EXHIBIT L
SUBSCRIPTION AGREEMENT
Xxxxx X. XxXxxxxx
Columbus Funds, Inc.
000 Xxxxxxxxxx Xxxxxx
Xxxxxxxx, XX 00000
Gentlemen:
The undersigned purchasers (each a "Purchaser" and collectively the
"Purchasers") hereby subscribes to the number of shares (the "Shares") of common
stock of the series of Columbus Funds, Inc. (the "Company") as set forth below
on the signature page and agrees to pay the purchase price thereafter at $10 per
share subscribed immediately to the Company.
It is understood that a certificate representing the Shares shall not
be issued to the undersigned, but such ownership shall be recorded on the books
and records of the Company's transfer agent. Notwithstanding the fact that a
certificate representing ownership will not be issued, the Shares will be deemed
fully paid and nonassessable.
Each Purchaser agrees that the Shares are being purchased for
investment with no present intention to resell or redeem the Shares.
Dated and effective as of the 17th day of December, 2003.
Purchasers:
/S/ XXXXXXX X. XXX
------------------
Xxxxxxx X. Xxx
Number of Shares: 5,000
Aggregate Purchase Price: $50,000
Series of Common Stocks: Columbus High Yield Fund
/S/ XXXX X. XXXX
-----------------
Xxxx X. Xxxx
Number of Shares: 5,000
Aggregate Purchase Price: $50,000
Series of Common Stocks: Columbus High Yield Fund
ACCEPTANCE
The foregoing subscription is hereby accepted.
Dated and effective as of the 17th day of December, 2003.
COLUMBUS FUNDS, INC.
/S/ XXXXX X. XXXXXXXX
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By: Xxxxx X. XxXxxxxx
