INITIAL CAPITAL AGREEMENT
April 18, 2005
Board of Trustees of
The Destination Funds
Three Ygnacio Center
0000 Xxxxx Xxxx Xxxxxx, Xxxxx 000
Xxxxxx Xxxxx, Xxxxxxxxxx 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 10,000 Shares of Beneficial Interest,
no par value, of the Destination Select Equity Fund, a series of The Destination
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,
YCMNET Advisors, Inc.
By: /s/ Xxxxxxx X. Xxxxxxxxx
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Confirmed and Accepted:
THE DESTINATION FUNDS
By: /s/ Xxxxxxx X. Xxxxxxxxx
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