PURCHASE AGREEMENT
BETWEEN
FFTW FUNDS, INC.
AND
Xxxxxxx X. Xxxxxxxxx
FFTW Funds, Inc. (the "Fund"), an open-end management investment
company, and Xxxxxxx X. Xxxxxxxxx (the "Purchaser"), intending to be legally
bound, hereby agree as follows:
1. In order to provide the Fund on behalf of its Mortgage LIBOR,
Asset-Backed, U.S. Corporate, High Yield, Enhanced Index, International
Opportunities, International Corporate, and Global High Yield (the
"Portfolios") with its initial capital, the Fund hereby sells to Purchaser
and Purchaser purchases 1 share of each of the eight Portfolios, par value
$0.001 per share, at a price of $10.00 per share. The Fund hereby
acknowledges receipt from Purchaser of funds in the amount of $80.00 in full
payment for 1 Share of each of the eight Portfolios.
2. Purchaser represents and warrants to the Fund that the shares are being
acquired for investment and not with a
view to distribution thereof.
3. The Purchaser's rights under the Purchase Agreement to purchase
shares in each of the Portfolios are not assignable.
IN WITNESS WHEREOF, the parties have executed this agreement as of
the 7th day of July, 1998.
FFTW FUNDS, INC.
By:____________________________
Xxxxxxx X. Xxxxxx
Director
PURCHASER
_____________________________
By: Xxxxxxx X. Xxxxxxxxx
