Exhibit (l)29
PURCHASE AGREEMENT
AGREEMENT dated this 29th day of April, 2008, by and between Allegiant
Funds (the "Trust"), a Massachusetts business trust, on behalf of the Allegiant
High Yield Bond Fund and Professional Funds Distributor, LLC ("PFD").
1. The Trust hereby offers PFD and PFD hereby purchases one each of Class
QQ and Class QQ - Special Series 1 shares of beneficial interest (no par value
per share) representing interests in the Trust's High Yield Bond Fund at a price
of $10.00 per share (collectively known as "Shares").
2. PFD hereby acknowledges receipt of one Share each of Class QQ and Class
QQ - Special Series 1. The Trust hereby acknowledges receipt from PFD of funds
in the amount of $10.00 for each such Share.
3. PFD represents and warrants to the Trust that the Shares are being
acquired for investment purposes and not with a view to the distribution
thereof.
4. The names "Allegiant Funds" and "Trustees of Allegiant Funds" refer
respectively to the Trust created and the Trustees, as trustees but not
individually or personally, acting from time to time under a Declaration of
Trust dated as of January 28, 1986 which is hereby referred to and a copy of
which is on file at the office of the State Secretary of the Commonwealth of
Massachusetts and at the principal office of the Trust. The obligations of
"Allegiant Funds" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are made not individually, but in such
capacities, and are not binding upon any of the Trustees, Shareholders or
representatives of the Trust personally, but bind only the Trust Property, and
all persons dealing with any class of shares of the Trust must look solely to
the Trust Property belonging to such class for the enforcement of any claims
against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the 29th day of April, 2008.
ARMADA FUNDS
Attest:
/s/ Xxxxxx X. Xxxxxxxxx By: /s/ Xxxxxxxx X. Xxxx
------------------------------------ ---------------------------------
Title: Chief Administrative Officer
---------------------------------
PROFESSIONAL FUNDS DISTRIBUTOR, LLC
Attest:
/s/ Xxxxxxxx XxXxxxxxx By: /s/ Xxxxxx X. Xxxxxxxxx
------------------------------------ ---------------------------------
Title: President
---------------------------------
