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Important Information About Your Account Upgrade Addendum

We have updated certain account agreements and fees, as well as the Why this is important terms and conditions for services you receive from UBS. The changes The language in this Addendum modifies and supersedes any corre- are outlined in this Addendum. Although they may not directly affect sponding language in the Firm’s Agreements and Disclosures, Client your relationship with us today, we are required to notify you when we Relationship Agreement and any other new account disclosures you make changes to them. received previously from UBS.

Highlights We provide updated versions of the Agreements and Disclosures and other new account disclosures only if there are material changes to the • Amendment to the predispute arbitration clause in client account information they contain. Please keep this Addendum for your agreements reference as it contains information that may pertain to services you elect to receive in the future. • Changes to certain fees and charges

• Changes to our annual fee billing process For more information Call ResourceLine, our interactive voice response tele- • Clarify how we group, or “household,” statements and other docu- phone unit, 24 hours a day, 7 days a week at ments to reduce the number of separate communications we send to 800-762-1000, option “0” in the U.S. Outside the U.S., you call ResourceLine collect at 201-352-5257.

• Revised Electronic Delivery Agreement Information about how we charge for our services and a detailed explanation of fees for selected investments • Addition to Bill Payment and Electronic Funds Transfer Service and services are available at .com/accountdisclosures. Agreement

• Changes to the minimum cap amounts for the UBS Account Sweep Program

• New cardmember agreement and terms and conditions for card

• New cardmember terms and conditions for Visa Signature

• Changes to the rewards program for the UBS Card, effective October 31, 2011 Amendment to Predispute Arbitration Clause for Client Account Agreements

As of December 5, 2011, the language below superceded the fourth bullet of the predispute arbitration clause in UBS's Client Relationship Agreement.

The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. Fees and Charges

UBS periodically reviews its account terms and conditions, as well as account and transaction fees. The information below describes changes to account fees, terms and conditions. As with certain other fees, accounts that pay an asset-based advisory fee may be exempt from these fees.

Other Fees Type Fee Notes and Description Voluntary Corporate Actions Fee $30 This fee is charged when account owners decide how they would like their assets to be handled when corporations take certain actions, such as voluntary tender offers. American Depositary Receipts (ADR)/Global Varies If you own these types of securities, this fee may be charged by the third-party Depositary Receipts (GDR) Service Fee depository that holds the underlying assets and manages all registration and recordkeeping for the securities. UBS does not retain any portion of this fee. Support Services and Processing Fee $75 This fee applies to purchases or sales of no-load mutual funds and institutional mutual fund share classes in brokerage accounts, regardless of the amount of the transaction.

Changes to our Annual Account Fee Billing 2. If the sale of mutual funds described above does not result in suffi- cient funds to satisfy your debit balance, UBS will sell shares from the Process eligible equity positions held in your account on the third Monday of March each year. We bill annual service fees and maintenance fees on the fourth business • Eligible equity positions are: common stock, foreign common day in December of each year. The fees are automatically deducted from stock, American Depository Receipts (ADRs) and closed-end mutu- each account that is being billed and will be reflected on your December al funds. statement. If the Withdrawal Limit of your account is insufficient to sat- • We will sell shares from your largest position (by value, based on isfy the fee amount, we will show the unpaid fee as a debit balance in the previous day’s closing price), continuing with successively your account. smaller positions as necessary. • If the price per share of your largest eligible equity position You may deposit additional funds in your account to cover the fee bal- exceeds $250.00, we will sell shares from the next largest posi- ance. However, if this debit balance for unpaid fees remains, you under- tion. stand and agree that we will take the steps below to satisfy this debit • In the best of our clients, shares may be sold as part of a balance. block trade with other UBS clients’ shares and you will receive an average price. 1. On the second Monday of March each year, UBS will sell a sufficient • If the proceeds of the sale are greater than the amount of the number of mutual fund shares held in your account. unpaid debit balance, excess proceeds will be credited to your • First, we will sell shares from your largest position (by value based account. on the previous day’s NAV) that was subject to a front-end load or sales charge, continuing with successively smaller positions as nec- Additional information regarding satisfying debit balances for essary. unpaid fees • Next, we will sell your largest position that could be subject to a • No commissions will be charged on these transactions; however, back-end load, continuing with successively smaller positions as standard Processing and Handling and Transaction fees will apply. necessary. For mutual fund transactions, you may also incur deferred sales • Finally, we will sell your largest position in no-load funds, continu- charges. ing with successively smaller positions as necessary. • Offshore mutual funds, Bulletin Board stocks, pink sheets, and • If all necessary mutual fund transactions cannot be completed in a restricted stock or securities held in physical form will not be sold single day, we will process transactions for retirement accounts as part of this process. first, in the order of the account number, and then for all other account types.

2 • If your account includes shares of your current employer, you may the eligible equity positions held in the account on the third be subject to blackout or other restrictions as part of your compa- Monday of March each year. Eligible equity positions are: (i) com- ny’s compliance policy. If so, you should cover your unpaid balance mon stock, (ii) foreign common stock, (iii) American Depository before the automated sale, as the automated sales process cannot Receipts (ADRs) and (iv) closed-end mutual funds. We will sell differentiate those circumstances. shares from the largest position (by value, based on the previous • If you do not have a valid tax certification form, typically a Form day’s closing price), continuing with successively smaller positions W-9, on file with us, the Internal Revenue Service (IRS) and/or cer- as necessary. If the price per share of the largest eligible equity tain states may require us to withhold a percentage of the pro- position exceeds $250.00, we will sell shares from the next ceeds from these sales, also known as “backup withholding.” If largest position. In the best interest of our Clients, shares may be backup withholding applies, we will sell additional shares to cover sold as part of a block trade with other UBS Clients’ shares and this amount. Clients will receive an average price. If the proceeds of the sale • These sales may be a taxable event, and UBS will not be liable for are greater than the amount of the unpaid debit balance, excess any tax consequences or for any losses or lost profits relating to proceeds will be credited to the account. these sales. • We will process the transactions described above unless market Additional information regarding satisfying debit balances for conditions, technology failures, trading volumes, or other matters unpaid fees: (i) No commissions will be charged on these transac- beyond our control preclude us from accurately processing on the tions; however, standard Processing and Handling and specified dates. In those circumstances, we will process the trans- Transaction fees will apply. For mutual fund transactions, Clients actions on the next available business day. may also incur deferred sales charges. (ii) Offshore mutual funds, • If the sale of eligible equity positions is not sufficient to satisfy the Bulletin Board stocks, pink sheets, and restricted stock or securi- unpaid debit balance, it will remain due in the account. ties held in physical form will not be sold as part of this process. • If necessary, we will complete this process for collecting unpaid (iii) If the account includes shares of a Client’s current employer, fee balances in March, June and September each year using the Clients may be subject to blackout or other restrictions as part of same procedures and timing (second Monday and third Monday, the company’s compliance policy. If so, Clients should cover their respectively) outlined above. unpaid balances before the automated sale, as the automated sales process cannot differentiate those circumstances. (iv) We Fee-related amendment to ‘Custodial Agreement for Traditional will process the transactions described above unless market con- or Roth Individual Retirement Accounts’ ditions, technology failures, trading volumes, or other matters The language below supercedes the corresponding disclosure in Article beyond our control preclude us from accurately processing on the X, Section 10.4 of the “Custodial Agreement for Traditional or Roth specified dates. In those circumstances, we will process the trans- Individual Retirement Accounts.” actions on the next available business day. (v) If the sale of eligi- ble equity positions is not sufficient to satisfy the unpaid debit 10.4 Any fees and other administrative expenses chargeable to the balance, it will remain due in the account. (vi) If necessary, we IRA may be paid directly by the Client (to the extent the payment will complete this process for collecting unpaid fee balances in of such amount is not required to be treated as a contribution) or March, June and September each year using the same procedures may be paid from the IRA if the Client so instructs. In the event and timing (second Monday and third Monday, respectively) out- of a failure by the Client to pay such amounts when due, the lined above. Client hereby authorizes and directs the Custodian to deduct such amounts from the IRA, first from any uninvested cash and Fee-related amendment to ‘Custodial Agreement for SIMPLE then by liquidating any shares of a market sweep fund, if Retirement Accounts’ held in the IRA, and if insufficient, any other sweep fund held in The language below supercedes the corresponding disclosure in Article the IRA. IX, Section 9.4 of the “Custodial Agreement for SIMPLE Retirement Accounts.” Clients may deposit additional funds in their accounts to cover the fee balance, to the annual IRA contribution limit. 9.4 Any fees and other administrative expenses chargeable to the However, if this debit balance for unpaid fees remains, Clients SIMPLE IRA may be paid directly by the Client (to the extent the understand and agree that we will take the following steps to payment of such amount is not required to be treated as a contri- satisfy this debit balance. bution) or may be paid from the SIMPLE IRA if the Client so instructs. In the event of a failure by the Client to pay such On the second Monday of March each year, UBS will sell a suffi- amounts when due, the Client hereby authorizes and directs the cient number of mutual fund shares held in the account. First, we Custodian to deduct such amounts from the SIMPLE IRA, first will sell shares from the largest position (by value based on the from any uninvested cash and then by liquidating any shares of a previous day’s NAV) that was subject to a front-end load or sales money market sweep fund, if held in the IRA, and if insufficient, charge, continuing with successively smaller positions as neces- any other sweep fund held in the IRA. If this debit balance for sary. Next, we will sell the largest position that could be subject unpaid fees remains, Clients understand and agree that we will to a back-end load, continuing with successively smaller positions take the following steps to satisfy this debit balance. as necessary. Finally, we will sell the largest position in no-load funds, continuing with successively smaller positions as necessary. On the second Monday of March each year, UBS will sell a suffi- If all necessary mutual fund transactions cannot be completed in cient number of mutual fund shares held in the account. First, we a single day, we will process transactions for retirement accounts will sell shares from the largest position (by value based on the first, in the order of the account number, and then for all other previous day’s NAV) that was subject to a front-end load or sales account types. charge, continuing with successively smaller positions as neces- sary. Next, we will sell the largest position that could be subject If the sale of mutual funds described above does not result in suf- to a back-end load, continuing with successively smaller positions ficient funds to satisfy the debit balance, UBS will sell shares from as necessary. Finally, we will sell the largest position in no-load

3 funds, continuing with successively smaller positions as necessary. If this debit balance for unpaid fees remains, Clients understand If all necessary mutual fund transactions cannot be completed in and agree that we will take the following steps to satisfy this a single day, we will process transactions for retirement accounts debit balance. first, in the order of the account number, and then for all other account types. On the second Monday of March each year, UBS will sell a suffi- cient number of mutual fund shares held in the Coverdell educa- If the sale of mutual funds described above does not result in suf- tion . First, we will sell shares from the largest ficient funds to satisfy the debit balance, UBS will sell shares from position (by value based on the previous day’s NAV) that was sub- the eligible equity positions held in the account on the third ject to a front-end load or sales charge, continuing with succes- Monday of March each year. Eligible equity positions are: (i) com- sively smaller positions as necessary. Next, we will sell the largest mon stock, (ii) foreign common stock, (iii) American Depository position that could be subject to a back-end load, continuing Receipts (ADRs) and (iv) closed-end mutual funds. We will sell with successively smaller positions as necessary. Finally, we will shares from the largest position (by value, based on the previous sell the largest position in no-load funds, continuing with succes- day’s closing price), continuing with successively smaller positions sively smaller positions as necessary. If all necessary mutual fund as necessary. If the price per share of the largest eligible equity transactions cannot be completed in a single day, we will process position exceeds $250.00, we will sell shares from the next transactions for retirement accounts (including Coverdell educa- largest position. In the best interest of our Clients, shares may be tion savings accounts) first, in the order of the account number, sold as part of a block trade with other UBS Clients’ shares and and then for all other account types. Clients will receive an average price. If the proceeds of the sale are greater than the amount of the unpaid debit balance, excess If the sale of mutual funds described above does not result in suf- proceeds will be credited to the account. ficient funds to satisfy the debit balance, UBS will sell shares from the eligible equity positions held in the Coverdell education sav- Additional information regarding satisfying debit balances for ings account on the third Monday of March each year. Eligible unpaid fees: (i) No commissions will be charged on these transac- equity positions are: (i) common stock, (ii) foreign common stock, tions; however, standard Processing and Handling and (iii) American Depository Receipts (ADRs) and (iv) closed-end Transaction fees will apply. For mutual fund transactions, Clients mutual funds. We will sell shares from the largest position (by may also incur deferred sales charges. (ii) Offshore mutual funds, value, based on the previous day’s closing price), continuing with Bulletin Board stocks, pink sheets, and restricted stock or securi- successively smaller positions as necessary. If the price per share ties held in physical form will not be sold as part of this process. of the largest eligible equity position exceeds $250.00, we will (iii) If the account includes shares of a Client’s current employer, sell shares from the next largest position. In the best interest of Clients may be subject to blackout or other restrictions as part of our Clients, shares may be sold as part of a block trade with the company’s compliance policy. If so, Clients should cover their other UBS Clients’ shares and Clients will receive an average unpaid balances before the automated sale, as the automated price. If the proceeds of the sale are greater than the amount of sales process cannot differentiate those circumstances. (iv) We the unpaid debit balance, excess proceeds will be credited to the will process the transactions described above unless market con- Coverdell education savings account. ditions, technology failures, trading volumes, or other matters beyond our control preclude us from accurately processing on the Additional information regarding satisfying debit balances for specified dates. In those circumstances, we will process the trans- unpaid fees: (i) No commissions will be charged on these transac- actions on the next available business day. (v) If the sale of eligi- tions; however, standard Processing and Handling and ble equity positions is not sufficient to satisfy the unpaid debit Transaction fees will apply. For mutual fund transactions, Clients balance, it will remain due in the account. (vi) If necessary, we may also incur deferred sales charges. (ii) Offshore mutual funds, will complete this process for collecting unpaid fee balances in Bulletin Board stocks, pink sheets, and restricted stock or securi- March, June and September each year using the same procedures ties held in physical form will not be sold as part of this process. and timing (second Monday and third Monday, respectively) out- (iii) If the Coverdell education savings account includes shares of lined above. a Client’s current employer, Clients may be subject to blackout or other restrictions as part of the company’s compliance policy. If Fee-related amendment to ‘Custodial Agreement for Coverdell so, Clients should cover their unpaid balances before the auto- Education Savings Accounts’ mated sale, as the automated sales process cannot differentiate The language below supercedes the corresponding disclosure in Section those circumstances. (iv) We will process the transactions 8.4 of the “Custodial Agreement for Coverdell Education Savings described above unless market conditions, technology failures, Accounts.” trading volumes, or other matters beyond our control preclude us from accurately processing on the specified dates. In those cir- 8.4 Any fees and other administrative expenses chargeable to the cumstances, we will process the transactions on the next avail- Coverdell education savings account may be paid directly by the able business day. (v) If the sale of eligible equity positions is not Client (to the extent the payment of such amount is not required sufficient to satisfy the unpaid debit balance, it will remain due in to be treated as a contribution) or may be paid from the Coverdell the Coverdell education savings account. (vi) If necessary, we will education savings account if the Client so instructs. In the event of complete this process for collecting unpaid fee balances in a failure by the Client to pay such amounts when due, the Client March, June and September each year using the same procedures hereby authorizes and directs the Custodian to deduct such and timing (second Monday and third Monday, respectively) out- amounts from the Coverdell education savings account, first from lined above. any uninvested cash and then by liquidating any shares of a money market sweep fund, if held in the Coverdell education sav- ings account, and if insufficient, any other sweep fund held in the Coverdell education savings account.

4 Fee-related amendment to Amendment to ‘Custodial Agreement may be householded with any other householded account statements for 403(b)(7)s’ sent to that same address. The language below supercedes the corresponding disclosure in Section 5.05 of the “Custodial Agreement for 403(b)(7)s.” Any member of your household has the authority to elect the method by which such statements are delivered for clients at the same mailing 5.05 Any fees and other administrative expenses chargeable to the address (paper copies delivered by regular mail or through various elec- Account may be paid directly by the Client (to the extent the tronic delivery methods). Likewise, any member of your household who payment of such amount is not required to be treated as a con- is enrolled in UBS Online Services can have to view all accounts in tribution) or may be paid from the Account if the Client so the household. instructs. In the event of a failure by the Client to pay such amounts when due, the Client hereby authorizes and directs the Periodically we are required by industry regulators to send Custodian to deduct such amounts from the Account, first from records of certain personal and financial information to our any uninvested cash and then by liquidating any shares of a clients. Because we deliver these records with your account statements, money market sweep fund, if held in the Account, and if insuffi- other members of your household may have access to these records cient, any other sweep fund held in the Account. unless you instruct us to send them to you separately.

If this debit balance for unpaid fees remains, Clients understand If you do not want your statements to be bundled by household, please and agree that we will take the following steps to satisfy this contact your Financial Advisor and ask to receive individual account debit balance. statements mailed in separate envelopes or delivered separately via elec- tronic means. On the second Monday of March each year, UBS will sell a suffi- cient number of mutual fund shares held in the Account. First, we will sell shares from the largest position (by value based on Electronic Delivery Agreement the previous day’s NAV) that was subject to a front-end load or sales charge, continuing with successively smaller positions as Effective immediately, previous versions of our electronic delivery necessary. Next, we will sell the largest position that could be agreement are replaced with the version that appears below. subject to a back-end load, continuing with successively smaller positions as necessary. Finally, we will sell the largest position in UBS offers certain communications through electronic delivery. no-load funds, continuing with successively smaller positions as Categories of communications you may enroll in for e-Delivery include: necessary. If all necessary mutual fund transactions cannot be • Statements for your UBS accounts, which include your UBS Visa completed in a single day, we will process transactions for retire- Signature® credit card statement from the Card Issuer; notices deliv- ment accounts first, in the order of the account number, and ered on or with statements such as our annual Client Privacy Notice; then for all other account types. and messages about transactions and payments. • Trade confirmations and notices regarding account activity. Additional information regarding satisfying debit balances for • Shareholder communications, including annual and other shareholder- unpaid fees: (i) No commissions will be charged on these transac- reports, preliminary and final prospectuses, proxy materials and infor- tions; however, standard Processing and Handling and mation about other corporate actions. Shareholder communications Transaction fees will apply. For mutual fund transactions, Clients also includes all account documents related to Investment Advisory may also incur deferred sales charges. (ii) Offshore mutual funds accounts, including Form ADV disclosure brochures, manager profiles, will not be sold as part of this process. (iii) We will process the asset allocations, performance reports and other disclosures, reports transactions described above unless market conditions, technolo- and notices related to advisory accounts. gy failures, trading volumes, or other matters beyond our control • Quarterly performance reports. preclude us from accurately processing on the specified dates. In • Corporate Employee plan advices. those circumstances, we will process the transactions on the next • Tax reporting documents, including 1099s and other tax documents available business day. (iv) If the sale of eligible mutual fund posi- that are available now or become available in the future. tions is not sufficient to satisfy the unpaid debit balance, it will • Agreements and disclosures relating to the accounts, features and remain due in the account. (v) If necessary, we will complete this services we offer. process for collecting unpaid fee balances in March, June and September each year using the same procedures and timing (sec- By enrolling in e-Delivery of any communications described above, you ond Monday and third Monday, respectively) outlined above. agree that we may also deliver similar firm documents electronically that may be available now or in the future. When available, confirmations of your personal and account information may be included with Householding Method for Statements and related documents that are delivered electronically through UBS Online Services or any other secure method. Please note: These confirmations Other Documents are sent periodically and to confirm certain changes to your account information. These confirmations may be viewable by other members of As a convenience to you, we may consolidate some or all account state- your household through UBS Online Services or other secure methods. ments with the same address in the same envelope. This practice Contact your Financial Advisor if you prefer to receive private, paper ver- is known as “householding.” Accounts may be added to or excluded sions of confirmations of personal and account information instead from householding as clients move to or from the address to which the of electronic versions. householded account statements are sent. The individual selected to receive the householded account statements may also change over time.

