Document:

Exhibit 10.6

 

FORM OF AUTHORIZED PARTICIPANT AGREEMENT

FOR 

WISDOMTREE COAL FUND

 

This Authorized Participant
Agreement (this “Agreement”) is entered into by and among WisdomTree Coal Fund (“Fund”),
WisdomTree Coal Services, LLC, the Fund’s sponsor (the “Sponsor”), Foreside Fund Services, LLC (the “Distributor”)
and ____________________________________ (the “Authorized Participant” and together with the Fund, the
Sponsor 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 Sponsor for an Authorized Participant
in aggregations of Shares as set forth in the Prospectus (e.g., 25,000 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

 

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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 Sponsor 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
Sponsor, 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 Sponsor determines to be necessary for the protection
of the Fund’s Shareholders;

 

(ii)         the
Sponsor, or its designee, shall have the absolute right, but shall have no obligation, to reject any Purchase Order (A) determined
by the Sponsor, or its designee, not to be submitted in compliance with the Procedures; (B) that the Sponsor, 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 Sponsor, or its designee, make it, for all practical purposes, not feasible to process Creation Baskets; or (D) the Sponsor,
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
Sponsor, 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 Sponsor determines to be necessary for the protection
of the Fund’s Shareholders; and

 

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(iv)        the
Sponsor, 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 Sponsor, 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 Sponsor as information supplemental to such Prospectus or (C) any promotional materials or sales literature
furnished to the Authorized Participant by the Sponsor, 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 Sponsor, or its designee, to the Authorized Participant in reasonable quantities upon request. The Sponsor
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 Sponsor will make such revised,
supplemented, or amended Prospectus available to the Authorized Participant no later than its effective date.

 

(b)          The
Sponsor 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 Sponsor 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.

 

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(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 Sponsor 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 Sponsor 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 Sponsor, or the Sponsor’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 Sponsor 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 Sponsor 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 Sponsor,
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 Sponsor,
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 Sponsor 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 Sponsor, 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 right or authority to tender for redemption the Baskets to be redeemed and to
receive the entire proceeds of

 

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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 Sponsor, 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 Sponsor, 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
Sponsor, 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 Sponsor, 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 Sponsor 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 employees or its agents or other representatives about the Shares,
any AP Indemnified Party or the Fund that is not

 

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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 Sponsor, the Fund or the Distributor or is based upon any omission or alleged omission by the Sponsor, 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
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

 

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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
Sponsor 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 “Sponsor 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 Sponsor Indemnified Party as a result
of (i) any breach by the Sponsor of any provision of this Agreement that relates to the Sponsor; (ii) any failure on the part of
the Sponsor to perform any of its obligations set forth in this Agreement; (iii) any failure by the Sponsor 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 Sponsor or its designee;
(v) actions of such Sponsor Indemnified Party in reliance upon any instructions issued or representations made by the Sponsor 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 Sponsor 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 Sponsor shall not be liable
under its indemnity agreement contained in this subsection with respect to any claim made against any Sponsor Indemnified Party
unless the Sponsor Indemnified Party shall have notified the Sponsor 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 Sponsor
Indemnified Party (or after the Sponsor Indemnified Party shall have received notice of service on any designated agent). However,
failure to notify the Sponsor of any claim shall not relieve the Sponsor from any liability that it may have to any Sponsor 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 Sponsor 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 Sponsor elects to assume the defense, the defense shall be conducted
by counsel chosen by it and satisfactory to the Sponsor Indemnified Party in the suit and who shall not, except with the consent
of the Sponsor Indemnified Party, be counsel to the Sponsor. If the Sponsor does not elect to assume the defense of any suit, it
will reimburse the Sponsor 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

 

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on the part of an AP Indemnified Party, a Distributor
Indemnified Party or a Sponsor 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 Sponsor 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 Sponsor 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 Sponsor Indemnified Party, as the case may be.

 

Section 10.         Liability.

 

(a)          The
Distributor, the Transfer Agent, the Sponsor 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 Sponsor,
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
Sponsor 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 Sponsor 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
Sponsor, 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 Sponsor, 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 Sponsor 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; 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 Sponsor, 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.

 

    9 

     

    

 

(e)          This
Agreement has been entered into by the Fund and was executed and delivered by an officer of its Sponsor, on behalf of the Fund,
which officer was acting solely in his capacity as an officer of the Sponsor and not in his individual capacity and which Sponsor
was acting solely in its capacity as sponsor of the Fund and not in its individual capacity. The obligations of this Agreement
are not binding on such officer, the Sponsor 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 Sponsor 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 Sponsor 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 Sponsor 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 Sponsor or its designee
in the time period designated. If the Sponsor 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 Sponsor 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 Sponsor
and the Distributor, without consent of the Authorized Participant, from time to time by the following procedure. After the amendment,
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.

 

    10 

     

    

 

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 Sponsor. 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.

 

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.

