0000894189-20-003706 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 11th, 2020 • Kinetics Portfolios Trust • Delaware

AGREEMENT made as of March 14, 2018 between KINETICS GLOBAL FUND CORPORATION (the "Company"), a Delaware Corporation and a wholly-owned subsidiary of Kinetics Global Trust (the "Portfolio"), a series of Kinetics Portfolios Trust, a Delaware business trust (the "Trust"), and KINETICS ASSET MANAGEMENT LLC, a Delaware limited liability company (the "Adviser").

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KINETICS MUTUAL FUNDS, INC. and KINETICS PORTFOLIOS TRUST AMENDMENT TO THE
Fund Accounting Servicing Agreement • May 11th, 2020 • Kinetics Portfolios Trust

THIS AMENDMENT dated as of the 1st day of September 2019, to the Fund Accounting Servicing Agreement, is entered into by and among Kinetics Mutual Funds, Inc., a Maryland corporation, Kinetics Portfolios Trust, a Delaware business trust and U.S. Bancorp Fund Services, LLC, a Wisconsin limited liability company.

KINETICS MUTUAL FUNDS, INC. and KINETICS PORTFOLIOS TRUST AMENDMENT TO THE CUSTODY AGREEMENT
Custody Agreement • May 11th, 2020 • Kinetics Portfolios Trust

THIS AMENDMENT, dated as of the 1st day of September 2019, to the Custody Agreement the "Agreement"), is entered into by and among Kinetics Mutual Funds, Inc., a Maryland corporation (the "Company"), Kinetics Portfolios Trust, a Delaware business trust (the "Trust") and U.S. Bank National Association, a national banking association (the "Custodian").

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