AMENDMENT NUMBER ONE TO SUB-ADMINISTRATION AGREEMENT
Exhibit
99.(h)(7)
AMENDMENT
NUMBER ONE
TO
THIS
AMENDMENT NUMBER ONE TO SUB-ADMINISTRATION
AGREEMENT (this “Amendment”) is
entered into as of the _____ day of ________ 2009 (“Amendment Effective
Date”) by and between Global X Management Company LLC, a Delaware limited
liability company (“GXMC”), and SEI
Investments Global Funds Services, a Delaware statutory trust (the “Sub-Administrator”).
WHEREAS,
GXMC serves as investment adviser and administrator to Global X Funds (the
“Trust”), an
open-end management investment company registered under the Investment Company
Act of 1940, as amended;
WHEREAS,
GXMC and the Sub-Administrator entered into a Sub-Administration Agreement dated
as of the 25th day of November, 2008 pursuant to which the Sub-Administrator
agreed to provide certain administrative, accounting and compliance services
with respect to the Trust (the “Agreement”);
and
WHEREAS, the Trust and the
Administrator desire to amend the Agreement on the terms and subject to the
conditions provided herein.
NOW
THEREFORE, in consideration of the premises, covenants, representations and
warranties contained herein, and intending to be legally bound hereby, the
parties hereto agree as follows:
1.
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Schedule I (Funds). Schedule I
(Funds) of the Agreement is hereby deleted and replaced in its entirety as
set forth in Schedule I, attached
hereto.
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2.
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Ratification of Agreement. Except as expressly amended
and provided herein, all of the terms, conditions and provisions of the
Agreement are hereby ratified and confirmed to be of full force and
effect, and shall continue in full force and
effect.
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3.
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Counterparts. This Amendment may be
executed in one or more counterparts, all of which shall constitute one
and the same instrument. Each such counterpart shall be deemed
an original, and it shall not be necessary in making proof of this
Agreement to produce or account for more than one such
counterpart. This Amendment shall be deemed executed by both
parties when any one or more counterparts hereof or thereof, individually
or taken together, bears the original, scanned or facsimile signatures of
each of the
parties.
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4.
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Governing
Law. This Amendment shall be governed by and construed in
accordance with the laws of the Commonwealth of Pennsylvania without
giving effect to any conflict of laws or choice of laws rules or
principles thereof. To the extent that the applicable laws of
the Commonwealth of Pennsylvania, or any of the provisions of this
Amendment, conflict with the applicable provisions of the 1940 Act, the
Securities Act of 1933 or the Securities Exchange Act of 1934, the latter
shall control.
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IN WITNESS WHEREOF, the
parties hereto have executed this Amendment by their duly authorized
representatives as of the day and year first above written.
SEI
INVESTMENTS GLOBAL FUNDS SERVICES
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GLOBAL
X MANAGEMENT COMPANY LLC
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By:
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By:
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Name:
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Name:
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Title:
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Title:
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1
SCHEDULE
I
Funds
Global X
FTSE Nordic 30 ETF (launched)
Global X
FTSE Denmark 30 ETF
Global X
FTSE Finland 30 ETF
Global X
FTSE Norway 30 ETF
Global X
FTSE Argentina 20 ETF
Global X
FTSE Colombia 20 ETF (launched)
Global X
FTSE Egypt 30 ETF
Global X
FTSE Peru 20 ETF
Global X
FTSE Philippines 30 ETF
Global X
FTSE Poland 30 ETF
Global X
Pakistan KSE-30 ETF
Global X
Emerging Africa XX-00 XXX
Xxxxxx X
XXXX Xxxxxx Xxxx Xxxxxxxx 20 ETF
Global X
China Consumer ETF
Global X
China Energy ETF
Global X
China Financials ETF
Global X
China Industrials ETF
Global X
China Materials ETF
Global X
China Technology ETF
2