorized Participant before cut-offs established by the Trust. The Transfer Agent shall
report to the Trust any known exceptions to the foregoing.

 

		1.3	Additional Services. In addition to, and neither in lieu of nor in contravention
of the services set forth in Section 1.2 above, the Transfer Agent shall perform the following services:

 

		(i)	Perform certain customary services of a transfer agent and dividend disbursing agent.

 

		(ii)	The Transfer Agent shall perform such other services for the Trust that are mutually agreed to
by the parties from time to time, for which the Trust will pay such fees as may be mutually agreed upon, including the Transfer
Agent’s reasonable out-of-pocket expenses. The provision of such services shall be subject to the terms and conditions of
this Agreement.

 

		(iii)	DTC and NSCC. The Transfer Agent shall: (a) accept and effectuate the registration and maintenance
of accounts, and the purchase and redemption of Baskets in such accounts, in accordance with instructions transmitted to and received
by the Transfer Agent by transmission from DTC or NSCC on behalf of Authorized Participants; and (b) issue instructions to a Trust’s
banks for the settlement of transactions between

 

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the Trust and DTC or NSCC (acting
on behalf of the applicable Authorized Participant).

 

		1.4	Authorized Persons. The Trust hereby agrees and acknowledges that the Transfer Agent may
rely on the current list of authorized persons of the Sponsor and other persons authorized by the Sponsor, including the Distributor,
as provided or agreed to by the Sponsor on behalf of the Trust and as may be amended from time to time, in receiving instructions
to issue or redeem Baskets. The Trust agrees and covenants for itself and each such authorized person that any order or sale of
or transaction in Baskets received by it after the order cut-off time as set forth in the Prospectus or such earlier time as designated
by the Trust (the “Order Cut-Off Time”), shall be effectuated at the net asset value determined on the next business
day or as otherwise required pursuant to the applicable Trust’s then-effective Prospectus, and the Trust or such authorized
person shall so instruct the Transfer Agent of the proper effective date of the transaction.

 

		1.5	Anti-Money Laundering and Client Screening. With respect to the Trust’s offering and
sale of Baskets at any time, and for all subsequent transfers of such interests, the Trust or its delegate shall, to the extent
applicable, directly or indirectly and to the extent required by law: (i) conduct know your customer/client identity due diligence
with respect to potential investors and transferees in the Shares and Baskets and shall obtain and retain due diligence records
for each investor and transferee; (ii) use its best efforts to ensure that each investor’s and any transferee’s funds
used to purchase Baskets or Shares shall not be derived from, nor the product of, any criminal activity; (iii) if requested, provide
periodic written verifications that such investors/transferees have been checked against the United States Department of the Treasury
Office of Foreign Assets Control database for any non-compliance or exceptions; and (iv) perform its obligations under this Section
in accordance with all applicable anti-money laundering laws and regulations. In the event that the Transfer Agent has received
advice from counsel that access to underlying due diligence records pertaining to the investors/transferees is necessary to ensure
compliance by the Transfer Agent with relevant anti-money laundering (or other applicable) laws or regulations, the Trust shall,
upon receipt of written request from the Transfer Agent, provide the Transfer Agent copies of such due diligence records.

 

		1.6	State Transaction (“Blue Sky”) Reporting. If applicable, the Trust shall be
solely responsible for its “blue sky” compliance and state registration requirements.

 

		1.7	Tax Law. The Transfer Agent shall have no responsibility or liability for any obligations
now or hereafter imposed on the Trust, any Baskets, any Shares, a beneficial owner thereof, an Authorized Participant or the Transfer
Agent in connection with the services provided by the Transfer Agent hereunder by the tax laws of any country or of any state or
political subdivision thereof. It shall be the responsibility of the Trust to notify the Transfer Agent of the obligations imposed
on the Trust, the Baskets, the Shares, or the Transfer Agent in connection with the services provided by the Transfer Agent hereunder
by the tax law of countries,

 

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states and political subdivisions
thereof, including responsibility for withholding and other taxes, assessments or other governmental charges, certifications and
governmental reporting.

 

		1.8	The Transfer Agent shall provide the office facilities and the personnel determined by it to perform
the services contemplated herein.

 

		2.	FEES AND EXPENSES

 

		2.1	Fee Schedule. For the performance by the Transfer Agent of services provided pursuant to
this Agreement, the Transfer Agent shall be entitled to receive the fees and expenses set forth in a written fee schedule. Such
fees and any out of pocket expenses and advances identified under Section 2.2 below may be changed from time to time, subject to
mutual written agreement between the Trust and the Transfer Agent. The parties agree that the fees set forth in the fee schedule
shall apply with respect to each Trust listed on Schedule A hereto as of the date hereof and to any newly created Trusts added
to this Agreement that have requirements consistent with services then being provided by the Transfer Agent under this Agreement.
In the event that a Trust is to become a party to this Agreement as a result of an acquisition or merger, then the parties shall
confer diligently and negotiate in good faith, and agree upon fees applicable to such Trust.

 

		2.2	Out of Pocket Expenses. In addition to the fees paid under Section 2.1 above, the Trust
agrees to reimburse the Transfer Agent for reasonable out of pocket expenses set out in the fee schedule. In addition, any other
reasonable expenses incurred by the Transfer Agent at the request or with the consent of the Trust, will be reimbursed by the Trust.

 

		3.	REPRESENTATIONS AND WARRANTIES OF THE TRANSFER AGENT

 

The Transfer Agent represents
and warrants to the Trust that:

 

		3.1	It is a trust company duly organized and existing under the laws of the Commonwealth of Massachusetts.

 

		3.2	It is duly registered as a transfer agent under Section 17A(c)(2) of the Securities Exchange Act
of 1934, as amended (the “1934 Act”), it will remain so registered for the duration of this Agreement, and it will
promptly notify the Trust in the event of any material change in its status as a registered transfer agent.

 

		3.3	It is duly qualified to carry on its business in the Commonwealth of Massachusetts.

 

		3.4	It is empowered under applicable laws and by its organizational documents to enter into and perform
the services contemplated in this Agreement.

 

		3.5	All requisite organizational proceedings have been taken to authorize it to enter into and perform
this Agreement.

 

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		3.6	It has and will continue to have access to the necessary facilities, equipment and personnel to
perform its duties and obligations under this Agreement.

 

		3.7	It will promptly notify the Trust in the event that the Transfer Agent is for any reason unable
to perform any of its obligations under this Agreement.

 

		3.8	It will promptly notify the Trust, except as may be prohibited by applicable law, of any legal,
regulatory or administrative proceedings that have been instituted, which would materially impair the Transfer Agent’s ability
to perform its duties and obligations under this Agreement.

 

		3.9	The various procedures and systems which it has implemented with regard to safeguarding from loss
or damage attributable to fire, theft or any other cause, the Trust’s records and other data and the Transfer Agent’s
records, data equipment facilities and other property used in the performance of its obligations hereunder are adequate and it
will make such changes therein from time to time as it may deem reasonably necessary for the secure performance of its obligations
hereunder.

 

The Transfer Agent
will notify the Trust promptly if any of the representations and warranties above cease to be true.

 

		4.	REPRESENTATIONS AND WARRANTIES OF THE TRUST

 

The Trust represents and
warrants to the Transfer Agent that:

 

		4.1	The Trust is a statutory trust duly organized, existing and in good standing under the laws of
the state of its formation.

 

		4.2	The Trust is empowered under applicable laws and by its organizational documents to enter into
and perform this Agreement.

 

		4.3	All requisite proceedings have been taken to authorize the Trust to enter into, perform and receive
services pursuant to this Agreement.

 

		4.4	A registration statement under the Securities Act of 1933, as amended (the “Securities Act”),
is currently effective and will remain effective, and all appropriate state securities law filings have been made and will continue
to be made, with respect to all Shares of the Trust being offered for sale.

 

		4.5	It has all necessary right, title, intellectual property, licenses, consents and content as may
be necessary for the Trust to operate as presently contemplated.

 

The Trust will notify
the Transfer Agent promptly if any of the representations and warranties above cease to be true.

 

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		5.	DATA ACCESS AND PROPRIETARY INFORMATION

 

		5.1	The Trust acknowledges that the databases, computer programs, screen formats, report formats, interactive
design techniques, and documentation manuals furnished to the Trust by the Transfer Agent as part of the Trust’s ability
to access certain Trust-related data maintained by the Transfer Agent or another third party on databases under the control and
ownership of the Transfer Agent (“Data Access Services”) constitute copyrighted, trade secret, or other proprietary
information (collectively, “Proprietary Information”) of substantial value to the Transfer Agent or another third party.
In no event shall Proprietary Information be deemed Authorized Participant information or the confidential information of the Trust.
The Trust agrees to treat all Proprietary Information as proprietary to the Transfer Agent and further agrees that it shall not
divulge any Proprietary Information to any person or organization except as may be provided hereunder. Without limiting the foregoing,
the Trust agrees for itself and its officers and trustees (references to officers and/or trustees of the Trust as used herein shall
be deemed to include officers and/or trustees/directors of the Sponsor) and their agents, to:

 

		(i)	use such programs and databases solely on the Trust’s, or such agents’ computers, or
solely from equipment at the location(s) agreed to between the Trust and the Transfer Agent, and solely in accordance with the
Transfer Agent’s applicable user documentation;

 

		(ii)	refrain from copying or duplicating in any way the Proprietary Information;

 

		(iii)	refrain from obtaining unauthorized access to any portion of the Proprietary Information, and if
such access is inadvertently obtained, to inform the Transfer Agent in a timely manner of such fact and dispose of such information
in accordance with the Transfer Agent’s instructions;

 

		(iv)	refrain from causing or allowing Proprietary Information transmitted from the Transfer Agent’s
computers to the Trust’s, or such agents’ computer to be retransmitted to any other computer facility or other location,
except with the prior written consent of the Transfer Agent;

 

		(v)	allow the Trust or such agents to have access only to those authorized transactions agreed upon
by the Trust and the Transfer Agent;

 

		(vi)	honor all reasonable written requests made by the Transfer Agent to protect at the Transfer Agent’s
expense the rights of the Transfer Agent in Proprietary Information at common law, under federal copyright law and under other
federal or state law.

 

		5.2	Proprietary Information shall not include all or any portion of any of the foregoing items that
are or become publicly available without breach of this Agreement; that are released for general disclosure by a written release
by the

 

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Transfer Agent; or that are already
in the possession of the receiving party at the time of receipt without obligation of confidentiality or breach of this Agreement.

