EXHIBIT (l)
Subscription Agreement of Xxxxxxx X. Xxxxx
September 19, 2003
Exhibit 99.(l)
SUBSCRIPTION FOR THE PURCHASE OF
SHARES OF BENEFICIAL INTEREST
OF THE XXXXX BALANCED FUND,
A SERIES OF THE XXXXX FUNDS
September 19, 2003
TO: The Xxxxx Funds
0000 Xxxxx 000 Xxxxxx
Xxxxx 000
Xxxxx, Xxxxxxxx 00000-0000
Dear Sirs:
The undersigned hereby subscribes to purchase ten thousand shares of
beneficial interest of The Xxxxx Balanced Fund, the initial series of shares of
The Xxxxx Funds, at a price of $10.00 per share, and agrees to pay therefor upon
demand in cash the amount of $100,000. I hereby acknowledge that such shares are
being issued in accordance with Section 14 of the Investment Company Act of 1940
and that my purchase is being made for investment purposes.
Very truly yours,
Xxxxxxx X. Xxxxx
/s/ Xxxxxxx X. Xxxxx
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THE XXXXX FUNDS
0000 XXXXX 000 XXXXXX, XXXXX 000
XXXXX, XXXXXXXX 00000-0000
September 19, 2003
Xx. Xxxxxxx X. Xxxxx
c/o Xxxxxxx X. Xxxxx & Co., Inc.
0000 Xxxxx 000 Xxxxxx, Xxxxx 000
Xxxxx, Xxxxxxxx 00000-0000
Dear Sir:
The Xxxxx Funds (the "Trust"), on behalf of its initial series of shares,
The Xxxxx Balanced Fund (the "Fund"), hereby accepts your offer to purchase ten
thousand shares of the Fund at a price of $10.00 per share for an aggregate
purchase price of $100,000. You have acknowledged to us in writing that such
shares are being issued to you in accordance with Section 14 of the Investment
Company Act of 1940 and that your purchase is being made for investment
purposes.
Sincerely,
/s/ Xxxx X. Xxxxxxxx
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The Xxxxx Funds
Xxxx X. Xxxxxxxx
Vice President and Secretary
Accepted by: Xxxxxxx X. Xxxxx
/s/ Xxxxxxx X. Xxxxx
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