EXHIBIT (l)(3)
PURCHASE AGREEMENT
The Glenmede Fund, Inc., a Maryland corporation (the "Company") and The
Glenmede Trust Company, a Pennsylvania trust Company ("Glenmede Trust"), hereby
agree with each other as follows:
1. The Company hereby offers Glenmede Trust and Glenmede Trust hereby
purchases one share (the "Share") of the Company's Small Capitalization Growth
Portfolio for $____ per share. The Company hereby acknowledges receipt from
Glenmede Trust of funds in the total amount of $____ in full payment for such
Share.
2. Glenmede Trust represents and warrants to the Company that the Share
is being acquired for investment purposes and not with a view to the
distribution thereof.
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the
parties hereto have executed this Agreement as of the ____ day of
___________________, 1999.
THE GLENMEDE FUND, INC.
ATTEST:
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By: By:
Title: Title:
THE GLENMEDE TRUST COMPANY
ATTEST:
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By: By:
Title: Title:
