SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTOR PRESIDIO FUND A SERIES OF THE PRESIDIO FUNDS LETTER OF INVESTMENT INTENT

 SUBSCRIPTION AGREEMENT BETWEEN THE TRUST AND THE INVESTOR

PRESIDIO FUND
A SERIES OF THE
PRESIDIO FUNDS

LETTER OF INVESTMENT INTENT

April 22, 2005

To the Board of Trustees of the Presidio Funds

The undersigned (the “Purchaser”) hereby subscribes to purchase a beneficial interest (“Interest”) of the Presidio Fund, a series of the Presidio Funds, in the amount of one hundred thousand dollars ($100,000.00) for ten thousand (10,000) shares at net asset value of ten dollars ($10.00) per share, in consideration for which the Purchaser agrees to transfer to you upon demand cash in the amount of one hundred thousand dollars ($100,000.00).

The Purchaser agrees that the Interest is being purchased for investment purposes only and with no present intention of reselling or redeeming said Interest.

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Dated  April 22, 2005
	/s/    ▇▇▇▇▇  ▇.  ▇'▇▇▇▇▇
	By: ▇▇▇▇▇ ▇. ▇’▇▇▇▇▇