EXHIBIT 13(a)(iii)
FORM OF PURCHASE AGREEMENT
The HT Insight Funds, Inc. d/b/a Xxxxxx Insight Funds (the "Company"),
a Maryland Corporation, on behalf of its Xxxxxx Insight Hemisphere Free Trade
Fund (the "Fund"), and Funds Distributor, Inc. ("Funds Distributor"), a
Massachusetts Corporation, hereby agree as follows:
1. The Company hereby offers Funds Distributor and Funds Distributor hereby
purchases one (1) share of each of Class A and Class B Shares of the Fund
(par value $.001 per Share) at $10.00 per share (hereafter "Shares"). Funds
Distributor hereby acknowledges receipt of a purchase confirmation
reflecting the purchase of one (1) Share of each of the classes of Shares,
and the Company hereby acknowledges receipt from Funds Distributor of funds
in the amount of $20.00 in full payment for the Shares.
2. Funds Distributor represents and warrants to the Company that the Share is
being acquired for investment purposes and not with a view to the
distribution thereof.
3. Funds Distributor agrees that if it or any direct or indirect transferee
of the Shares redeems the Shares prior to the fifth anniversary of the date
the Company begins its investment activities, Funds Distributor will pay to
the Company an amount equal to the number resulting from multiplying the
Company's total unamortized organizational expenses by a fraction, the
numerator of which is equal to the number of Shares redeemed by Funds
Distributor or such transferee and the denominator of which is equal to the
number of Shares outstanding as of the date of such redemption, as long as
the administrative position of the Staff of the Securities and Exchange
Commission requires such reimbursement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
____ day of __________, 1996.
Attest:
________________________ By: _____________________
(SEAL) HT INSIGHT FUNDS, INC. d/b/a
XXXXXX INSIGHT FUNDS
Attest:
________________________ By: ______________________
(SEAL) FUNDS DISTRIBUTOR, INC.
