EXHIBIT 13
PURCHASE AGREEMENT
Xxxxxx Xxxxxxx Fund, Inc., an open-end management investment company
(the "Fund"), and Xxxxxx Xxxxxxx Asset Management Inc., a New York Corporation
("MSAM"), intending to be legally bound, hereby agree as follow:
1. In order to provide the Fund with its initial capital, the Fund
hereby sells to MSAM and MSAM hereby purchases shares of common stock, par value
$.001 per share, (the "Common Stock") of the Fund as follows: 96,000 shares of
the Common Stock of Xxxxxx Xxxxxxx Money Market Fund at $1.00 per share; 100
shares of the Class A Common Stock of Xxxxxx Xxxxxxx Global Equity Allocation
Fund at $10.00 per share; 100 shares of the Class B Common Stock of Xxxxxx
Xxxxxxx Global Equity Allocation Fund at $10.00 per share; 100 shares of the
Class A Common Stock of Xxxxxx Xxxxxxx Global Fixed Income Fund at $10.00 per
share; and 100 shares of the Class B Common Stock of Xxxxxx Xxxxxxx Global Fixed
Income Fund at $10.00 per share (collectively, the "Shares"). The Fund hereby
acknowledges receipt from MSAM of $100,000 in full payment for the Shares.
2. MSAM represents and warrants to the Fund that the Shares are
being acquired for investment and not with a view to distribution thereof and
that MSAM has no present intention to redeem or dispose of any of the Shares.
3. MSAM hereby agrees that it will not redeem any of the Shares
prior to the time that the Fund has completed the amortization of its
organizational expenses. In the event that the Fund liquidates before the
deferred organizational expenses are fully amortized, then the Shares shall bear
their proportionate share of such unamortized organizational expenses.
IN WITNESS WHEREOF, the parties have executed this agreement as of the
17th day of November, 1992.
XXXXXX XXXXXXX FUND, INC.
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Title: President
XXXXXX XXXXXXX ASSET MANAGEMENT INC.
By: /s/ Xxxxxx X. Xxxxx
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Title: Vice President
