PURCHASE AGREEMENT
The Glenmede Portfolios (the "Portfolios"), a Massachusetts business
trust, and The Glenmede Trust Company ("Glenmede Trust"), a Pennsylvania trust
company, hereby agree with each other as follows:
1. The Portfolios hereby offers Glenmede Trust and Glenmede Trust
hereby purchases one share each (the "Share") of the Portfolios'
New Jersey Muni Portfolio and Maryland Muni Portfolio for $10.00
per share. The Portfolios hereby acknowledges receipt from
Glenmede Trust of funds in the total amount of $10.00 in full
payment for each Share.
2. Glenmede Trust represents and warrants to the Portfolios that the
Shares 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 1st day of November,
1993.
THE GLENMEDE PORTFOLIOS
ATTEST:
/s/ Xxxxxx X. Xxxxxx By:/s/ Xxxx Xxx X. Xxxxx
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Its: Vice President Its: Exec. Vice President
THE GLENMEDE TRUST COMPANY
ATTEST:
/s/ Xxxxxx X. Xxxxxx By:/s/ Xxxx X. Xxxxxx, Xx.
------------------------------ ---------------------------------
Its: Vice President Its: Senior Vice President
