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EXHIBIT 13
PURCHASE AGREEMENT
INTRUST FUNDS Trust, a Delaware business trust (the "Trust"), and BISYS
Fund Services (the "Distributor"), hereby agree as follows:
1. The Trust hereby offers the Distributor and the Distributor hereby
purchases the following shares, par value $.001 per share, of each portfolio
("Fund") of the Trust; 10,000 shares representing shares in Institutional of
Service Class of Cash Reserve Money Market Fund at $1.00 per share; 10,000
shares representing shares in Institutional Premium Class of Cash Reserve Money
Market Fund at $1.00 per share; 800 shares in Institutional Service Class of
Kansas Tax Exempt Bond Fund at $10.00 per share; 800 shares in Institutional
Premium Class of Kansas Tax Exempt Bond Fund at $10.00 per share; 800 shares
representing shares in Institutional Service Class of Short Term High Quality
Fund at $10.00 per share; 800 shares representing shares in Institutional
Premium Class of Short Term High Quality Fund at $10.00 per share; 800 shares
representing shares in Institutional Service Class of Intermediate Bond Fund at
$10.00 per share; 800 shares representing shares in Institutional Premium Class
of Intermediate Bond Income Fund at $10.00 per share; 800 shares representing
shares in Institutional Service Class of Stock Appreciation Fund at $10.00 per
share; 800 shares representing shares in Institutional Premium Class of Stock
Appreciation Fund at $10.00 per share; 800 shares representing shares in
Institutional Service Class of International Multi-Manager Fund at $10.00 per
share; and 800 shares representing shares in Institutional Premium Class of
International Multi-Manager Fund at $10.00 per share. The Distributor hereby
acknowledges receipt of a purchase confirmation reflecting the purchase of the
Shares and the Trust hereby acknowledges receipt from the Distributor of funds
in the amount of $100,000 in full payment for the shares.
2. The Distributor represents and warrants to the Trust that the Shares
are being acquired for investment purposes and not with a view to the
distribution thereof.
3. The Distributor agrees that if it or any direct or indirect
transferee of the Shares redeems the Shares prior to the fifth anniversary of
the date the Trust begins its investment activities, the Distributor will pay
to the Trust an amount equal to the number resulting from multiplying each
Fund's total unamortized organizational expenses by a fraction, the numerator
of which is equal to the number of Shares redeemed by the Distributor or such
transferee and the denominator of which is equal to the number of shares of
each Fund outstanding as of the date of such redemption, as long as the
administrative position of the staff of the Securities and Exchange Commission
requires such reimbursement.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the 25th day of November, 1996.
INTRUST FUNDS TRUST
Attest:
------------------ By:
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Name:
Title:
BISYS FUND SERVICES
Attest:
------------------ By:
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Name:
Title:
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