PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"), and
XXXX X. XXXXXX ("Xxxxxx"), intending to be legally bound, hereby agree as
follows:
1. In order to provide the Trust with its initial capital, the
Fund hereby sells to Xxxxxx and Xxxxxx hereby purchases from the Fund
1,000 shares of common stock of the Trust's Xxxxxxx Utility Fund (the
"Shares") at $10.00 per share. The Trust hereby acknowledges receipt
from Xxxxxx of $10,000 in full payment for the Shares.
2. Xxxxxx represents and warrants to the Fund that the Shares are
being acquired for investment and not with a view to distribution
thereof and that Xxxxxx has no present intention to redeem or dispose
of any of the Shares.
3. Xxxxxx hereby agrees that it will not redeem any of the Shares
prior to the time that the Trust has completed the amortization of
its organizational expenses. In the event that the Trust liquidates
before the deferred organizational expenses are fully amortized, then
the Shares shall bear their proportionate share of such unamortized
organization expenses.
IN WITNESS WHEREOF, the parties have executed this agreement on the
25th day of August, 1993.
XXXXXXX INVESTMENTS
By: /S/ XXXXX XXXXXXXX
Its: Vice President
/S/ XXXX X. XXXXXX
Xxxx X. Xxxxxx
PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"), and
VALASSIS IRREVOCABLE TRUST u/t/a October 14, 1992, f/b/o D. Xxxxx Xxxxxxxx
("Valassis"), intending to be legally bound, hereby agree as follows:
1. In order to provide the Trust with its initial capital, the
Fund hereby sells to Valassis and Valassis hereby purchases from the
Fund 3,000 shares of common stock of the Trust's Xxxxxxx Utility Fund
(the "Shares") at $10.00 per share. The Trust hereby acknowledges
receipt from Valassis of $30,000 in full payment for the Shares.
2. Valassis represents and warrants to the Fund that the Shares
are being acquired for investment and not with a view to distribution
thereof and that Valassis has no present intention to redeem or
dispose of any of the Shares.
3. Valassis hereby agrees that it will not redeem any of the
Shares prior to the time that the Trust has completed the
amortization of its organizational expenses. In the event that the
Trust liquidates before the deferred organizational expenses are
fully amortized, then the Shares shall bear their proportionate share
of such unamortized organization expenses.
IN WITNESS WHEREOF, the parties have executed this agreement on the
25th day of August, 1993.
XXXXXXX INVESTMENTS
By: /S/ XXXX X. XXXXXX
Its: President
VALASSIS IRREVOCABLE TRUST u/t/a
October 14, 1992, f/b/o
D. Xxxxx Xxxxxxxx
By: /S/ Xxxx Xxxxxxxx
Its Trustee
PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"), and
VALASSIS IRREVOCABLE TRUST u/t/a October 14, 1992, f/b/o Xxxx X. Xxxxxxxx
("Valassis"), intending to be legally bound, hereby agree as follows:
1. In order to provide the Trust with its initial capital, the
Fund hereby sells to Valassis and Valassis hereby purchases from the
Fund 3,000 shares of common stock of the Trust's Xxxxxxx Utility Fund
(the "Shares") at $10.00 per share. The Trust hereby acknowledges
receipt from Valassis of $30,000 in full payment for the Shares.
2. Valassis represents and warrants to the Fund that the Shares
are being acquired for investment and not with a view to distribution
thereof and that Valassis has no present intention to redeem or
dispose of any of the Shares.
3. Valassis hereby agrees that it will not redeem any of the
Shares prior to the time that the Trust has completed the
amortization of its organizational expenses. In the event that the
Trust liquidates before the deferred organizational expenses are
fully amortized, then the Shares shall bear their proportionate share
of such unamortized organization expenses.
IN WITNESS WHEREOF, the parties have executed this agreement on the
25th day of August, 1993.
XXXXXXX INVESTMENTS
By: /S/ XXXX X. XXXXXX
Its: President
VALASSIS IRREVOCABLE TRUST u/t/a
October 14, 1992, f/b/o
Xxxx X. Xxxxxxxx
By: /S/ Xxxx Xxxxxxxx
Its Trustee
PURCHASE AGREEMENT
XXXXXXX INVESTMENTS, a Massachusetts business trust (the "Trust"), and
VALASSIS IRREVOCABLE TRUST u/t/a October 14, 1992, f/b/o Xxxxx X. Xxxxxxxx
("Valassis"), intending to be legally bound, hereby agree as follows:
1. In order to provide the Trust with its initial capital, the
Fund hereby sells to Valassis and Valassis hereby purchases from the
Fund 3,000 shares of common stock of the Trust's Xxxxxxx Utility Fund
(the "Shares") at $10.00 per share. The Trust hereby acknowledges
receipt from Valassis of $30,000 in full payment for the Shares.
2. Valassis represents and warrants to the Fund that the Shares
are being acquired for investment and not with a view to distribution
thereof and that Valassis has no present intention to redeem or
dispose of any of the Shares.
3. Valassis hereby agrees that it will not redeem any of the
Shares prior to the time that the Trust has completed the
amortization of its organizational expenses. In the event that the
Trust liquidates before the deferred organizational expenses are
fully amortized, then the Shares shall bear their proportionate share
of such unamortized organization expenses.
IN WITNESS WHEREOF, the parties have executed this agreement on the
25th day of August, 1993.
XXXXXXX INVESTMENTS
By: /S/ XXXX X. XXXXXX
Its: President
VALASSIS IRREVOCABLE TRUST u/t/a
October 14, 1992, f/b/o
Xxxxx X. Xxxxxxxx
By: /S/ Xxxx Xxxxxxxx
Its Trustee
