SUBSCRIPTION AGREEMENT
Xxxxxxx Funds, Inc.
0000 Xxxxx Xxxx Xxxxxx
Xxxxxx, Xxxxxxxxx 00000
Ladies and Gentlemen:
The undersigned hereby subscribes to 10,000 shares of Common Stock,
$0.0001 par value per share, of Xxxxxxx Funds, Inc., consisting of
________ shares of the Intermediate Fixed Income Fund, ___________shares
of the Large Cap Equity Fund, ________ shares of the Small Cap Equity Fund
and ______ shares of the International Equity Fund (the Intermediate Fixed
Income Fund, Large Cap Equity Fund, Small Cap Equity Fund and
International Equity Fund are hereinafter collectively referred to as the
"Funds"). In consideration for which the undersigned agrees to transfer to
you upon demand cash in the amount of $100,000 ($10 per share of each
Fund). It is understood that upon receipt by you of payment therefor,
said shares shall be issued and shall be deemed to be fully paid and
nonassessable. The undersigned agrees that the shares are being purchased
for investment with no present intention of reselling or redeeming said
shares.
The proceeds of redemption of these shares by you will be reduced by a
pro rata portion of any then unamortized organization expenses of the
Funds. This proration will be calculated by dividing the number of shares
to be redeemed by the aggregate number of shares held which represent the
initial capital of the Funds.
Dated and effective as of this ___day of __________, 1998.
___________________________
Xxxxxx X. Xxxxxxx
ACCEPTANCE
The foregoing subscription is hereby accepted. Dated and effective as of
this _____ day of ____________, 1998.
XXXXXXX FUNDS, INC.
By:__________________________
President
