Exhibit 4.5

SPONSOR AGREEMENT

THIS SPONSOR AGREEMENT (this “Agreement”) is dated as of June 16, 2014 between AccuShares Investment Management, LLC, a Delaware limited liability company (“Sponsor”), and AccuShares Commodities Trust I, a statutory trust organized under the laws of the state of Delaware (the “Trust”), both for itself and on behalf of each of its series set forth on Schedule A hereto (each, a “Fund” and, collectively, the “Funds”).

A.                Sponsor will not cause any Fund to enter into any Global Master Repurchase Agreement or tri-party account control agreement in connection with any Eligible Repo transaction with any Person who is an Affiliated Person (as defined in Section 2(a)(3) of the Investment Company Act of 1940) with respect to any of a Fund, the Trust, the Trustee, the Sponsor or the Investment Advisor.

B.                 Sponsor will not cause any Fund to enter into any Eligible Repo with any Person unless such Eligible Repo (i) is entered into with a seller that is bank with at least one billion U.S. dollars in assets or a registered securities dealer that is deemed creditworthy by the Investment Advisor, (ii) terminates the Business Day following its execution, (iii) is denominated in U.S. dollars, and (iv) is “collateralized fully,” meaning that (A) the value of the assets collateralizing the Eligible Repo (less transaction costs, including loss of interest, that the Fund reasonably could expect to incur if the seller were to default) is, and during the entire term of the Eligible Repo remains, at least equal to the resale price payable by the seller under the Eligible Repo, (B) title to the underlying collateral assets passes to the Fund or, if the asset transfer is recharacterized as a secured loan, the Fund will have a perfected first priority security interest in the assets securing the seller’s obligations, (C) such assets are held by a custodian bank for the benefit of the Fund during the term of the Eligible Repo, (D) such assets consist entirely of U.S. Treasury Securities, and (E) upon the insolvency of the seller, the Eligible Repo would qualify under a provision of applicable insolvency law providing an exclusion from any automatic stay of creditors’ rights against the seller.

governmental consents, (c) the execution, delivery and performance of this Agreement does not and will not conflict with or violate any provision of law, rule, regulation, governing document of the Trust, contract, deed of trust, or other instrument to which the Trust is a party or to which any of the Trust’s or any Fund’s property is subject, (d) this Agreement is a valid and binding obligation enforceable against the Trust and each Fund, as applicable, in accordance with its terms (subject to applicable insolvency or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application) and (e) each Fund will be comprised of assets that are owned by such Fund as principal, and will not be subject to (i) the Employee Retirement Income Security Act of 1974, (ii) the 1940 Act, (iii) the Commodity Exchange Act, or (iv) any lien, security interest or other similar encumbrance. The indemnification provisions of Section 5.9 of the Trust Agreement shall apply to any claims, losses, liabilities or expenses (including but not limited to, the reasonable fees and expenses of counsel) of any kind and nature whatsoever incurred by Sponsor for any actions taken by Sponsor acting in reasonable reliance upon such representations.

New York and State of New York. In any such action or proceeding, the prevailing party shall be entitled to recovery of all reasonable attorneys’ fees incurred with respect thereto. 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 waives any right it may otherwise have to (a) seek punitive damages, or (b) request a jury trial.

If to the Trust:

AccuShares Commodities Trust I
c/o AccuShares Investment Management, LLC
1 Bridge Plaza North, Suite 468
Fort Lee, NJ 07024
Attn: Forrest Gilman

If to Sponsor:

AccuShares Investment Management, LLC
1 Bridge Plaza North, Suite 468
Fort Lee, NJ 07024
Attn: Forrest Gilman

the written agreement of Sponsor and the Trust. No waiver by Sponsor or the Trust of any obligation of the other hereunder shall be considered a waiver of any other obligation of such party.

readily identifiable as being held with respect to any particular Fund shall be allocated and charged by the Sponsor to and among any one or more of the Funds in such manner and on such basis as the Sponsor in its sole and absolute discretion deems fair and equitable. Any person extending credit to, contracting with or having any claim against any Fund may look only to the assets of such Fund to satisfy or enforce any Claim with respect to such Fund. No shareholder or former shareholder of any Fund shall have a claim on or any right to any assets allocated or belonging to any other Fund, except to the extent that such shareholder or former shareholder has such a claim or right hereunder as a shareholder or former shareholder of such other Fund.

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

SCHEDULE A

SPONSOR’S FEES

Each Fund pays Sponsor a Sponsor’s Fee, monthly in arrears, for each of its classes in an amount equal to the percentage of such class’ average daily Class Value (as defined in the Trust Agreement) at the rates indicated in the following table, calculated on the basis of a 365-day year.