▇▇▇▇▇▇▇▇▇ GLOBAL FUNDS
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
December 7, 2009
State Street Bank and Trust Company
State Street Financial Center
▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Ladies and Gentlemen:
Reference is made to the Custodian Agreement between us dated August
24, 2001 (the "Agreement").
Pursuant to Section 15 of the Agreement, this letter is to provide
notice of the termination of two portfolios of ▇▇▇▇▇▇▇▇▇ Global Funds (the
"Trust"), namely the ▇▇▇▇▇▇▇▇▇ Global Real Estate Equities Fund and the
▇▇▇▇▇▇▇▇▇ Industries of the Future Fund.
Please indicate your acceptance of the foregoing by executing two
copies of this letter, returning one to the Trust and retaining one copy for
your records.
Very truly yours,
▇▇▇▇▇▇▇▇▇ Global Funds
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
----------------------------------
Name: ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Secretary
Accepted:
State Street Bank and Trust Company
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
----------------------------------
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Title: Vice Chairman