SUBSCRIPTION AGREEMENT
Exhibit 99.(l)
Leuthold Funds, Inc.
000 Xxxxx Xxxxx Xxxxxx
Xxxxx 000X
Xxxxxxxxxxx, Xxxxxxxxx 00000
Ladies and Gentlemen:
The undersigned hereby subscribes to 10,000 shares of Class A Common Stock (Leuthold Asset Allocation Fund), $0.0001 par value per share, of Xxxxxxxx Funds, Inc., in consideration for which the undersigned agrees to transfer to you upon demand cash in the amount of $100,000.
It is understood that a certificate or certificates representing the shares subscribed for shall be issued to the undersigned upon request at any time after receipt by you of payment therefor, and that said shares shall be deemed to be fully paid and nonassessable.
The undersigned agrees that the shares are being purchased for investment with no present intention of reselling or redeeming said shares.
Dated and effective as of this 20th day of October, 1995.
XXXXXX X. XXXXXXXX FAMILY FOUNDATION
| /s/ Xxxxxx X. Xxxxxxxx | |
| Xxxxxx X. Xxxxxxxx, Trustee |
ACCEPTANCE
The foregoing subscription is hereby accepted. Dated and effective as of this 20th day of October, 1995.
| By: | /s/ Xxxxxx X. Xxxxxxxx | |
| Xxxxxx X. Xxxxxxxx, President | ||
| (CORPORATE SEAL) | ||
| Attest: | /s/ Xxxxx X. Xxxxxx | |
| Xxxxx X. Xxxxxx, Vice President and Secretary | ||