Where owners of joint accounts live at different addresses, the state- ments will be sent to at least one of the account owner’s addresses, and

5 If you enroll in e-Delivery for any of the communications described request to make an online payment after 6:00 p.m. Eastern time, the above, the following terms and conditions will apply to all of the UBS UBS Visa Signature credit card issuer will credit your payment as of accounts (current and future) in your UBS statement household. the next business day. Please note: any payment made by 6:00 p.m. • A valid e-mail address is required for our e-Delivery services and you Eastern time on a weekend or holiday will be applied as of the day you are responsible for notifying UBS when your e-mail address changes; make it; however, your available credit will not be increased until the you may update your e-mail address online through UBS Online next business day. Services or by calling your Financial Advisor. • Access to UBS Online Services is required for e-Delivery of documents You are responsible for ensuring that there are sufficient funds in your that contain any personal information; we may, however, deliver such account for each payment you authorize. If any payment is rejected documents by other secure means in the future. for insufficient funds, both we and the UBS Visa Signature credit card • Enrollment in e-Delivery is effective immediately and may be cancelled issuer may charge you applicable fees. Except as expressly provided at any time, either by changing your elections online or by contacting in this Pay Credit Card Feature section, the terms of the Service your Financial Advisor; we confirm cancellations and other changes to Agreement apply to your use of the Pay Credit Card Feature. your delivery preferences by e-mail or regular mail whether they were initiated by you or UBS. CashConnect Feature for the UBS Visa Signature Credit Card • Enrollment for any e-Delivery services for any of your accounts will If you apply for and receive a UBS Visa Signature credit card (a Credit automatically apply to any accounts that you open in the future at Card) from the issuer (Visa Signature Credit Card Issuer), you authorize UBS, subject to certain system limitations. us to transfer funds to the Visa Signature Credit Card Issuer from • You may request paper copies of any document we are required to your Account to repay any cash advances that the Visa Signature deliver to you at any time for no additional charge by contacting your Credit Card Issuer tells us you received through your Credit Card at Financial Advisor. ATMs or financial institutions (Cash Advances). Transfers will be made • We notify you by e-mail when a new document is available; to pro- each business day to repay Cash Advances obtained on the prior day. tect your information, the electronic message generally includes a link Transfers will be made up to your Withdrawal Limit. You authorize the to a secure UBS website where the document can be viewed and Visa Signature Credit Card Issuer and us to share information regarding downloaded. Cash Advances in order to facilitate the CashConnect feature. The terms • If your e-mail address fails, we will mail paper copies of documents or of Cash Advances, and the posting of CashConnect transfers to a paper notice that a document is available with instructions on how the Credit Card, are the responsibility of the Visa Signature Credit Card to access it. Issuer and not us. • By enrolling in e-Delivery, you confirm that you have access to a printer or other device to print or save documents you may wish to The CashConnect feature will apply automatically when you obtain retain. a Credit Card and is subject to the terms of the Bill Payment and • We do not charge for e-Delivery, but your Internet access provider Electronic Funds Transfer Service Agreement, even if you do not enroll in may have separate charges. the service. Transfers from your Account to pay Cash Advances are con- sidered to be electronic funds transfers for purposes of this Service Bill Payment and Electronic Funds Agreement. Transfer Service Agreement If you have any questions regarding the CashConnect feature, or if you prefer not to have this feature, please call UBS Client Services USA at The language below is a supplement to the terms and conditions that 800-762-1000. are outlined in the Bill Payment and Electronic Funds Transfer Service Agreement, which is part of our Agreements and Disclosures booklet Changes to the minimum cap amounts for and the Important Information About Your Account Upgrade booklet. The description of our Pay Credit Card Feature below is part of the the UBS Sweep Program authorization that you provide when you enroll in our Bill Payment and Electronic Fund Transfer Service. This language applies only to credit As of November 7, 2011, the minimum cap amounts for the UBS cards issued by UBS Bank USA. Deposit Account Sweep Program will increase to $250,000 for individual accounts and $500,000 for joint accounts. Accounts that have caps of Pay Credit Card Feature less than $250,000 (individual)/ $500,000 (joint) before November 7, The UBS Bill Payment Service also allows you to pay your UBS Visa 2011, will automatically become subject to the new cap minimums. Signature® credit card on UBS Online Services using a feature called There will be no impact on accounts that have not previously selected a Pay Credit Card. You can make one-time-only payments or set up regu- cap. lar monthly payments. For regular monthly payments, you will have the option to pay i) the Statement Balance or ii) the Minimum Payment Please refer to the UBS Deposit Account Sweep Program disclosure for Due or iii) a fixed payment amount that you select. If your Minimum more information. Payment Due for any month is greater than the fixed payment amount you selected, you authorize us to deduct that Minimum Payment Due. Likewise, if your Statement Balance for any month is less than the General Terms and Conditions fixed payment amount you selected, you authorize us to deduct that Statement Balance. The language below has been added to the firms General Terms and Conditions and the Agreements for UBS Services and Products, which You can schedule regular monthly payments between the 10th and are part of UBS’s Agreements and Disclosures booklet. 20th of every month. You can schedule one-time-only payments any day during the month. If we receive your request to make an online pay- UBS Visa® ment by 6:00 p.m. Eastern time, the UBS Visa Signature credit If you requested one or more debit cards for your eligible Accounts card issuer will credit your payment as of that day. If we receive your (each, a “Card”), you authorize us and the Card Issuer to process Card

6 transactions on your behalf as described below. Use of your Card(s) Withdrawal Limit in connection with your Account will also be governed by the terms and Using your Card, you may get cash and make purchases up to your conditions contained in the Cardholder Agreement. You agree to comply Withdrawal Limit. Note that your Withdrawal Limit may change with these terms and conditions. throughout each day and from day to day. Please note, however, that if your Account is subject to a guarantee that secures the repayment of You understand that the Card Issuer will allow Card transactions up an obligation or amount you owe UBS or any of our affiliates to the “Withdrawal Limit” described below and that transactions with (for example, pursuant to a Credit Line Guarantee Agreement), your your Card are deducted automatically from your Account(s) at the end Withdrawal Limit will be reduced on an ongoing basis by the amount of the month. You agree to have sufficient available assets in your we, or our affiliates, determine in our, or their, sole discretion is neces- Account to make payment in full for Card transactions as they become sary to secure the liability. For a complete discussion of how we calculate due under the Cardholder Agreement. You also understand that if suffi- your Withdrawal Limit, see the section entitled “Withdrawal Limit” in cient assets are not available to cover Card transactions, the Card Issuer your Agreements and Disclosures booklet or other new account disclo- may suspend and/or cancel your Card. sures.

By accepting a Card, you agree that you will not dispose of your assets UBS will notify the Card Issuer, on your behalf, of your Withdrawal in your eligible Account or any other Account you may have with Limit. You agree that neither you nor any person authorized by you us, if that would negatively affect your ability to pay for your Card trans- will initiate transactions with your Card(s) that exceed your Withdrawal actions as they become due under the Cardholder Agreement. You Limit. You also agree that, if you do exceed your Withdrawal Limit, the understand and agree that we have the right to apply assets in any of amount of all excess transactions will become immediately due and your Accounts, or to pursue any of your other assets to pay debts payable at our option. incurred on your Card. For security reasons and in order to prevent fraud, we may impose limits on the number and amount of transactions that you can make with UBS Visa Debit Card Cardholder your Card. Some network ATM machines may impose additional limits Agreement on cash withdrawals.

Cardholder Agreement Security This UBS Visa Debit card Cardholder Agreement (Cardholder Agreement) You agree to take all reasonable precautions to prevent any other person governs the usage of, and your rights and responsibilities with respect from learning your PIN or otherwise gaining access to your account. You to, any UBS Visa Debit card(s) (each, a Card) issued in connection with agree that if you give your Card to another person, you your Account. The Card is issued by UBS Bank USA (also referred to as must get the Card back in order to terminate that person’s authority to the Card Issuer) in accordance with an agreement between UBS Bank use your Card. USA and UBS Financial Services Inc. (also referred to as UBS) and this Cardholder Agreement. Your Client Relationship Agreement and the Debiting of Transaction From Your Account terms, conditions and disclosures included in your Agreements and Your Card is not a credit card; it is an access device linked to your Disclosures booklet and other new account disclosures also apply to your Account. You are responsible for all transactions made by using your Card, but the terms of this Cardholder Agreement control in the event Card, and for satisfying all obligations incurred in connection with of any inconsistency. its use. You authorize the Card Issuer to notify UBS of all your Card transactions on a daily basis, and you authorize UBS to pay the Card This Cardholder Agreement also applies to the use of any Cards Issuer on your behalf. UBS will deduct funds from your Account to pay you request us to issue to any additional cardholders, as well as to any for your Card transactions. person using any Card issued in connection with your Account with express, implied or apparent authority to act on your behalf or on the By signing your Client Relationship Agreement, you authorize UBS, on behalf of any other Cardholder. You agree that the Card Issuer may, but notice from the Card Issuer, to deduct from your Account the amount of is not required to, act on instructions or respond to communications cash withdrawals made with the Card. You also authorize UBS, from those additional users. You are responsible for the use of all Cards once each calendar month, to deduct from your Account the amount of issued in connection with your Account. purchases made with the Card that have been received by the Card Issuer but not yet deducted from your Account. This Cardholder Agreement does not apply to other features of your Account, such as bill payments and electronic funds transfers, nor does UBS will pay amounts from your Account in the order specified in the it apply to the UBS Visa Signature credit card. section entitled “Order of Permitted Payments” in your New Account booklet. If your Account is cancelled or transferred, you agree that UBS Account Access may deduct from your Account and pay the Card Issuer the amount of You may use your Card to: both your cash withdrawals and purchases on a daily basis. • Purchase goods and services wherever Visa debit cards are accepted, and at retail locations that participate in and display the network sym- Cancellation bols shown on the back of your Card. We or the Card Issuer may cancel or revoke your Card, and refuse to • Get cash from your Account from ATMs across the country and allow further transactions, at any time for any reason without notice or around the world that accept cards with marks shown on the front or liability, whether or not you are in default of any part of back of your Cards. this Cardholder Agreement. Cancellation of your Card will not affect your liability for transactions and amounts not yet debited from your You agree not to use your Card in any illegal transaction, or to Account. You agree to surrender and stop using your Card(s) immediate- purchase, trade or carry securities. ly on the request of the Card Issuer, UBS or any bank or merchant acting on instructions from us.

7 Foreign Transactions • Through no fault of the Card Issuer, the balance of your Account was The Card Issuer and Visa (or their affiliates) will convert transactions in attached, subject to legal process or blocked in some way; or foreign into U.S. dollars. Visa will use its conversion • You were trying to defraud the Card Issuer. procedures that are current at the time of the transaction. Currently, Visa selects a rate from the range of rates available in the wholesale cur- There may be other exceptions stated in this Cardholder Agreement. rency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives or the government-mandated rate Contact In The Event Of Unauthorized Transfer in effect for the applicable central processing date. The currency conver- If you believe your Card or Personal Identification Number (PIN) has been sion rate used on the conversion date may differ from the rate in effect lost or stolen or that someone has used or may use your Card or PIN on the date you used your Card. without your permission, call 800-762-1000 or write: UBS Bank USA–Card Operations Division, 1000 Harbor Blvd., 5th Floor, In addition, the Card Issuer will charge UBS Cardholders a Foreign Weehawken, NJ 07086. Country Transaction Fee of (3%) of the U.S. dollar amount of the trans- action if you use your Card or account to effect a transaction with Your Liability For Unauthorized Transfer a party located outside of the United States. Tell Card Issuer at once if you believe your Card or PIN has been lost or stolen, or if your statement shows transfers that you did not make. Fees Telephoning is the best way of reducing possible losses. You could lose Except as discussed in the Foreign Transactions section above, no fees all the money in your Account. are assessed in connection with the use or maintenance of your Card. You will have no liability for unauthorized use of your Card or PIN if: When you use an ATM, you may be charged a fee by the ATM operator i. You have exercised reasonable care in safeguarding your Card and or any network used, and you may be charged a fee for a balance PIN from risk of loss or theft; inquiry even if you do not complete a fund transfer. UBS will reimburse ii. You have not reported two or more incidents of unauthorized use you unlimited ATM fees imposed by an ATM operator or network (to a within the preceding twelve months; and maximum of $3.00 per transaction). iii. Your Card account is in good standing.

Refunds In any event, if you tell the Card Issuer within two (2) business days after You agree to accept a credit to your Card instead of a cash refund you learn of the loss or theft of your Card or PIN, you can lose if you are entitled to a refund for any reason, including in connection no more than $50.00 if someone used your Card or PIN without your with the purchase of goods or services with, or any error on, your Card. permission. If you do not tell the Card Issuer within two (2) business days after you learn of the loss or theft of your Card or PIN, and the Confidentiality Card Issuer can prove that it could have stopped someone from using UBS or the Card Issuer will disclose information to third parties about your Card or PIN without your permission if you had told it, you could your Account, your Card or your transactions: lose as much as $500.00. • When necessary to complete a transfer or transaction; • To verify the existence and condition of your Account or Card for a Also, if your statement shows transfers that you did not make, third party, such as a credit bureau or merchant; including those made by Card or PIN, tell the Card Issuer at once. If • To comply with government agency or court orders; you do not tell the Card Issuer within 60 days after the statement was • If you give your express permission; or mailed to you, you may not get back any money you lost after the 60 • As described in the UBS Privacy Policy. days if the Card Issuer can prove that it could have stopped someone from taking the money if you had told it in time. If a good reason You agree that UBS and the Card Issuer may share information with (such as a long trip or a hospital stay) kept you from notifying the Card any network that may process your Card transactions, for the purpose of Issuer, the Card Issuer will extend the time periods. administering your Card account. In Case Of Errors Or Questions About Your Transactions Documentation Call the Card Issuer at 800-762-1000 or write the Card Issuer at UBS You can get a receipt every time you use your Card at an ATM or point- Bank USA — Card Operations Division, 1000 Harbor Boulevard, of-sale terminal. Your monthly Resource Management Account 8th Floor, Weehawken, NJ 07086, as soon as you can, if you think your (RMA) account statement will show the transfers and transactions you statement or a receipt is wrong, or if you need more information about make using your Card. a transaction listed on your statement or a receipt.

The Card Issuer’s Liability To You If the error concerns an ATM transaction, you must contact the Card If the Card Issuer does not complete a transfer to or from your Issuer and not the or network that operates the Account on time or in the correct amount according to this Cardholder ATM. You must contact the Card Issuer no later than 60 days after the Agreement, the Card Issuer will be liable for your losses or damages to first statement on which the error or problem appeared was sent the extent required by Federal law. However, the Card Issuer will not be to you. liable for your losses or damages if, for instance: • Through no fault of the Card Issuer, the transfer exceeds your • Tell the Card Issuer your name and Card number; Withdrawal Limit; • Describe the error or the transaction you are unsure about, and • The ATM where you are making the transfer does not have enough explain as clearly as you can why you believe it is an error or why you cash; need more information; • The terminal or system was down, or not working properly, and you • Tell the Card Issuer the dollar amount of the suspected error. knew it was not working properly when you started the transfer; • Circumstances beyond the Card Issuer’s control (such as fire or flood) prevent the transfer, despite reasonable precautions that the Card Issuer has taken;

8 If you tell the Card Issuer verbally, it may require that you submit your Preauthorized Payments complaint or question in writing within ten (10) business days. If you have told the Card Issuer in advance to make regular payments from your Account using your Card, you can stop any of those pay- The Card Issuer will determine whether an error has occurred within ments. Here’s how: Call the Card Issuer at 800-762-1000, or write to ten (10) business days after hearing from you and will correct any the Card Issuer at UBS Bank USA—Card Operations Division,1000 error promptly. If the Card Issuer needs more time to investigate your Harbor Boulevard, 8th Floor, Weehawken, NJ 07086, in time for the complaint or question, however, it may take up to forty-five (45) days to Card Issuer to receive your request three (3) business days or more do so. If the Card Issuer decides to do this, we will credit your Account before the payment is scheduled to be made. If you call, the Card Issuer within ten (10) business days for the amount you think is in error, so may also require you to put your request in writing and deliver it to the that you will have use of the funds during the time it takes the Card Card Issuer within 14 days after you call. Issuer to complete their investigation. If the Card Issuer asks you to put your complaint or question in writing and it does not If these regular payments vary in amount, the payee will tell you ten (10) receive it within ten (10) business days, we may decide not to credit your days before each payment, when it will be made and how much it will Account. be. You may choose instead to get this notice only when the payments differ by more than a certain amount from the previous payment, or For errors involving new Accounts, point-of-sale or foreign-initiated when the amount would fall outside certain limits that you set. transactions, the Card Issuer may take up to ninety (90) days to investi- gate your complaint or question. For new Accounts, the Card Issuer may If you order the Card Issuer to stop one of these payments three take up to twenty (20) business days to credit your Account for the (3) business days or more before the transfer is scheduled, and the Card amount you think is in error. Issuer does not do so, the Card Issuer will be liable for your losses and damages. The Card Issuer will tell you the results within three (3) business days after completing its investigation. If the Card Issuer decides that there was no error, the Card Issuer will send you a written explanation.

You may ask for copies of the documents that were used in the investigation.

Changes To This Agreement and Applicable Law We reserve the right to change, modify, delete or add (collectively, Changes) to this Cardholder Agreement and to apply any Changes to Cards that have been issued. We will provide you with a notice of all Changes as required by applicable law. The Card Issuer may, at any time and in its sole discretion, choose to not exercise a right without waiving that right.

This Cardholder Agreement and all aspects of the relationship between you and the Card Issuer with regard to the Card are governed by and construed in accordance with Federal law, and to the extent that state law applies, the laws of the State of Utah.

9 UBS Visa Signature Credit Card Terms and Conditions

Account Summary Table

Card Program Level UBS Preferred Visa Signature credit card UBS Visa Signature credit card

Annual Percentage Rate (APR) 13.24% for Purchases This APR will vary with the market based on the Prime Rate.

APR for Balance Transfers 9.99% introductory APR for six billing cycles

After that, your APR will be 13.24%. This APR will vary with the market based on the Prime Rate.

APR for Cash Advances 21.99%

This APR will vary with the market based on the Prime Rate.

Penalty APR and When it Applies 27.24%

This APR may be applied to your account if you: 1. Make a late payment; or 2. Make a payment that is returned.

This APR will vary with the market based on the Prime Rate.

How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR may apply to your balances indefinitely.

Paying Interest Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.

For Credit Card Tips from the To learn more about factors to consider when applying for or using a credit card, visit the website Board of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.

See next page for more important information about your account.

10 Account Summary Table continued

Fees

Card Program Level UBS Preferred Visa Signature credit card UBS Visa Signature credit card

Annual Fee $495 $0

Transaction Fees:

• Balance Transfer Either $10 or 3% of the amount of each transfer, whichever is greater (maximum fee: $250)

• Either $10 or 3% of the amount of each cash advance, whichever is greater.

Foreign Transaction $0 3% of each transaction in U.S dollars.

Penalty Fees:

• Late Payment Up to $35

• Over-the-Credit-Line $0

• Returned Payment Up to $35

How We Will Calculate Your Balance: We use a method called “daily balance (including new purchases).”

Loss of Introductory APR: We may end your Introductory APR and apply the Penalty APR if you make a late payment.

Billing Error Rights: Information about your rights to transactions and how to exercise those rights is included in the account opening disclosures.

See next page for more important information about your account.

11 Terms and Conditions date of birth, social security number, and other information that will Terms and Conditions Authorization: I understand that the use allow us to identify you. We may also ask to see copies of identifying of any credit card account opened or any card issued in connection documents. with this offer will constitute my acceptance of and will be subject to the terms and conditions of these Terms and Conditions and Notice to Married Wisconsin Residents: No provision of any marital the Cardmember Agreement that will be sent to me. I agree to be property agreement, unilateral statement under Section 766.59 of responsible for all charges incurred according to the Cardmember the Wisconsin statutes, or court order under Section 766.70 adversely Agreement. I understand that after my account is opened, the terms affects the interest of the Bank, unless the Bank, prior to the time of my account are subject to change as provided in the Cardmember the credit is granted or an open-end credit plan is entered into, is Agreement. furnished a copy of the Agreement, Statement or Decree, or has actual knowledge of the adverse provision. If I am a married Wisconsin About Your Application and This Offer: Credit cards are issued resident, credit extended under this account will be incurred in by UBS Bank USA (referred to as Bank, or “we,” “us,” and “our”). the interest of my marriage or family. Depending on our review of your application and your credit history, or if the income you report is insufficient based on your current Balance Transfers. Here’s How it Works: To request a balance obligations, we may be unable to open an account for you. You also transfer please enter the 15 or 16 digit account number from the understand that if your application is approved for an account, the APR MasterCard®, Visa®, American Express®, or Discover® Card account that and the type of account that you receive may be determined based on you want us to process a balance transfer to. Upon approval of your your creditworthiness. Please review the materials provided with your application we will provide you with your Cardmember Agreement Cardmember Agreement for more details. Omission of any information and to the extent permitted by your credit line we will process the requested on this application may result in a denial of credit. This offer requested balance transfer payment to the credit card account(s) which is available only to applicants who are permanent residents of the 50 you have requested. If the total amount you request exceeds the United States, the District of Columbia and U.S. Territories. assigned credit line on this account, we may either decline the request or send a partial payment to your creditor(s) in the order you provided Changes to Account and Benefits Terms: We reserve the right them to us. The amount of available credit on this account will be to change the APR and other account terms in accordance with the reduced by the amount of the balance transfer and the related balance Cardmember Agreement, Utah law and the Federal Truth in Lending transfer fees. We reserve the right to decline to process any requested Act. We also reserve the right to change the benefits and features balance transfer. We will not process a request to transfer a balance associated with the card or the account. from any other account you may have with us. Balance transfers incur interest from the transaction date and they do not have the same About Your Credit Report, Your Credit Performance, and your dispute rights as transactions conducted with a credit card. Credit Information: You agree that we have the right to obtain a current credit report in connection with our review of your application A balance transfer may take up to four weeks to post to your other and, subsequently, in connection with a requested charge to any credit card accounts. Continue to pay each creditor until the balance account with us, the renewal, review or collection of your account, or transfer appears on the other account as a credit. If you would like to a change in your credit line; and that we have the right to report to complete a balance transfer from another account that is not a Visa, others our experience with you without disclosing your credit eligibility MasterCard, American Express, or , please call the phone information. Upon your request, we will tell you the name and number on the back of your new credit card once you are approved. address of each consumer reporting agency from which we obtained a consumer report about you. After your account is opened, we will Introductory APR for Balance Transfers is available on all Balance periodically review your credit performance. Transfers made during the first six billing cycles after account opening. The introductory APR will be applied to each eligible Balance Transfer If you are a client of UBS Financial Services Inc. (UBS FSI), you further for the first six billing cycles after the date of the Balance Transfer. agree that UBS FSI may share credit eligibility and other related information with the Bank in connection with our review of your Automatic Re-payment of Cash Advances through CashConnect: application. The CashConnect feature on your UBS credit card account will automatically repay new Cash Advances obtained from ATMs and How the Variable APRs on Your Account will be Determined: The financial institutions (CashConnect Cash Advances), each night, with APRs on your account will be determined each billing cycle by adding available funds from your UBS Resource Management Account® a margin to the Prime Rate (which will be the highest rate published in (RMA®) or your UBS Business Services Account BSA® (either referred to the Money Rates column of The Wall Street Journal on the last business as UBS Account). You will incur no interest charges on CashConnect day of each month). See your Cardmember Agreement for more detail. Cash Advances, as long as there are sufficient available funds in your The APRs noted above are current as of 06/23/11 using a Prime Rate of UBS Account to repay your CashConnect Cash Advance transaction in 3.25%. To find out what may have changed please call 800-762-1000. full when we first seek payment from your UBS Account. If sufficient available funds are not available in your UBS Account to pay off your Important Information About Procedures for Opening a New CashConnect Cash Advances balance in full, then the Variable APR Account: To help the government fight the funding of terrorism on Cash Advances (as listed in the Account Summary Table) will apply and money laundering activities, Federal law requires all financial as of the original transaction date on any remaining balance. You will institutions to obtain, verify, and record information that identifies be charged the Variable APR on Cash Advances on your remaining each person who opens an account. What this means to you: When CashConnect Cash Advance balance until it is repaid in full. Applicable you apply for an account, we will ask for your name, street address, ATM surcharge fees may apply. No other account balances are paid

12 through the CashConnect feature. The CashConnect feature only applies if you have a UBS Account. If you have a UBS Account and choose not to participate in the CashConnect feature, please contact UBS Financial Services Inc. at 800-762-1000.

What is considered a Cash Advance The purchase of a money order, travelers’ check, foreign currency, lottery ticket, gambling chip, or is a cash advance.

The Cash Advance Transaction Fee applies, and is equal to $10 or 3% of the amount of each transaction, whichever is greater.

Authorized Card Manager Authorized Card Manager means the person you designate to manage your Account, make decisions about your Account, and obtain information about your Account.

Rewards If your RMA, Business Services Account BSA, Card(s) or enrollment in the Program is cancelled, you will be allowed not less than 90 days following the effective date of account and/or cards services termination to redeem outstanding Points for gift cards or merchandise or to transfer the points to an open UBS card account. The Bank reserves the right to close your UBS credit card account without notice in the event your RMA or Business Services Account BSA is closed for any reason. In the event we close your UBS credit card account, you will have not less than 90 days to redeem your Points for gift cards or merchandise.

About Us and This Credit Card Program This credit card program is issued and administered by UBS Bank USA, located in Salt Lake City, Utah. Any credit card account opened in response to this application shall be governed by federal law and, to the extent state law applies, the laws of the State of Utah. Visa is a registered trademark of Visa USA, Inc. and is used by us pursuant to a license.

The information contained in these disclosures is accurate as of 06/23/11 and may change after this date.

13 Account Summary Table (For Residents of Iowa and Puerto Rico Only)

Interest Rates and Interest Changes

Card Program Level UBS Preferred Visa Signature credit card UBS Visa Signature credit card

Annual Percentage Rate 13.24% (APR) for Purchases This APR will vary with the market based on the Prime Rate.

APR for Balance Transfers 9.99% introductory APR for six billing cycles

After that, your APR will be 13.24%. This APR will vary with the market based on the Prime Rate.

APR for Cash Advances 21.99%

This APR will vary with the market based on the Prime Rate.

Penalty APR and When 27.24% it Applies This APR may be applied to your account if you: 3. Make a late payment; or 4. Make a payment that is returned.

This APR will vary with the market based on the Prime Rate.

How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR may apply to your balances indefinitely.

Paying Interest Your due date is at least 23 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.

For Credit Card Tips To learn more about factors to consider when applying for or using a credit card, visit the website of the from the Federal Federal Reserve Board at http://www.federalreserve.gov/creditcard. Reserve Board

Fees

Card Program Level UBS Preferred Visa Signature credit card UBS Visa Signature credit card

Annual Fee $495 $0

Transaction Fees:

• Balance Transfer Either $2 or 2% of the amount of each transfer, whichever is greater (maximum fee: $10)

• Cash Advance Either $2 or 2% of the amount of each cash advance, whichever is greater (maximum fee: $10)

Foreign Transaction 0%

Penalty Fees:

• Late Payment Up to $15

• Over-the-Credit-Line $0

• Returned Payment Up to $15

How we will calculate your balance: We use a method called “average daily balance (including new purchases).”

Loss of introductory APR: We may end your Introductory APR and apply the Penalty APR if you make a late payment.

Billing error rights: Information on your rights to dispute transactions and how to exercise those rights is included in the account opening disclosures.

See next page for more important information about your account.

14 Terms and Conditions application we will provide you with your Cardmember Agreement and Terms and conditions authorization: I understand that the use to the extent permitted by your credit line we will process the requested of any credit card account opened or any card issued in connection balance transfer payment to the credit card account(s) which you with this offer will constitute my acceptance of and will be subject have requested. If the total amount you request exceeds the assigned to the terms and conditions of these Terms and Conditions and credit line on this account, we may either decline the request or send the Cardmember Agreement that will be sent to me. I agree to be a partial payment to your creditor(s) in the order you provided them responsible for all charges incurred according to the Cardmember to us. The amount of available credit on this account will be reduced Agreement. I understand that after my account is opened, the terms by the amount of the balance transfer and the related balance transfer of my account are subject to change as provided in the Cardmember fees. We reserve the right to decline to process any requested balance Agreement. transfer. We will not process a request to transfer a balance from any other account you may have with us. Balance transfers incur interest About your application and this offer: Credit cards are issued by from the transaction date and they do not have the same dispute rights UBS Bank USA (referred to as “Bank,” or “we,” “us,” and “our”). as transactions conducted with a credit card. Depending on our review of your application and your credit history, or if the income you report is insufficient based on your current A balance transfer may take up to four weeks to post to your other obligations, we may be unable to open an account for you. You also credit card accounts. Continue to pay each creditor until the balance understand that if your application is approved for an account, the APR transfer appears on the other account as a credit. If you would like to and the type of account that you receive may be determined based on complete a balance transfer from another account that is not a Visa, your creditworthiness. Please review the materials provided with your MasterCard, American Express, or Discover card, please call the phone Cardmember Agreement for more details. Omission of any information number on the back of your new credit card once you are approved. requested on this application may result in a denial of credit. This offer is available only to applicants who are permanent residents of the 50 Introductory APR for Balance Transfers is available on all Balance United States, the District of Columbia and U.S. Territories. Transfers made during the first six billing cycles after account opening. The introductory APR will be applied to each eligible Balance Transfer Changes to account and benefits terms: We reserve the right to for the first six billing cycles after the date of the Balance Transfer. change the APR and other account terms in accordance with the Cardmember Agreement, Utah law and the Federal Truth in Lending Automatic re-payment of Cash Advances through CashConnect: Act. We also reserve the right to change the benefits and features The CashConnect feature on your UBS credit card account will associated with the card or the account. automatically repay new Cash Advances obtained from ATMs and financial institutions (CashConnect Cash Advances), each night, with About your credit report, your credit performance, and your available funds from your UBS Resource Management Account® (RMA®) credit information: You agree that we have the right to obtain a or your UBS Business Services Account BSA® (either referred to as UBS current credit report in connection with our review of your application Account). You will incur no interest charges on CashConnect Cash and, subsequently, in connection with a requested charge to any Advances, as long as there are sufficient available funds in your UBS account with us, the renewal, review or collection of your account, Account to repay your CashConnect Cash Advance transaction in or a change in your credit line; and that we have the right to report full when we first seek payment from your UBS Account. If sufficient to others our experience with you without disclosing your credit available funds are not available in your UBS Account to pay off your eligibility information. Upon your request, we will tell you the name and CashConnect Cash Advances balance in full, then the Variable APR address of each consumer reporting agency from which we obtained on Cash Advances (as listed in the Account Summary Table) will apply a consumer report about you. After your account is opened, we will as of the original transaction date on any remaining balance. You will periodically review your credit performance. be charged the variable APR on Cash Advances on your remaining CashConnect Cash Advance balance until it is repaid in full. Applicable If you are a client of UBS Financial Services Inc. (UBS FSI), you further ATM surcharge fees may apply. No other account balances are paid agree that UBS FSI may share credit eligibility and other related through the CashConnect feature. The CashConnect feature only information with the Bank in connection with our review of your applies if you have a UBS Account. If you have a UBS Account and application. choose not to participate in the CashConnect feature, please contact UBS Financial Services Inc. at 800-762-1000. How the variable APRs on your account will be determined: The APRs on your account will be determined each billing cycle by adding What is considered a Cash Advance a margin to the Prime Rate (which will be the highest rate published in The purchase of a money order, travelers’ check, foreign currency, the Money Rates column of The Wall Street Journal on the last business lottery ticket, gambling chip, or wire transfer is a cash advance. day of each month). See your Cardmember Agreement for more detail. The APRs noted above are current as of 06/23/11 using a Prime Rate of The Cash Advance Transaction Fee applies, and is equal to $2 or 2% 3.25%. To find out what may have changed please call 800-762-1000. of the amount of each transaction, whichever is greater (maximum fee: $10). Important information about procedures for opening a new account: To help the government fight the funding of terrorism and Authorized Card Manager money laundering activities, Federal law requires all financial institutions Authorized Card Manager means the person you designate to manage to obtain, verify, and record information that identifies each person your Account, make decisions about your Account, and obtain who opens an account. What this means to you: When you apply for information about your Account. an account, we will ask for your name, street address, date of birth, social security number, and other information that will allow us to Rewards identify you. We may also ask to see copies of identifying documents. If your Resource Management Account, Business Services Account BSA, Card(s) or enrollment in the Program is cancelled, you will be allowed Balance transfers. Here›s how it works: To request a balance not less than 90 days following the effective date of account and/or transfer please enter the 15 or 16 digit account number from the cards services termination to redeem outstanding Points for gift cards or MasterCard®, Visa®, American Express®, or Discover® Card account that merchandise or to transfer the points to an open UBS card account. The you want us to process a balance transfer to. Upon approval of your Bank reserves the right to close your UBS credit card account without

1515 notice in the event your RMA or Business Services Account BSA is closed for any reason. In the event we close your UBS credit card Additional Disclosures account, you will have not less than 90 days to redeem your Points for Rewards Program gift cards or merchandise. Effective October 31, 2011, UBS will make changes to its rewards program for the UBS American Express® Card. About us and this credit card program: This credit card program is issued and administered by UBS Bank USA, located in Salt Lake City, This Addendum sets forth changes to the UBS Rewards Program terms Utah. Any credit card account opened in response to this application and conditions that are included in the documents we provide to shall be governed by federal law and, to the extent state law applies, you when you open a UBS account. The changes affect only the UBS the laws of the State of Utah. Visa is a registered trademark of Visa American Express Card; they do not affect existing UBS credit cards. USA, Inc. and is used by us pursuant to a license. October 31, 2011 is the last date that you will earn My Rewards The information contained in these disclosures is accurate as of points for purchases made using your UBS American Express Card. 06/23/11 and may change after this date. Your purchases must post to your account by October 31, 2011 to be eligible to earn points. In most cases, purchases will post on the same day as the purchase. However, there may be a delay of several days or longer, particularly for online purchases or purchases outside of the U.S.

If you only have a UBS American Express Card, January 31, 2012 is the last date you can redeem your points. After January 31, 2012, your points will expire.

You can continue to earn My Choice Rewards points by opening and using a UBS Visa Signature® credit card. Plus, the points you have already earned will not expire so long as the credit card account associated with your UBS account is open and in good standing.

Visa Signature is a registered service mark of Visa International. UBS Visa Signature credit cards are issued and administered by UBS Bank USA with permission from Visa U.S.A. Incorporated.

©2011 UBS Financial Services Inc. All rights reserved. Member SIPC.

UBS Financial Services Inc. ubs.com/fs 110325-2860-016 070511 110711

UBS Financial Services Inc. is a subsidiary of UBS AG. ab

Important Information About Your Account Upgrade

For more information Call ResourceLine, our interactive voice response telephone unit, 24 hours a day, 7 days a week at 800-762-1000, option”0” in the U.S. Outside the U.S., call ResourceLine collect at 201-352-5257.

Information about how we charge for our services and a detailed explanation of fees for selected investments and services are available at ubs.com/accountdisclosures.

This booklet contains disclosures required by federal law. Please keep this information for future reference. Intentionally Left Blank About Your UBS Account: General Terms and Conditions 1 7 5 ....15 ...... 51 ...... 35 ...... 36 ...... 35 ...... 35 ...... 31 ...... For more information Information about how we charge for our services and a detailed explanation of fees for selected investments and services are available at ubs.com/accountdisclosures...... 36 ...... 4 ...... Revenue Sharing Payment for Order Flow Revenue Sharing Payment for Order 37 Tax Forms for non-U.S. clients ...... Account Protection - Securities Investor Protection Corporation Account Protection - Securities Investor Plan UBS Financial Services Business Continuity Disclosure Statement...... UBS Dividend Reinvestment Program UBS Rewards Program ...... Bill Payment and Electronic Funds Transfer Service ...... 19 Bill Payment and Electronic UBS American Express Agreement ...... 23

UBS Visa Signature Credit Card Terms and Conditions UBS Visa Signature Credit Card Terms ...... 27 UBS Select and Premier Levels ...... UBS Visa Signature Credit Card Terms and Conditions UBS Visa Signature Credit Card Terms UBS Charter Level ......

Loan Disclosure Statement ...... 4 Statement of Credit Practices...... Additional Disclosures Affiliated Business Arrangement Disclosure Statement...... 49 Affiliated Business Arrangement Disclosure UBS Deposit Account Sweep Program ...... 39 UBS Deposit Account Sweep Program Client Privacy Notice Agreements for UBS Services and Products Agreements for UBS General Terms and Conditions...... 5 General Terms and ...... Fees and Charges Conducting Business at UBS: Understanding the Differences Understanding the Business at UBS: Conducting Services ...... 3 and Broker-Dealer Investment Advisory Between II. Agreements With UBS II. Agreements With

I. With Us Your Relationship About Information Table of Contents Table III. General Disclosures Intentionally Left Blank

2 Conducting Business with UBS About Your UBS Account: Conducting Business with Understanding the Differences Between Investment Advisory and Broker-Dealer Services

“You,” “your” and As a firm that provides services to applicable state laws. The standards for broker-dealers “yours” refer to you as clients in the U.S., UBS Financial Services Inc. is registered include the following: Client(s) of UBS. with the U.S. Securities and Exchange Commission (SEC) as a broker-dealer and an investment adviser, offering both • As your broker-dealer, we have a duty to deal fairly “UBS,” “we,” “us,” “our” brokerage and investment advisory services. with you. Consistent with our duty of fairness, we are and “ours” refer to UBS obligated to make sure that the prices you receive when Financial Services Inc. Our clients work with their Financial Advisors to determine we execute transactions for you are reasonable and and unless we indicate the services that are most appropriate given their goals and fair in light of prevailing market conditions and that otherwise, its successor firms, subsidiaries, circumstances. Based on the services you request, we can the commissions and other fees we charge you are not correspondents and fulfill your wealth management needs in our capacity as a excessive. Affiliates, including its broker-dealer, as an investment adviser, or as both. Most of • We must have a reasonable basis for believing that any parent company, UBS our Financial Advisors are qualified and licensed to provide securities recommendations we make to you are suitable AG. both brokerage and advisory services depending on the and appropriate for you, given your individual financial services their clients need. circumstances, needs and goals. “Affiliates” refers to • We are permitted to trade with you for our own account UBS Financial Services In addition, some of our Financial Advisors hold educational (“principal trading”) or for an affiliate or another client Incorporated of Puerto or professional credentials, such as the Certified Financial and may earn a profit on those trades. When we engage Rico (which clears through UBS Financial ® Planner™ (CFP ) designation. Holding a professional in these trades, we disclose the capacity in which we Services Inc.), UBS Bank designation typically indicates that the Financial Advisor acted on your confirmation, though we are not required USA, UBS Credit Corp., has completed certain courses or continuing education. to communicate this or obtain your consent in advance UBS Trust Company, However, a Financial Advisor’s professional designation or to inform you of the profit earned on the trades. N.A. and their insurance does not change UBS’s or the Financial Advisor’s obligation • When we act as your broker-dealer, we do not agency affiliates and to you in either the advisory or brokerage services offered enter into a fiduciary relationship with you. Absent subsidiaries and all other to you. special circumstances, we are not held to the same subsidiaries and affiliates. legal standards that apply when providing investment Examples of our advisory It is important to understand that brokerage and advisory services. Our legal obligations to disclose programs and services investment advisory services are separate and distinct detailed information to you about the nature and scope include our financial and each is governed by different laws and separate of our business, personnel, fees, conflicts between our planning services and contracts with you. While there are similarities and your interests and other matters are more our ACCESS, Portfolio between the brokerage and advisory services we limited than when we are providing investment advisory Management Program provide, depending on the capacity in which we act, services to you. (PMP), Managed our contractual relationship and legal duties to you Accounts Consulting, Strategic Advisor are subject to a number of important differences. SELECTIONS, Strategic Our Services as an Investment Adviser and Wealth Portfolio, This document is intended to inform you about the Relationship With You and PACE programs. key distinctions between brokerage and investment An example of our advisory services and our respective duties and In our capacity as an investment adviser, we offer client brokerage accounts obligations. We encourage you to review it carefully a number of investment advisory programs, including is our Resource and discuss it with your Financial Advisor. comprehensive financial planning, discretionary account Management Account. management, non-discretionary investment advisory programs, and advice on the selection of investment Our Services as a Broker-Dealer and Relationship managers and mutual funds offered through our With You investment advisory programs. These services are offered in programs where fees are calculated as a percentage of As a full-service broker-dealer, our services are not assets in the account or a flat or annual fee. limited to taking customer orders and executing securities transactions. In this capacity, we provide a variety of services When we act as your investment adviser, we generally relating to investments in securities, including providing will enter into a written agreement with you expressly investment research, executing trades and providing custody acknowledging our investment advisory relationship services. In a brokerage account, you pay us a commission with you and describing our obligations to you. At the each time we execute a transaction in your account. We beginning of our advisory relationship, we will give you our also make recommendations to our brokerage clients about Form ADV brochure, which provides detailed information whether to buy, sell or hold securities. We consider this about the program(s) you select; the advisory services we to be part of our brokerage services and do not charge a provide; our fees, personnel, other business activities and separate fee for this advice. Our recommendations must financial industry affiliations; and conflicts between our be suitable for you, in light of your particular financial interests and your interests. circumstances, goals and tolerance for risk.

When we work with you in our capacity as broker-dealer, Our Fiduciary Responsibilities as an Investment we do not make investment decisions for you or manage Adviser your accounts on a discretionary basis. We will only buy or sell securities for brokerage clients based on specific As your investment adviser, we are considered to have directions from you. a fiduciary relationship with you under the Investment Advisers Act of 1940 and applicable state laws. Specifically, we are required to: Our Responsibilities to You as a Broker-Dealer • Disclose all material conflicts between our interests and When we act as your broker, we are subject to the your interests. Securities Exchange Act of 1934, the Securities Act of • Inform you if we or our affiliates receive additional 1933, the rules of self-regulatory organizations such as compensation from you or a third-party as a result of our the Financial Industry Regulatory Authority (FINRA) and relationship with you.

3 About Your UBS Account: Conducting Business with

• Obtain your informed consent before engaging in • Act in what we reasonably believe to be your best transactions with you for our own account or that of interests, and in the event of a conflict of interest, place an affiliate or another client when we act in an advisory your interests before our own. capacity. • Treat you and our other advisory clients fairly and Our contractual agreements with you will specify whether equitably, without unfairly favoring one client to the we are acting as a “fiduciary” to a retirement plan account disadvantage of another. for purposes of the Employee Retirement Security Act of • Make investment decisions or recommendations that: 1974 or the Internal Revenue Code. – Are suitable and appropriate for you. – Are consistent with your investment objectives and goals. – Reflect any restrictions you have placed on us.

