Document:

EX-4.2

 

Exhibit
4.2 

BROOKSHIRETM RAW MATERIALS (U.S.) TRUST

SUBSCRIPTION AGREEMENT AND POWER OF ATTORNEY

IMPORTANT: READ ALL PAGES IN THIS PACKET BEFORE SIGNING

The undersigned, by execution and delivery of this Subscription Agreement and Power of Attorney
and by payment of the purchase price for Units in the applicable Fund of BrookshireTM Raw Materials
(U.S.) Trust (the “Trust”) hereby subscribes for the purchase of Units in the amount set
forth below. Capitalized terms not defined in this Subscription Agreement and Power of Attorney
have the meanings given to such terms in the final prospectus and disclosure document of the Trust,
as amended or supplemented from time to time (the “Prospectus”), and the Amended and
Restated Declaration of Trust and Trust Agreement of the Trust, a copy of which is attached as an
exhibit to the Prospectus.

	 	 	 	 	 
	1) Status of Subscriber(s) (Check one):

	 	2) Specify Fund (check appropriate box(es)), number of Units and total
dollar amount of subscription:
	 

	 	 	 	Dollar Amount
	o New Subscriber(s)

	 	o BrookshireTM Raw Materials (U.S.) Core USD Fund
	 	$                     
	o Existing Owner(s)

	 	o BrookshireTM Raw Materials (U.S.) Core CDN Fund
	 	$                     
	 

	 	o BrookshireTM Raw Materials (U.S.) Agriculture USD Fund
	 	$                     
	 

	 	o BrookshireTM Raw Materials (U.S.) Agriculture CDN Fund
	 	$                     
	 

	 	o BrookshireTM Raw Materials (U.S.) Metals USD Fund
	 	$                     
	 

	 	o BrookshireTM Raw Materials (U.S.) Metals CDN Fund
	 	$                     
	 

	 	o BrookshireTM Raw Materials (U.S.) Energy USD Fund
	 	$                     
	 

	 	o BrookshireTM Raw Materials (U.S.) Energy CDN Fund
	 	$                     
	 

	 	o BrookshireTM Raw Materials (U.S.) Accelerated Core USD Fund
	 	$                     
	 

	 	o BrookshireTM Raw Materials (U.S.) Accelerated Core CDN Fund
	 	$                     

3) B/D Investor Account Number:                                         

	 	 	 	 	 
	4) Social Security #                      —                      —                     

	 	or
	 	Taxpayer
ID#
                                        

	 	 	 	 	 	 	 	 	 
	Taxable Investors (check one):
	 	 	 	 	 	 
	o Individual Ownership

	 	o Tenants in Common/Entirety
	 	 	 	o Estate1,2
	 	o UGMA/UTMA (Minor)
	o Partnership1,2

	 	o Joint Tenants with Right of Survivorship
	 	 	 	o Trust1,2
	 	o Corporation
	Non-Taxable Investors (check one)
	 	 	 	 	 	 
	o IRA/SEP/Roth

	 	o Defined Contribution Plans1,2
	 	 	 	o Non-ERISA,2
	 	o Other (specify)
	 

	 	o Defined Benefit Plans1,2	 	 	 	 	 	 

 

			
	1	 	The undersigned hereby certifies by signing below that the undersigned has the power,
under its applicable charter or organization documents to enter into transactions in each of the following
types of securities: (1) units of beneficial interest in a trust; (2) U.S. government securities;
and (3) managed futures (i.e., futures, forward, option, spot, swap, and security futures contracts).
                     Please initial.
	 
	2	 	The undersigned Subscriber acknowledges that the Trust’s Managing Owner, BrookshireTM Raw
Materials Management, LLC, has not been provided the Subscriber’s charter or organizational documents and
that neither the Trust nor the Managing Owner will make a review or interpretation of such
documents.                      Please initial.

	5)	 	o Check here if the Subscriber(s) is (are) a Benefit Plan Investor.

o Check here if the Subscriber(s) is (are) not a Benefit Plan Investor. If this box is checked, the Subscriber(s)
certify(ies) that it (they) will not become a Benefit Plan Investor until such time as the Managing Owner notifies
the Subscriber(s) that such Fund is intended to
be qualified as a publicly traded security or the Subscriber has obtained the consent of the Managing Owner.
                    Please initial.
	 
	6)	 	Full Registration Name of Subscriber(s) (No Initials): including Individuals, Partnerships, Joint Partnership,
Estates, Trusts, and Corporations
	 
	 	 	 

	 
	7)	 	Resident Address and Telephone Number of Subscriber
	 
	 	 	 

Street (P.O. Box not acceptable)          City          State          Zip Code          Telephone Number

	8)	 	Mailing Address and Telephone Number (if different)
	 
	 	 	 

Street (P.O. Box acceptable)          City          State          Zip Code          Telephone Number

	9)	 	Address and Telephone Number of Custodian (if applicable)
	 
	 	 	 

Street (P.O. Box acceptable)          City          State          Zip Code          Telephone Number

	10)	 	Email Address:                                         

	 	 	o I opt out of electronic delivery of reports (please check and provide e-mail address above): Your reports may
be e-mailed to you or posted on the Trust’s website (with an email notification of posting).

1

 

SUBSCRIBER(S) MUST SIGN

	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	Signature of Subscriber
	 	Date
	 	Signature of Joint Subscriber (if any) or Custodian
	 	Date

Executing and delivering this Subscription Agreement and Power of Attorney shall in no respect
be deemed to constitute a waiver of any rights under the Securities Act of 1933, as amended, or
under the Securities and Exchange Act of 1934, as amended.

UNITED STATES INVESTORS ONLY

I have checked the following box if I am subject to backup withholding under the provisions of
Section 3406(a)(1)(C) of the Internal Revenue Code: (See directions for definition of subjectivity
to backup withholdings). Under penalties of perjury, by signature above I hereby certify
that the Social Security Number or Taxpayer Identification Number next to my name is my true,
correct and complete Social Security or Taxpayer Identification Number and that the information
given in the immediately preceding sentence is true, correct and complete. o

NON-UNITED STATES INVESTORS ONLY

Under penalties of perjury, by signature above and by checking the following box I hereby certify
that (a) I am not a citizen of the United States or (b) (in the case of an investor, which is not
any individual) the investor is not a United States corporation, partnership, estate or 

trust. o

FINANCIAL ADVISOR MUST SIGN

I hereby certify that I have informed the Subscriber of all pertinent facts relating to the
liquidity and marketability of Units as set forth in the Prospectus dated                     , ___2007, and I
have reasonable grounds to believe (on the basis of information obtained from the person(s) named
above concerning such age, investment objectives, investment experience, income, net worth,
financial situation and needs, other investments of the person and any other information known by
me) that (a) the purchase of Units is a suitable and appropriate investment for such person(s); (b)
such person(s) meet(s) the minimum income and net worth standards; (c) such person(s) can benefit
from the investment based on such person(s) overall investment objectives and portfolio structure;
(d) such person(s) has a fair market net worth to bear the economic risk of the investment; and (e)
such person(s) has (have) an understanding of the fundamental risks of the investment, the risk
that an investor may lose its entire investment, the restriction on the liquidity of the Units, the
restrictions on the transferability of the Units and the background and qualifications of the
Selling Agent; (f) such person(s) satisfy the requirements to become a Subscriber on the basis set
forth in the Prospectus and this Subscription Agreement and Power of Attorney; (g) acceptance of
the Person’s subscription will not otherwise breach any laws, rules and regulations designed to
avoid money laundering applicable either to the Selling Agent, the Managing Owner, the Trust and
Each Fund.

I have ensured that a current Prospectus, together with the most recent Monthly Report for the
applicable Fund, if such Fund has commenced trading, has been furnished to the person(s) named
above at least 5 Business Days prior to the date of this Subscription Agreement and Power of
Attorney.

I have received all documents required to accept this subscription and acknowledge the suitability
of the Subscriber and the amount of the subscription for each Fund. If the Subscriber is other than
an individual, I acknowledge that my review of the Subscriber’s governing documents indicates that
such documents permit investment in commodities funds whose principal business is speculative
futures trading.

	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	Financial Advisor Signature
	 	Date
	 	Office Manager Signature
	 	Date
	 
	 	 	 	(if required by Selling Agent procedures)
	 	

	 	 	 	 
	Selling Agent Name
	 	F.A. Name	 
	 	 	 	 
	 	 	 	 
	 
	 	(print clearly for proper credit)	 

	 	 	 	 	 	 	 	 	 
	F.A. Phone
	 	F.A. Fax
	 	F.A. Email Address
	 	Branch ID
	 	FA. Number
	 	 	 	 	 	 	 	 	 
	 
	 	 
	 	 
	 	 
	 	 

F.A. Address

(for confirmations)

 

Street Address

 

2

 

Dear Sir/Madam:

1. Subscription for Units. By submitting this Subscription Agreement and Power of
Attorney and by payment of the purchase price for units of beneficial interest (“Units”) in
the applicable fund (a “Fund”) of BrookshireTM Raw Materials (U.S.) Trust (the
“Trust”), I hereby subscribe for the number of Units in the applicable Fund set forth on
the cover page to this Subscription Agreement and Power of Attorney. The purchase price for such
Units is $10.00 per Unit during the Initial Offering Period and then-current net asset value per
Unit of the applicable Fund(s) as per the Valuation Point on the Subscription Date during the
Continuous Offering Period. The terms of the offering of the Units are described in the
Prospectus. Brookshire Raw Materials Management, LLC (the “Managing Owner”) or the
Administrator may, in its sole and absolute discretion, accept or reject any subscription in whole
or in part. In this Subscription Agreement and Power of Attorney, references to “I” or “me” refer
to each person or entity listed as a Subscriber on Item 6 on the cover page of this Subscription
Agreement and Power of Attorney.

