Document:

AMENDMENT NO. 2

TO

SPDR® GOLD TRUST

(formerly known as

streetTRACKS®  GOLD TRUST)

PARTICIPANT UNALLOCATED BULLION ACCOUNT AGREEMENT

This amendment (this “Amendment”), dated as of _________ ___, 2008, is Amendment No. 2 to the streetTRACKS® Gold Trust Participant Unallocated Bullion Account Agreement, dated ________, 20__, between HSBC Bank USA, National Association (the “Custodian”) and [Name of Authorized Participant] (the “Authorized Participant”), as amended by the first Amendment thereto, dated November 26, 2007 (the “Participant Unallocated Bullion Account Agreement”).

WHEREAS, the Authorized Participant and the Custodian have hitherto entered into the Participant Unallocated Bullion Account Agreement and the same is currently in full force and effect; and

WHEREAS, clause 13.4 of the Participant Unallocated Bullion Account Agreement provides that any amendment thereto shall be in writing signed by the Authorized Participant and the Custodian; and

WHEREAS, effective concurrently herewith the name of the streetTRACKS® Gold Trust is changed to “SPDR® Gold Trust” (the “Trust”) and the name of the streetTRACKS® Gold Shares is changed to “SPDR® Gold Shares” (the “Shares”); and 

WHEREAS, the Authorized Participant and the Custodian wish to amend the Participant Unallocated Bullion Account Agreement to refer to the new names of the Trust and Shares;

NOW, THEREFORE, the Authorized Participant and the Custodian agree as follows:

1. Throughout the Participant Unallocated Bullion Account Agreement, all references to “streetTRACKS® Gold Trust” are hereby amended to read “SPDR® Gold Trust” and all references to “streetTRACKS® Gold Shares” are hereby amended to read “SPDR® Gold Shares.”

2. The foregoing amendments shall be effective as of May 20, 2008.

3. Except as modified by this Amendment, the Participant Unallocated Bullion Account Agreement shall remain unmodified and in full force and effect.

4.  This Amendment is governed by, and will be construed in accordance with, English law. The parties agree that the English courts are to have jurisdiction to settle any disputes or claims which may arise out of or in connection with this Amendment and, for these purposes, each party irrevocably submits to the non-exclusive jurisdiction of the English courts.

 

 

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5. Capitalized terms used but not defined in this Amendment shall have the meaning assigned to such terms in the Participant Unallocated Bullion Account Agreement.

6. This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be deemed an original, but together shall constitute one and the same amendment. Facsimile signatures shall be acceptable and binding. 

[Signature Page Follows]

 

 

 

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IN WITNESS WHEREOF, the Custodian and the Authorized Participant have caused this Amendment to be executed as of the day and year first above written.

 

	
                         
 	
                         
 	
                        HSBC Bank USA, National Association
 
	
                          
 	
                         
 	
                        

                        By: 
 	
                          
 
	
                         
 	
                         
 	
                        Name:
 	
                         
 
	
                         
 	
                         
 	
                        Title:
 	
                         
 

 

	
                         
 	
                         
 	
                        [Name of Authorized Participant]
 
	
                          
 	
                         
 	
                        

                        By: 
 	
                          
 
	
                         
 	
                         
 	
                        Name:
 	
                         
 
	
                         
 	
                         
 	
                        Title:
 	
                         
 

[Signature Page to Amendment No. 2 to

 streetTRACKS® Gold Trust Participant Unallocated Bullion Account Agreement]

 

 

-3-World Gold Trust Services, LLC

444 Madison Avenue

New York, New York 10022

May 20, 2008

State Street Global Markets, LLC

One Lincoln Street

Boston, Massachusetts 02111

	
                         
 	
                        Re:
 	
                        Change of the name of the streetTRACKS® Gold Trust to SPDR® Gold Trust
 

Reference is made to the Marketing Agent Agreement made as of November 16, 2004 (as amended, the “Marketing Agent Agreement”), by and between World Gold Trust Services, LLC (the “Sponsor”), a Delaware limited liability company, and State Street Global Markets, LLC (the “Marketing Agent”), a Delaware limited liability company, as amended by letter agreements dated March 14, 2005 and November 26, 2007, among the Sponsor, the Marketing Agent and World Gold Council, a not-for-profit association registered under Swiss law (“WGC”).

The Sponsor and the Marketing Agent wish to amend the Marketing Agent Agreement to reflect the change of the name of the streetTRACKS® Gold Trust to the SPDR® Gold Trust.

1. The definition of “Related Agreements” in Section 1 is hereby amended to read in its entirety as follows:

“Related Agreements” means the SPDR Sublicense and the WGC/WGTS License.

