<SEC-DOCUMENT>0001171200-20-000192.txt : 20200330
<SEC-HEADER>0001171200-20-000192.hdr.sgml : 20200330
<ACCEPTANCE-DATETIME>20200330083229
ACCESSION NUMBER:		0001171200-20-000192
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20200330
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200330
DATE AS OF CHANGE:		20200330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United States Natural Gas Fund, LP
		CENTRAL INDEX KEY:			0001376227
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				205576760
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33096
		FILM NUMBER:		20754200

	BUSINESS ADDRESS:	
		STREET 1:		1850 MT. DIABLO BLVD.
		STREET 2:		SUITE 640
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596
		BUSINESS PHONE:		510-522-9600

	MAIL ADDRESS:	
		STREET 1:		1850 MT. DIABLO BLVD.
		STREET 2:		SUITE 640
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	United States Gas Fund LP
		DATE OF NAME CHANGE:	20060922
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>i20182_ung-8k.htm
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<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>UNITED STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Washington,
DC 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>FORM 8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>CURRENT REPORT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">Date of Report
(Date of earliest event reported): <B>March 30, 2020</B><BR>
<BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>UNITED STATES
NATURAL GAS FUND, LP</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-size: 10pt">(Exact
name of registrant as specified in its charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 26%; font-weight: bold; text-align: center">Delaware</TD>
    <TD NOWRAP STYLE="width: 28%; font-weight: bold; text-align: center"><P STYLE="margin: 0">001-33096</P>


</TD>
    <TD NOWRAP STYLE="width: 26%; font-weight: bold; text-align: center"><P STYLE="margin: 0">20-5576760</P>


</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">(State or other jurisdiction</TD>
    <TD NOWRAP STYLE="text-align: center">(Commission File Number)</TD>
    <TD NOWRAP STYLE="text-align: center">(I.R.S. Employer</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-align: center">of incorporation)</TD>
    <TD NOWRAP STYLE="text-align: center"></TD>
    <TD NOWRAP STYLE="text-align: center">Identification No.)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>1850 Mt. Diablo
Boulevard, Suite 640 </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Walnut Creek,
California 94596</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">(Address of principal executive offices) (Zip
Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>(510)
522-9600</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">Registrant's
telephone number,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">including
area code</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Not Applicable</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-size: 10pt">(Former
name or former address, if changed since last report)<BR>
<BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (<U>see</U> General Instruction A.2. below):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Wingdings">o</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT><FONT STYLE="font-size: 10pt"><BR>
<BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Wingdings">o</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT><FONT STYLE="font-size: 10pt"><BR>
<BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Wingdings">o</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT><FONT STYLE="font-size: 10pt"><BR>
<BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Wingdings">o</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif">
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT><FONT STYLE="font-size: 10pt"><BR>
<BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Indicate by
check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Emerging
growth company </FONT><FONT STYLE="font: 10pt Wingdings">o</FONT><FONT STYLE="font-size: 10pt"><BR><BR></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Wingdings">o</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Securities registered
pursuant to Section 12(b) of the Act:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="width: 32%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 2.15pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Title
    of each class:</B></FONT></TD>
    <TD NOWRAP STYLE="width: 2%; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 32%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Trading
    Symbol(s)</B></FONT></TD>
    <TD NOWRAP STYLE="width: 2%; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 32%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Name
    of each exchange on which registered:</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="padding-left: 2.15pt; text-align: center; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin: 0">Shares of United States Natural Gas Fund, LP</P>


</TD>
    <TD NOWRAP STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin: 0">UNG</P>


</TD>
    <TD NOWRAP STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">NYSE
    Arca, Inc.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">United States Commodity Funds, LLC ( &ldquo;USCF&rdquo;),
is the general partner of six limited partnerships (together the &ldquo;Limited Partnerships&rdquo;): (1) the United States Natural
Gas Fund, LP (the &ldquo;Registrant&rdquo;), (2) United States Oil Fund, LP, (3) the United States Brent Oil Fund, LP, (4) the
United States Gasoline Fund, LP, (5) the Unites States 12 Month Oil Fund, LP, and (6) the United States 12 Month Natural Gas Fund,
LP. USCF also is the sponsor of the United States Commodity Index Funds Trust (the &ldquo;Trust&rdquo;), a Delaware statutory trust,
and each of its series: the United States Commodity Index Fund (&ldquo;USCI&rdquo;) and the United States Copper Index Fund (&ldquo;CPER&rdquo;
and USCI, and each of the Limited Partnerships are referred to each as a &ldquo;Fund&rdquo; and collectively as the &ldquo;Funds&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">USCF has engaged The Bank of New York Mellon, a New York corporation
authorized to do a banking business (&ldquo;BNY Mellon&rdquo;), to provide the Trust and the Funds with certain custodial, administrative
and accounting, and transfer agency services, pursuant to the following agreements with BNY Mellon (together, the &ldquo;BNY Mellon
Agreements&rdquo;), which will be effective on or about April 1, 2020: (i) a Custody Agreement; (ii) a Fund Administration and
Accounting Agreement; and (iii) a Transfer Agency and Service Agreement, forms of which have been filed as exhibits hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">There is no guarantee the transition to BNY Mellon will not
be delayed to effect an orderly transition from the Trust and Funds&rsquo; current custodian, administrator and transfer agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">The foregoing description is a summary, does not purport to
be a complete description of the BNY Mellon Agreements, and is qualified in its entirety by reference to the BNY Mellon Agreements,
forms of which are filed as Exhibits 10.1, 10.2, and 10.3 hereto and are incorporated by reference herein.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Item 1.02 Termination of a Material Definitive Agreement.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">USCF and the Registrant, and Brown
Brothers Harriman and Co., a limited partnership organized under the laws of the State of New York (&ldquo;BBH&rdquo;),
entered into (1) a Custodian Agreement dated as of March 5, 2007, as amended from time to time (the &ldquo;BBH Custodian
Agreement&rdquo;), pursuant to which BBH provides certain custodial services for the Registrant, and (2) an Administrative
Agency Services Agreement made as of March 5, 2007, as amended from time to time (the &ldquo;BBH Administrative Agency
Agreement&rdquo;, and together with the Custodian Agreement, the &ldquo;BBH Agreements&rdquo;), pursuant to which BBH
provides certain administrative and transfer agency services to the Registrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">USCF and the Registrant have provided BBH with notice of their
intent to terminate the BBH Agreements. Pursuant to such notices, the BBH Custodian Agreement is scheduled to terminate as of March
30, 2020 and the BBH Administrative Agency Agreement is scheduled to terminate on May 31, 2020 to allow for certain reporting and
other services to continue in connection with the transition to BNY Mellon. There is no guarantee that the respective termination
dates will not be delayed to effect an orderly transition of services from BBH to a successor service provider. There are no termination
penalties to be incurred by the USCF or the Registrant or BBH in connection with the termination of the BBH Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">The foregoing description is a summary, does not purport to
be a complete description of the BBH Agreements, and is qualified in its entirety by reference to the BBH Agreements, forms of
which were filed as Exhibits 10.8, 10.9, 10.10, 10.11, 10.12 and 10.13 to the Registrant&rsquo;s Annual Report on Form 10-K for
the year ended December 31, 2019, filed on March 13, 2020 and are incorporated by reference herein.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Item 9.01 Financial Statements
and Exhibits</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">(d) Exhibits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1pt solid"><B>Exhibit<BR>
        No.</B></P></TD>
    <TD STYLE="padding-bottom: 10pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; border-bottom: black 1pt solid"><B>Description</B></P></TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 10pt; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">10.1</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><A HREF="i20180_ex10-1.htm">Form of Transfer Agency and Service Agreement</A></FONT></TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 10pt; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">10.2</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><A HREF="i20180_ex10-2.htm">Form of Custody Agreement</A></FONT></TD></TR>
<TR>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-bottom: 10pt; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">10.3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 10pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-bottom: 10pt; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><A HREF="i20180_ex10-3.htm">Form of Fund Administration and Accounting Agreement</A></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">This communication contains forward-looking statements within
the meaning of Section&nbsp;27A of the Securities Act of 1933 and Section&nbsp;21E of the Securities Exchange Act of 1934 that
are subject to risks and uncertainties, including, without limitation, statements regarding USCF&rsquo;s and the Registrant&rsquo;s
expectations regarding the completion of the transition, by April 1, 2020, from BBH to BNY Mellon as contemplated by the BNY Mellon
Agreements and the termination of the BBH Agreements. Statements containing words such as &ldquo;may,&rdquo; &ldquo;will,&rdquo;
&ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;intend,&rdquo; &ldquo;plan,&rdquo; &ldquo;project,&rdquo;
&ldquo;should,&rdquo; &ldquo;estimate,&rdquo; &ldquo;seek&rdquo; or any negative or other variations on such expression constitute
forward-looking statements. These forward-looking statements are based on information currently available to USCF and are subject
to a number of risks, uncertainties and other factors, both known and unknown, that could cause the actual results, performance,
prospects or opportunities of the Trust and the Funds to differ materially from those expressed in, or implied by, these forward-looking
statements.</P>



<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;<B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>SIGNATURES
</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">UNITED
    STATES NATURAL GAS FUND, LP</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT></TD>
    <TD NOWRAP STYLE="width: 46%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">United
    States Commodity Funds LLC, its general partner</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT></TD>
    <TD ROWSPAN="2" NOWRAP STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/
    Stuart Crumbaugh<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date:&nbsp;&nbsp;March
    30, 2020</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Name:</FONT>&nbsp;</TD>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Stuart Crumbaugh</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title:</FONT></TD>
    <TD NOWRAP STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief Financial
    Officer</FONT></TD></TR>
</TABLE>

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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>i20180_ex10-1.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: right"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="width: 50%">&nbsp;<IMG SRC="i20180001.jpg" ALT=""></TD>
    <TD STYLE="text-align: right; width: 50%; vertical-align: top"><B><U>Exhibit
10.1</U></B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>


