EX-99.B(13)
TOTAL RETURN U.S. TREASURY FUND, INC.
SUBSCRIPTION AGREEMENT
For and in consideration of the mutual agreements herein
contained, X.X. Xxxxxxxx, Xxxxxx Xxxxxxxx Inc. ("X.X. Xxxxxxxx"), hereby agrees
to purchase from Total Return U.S. Treasury Fund, Inc., a Maryland corporation,
(the "Fund") and the Fund agrees to sell 10,000 shares of the Fund's X.X.
Xxxxxxxx Total Return U.S. Treasury Fund Shares, without par value at a price of
$10.00 per share, (the "Shares") upon the terms and conditions set forth herein.
X.X. Xxxxxxxx agrees to purchase such Shares and to pay the
full consideration therefor to the Fund upon demand.
X.X. Xxxxxxxx hereby confirms to the Fund its representations
that it is purchasing such Shares for investment purposes, with no present
intention of redeeming or reselling any portion thereof, and its agreement that
in the event it should dispose of any of such Shares, such transaction will be
affected by redeeming such Shares through the Fund. In the event that X.X.
Xxxxxxxx redeems any of the Shares within five years of the date on which the
Fund commences operations it will reimburse the fund for any unamortized costs
of the Fund's organization in the same proportion as the number of Shares to be
redeemed bears to the number of Shares purchased hereby.
X.X. XXXXXXXX, XXXXXX XXXXXXXX INC.
By: /s/ Xxxxxx X. Xxxxx, Xx.
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Title: Vice Chairman
Dated: As of Aug. 2 , 1988
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Subscription Accepted:
TOTAL RETURN U.S. TREASURY FUND, INC.
By: /s/ R. Xxxx Xxxxxxx
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Title: President
TOTAL RETURN U.S. TREASURY FUND, INC.
SUBSCRIPTION AGREEMENT
For and in consideration of the mutual agreements herein
contained, Alex. Xxxxx Incorporated ("Alex. Xxxxx") hereby agrees to purchase
from Total Return U. S. Treasury Fund, Inc., a Maryland corporation, (the
"Fund") and the Fund agrees to sell 5,000 shares of the Fund's Flag Investors
Total Return U.S. Treasury Fund Shares, par value $.001 per share, at a price of
$10.00 per share, (the "Shares") upon the terms and conditions set forth herein
and as part of a public offering pursuant to the terms and conditions of the
Fund's Registration Statement.
Alex. Xxxxx agrees to purchase such Shares and to pay the full
consideration therefor to the Fund upon demand.
Alex. Xxxxx hereby confirms to the Fund its representations
that it is purchasing such Shares for investment purposes, with no present
intention of redeeming or reselling any portion thereof, and its agreement that
in the event it should dispose of any of such Shares, such transaction will be
effected by redeeming such Shares through the Fund. In the event that Alex.
Xxxxx redeems any of the Shares within five years of the date on which the Fund
commences operations it will reimburse the Fund for any unamortized costs of the
Fund's organization in the same proportion as the number of Shares to be
redeemed bears to the number of Shares purchased hereby.
ALEX. XXXXX INCORPORATED
BY: /s/ Xxxxxxx Xxxxxx
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TITLE: CFO
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Dated: As of August 2 , 1988
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Subscription Accepted:
TOTAL RETURN U.S. TREASURY FUND, INC.
BY: /s/ Xxxxx X. Xxxxxx
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TITLE: /s/ Vice President & Secretary
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