 

		5.3	If the Trust notifies the Transfer Agent that any of the Data Access Services do not operate in
material compliance with the most recently issued user documentation for such services, the Transfer Agent shall endeavor in a
timely manner to correct such failure. Organizations from which the Transfer Agent may obtain certain data included in the Data
Access Services are solely responsible for the contents of such data, and the Trust agrees to make no claim against the Transfer
Agent arising out of the contents of such third-party data, including, but not limited to, the accuracy thereof. DATA ACCESS SERVICES
AND ALL COMPUTER PROGRAMS AND SOFTWARE SPECIFICATIONS USED IN CONNECTION THEREWITH ARE PROVIDED ON AN “AS IS, AS AVAILABLE”
BASIS. THE TRANSFER AGENT EXPRESSLY DISCLAIMS ALL WARRANTIES EXCEPT THOSE EXPRESSLY STATED HEREIN INCLUDING, BUT NOT LIMITED TO,
THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

 

		5.4	If the transactions available to the Trust include the ability to originate electronic instructions
to the Transfer Agent in order to effect the transfer or movement of cash or Baskets or transmit Authorized Participant information
or other information, then in such event the Transfer Agent shall be entitled to rely on the validity and authenticity of such
instruction without undertaking any further inquiry as long as such instruction is undertaken in conformity with security procedures
established by the Transfer Agent from time to time.

 

		5.5	Each party shall take reasonable efforts to advise its employees of their obligations pursuant
to this Section. The obligations of this Section shall survive any earlier termination of this Agreement.

 

		6.	RESERVED

 

		7.	STANDARD OF CARE / INDIRECT DAMAGES

 

		7.1	Standard of Care. The Transfer Agent shall at all times act in good faith and without negligence
and agrees to exercise the care and expertise of a leading provider of transfer agency services and use all reasonable efforts
in performing the services under this Agreement, but assumes no responsibility and shall not be liable for loss or damage due to
errors unless said errors are caused by its bad faith, negligence, or willful misconduct or that of its employees or agents. The
parties agree that any encoding or payment processing errors shall be governed by this standard of care, and that Section 4-209
of the Uniform Commercial Code is superseded by this Section.

 

		7.2	Indirect Damages. Other than damages arising from a party’s fraud, neither party shall
be liable for any special, indirect or consequential damages under any

 

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provision of this Agreement or for
any special, indirect or consequential damages arising out of any act or failure to act hereunder.

 

		7.3	In any event, except as otherwise agreed to in writing by the parties hereto, the Transfer Agent’s
cumulative liability for each calendar year (a “Liability Period”) with respect to the services provided pursuant to
this Agreement regardless of the form of action or legal theory shall be limited to its total annual compensation earned and fees
payable hereunder during the preceding Compensation Period, as defined herein, for any liability or loss suffered by the Trust
including, but not limited to, any liability relating to qualification of the Trust as a regulated investment company or any liability
relating to the Trust’s compliance with any federal or state tax or securities statute, regulation or ruling during such
Liability Period. “Compensation Period” shall mean the calendar year ending immediately prior to each Liability Period
in which the event(s) giving rise to the Transfer Agent’s liability for that period have occurred. For any partial first
year, the annual cumulative liability hereunder shall be the Transfer Agent’s total compensation earned and fees payable
hereunder during such partial first year on an annualized basis.

 

		8.	INDEMNIFICATION

 

		8.1	The Transfer Agent shall not be responsible for, and the Trust shall indemnify and hold the Transfer
Agent harmless, from and against, any and all losses, damages, costs, charges, reasonable counsel fees (including the defense of
any lawsuit solely in connection with services under this Agreement in which the Transfer Agent or its affiliate is a named party),
payments, expenses and liability directly arising out of or directly attributable to the following; provided, however, that the
Trust shall not be obligated to indemnify the Transfer Agent hereunder if such loss, damage or liability is due to the Transfer
Agent’s (i) breach of its standard of care as set forth in Section 7.1 or (ii) violation of applicable law or regulation
pertaining to the transfer agency services:

 

		(a)	All actions of the Transfer Agent required to be taken pursuant to this Agreement, provided that
such actions are taken in good faith and without negligence or willful misconduct;

 

		(b)	The Trust’s lack of good faith, negligence or willful misconduct;

 

		(c)	The reasonable reliance upon, and any subsequent reasonable use of or action taken or omitted,
by the Transfer Agent, or its agents or subcontractors on: any information, records, documents, data, stock certificates or services,
which are received by the Transfer Agent, including those received by machine readable input, facsimile, electronic instructions,
or other similar means authorized by the Trust, and which have been prepared, maintained or performed by the Trust or any other
person or firm on behalf of the Trust including but not limited to any broker-dealer, third party administrator or previous transfer
agent; any

 

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instructions or requests of the Trust
or any of its officers; or any paper or document, reasonably believed to be genuine, authentic, or signed by the proper person
or persons;

 

		(d)	The offer or sale of Baskets in violation of federal or state securities laws or regulations requiring
that such Baskets be registered, or in violation of any stop order or other determination or ruling by any federal or any state
agency with respect to the offer or sale of such Baskets (except to the extent that such violation resulted directly from the Transfer
Agent’s failure to comply with the instructions of the Trust or the Administrator identifying the states and countries where
the Shares of the Trust or the Funds are registered or exempt, and the number of Shares of each class registered with respect to
each such state or country, as applicable.

 

		(e)	The negotiation and processing of any checks, wires and ACH transmissions including without limitation
for deposit into, or credit to, the Trust’s demand deposit accounts maintained by the Transfer Agent; the Transfer Agent
shall assist the Trust and work with the Trust and the depositing and/or originating bank to mitigate the losses where possible;
however, the Trust acknowledges that such mitigation is not a condition of this indemnity obligation;

 

		(f)	Upon the Trust’s request, entering into any agreements required by the NSCC for the transmission
of Trust or Shareholder data through the NSCC clearing systems; or

 

		(g)	any tax obligations under the tax laws of any country or of any state or political subdivision
thereof, including taxes, withholding and reporting requirements, claims for exemption and refund, additions for late payment,
interest, penalties and other expenses (including legal expenses) that may be assessed, imposed or charged against the Transfer
Agent as transfer agent hereunder.

 

		8.2	At any time the Transfer Agent may apply to any officer of the Trust for instructions, and may
consult with legal counsel with respect to any matter arising in connection with the services to be performed by the Transfer Agent
under this Agreement, and the Transfer Agent and its agents or subcontractors shall not be liable and shall be indemnified by the
Trust for any action taken or omitted by it in reliance upon such instructions or upon the opinion of such counsel, provided however,
with respect to the performance of any action or omission of any action upon such advice, the Transfer Agent shall be acting within
the standard of care set forth in Section 7.1. The Transfer Agent shall promptly notify the Trust of the receipt of such advice.
The Transfer Agent, its agents and subcontractors shall be protected and indemnified in acting upon any paper or document furnished
by or on behalf of the Trust reasonably believed to be genuine and to have been signed by the proper person or persons, or upon
any instruction, information, data,

 

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records or documents provided the Transfer
Agent or its agents or subcontractors by machine readable input, electronic data entry or other similar means authorized by the
Trust, and shall not be held to have notice of any change of authority of any person, until receipt of written notice thereof from
the Trust.

 

		9.	ADDITIONAL COVENANTS OF THE TRUST AND THE TRANSFER AGENT

 

		9.1	Delivery of Documents. The Trust shall promptly furnish to the Transfer Agent the following:

 

		(i)	A copy of the resolution of the Sponsor of the Trust certified by an officer authorizing the appointment
of the Transfer Agent and the execution and delivery of this Agreement.

 

		(ii)	A copy of the Declaration of Trust and By-Laws of the Trust and all amendments thereto.

 

		9.2	Certificates, Checks, Facsimile Signature Devices. The Transfer Agent hereby agrees to establish
and maintain facilities and procedures for safekeeping of any stock certificates, check forms and facsimile signature imprinting
devices; and for the preparation or use, and for keeping account of, such certificates, forms and devices.

 

		9.3	Records. The Transfer Agent shall keep records relating to the services to be performed
hereunder, in the form and manner as it may deem advisable. The Transfer Agent agrees that all such records prepared or maintained
by the Transfer Agent relating to the services to be performed by the Transfer Agent hereunder are the property of the Trust and
will be and will be surrendered promptly to the Trust on and in accordance with its request. Records may be surrendered in either
written or machine-readable form, at the option of the Transfer Agent.

 

		9.4	In performing the services hereunder, the Transfer Agent shall comply with the applicable provisions
of the Trust’s current prospectus(es) and statement(s) of additional information, and effective amendments thereto. The Trust
shall promptly provide the Transfer Agent with copies of such material as soon as available and, upon request, copies of any applicable
resolutions by the Trust’s Board of Trustees which relate to the Shares.

 

		9.5	SSAE16 Reports. The Transfer Agent will furnish to the Trust, on a semi-annual basis, a
report in accordance with Statements on Standards for Attestation Engagements No. 16 (the “SSAE Report”) as well as
such other reports and information relating to the Transfer Agent’s policies and procedures and its compliance with such
policies and procedures and with the laws applicable to its business and its services, as the parties may mutually agree upon.

 

		9.6	Business Continuity. The Transfer Agent shall, at no additional expense to the Trust, take
reasonable steps to minimize service interruptions in the event of

 

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equipment failure, work stoppage,
governmental action, communication disruption or other impossibility of performance beyond the Transfer Agent’s control.
The Transfer Agent shall enter into and shall maintain in effect at all times during the term of this Agreement with appropriate
parties one or more agreements making reasonable provision, at a level the Transfer Agent believes consistent with other similarly
situated providers of transfer agency services, for (i) periodic back-up of the computer files and data with respect to the Trust
and (ii) emergency use of electronic data processing equipment to provide services under this Agreement. Upon reasonable request,
the Transfer Agent shall discuss with the Trust any business continuity/disaster recovery plan of the Transfer Agent and/or provide
a high-level presentation summarizing such plan.

 

		9.7	Cooperation with Accountants. The Transfer Agent shall cooperate with the Trust’s
independent public accountants and shall take all reasonable actions in the performance of its obligations under this Agreement
to provide such information, as may be reasonably requested by the Trust from time to time, to such accountants for the expression
of their opinion.

 

		9.8	Insurance. The Transfer Agent shall at all times during the term of this Agreement maintain,
at its cost, insurance coverage regarding its business in such amount and scope as it deems adequate in connection with the services
provided by the Transfer Agent under this Agreement.  Upon the Trust’s reasonable request, which in no event shall be
more than once annually, the Transfer Agent shall furnish to the Trust a summary of the Transfer Agent’s applicable insurance
coverage.

