0001104659-19-012401 Sample Contracts

SPROTT PHYSICAL GOLD AND SILVER TRUST Trust Units Controlled Equity OfferingSM Sales Agreement
Sales Agreement • March 4th, 2019 • Sprott Physical Gold & Silver Trust • Commodity contracts brokers & dealers • New York

Sprott Physical Gold and 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”), confirm its (this “Agreement”) with Cantor Fitzgerald & Co. (the “Agent”), as follows:

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