FaithShares Advisors, LLC 3555 Northwest 58th Street, Suite 410 Oklahoma City, Oklahoma, 73112
Exhibit 99.L
FaithShares Advisors, LLC
0000 Xxxxxxxxx 00xx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, Xxxxxxxx, 00000
0000 Xxxxxxxxx 00xx Xxxxxx, Xxxxx 000
Xxxxxxxx Xxxx, Xxxxxxxx, 00000
November 30, 2009
| Re: | Seed Capital Subscription Agreement |
Ladies and Gentlemen:
FaithShares Advisors, LLC serves as the investment advisor to FaithShares Trust (the “Trust”). We
propose to acquire shares of beneficial interest (the “Shares”) of the Trust for an aggregate price
of $100,000, as follows:
| Number of | Price per | Aggregate | ||||||||||
| Fund | Shares | Share | Price | |||||||||
Catholic Values Fund |
1,360 | $ | 25.00 | $ | 34,000 | |||||||
Christian Values Fund |
1,320 | $ | 25.00 | $ | 33,000 | |||||||
Methodist Values Fund |
1,320 | $ | 25.00 | $ | 33,000 | |||||||
We do not propose to acquire at this time shares of beneficial interest of the Baptist Values Fund
or the Lutheran Values Fund because those two Funds are expected to commence the public offering of
their shares at a later date.
We will purchase the Shares in a private offering prior to the effective date of the Form N-1A
registration statement filed by the Trust under the Securities Act of 1933 and the Investment
Company Act of 1940. We will purchase the Shares for investment purposes and not with the intent
of redeeming or reselling. We will purchase the Shares pursuant to Section 14 of the Investment
Company Act of 1940 in order to provide the seed capital for the Trust prior to the commencement of
the public offering of its Shares.
We consent to the filing of this letter as an exhibit to the Form N-1A registration statement of
the Trust.
If you agree to these terms, please acknowledge your agreement and acceptance below.
Sincerely,
/s/ Xxxxxxxx X. Xxxxxxxx, Xx.
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Title: President |
Agreed and accepted as of November 30, 2009:
/s/ J. Xxxxxxx Xxxxxxx
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Title: Chief Executive Officer |