4 About Your UBS Account: General Terms and Conditions 5 “Accounts” refers to all “Accounts” refers open with accounts you the future. us now or in Throughout this Agree- ment, “you,” “your” and “yours” refer to you as a Client(s) of UBS. “UBS,” “we,” “us,” “our” and “ours” refer to UBS Financial Services Inc. and, unless we indicate otherwise, its successor firms, subsidiaries, correspondents and affiliates, including without limitation, its parent company, UBS AG. “Affiliates” refers to UBS Financial Services Incorporated of Puerto Rico (which clears through UBS Financial Services Inc.), UBS Bank USA, UBS Credit Corp., UBS Trust Company, N.A. and their insurance agency affiliates and subsidiaries, and all other subsidiaries and affiliates. “UBS Entity” refers to UBS Financial Services Inc. and each of these affiliates. Please consult your tax or legal advisor for information about the form of ownership that is appropriate for you. UBS and its employees do not give tax or legal advice. “Property” includes, but is not limited to, securities, money, stocks, options, bonds, notes, futures contracts, commodities, commercial paper, certificates of deposit and other obligations, contracts, all other property usually and customarily dealt in by brokerage firms and any other property that can be recorded in any of your accounts with us. after we receive written notice from any Account Holder written notice from after we receive Joint Account. closing the of the Joint Account agrees to Each of the Account Holders the Card Issuer and Check Provider indemnify and hold us, any losses, causes of action, harmless from and against arising from, or as a result of, damages and expenses of any one of the Account our following the instructions Holders. Rights of Survivorship with rights of survivorship If you have a Joint Account Holders dies, all assets in and any of the Joint Account survivor(s) on the same terms the Account pass to the held, without releasing the and conditions as previously the liabilities. decedent’s estate from Property Distribution from a Joint Account Account, Before we distribute any Property from a Joint entitled we, the Card Issuer and the Check Provider are to recover any costs we may incur, including reasonable Account attorney’s fees, as a result of a dispute among or the Holders relating to or arising from a Joint Account death of one or more Joint Account Holders. died will The estate of a Joint Account Holder who has to be be liable and any survivors or heirs shall continue and/ liable, jointly and severally, to us, the Card Issuer loss in the or the Check Provider for any debit balance or before we Joint Account as a result of transactions initiated survivors will receive notification of a death. The estate and liquidation also be liable for any losses incurred during the of the of a Joint Account or the adjustment of the interests behalf of surviving parties. The Joint Account Holders on and themselves, their estates and heirs agree to indemnify Provider hold harmless UBS, the Card Issuer and the Check by third from any liability for taxes owed or claims made parties in connection with a Joint Account. Custodian Accounts under the If you open an Account as custodian for a minor Uniform Transfer to Minors Act (UTMA) or the Uniform Gifts to Minors Act (UGMA) (an “UTMA/UGMA Account”), you authorize UBS to facilitate the transfer of the UTMA/ UGMA Account to the former minor at the termination of your custodianship under applicable state law, including accepting instructions from the former minor for the transfer UTMA/UGMA assets. Margin Accounts – Securities Lending If we lend your securities as described in the Margin Agreement, you may receive a “substitute payment” in lieu of a dividend. A substitute payment is a payment made to a securities lender such as UBS in lieu of a dividend while the securities are on . According to the Internal Revenue Service, a substitute payment is not a “qualified dividend” and is taxed as ordinary income. When possible, we will ensure that individuals and certain qualifying trusts and estates receive qualified dividends rather than substitute payments. If we are unable to do so, we will pay you additional compensation equal to the net, after-tax, difference between your assumed 35% U.S. federal income tax rate on ordinary income and the 15% reduced dividend rate under the 2003 Tax Law.

Communications we send to any Account Holder by mail or other means of communication will be binding on all Joint Account Holders. We may (i) demand payment on any debit balance or loss at any time, (ii) suspend all activity in the Joint Account pending instructions from a court of competent jurisdiction, or (iii) require that instructions for the Joint Account or the Property in it be delivered in writing and signed by all Account Holders. The individual authority of each Account Holder to act in connection with the Joint Account shall continue until a reasonable time Joint Accounts (a If you open an Account with more than one owner that “Joint Account”), each Joint Account Holder agrees UBS are any disputes that may arise between you and in the subject to the arbitration and governing law clauses Client Relationship Agreement. you References to the particular form of joint ownership and selected for the Account are for your convenience reflect the form in which deposits to the account are accepted and credited on our books. Each Joint Account Holder has full power and authority to make purchases and sales, including short sales and the use of margin, to withdraw any Property individually or jointly, or to give any instructions for the Joint Account. We, the Card Issuer and the Check Provider are authorized and directed to act on instructions received from any Account Holder and to accept payment and securities from any Account Holder for credit to a Joint Account. When you carry a Joint Account, you each agree to be jointly and severally liable for all activity in the Joint Account and any debit balance or losses in the Joint Account. At UBS, we want all clients to be well-informed investors. want all clients to be well-informed At UBS, we and throughout your opening process During the account presented with important with UBS, you will be relationship that govern your relationship disclosures and documents that you take the time to read and with us. It is important this information. thoroughly understand “General Term and Conditions” This section defines the Accounts with us. Please that apply to you and your if you have questions contact your Financial Advisor or require more information. for an account at UBS is Approval of your application a signed Client Relationship subject to our receiving any additional agreements are Agreement from you. If services or features you request, required for the additional forms and documents. we will provide the necessary the signed After you sign and return the necessary forms, of your agreements will supplement and become part overall agreement and apply to your Account(s). Client Representations and By signing a UBS account agreement, you represent sign on warrant that you and any other individuals who authority behalf of the named account holder have the and to open the Account and effect all transactions the Client other investments for the Account. If you sign or as a Relationship Agreement on behalf of an entity that guardian, executor or trustee, you further represent and you have the authority to execute such an Agreement in the that the entity is duly authorized to conduct business jurisdiction from which it transacts business. General Terms and Conditions and Terms General . ® Card ® failure to report Discrepancies within the sixty (60) day failure to report Discrepancies within the sixty period described above. If you requested one or more debit cards for your eligible Accounts (each, a “Card”), you authorize us and the Card Issuer to process Card transactions on your behalf unauthorized or missing signature or alteration transactions or alteration signature or missing unauthorized you. to or made available was mailed reflected) are first be you will conditions, all of these do not satisfy If you by applicable law. to the extent provided liable for a loss statements carefully that you examine your It is important notify UBS Financial You are required to and promptly. regarding checks of any claimed errors Services Inc. unauthorized the statement, or of any reflected on of such checks on or alteration or missing signature do not notify UBS Financial Services (“Discrepancies”). If you within sixty (60) days after your Inc. of any Discrepancies made available to you, then (1) statement was mailed or checks reflected on it will be deemed your statement and all UBS Financial Services Inc. will not conclusively correct; (2) paid or charged to the account be liable for any checks regarding checks shown on the or for any Discrepancies may not assert a claim against UBS statement; and (3) you respect to the Discrepancies. Financial Services Inc. with check occur from your negligence, If losses arising from a loss. Examples of negligence you may be liable for that include: • Unauthorized use of signature machines or stamps; • Blanks or spaces in required check fields; • Checks written in pencil; • Entrusting checks to a wrong person; • Writing checks payable to “cash”; • Failing to report or discover wrongdoing, including your In any event, UBS will not honor claims of unauthorized (1) year signature(s) or alteration of checks beyond one signature after the statement reflecting the unauthorized you. These or alteration was mailed or made available to time for terms do not change your rights, including the the Check making claims and giving notifications, under 21 Act. Stop Payments on Checks To place stop payments on checks, call ResourceLine You agree to pay a charge for stop payment orders. Please You agree to pay a charge for stop payment orders. for refer to the Fees and Charges section of this booklet information about stop payment fees. days Stop payments on checks are valid for 180 calendar You must from the date that the order is received by UBS. calendar notify UBS Financial Services Inc. prior to the 180 for an day expiration in order to renew the stop payment(s) additional 180 calendar days. Check Image Processing; Copies of Your Checks Financial institutions may use electronic images of paper checks. When you use our check writing features for eligible accounts, you authorize us and the Check Provider to treat a check image created from your original paper check in the same manner as the original paper check. If you deposit a check with us, we, or the financial institutions processing it, may convert it to a check image for collection. If that check image is returned unpaid, we may return a check image to you (or other copy of the check), not your original paper check. You may request a copy of paid checks from us. We may impose a fee to respond to these requests. The original paper check that you write and provide to a payee will not be provided to you after payment, and may be destroyed. UBS American Express . ® reasonably believes to be authorized, and are Check Provider in writing that multiple signatures required. You will have no liability for unauthorized or missing signature(s) on, nor the alteration of, your checks as long as (a) you have exercised reasonable care in safeguarding your checks from risk of loss or theft; (b) you have not reported two or more incidents of unauthorized use within the preceding twelve months; (c) your Account is in good standing; and (d) you notify UBS Financial Services Inc. within sixty (60) days after your statement (upon which the We reserve the right not to pay additional compensation additional not to pay the right We reserve for the federal ineligible you are if we determine to you under the dividends on qualified tax reduction income Tax Law. 2003 may limit industry regulations In certain circumstances, of securities that have to exercise voting rights your ability you may receive pledged to others. Therefore, been lent or for fewer shares indicating voting rights proxy materials not receive any proxy your Account, or you may than are in of your voting rights will determine which materials. We lottery allocation system. You are limited via an impartial lottery allocation system and to agree to participate in the be bound by its results. in connection with margin and You also authorize us, to you in connection with short with securities loans made (including, but not limited sales, to retain certain benefits posted for such loans) to which to, interest on collateral you will not be entitled. Check-Writing check-writing feature on one If you have requested the checks or more of your eligible Accounts, you may write will be or authorize drafts against your Account, which these checks serviced by our Check Provider. You may use your or authorize these drafts only in conjunction with Account’s Account and only up to amounts within your “Withdrawal Limit” in the section titled “Withdrawals” below. Checks that exceed your Account’s Withdrawal you Limit may be returned unpaid. By using your checks, in federal authorize us to reimburse the Check Provider You also funds when your checks or drafts are presented. on or authorize us to debit your Account automatically by the Check after the day the checks or drafts are received Provider. on the You agree to have sufficient assets in your Account the day day you write a check or authorize a draft through draft. You your Account is debited to pay for the check or used in the understand that your Account checks may be same manner and are subject to the normal procedures, rules and regulations as checks drawn on an account maintained with the Check Provider. You authorize the Check Provider to honor checks: 1. Check Provider bearing a drawer signature that the 2. instruct the bearing only one signature unless you You also authorize the Check Provider to honor unsigned drafts presented by third parties that the Check Provider reasonably believes you have authorized and in accordance with the Client Relationship Agreement. You agree to pay a charge for checks returned for insufficient funds or for checks that are paid even though they exceed the Withdrawal Limit. We may charge for excessive check writing (e.g., over 100 checks per month). Please see the “Fees and Charges” section of this booklet for additional information. Please notify UBS Financial Services Inc. immediately if you discover the loss, theft or unauthorized use of your checks, and any unauthorized or missing signatures on or alterations of checks, by calling ResourceLine “Check Provider” is the provider and processor we have appointed to handle payment of your checks and drafts. We reserve the right to change check providers from time to time. UBS Financial Services Inc. and UBS Financial Services Incorporated of Puerto Rico are not and do not represent themselves as banks. Your Account is not a . You may call ResourceLine, our interactive voice response telephone unit 24 hours a day, 7 days a week, at 800-762-1000, Option “0,” in the U.S. Outside the U.S., call ResourceLine collect at 201-352-5257. For details on the “,” visit www.fdic.gov and search for “check 21.”

About Your UBS Account: General Terms and Conditions 6 About Your UBS Account: General Terms and Conditions 7 “Card Issuer” means “Card Issuer” Bank Delaware, Barclays and its successors of or the issuer assigns, appoint in UBS Cards we our sole discretion. “Cardholder Agreement” refers to the “UBS American Express Cardholder Agreement” in this section included booklet. If you have questions about your UBS American Express card(s), call your Financial Advisor. The fees for the different program levels of the UBS Rewards Program are desctibed in the additional disclosures. “MasterCard Issuer” refers to First Data Corporation, the entity we have appointed to issue and administer the UBS MasterCard Program or the issuer of the UBS MasterCard we appoint in our sole discretion. Refer to the “UBS MasterCard Cardholder Agreement” for information concerning unauthorized use of the UBS MasterCard. “UBS Visa Credit Card Issuer” means Barclays Bank Delaware, its successors and assigns, or the issuer of UBS Visa credit cards we appoint in our sole discretion. References to UBS Cards, Card Issuer, Checks and Check Provider apply only if you have requested those services. For more information on“Withdrawal Limit” see the paragraph titled “Withdrawals” below. “Automatic Payments” are transactions initiated by an external financial institution to process a withdrawal from a UBS account into an external account. For additional information on payments to UBS and our processors, see the “Security Interest” section of your Client Relationship Agreement. The CashConnect feature will apply automatically when apply automatically feature will The CashConnect of the terms is subject to Card and a Credit you obtain Service Funds Transfer Electronic Payment and the Bill in the service. even if you do not enroll Agreement, Cash Advances are your Account to pay Transfers from for purposes of to be electronic funds transfers considered Agreement. this Service the CashConnect any questions regarding If you have USA at 1-800-762- call UBS Client Services feature, please 1000. of Cash Advances through Automatic Repayment CashConnect on your Credit Card account will The CashConnect feature Advances obtained from ATMs automatically repay Cash (“CashConnect Cash Advances”) and financial institutions your eligible brokerage account with available funds from not incur periodic rate finance (UBS Account). You will Cash Advances, as long as there charges on CashConnect funds in your UBS Account to repay are sufficient available Advance transaction in full when your CashConnect Cash we first seek payment from your UBS Account. Account If sufficient funds are not available in your UBS in to pay your CashConnect Cash Advances balance in full, the Variable APR on Cash Advances (as listed the Account Summary Table in the UBS Visa Signature as of the credit card Cardholder Agreement) will apply You original transaction date on any remaining balance. on will be charged the Variable APR on Cash Advances until your remaining CashConnect Cash Advance balance may it is repaid in full. Applicable ATM surcharge fees the apply. No other account balances are paid through CashConnect feature. Limitations on Checks and Cards (Cards You agree that checks, Cards and Credit Cards Cards) and Credit Cards together are referred to as UBS cannot issued in connection with your eligible Accounts or be used to purchase securities or any other products and services offered through UBS. You further understand and Check agree that we may request, and the Card Issuer UBS Card Provider may provide us with copies of checks, or other transactions, bill payment and/or other drafts transactions processed from your Account(s). Payments to UBS and Our Processors You authorize us to pay all debts you incur to us, the Card Issuer or the Check Provider in connection with your Account(s) from the Withdrawal Limit in your Account(s). Debts include, but are not limited to, the amounts you owe us for securities purchases, account fees, drafts, fees for federal fund wire transfers, customary transaction and brokerage fees, as well as interest you may owe us as a result of margin calls and/or loans in any of your Accounts. Debts also include any Card transactions, automatic repayment of cash advances through CashConnect, Automatic Payments, Bill Payment Service transaction debits, electronic funds transfers, drafts or check charges, or any other means by which you authorize a third party to debit any of your Accounts. In the case of the Card Issuer or Check Provider, however, debts are limited to the amount of your Withdrawal Limit. This authorization is in addition to any other rights we may have, including the Security Interest granted to us in the Client Relationship Agreement. Deposits As a UBS client, you can make deposits by check, federal funds wire, direct deposit, or the Electronic Funds Transfer ® credit ® ® card (a “Credit Card”) from the issuer (“Visa Signature Credit Card Issuer”), you authorize us to transfer funds to the Visa Signature Credit Card Issuer from your Account to repay any cash advances that the Visa Signature Credit Card Issuer tells us you received through your Credit Card at ATMs or banks (Cash Advances). Transfers will be made each business day to repay Cash Advances obtained on the prior day as well as any outstanding balance remaining from earlier unpaid Cash Advances. Transfers will be made up to your Withdrawal Limit. You authorize the Visa Signature Credit Card Issuer and us to share information regarding Cash Advances in order to facilitate the CashConnect feature. The terms of Cash Advances, and the posting of CashConnect transfers to the Credit Card, are the responsibility of the Visa Signature Credit Card Issuer and not us. Credit Card If you apply for and receive a UBS Visa Signature CashConnect Feature for the UBS Visa Signature If you have requested one or more MasterCard(s) (each, If you have requested one or more MasterCard(s) you a “Card”) with your eligible international Account, Card authorize us and the MasterCard Issuer to process below. transactions on your behalf in the manner described will Use of your Card(s) in connection with your Account set forth in also be governed by the terms and conditions in the UBS MasterCard Cardholder Agreement included terms and this booklet. You agree to comply with these conditions. allow Card You understand that the MasterCard Issuer will within transactions up to the “Withdrawal Limit” described Card are this document and that transactions with your You agree deducted automatically from your Account(s). to make to have sufficient assets available in your Account due payment in full for Card transactions as they become You under the UBS MasterCard Cardholder Agreement. available also understand that if sufficient assets are not may to cover Card transactions, the MasterCard Issuer suspend and/or cancel your Card. dispose By accepting a Card, you agree that you will not of your assets in your eligible international Account that or any other Account you may have with us if your would negatively affect your ability to pay for Card transactions as they become due under the UBS MasterCard Cardholder Agreement. You understand and agree that we have the right to apply assets in any of your Accounts, or to pursue any of your other assets to pay debts incurred on your Card. UBS MasterCard as described below. Use of your Card(s) in connection Card(s) Use of your below. as described and by the terms governed will also be Account with your You Agreement. in the Cardholder contained conditions and conditions. these terms to comply with agree will allow Card that the Card Issuer You understand Limit” described up to the “Withdrawal transactions Card are deducted transactions with your below and that You agree to have from your Account(s). automatically to make assets in your Account sufficient available as they become due full for Card transactions payment in You also understand under the Cardholder Agreement. are not available to cover Card that if sufficient assets may suspend and/or cancel transactions, the Card Issuer your Card. agree that you will not dispose of By accepting a Card, you Account or any other Account your assets in your eligible if that would negatively affect your you may have with us, transactions as they become ability to pay for your Card Agreement. You understand due under the Cardholder the right to apply assets in any of and agree that we have any of your other assets to pay your Accounts, or to pursue Card. debts incurred on your transfer, direct deposit, a UBS check (other than check (other a UBS direct deposit, transfer, client), or a Foreign by you or any other checks written Collection Credit. check drawn check or U.S. government check, traveler’s Reserve Bank. on a Federal or an Authorized Internal Account from Designated Outside Account. in Federal Reserve Board non-local check (as defined Partnership Distribution (LPDI Regulation CC) or Limited security number required). authorized to effect such transactions, including without 2. if by money order, certified (1) business day later One 3. transfer if by electronic funds (1) business day later One 4. days later if by bank check, local and Three (3) business your Account’s Withdrawal In general, we will increase is credited with dividends, Limit when your Account and on settlement date each interest or returns of capital, or otherwise generate an uninvested time you sell securities For accounts with margin, the cash balance in the Account. when your Available Margin Withdrawal Limit is increased of marginable securities held in increases because the value your margin debt to us decreases. the Account increases or either As a general rule, we value securities based on which prices closing prices on the previous business day for day, bids were available, published bids or offers on that or valuation or offers from dealers in securities on that day We may information from other sources we deem reliable. associated adjust the value of securities to reflect the risks with liquidating them. fewer than All funds deposited into an Account open for except 90 days will be encumbered for five business days and 3 above. for the types of deposits described in items 1 Option You may redeem or withdraw, as applicable, Sweep or holdings from your Account by wire, check, telephone funds mail. There may be a fee for each outbound federal applicable, wire transfer. We will redeem or withdraw, as outstanding Sweep Option holdings automatically to satisfy debits or charges. Account Availability of Funds Transferred into Your We reserve the right not to increase your Account’s the Withdrawal Limit to reflect funds transferred into for up to five Account from an Authorized Outside Account completed. (5) business days after the date the transfer is deposit Such funds, however, will be available for the into, or purchase of, Sweep Option vehicles within one (1) business day after the date the transfer is completed. We will increase the Account’s Withdrawal Limit to reflect funds transferred into it from a Designated Internal Account one business day after the date the transfer is completed. Your Liability You agree to indemnify us against any Losses, costs or expenses arising out of your obligations under your Agreement with us. “Losses” includes payments on claims or requests for compensation, damages, and liabilities (including, without limitation, any legal or other expenses reasonably incurred in connection with defending or investigating any action, claim or request for compensation). As a UBS client, you acknowledge and agree that you will be personally liable for any fees or other obligations owed to us. You agree to indemnify UBS, the Card Issuer, the Check Provider, the Sweep Funds and other sweep options as applicable, against any losses arising from: 1. Any and all Account transactions effected by any person Similarly, we increase your Account’s Withdrawal Limit Withdrawal your Account’s we increase Similarly, follows: into it as place funds after you 1.funds wire federal day if by cash, business The same UBS AG ABA #026007993 UBS Financial Services Inc. A/C #101-WA-258641-000 F/C UBS-FINSVC [Title of account] A/C UBS-FINSVC [UBS account number] other Sweep Option purchases), uncollected reflecting such a purchase is applied to the Account. Service. Direct deposits are transactions initiated by an initiated by are transactions Direct deposits Service. a deposit into process a institution to financial external deposit Checks for account. an external from UBS account to, or be payable be made Account should to your endorsed to: Services Inc., or UBS Financial of [Your Name] Services Inc. for the benefit UBS Financial of Account]. and/or [Title to your UBS tickets may be delivered Check deposit address on your deposit tickets if office or mailed to the your Account. they were provided with item (as defined in the Uniform If we take a check or other currency for deposit or Commercial Code) in foreign all currency exchange rate risk. collection, you will bear into your account, instruct your To deposit federal funds to: bank to wire the funds number The wire must include your name and Account Account by as indicated above. If we receive funds in the be swept noon, Eastern time, on a business day, they will that into the Sweep Option on that business day provided or more. the cumulative balance in your Account is $1.00 be swept Federal funds received after that deadline will on the next into the Sweep Option at noon, Eastern time, Account is business day if the cumulative balance in your $1.00 or more. not be However, funds credited to your Account will Account’s swept into the Sweep Option or increase your your Withdrawal Limit until all debits and charges to Account are satisfied. Withdrawals of funds Your Account’s Withdrawal Limit is the amount Card available for securities purchases, check writing, Transfers, transactions, Bill Payments and Electronic Funds day. and Automatic Payment transactions on any particular balances in It is the combined total of any uninvested cash and, your Account, plus balances held in Sweep Options if you have margin, the margin loan value of securities available in the Account (Available Margin). If, however, you use the Account as collateral for a liability, we will reduce your Withdrawal Limit by the amount we determine necessary to secure that liability. For example, if your Account is subject to a Credit Line Guarantee Agreement, or if you use it to repay an obligation or other amount you owe us, your Withdrawal Limit will be reduced by the amount that we determine necessary to secure such liability. We reduce the Withdrawal Limit each time you generate a debit or charge in the Account, for example, when: • You purchase a security (excluding money market and • A check or draft drawn on the Account is paid • An item deposited to the Account is returned • A credit to the Account is reversed • A fee is paid to us or to a third party • A bill payment or electronic funds transfer is made • An automatic payment is withdrawn from the Account • A Card ATM transaction is made or • A Card purchase is debited, or a provisional debit To order deposit tickets, To order Service Group call the use or at 800-762-1000 your form in the reorder If you deposit booklet. Services, enroll in Online them you can order “Cash online. Select then Management” “Checking Services.” deposit A returned check fee applies when a check deposited to your account is returned for insufficient funds. Business days are Monday through Friday. Bank holidays in the State of New York and New York Stock Exchange holidays are not business days. “Debits” are amounts due to us on settlement date for securities purchases and other debits and fees from the Account, including, without limitation, margin loans and fees. “Charges” are amounts due us or the Check Provider or Card Issuer for checks, bill payments and electronic funds transfers, Card transactions and Automatic Payments. “Designated Internal Account” and “Authorized Outside Account” are defined in the Bill Payment and Electronic Funds Transfer Service Agreement. Please refer to the UBS Deposit Account Sweep Program Disclosure Statement and the UBS International Deposit Account Sweep Program Disclosure in this booklet for information about the Sweep Options. “Sweep Option” refers to UBS Bank USA Deposit Account Sweep Program, the Sweep Funds, UBS International Deposit Account Sweep Program, the Puerto Rico Short Term Investment Fund or other applicable sweep investment options as we may make available from time to time for eligible accounts.

