Re: Subscription Agreement for Shares of Utopia Funds (the “Trust”)
EXHIBIT (l)
| December 9, 2005 |
| Re: | Subscription Agreement for Shares of | |||
| Utopia Funds (the “Trust”) |
Ladies and Gentlemen:
Financial & Investment Management Group, Ltd. offers to purchase from the Trust the following
shares of beneficial interest of the Trust at $10.00 per share for an aggregate purchase price of
$400,000 in cash, all such shares to be validly issued, fully paid and non-assessable upon issuance
of such shares and receipt by the Trust of said payment:
| Series | Number of Shares | |||
Utopia Growth Fund |
10,000 | |||
Utopia Balanced Fund |
10,000 | |||
Utopia Balanced Conservative Fund |
10,000 | |||
Utopia Yield Income Fund |
10,000 | |||
These shares are not being purchased with any present intent of distributing or reselling the same
to the public and will be held for the investment of Financial & Investment Management Group, Ltd.
| Sincerely, | ||
| FINANCIAL & INVESTMENT | ||
| MANAGEMENT GROUP, LTD. |
| By: | /s/ Xxxx X. Sutehrland | |||||
| Xxxx X. Xxxxxxxxxx, President |
Accepted and agreed to this
9th day of December, 2005.
9th day of December, 2005.
By:
|
/s/ Xxxxxxxx X. Xxxxxxxxx | |||
| Xxxxxxxx X. Xxxxxxxxx, Chief Operating Officer |
