AMERISTOCK ETF TRUST SUBSCRIPTION AGREEMENT
Exhibit
l
This
Subscription Agreement (the "Agreement") made
this 9th day of March, 2007, by and between Ameristock ETF Trust, a statutory
trust organized and existing under the laws of the State of Delaware (the
“Trust”), and Xxxxx Gate Reinsurance Ltd., an insurance company organized under
Bermuda law (the
"Subscriber").
l.
The
Subscriber subscribes for and agrees to purchase from the Trust 800 shares
of
each of the Ameristock/Xxxx 1-Year Treasury ETF, Ameristock/Xxxx 2-Year Treasury
ETF, Ameristock/Xxxx 5-Year Treasury ETF, Ameristock/Xxxx 10-Year Treasury
ETF
and Ameristock/Xxxx 20-Year Treasury ETF, each a series of the Trust, for a
purchase price of $25.00 per share.
2.
The
Subscriber represents and warrants that the shares subscribed for are being
and
will be acquired for investment for its own account and not on behalf of any
other person or persons and not with a view to, or for sale in connection with,
any public distribution thereof. The Subscriber is purchasing the shares
pursuant to Section 14 of the Investment Company Act of 1940 in order to provide
the seed capital for the Trust prior to the commencement of the public offering
of its shares.
3.
This
Agreement is executed on behalf of the Trust by the Trust's officers as officers
and not individually and the obligations imposed upon the Trust by this
Agreement are not binding upon any of the Trust's Trustees, officers or
shareholders individually but are binding only upon the assets and property
of
the Trust. The
execution and delivery of this Agreement has been authorized by the Trustees
of
the Trust, and signed by an authorized officer of the Trust, acting as such,
and
neither the authorization by the Trustees nor the execution and delivery by
the
officer will be deemed to have been made by any of them individually or to
impose any liability on any of them personally, but will bind only the trust
property of the Trust. No series of the Trust will be liable for any claims
against any other series.
1
IN
WITNESS WHEREOF, this Subscription Agreement has been executed by the parties
hereto as of the date first above written.
| Xxxxx
Gate Reinsurance Ltd.
Signature:
/s/
Xxxxxxxx X. Xxxxxx
By: Xxxxxxxx
X. Xxxxxx
Title: Vice
President and Chief Investment Officer
Signature:
/s/
Xxxxxxxx X. Xxxxxx
By:
Xxxxxxxx X. Xxxxxx
Title: President
and Treasurer
|
2
