Letter of Investment Intent Sample Contracts

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Exhibit (l) Initial Capital Agreements: Letter of Investment Intent Sit Investment Associates, Inc. Letter of Investment Intent Purchase of Sit Mutual Funds II, Inc. Series E Common Shares Sit Quality Income Fund
Letter of Investment Intent • December 17th, 2012 • Sit Mutual Funds Ii Inc

Sit Investment Associates, Inc. (“SIA”) intends to purchase approximately one hundred (100) Series E Common Shares of Sit Mutual Funds II, Inc. for $10 per share on or before December 31, 2012. SIA will hold said shares for investment purposes.

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