EXHIBIT EX-99.l1
SUBSCRIPTION AGREEMENT
THIS AGREEMENT is entered into as of the 30th day of July, 2008 by and between
Xxxx X. Xxxxx ("Subscriber"), a citizen and resident of the State of Virginia
and the World Funds Trust ("Trust"), a statutory trust organized and existing
under and by virtue of the laws of the State of Delaware.
In consideration of the mutual promises set forth herein, the parties agree as
follows:
1. The Trust agrees to sell to Subscriber and Subscriber hereby subscribes to
purchase 10,000 Institutional Class shares ("Shares") of beneficial
interest of the Commonwealth Small Cap Fund (the "Fund"), a series of the
Trust, without par value, at a price of ten dollars($10.00) per Share.
2. Subscriber agrees to pay $100,000 for all such Shares at the time of their
issuance, which shall occur at any time on or before the effective date of
the Trust's Registration Statement filed by the Trust on Form N-1A with
the Securities and Exchange Commission ("Registration Statement").
3. Subscriber acknowledges that the Shares to be purchased hereunder have
not been registered under the federal securities laws and that,
therefore, the Trust is relying on certain exemptions from such
registration requirements, including exemptions dependent on the intent
of the undersigned in acquiring the Shares. Subscriber also understand
that any resale of the Shares or any part thereof, may be subject to
restrictions under the federal securities laws, and that Subscriber may
be required to bear the economic risk of any investment in the Shares
for an indefinite period of time.
4. Subscriber represents and warrants that (i) she is acquiring the Shares
solely for her own account and solely for investment purposes and not
with a view to the resale or disposition of all or any part thereof, and
that she has no present plan or intention to sell or otherwise dispose
of the Shares or any part thereof at any time in the near future and
(ii) she is knowledgeable and experienced with respect to the financial,
tax, and business ownership of the Shares and is capable of evaluating
the risks and merits of purchasing the Shares and can bear the economic
risk of an investment in the Shares for an indefinite period of time and
can suffer the complete loss thereof.
5. Subscriber agrees that she will not sell or dispose of the Shares or any
part thereof, except to the Trust itself, unless the Registration
Statement with respect to such Shares is then in effect under the
Securities Act of 1933, as amended.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement, which in
the case of the Trust, by its duly authorized representative this 30th day of
July, 2008.
Subscriber World Funds Trust
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxxxxx X. Xxxxx, III
------------------- ----------------------------
Xxxx X. Xxxxx Xxxxxxxx X. Xxxxx, III
President
