ABERDEEN STANDARD GOLD ETF TRUST 8-K [sgol-8k_060520.htm] 

 

 

 Exhibit 10.1

 

THIRD AMENDMENT TO THE

ALLOCATED ACCOUNT AGREEMENT

OF

Aberdeen Standard Gold ETF Trust

(formerly, ETFS GOLD TRUST)

 

This Third Amendment to the Allocated Account Agreement (this “Amendment”) of
the Aberdeen Standard Gold ETF Trust (formerly, ETFS Gold Trust) (the “Trust”),
dated as of June 5, 2020, 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”).

WITNESSETH THAT:

WHEREAS, the Custodian and the Trustee are parties to the Allocated Account
Agreement dated as of September 1, 2009, as amended as of October 1, 2018 and
June 20, 2019 (the “Agreement”), which established an allocated gold account in
the Trustee’s name for the Trust; and

 

WHEREAS, pursuant to Section 15.5 of the Agreement, the Custodian and the
Trustee desire to amend the Agreement to extend the term thereof.

 

NOW, THEREFORE, in consideration of the premises and the agreements hereinafter
set forth, the parties hereby agree as follows:

 

1.(a) Amendment to Section 13.2 of the Agreement. The first paragraph of Section
13.2 is hereby deleted in its entirety and replaced with the following:

 

Term: This Agreement shall have a term ending on December 31, 2021 and, at the
end of such term and any subsequent term, shall automatically renew for a term
of one year unless terminated by the parties in accordance with this clause 13;
provided that during such periods this Agreement may be terminated immediately
upon written notice as follows:

(b) For the avoidance of doubt, items (1) through (7) of Section 13.2 remain
unchanged.

2.       

The amendments contemplated by this Amendment shall, upon execution of this
Amendment by the Custodian and the Trustee, be effective as of September 1,
2019, and no further action shall be required to make such amendments effective.

3.       

Except as expressly amended by this Amendment, the Agreement shall remain in
full force and effect.

4.       

This Amendment shall be interpreted under, and all rights and duties under this
Amendment shall be governed by, English law.

5.       

Except as otherwise specified in this Amendment, or as the context may otherwise
require, capitalized terms shall have the meaning ascribed to them in the
Agreement.

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6.       

This Amendment may be executed in any number of counterparts, each of which
shall be deemed an original, but all such counterparts together shall constitute
one and the same instrument. Facsimile and electronic counterpart signatures
shall be acceptable and binding.

7.       

Pursuant to Section 5.5(a) of the Depositary Trust Agreement of the Trust, dated
as of September 1, 2009, as amended, the Sponsor hereby approves of the Trustee
entering into this Amendment.

[remainder of page intentionally blank]

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first set forth above.

 

 

JPMorgan Chase Bank, N.A.,

as Custodian

/s/ David Nahmanovici   Name: David Nahmanovici   Title: Managing Director  

  

 

The Bank of New York Mellon,

solely in its capacity as Trustee and not individually

/s/ Patrick Griffin   Name: Patrick Griffin   Title: Vice President  

  

 

Aberdeen Standard Investments ETFs Sponsor LLC

(formerly, ETFS Securities USA LLC),

solely as to paragraph 7

 

 

/s/ Lucia Sitar   Name: Lucia Sitar   Title: Vice President  

 

 

[Signature Page to Third Amendment to Allocated Account Agreement]

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