INVESTMENT LETTER
SELIGMAN NEW TECHNOLOGIES FUND II, INC.
Seligman New Technologies Fund II, Inc. (the "Fund"), a closed-end,
non-diversified management investment company, and Seligman Advisors, Inc.
("Purchaser"), intending to be legally bound, hereby agree as follows:
1. In order to provide the Fund with its initial capital, the Fund hereby
sells to Purchaser and Purchaser purchases 4,220 shares of Capital Stock
(par value $.01) of the Fund at a price of $23.70 per share (the "Shares")
as of the close of business on June 6, 2000. The Fund hereby acknowledges
receipt from Purchaser of funds in the amount of $100,014 in full payment
for the Shares.
2. Purchaser represents and warrants to the Fund that the Shares are being
acquired for investment and not with a view to distribution thereof, and
that Purchaser has no present intention to redeem or dispose of the Shares.
IN WITNESS WHEREOF, the parties have executed this agreement as of the 6th day
of June, 2000.
SELIGMAN NEW TECHNOLOGIES FUND II, INC.
By: /s/ LAWRENCE P. VOGEL
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Name: Lawrence P. Vogel
Title: Vice President and Treasurer
SELIGMAN ADVISORS, INC.
By: /s/ STEPHEN J. HODGDON
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Name: Stephen J. Hodgdon
Title: President
