PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"),
and ▇▇▇▇ ▇. ▇▇▇▇▇▇ ("▇▇▇▇▇▇"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
▇▇▇▇▇▇▇ Dividend Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to ▇▇▇▇▇▇ and ▇▇▇▇▇▇ hereby
purchases from the Fund one Institutional Share of beneficial
interest in the ▇▇▇▇▇▇▇ Dividend Fund (the "Institutional Share")
at $27.53 per share, which is the per share net asset value of the
▇▇▇▇▇▇▇ Dividend Fund on January 31, 1996. The Trust hereby
acknowledges receipt from ▇▇▇▇▇▇ of $27.53 in full payment for the
Institutional Share.
2. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ has no present
intention to redeem or dispose of the Institutional Share.
3. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Its: Vice President
/S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇
PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"),
and ▇▇▇▇ ▇. ▇▇▇▇▇▇ ("▇▇▇▇▇▇"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
▇▇▇▇▇▇▇ Growth Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to ▇▇▇▇▇▇ and ▇▇▇▇▇▇ hereby
purchases from the Fund one Institutional Share of beneficial
interest in the ▇▇▇▇▇▇▇ Growth Fund (the "Institutional Share") at
$23.87 per share, which is the per share net asset value of the
▇▇▇▇▇▇▇ Growth Fund on January 31, 1996. The Trust hereby
acknowledges receipt from ▇▇▇▇▇▇ of $23.87 in full payment for the
Institutional Share.
2. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ has no present
intention to redeem or dispose of the Institutional Share.
3. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Its: Vice President
/S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇
PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"),
and ▇▇▇▇ ▇. ▇▇▇▇▇▇ ("▇▇▇▇▇▇"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
▇▇▇▇▇▇▇ Utility Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to ▇▇▇▇▇▇ and ▇▇▇▇▇▇ hereby
purchases from the Fund one Institutional Share of beneficial
interest in the ▇▇▇▇▇▇▇ Utility Fund (the "Institutional Share") at
$12.53 per share, which is the per share net asset value of the
▇▇▇▇▇▇▇ Utility Fund on January 31, 1996. The Trust hereby
acknowledges receipt from ▇▇▇▇▇▇ of $12.53 in full payment for the
Institutional Share.
2. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ has no present
intention to redeem or dispose of the Institutional Share.
3. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Its: Vice President
/S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇
PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"),
and ▇▇▇▇ ▇. ▇▇▇▇▇▇ ("▇▇▇▇▇▇"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
▇▇▇▇▇▇▇ Bulwark Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to ▇▇▇▇▇▇ and ▇▇▇▇▇▇ hereby
purchases from the Fund one Institutional Share of beneficial
interest in the ▇▇▇▇▇▇▇ Bulwark Fund (the "Institutional Share") at
$7.10 per share, which is the per share net asset value of the
▇▇▇▇▇▇▇ Bulwark Fund on January 31, 1996. The Trust hereby
acknowledges receipt from ▇▇▇▇▇▇ of $7.10 in full payment for the
Institutional Share.
2. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ has no present
intention to redeem or dispose of the Institutional Share.
3. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Its: Vice President
/S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇
PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"),
and ▇▇▇▇ ▇. ▇▇▇▇▇▇ ("▇▇▇▇▇▇"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
▇▇▇▇▇▇▇/▇▇▇▇▇▇ Small-Cap Fund, a series of the Trust, with its
initial capital, the Fund hereby sells to ▇▇▇▇▇▇ and ▇▇▇▇▇▇ hereby
purchases from the Fund one Institutional Share of beneficial
interest in the ▇▇▇▇▇▇▇/▇▇▇▇▇▇ Small-Cap Fund (the "Institutional
Share") at $4.90 per share, which is the per share net asset value
of the ▇▇▇▇▇▇▇/▇▇▇▇▇▇ Small-Cap Fund on January 31, 1996. The
Trust hereby acknowledges receipt from ▇▇▇▇▇▇ of $4.90 in full
payment for the Institutional Share.
2. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ has no present
intention to redeem or dispose of the Institutional Share.
3. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇/▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Its: Vice President
/S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇
PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"),
and ▇▇▇▇ ▇. ▇▇▇▇▇▇ ("▇▇▇▇▇▇"), intending to be legally bound, hereby agree
as follows:
1. In order to provide the Institutional Shares class of
▇▇▇▇▇▇▇ International Fund, a series of the Trust, with its initial
capital, the Fund hereby sells to ▇▇▇▇▇▇ and ▇▇▇▇▇▇ hereby
purchases from the Fund one Institutional Share of beneficial
interest in the ▇▇▇▇▇▇▇ International Fund (the "Institutional
Share") at $8.60 per share, which is the per share net asset value
of the ▇▇▇▇▇▇▇ International Fund on January 31, 1996. The Trust
hereby acknowledges receipt from ▇▇▇▇▇▇ of $8.60 in full payment
for the Institutional Share.
2. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ has no present
intention to redeem or dispose of the Institutional Share.
3. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Its: Vice President
/S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇
