Exhibit 23(l)
FORM OF
PURCHASE AGREEMENT
SmithGraham Institutional Funds (the "Trust"), a Delaware business trust, and
Xxxxx, Xxxxxx & Co. Investment Advisors, L.P. (the "Purchaser") hereby agree as
follows:
1. The Trust hereby offers the Purchaser and the Purchaser hereby purchases
33,333.33 shares, 33,333.33 shares and 3,333.334 shares of the SG
Government Money Market Fund, SG Prime Money Market Fund and the SG Yield
Plus Fund, respectively, each with no par value, for consideration of
$1.00, $1.00 and $10.00, per share, respectively (collectively, the
"Shares"). The Purchaser hereby acknowledges receipt of a purchase
confirmation reflecting the purchase of the Shares, and the Trust hereby
acknowledges receipt from the Purchaser of funds in the aggregate amount of
$100,000 in full payment for the Shares.
2. The Purchaser represents and warrants to the Trust that the Shares are
being acquired for investment purposes and not with a view to the
distribution thereof.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
28th day of June, 2002.
Smithgraham Institutional Funds
By: /s/ Xxxxx X. House
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Name: Xxxxx X. House
Title: President
Xxxxx, Xxxxxx & Co. Investment Advisors, L.P.
By: SGC Advisors, Inc - General Partner
By: /s/ Xxxxxx X. Xxxxxxx, Ph.D.
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Name: Xxxxxx X. Xxxxxxx, Ph.D.
Title: Executive Vice President
