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EXHIBIT 13(b)
PURCHASE AGREEMENT
Schwab Capital Trust (the "Fund"), a Massachusetts business trust, and
Xxxxxxx Xxxxxx & Co., Inc. ("Schwab"), a California corporation, hereby agree on
the ____ day of October 1993 as follows:
1. he Fund hereby offers and Schwab hereby purchases 100 Series B
units of beneficial interest representing interests in the Schwab Small-Cap
Index Fund, (such 100 units of beneficial interest being hereafter collectively
known as "Shares") at a price of $10.00 per Share. Schwab hereby acknowledges
purchase of the Shares and the Fund hereby acknowledges receipt from Schwab of
funds in the amount of $1,000 in full payment for the Shares. It is further
agreed that no certificate for the Shares will be issued by the Fund.
2. Schwab represents and warrants to the Fund that the Shares are
being acquired for investment purposes and not with a view to the distribution
thereof.
3. he names "Schwab Capital Trust" and "Trustees of Schwab Capital
Trust" refer, respectively to the Trust created and the Trustees as Trustees but
not individually or personally, acting from time to time under an Agreement and
Declaration of Trust dated as of May 6, 1993, to which reference is hereby made
and a copy of which is on file at the Office of the Secretary of State of the
Commonwealth of Massachusetts and elsewhere as required by law, and to any and
all amendments thereto so filed or hereafter filed. The obligations of "Xxxxxx
Capital Trust" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are not made individually, but only in such
capacities, and are not binding upon any of the Trustees, Shareholders or
representatives of the Trust personally, but bind only the assets of the Trust,
and all persons dealing with any series of Shares of the Trust must look solely
to the assets for the Trust belonging to such series for the enforcement of any
claims against the Trust.
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed day and year first written above.
Attest: XXXXXX CAPITAL TRUST
/s/ Xxxxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
Title: Senior Vice President
Attest: XXXXXXX XXXXXX & CO., INC.
/s/ Xxxxx X. Xxx By: /s/ Xxx X. Xxxx
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Name: Xxx X. Xxxx
Title: Executive Vice President
