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EXHIBIT (l)
PURCHASE AGREEMENT
e-xxxxxx Funds (the "Trust"), a Delaware business trust registered as
an open-end, diversified management investment company, and e-xxxxxx Capital
Management LLC, a Delaware limited liability company, intending to be legally
bound, hereby agree as follows:
1. In order to provide the Trust with its initial capital, the Trust
hereby sells to e-xxxxxx Capital Management LLC, and e-xxxxxx Capital Management
LLC hereby purchases: 10,000 shares of beneficial interest of the Class A shares
of e-xxxxxx Internet Fund (the "Shares"), at the net asset value per share of
$10.00. The Trust hereby acknowledges receipt from e-xxxxxx Capital Management
LLC of funds in the amount of $100,000 in full payment for the Shares.
2. e-xxxxxx Capital Management LLC represents and warrants to the Trust
that the Shares are being acquired for investment purposes and not with a view
to distribution thereof and that e-xxxxxx Capital Management LLC has no present
intention to redeem and dispose of any of the Shares.
IN WITNESS WHEREOF, the parties have executed this agreement as of the
___ day of _________________, 2000.
E-XXXXXX FUNDS
By:
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Xxxxxx Xxx Xxxxxxxx
President
E-XXXXXX CAPITAL MANAGEMENT LLC
By:
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Name: Xxxxx Xxxxxxxx
Title: President