About Your UBS Account: General Terms and Conditions 8 About Your UBS Account: General Terms and Conditions 9 A “short” sale is the sale of a security that you do not own or a sale consummated by delivery of a security you borrow. If you designate a sale order as “long,” you represent that you own the security, and if we do not hold it for you at the time of the contract for sale, you agree to deliver it to us by the settlement date. “Sweep Funds” refers “Sweep or more of the to one market RMA money the described in funds as respective prospectuses Funds, for the UBS RMA or UBS UBS Cashfund Retirement . See the “Withdrawals” section in this document for more information. As your Available Margin will fluctuate with securities fluctuate with Margin will Available As your will also fluctuate. Limit Withdrawal your Account’s prices, will be subject an Account extended in loans Any margin rate that we charge charges at the same to interest rate in the value of as a result of decreases for margin loans incur the cost of margin securities. You will not marginable and Sweep Option uninvested cash balances loans until all fully used. holdings are Transferring Funds Electronically to accept or transfer funds When you give UBS instructions your Account to any bank or other electronically to or from us with an accurate name and entity, you agree to provide the account to receive such account number designating funds are to be sent. funds or from which such neither we nor the bank or other You acknowledge that entity is under any obligation to receiving or transmitting beneficiary of the funds transfer verify the identity of the on the name or account number and may rely exclusively to indemnify and hold us harmless you provide. You agree all cost, expense, claims or from and against any and account liabilities arising from any inaccurate name or number you may have provided. nor the When we accept or transfer funds, neither we is under bank or other receiving or transmitting entity and any obligation to determine whether the name or entity. number you provided refer to the same person the Any transfer we make for your Accounts through by (ACH) system is governed Service the Bill Payment and Electronic Funds Transfer Agreement in this booklet. and Orders, Executions, Deliveries, Settlements Authorizations authorized You agree that we may act upon your or your agent’s verbal instructions. sales In giving orders to sell, you will inform us which In case of are “short” sales and which are “long” sales. purchase non-delivery of a security, you authorize us to any loss, the security to cover your position and charge that commissions and fees to your Account. You agree have if we do not receive payment for securities you of your purchased, we may sell Property we hold in any demand Accounts at your risk and expense without prior or notice. You understand that we may trade securities in more than one marketplace. You may direct that an order to purchase or sell securities be executed on a specified exchange or market center and we may agree to your request. In all other cases, you understand that we will, in our sole discretion, and subject to applicable regulatory requirements, execute your order on the over-the-counter market in any location or on any exchange, including a foreign exchange where such security is traded, either on a principal or agency basis, without prior notice to you. You authorize us to execute trades through an electronic communication network, alternative trading system, or similar execution system or trading venue at our discretion. You acknowledge that UBS may have an ownership interest in one or more of such systems or venues, and you specifically authorize us to execute trades through any such system or venue. Principal Transactions; Client/Firm Relationship You understand that UBS or its affiliates may execute securities transactions in your Account acting as principal. Likewise, we may expressly direct our clearing affiliates to in the Account pending investment; liquidation of your Sweep Option holdings, if any; and to the extent of any unpaid fees, as more fully described in the Fees and Charges section of this booklet. limitation the redemption of any shares of Sweep any shares of the redemption limitation money any other options and other sweep Funds, and shares, deposits similar fund fund and market USA Deposit UBS Bank from the of funds withdrawals privileges (including of the check writing Accounts, use parties), security presented by third unsigned drafts Bill Payment and UBS Card transactions, transactions, and Transfer Service transactions, Electronic Funds in your Account(s). obligations Order of Permitted Payments We will deduct any Permitted Payments from your Account within your Account’s Withdrawal Limit in the following order: i. From uninvested free credit cash balances, if any, held ii. From the withdrawal, or proceeds of a redemption or iii. From Available Margin in the Account, if it has margin; iv. From the proceeds of the sale of mutual fund holdings, Payment of Obligations incur from You authorize us to pay for all obligations you you owe your Account. Obligations include the amounts UBS for securities purchases, checks, fees, obligations for federal fund wires, offsets, customary transactional owe us and brokerage fees, as well as interest you may as a result of margin loans or otherwise. Obligations also include any UBS Card transactions, Automatic Repayment of cash advances through CashConnect, Automatic Payments, bill payments and electronic funds transfers or check charges and any other means by which you authorize us or a third party to debit your account. The obligations discussed here are collectively referred to as “Permitted Payments.” 2. other fees, tax withholding or Any debits, charges, the payment of any amounts You will also be liable for or other obligations in advanced, any debit balances as for any deficiency remaining your Account(s), as well event of liquidation by you in your Account(s) in the acknowledge that you are or us. Additionally, you interest on those amounts at responsible for the accrued if applicable, or otherwise the our then customary rate, by law. You agree to indemnify maximum rate allowable and expenses of collection us for the reasonable costs for any unpaid losses, fees or (including attorney’s fees), us or against which you have other amounts you owe indemnified us. defend and hold us harmless You agree to indemnify, by from all losses arising out of claims made or asserted relating any person or entity (other than you) in any way employees to your Account(s). UBS, our officers, directors, for and agents shall not be liable to you for any reason with consequential damages arising out of your Agreement us and/or any services we provide to you. withholding If it is determined that you owe either backup the Internal tax or non-resident alien withholding tax under Tax) for either Revenue Code (collectively, U.S. Withholding such a current or prior year, we retain the right to satisfy U.S. Withholding Tax from the funds in your Accounts. You agree not to hold us liable for either the amount withholding withdrawn from your Accounts to satisfy your legal tax liability or for any claim, action or any other third proceeding that may be brought against you by parties if the exercise of our right results in insufficient to such funds in your Account to cover your obligations third parties. Accounts that share the same name, address and Social Accounts that share the same name, address Security or Tax ID Number are automatically placed in the same statement household. Accounts that share only the same address will be placed in the same statement household with the express consent of all the Account holders. The primary Social Security or Tax ID Number on an Account in the first statement household matches the primary Social Security or Tax ID Number on an Account in the second statement household. Or, the primary Social Security or Tax ID Number on an Account in one statement household matches a secondary Social Security or Tax ID Number in the second statement household, and each Account in both statement households share the same nine-digit ZIP code. to be loaned, the shares may be used in connection with connection be used in shares may loaned, the to be loaned will not be securities fully paid-for sales. Your short with your Please speak consent. your express without your fully want to allow if you do not Advisor Financial with short to be used in connection paid-for securities sales. on Trading Restrictions our sole discretion, that we may, in You understand notice, prohibit or restrict with or without prior or substitution of securities trading of securities refuse to enter into any in your Account and or accept any instructions transactions with you to compliance with from you. We are committed and regulations, including all applicable laws, rules money laundering. In those related to combating decline to effect transfers of our discretion, we may or countries. Property to certain persons Exchange Rate Fluctuations Transfer of Excess Funds; funds between any of your We may transfer excess (if any), Accounts with us, including commodity Accounts Commodity for any reason that does not conflict with the effect any Exchange Act or any other applicable law. If we any transactions for you that require a foreign currency, applicable profit or loss as a result of a fluctuation in the Account. exchange rate will be credited or charged to your Account Statements and Other Communications at least We will provide you with an Account statement quarterly that describes the activity in your Account, such including any applicable cash management features payments as UBS Rewards point activity, checking activity, a summary and transfers and Card transactions, as well as statement of your Credit Card activity from your credit card for informational purposes only. Statement Householding Rules and Marketing Relationship Assets we may For Accounts in the same “statement household” address in send some or all periodic statements to the same for a single envelope. We determine the eligible accounts or common statement householding by common address Taxpayer Identification Numbers as follows: • • We may group related Accounts into Marketing Relationships. The level of assets in a Marketing Relationship can affect, for example, annual service fees, interest rate tiering under the UBS Deposit Account Sweep Program and mutual fund breakpoints. We define a Marketing Relationship initially by combining the assets held in a statement household. In addition, accounts in one statement household can be combined in a Marketing Relationship with accounts in a second statement household if: • • “fiduciary” as such term is defined in Section 3(21) of as such term is defined “fiduciary” Internal Revenue 4975(e)(3) of the ERISA or Section adviser” as such term act as an “investment Code, or to Advisers Act Section 1.1 of the Investment is defined in of 1940, and; in your Account. regarding investments enter into a principal transaction when we would ordinarily when we transaction into a principal enter agreed otherwise Unless as principal. a transaction execute agree that: you to in writing, • to act as a no authority or responsibility We have • decisions make your own independent You will Sub-Brokers and Custodians for reasonable care in the selection We are responsible only sub-custodians we may employ. We of the sub-brokers and or members of any exchange may deal with market makers odd-lot dealers. In the execution of known as specialists or as sub-brokers for you and may your orders, they may act for themselves as dealers for their also buy or sell Property own account. as a Securities Intermediary in We may also hold securities custom and practice and employ accordance with industry Securities one or more Securities Intermediaries, including respect to Intermediaries outside the United States, with any Property we hold for you. Principal, Interest and Dividend Payments interest UBS may credit your Account with principal and and will due on debt instruments on the payment dates you if they be entitled to recover any such payments from agent. are not actually received from the trustee or paying to you on You acknowledge that interest will not be paid agree credit balances in your Account unless we specifically interest or to do so in writing. We are not required to remit dividends to you on a daily basis. Impartial Lottery Allocation System; Call Features redemption Debt securities may be subject to call or other in whole features. This means that they may be redeemed, or in part, before maturity or before the first scheduled stocks call dates. We may hold callable bonds or preferred form. In on your behalf in our street name, or in bearer lottery either case, you agree to participate in the impartial with allocation system of the called securities in accordance Exchange the provisions and rules of the New York Stock and to be bound by those results. When the call is favorable, no allocation will be made to any account in which UBS, its officers, or employees have a beneficial interest until all of your other positions in those securities are satisfied on an impartial lottery basis. You understand that we may not receive timely notice of calls and may be required to allocate called securities on an “as of” basis. Redemption features, in addition to those disclosed on the trade confirmation, may exist for certain debt securities. The existence of special mandatory redemption features, such as sinking funds provisions, may not be disclosed on a trade confirmation. It is your obligation to review all prospectuses and offering statements you may receive, and to understand the risks of extraordinary calls or early redemptions, which may affect yield. Issuers may, from time to time, publish notices of offers to redeem debt securities within limited time, price and tender parameters. You agree that we are not obligated to notify you of such published calls, nor will we tender any securities on your behalf when you have failed to request the tender in a timely manner. Securities Lending Notices If you participate in our fully paid securities lending program and agree to allow your fully paid-for securities For more information about householding rules, contact your Financial Advisor. Please note, if you hold Accounts in our UBS International division, the assets in these accounts are excluded from the eligible assets in a Marketing Relationship and cannot be combined with Accounts you may have at UBS Financial Services Inc. or UBS Financial Services Incorporated of Puerto Rico. Not all assets qualify as Marketing Relationship assets (for example restricted stock is ineligible). For more information, contact your Financial Advisor. A “Securities Intermediary” refers to a clearing corporation, or a person, including a bank or broker that in the ordinary course of business maintains securities accounts for others and is acting in that capacity, as such terms are interpreted under section 8-102(a) (14) of the Uniform Commercial Code, as in effect in the State of New York from time to time. Please refer to Please Business “Conducting Understanding with UBS: Between the Differences and Investment Advisory Services” Broker-Dealer for more information about our responsibilities and as as a broker-dealer advisor. If an investment call you have questions, Advisor. your Financial

About Your UBS Account: General Terms and Conditions 10 About Your UBS Account: General Terms and Conditions 11 If you find errors, omissions or inconsistencies, please notify your Financial Advisor immediately. Formal notification should be made in writing to the Branch Manager of the office that maintains your account. Errors, omissions or inconsistencies regarding UBS Card transactions should be directed to the Card Issuer. If you have questions about the tax consequences of any of your holdings, please consult your tax advisor. UBS does not provide legal or tax advice. For the purposes of the section “Introduced accounts,” the term “UBS” refers to UBS Financial Services Inc. This section applies only to accounts opened with UBS Financial Services of Puerto Rico. Carefully review all your Carefully review and account statements transaction confirmations as soon as you receive them to ensure they are accurate and consistent with your instructions and investment objectives. other Property, on margin or otherwise in your Account, and concerning the Account. 2. Any other instructions from the introducing broker In no event shall UBS be liable for any acts or omissions of any introducing broker or its agents, contractors or employees. Clearing Relationship for Puerto Rico Residents If you are opening your securities account with UBS Financial Services Incorporated of Puerto Rico (UBS Puerto Rico), you acknowledge that UBS Puerto Rico has a clearing agreement with UBS Financial Services Inc. (UBS Financial Services). UBS Puerto Rico is a wholly owned subsidiary of UBS Financial Services. those executions. You agree that we may use such average use such that we may You agree executions. those to you. We we issue confirmations on the price trades price is used. if an average on the confirmation will note of and market execution of each prices, quantities Actual request. be provided upon written execution will Information Cost Basis cost basis we may obtain In some circumstances, from your prior regarding your investments information not independently verify or brokerage firm. We do of any cost basis information guarantee the accuracy sources. If you decide to transfer obtained from outside brokerage firm, we may, for assets from UBS to another by law to provide your cost certain securities, be required Cost basis and realized gain/ basis information to them. on your Account statement loss information is displayed and may be adjusted. As such, solely as a service to you, this information for tax preparation you should not rely on your year-end tax forms and order purposes. Rely only on prepare your tax return. confirmations when you other Issuer Communications Proxy Materials and Individual Except for Advisory accounts, ERISA Plans and to Retirement Accounts, if we forward proxy materials you you but do not receive voting instructions from our within the designated time frame, we will exercise instructions discretionary vote in proportion to the voting permitted we have received from our retail clients, where We may in by the rules of the New York Stock Exchange. vote on some circumstances withhold our discretionary an issuer uninstructed shares, however, upon request from or other party in order to reach a quorum. non-U.S. If your Account contains securities issued by a are acting issuer, you acknowledge that, to the extent we you or solely as custodian of those securities, unless either us, we are the issuer have made other arrangements with to you. not obligated to distribute issuer communications Introduced Accounts Services If your Account was introduced to UBS Financial it only as Inc. by another broker-dealer and UBS carries a clearing broker, you agree that UBS is not responsible that UBS’s for the conduct of the introducing broker and clearing only responsibilities to you relate to its execution, and to and bookkeeping of transactions in your Account, it agrees in any other services and responsibilities to which writing. During the period that UBS acts as a clearing broker for an introducing broker-dealer, UBS’s rights and benefits shall extend to the introducing broker-dealer. UBS is authorized to accept the following instructions, without further inquiry or investigation, from the introducing broker: 1. Orders for the purchase or sale of such securities and Use of Average Prices You acknowledge that the price of any security shown on a confirmation for a trade that was executed on more than one exchange, or in more than one market, or had multiple executions, may be the average price of the security for Accuracy of Communications including You agree to review all communications carefully, soon order confirmations and account statements as and as you receive them to ensure they are accurate objectives. consistent with your instructions and investment an You must notify us in writing if you do not receive date of a order confirmation within ten (10) days of the are transaction. If your statements or other documents you not received in a timely manner or are inaccurate, your UBS agree to notify the Branch Office Manager of Notification Branch Office in writing within ten (10) days. should of errors or omissions regarding Card transactions be directed to the Card Issuer as outlined in Cardholder Agreement. and Unless indicated otherwise in this Agreements Disclosures booklet, order confirmations and account accordance statements will be considered accurate and in if you do with your instructions and investment objectives ten (10) not notify us of your objection to them within responsible days after we mail them to you. We cannot be for any transaction that is not reflected on your account statement unless you object in writing to your UBS Branch Office Manager. You acknowledge that we rely on you to notify us of your objection to the confirmations of your transactions or entries on your statements, and if you do not, that we are not responsible for losses that could have been avoided if you had given us the prompt notice described above. In addition, if you are mistakenly credited with funds or securities, you must return them as soon as you discover the error or when we request them. You acknowledge and agree that we may, from time to time, monitor and/or electronically record conversations between you and our employees or agents for the purpose of quality assurance, employee training and our mutual protection. We may use any such recordings as evidence in arbitration or other proceeding. Written Notice to you at your address We will send all communications address that you give to us in of record, or at another at an e-mail address that you writing, or, if you request, law may require, we consider provide. Except as applicable send to you as having been given all communications we sent, whether you actually receive to you personally when them. when you send us written If your signature is undated it as signed instructions or other documents, we will treat whether on the date that we receive it. Our date stamp, the electronically or manually recorded, will be considered signature date. In certain circumstances, additional criteria may be applied may be criteria additional circumstances, In certain your includes which Relationship the Marketing to expand We reserve household. a statement or to define Accounts to exceptions to grant discretion, in our sole the right, policies. and Marketing Relationships our householding cannot be combined different Accounts that If you have Relationship for household or Marketing into a statement the household if you would like to determine any reason, your Accounts, or if Relationship status of or Marketing your household or to add Accounts to you would like your Financial please contact Marketing Relationship, Advisor. persons who do not have a legitimate need to know, persons who do not have a legitimate need to and law. otherwise remain in compliance with applicable Futures Trading Commission, and the Board of Governors and the Board Trading Commission, Futures governmental and other System, Federal Reserve of the organizations. and self-regulatory authorities to examination by that we are subject You acknowledge and self-regulatory and State regulators various Federal records we maintain and that the books and organizations by these regulators to inspection and subpoena are subject enforcement officials. State, and local law and by Federal, officials that these regulators, You also acknowledge to treaty or other Courts may, pursuant and the U.S. such information to the officials arrangements, disclose You agree that we may or regulators of other countries. your transactions and your disclose information about and officials without notice Account(s) to such regulators may, in the context of a private to you. In addition, we subpoena or other judicial process dispute, be required by or produce documentation about to disclose information with us. You acknowledge and you and your Account(s) sole discretion, respond to agree that we will, in our process as we deem appropriate. subpoenas and judicial will maintain custody of UBS Financial Services Inc. based on your instructions securities and funds received with the requirements for your Account in accordance or of applicable law, and we will exercise ordinary reasonable care with respect to our custody obligations. funds We will be responsible for holding and safekeeping to the and securities only from the time they come in Inc. possession and control of UBS Financial Services Non- Non-Disclosure of Confidential and Material, public Information To UBS provides a variety of services to its customers. into provide these services, our employees may come possession of confidential and material, non-public are information. Under applicable law, UBS employees such prohibited from improperly disclosing or using benefit of information for their personal benefit or for the person is any other person, regardless of whether the other policies a UBS customer. We maintain and enforce written and procedures that: i. Prohibit the communication of such information to ii. meet our obligations to our customers and Enable us to are necessary You agree that these policies and procedures and appropriate, and you recognize that, in certain of circumstances, our employees will have knowledge certain confidential and material, non-public information which, if disclosed, might affect your decision to buy, sell or hold a security, and that they are prohibited from communicating such information to you. You also understand and agree that we have no responsibility or liability to you for failing to disclose such information to you as a result of following our policies and procedures designed to provide reasonable assurances that we are complying with the law. UBS Securities In your Account, you may purchase or hold securities issued by UBS AG, the parent company of UBS Financial Services Inc., or by another UBS Entity. UBS Financial Services Inc. has a control relationship (we are either controlled or under common control) with the issuer of such securities. Foreign Securities Foreign securities may be subject to withholding tax in certain foreign countries. The rate at which you are taxed may vary depending on your country of residence. We will debit your Account(s) for any foreign tax withholding Financial Services’s right to reject or terminate your Financial Services’s right account). account. you, and providing UBS or securities received from information necessary to enable Financial Services with deliver funds and securities with it to receive, hold, and respect to your account. your account. Financial Services’s business. Financial Services’s credit requirements. and records of all transactions executed or cleared through UBS Financial Services. and account, including receiving and delivering funds securities. account. applicable statements and, to the extent required by the to you laws, rules and regulations, transmitting them and UBS Puerto Rico in a timely manner. to you, your orders and your account. brokerage account and having reasonable grounds for believing that any recommended transaction relating to your brokerage account is suitable for you based on the facts you disclosed, including your other security holdings and financial situation and needs. The clearing agreement between UBS Puerto Rico and UBS Puerto between agreement The clearing with certain responsibilities allocates Services UBS Financial UBS Puerto to either exclusively to your account respect responsibilities and other Services, UBS Financial Rico or UBS Financial Services. UBS Puerto Rico and jointly to both requires that the New York Stock Exchange Rule 382 of responsibilities. The of the allocation of we inform you allocated a description of the responsibilities following is agreement. under the clearing of UBS Puerto Rico Responsibilities UBS Financial Services, is UBS Puerto Rico, and not responsible for the following: • your account (subject to UBS Opening and approving • by UBS Puerto Rico for your Accepting orders received • with UBS Financial Services funds Promptly depositing Responsibilities of UBS Financial Services is UBS Financial Services, and not UBS Puerto Rico, responsible for the following: • Verifying the validity of your account information. • Accepting orders received by UBS Financial Services for • Executing your transactions in the normal course of UBS • Extending credit to you in accordance with UBS • Maintaining stock records and other prescribed books • Performing various cashiering functions for your • Maintaining custody of funds and securities in your • Preparing confirmations and summary periodic Joint Responsibilities of UBS Puerto Rico and UBS Financial Services jointly UBS Puerto Rico and UBS Financial Services are responsible for the following: • Ongoing monitoring of your account activity. • Using due diligence to learn the essential facts relative • Providing you investment advice relating to your Please direct any questions you may have about the functions allocated between UBS Puerto Rico and UBS Financial Services or any other correspondence to either your Financial Advisor or the UBS Puerto Rico Service Desk at (787) 250-2026. Rules and Regulations All transactions in your Account(s) are subject to the constitution, rules, regulations, custom and usage of the exchange or market and the clearing agency, if any, on which such transactions are executed. These transactions may also be subject to provisions, rules and regulations of the Securities and Exchange Commission, the Commodity

