EXHIBIT 13
SUBSCRIPTION AGREEMENT
Concorde Value Fund, Inc.
0000 XXX Xxxxxxx
0000 Xxxxx Xxxxxxx Xxxxxx
Xxxxxx, XX 00000
Gentlemen:
The undersigned hereby subscribes to 10,000 shares of the Common
Stock, $1.00 par value, of Concorde Value Fund, Inc., and agrees to pay to
said corporation the sum of $100,000 in cash.
It is understood that upon acceptance hereof by said corporation
and the receipt of the aforementioned consideration, the shares subscribed
for shall be issued to the undersigned and that said shares shall be
deemed to be fully paid and nonassessable.
The undersigned agrees that the shares are being purchased for
investment with no present intention of reselling or redeeming said
shares, and further agrees that the proceeds of the redemption of such
shares will be reduced in accordance with Footnote 3 on page 13 of the
Statement of Additional Information included in Amendment No. 1 to the
Registration Statement on Form N-1A of Concorde Value Fund, Inc.
Dated and effective as of this ____ day of November, 1987.
Xxxxxxxx'x Office World, Inc.,
Profit Sharing Plan for the benefit of
Xxxxxxx X. Xxxxxxxx
By _________________________________
Xxxxxxx X. Xxxxxxxx, Trustee
The foregoing subscription is hereby accepted. Dated and
effective as of this ____ day of _________, 1987.
CONCORDE VALUE FUND, INC.
By: _________________________________
Xxxx X. Xxxx, Ph.D.,
President
Attest: ___________________________
Xxxxxxxx X. Xxxxxx,
Secretary
