<SEC-DOCUMENT>0001171200-17-000509.txt : 20171215
<SEC-HEADER>0001171200-17-000509.hdr.sgml : 20171215
<ACCEPTANCE-DATETIME>20171215061450
ACCESSION NUMBER:		0001171200-17-000509
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171215
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171215
DATE AS OF CHANGE:		20171215

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United States 12 Month Oil Fund, LP
		CENTRAL INDEX KEY:			0001405528
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				260431897
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33859
		FILM NUMBER:		171257615

	BUSINESS ADDRESS:	
		STREET 1:		1999 HARRISON STREET
		STREET 2:		SUITE 1530
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
		BUSINESS PHONE:		(510) 522-9600

	MAIL ADDRESS:	
		STREET 1:		1999 HARRISON STREET
		STREET 2:		SUITE 1530
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>i17552_usl-8k.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, DC 20549</B></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-align: center"><B>FORM 8-K</B></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-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934</B></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-align: center">Date of Report&nbsp;(Date of earliest event
reported): December 15, 2017</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-align: center"><P STYLE="margin: 0"><B>United States
                                         12 Month Oil Fund, LP</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Delaware&nbsp;</B></FONT></TD>
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif; text-align: center"><P STYLE="margin: 0"><B>001-33859</B></P></TD>
    <TD STYLE="width: 33%; font: 10pt Times New Roman, Times, Serif; text-align: center"><P STYLE="margin: 0"><B>26-0431897</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">of incorporation)</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(I.R.S. Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1999 Harrison Street, Suite 1530</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Oakland, California 94612</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive offices) (Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s telephone number, including area code: <B>(510) 522-9600</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>N/A</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt">(Former name or former address, if changed since last report)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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><I>&nbsp;</I>General
Instruction A.2. below):</P>

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></TD>
    <TD STYLE="width: 96%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Written communication pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></TD>
    <TD STYLE="width: 96%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></TD>
    <TD STYLE="width: 96%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></TD>
    <TD STYLE="width: 96%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 92%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Emerging growth company&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><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.&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings; font-size: 10pt">o</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 5.03. Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year</B></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">The Third Amended and Restated Agreement of Limited Partnership
of the United States 12 Month Oil Fund, LP (&ldquo;USL&rdquo;) was entered into on December 15, 2017 and amends certain tax provisions.
In particular, USL is adjusting the manner in which it applies the monthly allocation convention of profits and losses for shareholders
as of January 1, 2018 in conformity with applicable Treasury regulations governing the allocation of profits and losses. The change
to the monthly allocation convention and the other changes are reflected in Supplement 2 to the Prospectus dated April 28, 2017,
in the updated sections entitled &ldquo;Allocations of USL&rsquo;s Profit and Loss.&rdquo; located under &ldquo;ADDITIONAL INFORMATION
ABOUT USL, ITS INVESTMENT OBJECTIVE AND INVESTMENTS&rdquo;; &ldquo;U.S. Federal Income Tax Considerations&rdquo;; &ldquo;U.S. Shareholders&rdquo;;
&ldquo;Tax Consequences of Ownership of Shares&rdquo; and the new section &ldquo;Tax Agent&rdquo; located under &ldquo;ADDITIONAL
INFORMATION ABOUT USL, ITS INVESTMENT OBJECTIVE AND INVESTMENTS,&rdquo; immediately following the section entitled &ldquo;Backup
Withholding.&rdquo;</P>



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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="width: 5%; vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;Exhibit 3.2&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 95%; vertical-align: top; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin: 0"><A HREF="i17552_ex3-2.htm" STYLE="-sec-extract: exhibit">Third Amended and Restated Agreement of Limited Partnership.</A></P></TD></TR>
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<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-align: center"></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD COLSPAN="3"><P STYLE="margin: 0"><B>United States 12 Month Oil Fund, LP</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD NOWRAP><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">United States Commodity Funds LLC, its general partner&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Date:&nbsp;&nbsp;December 15, 2017</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ John P. Love</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name: John P. Love</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;President (Principal Executive Officer)</FONT></TD></TR>
</TABLE>


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

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<TYPE>EX-3.2
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><B>Exhibit 3.2</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; 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>THIRD AMENDED AND RESTATED AGREEMENT
OF LIMITED PARTNERSHIP</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: justify; text-indent: 0.5in">This Third
Amended and Restated Agreement of Limited Partnership (this <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Agreement&rdquo;)</I></FONT>
effective as of December 15, 2017, is entered into by and among United States Commodity Funds LLC, a Delaware limited liability
company, as General Partner, on behalf of itself and any Person or Persons who shall hereafter be admitted as Partners in accordance
with this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS,
the General Partner and the Limited Partners are parties to that certain Second Amended and Restated Agreement of Limited Partnership
executed on March 1, 2103 (the &ldquo;LP Agreement&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">WHEREAS,
in accordance with Sections 3.1.4 and 4.4 of the LP Agreement, the General Partner has determined that it is necessary to amend
certain provisions of the LP Agreement to comply with the Code and Treasury regulations, and the General Partner wishes hereby
amends and restates the LP Agreement in its entirety to reflect such amendments; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">NOW THEREFORE,
the LP Agreement in its entirety is hereby amended and restated as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">As used in this Agreement, the
following terms shall have the following meanings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Accounting Period&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the following periods: the initial accounting period which shall commence upon the commencement
of operations of the Partnership. Each subsequent Accounting Period shall commence immediately after the close of the preceding
Accounting Period. Each Accounting Period hereunder shall close on the earliest of (i) the last Business Day of a month, (ii)&nbsp;the
effective date of dissolution of the Partnership, and (iii) such other day or days in addition thereto or in substitution therefore
as may from time to time be determined by the General Partner in its discretion either in any particular case or generally.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Act&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the Revised Uniform Limited Partnership Act of the State of Delaware, as amended from
time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Additional Limited
Partner&rdquo;</I></FONT> <FONT STYLE="font-size: 10pt">shall mean a Person admitted to the Partnership as a Limited Partner pursuant
to this Agreement and who is shown as such on the books and records of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Affiliate&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean, when used with reference to a specified Person, (i) any Person who directly or indirectly
through one or more intermediaries controls or is controlled by or is under common control with the specified Person or (ii) any
Person that is an officer of, partner in, or trustee of, or serves in a similar capacity with respect to, the specified Person
or of which the specified Person is an officer, partner or trustee, or with respect to which the specified Person serves in a similar
capacity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Assignee&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean a Record Holder that has not been admitted to the Partnership as a Substituted Limited
Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Agreement&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean this Third Amended and Restated Agreement of Limited Partnership as may be amended, modified,
supplemented or restated from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.7</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Authorized Purchaser
Agreement&rdquo;</I></FONT> <FONT STYLE="font-size: 10pt">shall mean an agreement among the Partnership, the General Partner and
a Participant, as may be amended or supplemented from time to time in accordance with its terms.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.8</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Business Day&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean any day other than a day on which the NYSE Arca, Inc. or the New York Mercantile Exchange
is closed for regular trading.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.9</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Beneficial Owner&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the ultimate beneficial owner of Units held by a nominee which has furnished the identity
of the Beneficial Owner in accordance with Section 6031(c) of the Code (or any other method acceptable to the General Partner in
its sole discretion) and with Section 9.2.2 of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.10</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Capital Account&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall have the meaning assigned to such term in Section 4.1.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.11</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Capital Contribution&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the total amount of money or agreed-upon value of property contributed to the Partnership
by all the Partners or any class of Partners or any one Partner, as the case may be (or the predecessor holders of the interests
of such Partner or Partners).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.12</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Capital Transaction&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean a sale of all or substantially all of the assets of the Partnership not in the ordinary
course of business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.13</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Certificate&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean a certificate issued by the Partnership evidencing ownership of one or more Units.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.14</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Close of Business&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean 5:00 PM New York time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.15</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Creation Basket&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean 50,000 Units, or such other number of Units as may be determined by the General Partner
from time to time, purchased by a Participant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.16</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Code&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the Internal Revenue Code of 1986, as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.17</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Departing Partner&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean a former General Partner, from and after the effective date of any withdrawal or removal
of such former General Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.18</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Depository&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">or <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;DTC&rdquo;</I></FONT></FONT>
<FONT STYLE="font-size: 10pt">shall mean The Depository Trust Company, New York, New York, or such other depository of Units as
may be selected by the General Partner as specified herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.19</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Depository Agreement&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the Letter of Representations from the General Partner to the Depository, dated as of
October 1, 2007, as may be amended or supplemented from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.20</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Distributable Cash&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean, with respect to any period, all cash revenues of the Partnership (not including (i) Capital
Contributions, (ii)&nbsp;funds received by the Partnership in respect of indebtedness incurred by the Partnership, (iii) interest
or other income earned on temporary investments of Partnership funds pending utilization, and (iv) proceeds from any Capital Transaction),
less the sum of the following: (x) all amounts expended by the Partnership pursuant to this Agreement in such period and (y) such
working capital or reserves or other amounts as the General Partner reasonably deems to be necessary or appropriate for the proper
operation of the Partnership&rsquo;s business or its winding up and liquidation. The General Partner in its sole discretion may
from time to time declare other funds of the Partnership to be Distributable Cash.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.21</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;DTC Participants&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall have the meaning assigned to such term in Section 9.2.2.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.22</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;General Partner&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean United States Commodity Funds LLC, a Delaware limited liability company, or any Person
who, at the time of reference thereto, serves as a general partner of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.23</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Global Certificates&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the global certificate or certificates issued to the Depository as provided in the Depository
Agreement, each of which shall be in substantially the form attached hereto as Exhibit A.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.24</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Indirect Participants&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall have the meaning assigned to such term in Section 9.2.2.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.25</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Initial Limited
Partner&rdquo;</I></FONT> <FONT STYLE="font-size: 10pt">shall have the meaning assigned to such term in Section 3.3.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.26</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Initial Offering
Period&rdquo;</I></FONT> <FONT STYLE="font-size: 10pt">shall mean the period commencing with the initial effective date of the
Prospectus and terminating no later than the ninetieth (90th) day following such date unless extended for up to an additional 90
days at the sole discretion of the General Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">1.27</FONT><FONT STYLE="font-size: 7pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;IRS&rdquo; shall
mean the United States Internal Revenue Service.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.28</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Limited Partner&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the Organizational Limited Partner prior to its withdrawal from the Partnership and any
other Person who is a limited partner (whether the Initial Limited Partner, a Limited Partner admitted pursuant to this Agreement
or an Assignee who is admitted as a Limited Partner) at the time of reference thereto, in such Person&rsquo;s capacity as a limited
partner of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.29</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Management Fee&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the management fee paid to the General Partner pursuant to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.30</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Net Asset Value&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">or <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;NAV&rdquo;</I></FONT></FONT>
<FONT STYLE="font-size: 10pt">shall mean the current market value of the Partnership&rsquo;s total assets, less any liabilities,
and dividing that total by the total number of outstanding Units as reasonably determined by the General Partner or its designee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.31</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Opinion of Counsel&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean a written opinion of counsel (who may be regular counsel to the Partnership or the General
Partner) acceptable to the General Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.32</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Organizational Limited
Partner&rdquo;</I></FONT> <FONT STYLE="font-size: 10pt">shall mean Wainwright Holdings, Inc., a Delaware corporation, in its capacity
as the organizational limited partner of the Partnership pursuant to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.33</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Outstanding&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean, with respect to the Units or other Partnership Securities, as the case may be, all Units
or other Partnership Securities that are issued by the Partnership and reflected as outstanding on the Partnership&rsquo;s books
and records as of the date of determination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.34</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Participant&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean a Person that is a DTC Participant and has entered into an Authorized Purchaser Agreement,
which at the relevant time, is in full force and effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.35</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Partner&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the General Partner or any Limited Partner. <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Partners&rdquo;</I></FONT></FONT>
<FONT STYLE="font-size: 10pt">shall mean the General Partner and all Limited Partners (unless otherwise indicated).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.36</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Partnership&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the limited partnership hereby formed, as such limited partnership may from time to time
be constituted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">1.37</FONT><FONT STYLE="font-size: 7pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Partnership Representative&rdquo;
means for taxable years beginning after December 31, 2017, the General Partner or any successor in its capacity as the &ldquo;partnership
representative&rdquo; within the meaning of Section 6223 of the Code (and any similar provisions under any applicable state or
local or foreign tax laws).</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.38</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Partnership Securities&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean any additional Units, options, rights, warrants or appreciation rights relating thereto,
or any other type of equity security that the Partnership may lawfully issue, any unsecured or secured debt obligations of the
Partnership or debt obligations of the Partnership convertible into any class or series of equity securities of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.39</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Person&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean any natural person, partnership, limited partnership, limited liability company, trust,
estate, corporation, association, custodian, nominee or any other individual or entity in its own or any representative capacity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.40</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Profit or Loss&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">with respect to any Accounting Period shall mean the excess (if any) of:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the Net Asset Value as of the Valuation Time on the Valuation Date, less</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the Net Asset Value as of the Valuation Time on the Valuation Date immediately preceding the
commencement of such Accounting Period, adjusted as deemed appropriate by the General Partner to reflect any Capital Contributions,
redemptions, withdrawals, distributions, or other events occurring or accounted for during such Accounting Period (including any
allocation of Profit or Loss to a redeeming partner pursuant to Article 4.3.2 with respect to such Accounting Period).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">If the amount determined pursuant
to the preceding sentence is a positive number, such amount shall be the <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Profit&rdquo;</I></FONT>
for the Accounting Period and if such amount is a negative number, such amount shall be the <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Loss&rdquo;</I></FONT>
for the Accounting Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.41</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Prospectus&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the United States 12 Month Oil Fund, LP prospectus, as the same may have been amended
or supplemented, used in connection with the offer and sale of Units in the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.42</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Record Date&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the date established by the General Partner for determining (a) the identity of Limited
Partners (or Assignees if applicable) entitled to notice of, or to vote at any meeting of Limited Partners or entitled to vote
by ballot or give approval of any Partnership action in writing without a meeting or entitled to exercise rights in respect of
any action of Limited Partners or (b)&nbsp;the identity of Record Holders entitled to receive any report or distribution.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.43</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Record Holder&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the Person in whose name such Unit is registered on the books of the Transfer Agent as
of the open of business on a particular Business Day.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.44</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Redeemable Units&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean any Units for which a redemption notice has been given.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.45</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Redemption Basket&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean 50,000 Units or such other number of Units as may be determined by the General Partner
from time to time, redeemed by a Participant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.46</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Revolving Credit
Facility&rdquo;</I></FONT> <FONT STYLE="font-size: 10pt">shall mean a revolving credit facility that the Partnership may enter
into on behalf of the Partnership with one or more commercial banks or other lenders for liquidity or other purposes for the benefit
of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.47</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Substituted Limited
Partner&rdquo;</I></FONT> <FONT STYLE="font-size: 10pt">shall mean a Person who is admitted as a Limited Partner to the Partnership
pursuant to Article 11.2 in place of and with all the rights of a Limited Partner and who is shown as a Limited Partner on the
books and records of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">1.48</FONT><FONT STYLE="font-size: 7pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Tax Certificate&rdquo;
shall mean an Internal Revenue Service Form W-9 (or the substantial equivalent thereof) in the case of a Limited Partner that is
a U.S. person within the meaning of the Code, or an Internal Revenue Service Form W-8BEN, Form W-8BEN-E, or other applicable form
in the case of a Limited Partner that is not a U.S. person.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">1.49</FONT><FONT STYLE="font-size: 7pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Tax Matters Partner&rdquo;
means for taxable years beginning before January 1, 2018, the General Partner or any successor in its capacity as the &ldquo;tax
matters partner&rdquo; designated to represent a Fund in certain federal income tax matters pursuant to subchapter C of chapter
63 of the Code (and any similar provisions under any applicable state or local or foreign tax laws).</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">1.50</FONT><FONT STYLE="font-size: 7pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Tax Representative&rdquo;
has the meaning assigned thereto in Section 5.7.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.51</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Transfer Agent&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean Brown Brothers Harriman &amp; Co. or such bank, trust company or other Person (including,
without limitation, the General Partner or one of its Affiliates) as shall be appointed from time to time by the Partnership to
act as registrar and transfer agent for the Units or any applicable Partnership Securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.52</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Transfer Application&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean an application and agreement for transfer of Units, which shall be substantially in the
form attached hereto as Exhibit C.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.53</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Unit&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean an interest of a Limited Partner or an assignee of the Partnership representing such fractional
part of the interests of all Limited Partners and assignees as shall be determined by the General Partner pursuant to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.54</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Unit Register&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall have the meaning assigned to such term in Article 9.2.1.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.55</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Unitholders&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the General Partner and all holders of Units, where no distinction is required by the
context in which the term is used.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.56</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Valuation Date&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean the last Business Day of any Accounting Period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">1.57</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Valuation Time&rdquo;</I></FONT>
<FONT STYLE="font-size: 10pt">shall mean (i) Close of Business on a Valuation Date or (ii) such other time or day as the General
Partner in its discretion may determine from time to time either in any particular case or generally.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 2<BR>
General Provisions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">2.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">This Agreement shall become effective on the date set forth in the preamble of this Agreement.
