Chickasaw Capital Management Letterhead]
[Chickasaw Capital Management Letterhead]
January 4, 2011
Board of Trustees
0000 Xxxxxx Xxxxxx, Xxxxx 000
Memphis, TN 38119
To the Board of Trustees:
In order to provide MainGate Trust (the “Trust”) with initial capital sufficient to enable the public offering of shares of the Trust, the undersigned hereby subscribes to purchase 9,500 Class I shares of the MainGate MLP Fund (the “Fund”) and 500 Class A shares, at a price of $10.00 per share, for a total of $100,000.00. The undersigned further represents and warrants that these shares are being purchased by the undersigned for investment purposes only and not with a view towards distribution thereof; and with no present intention of selling such shares shortly after purchasing them.
Very truly yours,
/s/Xxxxxxx X. Xxxx
Chickasaw Capital Management, LLC
By: Xxxxxxx X. Xxxx
Title: Managing Member
Accepted:
/s/ Xxxxxxxx X. Xxxxx
Name: Xxxxxxxx X. Xxxxx
Title: President
Date: January 4, 2011
