SOLICITING DEALER GROUP AGREEMENTDealer Group Agreement • August 28th, 2015 • Sprott Physical Silver Trust • Commodity contracts brokers & dealers • Ontario
As you may know, Sprott Asset Management Silver Bid LP (the "Offeror") has made an offer (the "Offer") dated May 27, 2015 to purchase, on the terms and subject to the conditions set out in the Offering Documents (as defined below), all of the issued and outstanding units (the "SBT Units") of Silver Bullion Trust ("SBT"), other than any SBT Units held directly or indirectly by the Offeror, for units of Sprott Physical Silver Trust on a net asset value ("NAV") to NAV exchange basis. The Offer expires at 5:00 p.m. (Toronto time) on September 18, 2015 (the "Expiry Time"), unless extended or withdrawn. The Offer is made subject to the terms and conditions as outlined therein.
