EXHIBIT (l)(iii)
XXXXXXXXX GLOBAL FUNDS
FORM OF SUBSCRIPTION AGREEMENT
1. Share Subscription. The undersigned hereby agrees to purchase from
Xxxxxxxxx Global Funds (the "Trust"), which is a series type mutual fund, [100]
Class A shares of beneficial interest, [100] Class B shares of beneficial
interest and [100] Class C shares of beneficial interest of the Xxxxxxxxx U.S.
Core Growth Fund (the "Fund") (each a "Share" and collectively the "Shares") at
a purchase price of $10.00 per share, on the terms and conditions set forth
herein and in the preliminary Prospectus described below. The undersigned hereby
tenders [$3,000] for the aggregate purchase price of the Shares.
The undersigned understands that the Fund has filed a post-effective
amendment to the Registration Statement (No. 333-62270) on Form N-1A with the
Securities and Exchange Commission, which contains the preliminary Prospectus
describing the Trust, the Fund and the Shares. By its signature hereto, the
undersigned hereby acknowledges receipt of a copy of the preliminary Prospectus.
The undersigned recognizes that the Fund will not be fully operational
until such time as it commences the offering of its Shares. Accordingly, a
number of features of the Fund described in the preliminary Prospectus,
including, without limitation, the declaration and payment of dividends and
redemptions of Shares upon request of shareholders, are not, in fact, in
existence at the present time and will not be instituted until the Trust's
post-effective amendment to the Registration Statement on Form N-1A is
effective.
2. Representations and Warranties. The undersigned hereby represents
and warrants as follows:
a. It is aware that no federal or state agency has made any
findings or determination as to the fairness for investment, nor any
recommendations or endorsement, of the Shares;
b. It has such knowledge and experience of financial and business
matters as will enable it to utilize the information made available to it, in
connection with the offering of the Shares, to evaluate the merits and risks of
the prospective investment and to make an informed investment decision;
c. It recognizes that the Fund has only recently been organized
and has no financial or operating history and, further, that investment in the
Fund involves certain risks, and it has taken full cognizance of and understands
all of the risks related to the purchase of the Shares, and it acknowledges that
it has suitable financial resources and anticipated income to bear the economic
risk of such an investment;
d. It is purchasing the Shares for its own account, for
investment, and not with any intention of redemption, distribution, or resale of
the Shares, either in whole or in part;
e. It will not sell the Shares purchased by it without
registration of the Shares under the Securities Act of 1933 or exemption
therefrom;
f. It has been furnished with, and has carefully read, this
Agreement and the preliminary Prospectus and such material documents relating to
the Trust and the Fund as it has requested and as have been provided to it by
the Trust; and
g. It has also had the opportunity to ask questions of, and
receive answers from, the Trust concerning the Trust and the Fund and the terms
of the offering.
IN WITNESS WHEREOF, the undersigned has executed this instrument as of
____________, 2004.
XXXXXXXXX GLOBAL INVESTORS (NORTH AMERICA) INC.
_______________________________________________
Name:__________________________________________
Title:_________________________________________
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