0001193125-08-261923 Sample Contracts

JPMorgan Chase Bank N.A, London Branch and The Bank of New York CUSTODIAN AGREEMENT
Custodian Agreement • December 30th, 2008 • iShares Silver Trust • Gold and silver ores
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BARCLAYS GLOBAL INVESTORS INTERNATIONAL INC. as Sponsor and THE BANK OF NEW YORK, as Trustee Depositary Trust Agreement iShares Silver Trust Dated as of April 21, 2006
Depositary Trust Agreement • December 30th, 2008 • iShares Silver Trust • Gold and silver ores • New York

THIS DEPOSITARY TRUST AGREEMENT dated as of April 21, 2006, between BARCLAYS GLOBAL INVESTORS INTERNATIONAL INC, a Delaware corporation, as sponsor, THE BANK OF NEW YORK, a New York banking corporation, as trustee, all Registered Owners and Beneficial Owners from time to time of iShares Silver Trust Shares issued hereunder and all Depositors.

iSHARES SILVER TRUST SUBLICENSE AGREEMENT
Sublicense Agreement • December 30th, 2008 • iShares Silver Trust • Gold and silver ores • New York

This Sublicense Agreement (the “Agreement”) is made as of April 21, 2006, by and between Barclays Global Investors International Inc., a corporation organized under the laws of the State of Delaware (“BGII”) and The Bank of New York, a banking corporation organized under the laws of the State of New York acting in its capacity as trustee (the “Trustee”) of the iShares Silver Trust, a trust organized under the laws of the State of New York (the “Trust”).

iShares Silver Trust Standard Terms for Authorized Participant Agreements Dated as of April 21, 2006
Authorized Participant Agreement • December 30th, 2008 • iShares Silver Trust • Gold and silver ores

STANDARD TERMS FOR AUTHORIZED PARTICIPANT AGREEMENTS (the “Standard Terms”) agreed to as of April 21, 2006 by and between The Bank of New York, a New York banking corporation, and Barclays Global Investors International Inc., a Delaware corporation.

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