SEC Contract Filing

Filing Date: 2024-05-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ex10-1.htm
<DESCRIPTION>ALLOCATED ACCOUNT AGREEMENT
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0pt"><A HREF="gltr-8k_052824.htm">ABRDN PRECIOUS METALS BASKET ETF TRUST 8-K</A></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0pt; text-align: right">&nbsp;</P>

<P STYLE="margin: 0pt; text-align: left"><I>Executive Version</I>&nbsp;</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 86.9pt 0pt 83.1pt; text-align: center">DATED May 23<FONT STYLE="letter-spacing: -0.35pt">,
2024</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 86.9pt 0pt 83.1pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 103.75pt 0pt 99.85pt; text-align: center"><B>ICBC STANDARD BANK PLC</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 103.75pt 0pt 99.85pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 203.7pt 0pt 199.9pt; text-align: center">AND</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 203.7pt 0pt 199.9pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 98.2pt 0pt 94.35pt; text-align: center"><B>THE BANK OF NEW YORK
MELLON, not</B>&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 98.2pt 0pt 94.35pt; text-align: center"><B>in its individual capacity,
but solely in its</B>&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 98.2pt 0pt 94.35pt; text-align: center"><B>capacity as trustee of
the abrdn</B>&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 98.2pt 0pt 94.35pt; text-align: center"><B>Precious Metals Basket
ETF Trust</B>&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 86.95pt 0pt 83.3pt; text-align: center"></P>

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<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 86.95pt 0pt 83.3pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 86.95pt 0pt 83.3pt; text-align: center"><B>ALLOCATED ACCOUNT AGREEMENT</B>&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 86.95pt 0pt 83.3pt; text-align: center"></P>

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<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 86.95pt 0pt 83.3pt; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 86.95pt 0pt 83.3pt; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 2.85pt; margin-bottom: 0pt; text-align: left"><I>Executive Version</I>&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 2.85pt 0pt 5.1pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 2.85pt 0pt 5.1pt; text-align: center"><B>CONTENTS</B></P>

<P STYLE="font: 10pt/120% Times New Roman, Times, Serif; margin: 0pt 2.85pt 0pt 5.1pt; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
 <TR STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; ">
 <TD COLSPAN="2" STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 0in"><B>Clause</B></TD>
 <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt"><B>&#9;&#9;Page</B></TD></TR>
 <TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Times New Roman, Times, Serif; text-transform: uppercase">
 <TD STYLE="width: 7%; text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 0in">1.&nbsp;&nbsp;&nbsp;</TD>
 <TD STYLE="width: 83%; text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 0in"><A HREF="#a_001">INTERPRETATION</A></TD>
 <TD STYLE="width: 10%; text-align: right; padding-top: 6pt; padding-bottom: 6pt">3</TD></TR>
 <TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Times New Roman, Times, Serif; text-transform: uppercase">
 <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 0in">2.&nbsp;&nbsp;&nbsp;</TD>
 <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 0in"><A HREF="#a_002">ALLOCATED ACCOUNT</A></TD>
 <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">7</TD></TR>
 <TR STYLE="text-align: left; vertical-align: bottom; font: bold 10pt Times New Roman, Times, Serif; text-transform: uppercase">
 <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 0in">3.&nbsp;&nbsp;&nbsp;</TD>
 <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 0in"><A HREF="#a_003">DEPOSITS</A></TD>
 <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">