Common use of The Trustee and the Sponsor Clause in Contracts

The Trustee and the Sponsor. 13 Section 5.1 Maintenance of Office and Transfer Books by the Trustee. 13 Section 5.2 Prevention or Delay in Performance by the Sponsor or the Trustee. 13 Section 5.3 Obligations of the Sponsor and the Trustee. 13 Section 5.4 Resignation or Removal of the Trustee; Appointment of Successor Trustee. 14 Section 5.5 The Custodian. 15 Section 5.6 Indemnification. 16 Section 5.7 Charges of Trustee. 17 Section 5.8 Charges of Sponsor. 18 Section 5.9 Retention of Trust Documents. 18 Section 5.10 Federal Securities Law Filings. 18 Section 5.11 Prospectus Delivery. 19 Section 5.12 Discretionary Actions by Trustee; Consultation. 19 ARTICLE VI AMENDMENT AND TERMINATION 19 Section 6.1 Amendment. 19 Section 6.2 Termination. 19 ARTICLE VII MISCELLANEOUS 20 Section 7.1 Counterparts. 20 Section 7.2 Third-Party Beneficiaries. 21 Section 7.3 Severability. 21 Section 7.4 Registered Owners, Beneficial Owners and Depositors as Parties; Binding Effect. 21 Section 7.5 Notices. 21 Section 7.6 Agent for Service; Submission to Jurisdiction. 22 Section 7.7 Governing Law. 22 EXHIBIT A A-1 THIRD AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT THIS THIRD AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT dated as of January 31, 2022, between iSHARES® DELAWARE TRUST SPONSOR LLC, a Delaware limited liability company, as sponsor, THE BANK OF NEW YORK MELLON, a New York banking corporation formerly known as The Bank of New York, as trustee, all Registered Owners and Beneficial Owners from time to time of iShares Silver Trust Shares issued hereunder and all Depositors

The Trustee and the Sponsor. 13 15 Section 5.1 Maintenance of Office and Transfer Books by the Trustee. 13 Trustee 15 Section 5.2 Prevention or Delay in Performance by the Sponsor or the Trustee. 13 Trustee 16 Section 5.3 Obligations of the Sponsor and the Trustee. 13 Trustee 16 Section 5.4 Resignation or Removal of the Trustee; Appointment of Successor Trustee. 14 Trustee 17 Section 5.5 The Custodian. 15 Custodian 18 Section 5.6 Indemnification. 16 Indemnification 19 Section 5.7 Charges of Trustee. 17 Trustee 21 Section 5.8 Charges of Sponsor. 18 Sponsor 21 Section 5.9 Retention of Trust Documents. 18 Documents 21 Section 5.10 Federal Securities Law Filings. 18 Filings 22 Section 5.11 Prospectus Delivery. 19 Delivery 22 Section 5.12 Discretionary Actions by Trustee; Consultation. 19 Consultation 22 ARTICLE VI AMENDMENT AND TERMINATION 19 23 Section 6.1 Amendment. 19 Amendment 23 Section 6.2 Termination. 19 Termination 23 ARTICLE VII MISCELLANEOUS 20 25 Section 7.1 Counterparts. 20 Counterparts 25 Section 7.2 Third-Party Beneficiaries. 21 Beneficiaries 25 Section 7.3 Severability. 21 Severability 25 Section 7.4 Registered Owners, Beneficial Owners and Depositors as Parties; Binding Effect. 21 Effect 25 Section 7.5 Notices. 21 Notices 25 Section 7.6 Agent for Service; : Submission to Jurisdiction. 22 Jurisdiction 26 Section 7.7 Governing Law. 22 Law 27 EXHIBIT A A-1 THIRD FIRST AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT THIS THIRD FIRST AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT dated as of January 31February 28, 20222013, between iSHARES® DELAWARE TRUST SPONSOR LLC, a Delaware limited liability company, as sponsor, THE BANK OF NEW YORK MELLON, a New York banking corporation formerly known as The Bank of New York, as trustee, all Registered Owners and Beneficial Owners from time to time of iShares Silver Trust Shares issued hereunder and all Depositors

