Exhibit 13
PURCHASE AGREEMENT
Xxxxxxx Fund, Inc., a Maryland corporation (the "Company"), and Xxxxxx
Xxxx Incorporated, a Delaware corporation (the "Distributor"), hereby agree as
follows:
1. The Company hereby offers the Distributor and the Distributor
hereby purchases 5,000 shares of Class A (par value $.001 per share) of the
Company, representing 5,000 shares in the Equity Portfolio and 5,000 shares of
Class B (par value $.001 per share) of the Company, representing 5,000 shares in
the Fixed Income Portfolio, at $10.00 per share, (the "Shares"). The Distributor
hereby acknowledges receipt of a purchase confirmation reflecting the purchase
of the Shares, and the Company hereby acknowledges receipt from the Distributor
of funds in the amount of $100,000 in full payment for the Shares.
2. The Distributor represents and warrants to the Company that the
Shares are being acquired for investment purposes and not with a view to the
distribution thereof.
3. The Distributor agrees that if it or any direct or indirect
transferee of the Shares redeems the Shares prior to the fifth anniversary of
the date the Funds begins its investment activities, the Distributor will pay to
the Company an amount equal to the number resulting from multiplying each Fund's
total unamortized organizational expenses by a fraction, the numerator of which
is equal to the number of Shares redeemed by the Distributor or such transferee
and the denominator of which is equal to the number of shares of each Fund
outstanding as of the date of such redemption, as long as the administrative
position of the staff of the Securities and Exchange Commission requires such
reimbursement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the 23rd day of September, 1993.
XXXXXXX FUND, INC.
Attest:
/s/Xxxxxx Xxxxxxxxx /s/Xxxx X. Xxxxxxx
---------------------------- By:---------------------------------------------
Name: Xxxxxx Xxxxxxxxx Name: Xxxx X. Xxxxxxx
Title: Treasurer
XXXXXX XXXX INCORPORATED
Attest:
/s/Xxxxxx Xxxxxxxxx /s/Xxxxxx X. Xxxxxxxx
---------------------------- By:---------------------------------------------
Name: Xxxxxx Xxxxxxxxx Name: Xxxxxx X. Xxxxxxxx
Title: Director - Fund Services
