Document:

Amendment No.1 to the Capital Support Agreement, dated November 1, 2007

 Exhibit 10.24.1 
 AMENDMENT NO. 1 
 TO 
 CAPITAL SUPPORT AGREEMENT 
 THIS AMENDMENT NO. 1 (the “Amendment”) to the Capital
Support Agreement, effective as of the 15th day of February 2008 (the “Amendment Effective Date”), between SEI Daily Income Trust Prime Obligation Fund (the “Fund”) and SEI Investments Company (the “Support Provider”).

 WHEREAS: 
  

	 	1.	The parties hereto entered into a Capital Support Agreement, dated as of November 8, 2007 (the “Agreement”); and 

  

	 	2.	The parties hereto 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.	Unless otherwise expressly provided herein, capitalized terms shall have the meanings assigned to them in the Agreement. 

  

	2.	Section l(e) of the Agreement is hereby deleted in its entirety and replaced as set forth below: 

 “Letter of Credit” means one or more letters of credit issued by the Letter of Credit Provider for the benefit of the Fund in an aggregate
amount equal to one hundred forty four million dollars ($144,000,000), and which shall terminate no sooner than the date set fourth in Section 3(c)(iv) of this Agreement. 
  

	3.	Section l(g) of the Agreement is hereby deleted in its entirety and replaced as set forth below: 

 “Maximum Contribution Amount” means one hundred fifty million dollars ($150,000,000). 
  

	4.	A new Section 1(n) is hereby added to the Agreement as set forth below: 

 “Segregated Account” means an account established by the Support Provider for the benefit of the Fund at a bank which is a qualified custodian under the 1940 Act, which may be an interest-bearing account
and/or which account’s assets may be invested into money market instruments, and which during the term of the Agreement (i) shall hold cash or cash equivalent securities in an amount equal to six million dollars ($6,000,000), and
(ii) the assets of which shall be available to the Fund by means of ACH transfer initiated by the Fund without the requirement of further action or consent by the Support Provider; provided, however, that the amount required to be maintained in
the Segregated Account may be reduced as set forth in Section 3 of the Agreement. 
  

	5.	Section 3(b) of the Agreement is hereby deleted in its entirety and replaced as set forth below: 

  

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 The Support Provider shall make the Capital Contribution to the Fund not later than one business day
after the occurrence of a Contribution Event, by 12:00 noon, Eastern Time. Each Capital Contribution made hereunder shall be made in immediately available funds, without deduction, set-off or counterclaim, to the Fund. If the Support Provider makes
a Capital Contribution when due, then the amount that Support Provider is obligated to maintain in the Segregated Account shall be reduced by the amount of such Capital Contribution. In the event that the Support Provider does not make a Capital
Contribution when due, the Fund will either, as determined in the sole discretion of the Fund, (i) draw upon the Letter of Credit, or (ii) draw funds from the Segregated Account, in either case by 4:00 p.m. on the day that such Capital
Contribution was required to have been made and in an amount equal to the Capital Contribution that is due. Any amount received under such Letter of Credit or withdrawn from the Segregated Account shall be deemed to be a Capital Contribution made
hereunder by the Support Provider. 
  

	6.	Section 5(f) of the Agreement is hereby deleted in its entirety and replaced as set forth below: 

 Its obligations under this Agreement shall be supported by (i) the Segregated Account as defined in Section l(n) of the Agreement, and (ii) a
Letter of Credit as defined in Section 1(e) issued for the benefit of the Fund and provided by the Letter of Credit Provider, which has obtained short-term credit ratings of A-l from Standard & Poor’s, P-l from Moody’s
Investors Services and F-l from Fitch Ratings. 
 [Signature Page Follows] 
  

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 IN WITNESS WHEREOF, the parties caused this Amendment No. 1 to the Capital Support Agreement to be
executed this 15th day of February, 2008. 
  