<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center">TRANSFER
AGENCY AND SERVICE AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">THIS AGREEMENT is
made as of the 20 day of March, 2020 (the &ldquo;Effective Date&rdquo;), by and between United States Commodity Funds, LLC (&ldquo;USCF&rdquo;),
each Trust (hereinafter each a &ldquo;Trust&rdquo;, and collectively the &ldquo;Trusts&rdquo; as applicable) and each Limited Partnership
(hereinafter each a &ldquo;Limited Partnership&rdquo;, and collectively the &ldquo;Limited Partnerships&rdquo; as applicable),
in each case listed on Appendix A hereto (as such Appendix be amended from time to time) and THE BANK OF NEW YORK MELLON, a New
York corporation authorized to do a banking business having its principal office and place of business at 240 Greenwich Street,
New York, New York 10286 (the &ldquo;Bank&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS, USCF is
the sponsor of each Trust and each series thereof (each a &ldquo;Series&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS, USCF is
the general partner of each Limited Partnership (each such Limited Partnership and each Series is referred to herein individually
as a &ldquo;Fund&rdquo; and collectively, as the &ldquo;Funds&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS, each Trust
and Limited Partnership, as applicable, will ordinarily issue for purchase and redemption shares of each Series or Limited Partnership,
as applicable (the &ldquo;Shares) only in aggregations of Shares known as &ldquo;Creation Units&rdquo; (currently, 100,000 or 50,000
shares, depending on the Fund) (each a &ldquo;Creation Unit&rdquo;), either in kind or for cash;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS, The Depository
Trust Company, a limited purpose trust company organized under the laws of the State of New York (&ldquo;DTC&rdquo;), or its nominee
(Cede &amp; Co.), will be the registered owner (the &ldquo;Shareholder&rdquo;) of all Shares; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS, USCF, each
Trust and each Fund desires to appoint the Bank as its transfer agent, dividend disbursing agent, and agent in connection with
certain other activities, and the Bank desires to accept such appointment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">NOW, THEREFORE,
in consideration of the mutual covenants herein contained, the parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Terms of Appointment; Duties of the Bank</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">1.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to the terms and conditions set forth in this Agreement, USCF, each Trust and each Fund hereby employs and appoints
the Bank to act as, and the Bank agrees to act as, its transfer agent for the authorized and issued Shares, and as the dividend
disbursing agent for each Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">1.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Pursuant to such appointment, the Bank agrees that it will perform the following services:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In accordance with the terms and conditions of this Agreement and the Authorized Participant Agreements entered into by
each Trust and each Limited Partnership with respect to the Authorized Participants for each Trust or Limited Partnership (each,
a &ldquo;Participant Agreement&rdquo;), as applicable, and each such form is filed with the most recent Annual Report on Form 10-K
for each Trust and each Limited Partnership, as applicable, the Bank shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Perform and facilitate the performance of purchases and redemption of Creation Units for each Fund;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prepare and transmit by means of DTC&rsquo;s book-entry system payments for dividends and distributions on or with respect
to the Shares declared by or on behalf of each Fund;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Maintain the record of the name and address of the Shareholder and the number of Shares issued by each Fund and held by
the Shareholder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Record the issuance of Shares of each Fund and maintain a record of the total number of Shares of each Fund which are outstanding,
and, based upon data provided to it by or on behalf of each Fund, the total number of authorized Shares. The Bank shall have no
obligation, when recording the issuance of Shares, to monitor the issuance of such Shares or to take cognizance of any laws relating
to the issue or sale of such Shares, which functions shall be the sole responsibility of the applicable Funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prepare and transmit to each Fund and the Fund&rsquo;s administrator and to any applicable securities exchange (as specified
to the Bank by or on behalf of each Fund or its administrator) information with respect to purchases and redemptions of Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>On days that each Fund may accept orders for purchases or redemptions, calculate and transmit to the marketing agent for
each Fund (the &ldquo;Distributor&rdquo;) and the Fund&rsquo;s administrator the number of outstanding Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>On days that each Fund may accept orders for purchases or redemptions (pursuant to its Participant Agreements), transmit
to the Bank, the Fund and DTC the amount of Shares purchased on such day;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(viii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Confirm to DTC the number of Shares issued to the Shareholder, as DTC may reasonably request;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(ix)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prepare and deliver other reports, information and documents to DTC as DTC may reasonably request;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Extend the voting rights to the Shareholder for extension by DTC to DTC participants and the beneficial owners of Shares
in accordance with policies and procedures of DTC for book-entry only securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(xi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Distribute or maintain, as directed by or on behalf of each Fund, amounts related to purchases and redemptions of Creation
Units, dividends and distributions, variation margin on derivative securities and collateral;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(xii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Maintain those books and records of each Fund specified by or on behalf of each Fund in Schedule A attached hereto;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(xiii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>For each Fund, prepare a monthly report of all purchases and redemptions of Shares during such month on a gross transaction
basis, and identify on a daily basis the net number of Shares either redeemed or purchased on such Business&nbsp;Day and with respect
to each Authorized Participant purchasing or redeeming Shares, the amount of Shares purchased or redeemed;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(xiv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Receive from the Distributor or from its agent purchase orders from Authorized Participants (as defined in the Participant
Agreements) for Creation Unit Aggregations of Shares received in good form and accepted by or on behalf of each Fund by the Distributor,
transmit appropriate trade instructions to the National Securities Clearance Corporation, if applicable, and pursuant to such orders
issue the appropriate number of Shares of the Funds and hold such Shares in the account of the Shareholder for each of the respective
Funds;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(xv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Receive from the Authorized Participants redemption requests, deliver the appropriate documentation thereof to The Bank
of New York as custodian for each Fund, generate and transmit or cause to be generated and transmitted confirmation of receipt
of such redemption requests to the Authorized Participants submitting the same; transmit appropriate trade instructions to the
National Securities Clearance Corporation, if applicable, and redeem the appropriate number of Creation Unit Aggregations of Shares
of each Fund held in the account of the Shareholder; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(xvi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Confirm the name, U.S taxpayer identification number and principle place of business of each Authorized Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(xvii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank may execute transactions directly with Authorized Participants to the extent necessary or appropriate to enable
the Bank to carry out any of the duties set forth in items (i) through (xvi) above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(xviii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as otherwise instructed by or on behalf of each Fund, the Bank shall process all transactions in each Fund in accordance
with the policies and procedures mutually agreed upon between USCF, each Fund and the Bank with respect to the proper net asset
value to be applied to purchases received in good order by the Bank or from an Authorized Participant before any cut-offs established
by each Fund, and such other matters set forth in items (i) through (xvii) above as these policies and procedures are intended
to address.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank may maintain and manage, as agent for each Fund, such accounts as the Bank shall deem necessary for the performance
of its duties under this Agreement, including, but not limited to, the processing of Creation Unit purchases and redemptions; and
the payment of dividends and distributions. The Bank may maintain such accounts at financial institutions deemed appropriate by
the Bank in accordance with applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In addition to the services set forth in the above sub-section 1.2(a), the Bank shall: perform the customary services of
a transfer agent and dividend disbursing agent including, but not limited to, maintaining the account of the Shareholder, maintaining
the items set forth on Schedule A attached hereto, and performing such services identified in each Participant Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The following shall be delivered to DTC participants as identified by DTC as the Shareholder for book-entry only securities:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Annual and quarterly reports of each Limited Partnership or Trust, as applicable ;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Fund proxies, proxy statements and other proxy soliciting materials;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Fund prospectus and amendments and supplements thereto, including stickers; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Other communications as USCF or the Funds may from time to time identify as required by law or as the Fund may reasonably
request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank shall provide additional services, if any, as may be agreed upon in writing by USCF, the Trusts, each Fund and
the&nbsp;Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank shall keep records relating to the services to be performed hereunder, in the form and manner to the extent required
by Section 31 of the Investment Company Act of 1940 and the rules thereunder (the &ldquo;Rules&rdquo;) as if each Trust and each
Fund was subject to such Rules, and in accordance with Commodity Futures Trading Commission (&ldquo;CFTC&rdquo;) Regulation 1.31
and all such books and records shall be the property of each Trust and each Fund, and will be preserved, maintained and made available
in accordance with such Section and Rules, and will be surrendered promptly to each Trust and each Fund on and in accordance with
its request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Fees and Expenses</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">2.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank shall receive from USCF and/or each Fund such compensation for the Transfer Agent&rsquo;s services provided pursuant
to this Agreement as may be agreed to from time to time in a written fee schedule approved by the parties. The fees are accrued
daily and billed monthly and shall be due and payable upon receipt of the invoice. Upon the termination of this Agreement before
the end of any month, the fee for the part of the month before such termination shall be prorated according to the proportion which
such part bears to the full monthly period and shall be payable upon the date of termination of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">2.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In addition to the fee paid under Section 2.1 above, USCF and/or each Fund to reimburse the Bank for reasonable out-of-pocket
expenses, including but not limited to confirmation production, postage, forms, telephone, microfilm, microfiche, tabulating proxies,
records storage, or advances incurred by the Bank for the items set out in the fee schedule or relating to dividend distributions
and reports (whereas all expenses related to creations and redemptions of Fund securities shall be borne by the relevant Authorized
Participant in such creations and redemptions). In addition, any other expenses incurred by the Bank at the request or with the
consent of each Fund, will be reimbursed by such Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">2.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>USCF and/or each Fund agrees to pay all fees and reimbursable expenses within thirty (30) calendar days following the receipt
of the respective billing notice accompanied by supporting documentation, as appropriate. Postage for mailing of dividends, proxies,
reports and other mailings to all shareholder accounts shall be advanced to the Bank by or on behalf of a Fund at least five (5)
calendar days prior to the mailing date of such materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">2.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>USCF and/or each Fund hereby represents and warrants to the Bank that (i) the terms of this Agreement, (ii) the fees and
expenses associated with this Agreement, and (iii) any benefits accruing to the Bank or to the adviser to, or sponsor of, the Funds
in connection with this Agreement, including, but not limited to, any fee waivers, reimbursements, or payments made, or to be made,
by the Bank to such adviser or sponsor or to any affiliate of USCF and/or each Fund relating to this Agreement have been disclosed
to the Board of Directors of USCF and that, if required by applicable law, such Board of Directors has approved or will approve
the terms of this Agreement, and any such fees, expenses, and benefits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Representations and Warranties of the Bank</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">3.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank represents and warrants to USCF, each Trust and each Fund that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is a banking company duly organized and existing and in good standing under the laws of the State of New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is duly qualified to carry on its business in the State of New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is empowered under applicable laws and by its Charter and By-Laws to act as transfer agent and dividend disbursing agent
and to enter into, and perform its obligations under, this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is conducting its business in material compliance with all applicable laws and requirements, both state and federal,
including the Securities Exchange Act of 1934 applicable to it by virtue of the services provided pursuant to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All requisite corporate proceedings have been taken to authorize it to enter into and perform this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It has and will continue to have access to the necessary facilities, equipment and personnel to perform its duties and obligations
under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>has adopted and implemented written policies and procedures reasonably designed to comply with Rule 38a-1 under the 1940
Act; it will review the adequacy of such policies and procedures and will, on a quarterly basis, provide an attestation to each
Trust and each Fund as to whether there have been any material changes to such policies and procedures; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> It covenants that there shall remain throughout the term of this Agreement, in full force and effect (i) professional indemnity
insurance, which is &nbsp;errors and omissions insurance, and (ii) errors and omissions insurance, protecting Bank against liability
or loss for a breach of fiduciary responsibility, and the coverage limitations of such policy equal or exceed $10 million in the
aggregate annually, and Bank agrees that it will not materially reduce any of such coverages while this Agreement is in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Representations and Warranties of USCF, each Trust and each Fund</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">4.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of USCF, each Trust and each Fund represents and warrants to the Bank that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is duly organized and existing and in good standing under the laws of Delaware.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is empowered under applicable laws and by its organizational documents to enter into and perform this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>With respect to each Fund, there will be an effective registration statement under the Securities Act of 1933, as amended,
for such Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is conducting its business in material compliance with all applicable laws and regulations, both state and federal, and
has obtained the regulatory licenses, approvals and consents necessary to carry on its business as now conducted; there is no statute,
regulation, rule, order or judgment binding on it and no provision of its organizational documents, nor of any mortgage, indenture,
credit agreement or other contract binding on it or affecting its property which would prohibit its execution or performance of
this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">4.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>USCF acknowledges, agrees and covenants that, notwithstanding references to USCF included in this Agreement, the services
contemplated by this Agreement are being provided to the Funds; provided, however, that USCF may issue oral or written instructions
in connection with the services for and on behalf of the Funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Indemnification</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">5.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank shall not be responsible for, and each Trust, each Fund and USCF, shall severally but not jointly, indemnify and
hold the Bank and its directors, officers, employees and agents harmless from and against, any and all losses, damages, costs,
charges, reasonable counsel fees, including, without limitation, those incurred by the Bank in a successful defense of any claims
by such Trust, Fund, or USCF payments, expenses and liability (&ldquo;Losses&rdquo;) which may be sustained or incurred by or which
may be asserted against the Bank in connection with or relating to this Agreement or the Bank&rsquo;s actions or omissions with
respect to this Agreement, or as a result of acting upon any instructions reasonably believed by the Bank to have been duly authorized
by USCF, each Fund or upon reasonable reliance of information or records given or made by USCF or such Fund; except for any Losses
for which the Bank has accepted liability pursuant to Article&nbsp;6 of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">5.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>With respect to the Series of each Trust, the Bank agrees to look solely to the assets of the applicable Series and to USCF
and its assets in respect of any claim against or obligation of such Series. The Bank acknowledges and agrees that liability of
any Series, as a series of a Trust, is limited pursuant to Section 3804(a) of the Delaware Statutory Trust Act, such that (a) the
debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to such Series shall be
enforceable against the assets of such Series only, and not against the assets of its Trust generally or the assets of any other
series of such Trust, and (b) none of the debts, liabilities, obligations and expenses incurred, contracted for, or otherwise existing
with respect to such Trust generally and any other series of such Trust shall be enforceable against the assets of such Series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">5.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Bank agrees to indemnify, defend and hold harmless USCF, each Trust and each Fund from and against any and all Losses, subject
to, and in an amount not to exceed the limitation of aggregate liability described in Section 6(e) below, that may be imposed on,
incurred by or asserted against any of the Funds and such Losses directly arise out of Bank&rsquo;s or a Bank affiliate&rsquo;s
bad faith, negligence, or willful misconduct, or the Bank&rsquo;s breach of any of its representations in this Agreement; provided
however, that the Bank shall not indemnify USCF, each Trust or any Fund for those Losses arising out of USCF&rsquo;s, each Trust&rsquo;s
or each Fund&rsquo;s own negligence, bad faith, or willful misconduct of its obligations under this Agreement. This indemnity shall
be a continuing obligation of Bank and its successors and assigns, notwithstanding the termination of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">5.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This indemnification provision shall apply to actions taken or omissions pursuant to this Agreement or a Participant Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Standard of Care and Limitation of Liability</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">6.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In performing its duties under this Agreement, the Bank shall exercise the standard of care, skill and diligence that a
professional provider of transfer agent services would observe in these affairs. The Bank shall have no responsibility and shall
not be liable for any Losses, except that the Bank shall subject to Section 6(e) below, be liable to USCF, each Trust and each
Fund for direct money damages caused by its own negligence, bad faith or willful misconduct or that of its employees, or its breach
of any of its representations. The parties agree that any encoding or payment processing errors shall be governed by this standard
of care, and not Section 4-209 of the Uniform Commercial Code which shall be superseded by this Article. In no event shall the
Bank be liable for special, indirect or consequential damages, regardless of the form of action and even if the same were foreseeable.
For purposes of this Agreement, none of the following shall be or be deemed a breach of the Bank&rsquo;s standard or care:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The conclusive reliance on or use by the Bank or its agents or subcontractors of information, records, documents or services
which (i) are received by the Bank or its agents or subcontractors, and (ii) have been prepared, maintained or performed by USCF,
each Trust, each Fund or any other person or firm on behalf of USCF, each Trust and each Fund including but not limited to any
previous transfer agent or&nbsp;registrar.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The conclusive reliance on, or the carrying out by the Bank or its agents or subcontractors of, any instructions or requests
of USCF, each Trust or each Fund or instructions or requests on behalf of each&nbsp;Trust or each Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The offer or sale of Shares by or for the Funds in violation of any requirement under the federal securities laws or regulations,
or the securities laws or regulations of any state that such Shares be registered in such state, or any violation of any stop order
or other determination or ruling by any federal agency, or by any state with respect to the offer or sale of Shares in such state.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding any other provision contained in this Agreement or applicable law to the contrary, Bank&rsquo;s or Bank&rsquo;s
affiliates maximum aggregate liability under this Agreement, Participation Agreement or any documents executed pursuant hereto
or in connection herewith or imposed by applicable law for any reason and upon any cause of action, shall not exceed (i) the total
amount of fees paid by the applicable Fund or USCF, as applicable, during the twelve (12) calendar month period immediately preceding
the event giving rise to such liability occurred; or (ii) if such event occurs prior to the completion of the twelve (12) calendar
month period following the Effective Date, the average monthly amount of total fees paid during the full calendar months subsequent
to the Effective Date multiplied by twelve (12). This limitation applies to all liabilities in the aggregate; provided, however,
that such limitation shall not be applicable to any act of Bank or a Bank affiliate involving fraud.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Concerning the Bank</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">7.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 31.5pt; text-align: justify; text-indent: 40.5pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank may employ agents or attorneys-in-fact which are not affiliates of the Bank with the prior written consent of USCF,
each Trust and each Fund and shall be liable for any loss or expense arising out of, or in connection with, the actions or omissions
to act of such agents or attorneys-in-fact, provided that Bank acts in good faith and with reasonable care in the selection and
retention of such agents or attorneys-in-fact.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 31.5pt; text-align: justify; text-indent: 40.5pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank may, without the prior consent of USCF, each Trust or each Fund, enter into subcontracts, agreements and understandings
with any Bank affiliate, whenever and on such terms and conditions as it deems necessary or appropriate to perform its services
hereunder. No such subcontract, agreement or understanding shall discharge Bank from its obligations hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">7.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank shall be entitled to conclusively rely upon any written or oral instruction actually received by the Bank and reasonably
believed by the Bank to be duly authorized and delivered. USCF, each Trust or each Fund, as applicable, agree to forward to the
Bank written instructions confirming oral instructions by the close of business of the same day that such oral instructions are
given to the Bank with respect to a Fund. USCF, each Trust and each Fund agrees that the fact that such confirming written instructions
are not received or that contrary written instructions are received by the Bank shall in no way affect the validity or enforceability
of transactions authorized by such oral instructions and effected by the Bank. If USCF, a Trust or a Fund elects to transmit written
instructions through an on-line communication system offered by the Bank, the use thereof by USCF, a Trust or a Fund shall be subject
to the Electronic Services Terms and Conditions agreed upon between the Bank and each of the Trusts, Funds and USCF.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">7.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> The Bank shall establish and maintain a disaster recovery plan and back-up system satisfying the requirements of its regulators
(the &ldquo;Disaster Recovery Plan and Back-Up System&rdquo;). The Bank shall not be responsible or liable for any failure or delay
in the performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond
its control which are not a result of its negligence, including without limitation, acts of God; earthquakes; fires; floods; wars;
civil or military disturbances; sabotage; epidemics; riots; interruption, loss or malfunctions of transportation, computer (hardware
or software) or communication services; labor disputes; acts of civil or military authority; governmental actions; or inability
to obtain labor, material, equipment or transportation; provided that the Bank has established and is maintaining the Disaster
Recovery Plan and Back-Up System, or if not, that such delay or failure would have occurred even if the Bank had established and
was maintaining the Disaster Recovery Plan and Back-Up System. Upon the occurrence of any such delay or failure the Bank shall
use commercially reasonable best efforts to resume performance as soon as practicable under the circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">7.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically
set forth in this Agreement and the Participation Agreement, and no covenant or obligation shall be implied against the Bank in
connection with this Agreement, except as set forth in this Agreement and the Participation Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">7.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>At any time the Bank may apply to an officer of USCF and/or a Fund, but is not obligated to do so, for written instructions
with respect to any matter arising in connection with the Bank&rsquo;s duties and obligations under this Agreement, and the Bank,
its agents, and subcontractors shall not be liable for any action taken or omitted to be taken in good faith in accordance with
such instructions. Such application by the Bank for instructions from an officer of USCF and/or a Fund may, at the option of the
Bank, set forth in writing any action proposed to be taken or omitted to be taken by the Bank with respect to its duties or obligations
under this Agreement and the date on and/or after which such action shall be taken, and the Bank shall not be liable for any action
taken or omitted to be taken in accordance with a proposal included in any such application on or after the date specified therein
unless, prior to taking or omitting to take any such action, the Bank has received written or oral instructions in response to
such application specifying the action to be taken or omitted. In connection with the foregoing, the Bank may, at its expense,
consult with legal counsel of its own choosing, but is not obligated to do so, and advise USCF and the applicable Fund or Funds,
if any instructions provided by USCF and the applicable Fund or Funds, at the request of the Bank pursuant to this Article or otherwise
would, to the Bank&rsquo;s knowledge, cause the Bank to take any action or omit to take any action contrary to any law, rule, regulation
or commercially reasonable practice for similarly situated service providers. In the event a situation or circumstance arises whereby
the Bank adopts a course of conduct in reliance upon written legal advice it has received (which need not be a formal opinion of
counsel) and the course of conduct is not identical to the course of conduct contained in the instructions received from USCF and/or
a Fund, the Bank may reply upon and follow the written legal advice without liability hereunder provided it otherwise acts in compliance
with this Agreement and notifies USCF and the applicable Fund or Funds of its determination. In the event of a conflict between
the oral or written instructions of the Fund or USCF and the advice or opinion of counsel received by Bank, Bank shall notify USCF
of such conflict and the parties shall promptly consult in good faith to reach an agreement on the actions or omissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">7.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank, its agents and subcontractors may act upon any paper or document, reasonably believed to be genuine and to have
been signed by the proper person or persons, or upon any instruction, information, data, records or documents provided to the Bank
or its agents or subcontractors by or on behalf of a Fund by machine readable input, telex, CRT data entry or other similar means
authorized by or on behalf of a Fund, and shall not be held to have notice of any change of authority of any person, until receipt
of written notice thereof from or on behalf of a Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">7.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank shall retain title to and ownership of any and all data bases, computer programs, screen formats, report formats,
interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise,
patents, copyrights, trade secrets, and other related legal rights utilized by the Bank in connection with the services provided
by the Bank hereunder. Notwithstanding the foregoing, the parties hereto acknowledge that USCF, the Trusts and the Funds shall
retain all ownership rights in data of USCF, the Trusts and the Funds residing on the Bank&rsquo;s electronic system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">7.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding any provisions of this Agreement to the contrary, the Bank shall be under no duty or obligation to inquire
into, and shall not be liable for:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The legality of the issue, sale or transfer of any Shares, the sufficiency of the amount to be received in connection therewith,
or the authority of USCF, the Trusts and the Funds to request such issuance, sale or transfer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The legality of the purchase of any Shares, the sufficiency of the amount to be paid in connection therewith, or the authority
of USCF, the Trusts and the Funds to request such purchase;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The legality of the declaration of any dividend by a Fund, or the legality of the issue of any Shares in payment of any
stock dividend; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The legality of any recapitalization or readjustment of the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Providing of Documents by the Trusts and each Fund and Transfers of Shares</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">8.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of the Trusts and the Funds shall promptly furnish to the Bank a copy of its organizational documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">8.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event that DTC ceases to be the Shareholder, the Bank shall re-register the Shares in the name of the successor to
DTC as Shareholder upon receipt by the Bank of such documentation and assurances as it may reasonably require.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">8.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank shall have no responsibility whatsoever with respect to of any beneficial interest in any of the Shares owned by
the Shareholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">8.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Bank, USCF, the Trusts and the Funds agree that all books, records, confidential, non-public, or proprietary information
and data pertaining to the business of the other party which are exchanged or received pursuant to the negotiation or the carrying
out of this Agreement shall remain confidential, and shall not be voluntarily disclosed to any person other than its auditors,
accountants, regulators, employees, agents, attorneys-in-fact or counsel, except as may be, or may become required by law, by administrative
or judicial order or by rule. The foregoing confidentiality obligation shall not apply to any information to the extent: (i) it
is already known to the receiving party at the time it is obtained; (ii) it is or becomes publicly known or available through no
wrongful act of the receiving party: (iii) it is rightfully received from a third party who, to the receiving party&rsquo;s knowledge,
is not under a duty of confidentiality; (iv) it is released by the protected party to a third party without restriction; or (v)
it has been or is independently developed or obtained by the receiving party without reference to the information provided by the
protected party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">8.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> In case of any requests or demands for the inspection of the Shareholder records of the Funds, the Bank will promptly employ
reasonable commercial efforts to notify USCF or the applicable Fund or Funds and secure instructions from an authorized officer
of USCF or the applicable Fund or Funds as to such inspection. The Bank reserves the right, however, to exhibit the Shareholder
records to any person whenever it is advised by its counsel that it will likely be held liable for the failure to exhibit the Shareholder
records to such&nbsp;person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination of Agreement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">9.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The term of this Agreement shall be three years commencing upon the date hereof (the &ldquo;Initial Term&rdquo;) and shall
automatically renew for additional one-year terms (each a &ldquo;Subsequent Term&rdquo;) unless either party provides written notice
of termination at least one hundred-twenty (120) days prior to the end of the Initial Term or any Subsequent Term or, unless earlier
terminated as provided below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Either party hereto may terminate this Agreement prior to the expiration of the Initial Term in the event the other party
breaches any material provision of this Agreement, including, without limitation in the case of USCF, each Trust and each Fund,
its obligations under Section 2.1, provided that the non-breaching party gives written notice of such breach to the breaching party
and the breaching party does not cure such violation within 90 days of receipt of such notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Either party hereto may terminate this Agreement immediately by sending notice thereof to the other party upon the happening
of any of the following: (i) a party commences as debtor any case or proceeding under any bankruptcy, insolvency or similar law,
or there is commenced against such party any such case or proceeding; (ii) a party commences as debtor any case or proceeding seeking
the appointment of a receiver, conservator, trustee, custodian or similar official for such party or any substantial part of its
property or there is commenced against the party any such case or proceeding; (iii) a party makes a general assignment for the
benefit of creditors; or (iv) a party states in any medium, written, electronic or otherwise, any public communication or in any
other public manner its inability to pay debts as they come due. Either party hereto may exercise its termination right under this
Section 9.1(b) at any time after the occurrence of any of the foregoing events notwithstanding that such event may cease to be
continuing prior to such exercise, and any delay in exercising this right shall not be construed as a waiver or other extinguishment
of that right.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">9.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Should USCF, a Trust or a Fund exercise its right to terminate, all out-of-pocket expenses associated with the movement
of records and material will be borne by USCF.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">9.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The terms of Article 2 (with respect to fees and expenses incurred prior to termination), Article 5 and Article 6 shall
survive any termination of this&nbsp;Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT><U>Additional Funds. </U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in">In the event that
USCF establishes one or more additional Funds with respect to which it desires to have the Bank render services as transfer agent
under the terms hereof, it shall so notify the Bank in writing, and if the Bank agrees in writing to provide such services, such
additional Fund shall become a Fund hereunder and such additional issuance shall become Shares hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT><U>Assignment</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">11.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither this Agreement nor any rights or obligations hereunder may be assigned by either party without the written consent
of the other party; provided, however, either party may assign this Agreement to a party controlling, controlled by or under common
control with it so long as the assignee or transferee agrees to be bound by all terms of this Agreement in place of the assigning
party, and, with respect to the Bank, such assignment or transfer does not impair the provision of services under this Agreement
in any material respect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">11.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Agreement shall inure to the benefit of and be binding upon the parties and their respective permitted successors and
assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT><U>Severability and Beneficiaries</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">12.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In case any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction,
the validity, the legality and enforceability of the remaining provisions shall not in any way be affected thereby provided the
obligation of USCF and/or the Fund to pay is conditioned upon provision of services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">12.2 This Agreement
is solely for the benefit of the Bank, USCF, the Trusts, and the Funds and none of any Participant (as defined in the Participation
Agreement), the Distributor, any Shareholder or beneficial owner of any Shares shall be or be deemed a third party beneficiary
of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT><U>Amendment</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.25in">This Agreement
may be amended or modified by a written agreement executed by both parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT><U>New York Law to Apply</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.25in">This Agreement
shall be construed in accordance with the substantive laws of the State of New York, without regard to conflicts of laws principles
thereof. USCF, the Trusts, the Funds and the Bank hereby consent to the jurisdiction of a state or federal court situated in New
York City, New York in connection with any dispute arising hereunder. USCF, the Trusts, the Funds and the Bank each hereby irrevocably
waives, to the fullest extent permitted by applicable law, any objection which it may now or hereafter have to the laying of venue
of any such proceeding brought in such a court and any claim that such proceeding brought in such a court has been brought in an
inconvenient forum. USCF, the Trusts, the Funds and the Bank each hereby irrevocably waives any and all rights to trial by jury
in any legal proceeding arising out of or relating to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0in"><FONT STYLE="text-transform: uppercase">15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT><U>Merger of Agreement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.25in">This Agreement
constitutes the entire agreement between the parties hereto and supersedes any prior agreement with respect to the subject matter
hereof whether oral or written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT><U>Notices</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.25in">All notices and
other communications as required or permitted hereunder shall be in writing and sent by first class mail, postage prepaid, addressed
as follows or to such other address or addresses of which the respective party shall have notified the other.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">If to the Bank:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Bank of New York Mellon</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2 Hanson Place</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Brooklyn, NY 11217</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Attention: ETF Operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Bank of New York Mellon</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">240 Greenwich Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">New York, New York 10286</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Attention: Legal Dept.
&ndash; Asset Servicing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">If to USCF, the Trusts
or the Funds:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">United States Commodity
Funds, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1850 Mt. Diablo Blvd.,
Suite 640</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Walnut Creek, CA 94596</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Attention: John P, Love,
President and CEO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">United States Commodity
Funds, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1850 Mt. Diablo Blvd.,
Suite 640</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Walnut Creek, CA 94596</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Attention: Daphne
Frydman, General Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT><U>Information Sharing</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.25in">The Bank of New
York Mellon Corporation is a global financial organization that provides services to clients through its affiliates and subsidiaries
in multiple jurisdictions (the &ldquo;BNY Mellon Group&rdquo;). The BNY Mellon Group may centralize functions including audit,
accounting, risk, legal, compliance, sales, administration, product communication, relationship management, storage, compilation
and analysis of customer-related data, and other functions (the &ldquo;Centralized Functions&rdquo;) in one or more affiliates,
subsidiaries and third-party service providers. Solely in connection with the Centralized Functions, (i) USCF, the Trusts and the
Funds consent to the disclosure of and authorizes the Bank to disclose information regarding USCF, the Trusts and the Funds (&ldquo;Customer-Related
Data&rdquo;) to the BNY Mellon Group and to its third-party service providers who are subject to confidentiality obligations with
respect to such information and (ii) the Bank may store the names and business contact information of the employees and representatives
of USCF, the Trusts and the Funds on the systems or in the records of the BNY Mellon Group or its service providers. The BNY Mellon
Group may aggregate Customer-Related Data with other data collected and/or calculated by the BNY Mellon Group, and notwithstanding
anything in this Agreement to the contrary the BNY Mellon Group will own all such aggregated data, provided that the BNY Mellon
Group shall not distribute the aggregated data in a format that identifies Customer-Related Data with a particular customer. Each
of USCF, the Trusts and the Funds confirms that it is authorized to consent to the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT></FONT><U>Counterparts</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 13.5pt">This Agreement
may be executed by the parties hereto in any number of counterparts, and all of said counterparts taken together shall be deemed
to constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in">[Signature page follows.]<BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.25in">IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed in their names and on their behalf by and through their duly authorized
officers, as of the latest date set forth below.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">UNITED STATES COMMODITY FUNDS, LLC</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 8%; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 56%; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name: John P. Love</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title: President and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Date:&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 10pt; text-indent: -10pt">UNITED STATES COMMODITY FUNDS, LLC, <BR>
as sponsor on behalf of <BR>
the United States Commodity Index Funds Trust <BR>
and each series thereof</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name: John P. Love</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title: President and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Date:&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 10pt; text-indent: -10pt">UNITED STATES COMMODITY FUNDS, LLC, <BR>
as general partner on behalf of each of <BR>
the United States Oil Fund, LP; <BR>
the United States Natural Gas Fund, LP, <BR>
the United States 12 Month Oil Fund, LP, <BR>
the United States 12 Month Natural Gas Fund, LP, <BR>
the United States Brent Oil Fund, LP, <BR>
the United States Gasoline Fund, LP</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name: John P. Love</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title: President and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Date:&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">THE BANK OF NEW YORK MELLON</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 8%; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 56%; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name:&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title:&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Date:&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B><U>APPENDIX A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center; text-indent: 0in">United States Oil Fund,
LP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center; text-indent: 0in">United States Natural
Gas Fund, LP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center; text-indent: 0in">United States 12 Month
Oil Fund, LP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center; text-indent: 0in">United States 12 Month
Natural Gas Fund, LP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center; text-indent: 0in">United States Brent
Oil Fund, LP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center; text-indent: 0in">United States Gasoline
Fund, LP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center; text-indent: 0in">United States Commodity
Index Funds Trust and each series thereof, including the United States Commodity Index Fund and the United States Copper Index
Fund</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center"><U>SCHEDULE
A</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: center"><FONT STYLE="text-transform: none"><U>Books
And Records To Be Maintained By The Bank</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Source Documents requesting Creations
and Redemptions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Correspondence/AP Inquiries</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Reconciliations, bank statements, copies
of canceled checks, cash proofs</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Daily/Monthly reconciliation of outstanding
Shares between the Fund and DTC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dividend Records</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Year-end Statements and Tax Forms</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>i20180_ex10-2.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Arial, Helvetica, Sans-Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B><U>Exhibit 10.2</U></B></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 68.25pt; width: 152.75pt"><BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>CUSTODY AGREEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>By and Between</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>THE BANK OF NEW YORK MELLON, </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>UNITED STATES COMMODITY FUNDS, LLC,</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center"><B>And</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>EACH ENTITY SET FORTH IN APPENDIX I</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <TD STYLE="width: 51%; font: 8pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 8pt"><B>BNY MELLON AND CUSTOMER CONFIDENTIAL</B></FONT></TD>
    <TD STYLE="width: 49%; font: 8pt Arial, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