2. Representation and Warranties of Subscriber. I hereby represent and warrant to the
Trust, the Funds and the Managing Owner as follows:

	(1)	 	If I am not acting on behalf of a Benefit Plan
Investor, I have either (i) a net worth (exclusive of home,
home furnishings, and automobiles) of at least $250,000 or
(ii) a net worth (similarly calculated) of at least $70,000
and an annual gross income of at least $70,000 and not more
than 10% of my net worth is invested in any Fund or in all
Funds combined. If I am acting on behalf of a Benefit Plan
Investor that is an IRA or a Keogh Plan which covers no
common law employees or a Plan that is not subject to ERISA,
each Participant meets the net worth and gross income
requirement in the preceding sentence, and not more than 10%
of its assets is invested in any Fund or in all Funds
combined. If I am acting on behalf of a Plan subject to
ERISA, the assets of the Plan are at least $250,000 and its
investment in any Fund or in all Funds combined does not
exceed 10% of the assets of such Plan at the time of
investment.
	 
	(2)	 	All of the information that I have provided in
connection with this Subscription Agreement and Power of
Attorney is true, correct, and complete as of the date of
execution of this Subscription Agreement and Power of
Attorney, and if there should be any material change in such
information prior to my admission in the applicable Fund(s)
as a Limited Owner, I will immediately furnish such revised
or corrected information to the Administrator (on behalf of
the Managing Owner). The address set forth on the cover page
of this Subscription Agreement is my true and correct
address and I have no present intention of becoming a
resident of any other state or country. I will furnish the
Administrator or Managing Owner, as applicable, with such
other documents as either of them may request to evaluate
this subscription.
	 
	(3)	 	If I am an individual, I am over 21
years old and am legally competent and am
permitted by applicable law to execute and
deliver this Subscription Agreement and
Power of Attorney.
	 
	(4)	 	To my best knowledge, I am independent of
the Trust, the Trustee, the Managing Owner
and my Selling Agent and the decision to
invest in Units was made entirely
independently of such parties, and was not
part of a coordinated or joint investment
effort with one or more other investors.
	 
	(5)	 	At least five (5) Business Days prior to the
date of execution of this Subscription
Agreement and Power of Attorney, I have
received a Prospectus for the Trust -
including the appendices and supplements, if
any —  which constitutes its Commodity
Futures Trading Commission (“CFTC”)
Disclosure Document, the Amended and
Restated Declaration of Trust and Trust
Agreement and summary financial information
relating to the applicable Fund current
within 60 calendar days — dated within nine
months of the date on which I have
subscribed to purchase Units. If
trading for the applicable Fund has
commenced, I have received a copy of its
most recent monthly report as required by
the CFTC.
	 
	(6)	 	I either (i) am not required to be
registered with the CFTC or to be a member
of the National Futures Association (“NFA”);
or (ii) if required to be so registered, I
am duly registered with the CFTC and am a
member in good standing of the NFA.
	 
	(7)	 	Unless (8) or (9) below is applicable, I am
purchasing Units for my own account and not
as trustee, custodian or nominee for
another.
	 
	(8)	 	If I am subscribing as a custodian for a
minor, either (i) the subscription is a gift
I have made to that minor and is not made
with the minor’s funds, in which case the
representations as to net worth and annual
income apply only to me as custodian; or
(ii) if the subscription is not a gift, the
representations as to net worth and annual
income, as set forth in (1) above, (or in a
special supplement to the Prospectus), apply
only to that minor.
	 
	(9)	 	If I am subscribing on behalf of a
corporation, limited liability corporation,
partnership or limited partnership, I have
full power and authority to purchase Units
and enter into and be bound by the
Subscription Agreement and Power of Attorney
on behalf of

3

 

	 	 	the entity
for which I am purchasing Units,
and such entity has full right and
power to purchase such Units and
enter into and be bound by the
Subscription Agreement and Power of
Attorney and become a Limited Owner
and be bound by the terms and
conditions of the Amended and
Restated Declaration of Trust and
Trust Agreement.
	 
	(10)	 	If I am subscribing for a joint or
community property account, I have
full power and authority to
purchase Units and enter into and
be bound by the Subscription
Agreement and Power of Attorney on
behalf of the joint or community
property account.
	 
	(11)	 	If I am a trustee or custodian of a
Benefit Plan Investor (or am
otherwise an entity which holds
plan assets), none of the Trustee,
Managing Owner or any Selling
Agent, or any of their affiliates
either: (i) has investment
discretion with respect to the
investment of the assets of such
entity being used to purchase
Units; (ii) has authority or
responsibility to give or regularly
gives investment advice with
respect to such Units for a fee and
pursuant to an agreement or
understanding that such advice will
serve as a primary basis for
investment decisions with respect
to such Units and that such advice
will be based on the particular
investment needs of the trust or
custodian; or (iii) is an employer
maintaining or contributing to the
Trust. The purchase, holding and
disposition of Units will not
constitute a non-exempt prohibited
transaction under ERISA or Section
4975 of the Code.
	 
	(12)	 	I am not, and no beneficial
owner of me is, (i) an individual,
entity or organization identified
on any U.S. Office of Foreign
Assets Control “watch list” and do
not have any affiliation of any
kind with such an individual,
entity or organization; (ii) a
foreign shell bank; and (iii) a
person or entity resident in or
whose subscription funds are
transferred from or through a
jurisdiction identified as
non-cooperative by the U.S.
Financial Action Task Force.
	 
	(13)	 	I am not, and no beneficial
owner of me is, a senior foreign
political figure,1 an
immediate family member of a senior
foreign political
figure2, or a close
associate of a senior foreign
political figure3.
	 
	(14)	 	The funds to be invested in
the Funds and the Trust were not
derived from activities that may
contravene U.S. or non-U.S.
anti-money laundering laws or
regulations.
	 
	(15)	 	I am a not, and will not be, a
resident of Canada (for purposes of
the Income Tax Act (Canada)) while
I hold any Units and; I am not,
and will not be, “affiliated” with
the Administrator if such
Administrator is a corporation or
trust resident in Canada, or a
Canadian partnership, all within
the meaning of the Income Tax Act
(Canada).
	 
	(16)	 	I am acquiring Units for which I
have subscribed for my own account,
as principal, for investment and
not with a view to the resale or
distribution of all or a portion of
such Units or, if I am an
intermediary subscribing for Units
as a record owner on behalf of one
or more investors or beneficial
owners, I agree that the
representations made in items (12)
– (15) herein are made by me on
behalf of and with respect to both
me and all such investors or
beneficial owners.
	 
	(17)	 	I acknowledge that, if,
subsequent to my investment in the
Trust, the Trust or the Managing
Owner reasonably believes that I am
or become a prohibited investor as
described in (12) – (15) herein or
have otherwise breached my
representations and covenants
hereunder, the Trust or the
Managing Owner may be obligated to
(i) freeze my investment, either by
prohibiting additional investments,
declining any redemption requests
and/or segregating the assets
constituting the investment in
accordance with applicable
regulations, or by undertaking such
other comparable action, or (ii)
immediately redeem my investment.
In any such case, I shall have no
claim against the applicable Fund
or the Managing Owner for any form
of damages as a result of any of
the aforementioned actions.
	 
	(18)	 	This Subscription Agreement and
Power of Attorney will be, duly
executed and delivered by me and
constitutes a legally valid and
binding obligation of me, the
entity for which I am subscribing
on behalf of, or the beneficiary of
a Benefit Plan Investor for which I
am a trustee or custodian
(whichever may be applicable),
enforceable against the applicable
individual or entity in accordance
with its terms.
	 
	(19)	 	I acknowledge and understand that
my Units can be mandatorily
redeemed by the Managing Owner, as
set forth in the Prospectus and the
Trust Agreement, and that my
ability to redeem, exchange and/or
transfer Units is subject to
restrictions as set forth in the
Prospectus and the Trust Agreement.

 

			
	1	 	A “senior foreign political
figure” is defined as an official in the executive, legislative,
administrative, military or judicial branches of a foreign government (whether
elected or not), a senior official of a major foreign political party, or a
senior executive of a foreign government-owned corporation. In addition, a
“senior foreign political figure” includes any corporation,
business or other entity that has been formed by, or for the benefit of, a
senior foreign political figure.
	 
	2	 	“Immediate family” of a
senior foreign political figure typically includes the figure’s parents,
siblings, spouse, children and in-laws.
	 
	3	 	A “close associate” of a
senior foreign political figure is a person who is widely and publicly known to
maintain an unusually close relationship with the senior foreign political
figure, and includes a person who is in a position to conduct substantial
domestic and international financial transactions on behalf of the senior
foreign political figure.

4

 

By making these representations and warranties, I am not waiving any rights of action which I may
have under applicable federal or state securities laws. Federal and state securities law provides
that any such waiver would be unenforceable. I should be aware, however, that the representations
and warranties set forth herein may be asserted in the defense of the Trust, the Funds, the
Managing Owner, or others in any subsequent litigation or other proceeding.

3. Covenants of Subscriber. By executing and submitting this Subscription Agreement
and Power of Attorney, I hereby covenant to and agree with the Trust, the Funds and the Managing
Owner as follows:

	(1)	 	To promptly provide any information deemed necessary by the Trust, the
Trustee, the Managing Owner and my Selling Agent to comply with its anti-money
laundering program and related responsibilities from time to time and to confirm
that I am not a prohibited investor described in paragraphs (12) to (15) above.
	 
