0001047469-10-008120 Sample Contracts

·] Units SPROTT PHYSICAL GOLD TRUST UNITS UNDERWRITING AGREEMENT
Underwriting Agreement • September 16th, 2010 • Sprott Physical Gold Trust • Gold and silver ores • New York

This communication shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

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