Initial Capital Agreement
Exhibit 23L
April 11, 2007
Board of Trustees of
Xxx Xxxxx Xxxx
Xxxxx 000
Xxxxxx, XX 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 10,000 Shares of Beneficial Interest, no par value, of The Simple Capital Global Fund, a series of The Simple Capital Trust, a Massachusetts business trust, at $10.00 per share for an aggregate purchase price of $100,000.
The undersigned represents and agrees that it is purchasing these Shares for investment purposes, for its own account and risk and not with a view to any sale, division or other distribution thereof within the meaning of the Securities Act of 1933, nor with any present intention of distributing or selling such shares.
Very truly yours,
Xxxxx Xxxxxxxx
By: /s/ Xxxxx Xxxxxxxx
Xxxxx Xxxxxxxx
Confirmed and Accepted:
The Simple Capital Global Fund
By: /s/ Xxxxxxx Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxxxx Xxxxxxx
President
