SHARE PURCHASE AGREEMENT
This Agreement is made this 28th day of January, 1993 between The
Pioneer Group, Inc., a Delaware corporation ("PGI") and Pioneer Tax-Free State
Series Trust, a Massachusetts business trust (the "Trust") on behalf of its
series, Pioneer California Double Tax-Free Fund, Pioneer New York Triple
Tax-Free Fund and Pioneer Massachusetts Double Tax-Free Fund (the "Series")..
WHEREAS, the Trust wishes to sell and PGI wishes to purchase 10,000
shares of beneficial interest of each Series at a purchase price of $11.00 per
share (the "Shares"); and
WHEREAS, PGI is purchasing the Shares for the purpose of providing the
initial capitalization of each Series of the Trust;
NOW, THEREFORE, the parties hereto agree as follows:
1. Simultaneously with the execution of this Agreement, PGI is
delivering to the Trust, on behalf of the Series, a check in the amount of
$330,000 in full payment for the Shares.
2. PGI agrees that it is purchasing the Shares for investment and has
no present intention of redeeming or reselling the Shares.
Executed as of the date first set forth above.
THE PIONEER GROUP, INC.
/s/ Xxxx X. Xxxxx, Xx.
Xxxx X. Xxxxx, Xx.
President
PIONEER TAX-FREE STATE SERIES TRUST
/s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
Secretary
