EXHIBIT L
SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTORS
PRIVATE ASSET MANAGEMENT FUND
A SERIES OF THE
PRIVATE ASSET MANAGEMENT FUNDS
LETTER OF INVESTMENT INTENT
April 24, 2002
To the Board of Trustees of the Private Asset Management Funds:
The undersigned (the "Purchaser") hereby subscribes to purchase a
beneficial interest ("Interest") of the Private Asset Management Fund, a series
of the Private Asset Management Funds, in the amount of one hundred thousand
dollars ($100,000.00) for one thousand (5,000) shares at net asset value of
twenty dollars ($20.00) per share, in consideration for which the Purchaser
agrees to transfer to you upon demand cash in the amount of one hundred thousand
dollars ($100,000.00).
The Purchaser agrees that the Interest is being purchases for investment
purposes only and with no present intention of reselling or redeeming said
Interest.
Private Asset Management Inc.
Dated April 24, 2002
/s/ Xxxxxxx X. Xxxxx
By: Xxxxxxx X. Xxxxx, President