 

		10.	CONFIDENTIALITY 

 

		10.1	The parties hereto agree that each shall treat confidentially all information provided by each
party to the other party regarding its business and operations, including information related to the development of new Trusts
or new series. The Transfer Agent shall treat confidentially all information obtained in the ordinary course of performing its
duties hereunder about the Trust’s prior, present or potential shareholders or relative to the advisor or distributor and
their prior, present or potential customers (including all “personal information” described in Section 15.4 of this
Agreement). All confidential information provided by a party hereto shall be used by any other party hereto solely for the purpose
of rendering or receiving services pursuant to this Agreement and, except as may be required in carrying out this Agreement, shall
not be disclosed to any third party. The foregoing shall not be applicable to any information (i) that is publicly available when
provided or thereafter becomes publicly available, other than through a breach of this Agreement, (ii) that is independently derived
by either party hereto without the use of any information provided by the other party hereto in connection with this Agreement,
(iii) that is disclosed, upon prior notice to the party whose information is being disclosed (to the extent such notice is permissible),
in the manner and to the extent required in any legal or regulatory proceeding, investigation, audit, examination, subpoena, civil
investigative

 

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demand or other similar process,
or by operation of law or regulation, or (iv) where the party seeking to disclose has received the prior written consent of the
party providing the information, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, each party acknowledges
that the other party may provide access to and use of confidential information relating to the other party to the disclosing party’s
employees, contractors, agents, professional advisors, auditors or persons performing similar functions, as necessary solely for
the purpose of rendering services under this Agreement, provided that each person or entity shall be subject to confidentiality
obligations substantially similar to those set forth herein. Further, each party agrees and represents that in no case would information
it receives under this Agreement be used against the other party in a manner that is adverse to the other party’s interests
(including the other party’s interests in competitive businesses). Nothing herein shall prohibit or restrict the right of
each party (or its affiliates) to develop, use or market products or services similar to or competitive with those of the other
party (or its affiliates) provided that any such development, use or marketing does not violate the confidentiality obligations
set forth herein. Additionally, each party acknowledges that the other party (or its affiliates) may already possess or have developed
products or services similar to or competitive with those of the other party.

 

The undertakings and obligations contained
in this Section 10.1 shall survive the termination of this Agreement.

 

		10.2	The Transfer Agent affirms that it has, and will continue to have throughout the term of this Agreement,
procedures in place that are reasonably designed to protect the privacy of non-public personal consumer/customer financial information
to the extent required by applicable laws, rules and regulations. The Transfer Agent will employ reasonable safeguards designed
to protect the Trust’s confidential information, which may include but are not limited to the use of encryption technologies,
passwords and any other safeguards the Transfer Agent may choose to employ. If either party becomes aware of a breach of this confidentiality
provision, it will notify promptly the other party of such breach and provide such details as it deems appropriate and in accordance
with the standard of care hereunder regarding the extent of the breach of confidentiality.

 

		11.	Effective Period and Termination

 

This Agreement shall remain
in full force and effect for an initial term ending March 31, 2019 (the “Initial Term”). After the expiration
of the Initial Term, this Agreement shall automatically renew for successive one-year terms (each, a “Renewal Term”)
unless a written notice of non-renewal is delivered by the non-renewing party no later than ninety (90) days prior to the expiration
of the Initial Term or any Renewal Term, as the case may be. During the Initial Term and thereafter, either party may terminate
this Agreement: (i) in the event of the other party’s material breach of a material provision of this Agreement that the
other party has either (a) failed to cure or (b) failed to establish a remedial plan to cure that is reasonably acceptable, within
60 days’ written notice of such breach, (ii) in the event of the appointment of a

 

    -13- 

     

    

 

conservator or receiver for the other party
or upon the happening of a like event to the other party at the direction of an appropriate agency or court of competent jurisdiction,
or (iii) based upon the Trust’s determination that there is a reasonable basis to conclude that the Administrator is insolvent
or that the financial condition of the Transfer Agent is deteriorating in any material respect. Termination of this Agreement with
respect to any one particular Trust shall in no way affect the rights and duties under this Agreement with respect to the Trust.

 

As soon as reasonably practicable
following the termination or expiration of this Agreement, the Transfer Agent agrees to transfer such records and related supporting
documentation as are held by it under this Agreement to any replacement provider of the services or to such other person as the
Trust may direct. If directed by the Trust, the Transfer Agent will provide the services hereunder until a replacement transfer
agent is in place, for a reasonable period of time up to nine (9) months, subject to the terms of this Agreement, including compensation.
The Transfer Agent will also provide reasonable assistance to its successor, for such transfer, subject to the payment of such
reasonable expenses and charges as the Transfer Agent customarily charges for such assistance.

 

		12.	Additional TRUSTS

 

In the event that
any entity in addition to those listed on Schedule A hereto desires to have the Transfer Agent render services as transfer
agent under the terms hereof, it shall so notify the Transfer Agent in writing, and if the Transfer Agent agrees in writing to
provide such services, which shall not be unreasonably withheld, such entity shall become a Trust hereunder and be bound by all
terms and conditions and provisions hereof.

 

		13.	assignment

 

This Agreement may
not be assigned by (a) the Trust without the written consent of the Transfer Agent or (b) by the Transfer Agent without the written
consent of the Trust, except that the Transfer Agent may assign this Agreement to a successor of all or a substantial portion of
its business, or to a party controlling, controlled by or under common control with the Transfer Agent.

 

		14.	subcontractors

 

		14.1	The Transfer Agent may, without further consent on the part of the Trust, subcontract for the performance
hereof with each of the following entities provided it is duly registered pursuant to Section 17A(c)(2) of the 1934 Act: (i) Boston
Financial Data Services, Inc., a Massachusetts corporation (“BFDS”); (ii) a BFDS subsidiary; (iii) a BFDS affiliate;
or (iv) another affiliated third party duly registered as a transfer agent; provided, however, that the Transfer Agent shall remain
liable to the Trust for the acts and omissions of any subcontractor under this Section as it is for its own acts and omissions
under this Agreement.

 

		14.2	For purposes of this Agreement, unaffiliated third parties such as, by way of example and not limitation,
Airborne Services, Federal Express, United Parcel Service, the U.S. Mails, the NSCC and telecommunication companies, shall not
be deemed to be subcontractors of the Transfer Agent.

 

    -14- 

     

    

 

		15.	miscellaneous

 

		15.1	Amendment. This Agreement may be amended by a written agreement executed by both parties.

 

		15.2	New York Law to Apply. This Agreement shall be construed and the provisions thereof interpreted
under and in accordance with the laws of the state of New York.

 

		15.3	Force Majeure.

 

(a)         Except as may arise from
the Transfer Agent’s failure to exercise its standard of care, the Transfer Agent shall not be responsible or liable for
any failure or delay in performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by
circumstances beyond its control, including without limitation, work stoppage, power or other mechanical failure, computer virus,
natural disaster, governmental action or communication disruption.

 

(b)         The Trust shall not be responsible
or liable for any failure or delay in performance of its obligations under this Agreement arising out of or caused, directly or
indirectly, by circumstances beyond its control, including without limitation, work stoppage, power or other mechanical failure,
computer virus, natural disaster, governmental action or communication disruption.

 

		15.4	Data Protection. The Transfer Agent will implement and maintain a comprehensive written
information security program that contains appropriate security measures to safeguard the personal information of the Trust’s
shareholders, employees, directors and/or officers that the Transfer Agent receives, stores, maintains, processes or otherwise
accesses in connection with the provision of services hereunder. For these purposes, “personal information” shall mean
(i) an individual’s name (first initial and last name or first name and last name), address or telephone number plus
(a) social security number, (b) drivers license number, (c) state identification card number, (d) debit or credit card number,
(e) financial account number or (f) personal identification number or password that would permit access to a person’s account
or (ii) any combination of the foregoing that would allow a person to log onto or access an individual’s account. Notwithstanding
the foregoing “personal information” shall not include information that is lawfully obtained from publicly available
information, or from federal, state or local government records lawfully made available to the general public.

 

		15.5	Survival. All provisions regarding indemnification, warranty, liability, and limits thereon,
and confidentiality and/or protections of proprietary rights and trade secrets shall survive the termination of this Agreement.

 

		15.6	Severability. If any provision or provisions of this Agreement shall be held invalid, unlawful,
or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired.

 

    -15- 

     

    

 

		15.7	Priorities Clause. In the event of any conflict, discrepancy or ambiguity between the terms
and conditions contained in this Agreement and any schedules or attachments hereto, the terms and conditions contained in this
Agreement shall take precedence.

 

		15.8	Waiver. No waiver by either party or any breach or default of any of the covenants or conditions
herein contained and performed by the other party shall be construed as a waiver of any succeeding breach of the same or of any
other covenant or condition. Any waiver must be in writing signed by the waiving party.

 

		15.9	Entire Agreement. This Agreement and any schedules, exhibits, attachments or amendments
hereto constitute the entire agreement between the parties hereto and supersedes any prior agreement with respect to the subject
matter hereof whether oral or written.

 

		15.10	Counterparts. This Agreement may be executed by the parties hereto on any number of counterparts,
and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

 

		15.11	Reproduction of Documents. This Agreement and all schedules, exhibits, attachments and amendments
hereto may be reproduced by any photographic, photostatic, microfilm, micro-card, miniature photographic or other similar process.
The parties hereto all/each agree that any such reproduction shall be admissible in evidence as the original itself in any judicial
or administrative proceeding, whether or not the original is in existence and whether or not such reproduction was made by a party
in the regular course of business, and that any enlargement, facsimile or further reproduction of such reproduction shall likewise
be admissible in evidence.

 

		15.12	Notices. All notices, requests, claims, demands and other communications required or permitted
to be given under this agreement shall be in writing and shall be delivered by hand or sent by an internationally recognized overnight
courier service with signature required for delivery, by facsimile where a confirmation of receipt is obtained, provided, however,
that if sent by facsimile the written communication must also be sent by next business day delivery via an internationally
recognized overnight courier service with signature required for delivery, or by registered or certified mail (postage prepaid,
return receipt requested) to the respective parties hereto at the following addresses:

 

		(a)	If to Transfer Agent, to:

 

State Street Bank and Trust Company

200 Clarendon Street, 16th Floor

Boston, Massachusetts 02116

Attention: Sheila McClorey, Transfer
Agent Vice President

Telephone: (617) 662-9681

Facsimile: (617) 956-5648

 

    -16- 

     

    

 

With a copy to:

State Street Bank and Trust Company

2 Avenue de Lafayette, 2nd Floor (LCC/2)

Boston, MA 02110

Attn: US Investor Services Legal Team,
Senior Managing Counsel

Telephone: (617) 662-1783

Facsimile: (617) 662-2702

 

		(b)	If to the Trust, to:

 

WisdomTree Commodity Pool

245 Park Avenue, 35th Floor

New York, NY 10167

Attn: Legal Department

Facsimile: 917-267-3851

 

All such communications so
addressed shall be deemed given (i) when delivered, if delivered personally to the intended recipient, or if sent by an internationally
recognized courier service with signature required for delivery, or if sent by facsimile and a confirmation of receipt is obtained,
and the written communication has also be sent for next business day delivery via a internationally recognized courier
service with signature required for delivery (ii) three business days after being mailed if sent by certified or registered
mail, postage prepaid, return receipt requested, or upon delivery if actual delivery occurs earlier.

