Exhibit (l)(28)
PURCHASE AGREEMENT
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AGREEMENT dated this 5th day of March 2001, by and between Armada Funds
(the "Trust"), a Massachusetts business trust, and SEI Investments Distribution
Co. ("SEI"), a Massachusetts corporation.
1. The Trust hereby offers SEI and SEI hereby purchases $100 worth of
beneficial interest (no par value per share) representing interests in each of
the Trust's Aggressive Allocation Fund I Shares, Aggressive Allocation Fund A
Shares, Aggressive Allocation Fund B Shares, Aggressive Allocation Fund C
Shares, Conservative Allocation Fund I Shares, Conservative Allocation Fund A
Shares, Conservative Allocation Fund B Shares, Conservative Allocation Fund C
Shares (collectively known as "Shares").
2. SEI hereby acknowledges receipt of $100 worth of Shares of each of
the above Funds. The Trust hereby acknowledges receipt from SEI of funds in the
amount $100 (as indicated above) for each such Fund Shares.
3. SEI represents and warrants to the Trust that the Shares are being
acquired for investment purposes and not with a view to the distribution
thereof.
4. The names "Armada Funds" and "Trustees of Armada Funds" refer
respectively to the Trust created and the Trustees, as trustees but not
individually or personally, acting from time to time under a Declaration of
Trust dated as of January 28, 1986 which is hereby referred to and a copy of
which is on file at the office of the State Secretary of the Commonwealth of
Massachusetts and at the principal office of the Trust. The obligations of
"Armada Funds" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are made not individually, but in such
capacities, and are not binding upon any of the Trustees, Shareholders or
representatives of the Trust personally, but bind only the Trust Property, and
all persons dealing with any class of shares of the Trust must look solely to
the Trust Property belonging to such class for the enforcement of any claims
against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the 5th day of March 2001.
Attest: ARMADA FUNDS
/s/ Xxxx X. Xxxxx By: /s/ Xxxxxxx X. Xxxxxxx, Xx.
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Xxxxxxx X. Xxxxxxx, Xx., President
Attest: SEI INVESTMENTS DISTRIBUTION CO.
/s/ Xxxxxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Title: Vice President
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