 

    11 

     

    

 

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
    Coal Fund	 	WisdomTree
    Coal Services, LLC
	 	 	 	 
	By: 	WisdomTree Coal Services,
    LLC, its Sponsor	 	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 Coal 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 Sponsor 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 Sponsor, the Transfer Agent, the Distributor or their respective agents.

 

b. Certain Acknowledgements. The
Participant acknowledges and agrees (i) that the Fund, the Sponsor, 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
COAL FUND 

AUTHORIZED
PERSONS

 

The following individuals
are Authorized Persons pursuant to the Authorized Participant Agreement with respect to the WisdomTree Coal 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-1Exhibit 10.1

 

FORM OF COMMODITY SUBADVISORY AGREEMENT

 

THIS COMMODITY SUBADVISORY
AGREEMENT (this “Agreement”) is made as of this 4th day of January, 2016, effective as of the
1st day of January, 2016 (the “Effective Date”), by and among GreenHaven Coal Fund, a Delaware statutory
trust (to be renamed WisdomTree Coal Fund, the “Fund”), GreenHaven Coal Services, LLC, a Georgia limited liability
company (to be renamed WisdomTree Coal Services, LLC, “Manager”), and GreenHaven Advisors, LLC, a Delaware limited
liability company (“Commodity Subadvisor”).

 

WHEREAS, Manager
serves as the investment manager for the Fund, pursuant to that certain Second Amended and Restated Trust Agreement for the Fund
(as such agreement may be modified from time to time); and

 

WHEREAS, Manager
desires to retain Commodity Subadvisor to furnish certain sub-investment advisory services for the Fund upon the terms and conditions
hereafter set forth.

 

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

 

1.          Appointment.
Manager hereby appoints Commodity Subadvisor to provide sub-investment advisory services to the Fund in the management of the Fund’s
Commodity Interests and Collateral (as each term is defined in Section 2 below) for the period commencing on the Effective Date
and on the terms set forth in this Agreement. Commodity Subadvisor accepts such appointment and agrees to furnish the services
herein set forth for the compensation herein provided. All references to “person” hereon shall include an individual
or entity.

 

2.          Services
to be Performed. Subject always to the supervision of Manager, Commodity Subadvisor will furnish an investment program in respect
of, make investment decisions for, and place all orders for the purchase and sale of futures contracts, forward contracts, options
on futures contracts and other commodity interests (“Commodity Interests”) and securities issued by the United
States Department of the Treasury (“Collateral”), all on behalf of the Fund and as described in the Fund’s
registration statement on Form S-1 as declared effective by the United States Securities and Exchange Commission (the “Registration
Statement”), consistent with the investment objectives and restrictions of the Fund described therein. In the performance
of its activities and duties, Commodity Subadvisor will satisfy its fiduciary duties to the Fund, will select and monitor on at
least a daily basis the Fund’s investments in Commodity Interests and Collateral, and will comply with the provisions of
the Fund’s Declaration of Trust and Trust Agreement (the “Trust Agreement”) as filed with the Registration
Statement, as the Trust Agreement may be amended from time to time (to the extent Commodity Subadvisor has been provided with amendments),
and the Fund’s investment objectives, policies and restrictions as disclosed in the Registration Statement, as such investment
objectives, policies and restrictions may be amended from time to time (to the extent Commodity Subadvisor has been provided such
amendments). Commodity Subadvisor acknowledges receipt of the Fund’s organizational documents, prospectus and amendments
thereto as of the date hereof.

 

     

     

    

 

All commissions and expenses
arising from the trading of Commodity Interests, or other transactions in the course of the administration of the Fund’s
account, shall be charged to the Fund’s account with its clearing broker(s). Manager shall deliver to Commodity Subadvisor,
and renew when necessary, a commodity trading authorization appointing Commodity Subadvisor as the Fund’s agent and attorney-in-fact
for the purpose of trading Commodity Interests and Collateral on behalf of the Fund. Commodity Subadvisor may place orders for
Commodity Interest transactions and purchases and sales of Collateral for the Fund through broker/dealers and futures commission
merchants (“FCMs”) selected by Commodity Subadvisor; provided that Commodity Subadvisor will provide Manager
and the Fund on a quarterly basis (or more frequently as reasonably requested by Manager) with a list of the broker/dealers and
FCMs Commodity Subadvisor is then using (as of the date hereof, the initial list is set forth on Exhibit A hereto), and Manager
may, after receiving such list, object in its sole discretion to the use of one or more broker/dealers or FCMs due to, among other
reasons, a reasonable belief by Manager that the use of such broker/dealer(s) or FCM(s) would be detrimental to the Fund and its
investors, and Commodity Subadvisor shall cease using such broker/dealers or FCMs on behalf of the Fund. Commodity Subadvisor shall
use its commercially reasonable efforts to obtain a combination of best price and execution, taking into account all appropriate
factors, including price, commission, and the size and difficulty of the transaction. In no instance will a Commodity Interest
or Collateral be purchased from the Fund or sold by the Fund to Commodity Subadvisor or any affiliated person of the Fund or Commodity
Subadvisor, except with the written consent of the Manager.

 

Commodity Subadvisor further
agrees that it:

 

a)        Will exercise its
commercially reasonable judgment and will act in good faith and use reasonable care in performing the activities and duties hereunder;

 

b)        Will conduct its
activities and duties under this Agreement in accordance with, and consistent with, any applicable laws, regulations and governmental
or self-regulatory authority including, without limitation, all applicable rules and regulations of the United States Commodity
Futures Trading Commission (the “CFTC”), in all material respects;

 

c)        Will report regularly
to Manager and will make appropriate persons available for the purpose of reviewing with representatives of the Manager on a regular
basis the management of the Fund’s Commodity Interests and Collateral, including, without limitation, review of the general
investment strategies of the Fund with respect to Commodity Subadvisor’s management of the Fund’s Commodity Interests
and Collateral, and the performance of the Fund’s Commodity Interests and Collateral in relation to standard industry indices
and passively managed commodity index tracking funds and general conditions affecting the marketplace, and will provide various
other reports from time to time as reasonably requested by Manager;

 

d)        Will submit such
reports or information as the Manager may reasonably request to assist the Fund’s custodian, administrator, accounting agent,
transfer agent and/or independent public accountants (and all other agents, representatives and service providers to the Fund or
the Manager) in the performance of their activities or duties, cooperate with such persons, take action to make information in
the Commodity Subadvisor’s possession available to such persons for the performance of their activities or duties and requests
made in connection therewith, and

 

    2 

     

    

 

establish and maintain appropriate
operational structure and programs, procedures and interfaces with such persons so as to promote the efficient exchange of information
and compliance with applicable law and regulation, and the investment strategies, guidelines and other restrictions and policies
of the Fund;

 

e)        Will reasonably assist
in the preparation of periodic reports by the Fund to its limited owners and to meet other regulatory or tax requirements applicable
to the Fund;

 

f)         Will
reasonably cooperate with any third-party audit arranged by the Manager or the Fund to evaluate the effectiveness of compliance
controls;

 

g)        Will not, without
the prior written approval of Manager, materially deviate or change the Fund’s investment strategies, guidelines and other
restrictions and policies;

 

h)        Will monitor the
pricing of the Fund’s Commodity Interests and Collateral, and events relating to the commodity markets in which the Fund
trades or applicable securities markets, and will notify Manager promptly of any market events or other situations that come to
Commodity Subadvisor’s attention (particularly those that may occur after the close of a foreign market in which the Fund’s
Commodity Interests may primarily trade but before the time at which the Fund’s Commodity Interests are priced on a given
day) that may materially impact the pricing of one or more of the Fund’s Commodity Interests or Collateral. In addition,
Commodity Subadvisor will assist Manager in evaluating the impact that such an event may have on the net asset value of the Fund
and in determining a recommended fair value of the affected asset or assets;

 

i)         Other
than with respect to the preparation of books and records typically produced by others (such as by FCMs, custodians and broker/dealers),
will prepare such books and records with respect to the Fund’s Commodity Interests and Collateral as reasonably requested
by Manager and will furnish Manager such periodic and special reports and certifications as Manager may reasonably request;

 

j)         Will
promptly notify the Fund and the Manager of any material fact known to the Commodity Subadvisor respecting or relating to the Commodity
Subadvisor or the Fund that is not contained in the Registration Statement, or any amendment or supplement thereto, but that is
required to be disclosed therein, and of any statement contained therein that is or becomes untrue in any material respect; and

 

k)          Will
promptly notify the Manager and the Fund of any actual or expected change of control for the Commodity Subadvisor, and of any changes
to executive officers, members or key personnel of the Commodity Subadvisor including, without limitation, personnel who are portfolio
manager(s) with respect to the Fund.

 

l)         Will
obtain and maintain at its sole expense errors and omission insurance in a reasonable scope and amount. For as long as the net
value of the Fund’s assets calculated in the manner set forth in the Fund’s Prospectus (as defined below) (the “Assets
Under Management”), together with the net value of the assets of the WisdomTree Continous Commodity Index Master Fund
and the WisdomTree Continuous Commodity Index Fund (together, “GCC”) calculated in the manner set forth in GCC’s
prospectuses, are less than $500,000,000 in the aggregate, 

 

    3 

     

    

 

$1,000,000 shall be deemed a reasonable amount of errors and omissions
insurance coverage. If the Assets Under Management of the Fund and GCC exceed $500,000,000 in the aggregate, the Commodity Subadvisor
will increase its errors and omissions insurance coverage by an appropriate amount.

