EXHIBIT (L)
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 1st day of June, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and Q. Ali Yar Khan
and ▇▇▇▇▇▇ ▇▇▇▇, (the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 2,500 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and
will not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on
an exemption from the registration requirements of the Securities
Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in
part on the representations and agreements contained in this
Subscription Agreement;
1-1
(iv) that when issued, the shares will be "restricted
securities" as defined in paragraph (a)(3) of Rule 144 of the
General Rules and Regulations under the Securities Act ("RULE
144") and cannot be sold or transferred by Subscriber unless they
are subsequently registered under the Securities Act or unless an
exemption from such registration is available.
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain
exemptions may possibly become available, including an exemption
for limited sales in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency
has made any findings or determination as to the fairness for
investment, nor any recommendation nor endorsement, of the
Shares;
(c) The Subscriber has such knowledge and experience of
financial and business matters as will enable him to utilize the
information made available to him in connection with the offering
of the shares to evaluate the merits and risks of the prospective
investment and to make an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its
respective series) has only recently been organized, that the
Fund has no financial or operating history and further, that
investment in the Fund involves certain risks, and the Subscriber
has taken full cognizance of and understands all of the risks
related to the purchase of the shares, and the Subscriber
acknowledges that he has suitable financial resources and
anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for
his own account and not on behalf of any other person or persons,
and not with any intention of redemption, distribution or resale
of shares, either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or
exemption therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents
relating to the Fund and its series as he has requested and as
have been provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask
questions of, and receive answers from, officers of the Fund
concerning the Fund, its series, and the terms of the offering;
and
1-2
(i) The Subscriber recognizes that the Fund reserves the
right to reject or limit any subscription.
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of the
Commonwealth of Massachusetts. This Agreement is executed on behalf of the Fund
by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
1-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ Q.A. KHAN
-------------
(Signature)
(Q.A. Khan)
1-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 31st day of May, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇▇▇ ▇▇▇▇▇▇▇,
(the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 400 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and
will not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on
an exemption from the registration requirements of the Securities
Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in
part on the representations and agreements contained in this
Subscription Agreement;
(iv) that when issued, the shares will be "restricted
securities" as defined in paragraph (a)(3) of Rule 144 of the
General Rules and Regulations under the Securities Act ("RULE
144") and cannot be sold or transferred by Subscriber unless they
are subsequently registered under the Securities Act or unless an
exemption from such registration is available.
2-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain
exemptions may possibly become available, including an exemption
for limited sales in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency has
made any findings or determination as to the fairness for investment,
nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of financial
and business matters as will enable him to utilize the information made
available to him in connection with the offering of the shares to
evaluate the merits and risks of the prospective investment and to make
an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its respective
series) has only recently been organized, that the Fund has no
financial or operating history and further, that investment in the Fund
involves certain risks, and the Subscriber has taken full cognizance of
and understands all of the risks related to the purchase of the shares,
and the Subscriber acknowledges that he has suitable financial
resources and anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for his
own account and not on behalf of any other person or persons, and not
with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask questions
of, and receive answers from, officers of the Fund concerning the Fund,
its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the right to
reject or limit any subscription.
2-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
2-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
-----------------
(Signature)
2-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 31st day of May, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇, (the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 300 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and
will not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on
an exemption from the registration requirements of the Securities
Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in
part on the representations and agreements contained in this
Subscription Agreement;
(iv) that when issued, the shares will be "restricted
securities" as defined in paragraph (a)(3) of Rule 144 of the
General Rules and Regulations under the Securities Act ("RULE
144") and cannot be sold or transferred by Subscriber unless they
are subsequently registered under the Securities Act or unless an
exemption from such registration is available.
3-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain
exemptions may possibly become available, including an exemption
for limited sales in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency
has made any findings or determination as to the fairness for
investment, nor any recommendation nor endorsement, of the
Shares;
(c) The Subscriber has such knowledge and experience of
financial and business matters as will enable him to utilize the
information made available to him in connection with the offering
of the shares to evaluate the merits and risks of the prospective
investment and to make an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its
respective series) has only recently been organized, that the
Fund has no financial or operating history and further, that
investment in the Fund involves certain risks, and the Subscriber
has taken full cognizance of and understands all of the risks
related to the purchase of the shares, and the Subscriber
acknowledges that he has suitable financial resources and
anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for
his own account and not on behalf of any other person or persons, and
not with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or
exemption therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents
relating to the Fund and its series as he has requested and as
have been provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask
questions of, and receive answers from, officers of the Fund
concerning the Fund, its series, and the terms of the offering;
and
(i) The Subscriber recognizes that the Fund reserves the
right to reject or limit any subscription.
