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Exhibit (l)(12)
PURCHASE AGREEMENT
The ARCH Fund, Inc. (the "Fund"), a Maryland corporation with
transferable shares, and BISYS Fund Services Ohio, Inc. ("BISYS Ohio"), an Ohio
corporation, hereby agree with each other as follows:
1. The Fund hereby offers BISYS Ohio and BISYS Ohio hereby
purchases ten (10) shares of Class T common stock representing interests in the
Conning Money Market Portfolio (the "Portfolio") at a price of $1.00 per share
(such shares of common stock in the Portfolio being hereinafter known as the
"Shares"). BISYS Ohio hereby acknowledges the purchase of the Shares and the
Fund hereby acknowledges receipt from BISYS Ohio of funds in the amount of
$10.00 in full payment for the Shares.
2. BISYS Ohio 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 WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the 11th day of February, 1999.
THE ARCH FUND, INC.
By: /s/ Xxxxx X. Xxxxxxx
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Title: President
BISYS FUND SERVICES OHIO, INC.
By: /s/ J. Xxxxx Xxxxx
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Title: President