 

The Commodity Subadvisor
is authorized to and may employ, associate or contract with such person or persons as the Commodity Subadvisor may deem desirable
to assist it in performing its activities and duties under this Agreement (including portfolio managers), including Grain Service
Corporation, Inc. (“Grain Service”); provided, however, the compensation of such person or persons shall be
paid by the Commodity Subadvisor, and the Commodity Subadvisor shall be as fully responsible to the Fund and the Manager for the
acts and omissions of any such person or persons as it is for its own acts and omissions. As may be mutually agreed by the Fund,
Manager and the Commodity Subadvisor, but in any event at least annually, the Commodity Subadvisor shall discuss with the Fund
and Manager any assistance the Commodity Subadvisor has deemed desirable in performing its duties under this Agreement (including
person or persons involved therewith).

 

3.          Preparation
of Materials. Commodity Subadvisor will reasonably cooperate with Manager and the Fund in the Fund’s endeavors to prepare
and update, if necessary, the Registration Statement and a prospectus and disclosure document included therein (the “Prospectus”),
promotional brochures or other marketing materials as well as any other materials reasonably requested or required by Manager in
connection with the organization, operation, or marketing of the Fund or the registration or renewal of registration of the Shares
(as defined in the Prospectus) for sale to the public in all applicable jurisdictions (collectively, with the Registration Statement
and Prospectus, the “Materials”). In this regard, Commodity Subadvisor will furnish to Manager such information
as may be reasonably requested for inclusion in such Materials. Moreover, Commodity Subadvisor agrees to provide to Manager such
information as Manager reasonably requests in order for Manager to make all necessary disclosures regarding Commodity Subadvisor,
its principals, its trading performance, customer accounts and otherwise as are required in the reasonable judgment of Manager
to be made in such Materials.

 

4.          Representations
and Warranties of Manager. Manager hereby represents and warrants to Commodity Subadvisor that this Agreement has been duly
and validly executed and delivered by, and is a valid and binding contract of, Manager, enforceable in accordance with its terms
and conditions, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to
or affecting the rights of creditors generally and except as such enforceability of this Agreement is subject to the application
of general principles of equity (regardless of whether considered in a proceeding in equity or at law).

 

5.          Representations
and Warranties of Commodity Subadvisor. Commodity Subadvisor hereby represents and warrants to the Fund and Manager that:

 

a)         The information and
materials relating to Commodity Subadvisor, its businesses, principals, and past performance record that has been requested by
Manager, has been delivered to Manager and is current, accurate and complete in all material respects, and notwithstanding Commodity
Subadvisor’s relief from certain requirements in Part 4 of the CFTC’s regulations, the Commodity Subadvisor is in compliance
with all other applicable laws, rules and regulations.

 

    4 

     

    

 

Commodity Subadvisor will
provide Manager with updated or amended copies of any such materials when and if such materials are updated or amended;

 

b)         Commodity Subadvisor
is not registered as an investment adviser with the SEC in reliance on the exception from the definition of “investment adviser”
in Section 203(a)(11)(E) of the Investment Advisers Act of 1940;

 

c)         To the extent reasonably
available to it and applicable, Commodity Subadvisor has supplied or upon request will supply, and has made available or upon request
will make available, for review by Manager or its agents substantially all documents, statements, agreements, confirmations and
work papers relating to all accounts managed by Commodity Subadvisor for the period covered in any Materials, including for the
Fund;

 

d)         Commodity Subadvisor
has met, and will continue to meet for so long as this Agreement remains in effect, any applicable federal or state requirements,
or the applicable requirements of any regulatory agency or industry self-regulatory organization, necessary to be met in order
to perform services for the Fund pursuant to this Agreement;

 

e)         Commodity Subadvisor
is a commodity trading advisor duly registered with the CFTC and is a member in good standing of the National Futures Association
(“NFA”). Commodity Subadvisor shall maintain such registration and membership in good standing during the term
of this Agreement. Further, Commodity Subadvisor agrees to notify Manager promptly upon (i) a statutory disqualification of
Commodity Subadvisor under Sections 8a(2) or 8a(3) of the Commodity Exchange Act (“CEA”), (ii) a suspension,
revocation or limitation of Commodity Subadvisor’s commodity trading advisor registration or NFA membership, or (iii) the
institution of an action or proceeding that could lead to a statutory disqualification under the CEA or an investigation by any
governmental agency or self-regulatory organization of which Commodity Subadvisor is subject or has been advised it is a target
(which investigation shall not include routine compliance examinations);

 

f)         There
are no material actions that are required to be disclosed pursuant to CFTC Rule 4.34(k);

 

g)         Commodity Subadvisor
is a Delaware limited liability company with full power and authority to enter into this Agreement;

 

h)         Commodity Subadvisor
maintains errors and omissions insurance coverage in an appropriate scope and amount and shall upon request of Manager, provide
Manager a certificate of insurance evidencing same;

 

i)         This
Agreement has been duly and validly authorized, executed and delivered by, and is a valid and binding contract of, Commodity Subadvisor
enforceable in accordance with its terms and conditions, except as may be limited by bankruptcy, insolvency, reorganization, moratorium
or other similar laws relating to or affecting the rights of creditors generally and except as such enforceability of this Agreement
is subject to the application of general principles of equity (regardless of whether considered in a proceeding in equity or at
law); and

 

    5 

     

    

 

j)         The
representations and warranties made in this Agreement by Commodity Subadvisor shall be continuing during the term of this Agreement,
and if at any time any event has occurred which would make or tend to make any of the representations and warranties in this Agreement
materially untrue, Commodity Subadvisor will promptly notify Manager.

