EXHIBIT 23 (l)(2)
PURCHASE AGREEMENT
FIRST PACIFIC LOW VOLATILITY FUND
First Pacific Mutual Fund, Inc., a Maryland corporation, (the
"Corporation"), and Xxx Financial Group Inc., a Hawaii corporation ("LFG"),
hereby agree with each other as follows:
1. The Corporation hereby offers LFG and LFG hereby
purchases 100 shares of the Corporation's First Pacific Low Volatility
Fund - Investor Class for $10.00 per share (the "Low Volatility Fund Shares").
The Corporation hereby acknowledges receipt from LFG of funds in full payment
for such Low Volatility Fund Shares.
2. LFG represents and warrants to the Corporation that
the Low Volatility Fund Shares are being acquired for investment purposes and
not with a view to the distribution thereof.
IN AGREEMENT WHEREOF, and intending to be legally bound hereby,
the parties hereto have executed this Agreement as of the 10 day of June, 2011.
FIRST PACIFIC MUTUAL FUND, INC.
ATTEST:
/s/ Xxxxxxxxx X. Xxxxx /s/ Xxxxxxxx X.X. Xxx
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By: Xxxxxxxxx X. Xxxxx By: Xxxxxxxx X.X. Xxx
Title: Assistant Treasurer Title: President
XXX FINANCIAL GROUP INC.
/s/ Xxxxxxxxx X. Xxxxx /s/ Xxxxxxxx X.X. Xxx
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By: Xxxxxxxxx X. Xxxxx By: Xxxxxxxx X.X. Xxx
Title: Assistant Treasurer Title: President