2. Section 3.2 is hereby amended to read in its entirety as follows:

3.2  Name of the Trust; Sublicense. For the term of this Agreement, the Sponsor shall cause the name of the Trust to be “SPDR® Gold Trust.”  For purposes of carrying out its marketing and other activities under this Agreement and for the benefit of the Trust, the Marketing Agent and the Sponsor have entered into a sublicense agreement, substantially in the form of Exhibit A attached hereto (the “SPDR Sublicense”), granting the Marketing Agent a non-exclusive license to use the “SPDR®” registered trade mark.

 

 

3. Clause (ii) of Section 8.6 is hereby amended to read in its entirety as follows:

(ii) The parties shall, as soon as practical, take such actions as may be necessary to change the name of the Trust from “SPDR® Gold Trust” and to cease using the “SPDR® name for any other purpose connected with the Trust;

Except as otherwise set forth above, this letter agreement does not constitute an amendment, waiver or modification of any provision of the Marketing Agent Agreement.

This letter agreement shall be governed by the laws of the State of New York, without reference to the principles or rules of conflict of laws to the extent the laws of a different jurisdiction would be required thereby.

This letter agreement may be executed in any number of counterparts, each of which when executed and delivered shall be deemed an original, but together shall constitute one and the same agreement. Facsimile signatures shall be acceptable and binding. 

[Signature Page Follows]

 

 

If this letter correctly states our agreements, please indicate your approval and acceptance by signing on behalf of the Marketing Agent and State Street below and returning a duplicate copy of this letter to our attention. 

 

	
                         
 	
                         
 	
                        Very truly yours,
 
	
                         
 	
                         
 	
                        WORLD GOLD TRUST SERVICES, LLC
 
	
                          
 	
                         
 	
                        

      By: 
 	
                          
 
	
                         
 	
                         
 	
                        Name:
 	
                         
 
	
                         
 	
                         
 	
                        Title:
 	
   
 

 

AGREED AND ACCEPTED

As of the date first set forth above:

STATE STREET GLOBAL MARKETS, LLC

 

	
                        By:
 	
                          
 	
                         
 	
                         
 	
                          
 
	
                        Name:
 	
                         
 	
                         
 	
                         
 	
                         
 
	
                        Title:EXECUTION COPY

AMENDMENT NO. 1

to

WGC/WGTS LICENSE AGREEMENT

This Amendment (this “Amendment”) dated May 20, 2008 to the WGC/WGTS License Agreement (the “License Agreement”), entered into as of November 16, 2004, by and among World Gold Council and World Gold Trust Services, LLC (together the “Licensor”), and State Street Global Markets, LLC (the “Licensee”).

WITNESSES, that

WHEREAS effective concurrently herewith the name of the streetTRACKS® Gold Trust is changed to “SPDR® Gold Trust” (the “Trust”) and the name of the streetTRACKS® Gold Shares is changed to “SPDR® Gold Shares” (the “Shares”); and

WHEREAS, Section 10(h) of the License Agreement provides that any amendment thereto shall be in writing and signed by an authorized representative of the Licensor and Licensee; and

WHEREAS the Licensor and the Licensee wish to amend the License Agreement to refer to the new names of the Trust and Shares;

NOW, THEREFORE, the Licensor and the Licensee agree as follows:

1. Throughout the License Agreement, all references to “streetTRACKS® Gold Trust” are hereby amended to read “SPDR® Gold Trust” and all references to “streetTRACKS® Gold Shares” are hereby amended to read “SPDR® Gold Shares.”

2. The foregoing amendments shall be effective as of May 20, 2008.

3. Except as modified by this Amendment, the License Agreement shall remain unmodified and in full force and effect. 

4. Capitalized terms used but not defined in this Amendment shall have the meanings assigned to such terms in the License Agreement.

5. This Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be deemed an original, but together shall constitute one and the same amendment.

[Signature Page Follows]

 

 

IN WITNESS WHEREOF, the Parties have duly executed and delivered this Amendment as of the date first above written.

 

	
                         
 	
                         
 	
                        World Gold Council
 
	 	 	 	 
	
                          
 	
       
 	
      By: 
 	
                          
 
	
                         
 	
                         
 	
                        Name:
 	
                         
 
	
                         
 	
                         
 	
                        Title:
 	
                         
 

 

	
                         
 	
                         
 	
                        World Gold Trust Services, LLC
 
	 	 	 	 
	
                          
 	
       
 	
      By: 
 	
                          
 
	
                         
 	
                         
 	
                        Name:
 	
                         
 
	
                         
 	
                         
 	
                        Title:
 	
                         
 

 

	
                         
 	
                         
 	
                        State Street Global Markets, LLC
 
	 	 	 	 
	
                          
 	
       
 	
      By: 
 	
                          
 
	
                         
 	
                         
 	
                        Name:
 	
                         
 
	
                         
 	
                         
 	
                        Title:
 	
                         
 

 

[Signature Page to Amendment No. 1 to

WGC/WGTS License Agreement]

 

 

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