The rights and liabilities of the Partners shall be as set forth in the Act, except as herein otherwise expressly provided. The
Partnership shall continue without interruption as a limited partnership pursuant to the provisions of the Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">2.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The name of the Partnership shall be United States 12 Month Oil Fund, LP; however, the business
of the Partnership may be conducted, upon compliance with all applicable laws, under any other name designated in writing by the
General Partner to the Limited Partners.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">2.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The Partnership&rsquo;s principal place of business shall be located at 1999 Harrison Street,
Suite 1530, Oakland, California 94612 or such other place as the General Partner may designate from time to time. The registered
agent for the Partnership is Corporation Service Company and the registered office is located at 2711 Centerville Road, Suite 400,
Wilmington, Delaware 19808, County of New Castle. The Partnership may maintain such other offices at such other places as the General
Partner deems advisable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">2.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The investment objective of the Partnership is to have the changes in percentage terms of
the Units&rsquo; Net Asset Value reflect the changes in percentage terms of the price of crude oil delivered to Cushing, Oklahoma,
as measured by the changes in the average of the prices of 12 futures contracts on crude oil traded on the New York Mercantile
Exchange (the &ldquo;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Benchmark Futures Contracts</I></FONT></FONT><FONT STYLE="font-size: 10pt">&rdquo;)
consisting of the near month contract to expire and the contracts for the following eleven months for a total of 12 consecutive
months&rsquo; contracts, except when the near month contract is within two weeks of expiration, in which case it will be measured
by the futures contracts that are the next month contract to expire and the contracts for the following eleven consecutive months,
less the Partnership&rsquo;s expenses. When calculating the daily movement of the average price of the 12 contracts each contract
month will be equally weighted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">The net assets
of the Partnership will consist primarily of investments in futures contracts for crude oil, diesel-heating oil, gasoline, natural
gas, and other petroleum-based fuels that are traded on the New York Mercantile Exchange, ICE Futures or other U.S. and foreign
exchanges (collectively, <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Futures Contracts</I></FONT>&rdquo;).
This may include contracts that are of the standard industry size as measured in physical amounts of crude oil, as well as similar
contracts that are financially settled but are based on a percentage of the standard size contracts. The Partnership may also invest
in other crude oil-related investments such as cash-settled options on Futures Contracts, forward contracts for crude oil, and
over-the-counter transactions that are based on the price of crude oil, natural gas, and other petroleum-based fuels, Futures Contracts
and indices based on the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">2.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The term of the Partnership shall be from the date of its formation in perpetuity, unless
earlier terminated in accordance with the terms of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">2.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner shall execute, file and publish all such certificates, notices, statements
or other instruments required by law for the formation or operation of a limited partnership in all jurisdictions where the Partnership
may elect to do business. The General Partner shall not be required to deliver or mail to the Limited Partners a copy of the certificate
of limited partnership of the Partnership or any certificate of amendment thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">2.7</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The Partnership shall be empowered to do any and all acts and things necessary, appropriate,
proper, advisable, incidental to or convenient for the furtherance and accomplishment of the purposes, business, protection and
benefit of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">2.8</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The business and affairs of the Partnership shall be managed by the General Partner in accordance
with Article 7 hereof. The General Partner has seven directors, a majority of whom may also be executive officers of the General
Partner. The General Partner shall establish and maintain an audit committee of its board of directors for the Partnership (the
<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Audit Committee&rdquo;</I></FONT></FONT><FONT STYLE="font-size: 10pt">)
in compliance with, and granted the requisite authority and funding pursuant to, any applicable (1) federal securities laws and
regulations, including the Sarbanes-Oxley Act of 2002, and (2) rules, policies and procedures of any national securities exchange
on which the securities issued by the Partnership are listed and traded.</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 3<BR>
Partners and Capital Contributions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">3.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>General Partner</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">3.1.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The name of the General Partner is United States Commodity Funds LLC, which maintains its
principal business office at 1999 Harrison Street, Suite 1530, Oakland, California 94612.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">3.1.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">In consideration of management and administrative services rendered by the General Partner,
the Partnership shall pay the Management Fee to the General Partner (or such other person or entity designated by the General Partner).
In addition, all ongoing charges, costs and expenses of the Partnership&rsquo;s operations shall be billed to and paid by the Partnership.
Such costs and expenses, shall include, without limitation, (i) brokerage and other fees and commissions incurred in connection
with the trading activities of the Units of the Partnership, (ii) licensing fees for the use of intellectual property used by the
Partnership, (iii) expenses incurred in connection with registering additional Units of the Partnership or offering Units of the
Partnership after the time any units of Partnership have begun trading on an Exchange; (iv) the routine expenses associated with
distribution, including printing and mailing, of any monthly, annual and other reports to Unitholders required by applicable U.S.
federal and state regulatory authorities; (v) fees and expenses associated with compensation to the directors; (vi) payment for
legal counsel and independent accountants; (vii) payment for fees associated with tax accounting and reporting, routine accounting,
bookkeeping, whether performed by an outside service provider or by Affiliates of the General Partner (viii) postage and insurance,
including directors&rsquo; and officers&rsquo; liability insurance; (ix) costs and expenses associated with client relations and
services; (x) the payment of any distributions related to redemption of Units; and (xi) payment of all federal, state, local or
foreign taxes payable on the income, assets or operations of the Partnership and the preparation of all tax returns related thereto.
The Management Fee shall be 0.60% of NAV. Fees and expenses, including the Management Fee, are calculated on a daily basis and
paid on a monthly basis (accrued at 1/365 of applicable percentage of the NAV on that day). The General Partner may, in its sole
discretion, waive all or part of the Management Fee. The Partnership shall be responsible for all extraordinary expenses (i.e.,
expenses not in the ordinary course of business, including, without limitation, the items listed above in this Section 3.1.2, the
indemnification of any Person against liabilities and obligations to the extent permitted by law and required under this Agreement,
and the bringing and defending of actions at law or in equity and otherwise engaging in the conduct of litigation and the incurring
of legal expense and the settlement of claims and litigation).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">3.1.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">In connection with the formation of the Partnership under the Act, the General Partner acquired
a 2% interest in the profits and losses of the Partnership and made an initial capital contribution to the Partnership in the amount
of $20.00, and the Organizational Limited Partner acquired a 98% interest in the profits and losses of the Partnership and made
an initial capital contribution to the Partnership in the amount of $980.00. As of the date hereof, the interest of the Organizational
Limited Partner shall be redeemed, the initial capital contribution of the Organizational Limited Partner shall be refunded, and
the Organizational Limited Partner shall thereupon withdraw and cease to be a Limited Partner. Ninety-eight percent of any interest
or other profit that may have resulted from the investment or other use of such initial capital contribution was allocated and
distributed to the Organizational Limited Partner, and the balance thereof was allocated and distributed to the General Partner.
The General Partner may but shall not be required to make Capital Contributions to the Partnership on or after the date hereof<FONT STYLE="font-weight: normal; font-variant: normal; color: #AFAFAF; letter-spacing: 0pt">.
</FONT></FONT><FONT STYLE="font-size: 10pt">If the General Partner does make a Capital Contribution to the Partnership on or after
the date hereof, it shall be issued Units based on the same terms and conditions applicable to the purchase of a Creation Basket
under Article 16 hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">3.1.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner may not, without written approval by all of the Limited Partners or by
other written instrument executed and delivered by all of the Limited Partners subsequent to the date of this Agreement, take any
action in contravention of this Agreement, including, without limitation, (i) any act that would make it impossible to carry on
the ordinary business of the Partnership, except as otherwise provided in this Agreement; (ii) possess Partnership property, or
assign any rights in specific Partnership property, for other than a Partnership purpose; (iii) admit a Person as a Partner, except
as otherwise provided in this Agreement; (iv) amend this Agreement in any manner, except as otherwise provided in this Agreement
or under applicable law; or (v) transfer its interest as general partner of the Partnership, except as otherwise provided in this
Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">3.1.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Except as otherwise provided herein, the General Partner may not sell, exchange or otherwise
dispose of all or substantially all of the Partnership&rsquo;s assets in a single transaction or a series of related transactions
(including by way of merger, consolidation or other combination with any other Person) or approve on behalf of the Partnership
the sale, exchange or other disposition of all or substantially all of the assets of the Partnership, taken as a whole, without
the approval of at least a majority of the Limited Partners; provided, however, that this provision shall not preclude or limit
the General Partner&rsquo;s ability to mortgage, pledge, hypothecate or grant a security interest in all or substantially all of
the Partnership&rsquo;s assets and shall not apply to any forced sale of any or all of the Partnership&rsquo;s assets pursuant
to the foreclosure of, or other realization upon, any such encumbrance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">3.1.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Unless approved by a majority of the Limited Partners, the General Partner shall not take
any action or refuse to take any reasonable action the effect of which, if taken or not taken, as the case may be, would be to
cause the Partnership, to the extent it would materially and adversely affect the Limited Partners, to be taxable as a corporation
for federal income tax purposes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">3.1.7</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Notwithstanding any other provision of this Agreement, the General Partner is not authorized
to institute or initiate on behalf of, or otherwise cause the Partnership to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">make a general assignment for the benefit of creditors;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">file a voluntary bankruptcy petition; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">file a petition seeking for the Partnership a reorganization, arrangement, composition, readjustment
liquidation, dissolution or similar relief under any law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">3.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Issuance of Units.</I></FONT>
<FONT STYLE="font-size: 10pt">Units in the Partnership will only be issued in a Creation Basket or whole number multiples thereof<FONT STYLE="font-weight: normal; font-variant: normal; color: #AFAFAF; letter-spacing: 0pt">.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">3.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Initial Limited Partner.</I></FONT>
<FONT STYLE="font-size: 10pt">The Initial Limited Partner was Knight Capital Markets, LLC formerly, Kellogg Capital Markets <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>(&ldquo;Initial
Limited Partner&rdquo;)</I></FONT></FONT> <FONT STYLE="font-size: 10pt">located at 55 Broadway New York, NY 10006.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">3.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Capital Contribution.</I></FONT>
<FONT STYLE="font-size: 10pt">Except as otherwise provided in this Agreement, no Partner shall have any right to demand or receive
the return of its Capital Contribution to the Partnership. No Partner shall be entitled to interest on any Capital Contribution
to the Partnership or on such Partner&rsquo;s Capital Account.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 4<BR>
Capital Accounts of Partners and Operation Thereof</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">4.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Capital Accounts.</I></FONT>
<FONT STYLE="font-size: 10pt">There shall be established on the books and records of the Partnership for each Partner (or Beneficial
Owner in the case of Units held by a nominee) a capital account (a <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Capital
Account&rdquo;).</I></FONT></FONT> <FONT STYLE="font-size: 10pt">It is intended that each Partner&rsquo;s Capital Account shall
be maintained at all times in a manner consistent with Section 704 of the Code and applicable Treasury regulations thereunder,
and that the provisions hereof relating to the Capital Accounts shall be interpreted in a manner consistent therewith. For each
Accounting Period, the Capital Account of each Partner shall be:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; 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 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)</FONT><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><FONT STYLE="font-size: 10pt">credited with the amount of any Capital Contributions made by such Partner during such Accounting
Period;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)</FONT><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="font-size: 10pt">credited with any allocation of Profit made to such Partner for such Accounting Period;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)</FONT><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><FONT STYLE="font-size: 10pt">debited with any allocation of Loss made to such Partners for such Accounting Period; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)</FONT><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><FONT STYLE="font-size: 10pt">debited with the amount of cash paid to such Partner as an amount withdrawn or distributed
to such Partner during such Accounting Period, or, in the case of any payment of a withdrawal or distribution in kind, the fair
value of the property paid or distributed during such Accounting Period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">4.1.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">For any Accounting Period in which Units are issued or redeemed for cash or other property,
the General Partner shall, in accordance with Treasury Regulation Section 1.704-1(b)(2)(iv)(f), adjust the Capital Accounts of
all Partners and the carrying value of each Partnership asset upward or downward to reflect any unrealized gain or unrealized loss
attributable to each such Partnership asset, as if such unrealized gain or unrealized loss had been recognized on an actual sale
of the asset and had been allocated to the Partners at such time pursuant to Article 4.2 of this Agreement in the same manner as
any item of gain or loss actually recognized during such period would have been allocated.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">4.1.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to
Section 734(b) or 743(b) of the Code is required, pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m), to be taken into
account in determining Capital Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain
(if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis), and such item of gain or
loss shall be specially allocated to the Partners in a manner consistent with the manner in which their Capital Accounts are required
to be adjusted pursuant to such Section of the Treasury regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">4.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Allocation of Profit or
Loss.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">4.2.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">For any Accounting Period ending on or before December 31, 2017, Profit or Loss for an Accounting
Period shall be allocated among the Partners in proportion to the number of Units each Partner holds as of the Close of Business
on the last Business Day of such Accounting Period. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">4.2.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">For any Accounting Period beginning on or after January 1, 2018, Profit or Loss for an Accounting
Period shall be allocated among the Partners in proportion to the number of Units each Partner holds as of the Close of Business
on the last Business Day of the preceding Accounting Period. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">4.2.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">For the avoidance of doubt, a Partner that holds a Unit as of the Close of Business on the
last Business Day of the Accounting Period ending on December 31, 2017, shall be allocated the Profit and Loss for such Accounting
Period as well the following Accounting Period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">4.2.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner may revise, alter or otherwise modify this method of allocation to the
extent it deems necessary to comply with the requirements of Section 704 or Section 706 of the Code and Treasury regulations or
administrative rulings thereunder. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">4.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Allocations for Tax Purposes</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">4.3.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Except as otherwise provided in this Agreement, for each fiscal year of the Partnership, items
of income, deduction, gain, loss, and credit recognized by the Partnership for federal income tax purposes shall be allocated among
the Partners in a manner that equitably reflects the amounts credited or debited to each Partner&rsquo;s Capital Account for each
Accounting Period during such fiscal year. Allocations under this Article 4.3 shall be made by the General Partner in accordance
with the principles of Sections 704(b) and 704(c) of the Code and in conformity with applicable Treasury regulations promulgated
thereunder (including, without limitation, Treasury regulations Sections 1.704-1(b)(2)(iv)(f), 1.704-1(b)(4)(i), and 1.704-3(e)).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">4.3.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Notwithstanding anything else contained in this Article 4, if any Partner has a deficit Capital
Account for any Accounting Period as a result of any adjustment of the type described in Treasury Regulation Section 1.704-1(b)(2)(ii)(d)(5)
or 1.704-1(b)(2)(ii)(d)(6), then the Partnership&rsquo;s income and gain shall be specially allocated to such Partner in an amount
and manner sufficient to eliminate such deficit as quickly as possible. Any special allocation of items of income or gain pursuant
to this Article 4.3.2 shall be taken into account in computing subsequent allocations pursuant to this Article 4 so that the cumulative
net amount of all items allocated to each Partner shall, to the extent possible, be equal to the amount that would have been allocated
to such Partner if there had never been any allocation pursuant to the first sentence of this Article 4.3.2.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">4.3.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Allocations that would otherwise be made to a Limited Partner under the provisions of this
Article 4 shall instead be made to the Beneficial Owner of Units held by a nominee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">4.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Compliance.</I></FONT>
<FONT STYLE="font-size: 10pt">In applying the provisions of this Article <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>4,</I></FONT></FONT>
<FONT STYLE="font-size: 10pt">the General Partner is authorized to utilize such reasonable accounting conventions, valuation methods
and assumptions as the General Partner shall determine to be appropriate and in compliance with the Code and applicable Treasury
regulations. The General Partner may amend the provisions of this Agreement to the extent it determines to be necessary to comply
with the Code and Treasury regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">4.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Tax Classification</I>. Subject to Section 3.1.6, the General Partner, each Limited Partner,
and each Beneficial Owner by virtue of its purchase of Units in the Partnership, (i) express their intent that the Partnership
be classified under applicable tax law as a partnership, and (ii) agree to file U.S. federal, state and local income, franchise
and other tax returns in a manner that is consistent with the treatment of such partnership as a partnership. The General Partner,
the Tax Representative, the Limited Partners, and the Beneficial Owners (as appropriate) will make or refrain from making any tax
elections to the extent necessary to obtain treatment consistent with the foregoing. The General Partner shall not be liable to
any Person for the failure of any Fund to qualify as a partnership under the Code or any comparable provision of the laws of any
