0000894189-09-001362 Sample Contracts

SECURITIES LENDING AGREEMENT Customer Agreement
Securities Lending Agreement • April 30th, 2009 • Kinetics Portfolios Trust • Minnesota

This Securities Lending Agreement, made as of the 1st day of February, 2009, including all exhibits attached hereto, all of the terms of which are incorporated herein by reference, in each case, as amended and/or supplemented from time to time in accordance with the terms hereof (this “Agreement”), by and between U.S. Bank National Association (the “Bank”) and the Kinetics Portfolios Trust (the “Trust”), a Delaware statutory trust, on behalf of each respective series identified in Exhibit A attached hereto (each such series hereinafter referred to as a separate “Customer”).

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