SUBSCRIPTION AGREEMENT
Exhibit (l)(2)
For and in consideration of the mutual agreements herein contained, _______________ (the “Subscriber”) hereby agrees to purchase from Ambassador Funds (the “Fund”), a Delaware statutory trust, and the Fund agrees to sell to the Subscriber, 100 shares of beneficial interest of the Ambassador Enhanced S&P 500 Index Fund, no par value, at the price of $10.00 per share, upon the following terms and conditions.
1.
The Subscriber agrees to pay $1,000.00 to the Fund upon demand.
2.
The Subscriber agrees that the shares are being purchased for investment with no present intention of reselling or redeeming said shares.
SUBSCRIBER:
Date: ________________, 2005
_________________________________
Print Name: _______________________
SUBSCRIPTION AGREED TO:
AMBASSADOR FUNDS, on behalf of its series known as the “Ambassador Enhanced S&P 500 Index Fund”
Date: ________________, 2005
By: _____________________________
Name: _________________________
Title: ___________________________
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