0000919574-20-006918 Sample Contracts

SPROTT PHYSICAL SILVER TRUST AMENDED AND RESTATED TRUST AGREEMENT
Trust Agreement • November 13th, 2020 • Sprott Physical Silver Trust • Commodity contracts brokers & dealers • Ontario

WHEREAS Sprott Physical Silver Trust (the “Trust”) is a closed-end mutual fund trust established under the laws of the Province of Ontario pursuant to a trust agreement dated as of June 30, 2010 as amended and restated as of October 1, 2010 (the “Original Trust Agreement”), the units of which will be listed for trading on the Toronto Stock Exchange and the New York Stock Exchange Arca;

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AMENDMENT NO. 1 TO AMENDED AND RESTATED TRUST AGREEMENT
Trust Agreement • November 13th, 2020 • Sprott Physical Silver Trust • Commodity contracts brokers & dealers • Ontario

THIS AMENDMENT NO. 1 TO THE AMENDED AND RESTATED TRUST AGREEMENT (this “Amendment No. 1”) of Sprott Physical Silver Trust (the “Trust”) is dated the 13th day of November, 2020.

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