SUBSCRIPTION AGREEMENT
October __, 1999
Ingenuity Capital Trust
00000 Xxxxxxx Xxxxx
Xxx Xxxxx, XX 00000
Ladies and Gentlemen:
Ingenuity Capital Trust (the "Trust") proposes to issue and sell to the
public its shares of beneficial interest without par value (the "Shares")
pursuant to a registration statement on Form N-1A (the "Registration Statement")
filed with the Securities and Exchange Commission. The Trust currently consists
of one series namely, The Medical Specialists Fund (the "Fund"). In order to
provide the Trust with $65,000 towards the minimum $100,000 net worth required
by Section 14 of the Investment Company Act of 1940, as amended, I hereby offer
to purchase 6,500 Shares of the Fund at a price of $10.00 per Share prior to the
effective date of the Registration Statement.
I will make payment for the Shares by delivery of a check for $65,000
payable to the order of the Trust or by wire transfer prior to the date
specified by the Trust as the proposed effective date of the Registration
Statement.
I represent and warrant to the Trust that the Shares are being acquired
by me for investment and not with a view to the resale or further distribution
thereof and that I have no present intention to redeem the Shares.
The name Ingenuity Capital Trust is the designation of the Trustees
under the Declaration of Trust dated July 20, 1999, as amended from time to
time. The Declaration of Trust has been filed with the Secretary of State of
Delaware. The obligations of the Trust are not personally binding upon, nor
shall resort be had to the private property of, any of the Trustees,
shareholders, officers, employees or agents of the Trust, but the Trust's
property only shall be bound.
Please confirm that the foregoing correctly sets forth the agreement
with the Trust.
Very truly yours,
---------------------------
Xxxxxxxx X. Xxx
Confirmed as of the date first above written.
INGENUITY CAPITAL TRUST
By _________________________________
Xxxxxxxx X. Xxx
President and Trustee
SUBSCRIPTION AGREEMENT
October __, 1999
Ingenuity Capital Trust
00000 Xxxxxxx Xxxxx
Xxx Xxxxx, XX 00000
Ladies and Gentlemen:
Ingenuity Capital Trust (the "Trust") proposes to issue and sell to the
public its shares of beneficial interest without par value (the "Shares")
pursuant to a registration statement on Form N-1A (the "Registration Statement")
filed with the Securities and Exchange Commission. The Trust currently consists
of one series namely, The Medical Specialists Fund (the "Fund"). In order to
provide the Trust with $25,000 towards the minimum $100,000 net worth required
by Section 14 of the Investment Company Act of 1940, as amended, I hereby offer
to purchase 2,500 Shares of the Fund at a price of $10.00 per Share prior to the
effective date of the Registration Statement.
I will make payment for the Shares by delivery of a check for $25,000
payable to the order of the Trust or by wire transfer prior to the date
specified by the Trust as the proposed effective date of the Registration
Statement.
I represent and warrant to the Trust that the Shares are being acquired
by me for investment and not with a view to the resale or further distribution
thereof and that I have no present intention to redeem the Shares.
The name Ingenuity Capital Trust is the designation of the Trustees
under the Declaration of Trust dated July 20, 1999, as amended from time to
time. The Declaration of Trust has been filed with the Secretary of State of
Delaware. The obligations of the Trust are not personally binding upon, nor
shall resort be had to the private property of, any of the Trustees,
shareholders, officers, employees or agents of the Trust, but the Trust's
property only shall be bound.
Please confirm that the foregoing correctly sets forth the agreement
with the Trust.
Very truly yours,
---------------------------
Xxxxxx X. Xxxx
Confirmed as of the date first above written.
INGENUITY CAPITAL TRUST
By _________________________________
Xxxxxxxx X. Xxx
President and Trustee
SUBSCRIPTION AGREEMENT
October __, 1999
Ingenuity Capital Trust
00000 Xxxxxxx Xxxxx
Xxx Xxxxx, XX 00000
Ladies and Gentlemen:
Ingenuity Capital Trust (the "Trust") proposes to issue and sell to the
public its shares of beneficial interest without par value (the "Shares")
pursuant to a registration statement on Form N-1A (the "Registration Statement")
filed with the Securities and Exchange Commission. The Trust currently consists
of one series namely, The Medical Specialists Fund (the "Fund"). In order to
provide the Trust with $10,000 towards the minimum $100,000 net worth required
by Section 14 of the Investment Company Act of 1940, as amended, I hereby offer
to purchase 1,000 Shares of the Fund at a price of $10.00 per Share prior to the
effective date of the Registration Statement.
I will make payment for the Shares by delivery of a check for $10,000
payable to the order of the Trust or by wire transfer prior to the date
specified by the Trust as the proposed effective date of the Registration
Statement.
I represent and warrant to the Trust that the Shares are being acquired
by me for investment and not with a view to the resale or further distribution
thereof and that I have no present intention to redeem the Shares.
The name Ingenuity Capital Trust is the designation of the Trustees
under the Declaration of Trust dated July 20, 1999, as amended from time to
time. The Declaration of Trust has been filed with the Secretary of State of
Delaware. The obligations of the Trust are not personally binding upon, nor
shall resort be had to the private property of, any of the Trustees,
shareholders, officers, employees or agents of the Trust, but the Trust's
property only shall be bound.
Please confirm that the foregoing correctly sets forth the agreement
with the Trust.
Very truly yours,
---------------------------
Xxxxxxx X. Xxxxxxxx
Confirmed as of the date first above written.
INGENUITY CAPITAL TRUST
By _________________________________
Xxxxxxxx X. Xxx
President and Trustee
