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Exhibit 13(i)
PURCHASE AGREEMENT
Schwab Capital Trust (the "Trust"), a Massachusetts business trust, and
Xxxxxxx Xxxxxx & Co., Inc. ("Schwab"), a California corporation, hereby agree on
May 19, 1998 as follows:
1. The Trust hereby offers and Schwab hereby purchases 1 unit of
beneficial interest for Series L of the trust representing interests in the
series of shares known as SCHWAB MARKETTRACK ALL EQUITY PORTFOLIO (FORMERLY
KNOWN AS SCHWAB ASSET DIRECTOR - AGGRESSIVE GROWTH FUND) (such 1 unit of
beneficial interest being hereafter collectively known as a "Share") at a price
of $10.00 per Share. Schwab hereby acknowledges purchase of the Share, and the
Trust hereby acknowledges receipt from Schwab of funds in the amount of $10.00
for such series of the Trust in full payment for the Share. It is further agreed
that no certificate for the Share will be issued by the Trust.
2. Schwab represents and warrants to the Trust that the Share is being
acquired for investment purposes and not with a view to the distribution
thereof.
3. The names "Schwab Capital Trust" and "Trustees of Schwab Capital
Trust" refer, respectively to the Trust created and the Trustees as Trustees but
not individually or personally, acting from time to time under an Agreement and
Declaration of Trust dated as of May 6, 1993, to which reference is hereby made
and a copy of which is on file at the Office of the Secretary of State of the
Commonwealth of Massachusetts and elsewhere as required by law, and to any and
all amendments thereto so filed or hereafter filed. The obligations of "Xxxxxx
Capital Trust" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are not made individually, but only in such
capacities, and are not binding upon any of the Trustees, Shareholders or
representatives of the Trust personally, but bind only the assets of the Trust,
and all persons dealing with any series of Shares of the Trust must look solely
to the assets for the Trust belonging to such series for the enforcement of any
claims against the Trust.
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed day and year first written above.
Attest: XXXXXX CAPITAL TRUST
/s/ Xxxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxx
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Xxxxx Xxxxxx Name: Xxxxxxx X. Xxxx
Title: Senior Vice President and
Chief Investment Officer
Attest: XXXXXXX XXXXXX & CO., INC.
/s/ Xxxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxx Xxxxxx Name: Xxxxxxx X. Xxxxxx
Title: Senior Vice President