 

		15.13	Limitation of Liability of the Trustees and Shareholders. This Agreement is executed by
the Sponsor on behalf of the Trust and the obligations hereunder are not binding upon any of the directors/trustees, officers or
shareholders of the Trust (or its Sponsor) individually. Notwithstanding any other provision in this Agreement to the contrary,
each and every obligation, liability or undertaking of a particular Trust under this Agreement shall constitute solely an obligation,
liability or undertaking of, and be binding upon, the Trust and shall be payable solely from the available assets of such particular
Trust and shall not be binding upon or affect any assets of any other Trust (or its Sponsor).

 

		15.14	Liability of Trust. The use of a single form of agreement referring to multiple Trusts listed
on Schedule A hereto is for ease of administrative purposes only. Transfer Agent and each Trust listed on Schedule A to this Agreement
shall be deemed for all purposes to have entered into and executed a separate Agreement. The assets and liabilities of each Trust
listed on Schedule A are separate and distinct; the obligations of or arising out of this Agreement are binding solely upon the
assets or property of each Trust, on whose behalf this Agreement has been executed.

 

    -17- 

     

    

 

IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be executed in their names and on their behalf by and through their duly authorized officers, as of the
day and year first above written.

 

State Street Bank and Trust
Company

 

	By:	 	 
	 	 	 	 
	 	Name:	Gunjan Kedia	 
	 	 	 	 
	 	Title:	Executive Vice President	 

 

Each COMMODITY POOL Entity

Identified on Schedule
A Hereto

 

BY ITS MANAGING OWNER AND/OR
SPONSOR

 

	By:	 	 
	 	 	 	 
	 	Name:	Gregory Barton	 
	 	 	 	 
	 	Title:	President	 

 

TRANSFER AGENCY AND SERVICE AGREEMENT

 

     

     

    

 

TRANSFER AGENCY AND SERVICE AGREEMENT

 

SCHEDULE A

Listing of Fund(s)

 

WisdomTree Continuous Commodity Index Fund (f/k/a
GreenHaven Continuous Commodity Index Fund) and its master fund

 

WisdomTree Coal Fund (f/k/a GreenHaven Coal
Fund)

 

    A-1Exhibit 10.6

 

FORM OF AUTHORIZED PARTICIPANT AGREEMENT

FOR 

WISDOMTREE CONTINUOUS COMMODITY INDEX
FUND

 

This Authorized Participant
Agreement (this “Agreement”) is entered into by and among WisdomTree Continuous Commodity Index Fund (“Fund”),
WisdomTree Commodity Services, LLC, the Fund’s managing owner (the “Managing Owner”), Foreside Fund Services,
LLC (the “Distributor”) and _______________________________________ (the “Authorized Participant”
and together with the Fund, the Managing Owner and the Distributor, the “Parties”), and is subject to acceptance
by State Street Bank and Trust Company (the “Transfer Agent”). The Transfer Agent serves as an agent for the
Fund and is an “Index Receipt Agent” as that term is defined in the rules of the National Securities Clearing Corporation
(“NSCC”).

 

As described in the Fund’s
Trust Agreement (as amended or supplemented from time to time, the “Trust Agreement”) and in the Prospectus
(as defined below), the Fund will issue its shares representing units of fractional undivided beneficial interest in and ownership
of the Fund (the “Shares”). The Shares may be created or redeemed by the Managing Owner for an Authorized Participant
in aggregations of Shares as set forth in the Prospectus (e.g., 50,000 Shares) (each aggregation, a “Creation Basket”
or “Redemption Basket,” respectively, and collectively, the “Baskets”). Creation Baskets
are offered only pursuant to the registration statement of the Fund on Form S-1, as declared effective by the Securities and Exchange
Commission (the “SEC”) and as amended and supplemented from time to time, or any successor registration statement
for the Shares (the “Registration Statement”), including the prospectus of the Fund a part thereof (the “Prospectus”).
Under the Trust Agreement, only Authorized Participants may place orders to create and redeem Baskets. The Prospectus provides
that the Authorized Participant will pay a transaction fee of two hundred dollars ($200) per order to create or redeem Baskets
(the “Transaction Fee”). See Section 5. The Transaction Fee may be adjusted from time to time as set
forth in the Prospectus.

 

To the extent there is
a conflict between any provision of this Agreement, other than the indemnities provided in Section 9 herein, and the provisions
of the Trust Agreement or the Prospectus, the Trust Agreement or the Prospectus, as applicable, shall control. Capitalized terms
not otherwise defined herein are used herein as defined in the Trust Agreement or the Prospectus, as applicable.

 

This Agreement is intended
to set forth certain premises and the procedures by which the Authorized Participant may purchase and/or redeem Shares (i) through
the Continuous Net Settlement (“CNS”) clearing processes of NSCC as such processes have been enhanced to effect
purchases and redemptions of Shares (such processes being referred to herein as the “CNS Clearing Process”),
or (ii) outside the CNS Clearing Process (i.e., through the manual process of The Depository Trust Company (“DTC”))
(the “DTC Process”). The procedures (the “Procedures”) for processing an order to purchase
Baskets (each a “Purchase Order”) and an order to redeem Baskets (each a “Redemption Order”
and together with a Purchase Order, an “Order”) are described in the Prospectus, the Trust Agreement, this Agreement
and in Attachment A to this Agreement, as each may be amended from time to time. A copy of the Fund’s Order Form (as
amended from time to time, the “Order Form”) has been made available to the Authorized Participant by the Transfer
Agent, as may be revised from time to timeAll Orders must be made pursuant to the Procedures.

 

To give effect to the foregoing
premises and in consideration of the mutual covenants and agreements set forth below, the Parties hereby agree as follows:

 

     

     

    

 

Section 1.            Representations,
Warranties and Covenants of the Authorized Participant.

 

(a)         The
Authorized Participant hereby represents, warrants and covenants that:

 

(i)          it
is a DTC Participant and, only with respect to Orders through the CNS Clearing Process, it is a member of NSCC and an authorized
participant in the CNS System of NSCC (a “Participating Party”); provided, that any change in the foregoing
status of the Authorized Participant shall terminate this Agreement and the Authorized Participant shall give prompt written notice
to the Distributor, the Fund and the Transfer Agent of such change;

 

(ii)         unless
Section 1(a)(v) is applicable, it (A) is registered as a broker-dealer under the Securities Exchange Act of 1934, as amended
(the “1934 Act”) and is a member in good standing of the Financial Industry Regulatory Authority (“FINRA”),
or (B) is exempt from being, or otherwise is not required to be, licensed as a broker-dealer or a member of FINRA, and in either
case is qualified to act as a broker or dealer in the states or other jurisdictions where the nature of its business so requires;

 

(iii)        it
will maintain registrations, qualifications, membership, or, if applicable, exempt status described in Section 1(a)(ii)
in good standing and in full force and effect throughout the term of this Agreement;

 

(iv)        it
will comply with all applicable United States federal laws, the laws of the states or other jurisdictions concerned and the rules
and regulations promulgated thereunder and with the FINRA By-Laws and NASD Conduct Rules (or with comparable FINRA Conduct Rules,
if such NASD Conduct Rules are subsequently renamed, repealed, rescinded or are otherwise replaced by FINRA Conduct Rules) if it
is a FINRA Member, to the extent the foregoing relates to the Authorized Participant’s transactions in, and activities with
respect to, the Shares, and that it will not offer or sell Shares of the Fund in any state or jurisdiction where they may not lawfully
be offered and/or sold;

 

(v)         if
the Authorized Participant is offering or selling Shares in jurisdictions outside the several states, territories and possessions
of the United States and is not otherwise required to be registered, qualified or a member of FINRA as set forth above, the Authorized
Participant will, in connection with such offers and sales, (A) observe the applicable laws of the jurisdiction in which such offer
and/or sale is made, (B) comply with the prospectus delivery and other requirements of the Securities Act of 1933, as amended (the
“1933 Act”) and the regulations promulgated thereunder, and (C) conduct its business in accordance with the
NASD Conduct Rules (or with comparable FINRA Conduct Rules, if such NASD Conduct Rules are subsequently renamed, repealed, rescinded,
or are otherwise replaced by FINRA Conduct Rules), to the extent the foregoing relates to the Authorized Participant’s transactions
in, and activities with respect to, the Shares;

 

(vi)        it
has established and presently maintains an anti-money laundering program (the “Program”) reasonably designed
to prevent the Authorized Participant from being used as a conduit for money laundering or other illicit purposes or the financing
of terrorist activities and is in compliance with the Program and all anti-money laundering laws, regulations and rules now or
hereafter in effect that are applicable to it, including, without limitation, the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act); and

 

(vii)       it
has the capability to send and receive communications via authenticated telecommunication facility to and from the Distributor,
the Transfer Agent and the Authorized

 

    2

     

    

 

Participant’s custodian, and
it shall confirm such capability to the satisfaction of the Distributor and the Transfer Agent prior to placing its first Order
with the Fund acting through the Transfer Agent.

 

(b)         The
Authorized Participant understands and acknowledges that the method by which Shares will be created and traded may raise certain
issues under applicable securities laws. For example, because new Shares may be issued and sold by the Fund on an ongoing basis,
at any point a “distribution,” as such term is used in the 1933 Act, may be occurring. The Authorized Participant further
understands and acknowledges that some of its activities may result in its being deemed a participant in a distribution in a manner
that could render it a statutory underwriter and subject it to the prospectus delivery and liability provisions of the 1933 Act.
The Authorized Participant should review the “Plan of Distribution” section of the Prospectus and consult with its
own counsel in connection with entering into this Agreement and placing Orders. The Authorized Participant also understands and
acknowledges that dealers who are not “underwriters” but are effecting transactions in the Shares, whether or not participating
in the distribution of the Shares, are generally required to deliver a Prospectus.

 

Section 2.            Execution
of Orders.

 

(a)         All
Orders shall be made in accordance with the terms of the Trust Agreement, the Prospectus and the Procedures. Each Party agrees
to comply with the provisions of such documents to the extent applicable to it. The Managing Owner may issue, or caused to be issued,
additional or other procedures from time to time relating to the manner of creating or redeeming Baskets that are not related to
the Procedures, and the Authorized Participant will comply with such procedures in placing Orders hereunder.

 

(b)         The
Authorized Participant acknowledges and agrees on behalf of itself and any party for which it is acting (whether as a customer
or otherwise) that delivery of an Order shall be irrevocable.

