PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"), and
▇▇▇▇ ▇. ▇▇▇▇▇▇ ("▇▇▇▇▇▇"), 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 ▇▇▇▇▇▇ and ▇▇▇▇▇▇ hereby purchases from the Fund
1,000 shares of common stock of the Trust's ▇▇▇▇▇▇▇ Utility Fund (the
"Shares") at $10.00 per share. The Trust hereby acknowledges receipt
from ▇▇▇▇▇▇ of $10,000 in full payment for the Shares.
2. ▇▇▇▇▇▇ represents and warrants to the Fund that the Shares are
being acquired for investment and not with a view to distribution
thereof and that ▇▇▇▇▇▇ has no present intention to redeem or dispose
of any of the Shares.
3. ▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Its: Vice President
/S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇
PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"), and
VALASSIS IRREVOCABLE TRUST u/t/a October 14, 1992, f/b/o D. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
("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 ▇▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
Its: President
VALASSIS IRREVOCABLE TRUST u/t/a
October 14, 1992, f/b/o
D. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
By: /S/ ▇▇▇▇ ▇▇▇▇▇▇▇▇
Its Trustee
PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"), and
VALASSIS IRREVOCABLE TRUST u/t/a October 14, 1992, f/b/o ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
("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 ▇▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
Its: President
VALASSIS IRREVOCABLE TRUST u/t/a
October 14, 1992, f/b/o
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
By: /S/ ▇▇▇▇ ▇▇▇▇▇▇▇▇
Its Trustee
PURCHASE AGREEMENT
▇▇▇▇▇▇▇ INVESTMENTS, a Massachusetts business trust (the "Trust"), and
VALASSIS IRREVOCABLE TRUST u/t/a October 14, 1992, f/b/o ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
("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 ▇▇▇▇▇▇▇ 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.
▇▇▇▇▇▇▇ INVESTMENTS
By: /S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
Its: President
VALASSIS IRREVOCABLE TRUST u/t/a
October 14, 1992, f/b/o
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
By: /S/ ▇▇▇▇ ▇▇▇▇▇▇▇▇
Its Trustee