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    <TD STYLE="width: 90%; text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180001">1.&nbsp;&nbsp;&nbsp;DEFINITIONS</A></TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 6pt; padding-bottom: 0pt">1</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180002">2.&nbsp;&nbsp;&nbsp;APPOINTMENT OF CUSTODIAN; ACCOUNTS</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">3</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180003">2.1&nbsp;&nbsp;&nbsp;Appointment of Custodian</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">3</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180004">2.2&nbsp;&nbsp;&nbsp;Establishment of Accounts</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">4</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180005">3.&nbsp;&nbsp;&nbsp;AUTHORIZED PERSONS AND INSTRUCTIONS; ELECTRONIC ACCESS</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">4</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180006">3.1&nbsp;&nbsp;&nbsp;Authorized Persons</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">4</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180007">3.2&nbsp;&nbsp;&nbsp;Instructions</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">5</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180008">3.3&nbsp;&nbsp;&nbsp;BNY Mellon Actions Without Instructions</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">6</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180009">3.4&nbsp;&nbsp;&nbsp;Funds Transfers</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">6</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180010">3.5&nbsp;&nbsp;&nbsp;Electronic Access</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">7</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180011">4.&nbsp;&nbsp;&nbsp;SUBCUSTODIANS, DEPOSITORIES AND AGENTS</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">7</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180012">4.1&nbsp;&nbsp;&nbsp;Use of Subcustodians and Depositories</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">7</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180013">4.2&nbsp;&nbsp;&nbsp;Liability for Subcustodians</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">7</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180014">4.3&nbsp;&nbsp;&nbsp;Liability for Depositories</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180015">4.4&nbsp;&nbsp;&nbsp;Use of Agents</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180016">5.&nbsp;&nbsp;&nbsp;CORPORATE ACTIONS</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180017">5.1&nbsp;&nbsp;&nbsp;Notification</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180018">5.2&nbsp;&nbsp;&nbsp;Exercise of Rights</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180019">5.3&nbsp;&nbsp;&nbsp;Partial Redemptions, Payments, Etc.</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180020">6.&nbsp;&nbsp;&nbsp;SETTLEMENT</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180021">6.1&nbsp;&nbsp;&nbsp;Settlement Instructions</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180022">6.2&nbsp;&nbsp;&nbsp;Settlement Funds</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180023">6.3&nbsp;&nbsp;&nbsp;Settlement Practices</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180024">7.&nbsp;&nbsp;&nbsp;TAX MATTERS</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180025">7.1&nbsp;&nbsp;&nbsp;Tax Obligations</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">9</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180026">7.2&nbsp;&nbsp;&nbsp;Responsibility for Taxes</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">10</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180027">7.3&nbsp;&nbsp;&nbsp;Payments</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">10</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180028">8.&nbsp;&nbsp;&nbsp;CREDITS AND ADVANCES</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">10</TD></TR>
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    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180029">8.1&nbsp;&nbsp;&nbsp;Contractual Settlement and Income</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">10</TD></TR>
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    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180030">8.2&nbsp;&nbsp;&nbsp;Advances</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">11</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180031">8.3&nbsp;&nbsp;&nbsp;Repayment</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">11</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180032">8.4&nbsp;&nbsp;&nbsp;Securing Repayment</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">11</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180033">8.5&nbsp;&nbsp;&nbsp;Setoff</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">11</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180034">9.&nbsp;&nbsp;&nbsp;STATEMENTS; BOOKS AND RECORDS; THIRD PARTY DATA</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">12</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180035">9.1&nbsp;&nbsp;&nbsp;Statements</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">12</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180036">9.2&nbsp;&nbsp;&nbsp;Books and Records</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">13</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180037">9.3&nbsp;&nbsp;&nbsp;Third Party Data</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">13</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180038">10.&nbsp;&nbsp;&nbsp;DISCLOSURES</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">14</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180039">10.1&nbsp;&nbsp;&nbsp;Required Disclosure</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">14</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180040">10.2&nbsp;&nbsp;&nbsp;Foreign Exchange Transactions</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">14</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180041">10.3&nbsp;&nbsp;&nbsp;Investment of Cash</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">14</TD></TR>
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    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in; width: 90%"><A HREF="#a_20180042">11.&nbsp;&nbsp;&nbsp;REGULATORY MATTERS</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt; width: 10%">15</TD></TR>
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    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180043">11.1&nbsp;&nbsp;&nbsp;USA PATRIOT Act</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">15</TD></TR>
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    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180044">11.2&nbsp;&nbsp;&nbsp;Sanctions; Anti-Money Laundering</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">15</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180045">12.&nbsp;&nbsp;&nbsp;COMPENSATION</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">16</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180046">12.1&nbsp;&nbsp;&nbsp;Fees and Expenses</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">16</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180047">12.2&nbsp;&nbsp;&nbsp;Other Compensation</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">17</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180048">13.&nbsp;&nbsp;&nbsp;REPRESENTATIONS, WARRANTIES AND COVENANTS</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">17</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180049">13.1&nbsp;&nbsp;&nbsp;BNY Mellon</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">17</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180050">13.2&nbsp;&nbsp;&nbsp;USCF and Customer</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">17</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180051">14.&nbsp;&nbsp;&nbsp;LIABILITY</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">18</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180052">14.1&nbsp;&nbsp;&nbsp;Standard of Care</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">18</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180053">14.2&nbsp;&nbsp;&nbsp;Limitation of Liability</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">18</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180054">14.3&nbsp;&nbsp;&nbsp;Force Majeure</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">19</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180055">14.4&nbsp;&nbsp;&nbsp;Indemnification</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">19</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180056">15.&nbsp;&nbsp;&nbsp;CONFIDENTIALITY</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180057">15.1&nbsp;&nbsp;&nbsp;Confidentiality Obligations</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180058">15.2&nbsp;&nbsp;&nbsp;Exceptions</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180059">16.&nbsp;&nbsp;&nbsp;TERM AND TERMINATION</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180060">16.1&nbsp;&nbsp;&nbsp;Term</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180061">16.2&nbsp;&nbsp;&nbsp;Termination</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">20</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180062">16.3&nbsp;&nbsp;&nbsp;Effect of Termination</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">21</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180063">16.4&nbsp;&nbsp;&nbsp;Survival</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">21</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 0pt; padding-left: 0.5in"><A HREF="#a_20180064">17.&nbsp;&nbsp;&nbsp;GENERAL</A></TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 0pt">21</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180065">17.1&nbsp;&nbsp;&nbsp;Non-Custody Assets</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">21</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180066">17.2&nbsp;&nbsp;&nbsp;Assignment</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">22</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180067">17.3&nbsp;&nbsp;&nbsp;Amendment</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">22</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180068">17.4&nbsp;&nbsp;&nbsp;Governing Law/Forum</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">22</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180069">17.5&nbsp;&nbsp;&nbsp;Non-Fiduciary Status</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">22</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180070">17.6&nbsp;&nbsp;&nbsp;Notices</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">23</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180071">17.7&nbsp;&nbsp;&nbsp;Entire Agreement</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">23</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180072">17.8&nbsp;&nbsp;&nbsp;No Third Party Beneficiaries</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">23</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180073">17.9&nbsp;&nbsp;&nbsp;Counterparts/Facsimile</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">23</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180074">17.10&nbsp;&nbsp;&nbsp;Interpretation</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">23</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180075">17.11&nbsp;&nbsp;&nbsp;No Waiver</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">23</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180076">17.12&nbsp;&nbsp;&nbsp;Headings</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">24</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 0pt; padding-left: 1in"><A HREF="#a_20180077">17.13&nbsp;&nbsp;&nbsp;Severability</A></TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0pt">24</TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>CUSTODY AGREEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">This Custody Agreement
is made and entered into as of the latest date set forth on the signature page hereto (the &ldquo;<B>Effective Date</B>&rdquo;)
by and between <B>THE BANK OF NEW YORK MELLON</B>, a New York state chartered bank (&ldquo;<B>BNY Mellon</B>&rdquo;), United States
Commodity Funds, LLC (&ldquo;<B>USCF</B>&rdquo;), each Trust (hereinafter each a &ldquo;<B>Trust</B>&rdquo;, and collectively the
&ldquo;<B>Trusts</B>&rdquo; as applicable) and each Limited Partnership (hereinafter each a &ldquo;Limited Partnership&rdquo;,
and collectively the &ldquo;<B>Limited Partnerships</B>&rdquo; as applicable), in each case listed on Appendix A hereto (as such
Appendix be amended from time to time). BNY Mellon, USCF, each Limited Partnership, and each Trust are collectively referred to
as the &ldquo;<B>Parties</B>&rdquo; and individually as a &ldquo;<B>Party</B>.&rdquo; Each Limited Partnership and each Series
of each Trust that listed on Appendix A is referred to as a &ldquo;<B>Customer.</B>&rdquo;</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>RECITALS</B></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS, USCF is
the sponsor of each Trust and each Series thereof;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS, USCF is
the general partner of each Limited Partnership; and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS, USCF and
each Customer wishes to appoint BNY Mellon as the custodian of certain of its assets, and BNY Mellon is willing to provide such
services on the terms and conditions set forth herein.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in
consideration of the mutual covenants and agreements set forth herein, and intending to be legally bound, the Parties agree as
follows.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">1.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180001"></A>DEFINITIONS</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">Whenever used in this Agreement,
the following words have the meanings set forth below:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>1940 Act</B>&rdquo; means
the U.S. Investment Company Act of 1940, as amended.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Account</B>&rdquo; has
the meaning set forth in Section&nbsp;2.2.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Act</B>&rdquo; has the
meaning set forth in Section&nbsp;10.1(a).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Affiliate</B>&rdquo;
means, with respect to any entity, any other entity that directly or indirectly controls, is controlled by or under common control
with such entity.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Agreement</B>&rdquo;
means, collectively, this Custody Agreement, any Exhibits hereto and any other documents incorporated herein by reference.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Anti-Money Laundering
Laws</B>&rdquo; means all anti-money laundering and counter-terrorist financing laws, rules, regulations, executive orders and
requirements administered by any governmental authority of the United States (including the U.S. Bank Secrecy Act, the U.S.A. PATRIOT
Act, and regulations of the U.S. Treasury Department which implement such acts) or any other applicable domestic or foreign authority
over USCF and/or Customer .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Assets</B>&rdquo; has
the meaning set forth in Section&nbsp;2.1(a).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Authorized Person</B>&rdquo;
has the meaning set forth in Section&nbsp;3.1.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>BNY Mellon</B>&rdquo;
has the meaning set forth in the introductory paragraph.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Cash</B>&rdquo; means
the money and currency of any jurisdiction which BNY Mellon accepts for deposit in an Account.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Confidential Information</B>&rdquo;
means, with respect to a Party, the terms of this Agreement and all non-public business and financial information of such Party
(including, with respect to USCF and Customer, information regarding each Account and including, with respect to BNY Mellon, information
regarding its practices and procedures related to the services provided hereunder) disclosed to the other Party in connection with
this Agreement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Customer</B>&rdquo; has
the meaning set forth in the introductory paragraph.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Data Terms Website</B>&rdquo;
means <FONT STYLE="font-size: 10pt"><I><U>http://www.bnymellon.com/products/assetservicing/vendoragreement.pdf</U></I></FONT>
or any successor website the address of which is provided by BNY Mellon to Customer.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Depository</B>&rdquo;
means the Depository Trust Company, Euroclear, Clearstream Banking S.A., the Canadian Depository System, CLS Bank and any other
securities depository, book-entry system or clearing agency authorized to act as a system for the central handling of securities
pursuant to the laws of the applicable jurisdiction, and any successors to, and/or nominees of, any of the foregoing.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Effective Date</B>&rdquo;
has the meaning set forth in the introductory paragraph.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Electronic Access Services</B>&rdquo;
means such services made available by BNY Mellon or a BNY Mellon Affiliate to USCF and Customer to electronically access information
relating to each Customer&rsquo;s Account and/or transmit Instructions.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Foreign Depository</B>&rdquo;
means each eligible securities depository identified by BNY Mellon to Customer from time to time.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Instructions</B>&rdquo;
means, with respect to this Agreement, instructions issued to BNY Mellon by way of (a)&nbsp;one of the following methods (each
as and to the extent specified by BNY Mellon as available for use in connection with the services hereunder): (i)&nbsp;the Electronic
Access Services; (ii)&nbsp;third-party electronic communication services containing, where applicable, appropriate authorization
codes, passwords or authentication keys, or otherwise appearing on their face to have been transmitted by an Authorized Person
or (iii)&nbsp;third-party institutional trade matching utilities used to effect transactions in accordance with such utility&rsquo;s
customary procedures or (b)&nbsp;such other method as may be agreed upon by the Parties and that appear on their face to have been
transmitted by an Authorized Person.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Market Data</B>&rdquo;
means pricing, valuations or other commercially sourced data applicable to any Security. Market Data also includes security identifiers,
bond ratings and classification data.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Market Data Providers</B>&rdquo;
means vendors and analytics providers and any other Person providing Market Data to BNY Mellon.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Non-Custody Assets</B>&rdquo;
has the meaning set forth in Section&nbsp;17.1.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Oral Instructions</B>&rdquo;
means, with respect to this Agreement, spoken instructions issued to BNY Mellon and reasonably believed by BNY Mellon to be from
an Authorized Person.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Party</B>&rdquo; or &ldquo;<B>Parties</B>&rdquo;
has the meaning set forth in the introductory paragraph.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Person</B>&rdquo; or
&ldquo;<B>Persons</B>&rdquo; means any entity or individual.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Sanctions</B>&rdquo;
means all economic sanctions laws, rules, regulations, executive orders and requirements administered by any governmental authority
of the United States (including the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury) or any other
applicable domestic or foreign authority with jurisdiction over USCF and/or Customer.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Securities</B>&rdquo;
means all (a)&nbsp;debt and equity securities and (b)&nbsp;instruments representing rights or interests therein, including rights
to receive, subscribe to or purchase the foregoing; in each case as may be agreed upon from time to time by BNY Mellon and Customer
and which are from time to time delivered to or received by BNY Mellon and/or any Subcustodian for deposit in an Account.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Standard of Care</B>&rdquo;
has the meaning set forth in Section&nbsp;14.1.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Subcustodian</B>&rdquo;
means a bank or other financial institution (other than a Depository) that is selected and used by BNY Mellon or a BNY Mellon Affiliate
in connection with the settlement of transactions and/or custody of Assets hereunder, and any successors to, and/or nominees of,
any of the foregoing.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Tax Obligations</B>&rdquo;
means taxes, withholding, certification and reporting requirements, claims for exemptions or refund, interest, penalties, additions
to tax and other related expenses.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;<B>Third Party Data</B>&rdquo;
has the meaning set forth in Section&nbsp;9.3(a).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">2.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180002"></A>APPOINTMENT OF CUSTODIAN; ACCOUNTS</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">2.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180003"></A>Appointment of Custodian</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">USCF, the Trust and each Limited Partnership, hereby appoints BNY Mellon as custodian of all Securities
and Cash to be held under, and in accordance with the terms of, this Agreement for each Customer (collectively, &ldquo;<B>Assets</B>&rdquo;),
and BNY Mellon hereby accepts such appointment. The Parties acknowledge and agree that BNY Mellon&rsquo;s duties pursuant to such
appointment will be limited solely to those duties expressly undertaken pursuant to this Agreement.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Notwithstanding the foregoing, BNY Mellon has no obligation:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">With respect to any Assets until they are actually received in an Account;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">To inquire into, make recommendations, supervise or determine the suitability of any transactions
affecting any Account or to question any Instructions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">To determine the adequacy of title to, or the validity or genuineness of, any Assets received by
it or delivered by it pursuant to this Agreement; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iv)</FONT></TD><TD STYLE="text-align: justify">With respect to any matters related to: the establishment, maintenance operation or termination
of Customer; or the offer, sale or distribution of the shares of, or interests in, Customer.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">Cash held hereunder may be subject to additional deposit terms and conditions issued by BNY Mellon
or the applicable Subcustodian from time to time, including rates of interest and deposit account access.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(d)</FONT></TD><TD STYLE="text-align: justify">If Customer engages in securities lending activities, such activities will be subject to certain
additional and/or modified terms to be set forth in a separate written agreement between USCF, the applicable Trust or Limited
Partnership and BNY Mellon or a BNY Mellon Affiliate.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">2.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180004"></A>Establishment of Accounts</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">BNY Mellon will establish and maintain
a separate account for each Customer listed in Appendix I hereto (each, an &ldquo;<B>Account</B>&rdquo;). BNY Mellon will hold
Assets relating to such Customer as provided herein. The Account of each Customer identified in Appendix I shall be established
and maintained by BNY Mellon separately from the Account of every other Customer listed in Appendix I. Any obligations of a Customer
under this Agreement will not be satisfied out of the assets of another Customer under this Agreement; provided, however, that
the obligations of any Customer for which USCF may be responsible may be satisfied out of any assets of such Customer and USCF
jointly.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">3.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180005"></A>AUTHORIZED PERSONS AND INSTRUCTIONS; ELECTRONIC ACCESS</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">3.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180006"></A>Authorized Persons</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">Promptly following the Effective
Date, Customer and/or its designee (including any of Customer&rsquo;s investment managers) will furnish BNY Mellon with one or
more written lists or other documentation acceptable to BNY Mellon specifying the names and titles of, or otherwise identifying,
all Persons authorized to act on behalf of Customer with respect to this Agreement (each, an &ldquo;<B>Authorized Person</B>&rdquo;).
Customer will be responsible for keeping such lists and/or other documentation current, and will update such lists and/or other
documentation, as necessary from time to time, pursuant to Instructions.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">3.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180007"></A>Instructions</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">Except as otherwise expressly provided in this Agreement, BNY Mellon will have no obligation to
take any action hereunder unless and until it receives Instructions issued in accordance with this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Customer will be responsible for ensuring that (i)&nbsp;only Authorized Persons issue Instructions
to BNY Mellon and (ii)&nbsp;all Authorized Persons appropriately safeguard any user and authorization codes, passwords and authentication
keys used in connection with the issuance of Instructions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">Where Customer may or is required to issue Instructions, such Instructions will be issued by an
Authorized Person.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(d)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon will be entitled to deal with any Authorized Person until notified otherwise pursuant
to Instructions, and will be entitled to act and rely upon any Instruction received by BNY Mellon.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(e)</FONT></TD><TD STYLE="text-align: justify">All Instructions must include all information necessary, and must be delivered using such methods
and in such format as BNY Mellon may require and be received within BNY Mellon&rsquo;s established cut-off times and otherwise
in sufficient time, to enable BNY Mellon to act upon such Instructions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(f)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon may in its sole discretion decline to act upon any Instructions that do not comply with
requirements set forth in Section&nbsp;3.2(e) or that conflict with applicable law or regulations or BNY Mellon&rsquo;s operating
policies and practices, in which event BNY Mellon will promptly notify Customer.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(g)</FONT></TD><TD STYLE="text-align: justify">Customer acknowledges that while it is not part of BNY Mellon&rsquo;s normal practices and procedures
to accept Oral Instructions, BNY Mellon may in certain limited circumstances accept Oral Instructions. In such event, such Oral
Instructions will be deemed to be Instructions for purposes of this Agreement. An Authorized Person issuing such an Oral Instruction
will promptly confirm such Oral Instruction to BNY Mellon in writing. Notwithstanding the foregoing, Customer agrees that the fact
that such written confirmation is not received by BNY Mellon, or that such written confirmation contradicts the Oral Instruction,
will in no way affect (i)&nbsp;BNY Mellon&rsquo;s reliance on such Oral Instruction or (ii)&nbsp;the validity or enforceability
of transactions authorized by such Oral Instruction and effected by BNY Mellon.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(h)</FONT></TD><TD STYLE="text-align: justify">Customer acknowledges and agrees that it is fully informed of the protections and risks associated
with the various methods of transmitting Instructions to BNY Mellon and that there may be more secure methods of transmitting Instructions
than the method selected by the sender. Customer agrees that the security procedures, if any, to be followed by Customer and BNY
Mellon with respect to the transmission and authentication of Instructions provide to Customer a commercially reasonable degree
of protection in light of its particular needs and circumstances.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">3.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180008"></A>BNY Mellon Actions Without Instructions</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Notwithstanding anything to the
contrary set forth in this Agreement, the Customer hereby authorizes BNY Mellon, without Instructions, to take any administrative
or ministerial actions with respect to an Account that it deems reasonably necessary or appropriate to perform its obligations
under this Agreement unless and until BNY Mellon receives an officers&rsquo; certificate signed by an Authorized Person of the
Customer to the contrary, including the following:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">Receive income and other payments due to the Account; provided, however, that BNY Mellon will have
no duty to pursue collection of any amount due to an Account, including for Securities in default, if such amount is not paid when
due;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Carry out any exchanges of Securities or other corporate actions not requiring discretionary decisions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">Facilitate access by Customer or its designee to ballots or online systems to assist it in the
voting of proxies received by BNY Mellon in its capacity as custodian for eligible positions of Securities held in the Account
(excluding bankruptcy matters), all of which will be exercised by Customer or its designee and not by BNY Mellon;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(d)</FONT></TD><TD STYLE="text-align: justify">Forward to Customer or its designee information (or summaries of information) that BNY Mellon receives
in its capacity as custodian from Depositories or Subcustodians concerning Securities in the Account (excluding bankruptcy matters);</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(e)</FONT></TD><TD STYLE="text-align: justify">Forward to Customer or its designee an initial notice of bankruptcy cases relating to Securities
held in the Account and a notice of any required action related to such bankruptcy cases as may be received by BNY Mellon in its
capacity as custodian. BNY Mellon will take no further action nor provide further notification related to the bankruptcy case;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(f)</FONT></TD><TD STYLE="text-align: justify">Unless otherwise elected by Customer, and in accordance with BNY Mellon&rsquo;s standard terms
and conditions, provide class action filing services for settled claims related to Securities with industry recognized identifiers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(g)</FONT></TD><TD STYLE="text-align: justify">Endorse for collection checks, drafts or other negotiable instruments received on behalf of the
Account;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(h)</FONT></TD><TD STYLE="text-align: justify">Execute and deliver, solely in its capacity as custodian, certificates, documents or instruments
incidental to BNY Mellon&rsquo;s performance under this Agreement; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">3.4</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180009"></A>Funds Transfers</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt 0.5in; text-align: justify">With respect to each Instruction
for a Cash transfer, when the Instruction is to credit or pay a party by both a name and a unique numeric or alpha-numeric identifier
(e.g., IBAN or ABA or account number), BNY Mellon and any other bank participating in the Cash transfer will be entitled to rely
solely on such numeric or alpha-numeric identifier, even if it identifies a party different from the party named. Such reliance
on an identifier will apply to beneficiaries named in the Instruction, as well as any financial institution that is designated
in the Instruction to act as an intermediary in such Cash transfer. To the extent permitted by applicable law, the Parties will
be bound by the rules of any transfer system used to effect a Cash transfer under this Agreement.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">3.5</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180010"></A>Electronic Access</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">If USCF or any Customer elects
to use the Electronic Access Services in connection with this Agreement, the use thereof will be subject to any terms and conditions
contained in a separate written agreement between the Parties or their Affiliates. If an Authorized Person elects, with BNY Mellon&rsquo;s
prior consent, to transmit Instructions through a third-party electronic communications service, BNY Mellon will not be responsible
