Exhibit (l)(8)
PURCHASE AGREEMENT
Gabelli Equity Series Funds, Inc. (the "Company"), a Maryland corporation, on
behalf of The Gabelli Woodland Small Cap Value Fund (the "New Fund"), and
Gabelli Asset Management Inc. (the "Buyer") hereby agree as follows:
1. The Company hereby offers the Buyer and the Buyer hereby purchases ten
(10) shares of each of the Fund's Class AAA Shares, Class A Shares, Class B
Shares and Class C Shares (the "Shares") at a price of $10.00 per share. The
Shares are the "initial shares" of the New Fund. The Buyer hereby acknowledges
receipt of a purchase confirmation reflecting the purchase of the Shares, and
the New Fund hereby acknowledges receipt from the Buyer of funds in the
aggregate amount of $400.00 in full payment for the Shares.
2. The Buyer represents and warrants to the Company that the Shares
purchased by the Buyer are being acquired for investment purposes and not for
the purpose of distribution.
3. This Agreement has been executed on behalf of the Company by the
undersigned officer of the Company in his or her capacity as an officer of the
Company.
4. This Agreement may be executed in counterparts, each of which shall be
deemed to be an original, but such counterparts shall, together, constitute only
one instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the 31st day of December, 2002.
Attest: GABELLI EQUITY SERIES FUNDS, INC.
By: /S/ XXXXX X. XXXXX By: /S/ XXXXX X. XXXXXX
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Xxxxx X. Xxxxxx
Vice President and Treasurer
Attest: GABELLI ASSET MANAGEMENT INC.
By: /S/ XXXXXXX XXXX By: /S/ XXXXXX XXXXXXX
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Name: Xxxxxx Xxxxxxx
Title: Chief Financial Officer
