Exhibit: Item 23(l): Initial Capital Agreement
Exhibit: Item 23(l):
Initial Capital Agreement
___________ (the “Investor”) entrusted $_______ to Freedom Asset Management Capital Series for purposes of
investment.
The Investor understands that this is a long-term investment.
If and when Freedom Equity Fund is declared effective by the Securities and Exchange Commission (the “SEC”), the
Investor irrevocably agrees that all the principal invested assets and returns on the assets earned prior to the time of approval
by the SEC will be used to purchase Freedom Equity Fund’s shares.
If Freedom Equity Fund is not declared effective by the SEC by December 31, 2002, Freedom Asset Management Capital Series agrees
to return to the Investor all the principal invested assets and returns on the assets.
This agreement can be extended with the mutual consent by both parties.
DATED as of the _____ day of __________, 2001.
Signature:
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_____________________________ |
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Xxxx Xxxxxxx Xxxxxx, President |
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By: Xxxx Xxxxxxx Xxxxxx, President |
