INITIAL CAPITAL AGREEMENT
December 18, 2015
Board of Trustees of
000 XX 00xx Xxxxxx, Xxxxx X00
Xxxx Xxxxx, XX 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 10,000 Shares of Beneficial Interest, no par value, of the WP Income Plus Fund, a series of WP Trust, a Delaware statutory 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.
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Very truly yours,
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By:/s/Xxxxxxx X. Xxxxx
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Its: Trustee
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Confirmed and Accepted:
By: /s/Xxxxxxx X. Xxxxx
Its: Trustee
