Exhibit (l)(xvi)
PURCHASE AGREEMENT
Schwab Capital Trust, a Massachusetts business trust (the "Trust"), and
Xxxxxxx Xxxxxx & Co., Inc., a California corporation ("Schwab"), hereby agree as
of March 19, 2005, as follows:
1. The Trust hereby offers and Schwab hereby purchases 1 unit of
beneficial interest of the Investor Shares and 2 units of beneficial interest of
Select Shares of the Series X of the Trust, representing interest in the Schwab
Premier Equity Fund (such unit of beneficial interest being hereafter
collectively known as the "Shares"), at a price of $10.00 per Share. Schwab
hereby acknowledges purchase of the Shares, and the Trust hereby acknowledges
receipt from Schwab of funds in the amount of $30.00 for such series of the
Trust in full payment for the Shares. It is further agreed that no certificate
for the Shares will be issued by the Trust.
2. Schwab represents and warrants to the Trust that the Shares are being
acquired for investment purposes and not with a view to the distribution
thereof.
3. The names "Schwab Capital Trust" and "Trustees of Schwab Capital Trust"
refer, respectively to the Trust created and the Trustees as Trustees but not
individually or personally, acting from time to time under an Agreement and
Declaration of Trust dated as of May 6, 1993, to which reference is hereby made
and a copy of which is on file at the Office of the Secretary of State of the
Commonwealth of Massachusetts and elsewhere as required by law, and to any and
all amendments thereto so filed or hereafter filed. The obligations of "Xxxxxx
Capital Trust" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are not made individually, but only in such
capacities, and are not binding upon any of the Trustees, Shareholders or
representatives of the Trust personally, but bind only the assets of the Trust,
and all persons dealing with any series of Shares of the Trust must look solely
to the assets for the Trust belonging to such series for the enforcement of any
claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed day and year first written above.
Attest: XXXXXX CAPITAL TRUST
/s/ Xxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxx
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Xxxx Xxxxxx Xxxxxxx X. Xxxx,
Senior Vice President
and Chief Investment Officer
Attest: XXXXXXX XXXXXX & CO., INC.
/s/ Xxxx Xxxxxx By: /s/ Xxxx Xxxxx
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Xxxx Xxxxxx Xxxx Xxxxx,
Senior Vice President
