1
EXHIBIT NO. (13)(c)
PURCHASE AGREEMENT
2
EXHIBIT (13)(c)
PURCHASE AGREEMENT
Schwab Capital Trust (the "Trust"), a Massachusetts business trust, and
Xxxxxxx Xxxxxx & Co., Inc. ("Schwab"), a California corporation, hereby agree on
the 22nd day of September, 1995 as follows:
1. The Trust hereby offers and Schwab hereby purchases 100 units of
beneficial interest of each of Series C, D, and E representing interests in the
series of shares known as Schwab Asset Director-High Growth Fund, Schwab Asset
Director-Balanced Growth Fund, and Schwab Asset Director-Conservative Growth
Fund, respectively, (such 100 units of beneficial interest being hereafter
collectively known as "Shares") at a price of $10.00 per Share. Schwab hereby
acknowledges purchase of the Shares and the Trust hereby acknowledges receipt
from Schwab of funds in the amount of $3,000 in full payment for the Shares. It
is further agreed that no certificate for the Shares will be issued by the
Trust.
2. Schwab represents and warrants to the Trust that the Shares are
being acquired for investment purposes and not with a view to the distribution
thereof.
3. The names "Schwab Capital Trust" and "Trustees of Schwab Capital
Trust" refer, respectively to the Trust created and the Trustees as Trustees but
not individually or personally, acting from time to time under an Agreement and
Declaration of Trust dated as of May 6, 1993, to which reference is hereby made
and a copy of which is on file at the Office of the Secretary of State of the
Commonwealth of Massachusetts and elsewhere as required by law, and to any and
all amendments thereto so filed or hereafter filed. The obligations of "Xxxxxx
Capital Trust" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are not made individually, but only in such
capacities, and are not binding upon any of the
-1 of 2-
3
Trustees, Shareholders or representatives of the Trust personally, but bind only
the assets of the Trust, and all persons dealing with any series of Shares of
the Trust must look solely to the assets for the Trust belonging to such series
for the enforcement of any claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed day and year first written above.
Attest: SCHWAB CAPITAL TRUST
Xxxxxxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxx
----------------- ------------------------------
Name: Xxxxxxx X. Xxxx
Title: Senior Vice President
and Chief Investment
Officer
Attest: XXXXXXX XXXXXX & CO., INC.
Xxxxxxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxxx
----------------- ------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Senior Vice President
-2 of 2-
