INITIAL CAPITAL AGREEMENT
May __, 2005
Board of Trustees of
Church Capital Investment Trust
000 Xxxxxx Xxxxxx Xxxx, Xxxxx 000X
Xxxxxxx, Xxxxxxxxxxxx 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for: (i) 9,000 Shares of Beneficial
Interest, no par value, of the Church Capital Value Trust, a series of Church
Capital Investment Trust, at $10.00 per share for an aggregate purchase price of
$90,000; and (ii) 10,000 Shares of Beneficial Interest, no par value, of the
Church Capital Money Market Fund, a series of Church Capital Investment Trust,
at $1.00 per share for an aggregate purchase price of $10,000. Our 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.
Very truly yours,
CHURCH CAPITAL MANAGEMENT, LLC
By:
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Confirmed and Accepted:
Church Capital Investment Trust
By:
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