SUBSCRIPTION AGREEMENT BETWEEN THE FUND AND THE INVESTOR
SUBSCRIPTION AGREEMENT BETWEEN THE FUND AND THE INVESTOR
▇▇▇▇▇▇▇▇▇ MANAGED FUTURES STRATEGY FUND
LETTER OF INVESTMENT INTENT
May 4, 2012
To the Board of Trustees of Wakefield Alternative Series Trust:
Effective as of the date first written above, the undersigned (the "Purchaser") subscribes to purchase a beneficial interest ("Interest") in the Wakefield Managed Futures Strategy Fund, in the amount of $100,000.00 for 10,000 shares at net asset value of $10.00 per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of $100,000.00.
The Purchaser agrees that each Interest is being purchased for investment purposes only and with no present intention of reselling or redeeming said Interest.
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Wakefield Advisors, LLC
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/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇
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By: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇, Managing Member
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