0001111830-05-000109 Sample Contracts

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INITIAL CAPITAL AGREEMENT
Initial Capital Agreement • April 14th, 2005 • Church Capital Investment Trust

The undersigned hereby subscribes for: (i) 9,000 Shares of Beneficial Interest, no par value, of the Church Capital Value Trust, a series of Church Capital Investment Trust, at $10.00 per share for an aggregate purchase price of $90,000; and (ii) 10,000 Shares of Beneficial Interest, no par value, of the Church Capital Money Market Fund, a series of Church Capital Investment Trust, at $1.00 per share for an aggregate purchase price of $10,000. Our payment in full is confirmed.

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