	(2)	 	To promptly inform the Managing Owner if any event occurs that results or is
reasonably likely to result in me becoming a prohibited investor as described in
paragraph (12) to (15) above.
	 
	(3)	 	Any redemption proceeds paid to me will be paid to the same account from which my
investment in the applicable Fund was originally remitted, unless the Managing
Owner or the Administrator agrees otherwise.
	 
	(4)	 	Unless I have checked the box under Item 10 on the cover page of the Subscription
Agreement and Power of Attorney, I am consenting to electronic delivery of
periodic reports for each Fund and the Trust, including:

	 	•	 	annual reports that contain audited financial statements; and
	 
	 	•	 	monthly reports that contain unaudited condensed financial statements.

I agree to download these reports from the Trust’s website once I have been
notified by e-mail that such reports have been posted. I must have an e-mail
address to use this service and must provide my e-mail address in Item 10 of the
cover page of the Subscription Agreement and Power of Attorney. If I elect to
receive these reports electronically, I will not receive paper copies of the
reports in the mail, unless I later revoke my consent. I may revoke my consent and
receive paper copies at any time by notifying the Managing Owner in writing at
1000 Hart Road, Suite 210, Barrington, Illinois 60010. Furthermore, if my e-mail
address changes, I must immediately advise the Trust, c/o the Managing Owner, at
the address above.

4. Acknowledgement of, Consent to and Agreement Regarding Subordination and Limitation on
Interseries Liability. In my capacity as a Subscriber for Units in a Fund that are the subject
of this Agreement (a “Contracting Fund”), I hereby agree and consent (the
“Consent”) to look solely to the assets (the “Contracting Fund Assets”) of the
relevant Contracting Fund and to the Managing Owner and its assets (to the extent of the Units
owned by the Managing Owner in such Fund) for payment in respect of any claim against or obligation
of such Fund and not against the assets of the Trust generally or of any other Fund. The
Contracting Fund Assets of a particular Fund include only those funds and other assets that are
paid, held or distributed to the Trust on account of and for the benefit of such Contracting Fund,
including, without limitation, funds delivered to the Trust for the purchase of Units in such Fund.
In furtherance of the Consent, I agree, with respect to each Contracting Fund, that (i) any debts,
liabilities, obligations, indebtedness, expenses and claims of any nature and of all kinds and
descriptions (collectively, “Claims”) of such Contracting Fund incurred, contracted for or
otherwise existing and (ii) any Units, beneficial interests or equity ownership of any kind
(collectively, “Units”) of such Contracting Fund, arising from, related to or in connection
with the Trust and its assets and the Contracting Fund and the Contracting Fund Assets, shall be
subject to the following limitations:

(a) (i) except as set forth below, my Claims and Units, if any, (collectively, the
“Subordinated Claims and Units”) incurred, contracted for or otherwise existing, arising
from, related to or in connection with a Contracting Fund, the Contracting Fund Assets, and assets
of the Trust shall be expressly subordinate and junior in right of payment to any and all other
claims against and Units in the Trust and any Contracting Fund thereof, and any of their respective
assets, which may arise as a matter of law or pursuant to any contract; provided, however, that my
bona fide Claims (if any) against and Units (if any) in the applicable Contracting Fund shall be
pari passu and equal in right of repayment and distribution with all other bone fide Claims against
the Contracting Fund, (ii) I will not take, demand or receive from any Fund or the Trust or any of
their respective assets (other than the Contracting Fund or the Contracting Fund Assets) any
payment for the Subordinated Claims and Units except in accordance with this subsection;

(b) my Claims and Units with respect to the Contracting Fund shall only be asserted and
enforceable against the Contracting Fund, the Contracting Fund Assets and the Managing Owner and
its assets; and such Claims and Units shall not be asserted or enforceable for any reason
whatsoever against any other Fund, the Trust generally or any of their respective assets;

5

 

(c) if my Claims against the Contracting Fund or the Trust are secured in whole or in part, I
hereby waive (under section 1111(b) of the Bankruptcy Code (11 U.S.C. § 1111(b))) any right to have
any deficiency Claims (which deficiency Claims may arise in the event such security is inadequate
to satisfy such Claims) treated as unsecured Claims against the Trust or any Fund (other than the
Contracting Fund), as the case may be;

(d) in furtherance of the foregoing, if and to the extent that I receive monies in connection
with the Subordinated Claims and Units from a Fund or the Trust (or their respective assets), other
than the Contracting Fund, the Contracting Fund Assets and the Managing Owner and its assets and
except as permitted above, I shall be deemed to hold such monies in trust and shall promptly remit
such monies to the Fund or the Trust that paid such amounts for distribution by the Fund or the
Trust in accordance with the terms hereof; and

(e) the foregoing Consent shall apply at all times notwithstanding that the Claims are
satisfied, the Units are sold, transferred, redeemed or in any way disposed of and notwithstanding
that the agreements in respect of such Claims and Units are terminated, rescinded or canceled.

The representations and statements set forth herein may be asserted in the defense of the
Trust, the Funds, the Managing Owner, or others in any subsequent litigation or proceeding.

5. Power of Attorney. By submitting this Subscription Agreement and Power of Attorney,
and subscribing for Units, I hereby irrevocably constitute and appoint the Managing Owner and its
successors and assigns, as my true and lawful attorney-in-fact and agent, with full power of
substitution, in my name, place and stead, to (i) file, prosecute, defend, settle or compromise
litigation, claims or arbitrations on behalf of the Trust and each Fund in which I invest, and (ii)
execute, acknowledge, file and publish any Trust and Fund documents which may be considered
necessary or desirable by the Managing Owner, including, without limitation, the execution of such
certificates or other instruments which the Managing Owner deems appropriate or necessary in its
sole discretion to qualify or continue the Trust as a statutory trust, any instrument which may be
required to be filed by the Trust or a Fund under the Laws of any state or by any governmental
agency, or which the Managing Owner deems advisable or necessary in its sole discretion to file and
the Trust Agreement and any documents which may be required or appropriate to effect an amendment
to the Trust Agreement approved under the terms of the Trust Agreement or a continuation of the
Trust, the admission by me of the Power of Attorney as a Limited Owner or of others as additional
or Substituted Limited Owners, or the termination of the Trust, provided in each case such
continuation, admission or termination is in accordance with the terms of the Trust Agreement.

The Power of Attorney granted hereby is a special, irrevocable Power of Attorney coupled with an
interest, and shall survive, and shall not be affected by, my subsequent death, incapacity,
disability, liquidation, termination or dissolution or any delivery by me of an assignment of the
whole or any portion of my Units except under the circumstance referenced in Article XIV of the
Trust Agreement. The limitations on the Power of Attorney listed in
Article XIV of the Trust
Agreement shall apply to this Power of Attorney.

6. Governing Law. I hereby acknowledge and agree that this Subscription Agreement and
Power of Attorney shall be governed by and be interpreted in accordance with the laws of the State
of Delaware, without regard to its principles of conflicts of laws.

7. Irrevocability. I hereby acknowledge and agree that I am not entitled to cancel,
terminate or revoke this Subscription Agreement or any of my agreements herein after this
Subscription Agreement and Power of Attorney has been submitted (and not rejected) and that this
subscription and such agreements shall survive my death or disability, but shall terminate with the
full redemption of all my Units in the applicable Fund.

6

 

INSTRUCTIONS TO SUBSCRIPTION AGREEMENT FOR

BROOKSHIRETM RAW MATERIALS (U.S.) TRUST

LIMITED UNITS OF BENEFICIAL INTERESTS

Any person considering subscribing for Units should carefully read and review a current Prospectus.
The Prospectus should be accompanied by the most recent monthly report of the Trust.

INSTRUCTIONS (Please read carefully)

	A.	 	Capitalized terms not defined in this Subscription
Agreement and Power of Attorney have the meanings given to
such terms in the final prospectus and disclosure document
of the Trust, as amended or supplemented from time to time
(the “Prospectus”), and the Amended and Restated Declaration
of Trust and Trust Agreement of the Trust, a copy of which
is attached as an exhibit to the Prospectus. References to
“I” or “me” refer to each person or entity listed as a
Subscriber on Item 6 on the cover page of this Subscription
Agreement and Power of Attorney.
	 
	B.	 	Using a typewriter or printing in ink, check the appropriate box(es) and fill
in the blanks on the signature page of this Subscription Agreement and Power of
Attorney as directed herein.

	 	 	 
	Number 1

	 	Check the applicable boxes:
	 
	 	 
	 

	 	New Subscriber(s): Complete the entire signature
page, as applicable; sign the signature page; and have
the Financial Advisor complete the Financial Advisor
information on the signature page.
	 
	 	 
	 

	 	Existing Owner(s) of Units purchasing Units:
	 
	 	 
	 

	 	(i) If your registration information is the
same as in your original Subscription Agreement and
Power of Attorney, complete Numbers 1, 2, 3 and 4 (only
Social Security # or Taxpayer ID # necessary); complete
Number 6; sign the signature page; and have the
Financial Advisor complete the Financial Advisor
information on the signature page.
	 
	 	 
	 

	 	(ii) If your registration information has
changed from the original Subscription Agreement and
Power of Attorney, follow the instructions listed under
“New Subscriber(s),” above.
	 
