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XXXXX XXXXXX CONCERT SERIES INC.
FORM OF PURCHASE AGREEMENT
Xxxxx Xxxxxx Concert Series Inc. (the "Fund"), a corporation
organized under the laws of the State of Maryland, and Xxxxx Xxxxxx Inc.
("Xxxxx Xxxxxx") hereby agree as follows:
1. The Fund offers Xxxxx Xxxxxx and Xxxxx Xxxxxx hereby agrees to
purchase the number and amount of shares shown on the Schedule attached to
this Agreement of the Aggressive Portfolio (High Growth Portfolio), the Growth
Portfolio, the Traditional Portfolio (Conservative Portfolio), the Balanced
Portfolio and the Income Portfolio, each a series of the Fund with four
classes of shares, each having a par value of $.001 per share (the "Shares")
at a price of $11.40 per Share (the Shares of Class A of Aggressive
Portfolio (High Growth Portfolio) being "Initial Shares"). Xxxxx Xxxxxx
hereby acknowledges receipt of certificates representing the Initial Shares
and the Fund hereby acknowledges receipt from Xxxxx Xxxxxx of $100,000 in
full payment for the Initial Shares. Shares other than the Initial Shares may
be purchased subsequent to payment for the Initial Shares.
2. Xxxxx Xxxxxx represents and warrants to the Fund that the
Initial Shares are being acquired for investment purposes and not for the
purpose of distributing them.
3. Xxxxx Xxxxxx agrees that if any holder of the Initial Shares
redeems any Initial Share in the Fund before five years after the date upon
which the Fund commences its investment activities, the redemption proceeds
will be reduced by the amount of unamortized organizational expenses, in the
same proportion as the number of Initial Shares being redeemed bears to the
number
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of Initial Shares outstanding at the time of redemption. The parties hereby
acknowledge that any Shares acquired by Xxxxx Xxxxxx other than the Initial
Shares will not be acquired to fulfill the requirements of Section 14 of the
Investment Company Act of 1940, as amended, and if redeemed, their redemption
proceeds will not be subject to reduction based on the unamortized
organizational expenses of the Fund.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the __ day of ________, 1996.
XXXXX XXXXXX CONCERT SERIES INC.
By:
Name:
Title:
ATTEST:
XXXXX XXXXXX INC.
By:
Name:
Title:
ATTEST:
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Schedule
Portfolio Amount of Shares Price Per Share Total
--------- ---------------- --------------- -----
High Growth Portfolio
Class A 8,772 $11.40 $ 100,000
Class B 1 $11.40 11.40
Class C 1 $11.40 11.40
Class Y 1 $11.40 11.40
Growth Portfolio
Class A 1 $11.40 11.40
Class B 1 $11.40 11.40
Class C 1 $11.40 11.40
Class Y 1 $11.40 11.40
Balanced Portfolio
Class A 1 $11.40 11.40
Class B 1 $11.40 11.40
Class C 1 $11.40 11.40
Class Y 1 $11.40 11.40
Conservative Portfolio
Class A 1 $11.40 11.40
Class B 1 $11.40 11.40
Class C 1 $11.40 11.40
Class Y 1 $11.40 11.40
Income Portfolio
Class A 1 $11.40 11.40
Class B 1 $11.40 11.40
Class C 1 $11.40 11.40
Class Y 1 $11.40 11.40
_______ ________
Total $ 8,791 $100,217
