INITIAL CAPITAL AGREEMENT
August 16, 2012
000 Xxxxxxxx Xxxxx
Xxxxx 000
Xxxxxxxxxx, Xxxx 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 10,000 Shares of Beneficial Interest, no par value, of First Western Fixed Income Fund, a series of The First Western Funds Trust, an Ohio business trust, at $10.00 per share for a 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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| First Western Capital Management | |||
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By:
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/s/ Xxxxxx X. Xxxxx | ||
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Its:
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President
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Confirmed and Accepted:
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By:
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/s/ Xxxxxx X. Xxxxx | |
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Its:
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President
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