	 	 
	Number 2

	 	Please insert the total dollar amount of the
subscription for each Fund, as applicable. The minimum
subscription for any one Fund is $2,000 in the currency
of the applicable Fund and even increments of $500 in
excess thereof. There is no minimum for Benefit Plan
Investors (including IRAs) but all subscriptions by
Benefit Plan Investors (including IRAs) must be in
increments of $500 in the currency of the Fund of the
subscription. The minimum initial subscription amount
for residents of Texas (including Benefit Plan Investors
(including IRAs)) is $5,000. During the Continuous
Offering Period, existing Limited Owners will be able to
purchase additional Units in increments of $500. New
Subscription Agreements and Powers of Attorney are
required with each additional purchase. Fractional Units
will be issued to four (4) decimal places.
	 
	 	 
	Number 3

	 	Enter Broker Dealer (“B/D”) Investor Account Number.
	 
	 	 
	Number 4

	 	Enter your Social Security Number or Taxpayer ID Number, as applicable,
and check the appropriate box to indicate ownership type. For IRAs, the
Taxpayer ID Number of the Custodian should be entered, as well as the Social
Security Number of the investor. Please also initial the statements printed
underneath box 4 regarding organizational transaction authority and trustee
documentation, if applicable.
	 
	 	 
	Number 5

	 	Check the appropriate box(es) if you are, or are not, a Benefit Plan
Investor (or otherwise an entity which holds plan assets). If subscribing
as a trustee or custodian of a Benefit Plan Investor at the direction of the
beneficiary of such plan, the representation apply only to the beneficiary
of that plan.
	 
	 	 
	Number 6

	 	Enter the full legal name of each Subscriber. For UGMA/UTMA (Minor),
enter the minor name in Number 6, followed

7

 

	 	 	 
	 

	 	by “Minor,” and enter the
custodian name in Number 9. For Trusts, enter the Trust name in Number 6 and
the Trustee(s) name(s) in Number 9. For Corporations, Partnerships and
Estates, enter the entity name in Number 6 and the name of an officer or
contact person in Number 9.
	 
	 	 
	Number 7

	 	Enter your residence or legal address and telephone number.
	 
	 	 
	Number 8

	 	Enter your mailing address, and telephone number, if such information
is different from the information provided in Number 7.
	 
	 	 
	Number 9

	 	Enter the address, and telephone number of the custodian, if applicable.
	 
	 	 
	Number 10

	 	If you consent to receive delivery of reports of the Trust by
electronic means, check the box in Number 10 and provide your e-mail address
in the area indicated.
	 
	 	 
	Signature Block

	 	Sign and date the signature page. Do not sign without reading the
representations and warranties and familiarizing yourself with the
Prospectus.
	 
	 	 
	Tax Information

	 	Check the box regarding backup withholding, if applicable. You are
subject to backup withholding under the provisions of Section 3406(a)(1)(C)
of the Internal Revenue Code if you have been notified by the Internal
Revenue Service that you are currently subject to backup withholding because
you have failed to report all interest and dividends on your tax return.
Please also review the statement under “UNITED STATES INVESTORS ONLY” or
“NON-UNITED STATES INVESTORS ONLY,” as applicable, to ensure that you comply
with the certification you are making by signing the signature page
	 
	 	 
	Financial Advisor 

Information

	 	To be completed and signed by the Financial Advisor. Selling Agent name,
Financial Advisor name, Financial Advisor phone number, Financial Advisor
fax number, Financial Advisor e-mail address, Financial Advisor Branch ID,
Financial Advisor number and Financial Advisor address must be entered.

You should return this Subscription Agreement and payment to your Financial Advisor’s office
address.

	C.	 	Subscriber’s admission as a Limited Owner of a Fund
will be effective when both the Subscriber’s duly completed
Subscription Agreement and Power of Attorney is received and
accepted by the Administrator or the Managing Owner and the
Administrator or Managing Owner has been notified that
cleared funds with respect to the subscription have been
received by the Custodian. If the Subscription Agreement is
received and accepted by the Administrator or Managing Owner
or the Administrator or Managing Owner is notified that
cleared funds have been received with respect to such
subscription after 4:00 P.M. New York time, the subscription
will be effective on the next Business Day.
	 
	D.	 	Payment of the subscription must be submitted with this
Subscription Agreement in the form of a check or a wire
transfer in accordance with the Trust’s wire transfer
instructions which will be provided by the Administrator
upon request.

8

 

BROOKSHIRETM RAW MATERIALS (U.S.) TRUST

SUPPLEMENT TO THE SUBSCRIPTION AGREEMENT FOR

LIMITED UNITS OF BENEFICIAL INTEREST

(FOR RESIDENTS OF MINNESOTA ONLY)

Any person considering subscribing for Units should carefully read and review a

current Prospectus of the Trust, including the Subscription Information and Subscription

Agreement attached thereto.

INSTRUCTIONS (Please read carefully)

All capitalized and other defined terms used herein and not expressly defined herein shall have the
same respective meaning as are assigned such terms in the final prospectus and disclosure document
of the Trust and each Fund thereof, as the same may at any time and from time to time be amended or
supplemented (the “Prospectus”).

I certify that the category or categories of accredited investor indicated by the placement of my
initials on the line(s) preceding the appropriate category or categories below are applicable to me
(us).

	 	 	 
	 

	 	Category 1. A bank, as defined in Section 3(a)(2)
of the Act, whether acting in its individual or
fiduciary capacity; or
	 

	 	 
	 
	 	 
	 

	 	Category 2. A savings and loan association or
other institution as defined in Section 3(a)(5)(A) of
the Act, whether acting in 
	 

	 	 
	 

	 	its individual or fiduciary
capacity; or
	 
	 	 
	 

	 	Category 3. A broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934; or
	 

	 	 
	 
	 	 
	 

	 	Category 4. An insurance company as defined in Section 2(13) of the Act; or
	 

	 	 
	 
	 	 
	 

	 	Category 5. An investment company registered under the Investment Company Act of 1940; or
	 

	 	 
	 
	 	 
	 

	 	Category 6. A business development company as
defined in Section 2(a)(48) of the Investment Company
Act of 1940; or
	 

	 	 
	 
	 	 
	 

	 	Category 7. A small business investment company
licensed by the U.S. Small Business Administration
under Section 301(c) or 
	 

	 	 
	 

	 	
(d) of the Small Business
Investment Act of 1958; or
	 
	 	 
	 

	 	Category 8. A plan established and maintained by a
state, its political subdivisions or any agency or
instrumentality of a state or its 
	 

	 	 
	 

	 	political
subdivisions, for the benefit of its employees, with
total assets in excess of $5,000,000; or
	 
	 	 
	 

	 	Category 9. An employee benefit plan within the
meaning of the Employee Retirement Income Security Act
of 1974 in 
	 

	 	 
	 

	 	 which the investment decision is made by a
plan fiduciary, as defined in Section 3(21) of such
Act, which is either a bank, savings and loan
association, insurance company or registered investment
adviser, or an employee benefit plan with total assets
in excess of $5,000,000 or, if a self-directed plan,
with investment decisions made solely by persons who
are accredited investors; or
	 
	 	 
	 

	 	Category 10. A private business development
company as defined in Section 202(a)(22) of the
Investment Advisers Act of 1940; or 
	 

	 	 
	 
	 	 
	 

	 	Category 11. An organization described in Section
501(c)(3) of the Internal Revenue Code, a corporation,
a Massachusetts 
	 

	 	 
	 

	 	 or similar business trust, or a
partnership, not formed for the specific purpose of
acquiring the securities offered, with total assets in
excess of $5,000,000; or
	 
	 	 
	 

	 	Category 12. A director or executive officer of the Managing Owner; or
	 

	 	 

9

 

	 	 	 
	 

	 	Category 13. A natural person whose individual net
worth, or joint net worth (in each case not including
homes, home 
	 

	 	 
	 

	 	 furnishings or automobiles) with that
person’s spouse, at the time of this purchase exceeds
$1,000,000; or
	 
	 	 
	 

	 	Category 14. A natural person who had an
individual income in excess of $200,000 in each of the
two most recent years or 
	 

	 	 
	 

	 	 joint income with that
person’s spouse in excess of $300,000 in each of those
years and has a reasonable expectation of reaching the
same income level in the current year; or
	 
	 	 
	 

	 	Category 15. A trust, with total assets in excess
of $5,000,000, not formed for the specific purpose of
acquiring the securities
	 

	 
	 

	 	offered, whose purchase is
directed by a sophisticated person as described in Rule
506(b)(2)(ii) under the Act; or
	 
	 	 
	 

	 	Category 16. An entity in which all of the equity owners are accredited investors.
	 

	 	 

I agree to cooperate with and furnishing such additional information to the Trust as may be
requested in order to verify my status as an accredited investor.

Dated:                                        

Name:                                        

Individual
Signature (if applicable):                                         

Entity Name:                                        

By:                                        

Name:                                        

Title:                                        

10

 

BROOKSHIRETM RAW MATERIALS (U.S.) TRUST

SUPPLEMENT TO THE SUBSCRIPTION AGREEMENT FOR

LIMITED UNITS OF BENEFICIAL INTEREST

(FOR RESIDENTS OF TEXAS ONLY)

Any person considering subscribing for Units should carefully read and

review a current Prospectus of the Trust, including the

Subscription Information and Subscription Agreement attached thereto.

INSTRUCTIONS (Please read carefully)

	 	A.	 	All capitalized and other defined terms
used herein and not expressly defined herein
shall have the same respective meaning as are
assigned such terms in the final prospectus
and disclosure document of the Trust and each
Fund thereof, as the same may at any time and
from time to time be amended or supplemented
(the “Prospectus”).
	 
	 	B.	 	Please initial the space preceding the representations below after you have carefully read such representations.

	 	 	 
	 

	 	I meet the minimum income and net worth standards set forth in the Prospectus.
	 