or liable for the reliability or availability of any such service.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">4.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180011"></A>SUBCUSTODIANS, DEPOSITORIES AND AGENTS</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">4.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180012"></A>Use of Subcustodians and Depositories</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon will be entitled to utilize Subcustodians and Depositories in connection with its performance
hereunder.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon will only utilize Subcustodians that have entered into an agreement with BNY Mellon
or a BNY Mellon Affiliate, and Assets held through a Subcustodian will be held subject to the terms and conditions of such Subcustodian&rsquo;s
respective agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">Assets deposited in a Depository will be held subject to the rules, procedures, terms and conditions
of such Depository. Subcustodians may hold Assets in Depositories in which such Subcustodians participate.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(d)</FONT></TD><TD STYLE="text-align: justify">With respect to each Foreign Depository, BNY Mellon will exercise reasonable care, prudence and
diligence (a) to provide Customer, with an analysis of the custody risks associated with maintaining assets with the Foreign Depository
and (b) to monitor such custody risks on a continuing basis and promptly notify Customer, of any material change in such risks.
Customer acknowledges and agrees that such analysis and monitoring will be made on the basis of, and limited by, information gathered
from certain Subcustodians or through publicly available information otherwise obtained by BNY Mellon, and will not include any
evaluation of the matters referenced in Section 14.2(b)(i).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(e)</FONT></TD><TD STYLE="text-align: justify">Unless otherwise required by local law or practice or a particular Subcustodian agreement, Assets
deposited with Subcustodians or Depositories may be held in a commingled account in the name of, as applicable, BNY Mellon, a BNY
Mellon Affiliate or the applicable Subcustodian, for its clients.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">4.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180013"></A>Liability for Subcustodians</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon will exercise the Standard of Care in selecting, retaining and monitoring Subcustodians.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">With respect to Assets held by a Subcustodian, BNY Mellon will be liable to Customer for the activities
of such Subcustodian under this Agreement to the extent that BNY Mellon would have been liable to Customer under this Agreement
if BNY Mellon had performed such activities itself in the relevant market in which such Subcustodian is located; provided, however,
that with respect to Securities held by a Subcustodian that is not a BNY Mellon Affiliate:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon&rsquo;s liability will be limited solely to the extent resulting directly from BNY Mellon&rsquo;s
failure to exercise the Standard of Care in selecting, retaining, and monitoring such Subcustodian; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">To the extent that BNY Mellon is not liable pursuant to Section&nbsp;4.2(b)(i), BNY Mellon&rsquo;s
sole responsibility to Customer will be to: (A)&nbsp;take reasonable and appropriate action to recover from such Subcustodian,
and (B)&nbsp;forward to Customer any amounts so recovered (exclusive of costs and expenses incurred by BNY Mellon in connection
therewith).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">4.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180014"></A>Liability for Depositories</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">BNY Mellon will have no responsibility
or liability for the activities of any Depository arising out of or relating to this Agreement or any cost or burden imposed on
the transfer or holding of Assets held with such Depository.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">4.4</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180015"></A>Use of Agents</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">BNY Mellon may appoint agents,
including BNY Mellon Affiliates, on such terms and conditions as it deems appropriate to perform its obligations hereunder. Except
as otherwise specifically provided herein, no such appointment will discharge BNY Mellon from its obligations hereunder.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">5.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180016"></A>CORPORATE ACTIONS</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">5.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180017"></A>Notification</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">BNY Mellon will notify Customer
or its designee of rights or discretionary corporate actions, proxies or other notices impacting Customer&rsquo;s Securities that
are held within an Account as promptly as practicable under the circumstances, provided that BNY Mellon has actually received,
in its capacity as custodian, notice of such right or discretionary corporate action from the relevant issuer, or from a Subcustodian,
Depository or third party vendor. Without actual receipt of such notice by BNY Mellon, BNY Mellon will have no responsibility or
liability for failing to so notify Customer.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">5.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180018"></A>Exercise of Rights</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Whenever there are voluntary rights
that may be exercised or alternate courses of action that may be taken with respect to Securities in an Account, Customer or its
designee will be responsible for making any decisions relating thereto and for instructing BNY Mellon to act. In order for BNY
Mellon to act, USCF on behalf of the applicable Customer, must issue Instructions either: (a)&nbsp;using the BNY Mellon-generated
form provided along with BNY Mellon&rsquo;s notice under Section&nbsp;5.1 or (b)&nbsp;if Customer is not using such BNY Mellon-generated
form, clearly indicating, by reference to the options provided on such BNY Mellon-generated form, which action Customer is electing.
Each such Instruction will be addressed as BNY Mellon may from time to time request and issued by such time as BNY Mellon will
advise Customer or its designee.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">5.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180019"></A>Partial Redemptions, Payments, Etc.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">BNY Mellon will advise Customer
or its designee upon its notification, in its capacity as custodian, of a partial redemption, partial payment or other action with
respect to a Security affecting fewer than all such Securities held within an Account. If BNY Mellon or any Subcustodian or Depository
holds any Securities affected by one of the events described, BNY Mellon or such Subcustodian or Depository may select the Securities
to participate in such partial redemption, partial payment or other action in any non-discriminatory manner that it customarily
uses to make such selection.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">6.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180020"></A>SETTLEMENT</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">6.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180021"></A>Settlement Instructions</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Promptly after the execution of
each Securities transaction, Customer will issue to BNY Mellon Instructions to settle such transaction. Unless otherwise agreed
by BNY Mellon and subject to Section&nbsp;8.1, Assets will be credited to the relevant Account only when actually received by BNY
Mellon.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">6.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180022"></A>Settlement Funds</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">For the purpose of settling a Securities
transaction, Customer will provide BNY Mellon with instructions from an Authorized Person, or shall otherwise ensure that sufficient
immediately available funds or Securities, as applicable, are in the relevant Account by such time and date as is required to enable
BNY Mellon to settle such transaction in the country of settlement and in the currency to be used to settle such transaction.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">6.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180023"></A>Settlement Practices</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Securities transactions will be
settled using practices customary in the jurisdiction or market where the transaction occurs, which may include the delivery of
Securities or Cash to a counterparty or its agents against, as applicable, the receipt of Securities or Cash in the future. Customer
assumes full responsibility for all risks involved in connection with BNY Mellon&rsquo;s delivery of Securities or Cash in accordance
with such practices.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">7.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180024"></A>TAX MATTERS</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">7.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180025"></A>Tax Obligations</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">To the extent that BNY Mellon has
received relevant and necessary information with respect to an Account, BNY Mellon will perform the following services with respect
to Tax Obligations:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon (or the applicable Subcustodian) will apply, withhold and report appropriate amounts
as BNY Mellon (in its capacity as custodian) or the applicable Subcustodian (in its capacity as subcustodian) is required to do
under the relevant source country tax laws, and is authorized to debit the relevant Account in the amount of a Tax Obligation withheld
and to pay such amount to the appropriate taxing authority;</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon will, where appropriate and upon receipt of sufficient information, pursue claims for
tax relief where (i)&nbsp;either a tax treaty or a source country&rsquo;s domestic tax laws provide for favorable tax treatment
with respect to an Asset as a result of the Customer&rsquo;s status as a specific type of investor and/or residency status and
(ii)&nbsp;the source country&rsquo;s tax authorities have outlined the requirements and qualification criteria required to obtain
such relief; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon will forward to Customer or its designee information regarding Tax Obligations applicable
to Customer that BNY Mellon receives in its capacity as custodian from third parties and that BNY Mellon reasonably believes would
be useful to Customer or its designee in the submission of any reports or returns with respect to Tax Obligations.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">7.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180026"></A>Responsibility for Taxes</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">USCF and the applicable Customer
will be responsible and liable for all Tax Obligations with respect to any Assets held on behalf of Customer and any transaction
related thereto. USCF and each Customer acknowledges and agrees that BNY Mellon and its Affiliates are not tax advisers and will
not under any circumstances provide tax advice to USCF or any Customer. Each of USCF and the Customers will obtain their own independent
tax advice for any tax-related matters.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">7.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180027"></A>Payments</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">Where BNY Mellon
receives Instructions to make distributions or transfers out of an Account in order to pay Customer&rsquo;s third party service
providers, Customer acknowledges that in making such payments BNY Mellon is acting in an administrative or ministerial capacity,
and not as the payor, for tax information reporting and withholding purposes.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">8.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180028"></A>CREDITS AND ADVANCES</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">8.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180029"></A>Contractual Settlement and Income</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">BNY Mellon may, in its sole discretion,
as a matter of bookkeeping convenience, credit the relevant Account with the proceeds resulting from the purchase, sale, redemption
or other delivery or receipt of Securities, or interest, dividends or other distributions payable on Securities, or any foreign
exchange transaction effected in connection with this Agreement, prior to its actual receipt thereof. All such credits will be
conditional until BNY Mellon&rsquo;s actual receipt of such proceeds and may be reversed by BNY Mellon to the extent that such
proceeds are not received. Actual receipt of proceeds with respect to a transaction will not be deemed to have occurred, and the
transaction will not be considered final, until BNY Mellon has received sufficient immediately available funds or Securities specifically
applicable to such transaction that, under applicable local law, rule or practice, are irreversible and not subject to any security
interest, levy or other encumbrance.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">8.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180030"></A>Advances</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">If BNY Mellon receives an Instruction
that, if processed, would result in an overdraft in an Account, BNY Mellon may, in its sole discretion, advance funds in any currency
hereunder.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">8.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180031"></A>Repayment</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">If: (a)&nbsp;BNY Mellon has advanced
funds to an Account; (b)&nbsp;an overdraft has occurred in an Account (including overdrafts incurred in connection with the settlement
of securities transactions, funds transfers or foreign exchange transactions) or (c)&nbsp;Customer is for any other reason indebted
to BNY Mellon, USCF, for and on behalf of Customer, or the applicable Customer agrees to repay BNY Mellon (on demand or upon becoming
aware thereof) the amount of such advance, overdraft or indebtedness, plus accrued interest at a rate then charged by BNY Mellon
to its institutional custody clients in the relevant currency.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">8.4</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180032"></A>Securing Repayment</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">In order to secure repayment of
USCF&rsquo;s and each Customer&rsquo;s obligations and liabilities (whether or not matured) to BNY Mellon or any BNY Mellon Affiliate,
whether or not relating to or arising under this Agreement, and without limiting BNY Mellon&rsquo;s or such BNY Mellon Affiliate&rsquo;s
rights under applicable law or any other agreement, Customer hereby pledges and grants to BNY Mellon and such BNY Mellon Affiliate,
and agrees BNY Mellon and such BNY Mellon Affiliate will have to the maximum extent permitted by law, a continuing first lien and
security interest in: (a)&nbsp;all of Customer&rsquo;s right, title and interest in and to the Account and the Assets now or hereafter
held in such Account (including proceeds thereof) and (b)&nbsp;any other property at any time held by BNY Mellon or any BNY Mellon
Affiliate; provided that Customer does not hereby grant a security interest in any Securities issued by an affiliate (as defined
in Section&nbsp;23A of the U.S. Federal Reserve Act) of BNY Mellon. Customer represents, warrants and covenants that it owns the
Assets in the Accounts, and such other property at any time held by BNY Mellon or any BNY Mellon Affiliate relating to Customer,
free and clear of all liens, claims and security interests (except as otherwise acknowledged in writing by BNY Mellon), and that
the first lien and security interest granted herein will be subject to no setoffs, counterclaims or other liens prior to or on
a parity with it in favor of any third party (other than specific liens granted preferred status by statute). Customer will take
any additional steps required to assure BNY Mellon of such priority security interest, including notifying third parties or obtaining
their consent. BNY Mellon will be entitled to collect from the relevant Account sufficient Cash for reimbursement, and if such
Cash is insufficient, to sell Securities in such Account to the extent necessary to obtain reimbursement. In this regard, BNY Mellon
will be entitled to all the rights and remedies of a pledgee, secured creditor and/or securities intermediary under applicable
laws, rules and regulations as then in effect as if Customer or the relevant Series is in default.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">8.5</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180033"></A>Setoff</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon has the right to debit any Cash for any amount payable by USCF, on behalf of the applicable
Customer, or such Customer in connection with any and all obligations and liabilities (whether or not matured) of such Customer
to BNY Mellon or any BNY Mellon Affiliate, in each case in connection with this Agreement and the services contemplated hereunder.
At any time when USCF or the applicable Customer has not honored any of its obligations to BNY Mellon or such BNY Mellon Affiliate,
in each case in connection with this Agreement and the services contemplated hereunder, BNY Mellon will have the right to retain
or set-off against any obligations relating to such Customer any cash BNY Mellon or any BNY Mellon Affiliate may directly or indirectly
hold with respect to such Customer and any obligations (whether or not matured) that BNY Mellon or any BNY Mellon Affiliate may
have with respect to such Customer in any currency. Any such cash or obligation relating to Customer may be transferred to BNY
Mellon and any BNY Mellon Affiliate in order to effect the above rights. BNY Mellon shall endeavor to provide reasonably contemporaneous
notice to each of USCF and the applicable Customer in the event it exercises the rights contemplated by this Section 8.5.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Notwithstanding the foregoing, BNY Mellon shall not exercise its rights under this Section 9.5 with
respect to any amounts owing to BNY Mellon pursuant to Section 13.1 and that are subject to a good faith dispute.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">With respect to each Series, BNY Mellon agrees to look solely to the assets of such Series and to
USCF and its assets in respect of any claim against or obligation of such Series. BNY Mellon acknowledges and agrees that liability
of a Series, as a series of the Trust, is limited pursuant to Section 3804(a) of the Delaware Statutory Trust Act, such that (a)
the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Series shall
be enforceable against the assets of the Series only, and not against the assets of the Trust generally or the assets of any other
series of the Trust, and (b) none of the debts, liabilities, obligations and expenses incurred, contracted for, or otherwise existing
with respect to the Trust generally and any other series of the Trust shall be enforceable against the assets of the Series.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">9.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180034"></A>STATEMENTS; BOOKS AND RECORDS; THIRD PARTY DATA</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">9.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180035"></A>Statements</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon will make available to and Customer, through the Electronic Access Services, a monthly
statement (or report for such other time period as the Parties may agree upon from time to time) reflecting all transfers to or
from the Accounts during such month and all holdings in the Accounts as of the last business day of such month (or as of such other
date(s) as the Parties may agree from time to time). Customer will promptly review each such statement and, within ninety (90)
days of when such statement is made available by BNY Mellon, notify BNY Mellon of any exception or objection thereto. Notwithstanding
the foregoing, Customer may notify BNY Mellon of any such exceptions or objections at any time; provided, however, that BNY Mellon
will not be responsible or liable for any losses that could have been mitigated had such notice been provided during such ninety
(90) day period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">For each Business Day, BNY Mellon shall make available to the Customer through Electronic Access
a daily report of (i)&nbsp;all deposits to and withdrawals from the Account for such Business Day and the outstanding balance as
of the end of such Business Day, and (ii)&nbsp;a report of settled trades of Securities for such Business Day.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">9.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180036"></A>Books and Records</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">The books and records directly
pertaining to the Accounts which are in the possession of BNY Mellon will be the property of Customer. Such books and records will
be prepared and maintained as required by the 1940 Act and the rules thereunder applicable to BNY Mellon in connection with its
provision of the custody services described in this Agreement. BNY Mellon will identify on its books and records the Assets belonging
to Customer with respect to each Customer whether held directly or indirectly through Subcustodians or Depositories. Customer and
its authorized representatives, including its auditor, will have the right, at Customer&rsquo;s own expense and with reasonable
prior written notice to BNY Mellon, to have reasonable access to those books and records directly pertaining to the Accounts. Any
such access will occur during BNY Mellon&rsquo;s normal business hours and will be subject to BNY Mellon&rsquo;s applicable security
policies and procedures. Upon Customer&rsquo;s reasonable request, copies of those books and records directly pertaining to the
Accounts will be provided by BNY Mellon to Customer or its authorized representative.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">9.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180037"></A>Third Party Data</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">Customer acknowledges that BNY Mellon will be receiving, utilizing and relying on Market Data and
other data provided by Customer and/or by third parties in connection with its performance of the services hereunder (collectively,
&ldquo;<B>Third Party Data</B>&rdquo;). BNY Mellon is entitled to rely without inquiry on all Third Party Data provided to BNY
Mellon hereunder (and all Instructions related to Third Party Data), and BNY Mellon makes no assurances or warranties in relation
to the accuracy or completeness of Third Party Data and will not be responsible or liable for any losses or damages incurred as
a result of any Third Party Data that is inaccurate or incomplete. BNY Mellon may follow Instructions with respect to Third Party
Data, even if such Instructions direct BNY Mellon to override its usual procedures and data sources or if BNY Mellon, in performing
services for itself or others (including services similar to those performed for Customer), receives different Third Party Data
for the same or similar Securities.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Although statements and reports provided by BNY Mellon hereunder with respect to the Account may
contain values of, and pricing information in relation to, Securities held pursuant to this Agreement, BNY Mellon does not undertake
any duty or responsibility under this Agreement to report such values or pricing information.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">Certain Market Data may be the intellectual property of Market Data Providers, which impose additional
terms and conditions upon Customer or its designee&rsquo;s use of such Market Data. Such additional terms and conditions can be
found on the Data Terms Website. Customer agrees to those terms and conditions as they are posted on the Data Terms Website from
time to time.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">10.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180038"></A>DISCLOSURES</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">10.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180039"></A>Required Disclosure</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">With respect to Securities that are registered under the U.S. Securities Exchange Act of 1934,
as amended, or that are issued by an issuer registered under the U.S. Shareholder Communications Act of 1985 (the &ldquo;<B>Act</B>&rdquo;)
requires BNY Mellon to disclose to issuers of such Securities, upon their request, the name, address and securities position of
BNY Mellon&rsquo;s clients who are &ldquo;beneficial owners&rdquo; (as defined in the Act) of the issuer&rsquo;s Securities, unless
the beneficial owner objects to such disclosure. The Act defines a &ldquo;beneficial owner&rdquo; as any person who has or shares
the power to vote a security (pursuant to an agreement or otherwise) or who directs the voting of a security. Customer has designated
on the signature page hereof whether (i)&nbsp;as beneficial owner, it objects to the disclosure of its name, address and securities
position to any U.S. issuer that requests such information pursuant to the Act for the specific purpose of direct communications
between such issuer and Customer or (ii)&nbsp;it requires BNY Mellon to contact the relevant investment manager with respect to
relevant Securities to make the decision as to whether it objects to the disclosure of the beneficial owner&rsquo;s name, address
and securities position to any U.S. issuer that requests such information pursuant to the Act.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">With respect to certain Securities issued outside the United States, BNY Mellon may disclose information
to issuers of Securities as required by the organizational documents of the relevant issuer or in accordance with local market
practice.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">In connection with any disclosure contemplated by this Section&nbsp;10, Customer agrees to supply
BNY Mellon with any required information.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">10.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180040"></A>Foreign Exchange Transactions</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">In connection with this Agreement,
Customer may enter into foreign exchange transactions (including foreign exchange hedging transactions) with BNY Mellon or a BNY
Mellon Affiliate acting as a principal or otherwise through customary channels. Customer may issue standing Instructions with respect
to any such foreign exchange transactions, subject to any rules or limitations that may apply to any foreign exchange facility
made available to Customer. With respect to any such foreign exchange transactions, BNY Mellon or such BNY Mellon Affiliate is
acting as a principal counterparty on its own behalf and is not acting as a fiduciary or agent for, or on behalf of, Customer,
an investment manager or any Account. Any such foreign exchange transactions will be governed by the relevant master netting agreement
(e.g., an ISDA Master Agreement) in place between Customer and BNY Mellon or such BNY Mellon Affiliate, and such transactions will
be secured by the Account and the Assets therein pursuant to Section 8.4 and subject to the setoff provisions of Section 8.5.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">10.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180041"></A>Investment of Cash</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">In connection with this Agreement,
Customer may issue standing Instructions to invest Cash in one or more sweep investment vehicles. Such investment vehicles may
be offered by a BNY Mellon Affiliate or by a client of BNY Mellon, and BNY Mellon may receive compensation therefrom. By making
investment vehicles available, BNY Mellon and its Affiliates will not be deemed to have recommended, endorsed or guaranteed any
such investment vehicle in any way or otherwise to have acted as a fiduciary or agent for, or on behalf of, Customer, its investment
manager or any Account. BNY Mellon will have no liability for any loss incurred on any such investments. Customer understands that
Cash may be uninvested if it is received or reconciled to an Account after the applicable deadline to be swept into Customer&rsquo;s
selected investment vehicle.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">11.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180042"></A>REGULATORY MATTERS</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">11.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180043"></A>USA PATRIOT Act</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Section&nbsp;326 of the U.S. Uniting
and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (including its
implementing regulations) requires BNY Mellon to implement a customer identification program pursuant to which BNY Mellon must
obtain certain information from USCF and Customer in order to verify USCF&rsquo;s and Customer&rsquo;s identity prior to establishing
an Account. Accordingly, prior to establishing an Account, USCF and Customer will be required to provide BNY Mellon with certain
information, including USCF&rsquo;s and Customer&rsquo;s name, physical address, tax identification number and other pertinent
identifying information, to enable BNY Mellon to verify USCF&rsquo;s and Customer&rsquo;s identity. USCF and Customer each acknowledges
that BNY Mellon cannot establish an Account unless and until BNY Mellon has successfully performed such verification.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">11.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180044"></A>Sanctions; Anti-Money Laundering</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">Throughout the term of this Agreement, Customer or USCF, directly or indirectly through an agent
or authorized participant: (i)&nbsp;will have in place and will implement policies and procedures designed to prevent violations
of Sanctions, including measures to accomplish effective and timely scanning of all relevant data with respect to its clients (to
the extent the Assets are client assets) and with respect to incoming or outgoing assets or transactions relating to this Agreement;
(ii)&nbsp;will ensure that neither Customer nor any of the directors, officers, employees or clients (to the extent the Assets
are client assets) is an individual or entity that is, or is owned or controlled by an individual or entity that is: (A)&nbsp;the
target of Sanctions or (B)&nbsp;located, organized or resident in a country or territory that is, or whose government is, the target
of Sanctions and (iii)&nbsp;will not, directly or indirectly, use the Account in any manner that would result in a violation by
Customer or BNY Mellon of Sanctions, in each case, to the extent required by the laws, rules and regulations, including, without
limitation, the Anti-Money Laundering Laws, applicable to USCF or Customer or any such third-party agent or authorized participant
or as otherwise required in any agreement with such third-party agent or such authorized participant.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Customer acknowledges and agrees that, in connection with the services provided by BNY Mellon under
this Agreement, each of Customer&rsquo;s authorized participants is not a customer or joint customer with BNY Mellon. Customer
(and not BNY Mellon) has the responsibility to, and will, fulfill any compliance requirement or obligation with respect to each
of its authorized participants under all Anti-Money Laundering Laws. Without limiting any obligation imposed on Customer by Anti-Money
Laundering Laws, throughout the term of this Agreement, Customer or USCF, directly or indirectly through a third-party agent or
authorized participant, will maintain a compliance program with respect to its customers and investors that includes the following:
(i) a know-your-customer program in order to understand and verify the identity of each authorized participant, in accordance with
the requirements of the Bank Secrecy Act and the relevant regulations thereunder, (ii) a transaction surveillance and monitoring
program, and (iii) a policy for identifying and reporting any suspicious transactions and/or activities with respect to each authorized
participant to the appropriate law enforcement and regulatory authorities and to BNY Mellon where related to the services provided
by BNY Mellon hereunder, in each case, to the extent required by the laws, rules and regulations, including, without limitation,
the Anti-Money Laundering Laws, applicable to USCF or Customer or any such third-party agent or authorized participant or as otherwise
required in any agreement with such third-party agent or such authorized participant.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">Customer will promptly provide to BNY Mellon such information as BNY Mellon reasonably requests
in connection with the matters referenced in this Section&nbsp;11.2, including information regarding (i) the Accounts, (ii) the
Assets and the source thereof, (iii) the identity of any individual or entity having or claiming an interest therein, and (iv)
USCF&rsquo;s or Customer&rsquo;s compliance programs, which includes policies and procedures reasonably designed to address anti-money
