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EXHIBIT 13
PURCHASE AGREEMENT
Schwab Investments (the "Fund"), a Massachusetts business
trust, and Xxxxxxx Xxxxxx & Co., Inc. ("Schwab"), a California corporation,
hereby agree as follows:
1. The Fund hereby offers and Schwab hereby purchases 100
units of beneficial interest in each of Series E, F and G of the Fund,
representing interests in the Schwab Long-Term U.S. Government Bond Fund, the
Schwab Short/Intermediate Tax-Free Bond Fund and the Schwab California
Short/Intermediate Tax-Free Bond Fund, respectively, (such 100 units of
beneficial interest being hereafter collectively known as "Shares") at a price
of $10.00 per Share. Schwab hereby acknowledges purchase of the Shares and the
Fund hereby acknowledges receipt from Schwab of funds in the amount of $3,000 in
full payment for the Shares. It is further agreed that no certificate for the
Shares will be issued by the Fund.
2. Schwab represents and warrants to the Fund that the Shares
are being acquired for investment purposes and not with a view to the
distribution thereof.
3. The names "Schwab Investments" and "Trustees of Schwab
Investments" 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 October 26, 1990, 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 "Schwab Investments" 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 of 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 executed the
Agreement as of the 1st day of March 1993.
Attest: SCHWAB INVESTMENTS
/s/ Xxxxx X. Xxx By: /s/ Xxxxxxx Xxxx
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Name: Xxxxxxx Xxxx
Title: Assistant Secretary
Attest: XXXXXXX XXXXXX & CO., INC.
/s/ By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
Title: Senior Vice President
