KINETICS PORTFOLIOS TRUST SECOND AMENDMENT TO THE FUND ADMINISTRATION SERVICING AGREEMENT
SECOND
AMENDMENT TO THE
THIS
SECOND AMENDMENT
dated as of this 16th day of May June, 2006, to the
Fund Administration Servicing Agreement, dated as of January 1, 2002, as amended
December 15, 2005, is entered into by and between Kinetics Portfolios
Trust, a Delaware business trust (the “Trust”) and U.S. Bancorp
Fund Services, LLC, a Wisconsin limited liability company
("USBFS").
RECITALS
WHEREAS,
the Trust and
USBFS have entered into a Fund Administration Servicing Agreement dated as
of
January 1, 2002, as previously amended (the “Agreement”); and
WHEREAS,
the Trust and USBFS desire to amend the Agreement; and
WHEREAS,
Section 6 of
the Agreement allows for its amendment by a written instrument executed by
the
Trust and USBFS;
NOW,
THEREFORE, the
Trust and USBFS agree as follows:
Exhibit
A
of the Agreement is hereby superseded and replaced with Exhibit A attached
hereto.
Except
to
the extent amended hereby, the Agreement shall remain in full force and
effect.
IN
WITNESS WHEREOF,
the parties hereto have caused this Second Amendment to be executed by a duly
authorized officer on one or more counterparts as of the date and year first
written above.
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U.S.
BANCORP FUND SERVICES, LLC
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By:
/s/ Xxxxx X. Xxxxx
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By:
/s/ Xxxxxxx X. XxXxx
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Name:
Xxxxx X. Xxxxx
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Name:
Xxxxxxx X. XxXxx
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Title:
President
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Title: Senior
Vice President
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1
Exhibit
A to the Fund Administration Agreement – Kinetics Portfolio
Trust
Administration
Services - Annual Fee Schedule
Master
Portfolios
Separate
Series of Kinetics Portfolios Trust
Name
of Series
The
Internet Portfolio
The
Medical Portfolio
The
Internet Emerging Growth Portfolio
The
Paradigm Portfolio
The
Small
Cap Opportunities Portfolio
The
Kinetics Government Money Market Portfolio
The
Market Opportunities Portfolio
The
Internet Portfolio, The Medical Portfolio, The Internet Emerging Growth
Portfolio, The Paradigm Portfolio, The Small Cap Opportunities Portfolio, The
Kinetics Government Money Market Portfolio, and The Market Opportunities
Portfolio shall incur the following fee schedule effective May 1,
2006:
Annual
fee per portfolio based on complex of Master Portfolios average net
assets:
__
basis points on the first
$__________
__
basis points on the
balance.
Minimum
Annual
Fee: $_____________ Note:
Minimum is based on the combined fees for both the Master Portfolios and the
Feeder Funds which includes out-of-pocket technology charge of $_____________
per quarter.
Plus
out-of-pocket expense reimbursements, including but not limited to:
Postage
Programming
Stationery
Proxies
Retention
of records
Special
reports
Federal
and state regulatory filing fees
Certain
insurance premiums
Expenses
from board of trustees meetings
Auditing
and legal expenses
All
other
out-of-pocket expenses
Fees
are
billed monthly
2