 

6.          Compensation.
For the services provided and the expenses assumed pursuant to this Agreement, Commodity Subadvisor agrees to accept as full compensation
the fee specified in Exhibit B hereto.

 

7.          Expenses.
Commodity Subadvisor will be responsible for and pay all expenses incurred by it in connection with its activities and duties under
this Agreement, including, without limitation, providing the personnel, office space and equipment, including any investment related
software or technology resources, reasonably necessary therewith; provided, however, the Commodity Subadvisor will not be responsible
for the cost of investments (including brokerage commissions and other related expenses) purchased or sold for the Fund. The Fund
pays all other costs and expenses of its operations, including custody fees, transfer agent expenses, legal fees, expenses of independent
auditors, expenses of preparing, printing and distributing shareholder reports, notices, reports to governmental agencies or self-regulatory
organizations and taxes, if any.

 

8.          Independence
of Commodity Subadvisor. Commodity Subadvisor shall for all purposes herein be deemed to be an independent contractor and shall,
unless otherwise expressly provided or authorized herein, have no authority to act for or represent Manager or the Fund in any
way or otherwise be deemed an agent of Manager or the Fund. Commodity Subadvisor shall not offer or sell or solicit any offers
to purchase the Shares. However, when requested by Manager at such reasonable times and upon adequate notice as mutually agreed
to, Commodity Subadvisor will assist in the general explanation and presentation of Commodity Subadvisor’s trading strategies
and methods. Nothing herein contained shall be deemed to require the Fund to take any action contrary to the Trust Agreement, or
any applicable statute, regulation or exchange rule or interpretation of the staff of an applicable governmental agency.

 

9.          Records
of the Fund. Commodity Subadvisor will instruct the Fund’s broker/dealer(s) and FCMs to furnish copies, and/or will otherwise
furnish copies to Manager as requested by Manager, of all trade confirmations and trading reports. Commodity Subadvisor will maintain
a record of all trading orders for the Fund’s account that have been filled and will monitor at least daily the Fund’s
open positions. Upon the request of Manager, Commodity Subadvisor shall permit Manager or its agents and representatives to inspect
such information as Manager may request for the purpose of confirming that the Fund has been treated equitably with respect to
trading conducted during the term of this Agreement with all client accounts of Commodity Subadvisor or its affiliates. The books
and records pertaining to the Commodity Subadvisor’s activities and duties hereunder shall be the property of the Fund (although
the foregoing will not prohibit the Commodity Subadvisor from maintaining copies of all such records). The Manager or its representatives
shall have access to such books and records at all times during the Commodity Subadvisor’s normal business hours. Upon the
reasonable request of the Manager, copies of any such books and records shall be provided promptly by the Commodity Subadvisor
to the Manager or its representatives.

 

    6 

     

    

 

10.       Compliance.
The Commodity Subadvisor shall:

 

a)         Promptly notify the
Manager upon determination of any error (or discovery of any error by a third party, such as the Fund’s accountant) in connection
with its activities and duties hereunder, including but not limited to any trade errors. With respect to any Commodity Subadvisor
error, the Commodity Subadvisor shall provide a memorandum to the Manager that sufficiently describes any such error and the action
to be taken to prevent future occurrences of such error;

 

b)         Promptly notify the
Manager if it becomes aware of any material breach of any of the Fund’s investment strategies, guidelines or other restrictions
and policies or of any violation of applicable law or regulation. The Commodity Subadvisor shall also promptly notify the Manager
upon detection of any material violations on the Commodity Subadvisor’s own compliance policies and procedures that relate
to its activities or duties hereunder;

 

c)         Provide access to
the Manager and its agents and representatives to its policies and procedures pertaining to its activities and duties hereunder
and shall notify the Manager, via quarterly certification or otherwise at the request of the Manager, of: (1) any material changes
to its policies and procedures; (2) any new policies and procedures as they pertain to activities or duties performed hereunder;
and (3) the retirement of any policies and procedures as they pertain to activities or duties performed hereunder; and

 

d)         Promptly provide
notice to the Manager regarding any inspections, notices or inquiries from any governmental, administrative or self-regulatory
agency, including without limitation, any deficiency letter, responses to deficiency letters or similar communications or actions
(1) relating to the Commodity Subadvisor’s activities or duties that relate to the Fund or (2) that involve matters that
could reasonably be viewed as material to the Commodity Subadvisor’s ability to provide services to the Fund. To the extent
that such inspections, notices, or inquiries relate to the Fund, the Commodity Subadvisor shall promptly make available such documents
to the Manager.

