Exhibit 13
PURCHASE AGREEMENT
Addison Capital Shares, Inc. (The "Fund"), a Maryland corporation, and
Xxxxxx Xxxxxxxxxx Xxxxx Inc. ("Janney"), a Delaware corporation, hereby agree
with each other as follows:
1. The Fund hereby offers Janney and Janney hereby purchases 7,844
shares of Class A Common Stock ($.001 par value per share) of the Fund at a
price of $12.75 per share (the "initial shares") and the Fund hereby
acknowledges receipt from Janney of funds in the amount of $100,011 in full
payment for the initial shares. It is agreed that no certificates for the
initial shares will be issued by the Fund.
2. Janney represents and warrants to the Fund that the initial 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 2nd day of September, 1986.
(SEAL) ADDISON CAPITAL SHARES, INC.
Attest:
/s/ Xxxxxxxxx Xxxxxxx By: /s/ Xxxxxxx Xxxxxx
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Secretary Treasurer
(SEAL) XXXXXX XXXXXXXXXX XXXXX INC.
Attest:
/s/ X. Xxxxxxx X'Xxxxxx By: /s/ Xxxxx Xxxxx, Xx.
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Secretary Co-Chairman of the Board of
Directors