	 	 
	 
	 	 
	 

	 	I am purchasing Units for my own account.
	 

	 	 
	 
	 	 
	 

	 	I have received a current copy of the Prospectus.
	 

	 	 
	 
	 	 
	 

	 	I acknowledge that an investment in
the Trust is not liquid except for the
redemption provisions as set forth in the

	 

	 	 
	 

	 	
Prospectus.
	 
	 	 
	 

	 	I am aware that my minimum initial
subscription requirement is $5,000, unless
I am a Benefit Plan Investor (including
IRA)s, 
	 

	 	 
	 

	 	in which I have no minimum initial
subscription requirement or if I am a
resident of Texas (including if I am a
Benefit Plan Investor (including IRAs)) in
which case my minimum initial subscription
requirement is $5,000.

Signature of Subscriber:                                         

Name of Subscriber:                                         

Date:                                         

11EX-4.5

 

Exhibit
4.5

FORM OF LICENSE AGREEMENT

     THIS AGREEMENT (“Agreement”) is made the                      day of                     , 2007, by and among BROOKSHIRE RAW
MATERIALS GROUP INC., a company incorporated under the laws of Ontario (the “Licensor”), Brookshire
Raw Materials Management, LLC (in such capacity, the “Managing Owner”) and BROOKSHIRE RAW MATERIALS
(U.S.) TRUST, a statutory trust established under the Delaware Statutory Trust Act on behalf of
each Fund (as defined below) (the “Trust”; and together with the Managing Owner, the “Licensees”)
pursuant to the Amended and Restated Declaration of Trust and Trust Agreement of the Trust dated
                     ___, 2007 (the “Trust Agreement”). Capitalized terms not defined in this Agreement have the
meanings given to such terms in the Trust Agreement.

WHEREAS

     1. Licensor has developed the BrookshireTM International Raw Materials Index and certain
related indices (collectively, “BIRMI”), as well as trading methodologies and additional
intellectual property related thereto.

     2. The Managing Owner, a wholly owned subsidiary of Licensor, has established the Trust for
the purpose of engaging in the speculative trading of a diversified portfolio of futures and
forward contracts designed to approximately replicate the related index in the BIRMI.

     3. The Managing Owner desires to offer Units to prospective subscribers, as set forth in the
draft registration statement filed with the United States Securities and Exchange Commission on
Form S-1 for the Trust and the Funds (the “Registration Statement”).

     4. In connection therewith, Licensor desires to license the BIRMI and certain other
intellectual property to Licensees on a non-exclusive basis in the United States on the terms and
conditions set forth in this Agreement.

     IN CONSIDERATION of the foregoing premises, and the mutual covenants and agreements set forth,
the parties agree as follows:

     1. Grant of License; Delivery and Updating of Licensed Property

     (a) In consideration of the payment of the Management and Operating Fee pursuant to the Trust
Agreement, and on the terms and subject to the conditions set forth in this Agreement, Licensor
hereby grants to Licensees a royalty free, fully paid-up, non-exclusive, non-assignable,
non-transferrable and non-sublicenseable license in the United States to the Licensed Property (the
“License”) solely in connection with:

     (i) the trading of a diversified portfolio of futures and forward contracts by the
Funds designed to approximately replicate the related index in the BIRMI;

     (ii) the posting of the performance of each index included in the BIRMI on the Trust’s
website and otherwise providing information related to BIRMI and/or the Trust or any Fund to
any Subscriber, prospective authority or governmental or regulatory authority;

 

     (iii) any other purpose reasonably related to or incidental to the foregoing

     ; provided, that (x) it is understood and agreed that the Trust and Funds may trade
Commodities on various exchanges and markets within and outside the United States, and the
limitation on the scope of usage of the License to the United States shall not affect where the
Trust and the Funds can enter into trades with respect to Commodities and (y) each Fund is only
receiving a License to the specific index, related trading methodology and other Fund-specific
intellectual property applicable to such Fund, as set forth on Schedule 1(a).

     For purposes of this Agreement, the “Licensed Property” means (i) the BIRMI and each index
contained therein, including any updates thereto delivered by Licensor to Licensee from time to
time pursuant to Section 1(c) and (ii) trading methodologies designed to implement the
BIRMI and each index contained therein.

     (b) On the terms and subject to the conditions set forth in this Agreement, Licensor hereby
grants to Licensees a royalty free, fully paid-up, non-exclusive, non-assignable, non-transferrable
and non-sublicenseable license in the United States to the Trademarks (the “Trademark License”)
solely in connection with:

     (i) the purposes under Section 1(a) for which the Licensed Property can be
utilized;

     (ii) as part of the name of the Managing Owner, the Trust and each Fund;

     (iii) marketing activities related to the Trust and the Funds; and

     (iv) any other purpose reasonably related to or incidental to the foregoing.

     For purposes of this Agreement, the “Trademarks” means “Brookshire,” “BIRMI” and any other
trademarks owned from time to time by Licensor that Licensor may desire to Licensees hereunder.

     (c) Licensor shall from time to time deliver the Licensed Property to the Managing Owner on
behalf of both Licensees. Without limiting the scope of the foregoing, Licensor shall provide to
the Managing Owner on behalf of both Licensees an updated version of Licensed Property (i) as and
when described in the Registration Statement and (ii) in any event, no less frequently than the
timing in which Licensor provides similar information (including the BIRMI) to any other Person.

2. No Separate License Fee. Other than payment of the Management Fee pursuant to the Trust
Agreement, there shall be no separate license or other fee due in respect of the license to the
Licensed Property and Trademarks granted hereunder.

3. Restrictions on Usage of the Licensed Property. Except as expressly provided herein or as may
be required pursuant to applicable Law, without the prior written consent of Licensor, each
Licensee agrees that it shall not, directly or indirectly:

2

 

     (a) modify, alter, adapt, enhance, translate, reproduce, prepare derivative works from or
otherwise create any database, report, compilation, abstract or other material derived from or
based on the Licensed Property;

     (b) copy, reproduce, disclose, distribute, display publicly, sell, lease, sublicense or
otherwise transfer or provide the Licensed Property (or any part thereof or rights therein),
directly or indirectly, to any third party;

     (c) use the Licensed Property or any part thereof, in any manner, except as contemplated under
this Agreement and for the purposes for which the Licensed Property has been provided by Licensor;

     (d) permit a Fund to use the Licensed Property applicable to another Fund; or

     (e) otherwise take any other action with respect to the Licensed Property or any part thereof
inconsistent with this Agreement or Licensor’s proprietary rights in the Licensed Property.

4. Restrictions on Usage of the Trademarks

     Except as expressly provided herein, unless Licensee obtains the prior written consent of
Licensor, each Licensee agrees that it shall:

     (a) use the Trademarks solely in the form specified from time to time to Licensee by Licensor;

     (b) not alter, modify or change the Trademarks in any manner, or use the Trademarks in
combination with any other words or symbols, without Licensor’s prior written approval;

     (c) not use or display the Trademarks or any other trade names, trademarks or service marks of
Licensor, or any mark confusingly similar to either of the foregoing, except as expressly
authorized in this Agreement; and

     (d) not use or display the Trademarks, or any mark confusingly similar thereto, except as
expressly authorized in this Agreement.

5. Additional Affirmative Covenants and Acknowledgements of Licensee

     (a) Quality Control. Each Licensee agrees that it shall adhere to all reasonable operating
and advertising policies, standards and requirements, and such other quality standards that are
established from time to time by Licensor in its reasonable discretion, applicable to the use of
the Trademarks. Licensor reserves the right to specify the quality of the materials on which the
Trademarks are displayed and to inspect samples of such materials. Licensor shall have the right
to approve or reject any use of the Trademarks by each Licensee. Licensor shall be the sole judge
of whether or not such Licensee has met or is meeting such standards of quality.

3

 

     (b) Acknowledgment of Ownership by Licensor. Each Licensee acknowledges that all right,
title, interest and ownership in and to the Licensed Property and Trademarks belong to Licensor.
The rights granted herein do not constitute a transfer or sale of the Licensed Property or
Trademarks, and this Agreement does not provide any Licensee with title or ownership to the
Licensed Property or Trademarks, but only a limited right of use. All rights not expressly granted
herein are reserved by Licensor. Each Licensee must keep the Licensed Property and Trademarks free
and clear of all liens, claims and encumbrances.

     (c) Goodwill. Each Licensee agrees to promote Licensor’s good reputation and to refrain from
and avoid committing any act or deed which would in any way be, or appear to be, detrimental or
reflect negatively on Licensor’s name and reputation in the United States, Canada or elsewhere.

     (d) Exploitation of License. Each Licensee agrees to use its reasonable commercial efforts to
use the Licensed Property as specified in Section 1 and not for any other purpose
whatsoever.

     (e) Validity of Licensed Property. Each Licensee agrees not to contest the validity of the
Licensed Property or the Trademarks, or the right or title of Licensor to it, or to any process,
trade secret or other intellectual property included in the Licensed Property, and not to aid
others in doing so.

     (f) Legends. Each Licensee shall include all notices and legends with respect to the
Trademarks as are, or may be, required by applicable Law or that may be requested by Licensor in
order to protect Licensor’s rights in the Trademarks. Each Licensee agrees to comply with all
applicable laws in connection with its usage of the Trademarks.

     (g) Improvements and Devices. Each Licensee agrees to assign and transfer to Licensor on its
written demand any and all improvements to any of the Licensed Property made by such Licensee
during the continuance of this Agreement, and to execute any and all papers necessary or proper to
vest in Licensor title to all improvements.