laundering and Sanctions compliance to the extent required by applicable law, rule or regulation, and any related records and/or
transaction information, including with respect to any investor, regardless of whether such request is made under USA PATRIOT Act
Section 314(b) (where applicable). Customer will cooperate with BNY Mellon and provide assistance reasonably requested by BNY Mellon
in connection with any anti-money laundering and terrorist financing or Sanctions inquiries, including providing reasonable assistance
with any BNY Mellon inquiry regarding matters referenced in this Section 11.2. and the sharing of information reasonably requested
in connection herewith.&nbsp;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(d)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon may decline to act or provide services in respect of any Account, and take such other
actions as it, in its reasonable discretion, deems necessary or advisable, in connection with the matters referenced in this Section&nbsp;11.2.
If BNY Mellon declines to act or provide services as provided in the preceding sentence, except as otherwise prohibited by applicable
law or official request, BNY Mellon will inform Customer as soon as reasonably practicable.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">12.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180045"></A>COMPENSATION</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">12.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180046"></A>Fees and Expenses</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">In consideration
of BNY Mellon&rsquo;s services provided hereunder, USCF will, for and on behalf of each Customer, (a)&nbsp;pay to BNY Mellon the
fees set forth in the agreed upon fee schedule (as such fee schedule may be amended by BNY Mellon from time to time upon thirty
(30) days&rsquo; prior written notice to USCF and Customer and upon USCF&rsquo;s and Customer&rsquo;s consent) and (b)&nbsp;reimburse
BNY Mellon for any out-of-pocket and incidental expenses incurred by BNY Mellon in connection therewith. Unless otherwise agreed
by the Parties, such amounts will be payable to BNY Mellon within thirty (30) days of USCF&rsquo;s and/or Customer&rsquo;s receipt
of the relevant invoice. Without limiting BNY Mellon&rsquo;s other rights set forth in this Agreement, BNY Mellon may charge interest
on overdue amounts at a rate then charged by BNY Mellon to its institutional custody clients in the relevant currency.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">12.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180047"></A>Other Compensation</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">Customer acknowledges that, as part of BNY Mellon&rsquo;s compensation, BNY Mellon will earn interest
on Cash balances held by BNY Mellon (including disbursement balances, balances arising from purchase and sale transactions and
when Cash otherwise remains uninvested) as provided in BNY Mellon&rsquo;s compensation disclosures.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 49.5pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Where a processing error has occurred under this Agreement that results in an unintended gain,
provided that Customer is put in the same or equivalent position as it would have been in had such processing error not occurred,
any such gain will be solely for the account of BNY Mellon without any duty to report such gain to the Customer. Where a processing
error has occurred under this Agreement that results in a loss, the Customer will be put in the same or equivalent position as
it would have been in had such processing error not occurred.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">13.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180048"></A>REPRESENTATIONS, WARRANTIES AND COVENANTS</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">13.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180049"></A>BNY Mellon</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">BNY Mellon represents
and warrants that: (a)&nbsp;it is duly organized, validly existing and in good standing in its jurisdiction of organization; (b)&nbsp;it
has the requisite corporate power and authority to enter into and to carry out the transactions contemplated by this Agreement
and (c)&nbsp;the individual executing this Agreement on its behalf has the requisite authority to bind BNY Mellon to this Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">13.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180050"></A>USCF and Customer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">Each of USCF, each Trust and each Limited Partnership represents and warrants that: (i)&nbsp;it
is duly organized, validly existing and in good standing in its jurisdiction of organization; (ii)&nbsp;it has the requisite corporate
power and authority to enter into and to carry out the transactions contemplated by this Agreement and (iii)&nbsp;the individual
executing this Agreement on its behalf has the requisite authority to bind Customer to this Agreement.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Each of USCF, each Trust and each Limited Partnership represents and warrants that all actions
taken, or to be taken, by or on behalf of Customer in connection with establishing, maintaining, operating or terminating Customer
(including, any offer, sale or distribution of the shares of, or interest in, Customer) shall be done in compliance with all applicable
U.S. state and federal securities laws and regulations and all other applicable laws and regulations of all applicable jurisdictions.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">USCF acknowledges, agrees and covenants that, notwithstanding references to USCF included in this
Agreement, the services contemplated by this Agreement are being provided to the Customers; provided, however, that USCF may issue
Instructions in connection with the services for and on behalf of the Customers.</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">14.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180051"></A>LIABILITY</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">14.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180052"></A>Standard of Care</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">In performing its duties under
this Agreement, BNY Mellon will exercise the standard of care and diligence that a professional custodian would in good faith observe
in these affairs taking into account the prevailing rules, practices, procedures and circumstances in the relevant market (&ldquo;<B>Standard
of Care</B>&rdquo;). For the avoidance of doubt, any action, or inaction, on the part of BNY Mellon that constitutes negligence,
bad faith, or willful misconduct shall be deemed a failure by BNY Mellon to perform its obligations under this Agreement in accordance
with the Standard of Care.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">14.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180053"></A>Limitation of Liability</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon&rsquo;s liability arising out of or relating to this Agreement will be limited solely
to those direct damages that are caused by BNY Mellon&rsquo;s failure to perform its obligations under this Agreement in accordance
with the Standard of Care. In no event will BNY Mellon be liable for any indirect, incidental, consequential, exemplary, punitive
or special losses or damages, or for any loss of revenues, profits or business opportunity, arising out of or relating to this
Agreement (whether or not foreseeable and even if BNY Mellon has been advised of the possibility of such losses or damages).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Notwithstanding anything to the contrary set forth in this Agreement, in no event will BNY Mellon
be liable for any losses or damages arising out of any of the following:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">Customer&rsquo;s or an Authorized Person&rsquo;s decision to invest in or hold Assets in any particular
country, including any losses or damages arising out of or relating to: (A)&nbsp;the financial infrastructure of a country; (B)&nbsp;a
country&rsquo;s prevailing custody and settlement practices; (C)&nbsp;nationalization, expropriation or other governmental actions;
(D)&nbsp;a country&rsquo;s regulation of the banking or securities industry; (E)&nbsp;currency and exchange controls, restrictions,
devaluations, redenominations, fluctuations or asset freezes; (F)&nbsp;laws, rules, regulations or orders that at any time prohibit
or impose burdens or costs on the transfer of Assets to, by or for the account of Customer or (G)&nbsp;market conditions which
affect the orderly execution of securities transactions or affect the value of securities;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon&rsquo;s reliance on Instructions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon&rsquo;s receipt or acceptance of fraudulent, forged or invalid Securities (or Securities
which are otherwise not freely transferable or deliverable without encumbrance in any relevant market);</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iv)</FONT></TD><TD STYLE="text-align: justify">For any matter with respect to which BNY Mellon is required to act only upon the receipt of Instructions,
(A)&nbsp;BNY Mellon&rsquo;s failure to act in the absence of such Instructions or (B)&nbsp;Instructions that are late or incomplete
or do not otherwise satisfy the requirements of Section&nbsp;3.2(e), whether or not BNY Mellon acted upon such Instructions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(v)</FONT></TD><TD STYLE="text-align: justify">BNY Mellon receiving or transmitting any data to or from USCF, a Customer or any Authorized Person
via any non-secure method of transmission or communication selected by Customer;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(vi)</FONT></TD><TD STYLE="text-align: justify">Customer&rsquo;s, USCF&rsquo;s or an Authorized Person&rsquo;s decision to invest in Securities
or to hold Cash in any currency; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(vii)</FONT></TD><TD STYLE="text-align: justify">The insolvency of any Person, including a Subcustodian that is not a BNY Mellon Affiliate, Depository,
broker, bank or counterparty to the settlement of a transaction or to a foreign exchange transaction, except as provided in Section&nbsp;4.2.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD STYLE="text-align: justify">If BNY Mellon is in doubt as to any action it should or should not take, either pursuant to, or
in the absence of, Instructions, BNY Mellon may obtain the advice of either reputable counsel of its own choosing or counsel to
USCF, the and Customer, and BNY Mellon will not be liable for acting in accordance with such advice.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">14.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180054"></A>Force Majeure</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">BNY Mellon will
not be responsible or liable for any failure or delay in the performance of its obligations under this Agreement to the extent
caused, directly or indirectly, by any event beyond its reasonable control, including acts of God, strikes or other labor disputes,
work stoppages, acts of war, terrorism, general civil unrest, governmental or military actions, legal constraint or the interruption,
loss or malfunction of utilities or communications or computer systems. BNY Mellon will promptly notify Customer upon the occurrence
of any such event and will use commercially reasonable efforts to minimize its effect.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">14.4</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180055"></A>Indemnification</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">USCF jointly with the applicable
Customer shall indemnify and hold harmless BNY Mellon from and against all losses, costs, expenses, damages and liabilities (including
reasonable counsel fees and expenses) incurred by BNY Mellon, and will defend BNY Mellon against any third party claim, in each
case arising out of or relating to BNY Mellon&rsquo;s performance under this Agreement, except to the extent resulting from BNY
Mellon&rsquo;s failure to perform its obligations under this Agreement in accordance with the Standard of Care. The Parties agree
that the foregoing will include reasonable counsel fees and expenses incurred by BNY Mellon in its successful defense of claims
that are asserted by USCF and/or Customer against BNY Mellon arising out of or relating to BNY Mellon&rsquo;s performance under
this Agreement. Any obligations of USCF or the applicable Customer under this Section 14.4 with respect to USCF and such Customer
will not be satisfied out of the assets of another Customer.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">15.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180056"></A>CONFIDENTIALITY</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">15.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180057"></A>Confidentiality Obligations</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Each Party agrees to use the Confidential
Information of the other Party solely to accomplish the purposes of this Agreement and, except in connection with such purposes
or as otherwise permitted herein, not to disclose such information to any other Person without the prior written consent of the
other Party. Notwithstanding the foregoing, BNY Mellon may: (a)&nbsp;use Customer&rsquo;s Confidential Information in connection
with certain functions performed on a centralized basis by BNY Mellon, its Affiliates and joint ventures and their service providers
(including audit, accounting, risk, legal, compliance, sales, administration, product communication, relationship management, compilation
and analysis of Customer-related data and storage); (b)&nbsp;disclose such information to its Affiliates and to joint ventures
and its and their service providers who are subject to confidentiality obligations comparable to those to which each Party is subject
pursuant to this Agreement and (c)&nbsp;store the names and business contact information of Customer&rsquo;s employees and representatives
relating to this Agreement on the systems or in the records of its Affiliates and joint ventures and its and their service providers.
In addition, BNY Mellon may aggregate information regarding Customer and the Accounts on an anonymized basis with other similar
client data for BNY Mellon&rsquo;s and its Affiliates&rsquo; reporting, research, product development and distribution and marketing
purposes.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">15.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180058"></A>Exceptions</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">The Parties&rsquo; respective obligations
under Section&nbsp;15.1 will not apply to any such information: (a)&nbsp;that is, as of the time of its disclosure or thereafter
becomes, part of the public domain through a source other than the receiving Party; (b)&nbsp;that was known to the receiving Party
as of the time of its disclosure and was not otherwise subject to confidentiality obligations; (c)&nbsp;that is independently developed
by the receiving Party without reference to such information; (d)&nbsp;that is subsequently learned from a third party not known
to be under a confidentiality obligation to the disclosing Party or (e)&nbsp;that is required to be disclosed pursuant to applicable
law, rule, regulation, requirement of any law enforcement agency, court order or other legal process or at the request of a regulatory
authority.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">16.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180059"></A>TERM AND TERMINATION</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">16.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180060"></A>Term</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">The term of this
Agreement will commence on the Effective Date and will continue in effect until terminated in accordance with the provisions herein.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">16.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180061"></A>Termination</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Each Party may terminate this Agreement
by giving to the counter-Party a notice in writing specifying the date of such termination, which will be not less than ninety
(90) days after the date of such notice.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">16.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180062"></A>Effect of Termination</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Upon termination hereof, USCF,
for and on behalf of Customer, will pay to BNY Mellon such compensation as may be due to BNY Mellon, and will reimburse BNY Mellon
for other amounts payable or reimbursable to BNY Mellon hereunder, through the date of termination. Upon termination hereof, the
Customer, shall also provide reasonable instructions to BNY Mellon concerning the transfer of custody of records, Assets and other
items to a successor custodian, and BNY Mellon will follow such reasonable Instructions as Customer, issues; provided that (a)&nbsp;BNY
Mellon will have no responsibility or liability for shipping and insurance costs associated therewith and (b)&nbsp;full payment
has been made to BNY Mellon of its compensation, costs, expenses and other amounts to which it is entitled hereunder. In the event
that Customer fails to give instructions to BNY Mellon concerning the transfer of Assets to a successor custodian and Assets remain
in any Account after the date of termination hereof, BNY Mellon shall be entitled to reasonable compensation for such custody services
for such period as BNY Mellon retains possession of such Assets and continues to provide such custody services, and the provisions
of this Agreement relating to the duties and obligations of BNY Mellon, USCF and Customer shall remain in full force and effect.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">16.4</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180063"></A>Survival</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Any and all provisions of this
Agreement which by their nature or effect are required or intended to be observed, kept or performed after the expiration or termination
of this Agreement will survive the expiration or any termination of this Agreement and remain binding upon and for the Parties&rsquo;
benefit, including Section&nbsp;12.2 (Representations, Warranties and Covenants); Section&nbsp;14 (Liability); Section&nbsp;15
(Confidentiality); Section&nbsp;16.3 (Effect of Termination); Section&nbsp;0 (Survival) and Section&nbsp;17.4 (Governing Law/Forum).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180064"></A>GENERAL</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.1</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180065"></A>Non-Custody Assets</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">At Customer&rsquo;s request pursuant
to Instructions, subject to BNY Mellon&rsquo;s approval and as an accommodation to Customer, BNY Mellon will provide consolidated
recordkeeping services reflecting on statements provided to Customer securities and other assets not held by BNY Mellon (&ldquo;<B>Non-Custody
Assets</B>&rdquo;). Non-Custody Assets will be designated on BNY Mellon&rsquo;s books as &ldquo;assets not held in custody&rdquo;
or by other similar designation and will not constitute Assets for purposes of this Agreement. Customer acknowledges and agrees
that, notwithstanding anything contained elsewhere in this Agreement, (a)&nbsp;Customer will have no security entitlement against
BNY Mellon with respect to Non-Custody Assets; (b)&nbsp;BNY Mellon will rely, without independent verification, on information
provided by Customer or its designee regarding Non-Custody Assets (including positions and market valuations) and (c)&nbsp;BNY
Mellon will have no responsibility whatsoever with respect to Non-Custody Assets or the accuracy of any information maintained
on BNY Mellon&rsquo;s books or set forth on account statements concerning Non-Custody Assets.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.2</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180066"></A>Assignment</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">No Party may,
without the other Party&rsquo;s prior written consent, assign any of its rights or delegate any of its duties under this Agreement
(whether by change of control, operation of law or otherwise); provided, however that BNY Mellon may, without the prior written
consent of USCF and Customer, assign this Agreement or any of its rights, or delegate any of its duties hereunder: (a)&nbsp;to
any BNY Mellon Affiliate or (b)&nbsp;to any successor to the business of BNY Mellon to which this Agreement relates, in which event
BNY Mellon agrees to provide notice of such successor to USCF and Customer; provided further that any entity to which this Agreement
is assigned by BNY Mellon without the prior written consent of USCF and Customer pursuant to a foregoing item (a) or (b) will satisfy
the requirements for serving as a custodian for a registered investment company. Any purported assignment or delegation by a Party
in violation of this provision will be voidable at the option of the other Party. This Agreement will be binding upon, and inure
to the benefit of, the Parties and their respective permitted successors and assigns.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.3</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180067"></A>Amendment</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">This Agreement may be amended or
modified only in a written agreement signed by an authorized representative of each Party. For purposes of the foregoing, email
exchanges between the Parties will not be deemed to constitute a written agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.4</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180068"></A>Governing Law/Forum</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD STYLE="text-align: justify">The substantive laws of the state of New York (without regard to its conflicts of law provisions)
will govern all matters arising out of or relating to this Agreement, including the establishment and maintenance of the Account
and for purposes of the Uniform Commercial Code and all issues specified in Article 2(1) of the Hague Securities Convention, except
to the extent such laws are inconsistent with federal securities laws, in which case such federal securities laws shall govern.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD STYLE="text-align: justify">Each Party irrevocably agrees that all legal actions or proceedings brought by it against the other
Party arising out of or relating to this Agreement will be brought solely and exclusively before the state or federal courts situated
in New York. Each Party irrevocably submits to personal jurisdiction in such courts and waives any objection which it may now or
hereafter have based on improper venue or <I>forum non conveniens</I>. The Parties hereby unconditionally waive, to the fullest
extent permitted by applicable law, any right to a jury trial with respect to any such actions or proceedings.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.5</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180069"></A>Non-Fiduciary Status</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Customer hereby acknowledges and
agrees that BNY Mellon is not a fiduciary by virtue of accepting and carrying out its obligations under this Agreement and has
not accepted any fiduciary duties, responsibilities or liabilities with respect to its services hereunder, including with respect
to the management, investment advisory or sub-advisory functions of Customer.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.6</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180070"></A>Notices</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">Other than routine communications
in the ordinary course of providing or receiving services hereunder (including Instructions), notices given hereunder will be:
(a)&nbsp;addressed to BNY Mellon, USCF or Customer at the address set forth on the signature page (or such other address as either
Party may designate in writing to the other Party) and (b)&nbsp;sent by hand delivery, by certified mail, return receipt requested,
or by overnight delivery service, in each case with postage or charges prepaid. All notices given in accordance with this Section
will be effective upon receipt.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.7</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180071"></A>Entire Agreement</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">This Agreement constitutes the
sole and entire agreement among the Parties with respect to the matters dealt with herein, and merges, integrates and supersedes
all prior and contemporaneous discussions, agreements and understandings between the Parties, whether oral or written, with respect
to such matters.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.8</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180072"></A>No Third Party Beneficiaries</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">This Agreement is entered into
solely between, and may be enforced only by, the Parties. Each Party intends that this Agreement will not, and no provision of
this Agreement will be interpreted to, benefit, or create any right or cause of action in or on behalf of, any party or entity
other than the Parties.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.9</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180073"></A>Counterparts/Facsimile</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">This Agreement may be executed
in any number of counterparts, each of which will be deemed an original, and said counterparts when taken together will constitute
one and the same instrument and may be sufficiently evidenced by one set of counterparts. This Agreement may also be executed and
delivered by facsimile or email with confirmation of delivery and/or receipt.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.10</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180074"></A>Interpretation</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">The terms and conditions of this
Agreement are the result of negotiations between the Parties. The Parties intend that this Agreement will not be construed in favor
of or against a Party by reason of the extent to which such Party or its professional advisors participated in the preparation
or drafting of this Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.11</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180075"></A>No Waiver</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">No failure or delay by a Party
to exercise any right, remedy or power it has under this Agreement will impair or be construed as a waiver of such right, remedy
or power. A waiver by a Party of any provision or any breach of any provision will not be construed to be a waiver by such Party
of such provision in any other instance or any succeeding breach of such provision or a breach of any other provision. All waivers
will be in writing and signed by an authorized representative of the waiving Party.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 1pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.12</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180076"></A>Headings</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">All section and subsection headings
in this Agreement are included for convenience of reference only and will not be considered in the interpretation of the scope
or intent of any provision of this Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 10pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">17.13</FONT></TD><TD STYLE="text-align: justify"><A NAME="a_20180077"></A>Severability</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">If a court of competent jurisdiction
determines that any provision of this Agreement is illegal or invalid for any reason, such illegality or invalidity will not affect
the validity of the remainder of this Agreement. In such case, the Parties will negotiate in good faith to replace each illegal
or invalid provision with a valid, legal and enforceable provision that fulfills as closely as possible the original intent of
the Parties.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: center">[<I>Signature Page Follows]</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><B>IN WITNESS WHEREOF</B>, the Parties have executed this
Agreement as of the Effective Date.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 39%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><B>THE BANK OF NEW YORK MELLON</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt 39pt; text-indent: -0.5in">By:_______________________________</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 38.9pt; text-indent: -0.5in">Name:</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 38.9pt; text-indent: -0.5in">Title:</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 38.9pt; text-indent: -0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 38.9pt; text-indent: -0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt 39pt; text-indent: -0.5in">Date:</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 61%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 84.8pt; text-indent: -0.5in"><B>UNITED STATES COMMODITY FUNDS,
        LLC</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 84.8pt; text-indent: -0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt 84.8pt; text-indent: -0.5in">By:___________________________________<BR>
        Name: John P. Love<BR>
        Title: President an CEO</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt 84.8pt; text-indent: 0pt">Date:</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 84.8pt; text-indent: -0.5in"><B>UNITED STATES COMMODITY FUNDS,
        LLC, as sponsor on behalf of the United States Commodity Index Funds Trust and each series thereof </B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 84.8pt; text-indent: 0in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 84.8pt; text-indent: 0in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt 84.8pt; text-indent: -0.5in">By:___________________________________<BR>
        Name: John P. Love<BR>
        Title: President and CEO</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt 84.8pt; text-indent: 0pt">Date:</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 84.8pt; text-indent: -0.5in"><B>UNITED STATES COMMODITY FUNDS,
        LLC, as general partner on behalf of each of the United States Oil Fund, LP; the United States Natural Gas Fund, LP, the United
        States 12 Month Oil Fund, LP, the United States 12 Month Natural Gas Fund, LP, the United States Brent Oil Fund, LP, the United
        States Gasoline Fund, LP</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 84.8pt; text-indent: 0in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 84.8pt; text-indent: 0in">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt 84.8pt; text-indent: -0.5in">By:___________________________________<BR>
        Name: John P. Love<BR>
        Title: President and CEO</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt 84.8pt; text-indent: 0pt">Date:</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.5pt; padding-bottom: 12pt; padding-left: 0.5pt"><B>Address for Notice:</B></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.5pt; padding-bottom: 10pt; padding-left: 0.5pt"><B>Address for Notice:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0">THE BANK OF NEW YORK MELLON</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0">______________________________</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0">______________________________</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0">Attention: _____________________</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0">UNITED STATES COMMODITY FUNDS, LLC</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0">1850 Mt. Diablo Blvd., Suite 640<BR>
Walnut Creek, CA 94596<BR>
Attention: John P. Love, President and CEO</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0.05in"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0.05in"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0.05in"><B>With a copy to: </B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8.1pt 0 0.05in">Daphne G. Frydman, General Counsel</P></TD></TR>
<TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 49%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0">Pursuant to Section&nbsp;10.1(a):</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-indent: 0.25in">&#9744;&nbsp;&nbsp;&nbsp;as
        beneficial owner, Customer <FONT STYLE="text-transform: uppercase">objects</FONT> to disclosure</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-indent: 0.25in">&#9744;&nbsp;&nbsp;&nbsp;as
        beneficial owner, Customer <FONT STYLE="text-transform: uppercase">does not object</FONT> to disclosure</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0 38pt; text-indent: -20pt">&#9746;&nbsp;&nbsp;&nbsp;Custodian
        will <FONT STYLE="text-transform: uppercase">contact THE RELEVANT investment manager</FONT> with respect to relevant Securities
        to make the decision whether it objects to disclosure</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 10pt">IF NO BOX IS CHECKED, BNY MELLON <U>WILL RELEASE</U> SUCH
        INFORMATION UNTIL IT RECEIVES A CONTRARY INSTRUCTION FROM CUSTOMER.</P></TD></TR>
</TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">BNY Mellon 40 Act ETF Custody (revised 04.09-19)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>APPENDIX I </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="padding-bottom: 6pt; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">United States Oil Fund, LP</P>

