Aberdeen Standard Silver ETF Trust Sample Contracts

AUTHORIZED PARTICIPANT AGREEMENT
Authorized Participant Agreement • February 1st, 2024 • Abrdn Silver ETF Trust • Commodity contracts brokers & dealers • New York

THIRD AMENDED AND RESTATED STANDARD TERMS FOR AUTHORIZED PARTICIPANT AGREEMENTS (the “Standard Terms”) agreed to as of [DATE] by and between The Bank of New York Mellon, a New York banking corporation (the “Trustee”), and abrdn ETFs Sponsor LLC, a Delaware limited liability company (the “Sponsor”).

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DEPOSITARY TRUST AGREEMENT ETF SECURITIES USA LLC as Sponsor and THE BANK OF NEW YORK MELLON, as Trustee Depositary Trust Agreement ETFS Silver Trust Dated as of July 20, 2009
Depositary Trust Agreement • July 21st, 2009 • Etfs Silver Trust • Gold and silver ores • New York

THIS DEPOSITARY TRUST AGREEMENT dated as of July 20, 2009, between ETF SECURITIES USA LLC, a Delaware limited liability company, as sponsor, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as trustee.

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and THE BANK OF NEW YORK MELLON solely in its capacity as trustee of the Aberdeen Standard Silver ETF Trust and not individually UNALLOCATED ACCOUNT AGREEMENT
Unallocated Account Agreement • April 4th, 2019 • Aberdeen Standard Silver ETF Trust • Commodity contracts brokers & dealers
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Novation of and Amendment No. 1 to Marketing Agent Agreement
Marketing Agent Agreement • March 1st, 2019 • Aberdeen Standard Silver ETF Trust • Commodity contracts brokers & dealers

This Novation of and Amendment No. 1 to the Marketing Agent Agreement (this “Amendment”), by and between Aberdeen Standard Investments ETFs (US) LLC (formerly, ETF Securities (US) LLC and ETFS Marketing, LLC), a Delaware limited liability company (“Aberdeen ETFs US”), Aberdeen Standard Investments ETFs Sponsor LLC, a Delaware limited liability company (“Aberdeen ETFs Sponsor”), and ALPS Distributors, Inc., a Colorado corporation (“ALPS”), is effective as of October 1, 2018 (the “Effective Date”).

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ALLOCATED ACCOUNT AGREEMENT
Agreement • April 27th, 2009 • Etfs Silver Trust • Gold and silver ores
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UNALLOCATED ACCOUNT AGREEMENT
Agreement • April 27th, 2009 • Etfs Silver Trust • Gold and silver ores
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AUTHORIZED PARTICIPANT AGREEMENT
Authorized Participant Agreement • April 27th, 2009 • Etfs Silver Trust • Gold and silver ores • New York

STANDARD TERMS FOR AUTHORIZED PARTICIPANT AGREEMENTS (the “Standard Terms”) agreed to as of [ ], 2009 by and between The Bank of New York Mellon, a New York banking corporation, and ETF Securities USA LLC, a Delaware corporation.

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FIRST AMENDMENT TO THE UNALLOCATED ACCOUNT AGREEMENT OF ABERDEEN STANDARD SILVER ETF TRUST
Unallocated Account Agreement • March 14th, 2022 • Aberdeen Standard Silver ETF Trust • Commodity contracts brokers & dealers

This First Amendment to the Unallocated Account Agreement (this “Amendment”) of the Aberdeen Standard Silver ETF Trust (the “Trust”), dated as of March 11, 2022, is made by and between JPMorgan Chase Bank, N.A., as the custodian of the Trust (the “Custodian”), and The Bank of New York Mellon, a New York banking corporation, as the trustee of the Trust (the “Trustee”).

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ETFS SILVER TRUST MARKETING AGENT AGREEMENT
Etfs Silver Trust Marketing Agent Agreement • July 21st, 2009 • Etfs Silver Trust • Gold and silver ores • Colorado

MARKETING AGENT AGREEMENT (the “Agreement”) made as of July 16 2009, on behalf of ETFS Silver Trust, a New York trust (the “Fund” or the “Trust”), by and among ETFS Marketing, LLC, a Delaware limited liability company, as agent of the Fund (“ETFS Marketing”) and ALPS Distributors, Inc., a Colorado corporation (the “Marketing Agent”). Capitalized terms used but not defined in this Agreement shall have the meaning ascribed thereto in the Trust’s Prospectus included its Registration Statement on Form S-1 (Registration No. 333-156307), as it may be amended from time-to-time.