     (h) Infringement. In the event that a Licensee becomes aware of any infringement or potential
infringement of any of the Licensed Property or the Trademarks during the term of this Agreement,
such Licensee shall promptly notify Licensor of such infringement or potential infringement. In
the case of any infringement or potential infringement of any of the Licensed Property or the
Trademarks, Licensor retains the sole right to sue any Person infringing or allegedly infringing
such Licensed Property or the Trademarks. Each Licensee shall reasonably co-operate in such action
at Licensor’s expense, except such co-operation shall be at Licensee’s expense to the extent that
the Licensee or any of its agents is an alleged infringer in such action (to the extent permitted
by Law).

6. Representations and Warranties of Licensor

     Licensor represents and warrants to each Licensee, solely as of the date of this Agreement,
that (a) it is the owner of the Licensed Property and the Trademarks in the United States, (b)
Licensor has full right and authority to grant the license to the Licensed Property and the
Trademarks to Licensee granted hereunder and (c) to the knowledge of Licensor, usage of the

4

 

Licensed Property and the Trademarks as contemplated by this Agreement in the United States will
not infringe any other Person’s proprietary rights.

7. Confidentiality

     (a) Confidential Information. “Confidential Information” includes but is not limited to (1)
the Licensed Property and the information contained therein, (2) any processes, documentation,
ideas, methods, designs, know-how, trade secrets and/or any information disclosed by Licensor to
the Licensees pursuant to this Agreement; and (3) any other information or know-how which is
designated in writing to be confidential or proprietary or should reasonably be understood to be
confidential or proprietary, or if given orally, is designated at the time of disclosure as being
disclosed as confidential or proprietary or should reasonably be understood to be confidential or
proprietary. Confidential Information does not include information which (1) is in the public
domain at the time of disclosure or becomes available thereafter to the public without restriction
and not as a result of the act or omission of Licensees; (2) is rightfully obtained by a Licensee
from a third party without restriction as to disclosure; (3) is lawfully in the possession of a
Licensee at the time of disclosure and not otherwise subject to restriction on disclosure; or (4)
is approved for release by written authorization of Licensor.

     (b) Nondisclosure. Confidential Information will remain the property of the owning or
disclosing party, and the non-owning or receiving party will not be deemed by virtue of this
Agreement or any access to the disclosing party’s Confidential Information to have acquired any
license, right or interest in or to any such Confidential Information. Each party agrees: (i) to
hold the disclosing party’s Confidential Information in strict confidence; (ii) to limit disclosure
of the disclosing party’s Confidential Information to those of its personnel who are providing
services in connection with the purposes set forth in Section 1 or Persons who otherwise
have a need to know the information for the purposes of this Agreement or for the purposes set
forth in the Prospectus; (iii) not to disclose any such Confidential Information to any third
party, unless previously authorized in writing to do so by the disclosing party or if required by
applicable Law; (iv) to use the disclosing party’s Confidential Information solely and exclusively
in accordance with the terms of this Agreement in order to carry out its obligations and exercise
its rights under this Agreement; (v) to afford the disclosing party’s Confidential Information at
least the same level of protection against unauthorized disclosure or use as the non-owning or
receiving party normally uses to protect its own information of a similar character, but in no
event less than a reasonable level of protection given the nature of the Confidential Information
in question; and (vi) to notify the disclosing party promptly of any unauthorized use or disclosure
of the disclosing party’s Confidential Information and cooperate with and assist the disclosing
party in every reasonable way to stop or minimize such unauthorized use or disclosure.

     (c) Compelled Disclosure. If a party receives a subpoena or other validly issued
administrative or judicial notice requesting the disclosure of any other party’s Confidential
Information, such party will promptly notify the other applicable party and, if so requested, will
provide reasonable cooperation to the other applicable party in resisting the disclosure. Subject
to its obligations stated in the preceding sentence, the non-owning or receiving party will be
entitled to comply with any binding subpoena or other process to the extent required by law, but
will in doing so make every effort (at the expense of the party who owns the Confidential
Information) to secure confidential treatment of any materials it is compelled to disclose.

5

 

     (d) Return or Destruction of Information. Upon termination of this Agreement (either with
respect to a party or in full), and except as and to the extent required by Law, (i) the party(ies)
as to which this Agreement is being terminated shall promptly return to the other applicable
party(ies) or destroy all written or other tangible manifestations of material containing
Confidential Information of the other party(ies) (whether prepared by the other party(ies) or
otherwise) (including any documents, memoranda, notes, analyses, studies and other writings
prepared by or on behalf of such party(ies) based on the Confidential Information of the other
party(ies)) which are in the possession of the first party as to which this Agreement is being
terminated, and the first party shall certify such return or destruction in writing to the other
party, (ii) no party shall not use the Confidential Information of the other party or any part
thereof.

8. Term

     This Agreement shall come into full force and effect commencing on the date of the
establishment of the Trust and shall continue in full force and effect until the earlier of:

     (a) (i) with respect to the Trust, the date of dissolution of the Trust and (ii) with respect
to any Fund, the date of dissolution of such Fund; and

     (b) (i) with respect to the Trust, the date on which the Managing Owner ceases to be the
managing owner of the Trust and (ii) with respect to any Fund, the date on which the Managing Owner
ceases to be the managing owner of such Fund.

9. Termination

     (a) Licensor may terminate this Agreement by written notice to the applicable Licensee or a
Fund, as the case may be, (i) if such Licensee or such Fund shall fail to do any of the acts or
things by it agreed to be done at the times and in the manner provided or (ii) if such Licensee or
Fund shall do any act or thing prohibited under the terms of this Agreement, and in either case
such Licensee fails to cure such breach within 30 days of written notice from Licensor;
provided, that the termination of this Agreement with respect to one Licensee or one Fund
shall not affect the continuing effectiveness of this Agreement with respect to the other Licensee
or any other Fund.

     (b) Licensor shall have the right to terminate this Agreement by written notice to a Licensee
at any time on or after the filing by Licensee of an assignment in bankruptcy, or on or after such
Licensee is either bankrupt or insolvent or after any adjudication or application for the
reorganization, readjustment, or rearrangement of the business of such Licensee under any Law
relating to bankruptcy or insolvency, or on or after the appointment of a receiver for all or
substantially all of the property or assets of such Licensee, or on or after the making by such
Licensee of any assignment or attempted assignment for the benefit of creditors, or on or after the
institution by such Licensee of any proceedings for the winding-up of its business;
provided, that the termination of this Agreement with respect to one Licensee shall not
affect the continuing effectiveness of this Agreement with respect to the other Licensee.

     (c) Either Licensee shall have the right to terminate this Agreement, with respect to itself
(or in the case of the Trust, with respect to one or more Funds), at any time at its convenience
upon 30 days written notice to Licensor; provided, that the termination of this

6

 

Agreement with respect to one Licensee shall not affect the continuing effectiveness of this
Agreement with respect to the other Licensee or any other Fund, as the case may be.

     (d) Upon the expiration or termination of this Agreement, (i) all rights and obligations under
this Agreement of the parties or Fund as to which this Agreement is being terminated shall
immediately terminate, including the license to the Licensed Property and the Trademarks granted
hereunder pursuant to Section 1, (ii) each Licensee or Fund as to which this Agreement is
being terminated shall immediately cease all use of the Trademarks and destroy all materials
utilizing or containing the Trademarks and (iii) each Licensee or Fund as to which this Agreement
is being terminated shall not thereafter use any name or mark that is confusingly similar to the
Trademarks. Notwithstanding the foregoing, (i) Sections 5(b), 5(e), 5(g),
7, 9, 10 through 16 and 18 through 26 of this
Agreement shall survive the expiration or termination of this Agreement and (ii) expiration or
termination of this Agreement shall not relieve any party of liability for breaches of this
Agreement occurring prior to the expiration or termination hereof.

10. Indemnity

     (a) Subject to Section 11, each party (the “Indemnifying Party”) shall
indemnify, defend, and hold harmless in full the other parties and their officers, directors,
employees and agents (collectively, the “Indemnified Parties”) and hold them harmless
against any liability, deficiency, amounts paid in settlement, expense or cost (including
reasonable costs of investigation, defense and legal fees and expenses) (collectively,
“Losses”), that the Indemnified Parties may suffer, sustain or become subject to, as a
result of (i) any claim alleging that any material furnished by the Indemnifying Party to the other
parties pursuant to this Agreement misappropriates or infringes upon any patent, copyright,
trademark, trade secret or other intellectual or proprietary right in the United States of any
third-party, or (ii) any breach of, or failure to perform, any agreement or covenant of the
Indemnifying Party contained in this Agreement. In addition, if any such misappropriation or
infringement occurs, the Indemnifying Party, at its option, shall either (a) procure the right for
the Indemnified Party to continue to use the infringing material (“Infringing Material”) in
accordance with the terms hereof, or (b) replace or modify the Infringing Material so as to render
it non-infringing.

     (b) The Indemnifying Party shall have no obligation under Section 10(a) to any
Indemnified Party with respect to any claim of misappropriation or infringement of proprietary
rights based upon any Indemnified Party’s modification of the material furnished and/or the
combination of such material with data or materials not supplied by the Indemnifying Party, if such
infringement would have been avoided without such modification or if use of the materials furnished
by the Indemnifying Party independent of the data or materials supplied by the Indemnified Parties
would not have caused the infringement.