About Your UBS Account: General Terms and Conditions 12 About Your UBS Account: General Terms and Conditions 13 Client Complaints Client Financial Services the UBS contact have a complaint, If you or toll- 352-1699 at (201) Department Relations Inc. Client to 5:00 p.m. Eastern 354-9103, 8:00 a.m. free at (800) you can write to UBS through Friday. Or, time, Monday Department, P.O. Inc. Client Relations Financial Services City, NJ 07087. Box 766, Union and Assigns Successors you and us shall be binding upon The Agreement between agents, personal representatives, you and your authorized administrators, committee and/ heirs, estate, executors, and assigns, and shall extend or conservators, successors its successors and assigns. You to the benefit of UBS and any of your rights or obligations may not assign or transfer our prior written consent. under the Agreement without the Agreement or any of our UBS may, however, assign the Agreement. In the event of rights and powers under shall have the same rights and an assignment, the assignee named in the Agreement. From the remedies as if originally we will have no further liability to date of any assignment, the Agreement. you under the terms of Waiver Not Implied with Our failure to insist, at any time, on strict compliance terms any clause of the Agreement or with any of these a and conditions shall not constitute or be considered waiver by us of any of our rights or your obligations. of an Death of an Account Holder or Dissolution Entity This Agreement shall survive the death, disability, Any incompetence or dissolution of any Account Holder. your order that you give will be binding upon you and until we personal representative or authorized agent(s) dissolution receive notice of your death (for individuals), or to take (for entities). This notice will not affect our right You any action that we could have taken otherwise. in the understand that we must be notified immediately that we event of the death of an Account Holder, and death, take may, before or after receiving notification of a UBS against whatever actions we deem advisable to protect we may tax, liability, penalty or other losses. For example, certain require the survivors, heirs or the estate to provide tax waivers legal documents, such as inheritance or estate a portion or federal transfer certificates. We may also retain of your Account(s) and/or restrict transactions in your Account(s). Your estate and Account(s) will be jointly liable for all costs, including reasonable attorney’s fees and costs, we and/or the Card Issuer and the Check Provider may incur in connection with the disposition of your Account(s) and related assets and liabilities in this event. Unclaimed Property If we are unable to locate you and no activity occurs in your Account within the time period specified by State law, we may be required to turn over Property in your Account to your last known State of residence, or if none, to the State of Delaware. Termination of Account You understand that you or UBS may terminate any Account, account feature or service at any time for any reason. If either of us terminates an Account, you must promptly return any unused checks and Card(s) to us. UBS Research Two sources of UBS proprietary research are available through UBS Financial Services Inc. Reports from the first source, UBS Wealth Management Research, are designed primarily for use by individual investors and are produced by UBS Wealth Management Americas (the UBS business group that includes, among others, UBS Financial Services Inc.) and UBS Wealth Management & Swiss Bank. The second source is UBS Investment Research, and its reports are produced by UBS Investment Bank, whose primary business focus is institutional investors. The two sources may have different opinions and recommendations. The various research content provided does not take into account the unique investment objectives, financial situation or particular needs of any specific individual investor. Investment Policy Statements investment We are not responsible for ensuring that your with policy statement and asset allocation choices comply that all specific legal, actuarial or other requirements you. apply to you. That responsibility rests solely with We recommend that you consult with your legal and tax advisors regarding these matters. Insurance and Annuities We provide your name to any insurance or annuity to provider that issues any insurance or annuity products you. As a result, you will receive information regarding and those products directly from the insurer. For insurance annuity products, we send account record information record and periodic updates, and request updated account information from your insurance company. that is charged in connection with assets or transactions with assets connection charged in that is from foreign not seek relief We will Account(s). for your a reduced or to obtain the source at tax withholding be you may even though withholding, foreign tax rate of the law of the relevant applicable treaties or eligible under to determine whether is your sole obligation countries. It rates, to claim for reduced tax withholding you are eligible on your tax returns and withholding tax credits for foreign reclaim taxes from the file applications to to prepare and authority. foreign taxing UBS will execute or sell foreign securities, When you buy or from U.S. dollars where a currency conversion to the transaction. If your Account necessary to complete currency other than U.S. dollars receives payments in a or redemption of an instrument (such as from the maturity or interest), UBS will convert or payment of dividends at the available spot market your funds into U.S. dollars possible, if you give sufficient prior conversion rate. Where days before the maturity notice (at least two business remit your non-U.S. dollar or payable date), we will delivery instructions rather than funds pursuant to your UBS Financial Services and/or converting to US dollars. fee for executing the currency its affiliates will retain a conversion transaction. your Even though you may instruct us not to share of securities beneficial ownership information with issuers for proxy voting and other shareholder communications, or funds if you buy, sell or hold certain foreign securities information administered by foreign entities, we may share foreign about you with the issuers of the securities or reduced government authorities and their agents to obtain or to tax withholding rates, to comply with local law respond to other lawful requests. and Provider. for the tax consequences of liquidating assets and/or liquidating assets of tax consequences for the to you. them distributing that any amounts withhold that we may agree You further to pay: are necessary believe we reasonably i.withholding obligations state or local tax any federal, ii. the Check us, the Card Issuer, any outstanding debts to first to pay the tax the withheld amounts We will apply and third to pay the second to pay ourselves, obligations, Provider, if applicable. Card Issuer and the Check and the amount in the If your Account is terminated to pay any tax withholding Sweep Option is insufficient us to make such tax withholding obligations, you authorize your other Accounts in our sole payments out of any of is not implemented, you discretion. If such withholding Relationship Agreement agree that signing the Client out of tax withholding to the constitutes an election by law. maximum extent permitted and do not provide transfer If you close your Account a check for the Account balance instructions or request time, you authorize us to from us within a reasonable balance up make a charitable contribution of any Account to $5.00 without prior notice to you. contracts; Account; delivering physical certificates or issuing a check to you, in your name directly on the having securities registered transfer agent or issuer; books of the applicable and expense, including joint accounts. Failure to do so may result in a delay in complying with a delay in complying result in to do so may Failure in your the assets of as to the disposition your instructions and charges for debits responsible You remain Account. was after the Account before or they arose whether Card Issuer and the You agree to pay us, the terminated. amounts. You promptly for all outstanding Check Provider transfer instructions for provide us with agree to promptly in your Account. all of the Property reopen the Account your Account, you may If you close signing a new (30) days of closing without within thirty that you continue to be Agreement. You acknowledge terms and conditions in effect bound by the all of the Account. when you reopen your authorize us to take any of the Upon termination, you following actions: • and close any outstanding Cancel any open orders • may be held short in your Buy any Property that • in your Account to you, whether by Distribute the assets • Sell the Property in any of your Accounts, at your risk sell any of We cannot be held responsible for losses if we would your Property, even if liquidation and/or distribution responsible cause taxable consequences to you, nor are we

About Your UBS Account: General Terms and Conditions 14 Fees and Charges About Your UBS Account: Fees and Charges

Throughout the “Fees As a UBS client, it’s important that you understand the in the same Marketing Relationship as a billable account and Charges” section, fees and charges associated with your account and activity. described above. “UBS” refers to UBS If, at any time, you have a question about a fee or Financial Services charge in connection with your relationship with us, If you meet either of these criteria, we also waive the Inc., its successor please speak with your Financial Advisor or go to annual service fee for your first billable RMA, IRA-RMA or firms, subsidiaries, www.ubs.com/aboutourfees. BSA for Sole Proprietorships: correspondents and/ • Your eligible Marketing Relationship assets are or affiliates, including We will charge you the applicable annual service fee $1,000,000 or more at the end of any month in UBS Financial Services described below for your Accounts. The annual service fee the calendar year, up until the last business day in Incorporated of Puerto Rico, which clears and any other fees are subject to change at any time, and November. We calculate the value of your eligible through UBS Financial we may introduce new fees and charges or modify others Marketing Relationship assets at each calendar month- Services Inc. for additional features beyond the annual service fee. You end. authorize us to charge the annual service fee and all other • One or more accounts in your eligible Marketing “Direct Deposits” are fees you owe to your Account. The annual service fee Relationship has active and recurring Direct Deposits. transactions initiated applies whether you use any cash management services in (This means that you have Direct Deposits totaling at by an external financial your Account(s) or not. least $1,000 per month for the two month-period prior institution to process to the annual billing date). a deposit to a UBS Account from an external account. Billing of annual service fees If your Marketing Relationship does not include a billable RMA, IRA-RMA or BSA for Sole Proprietorships, each of Our process for You will pay an annual service fee for your first your IRAs is subject to annual fees determining the eligible billable Resource Management Account (RMA), IRA assets in a “Marketing RMA or Business Services Account BSA (BSA) for Sole We do not automatically waive the annual service fees for Relationship” is described Proprietorships. BSAs, other than Sole Proprietorships, even if they reside in the General Terms within the same Marketing Relationship as the billable and Conditions in this booklet. RMA, IRA-RMA or BSA for Sole Proprietorships. Automatic annual service fee waivers

We will automatically waive the annual service fees for any RMA, IRA-RMA, BSA for Sole Proprietorships, and IRA

Following are examples of annual fees for two Marketing Relationships at UBS.

Scenario 1 Scenario 2 We generally determine • Total asset in the Marketing Relationship: $500,000 • Total asset in the Marketing Relationship: $500,000 the billable RMA, IRA- • Married couple with a Joint RMA • Married couple, both of whom have an IRA RMA or BSA for Sole • One spouse has an individual RMA • The couple has a Coverdell Education Savings Account Proprietorships in a • Each individual has an IRA for their child Marketing Relationship • One spouse operates a Limited Liability Corporation • One spouse operates a Limited Liability Corporation in the following order: (LLC) (LLC) 1. RMA Joint Account Account Type Fee Account Type Fee 2. RMA Individual Account, Joint Resource Management Account (RMA) $150 Business Services Account BSA for LLC $150 3. RMA Trust Account, 4. RMA Guardian Individual RMA N/C First Individual Retirement Account (IRA) $75 Account, 5. RMA Custodial First Individual Retirement Account (IRA) N/C Additional IRA $75 Account, Additional IRA N/C Coverdell Education Services Account $75 6. Business Services Account BSA (Sole Business Services Account BSA for LLC $150 Proprietorships only), 7. IRA-RMA Total annual account fee $300 Total annual account fees $375 If you use any of these accounts as collateral for Annual Fee Billing for Other Types of Accounts each account that is being billed and will be reflected on a loan by UBS Bank USA, your December statement. If you do not have uninvested we will consider it last in priority. Among common For all other types of accounts, such as International free credit balances, Sweep Option holdings or Available account and ownership Resource Management Account (IRMA), BSA (except for Margin, we treat the unpaid fees as a debit balance in types, the billable Sole Proprietorships) and Basic Investment Accounts, we your Account. If this debit balance for unpaid fees is not account is the one with charge an annual service fee for each Account, regardless satisfied, you understand and agree that, on the second the earliest account of the frequency of your account activity, the other Monday of March each year, UBS will sell a sufficient opening date. accounts in your Marketing Relationship or the level of number of shares of your account’s open-end regulated assets you hold. Please refer to the list of annual service investment company assets (“mutual funds”) to satisfy the “NAV” means the net fees for each account type below. debit balance, as described below: asset value of a mutual fund. • First we will sell shares from your largest position (by value based on the previous day’s NAV) that were Timing of the annual account fee billing subject to a front-end load or sales charge, continuing with successively smaller positions as necessary. We bill your annual service fees and maintenance fees, • Next, we will sell your largest position that could be if applicable, on the fourth business day in December subject to a back-end load, continuing with successively of each year. The fees are automatically deducted from smaller positions as necessary.

15 About Your UBS Account: Fees and Charges For more information • Finally, we will sell your largest position in no-load below. You also agree that such compensation, together about our fees and other funds, continuing with successively smaller positions as with all other fees and charges, is reasonable. Once cash sources of revenue, please speak with your necessary. balances are credited to your Account(s), they are generally Financial Advisor or invested in the applicable sweep option on the next go to www.ubs.com/ We effect required transactions in a single day up to our business day. aboutourfees. systematic limits. If all required transactions cannot be completed in a single day, we will process transactions If you instruct us to transfer your Account or all the for all retirement accounts first, in the alphanumeric order positions in your account to another financial institution, of the account number, and then for all other account you will be subject to an Account Transfer Fee. If you close types, also in alphanumeric order. We will not sell shares your Account, whether by transferring, requesting a final of offshore funds or closed-end funds in this process. If check or by other means, before the annual service fee is the sale does not result in sufficient funds, the unpaid billed for that calendar year, we will debit your Account for debit balance will remain due. You may incur applicable the Annual Service Fee that you would have been charged. contingent deferred sales charges and transaction fees as a result of these sales. These sales may be a taxable event, We may charge your Marketing Relationship a Maintenance and UBS will not be liable for any tax consequences or for Fee (even if the annual service fees for your accounts have any losses or lost profits relating to these sales. been waived for that calendar year). The maintenance fee is charged if your Marketing Relationship does not meet We also charge commissions, markups and/or other fees a minimum of $25,000 in eligible assets. If this minimum and charges for execution of transactions to purchase and asset level is reached at the end of any month during the sell securities, options or other property through us and calendar year up until the last business day in November, our affiliates. These charges and fees may include, but then we will not charge you the Maintenance Fee for that are not limited to, transaction fees (rounded to the next year. You may be charged the Maintenance Fee if you penny on each sale transaction); subscription fees for U.S. instruct us to transfer your Account or all the positions in The UBS Base Loan Rate Government and Government agency issues; insurance your account to another financial institution or if you close and other applicable premiums, and other charges associated with the custody, your Account, and your Marketing Relationship has not reference rates are defined in the Statement handling and transfer of securities, funds and assets. You met the minimum $25,000 in eligible assets by time you of Credit Practices that agree to pay these charges, commissions and/or fees at transfer or close your Account. can be found in this our then prevailing rates. You also understand that such booklet. charges, commissions and/or fees may be imposed or You agree to pay a late charge if you purchase securities changed from time to time without notice to you, unless on a cash basis and fail to pay for them by the settlement required by rules or regulations, and you agree to be date. We may impose a late fee at the maximum rate of bound by the changes. We may waive the annual service interest set forth in the “Statement of Credit Practices,” if fee or other charges based on a variety of factors, including applicable, or otherwise at the maximum rate permissible the extent of our relationship with you. by law. The late charge will be imposed from the settlement date until the date of payment, without regard As a client, you understand that we will earn income, at to our right to sell the securities in accordance with your the prevailing market rates on overnight investments, on Client Relationship Agreement and applicable laws, rules deposits and credits to your Account(s), until the cash and regulations. balances are invested or swept into the UBS Deposit Account Sweep Program, a Sweep Fund or Other Sweep We charge interest on all amounts advanced and other Option. This does not apply if your account is an Individual balances due in accordance with our “Statement of Credit Retirement Account, ERISA Plan, 403(b)(7) Account, or Practices,” if applicable or otherwise at the maximum rate Coverdell Education Savings Account which UBS Financial permissible by law. Services Inc. has investment discretion over or has agreed to act as a “fiduciary” (as defined in Section 3(21) of Some of the more common fees and charges that may ERISA or Section 4975(e)(3) of the Internal Revenue Code). be associated with your Account are below. This is not an You agree that the overnight investment income will all-inclusive list. Note, however, that accounts that pay an be part of our compensation for services rendered with asset based advisory fee may be exempt from several of the respect to your Account, separate from and in addition charges listed below. to compensation described in the applicable fee schedule

Account Fee Notes and Definitions Your Financial Advisor Annual Service Fee can supply specific information regarding Resource Management Account (RMA) $150 fees and charges that may apply to your International Resource Management Account (IRMA) $175 Accounts. Individual Retirement Account (IRA) $75 IRA Resource Management Account (IRA RMA) $150 Coverdell Education Savings Account (CESA) $75 403(b)(7) Custodial Account $75 UBS Qualified Plan Prototype Document Fee $150 Qualified Plan Fee (for plans not using UBS prototype $50 documents) Business Services Account BSA $150 Business Services Account BSA Qualified Plans $150 Basic Investment Account $75 This account is no longer available.

16 About Your UBS Account: Fees and Charges Account Fee Notes and Definitions Other Fees Maintenance Fee $95 We charge this fee if the total eligible assets in a Marketing Relationship do not reach a minimum of $25,000 (calculated at each calendar month- end) before the last business day in November. Account Transfer Fee $95 Processing and Handling Fee (per transaction) $5.25 Transaction Fee (per transaction) at a rate adjusted twice varies This fee, which is displayed on trade per year and rounded by UBS to the next penny confirmations, covers the transaction fees UBS is required to pay to self-regulatory organizations. Annual Physical Security Safekeeping (per security $75 This is a fee for storing stock certificates or other per Account) physical securities on your behalf. Restricted Legend Removal Fee (per security) $125 This fee covers costs associated with the legal transfer from restricted to common stock. Bounced Check Fee $15 This fee is charged if a check drawn on your account is returned for insufficient funds. Returned Check Deposit Fee (per check) $25 This fee is charged when a check deposited to your Account is returned for insufficient funds. Special Check Handling Fee $10 This fee is charged when we pay a check that exceeds your Withdrawal Limit. Bill Payment, Automatic Payment, or Electronic Funds $15 Transfer Returned-Item Fee (per item) Stop Bill Payment / Transfer Fee (per stop payment) $15 Federal Fund Wire Transfer Fee $25 This fee is charged for outgoing wire transfers. RMA, IRA, IRA RMA and Business Services Account BSA (Sole Proprietorships only) accounts residing within the same Marketing Relationship with a primary billable account receive a total of three free outgoing wire transfers per year. Check Stop Payment Fee (per check) $12 Check Stop Payment Fee (series of 3 or more) $25 Check Copy Fee (per item) $2.50 Overnight Delivery of Wallet Style Check-Order Fee $15

UBS Rewards Program Level Fees

Fee per Program Level Individual Accounts Joint Accounts Additional Card CardsSets CardsSets Rewards Included at No Rewards Included at No Program Fee Additional Cost Program Fee Additional Cost Select $ 0 4 $0 5 $50 Premier $350 1 $350 2 $175 Charter $1500 1 $1500 2 $1000

17 Intentionally Left Blank

18 Bill Payment and Electronic Funds About Your UBS Account: Bill Payment and Electronic Funds Transfer Service Agreement Transfer Service Agreement

