[Xxxxxx Xxxxx Funds Family Letterhead]
June 15, 1994
Xxx. Xxxxxxxxx X. Xxxxx
as Trustee for the Xxxxxxxxx X. Xxxxx
Declaration of Trust dated 9/00/00
000 Xxxxxxx Xxxx
Xxxxxxxxx, XX 00000
Dear Xx. Xxxxx:
Lord Asset Management Trust (the "Trust") hereby accepts your offer to
purchase 10,000 shares of Xxxxxx Xxxxx World Fund at a price of $10.00 per share
for an aggregate purchase price of $100,000. This agreement is subject to the
understanding that you have no present intention of selling or redeeming the
shares so acquired.
Any redemption of these shares by you will be reduced by a pro rata portion
of any then unamortized organization expenses of the Trust. This proration will
be calculated by dividing the number of shares to be redeemed by the aggregate
number of shares held which represent the initial capital of the Trust.
Sincerely,
/s/ Xxxxxx X. Xxxxxxxx
Lord Asset Management Trust
Xxxxxx X. Xxxxxxxx
Executive Vice President
Accepted: /s/ Xxxxxxxxx X. Xxxxx, as Trustee
Xxxxxxxxx X. Xxxxx as Trustee for the Xxxxxxxxx X. Xxxxx
Declaration of Trust dated 9/18/85
