PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"),
and XXXX X. XXXXXX ("Xxxxxx"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
Xxxxxxx Dividend Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to Xxxxxx and Xxxxxx hereby
purchases from the Fund one Institutional Share of beneficial
interest in the Xxxxxxx Dividend Fund (the "Institutional Share")
at $27.53 per share, which is the per share net asset value of the
Xxxxxxx Dividend Fund on January 31, 1996. The Trust hereby
acknowledges receipt from Xxxxxx of $27.53 in full payment for the
Institutional Share.
2. Xxxxxx represents and warrants to the Trust that the
Institutional Share is being acquired for investment and not with a
view to distribution thereof and that Xxxxxx has no present
intention to redeem or dispose of the Institutional Share.
3. Xxxxxx hereby agrees that it will not redeem the
Institutional Share prior to the time that the Trust has completed
the amortization of its organizational expenses relating to the
Institutional Shares of Xxxxxxx Dividend Fund. In the event that
the Trust liquidates before the deferred organizational expenses
are fully amortized, then the Institutional Shares shall bear their
proportionate share of such unamortized organization expenses.
IN WITNESS WHEREOF, the parties have executed this agreement as of
the 1st day of February, 1996.
XXXXXXX INVESTMENTS
By: /S/ XXXXX XXXXXXXX
Its: Vice President
/S/ XXXX X. XXXXXX
XXXX X. XXXXXX
PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"),
and XXXX X. XXXXXX ("Xxxxxx"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
Xxxxxxx Growth Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to Xxxxxx and Xxxxxx hereby
purchases from the Fund one Institutional Share of beneficial
interest in the Xxxxxxx Growth Fund (the "Institutional Share") at
$23.87 per share, which is the per share net asset value of the
Xxxxxxx Growth Fund on January 31, 1996. The Trust hereby
acknowledges receipt from Xxxxxx of $23.87 in full payment for the
Institutional Share.
2. Xxxxxx represents and warrants to the Trust that the
Institutional Share is being acquired for investment and not with a
view to distribution thereof and that Xxxxxx has no present
intention to redeem or dispose of the Institutional Share.
3. Xxxxxx hereby agrees that it will not redeem the
Institutional Share prior to the time that the Trust has completed
the amortization of its organizational expenses relating to the
Institutional Shares of Xxxxxxx Growth Fund. In the event that the
Trust liquidates before the deferred organizational expenses are
fully amortized, then the Institutional Shares shall bear their
proportionate share of such unamortized organization expenses.
IN WITNESS WHEREOF, the parties have executed this agreement as of
the 1st day of February, 1996.
XXXXXXX INVESTMENTS
By: /S/ XXXXX XXXXXXXX
Its: Vice President
/S/ XXXX X. XXXXXX
XXXX X. XXXXXX
PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"),
and XXXX X. XXXXXX ("Xxxxxx"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
Xxxxxxx Utility Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to Xxxxxx and Xxxxxx hereby
purchases from the Fund one Institutional Share of beneficial
interest in the Xxxxxxx Utility Fund (the "Institutional Share") at
$12.53 per share, which is the per share net asset value of the
Xxxxxxx Utility Fund on January 31, 1996. The Trust hereby
acknowledges receipt from Xxxxxx of $12.53 in full payment for the
Institutional Share.
2. Xxxxxx represents and warrants to the Trust that the
Institutional Share is being acquired for investment and not with a
view to distribution thereof and that Xxxxxx has no present
intention to redeem or dispose of the Institutional Share.
3. Xxxxxx hereby agrees that it will not redeem the
Institutional Share prior to the time that the Trust has completed
the amortization of its organizational expenses relating to the
Institutional Shares of Xxxxxxx Utility Fund. In the event that
the Trust liquidates before the deferred organizational expenses
are fully amortized, then the Institutional Shares shall bear their
proportionate share of such unamortized organization expenses.
IN WITNESS WHEREOF, the parties have executed this agreement as of
the 1st day of February, 1996.
