Exhibit (l)(2)
PURCHASE AGREEMENT
AGREEMENT dated this 30th day of September, 2009, by and between
Allegiant Advantage Fund (the "Trust"), a Massachusetts business trust, and
Professional Funds Distributor, LLC ("PFD").
1. The Trust hereby offers PFD and PFD hereby purchases one each of
the following classes and series of shares of beneficial interest (no par value
per share) representing interests in the Trust's Institutional Government Money
Market Fund and Institutional Treasury Money Market Fund at a price of $1.00 per
share (collectively known as "Shares"):
Name of Class of Shares
Allegiant Advantage Institutional Government Money Market Fund -
Institutional Shares
Allegiant Advantage Institutional Government Money Market Fund -
Advisor Shares
Allegiant Advantage Institutional Government Money Market Fund -
Service Shares
Allegiant Advantage Institutional Treasury Money Market Fund -
Institutional Shares
Allegiant Advantage Institutional Treasury Money Market Fund -
Advisor Shares
Allegiant Advantage Institutional Treasury Money Market Fund -
Service Shares
2. PFD hereby acknowledges receipt of one Share of each class and
series listed above. The Trust hereby acknowledges receipt from PFD of funds in
the amount of $1.00 for each such Share.
3. PFD represents and warrants to the Trust that the Shares are
being acquired for investment purposes and not with a view to the distribution
thereof.
4. The names "Allegiant Advantage Fund" and "Trustees of Allegiant
Advantage Fund" refer respectively to the Trust created and the Trustees, as
trustees but not individually or personally, acting from time to time under a
Declaration of Trust dated as of May 18, 1993 which is hereby referred to and a
copy of which is on file at the office of the State Secretary of the
Commonwealth of Massachusetts and at the principal office of the Trust. The
obligations of "Allegiant Advantage Fund" entered into in the name or on behalf
thereof by any of the Trustees, representatives or agents are made not
individually, but in such capacities, and are not binding upon any of the
Trustees, Shareholders or representatives of the Trust personally, but bind only
the Trust Property, and all persons dealing with any class of shares of the
Trust must look solely to the Trust Property belonging to such class for the
enforcement of any claims against the Trust.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the 30th day of September, 2009.
ALLEGIANT ADVANTAGE FUND
Attest:
▇▇▇▇ ▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
-------------------------------------------- -----------------------------------
Title: Chief Administrative Officer
-----------------------------------
PROFESSIONAL FUNDS DISTRIBUTOR, LLC
Attest:
▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
-------------------------------------------- -----------------------------------
Title: Vice President
-----------------------------------