exhibit l
PURCHASE AGREEMENT
Credit Suisse Commodity Return Strategy Fund (the "Fund"), a
business trust organized under the laws of the State of Delaware, and Credit
Suisse Asset Management, LLC ("CSAM") hereby agree as follows:
1. The Fund offers CSAM and CSAM hereby purchases 10,000
shares of beneficial interest of the Fund, which shall consist of 9,999 Class A
Shares and one Class C Share, each having a par value of $.001 per share (the
"Shares"), at a price of $10.00 per Share (the "Initial Shares"), the Fund
agreeing to waive the initial sales charge and any contingent deferred sales
charge on such purchase. CSAM hereby acknowledges receipt of certificates
representing the Initial Shares and the Fund hereby acknowledges receipt from
CSAM of $100,000.00 in full payment for the Initial Shares.
2. CSAM represents and warrants to the Fund that the Initial
Shares are being acquired for investment purposes and not for the purpose of
distributing them.
3. CSAM agrees that if any holder of the Initial Shares
redeems such Shares in the Fund before one year after the date upon which the
Fund commences its investment activities, the redemption proceeds will be
reduced by the amount of unamortized organizational and offering expenses, in
the same proportion as the Initial Shares being redeemed bears to the Initial
Shares outstanding at the time of redemption. The parties hereby acknowledge
that any Shares acquired by CSAM other than the Initial Shares have not been
acquired to fulfill the requirements of Section 14 of the Investment Company Act
of 1940, as amended, and, if redeemed, their redemption proceeds will not be
subject to reduction based on the unamortized organizational and offering
expenses of the Fund.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the __ day of ___________, 2004.
CREDIT SUISSE COMMODITY RETURN
STRATEGY FUND
By:
--------------------------------------
Name: Xxx Xxxxxx
Title: Vice President
ATTEST:
---------------------
CREDIT SUISSE ASSET MANAGEMENT, LLC
By:
--------------------------------------
Name: Xxx Xxxxxx
Title: Managing Director and General
Counsel
ATTEST:
---------------------
