INVESTMENT LETTER
XXXXXXXX FRONTIER FUND, INC.
Xxxxxxxx Frontier Fund, Inc. (the "Fund"), an open-end diversified management
investment company, and the undersigned ("Purchaser"), intending to be legally
bound, hereby agree as follows:
1. The Fund hereby sells to Purchaser and Purchaser purchases 1 Class D
share (the "Share") of Capital Stock (par value $.10) of the Fund at
a price equivalent to the net asset value of one share of the Fund
as of the close of business on April 30, 1993. The Fund hereby
acknowledges receipt from Purchaser of funds in such amount in full
payment for the Share.
2. Purchaser represents and warrants to the Fund that the Shares are
being acquired for investment and not with a view to distribution
thereof, and that Purchaser has no present intention to redeem or
dispose of the Share.
IN WITNESS WHEREOF, the parties have executed this agreement as of the __ day of
April, 1993 ("Purchase Date").
SELIGMAN FRONTIER FUND, INC.
By:
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Name:
Title:
X. & X. XXXXXXXX & CO. INCORPORATED
By:
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Name:
Title:
