Exhibit (l)(xiv)
PURCHASE AGREEMENT
Schwab Capital Trust, a Massachusetts business trust (the "Trust"), and
Xxxxxxx Xxxxxx & Co., Inc., a California corporation ("Schwab"), hereby agree as
of _________, 2003, as follows:
1. The Trust hereby offers and Schwab hereby purchases 1 unit of
beneficial interest of Series V of the Trust, representing interest in the
Schwab Small-Cap Equity Fund (such 1 unit of beneficial interest being hereafter
collectively known as a "Share"), at a price of $10.00 per Share. Schwab hereby
acknowledges purchase of the Share, and the Trust hereby acknowledges receipt
from Schwab of funds in the amount of $10.00 for such series of the Trust in
full payment for the Share. It is further agreed that no certificate for the
Share will be issued by the Trust.
2. Schwab represents and warrants to the Trust that the Share is being
acquired for investment purposes and not with a view to the distribution
thereof.
3. The names "Schwab Capital Trust" and "Trustees of Schwab Capital
Trust" refer, respectively to the Trust created and the Trustees as Trustees but
not individually or personally, acting from time to time under an Agreement and
Declaration of Trust dated as of May 6, 1993, to which reference is hereby made
and a copy of which is on file at the Office of the Secretary of State of the
Commonwealth of Massachusetts and elsewhere as required by law, and to any and
all amendments thereto so filed or hereafter filed. The obligations of "Schwab
Capital Trust" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are not made individually, but only in such
capacities, and are not binding upon any of the Trustees, Shareholders or
representatives of the Trust personally, but bind only the assets of the Trust,
and all persons dealing with any series of Shares of the Trust must look solely
to the assets for the Trust belonging to such series for the enforcement of any
claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed day and year first written above.
Attest: SCHWAB CAPITAL TRUST
__________________ By: ______________________
Xxxx Xxxxxx Xxxxxxx X. Xxxx
Senior Vice President and
Chief Investment Officer
Attest: XXXXXXX XXXXXX & CO., INC.
__________________ By: ______________________
Xxxx Xxxxxx Xxxxxxx X. Xxxx
Executive Vice President