			
	SEI INVESTMENTS COMPANY
		
	By:	 	 /s/ Dennis J. McGonigle

	Name:	 	Dennis J. McGonigle
	Title:	 	Chief Financial Officer
	
	ADDRESS FOR NOTICES:
	
	 One Freedom Valley Drive
 Oaks, PA
19456

	
	SEI DAILY INCOME TRUST PRIME OBLIGATION FUND
		
	By:	 	 /s/ Timothy D. Barto

	Name:	 	Timothy D. Barto
	Title:	 	Vice President
	
	ADDRESS FOR NOTICES:
	
	 One Freedom Valley Drive
 Oaks, PA
19456

  

 3Letter of Credit, dated February 14, 2008

 Exhibit 10.28 
 

 
 JPMorgan Chase Bank, N.A. 
 c/o JPMorgan Treasury Services 
 Global Trade Services 
 10420 Highland Manor Drive 
 Tampa, Florida 33610 
 800-634-1969 Option 1 
 FEB 14, 2008 
 OUR L/C NO.: TPTS-347631 
 TO: APPLICANT: 
 SEI DAILY INCOME TRUST SEI INVESTMENTS COMPANY 
 PRIME OBLIGATION FUND 1 FREEDOM VALLEY DRIVE 
 ATTN: TIM BARTO OAKS, PA 19456 
 1 FREEDOM VALLEY DRIVE 
 OAKS, PA 19456 
 WE HAVE ESTABLISHED OUR IRREVOCABLE STANDBY LETTER OF CREDIT
IN YOUR FAVOR AS DETAILED HEREIN SUBJECT TO ISP98 
  

			
	DOCUMENTARY CREDIT NUMBER:	  	TPTS-347631
		
	FURTHER IDENTIFICATION:	  	ISSUE
		
	DATE OF ISSUE:	  	FEBRUARY 14, 2008
		
	BENEFICIARY:	  	 SEI DAILY INCOME TRUST
 PRIME OBLIGATION FUND

ATTN: TIM BARTO
 1 FREEDOM VALLEY DRIVE
 OAKS, PA 19456

		
	APPLICANT:	  	 SEI INVESTMENTS COMPANY
 1 FREEDOM VALLEY
DRIVE
 OAKS, PA 19456

		
	DATE AND PLACE OF EXPIRY:	  	 NOVEMBER 8, 2008
 AT OUR COUNTER

		
	DOCUMENTARY CREDIT AMOUNT:	  	USD18,000,000.00
		
	AVAILABLE WITH:	  	 JPMORGAN CHASE BANK, N.A.
 BY
PAYMENT

 IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR
ADDITIONAL 12 MONTH PERIODS FROM THE PRESENT OR EACH FUTURE EXPIRATION DATE, UNLESS AT LEAST 30 DAYS PRIOR TO THE CURRENT EXPIRY DATE WE SEND NOTICE IN WRITING TO YOU VIA SWIFT, OR HAND DELIVERY AT THE ABOVE ADDRESS, THAT WE ELECT NOT TO
AUTOMATICALLY EXTEND THIS LETTER OF CREDIT FOR ANY ADDITIONAL PERIOD. UPON SUCH NOTICE TO YOU, YOU MAY DRAW ON US AT SIGHT FOR AN AMOUNT NOT TO EXCEED THE BALANCE REMAINING IN THIS LETTER OF CREDIT WITHIN THE THEN-APPLICABLE EXPIRY DATE, BY YOUR
SWIFT OR PRESENTATION OF YOUR DRAFT AND DATED STATEMENT PURPORTEDLY SIGNED BY ONE OF YOUR OFFICIALS READING AS FOLLOWS: 
 QUOTE 
 THE AMOUNT OF THIS DRAWING USD . . . . . . . . . . . UNDER JPMORGAN CHASE BANK, N.A. LETTER OF CREDIT NUMBER TPTS-347631 REPRESENTS FUNDS DUE US AS WE HAVE RECEIVED
NOTICE FROM JPMORGAN CHASE BANK, N.A. OF THEIR DECISION NOT TO AUTOMATICALLY EXTEND LETTER OF CREDIT NUMBER TPTS-347631 AND THE UNDERLYING OBLIGATION REMAINS OUTSTANDING. UNQUOTE 

  

 1 

 

 
 JPMorgan Chase Bank, N.A. 
 c/o JPMorgan Treasury Services 
 Global Trade Services 
 10420 Highland Manor Drive 
 Tampa, Florida 33610 
 800-634-1969 Option 1 
 FEB 14, 2008 
 OUR L/C NO.: TPTS-347631 
  