     (c) Notwithstanding anything to the contrary in this Agreement, Licensor shall have no
obligation under Section 10(a) to any Indemnified Party based on or related to any
Licensee’s use, failure to use or manner of use, of the Licensed Property, including for any claim
or demand by any third party (including any past, present or future Limited Owner) based on or
related to any Licensee’s use, failure to use or manner of use, of the Licensed Property, except in
the case of gross negligence, wilful misconduct or fraud on the part of Licensor. Each Licensee
shall indemnify, defend, and hold harmless in full Licensor and its officers, directors, employees
and

7

 

agents against any Losses that Licensor or its Indemnified Parties may suffer, sustain or
become subject to, as a result of such Licensee’s use of the Licensed Party, except in the case of
gross negligence, wilful misconduct or fraud on the part of Licensor.

     (d) To the extent that the Managing Owner in its capacity as a Licensee is responsible for
making any indemnification payments to Licensor or its Indemnified Parties pursuant to this
Section 10 in connection with the Managing Owner’s use of Licensed Property or the
Trademarks in connection with Managing Owner’s responsibilities in connection with the Trust or any
Fund, then the Trust or the applicable Fund, as the case may be, shall be responsible for making
such indemnification payments to Licensor or its Indemnified Parties on behalf of the Managing
Owner to the extent that the Trust or the applicable Fund, as the case may be, would be responsible
for indemnifying the Managing Owner or its Indemnified Parties pursuant to the Trust Agreement.

     (e) Indemnification Procedure. The Person(s) making a claim for indemnification under this
Section 10 is/are referred to herein as the “Indemnified Party” and the Person(s)
against whom such claims are asserted under this Section 10 is/are referred to herein as
the “Indemnifying Party.” All claims by an Indemnified Party shall be asserted and
resolved as follows:

     (i) In the event that (A) any claim for which an Indemnifying Party would be liable to
an Indemnified Party hereunder is asserted against or sought to be collected from such
Indemnified Party by a third party (a “Third Party Action”) or (B) any Indemnified
Party hereunder should have a claim against any Indemnifying Party hereunder which does not
involve a claim being asserted against or sought to be collected from it by a third party (a
“Direct Action”), the Indemnified Party shall with reasonable promptness notify in
writing the Indemnifying Party of such claim, specifying, to the extent then known to the
Indemnified Party, the basis on which the claim for indemnification is made, the facts
giving rise to or the alleged basis of the claim, and the amount (which may be estimated) of
claim liability (a “Claim Notice”), together with a copy of the document (if any) by
or in which the Third Party Action is commenced or asserted; provided, that any
failure to give such notice shall not constitute a waiver of any rights of the Indemnified
Party except to the extent the rights of the Indemnifying Party are actually prejudiced as
result of such delay or lack of detail.

     (ii) Within thirty (30) days after receipt of a Claim Notice, the Indemnifying Party
may (A) by giving written notice thereof to the Indemnified Party, elect to assume the
defense of such Third Party Action at its sole cost and expense or (B) object to the claim
for indemnification set forth in the Claim Notice. The Indemnifying Party shall have the
right to assume control of the defense of or settle or otherwise dispose of such Third Party
Action on such terms as the Indemnifying Party deems appropriate; provided,
however, that (x) the Indemnified Party shall be entitled, at its own expense (which
such expense shall not be deemed to be a Loss), and without unreasonable interference with
the actions of the Indemnifying Party, to participate in the defense of Third Party Actions,
(y) the Indemnified Party shall not have the right to assume control of a Third Party Action
if the Indemnified Party shall have been advised by counsel that, under applicable standards
of professional responsibility, a conflict will arise in the event both the

8

 

Indemnified Party and the Indemnified Party are represented by the same counsel with
respect to the Third Party Action, in which case such Indemnified Party shall have the right
to be represented by separate counsel with respect to the matters to which the conflict
pertains, and all Losses in connection therewith shall be reimbursed by the Indemnifying
Party from time to time upon demand of the Indemnified Party; and (z) the Indemnifying Party
shall obtain the prior written consent of the Indemnified Party before entering into any
settlement, compromise, admission or any acknowledgment of the validity of a Third Party
Action or any liability in respect thereof, which consent shall not be unreasonably
withheld; provided, that the Indemnifying Party shall not consent to the entry of
any judgment or enter into any settlement that does not include a complete release of all
claims against each Indemnified Party in respect of such Third Party Action and any related
facts, circumstances or occurrences; and provided, further, that no consent
of the Indemnified Party shall be necessary if the settlement, compromise, admission or any
acknowledgment involves solely the payment of monetary damages that are paid by the
Indemnifying Party.

     (iii) Unless the Indemnifying Party objects in writing to a Direct Claim within thirty
(30) days after receipt of the Claim Notice, such Direct Claim shall be conclusively deemed
to be a liability of the Indemnifying Party.

     (iv) In the event that a Person seeks indemnification in a Third Party Action covering
both matters for which indemnification is and is not covered hereunder, such Person shall be
indemnified only for the Losses covered hereunder.

     (v) None of the indemnifications contained in this Agreement shall be applicable with
respect to default judgments, confessions of judgment or settlements entered into by a
Person claiming indemnification without the prior written consent of the Indemnifying Party.

     (vi) This Section 10 (A) shall survive the termination of this Agreement and
(B) sets forth Licensor’s complete liability with respect to infringement or intellectual
property rights.

11. Limitation on Liability

     EXCEPT IN THE CASE OF GROSS NEGLIGENCE, WILFUL MISCONDUCT OR FRAUD ON THE PART OF LICENSOR, IN
NO EVENT SHALL LICENSOR BE LIABLE FOR ANY SPECIAL, INCIDENTAL, PUNITIVE, EXEMPLARY, CONSEQUENTIAL
OR TORT DAMAGES, INCLUDING WITHOUT LIMITATION ANY DAMAGES RESULTING FROM LOSS OF PROFITS OR LOSS
OF BUSINESS ARISING OUT OF OR IN CONNECTION WITH ANY LICENSED PROPERTY FURNISHED BY LICENSOR,
REGARDLESS OF WHETHER ANY SUCH LOSS OF DAMAGE ARISES FROM BREACH OF CONTRACT, BREACH OF WARRANTY,
TORT, OR OTHERWISE AND EVEN IF THE OTHER PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES OR SUCH DAMAGE IS FORESEEABLE.

9

 

     EXCEPT IN THE CASE OF A THIRD PARTY ACTION, IN NO EVENT SHALL THE LIABILITY OF LICENSOR FOR
DAMAGES ARISING FROM OR IN CONNECTION WITH THIS AGREEMENT EXCEED THE AMOUNT PAID BY THE TRUST TO
THE MANAGING OWNER PURSUANT TO THE MANAGEMENT AND OPERATING FEE WITHIN THE PAST TWELVE MONTHS.

12. No Waiver/Modification

     (a) No failure or delay on the part of a party to exercise its right of termination or
cancellation nor any default by a party shall be construed to prejudice any other party’s right of
termination or cancellation for default or for any other subsequent defaults.

     (b) No waiver, alteration, modification or cancellation of any of the provisions of this
Agreement shall be binding upon any party unless made in writing and signed by an authorized
representative of such party. No course of dealing between the parties shall be deemed effective
to modify or amend any part of this Agreement or any rights or obligations of any party under or by
reason of this Agreement.

13. Notices

     Any notices and communications required or permitted under this Agreement shall be in writing
and delivered to the parties’ addresses below.

To Licensor:

Brookshire Raw Materials Group Inc.

219 Dufferin Street, Suite 300A

Toronto, Ontario M6K 1Y9

Fax: 416-536-5833

To the Managing Owner:

Brookshire Raw Material Management, LLC

1000 Hart Road

Suite 210

Barrington, IL 60010

Fax: 416-536-5833

To the Trust:

Brookshire Raw Materials (U.S.) Trust

1000 Hart Road

Suite 210

Barrington, IL 60010

Fax: 416-536-5833

All notices, demands and other communications required to be given or delivered under this
Agreement shall be in writing and will be deemed to have been given (a) when personally delivered,
(b) when receipt is electronically confirmed, if sent by facsimile, telecopy or other electronic
transmission device; provided, however, that if receipt is confirmed after normal

10

 

business hours of the recipient, notice shall be deemed to have been given on the next business
day; and provided, further, that if notice is given by email or other electronic
transmission device, the sending party shall also simultaneously send a printed copy of such email
or other electronic transmission via nationally recognized overnight courier, specifying next day
delivery, (c) one (1) business day after deposit with a nationally recognized overnight courier,
specifying next day delivery or (d) three (3) business days after being sent by registered or
certified mail.

14. Binding Agreement; Succession and Assignment

     (a) This Agreement shall inure solely to the benefit of, and shall be binding upon, the Funds,
the Trust, Licensor and Licensees (and solely with respect to indemnification or contribution,
those persons and entities referred to in Section 10 who are entitled to indemnification or
contribution), and their respective successors, and assigns, and no other Person (include any
Limited Owner) shall have or be construed to have any legal or equitable right, remedy, or claim
under or in respect of or by virtue of this Agreement or any provision herein contained.

     (b) This Agreement may not be assigned, novated or otherwise transferred by operation of law
or otherwise by any Licensee without the prior written consent of Licensor.

15. Entire Agreement

     (a) This Agreement constitutes the entire agreement between the parties with respect to the
subject matter hereof and thereof, and supersede all prior agreements and understandings, whether
written or oral, between the parties relating to the subject matter hereof and thereof.

     (b) The making, execution and delivery of this Agreement by Licensee have been induced by no
representations, statements, warranties or agreement other than those expressed in this Agreement.

