5,000,000 SHARES COMMON STOCKNaic Growth Fund Inc • September 17th, 2002 • Iowa
RECITALSEscrow Agreement • September 17th, 2002 • Naic Growth Fund Inc • Michigan
WITNESSETHCustodial Agreement • September 17th, 2002 • Naic Growth Fund Inc • Michigan
5,000,000 SHARES COMMON STOCKNaic Growth Fund Inc • September 17th, 2002 • Iowa
We (the "Underwriter") have agreed, subject to the terms and conditions of the Underwriting Agreement dated ___________, 2002 (the "Underwriting Agreement"), to offer on a "best efforts" basis up to 5,000,000 shares (the "Maximum Amount") of common stock, par value $0.001 per share (the "Common Shares"), in minimum purchases of $500 pursuant to a Prospectus and Statement of Additional Information ("SAI"), as they may be amended or supplemented from time to time. Additional copies of the Prospectus and SAI as then in effect will be supplied to you in reasonable quantities upon request.
