INITIAL CAPITAL AGREEMENT
July 22, 2014
Xxxxx Xxxxx & Xxxxxxx Mutual Fund Trust
000 Xxxxxxxx Xxxxx
Xxxxx 000
Xxxxxxxxxx, Xxxx 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 5,000 Shares of Beneficial Interest, no par value, of Xxxxx Xxxxx & Xxxxxxx Income and Appreciation Fund and 5,000 Shares of Beneficial Interest, no par value, of Xxxxx Xxxxx & Xxxxxxx Fixed Income Fund, each a series of Xxxxx Xxxxx & Xxxxxxx Mutual Fund Trust, an Ohio business 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.
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Very truly yours,
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By:
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/s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
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By:
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/s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
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Confirmed and Accepted:
Xxxxx Xxxxx & Xxxxxxx Mutual Fund Trust
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By:
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/s/ Xxxxx Xxxxx
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Its:
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President
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