<P STYLE="padding-bottom: 6pt; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">United States Natural Gas Fund, LP</P>

<P STYLE="padding-bottom: 6pt; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">United States 12 Month Oil Fund, LP</P>

<P STYLE="padding-bottom: 6pt; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">United States 12 Month Natural Gas Fund, LP</P>

<P STYLE="padding-bottom: 6pt; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">United States Brent Oil Fund, LP</P>

<P STYLE="padding-bottom: 6pt; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">United States Gasoline Fund, LP</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 6pt; margin: 0; text-align: center">United States Commodity Index Funds Trust and
each series thereof including the United States Commodity Index Fund and the United States Copper Index Fund</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

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<P STYLE="margin: 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>i20180_ex10-3.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-transform: uppercase; text-align: right"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;<IMG SRC="i20180001.jpg" ALT=""></TD>
    <TD STYLE="text-align: right; width: 50%; vertical-align: top"><B><U>Exhibit
10.3</U></B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0.25in; text-align: center"><B><U>FUND ADMINISTRATION AND
ACCOUNTING AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">THIS AGREEMENT
is made as of March 20, 2020 by and between the United States Commodity Funds, LLC (&ldquo;USCF&rdquo;) and each Limited Partnership
or Trust identified on Exhibit A-2 hereto and The Bank of New York Mellon, a New York corporation authorized to do a banking business
(&ldquo;BNY Mellon&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><U>W I T N E S S E T H</U> :</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">WHEREAS, USCF,
each Limited Partnership and each Trust desires to retain BNY Mellon to provide for each of the funds identified on Exhibit A-2
hereto (each, a &ldquo;Fund&rdquo;) the services described herein, and BNY Mellon is willing to provide such services, all as more
fully set forth below;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">NOW, THEREFORE,
in consideration of the mutual promises and agreements contained herein, the parties hereby agree as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: left"><U>Definitions.</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Whenever used
in this Agreement, unless the context otherwise requires, the following words shall have the meanings set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0in">&ldquo;<U>1933
Act</U>&rdquo; means the Securities Act of 1933, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&ldquo;<U>1934 Act</U>&rdquo; means
the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&ldquo;<U>1940 Act</U>&rdquo; means
the Investment Company Act of 1940, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Authorized
Person</U>&rdquo; shall mean each person, whether or not an officer or an employee of USCF or a Fund, duly authorized by the Board
to execute this Agreement and to give Instructions on behalf of such Fund as set forth in Exhibit B hereto and each Authorized
Person&rsquo;s scope of authority may be limited by setting forth such limitation in a written document signed by both parties
hereto. <FONT STYLE="line-height: 150%">From time to time each Fund may deliver a new Exhibit B to add or delete any person and
BNY Mellon shall be entitled to rely on the last Exhibit B actually received by BNY Mellon.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>BNY
Mellon Affiliate</U>&rdquo; shall mean any office, branch, or subsidiary of The Bank of New York Mellon Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Board</U>&rdquo;
shall mean the board of directors, board of trustees, or the board of directors of the general partner, sponsor or manager, as
applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Confidential
Information</U>&rdquo; shall have the meaning given in Section 21 of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Documents</U>&rdquo;
shall mean such other documents, including but not limited to, Board resolutions, including resolutions of the Board authorizing
the execution, delivery and performance of this Agreement by the Fund, in connection with its provision of services under this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Instructions</U>&rdquo;
shall mean Oral Instructions or written communications actually received by BNY Mellon by S.W.I.F.T., tested telex, letter, facsimile
transmission, or other method or system specified by BNY Mellon as available for use in connection with the services hereunder,
from an Authorized Person or person reasonably believed in good faith to be an Authorized Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Investment
Advisor</U>&rdquo; shall mean United States Commodity Funds, LLC, or any entity identified by USCF, a Limited Partnership or a
Trust as the entity having primary investment responsibility with respect to such Limited Partnership or Trust.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Limited
Partnership</U>&rdquo; means each of the limited partnerships for which USCF serves as the general partner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>NFA</U>&rdquo;
means the National Futures Association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Net
Asset Value</U>&rdquo; shall mean the per share value of a Fund, calculated in the manner described in the Funds&rsquo; Offering
Materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Offering
Materials</U>&rdquo; shall mean the Funds&rsquo; currently effective prospectus and most recently filed registration statement
with the SEC relating to shares of the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Organizational
Documents</U>&rdquo; shall mean certified copies of a each Limited Partnership&rsquo;s or Trust&rsquo;s articles of incorporation,
certificate of incorporation, certificate of formation or organization, certificate of limited partnership, bylaws, limited partnership
agreement, memorandum of association, limited liability company agreement, or operating agreement, , as applicable, and with respect
to each Fund, its confidential offering memorandum, material contracts, Offering Materials, all SEC exemptive orders issued to
a Fund, required filings or similar documents of formation or organization, as applicable, delivered to and received by BNY Mellon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Oral
Instructions</U>&rdquo; shall mean oral instructions received by BNY Mellon under permissible circumstances specified by BNY Mellon,
in its sole discretion, as being from an Authorized Person or person reasonably believed in good faith by BNY Mellon to be an Authorized
Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&ldquo;<U>SEC</U>&rdquo; means the
United States Securities and Exchange Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&ldquo;<U>Securities Laws</U>&rdquo;
means the 1933 Act and the 1934 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Shares</U>&rdquo;
means the shares of beneficial interest of any Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">&ldquo;<U>Trust</U>&rdquo;
means each of the Delaware statutory trusts for which USCF serves as the sponsor, and collectively, the &ldquo;Trusts&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Appointment.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.5in">USCF on behalf
of each Limited Partnership, each Trust and each Fund hereby appoints BNY Mellon as its agent for the term of this Agreement to
perform the administration and accounting services described herein, for the period and on the terms set forth in this Agreement.
BNY Mellon hereby accepts such appointment and agrees to perform the duties hereinafter set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties of USCF, each Limited Partnership, each Trust and each Fund.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in">USCF hereby
represents and warrants to BNY Mellon on behalf of USCF, each Limited Partnership, and each Trust, which representations and warranties
shall be deemed to be continuing, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is duly organized and existing under the laws of the jurisdiction of its organization, with full power to carry on its
business as now conducted, to enter into this Agreement and to perform its obligations hereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Agreement has been duly authorized, executed and delivered by USCF in accordance with all requisite action of the USCF
Board and constitutes a valid and legally binding obligation of USCF, enforceable in accordance with its terms;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>USCF, each Limited Partnership, and each Trust is in good standing and qualified to do business in each jurisdiction in
which the nature or conduct of its business requires such qualification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>USCF, each Limited Partnership, and each Trust is conducting its business in material compliance with all applicable laws
and regulations, both state and federal, has made and will continue to make the necessary filings including tax filings to carry
on its business as now conducted and has obtained the regulatory licenses, approvals and consents necessary to carry on its business
as now conducted; there is no statute, regulation, rule, order or judgment binding on it and no provision of its Organizational
Documents, nor of any mortgage, indenture, credit agreement or other contract binding on it or affecting its property which would
prohibit its execution or performance of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="line-height: 150%">The method of valuation of securities and the method of computing the Net Asset Value shall
be as set forth in the Offering Materials of the Funds. </FONT>To the extent the performance of any services described in Schedule
I attached hereto by BNY Mellon in accordance with the then effective Offering Materials for the Fund would violate any applicable
laws or regulations, the Fund shall immediately so notify BNY Mellon in writing and thereafter shall either furnish BNY Mellon
with the appropriate values of securities, net asset value or other computation, as the case may be, or, instruct BNY Mellon in
writing to value securities and/or compute Net Asset Value or other computations in a manner that USCF or the Fund specifies in
writing, and either the furnishing of such values or the giving of such instructions shall constitute a representation by USCF
or the Fund that the same is consistent with all applicable laws and regulations and with its Offering Materials, all subject to
confirmation by BNY Mellon as to its capacity to act in accordance with the foregoing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The terms of this Agreement, the fees and expenses associated with this Agreement and any benefits accruing to BNY Mellon
or to USCF, each Limited Partnership and each Trust in connection with this Agreement, including but not limited to any fee waivers,
conversion cost reimbursements, upfront payments, signing payments or periodic payments made or to be made by BNY Mellon to USCF
or any affiliate of a Fund relating to this Agreement have been fully disclosed to the Board of USCF and that, if required by applicable
law, such Board has approved or will approve the terms of this Agreement, any such fees and expenses and any such benefits;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each person named on Exhibit B hereto is duly authorized to be an Authorized Person of USCF and/or the Fund hereunder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It has implemented, and is acting in accordance with, procedures reasonably designed to ensure that it will disseminate
to all market participants, other than Authorized Participants (as defined in its Prospectus and Statement of Additional Information),
each calculation of net asset value provided by BNY hereunder to Authorized Participants at the time BNY Mellon provides such calculation
to Authorized Participants; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>USCF acknowledges, agrees and covenants that, notwithstanding references to USCF included in this Agreement, the services
contemplated by this Agreement are being provided to the Funds; provided, however, that USCF may issue Instructions in connection
with the services for and on behalf of the Funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Representations and Warranties of BNY Mellon:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">BNY Mellon represents and warrants to USCF, each Limited Partnership
and each Trust, which representations and warranties shall be deemed to be continuing, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">BNY Mellon is a corporation, duly organized and existing under the laws of the State of New
York</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">BNY Mellon is duly qualified to carry on its business in the State of New York;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">BNY Mellon is empowered under applicable laws and by its charter and by-laws to enter into
and perform this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">all requisite corporate proceedings have been taken to authorize BNY Mellon to enter into
and perform this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">BNY Mellon has, and will continue to have, access to the facilities, personnel and equipment
required to fully perform its duties and obligations hereunder;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">BNY Mellon has adopted and implemented written policies and procedures reasonably designed
to comply with Rule 38a-1 under the 1940 Act; it will review the adequacy of such policies and procedures and will, on a quarterly
basis, provide an attestation to the Funds as to whether there have been any material changes to such policies and procedures;
and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">It covenants that there shall remain throughout the term of this Agreement, in full force
and effect (i) professional indemnity insurance, which is errors and omissions insurance, and (ii) errors and omissions insurance,
protecting BNY Mellon against liability or loss for a breach of fiduciary responsibility, and the coverage limitations of such
policy equal or exceed $10 million in the aggregate annually, and BNY Mellon agrees that it will not materially reduce any of such
coverages while this Agreement is in effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Delivery of Documents.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">USCF shall promptly
provide, deliver, or cause to be delivered from time to time, to BNY Mellon the Organizational Documents <FONT STYLE="line-height: 150%">and
</FONT>Documents and other materials used in the distribution of Shares and all amendments thereto as may be necessary for BNY
Mellon to perform its duties hereunder. BNY Mellon shall not be deemed to have notice of any information (other than information
supplied by BNY Mellon) contained in such Organizational Documents, Documents or other materials until they are actually received
by BNY Mellon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Duties and Obligations of BNY Mellon.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to the direction and control of USCF, each Fund and the provisions of this Agreement, BNY Mellon shall provide to
each Fund the administrative services and the valuation and computation services listed on Schedule I attached hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In performing hereunder, BNY Mellon shall provide, at its expense, office space, facilities, equipment and personnel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>BNY Mellon shall not provide any services relating to the management, investment advisory or sub-advisory functions of any
Fund, distribution of shares of any Fund, or other services normally performed by the Funds&rsquo; respective counsel or independent
auditors and the services provided by BNY Mellon do not constitute, nor shall they be construed as constituting, legal advice or
the provision of legal services for or on behalf of the Fund or any other person, and each Fund acknowledges that BNY Mellon does
not provide public accounting or auditing services or advice and will not be making any tax filings, or doing any tax reporting
on its behalf, other than those specifically agreed to hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> If USCF and the Funds determine that new or revised regulatory or other requirements necessitate expanding the scope of
the services provided pursuant to this Agreement, BNY Mellon agrees to work in good faith to mutually agree upon modifications
to the scope of services and related fees. For the avoidance of doubt, the scope of services provided by BNY Mellon under this
Agreement shall not be increased as a result of new or revised regulatory or other requirements that may become applicable with
respect to the Funds, unless the parties hereto expressly agree in writing to any such increase in the scope of services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>USCF on its own behalf and on behalf of each Limited Partnership, each Trust and each Fund, as applicable, shall cause its
officers, advisors, sponsor, distributor, legal counsel, independent accountants, current administrator (if any), transfer agent,
and any other service provider to cooperate with BNY Mellon and to provide BNY Mellon, upon request, with such information, documents
and advice relating to such Fund as is within the possession or knowledge of such persons, and which in the opinion of BNY Mellon,
is necessary in order to enable BNY Mellon to perform its duties hereunder. In connection with its duties hereunder, BNY Mellon
shall not be responsible for, under any duty to inquire into, or be deemed to make any assurances with respect to the accuracy,
validity or propriety of any information, documents or advice provided to BNY Mellon by any of the aforementioned persons. BNY
Mellon shall not be liable for any loss, damage or expense resulting from or arising out of the failure of the Fund, or USCF in
its behalf, to cause any information, documents or advice to be provided to BNY Mellon as provided herein and shall be held harmless
by USCF and each Fund when acting in reliance upon such information, documents or advice relating to such Fund. All fees or costs
charged by such persons shall be borne by USCF. In the event that any services performed by BNY Mellon hereunder rely, in whole
or in part, upon information obtained from a third party service utilized or subscribed to by BNY Mellon which BNY Mellon in its
reasonable judgment deems reliable, BNY Mellon shall not have any responsibility or liability for, under any duty to inquire into,
or deemed to make any assurances with respect to, the accuracy or completeness of such information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Nothing in this Agreement shall limit or restrict BNY Mellon, any BNY Mellon Affiliate or any officer or employee thereof
from acting for or with any third parties, and providing services similar or identical to same or all of the services provided
hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each Fund shall furnish BNY Mellon with any and all instructions, explanations, information, specifications and documentation
deemed necessary by BNY Mellon in the performance of its duties hereunder, including, without limitation, the amounts or written
formula for calculating the amounts and times of accrual of a Fund&rsquo;s liabilities and expenses, and the value of any securities
lending related collateral investment account(s). BNY Mellon shall not be required to include as Fund liabilities and expenses,
nor as a reduction of net asset value, any accrual for any federal, state, or foreign income taxes unless the Fund shall have specified
to BNY Mellon in Instructions the precise amount of the same to be included in liabilities and expenses or used to reduce net asset
value. Each Fund shall also furnish BNY Mellon with bid, offer, or market values of securities if BNY Mellon notifies such Fund
that same are not available to BNY Mellon from a security pricing or similar service utilized, or subscribed to, by BNY Mellon
which the Fund directs BNY Mellon to utilize, and which BNY Mellon in its judgment deems reliable at the time such information
is required for calculations hereunder. At any time and from time to time, the Fund also may furnish BNY Mellon with bid, offer,
or market values of securities and instruct BNY Mellon in Instructions to use such information in its calculations hereunder. BNY
Mellon shall at no time be required or obligated to commence or maintain any utilization of, or subscriptions to, any securities
pricing or similar service. In no event shall BNY Mellon be required to determine, or have any obligations with respect to, whether
a market price represents any fair or true value, nor to adjust any price to reflect any events or announcements, including, without
limitation, those with respect to the issuer thereof, it being agreed that all such determinations and considerations shall be
solely for the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>BNY Mellon may apply to an Authorized Person of USCF or any Fund for Instructions with respect to any matter arising in
connection with BNY Mellon&rsquo;s performance hereunder for such Fund, and BNY Mellon shall not be liable for any action taken
or omitted to be taken by it in good faith without negligence or willful misconduct in accordance with such Instructions. Such
application for Instructions may, at the option of BNY Mellon, set forth in writing any action proposed to be taken or omitted
to be taken by BNY Mellon with respect to its duties or obligations under this Agreement and the date on and/or after which such
action shall be taken. BNY Mellon shall not be liable for any action taken or omitted to be taken in accordance with a proposal
included in any such application on or after the date specified therein unless, prior to taking or omitting to take any such action,
BNY Mellon has received Instructions from an Authorized Person in response to such application specifying the action to be taken
or omitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>BNY Mellon may, at USCF&rsquo;s expense, consult with counsel to USCF, a Limited Partnership or a Trust or, at its own expense,
its own counsel, and shall be fully protected with respect to anything done or omitted by it in accordance with the advice or opinion
of such counsel provided that (i) BNY Mellon acted in good faith; and (ii) BNY Mellon&rsquo;s actions are consistent with its rights
and responsibilities under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding any other provision contained in this Agreement or Schedule I attached hereto, BNY Mellon shall have no
duty or obligation with respect to, including, without limitation, any duty or obligation to determine, or advise or notify any
Fund of: (i) the taxable nature of any distribution or amount received or deemed received by, or payable to, a Fund, (ii) the taxable
nature or effect on a Fund or its shareholders of any corporate actions, class actions, tax reclaims, tax refunds or similar events,
(iii) the taxable nature or taxable amount of any distribution or dividend paid, payable or deemed paid, by a Fund to its shareholders;
or (iv) the effect under any federal, state, or foreign income tax laws of a Fund making or not making any distribution or dividend
payment, or any election with respect thereto. Further, BNY Mellon is not responsible for the identification of securities requiring
U.S. tax treatment that differs from treatment under U.S. generally accepted accounting principles. BNY Mellon is solely responsible
for processing such securities, as identified by the Fund or its Authorized Persons, in accordance with U.S. tax laws and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>BNY Mellon shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically
set forth in this Agreement and Schedule I attached hereto, and no covenant or obligation shall be implied against BNY Mellon in
connection with this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>BNY Mellon, in performing the services required of it under the terms of this Agreement, shall be entitled to rely fully
on the accuracy and validity of any and all Instructions, explanations, information, specifications, Documents and documentation
furnished to it by a Fund and shall have no duty or obligation to review the accuracy, validity or propriety of such Instructions,
explanations, information, specifications, Documents or documentation, including, without limitation, evaluations of securities;
the amounts or formula for calculating the amounts and times of accrual of Funds&rsquo; or Series&rsquo; liabilities and expenses;
the amounts receivable and the amounts payable on the sale or purchase of securities; and amounts receivable or amounts payable
for the sale or redemption of Fund Shares effected by or on behalf of a Fund.&nbsp; In the event BNY Mellon&rsquo;s computations
hereunder rely, in whole or in part, upon information, including, without limitation, bid, offer or market values of securities
or other assets, or accruals of interest or earnings thereon, from a pricing or similar service utilized, or subscribed to, by
BNY Mellon which the Fund directs BNY Mellon to utilize, and which BNY Mellon in its judgment deems reliable, BNY Mellon shall
not be responsible for, under any duty to inquire into, or deemed to make any assurances with respect to, the accuracy or completeness
of such information. Without limiting the generality of the foregoing, BNY Mellon shall not be required to inquire into any valuation
of securities or other assets by a Fund or any third party described in this sub-section (k) even though BNY Mellon in performing
services similar to the services provided pursuant to this Agreement for others may receive different valuations of the same or
different securities of the same issuers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>BNY Mellon, in performing the services required of it under the terms of this Agreement, shall not be responsible for determining
whether any interest accruable to a Fund is or will be actually paid, but will accrue such interest until otherwise instructed
by such Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>BNY Mellon shall establish and maintain a disaster recovery plan and back-up system satisfying the requirements of its regulators
(the &ldquo;<U>Disaster Recovery Plan and Back-Up System</U>&rdquo;). BNY Mellon shall not be responsible for damages (including
without limitation damages caused by delays, failure, errors, interruption or loss of data) which occurring directly or indirectly
by reason of circumstances beyond its reasonable control in the performance of its duties under this Agreement, including, without
limitation, labor difficulties within or without BNY Mellon, mechanical breakdowns, flood or catastrophe, acts of God, failures
of transportation, interruptions, loss, or malfunctions of utilities, action or inaction of civil or military authority, national
emergencies, public enemy, war, terrorism, riot, sabotage, non-performance by a third party, failure of the mails, communications,
computer (hardware or software) services, or functions or malfunctions of the internet, firewalls, encryption systems or security
devices caused by any of the above, provided that BNY Mellon has established and is maintaining the Disaster Recovery Plan and
Back-Up System, or if not, that such delay or failure would have occurred even if BNY Mellon had established and was maintaining
the Disaster Recovery Plan and Back-Up System. Upon the occurrence of any such delay or failure the BNY Mellon shall use commercially
reasonable best efforts to resume performance as soon as practicable under the circumstances. Nor shall BNY Mellon be responsible
for delays or failures to supply the information or services specified in this Agreement where such delays or failures are caused
by the failure of any person(s) other than BNY Mellon to supply any instructions, explanations, information, specifications or
documentation deemed necessary by BNY Mellon in the performance of its duties under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Allocation of Expenses.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Except as otherwise
provided herein, all costs and expenses arising or incurred in connection with the performance of this Agreement shall be paid
by USCF, including but not limited to, organizational costs and costs of maintaining corporate existence, taxes, interest, brokerage
fees and commissions, insurance premiums, compensation and expenses of those acting on behalf of such Fund, including any trustees,
directors, officers or employees, legal, accounting and audit expenses, management, advisory, sub-advisory, administration and
shareholder servicing fees, charges of custodians, transfer and dividend disbursing agents, expenses (including clerical expenses)
incident to the issuance, redemption or repurchase of Fund shares or membership interests, as applicable, fees and expenses incident
to the registration or qualification under the Securities Laws, state or other applicable securities laws of the Fund or its shares
or membership interests, as applicable, costs (including printing and mailing costs) of preparing and distributing Offering Materials,
reports, notices and proxy material to such Fund&rsquo;s shareholders or members, as applicable, all expenses incidental to holding
meetings of the trustees or directors acting on behalf of a Fund and Fund shareholders, and extraordinary expenses as may arise,
including litigation affecting such Fund and legal obligations relating thereto for which the Fund may have to indemnify any trustees,
directors, officers, managers, and/or members acting on its behalf, as may be applicable. BNY Mellon will bear its own expenses
in connection with the performance of the services under this Agreement except as provided herein or as agreed to by the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Portfolio Compliance Services.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If Schedule I contains a requirement for BNY Mellon to provide the Fund with portfolio compliance services, such services
shall be provided pursuant to the terms of this Section 8 (the &ldquo;Portfolio Compliance Services&rdquo;). The precise compliance
review and testing services to be provided shall be as directed by each Fund and as mutually agreed between BNY Mellon and such
Fund, and the results of BNY Mellon&rsquo;s Portfolio Compliance Services shall be detailed in a portfolio compliance summary report
(the &ldquo;Compliance Summary Report&rdquo;) prepared on a periodic basis as mutually agreed. Each Compliance Summary Report shall
be subject to review and approval by the Fund. BNY Mellon shall have no responsibility or obligation to provide Portfolio Compliance
Services other that those services specifically listed in Schedule I.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>USCF, on behalf of each Fund, will examine each Compliance Summary Report delivered to it by BNY Mellon and notify BNY Mellon
of any error, omission or discrepancy within ten (10) days of its receipt. USCF, on behalf of each Fund, agrees to notify BNY Mellon
promptly in writing if it fails to receive any such Compliance Summary Report. USCF, on behalf of each Fund, further acknowledges
that unless it notifies BNY Mellon of any error, omission or discrepancy within 10 days, such Compliance Summary Report shall be
deemed final and shall not be reissued. In addition, if USCF or the Fund learns of any out-of-compliance condition before receiving
a Compliance Summary Report reflecting such condition, USCF or the Fund will notify BNY Mellon of such condition within one (1)
business day after discovery thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>While BNY Mellon will endeavor to identify out-of-compliance conditions, BNY Mellon does not and could not for the fees
charged, make any guarantees, representations or warranties with respect to its ability to identify all such conditions. In the
event of any errors or omissions in the performance of Portfolio Compliance Services, USCF&rsquo;s and the Fund&rsquo;s sole and
exclusive remedy and BNY Mellon&rsquo;s sole liability shall be limited to re-performance by BNY Mellon of the Portfolio Compliance
Services affected and in connection therewith the correction of any error or omission, if practicable and the preparation of a
corrected report, at no cost to the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Regulatory Administration Services.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If Schedule I contains a requirement for BNY Mellon to provide the Fund with compliance support services and/or Regulatory
Administration services, such services shall be provided pursuant to the terms of this Section 9 (such services, collectively hereinafter
referred to as the &ldquo;Regulatory Support Services&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything in this Agreement to the contrary, the Regulatory Support Services provided by BNY Mellon under
this Agreement are administrative in nature and do not constitute, nor shall they be construed as constituting, legal advice or
the provision of legal services for or on behalf of the Fund or any other person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>All work product produced by BNY Mellon in connection with its provision of Regulatory Support Services under this Agreement
is subject to review and approval by USCF on behalf of the Fund and by the legal counsel for USCF on behalf of the Fund. The Regulatory
