Third Amendment to the Amended and Restated Sponsor Agreement between World Gold Trust and WGC USA Asset Management Company, LLC, as sponsor, dated February 4, 2022
Exhibit 10.5.3
THIRD AMENDMENT
TO
AMENDED AND RESTATED SPONSOR AGREEMENT
This Amendment (this Amendment), dated as of February 4, 2022 and effective as of February 23, 2022, is to the Amended and Restated Sponsor Agreement dated as of October 14, 2016, as amended on November 28, 2017 and June 12, 2018 (the Agreement) between WGC USA Asset Management Company, LLC, a Delaware limited liability company (the Sponsor), and World Gold Trust (the Trust), a Delaware statutory trust organized in series.
WHEREAS, the Sponsor has agreed to reduce its sponsor fee with respect to SPDR® Gold MiniSharesSM Trust (GLDM); and
WHEREAS, the Sponsor and the Trust would like to amend the Agreement to reflect the reduction of the Marketing Agents fee for GLDM.
NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Sponsor and the Trust, both for itself and on behalf of GLDM, hereby agree as follows:
1. Schedule A is hereby deleted and replaced in its entirety with Schedule A set forth below:
Schedule A
Fund | Rate | |||
SPDR® Gold MiniSharesSM Trust | 0.10 | % |
2. This Amendment shall be effective on February 23, 2022.
3. Except as modified by this Amendment, the 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 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 agreement.
[Signature Page Follow]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.
WORLD GOLD TRUST, | ||
By: Delaware Trust Company, its Trustee | ||
By: | /s/ Alan R. Halpern | |
Name: Alan R. Halpern | ||
Title: Vice President | ||
WGC USA ASSET MANAGEMENT COMPANY, LLC | ||
By: | /s/ Brandon Woods | |
Name: Brandon Woods | ||
Title: Principal Financial and Accounting Officer |