3-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
3-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
--------------------
(Signature)
3-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 31st day of May, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇▇▇ ▇▇▇▇▇▇▇,
(the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 300 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and
will not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on
an exemption from the registration requirements of the Securities Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in part
on the representations and agreements contained in this Subscription
Agreement;
(iv) that when issued, the shares will be "restricted
securities" as defined in paragraph (a)(3) of Rule 144 of the General
Rules and Regulations under the Securities Act ("RULE 144") and cannot
be sold or transferred by Subscriber unless they are subsequently
registered under the Securities Act or unless an exemption from such
registration is available.
4-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain exemptions
may possibly become available, including an exemption for limited sales
in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency
has made any findings or determination as to the fairness for
investment, nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of
financial and business matters as will enable him to utilize the
information made available to him in connection with the offering of
the shares to evaluate the merits and risks of the prospective
investment and to make an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its
respective series) has only recently been organized, that the Fund has
no financial or operating history and further, that investment in the
Fund involves certain risks, and the Subscriber has taken full
cognizance of and understands all of the risks related to the purchase
of the shares, and the Subscriber acknowledges that he has suitable
financial resources and anticipated income to bear the economic risks
of such an investment;
(e) The Subscriber is purchasing shares for investment for
his own account and not on behalf of any other person or persons, and
not with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask
questions of, and receive answers from, officers of the Fund concerning
the Fund, its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the
right to reject or limit any subscription.
4-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
4-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
-----------------
(Signature)
4-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 1st day of June, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇▇▇▇ ▇▇▇▇▇▇
and ▇▇▇▇ ▇▇▇▇▇▇, (the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 2,000 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and will
not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on an
exemption from the registration requirements of the Securities Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in part
on the representations and agreements contained in this Subscription
Agreement;
(iv) that when issued, the shares will be "restricted securities"
as defined in paragraph (a)(3) of Rule 144 of the General Rules and
Regulations under the Securities Act ("RULE 144") and cannot be sold or
transferred by Subscriber unless they are subsequently registered under
the Securities Act or unless an exemption from such registration is
available.
5-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain exemptions
may possibly become available, including an exemption for limited sales
in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency has
made any findings or determination as to the fairness for investment,
nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of
financial and business matters as will enable him to utilize the
information made available to him in connection with the offering of
the shares to evaluate the merits and risks of the prospective
investment and to make an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its
respective series) has only recently been organized, that the Fund has
no financial or operating history and further, that investment in the
Fund involves certain risks, and the Subscriber has taken full
cognizance of and understands all of the risks related to the purchase
of the shares, and the Subscriber acknowledges that he has suitable
financial resources and anticipated income to bear the economic risks
of such an investment;
(e) The Subscriber is purchasing shares for investment for
his own account and not on behalf of any other person or persons, and
not with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask questions
of, and receive answers from, officers of the Fund concerning the Fund,
its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the right to
reject or limit any subscription.
5-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
5-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ F. SULTAN
--------------
/S/ ▇▇▇▇ ▇▇▇▇▇▇
---------------
(Signature)
5-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 1st day of June, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇▇ ▇▇▇▇▇▇,
(the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 1,000 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and will
not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on an
exemption from the registration requirements of the Securities Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in part
on the representations and agreements contained in this Subscription
Agreement;
(iv) that when issued, the shares will be "restricted securities"
as defined in paragraph (a)(3) of Rule 144 of the General Rules and
Regulations under the Securities Act ("RULE 144") and cannot be sold or
transferred by Subscriber unless they are subsequently registered under
the Securities Act or unless an exemption from such registration is
available.
