SHARE PURCHASE AGREEMENT
This Agreement is made as of the 20th day of May, 2004 between Pioneer
Funds Distributor, Inc., a Delaware corporation ("PFD"), and Pioneer Select
Value Fund, a Delaware statutory trust (the "Trust").
WHEREAS, the Trust wishes to sell to PFD, and PFD wishes to purchase
from the Trust, $100,000 of shares of beneficial interest of the Trust (10,000
shares at a purchase price of $10.00 per share (collectively, the "Shares"));
and
WHEREAS, PFD is purchasing the Shares for the purpose of providing the
initial capitalization of the Trust as required by the Investment Company Act of
1940;
NOW, THEREFORE, the parties hereto agree as follows:
1. Simultaneously with the execution of this Agreement, PFD is
delivering to the Trust a check in the amount of $100,000 in full
payment for the Shares.
2. PFD agrees that it is purchasing the Shares for investment and has
no present intention of redeeming or reselling the Shares.
3. PFD further agrees that it may not withdraw the Shares from the
Trust for the first two years and at a rate, which at any time
during the Trust's next three years of operations, exceeds in the
aggregate $2,777.78 per month.
Executed as of the date first set forth above.
PIONEER FUNDS DISTRIBUTOR, INC.
/s/Xxxxxx X. Xxxxxxxx
---------------------------------
By: Xxxxxx X. Xxxxxxxx
Its: Director and Executive Vice President
PIONEER SELECT VALUE FUND
/s/Xxxxxx X. Xxxx
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By: Xxxxxx X. Xxxx
Its: Executive Vice President
