SUBSCRIPTION AGREEMENT
June 8th, 2003
AGREEMENT, Made by and between the The Pennsylvania Avenue
Event-Driven Fund, a series of The Pennsylvania Avenue
Funds, a Delaware business trust (hereinafter called "Fund")
and Xx. Xxxxxx Xxxxxxxx.
WITNESSETH: WHEREAS, Fund engages in the business of
investing and reinvesting its assets and property in various
stocks and securities and Xx. Xxxxxx Xxxxxxxx is an
individual who seeks to invest in the Fund.
Xx. Xxxxxx Xxxxxxxx hereby agrees to invest $42,000 in cash
in the Fund as an investment. Xx. Xxxxxxxx'x investment will
remain in the Fund for a minimum of one year from the date
of purchase, June 8, 2003.
In witness whereof, the parties hereto have caused this
Subscription Agreement to be signed as of the 8th day of
June 2003.
Pennsylvania Avenue Funds By
/s/XXXXXX XXXXXXXX
_____________________________
Xxxxxx Xxxxxxxx, President
Pennsylvania Avenue Funds By
/s/XXXX XXXXXXXX
_____________________________
Xxxx Xxxxxxxx, Trustee
Pennsylvania Avenue Funds By
/s/XXXX WITOONCHATREE
_____________________________
Xxxx Witoonchatree, Trustee
Xx. Xxxxxx Xxxxxxxx
/s/XXXXXX XXXXXXXX
_____________________________
Xxxxxx Xxxxxxxx
SUBSCRIPTION AGREEMENT
June 17th, 2003
AGREEMENT, Made by and between the The Pennsylvania Avenue
Event-Driven Fund, a series of The Pennsylvania Avenue
Funds, a Delaware business trust (hereinafter called "Fund")
and Pennsylvania Avenue Partners, L.L.C., a limited
liability company organized under the laws of the State of
Delaware (hereinafter called "Company").
WITNESSETH: WHEREAS, Fund engages in the business of
investing and reinvesting its assets and property in various
stocks and securities and Pennsylvania Avenue Partners,
L.L.C. is an company that seeks to invest in the Fund.
The Company hereby agrees to invest $58,000 in cash in the
Fund as an investment The Company's investment will remain
in the Fund for a minimum of one year from the date of
purchase, June 17, 2003.
In witness whereof, the parties hereto have caused this
Subscription Agreement to be signed as of the 17th day of
June 2003.
Pennsylvania Avenue Partners, L.L.C
By /s/XXXXXX XXXXXXXX
_____________________________
Xxxxxx Xxxxxxxx, Managing Member
The Pennsylvania Avenue Event-Driven Fund
By
/s/XXXXXX XXXXXXXX
_____________________________
Xxxxxx Xxxxxxxx, President
By
/s/XXXX XXXXXXXX
_____________________________
Xxxx Xxxxxxxx, Trustee
By
/s/XXXX WITOONCHATREE
_____________________________
Xxxx Witoonchatree, Trustee