 

(c)         The
Authorized Participant acknowledges and agrees that:

 

(i)          the
Managing Owner, or its designee, may, in its discretion, suspend the right of purchase, or postpone the purchase settlement date,
(A) for any period during which the NYSE Arca is closed other than customary weekend or holiday closings, or trading on the NYSE
Arca is suspended or restricted; (B) for any period during which an emergency exists as a result of which the processing of Purchase
Orders is not reasonably practicable; or (C) for such other period as the Managing Owner determines to be necessary for the protection
of the Fund’s Shareholders;

 

(ii)         the
Managing Owner, or its designee, shall have the absolute right, but shall have no obligation, to reject any Purchase Order (A)
determined by the Managing Owner, or its designee, not to be submitted in compliance with the Procedures; (B) that the Managing
Owner, or its designee, has determined would have adverse tax consequences to the Fund or to its Shareholders; (C) if circumstances
outside the control of the Managing Owner, or its designee, make it, for all practical purposes, not feasible to process Creation
Baskets; or (D) the Managing Owner, or its designee, believes that it or the Fund would be in violation of any securities or commodities
rules or regulations regarding position limits or otherwise by accepting a Creation Order;

 

(iii)        the
Managing Owner, or its designee, may, in its discretion, suspend the right of redemption, or postpone the redemption settlement
date, (A) for any period during which the NYSE Arca is closed other than customary weekend or holiday closings, or trading on the
NYSE Arca is suspended or restricted; (B) for any period during which an emergency exists as a result of which the processing of
Redemption Orders is not reasonably practicable; or (C) for such other period as the Managing Owner determines to be necessary
for the protection of the Fund’s Shareholders; and

 

    3

     

    

 

(iv)        the
Managing Owner, or its designee, may reject a Redemption Order if the Redemption Order is not submitted in compliance with the
Procedures or if the fulfillment of the Redemption Order, in the opinion of counsel, might be illegal under applicable laws and
regulations.

 

None of the Fund, the Managing Owner, the Distributor
or the Transfer Agent will be liable to any person or in any way for any liability, loss or damages that may result from any rejection,
suspension or postponement of an Order.

 

(d)         The
Authorized Participant hereby consents to the use of recorded telephone lines whether or not such use is reflected in the Procedures.

 

Section 3.            NSCC.
Solely with respect to Orders effected through the CNS Clearing Process, the Authorized Participant, as a Participating Party,
hereby authorizes the Transfer Agent to transmit to the NSCC on behalf of the Authorized Participant such instructions consistent
with the instructions issued by the Authorized Participant to the Transfer Agent. The Authorized Participant agrees to be bound
by the terms of such instructions issued by the Transfer Agent and reported to NSCC as though such instructions were issued by
the Authorized Participant directly to NSCC.

 

Section 4.            Marketing
Materials; Representations Regarding Shares; Identification in Registration Statement. 

 

(a)         The
Authorized Participant represents, warrants and covenants that (i) it will not, in connection with any sale or solicitation of
a sale of Shares, make, or permit any of its representatives to make, any representations concerning the Shares or any AP Indemnified
Party (as defined below) other than representations not inconsistent with (A) the then-current Prospectus of the Fund, (B) printed
information approved by the Managing Owner as information supplemental to such Prospectus or (C) any promotional materials or sales
literature furnished to the Authorized Participant by the Managing Owner, and (ii) the Authorized Participant will not furnish
or cause to be furnished to any person or display or publish any information or material relating to the Shares or any AP Indemnified
Party that are inconsistent with the Fund’s then-current Prospectus. Copies of the then-current Prospectus and any such printed
supplemental information will be supplied by the Managing Owner, or its designee, to the Authorized Participant in reasonable quantities
upon request. The Managing Owner represents, warrants, and agrees that it will notify the Authorized Participant when a revised,
supplemented, or amended Prospectus for the Fund is available and deliver or otherwise make available to the Authorized Participant
copies of such revised, supplemented, or amended Prospectus at such time and in such numbers as to enable the Authorized Participant
to comply with any obligation it may have to deliver such Prospectus to its customers. The
Managing Owner will make such revised, supplemented, or amended Prospectus available to the Authorized Participant no later than
its effective date.

 

(b)         The
Managing Owner and the Fund represent and warrant that (i) the Registration Statement and the Prospectus contained therein
conforms in all material respects to the requirements of the 1933 Act and the rules and regulations of the SEC thereunder and do
not and will not, as of the applicable effective date as to the Registration Statement and any amendment thereto and as of the
applicable filing date as to the Prospectus and any amendment or supplement thereto, contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading,
(ii) the sale and distribution of the Shares as contemplated herein will not conflict with or result in a breach or violation of
any statute or any order, rule, or regulation of any court or governmental agency or body having jurisdiction over the Managing
Owner or the Fund, and (iii) no consent, approval, authorization, order, registration, or qualification of or with any such court
or governmental agency or body is required for the issuance and sale of the Shares, except registration under the 1933 Act.

 

    4

     

    

 

(c)         Notwithstanding
the foregoing or anything to the contrary in this Agreement, the Authorized Participant and its affiliates may, without the written
approval of the Managing Owner or the Fund, prepare and circulate in the regular course of their businesses research, sales literature,
reports and other similar materials that include information, opinions or recommendations relating to the Shares; provided,
that such research, sales literature, reports, and other similar materials comply with applicable NASD rules (or with comparable
FINRA rules, if such NASD rules are subsequently repealed, rescinded, or are otherwise replaced by FINRA rules).

 

(d)         The
Authorized Participant hereby agrees that, for the term of this Agreement, the Managing Owner or its designee may deliver the then-current
Prospectus, and any revisions, supplements or amendments thereto or recirculation thereof, to the Authorized Participant in Portable
Document Format (“PDF”) via electronic mail to (or to such other address as may be provided by the Authorized
Participant from time to time) in lieu of delivering the Prospectus in paper form. The Authorized Participant may revoke the foregoing
agreement at any time by delivering written notice to the Managing Owner, or the Managing Owner’s designee, and, whether
or not such agreement is in effect, the Authorized Participant may, at any time, request reasonable quantities of the Prospectus,
and any revisions, supplements or amendments thereto or recirculation thereof, in paper form from the Managing Owner or its designee.
The Authorized Participant acknowledges that it has the capability to access, view, save and print material provided to it in PDF
and that it will incur no appreciable extra costs by receiving the Prospectus in PDF instead of in paper form. The Managing Owner
will, when requested by the Authorized Participant, make available, or cause to be made available, at no cost the software and
technical assistance necessary to allow the Authorized Participant to access, view and print the PDF version of the Prospectus.

 

(e)         For
as long as this Agreement is effective, if required by the SEC, the Authorized Participant agrees to be identified as an authorized
participant of the Fund in the Prospectus and on the Fund’s website.

 

Section 5.            Fees.
To compensate State Street Bank and Trust Company for its services as Transfer Agent in connection with the processing of the creation
and redemption of Baskets, the Fund shall charge, and the Authorized Participant shall pay (which may be from its DTC account to
the Fund), the Transaction Fee described in the Prospectus. The current Transaction Fee shall be two hundred dollars ($200) per
order. The Transaction Fee may be adjusted from time to time as set forth in the Prospectus.

 

Section 6.            Authorized
Persons. Concurrently with the execution of this Agreement and from time to time thereafter as may be requested by the Managing
Owner, the Fund or the Distributor, the Authorized Participant shall deliver to such parties, with copies to the Transfer Agent,
at the address specified herein, duly certified as appropriate by its Secretary or other duly authorized official, a certificate
in the form attached hereto as Attachment B setting forth the names and signatures of all persons authorized to give instructions
relating to any activity contemplated hereby or any other notice, request or instruction on behalf of the Authorized Participant
(each such person an “Authorized Person”). Such certificate may be accepted and relied upon by the Managing
Owner, the Fund, the Distributor and the Transfer Agent as conclusive evidence of the facts set forth therein and shall be considered
to be in full force and effect until delivery to such parties of a superseding certificate in a form approved by the Managing Owner
bearing a subsequent date and duly certified as described above. Upon the termination or revocation of authority of such Authorized
Person by the Authorized Participant, the Authorized Participant shall give immediate written notice of such fact to the Managing
Owner, the Fund, the Distributor and the Transfer Agent, and such notice shall be effective upon receipt by each of such parties.

 

Section 7.           Redemption.
The Authorized Participant represents and warrants that it will not attempt to place a Redemption Order for the purpose of redeeming
any Basket unless (i) it owns outright or has the

 

    5

     

    

 

right or authority to tender for redemption the Baskets to be redeemed and to
receive the entire proceeds of the redemption, and (ii) such Baskets have
not been loaned or pledged to another party and are not the subject of a repurchase agreement, securities lending agreement or
any other arrangement that, under the circumstances, would preclude the delivery of such Baskets to the Transfer Agent on behalf
of the Fund in accordance with the Procedures or as otherwise required by the Fund.

 

Section 8.            Role
of Authorized Participant.

 

(a)         The
Authorized Participant acknowledges and agrees that for all purposes of this Agreement and the Trust Agreement, the Authorized
Participant will have no authority to act as an agent for the Managing Owner, the Fund, the Distributor, the Transfer Agent or
the Authorized Participant’s custodian in any matter or in any respect.

 

(b)         The
Authorized Participant covenants and agrees to make itself and its employees available, upon request, during normal business hours
to consult with the Managing Owner, the Fund, the Distributor, the Transfer Agent or the Authorized Participant’s custodian
or their designees concerning the performance of the Authorized Participant’s responsibilities under this Agreement.

 

(c)         The
Authorized Participant, as a DTC Participant, covenants and agrees that it shall be bound by all of the obligations of a DTC Participant
in addition to any obligations that it undertakes hereunder or in accordance with the Prospectus.

 

(d)         The
Authorized Participant agrees, subject to any privacy, confidentiality or other obligations it may have to its customers arising
under federal or state securities laws or the applicable rules of any self-regulatory organization, to assist, upon request, the
Managing Owner, the Fund, the Distributor and the Transfer Agent in ascertaining certain information that the Authorized Participant
may possess regarding sales of Shares made by or through the Authorized Participant that is necessary for the Fund to comply with
its obligations to distribute information to its Shareholders under applicable state or federal securities laws or as set forth
in the Prospectus.

 

Section 9.            Indemnification.

