SUBSCRIPTION AGREEMENT
For and in consideration of the mutual agreements herein contained, Xxx Xxxxx Xxxxx Xxxxxx, hereinafter referred to as "Subscriber" hereby agrees to purchase from the Upright Growth and Income Fund (the "Fund"), a mutual fund series of the Upright Investments Trust, and Fund agrees to sell to Subscriber 10,000 shares of capital stock of Fund, at the price of $10 per share, upon the following terms and conditions:
Subscriber agrees to pay $100,000 to the Fund upon demand.
The Fund will not issue any securities or receive any of the proceeds of this subscription until subscriptions identical in form to this one have been made by not more than 25 persons (which shall include Subscriber) to purchase from Fund securities for an aggregate net amount, which plus Fund's then net worth will equal at least $100,000.
Unless such aggregate net amount is paid to Fund and Fund then has $100,000 of net worth within 90 days after June 12, 2017, the date on which the registration statement filed under the Securities Act of 1933 with respect to the Fund's capital stock became effective, then this subscription shall become null and void and the full amount paid in by the Subscriber will be refunded to Subscriber on demand without any deduction.
In the event that such aggregate net amount of cash has been paid in and Fund has a net worth of at least $100,000 within 90 days after such registration statement has become effective, then this subscription shall be in full force and effect; and Fund may retain all funds tendered to it.
Subscriber agrees that the shares are being purchased for investment with no present intention of reselling or redeeming said shares.
It is understood that said aggregate net amount will be paid in to Fund before any subscriptions for Fund capital stock will be accepted from any persons in excess of twenty-five.
Subscriber of shares of the Upright Growth and Income Fund
By: /s/ Xxx Xxxxx Xxxxx Xxxxxx Date: June 12, 2017
Xxx Xxxxx Xxxxx Xxxxxx
Subscription agreed to Upright Growth and Income Fund
By: /s/ Xxx Xxxxx Xxxxx Xxxxxx Date: June 12, 2017
Xxx Xxxxx Xxxxx Xxxxxx
President
Board of Trustees
Upright Growth and Income Fund