“You,” “your” and Service Agreement your payments or transfers, and you agree to repay any “yours” refer to clients or insufficient funds on demand. of UBS. As a client of UBS, you may request to enroll in our Bill Payment and Electronic Funds Transfer Service – an efficient If an erroneous payment or transfer is made, you authorize “UBS,” “we,” “us,” “our” and convenient way to pay your bills and transfer funds to us to debit or credit your Account to correct it, provided and “ours” refer to UBS and from certain accounts as described below. the correction is made in accordance with applicable laws, Financial Services Inc. rules and regulations. and unless we indicate This Service Agreement constitutes the terms and otherwise, its successor firms, subsidiaries, conditions that govern the UBS Bill Payment and Electronic In addition, you authorize the banks or other financial correspondents and Funds Transfer Service, as well as other electronic funds institutions at which you maintain your Authorized affiliates, including its transfers, including transfers under the Cash Connect Outside Accounts to accept ACH credits or debits to those parent company, UBS service and other transfers made through the Automated accounts. Finally, by using our Bill Payment and Electronic AG. Clearing House (ACH) system. Funds Transfer Service, you authorize us to obtain information about your funds transfer transactions from “Accounts” refers to all All bill payments and electronic funds transfers are the other banks or financial institutions in order to provide accounts you open with subject to your Client Relationship Agreement. If there is the Bill Payment and Electronic Funds Transfer Service or to us now or in the future. a conflict between this Service Agreement and the Client resolve transfer posting problems. You may enroll in the Bill Relationship Agreement, this Service Agreement will Payment and Electronic control. By enrolling in our Bill Payment and Electronic Funds Transfer Service by Funds Transfer service, you agree that you may not use CashConnect Feature contacting your Financial the service to make any illegal payments or transfers, and Advisor. you agree that we may refuse to execute requested bill This service agreement also applies to electronic fund payments and electronic funds transfers in order to prevent transfers we make under the CashConnect feature to pay Note: Individual suspected fraud or illegal activity. cash advances you receive through your UBS Visa Signature Retirement Accounts credit card at ATMs or banks, even if you do not otherwise (IRAs) and Basic Investment Accounts enroll in the Bill Payment and Electronic Funds Transfer cannot process Electronic The UBS Bill Payment Service Service. Funds Transfers via ResourceLine. After we approve your enrollment in the UBS Bill Payment Service, you may initiate payments from your Account to Termination of Authorization “Payees” are the vendors payees within the U.S. When instructed, we will make and other persons, regular, periodic payments in fixed amounts to a particular Your authorization will remain in effect until we receive companies or entities payee or initiate one-time payments of a specified amount notification from you to terminate it. You may terminate you wish to receive funds through the UBS to a payee. We may send the funds electronically or by or modify your authorization at any time. Your termination Bill Payment Service. paper check to your intended payee. will become effective as soon as we have had a reasonable amount of time to act on it. We are not responsible for bill payments or electronic funds transfers that are not A “Designated Internal The UBS Electronic Funds Transfer Service paid after you terminate these services, and you remain Account” is any other responsible for any outstanding fees or obligations arising UBS account you have After we approve your enrollment in the UBS Electronic from your use of these services. designated to transfer Funds Transfer Service, you may initiate transfers of funds funds to or from. between your Account and “Designated Internal Accounts” We accept instructions to terminate your authorization by An “Authorized Outside or “Authorized Outside Accounts” at other financial telephone or in writing. If you notify us by telephone, we Account” at another institutions or banks within the U.S. You must be entitled may require you to send us written notification also. bank or financial to withdraw funds from any Designated Internal Account institution is one you from which you intend to transfer funds, and we must The CashConnect feature will be terminated automatically have designated as authenticate and accept any outside account to or from if your account is closed or suspended. a recipient or source which you intend to transfer funds before you can initiate of electronic funds transfers. UBS may also terminate these services and close these transfers, and for which account authorizations accounts at any time without prior notice. have been authenticated, completed and accepted. Authorization Maximum Transaction Amounts ResourceLine®, our By enrolling in the Bill Payment and Electronic Funds interactive voice Transfer Service you authorize us to initiate payments The maximum amount you may pay or transfer from response telephone unit, and transfers to and from your Account, your Designated your account is equal to your “Withdrawal Limit.” Your is available 24 hours a day, 7 days a week, Internal Accounts and your Authorized Outside Accounts. obligations are satisfied in the order described in the at (800) 762-1000, We accept instructions online, over the telephone, in “Order of Permitted Payments” section of this booklet. The option “0,” in the U.S. writing or other means. When you use UBS Online Services maximum amount you may transfer from an Authorized or, outside the U.S., by or ResourceLine, our telephone voice response system, Outside Account is determined by the bank or financial calling collect at (201) you may be required to provide your password or personal institution at which you maintain that account. We may 352-5257. identification number (“PIN”). Certain bill payments and change the maximum transaction amount or impose electronic funds transfers can only be requested through a minimum amount at any time without prior notice. If you have any Online Services or in writing. Transfers may be made only in U.S. dollars. questions regarding the CashConnect feature, please call UBS Client In addition, by enrolling in the service and through your Services USA at 1-800- continued use, you agree to maintain sufficient balances to Providing Payment or Transfer Instructions 762-1000. cover your bill payments and electronic funds transfers at all times. Likewise, you understand that we are not liable You may provide payment or transfer instructions via the for any overdraft or insufficient funds situation caused by Internet, over the telephone, in writing or by other means.

19 About Your UBS Account: Bill Payment and Electronic Funds Transfer Service Agreement You may notify us by The Bill Payment and Electronic funds Transfer Service Canceling A Transaction calling (800) 762-1000, is available 24 hours a day, 7 days a week (excluding 24 hours a day, 7 days a week, or by writing to: maintenance periods) at www.ubs.com/onlineservices or You may cancel specific payment or transfer instructions by calling (800) 762-1000 to access ResourceLine®. With up to 6:00 p.m. Eastern time on the Process Date for that UBS Financial Services ResourceLine® you may use our interactive voice response transaction. We are not liable for cancellations we receive Inc., 1000 Harbor Blvd., system or speak to a live operator. Outside the U.S., you after 6:00 p.m. Eastern time on that business day. This 5th Floor, may call us collect at (201) 352-5257. Certain bill payments includes regular automatic payments, bill payments and Weehawken, NJ 07086 and electronic funds transfers can only be requested electronic funds transfers you have instructed us to make Attn: Bill Payment and through Online Services or in writing. We cannot accept in advance out of your Account. Process Dates for specific Electronic Funds Transfer payment or transfer instructions provided via e-mail. payments and transfers are available from Online Services Service or ResourceLine. Outside the U.S., call Instructions to transfer $100,000 or more must be provided us collect at (201) 352- to a live operator or executed via Online Services. The You may request a cancellation the same way you provide 5257. transaction limit via Online Services is $1,000,000. We payment or transfer instructions. If you make your request reserve the right to change or limit the frequency or dollar over the telephone, however, we may require you to Your Account’s amount of a payment or transfer at any time without prior confirm it in writing within 14 days after your call. If you “Withdrawal Limit” is notice. send your request through the mail, we must receive it the amount of funds in our offices at least three (3) business days before the available for securities purchases and other Process Date. transactions on any Process Date particular day. For If you ask us to stop a regular automatic payment, bill more information, see Your instructions to us must specify the date on which payment or electronic funds transfer that you have the “General Terms you want us to initiate a payment or transfer. That date is authorized in advance, and we do not do so, we will be and Conditions” in called the “Process Date.” If we receive your instructions liable for your losses or damages to the extent required by the Agreements and for a particular date after 6:00 p.m. Eastern time on that Federal law. We do not accept liability, however, for losses Disclosures booklet business day, or on a holiday or weekend, the first business or damages that might be incurred if we did not receive or call your Financial Advisor. day after receipt (or such later date you may specify) will be your request by 6:00 p.m. Eastern time on the Process designated as the Process Date. Date.

“Business Days” are The Process Date is not, however, the date on which the You may attempt to cancel a transaction that has been Monday through Friday. payment or transfer will actually be received and/or posted processed but not “cleared.” A cleared payment or transfer Bank holidays in New by your payee. is one that has been received and posted by the payee York State and New or outside financial institution. To attempt to cancel a York Stock Exchange transaction after its Process Date but before it has cleared, holidays are not a business day. Timing of Bill Payments call us at (800) 762-1000. We will not accept liability for losses or damages that might be incurred if we are unable See the section titled, We will debit your Account for a bill payment on the to stop the payment or transfer. We may also require you “Providing Payment or Process Date indicated in your instructions. If your payee to confirm your request in writing within 14 days of your Transfer Instructions” to can receive electronic payments, we will generally send call. We will charge a fee of $15.00 for each request to review ways to access your payments electronically. Otherwise, we will mail a cancel a payment or transfer after its Process Date. our systems. physical check to the payee’s address of record. Depending on whether the payment is sent electronically or by physical Notifying us by telephone is the best check, it may not be received by the payee until several Funds Transfer Initiated By Third Party; Electronic way to minimize your days after the Process Date. Check Conversion potential losses, if you You may authorize a third party to debit your accounts suspect your PIN or Accordingly, we recommend that all instructions specify a using an electronic funds transfer. In addition, you may password has been Process Date at least five (5) to seven (7) business days prior authorize a merchant, or other payee, to make a one-time lost or stolen, or if to the date the payment is due. If you follow the procedures payment from your account via an electronic funds transfer you find unauthorized described above and schedule your payments for a Process using information from your check. By enrolling in this transactions in your Date at least five (5) to seven (7) business days prior to the service and through your continued use of it, you authorize Account. due date of the bill, and we fail to process the payment on us to honor and pay these electronic funds transfers, and ResourceLine is available the scheduled Process Date, we will be responsible for up to debit your account for them any time after we receive 24 hours a day, 7 days $50.00 in late charges. In all other circumstances, you will them. We reserve the right, from time to time, to impose a week, at (800) 762- be responsible for all late charges and penalties. limitations on the number, frequency and dollar amount of 1000, option “0,” in the these types of electronic funds transfers and to return or U.S. or, outside the U.S., Except as provided here, we agree to initiate all payments refuse to pay such electronic funds transfers that exceed by calling collect at (201) in accordance your instructions. We are not liable for those limits. 352-5257. damages unless we breach our agreement. Likewise, we are not responsible for any delay by the receiver in posting or crediting a bill payment or electronic funds transfer, or Documentation for delays caused by incorrect payment instructions or for We display the transfers for your Account on your monthly other reasons beyond our control. statement as required by applicable regulations. If there are no transfers in a given month, we send an account We earn interest income on bill payments during the time statement at least quarterly. after the funds are debited from your Account and before the bill payment is processed. Unauthorized Use of Your Account; Lost or Stolen * If you find an Pin Or Password unauthorized or Timing Of Electronic Funds Transfers questionable Card Please notify us immediately if your Account statement transaction, notify the We debit your Account for an electronic funds transfer on shows any unauthorized automatic payments, or Card Issuer in accordance the Process Date indicated in your instructions. Transfers to unauthorized bill payments or electronic funds transfers, with the Cardholder a Designated Internal Account or to an Authorized Outside other than a UBS Card transaction. * You could lose Agreement. The Account will generally be sent on the same business day all the money in your Account if you fail to notify us of Cardholder Agreement, not this agreement your Account is debited. unauthorized transactions. governs your liability for unauthorized Card We initiate transfers to your Account from a Designated If you do not notify us within sixty (60) days after the transactions. Internal Account or an Authorized Outside Account on the statement on which an unauthorized transaction appears Process Date indicated in your transfer instructions. was mailed or made available to you, and if we can show

20 About Your UBS Account: Bill Payment and Electronic Funds Transfer Service Agreement that fraudulent transactions could have been stopped if Our Liability For Failure To Make Bill Payments or You can also call your you had notified us in a timely manner, you may not get Electronic Funds Transfer Financial Advisor or write to us at: back any money you lost after the 60 days. If we do not complete a transfer to or from your account UBS Financial Services You must also notify us immediately by calling on time or in the correct amount, as described in this 1000 Harbor Blvd., ResourceLine® if you believe your PIN or password has agreement, we will be liable for your losses or damages 5th Floor been lost or stolen, or if there may be any unauthorized to the extent required by Federal law. However, there are Weehawken, NJ 07086 automatic payments, bill payments or electronic funds some exceptions for which we are not liable, including if: Attn: Bill Payment and transfers from your Account. i. Through no fault of ours, the payment or transfer Electronic Funds Transfer exceeds your Withdrawal Limit, Service You will have no liability for unauthorized automatic ii. The funds in your Account are subject to legal process The Cardholder payments, bill payments or electronic funds transfers from or other encumbrances restricting transfers, Agreements, not this your Account if: iii. Your Account has been retitled, closed or blocked for agreement, governs the i. You have exercised reasonable care in safeguarding security reasons, investigation of suspect your PIN or password from risk of loss or theft; iv. The Bill Payment or Electronic Funds Transfer Service Card transactions. ii. You have not reported two or more incidents of was not working properly and you were aware of the unauthorized use within the preceding twelve months; malfunction when you entered your instructions, and v. The bank or other financial institution where you iii. Your Account is in good standing. maintain an Authorized Outside Account mishandles or delays a payment or transfer we send it, In any event, if you notify us within two (2) business days vi. You have not provided us with the correct names or of discovering the loss or theft of your PIN or password account information for the accounts to or from which or any unauthorized automatic payments or unauthorized you wish to direct a payment or transfer, bill payments or electronic fund transfers, you can lose no vii. Circumstances beyond our control, such as fire, flood or more than $50.00. interference from an outside force, prevent or delay the transaction despite any reasonable precautions we may If you do NOT notify us within two (2) business days after have taken, or you discover the loss or theft of your PIN or password, viii.Any other exceptions stated in this agreement. or any unauthorized transactions, and we can show that we could have stopped the unauthorized use if you To the extent permitted by applicable law, we are not be had notified us in a timely manner, you could lose up to liable for any special, incidental, consequential or exemplary $500.00. damages, including, without limitation, lost profits arising in any way out of the use of these services, or for If a good reason, such as a long trip or hospital stay, misdirected payments or transfers due to your input errors. prevents you from notifying us, we will extend the above time periods reasonably. Confirming A Payment or Transfer

Questions or Errors on Your Account Statement To confirm whether a payment or transfer, including a If you think your account statement or receipt is incorrect, direct deposit, has been executed, log in to your Account need more information about any transactions on a via Online Services at www.ubs.com/onlineservices or call statement or receipt (except UBS Card transactions), or (800) 762-1000. have any other inquiries about your Account, please call ResourceLine® or write to us at the address above. Notice of Varying Amounts We will ask for the following information: i. Your name and account number If you intend to make regular preauthorized transfers of ii. A description of the error or the transfer you are varying amounts to the same person or entity, the person questioning, why you believe it is an error or why you you are going to pay is required to inform you at least 10 need more information days before each payment, of the amount and timing of iii. The dollar amount of the suspected error each payment.

If you provide this information over the phone, we may ask you to send your description, complaint or question to us Charges in writing within ten (10) business days of notifying us. Bill payments and electronic funds transfers are free of We will investigate the issue and advise you of our findings charge for all accounts other than a Business Services within ten (10) business days after we receive your letter. Account BSA (BSA). The first twenty (20) combined If an error has been made, it will be corrected promptly. payments and transfers per month from a BSA to In some cases, however, it may take up to 45 days to your Authorized Outside Accounts are free of charge. investigate an error or question. Thereafter, your Account will be charged $0.50 for each outgoing transaction. Transfers into a BSA and between If we need more time, we will credit your Account within a BSA and any Designated Internal Accounts are free of ten (10) business days for the amount of the error in charge. question. You may use that money during the time it takes us to complete the investigation. If we ask you to put your We may terminate the Bill Payment or Electronic Funds question or complaint in writing, but we do not receive Transfer Service or charge you for payments or transfers it within ten (10) business days, we are not obligated to from your Account to your Authorized Outside Accounts credit your Account. if we determine that such payments and transfers have become excessive. If this happens, we will notify you. Investigations involving new Accounts, point-of-sale errors or foreign transactions may take up to ninety (90) days to We may charge you a returned-item fee of $15.00 for complete. It may take us up to twenty (20) days to credit each bill payment and/or electronic funds transfer that is new Accounts for the amount you think is in error. returned due to insufficient or uncollected funds in any of your Authorized Outside Accounts. By enrolling in and We will tell you the results of our investigation within using these services, you agree to pay the above charges three (3) business days of completing it. If we decide there and authorize us to charge your Account, or any other was no error, we will send you a written explanation. You account you maintain with us, if there are insufficient funds may ask for copies of the documents that we used in the in your Account for such amounts. investigation.

21 About Your UBS Account: Bill Payment and Electronic Funds Transfer Service Agreement The UBS Client Privacy Rejected And Returned Electronic Funds Transfers that your PIN or Password has been lost or stolen, that Notice is mailed to you someone has attempted to use it without your consent, or annually. It is also available on Transfers may be rejected and returned by your bank or that funds have been transferred or disbursed without your our website at other financial institution for the following reasons: permission, you must notify us immediately by calling (800) www.ubs.com/fsi. Click i. Insufficient or Uncollected Funds in your Authorized 762-1000. From outside the U.S., call (201) 352-5257 on “Privacy Statement” Outside Account: When you request a transfer from collect. Operators are available 24 hours a day, 7 days a at the bottom of the an Authorized Outside Account, you must ensure that week. You can also notify us by writing to: Home page. sufficient funds are available to complete the transfer. ii. Closed Authorized Outside Account: If the Authorized UBS Financial Services Inc. Outside Account from which you request a transfer is 1000 Harbor Blvd., 5th Floor closed when we attempt to complete the transfer, it Weehawken, NJ 07086 will be rejected and returned as incomplete. Attn: Bill Payment and Electronic Funds Transfer Services We will deduct a returned item fee from your Account or, if funds are insufficient, from any other account you hold with us for each transfer request we cannot complete from Your Privacy an account with insufficient or uncollected funds or from a closed account. At UBS, we are committed to safeguarding your personal information. For more information, please review the enclosed UBS Client Privacy Notice, which describes the Pin And Password Security personal information we collect and how we handle and protect it. By enrolling in this service and through continued use of it, you agree not to give or make your PIN or Password available to any unauthorized individuals. If you suspect

22 UBS American Express Agreement American Express Agreement About Your UBS Account:

® “Card Issuer” refers to UBS American Express Cardholder Agreement that you can make with your Card. Some network Barclays Bank Delaware, ATM machines may impose additional limits on cash the issuer and processor Cardholder Agreement withdrawals. of the UBS American This UBS American Express Cardholder Agreement Express Card or other (“Cardholder Agreement”) governs the usage of, and Security issuer of that Card. your rights and responsibilities with respect to, any UBS You agree to take all reasonable precautions to prevent any American Express Card(s) (each, a “Card”) issued in other person from learning your PIN or otherwise gaining As used in this connection with your Account. The Card is issued by access to your account. You agree that if you give your Cardholder Agreement, “you” and “your” mean Barclays Bank Delaware (also referred to as the “Card Card to another person, you must get the Card back in the applicant and any Issuer”) in accordance with an agreement between Barclays order to terminate that person’s authority to use your Card. joint applicant(s) for the Bank Delaware and UBS and this Cardholder Agreement. UBS American Express Your Client Relationship Agreement and the terms, Debiting of Transaction From Your Account Card, and “we,” “us,” conditions and disclosures included in your New Account Your Card is not a credit card; it is an access device linked “our” and “ours” refer booklet also apply to your Card, but the terms of this to your Account. You are responsible for all transactions jointly to UBS Financial Cardholder Agreement control in the event of made by using your Card, and for satisfying all obligations Services Inc. and the any inconsistency. incurred in connection with its use. You authorize the Card Card Issuer. Issuer to notify UBS of all your Card transactions on a daily Throughout this This Cardholder Agreement also applies to the use of basis, and you authorize UBS to pay the Card Issuer on Cardholder Agreement, any Cards you request us to issue to any additional your behalf. UBS will deduct funds from your Account to “Card” and “Cards” refer cardholders, as well as to any person using any Card issued pay for your Card transactions. to the UBS American in connection with your Account with express, implied or Express Card(s) issued apparent authority to act on your behalf or on the behalf By signing your Client Relationship Agreement, you in connection with your of any other Cardholder. You agree that the Card Issuer authorize UBS, on notice from the Card Issuer, to deduct UBS Account, but not to may, but is not required to, act on instructions or respond from your Account the amount of cash withdrawals made the UBS Visa Signature to communications from those additional users. You are with the Card. You also authorize UBS, once each calendar credit card. responsible for the use of all Cards issued in connection month, to deduct from your Account the amount of For the purposes of this with your Account. purchases made with the Card that have been received by Cardholder Agreement, the Card Issuer but not yet deducted from your Account. “business days” are This Cardholder Agreement does NOT apply to other defined as Monday features of your Account, such as bill payments and UBS will pay amounts from your Account in the order through Friday. Any day electronic funds transfers, nor does it apply to the UBS Visa specified in the section entitled “Order of Permitted when banks in New York Signature credit card. Payments” in your New Account booklet. If your Account State are authorized or is cancelled or transferred, you agree that UBS may deduct required to be closed and/or any day which Account Access from your Account and pay the Card Issuer the amount of is a New York Stock You may use your Card to: both your cash withdrawals and purchases on a daily basis. Exchange holiday is • Purchase goods and services wherever American not a business day. Express cards are accepted, and at retail locations that Cancellation participate in and display the network symbols shown on We or the Card Issuer may cancel or revoke your Card, Your Withdrawal Limit the back of your Card. and refuse to allow further transactions, at any time for is the combined total • Get cash from your Account from ATMs across the any reason without notice or liability, whether or not you of any uninvested country and around the world that accept American are in default of any part of this Cardholder Agreement. cash balances in your Account, balances held Express cards. Cancellation of your Card will not affect your liability in Sweep Options and, for transactions and amounts not yet debited from your if you have margin, the You agree not to use your Card in any illegal transaction, Account. You agree to surrender and stop using your Available Margin. or to purchase, trade or carry securities. Card(s) immediately on the request of the Card Issuer, UBS or any bank or merchant acting on instructions Withdrawal Limit from us. Using your Card, you may get cash and make purchases up to your Withdrawal Limit. Note that your Withdrawal Limit Foreign Transactions may change throughout each day and from day to day. American Express converts transactions in foreign Please note, however, that if your Account is subject to a currencies into U.S. dollars. Unless a particular rate is guarantee that secures the repayment of an obligation or required by applicable law, American Express uses a amount you owe UBS or any of our affiliates (for example, wholesale interbank rate selected on the business day pursuant to a Credit Line Guarantee Agreement), your prior to the day on which the transactions are processed Withdrawal Limit will be reduced on an ongoing basis by by American Express, increased by 2.5%. The currency the amount we, or our affiliates, determine in our, or their, conversion rate used on the conversion date may differ sole discretion is necessary to secure the liability. For a from the rate in effect on the date you used your Card. complete discussion of how we calculate your Withdrawal American Express assesses a currency conversion factor Limit, see the section entitled “Withdrawal Limit” in your of 2.5% to the converted amount (i.e., the U.S. dollar New Account booklet. amount) and aggregates it with the converted amount on your statement. UBS will notify the Card Issuer, on your behalf, of your Withdrawal Limit. You agree that neither you nor any In addition, the Card Issuer will charge UBS Select level person authorized by you will initiate transactions with your Cardholders a Foreign Country Transaction Fee of one- Card(s) that exceed your Withdrawal Limit. You also agree half of one percent (0.50%) of the U.S. dollar amount that, if you do exceed your Withdrawal Limit, the amount of the transaction if you use your Card or account to of all excess transactions will become immediately due and effect a transaction with a party located outside of the payable at our option. United States. This amount is in addition to the currency conversion factor assessed by American Express discussed For security reasons and in order to prevent fraud, we may in the previous paragraph. impose limits on the number and amount of transactions

