Exhibit (l)(ix)
PURCHASE AGREEMENT
Schwab Investments (the "Trust"), a Massachusetts business trust,
and Xxxxxxx Xxxxxx & Co., Inc. ("Schwab"), a California corporation, hereby
agree as follows:
1. The Trust hereby offers and Schwab hereby purchases one unit
of beneficial interest in each class of Series L, representing, interests in the
Investor Shares and Select Shares, respectively, of the Schwab Inflation
Protected Fund (the "Fund") at a price of $10.00 per Share (such units of
beneficial interest being hereafter collectively known as "Shares"). Schwab
hereby acknowledges purchase of the Shares and the Fund hereby acknowledges
receipt from Schwab of funds in the amount of $20 in full payment for the
Shares. It is further agreed that no certificate for the Shares will be issued
by the Fund.
2. Schwab represents and warrants to the Funds that the Shares
are being acquired for investment purposes and not with a view to the
distribution thereof.
3. The names "Schwab Investments" and "Trustees of Schwab
Investments" refer, respectively to the Trust created and the Trustees as
Trustees but not individually or personally, acting from time to time under an
Agreement and Declaration of Trust dated as of October 26, 1990, to which
reference is hereby made and a copy of which is on file at the Office of the
Secretary of State of the Commonwealth of Massachusetts and elsewhere as
required by law, and to any and all amendments thereto so filed or hereafter
filed. The obligations of "Schwab Investments" entered into in the name or on
behalf thereof by any of the Trustees, representatives or agents are not made
individually, but only in such capacities, and are not binding upon any of the
Trustees, Shareholders or representatives of the Trust personally, but bind only
the assets of the Trust, and all persons dealing with any series of Shares of
the Trust must look solely to the assets of the Trust belonging to such series
for the enforcement of any claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed the
Agreement as of the 1st day of March 2006.
Attest: SCHWAB INVESTMENTS
/s/ Xxxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxx
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Xxxxxx Xxxxxxx Name: Xxxxxxx X. Xxxx
Title: Senior Vice President and
Chief Investment Officer
Attest: XXXXXXX XXXXXX & CO., INC.
/s/ Xxxxxx Xxxxxxx By: /s/ Xxxx Xxxxx
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Xxxxxx Xxxxxxx Name: Xxxx Xxxxx
Title: Senior Vice President
