SUBSCRIPTION AGREEMENT
Bearguard Funds, Inc.
000 Xxxxxxxxxx Xxxxxx, Xxxxx 00
Xxx Xxxxx, Xxxxxxxxxx 00000
Gentlemen:
The undersigned purchaser (the "Purchaser") hereby
subscribes to the number of shares (the "Shares") of
common stock of Bearguard Funds, Inc. (the "Company")
as follows:
Aggregate
Series Number of Per Share Purchase
Shares Price Price
Bearguard Fund: 5,000 $10 $50,000
Institutional Class
Bearguard Fund: 5,000 $10 $50,000
Investor Class ---------
$100,000
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, the Shares
will be deemed fully paid and nonassessable.
The Purchaser agrees that the Shares are being
purchased for investment with no present intention to
resell or redeem the Shares.
Dated and effective as of the 18th of October, 1999.
Purchaser:
/s/ Xxxxxx X. Xxxxxxx, Xx.
-----------------------------
By: Xxxxxx X. Xxxxxxx, Xx.
ACCEPTANCE
The foregoing subscription is hereby accepted.
Dated and effective as of the 18th day of October, 1999.
BEARGUARD FUNDS, INC.
/s/ Xxxx X. XxXxxxxx
-------------------------------------
By: Xxxx X. Mc Entire, President
