Common use of UBS Clause in Contracts

UBS. FS agrees to make Shares available to its clients only at their current offering price, as determined in accordance with each Fund’s Prospectus and SAI. UBS-FS assumes no responsibility or liability for the determination of that offering price. UBS-FS agrees to deliver or cause to be delivered to each client, at or prior to the time of any purchase of Shares of the applicable Fund, a copy of the Prospectus of the Fund, unless such Prospectus already has been furnished to the client. UBS-FS agrees to deliver or cause to be delivered, upon request by a client, a copy of the SAI of the applicable Fund. UBS-FS agrees to place orders for Fund Shares only to cover purchase orders that UBS-FS has previously received from its clients. UBS-FS will not withhold placing client’s orders so as to profit itself as a result of such withholding (for example, by a change in the applicable Fund’s net asset value from that used in determining the offering or redemption price to UBS-FS’ clients). Notwithstanding any other provision of this Agreement, UBS-FS may assess a transaction fee against its clients upon the purchase, exchange, or redemption of Fund Shares for the execution of such orders. Further, UBS-FS agrees to cooperate with reasonable efforts by the Funds to assure themselves that UBS-FS has implemented effective compliance policies and procedures administered by qualified personnel including, without limitation: permitting the Funds to become familiar with UBS-FS’ operations; permitting the Funds to maintain an active working relationship with compliance personnel of UBS-FS; and making UBS-FS personnel and applicable policies and procedures, or summaries thereof, available to such audit personnel as the Funds may designate to audit the effectiveness of their compliance controls. The applicable Fund shall bear any expenses incurred by UBS-FS in connection with any request by such Fund pursuant to the immediately preceding paragraph. If UBS-FS clients submit Share certificates for transfer, UBS-FS, if UBS–FS accepts the certificates into custody, will deposit such certificates, properly endorsed, with the Fund or its agent in accordance with the NETWORKING Agreement, applicable NSCC rules and procedures, and any other procedures that the parties may agree upon from time to time.

UBS. FS agrees to make Shares available to its clients only at their current offering price, as determined in accordance with each the Fund’s Prospectus and SAI. UBS-FS assumes no responsibility or liability for the determination of that offering price. UBS-FS agrees to deliver or cause to be delivered to each clientcustomer, at or prior to the time of any purchase of Shares shares of the applicable a Fund, a copy of the Prospectus of the Fund, unless such Prospectus already has been furnished to the clientcustomer. UBS-FS agrees to deliver or cause to be delivered, upon request by a clientcustomer, a copy of the SAI of the applicable Fund. UBS-FS agrees to place orders for Fund Shares shares only to cover purchase orders that UBS-FS has previously received from its clientscustomers. UBS-FS will not withhold placing client’s customers’ orders so as to profit itself as a result of such withholding (for example, by a change in the applicable a Fund’s net asset value from that used in determining the offering or redemption price to UBS-FS’ clientscustomers). Notwithstanding any other provision of this Agreement, UBS-FS may assess a transaction fee against its clients customers upon the purchase, exchange, or redemption of Fund Shares shares for the execution of such orders. Further, UBS-FS agrees to cooperate with reasonable efforts by Distributor or the Funds to assure themselves that UBS-FS has implemented effective compliance policies and procedures administered by qualified personnel including, without limitation: permitting Distributor and the Funds to become familiar with UBS-FS’ operations; permitting Distributor and the Funds to maintain an active working relationship with compliance personnel of UBS-FS; and making UBS-FS personnel and applicable policies and procedures, or summaries thereof, available to such audit personnel as Distributor or the Funds may designate to audit the effectiveness of their its compliance controls. The applicable Fund Distributor shall bear any expenses incurred by UBS-FS in connection with any request by such Fund the Distributor or the Funds pursuant to the immediately preceding paragraph. If UBS-FS clients submit Share share certificates for transfer, UBS-FS, if UBS–-FS accepts the certificates into custody, will deposit such certificates, properly endorsed, with the Fund or its agent in accordance with the NETWORKING Delegated Services Agreement, applicable NSCC rules and procedures, and any other procedures that the parties may agree upon from time to time.

UBS. FS agrees to make Shares available to its clients only at their current offering price, as determined in accordance with each Fund’s Prospectus and SAI. UBS-FS assumes no responsibility or liability for the determination of that offering price. UBS-FS agrees to deliver or cause to be delivered to each client, at or prior to the time of any purchase of Shares of the applicable Fund, a copy of the Prospectus of the Fund, unless such Prospectus already has been furnished to the client. UBS-FS agrees to deliver or cause to be delivered, upon request by a client, a copy of the SAI of the applicable Fund. UBS-FS agrees to place orders for Fund Shares only to cover purchase orders that UBS-FS has previously received from its clients. UBS-FS will not withhold placing client’s orders so as to profit itself as a result of such withholding (for example, by a change in the applicable Fund’s net asset value from that used in determining the offering or redemption price to UBS-FS’ clients). Notwithstanding any other provision of this Agreement, UBS-FS may assess a transaction fee against its clients upon the purchase, exchange, or redemption of Fund Shares for the execution of such orders. Further, UBS-FS agrees to cooperate with reasonable efforts by the Funds to assure themselves that UBS-FS has implemented effective compliance policies and procedures administered by qualified personnel including, without limitation: permitting the Funds to become familiar with UBS-FS’ operations; permitting the Funds to maintain an active working relationship with compliance personnel of UBS-FS; and making UBS-FS personnel and applicable policies and procedures, or summaries thereof, available to such audit personnel as the Funds may designate to audit the effectiveness of their compliance controls. The applicable Fund shall bear any expenses incurred by UBS-FS in connection with any request by such Fund pursuant to the immediately preceding paragraph. If UBS-FS clients submit Share certificates for transfer, UBS-FS, if UBS–-FS accepts the certificates into custody, will deposit such certificates, properly endorsed, with the Fund or its agent in accordance with the NETWORKING Agreement, applicable NSCC rules and procedures, and any other procedures that the parties may agree upon from time to time.