0000894189-06-001051 Sample Contracts

SHAREHOLDER SERVICING AGREEMENT KINETICS MUTUAL FUNDS, INC., on behalf of each of its series listed on Schedule A (the "Funds") Kinetics Asset Management, Inc. White Plains, New York 10605 Gentlemen:
Shareholder Servicing Agreement • May 1st, 2006 • Kinetics Mutual Funds Inc

You will perform or arrange for others, including organizations, whose customers or clients are shareholders of the Funds (the "Shareholder Servicing Agents") to perform all shareholder servicing functions and maintenance of shareholder accounts not performed by us or by our Transfer Agent ("Shareholder Services"). You may make payments from time to time from any Shareholder Servicing Fees (as defined below) received under this Agreement, to defray the costs of, and to compensate others, including Shareholder Servicing Agents with whom our distributor has entered into written agreements, for performing Shareholder Services.

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WAIVER AND REIMBURSEMENT AGREEMENT
Waiver and Reimbursement Agreement • May 1st, 2006 • Kinetics Mutual Funds Inc • Maryland

Agreement (“Agreement”) dated as of the 27th day of April 2006 by and between Kinetics Mutual Funds, Inc. (“Kinetics Mutual Funds”), a Maryland corporation and a registered investment company under the Investment Company Act of 1940, as amended, and Kinetics Asset Management, Inc. (the “Adviser”).

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