Support Services performed by BNY Mellon under this Agreement will be at the request and direction of USCF, on behalf of the Funds,
and/or its chief compliance officer (the &ldquo;CCO&rdquo;), as applicable. BNY Mellon disclaims liability to the Fund and USCF,
and USCF is solely responsible, for the selection, qualifications and performance of the CCO and the adequacy and effectiveness
of the compliance program applicable to the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Standard of Care; Indemnification.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In performing its duties under this Agreement, BNY Mellon shall exercise the standard of care and diligence that a professional
provider of fund administration and accounting services would observe in these affairs. Except as otherwise provided herein, BNY
Mellon and any BNY Mellon Affiliate shall not be liable for any costs, expenses, damages, liabilities or claims (including attorneys&rsquo;
and accountants&rsquo; fees) incurred by or asserted against a Fund, except those costs, expenses, damages, liabilities or claims
arising out of BNY Mellon&rsquo;s own bad faith, negligence or willful misconduct. In no event shall BNY Mellon or any BNY Mellon
Affiliate be liable to any Fund or any third party for any special, indirect or consequential damages, or lost profits or loss
of business, arising under or in connection with this Agreement, even if previously informed of the possibility of such damages
and regardless of the form of action. BNY Mellon and any BNY Mellon Affiliate shall not be liable for any loss, damage or expense,
including counsel fees and other costs and expenses of a defense against any claim or liability, resulting from, arising out of,
or in connection with its performance hereunder, including its actions or omissions, the incompleteness or inaccuracy of any specifications
or other information furnished by or on behalf of the Fund, or for delays caused by circumstances beyond BNY Mellon&rsquo;s reasonable
control, unless such loss, damage or expense arises out of the bad faith, negligence or willful misconduct of BNY Mellon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of USCF and each Fund shall, severally and not jointly, indemnify and hold harmless BNY Mellon and any BNY Mellon Affiliate
from and against any and all costs, expenses, damages, liabilities and claims (including claims asserted by a Fund), and reasonable
attorneys&rsquo; and accountants&rsquo; fees relating thereto, which are sustained or incurred or which may be asserted against
BNY Mellon or any BNY Mellon Affiliate, by reason of or as a result of any action taken or omitted to be taken by BNY Mellon or
any BNY Mellon Affiliate without bad faith, negligence, or willful misconduct, or in reliance upon (i) any law, act, regulation
or interpretation of the same, (ii) such Fund&rsquo;s Offering Materials or Documents (excluding information provided by BNY Mellon),
(iii) any Instructions, or (iv) any opinion of legal counsel for such Fund or BNY Mellon, or arising out of transactions or other
activities of such Fund which occurred prior to the commencement of this Agreement; <U>provided</U>, that neither USCF nor any
Fund shall indemnify BNY Mellon nor any BNY Mellon Affiliate for costs, expenses, damages, liabilities or claims for which BNY
Mellon or any BNY Mellon Affiliate is liable under the preceding sub-section 10(a). This indemnity shall be a continuing obligation
of USCF and each Fund, its successors and assigns, notwithstanding the termination of this Agreement. Without limiting the generality
of the foregoing, USCF and each Fund, severally but not jointly, shall indemnify BNY Mellon and any BNY Mellon Affiliate against
and save BNY Mellon and any BNY Mellon Affiliate harmless from any loss, damage or expense, including counsel fees and other costs
and expenses of a defense against any claim or liability, arising from any one or more of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">I.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Errors in records or instructions, explanations, information, specifications or documentation of any kind, as the case may
be, supplied to BNY Mellon by any third party described in Section 6(c) above or by or on behalf of a Fund;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">II.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Action or inaction taken or omitted to be taken by BNY Mellon or any BNY Mellon Affiliate pursuant to Instructions of the
Fund or otherwise without negligence, bad faith or willful misconduct;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">III.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any action taken or omitted to be taken by BNY Mellon in good faith in accordance with the advice or opinion of counsel
for a Fund or its own counsel;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">IV.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any improper use by a Fund or its agents, distributor or investment advisor of any valuations or computations supplied by
BNY Mellon pursuant to this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">V.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The method of valuation of the securities and the method of computing each Fund&rsquo;s net asset value; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">VI.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any valuations of securities, other assets, or the net asset value provided by a Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Actions taken or omitted in reliance on Instructions or upon any information, order, indenture, stock certificate, membership
certificate, power of attorney, assignment, affidavit or other instrument believed by BNY Mellon in good faith to be from an Authorized
Person, or upon the opinion of legal counsel for a Fund or its own counsel, shall be conclusively presumed to have been taken or
omitted in good faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Compensation.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">For the services
provided hereunder, USCF agrees to pay BNY Mellon such compensation as is mutually agreed to in writing by USCF and BNY Mellon
from time to time and such out-of-pocket expenses (<U>e.g.</U>, telecommunication charges, postage and delivery charges, costs
of independent compliance reviews, record retention costs, reproduction charges and transportation and lodging costs) as are incurred
by BNY Mellon in performing its duties hereunder. Except as hereinafter set forth, compensation shall be calculated and accrued
daily and paid monthly. In the event USCF fails to make payment of compensation owed to BNY Mellon, each Fund authorizes BNY Mellon
to debit such Fund&rsquo;s custody account for all amounts due and payable hereunder. BNY Mellon shall deliver to USCF invoices
for services rendered. Upon termination of this Agreement before the end of any month, the compensation for such part of a month
shall be prorated according to the proportion which such period bears to the full monthly period and shall be payable upon the
effective date of termination of this Agreement. For the purpose of determining compensation payable to BNY Mellon, each Fund&rsquo;s
net asset value shall be computed at the times and in the manner specified in the Fund&rsquo;s Offering Materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Records; Visits.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
books and records pertaining to each Trust and each Fund which are in the possession or under the control of BNY Mellon shall be
the property of each Trust and each Fund, as applicable. USCF, each Trust and each Fund and Authorized Persons shall have access
to such books and records at all times during BNY Mellon&rsquo;s normal business hours. Upon the reasonable request of USCF, a
Trust or a Fund, copies of any such books and records shall be provided by BNY Mellon to USCF, a Trust or a Fund or to an Authorized
Person, at USCF&rsquo;s expense.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNY
Mellon shall keep all books and records with respect to each Fund&rsquo;s books of account, records of each Fund&rsquo;s securities
transactions and all other books and records of each Fund, if any, listed in Schedule I. Except as otherwise authorized by USCF,
the Funds or their agents, all such records (other than those which are not of a material nature) shall be preserved by BNY Mellon
(x) for a period of at least six (6) years, unless delivered to a duly appointed successor or to the Funds and (y) in accordance
with applicable Commodity Futures Trading Commission (&ldquo;CFTC&rdquo;) Regulation 1.31 in connection with the services provided
hereunder. BNY Mellon agrees to assist the applicable Fund with their compliance with CFTC Regulation 4.23 by preparing and furnishing
to the applicable Fund the statement required by paragraph (c)(2) thereof. BNY Mellon will maintain such other records as requested
by USCF, each Trust or each Fund and received by BNY Mellon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Term of Agreement.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement shall be effective on the date first written above and, unless terminated pursuant to its terms, shall continue until
11:59 PM on the date which is the third anniversary of such date (the &ldquo;Initial Term&rdquo;), at which time this Agreement
shall terminate, unless renewed in accordance with the terms hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement shall automatically renew for successive terms of one (1) year each (each, a &ldquo;Renewal Term&rdquo;), unless the
Fund or BNY Mellon gives written notice to the other party of its intent not to renew and such notice is received by the other
party not less than ninety (90) days prior to the expiration of the Initial Term or the then-current Renewal Term (a &ldquo;Non-Renewal
Notice&rdquo;). In the event a party provides a Non-Renewal Notice, this Agreement shall terminate at 11:59 PM on the last day of
the Initial Term or Renewal Term, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a party materially breaches this Agreement (a &ldquo;Defaulting Party&rdquo;) the other party (the &ldquo;Non-Defaulting Party&rdquo;)
may give written notice thereof to the Defaulting Party (&ldquo;Breach Notice&rdquo;), and if such material breach shall not have
been remedied within thirty (30) days after the Breach Notice is given, then the Non Defaulting Party may terminate this Agreement
by giving written notice of termination to the Defaulting Party (&ldquo;Breach Termination Notice&rdquo;), in which case this Agreement
shall terminate as of 11:59 PM on the 90th day following the date the Breach Termination Notice is given, or such later date as
may be specified in the Breach Termination Notice (but not later than the last day of the Initial Term or then-current Renewal
Term, as appropriate). In all cases, termination by the Non-Defaulting Party shall not constitute a waiver by the Non-Defaulting
Party of any other rights it might have under this Agreement or otherwise against the Defaulting Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any other provision of this Agreement, BNY Mellon may in its sole discretion terminate this Agreement immediately by sending notice
thereof to the Fund upon the happening of any of the following: (i) the Fund commences as debtor any case or proceeding under
any bankruptcy, insolvency or similar law, or there is commenced against the Fund any such case or proceeding; (ii) the Fund commences
as debtor any case or proceeding seeking the appointment of a receiver, conservator, trustee, custodian or similar official for
the Fund or any substantial part of its property or there is commenced against the Fund any such case or proceeding; (iii) the
Fund makes a general assignment for the benefit of creditors; or (iv) the Fund admits in any recorded medium, written, electronic
or otherwise, its inability to pay its debts as they come due. BNY Mellon may exercise its termination right under this Section
13(d) at any time after the occurrence of any of the foregoing events notwithstanding that such event may cease to be continuing
prior to such exercise, and any delay in exercising this right shall not be construed as a waiver or other extinguishment of that
right. Any exercise by BNY Mellon of its termination right under this Section 13(d) shall be without any prejudice to any other
remedies or rights available to BNY Mellon and shall not be subject to any fee or penalty, whether monetary or equitable. Notwithstanding
the provisions of Section 18, notice of termination under this Section 13(d) shall be considered given and effective when given,
not when received.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to any Fund that is a series of a Delaware statutory trust identified on Exhibit A-1 (for the purposes of this Section
13(e), each, a &ldquo;Delaware Trust&rdquo;), BNY Mellon agrees to look solely to the assets of each series of such Delaware Trust
(each, a &ldquo;Trust Series&rdquo;) and to USCF and its assets in respect of any claim against or obligation of such Trust Series.
BNY Mellon acknowledges and agrees that liability of a Trust Series, as a series of a Delaware Trust, is limited pursuant to Section
3804(a) of the Delaware Statutory Trust Act, such that (a) the debts, liabilities, obligations and expenses incurred, contracted
for or otherwise existing with respect to a Trust Series shall be enforceable against the assets of such Trust Series only, and
not against the assets of the Delaware Trust generally or the assets of any other series of the Delaware Trust, and (b) none of
the debts, liabilities, obligations and expenses incurred, contracted for, or otherwise existing with respect to the Delaware Trust
generally and any other series of the Delaware Trust shall be enforceable against the assets of such Trust Series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Amendment.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in">This Agreement
may not be amended, changed or modified in any manner except by a written agreement executed by BNY Mellon and the Fund to be bound
thereby, and authorized or approved by such Fund&rsquo;s Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Assignment; Subcontracting.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement shall extend to and shall be binding upon the parties hereto, and their respective successors and assigns; provided,
however, that this Agreement shall not be assignable or delegable by any Fund without the written consent of BNY Mellon, or by
BNY Mellon without the written consent of the affected Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing: (i) BNY Mellon may assign or transfer this Agreement to any BNY Mellon Affiliate or transfer this Agreement in connection
with a sale of a majority or more of its assets, equity interests or voting control, provided that BNY Mellon gives the Funds thirty
(30) days&rsquo; prior written notice of such assignment or transfer and such assignment or transfer does not impair the provision of
services under this Agreement in any material respect, and the assignee or transferee agrees to be bound by all terms of this Agreement
in place of BNY Mellon; (ii) BNY Mellon may subcontract with, hire, engage or otherwise outsource to any BNY Mellon Affiliate with
respect to the performance of any one or more of the functions, services, duties or obligations of BNY Mellon under this Agreement
but any such subcontracting, hiring, engaging or outsourcing shall not relieve BNY Mellon of any of its liabilities hereunder;
(iii) BNY Mellon may subcontract with, hire, engage or otherwise outsource to an unaffiliated third party with respect to the performance
of any one or more of the functions, services, duties or obligations of BNY Mellon under this Agreement but any such subcontracting,
hiring, engaging or outsourcing shall (A) require the prior written consent of the Fund and (B) limit BNY Mellon&rsquo;s liability
such that BNY Mellon shall only be liable for failure to reasonably select such unaffiliated third party, and BNY Mellon shall
have no liability for any acts or omissions to act of such unaffiliated third party; and (iv) BNY Mellon, in the course of providing
certain additional services requested by a Fund, including but not limited to, Typesetting, Money Market Fund or eBoard Book services
(&ldquo;Vendor Eligible Services&rdquo;) as further described in Schedule I, may in its sole discretion, enter into an agreement
or agreements with a financial printer, or electronic services provider (&ldquo;Vendor&rdquo;) to provide BNY Mellon with the ability
to generate certain reports or provide certain functionality. BNY Mellon shall not be obligated to perform any of the Vendor Eligible
Services unless an agreement between BNY Mellon and the Vendor for the provision of such services is then-currently in effect,
and shall only be liable for the failure to reasonably select the Vendor. Upon request, BNY Mellon will disclose the identity of
the Vendor and the status of the contractual relationship, and a Fund is free to attempt to contract directly with the Vendor for
the provision of the Vendor Eligible Services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
compensation for the Vendor Eligible Services rendered by BNY Mellon pursuant to this Agreement, USCF will pay to BNY Mellon such
fees as may be agreed to in writing by USCF and BNY Mellon. In the event USCF fails to make payment of such fees owed to BNY Mellon
contemplated by this Section 15(c), each Fund authorizes BNY Mellon to debit such Fund&rsquo;s custody account for all such fees.
In turn, BNY Mellon will be responsible for paying the Vendor&rsquo;s fees. For the avoidance of doubt, BNY Mellon anticipates
that the fees it charges hereunder will be more than the fees charged to it by the Vendor, and BNY Mellon will retain the difference
between the amount paid to BNY Mellon hereunder and the fees BNY Mellon pays to the Vendor as compensation for the additional services
provided by BNY Mellon in the course of making the Vendor Eligible Services available to the Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Governing Law; Consent to Jurisdiction.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in">This Agreement
shall be construed in accordance with the laws of the State of New York, without regard to conflict of laws principles thereof.
Each party hereto hereby consents to the jurisdiction of a state or federal court situated in New York City, New York in connection
with any dispute arising hereunder, and waives to the fullest extent permitted by law its right to a trial by jury. To the extent
that in any jurisdiction any Fund may now or hereafter be entitled to claim, for itself or its assets, immunity from suit, execution,
attachment (before or after judgment) or other legal process, such Fund irrevocably agrees not to claim, and it hereby waives,
such immunity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Severability.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in">In case
any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity,
legality and enforceability of the remaining provisions or obligations shall not in any way be affected or impaired thereby, and
if any provision is inapplicable to any person or circumstances, it shall nevertheless remain applicable to all other persons and
circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>No Waiver.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 6pt 0; text-align: justify; text-indent: 0.5in">Each and
every right granted to BNY Mellon hereunder or under any other document delivered hereunder or in connection herewith, or allowed
it by law or equity, shall be cumulative and may be exercised from time to time. No failure on the part of BNY Mellon to exercise,
and no delay in exercising, any right will operate as a waiver thereof, nor will any single or partial exercise by BNY Mellon of
any right preclude any other or future exercise thereof or the exercise of any other right. Each and every right granted to USCF,
each Limited Partnership, each Trust and each of the Funds hereunder shall be cumulative and may be exercised from time to time.
No failure on the part of USCF, a Limited Partnership, a Trust or a Fund to exercise, and no delay in exercising, any right will
operate as a waiver thereof, nor will any single or partial exercise by USCF, a Limited Partnership, a Trust or a Fund of any right
preclude any other or future exercise thereof or the exercise of any other right.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Notices.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">All notices,
requests, consents and other communications pursuant to this Agreement in writing shall be sent as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">if to USCF, at</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">United States Commodity
Funds, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1850 Mt. Diablo Blvd.,
Suite 640</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Walnut Creek, CA 94596</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Attention: John P. Love, President and CEO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-indent: 0.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">United States Commodity
Funds, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1850 Mt. Diablo Blvd.,
Suite 640</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Walnut Creek, CA 94596</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Attention: Daphne Frydman, General Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">if to BNY Mellon,
at</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in 0.5in">BNY Mellon<BR>
2 Hanson Place<BR>
Brooklyn, NY 11217<BR>
Attention: ETF Operations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-indent: 0.5in">with a copy to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in 0.5in">The Bank of New York Mellon<BR>
240 Greenwich Street<BR>
New York, New York 10286<BR>
Attention: Legal Dept. &ndash; Asset Servicing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">or at such other place as may from
time to time be designated in writing. Notices hereunder shall be effective upon receipt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">20.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Counterparts</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">This Agreement
may be executed in any number of counterparts, each of which shall be deemed to be an original; but such counterparts together
shall constitute only one instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">21.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Several Obligations.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">The parties
acknowledge that the obligations of the Funds hereunder are several and not joint, that no Fund shall be liable for any amount
owing by another Fund and that the Funds have executed one instrument for convenience only.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">22.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;
</FONT><U>Confidentiality</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 1in; margin-top: 0; margin-right: 0; margin-left: 0"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Each party shall keep confidential any information relating to the other party&rsquo;s business
(&ldquo;<U>Confidential Information</U>&rdquo;). Confidential Information shall include (a) any data or information that is competitively
sensitive material, and not generally known to the public, including, but not limited to, information about product plans, marketing
strategies, finances, operations, customer relationships, customer profiles, customer lists, sales estimates, business plans, and
internal performance results relating to the past, present or future business activities of USCF or a Fund or BNY Mellon and their
respective subsidiaries and affiliated companies; (b) any scientific or technical information, design, process, procedure, formula,
or improvement that is commercially valuable and secret in the sense that its confidentiality affords USCF or a Fund or BNY Mellon
a competitive advantage over its competitors; (c) all confidential or proprietary concepts, documentation, reports, data, specifications,
computer software, source code, object code, flow charts, databases, inventions, know-how, and trade secrets, whether or not patentable
or copyrightable; and (d) anything designated as confidential. Notwithstanding the foregoing, information shall not be Confidential
Information and shall not be subject to such confidentiality obligations if it: (a) is already known to the receiving party at
the time it is obtained; (b) is or becomes publicly known or available through no wrongful act of the receiving party; (c) is rightfully
received from a third party who, to the best of the receiving party&rsquo;s knowledge, is not under a duty of confidentiality;
(d) is released by the protected party to a third party without restriction; (e) is requested or required to be disclosed by the
receiving party pursuant to a court order, subpoena, governmental or regulatory agency request or law; (f) is relevant to the defense
of any claim or cause of action asserted against the receiving party; (g) is Fund information provided by BNY Mellon in connection
with an independent third party compliance or other review; (h) is released in connection with the provision of services under
this Agreement; or (i) has been or is independently developed or obtained by the receiving party. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">USCF and each
of the Funds agree that any fee schedule contemplated by this Agreement will be treated as confidential and will only be shared
with employees of the Investment Advisor, regulators, examiners, internal and external accountants, auditors, and counsel. USCF
shall instruct its employees and regulators, examiners, internal and external accountants, auditors, and counsel who may be afforded
access to the fee schedule of USCF&rsquo;s or the Fund&rsquo;s obligations of confidentiality hereunder. Notwithstanding the foregoing,
the parties understand that a summary description of the fees and aggregate amounts paid to BNY Mellon will need to be disclosed
in the Offering Materials for each Fund. USCF and the Funds also agree that any description of the services provided to the Funds
by BNY Mellon, which is to be included in the Funds&rsquo; Offering Materials, will be presented to BNY Mellon for review and approval,
which approval shall not be unreasonably withheld.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">The provisions
of this Section 22 shall survive termination of this Agreement for a period of three (3) years after such termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0; margin-right: 0; margin-left: 0">(b)
The Bank of New York Mellon Corporation is a global financial organization that provides services to clients through its affiliates
and subsidiaries in multiple jurisdictions (the &ldquo;BNY Mellon Group&rdquo;). The BNY Mellon Group may centralize functions
including audit, accounting, risk, legal, compliance, sales, administration, product communication, relationship management, storage,
compilation and analysis of customer-related data, and other functions (the &ldquo;Centralized Functions&rdquo;) in one or more
affiliates, subsidiaries and third-party service providers. Solely in connection with the Centralized Functions, (i) the Fund consents
to the disclosure of and authorizes BNY Mellon to disclose information regarding the Fund (&ldquo;Customer-Related Data&rdquo;)
to the BNY Mellon Group and to its third-party service providers who are subject to confidentiality obligations with respect to
such information and (ii) BNY Mellon may store the names and business contact information of the Fund&rsquo;s employees and representatives
on the systems or in the records of the BNY Mellon Group or its service providers. The BNY Mellon Group may aggregate Customer-Related
Data with other data collected and/or calculated by the BNY Mellon Group, and notwithstanding anything in this Agreement to the
contrary the BNY Mellon Group will own all such aggregated data, provided that the BNY Mellon Group shall not distribute the aggregated
data in a format that identifies Customer-Related Data with a particular customer. The Fund confirms that it is authorized to consent
to the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0; margin-right: 0; margin-left: 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0; margin-right: 0; margin-left: 0">22.
<U>Non-Solicitation</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">During the term of this Agreement and for
one (1) year thereafter, the Fund shall not (with the exceptions noted in the immediately succeeding sentence) knowingly solicit
or recruit for employment or hire any of BNY Mellon&rsquo;s employees, and the Fund shall cause the Fund&rsquo;s sponsor and any
affiliates of the Fund to not (with the exceptions noted in the immediately succeeding sentence) knowingly solicit or recruit for
employment or hire any of BNY Mellon&rsquo;s employees. To &ldquo;knowingly&rdquo; solicit, recruit or hire within the meaning
of this provision does not include, and therefore does not prohibit, solicitation, recruitment or hiring of a BNY Mellon employee
by the Fund, the Fund&rsquo;s sponsor or an affiliate of the Fund if the BNY Mellon employee was identified by such entity solely
as a result of the BNY Mellon employee&rsquo;s response to a general advertisement by such entity in a publication of trade or
industry interest or other similar general solicitation by such entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center">[Signature page follows.]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-indent: 0.5in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-indent: 0.5in">IN WITNESS WHEREOF, the parties
hereto have caused the foregoing instrument to be executed by their duly authorized officers and their seals to be hereunto affixed,
all as of the latest date set forth below.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 39%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">THE BANK OF NEW YORK MELLON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 39pt; text-indent: -0.5in">By:____________________________</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 39pt; text-indent: -0.5in">Name:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 38.9pt; text-indent: -0.5in">Title:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 38.9pt; text-indent: -0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 38.9pt; text-indent: -0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 39pt; text-indent: -0.5in">Date:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P></TD>
    <TD STYLE="width: 61%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 84.8pt; text-indent: -0.5in">UNITED STATES COMMODITY FUNDS, LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 84.8pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 84.8pt; text-indent: -0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 84.8pt; text-indent: -0.5in">By:_______________________________________<BR>
        Name: John P. Love<BR>
        Title: President and CEO</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 84.8pt; text-indent: 0pt">Date:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 84.8pt; text-indent: -0.5in">UNITED STATES COMMODITY FUNDS, LLC,
        as sponsor on behalf of the United States Commodity Index Funds Trust and each series thereof</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 84.8pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 84.8pt; text-indent: -0.5in">By:_______________________________________<BR>
        Name: John P. Love<BR>
        Title: President and CEO</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 84.8pt; text-indent: 0pt">Date:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 84.8pt; text-indent: -0.5in">UNITED STATES COMMODITY FUNDS, LLC,
        as general partner on behalf of each of the United States Oil Fund, LP; the United States Natural Gas Fund, LP, the United States
        12 Month Oil Fund, LP, the United States 12 Month Natural Gas Fund, LP, the United States Brent Oil Fund, LP, the United States
        Gasoline Fund, LP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 84.8pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 84.8pt; text-indent: -0.5in">By:_______________________________________<BR>
        Name: John P. Love<BR>
        Title: President and CEO</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 84.8pt; text-indent: 0pt">Date:</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B><U>EXHIBIT A-1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Oil Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Natural Gas Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States 12 Month Oil Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States 12 Month Natural Gas
Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Brent Oil Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Gasoline Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>and </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Commodity Index Funds Trust
and each series thereof</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B><U>EXHIBIT A-2</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Oil Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Natural Gas Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States 12 Month Oil Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States 12 Month Natural Gas
Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Brent Oil Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Gasoline Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Commodity Index Fund</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States Copper Index Fund</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B></B></P>

