SUBSCRIPTION AGREEMENT
Xxxxxxxx Blue Chip Growth Fund, Inc.
Wood Island, Third Floor
00 Xxxx Xxx Xxxxxxx Xxxxx Xxxx.
Xxxxxxxx, Xxxxxxxxxx 00000
Gentlemen:
The undersigned hereby subscribes to 10,000 shares of the Common Stock, $.01 par value per share, of Xxxxxxxx Blue Chip Growth Fund, Inc., in consideration for which the undersigned agrees to transfer to you upon demand cash in the amount of $100,000.
It is understood that a certificate or certificates representing the shares subscribed for shall be issued to the undersigned upon request at any time after receipt by you of payment therefor, and that said shares shall be deemed to be fully paid and nonassessable.
The undersigned agrees that the shares are being purchased for investment with no present intention of reselling or redeeming said shares.
Dated and effective as of this day of , 1988.
XXXXXXXX CAPITAL MANAGEMENT
/s/ Xxxxxxxxx X. Xxxxxxxx
Xxxxxxxxx X. Xxxxxxxx, Sole Proprietor
ACCEPTANCE
The foregoing subscription is hereby accepted. Dated and
effective as of this day of , 1988.
By: /s/ Xxxxxxxxx X. Xxxxxxxx
Xxxxxxxxx X. Xxxxxxxx, President
[CORPORATE SEAL]
Attest: /s/Xxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx, Secretary