 
IN THE EVENT THIS LETTER OF CREDIT IS SUBSEQUENTLY AMENDED BY US TO RESCIND A NOTICE OF NON-EXTENSION AND TO EXTEND THE EXPIRY DATE HEREOF TO A FUTURE
DATE, SUCH EXTENSION SHALL BE FOR THAT SINGLE PERIOD ONLY AND THIS LETTER OF CREDIT WILL NOT BE SUBJECT TO ANY FUTURE AUTOMATIC EXTENSIONS UNLESS AN AUTOMATIC EXTENSION PROVISION IS EXPRESSLY INCORPORATED INTO SUCH AMENDMENT. 
 ADDITIONAL DETAILS: 
 THIS LETTER OF CREDIT IS AVAILABLE WITH JPMORGAN CHASE
BANK, N.A. AGAINST PRESENTATION OF YOUR DRAFT AT SIGHT DRAWN ON JPMORGAN CHASE BANK, N.A., WHEN ACCOMPANIED BY THE DOCUMENTS INDICATED HEREIN. 
 BENEFICIARY’S DATED STATEMENT PURPORTEDLY SIGNED BY ONE OF ITS OFFICIALS READING AS FOLLOWS: 
 “THE AMOUNT OF THIS DRAWING, USD . . . . .
.. . . . . . . . . , UNDER JPMORGAN CHASE BANK, N.A. LETTER OF CREDIT NO. TPTS-347631 REPRESENTS FUNDS DUE AND PAYABLE TO US AS SEI INVESTMENTS COMPANY HAS FAILED TO PAY A REQUIRED CONTRIBUTION AMOUNT AS REQUIRED BY THE CAPITAL SUPPORT AGREEMENT
BETWEEN SEI INVESTMENTS COMPANY AND SEI DAILY INCOME TRUST PRIME OBLIGATION FUND.” 
 MULTIPLE DRAWINGS ARE ALLOWED. 
 PAYMENT WILL BE EFFECTED IN IMMEDIATELY AVAILABLE FUNDS BY THE NEXT BUSINESS DAY UPON RECEIPT OF PRESENTATION OF DOCUMENTS IN COMPLIANCE WITH THE LETTER OF CREDIT TERMS
AT OUR ADDRESS SPECIFIED BELOW. 
 AS USED IN THIS LETTER OF CREDIT, “BUSINESS DAY” SHALL MEAN ANY DAY OTHER THAN A SATURDAY, SUNDAY OR A DAY ON
WHICH BANKING INSTITUTIONS IN THE STATE OF NEW YORK ARE AUTHORIZED OR REQUIRED BY LAW TO CLOSE. 
 ALL CORRESPONDENCE AND ANY DRAWINGS HEREUNDER ARE TO BE
DIRECTED TO JPMORGAN TREASURY ‘SERVICES, STANDBY LETTER OF CREDIT DEPT. 4TH FL. 10420 HIGHLAND MANOR DRIVE, TAMPA, FLORIDA 33610. CUSTOMER INQUIRY NUMBER IS 1- 800-634-1969 CHOOSE OPTION 1. E-MAIL ADDRESS IS: GTS.CLIENT.SERVICES@JPMCHASE.COM.
PLEASE HAVE OUR REFERENCE NUMBER AVAILABLE WHEN YOU CONTACT US. 
 WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS AND
CONDITIONS OF THIS LETTER OF CREDIT WILL BE DULY HONORED. 
 THE NUMBER AND THE DATE OF OUR CREDIT AND THE NAME OF OUR BANK MUST BE QUOTED ON ALL DRAFTS
REQUIRED. 
 EXCEPT AS OTHERWISE SPECIFIED HEREIN, THE LETTER OF CREDIT IS SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES (1998), INTERNATIONAL CHAMBER OF
COMMERCE PUBLICATION NO. 590. 
  

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 JPMorgan Chase Bank, N.A. 
 c/o JPMorgan Treasury Services 
 Global Trade Services 
 10420 Highland Manor Drive 
 Tampa, Florida 33610 
 800-634-1969 Option 1 
 FEB 14, 2008 
 OUR L/C NO.: TPTS-347631 
  
 THIS LETTER OF CREDIT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS. 
  

	
	 /s/ Henry Avelino

	AUTHORIZED SIGNATURE
	
	 HENRY AVELINO
 ASSISTANT VICE PRESIDENT

  

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