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HSBC BANK USA, NATIONAL ASSOCIATION, LONDON BRANCH and THE BANK OF NEW YORK MELLON solely in its capacity as trustee of the ETFS Silver Trust and not individually and ETF SECURITIES USA LLC UNALLOCATED ACCOUNT AGREEMENT
Unallocated Account Agreement • July 21st, 2009 • Etfs Silver Trust • Gold and silver ores
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and THE BANK OF NEW YORK MELLON solely in its capacity as trustee of the Aberdeen Standard Silver ETF Trust and not individually ALLOCATED ACCOUNT AGREEMENT
Allocated Account Agreement • April 4th, 2019 • Aberdeen Standard Silver ETF Trust • Commodity contracts brokers & dealers
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AMENDMENT TO THE UNALLOCATED ACCOUNT AGREEMENT OF ETFS SILVER TRUST
Unallocated Account Agreement • October 5th, 2018 • Aberdeen Standard Silver ETF Trust • Commodity contracts brokers & dealers

This Amendment to the Unallocated Account Agreement (this “Amendment”) of the ETFS Silver Trust (the “Trust”), effective as of October 1, 2018, is made by and among Aberdeen Standard Investments ETFs Sponsor LLC (formerly, ETFS Securities USA LLC), a Delaware limited liability company, as sponsor of the Trust (the “Sponsor”), HSBC Bank plc (as successor to HSBC Bank USA, National Association, London Branch), as the custodian of the Trust (the “Custodian”), and The Bank of New York Mellon, a New York banking corporation, as the trustee of the Trust (the “Trustee”).

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HSBC BANK USA, NATIONAL ASSOCIATION, LONDON BRANCH and THE BANK OF NEW YORK MELLON solely in its capacity as trustee of the ETFS Silver Trust and not individually and ETF SECURITIES USA LLC ______________________________________________ ALLOCATED...
Etfs Silver Trust • July 21st, 2009 • Gold and silver ores
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Novation Agreement
Novation Agreement • December 18th, 2014 • Etfs Silver Trust • Commodity contracts brokers & dealers

(1)HSBC Bank USA, National Association, London Branch a national banking association organised under the laws of the United States of America (registered number 20-1177241) whose registered office is at 1800 Tysons Boulevard, Suite 50, McLean Virginia 22102, United States, acting through its London Branch whose principal place of business is at 8 Canada Square, London E14 5HQ, United Kingdom (the “Outgoing Party”)

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AMENDMENT TO THE ALLOCATED ACCOUNT AGREEMENT OF ETFS SILVER TRUST
Etfs Silver Trust • October 5th, 2018 • Aberdeen Standard Silver ETF Trust • Commodity contracts brokers & dealers

This Amendment to the Allocated Account Agreement (this “Amendment”) of the ETFS Silver Trust (the “Trust”), effective as of October 1, 2018, is made by and among Aberdeen Standard Investments ETFs Sponsor LLC (formerly, ETFS Securities USA LLC), a Delaware limited liability company, as sponsor of the Trust (the “Sponsor”), HSBC Bank plc (as successor to HSBC Bank USA, National Association, London Branch), as the custodian of the Trust (the “Custodian”), and The Bank of New York Mellon, a New York banking corporation, as the trustee of the Trust (the “Trustee”).

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FIRST AMENDMENT TO THE ALLOCATED ACCOUNT AGREEMENT OF ABERDEEN STANDARD SILVER ETF TRUST
Account Agreement • March 14th, 2022 • Aberdeen Standard Silver ETF Trust • Commodity contracts brokers & dealers

This First Amendment to the Allocated Account Agreement (this “Amendment”) of the Aberdeen Standard Silver ETF Trust (the “Trust”), dated as of March 11, 2022, is made by and between JPMorgan Chase Bank, N.A., as the custodian of the Trust (the “Custodian”), and The Bank of New York Mellon, a New York banking corporation, as the trustee of the Trust (the “Trustee”).

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SECOND AMENDMENT TO THE DEPOSITARY TRUST AGREEMENT OF ABERDEEN STANDARD SILVER ETF TRUST
Depositary Trust Agreement • March 14th, 2022 • Aberdeen Standard Silver ETF Trust • Commodity contracts brokers & dealers • New York

This Second Amendment to the Depositary Trust Agreement of the Aberdeen Standard Silver ETF Trust (formerly, ETFS Silver Trust), a New York common law trust (the “Trust”), dated as of March 8, 2022 (this “Amendment”), is made by and between abrdn ETFs Sponsor LLC (formerly, Aberdeen Standard Investments ETFs Sponsor LLC and ETF Securities USA LLC), a Delaware limited liability company, as sponsor of the Trust (the “Sponsor”), and The Bank of New York Mellon, a New York banking corporation, as the trustee of the Trust (the “Trustee”).

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

This Amendment to the Depositary Trust Agreement of the ETFS Silver 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 Silver Trust (the “Sponsor”), and The Bank of New York Mellon, a New York banking corporation, as the trustee of the ETFS Silver Trust (the “Trustee”).

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