6-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain exemptions
may possibly become available, including an exemption for limited sales
in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency has
made any findings or determination as to the fairness for investment,
nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of financial
and business matters as will enable him to utilize the information made
available to him in connection with the offering of the shares to
evaluate the merits and risks of the prospective investment and to make
an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its respective
series) has only recently been organized, that the Fund has no
financial or operating history and further, that investment in the Fund
involves certain risks, and the Subscriber has taken full cognizance of
and understands all of the risks related to the purchase of the shares,
and the Subscriber acknowledges that he has suitable financial
resources and anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for his
own account and not on behalf of any other person or persons, and not
with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask questions
of, and receive answers from, officers of the Fund concerning the Fund,
its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the right to
reject or limit any subscription.
6-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
6-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ ▇▇▇▇ ▇▇▇▇▇▇
---------------
(Signature)
6-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 1st day of June, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇ ▇▇▇▇▇▇▇▇,
(the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 500 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and will
not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on an
exemption from the registration requirements of the Securities Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in part
on the representations and agreements contained in this Subscription
Agreement;
(iv) that when issued, the shares will be "restricted securities"
as defined in paragraph (a)(3) of Rule 144 of the General Rules and
Regulations under the Securities Act ("RULE 144") and cannot be sold or
transferred by Subscriber unless they are subsequently registered under
the Securities Act or unless an exemption from such registration is
available.
7-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain exemptions
may possibly become available, including an exemption for limited sales
in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency has
made any findings or determination as to the fairness for investment,
nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of financial
and business matters as will enable him to utilize the information made
available to him in connection with the offering of the shares to
evaluate the merits and risks of the prospective investment and to make
an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its respective
series) has only recently been organized, that the Fund has no
financial or operating history and further, that investment in the Fund
involves certain risks, and the Subscriber has taken full cognizance of
and understands all of the risks related to the purchase of the shares,
and the Subscriber acknowledges that he has suitable financial
resources and anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for his
own account and not on behalf of any other person or persons, and not
with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask questions
of, and receive answers from, officers of the Fund concerning the Fund,
its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the right to
reject or limit any subscription.
7-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
7-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ ▇▇▇ ▇▇▇▇▇▇▇▇
----------------
(Signature)
7-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 5th day of June, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇,
(the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 1,000 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and will
not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on an
exemption from the registration requirements of the Securities Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in part
on the representations and agreements contained in this Subscription
Agreement;
(iv) that when issued, the shares will be "restricted securities"
as defined in paragraph (a)(3) of Rule 144 of the General Rules and
Regulations under the Securities Act ("RULE 144") and cannot be sold or
transferred by Subscriber unless they are subsequently registered under
the Securities Act or unless an exemption from such registration is
available.
8-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain exemptions
may possibly become available, including an exemption for limited sales
in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency has
made any findings or determination as to the fairness for investment,
nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of financial
and business matters as will enable him to utilize the information made
available to him in connection with the offering of the shares to
evaluate the merits and risks of the prospective investment and to make
an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its respective
series) has only recently been organized, that the Fund has no
financial or operating history and further, that investment in the Fund
involves certain risks, and the Subscriber has taken full cognizance of
and understands all of the risks related to the purchase of the shares,
and the Subscriber acknowledges that he has suitable financial
resources and anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for his
own account and not on behalf of any other person or persons, and not
with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask questions
of, and receive answers from, officers of the Fund concerning the
Fund, its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the right to
reject or limit any subscription.
8-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
8-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
------------------
(Signature)
8-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 6th day of June, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇, (the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 500 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and will
not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on an
exemption from the registration requirements of the Securities Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in part
on the representations and agreements contained in this Subscription
Agreement;
(iv) that when issued, the shares will be "restricted securities"
as defined in paragraph (a)(3) of Rule 144 of the General Rules and
Regulations under the Securities Act ("RULE 144") and cannot be sold or
transferred by Subscriber unless they are subsequently registered under
the Securities Act or unless an exemption from such registration is
available.
9-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain exemptions
may possibly become available, including an exemption for limited sales
in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency has
made any findings or determination as to the fairness for investment,
nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of financial
and business matters as will enable him to utilize the information made
available to him in connection with the offering of the shares to
evaluate the merits and risks of the prospective investment and to make
an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its respective
series) has only recently been organized, that the Fund has no
financial or operating history and further, that investment in the Fund
involves certain risks, and the Subscriber has taken full cognizance of
and understands all of the risks related to the purchase of the shares,
and the Subscriber acknowledges that he has suitable financial
resources and anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for his
own account and not on behalf of any other person or persons, and not
with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask questions
of, and receive answers from, officers of the Fund concerning the Fund,
its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the right to
reject or limit any subscription.
