Initial Capital Agreement
Exhibit
23L
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August
9, 2006
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Board
of
Trustees of
The
Blue
Fund Group
000
Xxxxxxx Xxxxxx
00xx
Xxxxx
Xxx
Xxxx,
XX 00000
Ladies
and Gentlemen:
The
undersigned hereby subscribes for 5,000 Shares of Beneficial Interest, no par
value, of The Blue Large Cap Fund, a series of The Blue Fund Group, a
Massachusetts business trust (the “Trust”), and 5,000 Shares of Beneficial
Interest, no par value, of The Blue Small Cap Fund, a series of the Trust,
in
each case at $10.00 per share for an aggregate purchase price of $100,000.
Our
payment in full is confirmed.
The
undersigned represents and agrees that it is purchasing these Shares for
investment purposes, for its own account and risk and not with a view to any
sale, division or other distribution thereof within the meaning of the
Securities Act of 1933, nor with any present intention of distributing or
selling such shares.
|
Very
truly yours,
|
|
|
Blue
Investment Management, LLC
|
|
|
By:
/s/ Xxxxxx Xxxxxxx
|
|
|
Xxxxxx
Xxxxxxx
|
|
|
CEO
|
Confirmed
and Accepted:
The
Blue
Fund Group
By:
/s/ Xxxxxx Xxxxxxxx
Xxxxxx
Xxxxxxxx
Trustee
