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

• Contract Type
  Limited Liability Company Agreement
• Filed
  March 13th, 2006
• Company
  Currencyshares British Pound Sterling Trust
• Jurisdiction
  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’’).

FORM OF SUBLICENSE AGREEMENT

Sublicense Agreement • March 13th, 2006 • Currencyshares British Pound Sterling Trust • Maryland

• Contract Type
  Sublicense Agreement
• Filed
  March 13th, 2006
• Company
  Currencyshares British Pound Sterling Trust
• Jurisdiction
  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’’).