SHARE PURCHASE AGREEMENT
The Community Reinvestment Act Qualified Investment Fund, a Delaware
business trust (the "Trust"), and CRAFund Advisors, Inc., a Delaware corporation
("Buyer"), hereby agree as follows:
1. The Trust hereby offers Buyer and Buyer hereby purchases, in
consideration for the payment of $100,000.00, 10,000 shares of beneficial
interest of the Trust for a purchase price of $10.00 per share.
2. Buyer acknowledges that the shares purchased hereunder have not been
registered under the federal securities laws and that the Trust is relying on
certain exemptions from such registration requirements. Buyer represents and
warrants that it is acquiring such shares solely for investment purposes and
that Buyer has no present intention to redeem, sell or otherwise dispose of the
shares.
3. This Agreement shall be governed by the laws of the State of Delaware.
The Trust is a business trust organized under the laws of Delaware and under a
Declaration of Trust, including any and all amendments thereto. The obligations
of "The Community Reinvestment Act Qualified Investment Fund" entered into in
the name or on behalf thereof by any of the Trustees, officers, employees or
agents are made not individually, but in such capacities, and are not binding
upon any of the Trustees, officers, employees, agents or shareholders of the
Trust
personally but bind only the assets of the Trust, and all persons dealing with
the Trust must look solely to the assets of the Trust for the enforcement of any
claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the 1st day of June, 1999.
(SEAL)
THE COMMUNITY REINVESTMENT ACT
QUALIFIED INVESTMENT FUND
By: /s/ Xxxxx Xxxxx
-------------------------
Name: Xxxxx Xxxxx
-----------------------
Title: President
----------------------
CRAFUND ADVISORS, INC.
By: /s/ Xxxx X. Xxxxx
-------------------------
Name: Xxxx X. Xxxxx
-----------------------
Title: President
----------------------