 

11.         Notice
of Threatened, Pending or Completed Actions, Suits or Proceedings.

 

a)         Commodity Subadvisor
will give prompt notice to Manager of: (i) any threatened, pending or completed action, suit or proceeding (including, without
limitation, any reparations or administrative proceeding threatened or instituted under the CEA to which Commodity Subadvisor was
or is a party or is threatened to be a party; and (ii) any judgments or amounts paid by Commodity Subadvisor in settlement
in connection with any such threatened, pending or completed action, suit or proceeding.

 

b)         Written notices required
to be given pursuant to this Section 11 shall contain all pertinent information concerning the threatened, pending or completed
action, suit or proceeding and, in the case of any pending or completed action suit or proceeding, shall include a copy of the
complaint, petition or similar documents asserting a claim.

 

    7 

     

    

 

12.       Indemnity.

 

a)         Commodity Subadvisor
and each of the Additional Indemnitors listed on Exhibit C hereto (each, an “Additional Indemnitor”, and collectively
with Commodity Subadvisor, the “Joint and Several Indemnitors,”) jointly and severally agree to indemnify, defend
and hold harmless the Fund and Manager and their affiliates, including their subsidiaries, directors, officers, members, managers,
trustees, employees, agents, representatives, partners and shareholders (each, an “Indemnitee”) against any
loss, liability, damage, cost, expenses (including reasonable attorneys’ fees and accountants’ fees), judgments and
amounts paid in settlement (“Losses”) by reason of: (i) any act or omission of Commodity Subadvisor relating
to the Fund (including costs and expenses of investigating and defending any claims, demand or suit and attorneys’ and accountants’
fees), including, without limitation, any willful misfeasance, bad faith or negligence on the Commodity Subadvisor’s part
in the performance of its activities and duties or by reason of the Commodity Subadvisor’s reckless disregard of its activities
and duties under this Agreement or otherwise for breach of this Agreement; or (ii) any claim, dispute or litigation arising between
Commodity Subadvisor or its affiliates and any party other than the Fund or Manager, which claim, dispute or litigation is unrelated
to the Fund’s business, and if the Fund or Manager are made a party to such claim, dispute or litigation by such other party.
In the event that the Joint and Several Indemnitors collectively fail to promptly pay for (or otherwise reimburse) any Losses,
Manager shall be entitled to deduct an amount necessary to pay (or otherwise reimburse) for such Losses from any Fees due or payable
to Commodity Subadvisor.

 

b)         Promptly after receipt
by an Indemnitee of notice of the commencement of an action as set forth in sub-section a) above, such Indemnitee shall notify
Commodity Subadvisor each of the Additional Indemnitors of the commencement thereof (such notice to Commodity Subadvisor pursuant
to Section 14 hereof shall constitute notice to each Additional Indemnitor for purposes of this Section 12); but the omission so
to notify (or the delay in notifying) the Commodity Subadvisor will not relieve the Joint and Several Indemnitors from any liability
that they may have to any Indemnitee, except to the extent that the Joint and Several Indemnitors, jointly and severally, suffer
material damage in their ability to respond to such action as a result of the omission. In case any such action is brought against
any Indemnitee, and it notified Commodity Subadvisor (and thereby each Additional Indemnitor) of the commencement thereof, the
Joint and Several Indemnitors will be entitled to participate therein and, to the extent that they may wish, assume the defense
thereof, with counsel reasonably satisfactory to such Indemnitee.

 

c)         The foregoing provisions
for indemnification shall survive the termination of this Agreement.

 

d)         Notwithstanding anything
in this Agreement to the contrary, all securities laws impose liabilities under certain circumstances on persons who act in good
faith, and, therefore, nothing in this Agreement shall constitute a waiver or limitation of liability under such laws to the extent
(but only to the extent) such liability may not be waived, modified or limited.

 

13.        Term;
Termination; Amendment.

 

a)         The term of this
Agreement shall commence on the Effective Date and shall continue until December 31, 2020, unless this Agreement is terminated
earlier as provided

 

    8 

     

    

 

herein. This Agreement shall
automatically renew for one-year periods thereafter, unless either party gives at least one hundred twenty (120) days’ notice
of termination prior to the end of the then current term, or unless terminated earlier as provided herein.

 

b)         Notwithstanding the
foregoing, this Agreement may be terminated in its entirety by Manager immediately upon written notice to Commodity Subadvisor
if:

 

(1)         any
litigation or proceeding is commenced against Commodity Subadvisor, Grain Service, or any affiliate of Commodity Subadvisor that
Manager reasonably believes would have a material adverse effect on Commodity Subadvisor’s ability to perform its obligations
to provide sub-investment advisory services to Manager and the Fund;

 

(2)         Commodity
Subadvisor commits a material breach of the Agreement, and fails to remedy such breach within a period of thirty (30) business
days following receipt of written notice from Manager specifying the breach and requesting its remedy;

 

(3)         Manager
ceases to act as overall investment manager to the Fund; provided, however, that if the successor investment manager to the Fund
(the “Successor Manager”) is an affiliate of the Manager, such Successor Manager will expressly agree in writing
to assume all obligations of the Manager under this Agreement and honor its terms and conditions; provided, further, that in the
case of the foregoing, the Manager shall be released from further obligations under this Agreement and each non-assigning party
agrees to look solely to the Successor Manager for the performance of the Manager’s obligations; or

 

(4)         the
Fund closes for any reason.

