FEE WAIVER AGREEMENT

AGREEMENT, was first entered into on July 26, 2019, between Global X Funds (“Trust”), on behalf of the Global X S&P 500® Quality Dividend ETF (“Fund”) and Global X Management Company LLC (“Adviser”).

WHEREAS, the Adviser has advised the Board of Trustees of the Trust that, because of competitive fee pressures, it desires to waive the Fund’s Management Fee to 0.20% of the Fund’s average daily net assets per year; and

WHEREAS, the Board of Trustees has considered the Adviser’s request and agrees that waiving a portion of the Fund’s Management Fee, as provided for in this Agreement, is in the best interest of the Fund and its shareholders.

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, Trust and Adviser agree as follows:

1.With respect to the Fund, for the period commencing as of the date of this Agreement, the Adviser has contractually agreed to waive the Management Fee payable to the Adviser such that the Fund’s Management Fee will be 0.20% of the Fund’s average daily net assets per year.

2.The Adviser understands and intends that the Fund will rely on this Agreement in preparing and filing its registration statements on Form N-1A and in accruing the expenses of the Fund for purposes of calculating net asset value (and otherwise) and expressly permits the Fund to do so.

3.This Agreement shall be governed by applicable federal laws, rules and regulations and the laws of the State of Delaware, without regard to the conflicts of law provisions thereof; provided, however, that nothing herein shall be construed as being inconsistent with the Investment Company Act of 1940 (“1940 Act”), the Investment Advisers Act of 1940 (“Advisers Act”) or other applicable federal law. Where the effect of a requirement of the 1940 Act, Advisers Act or other applicable federal law reflected in any provision of this Agreement is altered by a new or changed rule, regulation or order of the SEC, whether of special or general application, such provision shall be deemed to incorporate the effect of such rule, regulation or order. Any amendment to this Agreement shall be in writing signed by the parties hereto.

IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the day and year first written above.

GLOBAL X FUNDS                    

By: /s/ Lisa K. Whittaker    

Name: Lisa Whittaker

Title: Secretary

GLOBAL X MANAGEMENT COMPANY LLC

By /s/ Lisa K. Whittaker    

Name: Lisa Whittaker

Title: General Counsel