XXXXXXX INVESTMENTS
By: /S/ XXXXX XXXXXXXX
Its: Vice President
/S/ XXXX X. XXXXXX
XXXX X. XXXXXX
PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"),
and XXXX X. XXXXXX ("Xxxxxx"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
Xxxxxxx Bulwark Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to Xxxxxx and Xxxxxx hereby
purchases from the Fund one Institutional Share of beneficial
interest in the Xxxxxxx Bulwark Fund (the "Institutional Share") at
$7.10 per share, which is the per share net asset value of the
Xxxxxxx Bulwark Fund on January 31, 1996. The Trust hereby
acknowledges receipt from Xxxxxx of $7.10 in full payment for the
Institutional Share.
2. Xxxxxx represents and warrants to the Trust that the
Institutional Share is being acquired for investment and not with a
view to distribution thereof and that Xxxxxx has no present
intention to redeem or dispose of the Institutional Share.
3. Xxxxxx hereby agrees that it will not redeem the
Institutional Share prior to the time that the Trust has completed
the amortization of its organizational expenses relating to the
Institutional Shares of Xxxxxxx Bulwark Fund. In the event that
the Trust liquidates before the deferred organizational expenses
are fully amortized, then the Institutional Shares shall bear their
proportionate share of such unamortized organization expenses.
IN WITNESS WHEREOF, the parties have executed this agreement as of
the 1st day of February, 1996.
XXXXXXX INVESTMENTS
By: /S/ XXXXX XXXXXXXX
Its: Vice President
/S/ XXXX X. XXXXXX
XXXX X. XXXXXX
PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"),
and XXXX X. XXXXXX ("Xxxxxx"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
Xxxxxxx/Xxxxxx Small-Cap Fund, a series of the Trust, with its
initial capital, the Fund hereby sells to Xxxxxx and Xxxxxx hereby
purchases from the Fund one Institutional Share of beneficial
interest in the Xxxxxxx/Xxxxxx Small-Cap Fund (the "Institutional
Share") at $4.90 per share, which is the per share net asset value
of the Xxxxxxx/Xxxxxx Small-Cap Fund on January 31, 1996. The
Trust hereby acknowledges receipt from Xxxxxx of $4.90 in full
payment for the Institutional Share.
2. Xxxxxx represents and warrants to the Trust that the
Institutional Share is being acquired for investment and not with a
view to distribution thereof and that Xxxxxx has no present
intention to redeem or dispose of the Institutional Share.
3. Xxxxxx hereby agrees that it will not redeem the
Institutional Share prior to the time that the Trust has completed
the amortization of its organizational expenses relating to the
Institutional Shares of Xxxxxxx/Xxxxxx Small-Cap Fund. In the
event that the Trust liquidates before the deferred organizational
expenses are fully amortized, then the Institutional Shares shall
bear their proportionate share of such unamortized organization
expenses.
IN WITNESS WHEREOF, the parties have executed this agreement as of
the 1st day of February, 1996.
XXXXXXX INVESTMENTS
By: /S/ XXXXX XXXXXXXX
Its: Vice President
/S/ XXXX X. XXXXXX
XXXX X. XXXXXX
PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"),
and XXXX X. XXXXXX ("Xxxxxx"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
Xxxxxxx International Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to Xxxxxx and Xxxxxx hereby
purchases from the Fund one Institutional Share of beneficial
interest in the Xxxxxxx International Fund (the "Institutional
Share") at $8.60 per share, which is the per share net asset value
of the Xxxxxxx International Fund on January 31, 1996. The Trust
hereby acknowledges receipt from Xxxxxx of $8.60 in full payment
for the Institutional Share.
2. Xxxxxx represents and warrants to the Trust that the
Institutional Share is being acquired for investment and not with a
view to distribution thereof and that Xxxxxx has no present
intention to redeem or dispose of the Institutional Share.
3. Xxxxxx hereby agrees that it will not redeem the
Institutional Share prior to the time that the Trust has completed
the amortization of its organizational expenses relating to the
Institutional Shares of Xxxxxxx International Fund. In the event
that the Trust liquidates before the deferred organizational
expenses are fully amortized, then the Institutional Shares shall
bear their proportionate share of such unamortized organization
expenses.
IN WITNESS WHEREOF, the parties have executed this agreement as of
the 1st day of February, 1996.
XXXXXXX INVESTMENTS
By: /S/ XXXXX XXXXXXXX
Its: Vice President
/S/ XXXX X. XXXXXX
XXXX X. XXXXXX
