Exhibit (l)(13)
PURCHASE AGREEMENT
The Galaxy Fund, a Massachusetts business trust (the "Trust"), and
Provident Distributors, Inc., a Delaware corporation ("PDI"), hereby agree with
each other as follows:
1. The Trust hereby offers PDI and PDI hereby purchases
one (1) Class NN- Series 1 share, one (1) Class NN- Series 2 share and one (1)
Class NN- Series 3 share, each such share representing an interest in the Pan
Asia Fund, at a purchase price of $10.00 per share, aggregating to three (3)
shares of beneficial interest in the Trust (such shares of beneficial interest
in the Trust being hereinafter collectively known as "Shares"). PDI hereby
acknowledges purchase of the Shares and the Trust hereby acknowledges receipt
from PDI of funds in the amount of $30 in full payment for the Shares.
2. PDI represents and warrants to the Trust that the
Shares are being acquired for investment purposes and not with a view to the
distribution thereof.
3. The names "The Galaxy Fund" and "Trustees of The
Galaxy Fund" refer respectively to the Trust created and the Trustees, as
trustees but not individually or personally, acting from time to time under a
Declaration of Trust dated March 31, 1986 which is hereby referred to and a copy
of which is on file at the office of the State Secretary of the Commonwealth of
Massachusetts and at the principal office of the Trust. The obligations of "The
Galaxy Fund" entered into in the name or on behalf thereof by any of the
Trustees, representatives or agents are made not individually, but in such
capacities, and are not binding upon any of the Trustees, shareholders or
representatives of the Trust personally, but bind only the Trust property, and
all persons dealing with any class of shares of the Trust must look solely to
the Trust property belonging to such class for the enforcement of any claims
against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the ___ day of ___________, 2000.
THE GALAXY FUND
By:
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Xxxxxxx Xxxxxxxx
Vice President
PROVIDENT DISTRIBUTORS, INC.
By:
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Xxxxxx X. Xxxxxxxxx
President