INITIAL CAPITAL AGREEMENT
December 4, 2006
Board of Trustees of
Guerite Funds
000 Xxxxxxxxx Xxxxxx Xxxxx, Xxxxx 000
Xxxxxxxxxx, Xxxxx Xxxxxxxx 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 10,000 Shares of Beneficial Interest,
no par value, of the Guerite Absolute Return Fund, a series of Guerite Funds, an
Ohio business trust, at $10.00 per share for an aggregate purchase price of
$100,000. 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,
Guerite Capital Partners LLC
By: /s/ Xxxxxxx Xxxxxx Xxxx
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Its: Manager
Confirmed and Accepted:
GUERITE FUNDS
By: /s/ Xxxx Xxxxxxx Xxxxx
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Its: President
