CURRENCYSHARES® JAPANESE YEN TRUST PARTICIPANT AGREEMENTParticipant Agreement • March 11th, 2016 • Currencyshares Japanese Yen Trust • Commodity contracts brokers & dealers • New York
This Participant Agreement (this “Agreement”), dated as of , 2015, is entered into by and between (with respect to this Agreement, the “Authorized Participant”, and with respect to the Trust Agreement referred to below, an “Authorized Participant”), The Bank of New York Mellon, a New York banking corporation, not in its individual capacity but solely as trustee (the “Trustee”) of the CurrencyShares® Japanese Yen Trust (the “Trust”), and Guggenheim Specialized Products LLC, d/b/a Guggenheim Investments, as sponsor (the “Sponsor”) of the Trust.