9-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
9-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇
------------------------
(Signature)
9-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 1st day of June, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇▇▇▇▇ ▇▇▇▇▇,
(the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 1,000 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and will
not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on an
exemption from the registration requirements of the Securities Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in part
on the representations and agreements contained in this Subscription
Agreement;
(iv) that when issued, the shares will be "restricted securities"
as defined in paragraph (a)(3) of Rule 144 of the General Rules and
Regulations under the Securities Act ("RULE 144") and cannot be sold or
transferred by Subscriber unless they are subsequently registered under
the Securities Act or unless an exemption from such registration is
available.
10-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain exemptions
may possibly become available, including an exemption for limited sales
in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency has
made any findings or determination as to the fairness for investment,
nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of financial
and business matters as will enable him to utilize the information made
available to him in connection with the offering of the shares to
evaluate the merits and risks of the prospective investment and to make
an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its respective
series) has only recently been organized, that the Fund has no
financial or operating history and further, that investment in the Fund
involves certain risks, and the Subscriber has taken full cognizance of
and understands all of the risks related to the purchase of the shares,
and the Subscriber acknowledges that he has suitable financial
resources and anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for his
own account and not on behalf of any other person or persons, and not
with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask questions
of, and receive answers from, officers of the Fund concerning the Fund,
its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the right to
reject or limit any subscription.
10-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
10-3
IN WITNESS WHEREOF, this Subscription Agreement has been executed by
the parties hereto as of the day and date first above written.
ISLAMIA GROUP OF FUNDS
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ ▇▇▇▇▇▇ ▇▇▇▇▇
----------------
(Signature)
10-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 29th day of May, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and S.G. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇ or ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, (the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 250 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and will
not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on an
exemption from the registration requirements of the Securities Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in part
on the representations and agreements contained in this Subscription
Agreement;
(iv) that when issued, the shares will be "restricted securities"
as defined in paragraph (a)(3) of Rule 144 of the General Rules and
Regulations under the Securities Act ("RULE 144") and cannot be sold or
transferred by Subscriber unless they are subsequently registered under
the Securities Act or unless an exemption from such registration is
available.
11-1
(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain exemptions
may possibly become available, including an exemption for limited sales
in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency has
made any findings or determination as to the fairness for investment,
nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of financial
and business matters as will enable him to utilize the information made
available to him in connection with the offering of the shares to
evaluate the merits and risks of the prospective investment and to make
an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its respective
series) has only recently been organized, that the Fund has no
financial or operating history and further, that investment in the Fund
involves certain risks, and the Subscriber has taken full cognizance of
and understands all of the risks related to the purchase of the shares,
and the Subscriber acknowledges that he has suitable financial
resources and anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for his
own account and not on behalf of any other person or persons, and not
with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask questions
of, and receive answers from, officers of the Fund concerning the Fund,
its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the right to
reject or limit any subscription.
11-2
3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
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IN WITNESS WHEREOF, this Subscription Agreement has been executed by the parties
hereto as of the day and date first above written.
Islamia Group of Funds
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ S.G. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
------------------------
/S/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
---------------------------
(Signature)
11-4
ISLAMIA GROUP OF FUNDS
SUBSCRIPTION AGREEMENT
This Agreement made this 29th day of May, 2000 by and between Islamia
Group of Funds, a Massachusetts business trust (the "Fund"), and ▇▇▇▇▇ ▇▇▇▇▇▇▇
or ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, (the "SUBSCRIBER").
1. SHARE SUBSCRIPTION. The Subscriber subscribes for and agrees to
purchase from the Fund 250 shares of beneficial interest of the Fund's series,
the Islamia Income Fund for a purchase price of $10.00 per share, on the terms
and conditions set forth herein and in the preliminary prospectus ("PRELIMINARY
PROSPECTUS"). Subscriber agrees to make payment for these shares at such time as
demand for payment may be made by an officer of the Fund.
The Subscriber understands that the Fund filed a registration statement
with the Securities and Exchange Commission on Form N-1A, which contains the
Preliminary Prospectus describing the Fund and the shares. The Subscriber
acknowledges receipt of a copy of the Preliminary Prospectus.
