SUBSCRIPTION AGREEMENT BETWEEN THE FUND AND THE INVESTOR TeaLeaf Long/Short Deep Value Fund LETTER OF INVESTMENT INTENT

SUBSCRIPTION AGREEMENT BETWEEN THE FUND AND THE INVESTOR

TeaLeaf Long/Short Deep Value Fund

LETTER OF INVESTMENT INTENT

December 6, 2012

To the Board of Trustees of Tea Leaf Management Investment Trust:

Effective as of the date first written above, the undersigned (the "Purchaser") subscribes to purchase a beneficial interest ("Interest") in the TeaLeaf Long/Short Deep Value Fund, in the amount of $100,000.00 for 10,000 shares at net asset value of $10.00 per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of $100,000.00.

The Purchaser agrees that each Interest is being purchased for investment purposes only and with no present intention of reselling or redeeming said Interest.

/s/ Xxxx X. Xxxx______________

Xxxx X. Xxxx

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