 

(a)          The
Authorized Participant hereby agrees to indemnify and hold harmless the Managing Owner, the Transfer Agent, the Distributor and
the Fund, and their respective subsidiaries, affiliates, directors, officers, employees and agents, and each person, if any, who
controls such persons within the meaning of Section 15 of the 1933 Act (each an “AP Indemnified Party”) from
and against any loss, liability, damage, reasonable cost and expense (including reasonable attorneys’ fees and the reasonable
cost of investigation) incurred by such AP Indemnified Party as a result of (i) any material breach by the Authorized Participant
of any provision of this Agreement that relates to the Authorized Participant, including its representations, warranties and covenants
made herein; (ii) any failure on the part of the Authorized Participant to perform any of its obligations set forth in this Agreement
except to the extent that such failure was directly caused by the Authorized Participant’s reasonable reliance on instructions
given or representations made by one or more AP Indemnified Parties; (iii) any failure by the Authorized Participant to comply
with applicable laws and rules and regulations of self-regulatory organizations to the extent the foregoing relates to the Authorized
Participant’s transactions in, and activities with respect to, Shares under this Agreement, except that the Authorized Participant
shall not be required to indemnify an AP Indemnified Party to the extent that such failure was caused by the Authorized Participant’s
adherence to instructions given or representations made by the Managing Owner or any AP Indemnified Party, as applicable; (iv)
any actions of such AP Indemnified Party in reliance upon any instructions issued by the Authorized Participant in accordance with
the Procedures that are reasonably believed by such AP Indemnified Party to be genuine and to have been given by the Authorized
Participant; or (v) (A) any representation by the Authorized Participant, its

 

    6

     

    

 

employees or its agents or other representatives
about the Shares, any AP Indemnified Party or the Fund that is not consistent with the Fund’s then-current
Prospectus made in connection with the offer or the solicitation of an offer to buy or sell the Shares and (B) any untrue statement
or alleged untrue statement of a material fact contained in any research reports, marketing material and sales literature described
herein or any alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading to the extent that such statement or omission relates to the Shares or any AP Indemnified Party, unless,
in either case, such representation, statement or omission was made or included by an AP Indemnified Party at the written direction
of the Managing Owner, the Fund or the Distributor or is based upon any omission or alleged omission by the Managing Owner, the
Fund or the Distributor to state a material fact in connection with such representation, statement or omission necessary to make
such representation, statement or omission not misleading. The Authorized Participant and the Distributor understand and agree
that the Fund as a third-party beneficiary to this Agreement is entitled and intends to proceed directly against the Authorized
Participant in the event that the Authorized Participant fails to honor any of its obligations pursuant to this Agreement that
benefit the Fund. The Authorized Participant shall not be liable to an AP Indemnified Party for any damages arising out of mistakes
or errors in data provided to the Authorized Participant, or mistakes or errors by, or out of interruptions or delays of communications
with the AP Indemnified Parties due to any action of a service provider to the Fund. The Authorized Participant shall not be liable
under its indemnity agreement contained in this subsection with respect to any claim made against any AP Indemnified Party unless
the AP Indemnified Party shall have notified the Authorized Participant in writing of the claim within a reasonable time after
the summons or other first written notification giving information of the nature of the claim shall have been served upon the AP
Indemnified Party (or after the AP Indemnified Party shall have received notice of service on any designated agent). However, failure
to notify the Authorized Participant of any claim shall not relieve the Authorized Participant from any liability that it may have
to any AP Indemnified Party against whom such action is brought otherwise than on account of its indemnity agreement contained
in this subsection and shall only release it from such liability under this subsection to the extent it has been materially prejudiced
by such failure to give notice. The Authorized Participant shall be entitled to participate at its own expense in the defense,
or, if it so elects, to assume the defense of any suit brought to enforce any claims, but if the Authorized Participant elects
to assume the defense, the defense shall be conducted by counsel chosen by it and satisfactory to the AP Indemnified Party in the
suit, and who shall not, except with the consent of the AP Indemnified Parties, be counsel to the Authorized Participant. If the
Authorized Participant does not elect to assume the defense of any suit, it will reimburse the AP Indemnified Party for the reasonable
fees and expenses of any counsel retained by them.

 

(b)          The
Distributor hereby agrees to indemnify and hold harmless the Authorized Participant, its respective subsidiaries, affiliates, directors,
officers, employees and agents, and each person, if any, who controls such persons within the meaning of Section 15 of the 1933
Act (each a “Distributor Indemnified Party”) from and against any loss, liability, damage, cost and expense
(including attorneys’ fees) incurred by such Distributor Indemnified Party as a result of (i) any breach by the Distributor
of any provision of this Agreement that relates to the Distributor; (ii) any failure on the part of the Distributor to perform
any of its obligations set forth in this Agreement; (iii) any failure by the Distributor to comply with applicable laws, including
rules and regulations of self-regulatory organizations; (iv) actions of a Distributor Indemnified Party in reliance upon any instructions
issued or representations made in accordance with the Procedures reasonably believed by a Distributor Indemnified Party to be genuine
and to have been given by the Distributor; or (v) any untrue statement or alleged untrue statement of a material fact contained
in the Registration Statement of the Fund or in any amendment thereof, or in any Prospectus or any statement of additional information,
or any amendment thereof or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the statements therein not misleading, in connection with the
Authorized Participant’s acting in its capacity as an Authorized Participant. The Distributor shall not be liable under its
indemnity agreement contained in this subsection with respect to any claim made against any Distributor Indemnified Party unless

 

    7

     

    

 

the Distributor Indemnified Party shall have notified the Distributor in writing of the claim within a reasonable time after the
summons or other first written notification giving information of the nature of the claim shall have been served upon the Distributor
Indemnified Party (or after the Distributor Indemnified Party shall have received notice of service on any designated agent). However,
failure to notify the Distributor of any claim shall not relieve the Distributor from any liability that it may have to any Distributor
Indemnified Party against whom such action is brought otherwise than on account of its indemnity agreement contained in this subsection
and shall only release it from such liability under this subsection to the extent it has been materially prejudiced by such failure
to give notice. The Distributor shall be entitled to participate at its own expense in the defense, or, if it so elects, to assume
the defense of any suit brought to enforce any claims, but if the Distributor elects to assume the defense, the defense shall be
conducted by counsel chosen by it and satisfactory to the Distributor Indemnified Party in the suit and who shall not, except with
the consent of the Distributor Indemnified Party, be counsel to the Distributor. If the Distributor does not elect to assume the
defense of any suit, it will reimburse the Distributor Indemnified Party in the suit for the reasonable fees and expenses of any
counsel retained by them.

 

(c)         The
Managing Owner hereby agrees to indemnify and hold harmless the Authorized Participant, and its respective subsidiaries, affiliates,
directors, officers, employees and agents, and each person, if any, who controls such persons within the meaning of Section 15
of the 1933 Act (each a “Managing Owner Indemnified Party”) from and against any loss, liability, damage, cost
and expense (including reasonable attorneys’ fees and the reasonable cost of investigation) incurred by such Managing Owner
Indemnified Party as a result of (i) any breach by the Managing Owner of any provision of this Agreement that relates to the Managing
Owner; (ii) any failure on the part of the Managing Owner to perform any of its obligations set forth in this Agreement; (iii)
any failure by the Managing Owner to comply with applicable laws, including rules and regulations of self-regulatory organizations;
(iv) any untrue statements or omissions made in any promotional material or sales literature furnished to the Authorized Participant
or otherwise approved in writing by the Managing Owner or its designee; (v) actions of such Managing Owner Indemnified Party in
reliance upon any instructions issued or representations made by the Managing Owner or the Fund in accordance with this Agreement
(including the attachments hereto) reasonably believed by the Authorized Participant to be genuine and to have been given by the
Managing Owner or the Fund, or (vi) any untrue statement or alleged untrue statement of a material fact contained in the Registration
Statement of the Fund as originally filed with the SEC or in any amendment thereof, or in the Prospectus, or in any amendment thereof
or supplement thereto, or arising out of or based upon the omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading, except those statements in the Registration Statement
or the Prospectus based on information furnished in writing by or on behalf of the Authorized Participant expressly for use in
the Registration Statement or the Prospectus. The Managing Owner shall not be liable under its indemnity agreement contained in
this subsection with respect to any claim made against any Managing Owner Indemnified Party unless the Managing Owner Indemnified
Party shall have notified the Managing Owner in writing of the claim within a reasonable time after the summons or other first
written notification giving information of the nature of the claim shall have been served upon the Managing Owner Indemnified Party
(or after the Managing Owner Indemnified Party shall have received notice of service on any designated agent). However, failure
to notify the Managing Owner of any claim shall not relieve the Managing Owner from any liability that it may have to any Managing
Owner Indemnified Party against whom such action is brought otherwise than on account of its indemnity agreement contained in this
subsection and shall only release it from such liability under this subsection to the extent it has been materially prejudiced
by such failure to give notice. The Managing Owner shall be entitled to participate at its own expense in the defense, or, if it
so elects, to assume the defense of any suit brought to enforce any claims, but if the Managing Owner elects to assume the defense,
the defense shall be conducted by counsel chosen by it and satisfactory to the Managing Owner Indemnified Party in the suit and
who shall not, except with the consent of the Managing Owner Indemnified Party, be counsel to the Managing Owner. If the

 

    8

     

    

 

Managing
Owner does not elect to assume the defense of any suit, it will reimburse the Managing Owner Indemnified Party in the suit for
the reasonable fees and expenses of any counsel retained by them.

 

(d)         This
Section 9 shall not apply to the extent any such losses, liabilities, damages, costs and expenses are incurred as a result
or in connection with any gross negligence, bad faith or willful misconduct on the part of an AP Indemnified Party, a Distributor
Indemnified Party or a Managing Owner Indemnified Party, as the case may be. The term “affiliate” in this Section
9 shall include, with respect to any person, entity or organization, any other person, entity or organization which directly,
or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such person, entity
or organization.

 

(e)         No
indemnifying party, as described in subsections (a), (b) or (c) above, shall, without the written consent of the AP Indemnified
Party, Distributor Indemnified Party or Managing Owner Indemnified Party, as the case may be, effect the settlement or compromise
of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification
or contribution may be sought hereunder (whether or not the indemnified party is an actual or potential party to such action or
claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the AP Indemnified Party, Distributor
Indemnified Party or Managing Owner Indemnified Party, as the case may be, from all liability arising out of such action or claim
and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act, by or on behalf of any AP
Indemnified Party, Distributor Indemnified Party or Managing Owner Indemnified Party, as the case may be.

 

Section 10.          Liability.

 

(a)         The
Distributor, the Transfer Agent, the Managing Owner and the Fund, whether acting directly or through agents (including the Transfer
Agent), undertake to perform such duties and only such duties as are expressly set forth herein, or expressly incorporated herein
by reference, and no implied covenants or obligations shall be read into this Agreement against the Distributor, the Transfer Agent,
the Managing Owner, or the Fund.

