0000950136-06-001851 Sample Contracts

LIMITED LIABILITY COMPANY AGREEMENT OF RYDEX SPECIALIZED PRODUCTS LLC
Limited Liability Company Agreement • March 13th, 2006 • Currencyshares British Pound Sterling Trust • Delaware

This Limited Liability Company Agreement (the ‘‘Agreement’’) of Rydex Specialized Products LLC (the ‘‘Company’’) is entered into as of September 14, 2005 by PADCO Advisors II, Inc., a Maryland corporation (‘‘PADCO II’’).

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FORM OF SUBLICENSE AGREEMENT
Form of Sublicense Agreement • March 13th, 2006 • Currencyshares British Pound Sterling Trust • Maryland

This Sublicense Agreement (this ‘‘Agreement’’) is entered into as of [ ], 2006 (the ‘‘Effective Date’’), by and between PADCO Advisors II, Inc., a Maryland corporation (‘‘Licensor’’), and Rydex Specialized Products LLC, a Delaware limited liability company wholly-owned by Licensor (‘‘Licensee’’).

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