EX-4.3






Exhibit 4.3




PAYMENT AND REIMBURSEMENT AGREEMENT




     This Payment and Reimbursement Agreement (“Agreement”) is dated as of November 12,
2004 and is between World Gold Trust Services, LLC, a Delaware limited liability company
(“Sponsor”), and The Bank of New York, a New York banking corporation, in its capacity as
trustee (“Trustee”) of the streetTRACKS® Gold Trust (“Trust”), a trust
established pursuant to the Trust Indenture (“Trust Indenture”), dated as of November 12,
2004, between the Sponsor and the Trustee.



     WHEREAS, pursuant to Section 3.05(e) of the Trust Indenture, the Trustee has agreed to charge
no fee and to assume the expenses of the operation of the Trust (other than extraordinary expenses)
accrued through the day the Trust’s streetTRACKS® Gold Shares commence trading on the
New York Stock Exchange, Inc. (“Reimbursement Period”).



     NOW, THEREFORE, in consideration of the foregoing recitals and the following agreements, the
parties agree as follows:



     1. Payment and Reimbursement. The Sponsor agrees (i) to pay to the Trustee the amount
of the fee which would otherwise be payable to the Trustee under Section 8.04 of the Trust
Indenture for the Reimbursement Period but for the operation of Section 3.05(e) of the Trust
Indenture and (ii) to reimburse the Trustee for the expenses of the operation of the Trust which
the Trustee assumes during the Reimbursement Period under Section 3.05(e) of the Trust Indenture.



     2. Statements. The Trustee shall provide the Sponsor with a statement for the
Reimbursement Period detailing the amounts to be paid or reimbursed to the Trustee under Section 1
above. Such statement shall set forth in reasonable specificity the amounts to be paid or
reimbursed to the Trustee and the manner of calculation thereof. At the request of the Sponsor,
the Trustee shall furnish to the Sponsor such additional documentation and information as may be
necessary for the Sponsor to establish to its reasonable satisfaction that the Trustee is entitled
to payment or reimbursement hereunder. The Sponsor shall pay to the Trustee the amounts identified
for payment or reimbursement in the statement no later than thirty (30) days after receipt of such
statement, unless part or all of such amounts is disputed by the Sponsor. Upon the Trustee’s
receipt of the Sponsor’s written notice of the existence of disputed items in the statement, the
parties shall in good faith attempt to resolve such disputed items within thirty (30) days after
the Trustee’s receipt of such notice.



     4. Miscellaneous.



          (a) Entire Agreement; Amendments and Waiver. This Agreement constitutes the entire
agreement of the parties with respect to the subject matter hereof and may not be modified or
amended except in a writing executed by each of the parties hereto. No waiver of any of the
provisions hereof shall be deemed or shall constitute a



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waiver of any other provisions of this
Agreement (whether or not similar), nor shall such waiver constitute a continuing waiver.




          (b) Successors and Assigns; Assignment. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns. This
Agreement may not be assigned by any party without the prior written consent of the other party and
any purported assignment in violation of this provision shall be null and void.




          (c) Governing Law. This Agreement has been executed and delivered in the State of New
York, and shall be governed by and construed in accordance with the laws of the State of New York.




          (d) Consent to Jurisdiction. Each party hereto irrevocably consents to the
non-exclusive jurisdiction of the courts of the State of New York and of any Federal Court located
in the Borough of Manhattan in such State in connection with any action, suit or other proceeding
arising out of or relating to this Agreement or any action taken or omitted hereunder, and waives
any claim of forum non conveniens and any objections as to laying of venue. Each party hereto
further waives personal service of any summons, complaint or other process and agrees that service
thereof may be made by certified or registered mail directed to such party at such party’s address
for purposes of notices hereunder.




          (e) Notices. All notices and other communications under this Agreement shall be in
writing, signed by the party giving it, shall be deemed given, if delivered personally, when
received, if sent by first class mail (postage prepaid), on the second business day after being
mailed, or if sent by a recognized overnight courier (receipt confirmation received) or by
facsimile (transmission confirmation received), on the next business day after being sent, and
shall be sent to the parties at the following addresses (or to such other address as a party may
have specified by notice given to the other party pursuant to this provision):




	 	 	 	 
	 	If to the Sponsor, to:
	 	World Gold Trust Services, LLC
	 	 	 	444 Madison Avenue
	 	 	 	3rd Floor
	 	 	 	New York, New York 10022
	 	 	 	Attention: J. Stuart Thomas
	 	 	 	Facsimile: (212) 688-0410
	 	 	 	 
	 	If to the Trustee, to:
	 	The Bank of New York
	 	 	 	2 Hanson Place
	 	 	 	Brooklyn, New York 11217
	 	 	 	Attention: ADR Administration
	 	 	 	Facsimile: 718-315-4881






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     (f) Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original and all of which taken together shall constitute one and the same
agreement.



[Signature Page Follows]




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     IN WITNESS WHEREOF, the Trustee and the Sponsor have each caused this Agreement to be duly
executed and delivered as of the date first above written.



	 	 	 	 	 	 	 
	 	 	WORLD GOLD TRUST SERVICES, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:



Name:
	 	/s/ J. Stuart Thomas
 

J. Stuart Thomas
	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK,

as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:


Name:
	 	/s/ Alfred Irving
 

Alfred Irving
	 	 
	 

	 	Title:
	 	Vice-President	 	 







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