EXHIBIT 99(l)
August 30, 2001
Board of Trustees
▇▇▇▇▇▇▇▇▇ Global Funds
▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Re: Subscription Agreement for Shares of
▇▇▇▇▇▇▇▇▇ Global Funds (the "Trust")
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Dear Trustees:
▇▇▇▇▇▇▇▇▇ Global Investors (North America) Inc. offers to purchase from
the Trust 20,000 Class A shares of beneficial interest, 2,500 Class B shares of
beneficial interest and 2,500 Class C shares of beneficial interest in each
portfolio of the Trust: ▇▇▇▇▇▇▇▇▇ European Focus Fund, ▇▇▇▇▇▇▇▇▇ Global
Technology Fund, ▇▇▇▇▇▇▇▇▇ International Developing Companies Fund, ▇▇▇▇▇▇▇▇▇
International Opportunities Fund and Henderson Worldwide Growth Fund; at $10.00
per share for an aggregate purchase price of $1,250,000 in cash, all such shares
to be validly issued, fully paid and non-assessable upon issuance of such shares
and receipt by the Fund of said payment.
These shares are not being purchased with any present intent of
distributing or reselling the same to the public and will be held for the
investment of ▇▇▇▇▇▇▇▇▇ Global Investors (North America), Inc.
Sincerely,
▇▇▇▇▇▇▇▇▇ GLOBAL INVESTORS
(NORTH AMERICA) INC.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Accepted and agreed to this
30th day of August, 2001.
▇▇▇▇▇▇▇▇▇ GLOBAL FUNDS
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇
