PURCHASE AGREEMENT
The Tocqueville Trust (the “Trust”), a Massachusetts business trust, on behalf of The Tocqueville Alternative Strategies Fund (the “Alternative Strategies Fund”), and Tocqueville Securities L.P. (“TS”), hereby agree with each other as follows:
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1.
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The Trust hereby offers TS and TS hereby purchases one share of the Alternative Strategies Fund at $25.00 per share. The Trust hereby acknowledges receipt from TS of funds in the total amount of $25.00 in full payment for the share.
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2.
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TS represents and warrants to the Trust that the share is being acquired for investment purposes and not with a view to the distribution thereof.
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IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Agreement as of the 9th day of June, 2014.
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THE TOCQUEVILLE TRUST, on behalf of
The Tocqueville Alternative Strategies Fund
By: /s/ Xxxxxx X. Xxxxxxxxxxxx
Name: Xxxxxx X. Xxxxxxxxxxxx
Title: President
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TOCQUEVILLE SECURITIES L.P.
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Chief Operating Officer
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