The Subscriber recognizes that the Fund will not be fully operational
until it commences public offering of its shares. Accordingly, a number of
features of the Fund described in the Preliminary Prospectus, including, without
limitation, the declaration and payment of dividends, and redemption of shares
upon request of shareholders, are not, in fact, in existence at the present time
and will not be instituted until the Fund's registration statement becomes
effective under the Securities Act of 1933 (the "SECURITIES ACT").
2. REPRESENTATIONS AND WARRANTIES: The Subscriber hereby represents and
warrants the following:
(a) The Subscriber represents that it has been informed of the
following:
(i) that the shares being subscribed for have not been and will
not be registered under the Securities Act;
(ii) that the shares will be sold by the Fund in reliance on an
exemption from the registration requirements of the Securities Act;
(iii) that the Fund's reliance upon an exemption from the
registration requirements of the Securities Act is predicated in part
on the representations and agreements contained in this Subscription
Agreement;
(iv) that when issued, the shares will be "restricted securities"
as defined in paragraph (a)(3) of Rule 144 of the General Rules and
Regulations under the Securities Act ("RULE 144") and cannot be sold or
transferred by Subscriber unless they are subsequently registered under
the Securities Act or unless an exemption from such registration is
available.
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(v) that there does not appear to be any exemptions from the
registration provisions of the Securities Act available to the
Subscriber for resale of the shares. In the future, certain exemptions
may possibly become available, including an exemption for limited sales
in accordance with the conditions of Rule 144.
The Subscriber understands that a primary purpose of the information
acknowledged in subparagraphs (i) through (v) above is to put it on notice as to
restrictions on the transferability of the shares.
(b) The Subscriber is aware that no federal or state agency has
made any findings or determination as to the fairness for investment,
nor any recommendation nor endorsement, of the Shares;
(c) The Subscriber has such knowledge and experience of financial
and business matters as will enable him to utilize the information made
available to him in connection with the offering of the shares to
evaluate the merits and risks of the prospective investment and to make
an informed investment decision;
(d) The Subscriber recognizes that the Fund (and its respective
series) has only recently been organized, that the Fund has no
financial or operating history and further, that investment in the Fund
involves certain risks, and the Subscriber has taken full cognizance of
and understands all of the risks related to the purchase of the shares,
and the Subscriber acknowledges that he has suitable financial
resources and anticipated income to bear the economic risks of such an
investment;
(e) The Subscriber is purchasing shares for investment for his
own account and not on behalf of any other person or persons, and not
with any intention of redemption, distribution or resale of shares,
either in whole or in part;
(f) The Subscriber will not sell the shares purchased by him
without registration of them under the Securities Act or exemption
therefrom;
(g) The Subscriber has been furnished with and has read this
agreement, the Preliminary Prospectus and such other documents relating
to the Fund and its series as he has requested and as have been
provided to him by the Fund;
(h) The Subscriber has also had the opportunity to ask questions
of, and receive answers from, officers of the Fund concerning the Fund,
its series, and the terms of the offering; and
(i) The Subscriber recognizes that the Fund reserves the right to
reject or limit any subscription.
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3. SOCIAL SECURITY NUMBER. The Subscriber certifies under penalties of
perjury that the number shown on this form is the Subscriber's correct social
security number and that he is not subject to backup withholding as a result of
a failure to report all interest and dividend income to the Internal Revenue
Service.
4. This Subscription Agreement and all of its provisions shall be
binding upon the legal representatives, heirs, successors and assigns of the
parties hereto.
5. The Fund's Declaration of Trust is on file with the Secretary of
the Commonwealth of Massachusetts. This Agreement is executed on behalf of the
Fund by the Fund's officers as officers and not individually and the obligations
imposed upon the Fund by this Agreement are not binding upon any of the Fund's
Trustees, officers or shareholders individually but are binding only upon the
assets and property of the Fund.
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IN WITNESS WHEREOF, this Subscription Agreement has been executed by the parties
hereto as of the day and date first above written.
Islamia Group of Funds
By /S/ Q.A. KHAN
-------------
[INSERT NAME AND ADDRESS]
Social Security Number:
/S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
-----------------
/S/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
---------------------------
(Signature)
12-4