Exhibit (13)(c)
PURCHASE AGREEMENT
AGREEMENT dated this _____________________ day of ___________ , 199__,
by and between Pegasus Variable Annuity Fund (the "Trust"), a Delaware
business trust, and ITT Hartford Life and Annuity Insurance Company ("ITT"), a
Connecticut corporation.
1. The Trust hereby offers ITT and ITT hereby purchases, as of the
date first shown above, one (1) share of beneficial interest of Series F,
Series G and Series H, ($.10 par value per share) representing interests in
the Pegasus Bond Fund, Intrinsic Value Fund and International Equity Fund at a
price of $10.00 per share (collectively, "Shares"). ITT hereby acknowledges
purchase of the Shares and the Trust hereby acknowledges receipt from ITT of
funds in the amount of $30.00 in full payment for the Shares.
2. ITT represents and warrants to the Trust that the Shares are being
acquired for investment purposes and not with a view to the distribution
thereof.
3. The names "Pegasus Variable Annuity Fund" and "Trustees of Pegasus
Variable Annuity Fund" refer respectively to the Trust created and the
Trustees, as trustees but not individually or personally, acting from time to
time under the Trust Instrument dated as of November 7, 1994 which is hereby
referred to and a copy of which is on file at the office of the State
Secretary of the Commonwealth of Delaware and at the principal office of the
Trust. The obligations of "Pegasus Variable Annuity Fund" entered into in the
name or on behalf thereof by any of the Trustees, representatives or agents
are made not by any of the Trustees, representatives or agents are made not
individually, but in such capacities, and are not binding upon any of the
Trustees, shareholders or representatives of the Trust personally, but bind
only the Trust Property, and all persons dealing with any class of shares of
the Trust must look solely to the Trust Property belonging to such class for
the enforcement of any claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the ____ day of _____________, 199__.
PEGASUS VARIABLE ANNUITY FUND
Attest:
_________________________________ By: ________________________________
Xxxxxx X. Xxxxxxxxxx
President
ITT Hartford Life and Annuity
Insurance Company
Attest:
_________________________________ By: ________________________________