 

(b)         In
the absence of bad faith, gross negligence or willful misconduct on its part, neither the Distributor, the Transfer Agent, the
Managing Owner nor the Fund, whether acting directly or through agents (including the Transfer Agent), shall be liable for any
action taken, suffered or omitted or for any error of judgment made by any of them in the performance of their duties hereunder.
Neither the Distributor, the Transfer Agent, the Managing Owner nor the Fund, whether acting directly or through agents (including
the Transfer Agent), shall be liable for any error of judgment made in good faith unless the party exercising such shall have been
grossly negligent in ascertaining the pertinent facts necessary to make such judgment. In no event shall the Distributor, the Transfer
Agent, the Managing Owner, or the Fund, whether acting directly or through agents (including the Transfer Agent), be liable for
special, indirect or consequential losses or damages of any kind whatsoever (including but not limited to lost profit), even if
such parties have been advised of the likelihood of such loss or damage and regardless of the form of action. In no event shall
the Distributor, the Transfer Agent, the Managing Owner, or the Fund, whether acting directly or through agents (including the
Transfer Agent), be liable for the acts or omissions of DTC or any other securities depository or clearing corporation.

 

(c)         Neither
the Distributor, the Transfer Agent, the Managing Owner nor the Fund, whether acting directly or through agents (including the
Transfer Agent), shall be responsible or liable for any failure or delay in the performance of their 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; terrorism; sabotage; epidemics; riots;

 

    9

     

    

 

interruptions;
loss or malfunction of utilities, computer (hardware or software) or communications service; accidents; labor disputes; acts of
civil or military authority or governmental actions.

 

(d)         The
Distributor, the Transfer Agent, the Managing Owner, the Fund and the Transfer Agent may conclusively rely upon, and shall be fully
protected in acting or refraining from acting upon, any communication authorized hereby and upon any written or oral instruction,
notice, request, direction or consent reasonably believed by them to be genuine.

 

(e)         This
Agreement has been entered into by the Fund and was executed and delivered by an officer of its Managing Owner, on behalf of the
Fund, which officer was acting solely in his capacity as an officer of the Managing Owner and not in his individual capacity and
which Managing Owner was acting solely in its capacity as sponsor/managing owner of the Fund and not in its individual capacity.
The obligations of this Agreement are not binding on such officer, the Managing Owner or any Shareholder individually. The obligations
of this Agreement are binding only upon the assets and property of the Fund.

 

(f)          The
Authorized Participant shall be responsible for the payment of any transfer tax, sales or use tax, stamp tax, recording tax, value
added tax and any other similar tax or government charge applicable to the creation or redemption of any Basket made pursuant to
this Agreement, regardless of whether or not such tax or charge is imposed directly on the Authorized Participant. To the extent
the Managing Owner or the Fund is required by law to pay any such tax or charge, the Authorized Participant agrees to promptly
indemnify such party for any such payment, together with any applicable penalties, additions to tax or interest thereon, upon reasonable
notice thereof.

 

Section 11.         Acknowledgment.
The Authorized Participant acknowledges receipt of a (i) copy of the Trust Agreement and (ii) the current Prospectus of the Fund,
and represents that it has reviewed and understands such documents.

 

Section 12.         Effectiveness
and Termination. Upon the execution of this Agreement by the Parties, this Agreement shall become effective in this form as
of the date first set forth above, and may be terminated at any time by any Party upon five (5) days prior written notice to the
other Parties unless earlier terminated: (i) in accordance with Section 1(a)(i); (ii) upon written notice to the Authorized
Participant by the Managing Owner in the event of a material breach by the Authorized Participant of this Agreement or the procedures
described or incorporated herein; (iii) immediately in the circumstances described in Section 23; or (iv) at such time as
the Fund is terminated pursuant to the Trust Agreement.

 

Section 13.         Ambiguous
Instructions. If an Order Form contains order terms that differ from the information provided in the telephone call
at the time of issuance of the applicable order number, the Managing Owner or its designee will attempt to contact one of the Authorized
Persons of the Authorized Participant to request confirmation of the terms of the Order. If an Authorized Person confirms the terms
as they appear in the Order Form, then the Order will be accepted and processed. If an Authorized Person contradicts the terms
of the Order Form, the Order will be deemed invalid, and a corrected Order Form must be received by the Managing Owner or its designee
in the time period designated. If the Managing Owner or its designee is not able to contact an Authorized Person, then the Order
shall be accepted and processed in accordance with the terms of the Order Form notwithstanding any inconsistency from the terms
of the telephone information. In the event that an Order Form contains terms that are not complete or are illegible, the Order
will be deemed invalid and the Managing Owner will attempt to contact one of the Authorized Persons of the Authorized Participant
to request retransmission of the Order Form.

 

Section 14.         Amendment.
This Agreement, the Procedures and the attachments hereto may be amended, modified or supplemented by the Fund, the Managing
Owner and the Distributor, without consent of the Authorized Participant, from time to time by the following procedure. After the
amendment,

 

    10

     

    

 

modification or supplement has been agreed to, the Distributor will mail a copy of the proposed amendment, modification
or supplement to the Authorized Participant in accordance with the terms hereof. For the purposes of this Agreement, mail will
be deemed received by the recipient thereof on the third (3rd) day following the deposit of such mail into the United
States postal system. If the Authorized Participant does not object in writing to the amendment, modification, or supplement within
fifteen (15) calendar days after its deemed receipt, the amendment, modification or supplement will become part of this Agreement
in accordance with its terms.

 

Section 15.         Waiver
of Compliance. Any failure of any of the Parties to comply with any obligation, covenant, agreement or condition herein
may be waived by the Party entitled to the benefits thereof only by a written instrument signed by the Party granting such waiver,
but any such written waiver, or the failure to insist upon strict compliance with any obligation, covenant, agreement or condition
herein, shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure.

 

Section 16.         Notices.
Except as otherwise specifically provided in this Agreement, all notices required or permitted to be given pursuant to this Agreement
shall be given in writing and delivered by personal delivery, by postage prepaid registered or certified United States first class
mail, return receipt requested, by nationally recognized overnight courier (delivery confirmation received) or by telex, telegram
or telephonic facsimile or similar means of same day delivery (transmission confirmation received), with a confirming copy regular
mail, postage prepaid. For avoidance of doubt, notices may not be given or transmitted by electronic mail. Unless otherwise notified
in writing, all notices to the Fund shall be sent to the Managing Owner. All notices shall be directed to the address or facsimile
numbers indicated below the signature line of the Parties on the signature page hereof, unless otherwise notified in writing.

 

Section 17.         Successors
and Assigns. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties
and their respective successors and permitted assigns.

 

Section 18.         Governing
Law; Consent to Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of
New York (regardless of the laws that might otherwise govern under applicable New York conflict of laws principles) as to all matters,
including matters of validity, construction, effect, performance and remedies. Each Party irrevocably consents to the jurisdiction
of the courts of the State of New York and of any federal court located in the Borough of Manhattan in such State in connection
with any action, suit or other proceeding arising out of or relating to this Agreement or any action taken or omitted hereunder,
and waives any claim of forum non conveniens and any objections as to laying of venue. Each Party further waives personal
service of any summons, complaint or other process and agrees that service thereof may be made by certified or registered mail
directed to such Party at such Party’s address for purposes of notices hereunder. Each Party hereby irrevocably waives any
and all rights to trial by jury in any legal proceeding arising under or in connection with this Agreement.

 

Section 19.         Assignment.
Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any Party without the
prior written consent of the other Parties, which shall not be unreasonably withheld, except that any entity into which a Party
may be merged or converted or with which it may be consolidated or any entity resulting from any merger, conversion, or consolidation
to which such Party hereunder shall be a party, or any entity succeeding to all or substantially all of the business of the Party,
shall be the successor of the Party under this Agreement. The party resulting from any such merger, conversion, consolidation or
succession shall notify the other Parties of the change. Any purported assignment in violation of the provisions hereof shall be
null and void. Notwithstanding the foregoing, this Agreement shall be automatically assigned to any successor trustee or sponsor
of the Fund at such time such successor qualifies as a successor trustee or sponsor under the terms of the Trust Agreement.

 

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Section 20.         Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement
and all of which, when taken together, will be deemed to constitute one and the same agreement.

 

Section 21.         Interpretation.
The article and section headings contained in this Agreement are solely for the purpose of reference, are not part of the agreement
of the Parties and shall not in any way affect the meaning or interpretation of this Agreement.

 

Section 22.          Entire
Agreement. This Agreement and the Trust Agreement, along with any other agreement or instrument delivered pursuant to
this Agreement or the Trust Agreement, supersede all prior agreements and understandings between the Parties with respect to the
subject matter hereof; provided, however, that the Authorized Participant shall not be deemed by this provision to be a
party to the Trust Agreement.

 

Section 23.         Severance.
If any provision of this Agreement is held by any court or any act, regulation, rule or decision of any other governmental or supra
national body or authority or regulatory or self-regulatory organization to be invalid, illegal or unenforceable for any reason,
it shall be invalid, illegal or unenforceable only to the extent so held and shall not affect the validity, legality or enforceability
of the other provisions of this Agreement so long as this Agreement as so modified continues to express, without material change,
the original intentions of the Parties as to the subject matter of this Agreement and the deletion of such portion of this Agreement
will not substantially impair the respective benefits, obligations, or expectations of the Parties. If this Agreement as so modified
substantially impairs the respective benefits, obligations, or expectations of the Parties, it shall be subject to immediate termination
upon written notice by the terminating Party delivered in accordance with terms hereof.

 

Section 24.          No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the Parties to express
their mutual intent, and no rule of strict construction will be applied against any Party.

 

Section 25.          Survival.
Section 9 (Indemnification) shall survive the termination of this Agreement.

 

Section 26.        Other
Usages. The following usages shall apply in interpreting this Agreement: (i) references to a governmental or quasigovernmental
agency, authority or instrumentality shall also refer to a regulatory body that succeeds to the functions of such agency, authority
or instrumentality; and (ii) “including” means “including, but not limited to.”

 

    12

     

    

 

IN WITNESS WHEREOF,
the Parties have caused this Agreement to be executed and delivered as of __________, 20__.

