INITIAL CAPITAL AGREEMENT
July 27, 2006
Board of Trustees of
Surgeons Diversified Investment Fund
000 Xxxxxxxx Xxxxx
Xxxxx 000
Xxxxxxxxxx, Xxxx 00000
Ladies and Gentlemen:
The undersigned hereby subscribes for 10,000 shares of beneficial interest,
no par value, of the Surgeons Diversified Investment Fund (the "Fund"), a series
of Surgeons Diversified Investment Fund, an Ohio Business Trust (the "Trust"),
at $10.00 per share for an aggregate purchase price of $100,000. Our payment in
full is hereby confirmed.
The undersigned represents and agrees that it is: 1) an accredited investor
within the meaning of the Securities Act of 1933 (the "1933 Act"); 2) 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 1933 Act, nor with any present intention of distributing or selling such
shares; and 3) is the investment manager to the Fund and therefore intimately
familiar with all material factors associated with this investment, including
all risks associated therewith.
Very truly yours,
Surgeons Asset Management, LLC
By: /s/ Gay X. Xxxxxxx
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Gay X. Xxxxxxx, Comptroller
Name: Gay X. Xxxxxxx
Title: Comptroller
Confirmed and Accepted:
Surgeons Diversified Investment Fund
By: /s/ Xxxxxxx X. Xxx
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Xxxxxxx X. Xxx, Esq.
President
