Company: SPPP
Filing Date: 2025-10-10
Form Type: F-10EF
Source: 0001999371-25-015206
Chunk: 28

Company: SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST
Filing Date: 2025-10-10
Form: F-10EF
Chunk 28
---
adium bullion with the net proceeds of an offering may result in the Trust purchasing less physical platinum and palladium bullion than it could have purchased earlier. The Trust intends to purchase physical platinum and palladium bullion with the net proceeds of an offering as described in this prospectus as soon as practicable. The Trust may not be able to purchase immediately all of the required physical platinum and palladium bullion and, depending on the size of an offering and other factors outside the control of the Trust, such as the amount of physical platinum and palladium bullion available for purchase, the Manager estimates that it may take up to 20 business days to purchase all of the physical platinum and palladium bullion the Trust will purchase in connection with an offering. If physical platinum and palladium bullion prices increase between the time of completion of an offering and the time the Trust completes its purchases of such bullion, whether or not caused by the Trust’s acquisition of such bullion, the amount of physical platinum and palladium bullion the Trust will be able to purchase will be less than it would have been able to purchase had it been able to complete its purchases of the required physical platinum and palladium bullion immediately. In either of these circumstances, the quantity of physical platinum and palladium bullion purchased per trust unit will be reduced, which will have a negative effect on the value of the trust units. If there is a loss, damage or destruction of the Trust’s physical platinum and palladium bullion in the custody of the Mint and the Manager, on behalf of the Trust, does not give timely notice, all claims against the Mint will be deemed waived. In the event that either party to the Storage Agreements discovers loss, damage or destruction of the Trust’s physical platinum or palladium bullion in the Mint’s custody, care and control, such party must give written notice to the other party within five Mint business days, in the case of the Manager’s notice, and one Mint business day, in the case of the Mint’s notice, after its discovery of any such loss, damage or destruction, but, in the event that the Manager receives a written notice from the Mint in which a discrepancy in the quantity of physical platinum and palladium bullion first appears, it shall give the Mint a notice of loss no later than 60 days following receipt of said written statement. Should the Manager, for and on behalf of the Trust, either fail to give a notice of loss with respect to a loss, damage or destruction of physical platinum