Exhibit 13
INVESTMENT AGREEMENT
The Primary Trend Fund, Inc.
First Financial Centre
000 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxx, XX 00000
Gentlemen:
The undersigned hereby subscribes to 10,000 shares of the Common
Stock, $.01 par value of The Primary Trend Fund, Inc., and agrees to pay
to said corporation the sum of $100,000 in cash.
It is understood that upon acceptance hereof by said corporation
a certificate or certificates representing the shares subscribed for shall
be issued to the undersigned and that said shares shall be deemed to be
fully paid and nonassessable except for the statutory liability imposed by
Section 180.40(6) of the Wisconsin Statutes.
The undersigned agrees that the shares are being purchased for
investment with no present intention of reselling or redeeming said
shares.
Dated and effective as of this 26th day of August, 1986.
XXXXXX INVESTMENT COUNSEL INCORPORATED
By: /s/ Xxxxx X. Xxxxxx
Xxxxx X. Xxxxxx, President
Attest: /s/ Xxxxx Xxxx
Xxxxx Xxxx, Secretary
The foregoing subscription is hereby accepted. Dated and
effective as of this 26th day of August, 1986.
THE PRIMARY TREND FUND, INC.
By: /s/ Xxxxx X. Xxxxxx, Xx.
Xxxxx X. Xxxxxx, Xx.,
[CORPORATE SEAL] President
Attest: /s/ Xxxxx X. Xxxxxxxx