16. Laws and Jurisdiction

     This agreement shall be construed in accordance with the laws of the province of Ontario and
the laws of Canada applicable therein, and the parties irrevocably attorn to the exclusive
jurisdiction of the courts of Ontario with respect to disputes arising under this Agreement or
relating to the interpretation, breach of termination hereof; provided, that any party may
bring an action to enforce its rights pursuant to Section 19 whereever jurisdiction may be
found.

17. Force Majuere

     Neither Party shall be liable for any delays in the performance of any of its obligations
hereunder due to causes beyond its reasonable control, including, but not limited to, acts of
terrorism, fire, earthquake, flood, acts of God, war, riots, insurrection, sabotage, acts of any
civil or military authority, communication or utility failures, judicial action or order of a
governmental entity, changes in the law, strikes, unavailability or shortages of labor, materials
or equipment, failure or delay in delivery by suppliers or delays in transportation.

11

 

18. Several Obligations

     (a) The parties acknowledge that obligations of the Funds hereunder are several and not joint,
that no Fund shall be liable for any amount owing by another Fund and that the Funds have executed
one instrument for convenience only.

     (b) No Licensee shall be responsible to the other Licensee or its shareholders or Limited
Owners for the performance of the liabilities or obligations hereunder of the first Licensee or the
breach of or termination of this Agreement by the first Licensee.

19. Remedies and Injunctive Relief

     Each Licensee acknowledges and agrees that a violation by it of any of the covenants contained
in Sections 1, 3, 4, 5 and/or 7 would cause irreparable
damage to Licensor in an amount that would be material but not readily ascertainable, and that any
remedy at law (including the payment of damages) would be inadequate. Accordingly, the parties
agree that, notwithstanding any provision of this Agreement to the contrary, Licensor shall be
entitled (without the necessity of showing economic loss or other actual damage) to injunctive
relief (including temporary restraining orders, preliminary injunctions and/or permanent
injunctions) in any court of competent jurisdiction for any actual or threatened breach of any of
the covenants set forth in Sections 1, 3, 4, 5 and/or 7 in
addition to any other legal or equitable remedies it may have. The preceding sentence shall not be
construed as a waiver of the rights that Licensor may have for damages under this Agreement or
otherwise. No remedy conferred upon or reserved to Licensor in this Section 19 is intended
to be exclusive of any other remedy and every remedy in this Section 19 shall be cumulative
and in addition to every other remedy in this Agreement or now or hereafter existing at law, in
equity or by statute.

20. Expenses

     Each party shall be responsible for all expenses incurred by it in connection with or related
to the authorization, preparation, negotiation, execution and performance of this Agreement.

21. Severability

     Whenever possible, each provision of this Agreement shall be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement is held to be
prohibited by or invalid under applicable Law, such provision shall be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of such provision or
the remaining provisions of this Agreement. In addition, if any provision of this Agreement, for
any reason, is declared to be unenforceable, the parties will substitute an enforceable provision
that, to the maximum extent possible in accordance with applicable Law, preserves the original
intentions and economic positions of the parties.

22. Counterparts

     This Agreement may be executed in as many counterparts as may be convenient or required, and a
counterpart hereof, all of which shall collectively constitute a single agreement.

12

 

23. No Strict Construction

     The language used in this Agreement shall be deemed to be the language chosen by the parties
to express their mutual intent, and no rule of strict construction shall be applied against any
party.

24. Captions

     Section and paragraph captions contained in this Agreement are inserted only as a matter of
convenience and for reference and in no way define, limit, or extend or describe the scope of this
Agreement or the intent of any provision hereof.

25. Limitation of Limited Owner Liability

     This Agreement has been made and executed by and on behalf of the Funds, Licensors and
Licensee. The obligations of the parties set forth herein are not binding upon any of the Limited
Owners individually but are binding only upon the assets and property identified herein. No resort
shall be had to the assets of other Funds or the Limited Owners’ assets or personal property, for
the satisfaction of any obligation or claim hereunder.

26. Subordination of Certain Claims and Rights

     Licensor agrees and consents (the “Consent”) to look solely to the applicable Fund (the
“Contracting Fund”) and its assets (the “Contracting Fund Assets”) for payment. The Contracting
Fund Assets include only those funds and other assets that are paid, held or distributed to the
Trust on account of and for the benefit of the Contracting Fund, including, without limitation,
funds delivered to the Trust for the purchase of Units in a Fund. In furtherance of the Consent,
Licensor agrees that any debts, liabilities, obligations, indebtedness, expenses and claims of any
nature and of all kinds and descriptions (collectively, “Claims”) incurred, contracted for or
otherwise existing arising from, related to or in connection with the Trust and its assets and the
Contracting Fund and the Contracting Fund Assets, shall be subject to the following limitations:

     (a) Except as set forth below, the Claims, if any, of Licensor (the “Subordinated Claims”)
incurred, contracted for or otherwise existing, arising from, related to or in connection with the
Contracting Fund and the Contracting Fund Assets and the assets of the Trust shall be expressly
subordinate and junior in right of payment to any and all other Claims against the Trust and the
Contracting Fund and any of their respective assets which may arise as a matter of Law or pursuant
to any Contract; provided, however, that bona fide Claims of Licensor, if any, against the
Contracting Fund shall be pari passu and equal in right of repayment and distribution with all
other bona fide Claims against the Contracting Fund;

     (b) Licensor will not take, demand or receive from any Fund or the Trust or any of their
respective assets (other than the Contracting Fund or its assets) any payment for the Subordinated
Claims, except in accordance with this Section 26;

     (c) Subject to this Section 26, the Claims of Licensor with respect to the Contracting
Fund shall only be asserted and enforceable against the Contracting Fund’s assets and the

13

 

Managing
Owner and its assets, and shall not be asserted or enforceable for any reason whatsoever against
the assets of any other Fund or the Trust generally;

     (d) If the Claims of Licensor against the Contracting Fund or the Trust are secured in whole
or in part, Licensor hereby waives (under section 1111(b) of the Bankruptcy Code (11 U.S.C. §
1111(b)) any right to have any deficiency Claims (which deficiency Claims may arise in the event
such security is inadequate to satisfy such Claims) treated as unsecured Claims against the Trust
or any other Fund, as the case may be;

     (e) In furtherance of the foregoing, if and to the extent that Licensor receives monies in
connection with the Subordinated Claims from a Fund or the Trust (or their respective assets) other
than the Contracting Fund or the Managing Owner and their respective assets and except as permitted
by this Section 26, the Licensor shall be deemed to hold such monies in trust and shall
promptly remit such monies to the Fund or the Trust that paid such amounts for distribution by such
Fund or the Trust in accordance with the terms hereof; and

     (f) The provisions of this Section 26 shall apply at all times notwithstanding that
the Claims are satisfied, and notwithstanding that the agreements in respect of such Claims are
terminated, rescinded or canceled.

[Remainder of page intentionally blank]

14

 

IN WITNESS WHEREOF the parties have set their hands and seals this date above-written.
[Brookshire: Is it necessary as a Canadian law matter that this be sealed? If not, given that this
will be filed with the SEC as an exhibit to the S-1, it would be preferable to remove the reference
to sealing.]

SIGNED, SEALED AND DELIVERED

	 	 	 	 	 	 	 	 	 	 	 
	BROOKSHIRE RAW MATERIALS
GROUP INC., (Licensor)	 	 	 	BROOKSHIRE RAW MATERIALS
(U.S.) Trust (Licensee)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	per:

	 	 	 	 	 	per:	 	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 	 

 

 

Schedule 1(a)

	 	 	 
	Fund	 	Licensed Property
	Core USD Fund

	 	BrookshireTM
International Raw Materials Index,
any trading methodologies related to
such index and any other
intellectual property related to the
foregoing
	 
	 	 
	Core CDN Fund

	 	BrookshireTM
International Raw Materials Index,
any trading methodologies related to
such index and any other
intellectual property related to the
foregoing
	 
	 	 
	Agriculture USD Fund

	 	BrookshireTM
International Raw Materials
Sub-Index Agriculture, any trading
methodologies related to such index
and any other intellectual property
related to the foregoing
	 
	 	 
	Agriculture CDN Fund

	 	BrookshireTM
International Raw Materials
Sub-Index Agriculture, any trading
methodologies related to such index
and any other intellectual property
related to the foregoing
	 
	 	 
	Metals USD Fund

	 	BrookshireTM
International Raw Materials
Sub-Index Metals, any trading
methodologies related to such index
and any other intellectual property
related to the foregoing
	 
	 	 
	Metals USD Fund

	 	BrookshireTM
International Raw Materials
Sub-Index Metals, any trading
methodologies related to such index
and any other intellectual property
related to the foregoing
	 
	 	 
	Metals CDN Fund

	 	BrookshireTM
International Raw Materials
Sub-Index Metals, any trading
methodologies related to such index
and any other intellectual property
related to the foregoing
	 
	 	 
	Energy USD Fund

	 	BrookshireTM
International Raw Materials
Sub-Index Energy, any trading
methodologies related to such index
and any other intellectual property
related to the foregoing
	 
	 	 
	Energy CDN Fund

	 	BrookshireTM
International Raw Materials
Sub-Index Energy, any trading
methodologies related to such index
and any other intellectual property
related to the foregoing
	 
	 	 
	Accelerated Core USD Fund

	 	BrookshireTM
International Raw Materials
Sub-Index Accelerated, any trading
methodologies related to such index
and any other intellectual property
related to the foregoing
	 
	 	 
	Accelerated Core CDN Fund

	 	BrookshireTM
International Raw Materials
Sub-Index Accelerated, any trading
methodologies related to such index
and any other intellectual property
related to the foregoing

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