SPROTT PHYSICAL SILVER TRUST Trust Units Controlled Equity OfferingSM Sales AgreementSales Agreement • June 24th, 2016 • Sprott Physical Silver Trust • Commodity contracts brokers & dealers • New York
Sprott Physical Silver Trust, a trust formed and organized under the laws of the Province of Ontario (the “Trust”) and managed by Sprott Asset Management LP, a limited partnership organized under the laws of the Province of Ontario (the “Manager”), each confirm their agreement (this “Agreement”) with Cantor Fitzgerald & Co. (the “Agent”), as follows:
