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EXHIBIT (L)(8)
PURCHASE AGREEMENT
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Excelsior Funds, Inc. (the "Company"), a Maryland corporation, and Edgewood
Services, Inc. ("Edgewood"), a New York corporation, hereby agree as follows:
1. The Company hereby offers Edgewood and Edgewood hereby purchases two
Shares of the Biotechnology Fund of the Company at $10 per Share. The
Company hereby acknowledges receipt from Edgewood of funds in the
total amount of $20 in full payment for the Shares.
2. Edgewood represents and warrants to the Company that the Shares are
being acquired for investment purposes and not with a view to the
distribution thereof.
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties
hereto have executed this Agreement as of the ____ day of ______________, 2000.
EXCELSIOR FUNDS, INC.
By:
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Title:
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EDGEWOOD SERVICES, INC.
By:
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Title:
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