Exhibit (13)(d)
PURCHASE AGREEMENT
The Commerce Funds (the "Trust"), a Delaware business trust, and Xxxxxxx,
Xxxxx & Co. ("Xxxxxxx"), a New York General Partnership, hereby agree with each
other as follows:
1. The Trust hereby offers Xxxxxxx and Xxxxxxx hereby purchases 1 share
of each of Series I-1 and I-2 shares representing interests in Institutional
Shares and Service Shares of the Commerce Growth and Income Fund, respectively,
(such beneficial interests in The Commerce Funds, a Delaware business trust,
being hereinafter known collectively as "Shares") at a purchase price of US
$10.00 per Share. Goldman hereby acknowledges purchase of the Shares and the
Trust hereby acknowledges receipt from Goldman of funds in the amount of US
$20.00 in full payment of the Shares.
2. All Shares offered and purchased in this Agreement are hereby being
made in a private offering.
3. Goldman represents and warrants to the Trust that all Shares purchased
in this Agreement are being acquired for investment purposes and not with a view
to the distribution thereof.
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties
hereto have executed the Agreement as of February 18, 1997.
Attest: THE COMMERCE FUNDS
/s/ Xxxxx XxXxxxxx By: /s/ Xxxxxx X. Xxxxxx
-------------------------------- ---------------------------
Title:President and Trustee
------------------------
Attest: XXXXXXX, XXXXX & CO.
/s/ Xxxxxxxxx Xxxxxx By: /s/ Xxxxxxx, Xxxxx and Co.
-------------------------------- ----------------------------
Title:
-------------------------
