Gold Delivery Risk

Where a Gold Token holder lodges a valid retrieval request (i.e., requesting gold to be delivered for Gold Token(s)), the gold being retrieved is transferred out of the allocated account at the Custodian for delivery into the unallocated account of the metal agent, and then into an account of the person surrendering the Gold Token for gold (“Former Gold Token holder”), where it will be held for such Former Gold Token holder. The risk of non-receipt of the gold will remain with the Former Gold Token holder until such gold is deposited by the metal agent into the account designated by the Former Gold Token holder. Such gold held in an unallocated account does not give proprietary rights to gold in such account but instead gives an unsecured claim against the metal agent for the amount of gold held in that account and such gold is not segregated from the assets of the metal agent. WisdomTree Digital will not be responsible or liable for any failure by any metal agent to effect a delivery of the relevant gold in accordance with applicable instructions of the Former Gold Token holder or otherwise will not have recourse to WisdomTree Digital. In the event of the insolvency or default of the metal agent, or the failure of the metal agent to procure delivery of the gold to the Former Gold Token holder on Former Gold Token holder’s instruction, it may not be possible to recover any or all of the gold held in such account at the metal agent. This may mean that the Former Gold Token holder may not receive delivery of the relevant gold owed to it under such retrieval. In these circumstances the Former Gold Token holder may suffer a loss as they will not have received all or part of the gold which they are entitled to receive.

Retrieval orders are subject to postponement, suspension or rejection by WisdomTree Digital under certain circumstances. For example, WisdomTree Digital may, in its discretion, suspend the right of retrieval or postpone the retrieval settlement date, (1) for any period during which an emergency exists as a result of which the delivery, disposal or evaluation of gold is not reasonably practicable, or (2) for such other period as WisdomTree Digital determines to be necessary, such as for gold protection. In addition, WisdomTree Digital will reject a retrieval order if the order is not in proper form, if the fulfillment of the order might be unlawful or if fees are not paid. Any such postponement, suspension or rejection could adversely affect a retrieving Gold Token holder and WisdomTree Digital disclaims any liability for any loss or damage that may result from any such suspension or postponement.