SUBSCRIPTION AGREEMENT
X'Xxxxxx EQUUS (the "Fund"), a Delaware statutory trust, and Xxxxx Xxxx an
individual (the "Subscriber") hereby agree as of May 20, 2014, as follows:
1. In order to provide the Fund with the initial capital required pursuant to
Section 14 of the Investment Company Act of 1940, as amended, the
Subscriber is hereby purchasing from the Fund 50 shares of beneficial
interest, no par value, of the Fund (the "Shares"), at a purchase price of
$1,000.00 per share, for a total purchase price of $50,000. The Subscriber
hereby acknowledges the receipt of the Shares, and the Fund hereby
acknowledges receipt from the Subscriber of funds in the amount of $50,000
for the Fund in full payment for the Shares. It is further agreed that no
certificate for the Shares will be issued by the Fund.
2. The Subscriber is aware that the Shares have not been registered under the
Securities Act of 1933, as amended (the "1933 Act"), on the basis that the
sale of such Shares will be exempt under Section 4(2) of the 1933 Act as
not involving any public offering. Reliance on such exemption is
predicated, in part, on the Subscriber's representation and warranty to the
Fund that the Shares are being acquired for the Subscriber's own account
for investment purposes and not with a view to the distribution or
redemption thereof, and that the Subscriber has no present intention to
dispose of the Shares. The Subscriber further represents that it will not
take any action that will subject the sale of the Shares to the
registration provisions of the 1933 Act.
3. The subscriber consents, as the sole holder of the Fund's Shares and
pursuant to Section 23(b)(2) of the Investment Company Act of 1940, as
amended, to the issuance by the Fund of Shares at a price per Share as set
forth in the registration statement relating to the public offering of
Shares.
[signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed on the 20 day of May, 2014.
X'XXXXXX EQUUS
By: /s/ Xxxxxx Xxxxxxxxxx
---------------------
Xxxxxx Xxxxxxxxxx
Vice President and Secretary
By: /s/ Xxxxx Xxxx
--------------
XXXXX XXXX
SUBSCRIPTION AGREEMENT
X'Xxxxxx EQUUS (the "Fund"), a Delaware statutory trust, and Xxxx Xxxxxxxxxxx an
individual (the "Subscriber") hereby agree as of May 20, 2014, as follows:
1. In order to provide the Fund with the initial capital required pursuant to
Section 14 of the Investment Company Act of 1940, as amended, the
Subscriber is hereby purchasing from the Fund 50 shares of beneficial
interest, no par value, of the Fund (the "Shares"), at a purchase price of
$1,000.00 per share, for a total purchase price of $50,000. The Subscriber
hereby acknowledges the receipt of the Shares, and the Fund hereby
acknowledges receipt from the Subscriber of funds in the amount of $50,000
for the Fund in full payment for the Shares. It is further agreed that no
certificate for the Shares will be issued by the Fund.
2. The Subscriber is aware that the Shares have not been registered under the
Securities Act of 1933, as amended (the "1933 Act"), on the basis that the
sale of such Shares will be exempt under Section 4(2) of the 1933 Act as
not involving any public offering. Reliance on such exemption is
predicated, in part, on the Subscriber's representation and warranty to the
Fund that the Shares are being acquired for the Subscriber's own account
for investment purposes and not with a view to the distribution or
redemption thereof, and that the Subscriber has no present intention to
dispose of the Shares. The Subscriber further represents that it will not
take any action that will subject the sale of the Shares to the
registration provisions of the 1933 Act.
3. The subscriber consents, as the sole holder of the Fund's Shares and
pursuant to Section 23(b)(2) of the Investment Company Act of 1940, as
amended, to the issuance by the Fund of Shares at a price per Share as set
forth in the registration statement relating to the public offering of
Shares.
[signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed on the 20 day of May, 2014.
X'XXXXXX EQUUS
By: /s/ Xxxxxx Xxxxxxxxxx
---------------------
Xxxxxx Xxxxxxxxxx
Vice President and Secretary
By: /s/ Xxxx Xxxxxxxxxxx
--------------------
Xxxx Xxxxxxxxxxx
Signature Page - X'Xxxxxx EQUUS Initial Capital Agreement
