FRONTEGRA FUNDS, INC.
STOCK SUBSCRIPTION AGREEMENT
To the Board of Directors of Frontegra Funds, Inc.:
The undersigned purchaser (the "Purchaser") hereby
subscribes to 1,666.666 shares (the "Shares") of common
stock, $.01 par value (the "Common Stock"), of
Frontegra Funds, Inc. (the "Company") in consideration
for which the Purchaser agrees to transfer to you upon
demand Fifty Thousand Dollars ($50,000) in cash. The
Purchaser desires to invest the $50,000 in the
Frontegra Total Return Bond Fund. Accordingly, the
Purchaser will receive 1,666.666 Shares of the
Frontegra Total Return Bond Fund.
It is understood that a certificate representing
the Shares shall not be issued to the undersigned, but
such ownership shall be recorded on the books and
records of the Company's transfer agent.
Notwithstanding the fact that a certificate
representing ownership will not be issued, said Shares
shall be deemed fully paid and nonassessable.
The Purchaser agrees that the Shares are being
purchased for investment with no present intention of
reselling or redeeming said Shares.
The Purchaser acknowledges that costs incurred by
the Company in connection with its organization,
registration and initial public offering of Shares of
the Company have been deferred and are being amortized
over a period of five years from the date upon which
the Company commences its investment activities.
The Purchaser agrees that in the event any of the
Shares purchased hereunder are redeemed during such
five year period, the Company is authorized to reduce
the redemption proceeds to cover any unamortized
organizational expenses in the same proportion as the
number of Shares being redeemed bears to the number of
Shares outstanding at the time of the redemption. If,
for any reason, said reduction of redemption proceeds
is not in fact made by the Company in the event of such
a redemption, the Purchaser agrees to reimburse the
Company immediately for any unamortized organizational
expenses in the proportion stated above.
Dated and effective this 30th day of
September, 1996.
XXXXX ASSET MANAGEMENT COMPANY, LLC
/s/ L. Xxxx Xxxxxx
____________________________________
By: L. Xxxx Xxxxxx
Its: Senior Vice President
ACCEPTANCE
The foregoing subscription is hereby accepted.
Dated and effective as of this 30th day of September, 1996.
FRONTEGRA FUNDS, INC.
/s/ Xxxxxxx X. Xxxxxxx, III
________________________________________
By: Xxxxxxx X. Xxxxxxx, III
Its: Co-President
/s/ Xxxxxx X. Xxxxxxxx, Xx.
________________________________________
Attest: Xxxxxx X.Xxxxxxxx, Xx.
Co-President
