PURCHASE AGREEMENT
Forward Funds, Inc. (the "Corporation"), organized and existing under the laws
of the State of Maryland, on behalf of The Equity Fund, The Global Bond Fund,
The International Equity Fund and The Small Capitalization Stock Fund (together,
the "Funds" and each a "Fund') and Xxxxxx Place Management Co., Inc. (the
"Purchaser") hereby agrees as follows:
1. The Corporation hereby offers to the Purchaser and
the Purchaser hereby agrees to purchase one (1) share
of each Fund at $1.00 per share, each share with a
par value of $.0001 (hereafter "Shares"). The Shares
are the "initial shares" of the Funds. The Purchaser
hereby acknowledges receipt of a purchase
confirmation reflecting the purchase of the Shares,
and the Corporation hereby acknowledges receipt from
the Purchaser of funds in the aggregate amount of
forty dollars ($40.00) in full payment for the
Shares.
2. The Purchaser represents and warrants to the
Corporation that the Shares are being acquired for
investment purposes and not for the purpose of
distribution.
3. The Corporation represents that a copy of its
Articles of Incorporation are on file at the office
of the State Department of Assessments and Taxation
of the State of Maryland.
4. This Agreement has been executed on behalf of the
Corporation by the undersigned officer of the
Corporation in his capacity as an officer of the
Corporation. The obligations of this Agreement shall
be binding only upon the assets and property of the
Funds and shall not be binding upon any individual
Director, officer or shareholder of the Fund or the
Corporation.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the _________ day of __________, 1998.
Attest: XXXXXX PLACE MANAGEMENT CO., INC.
______________________ By: _____________________________
Name: _____________________________
Title: _____________________________
Attest: FORWARD FUNDS, INC.
______________________ By: _____________________________
Name: _____________________________
Title: _____________________________