 

c)         Notwithstanding the
foregoing, this Agreement may be terminated in its entirety by Commodity Subadvisor immediately upon notice to Manager if Manager
does not pay undisputed fees due Commodity Subadvisor, and Manager fails to remedy such breach within a period of thirty (30) business
days following receipt of notice from Commodity Subadvisor specifying the amount of undisputed fees believed due from Manager,
including detailed calculations regarding how the Commodity Subadvisor determined such fees.

 

14.         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:

 

If to Manager or the Fund:

 

WisdomTree Coal Services, LLC

 

    9 

     

    

 

c/o WisdomTree Investments, Inc.

245 Park Avenue, 35th Fl.

New York, NY 10167

Attention: Peter Ziemba

Facsimile: (917) 267-3851

  

If to Commodity Subadvisor:

 

GreenHaven Advisors, LLC

c/o Grain Service Corporation, Inc.

3340 Peachtree Road, Suite 1910

Atlanta, GA 30326

Attention: Ashmead Pringle

Facsimile: (404) 261-5468

 

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 an internationally recognized courier service with signature
required for delivery, or (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.         Confidentiality.
Each party agrees that it will treat confidentially all information provided by the other party regarding such other party’s
business and operations, including without limitation, with respect to the Commodity Subadvisor, the investment activities and
holdings of the Fund and all information obtained in the ordinary course of performing its activities and duties hereunder about
the Fund’s prior, present or potential limited owners. 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 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. 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

 

    10 

     

    

 

deems appropriate and in
accordance with the standard of care hereunder regarding the extent of the breach of confidentiality. Each party’s obligations
under this clause shall survive for a period of one (1) year following the expiration or termination of this Agreement.

 

16.         Business
Continuity. The Commodity Subadvisor shall maintain business continuity, disaster recovery, and backup capabilities and facilities,
through which the Commodity Subadvisor will be able to perform its activities and duties hereunder with minimal disruptions or
delays. The Commodity Subadvisor will employ reasonable safeguards designed to protect the Fund’s confidential information.
Upon request, the Commodity Subadvisor shall provide to the Manager copies of its written business continuity, disaster recovery
and backup plan(s) or sufficient information and written certification regarding such plans to satisfy the Manager. The Commodity
Subadvisor represents that it tests its plan(s) on at least an annual basis, and shall, at the Manager’s request, provide
the Manager with information regarding the results of its testing.

 

17.         Assignment
and Successors. This Agreement may not be assigned without the express written consent of the other party, which consent shall
not be unreasonably withheld. No activities or duties hereunder may delegated by either party, except as expressly set forth in
Section 2. This Agreement is made solely for the benefit of, and shall be binding upon, the parties and their respective permitted
successors and assigns, and no other person shall have any right or obligation under it. Any assignment in violation of this Agreement
shall be void and of no effect. Notwithstanding the foregoing, in the event that the Manager engages in any (a) merger or consolidation
into or with any other corporation or entity, (b) sale, conveyance, transfer, license, lease or other disposition of all or substantially
all of the assets of the Manager or (c) acquisition by any person of more than fifty percent (50%) of the voting power of all securities
of the Manager (collectively, a “Change of Control”), the Manager may, in its sole discretion and without the
consent of the Commodity Subadvisor or any other party hereto, assign this Agreement in connection with such Change of Control
and, upon such assignment and Change of Control, the successor-in-interest to Manager as a result of the Change in Control will
expressly agree in writing to assume this Agreement and honor its terms and conditions, and Manager shall be released from further
obligations under this Agreement and each non-assigning Party agrees to look solely to the successor-in-interest of the Manager
for the performance of the Manager’s obligations.

 

18.         Miscellaneous.
The captions in this Agreement are included for convenience of reference only and in no way define or delimit any of the provisions
hereof or otherwise affect their construction or effect. If any provision of this Agreement is held or made invalid by a court
decision, statute, rule or otherwise, the remainder of this Agreement will not be affected thereby.

 

19.         Applicable
Law, Entire Agreement, Amendments. This Agreement shall be construed in accordance with applicable federal law and the laws
of the State of New York, without reference to any conflict of law principles to the contrary. Commodity Subadvisor consents to
jurisdiction and venue of the state and federal courts sitting in the State of New York, County of New York, U.S.A. This Agreement
is the entire agreement of the parties in respect of the subject matter and may be amended only by a writing signed by the parties.

 

    11 

     

    

 

20.         Obligations
of Fund Only. This Agreement is executed on behalf of the Fund by officers of the Manager as officers and not individually
and the obligations imposed upon the Fund by this Agreement are not binding upon any of the Fund’s trustees or shareholders
individually but are binding only upon the assets and property of the Fund.

 

21.         Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts
shall, together, constitute only one instrument.

 

22.         Commodity
Subadvisor’s Rule 4.7 Advisory and Fund Consent. PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION
IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS, THIS BROCHURE OR ACCOUNT DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT
BEEN, FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING
PROGRAM OR UPON THE ADEQUACY OR ACCURACY OF COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION
HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS BROCHURE OR ACCOUNT DOCUMENT.

 

The Fund consents to its
account being managed by Commodity Subadvisor being an exempt account under CFTC Rule 4.7.

 

[SIGNATURES ON NEXT PAGE]

 

    12 

     

    

  

IN WITNESS WHEREOF,
Manager, the Fund and Commodity Subadvisor have caused this Agreement to be executed as of the day and year first above written.

  

GREENHAVEN COAL SERVICES, LLC

(to be renamed WISDOMTREE COAL SERVICES, LLC),

a Georgia limited liability company

 

By: WisdomTree Investments, Inc.

Its: Sole Member

 

	By: 	 	 

Name:

Title:

 

GREENHAVEN COAL FUND

(to be renamed WISDOMTREE COAL FUND),

a Delaware statutory trust

 

By: GREENHAVEN COAL SERVICES, LLC

(to be renamed WISDOMTREE COAL SERVICES, LLC),

its Manager

 

By: WisdomTree Investments, Inc.

Its: Sole Member

 

	By: 	 	 

Name:

Title:

 

[SIGNATURE PAGE TO COAL SUBADVISORY AGREEMENT
– GREENHAVEN COAL FUND]

 

     

     

    

 

IN WITNESS WHEREOF,
Manager, the Fund and Commodity Subadvisor have caused this Agreement to be executed as of the day and year first above written.

  

GREENHAVEN ADVISORS, LLC,

a Delaware limited liability company

 

	By: 	 	 
	Name: Ashmead Pringle	 
	Title: Managing Member	 

 

AGREED, FOR THE LIMITED PURPOSES SET FORTH IN SECTION 12:

 

ADDITIONAL INDEMNITORS, EACH IN THEIR INDIVIDUAL CAPACITIES

 

	By: 	 	 
	Name: Ashmead Pringle	 

 

	By:	 	 
	
        Name: Thomas Cooper Anderson 
	 

 

	By:	 	 
	Name: Thomas J. Fernandes	 

 

[SIGNATURE PAGE TO COAL SUBADVISORY AGREEMENT
– GREENHAVEN COAL FUND]

 

     

     

    

 

EXHIBIT A

 

List of Broker/Dealers and FCMs

 

	Commodity Broker	Morgan Stanley & Co. LLC
	  	  
	Execution Broker	TFS Energy Futures LLC

  

     

     

    

 

EXHIBIT B

 

Compensation

 

a)         For the services
provided and the expenses assumed pursuant to this Agreement, Commodity Subadvisor agrees to accept as full compensation an annual
fee equal to twenty percent (20%) of the Manager’s management fee plus twenty percent (20%) of the Fund’s other expense
accrual (excluding brokerage expense accrual) based on the Fund’s average daily net assets (the “Fee”);
provided, however the minimum annual Fee that Commodity Subadvisor will be paid shall be $50,000 (the “Minimum Annual
Fee”). The Fee shall accrue on each calendar day and shall be paid by Manager within seven (7) days after the first business
day of the next succeeding calendar month. The daily fee accrual shall be computed by multiplying the fraction of one divided by
the number of days in the calendar year by the applicable annual rate of fee, and multiplying this product by the net assets of
the Fund as of the close of business on the last preceding business day on which the Fund’s net asset value was determined.
The Fund’s net asset value for this purpose shall be calculated as provided in the Fund’s prospectus then in effect.
If, at the end of each calendar year that this Agreement remains in effect, beginning January 1, 2016, and each monthly Fee has
been calculated and paid to Commodity Subadvisor (other than the payment for the last month of the calendar year), Commodity Subadvisor
has not received Fees equal to the Minimum Annual Fee, then Manager shall pay the shortfall amount to Commodity Subadvisor at the
same time that Manager makes the payment to Commodity Subadvisor for the last month of the applicable calendar year.

 

b)         For the month
and year in which this Agreement becomes effective or terminates, there shall be an appropriate proration of the Fee on the basis
of the number of days that the Agreement is in effect during the month and year, respectively. By way of example, if this Agreement
were to terminate on the 100th day of a calendar year because the Fund closed on that day, then the Minimum Annual Fee for that
partial year would be $50,000 x (100/365).

 

    

     

    

 

EXHIBIT C

 

Additional Indemnitors

 

Ashmead Pringle

Thomas Cooper Anderson

Thomas J. Fernandes

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]