EXHIBIT 99.13
PURCHASE AGREEMENT
Prudential Developing Markets Fund (the Fund), an open-end, diversified
management investment company and a Delaware business trust, and Prudential
Investments Fund Management LLC, a New York limited liability company (PIFM),
intending to be legally bound, hereby agree as follows:
1. In order to provide the Fund with its initial capital, the Trust
hereby sells to PIFM, and PIFM hereby purchases, 10,000 shares of beneficial
interest (the Shares) of the Trust. The Shares are apportioned as follows:
Prudential Developing Markets Equity Fund: 1,250 Shares of Class A, 1,250 of
Class B, 1,250 Class C and 1,250 Shares of Class Z, each at the net asset value
of $10.00 per share; and Prudential Latin America Equity Fund: 1,250 Shares of
Class A, 1,250 Shares of Class B, 1,250 Shares of Class C, and 1,250 Shares of
Class Z. The Trust hereby acknowledges receipt from PIFM of funds in the amount
of $100,000 in full payment for the Shares.
2. PIFM represents and warrants to the Trust that the Shares are
being acquired for investment and not with a view to distribution thereof and
that PIFM has no present intention to redeem and dispose of any of the Shares.
3. PIFM hereby agrees that it will not redeem any of the Shares
except in direct proportion to the amortization of organizational expenses by
the Trust. In the event that the Trust liquidates before deferred
organizational expenses are fully amortized, then the Shares shall bear their
proportionate share of such unamortized organizational expenses.
IN WITNESS THEREOF, the parties have executed this agreement as of the
1st day of June, 1998.
Prudential Developing Markets Fund
By: /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
President
Prudential Investments Fund Management
LLC
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Executive Vice President
