EXHIBIT (1)(7)
PURCHASE AGREEMENT
Excelsior Funds, Inc. (the "Company"), a Maryland corporation, and
Edgewood Services, Inc. ("Edgewood"), a New York corporation, hereby agree as
follows:
1. The Company hereby offers Edgewood and Edgewood hereby purchases two
Shares of the Technology Fund of the Company at $10 per Share. The
Company hereby acknowledges receipt from Edgewood of funds in the
total amount of $20 in full payment for the Shares.
2. Edgewood represents and warrants to the Company that the Shares are
being acquired for investment purposes and not with a view to the
distribution thereof.
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties
hereto have executed this Agreement as of the 31st day of March, 2000.
EXCELSIOR FUNDS, INC.
By: /s/ Xxxxxxxxx X. Xxxxxx
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Title: President and Treasurer
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EDGEWOOD SERVICES, INC.
By: /s/ Xxxxxxxx Xxxxxxxxxx
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Title: President
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