SCHEDULE A

TO THE

DISTRIBUTION AGREEMENT

BETWEEN

KINETICS MUTUAL FUNDS, INC.

AND

KINETICS FUNDS DISTRIBUTOR, INC.

Pursuant to Section 1 of the Distribution Agreement between KINETICS MUTUAL FUNDS, INC. (the "Company") and KINETICS FUNDS DISTRIBUTOR, INC. ("KFDI"), the Company hereby appoints KFDI as its agent to be the principal underwriter of the Company and the national distributor of the Shares with respect to its following series:

The Internet Fund

The Global Fund

The Paradigm Fund

The Medical Fund

The Small Cap Opportunities Fund

The Kinetics Government Money Market Fund

The Market Opportunities Fund

The Water Infrastructure Fund

The Multi-Disciplinary Fund

The Paradigm Absolute Return Fund

Dated:                      December 18, 2009