INITIAL CAPITAL AGREEMENT
Exhibit (l)
October [__], 2019
000 Xxxxxx Xxxxxx XX, Xxxxx 000
Xxxxx Xxxxxx, XX 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 10,000 Shares of Beneficial Interest, no par value, of the Red Cedar Short Term Bond Fund, a series of Red Cedar Fund Trust, a Delaware Statutory Trust, at $10.00 per share for an aggregate purchase price of $100,000. By signing below, 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.
| Very truly yours, | |||
| Red Cedar Investment Management, LLC | |||
| By: | |||
| Name: | |||
| Title: | |||
Confirmed and Accepted:
| By: | ||
| Name: | ||
| Title: |
