EXHIBIT 99.13
SUBSCRIPTION AGREEMENT
BETWEEN CRABBE HUSON FUNDS AND
THE CRABBE HUSON GROUP, INC.
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This Subscription Agreement ("Agreement") is by and between Crabbe Huson
Funds, a Delaware business trust, (the Company") and The Crabbe Huson Group,
Inc., an Oregon corporation ("Subscriber").
The Subscriber subscribes for the number of shares of beneficial interest
of the Crabbe Huson Small Cap Fund series (the "Fund") of the Company set forth
opposite its name (the "Initial Shares").
Subscriber Consideration Paid No. of Shares
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The Crabbe Huson Group, Inc. $100,000.00 10,000
The Subscriber understands and acknowledges that it is acquiring the
Initial Shares without a view to distribution or resale, and the Subscriber has
no present intention of redeeming or selling its shares. Company and Subscriber
both understand and agree that the costs incurred in connection with the
organization and registration as an investment company under the Investment
Company Act of 1940 were initially paid by Subscriber and will be repaid to
Subscriber by Fund. The amortization of such expenses payable by Subscriber on
behalf of the Company have been deferred and will be amortized by the Company
over 60 months based upon the projected assets expected in the Fund during such
period beginning at the commencement of operations. If any of the Initial
Shares of the Company are redeemed during the amortization period, the amount
paid by the Company to Subscriber on any withdrawal of Initial Shares in the
Company will be reduced by a portion of the unamortized organization expenses,
determined by multiplying the unamortized expenses by a fraction the numerator
of which is the value of the Initial Shares redeemed and the denominator of
which is the value of the Initial Shares at the time of this subscription after
taking into account any prior redemptions of such Initial Shares. Subscriber
agrees to require any subsequent holder of its shares to consent to the terms of
this subscription agreement prior to the transfer of the shares to the
subsequent holder.
1 - STOCK SUBSCRIPTION AGREEMENT
By signing below, the Subscriber agrees to the above terms. DATED this
30th day of January, 1996.
CRABBE HUSON FUNDS
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By: Xxxxxxx X. Xxxxx
Its: President
THE CRABBE HUSON GROUP, INC.
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By: Xxxxx X. Xxxxxx
Its: President
2 - STOCK SUBSCRIPTION AGREEMENT