State or other jurisdiction where such treatment is sought.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 5<BR>
Records and Accounting; Reports</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">5.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Records and Accounting.</I></FONT>
<FONT STYLE="font-size: 10pt">The Partnership will keep proper books of record and account of the Partnership at its office located
in 1999 Harrison Street, Suite 1530, Oakland, California 94612 or such office, including that of an administrative agent, as it
may subsequently designate upon notice to the Limited Partners. These books and records are open to inspection by any person who
establishes to the Partnership&rsquo;s satisfaction that such person is a Limited Partner upon reasonable advance notice at all
reasonable times during the usual business hours of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">5.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Annual Reports.</I></FONT>
<FONT STYLE="font-size: 10pt">Within 90 days after the end of each fiscal year, the General Partner shall cause to be delivered
to each Person who was a Partner at any time during the fiscal year, an annual report containing the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)</FONT><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><FONT STYLE="font-size: 10pt">financial statements of the Partnership, including, without limitation, a balance sheet as
of the end of the Partnership&rsquo;s fiscal year and statements of income, Partners&rsquo; equity and changes in financial position,
for such fiscal year, which shall be prepared in accordance with generally accepted accounting principles consistently applied
and shall be audited by a firm of independent certified public accountants registered with the Public Company Accounting Oversight
Board,</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)</FONT><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="font-size: 10pt">a general description of the activities of the Partnership during the period covered by the
report, and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)</FONT><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><FONT STYLE="font-size: 10pt">a report of any material transactions between the Partnership and the General Partner or any
of its Affiliates, including fees or compensation paid by the Partnership and the services performed by the General Partner or
any such Affiliate of such fees or compensation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">5.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Quarterly Reports.</I></FONT>
<FONT STYLE="font-size: 10pt">Within 45 days after the end of each quarter of each fiscal year, the General Partner shall cause
to be delivered to each Person who was a Partner at any time during the quarter then ended, a quarterly report containing a balance
sheet and statement of income for the period covered by the report, each of which may be unaudited but shall be certified by the
General Partner as fairly presenting the financial position and results of operations of the Partnership during the period covered
by the report. The report shall also contain a description of any material event regarding the business of the Partnership during
the period covered by the report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">5.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Monthly Reports.</I></FONT>
<FONT STYLE="font-size: 10pt">Within 30 days after the end of each month, the General Partner shall cause to be delivered to each
Person who was a Partner at any time during the month then ended, a monthly report containing an account statement, which will
include a statement of income (or loss) and a statement of changes in NAV, for the prescribed period. In addition, the account
statement will disclose any material business dealings between the Partnership, General Partner, commodity trading advisor (if
any), futures commission merchant, or the principals thereof that previously have not been disclosed in the Partnership&rsquo;s
Prospectus or any amendment thereto, other account statements or annual reports.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">5.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Tax Information.</I></FONT>
<FONT STYLE="font-size: 10pt">Unless not required to be provided to a Partner, Assignee or Beneficial Owner, under the applicable
rules and regulations of the Code, the General Partner shall use its best efforts to prepare and to transmit a U.S. federal income
tax form K-1 for each Partner, Assignee, or Beneficial Owner or a report setting forth in sufficient detail such transactions effected
by the Partnership during each fiscal year as shall enable each Partner, Assignee, or Beneficial Owner to prepare its U.S. federal
income tax return, if any, within a reasonable period after the end of such fiscal year. Limited Partners who are of a type, as
identified by the nominee through whom their Units are held, that do not ordinarily have U.S. federal tax return filing requirements
(collectively, &ldquo;Certain K-1 Unitholders&rdquo;) hereby designate the General Partner as their tax agent (the &ldquo;Tax Agent&rdquo;)
in dealing with the Partnership. In light of such designation and pursuant to Treasury Regulation section 1.6031(b)-1T(c), as amended
from time to time, the Partnership will provide to the Tax Agent Certain K-1 Unitholders&rsquo; statements (as such term is defined
under Treasury Regulation section 1.6031(b)-1T(a)(3)), as amended from time to time).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">5.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Tax Returns.</I></FONT>
<FONT STYLE="font-size: 10pt">The General Partner shall cause income tax returns of the Partnership to be prepared and timely filed
with the appropriate authorities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">5.7</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Tax Representative</I>. The General Partner is specifically authorized to act as (1) for
taxable years beginning before January 1, 2018, the Tax Matters Partner and, (2) for taxable years beginning after December 31,
2017, the Partnership Representative (in either such capacity, the &ldquo;<I>Tax Representative</I>&rdquo;). The Tax Representative
shall have the authority without any further consent of Limited Partners or Assignees (or Beneficial Owners) being required to
exercise all rights and responsibilities conferred under Sections 6221-6234 of the Code to a Tax Matters Partner or a Partnership
Representative (as applicable), including, without limitation: (i) handling all audits and other administrative proceedings conducted
by the IRS with respect to the Partnership; (ii) extending the statute of limitations with respect to the Partnership&rsquo;s partnership
tax returns; (iii) entering into a settlement with the IRS with respect to the Partnership&rsquo;s partnership items; (iv) filing
a petition or complaint with an appropriate U.S. federal court for review of a final partnership administrative adjustment; and
(v) for taxable years beginning after December 31, 2017, making the &ldquo;push-out&rdquo; election under Code Section 6226 to
cause any adjustments to be taken into account at the partner level. By its acceptance of a Limited Partnership interest (or a
beneficial interest therein), a Limited Partner or Assignee (or Beneficial Owner) agrees to the designation of the General Partner
as the Partnership&rsquo;s Tax Matters Partner or the Partnership Representative (as appropriate). Each Limited Partner or Assignee
(or Beneficial Owner) agrees to take any further action as may be required by regulation or otherwise to effectuate such designation.
The Tax Representative shall be authorized to hire counsel or other competent professionals to assist in the conduct of any audit
or legal proceeding. Any expenses incurred by the Tax Representative in the conduct of its duties shall be Partnership expenses.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">5.8</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Imputed Underpayments</I>. For taxable years beginning after December 31, 2017, in the
event any adjustment to any item of income, gain, loss, deduction or credit of the Partnership, or any Limited Partner&rsquo;s
or Assignee&rsquo;s (or Beneficial Owner&rsquo;s) distributive share thereof, for a reviewed year that would result in an imputed
underpayment of the Partnership under Code Section 6225, each Limited Partner or Assignee (or Beneficial Owner) for the reviewed
year agrees to timely take all actions requested by the Tax Representative in order to reduce or eliminate the amount of the imputed
underpayment. To the extent that the Partnership incurs any liability for tax (including interest and penalties) under Code Section
6225 as the result of any imputed underpayment (or any similar provision of state or local law), the General Partner (i) may treat
such as amount as a Partnership expense, or (ii) may allocate such amount among the Limited Partners or Assignees (or Beneficial
Owners) in an equitable manner as determined by the General Partner in its sole discretion and treat the amount allocated to a
Limited Partner or Assignee (or Beneficial Owner) as a withholding of tax subject to Section 10.6.2 of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 6<BR>
Fiscal Affairs</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">6.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Fiscal Year.</I></FONT>
<FONT STYLE="font-size: 10pt">The fiscal year of the Partnership shall be the calendar year. The General Partner may select an
alternate fiscal year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">6.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Partnership Funds.</I></FONT>
<FONT STYLE="font-size: 10pt">Pending application or distribution, the funds of the Partnership shall be deposited in such bank
account or accounts, or invested in such interest-bearing or non-interest bearing investment, including, without limitation, checking
and savings accounts, certificates of deposit and time or demand deposits in commercial banks, U.S. government securities and securities
guaranteed by U.S. government agencies as shall be designed by the General Partner. Such funds shall not be commingled with funds
of any other Person. Withdrawals therefrom shall be made upon such signatures as the General Partner may designate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">6.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Accounting Decisions.</I></FONT>
<FONT STYLE="font-size: 10pt">All decisions as to accounting principles, except as specifically provided to the contrary herein,
shall be made by the General Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">6.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Tax Elections.</I></FONT>
<FONT STYLE="font-size: 10pt">The General Partner shall, from time to time, make such tax elections as it deems necessary or desirable
in its sole discretion to carry out the business of the Partnership or the purposes of this Agreement. Notwithstanding the foregoing,
the General Partner shall make a timely election under Section 754 of the Code.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">6.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Partnership Interests.</I></FONT>
<FONT STYLE="font-size: 10pt">Title to the Partnership assets shall be deemed to be owned by the Partnership as an entity, and
no Partner or Assignee, individually or collectively, shall have any ownership interest in such Partnership assets or any portion
thereof. Title to any or all of the Partnership assets may be held in the name of the Partnership, the General Partner or one or
more nominees, as the General Partner may determine. The General Partner hereby declares and warrants that any Partnership assets
for which record title is held in the name of the General Partner shall be held by the General Partner for the exclusive use and
benefit of the Partnership in accordance with the provisions of this Agreement; provided, however, that the General Partner shall
use its reasonable efforts to cause record title to such assets (other than those assets in respect of which the General Partner
determines that the expense and difficulty of conveyancing makes transfer of record title to the Partnership impracticable) to
be vested in the Partnership as soon as reasonably practicable; provided, that prior to the withdrawal or removal of the General
Partner or as soon thereafter as practicable, the General Partner will use reasonable efforts to effect the transfer of record
title to the Partnership and, prior to any such transfer, will provide for the use of such assets in a manner satisfactory to the
Partnership. All Partnership assets shall be recorded as the property of the Partnership in its books and records, irrespective
of the name in which record title to such Partnership assets are held.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 7</B><BR>
Rights and Duties of the General Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Management Power.</I></FONT>
<FONT STYLE="font-size: 10pt">The General Partner shall have exclusive management and control of the business and affairs of the
Partnership, and all decisions regarding the management and affairs of the Partnership shall be made by the General Partner. The
General Partner shall have all the rights and powers of general partner as provided in the Act and as otherwise provided by law.
Except as otherwise expressly provided in this Agreement, the General Partner is hereby granted the right, power and authority
to do on behalf of the Partnership all things which, in its sole judgment, are necessary, proper or desirable to carry out the
aforementioned duties and responsibilities, including but not limited to, the right, power and authority from time to time to do
the following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the making of any expenditures, the lending or borrowing of money, the assumption or guarantee
of, or other contracting for, indebtedness and other liabilities, the issuance of evidences of indebtedness and the incurring of
any other obligations and the securing of same by mortgage, deed of trust or other lien or encumbrance;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the making of tax, regulatory and other filings, or rendering of periodic or other reports
to governmental or other agencies having jurisdiction over the business or assets of the Partnership;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the acquisition, disposition, mortgage, pledge, encumbrance, hypothecation or exchange of
any or all of the assets of the Partnership, or the merger or other combination of the Partnership with or into another Person
(the matters described in this clause (c) being subject, however, to any prior approval that may be required in accordance with
this Agreement);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the use of the assets of the Partnership (including, without limitation, cash on hand) for
any purpose consistent with the terms of this Agreement including, without limitation, the financing of the conduct of the operations
of the Partnership, the lending of funds to other Persons, and the repayment of obligations of the Partnership;</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the negotiation, execution and performance of any contracts, conveyances or other instruments
(including, without limitation, instruments that limit the liability of the Partnership under contractual arrangements to all or
particular assets of the Partnership with the other party to the contract to have no recourse against the General Partner or its
assets other than its interest in the Partnership, even if same results in the terms of the transaction being less favorable to
the Partnership than would otherwise be the case);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the distribution of Distributable Cash;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(g)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the selection and dismissal of employees (including, without limitation, employees having
titles such as <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;president,&rdquo; &ldquo;vice
president,&rdquo; &ldquo;secretary&rdquo;</I></FONT></FONT> <FONT STYLE="font-size: 10pt">and <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;treasurer&rdquo;),</I></FONT></FONT>
<FONT STYLE="font-size: 10pt">agents, outside attorneys, accountants, consultants and contractors and the determination of their
compensation and other terms of employment or hiring;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(h)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the maintenance of insurance for the benefit of the Partners and the Partnership (including,
without limitation, the assets and operations of the Partnership);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the formation of, or acquisition of an interest in, and the contribution of property to, any
further limited or general partnerships, joint ventures or other relationships;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(j)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the control of any matters affecting the rights and obligations of the Partnership, including,
without limitation, the bringing and defending of actions at law or in equity and otherwise engaging in the conduct of litigation
and the incurring of legal expense and the settlement of claims and litigation;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(k)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the indemnification of any Person against liabilities and contingencies to the extent permitted
by law;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(l)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the entering into of listing agreements with the NYSE Arca, Inc. and any other securities
exchange and the delisting of some or all of the Units from, or requesting that trading be suspended on, any such exchange; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(m)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the purchase, sale or other acquisition or disposition of Units.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Best Efforts.</I></FONT>
<FONT STYLE="font-size: 10pt">The General Partner will use its best efforts to cause the Partnership to be formed, reformed, qualified
or registered under assumed or fictitious name statutes or similar laws in any state in which the Partnership owns property or
transacts business if such formation, reformation, qualification or registration is necessary in order to protect the limited liability
of the Limited Partners or to permit the Partnership lawfully to own property or transact business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Right of Public to Rely
on Authority of a General Partner.</I></FONT> <FONT STYLE="font-size: 10pt">No person shall be required to determine the General
Partner&rsquo;s authority to make any undertaking on behalf of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Obligation of the General Partner. <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt">The
General Partner shall:</FONT></I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">devote to the Partnership and apply to the accomplishment of the Partnership purposes so much
of its time and attention as is necessary or advisable to manage properly the affairs of the Partnership;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">maintain the Capital Account for each Partner; and</FONT></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"><FONT STYLE="font-size: 10pt">(c)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">cause the Partnership to enter into and carry out the obligations of the Partnership contained
in the agreements with Affiliates of the General Partner as described in the Prospectus and cause the Partnership not to take any
action in violation of such agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Good Faith.</I></FONT>
<FONT STYLE="font-size: 10pt">The General Partner has a responsibility to the Limited Partners to exercise good faith and fairness
in all dealings. In the event that a Limited Partner believes that the General Partner has violated its fiduciary duty to the Limited
Partners, he may seek legal relief individually or on behalf of the Partnership under applicable laws, including under the Act
and under securities and commodities laws, to recover damages from or require an accounting by the General Partner. Limited Partners
should be aware that performance by the General Partner of its fiduciary duty is measured by the terms of this Agreement as well
as applicable law. Limited Partners may also have the right, subject to applicable procedural and jurisdictional requirements,
to bring class actions in federal court to enforce their rights under the federal securities laws and the rules and regulations
promulgated thereunder by the SEC. Limited Partners who have suffered losses in connection with the purchase or sale of the Units
may be able to recover such losses from the General Partner where the losses result from a violation by the General Partner of
the federal securities laws. State securities laws may also provide certain remedies to limited partners. Limited Partners are
afforded certain rights to institute reparations proceedings under the Commodity Exchange Act for violations of the Commodity Exchange
Act or of any rule, regulation or order of the Commodities Futures Trading Commission <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>(&ldquo;CFTC&rdquo;)</I></FONT></FONT>
<FONT STYLE="font-size: 10pt">by the General Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Indemnification</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">7.6.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Notwithstanding any other provision of this Agreement, neither a General Partner (including
in its capacity as Tax Representative) nor any employee or other agent of the Partnership nor any officer, director, stockholder,
partner, employee or agent of a General Partner (a <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Protected
Person&rdquo;</I></FONT></FONT> <FONT STYLE="font-size: 10pt">) shall be liable to any Partner or the Partnership for any mistake
of judgment or for any action or inaction taken, nor for any losses due to any mistake of judgment or to any action or inaction
or to the negligence, dishonesty or bad faith of any officer, director, stockholder, partner, employee or agent of the Partnership
or any officer, director, stockholder, partner, employee or agent of such General Partner, provided that such officer, director,
stockholder, partner, employee or agent of the Partner or officer, director, stockholder, partner, employee or agent of such General
Partner was selected, engaged or retained by such General Partner with reasonable care, except with respect to any matter as to
which such General Partner shall have been finally adjudicated in any action, suit or other proceeding not to have acted in good
faith in the reasonable belief that such Protected Person&rsquo;s action was in the best interests of the Partnership and except
that no Protected Person shall be relieved of any liability to which such Protected Person would otherwise be subject by reason
of willful misfeasance, gross negligence or reckless disregard of the duties involved in the conduct of the Protected Person&rsquo;s
office. A General Partner and its officers, directors, employees or partners may consult with counsel and accountants (except for
the Partnership&rsquo;s independent auditors) in respect of Partnership affairs and be fully protected and justified in any action
or inaction which is taken in accordance with the advice or opinion of such counsel or accountants (except for the Partnership&rsquo;s
independent auditors), provided that they shall have been selected with reasonable care.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Notwithstanding
any of the foregoing to the contrary, the provisions of this Article 7.6.1 and of Article 7.6.2 hereof shall not be construed so
as to relieve (or attempt to relieve) a General Partner (or any officer, director, stockholder, partner, employee or agent of such
General Partner) of any liability to the extent (but only to the extent) that such liability may not be waived, modified or limited
under applicable law, but shall be construed so as to effectuate the provisions of this Article 7.6.1 and of Article 7.6.2 hereof
to the fullest extent permitted by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">7.6.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The Partnership shall, to the fullest extent permitted by law, but only out of Partnership
assets, indemnify and hold harmless a General Partner (including in its capacity as Tax Representative) and each officer, director,
stockholder, partner, employee or agent thereof (including persons who serve at the Partnership&rsquo;s request as directors, officers
or trustees of another organization in which the Partnership has an interest as a Unitholder, creditor or otherwise) and their
respective legal representatives and successors (hereinafter referred to as a <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Covered
Person&rdquo;)</I></FONT></FONT> <FONT STYLE="font-size: 10pt">against all liabilities and expenses, including but not limited
to amounts paid in satisfaction of judgments, in compromise or as fines and penalties, and counsel fees reasonably incurred by
any Covered Person in connection with the defense or disposition of any action, suit or other proceedings, whether civil or criminal,
before any court or administrative or legislative body, in which such Covered Person may be or may have been involved as a party
or otherwise or with which such Covered Person may be or may have been threatened, while in office or thereafter, by reason of
an alleged act or omission as a General Partner or director or officer thereof, or by reason of its being or having been such a
General Partner, director or officer, except with respect to any matter as to which such Covered Person shall have been finally
adjudicated in any such action, suit or other proceeding not to have acted in good faith in the reasonable belief that such Covered
Person&rsquo;s action was in the best interest of the Partnership, and except that no Covered Person shall be indemnified against
any liability to the Partnership or Limited Partners to which such Covered Person would otherwise be subject by reason of willful
misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Covered Person&rsquo;s
office. Expenses, including counsel fees so incurred by any such Covered Person, may be paid from time to time by the Partnership
in advance of the final disposition of any such action, suit or proceeding on the condition that the amounts so paid shall be repaid
to the Partnership if it is ultimately determined that the indemnification of such expenses is not authorized hereunder.</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">As to any
matter disposed of by a compromise payment by any such Covered Person, pursuant to a consent decree or otherwise, no such indemnification
either for said payment or for any other expenses shall be provided unless such compromise shall be approved as in the best interests
of the Partnership, after notice that it involved such indemnification by any disinterested person or persons to whom the questions
may be referred by the General Partner, provided that there has been obtained an opinion in writing of independent legal counsel
to the effect that such Covered Person appears to have acted in good faith in the reasonable belief that his or her action was
in the best interests of the Partnership and that such indemnification would not protect such persons against any liability to
the Partnership or its Limited Partners to which such person would otherwise by subject by reason of willful misfeasance, bad faith,
gross negligence or reckless disregard of the duties involved in the conduct of office. Approval by any disinterested person or
persons shall not prevent the recovery from persons of indemnification if such Covered Person is subsequently adjudicated by a
court of competent jurisdiction not to have acted in good faith in the reasonable belief that such Covered Person&rsquo;s action
was in the best interests of the Partnership or to have been liable to the Partnership or its Limited Partners by reason of willful
misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Covered Person&rsquo;s
office.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">The right
of indemnification hereby provided shall not be exclusive of or affect any other rights to which any such Covered Person may be
entitled. As used in this Article 7.6.2, an <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;interested
Covered Person&rdquo;</I></FONT> is one against whom the action, suit or other proceeding on the same or similar grounds is then
or has been pending and a <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;disinterested
person&rdquo;</I></FONT> is a person against whom no actions, suits or other proceedings or another action, suit or other proceeding
on the same or similar grounds is then or has been pending. Nothing contained in this Article 7.6.2 shall affect any rights to
indemnification to which personnel of a General Partner, other than directors and officers, and other persons may be entitled by
contract or otherwise under law, nor the power of the Partnership to purchase and maintain liability insurance on behalf of any
such person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Nothing in
this Article 7.6.2 shall be construed to subject any Covered Person to any liability to which he or she is not already liable under
this Agreement or applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">7.6.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Each Limited Partner agrees that it will not hold any Affiliate or any officer, director,
stockholder, partner, employee or agent of any Affiliate of the General Partner liable for any actions of such General Partner
or any obligations arising under or in connection with this Agreement or the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.7</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Resolutions of Conflicts of Interest; Standard of Care</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">7.7.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Unless otherwise expressly provided in this Agreement or any other agreement contemplated
hereby, whenever a conflict of interest exists or arises between the General Partner on the one hand, and the Partnership or any
Limited Partner, on the other hand, any resolution or course of action by the General Partner in respect of such conflict of interest
shall be permitted and deemed approved by all Partners and shall not constitute a breach of this Agreement or of any agreement
contemplated hereby or of a duty stated or implied by law or equity, if the resolution or course of action is, or by operation
of this Agreement is deemed to be, fair and reasonable to the Partnership. If a dispute arises, it will be resolved through negotiations
with the General Partner or by a court located in the State of Delaware. Any resolution of a dispute is deemed to be fair and reasonable
to the Partnership if the resolution is:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">&bull;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Approved by the Audit Committee, although no party is obligated to
seek such approval and the General Partner may adopt a resolution or course of action that has not received such approval;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">&bull;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">On terms no less favorable to the Limited Partners than those generally
being provided to or available from unrelated third parties; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif">&bull;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Fair to the Limited Partners, taking into account the totality of
the relationships of the parties involved including other transactions that may be particularly favorable or advantageous to the
Limited Partners.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">7.7.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Whenever this Agreement or any other agreement contemplated hereby provides that the General
Partner is permitted or required to make a decision (i) in its discretion or under a grant of similar authority or latitude, the
General Partner shall be entitled to the extent permitted by applicable law, to consider only such interest and factors as it desires
and shall have no duty or obligation to give any consideration to any interest of or factors affecting the partnership or the Limited
Partners, or (ii) in its good faith or under another express standard, the General Partner shall act under such express standard
and except as required by applicable law, shall not be subject to any other different standards imposed by this Agreement, any
other agreement contemplated hereby or applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.8</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Other Matters Concerning the General Partner</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">7.8.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner (including the Audit Committee) may rely on and shall be protected in
acting or refraining from acting upon any certificate, document or other instrument believed by it to be genuine and to have been
signed or presented by the proper party or parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">7.8.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner (including the Audit Committee) may consult with legal counsel, accountants,
appraisers, management consultants, investment bankers and other consultants and advisors selected by it and any opinion or advice
of any such person as to matters which the General Partner (including the Audit Committee) believes to be within such person&rsquo;s
professional or expert competence shall be the basis for full and complete authorization of indemnification and provide legal protection
with respect to any action taken or suffered or omitted by the General Partner (including the Audit Committee) hereunder in good
faith and in accordance with such opinion or advice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">7.8.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner (including the Audit Committee) may exercise any of the powers granted
to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents, and
the General Partner (including the Audit Committee) shall not be responsible for any misconduct or negligence on the part of any
such agent appointed by the General Partner in good faith.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.9</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Other Business Ventures.</I></FONT>
<FONT STYLE="font-size: 10pt">Any Partner, director, employee, Affiliate or other person holding a legal or beneficial interest
in any entity which is a Partner, may engage in or possess an interest in other business ventures of every nature and description,
independently or with others, whether such ventures are competitive with the Partnership or otherwise; and, neither the Partnership
nor the Partners shall have any right by virtue of this Agreement in or to such independent ventures or to the income or profits
derived there from.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.10</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Contracts with the General
Partner or its Affiliates.</I></FONT> <FONT STYLE="font-size: 10pt">The General Partner may, on behalf of the Partnership, enter
into contracts with any Affiliate. The validity of any transaction, agreement or payment involving the Partnership and any General
Partner or any Affiliate of a General Partner otherwise permitted by the terms of this Agreement shall not be affected by reason
of (i) the relationship between the Partnership and the Affiliate of the General Partner, or (ii) the approval of said transaction
agreement or payment by officers or directors of the General Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">7.11</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Additional General Partners.</I></FONT>
<FONT STYLE="font-size: 10pt">Additional general partners may be admitted with the consent of the General Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 8<BR>
Rights and Obligations of Limited Partners</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">8.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>No Participation in Management.</I></FONT>
<FONT STYLE="font-size: 10pt">No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner)
shall take part in the management of the Partnership&rsquo;s business, transact any business in the Partnership&rsquo;s name or
have the power to sign documents for or otherwise bind the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">8.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Limitation of Liability.</I></FONT>
<FONT STYLE="font-size: 10pt">Except as provided in the Act, the debts, obligations, and liabilities of the Partnership, whether
arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Partnership. A Limited Partner
will not be liable for assessments in addition to its initial capital investment in any capital securities representing limited
partnership interests. However, a Limited Partner may be required to repay to the Partnership any amounts wrongfully returned or
distributed to it under some circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">8.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Indemnification and Terms
of Admission.</I></FONT> <FONT STYLE="font-size: 10pt">Each Limited Partner shall indemnify and hold harmless the Partnership,
the General Partner and every Limited Partner who was or is a party or is threatened to be made a party to any threatened, pending
or completed action, suit or proceedings, whether civil, criminal, administrative or investigative, by reason of or arising from
any actual or alleged misrepresentation or misstatement of facts or omission to state facts made (or omitted to be made) by such
Limited Partner in connection with any assignment, transfer, encumbrance or other disposition of all or any part of an interest,
or the admission of a Limited Partner to the Partnership, against expenses for which the Partnership or such other Person has not
otherwise been reimbursed (including attorneys&rsquo; fees, judgments, fines and amounts paid in settlement) actually and reasonably
incurred by him in connection with such action, suit or proceeding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">8.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Effective Date.</I></FONT>
<FONT STYLE="font-size: 10pt">The effective date of admission of a Limited Partner shall be the date designated by the General
Partner in writing to such assignee or transferee.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">8.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Death or Incapacity of
Limited Partner.</I></FONT> <FONT STYLE="font-size: 10pt">The death or legal incapacity of a Limited Partner shall not cause dissolution
of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">8.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Rights of Limited Partner Relating to the Partnership</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">In addition to other rights provided by this Agreement or by applicable law, and except as
otherwise limited under this Agreement, each Limited Partner shall have the right, for a purpose reasonably related to such Limited
Partner&rsquo;s interest as a Limited Partner in the Partnership, upon reasonable demand and at such Limited Partner&rsquo;s own
expense:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(i)</FONT><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><FONT STYLE="font-size: 10pt">to obtain true and full information regarding the status of the business and financial condition
of the Partnership;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(ii)</FONT><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="font-size: 10pt">promptly after becoming available, to obtain a copy of the Partnership&rsquo;s federal, state
and local tax returns for each year;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iii)</FONT><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><FONT STYLE="font-size: 10pt">to have furnished to it, upon notification to the General Partner, a current list of the name
and last known business, residence or mailing address of each Partner;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(iv)</FONT><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><FONT STYLE="font-size: 10pt">to have furnished to it, upon notification to the General Partner, a copy of this Agreement
and the Certificate of Limited Partnership and all amendments thereto;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(v)</FONT><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><FONT STYLE="font-size: 10pt">to obtain true and full information regarding the amount of cash contributed by and a description
and statement of the value of any other Capital Contribution by each Partner and which each Partner has agreed to contribute in
the future, and the date on which each became a Partner; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(vi)</FONT><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><FONT STYLE="font-size: 10pt">to obtain such other information regarding the affairs of the Partnership as is just and reasonable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Notwithstanding any other provision of this Agreement, the General Partner may keep confidential
from the Limited Partners and Assignees for such period of time as the General Partner deems reasonable, any information that the
General Partner reasonably believes to be in the nature of trade secrets or other information, the disclosure of which the General
Partner in good faith believes is not in the best interests of the Partnership or could damage the Partnership or that the Partnership
is required by law or by agreements with third parties to keep confidential (other than agreements with Affiliates the primary
purpose of which is to circumvent the obligations set forth in this Article 8.6).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 9<BR>
Unit Certificates</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">9.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Unit Certificates.</I></FONT>
<FONT STYLE="font-size: 10pt">Certificates shall be executed on behalf of the Partnership by any officer either of the General
Partner or, if any, of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">9.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Registration Form, Registration of Transfer and Exchange</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">9.2.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner shall cause to be kept on behalf of the Partnership a register (the <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Unit
Register&rdquo;)</I></FONT></FONT> <FONT STYLE="font-size: 10pt">in which, subject to such reasonable regulations as it may prescribe,
the General Partner will provide for the registration and the transfer of Units. The Transfer Agent has been appointed registrar
and transfer agent for the purpose of registering and transferring Units as herein provided. The Partnership shall not recognize
transfers of Certificates representing Units unless same are effected in the manner described in this Article 9.2. Upon surrender
for registration of transfer of any Units evidenced by a Certificate, the General Partner on behalf of the Partnership will execute,
and the Transfer Agent will countersign and deliver, in the name of the holder or the designated transferee or transferees, as
required pursuant to the holder&rsquo;s instructions, one or more new Certificates evidencing the same aggregate number of Units
as was evidenced by the Certificate so surrendered.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">9.2.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Book-Entry-Only System</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Global Certificate Only.</I></FONT>
<FONT STYLE="font-size: 10pt">Unless otherwise authorized by the General Partner, Certificates for Units will not be issued, other
than the one or more Global Certificates issued to the Depository. So long as the Depository Agreement is in effect, Creation Baskets
will be issued and redeemed and Units will be transferable solely through the book-entry systems of the Depository and the DTC
Participants and their Indirect Participants as more fully described below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Global
Certificate.</I></FONT> The Partnership and the General Partner will enter into the Depository Agreement pursuant to which the
Depository will act as securities depository for the Units. Units will be represented by the Global Certificate (which may consist
of one or more certificates as required by the Depository), which will be registered, as the Depository shall direct, in the name
of Cede &amp; Co., as nominee for the Depository and deposited with, or on behalf of, the Depository. No other certificates evidencing
Units will be issued. The Global Certificate shall be in the form attached hereto as Exhibit A and shall represent such Units as
shall be specified therein, and may provide that it shall represent the aggregate amount of outstanding Units from time to time
endorsed thereon and that the aggregate amount of outstanding Units represented thereby may from time to time be increased or decreased
to reflect creations or redemptions of Baskets (as defined in Section 16.1). Any endorsement of a Global Certificate to reflect
the amount, or any increase or decrease in the amount, of outstanding Units represented thereby shall be made in such manner and
upon instructions given by the General Partner on behalf of the Partnership as specified in the Depository Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Legend.</I></FONT>
Any Global Certificate issued to the Depository or its nominee shall bear a legend substantially to the following effect:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in; text-align: justify">&ldquo;UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (&ldquo;DTC&rdquo;), TO THE
FUND OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE
&amp; CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &amp; CO.
OR TO SUCH OTHER ENTITY AS IS REQUIRED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE &amp; CO., HAS AN INTEREST HEREIN.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>The
Depository.</I></FONT> The Depository has advised the Partnership and the General Partner as follows: the Depository is a limited-purpose
trust company organized under the laws of the State of New York, a member of the U.S. Federal Reserve System, a <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;clearing
corporation&rdquo;</I></FONT> within the meaning of the New York Uniform Commercial Code, and a <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;clearing
agency&rdquo;</I></FONT> registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.
The Depository was created to hold securities of DTC Participants and to facilitate the clearance and settlement of securities
transactions among the DTC Participants in such securities through electronic book-entry changes in accounts of the DTC Participants,
thereby eliminating the need for physical movement of securities certificates. DTC Participants include securities brokers and
dealers, banks, trust companies, clearing corporations, and certain other organizations, some of whom (and/or their representatives)
own the Depository. Access to the Depository&rsquo;s system is also available to others such as banks, brokers, dealers and trust
companies that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>(&ldquo;Indirect
Participants&rdquo;)</I></FONT>. The Depository may determine to discontinue providing its service with respect to Creation Baskets
and Units by giving notice to the General Partner pursuant to and in conformity with the provisions of the Depository Agreement
and discharging its responsibilities with respect thereto under applicable law. Under such circumstances, the General Partner shall
take action either to find a replacement for the Depository to perform its functions at a comparable cost and on terms acceptable
to the General Partner or, if such a replacement is unavailable, to terminate the Partnership.</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">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Beneficial
Owners.</I></FONT> As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of
Units, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units so created,
transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated
by the General Partner on behalf of the Partnership and each Participant, in the case of a creation or redemption of Baskets. Ownership
of beneficial interest in Units will be limited to DTC Participants, Indirect Participants and persons holding interests through
DTC Participants and Indirect Participants. Beneficial Owners will be shown on, and the transfer of beneficial ownership by Beneficial
Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of
Indirect Participants and Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records
or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, from or through the broker or bank
that maintains the account through which the Beneficial Owner has purchased Units, a written confirmation relating to their purchase
of Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Reliance
on Procedures.</I></FONT> Except for those who have provided Transfer Applications to the General Partner, so long as Cede &amp;
Co., as nominee of the Depository, is the registered owner of Units, references herein to the registered or record owners of Units
shall mean Cede &amp; Co. and shall not mean the Beneficial Owners of Units. Beneficial Owners of Units will not be entitled to
have Units registered in their names, will not receive or be entitled to receive physical delivery of certificates in definitive
form and will not be considered the record or registered holder of Units under this Agreement. Accordingly, to exercise any rights
of a holder of Units under the Agreement, a Beneficial Owner must rely on the procedures of the Depository and, if such Beneficial
Owner is not a DTC Participant, on the procedures of each DTC Participant or Indirect Participant through which such Beneficial
Owner holds its interests. The Partnership and the General Partner understand that under existing industry practice, if the Partnership
requests any action of a Beneficial Owner, or a Beneficial Owner desires to take any action that the Depository, as the record
owner of all outstanding Units, is entitled to take, the Depository will notify the DTC Participants regarding such request, such
DTC Participants will in turn notify each Indirect Participant holding Units through it, with each successive Indirect Participant
continuing to notify each person holding Units through it until the request has reached the Beneficial Owner, and in the case of
a request or authorization to act that is being sought or given by a Beneficial Owner, such request or authorization is given by
the Beneficial Owner and relayed back to the Partnership through each Indirect Participant and DTC Participant through which the
Beneficial Owner&rsquo;s interest in the Units is held.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Communication
between the Partnership and the Beneficial Owners.</I></FONT> As described above, the Partnership will recognize the Depository
or its nominee as the owner of all Units for all purposes except as expressly set forth in this Agreement. Conveyance of all notices,
statements and other communications to Beneficial Owners will be effected in accordance with this paragraph. Pursuant to the Depository
Agreement, the Depository is required to make available to the Partnership, upon request and for a fee to be charged to the Partnership,
a listing of the Unit holdings of each DTC Participant. The Partnership shall inquire of each such DTC Participant as to the number
of Beneficial Owners holding Units, directly or indirectly, through such DTC Participant. The Partnership shall provide each such
DTC Participant with sufficient copies of such notice, statement or other communication, in such form, number and at such place
as such DTC Participant may reasonably request, in order that such notice, statement or communication may be transmitted by such
DTC Participant, directly or indirectly, to such Beneficial Owners. In addition, the Partnership shall pay to each such DTC Participant
an amount as reimbursement for the expenses attendant to such transmittal, all subject to applicable statutory and regulatory requirements.</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">(7)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Distributions.</I></FONT>
Distributions on Units pursuant to this Agreement shall be made to the Depository or its nominee, Cede &amp; Co., as the registered
owner of all Units. The Partnership and the General Partner expect that the Depository or its nominee, upon receipt of any payment
of distributions in respect of Units, shall credit immediately DTC Participants&rsquo; accounts with payments in amounts proportionate
to their respective beneficial interests in Units as shown on the records of the Depository or its nominee. The Partnership and
the General Partner also expect that payments by DTC Participants to Indirect Participants and Beneficial Owners held through such
DTC Participants and Indirect Participants will be governed by standing instructions and customary practices, as is now the case
with securities held for the accounts of customers in bearer form or registered in a <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;street
name,&rdquo;</I></FONT> and will be the responsibility of such DTC Participants and Indirect Participants. Neither the Partnership
nor the General Partner will have any responsibility or liability for any aspects of the records relating to or notices to Beneficial
Owners, or payments made on account of beneficial ownership interests in Units, or for maintaining, supervising or reviewing any
records relating to such beneficial ownership interests or for any other aspect of the relationship between the Depository and
the DTC Participants or the relationship between such DTC Participants and the Indirect Participants and Beneficial Owners owning
through such DTC Participants or Indirect Participants or between or among the Depository, any Beneficial Owner and any person
by or through which such Beneficial Owner is considered to own Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(8)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Limitation
of Liability.</I></FONT> The Global Certificate to be issued hereunder is executed and delivered solely on behalf of the Partnership
by the General Partner in its capacity as such and in the exercise of the powers and authority conferred and vested in it by this
Agreement. The representations, undertakings and agreements made on the part of the Partnership in the Global Certificate are made
and intended not as personal representations, undertakings and agreements by the General Partner, but are made and intended for
the purpose of binding only the Partnership. Nothing in the Global Certificate shall be construed as creating any liability on
the General Partner, individually or personally, to fulfill any representation, undertaking or agreement other than as provided
in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(9)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Successor
Depository.</I></FONT> If a successor to the Depository shall be employed as Depository hereunder, the Partnership and the General
Partner shall establish procedures acceptable to such successor with respect to the matters addressed in this Section 9.2.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1.5in">(10)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Transfer
of Units.</I></FONT> Beneficial Owners that are not DTC Participants may transfer Units by instructing the DTC Participant or Indirect
Participant holding the Units for such Beneficial Owner in accordance with standard securities industry practice. Beneficial Owners
that are DTC Participants may transfer Units by instructing the Depository in accordance with the rules of the Depository and standard
securities industry practice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">9.2.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Except as otherwise provided in this Agreement, the Partnership shall not recognize any transfer
of Units until the Certificates (if applicable) and a Transfer Application have been provided to the General Partner evidencing
such Units are surrendered for registration of transfer. Such Certificates must be accompanied by a Transfer Application duly executed
by the transferee (or the transferee&rsquo;s attorney-in-fact duly authorized in writing). No charge shall be imposed by the Partnership
for such transfer, provided, that, as a condition to the issuance of any new Certificate under this Article 9.2, the General Partner
may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed with respect thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">9.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Mutilated, Destroyed, Lost or Stolen Certificates</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">9.3.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">If any mutilated Certificate is surrendered to the Transfer Agent, the General Partner on
behalf of the Partnership, shall execute, and upon its request, the Transfer Agent shall countersign and deliver in exchange therefore,
a new Certificate evidencing the same number of Units as the Certificate so surrendered.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">9.3.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner, on behalf of the Partnership, shall execute, and upon its request, the
Transfer Agent shall countersign and deliver a new Certificate in place of any Certificate previously issued if the Record Holder
of the Certificate:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">makes proof by affidavit, in form and substance satisfactory to the General Partner, that
a previously issued Certificate has been lost, destroyed or stolen;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">requests the issuance of a new Certificate before the Partnership has received notice that
the Certificate has been acquired by a purchaser for value in good faith and without notice of an adverse claim;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">if requested by the General Partner, delivers to the Partnership a bond or such other form
of security or indemnity as may be required by the General Partner, in form and substance satisfactory to the General Partner,
with surety or sureties and with fixed or open penalty as the General Partner may direct, in its sole discretion, to indemnify
the Partnership, the General Partner and the Transfer Agent against any claim that may be made on account of the alleged loss,
destruction or theft of the Certificate; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">satisfies any other reasonable requirements imposed by the General Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">If a Limited
Partner or Assignee fails to notify the Partnership within a reasonable time after it has notice of the loss, destruction or theft
of a Certificate, and a transfer of the Units represented by the Certificate is registered before the Partnership, the General
Partner or the Transfer Agent receives such notification, the Limited Partner or Assignee shall be precluded from making any claim
against the Partnership, the General Partner or the Transfer Agent for such transfer or for a new Certificate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">9.3.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">As a condition to the issuance of any new Certificate under this Article 9.3, the General
Partner may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including, without limitation, the fees and expenses of the Transfer Agent) connected therewith.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">9.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Record Holder.</I></FONT>
<FONT STYLE="font-size: 10pt">The Partnership shall be entitled to recognize the Record Holder as the Limited Partner or Assignee
with respect to any Units and, accordingly, shall not be bound to recognize any equitable or other claim to or interest in such
Units on the part of any other Person, whether or not the Partnership shall have actual or other notice thereof, except as otherwise
provided by law or any applicable rule, regulation, guideline or requirement of any national securities exchange on which the Units
are listed for trading. Without limiting the foregoing, when a Person (such as a broker, dealer, bank trust company or clearing
corporation or an agent of any of the foregoing) is acting as nominee, agent or in some other representative capacity for another
Person in acquiring and/or holding Units, as between the Partnership on the one hand and such other Persons on the other hand such
representative Person (a) shall be the Limited Partner or Assignee (as the case may be) of record and beneficially, (b) must execute
and deliver a Transfer Application and (c) shall be bound by this Agreement and shall have the rights and obligations of a Limited
Partner or Assignee (as the case may be) hereunder and as provided for herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">9.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Partnership Securities.</I></FONT>
<FONT STYLE="font-size: 10pt">The General Partner is hereby authorized to cause the Partnership to issue Partnership Securities,
for any Partnership purpose, at any time or from time to time, to the Partners or to other Persons for such consideration and on
such terms and conditions as shall be established by the General Partner in its sole discretion, all without the approval of any
Limited Partners. The General Partner shall have sole discretion, subject to the requirements of the Act, in determining the consideration
and terms and conditions with respect to any future issuance of Partnership Securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">9.5.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner shall do all things necessary to comply with the Act and is authorized
and directed to do all things it deems to be necessary or advisable in connection with any future issuance of Partnership Securities,
including, without limitation, compliance with any statute, rule, regulation or guideline of any federal, state or other governmental
agency or any national securities exchange on which the Units or other Partnership Securities are listed for trading.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">10.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Transfer</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.1.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The term <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;transfer,&rdquo;</I></FONT></FONT>
<FONT STYLE="font-size: 10pt">when used in this Article 10 with respect to an interest, shall be deemed to refer to an appropriate
transaction by which the General Partner assigns its interest as General Partner to another Person or by which the holder of a
Unit assigns such Unit to another Person who is or becomes an Assignee and includes a sale, assignment, gift, pledge, encumbrance,
hypothecation, mortgage, exchange or any other disposition by law or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.1.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">No interest shall be transferred in whole or in part, except in accordance with the terms
and conditions set forth in this Article 10. Any transfer or purported transfer of an interest not made in accordance with this
Article 10 shall be null and void.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">10.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Transfer of General Partner&rsquo;s Interest</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.2.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Except as set forth in this Article 10.2.1, the General Partner may transfer all, but not
less than all, of its interest as the general partner to a single transferee if, but only if, (i) at least a majority of the Limited
Partners approve of such transfer and of the admission of such transferee as general partner, (ii) the transferee agrees to assume
the rights and duties of the General Partner and be bound by the provisions of this Agreement and other applicable agreements,
and (iii) the Partnership receives an Opinion of Counsel that such transfer would not result in the loss of limited liability of
any Limited Partner or of the Partnership or cause the Partnership to be taxable as a corporation or otherwise taxed as an entity
for federal income tax purposes. The foregoing notwithstanding, the General Partner is expressly permitted to pledge its interest
as General Partner to secure the obligations of the Partnership under a Revolving Credit Facility, as the same may be amended,
supplemented, replaced, refinanced or restated from time to time, or any successor or subsequent loan agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.2.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Neither Article 10.2.1 nor any other provision of this Agreement shall be construed to prevent
(and all Partners do hereby consent to) (i) the transfer by the General Partner of all of its interest as a general partner to
an Affiliate or (ii) the transfer by the General Partner of all its interest as a general partner upon its merger or consolidation
with or other combination into any other Person or the transfer by it of all or substantially all of its assets to another Person
if, in the case of a transfer described in either clause (i) or (ii) of this sentence, the rights and duties of the General Partner
with respect to the interest so transferred are assumed by the transferee and the transferee agrees to be bound by the provisions
of this Agreement; provided, that in either such case, such transferee furnishes to the Partnership an Opinion of Counsel that
such merger, consolidation, combination, transfer or assumption will not result in a loss of limited liability of any Limited Partner
or of the Partnership or cause the Partnership to be taxable as a corporation or otherwise taxed as an entity for federal income
tax purpose. In the case of a transfer pursuant to this Article 10.2.2, the transferee or successor (as the case may be) shall
be admitted to the Partnership as the General Partner immediately prior to the transfer of the interest, and the business of the
Partnership shall continue without dissolution.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">10.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Transfer of Units</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.3.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Units may be transferred only in the manner described in Article 9.2. The transfer of any
Units and the admission of any new Partner shall not constitute an amendment to this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.3.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Until admitted as a Substituted Limited Partner pursuant to Article 11, the Record Holder
of a Unit shall be an Assignee in respect of such Unit. Limited Partners may include custodians, nominees or any other individual
or entity in its own or any representative capacity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.3.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Each distribution in respect of Units shall be paid by the Partnership, directly or through
the Transfer Agent or through any other Person or agent, only to the Record Holders thereof as of the Record Date set for the distribution.
Such payment shall constitute full payment and satisfaction of the Partnership&rsquo;s liability in respect of such payment, regardless
of any claim of any Person who may have an interest in such payment by reason of an assignment or otherwise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.3.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">A transferee who has completed and delivered a Transfer Application provided by the seller
of the Units (or if purchased on an exchange directly from the Partnership), shall be deemed to have (i) requested admission as
a Substituted Limited Partner, (ii) agreed to comply with and be bound by and to have executed this Agreement, (iii) represented
and warranted that such transferee has the capacity and authority to enter into this Agreement, (iv) made the powers of attorney
set forth in this Agreement, and (v) given the consents and made the waivers contained in this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">10.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Restrictions on Transfers.</I></FONT>
<FONT STYLE="font-size: 10pt">Notwithstanding the other provisions of this Article 10, no transfer of any Unit or interest therein
of any Limited Partner or Assignee shall be made if such transfer would (a) violate the then applicable federal or state securities
laws or rules and regulations of the SEC, any state securities commission, the CFTC, or any other governmental authorities with
jurisdiction over such transfer, (b) cause the Partnership to be taxable as a corporation or (c) affect the Partnership&rsquo;s
existence or qualification as a limited partnership under the Act. The General Partner may request each Record Holder to furnish
certain information, including that holder&rsquo;s nationality, citizenship or other related status. A transferee who is not a
U.S. resident may not be eligible to become a Record Holder or a Limited Partner if such ownership would subject the Partnership
to the risk of cancellation or forfeiture of any of its assets under any federal, state or local law or regulation. If the Record
Holder fails to furnish the information or if the General Partner determines, on the basis of the information furnished by the
holder in response to the request, that such holder is not qualified to become a Limited Partner, the General Partner may be substituted
as a holder for the Record Holder, who will then be treated as a non-citizen assignee, and the Partnership will have the right
to redeem those securities held by the Record Holder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">10.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Tax Certificates</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.5.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">All Limited Partners or Assignees (or, if the Limited Partner or Assignee is a nominee holding
for the account of a Beneficial Owner, the Beneficial Owner) are required to provide the Partnership with a properly completed
Tax Certificate. In addition, each Limited Partner or Assignee (or Beneficial Owner) agree to provide any additional information
requested by the General Partner in order to allow the Partnership to comply with its U.S. federal income tax reporting obligations
and its obligations under the &ldquo;Foreign Account Tax Compliance Act&rdquo; under Code Sections 1471-1474 (or any successor
provisions) and any similar provision in any state and local or foreign law (including common reporting standards). In the case
of any Limited Partner or Assignee (or Beneficial Owner) that is not a United States person and that is not a natural person, the
required information to be provided by the Limited Partner or Assignee (or Beneficial Owner) will include information required
by the applicable Tax Certificate or otherwise requested by the General Partner concerning its owners.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.5.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">If a Limited Partner or Assignee (or, if the Limited Partner or Assignee is a nominee holding
for the account of a Beneficial Owner, the Beneficial Owner) fails to provide the Partnership with a properly completed Tax Certificate
(or other information requested by the General Partner in accordance with Section 10.5.1), the General Partner may request at any
time and from time to time, that such Limited Partner or Assignee (or Beneficial Owner) shall, within 15 days after request (whether
oral or written) therefore by the General Partner, furnish to the Partnership, a properly completed Tax Certificate (or other information
requested by the General Partner in accordance with Section 10.5.1). If a Limited Partner or Assignee (or Beneficial Owner) fails
to furnish to the General Partner within the aforementioned 15-day period such Tax Certificate (or other information requested
by the General Partner in accordance with Section 10.5.1), the Units owned by such Limited Partner or Assignee (or in the case
of a Limited Partner or Assignee that holds Units on behalf of a Beneficial Owner, the Units held on behalf of the Beneficial Owner)
shall be subject to redemption in accordance with the provisions of Article 10.6.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.5.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">By its acceptance of a Limited Partner interest or beneficial interest therein, each Limited
Partner or Assignee (or Beneficial Owner) waives all confidentiality rights, including all confidentiality rights provided by Section
3406(f) of the Code and Treasury Regulations Section 31.3406(f)-1, with respect to any representations, forms, documents or information,
and any information contained in such representations, forms or documents, that the Limited Partner or Assignee (or Beneficial
Owner) provides, or has previously provided, to any broker or nominee through which it owns said interest, to the extent such representations,
forms, documents or information may be necessary to enable the Partnership to comply with its withholding tax and backup withholding
tax and information reporting obligations or to make basis adjustments under Section 754 of the Code with respect to the Units.
Furthermore, the parties hereto, and by its acceptance or acquisition of a beneficial interest in a said interest, a Limited Partner
or Assignee (or Beneficial Owner), acknowledges and agrees that any broker or nominee through which it holds its Units shall be
a third-party beneficiary to this Agreement for the purposes set forth in this Section 10.5.3.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">10.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Redemption of Units for Failure to Provide Tax Certificate</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.6.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">If at any time a Limited Partner or Assignee fails to furnish a properly completed Tax Certificate
(or other information requested by the General Partner in accordance with Section 10.5.1) within the 15-day period specified in
Article 10.5.2, the Partnership may redeem the Units of such Limited Partner or Assignee as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner shall not later than the tenth (10th) Business Day before the date fixed
for redemption, give notice of redemption to the Limited Partner or Assignee, at its last address designated on the records of
the Partnership or the Transfer Agent, by registered or certified mail, postage prepaid. The notice shall be deemed to have been
given when so mailed (the <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Notice Date&rdquo;).</I></FONT></FONT>
<FONT STYLE="font-size: 10pt">The notice shall specify the Redeemable Units, the date fixed for redemption, the place of payment,
and that payment of the redemption price will be made upon surrender of the certification evidencing the Redeemable Units.</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The aggregate redemption price for Redeemable Units shall be an amount equal to the market
price as of the Close of Business on the Business Day immediately prior to the date fixed for redemption of Units to be so redeemed
multiplied by the number of Units included among the Redeemable Units. The redemption price shall be paid in the sole discretion
of the General Partner, in cash or by delivery of a promissory note of the Partnership in the principal amount of the redemption
price, bearing interest at the Prime Rate (as established by the Federal Reserve Board). and payable in three equal annual installments
of principal together with accrued interest commencing one year after the redemption date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Upon surrender by or on behalf of the Limited Partner or Assignee, at the place specified
in the notice of redemption, of the certification evidencing the Redeemable Units, duly endorsed in blank or accompanied by an
assignment duly executed in blank, the Limited Partner or Assignee or its duly authorized representative shall be entitled to receive
the payment therefore.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.6.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Withholding of Tax</I>. In the event the Partnership is required to pay withholding tax
or otherwise withhold any amount (including interest, penalties, or additions to tax) on behalf of, or with respect to, a Limited
Partner or Assignee (or Beneficial Owner), such amounts paid or withheld by the Partnership may be treated by the Partnership (in
the discretion of the General Partner) as having been distributed to such Limited Partner or Assignee (or Beneficial Owner) and
shall reduce the amounts otherwise distributable to such Limited Partner or Assignee (or Beneficial Owner). In the event of any
claimed over-withholding, a Limited Partner or Assignee (or Beneficial Owner) shall be limited to an action against the applicable
jurisdiction. To the extent the Partner is unable, or the General Partner determines it is inappropriate or impracticable, to associate
a withholding tax payment (that is paid or withheld in accordance with this Section 10.6.2 with a particular Limited Partner or
Assignee (or Beneficial Owner) or distribution, such withholding tax payment shall be treated as a Partnership expense.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.6.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">After the Notice Date, Redeemable Units shall no longer constitute issued and Outstanding
Units and no allocations or distributions shall be made with respect to such Redeemable Units. In addition, after the Notice Date,
the Redeemable Units shall not be transferable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">10.6.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The provisions of this Article 10.6 shall also be applicable to Units held by a Limited Partner
or Assignee as nominee of a Beneficial Owner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 11<BR>
Admission of Partners</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">11.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Admission of Initial Limited
Partners and Other Creation Basket Purchases.</I></FONT> <FONT STYLE="font-size: 10pt">Subject to the requirements of this Article
11, upon the issuance by the Partnership of Units to the Initial Limited Partner and any other purchasers of a Creation Basket,
the General Partner shall admit the Initial Limited Partner and such other purchasers of the Creation Basket to the Partnership
as Limited Partners in respect of the Units purchased.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">11.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Admission of Substituted
Limited Partners.</I></FONT> <FONT STYLE="font-size: 10pt">By transfer of a Unit in accordance with Article 10, the transferor
shall be deemed to have given the transferee the right to seek admission as a Substituted Limited Partner subject to the conditions
of, and in the manner permitted under, this Agreement. A transferor of a Certificate shall, however, only have the authority to
convey to a purchaser or other transferee who does not execute and deliver a Transfer Application (i) the right to negotiate such
Certificate to a purchaser or other transferee, and (ii) the right to transfer the right to request admission as a Substituted
Limited Partner to such purchaser or other transferee in respect of the transferred Units. Each transferee of a Unit (including,
without limitation, any nominee holder or an agent acquiring such Unit for the account of another Person) who executes and delivers
a Transfer Application shall, by virtue of such execution and delivery, be an Assignee and be deemed to have applied to become
a Substituted Limited Partner with respect to the Units so transferred to such Person. Such Assignee shall become a Substituted
Limited Partner (i) at such time as the General Partner consents thereto, which consent may be given or withheld in the General
Partner&rsquo;s sole discretion, and (ii) when any such admission is shown on the books and records of the Partnership, following
the consent of the General Partner to such admission. If such consent is withheld, such transferee shall be an Assignee. An Assignee
shall have an interest in the Partnership equivalent to that of a Limited Partner with respect to allocations and distributions,
including, without limitation, liquidating distributions, of the Partnership. With respect to voting rights attributable to Units
that are held by Assignees, the General Partner shall be deemed to be the Limited Partner with respect thereto and shall, in exercising
the voting rights in respect of such Units on any matter, vote such Units at the written direction of the Assignee who is the Record
Holder of such Units. If no such written direction is received, such Units will not be voted. An Assignee shall have none of the
other rights of a Limited Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">11.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Admission of Successor
General Partner.</I></FONT> <FONT STYLE="font-size: 10pt">A successor General Partner approved pursuant to this Article 11.3 or
the transferee of or successor to all of the General Partner&rsquo;s interest pursuant to Article 10.2 who is proposed to be admitted
as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to the
withdrawal or removal of the General Partner pursuant to Article 12 or the transfer of the General Partner&rsquo;s interest pursuant
to Article 10.2; provided, however, that no such successor shall be admitted to the Partnership until compliance with the terms
of Article 10.2 has occurred. Any such successor shall carry on the business of the Partnership without dissolution. In each case,
the admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance of all
of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">11.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Admission of Additional Limited Partners</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">11.4.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">A Person (other than the General Partner, an Initial Limited Partner or a Substituted Limited
Partner) who makes a Capital Contribution to the Partnership in accordance with this Agreement shall be admitted to the Partnership
as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance in form satisfactory to
the General Partner of all of the terms and conditions of this Agreement, including, without limitation, the power of attorney
granted in this Agreement, and (ii) such other documents or instruments as may be required in the discretion of the General Partner
to effect such Person&rsquo;s admission as an Additional Limited Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">11.4.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Notwithstanding anything to the contrary in this Article 11.4, no Person shall be admitted
as an Additional Limited Partner without the consent of the General Partner, which consent may be given or withheld in the General
Partner&rsquo;s sole discretion. The admission of any Person as an Additional Limited Partner shall become effective on the date
upon which the name of such Person is recorded on the books and records of the Partnership, following the consent of the General
Partner to such admission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">11.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Amendment of Agreement
and Certificate of Limited Partnership.</I></FONT> <FONT STYLE="font-size: 10pt">To effect the admission to the Partnership of
any Partner, the General Partner shall take all steps necessary and appropriate under the Act to amend the records of the Partnership
and if necessary, to prepare as soon as practical an amendment of this Agreement and if required by law, to prepare and file an
amendment to the Certificate of Limited Partnership and may for this purpose, among others, exercise the power of attorney granted
pursuant to Article 15.</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 12<BR>
Withdrawal or Removal of Partners</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">12.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Withdrawal of the General Partner</I>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">12.1.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The General Partner shall be deemed to have withdrawn from the Partnership upon the occurrence
of any one of the following events (each such event herein referred to as an <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Event
of Withdrawal&rdquo;):</I></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the General Partner voluntarily withdraws from the Partnership by giving written notice to
the other Partners;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the General Partner transfers all of its rights as general partner pursuant to this Agreement;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(c)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the General Partner is removed;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(d)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the General Partner (1) makes a general assignment for the benefit of creditors; (2) files
a voluntary bankruptcy petition; (3) files a petition or answer seeking for itself a reorganization, arrangement, composition,
readjustment liquidation, dissolution or similar relief under any law; (4) files an answer or other pleading admitting or failing
to contest the material allegations of a petition filed against the General Partner in a proceeding of the type described in clauses
(1) &mdash; (3) of this sentence; or (5) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator
of the General Partner or of all or any substantial part of its properties;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(e)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">a final and non-appealable judgment is entered by a court with appropriate jurisdiction ruling
that the General Partner is bankrupt or insolvent or a final and non-appealable order for relief is entered by a court with appropriate
jurisdiction against the General Partner, in each case under any federal or state bankruptcy or insolvency laws as now or hereafter
in effect; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(f)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">a certificate of dissolution or its equivalent is filed for the General Partner, or 90 days
expire after the date of notice to the General Partner of revocation of its charter without a reinstatement of its charter, under
the laws of its state of incorporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">If an Event of Withdrawal specified
in this Article 12.1.1(d), (e) or (f) occurs, the withdrawing General Partner shall give written notice to the Limited Partners
within 30 days after such occurrence. The Partners hereby agree that only the Events of Withdrawal described in this Article 12.1
shall result in the withdrawal of the General Partner from the Partnership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">12.1.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Withdrawal of the General Partner from the Partnership upon the occurrence of an Event of
Withdrawal will not constitute a breach of this Agreement under the following circumstances: (i) the General Partner voluntarily
withdraws by giving at least 90 days&rsquo; advance notice to the Limited Partners, such withdrawal to take effect on the date
specified in such notice; or (ii) at any time that the General Partner ceases to be a General Partner pursuant to Article 12.1.1(b)
or is removed pursuant to Article 12.2. If the General Partner gives a notice of withdrawal pursuant to Article 12.1.1(a), holders
of at least a majority of such Outstanding Units (excluding for purposes of such determination any Units owned by the General Partner
and its Affiliates) may, prior to the effective date of such withdrawal, elect a successor General Partner. If, prior to the effective
date of the General Partner&rsquo;s withdrawal, a successor is not selected by the Unitholders as provided herein, the Partnership
shall be dissolved in accordance with Article 13. If a successor General Partner is elected, such successor shall be admitted immediately
prior to the effective time of the withdrawal or removal of the Departing Partner and shall continue the business of the Partnership
without dissolution.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">12.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Removal of the General
Partner.</I></FONT> <FONT STYLE="font-size: 10pt">The General Partner may be removed only if such removal is approved by the Unitholders
holding at least 66 2/3% of the Outstanding Units (excluding for this purpose any Units held by the General Partner and its Affiliates).
Any such action by such holders for removal of the General Partner must also provide for the election of a successor General Partner
by the Unitholders holding a majority of the Outstanding Units (excluding for this purpose any Units held by the General Partner
and its Affiliates). Such removal shall be effective immediately following the admission of a successor General Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">12.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Withdrawal of a Limited
Partner other than the Organizational Limited Partner.</I></FONT> <FONT STYLE="font-size: 10pt">In addition to withdrawal of a
Limited Partner due to its redemption of Units constituting a Redemption Basket under this Agreement, the General Partner may,
at any time, in its sole discretion, require any Limited Partner to withdraw entirely from the Partnership or to withdraw a portion
of its Partner Capital Account, by giving not less than 15 days&rsquo; advance written notice to the Limited Partner thus designated.
In addition, the General Partner without notice may require at any time, or retroactively, withdrawal of all or any portion of
the Capital Account of any Limited Partner: (i) that made a misrepresentation to the General Partner in connection with its purchase
of Units; or (ii) whose ownership of Units would result in the violation of any law or regulations applicable to the Partnership
or a Partner. The Limited Partner thus designated shall withdraw from the Partnership or withdraw that portion of its Partner Capital
Account specified in such notice, as the case may be, as of the Close of Business on such date as determined by the General Partner.
