INITIAL CAPITAL AGREEMENT
Exhibit 99 (l)
January 5, 2021
Humankind Benefit Corporation
000 Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 4,000 Shares of Beneficial Interest, par value $0.0001 per share, of the Humankind US Stock ETF a series of Humankind Benefit Corporation, a Maryland benefit corporation, at $25.00
per share for an aggregate purchase price of $100,000. By signing below, payment in full is confirmed.
The undersigned represents and agrees that it is purchasing these Shares for investment purposes, for its own account and risk and not with a view to any sale, division or other distribution thereof within the meaning
of the Securities Act of 1933, nor with any present intention of distributing or selling such shares.
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Very truly yours,
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Humankind Investments LLC
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By:
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/s/ Xxxxx X. Xxxx
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Name:
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Xxxxx X. Xxxx
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Title:
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Chief Executive Officer
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Confirmed and Accepted:
Humankind Benefit Corporation
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By:
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/s/ Xx Xxx
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Name: Xx Xxx
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Title: Vice-President
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