The Trustee and the Sponsor. 13 Section 5.1 5.1. Maintenance of Office and Transfer Books by the Trustee. 13 Section 5.2 5.2. Prevention or Delay in Performance by the Sponsor or the Trustee. 13 14 Section 5.3 5.3. Obligations of the Sponsor and the Trustee. 13 14 Section 5.4 5.4. Resignation or Removal of the Trustee; Appointment of Successor Trustee. 14 Section 5.5 5.5. The Custodian. 15 Section 5.6 5.6. Indemnification. 16 Section 5.7 5.7. Charges of Trustee. 17 18 Section 5.8 5.8. Charges of Sponsor. 18 Section 5.9 5.9. Retention of Trust Documents. 18 Section 5.10 5.10. Federal Securities Law Filings. 18 19 Section 5.11 5.11. Prospectus Delivery. 19 Section 5.12 5.12. Discretionary Actions by Trustee; Consultation. 19 ARTICLE VI 6. AMENDMENT AND TERMINATION 19 Section 6.1 Amendment. 19 Section 6.2 Termination. 19 ARTICLE VII MISCELLANEOUS 20 Section 7.1 Counterparts6.1. Amendment. 20 Section 7.2 6.2. Termination. 20 ARTICLE 7. MISCELLANEOUS 21 Section 7.1. Counterparts. 21 Section 7.2. Third-Party Beneficiaries. 21 Section 7.3 7.3. Severability. 21 Section 7.4 7.4. Registered Owners, Beneficial Owners and Depositors as Parties; Binding Effect. 21 Section 7.5 7.5. Notices. 21 Section 7.6 7.6. Agent for Service; Submission to Jurisdiction. 22 Section 7.7 7.7. Governing Law. 22 23 EXHIBIT A A-1 THIRD AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT THIS THIRD FIFTH AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT dated as of January 31, 2022, between iSHARES® DELAWARE TRUST SPONSOR LLC, a Delaware limited liability company, as sponsor, THE BANK OF NEW YORK MELLON, a New York banking corporation formerly known as The Bank of New York, as trustee, all Registered Owners and Beneficial Owners from time to time of iShares Silver Trust Shares issued hereunder and all Depositors

The Trustee and the Sponsor. 13 14 Section 5.1 5.1. Maintenance of Office and Transfer Books by the TrusteeTrustee 14 Section 5.2. 13 Section 5.2 Prevention or Delay in Performance by the Sponsor or the TrusteeTrustee 14 TABLE OF CONTENTS (continued) Page Section 5.3. 13 Section 5.3 Obligations of the Sponsor and the TrusteeTrustee 14 Section 5.4. 13 Section 5.4 Resignation or Removal of the Trustee; Appointment of Successor Trustee. 14 Section 5.5 The Custodian. Trustee 15 Section 5.6 Indemnification5.5. The Custodian 16 Section 5.7 5.6. Indemnification 17 Section 5.7. Charges of TrusteeTrustee 18 Section 5.8. 17 Section 5.8 Charges of SponsorSponsor 19 Section 5.9. 18 Section 5.9 Retention of Trust DocumentsDocuments 19 Section 5.10. 18 Section 5.10 Federal Securities Law Filings. 18 Section 5.11 Prospectus Delivery. Filings 19 Section 5.12 5.11. Prospectus Delivery 20 Section 5.12. Discretionary Actions by Trustee; Consultation. 19 Consultation 20 ARTICLE VI 6 AMENDMENT AND TERMINATION 19 Section 6.1 Amendment. 19 Section 6.2 Termination. 19 ARTICLE VII MISCELLANEOUS 20 Section 7.1 Counterparts6.1. Amendment 20 Section 7.2 6.2. Termination 21 ARTICLE 7 MISCELLANEOUS 22 Section 7.1. Counterparts 22 Section 7.2. Third-Party BeneficiariesBeneficiaries 22 Section 7.3. 21 Severability 22 Section 7.3 Severability7.4. 21 Section 7.4 Registered Owners, Beneficial Owners and Depositors as Parties; Binding EffectEffect 22 Section 7.5. 21 Notices 22 Section 7.5 Notices7.6. 21 Section 7.6 Agent for Service; Submission to JurisdictionJurisdiction 23 Section 7.7. 22 Section 7.7 Governing Law. 22 Law 24 EXHIBIT A A-1 THIRD AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT FORM OF CERTIFICATE EVIDENCING SHARES THIS THIRD AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT dated as of January 31February 28, 20222013, between iSHARES® DELAWARE TRUST SPONSOR LLC, a Delaware limited liability company, as sponsor, THE BANK OF NEW YORK MELLON, a New York banking corporation formerly known as The Bank of New York, as trustee, all Registered Owners and Beneficial Owners from time to time of iShares Silver Trust Shares issued hereunder and all Depositors

The Trustee and the Sponsor. 13 14 Section 5.1 5.1. Maintenance of Office and Transfer Books by the TrusteeTrustee 14 Section 5.2. 13 Section 5.2 Prevention or Delay in Performance by the Sponsor or the TrusteeTrustee 14 TABLE OF CONTENTS (continued) Page Section 5.3. 13 Section 5.3 Obligations of the Sponsor and the TrusteeTrustee 14 Section 5.4. 13 Section 5.4 Resignation or Removal of the Trustee; Appointment of Successor TrusteeTrustee 18 Section 5.5. 14 The Custodian 19 Section 5.5 The Custodian5.6. 15 Indemnification 20 Section 5.6 Indemnification5.7. 16 Section 5.7 Charges of TrusteeTrustee 22 Section 5.8. 17 Section 5.8 Charges of SponsorSponsor 22 Section 5.9. 18 Section 5.9 Retention of Trust DocumentsDocuments 22 Section 5.10. 18 Section 5.10 Federal Securities Law FilingsFilings 22 Section 5.11. 18 Prospectus Delivery 23 Section 5.11 Prospectus Delivery5.12. 19 Section 5.12 Discretionary Actions by Trustee; Consultation. 19 Consultation 23 ARTICLE VI 6 AMENDMENT AND TERMINATION 19 23 Section 6.1 Amendment6.1. 19 Amendment 23 Section 6.2 Termination6.2. 19 Termination 24 ARTICLE VII 7 MISCELLANEOUS 20 25 Section 7.1 Counterparts7.1. 20 Counterparts 25 Section 7.2 7.2. Third-Party BeneficiariesBeneficiaries 25 Section 7.3. 21 Severability 25 Section 7.3 Severability7.4. 21 Section 7.4 Registered Owners, Certain Matters relating to Beneficial Owners and Depositors as Parties; Binding Effect26 Section 7.5. 21 Notices 26 Section 7.5 Notices7.6. 21 Section 7.6 Agent for Service; Submission to JurisdictionJurisdiction 27 Section 7.7. 22 Section 7.7 Governing Law. 22 Law 28 EXHIBIT A A-1 THIRD AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT FORM OF CERTIFICATE EVIDENCING SHARES THIS THIRD AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT dated as of January 31[ ], 202220[ ], between iSHARES® DELAWARE TRUST SPONSOR LLCBLACKROCK ASSET MANAGEMENT INTERNATIONAL INC., a Delaware limited liability companycorporation, as the sponsor, and THE BANK OF NEW YORK MELLON, a New York banking corporation formerly known as The Bank of New Yorkcorporation, as trustee, all Registered Owners and Beneficial Owners from time to time of iShares Silver Trust Shares issued hereunder and all Depositors.

The Trustee and the Sponsor. 13 14 Section 5.1 5.1. Maintenance of Office and Transfer Books by the TrusteeTrustee 14 Section 5.2. 13 Section 5.2 Prevention or Delay in Performance by the Sponsor or the TrusteeTrustee 14 TABLE OF CONTENTS (continued) Page Section 5.3. 13 Section 5.3 Obligations of the Sponsor and the TrusteeTrustee 14 Section 5.4. 13 Section 5.4 Resignation or Removal of the Trustee; Appointment of Successor Trustee. 14 Section 5.5 The Custodian. Trustee 15 Section 5.6 Indemnification5.5. The Custodian 16 Section 5.7 5.6. Indemnification 17 Section 5.7. Charges of TrusteeTrustee 18 Section 5.8. 17 Section 5.8 Charges of SponsorSponsor 19 Section 5.9. 18 Section 5.9 Retention of Trust DocumentsDocuments 19 Section 5.10. 18 Section 5.10 Federal Securities Law Filings. 18 Section 5.11 Prospectus Delivery. Filings 19 Section 5.12 5.11. Prospectus Delivery 20 Section 5.12. Discretionary Actions by Trustee; Consultation. 19 Consultation 20 ARTICLE VI 6 AMENDMENT AND TERMINATION 19 20 Section 6.1 Amendment6.1. 19 Amendment 20 Section 6.2 6.2. Termination. 19 21 ARTICLE VII 7 MISCELLANEOUS 20 22 Section 7.1 Counterparts7.1. 20 Counterparts 22 Section 7.2 7.2. Third-Party BeneficiariesBeneficiaries 22 Section 7.3. 21 Severability 22 Section 7.3 Severability7.4. 21 Section 7.4 Registered Owners, Beneficial Owners and Depositors as Parties; Binding EffectEffect 22 Section 7.5. 21 Notices 22 Section 7.5 Notices7.6. 21 Section 7.6 Agent for Service; Submission to JurisdictionJurisdiction 23 Section 7.7. 22 Section 7.7 Governing Law. 22 Law 24 EXHIBIT A A-1 THIRD AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT FORM OF CERTIFICATE EVIDENCING SHARES THIS THIRD SECOND AMENDED AND RESTATED DEPOSITARY TRUST AGREEMENT dated as of January 31September 2, 20222010, between iSHARES® DELAWARE TRUST SPONSOR LLCBLACKROCK ASSET MANAGEMENT INTERNATIONAL INC., a Delaware limited liability companycorporation, as the sponsor, THE BANK OF NEW YORK MELLON, a New York banking corporation formerly known as The Bank of New York, as trustee, all Registered Owners and Beneficial Owners from time to time of iShares Silver Trust Shares issued hereunder and all Depositors