PURCHASE AGREEMENT
Daily Income Fund (the “Fund”), a Massachusetts business trust, and Xxxxx & Xxxx Distributors, Inc. (the “Distributor”), a Delaware corporation, hereby agree with each other as follows:
| 1. | The Fund hereby offers the Distributor and the Distributor hereby purchases one share of the Liquidity Class Shares of the RNT Natixis Liquid Prime Portfolio of the Fund at $1.00 per share (collectively, the “Shares”). The Fund hereby acknowledges receipt from the Distributor of funds in the total amount of $2.00 in full payment for the Shares. |
| 2. | The Distributor represents and warrants to the Fund that the Shares are being acquired for investment purposes and not with a view to the distribution thereof. |
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Agreement as of the 16 day of September, 2010.
| DAILY INCOME FUND, on behalf of the RNT Natixis Liquid Prime Portfolio | ||
| By: | /s/ Xxxxxxx Xxxxx | |
| Name: Xxxxxxx Xxxxx | ||
| Title: Trustee | ||
| XXXXX & TANG DISTRIBUTORS, INC. | ||
| By: | /s/ Xxxxxxx Xx Xxxxxxx | |
| Name: Xxxxxxx Xx Xxxxxxx | ||
| Title: Executive Vice President, Chief Financial Officer and Chief Operating Officer | ||
