AMENDMENT NO. 3 TO

THE TRUST INDENTURE AND AGREEMENT,

DATED MARCH 4, 1999, AND AS AMENDED MARCH 21, 2007 AND APRIL 25, 2018,

BETWEEN

INVESCO CAPITAL MANAGEMENT LLC, AS SPONSOR

AND

THE BANK OF NEW YORK MELLON, AS TRUSTEE

This Amendment No. 3 to the Trust Indenture and Agreement, dated October 15, 2020 (the “Amendment”), between Invesco Capital Management LLC, as sponsor (in such capacity, the “Sponsor”) and The Bank of New York Mellon, as trustee (in such capacity, the “Trustee”), amends the Trust Indenture and Agreement, dated March 4, 1999 and as amended March 21, 2007 and April 25, 2018 (the “Indenture”), between the Sponsor and the Trustee. Defined terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture.

WHEREAS, the parties hereto have entered into the Indenture, which sets forth certain of its provisions in full and incorporates other of its provisions by reference to the Standard Terms and Conditions of Trust, dated as of March 1, 1999, and effective as of March 4, 1999, as amended on April 17, 2001, February 4, 2004, January 1, 2006, November 16, 2012, August 2, 2017, and January 26, 2018 (the “Agreement” and, together with the Indenture the “Indenture and Agreement”), between the Sponsor and the Trustee; and

WHEREAS, the parties hereto desire to amend the Indenture as more fully set forth below;

NOW THEREFORE, in consideration of the premises and of the mutual agreement contained herein, the Sponsor and the Trustee agree as follows:

1. Section 2.D in the Indenture shall be deleted in its entirety and replaced with the following:

The Mandatory Termination Date for the Trust shall be the date upon which the maturity, redemption, sale or other disposition, as the case may be, of the last security held by the Trust occurs.

2. Pursuant to Section 10.01 of the Agreement, the parties hereby agree that this Amendment is made in compliance with the provisions of Section 10.01(a) thereof and that the parties hereto have determined in good faith that the change contained in this Amendment will not adversely affect the interests of Beneficial Owners.

3. Pursuant to Section 10.01 of the Agreement, the Sponsor shall publish notice of this Amendment on the Sponsor’s website promptly following execution of this Amendment and shall include the text of the Amendment in the annual report provided to Beneficial Owners pursuant to Section 3.05 of the Agreement.

4. Except as amended hereby, the Indenture and Agreement now currently in effect are in all respects ratified and confirmed hereby, and this Amendment and all of its provisions shall be deemed to be part of the Indenture and Agreement.

5. This Amendment shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of laws thereof, and all laws or rules of construction of such State shall govern the rights of the parties thereto and the Beneficial Owners and the interpretation of the provisions hereof.

6. This Amendment may be executed in any number of counterparts, each of which, when so executed and delivered, shall be an original, but all such counterparts shall together constitute but one and the same Amendment. Each of the parties hereto acknowledges having received an executed counterpart of this Amendment. Facsimile, PDF, electronic or other similar format signatures shall be acceptable and binding.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date hereof.

INVESCO CAPITAL MANAGEMENT LLC, as Sponsor
By:	/s/ Anna Paglia
	Name: Anna Paglia
	Title: Chief Executive Officer
THE BANK OF NEW YORK MELLON, as Trustee
By:	/s/ Gerard Connors
	Name: Gerard Connors
	Title: Vice President