DLJ Investment Management Corp.
000 Xxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
July __, 1999
DLJdirect Mutual Funds
000 Xxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
DLJ Investment Management Corp. (the "Adviser") hereby offers
and agrees to purchase with respect to DLJdirect Technology Fund -- 5000 shares
of common stock, and with respect to DLJdirect Growth Fund -- 5000 shares of
common stock (the "Shares") at a price of $10.00 per share for an aggregate
purchase price of $100,000. The Adviser acknowledges that the Shares are being
purchased for the Adviser's own account and for investment purposes only and
will be sold only pursuant to a registration statement declared effective under
the Securities Act of 1933, as amended, or an exemption therefrom.
Sincerely,
DLJ INVESTMENT MANAGEMENT
CORP.
By: _____________________
Name:
Title:
DLJdirect Mutual Funds hereby accepts the Adviser's offer to
purchase the Shares at a price of $10.00 per Share for an aggregate purchase
price of $100,000.
DLJdirect MUTUAL FUNDS
By: _________________________
Name:
Title:
