INITIAL CAPITAL AGREEMENT
September 14, 2020
XXXX Funds
000 Xxxxxx Xxxxxx, Xxxxx 000
Xxx Xxxxxx, XX 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 10,000 Shares of Beneficial Interest, no par value, of Class I Shares of the XXXX Small Cap Fund, a series of XXXX Funds, a Delaware statutory trust, at $10.00 per share for an aggregate purchase price of $100,000. By signing below, payment in full is confirmed.
The undersigned represents and agrees that it is purchasing these Shares for investment purposes, for its own account and risk and not with a view to any sale, division or other distribution thereof within the meaning of the Securities Act of 1933, nor with any present intention of distributing or selling such shares.
| Very truly yours, | |||
| XXXX Investment Management, LLC | |||
| By: | /s/ X X Xxxxxx | ||
| Name: | X X Xxxxxx | ||
| Title: | Chief Executive Officer | ||
| Confirmed and Accepted: | ||
| XXXX Funds | ||
| By: | /s/ Xxxxx Job | |
| Name: | Xxxxx Job | |
| Title: | President | |
