Exhibit 13(f)
PURCHASE AGREEMENT
Salomon Brothers Series Funds Inc (the "Company"), a Maryland
corporation, and Salomon Brothers Asset Management Inc ("SBAM"), a Delaware
corporation, hereby agree as follows:
1. The Company hereby offers SBAM and SBAM hereby purchases 125
shares of each of A Sub-Class, B Sub-Class, C Sub-Class and O Sub-Class of the
Company's Class K (Small Cap Growth Fund) capital stock (par value $.001 per
share) for consideration of $10.00 per share (collectively, the "Shares"). SBAM
hereby acknowledges receipt of a purchase confirmation reflecting the purchase
of the Shares, and the Company hereby acknowledges receipt from SBAM of funds in
the amount of $5,000.00 in full payment for the Shares.
2. SBAM represents and warrants to the Company that the Shares are
being acquired for investment purposes and not with a view to the distribution
thereof.
3. SBAM agrees that if it or any direct or indirect transferee of
any of the Shares redeems any of the Shares prior to the fifth anniversary of
the date the Company begins its investment activities, SBAM will pay to the
Company an amount equal to the number resulting from multiplying the Company's
total unamortized organizational expenses by a fraction, the numerator of which
is equal to the number of Shares redeemed by SBAM or such transferee and the
denominator of which is equal to the number of Shares outstanding as of the date
of such redemption, as long as the administration position of the staff of the
Securities Exchange Commission requires such reimbursement.
2
IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the 2nd day of January, 1998.
SALOMON BROTHERS SERIES FUNDS INC
Attest:
By:
----------------------- --------------------------
Xxxxxxx X. Xxxxxx
President
(SEAL)
SALOMON BROTHERS ASSET MANAGEMENT INC
Attest:
By:
------------------------ ---------------------------
Xxxxxxx X. Xxxxxx
President