 

	THE
    FUND:	 	THE
    SPONSOR:
	 	 	 
	WisdomTree
    Continuous Commodity Index Fund	 	WisdomTree
    Commodity Services, LLC
	 	 	 	 
	By: 	WisdomTree Commodity
    Services, LLC, its Managing Owner	 	By:	 
	 	 	 	Name:	 
	By:	 	 	Title:	 
	Name:		 	Address:	245 Park Avenue, 35th Floor
	Title:	 	 	 	New York, NY 10167
	Address:	245 Park Avenue, 35th Floor	 	 	 
	 	New York, NY 10167	 	 	 

 

	DISTRIBUTOR:	 	THE AUTHORIZED PARTICIPANT:
	 	 	 
	Foreside Fund Services, LLC	 	 	 
	 	 	 	 	 
	By:	 	 	By:	 	 
	Name:	 	 	Name:
	Title:	 	 	Title:
	Address:	 	 	Address:
	 	 	 	 
	Telephone:	 	 	Telephone:
	Facsimile:	 	 	Facsimile:

 

	ACCEPTED BY THE TRANSFER AGENT:	 	 
	 	 	 
	State Street Bank and Trust Company	 	 
	 	 	 	 
	By:	 	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 
	 	 	 
	Telephone:	 	 
	Facsimile:	 	 

  

	WisdomTree Continuous Commodity Index Fund	Execution Page
	Form of Authorized Participant Agreement	 

 

     

     

    

 

Attachment A

 

Defined terms used herein
that are not defined herein shall have the meaning as set forth in the Authorized Participant Agreement (the “AP Agreement”)

 

This document supplements
the Prospectus with respect to the procedures to be used by (i) the Transfer Agent and Distributor in processing orders for the
purchase of Creation Baskets of a Fund (“Creation Orders”) and (ii) the Transfer Agent in processing orders redeeming
Redemption Baskets of a Fund (“Redemption Orders,” and together with Creation Orders, “Orders”). The Authorized
Participant (sometimes referred to herein as the “Participant”) acknowledges and agrees that the Prospectus for the
Fund may contain, among other matters, procedures relating to the creation and redemption of Shares and in the event of a conflict,
the Prospectus shall control.

 

The Participant is required
to have signed the Authorized Participant Agreement (sometimes referred to herein as the “Participant Agreement”).
Upon acceptance by the Trust of the Participant Agreement, the Transfer Agent or Distributor, as the case may be, will assign a
personal identification number (“PIN”) to each Authorized Person authorized to act for the Participant. This will allow
a Participant through its Authorized Person(s) to place an order with respect to Baskets.

 

TO PLACE AN ORDER FOR PURCHASE OR REDEMPTION
OF BASKETS

 

1.             Orders
by Telephone.

 

a. Order Number. Call to Receive
an Order Number. An Authorized Person for the Participant will call the telephone representative at the number listed on the applicable
Fund’s order form (“Order Form”) not later than the cut-off time for placing Orders with the applicable Fund
as set forth in the Order Form (the “Order Cut-Off Time”) to receive an Order Number. Non-standard Orders generally
must be arranged with the Managing Owner in advance of Order placement. The Order Form (as may be revised from time to time) is
incorporated into and made a part of this Agreement.

 

Upon verifying the authenticity of
the caller (as determined by the use of the appropriate PIN) and the terms of the Order, the telephone representative will issue
a unique Order Number. All Orders with respect to the purchase or redemption of Baskets are required to be in writing and accompanied
by the designated Order Number. Incoming telephone calls are queued and will be handled in the sequence received. Calls placed
before the Order Cut-Off Time will be processed even if the call is taken after this cut-off time. ACCORDINGLY, DO NOT HANG UP
AND REDIAL. INCOMING CALLS THAT ARE ATTEMPTED LATER THAN THE Order Cut-Off Time
WILL NOT BE ACCEPTED.

 

NOTE THAT THE TELEPHONE CALL IN WHICH
THE ORDER NUMBER IS ISSUED INITIATES THE ORDER PROCESS BUT DOES NOT ALONE CONSTITUTE THE ORDER. AN ORDER IS ONLY COMPLETED AND
PROCESSED UPON RECEIPT OF WRITTEN INSTRUCTIONS VIA THE ORDER FORM CONTAINING THE DESIGNATED ORDER NUMBER, AUTHORIZED INDIVIDUALS’
SIGNATURES AND TRANSMITTED BY FACSIMILE.

 

			b. Place the Order. An Order Number is only valid for a limited time. The Order Form

 

    A-1

     

    

 

for purchase or redemption of Baskets
must be sent by facsimile to the telephone representative within 20 minutes of the issuance of the Order Number. In the event that
the Order Form is not received within such time period, the telephone representative will attempt to contact the Participant to
request immediate transmission of the Order. Unless the Order Form is received by the telephone representative upon the earlier
of (i) within 15 minutes of contact with the Participant or (ii) 45 minutes after the Order Cut-Off Time, the Order will be deemed
invalid.

 

c. Await Receipt of Confirmation.

 

		(i)	Clearing Process. The Transfer Agent shall issue
a confirmation of Order acceptance within approximately 15 minutes of its receipt of an Order Form received in good form. In the
event the Participant does not receive a timely confirmation from the Transfer Agent, it should contact the telephone representative
at the business number indicated.

 

		(ii)	Outside the Clearing Process. In lieu of receiving
a confirmation of Order acceptance, the DTC Participant will receive an acknowledgment of Order acceptance. The DTC Participant
shall deliver on settlement date the Deposit Securities and/or cash (in the case of purchases) or the Creation Unit size aggregation
of Shares on trade date plus one (in the case of redemptions) to the Fund through DTC. The Fund shall settle the transaction on
the prescribed settlement date.

 

			d. Ambiguous Instructions. In the event that an Order Form contains terms that differ from the
information provided in the telephone call at the time of issuance of the Order Number, the telephone representative will attempt
to contact the Participant to request confirmation of the terms of the Order. If an Authorized Person confirms the terms as they
appear in the Order Form then the Order will be accepted and processed. If an Authorized Person contradicts its terms, the Order
will be deemed invalid and a corrected Order Form must be received by the telephone representative not later than the earlier of
(i) within 15 minutes of such contact with the Participant or (ii) 45 minutes after the Order Cut-Off Time.

 

			In the event that an Order Form contains terms that are illegible, as determined in the sole discretion
of the Transfer Agent, the Order will be deemed invalid and will not be processed. A telephone representative will attempt to contact
the Participant to request retransmission of the Order Form, and a corrected Order Form must be received by the telephone representative
not later than the earlier of (i) within 15 minutes of such contact with the Participant or (ii) 45 minutes after the Order Cut-Off
Time. If the telephone representative is not able to contact an Authorized Person, the Order will be deemed invalid.

 

2.             Election
to Place Orders by Internet.

 

a. General. Notwithstanding the foregoing
provisions, Orders may be submitted through the Internet (“Web Order Site” or “Fund Connect”), to the extent
such Web Order Site is made available, but must be done so in accordance with the terms of this Agreement, the Prospectus, the
Web Order Site, the State Street Fund Connect Buy-Side User Agreement (which must be separately entered into by the Participant)
(the “Fund Connect Agreement”) and the applicable Fund Connect User Guide (or any successor documents).

 

    A-2

     

    

 

To the extent that any provision
of this Agreement is inconsistent with any provision of any Fund Connect Agreement, the Fund Connect Agreement shall control with
respect to State Street’s provision of the Web Order Site; provided, however, it is not the intention of the parties to otherwise
modify the rights, duties and obligations of the parties under the Agreement, which shall remain in full force and effect until
otherwise expressly modified or terminated in accordance with its terms. Notwithstanding the forgoing, the Participant acknowledges
that references to the applicable Fund Connect User Guide (or any successor documents) contained herein are for instructional purposes
only, and such Fund Connect User Guide (or any successor documents) does not contain any additional representations, warranties
or obligations by the Fund, the Managing Owner, the Transfer Agent, the Distributor or their respective agents.

 

b. Certain Acknowledgements. The
Participant acknowledges and agrees (i) that the Fund, the Managing Owner, the Transfer Agent, the Distributor and their respective
agents may elect to review any Order placed through the Web Order Site manually before it is executed and that such manual review
may result in a delay in execution of such Order; (ii) that during periods of heavy market activity or other times, it may be difficult
to place Orders via the Web Order Site and the Participant may place Orders as otherwise set forth in Attachment A; and (iii) that
any access, transaction information, content, or data downloaded or otherwise obtained through the use of the Web Order Site may
be recorded and are done at the Participant’s own discretion and risk

 

EXCEPT AS OTHERWISE SPECIFICALLY
PROVIDED IN THE FUND CONNECT AGREEMENT AND TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTICIPANT ACKNOWLEDGES AND AGREES THAT
THE WEB ORDER SITE IS PROVIDED “AS IS,” “AS AVAILABLE” WITH ALL FAULTS AND WITHOUT ANY WARRANTY OF ANY
KIND. SPECIFICALLY, WITHOUT LIMITING THE FOREGOING, ALL WARRANTIES, CONDITIONS, OTHER CONTRACTUAL TERMS, REPRESENTATIONS, INDEMNITIES
AND GUARANTEES WITH RESPECT TO THE WEB ORDER SITE, WHETHER EXPRESS, IMPLIED OR STATUTORY, ARISING BY LAW, CUSTOM, PRIOR ORAL OR
WRITTEN STATEMENTS BY THE FUND, THE SPONSOR, THE TRANSFER AGENT, THE DISTRIBUTOR OR THEIR RESPECTIVE AGENTS, AFFILIATES, LICENSORS
OR OTHERWISE (INCLUDING, BUT NOT LIMITED TO AS TO TITLE, SATISFACTORY QUALITY, ACCURACY, COMPLETENESS, UNINTERRUPTED USE, NON-INFRINGEMENT,
TIMELINESS, TRUTHFULNESS, SEQUENCE, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR PARTICULAR PURPOSE AND ANY IMPLIED WARRANTIES,
CONDITIONS AND OTHER CONTRACTUAL TERMS ARISING FROM TRADE USAGE, COURSE OF DEALING OR COURSE OF PERFORMANCE) ARE HEREBY OVERRIDDEN,
EXCLUDED AND DISCLAIMED.

 

c. Election to Terminate Placing
Orders by Internet. The Participant may elect at any time to discontinue placing Orders through the Web Order Site without
providing notice under the Agreement.

 

	3.	Acknowledgment Regarding Telephone and Internet Transactions. During periods
of heavy market activity or other times, the Participant acknowledges it may be difficult to reach the Transfer Agent by telephone
or to transact business over the Internet via the Web Order Site. Technological irregularities may also make the use of the Internet
and Web Order Site slow or unavailable at times. The Transfer Agent may terminate the receipt of redemption or exchange Orders
by telephone or the Internet at any time, in which case you may redeem or exchange Shares by other means.

 

    A-3

     

    

 

Attachment B

 

WISDOMTREE
CONTINUOUS COMMODITY INDEX FUND 

AUTHORIZED
PERSONS

 

The following individuals
are Authorized Persons pursuant to the Authorized Participant Agreement with respect to the WisdomTree Continuous Commodity Index
Fund as entered into by the Participant named below:

 

	 	 	,	 	 
	 	Participant Name	 	NSCC #	 

 

	NAME	 	TITLE	 	SIGNATURE	 	TELEPHONE

    NUMBER	 	E-MAIL

    ADDRESS	 	CITY OF

    BIRTH
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

 

Signed on behalf of the Authorized Participant:

 

	 	By:	 	 
	 	 	 	 
	 	Name: 	 	 
	 	 	 	 
	 	Title: 	 	 
	 	 	 	 
	 	Date: 	 	 

 

    B-1

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