NORCAP FUNDS, INC. SUBSCRIPTION AGREEMENT
Exhibit l
NORCAP FUNDS, INC.
To the Board of Directors of NorCap Funds, Inc.:
The undersigned purchaser (the “Purchaser”) hereby subscribes to the number of shares (the “Shares”) of common stock of NorCap Funds, Inc. (the “Company”) as follows:
Class | Series | Number of Shares | Aggregate Purchase Price |
NorCap Growth Fund | Investor Shares | 10,000 | $100,000 |
It is understood that a certificate representing the Shares shall not be issued to the undersigned, but such ownership shall be recorded on the books and records of the Company’s transfer agent. Notwithstanding the fact that a certificate representing ownership will not be issued, the Shares will be deemed fully paid and nonassessable, except to the extent provided in Section 180.0622(2)(b) of the Wisconsin Statutes.
The Purchaser agrees that the Shares are being purchased for investment with no present intention to resell or redeem the Shares.
Dated and effective as of the 1st day of July, 2003.
PURCHASER
By:
/s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx
ACCEPTANCE
The foregoing subscription is hereby accepted.
Dated and effective as of the 1st day of July, 2003.
NORCAP FUNDS, INC.
/s/ Xxxxxx X. Xxxxxx
By: Xxxxxx X. Xxxxxx, Chairman and President
/s/ Xxxxx X. Xxxxxx
Attest:
By: Xxxxx X. Xxxxxxx, Secretary