The Limited Partner thus designated shall be deemed to have withdrawn from the Partnership or to have made a partial withdrawal
from its Partner Capital Account, as the case may be, without further action on the part of said Limited Partner and the provisions
of Article 17.6 shall apply.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 13<BR>
Termination and Distribution</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">13.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Termination.</I></FONT>
<FONT STYLE="font-size: 10pt">The Partnership shall continue in effect from the date of its formation in perpetuity, unless sooner
terminated upon the occurrence of any one or more of the following events:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The death, adjudication of incompetence, bankruptcy, dissolution, withdrawal, or removal of
a General Partner who is the sole remaining General Partner, unless a majority in interest of the Limited Partners within 90 days
after such event elects to continue the Partnership and appoints a successor General Partner; or </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The affirmative vote of a majority in interest of the Limited Partners; provided, however,
that any such termination shall be subject to the conditions set forth in this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">13.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Assumption of Agreements.</I></FONT>
<FONT STYLE="font-size: 10pt">No vote by the Limited Partners to terminate the Partnership pursuant to Section 13.1(b) shall be
effective unless, prior to or concurrently with such vote, there shall have been established procedures for the assumption of the
Partnership&rsquo;s obligations arising under any agreement to which the Partnership is a party and which is still in force immediately
prior to such vote regarding termination, and there shall have been an irrevocable appointment of an agent who shall be empowered
to give and receive notices, reports and payments under such agreements, and hold and exercise such other powers as are necessary
to permit all other parties to such agreements to deal with such agent as if the agent were the sole owner of the Partnership&rsquo;s
interest, which procedures are agreed to in writing by each of the other parties to such agreements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">13.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Distribution</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">13.3.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">Upon termination of the Partnership, the affairs of the Partnership shall be wound up and
all of its debts and liabilities discharged or otherwise provided for in the order of priority as provided by law. The fair market
value of the remaining assets of the Partnership shall then be determined by the General Partner. Thereupon, the assets of the
Partnership shall be distributed to the Partners pro rata in accordance with their Units. Each Partner shall receive its share
of the assets in cash or in kind, and the proportion of such share that is received in cash may vary from Partner to Partner, all
as the General Partner in its sole discretion may decide. If such distributions are insufficient to return to any Partner the full
amount of its Capital Contributions, such Partner shall have no recourse against any other Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 67.7pt"><FONT STYLE="font-size: 10pt">13.3.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The winding up of the affairs of the Partnership and the distribution of its assets shall
be conducted exclusively by the General Partner or its successor, which is hereby authorized to do all acts authorized by law for
these purposes. Without limiting the generality of the foregoing, the General Partner, in carrying out such winding up and distribution,
shall have full power and authority to sell all or any of the Partnership&rsquo;s assets or to distribute the same in kind to the
Partners.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 14<BR>
Meetings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">14.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Meeting of Limited Partners.</I></FONT>
<FONT STYLE="font-size: 10pt">Upon the written request of 20% or more in interest of the Limited Partners, the General Partner
may, but is not required to, call a meeting of the Limited Partners. Notice of such meeting shall be given within 30 days after,
and the meeting shall be held within 60 days after, receipt of such request. The General Partner may also call a meeting not less
than 20 and not more than 60 days prior to the meeting. Any such notice shall state briefly the purpose of the meeting, which shall
be held at a reasonable time and place.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 15<BR>
Power of Attorney</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">15.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Appointment.</I></FONT>
<FONT STYLE="font-size: 10pt">Each Limited Partner and each Assignee hereby constitutes and appoints each of the General Partner
and, if a liquidator shall have been selected, the liquidator severally (and any successor to either thereof by merger, transfer,
assignment, election or otherwise) and each of their respective authorized officers and attorneys-in-fact with full power of substitution,
as its true and lawful agent and attorney-in-fact with full power and authority in its name, place and stead to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">execute, swear to, acknowledge, deliver, file and record in the appropriate public offices
(i) all certificates, documents and other instruments (including, without limitation, this Agreement and the Certificate of Limited
Partnership and all amendments or restatements thereof) that the General Partner or the liquidator deems necessary or appropriate
to form, qualify or continue the existence or qualification of the Partnership as a limited partnership (or a partnership in which
the limited partners have limited liability) in the State of Delaware and in all other jurisdictions in which the Partnership may
conduct business or own property, (ii) all certificates, documents and other instruments that the General Partner or the liquidator
deems necessary or appropriate to reflect, in accordance with its terms, any amendment, change, modification or restatement of
this Agreement, (iii) all certificates, documents and other instruments (including, without limitation, conveyances and a certificate
of cancellation) that the General Partner or the liquidator deems necessary or appropriate to reflect the dissolution and liquidation
of the Partnership pursuant to the terms of this Agreement, (iv) all certificates, documents and other instruments relating to
the admission, withdrawal, removal or substitution of any Partner or the Capital Contribution of any Partner, (v) all certificates,
documents and other instruments relating to the determination of the rights, preferences and privileges of Units issued, and (vi)
all certificates documents and other instruments (including, without limitation, agreements and a certificate of merger) relating
to a merger or consolidation of the Partnership;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">execute, swear to, acknowledge, deliver, file and record all ballots, consents, approval waivers,
certificates and other instruments necessary or appropriate, in the sole discretion of the General Partner or the liquidator, to
make, evidence, give, confirm or ratify any vote, consent, approval, agreement or other action that is made or given by the Partners
hereunder or is consistent with the terms of this Agreement or is necessary or appropriate, in the sole discretion of the General
Partner or the liquidator, to effectuate the terms or intent of this Agreement, provided, that when required by this Agreement
that establishes a percentage of the Limited Partners or of the Limited Partners of any class or series required to take any action,
the General Partner or the liquidator may exercise the power of attorney made in this Article 15 only after the necessary vote,
consent or approval of the Limited Partners or of the Limited Partners of such class or series;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">15.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Survival.</I></FONT> <FONT STYLE="font-size: 10pt">The
foregoing power of attorney is hereby declared to be irrevocable and a power coupled with an interest and it shall survive and
not be affected by the subsequent death, incompetence, disability, incapacity, dissolution, bankruptcy or termination of any Limited
Partner or Assignee and the transfer of all or any portion of such Limited Partner&rsquo;s or Assignee&rsquo;s Partnership interest
and shall extend to such Limited Partners or Assignee&rsquo;s heirs, successors, assigns and personal representatives. Each such
Limited Partner or Assignee hereby agrees to be bound by any representation made by the General Partner or the liquidator acting
in good faith pursuant to such power of attorney; and each such Limited Partner or Assignee hereby waives any and all defenses
that may be available to contest, negate or disaffirm the action of the General Partner or the liquidator taken in good faith under
such power of attorney. Each Limited Partner or Assignee shall execute and deliver to the General Partner or the liquidator, within
15 days after receipt of the General Partner&rsquo;s or the liquidator&rsquo;s request therefor, such further designations, powers
of attorney and other instruments as the General Partner or the liquidator deems necessary to effectuate this Agreement and the
purposes of the Partnership.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 16<BR>
Creation of Units</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">16.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>General.</I></FONT> <FONT STYLE="font-size: 10pt">The
Partnership will create and redeem Units from time to time, but only in one or more Creation Baskets or Redemption Baskets (a block
of 50,000 Units shall be referred to as a &ldquo;Basket&rdquo;). The creation and redemption of Baskets will only be made in exchange
for delivery to the Partnership or the distribution by the Partnership of the amount of United States government securities with
maturities of 2 years or less (<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Treasuries&rdquo;</I></FONT></FONT><FONT STYLE="font-size: 10pt">)
and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined NAV of the
number of Units included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is
properly received.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">16.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Creation Procedures.</I></FONT>
<FONT STYLE="font-size: 10pt">On any Business Day, a Participant may place an order with the Partnership&rsquo;s marketing agent
to create one or more Baskets. Purchase orders must be placed by 12:00 PM New York time or the close of regular trading on the
NYSE Arca, Inc., whichever is earlier; except in the case of the Initial Limited Partner&rsquo;s initial order to purchase one
or more Creation Baskets on the first day the Baskets are to be offered and sold, when such orders shall be placed by 9:00 AM New
York time on the day agreed to by the General Partner and the Initial Limited Partner. The day on which the marketing agent receives
a valid purchase order is the purchase order date. By placing a purchase order, a Participant agrees to (1) deposit Treasuries,
cash, or a combination of Treasuries and cash with the custodian of the Partnership, and (2) enter into or arrange for a block
trade, an exchange for physical or exchange for swap, or any other over-the-counter energy transaction (through itself or a designated
acceptable broker) with the Partnership for the purchase of a number and type of futures contracts at the closing settlement price
for such contracts on the purchase order date, as specified in the purchase order form attached to the Authorized Purchaser Agreement.
Failure to consummate (1) and (2) above shall result in the cancellation of the order. Prior to the delivery of Baskets for a purchase
order, the Participant must also have wired to the custodian the non-refundable creation transaction fee described in this Article
16.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">16.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Determination of Required
Deposits.</I></FONT> <FONT STYLE="font-size: 10pt">The total deposit required to create each Basket <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>(&ldquo;Creation
Basket Deposit&rdquo;)</I></FONT></FONT> <FONT STYLE="font-size: 10pt">is an amount of Treasuries and cash with a value that is
in the same proportion to the total assets of the Partnership (net of estimated accrued but unpaid fees, expenses and other liabilities)
on the date the order to purchase is properly received as the number of Units to be created under the purchase order is in proportion
to the total number of Units outstanding on the date the order is received. The General Partner determines, in its sole discretion
or in consultation with the administrator of the Partnership, the requirements for Treasuries that may be included in deposits
to create Baskets and publishes, or its agent publishes on its behalf, such requirements at the beginning of each Business Day.
The amount of cash deposit required is the difference between (i) the aggregate market value of the Treasuries included in a Creation
Basket Deposit as of 4:00 PM on the date the order to purchase properly was made and (ii) the total required deposit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">16.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Delivery of Required Deposits.</I></FONT>
<FONT STYLE="font-size: 10pt">A Participant who places a purchase order is responsible for transferring to the Partnership&rsquo;s
account with the custodian the required amount of Treasuries and cash by the end of the third Business Day following the purchase
order date. Upon receipt of the deposit amount, the administrator will direct DTC to credit the number of Baskets ordered to the
Participant&rsquo;s DTC account on the third Business Day following the purchase order date. The expense and risk of delivery and
ownership of Treasuries until such Treasuries have been received by the custodian on behalf of the Partnership shall be borne solely
by the Participant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">16.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Rejection of Purchase Orders.</I></FONT>
<FONT STYLE="font-size: 10pt">The General Partner, or its marketing agent on its behalf, may reject a purchase order or a Creation
Basket Deposit if: (1) it determines that the purchase order or the Creation Basket Deposit is not in proper form; (2) the General
Partner believes that the purchase order or the Creation Basket Deposit would have adverse tax consequences to the Partnership
or Limited Partners; (3) the acceptance or receipt of the Creation Basket Deposit would, in the opinion of counsel to the General
Partner, be unlawful; or (4) circumstances outside the control of the General Partner, marketing agent or custodian make it, for
all practical purposes, not feasible to process creations of Baskets. None of the General Partner, marketing agent or custodian
will be liable for the rejection of any purchase order or Creation Basket Deposit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">16.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Creation Transaction Fee.</I></FONT>
<FONT STYLE="font-size: 10pt">To compensate the Partnership for its expenses in connection with the creation of Baskets, a Participant
is required to pay a transaction fee to the Partnership of $1,000 per order to create Baskets. An order may include multiple Baskets.
The transaction fee may be reduced, increased or otherwise changed by the General Partner. The General Partner shall notify DTC
in advance of any change in the transaction fee and will not implement any increase in the fee for the creation of Baskets until
30 days after the date of the notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 17<BR>
Redemption of Units</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">17.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>General.</I></FONT> <FONT STYLE="font-size: 10pt">The
procedures by which a Participant can redeem one or more Baskets mirror the procedures for the creation of Baskets. On any Business
Day, a Participant may place an order with the marketing agent to redeem one or more Baskets. Redemption orders must be placed
by 12:00 PM New York time or the close of regular trading on the NYSE Arca, Inc., whichever is earlier. A redemption order so received
is effective on the date it is received in satisfactory form by the marketing agent. The day on which the marketing agent receives
a valid redemption order is the redemption order date. By placing a redemption order, a Participant agrees to (1) deliver the Baskets
to be redeemed through DTC&rsquo;s book-entry system to the Partnership not later than 3:00 PM New York time on the third Business
Day following the effective date of the redemption order, and (2) enter into or arrange for a block trade, an exchange for physical
or exchange for swap, or any other over-the-counter energy transaction (through itself or a designated acceptable broker) with
the Partnership for the sale of a number and type of futures contracts at the closing settlement price for such contracts on the
redemption order date, as specified in the redemption order form attached to the Authorized Purchaser Agreement. Failure to consummate
(1) and (2) above shall result in the cancellation of the order. Prior to the delivery of the redemption distribution for a redemption
order, the Participant must also have wired to the Partnership&rsquo;s account with the custodian the non-refundable redemption
transaction fee described in this Article 17.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">17.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Determination of Redemption
Distribution.</I></FONT> <FONT STYLE="font-size: 10pt">The redemption distribution from the Partnership consists of a transfer
to the redeeming Participant of an amount of Treasuries and/or cash with a value that is in the same proportion to the total assets
of the Partnership (net of estimated accrued but unpaid fees, expenses and other liabilities) on the date the order to redeem is
properly received as the number of Units to be redeemed under the redemption order is in proportion to the total number of Units
outstanding on the date the order to redeem is received. The General Partner, directly or through its agent, will determine the
requirements for Treasuries and the amount of cash, including the maximum permitted remaining maturity of a Treasury, and the proportions
of Treasuries and cash, that may be included in distributions to redeem Baskets. The marketing agent will publish such requirements
as of 4:00 PM New York time on the redemption order date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">17.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Delivery of Redemption
Distribution.</I></FONT> <FONT STYLE="font-size: 10pt">The redemption distribution due from the Partnership is delivered to the
Participant by 3:00 PM New York time on the third Business Day following the redemption order date if, by 3:00 PM New York time
on such third Business Day, the Partnership&rsquo;s DTC account has been credited with the Baskets to be redeemed. If the Partnership&rsquo;s
DTC account has not been credited with all of the Baskets to be redeemed by such time, the redemption distribution is delivered
to the extent of whole Baskets received. Any remainder of the redemption distribution is delivered on the next Business Day to
the extent of remaining whole Baskets received if the Partnership (1) receives the fee applicable to the extension of the redemption
distribution date which the General Partner may, from time to time, determine and (2) the remaining Baskets to be redeemed are
credited to the Partnership&rsquo;s DTC account by 3:00 PM New York time on such next Business Day. Any further remaining amount
of the redemption order shall be cancelled and the Participant will indemnify the Partnership for any losses, if any, due to such
cancellation, including but not limited to the difference in the price of investments sold as a result of the redemption order
and investments made to reflect that such order has been cancelled. The custodian is also authorized to deliver the redemption
distribution notwithstanding that the Baskets to be redeemed are not credited to the Partnership&rsquo;s DTC account by 3:00 PM
New York time on the third Business Day following the redemption order date if the Participant has collateralized its obligation
to deliver the Baskets through DTC&rsquo;s book-entry system on such terms as the General Partner may from time to time determine.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">17.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Suspension or Rejection
of Redemption orders.</I></FONT> <FONT STYLE="font-size: 10pt">The General Partner may, in its discretion, suspend the right of
redemption, or postpone the redemption settlement date, (1) for any period during which any of the New York Mercantile Exchange
or the NYSE Arca, Inc. is closed other than customary weekend or holiday closings, or trading on the NYSE Arca, Inc. is suspended
or restricted, (2) for any period during which an emergency exists as a result of which delivery, disposal or evaluation of Treasuries
is not reasonably practicable, or (3) for such other period as the General Partner determines to be necessary for the protection
of the Limited Partners. None of the General Partner, the marketing agent or the custodian will be liable to any person or in any
way for any loss or damages that may result from any such suspension or postponement. The General Partner will reject a redemption
order if the order is not in proper form or if the fulfillment of the order, in the opinion of its counsel, might be unlawful.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">17.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Redemption Transaction
Fee.</I></FONT> <FONT STYLE="font-size: 10pt">To compensate the Partnership for its expenses in connection with the redemption
of Baskets, a Participant is required to pay a transaction fee to the Partnership of $1,000 per order to redeem Baskets. An order
may include multiple Baskets. The transaction fee may be reduced, increased or otherwise changed by the General Partner. The General
Partner shall notify DTC in advance of any change in the transaction fee and will not implement any increase in the fee for the
redemption of Baskets until 30 days after the date of the notice.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">17.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Required Redemption.</I></FONT>
<FONT STYLE="font-size: 10pt">The General Partner may, at any time, in its sole discretion, require any Limited Partner to withdraw
entirely from the Partnership or to withdraw a portion of its Partner Capital Account, by giving not less than 15 days&rsquo; advance
written notice to the Limited Partner thus designated. In addition, the General Partner without notice may require at any time,
or retroactively, withdrawal of all or any portion of the Capital Account of any Limited Partner: (i) that the General Partner
determines is a benefit plan investor (within the meaning of the Department of Labor Regulation (s) 2510.3- 101(f)(2)) in order
for the assets of the Partnership not to be treated as plan assets under ERISA; (ii) that made a misrepresentation to the General
Partner in connection with its purchase of Units; or (iii) whose ownership of Units would result in the violation of any law or
regulations applicable to the Partnership or a Partner. The Limited Partner thus designated shall withdraw from the Partnership
or withdraw that portion of its Partner Capital Account specified in such notice, as the case may be, as of the Close of Business
on such date as determined by the General Partner. The Limited Partner thus designated shall be deemed to have withdrawn from the
Partnership or to have made a partial withdrawal from its Partner Capital Account, as the case may be, without further action on
the part of said Limited Partner.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"><B>ARTICLE 18<BR>
Miscellaneous</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.1</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Notices.</I></FONT> <FONT STYLE="font-size: 10pt">Any
notice, offer, consent or other communication required or permitted to be given or made hereunder shall be in writing and shall
be deemed to have been sufficiently given or made when delivered personally to the party (or an officer of the party) to whom the
same is directed, or (except in the event of a mail strike) 5 Business Days after being mailed by first-class mail, postage prepaid,
if to the Partnership or to a General Partner, or if to a Limited Partner, to the address set forth on Exhibit B hereof. Any Partner
may change its address for the purpose of this Article by giving notice of such change to the Partnership, such change to become
effective on the 10th Business Day after such notice is given.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.2</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Waiver of Partition.</I></FONT>
<FONT STYLE="font-size: 10pt">Each Partner hereby irrevocably waives during the term of the Partnership any right that it may have
to maintain any action for partition with respect to any Partnership property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.3</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Governing Law, Successors,
Severability.</I></FONT> <FONT STYLE="font-size: 10pt">This Agreement shall be governed by the laws of the State of Delaware, as
such laws are applied by Delaware courts to agreements entered into and to be performed in Delaware by and between residents of
Delaware and shall, subject to the restrictions on transferability set forth herein, bind and inure to the benefit of the heirs,
executors, personal representatives, successors and assigns of the parties hereto. If any provision of this Agreement shall be
held to be invalid, the remainder of this Agreement shall not be affected thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.4</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Consent to Jurisdiction.</I></FONT>
<FONT STYLE="font-size: 10pt">The General Partner and the Limited Partners hereby (i) irrevocably submit to the non-exclusive jurisdiction
of any Delaware state court or federal court sitting in Wilmington, Delaware in any action arising out of or relating to this Agreement,
and (ii) consent to the service of process by mail. Nothing herein shall affect the right of any party to serve legal process in
any manner permitted by law or affect its right to bring any action in any other court. Each party agrees that, in the event that
any dispute arising from or relating to this Agreement becomes subject to any judicial proceeding, such party, to the fullest extent
permitted by applicable law, waives any right it may otherwise have to (a) seek punitive or consequential damages, or (b) request
a trial by jury.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.5</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Entire Agreement.</I></FONT>
<FONT STYLE="font-size: 10pt">This Agreement constitutes the entire agreement among the parties; it supercedes any prior agreement
or understanding among them, oral or written, all of which are hereby canceled. This Agreement may not be modified or amended other
than pursuant to Articles 3 and 15.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.6</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Headings.</I></FONT> <FONT STYLE="font-size: 10pt">The
headings in this Agreement are inserted for convenience of reference only and shall not affect interpretation of this Agreement.
Wherever from the context it appears appropriate, each term stated in either the singular or the plural shall include the singular
and the plural and pronouns stated in either the masculine or the neuter gender shall include the masculine, the feminine and the
neuter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.7</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>No Waiver.</I></FONT> <FONT STYLE="font-size: 10pt">The
failure of any Partner to seek redress for violation, or to insist on strict performance, of any covenant or condition of this
Agreement shall not prevent a subsequent act which would have constituted a violation from having the effect of an original violation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.8</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Legends.</I></FONT> <FONT STYLE="font-size: 10pt">If
certificates for any interest or interests are issued evidencing a Limited Partner&rsquo;s interest in the Partnerships, each such
certificate shall bear such legends as may be required by applicable federal and state laws, or as may be deemed necessary or appropriate
by the General Partner to reflect restrictions upon transfer contemplated herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.9</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Counterparts.</I></FONT>
<FONT STYLE="font-size: 10pt">This Agreement may be executed in several counterparts, each of which shall be deemed an original
but all of which shall constitute one and the same instrument.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 4.3pt; text-align: justify; text-indent: 31.7pt"><FONT STYLE="font-size: 10pt">18.10</FONT><FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Relationship between the
Agreement and the Act.</I></FONT> <FONT STYLE="font-size: 10pt">Regardless of whether any provisions of this Agreement specifically
refer to particular Default Rules (as defined below), (a) if any provision of this Agreement conflicts with a Default Rule, the
provision of this Agreement controls and the Default Rule is modified or negated accordingly, and (b) if it is necessary to construe
a Default Rule as modified or negated in order to effectuate any provision of this Agreement, the Default Rule is modified or negated
accordingly. For purposes of this Article 18.10, <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Default
Rule&rdquo;</I></FONT></FONT> <FONT STYLE="font-size: 10pt">shall mean a rule stated in the Act that applies except to the extent
it is negated or modified through the provisions of the Partnership&rsquo;s certificate of limited partnership or this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">IN WITNESS
WHEREOF, the parties hereto have executed this Third Amended and Restated Agreement of Limited Partnership on the date first written
above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 260pt; text-align: left"><B>General
Partner</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 260pt; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 260pt; text-align: left">United States Commodity Funds
LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 260pt; text-align: left">By: <U>/s/ John P. Love&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 260pt; text-align: left">Name: John P. Love</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 260pt; text-align: left">Title: President</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>Evidencing Units Representing
Limited Partner Interests<BR>
in United States 12 Month Oil Fund, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (&ldquo;DTC&rdquo;), TO THE FUND OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &amp; CO.
OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &amp; CO. OR TO SUCH
OTHER ENTITY AS IS REQUIRED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE &amp; CO., HAS AN INTEREST HEREIN.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">This is to certify that Cede
&amp; Co. is the owner and registered holder of this Certificate evidencing the ownership of issued and outstanding Limited Partner
Units <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>(&ldquo;Units&rdquo;)</I></FONT>, each of
which represents a fractional undivided unit of a beneficial interest in United States 12 Month Oil Fund, LP (the <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Fund&rdquo;),</I></FONT>
a Delaware limited partnership. Capitalized terms used not defined herein have the meaning given to such terms in the Third Amended
and Restated Agreement of Limited Partnership, as amended, supplemented or restated to the date hereof (the &ldquo;<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>Limited
Partnership Agreement</I></FONT>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">At any given time, this Certificate
shall represent the limited units of beneficial interest in the Fund purchased by a particular authorized Participant on the date
of this Certificate. The Limited Partnership Agreement of the Fund provides for the deposit of cash with the Fund from time to
time and the issuance by the Fund of additional Creation Baskets representing the undivided units of beneficial interest in the
assets of the Fund. At the request of the registered holder, this Certificate may be exchanged for one or more Certificates issued
to the registered holder in such denominations as the registered holder may request; provided, however, that in the aggregate,
the Certificates issued to the registered holder hereof shall represent all Units outstanding at any given time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Each authorized Participant hereby
grants and conveys all of its rights, title and interest in and to the Fund to the extent of the undivided interest represented
hereby to the registered holder of this Certificate subject to and in pursuance of the Limited Partnership Agreement, all the terms,
conditions and covenants of which are incorporated herein as if fully set forth at length.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The registered holder of this
Certificate is entitled at any time upon tender of this Certificate to the Fund, endorsed in blank or accompanied by all necessary
instruments of assignment and transfer in proper form, at its principal office in the State of California and, upon payment of
any tax or other governmental charges, to receive at the time and in the manner provided in the Limited Partnership Agreement,
such holder&rsquo;s ratable portion of the assets of the Fund for each Redemption Basket tendered and evidenced by this Certificate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The holder of this Certificate,
by virtue of the purchase and acceptance hereof, assents to and shall be bound by the terms of the Limited Partnership Agreement,
copies of which are on file and available for inspection at reasonable times during business hours at the principal business office
of the General Partner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Fund may deem and treat the
person in whose name this Certificate is registered upon the books of the Fund as the owner hereof for all purposes and the Fund
shall not be affected by any notice to the contrary.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Limited Partnership Agreement
and this Certificate are executed and delivered by United States Commodity Funds LLC as General Partner of the Fund, in the exercise
of the powers and authority conferred and vested in it by the Limited Partnership Agreement. The representations, undertakings
and agreements made on the part of the Fund in the Limited Partnership Agreement or this Certificate are made and intended not
as personal representations, undertakings and agreements by the General Partner, other than acting in its capacity as such, but
are made and intended for the purpose of binding only the Fund. Nothing in the Limited Partnership Agreement or this Certificate
shall be construed as imposing any liability on the General Partner, individually or personally, to fulfill any representation,
undertaking or agreement other than as provided in the Limited Partnership Agreement or this Certificate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">THE HOLDER OF THIS SECURITY ACKNOWLEDGES
FOR THE BENEFIT OF UNITED STATES 12 MONTH OIL FUND, LP THAT THIS SECURITY MAY NOT BE SOLD, OFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED IF SUCH TRANSFER WOULD VIOLATE THE THEN APPLICABLE FEDERAL OR STATE SECURITIES LAWS OR RULES AND REGULATIONS OF THE
SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR ANY OTHER GOVERNMENTAL AUTHORITY WITH JURISDICTION OVER
SUCH TRANSFER, TERMINATE THE EXISTENCE OR QUALIFICATION OF UNITED STATES 12 MONTH OIL FUND, LP UNDER THE LAWS OF THE STATE OF DELAWARE,
OR CAUSE UNITED STATES 12 MONTH OIL FUND, LP TO BE TREATED AS AN ASSOCIATION TAXABLE AS A CORPORATION OR OTHERWISE TO BE TAXED
AS AN ENTITY FOR FEDERAL INCOME TAX PURPOSES (TO THE EXTENT NOT ALREADY SO TREATED OR TAXED). UNITED STATES COMMODITY FUNDS LLC,
THE GENERAL PARTNER OF UNITED STATES 12 MONTH OIL FUND, LP, MAY IMPOSE ADDITIONAL RESTRICTIONS ON THE TRANSFER OF THIS SECURITY
IF IT RECEIVES AN OPINION OF COUNSEL THAT SUCH RESTRICTIONS ARE NECESSARY TO AVOID A SIGNIFICANT RISK OF UNITED STATES 12 MONTH
OIL FUND, LP BECOMING TAXABLE AS A CORPORATION OR OTHERWISE BECOMING TAXABLE AS AN ENTITY FOR FEDERAL INCOME TAX PURPOSES. THE
RESTRICTIONS SET FORTH ABOVE SHALL NOT PRECLUDE THE SETTLEMENT OF ANY TRANSACTIONS INVOLVING THIS SECURITY ENTERED INTO THROUGH
THE FACILITIES OF ANY NATIONAL SECURITIES EXCHANGE ON WHICH THIS SECURITY IS LISTED OR ADMITTED TO TRADING.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">This Certificate shall not become
valid or binding for any purpose until properly executed by the General Partner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">IN WITNESS WHEREOF, the General
Partner of the Fund has caused this Certificate to be executed in its name by the manual or facsimile signature of one of its Authorized
Persons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in 260pt">United States Commodity Funds LLC, as General
Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 260pt; text-align: justify">By:___________________________&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 260pt; text-align: justify">Date:_________________________&#9;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">1999 Harrison Street, Suite 1530</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">Oakland, California 94612</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Brown Brothers Harriman &amp; Co.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">50 Post Office Square</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Boston, MA 02110</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-variant: normal; letter-spacing: 0pt"><B>Transferees
of Units must execute and deliver this application to </B></FONT><B>United States 12 Month Oil Fund, LP, c/o United States Commodity
Funds <FONT STYLE="font-variant: normal; letter-spacing: 0pt">LLC, 1999 Harrison Street, Suite 1530, California 94612, </FONT></B>to
be admitted as limited partners to United States 12 Month Oil Fund, LP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The undersigned (<FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Assignee&rdquo;)</I></FONT>
hereby applies for transfer to the name of the Assignee of the Units evidenced hereby and hereby certifies to United States 12
Month Oil Fund, LP (the <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Partnership&rdquo;)</I></FONT>
that the Assignee (including to the best of Assignee&rsquo;s knowledge, any person for whom the Assignee will hold the Units) is
an Eligible Holder.*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Assignee (a) requests admission
as a Limited Partner and agrees to comply with and be bound by, and hereby executes, the Third Amended and Restated Agreement of
Limited Partnership of the Partnership, as amended, supplemented or restated to the date hereof (the <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Partnership
Agreement&rdquo;),</I></FONT> (b) represents and warrants that the Assignee has all right, power and authority and, if an individual,
the capacity necessary to enter into the Partnership Agreement, (c) appoints the General Partner of the Partnership and, if a Liquidator
shall be appointed, the Liquidator of the Partnership as the Assignee&rsquo;s attorney-in-fact to execute, swear to, acknowledge
and file any document, including, without limitation, the Partnership Agreement and any amendment thereto and the Certificate of
Limited Partnership of the Partnership and any amendment thereto, necessary or appropriate for the Assignee&rsquo;s admission as
a Substituted Limited Partner and as a party to the Partnership Agreement, (d) gives the powers of attorney provided for in the
Partnership Agreement, and (e) makes the waivers and gives the consents and approvals contained in the Partnership Agreement. Capitalized
terms used but not defined herein have the meanings given to such terms in the Partnership Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Date:___________________&#9;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 5%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 5%; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Social Security or other identifying</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Signature of Assignee</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number of Assignee</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase Price including commissions, if any</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name and Address if Assignee</FONT></TD>
    <TD>&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 0 10pt; text-align: justify">Type of Entity (check one):</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Type of Entity (check one):</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9633; Individual</FONT></TD>
    <TD STYLE="width: 30%; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9633; Partnership</FONT></TD>
    <TD STYLE="width: 40%; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9633; Corporation</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9633; Trust</FONT></TD>
    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9633; Other (specify)</FONT></TD>
    <TD STYLE="line-height: 115%">&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 0 10pt; text-align: justify">If not an Individual (check one):</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"></TD><TD STYLE="width: 0.5in"><FONT STYLE="background-color: white">&#9633;</FONT></TD><TD STYLE="text-align: justify">the entity is subject to United States federal income taxation on the income generated by the Partnership;</TD></TR></TABLE>

<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"></TD><TD STYLE="width: 0.5in"><FONT STYLE="background-color: white">&#9633;</FONT></TD><TD STYLE="text-align: justify">the entity is not subject to United States federal income taxation, but it is a pass-through entity
and all of its beneficial owners are subject to United States federal income taxation on the income generated by the Partnership;</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; text-align: justify">&nbsp;</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"></TD><TD STYLE="width: 0.5in"><FONT STYLE="background-color: white">&#9633;</FONT></TD><TD STYLE="text-align: justify">the entity is not subject to United States federal income taxation and it is (a) not a pass-through
entity or (b) a pass-through entity, but not all of its beneficial owners are subject to United States federal income taxation
on the income generated by the Partnership. <FONT STYLE="font-variant: normal; letter-spacing: 0pt"><B>Important Note </B></FONT>&mdash;
by checking this box, the Assignee is contradicting its certification that it is an Eligible Holder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">* The Term <FONT STYLE="font-weight: normal; font-variant: normal; letter-spacing: 0pt"><I>&ldquo;Eligible
Holder&rdquo;</I></FONT> means (a) an individual or entity subject to United States federal income taxation on the income generated
by the Partnership; or (b) an entity not subject to United States federal income taxation on the income generated by the Partnership,
so long as all of the entity&rsquo;s owners are subject to United States federal income taxation on the income generated by the
Partnership. Individuals or entities are subject to taxation, in the context of defining an Eligible Holder, to the extent they
are taxable on the items of income and gain allocated by the Partnership. Schedule I hereto contains a list of various types of
investors that are categorized and identified as either &ldquo;Eligible Holders&rdquo; or &ldquo;Non-Eligible Holders.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9633;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">U.S. Citizen, Resident or Domestic Entity**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9633;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Non-resident Alien**</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9633;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Foreign Corporation**</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">** As those terms are defined
in the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">If the U.S. Citizen, Resident
or Domestic Entity box is checked, the following certification must be completed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Under Section 1445(e) of the
Internal Revenue Code of 1986, as amended (the <I>&ldquo;Code&rdquo;</I>), the Partnership must withhold tax with respect to certain
transfers of property if a holder of an interest in the Partnership is a foreign person. To inform the Partnership that no withholding
is required with respect to the undersigned interestholder&rsquo;s interest in it, the undersigned hereby certifies the following
(or, if applicable, certifies the following on behalf of the interestholder).</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I
am not a non-resident alien for purposes of U.S. income taxation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">2.&#9;My U.S. taxpayer identification
number (Social Security Number) is___________________&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">3.&#9;My home address is_______________________________________________________&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Partnership,
Corporation or Other Interestholder</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
interestholder is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in
the Code and Treasury regulations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">2.&#9;The interestholder&rsquo;s
U.S. employer identification number is__________________________&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">3.&#9;The interestholder&rsquo;s
office address and place of incorporation (if applicable) is____________&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The interestholder agrees to
notify the Partnership within sixty (60) days of the date the interestholder becomes a foreign person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; 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>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The interestholder understands
that this certificate may be disclosed to the Internal Revenue Service by the Partnership and that any false statement contained
herein could be punishable by fine, imprisonment or both.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Under penalties of perjury, I
declare that I have examined this certification and, to the best of my knowledge and belief, it is true, correct and complete and,
if applicable, I further declare that I have authority to sign this document on behalf of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Name of Interestholder</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: 80%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 20%">&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">Signature and Date</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: 80%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 20%">&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">Title (if applicable)</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: 80%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 20%">&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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Note: If the Assignee is a broker,
dealer, bank, trust company, clearing corporation, other nominee holder or an agent of any of the foregoing, and is holding for
the account of any other person, this application should be completed by an officer thereof or, in the case of a broker or dealer,
by a registered representative who is a member of a registered national securities exchange or a member of FINRA, or, in the case
of any other nominee holder, a person performing a similar function. If the Assignee is a broker, dealer, bank, trust company,
clearing corporation, other nominee owner or an agent of any of the foregoing, the above certification as to any person for whom
the Assignee will hold the Units shall be made to the best of the Assignee&rsquo;s knowledge.</P>

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

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