EXHIBIT 13
SUBSCRIPTION AGREEMENT FOR SHARES
OF XXXXXX INVESTMENT PORTFOLIO TRUST
The undersigned hereby subscribes for the purchase of 40,000 shares of
beneficial interest of Xxxxxx Investment Portfolio Trust, Xxxxxx Small
Company Growth Fund series, par value $.01 per share, at the subscription
price of $2.50 per share (the "Shares"). Submitted herewith in consideration
for the Shares is a check payable to Xxxxxx Investment Portfolio Trust, in
the amount of $100,000.00.
I hereby represent to the Trust that the Shares are being acquired by me
solely for investment, for my sole account, and not with a view to
distribution within the meaning of the Securities Act of 1933 (the ""Act'')
and the rules and regulations thereunder. I further hereby represent to the
Trust, as an inducement for the Shares to be issued to me that my present and
anticipated financial position permits me to purchase the Shares and to hold
them for investment purposes. I am thoroughly familiar with the proposed
business of the Trust and have made all investigations which I deem necessary
or desirable in connection with my purchase. I am a resident of the State of
Colorado. I have been advised that the availability of the exemption from
registration under the Securities Act of 1933 relied upon by the Trust in
issuing these Shares is dependent in part upon the truth of the foregoing
representations.
Prior to making a commitment to purchase the Shares, the Trust has
informed me:
(1) that the Shares are not registered under the Act and must be held by
me indefinitely unless they are subsequently so registered or unless an
exemption from such registration is available;
(2) that Rule 144 under the Act is presently not applicable to the
Shares and that, therefore, such securities may be resold only pursuant to
compliance with some other exemption from registration under the Act;
(3) that the Trust is under no obligation to register the Shares under
any circumstances or to attempt to make available any exemption from
registration under the Act, at my expense or otherwise;
(4) that any certificate representing the Shares will bear a legend in
customary form drawing attention to the restrictions on its transferability.
IN WITNESS WHEREOF, the undersigned has executed this Subscription
Agreement effective as of the 14th day of December, 1993.
XXXXXX ASSOCIATES, INC.
By: Xxxxx X. Xxx
--------------------------------
Name: Xxxxxx Associates, Inc.
Xxxxx X. Xxx, Vice President
Address: 000 Xxxxxxxxxx Xxxx. #000
Xxxxxx, XX 00000
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