0001459862-20-000002 Sample Contracts

AMENDMENT TO THE DEPOSITARY TRUST AGREEMENT OF ETFS PALLADIUM TRUST
Depositary Trust Agreement • February 28th, 2020 • Aberdeen Standard Palladium ETF Trust • Commodity contracts brokers & dealers • New York

This Amendment to the Depositary Trust Agreement of the ETFS Palladium Trust (this “Amendment”), dated as of September 20, 2018, is made by and between Aberdeen Standard Investments ETFs Sponsor LLC (formerly, ETFS Securities USA LLC), a Delaware limited liability company, as sponsor of the ETFS Palladium Trust (the “Sponsor”), and The Bank of New York Mellon, a New York banking corporation, as the trustee of the ETFS Palladium Trust (the “Trustee”).

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