<!-- Field: Page; Sequence: 26; Options: NewSection; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 30pt; text-align: center"><B><U>EXHIBIT B</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">I, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Name]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
of [Fund Name] , a [State] [corporation/trust] (the &ldquo;Fund&rdquo;), do hereby certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: justify; text-indent: 0.5in">The following
individuals serve in the following positions with the Fund, and each has been duly elected or appointed by the Board of the Fund
to each such position and qualified therefor in conformity with the Fund&rsquo;s Organizational Documents, and the signatures set
forth opposite their respective names are their true and correct signatures. Each such person is designated as an Authorized Person
under the Fund Administration and Accounting Agreement dated as of ___________________, 201__, between the Fund and The Bank of
New York Mellon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: justify; text-indent: 4.3pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 30%">Name</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 30%">&#9;Position</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 30%">Signature</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B><U>SCHEDULE I</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><U>Schedule of Services</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin:0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">All services provided
in this Schedule of Services are subject to the review and approval of the appropriate Fund officers, Fund counsel and accountants
of each Fund, as may be applicable. The services included on this Schedule of Services may be provided by BNY Mellon or a BNY Mellon
Affiliate, collectively referred to herein as &ldquo;BNY Mellon&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify"><B><U>FINANCIAL REPORTING</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify; text-indent: 0.5in">BNY Mellon shall
provide the following financial reporting services for each Trust or Fund, as applicable:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare, Review and File Quarterly
Reports on Form 10-Q and Annual Reports on Form 10-K in accordance with U.S. GAAP and with deference to Sponsor preferences in
a timely fashion</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Statements of Financial Condition</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Schedules of Investments</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Statements of Operations</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Statements of Changes in Shareholders&rsquo; Equity</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Statements of Cash Flows</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Notes to Financial Statements</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Trust Combined Statements</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Review/Prepare other financial
data included in the 10-Qs and 10-Ks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare Quarterly Reports on
Form 10-Q for the Fund for each of the first three fiscal quarters of the Funds, and Annual Report on Form 10-K for the Funds fiscal
year, or as requested by the sponsor. The preparation of each Form 10-Q and 10-K includes facilitating delivery of the filing to
the printer, coordination of all printer and author edits, the review of printer drafts and the review of final printer invoices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Upon review and approval of each
form 10-K and 10-Q by the Sponsor&rsquo;s Principal Financial Officer (or such person performing such functions), the Administrator
shall coordinate the edgarization and filing, or cause to be edgarized and filed, such reports with the SEC, CFTC and/or NFA, as
required, including any applicable executive officer certifications or other exhibits to such reports. The Administrator shall
also coordinate with the printer a file that can be uploaded to the Sponsor&rsquo;s Website.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><U>FUND ADMINISTRATION SERVICES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify; text-indent: 0.5in">BNY Mellon shall
provide the following fund administration services for each Trust or Fund, as applicable:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">Coordinate with Auditors the
review of the quarterly report in the 10-K and the audit of the annual report in the 10-K, including weekly meetings, open item
list, etc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare Monthly Statements in
conformity with CFTC Regulations within 20 days after month end.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare quarterly CPO-PQR reporting
as applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">Prepare Annual NFA-PFS reporting
within a mutually agreed upon timeframe following the Funds fiscal year end.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">Prepare and coordinate the Annual
Shareholder Mailing within 90 days of the Funds&rsquo; fiscal year subject to final review by Sponsor in compliance with the requirements
of CFTC Rule 4.22(c). BNY Mellon, in consultation with the Funds Sponsor, shall facilitate delivery of the filing to the printer.
Such preparation includes the coordination of all printer and author edits, the review of printer drafts and review of final printer
invoices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare Seed Statements as needed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">Determine monthly management fees
payable and prepare authorizations for disbursements.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare a quarterly report listing
any known material errors/compliance violations that occurred with respect to BNY Mellon&rsquo;s procedures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">Prepare, update and maintain
regulatory calendars with respect to services provided by BNY Mellon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">As requested by the Sponsor,
assist with requests for information/documentation from the SEC, CFTC, NFA, other regulatory authorities to the extent BNY Mellon
is in possession of such information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Provide the Sponsor sub-certifications
relating to Sarbanes-Oxley attestation for Form 10-K, and Form 10-Q filings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Assist with responses for inquiries
from the SEC, NFA, and other regulatory authorities required</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Establish expense accruals, maintain
expense files and coordinate payment of invoices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Monitor Expense reductions related
to offering costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare fund budgets and recommendations
for adjustments as necessary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare Monthly Fund expense
pro-formas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Provide financial data for S-1/S-3
and other regulatory filings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare statistical reports for
information services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Calculate and maintain total
return information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Prepare performance data for S-1/S-3
as requested by Sponsor.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Coordinate and facilitate DCP
meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify; text-indent: 1in">Assist in the preparation
of Board and Audit Committee materials</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify"><B><U>TAX SERVICES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify; text-indent: 0.5in">BNY Mellon shall
provide the following tax services for each Fund:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">Provide accounting and other data
to the sponsor and its Tax Accountants in support of the preparation of the K-1&rsquo;s and the related filings.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">Prepare service provider 1099&rsquo;s
for each Fund, as necessary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 29; Value: 1 -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify"><B><U>OTHER ADMINISTRATION SERVICES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify; text-indent: 0.5in">BNY Mellon shall
provide the following other administration services for each Trust or Fund, as applicable:</P>

<P STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">Assist with and/or coordinate
such other filings, notices and regulatory matters, including Form 8-K, on such terms and conditions as the parties hereto may
mutually agree upon in writing from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">Assist the Fund in the handling
of SEC examinations by providing requested documents in the possession of BNY Mellon that are on the SEC examination request list
and any other information that may be required by rule or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify">At the request of the Fund Sponsor,
review miscellaneous materials and reports prepared by Sponsor, auditors, outside Counsel, etc. and provide comments as appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Provide information, reports and data to the Trust
and the or the USCF Chief Compliance Officer as may be reasonably requested, and cooperate with him/her and his/her staff in connection
with their due diligence review of BNY Mellon&rsquo;s services and internal compliance procedures, processes and controls.</P>

<P STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin: 0 0 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify"><B><U>REGULATORY ADMINISTRATION SERVICES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify">BNY Mellon shall provide the following
regulatory administration services:</P>

<P STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin: 0 0 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Assemble and distribute board materials for regular meetings of the Board of Directors including the drafting of agendas for
a maximum of five (5) regular meetings of the Board of Directors per year.</TD></TR></TABLE>

<P STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Assemble and distribute audit committee materials for regular meetings of the Audit Committee of the Board of Directors including
the drafting of agendas for a maximum of eight (8) regular meetings of the Audit Committee of the Board of Directors per year.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Attend (in-person or telephonically) regular meetings of the Board of Directors and draft minutes thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Attend (in-person or telephonically) regular meetings of the Audit Committee of the Board of Directors and draft minutes thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD>Maintain minute books for the Board of Directors and Audit Committee</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: left; text-indent: 0.5in"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
