Exhibit 13
BURRIDGE FUNDS
Subscription Agreement
1. Subscription for Shares. Xxxxxxx X. Xxxxxxxx and Xxxxxxx X. Xxxxxxxx
(each, a "Purchaser") severally agree to purchase from Burridge Funds ("Burridge
Funds") that number of share listed opposite his name shares of the series
designated Burridge Capital Development Fund (the "Fund") for a price of $10.00
per share, on the terms and conditions set forth herein and in the preliminary
prospectus described below, and agree to tender in payment therefor cash in an
amount equal to $10.00 multiplied by the number of shares shown below at such
time as the board of trustees or the president of Burridge Funds determines:
Purchaser Number of Shares
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Xxxxxxx X. Xxxxxxxx 5,000
Xxxxxxx X. Xxxxxxxx 5,000
Each Purchaser understands that Burridge Funds has filed a registration
statement with the Securities and Exchange Commission (No. 333-11633) on Form N-
1A, which contains the preliminary prospectus describing Burridge Funds, the
Fund and the shares. Each Purchaser acknowledges receipt of a copy of the
preliminary prospectus.
Each Purchaser recognizes that Burridge Funds will not be fully operational
until it commences a public offering of its shares. Accordingly, a number of
features of the Fund described in the preliminary prospectus, including
redemption of shares upon request of shareholders, will not be available until
Burridge Funds' registration statement becomes effective under the Securities
Act of 1933.
2. Representations and Warranties. Each Purchaser represents and warrants
as follows:
(a) Each Purchaser is aware that no federal or state agency has made any
finding or determination as to the fairness for investment, nor any
recommendation nor endorsement, of the shares;
(b) Each Purchaser has such knowledge and experience of financial and
business matters as will enable each Purchaser to utilize the
information made available to such Purchaser in connection with the
offering of the shares to evaluate the merits and risks of the
prospective investment and to make an informed investment decision;
(c) Each Purchaser recognizes that Burridge Funds has only recently been
organized, that the Fund has no financial or operating history and,
further, that investment in the Fund involves certain risks, and each
Purchaser has taken full cognizance of and understands all of the
risks related to the purchase of the shares and each
Purchaser acknowledges that he has suitable financial resources and
anticipated income to bear the economic risks of such an investment;
(d) Each Purchaser is purchasing the shares for his own account, for
investment, and not with any intention of redemption, distribution, or
resale of the shares, either in whole or in part;
(e) Each Purchaser will sell the shares purchased by him without
registration of them under the Securities Act of 1933 or exemption
therefore;
(f) Each Purchaser has been furnished with and has read this agreement,
the preliminary prospectus and such other documents relating to the
Fund and Burridge Funds as he has requested and as have been provided
to him by Burridge Funds, and
(g) Each Purchaser has also had the opportunity to ask questions of, and
receive answers from, officers of Burridge Funds concerning Burridge
Funds and the terms of the offering.
3. Rejection of Subscriptions. Each Purchaser recognizes that Burridge
Funds reserves the right to reject or limit any subscription.
4. Limitation on Redemption. I acknowledge that redemption of the shares
purchased pursuant to this subscription may be limited during the period in
which any organizational expenses of the Fund remain unamortized, to the extent
necessary to comply with applicable law or regulation, or interpretations
thereof.
5. Social Security Number. Each Purchaser certifies under penalties of
perjury that the number shown beside his name on this form is the correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
Purchaser Social Security Number
--------- ----------------------
Xxxxxxx X. Xxxxxxxx ###-##-####
Xxxxxxx X. Xxxxxxxx ###-##-####
Dated: November 18, 1996
/s/ Xxxxxxx X. Xxxxxxxx /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx Xxxxxxx X. Xxxxxxxx
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