FORM OF STOCK SUBSCRIPTION AGREEMENT
THIS AGREEMENT by and between Xxxxx X. Xxxxxxxxx and Navellier Variable
Insurance Series Fund, Inc. (the "Fund"), a corporation organized and existing
under and by virtue of the laws of the State of Maryland.
In consideration of the mutual promises set forth herein, the parties agree
as follows:
1. The Fund agrees to sell to Xxxxx X. Xxxxxxxxx and Xxxxx X. Xxxxxxxxx
hereby subscribes to purchase the specified number of shares of common stock of
the following Portfolio of the Fund: 10,000 shares of the Navellier Growth
Portfolio each with a par value of $0.001 per Share, at a price of ten dollars
($10.00) per each Share.
2. Xxxxx X. Xxxxxxxxx agrees to pay $100,000 for all such Shares at the
time of their issuance, which shall occur upon call of the President of the
Fund, at any time on or before the effective date of the Fund's Registration
Statement filed by Navellier Variable Insurance Series Fund, Inc. on Form N-1A
with the Securities and Exchange Commission ("Registration Statement") on
February 28, 1997.
3. Xxxxx X. Xxxxxxxxx acknowledges that the Shares to be purchased
hereunder have not been, and will not be, registered under the federal
securities laws and that, therefore, the Fund is relying on certain exemptions
from such registration requirements, including exemptions dependent on the
intent of the undersigned in acquiring the Shares. Xxxxx X. Xxxxxxxxx also
understands that any resale of the Shares, or any part thereof, may be subject
to restrictions under the federal securities laws, and that Xxxxx X. Xxxxxxxxx
may be required to bear the economic risk of any investment in the Shares for an
indefinite period of time.
4. Xxxxx X. Xxxxxxxxx represents and warrants that he is acquiring the
Shares solely for his own account and solely for investment purposes and not
with a view to the resale or disposition of all or any part thereof, and that he
has no present plan or intention to sell or otherwise dispose of the Shares or
any part thereof.
5. Xxxxx X. Xxxxxxxxx agrees that he will not sell or dispose of the Shares
or any part thereof unless the Registration Statement with respect to such
Shares is then in effect under the Securities Act of 1933, as amended.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement this
_____ day of _______________, 1998.
____________________________________
Xxxxx X. Xxxxxxxxx
NAVELLIER VARIABLE INSURANCE SERIES
FUND, INC.
By:_________________________________
Title:
