0000950103-11-002278 Sample Contracts

CUSTODY AGREEMENT
Custody Agreement • June 10th, 2011 • JPM XF Physical Copper Trust • Commodity contracts brokers & dealers • New York
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] Shares JPM XF PHYSICAL COPPER TRUST INITIAL PURCHASER AGREEMENT
Initial Purchaser Agreement • June 10th, 2011 • JPM XF Physical Copper Trust • Commodity contracts brokers & dealers • New York

The Sponsor has filed with the Securities and Exchange Commission (the “Commission”), in accordance with the provisions of the Securities Act of 1933, as amended, and the rules and regulations thereunder (collectively, the “Act”), a registration statement on Form S-1 (Registration No. 333-170085) including a prospectus, relating to the Shares. The Sponsor has furnished the Initial Purchaser the form of what is expected to be the final prospectus (constituting a part of the registration statement, each such prospectus being herein called a “Prospectus”) relating to the Shares. Except where the context otherwise requires, the registration statement, as amended when it becomes effective, including all documents filed as a part thereof, and including any information contained in any prospectus subsequently filed with the Commission pursuant to Rule 424(b) under the Act and also including any registration statement filed pursuant to Rule 462(b) under the Act, is herein called the “Registrat

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