EXHIBIT l
SUBSCRIPTION AGREEMENT
June 30, 2003
To the Board of Directors of Xxxxx Value Fund, Inc.:
To provide the initial capital for Xxxxx Value Fund, Inc. (the "Fund"), the
persons listed below (the "Undersigned") have agreed to purchase shares of the
Fund in the amounts listed below.
The Undersigned agree that their funds are for investment purposes only and with
no present intention of reselling or redeeming their shares for at least one
year from the date of this agreement, although the Undersigned intend to hold
their shares much longer.
Name(s) Amount Invested Signature(s) Date
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Xxxxxx X. Xxxxx $6,857.80 /s/ Xxxxxx X. Xxxxx 6/30/03
Xxxxx X. Xxxxx $25,000.00 /s/ Xxxxx X. Xxxxx 6/30/03
Xxxxxx X. Xxxxx & $40,000.00 /s/ Xxxxxx X. Xxxxx 6/30/03
Xxxxxx X. Xxxxx /s/ Xxxxxx X. Xxxxx 6/30/03
Xxxxxxx X. Xxxxx $20,000.00 /s/ Xxxxxxx X. Xxxxx 6/30/03
Xxxxxx X. Xxxxx custodian $8,142.20 /s/ Xxxxxx X. Xxxxx 6/30/03
for Xxxxx X. Xxxxx
Total: $100,000.00
