0001047469-10-000292 Sample Contracts

SPROTT PHYSICAL GOLD TRUST TRUST AGREEMENT
Trust Agreement • January 25th, 2010 • Sprott Physical Gold Trust • Gold and silver ores • Ontario

WHEREAS the Settlor wishes to establish a closed-end investment trust to be known as the “Sprott Physical Gold Trust” (the “Trust”) as a mutual fund trust within the meaning of the Income Tax Act (Canada) and to cause the units of the Trust to be listed for trading on the Toronto Stock Exchange and the New York Stock Exchange Arca;

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CONTRACT # LS2009-229 between ROYAL CANADIAN MINT and SPROTT ASSET MANAGEMENT LP FOR AND ON BEHALF OF SPROTT PHYSICAL GOLD TRUST PRECIOUS METALS STORAGE CONTRACT
Gold Storage Agreement • January 25th, 2010 • Sprott Physical Gold Trust • Gold and silver ores • Ontario

for and on behalf of Sprott Physical Gold Trust, a trust organized under the laws of the Province of Ontario (hereinafter called the “Customer”)

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