WEISS STRATEGIC INTERVAL FUND SUBSCRIPTION AGREEMENT
Exhibit 99.P
XXXXX STRATEGIC INTERVAL FUND
This Subscription Agreement is entered into this [ ] day of [ ], 2017 by and between Xxxxx Strategic Interval Fund, a Delaware statutory trust (the “Fund”), and Somerset Re Ltd. (the “Subscriber”).
WITNESSETH:
WHEREAS, the Fund has been formed for the purposes of carrying on business as a closed-end management investment company; and
WHEREAS, the Subscriber wishes to subscribe for and purchase, and the Fund wishes to sell to the Subscriber, [ ] shares of beneficial interest (the “Shares”) for a purchase price of $[ ] per share; and
WHEREAS, from time to time, the Subscriber may subscribe for and purchase, and the Fund may sell to the Subscriber, additional Shares in the future;
NOW THEREFORE, IT IS AGREED:
| 1. | The Subscriber subscribes for and agrees to purchase from the Fund [ ] Shares for a purchase price of $[ ] per share. Subscriber agrees to make payment for these Shares at such time as demand for payment may be made by an officer of the Fund. |
| 2. | The Fund agrees to issue and sell said Shares to Subscriber promptly upon its receipt of the purchase price. |
| 3. | To induce the Fund to accept its subscription and issue the Shares subscribed for, the Subscriber: |
| a. | Represents and warrants that it has no present intention of selling or redeeming, (i) the Shares subscribed for under this Subscription Agreement or (ii) any additional Shares subscribed for in the future, to any party other than the Fund; and |
| 4. | This Subscription Agreement and all of its provisions shall be binding upon the legal representatives, heirs, successors and assigns of the parties hereto. |
| 5. | This Subscription Agreement is executed on behalf of the Fund by a Fund officer as an officer and not individually and the obligations imposed upon the Fund by this Subscription Agreement are not binding upon any of the Fund’s Trustees, officers or shareholders individually but are binding only upon the assets and property of the Fund. |
[Signature Page Follows]
IN WITNESS WHEREOF, this Subscription Agreement has been executed by the parties hereto as of the day and date first above written.
| XXXXX STRATEGIC INTERVAL FUND | ||
| By: | ||
| Name: | ||
| Title: | ||
| Somerset RE Ltd. | ||
| By: | ||
| Name: | ||
| Title: | ||