23 About Your UBS Account: UBS American Express Agreement About Your UBS Account: See the “Fees and UBS Premier and Charter level Cardholders will not be Your Liability For Unauthorized Transfer Charges” section of your charged a Foreign Country Transaction Fee by the Card Notify the Card Issuer if you suspect your Card New Account booklet for immediately information about other Issuer and will only be assessed the currency conversion or PIN has been lost or stolen, or if your statement shows fees applicable to your factor by American Express. transfers that you did not make. Telephoning is the best Account. way of keeping possible losses in your Account down. You Fees could lose all the money in your Account. To report a lost or stolen Other than those discussed in the Foreign Transactions Card or unauthorized section above, no fees are assessed in connection with the You will have no liability for unauthorized use of your Card transaction call (800) use or maintenance of your Card. or PIN if: 762-1000, or (201) i. You have exercised reasonable care in safeguarding 352-5257 collect from outside the U.S. UBS will reimburse you unlimited ATM fees imposed by your Card and PIN from risk of loss or theft; an ATM operator or network (to a maximum of $3.00 ii. You have not reported two or more incidents of You May also write the per transaction) as part of your participation in specific unauthorized use within the preceding twelve months; Card Issuer at: account-level programs: and UBS Card Services • Select/Premier/Charter Level Clients receive unlimited iii. Your Card account is in good standing. P.O. Box 8801 ATM surcharge reimbursements per year. Wilmington, DE 19899 In any event, if you notify the Card Issuer within two (2) Refunds business days of discovering any unauthorized use of or You agree to accept a credit to your Card instead of a your Card or PIN, you can lose no more than $50.00 for UBS RMA Operations cash refund if you are entitled to a refund for any reason, unauthorized transfers. If you do NOT notify the Card 1000 Harbor Blvd. 5th including in connection with the purchase of goods or Issuer within two (2) business days after you discover the Floor Weehawken, NJ services with, or any error on, your Card. loss or theft of your Card or PIN, or any unauthorized 07086 transactions, and the Card Issuer can prove that it could Confidentiality have stopped the unauthorized use if you had notified it, Notifying the Card Issuer UBS or the Card Issuer will disclose information to third you could lose up to $500.00. by telephone is the parties about your Account, your Card or your transactions: best way to keep your possible losses down. If you do not notify the Card Issuer within 60 days after the You could lose all the • When necessary to complete a transfer or transaction; statement showing unauthorized transfers was mailed to money in your Account. • To verify the existence and condition of your Account you, you may not get back any money you lost after the 60 or Card for a third party, such as a credit bureau or days if the Card Issuer can prove that it could have stopped merchant; the unauthorized transfers if you had notified it in time. If • To comply with government agency or court orders; a good reason (such as a long trip or a hospital stay) kept • If you give your express permission; or you from notifying the Card Issuer, the Card Issuer may • As described in the UBS or Card Issuer’s Privacy Policies reasonably extend the time periods.

You agree that UBS and the Card Issuer may share In Case of Errors or Questions About Your information with American Express for the purpose of Transactions administering your Card account. If you think your statement or a receipt is wrong, or if you need more information about a transaction listed on Documentation your statement or a receipt, call the Card Issuer at (800) You can get a receipt every time you use your Card at an 762-1000 or write the Card Issuer at UBS Card Services, ATM or point-of-sale terminal. Your monthly RMA Account P.O. Box 8801, Wilmington, DE 19899-8801, as soon Statement will show the transfers and transactions you as you can. make using your Card. If the error concerns an ATM transaction, you must contact The Card Issuer’s Liability To You the Card Issuer and not the financial institution or network If the Card Issuer does not complete a transfer to or from that operates the ATM. You must contact the Card Issuer your Account on time or in the correct amount according no later than 60 days after the FIRST statement on which to this Cardholder Agreement, the Card Issuer will be the error or problem appeared was sent to you. liable for your losses or damages to the extent required by Federal law. However, the Card Issuer will not be liable for When you contact the Card Issuer: your losses or damages if, for instance: • Provide your name and Card number, • Provide the dollar amount of the suspected error, • Through no fault of the Card Issuer, the transfer exceeds • Describe the error or the transaction you are questioning, your Withdrawal Limit, and explain as clearly as you can why you believe it is an • The ATM where you are making the transfer does not error or why you need more information. have enough cash, • The terminal or system was down, or not working If you inform the Card Issuer of the problem over the properly, and you knew it was not working properly phone, it may require you to send written confirmation of when you started the transfer, your complaint or question within ten (10) business days. • Circumstances beyond the Card Issuer’s control (such as fire or flood) prevent the transfer, despite reasonable The Card Issuer will determine whether an error has precautions that the Card Issuer has taken, occurred within ten (10) business days after hearing from • Through no fault of the Card Issuer, the balance of you and will correct any error promptly. If the Card Issuer your Account was attached, subject to legal process or needs more time to investigate your complaint or question, blocked in some way, or however, they may take up to forty-five (45) days to so. • You were trying to defraud the Card Issuer. If the Card Issuer decides to do this, we will provisionally credit your Account within ten (10) business days for the There may be other exceptions stated in this Cardholder amount you think is in error. You will have use of the Agreement. funds during the time it takes the Card Issuer to complete their investigation. If the Card Issuer asks you to put your Contact In The Event Of Unauthorized Transfer complaint or question in writing and they do not receive it If you believe your Card or Personal Identification Number within ten (10) business days, they may decide not to credit (PIN) has been lost or stolen or that someone has used your Account. or may use your Card or PIN without your permission, call (800) 762-1000 or write: UBS RMA Operations, 1000 For errors involving new Accounts, point-of-sale or foreign- Harbor Blvd., 5th Floor, Weehawken, NJ 07086. initiated transactions, the Card Issuer may take up to ninety (90) days to investigate a problem or question. For

24 About Your UBS Account: UBS American Express Agreement About Your UBS Account: new Accounts, the Card Issuer may take up to twenty (20) business days to credit your Account for the amount you think is in error.

The Card Issuer will inform you of the results within three (3) business days after completing its investigation. If the Card Issuer decides that there was no error, the Card Issuer will send you a written explanation. You may ask for copies of the documents that were used in the investigation.

Changes To This Agreement and Applicable Law We reserve the right to change, modify, delete or add (collectively, “Changes”) to this Cardholder Agreement and to apply any Changes to Cards that have been issued. We will provide you with a notice of all Changes as required by applicable law. The Card Issuer may, at any time and in its sole discretion, choose to not exercise a right without waiving that right.

This Cardholder Agreement and all aspects of the relationship between you and the Card Issuer with regard to the Card are governed by and construed in accordance with Federal law, and to the extent that state law applies, the laws of the State of Delaware.

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68 UBS Visa Signature® Credit Card Terms and Conditions UBS Select and Premier Levels

ACCOUNT SUMMARY TABLE

Interest Rates and Interest Changes Annual Percentage Rate (APR) UBS Premier UBS Select for Purchases 12.24% 13.24% Page 29 of 56 This APR will vary with the This APR will vary with the market based on the market based on the Prime Prime Rate. Rate.

APR for Balance Transfers 0%, introductory APR for the 0%, introductory APR for the first six billing cycles after first six billing cycles after account account opening. opening.

After that, your APR will After that, your APR will be 13.24%, be 12.24%, based on your credit based on your credit worthiness. This worthiness. This APR will vary with the APR will vary with the market based on market based on the Prime Rate. the Prime Rate.

APR for Cash Advances 31.24%

This APR will vary with the market based on the Prime Rate.

Penalty APR and When it Up to 30.24%, based on your creditworthiness. Applies This APR may be applied to your account if you: 1) Make a late payment; 2) Go over your ; 3) Make a payment that is returned; or 4) Do any of the above on another account you have with us.

This APR will vary with the market based on the Prime Rate.

How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR will no longer apply to existing balances if you make the next 6 consecutive payments when due. The Penalty APR will apply to other balances indefinitely.

How to Avoid Paying Interest Your due date is at least 23 days after the close of each billing cycle. We will not charge on Purchases you interest on purchases if you pay your entire balance by the due date each month.

Minimum Interest Charge If you are charged interest, the charge will be no less than $2.00 ($0.50 for residents of Iowa at time of account opening).

For Credit Card Tips from the To learn more about factors to consider when applying for or using a credit card, visit the Federal Reserve Board website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.

27 Fees Annual Fee $0 Transaction Fees:

• Balance Transfer Either $10 or 4% of the amount of each transfer, whichever is greater. (During the first six billing cycles after account opening, either $5 or 3%; the maximum fee per transfer; $50, after that no maximum.)

• Cash Advance Either $10 or 3% of the amount of each cash advance, whichever is greater.

• The purchase of a money Either $10 or 3% of the amount of each transaction, whichever is greater. order, travelers’ check, foreign currency, lottery ticket, gambling chip, or wire transfer is a cash advance

• Foreign Transaction Waived 3% of each transaction in U.S. dollars.

Penalty Fees:

• Late Payment Up to $35 (the amount of the fee varies by state, see below)

• Over-the-Credit-Line $0

• Returned Payment Up to $35 (the amount of the fee varies by state, see below)

How We Will Calculate Your Balance: We use a method called “daily balance (including new purchases)”. If you are a resident of Iowa at the time the account is opened, we use a method called “average daily balance (including new purchases)”.

Loss of Introductory APR: We may end your Introductory APR and apply the Penalty APR if you make a late payment.

Terms and Conditions:

Fees that Vary by State: Late Payment Fee: Up to $35 ($15 for residents of Iowa at time of account opening). Returned Payment: Up to $35 ($15 for residents of Iowa at time of account opening).

Terms and Conditions Authorization: I understand that the use of any credit card account opened or any card issued in connection with this offer will constitute my acceptance of and will be subject to the terms and conditions of these Terms and Conditions and the Cardmember Agreement that will be sent to me. I agree to be responsible for all charges incurred according to the Cardmember Agreement. I understand that after my account is opened, the terms of my account are subject to change as provided in the Cardmember Agreement. I agree that if I am not approved for a Signature account that I may be approved for a Platinum account.

About Your Application and This Offer: Depending on our review of your application and your credit history, or if the income you report is insufficient based on your current obligations, we may be unable to open an account for you, or you may receive a Platinum card. Platinum benefits differ from Signature benefits. You also understand that if your application is approved for an account, the APR and the type of account that you receive will be determined based on your creditworthiness. Please review the materials provided with your Cardmember Agreement for more details. Omission of any information requested on this application may result in a denial of credit. This offer is available only to applicants who are permanent residents of the United States, with the exception of Puerto Rico. This offer may not be available to you if you already have or have had a Credit Card account with us.

Changes to Account and Benefits Terms: We reserve the right to change the APR and other account terms in accordance with the Cardmember Agreement, Delaware law and the Federal Truth in Lending Act. We also reserve the right to change the benefits and features associated with the card or the account.

About Your Credit Report and Your Credit Performance: You agree that Barclays has the right to obtain a current credit report in connection with our review of your application and, subsequently, in connection with a requested charge to any account with us, the renewal of your account, or a change in your credit line; and that we have the right to report to others our credit experience with you. Upon your request, we will tell you the

28 name and address of each consumer reporting agency from which we obtained a consumer report about you. After your account is opened, we will periodically review your credit performance. If you do not maintain your credit performance, we may change your account terms.

How the Variable APRs on Your Account will be Determined: The APRs on your account will be determined each billing cycle by adding a margin to the Prime Rate (which will be the highest rate published in the Money Rates column of The Wall Street Journal on the last business day of each month). See your Cardmember Agreement for more detail. The APRs noted above are current as of 08/02/2010 using a Prime Rate of 3.25%.

Important Information About Procedures for Opening a New Account: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means to you: When you apply for an account, we will ask for your name, street address, date of birth, social security number, and other information that will allow us to identify you. We may also ask to see copies of identifying documents.

Notice to Married Wisconsin Residents: No provision of any marital property agreement, unilateral statement under Section 766.59 of the Wisconsin statutes, or court order under Section 766.70 adversely affects the interest of the creditor, Barclays Bank Delaware, unless the Bank, prior to the time the credit is granted or an open-end credit plan is entered into, is furnished a copy of the Agreement, Statement or Decree, or has actual knowledge of the adverse provision. IF I AM A MARRIED WISCONSIN RESIDENT, CREDIT EXTENDED UNDER THIS ACCOUNT WILL BE INCURRED IN THE INTEREST OF MY MARRIAGE OR FAMILY.

Balance Transfers. Here’s How it Works: To request a balance transfer please enter the 15 or 16 digit account number from the MasterCard, Visa, American Express, or Discover Card account that you want us to process a balance transfer to. Upon approval of your application we will provide you with your Cardmember Agreement and to the extent permitted by your credit line we will process the requested balance transfer payment to the credit card account(s) which you have requested. If the total amount you request exceeds the assigned credit line on this account, we may either decline the request or send a partial payment to your creditor(s) in the order you provided them to us. The amount of available credit on this account will be reduced by the amount of the balance transfer and the related balance transfer fees. We reserve the right to decline to process any requested balance transfer. We will not process a request to transfer a balance from any other account you may have with us. Balance transfers incur interest from the transaction date and they do not have the same charge back rights as transactions conducted with a credit card.

A balance transfer may take up to 4 weeks to post to your other credit card accounts. Continue to pay each creditor until the balance transfer appears on the other account as a credit. If you would like to complete a balance transfer from another account that is not a Visa, MasterCard, American Express, or Discover card, please call the phone number on the back of your new credit card once you are approved.

Automatic Repayment of Cash Advances through CashConnect. The CashConnect feature on your UBS Visa Signature credit card account will automatically repay Cash Advances obtained from ATMs and financial institutions (“CashConnect Cash Advances”) with available funds from your UBS Resource Management Account® (RMA®) or your UBS Business Services Account (BSA®) (either referred to as “UBS Account”). You will incur no interest charges on CashConnect Cash Advances, as long as there are sufficient available funds in your UBS Account to repay your CashConnect Cash Advance transaction in full when we first seek payment from your UBS Account. If sufficient available funds are not available in your UBS Account to pay off your CashConnect Cash Advances balance in full, then the Variable APR on Cash Advances (as listed in the Account Summary Table) will apply as of the original transaction date on any remaining balance. You will be charged the variable APR on Cash Advances on your remaining CashConnect Cash Advance balance until it is repaid in full. Applicable ATM surcharge fees may apply. No other account balances are paid through the CashConnect feature.

If you choose not to participate in the CashConnect feature, please contact UBS at 1-877-871-4305.

If your RMA, Business Services Account BSA, Card(s) or enrollment in the Program is canceled, you will be allowed not less than 90 days following the effective date of account and/or cards services termination to redeem outstanding Points for gift cards or merchandise. Barclays reserves the right to close your Account without notice in the event your RMA or Business Services Account BSA is closed for any reason. In the event we close your UBS Visa Signature credit card account, you will have no more than 90 days to redeem your Points for gift cards or merchandise.

Information Sharing: Barclays and UBS Financial Services Inc. may share information to process my account and to update their records. Barclays and UBS Financial Services Inc. may share information including application data, approval status and transaction information. You have the opportunity to select the manner in which Barclays uses and/or shares information for marketing of products and services once our account is open. Barclays’ Privacy Policy is available online at www.BarclaycardUS.com. I agree that upon approval, Barclays will share information with UBS to the extent needed to administer the UBS Visa Signature credit card.

About Us and This Credit Card Program: This credit card program is issued and administered by Barclays Bank Delaware, located in Wilmington, Delaware. Any credit card account opened in response to this application shall be governed by the laws of the State of Delaware. Visa is a registered trademark of Visa USA, Inc. and is used by us pursuant to a license.

The information contained in these disclosures is accurate as of 04/2010 and may change after this date.

©2010 Barclays Bank Delaware

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68 UBS Visa Signature ® Credit Card Terms and Conditions UBS Charter Level

ACCOUNT SUMMARY TABLE

Interest Rates and Interest Changes Annual Percentage Rate (APR) 11.24% for Purchases This APR will vary with the market based on the Prime Rate.

APR for Balance Transfers 0%, introductory APR for the first six billing cycles after account opening.

After that, your APR will be 11.24%, based on your credit worthiness. This APR will vary with the market based on the Prime Rate.

APR for Cash Advances 31.24%

This APR will vary with the market based on the Prime Rate.

Penalty APR and When it Up to 30.24%, based on your creditworthiness. Applies This APR may be applied to your account if you: 1) Make a late payment; 2) Go over your credit limit; 3) Make a payment that is returned; or 4) Do any of the above on another account you have with us.

This APR will vary with the market based on the Prime Rate.

How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR will no longer apply to existing balances if you make the next 6 consecutive payments when due. The Penalty APR will apply to other balances indefinitely.

How to Avoid Paying Interest Your due date is at least 23 days after the close of each billing cycle. We will not charge on Purchases you interest on purchases if you pay your entire balance by the due date each month.

Minimum Interest Charge If you are charged interest, the charge will be no less than $2.00 ($0.50 for residents of Iowa at time of account opening).

For Credit Card Tips from the To learn more about factors to consider when applying for or using a credit card, visit the Federal Reserve Board website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.

31 Fees Annual Fee $0 Transaction Fees:

• Balance Transfer Either $10 or 4% of the amount of each transfer, whichever is greater. (During the first six billing cycles after account opening, either $5 or 3%; the maximum fee per transfer; $50, after that no maximum.)

• Cash Advance Either $10 or 3% of the amount of each cash advance, whichever is greater.

• The purchase of a money Either $10 or 3% of the amount of each transaction, whichever is greater. order, travelers’ check, foreign currency, lottery ticket, gambling chip, or wire transfer is a cash advance

• Foreign Transaction Waived

Penalty Fees:

• Late Payment Up to $35 (the amount of the fee varies by state, see below)

• Over-the-Credit-Line $0

• Returned Payment Up to $35 (the amount of the fee varies by state, see below)

How We Will Calculate Your Balance: We use a method called “daily balance (including new purchases)”. If you are a resident of Iowa at the time the account is opened, we use a method called “average daily balance (including new purchases)”.

Loss of Introductory APR: We may end your Introductory APR and apply the Penalty APR if you make a late payment.

Terms and Conditions Continued:

Fees that Vary by State: Late Payment Fee: Up to $35 ($15 for residents of Iowa at time of account opening). Returned Payment: Up to $35 ($15 for residents of Iowa at time of account opening).

Terms and Conditions Authorization: I understand that the use of any credit card account opened or any card issued in connection with this offer will constitute my acceptance of and will be subject to the terms and conditions of these Terms and Conditions and the Cardmember Agreement that will be sent to me. I agree to be responsible for all charges incurred according to the Cardmember Agreement. I understand that after my account is opened, the terms of my account are subject to change as provided in the Cardmember Agreement. I agree that if I am not approved for a Signature account that I may be approved for a Platinum account.

About Your Application and This Offer: Depending on our review of your application and your credit history, or if the income you report is insufficient based on your current obligations, we may be unable to open an account for you, or you may receive a Platinum card. Platinum benefits differ from Signature benefits. You also understand that if your application is approved for an account, the APR and the type of account that you receive will be determined based on your creditworthiness. Please review the materials provided with your Cardmember Agreement for more details. Omission of any information requested on this application may result in a denial of credit. This offer is available only to applicants who are permanent residents of the United States, with the exception of Puerto Rico. This offer may not be available to you if you already have or have had a Credit Card account with us.

Changes to Account and Benefits Terms: We reserve the right to change the APR and other account terms in accordance with the Cardmember Agreement, Delaware law and the Federal Truth in Lending Act. We also reserve the right to change the benefits and features associated with the card or the account.

About Your Credit Report and Your Credit Performance: You agree that Barclays has the right to obtain a current credit report in connection with our review of your application and, subsequently, in connection with a requested charge to any account with us, the renewal of your account, or a change in your credit line; and that we have the right to report to others our credit experience with you. Upon your request, we will tell you the

32 name and address of each consumer reporting agency from which we obtained a consumer report about you. After your account is opened, we will periodically review your credit performance. If you do not maintain your credit performance, we may change your account terms.

How the Variable APRs on Your Account will be Determined: The APRs on your account will be determined each billing cycle by adding a margin to the Prime Rate (which will be the highest rate published in the Money Rates column of The Wall Street Journal on the last business day of each month). See your Cardmember Agreement for more detail. The APRs noted above are current as of 08/02/2010 using a Prime Rate of 3.25%.

Important Information About Procedures for Opening a New Account: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means to you: When you apply for an account, we will ask for your name, street address, date of birth, social security number, and other information that will allow us to identify you. We may also ask to see copies of identifying documents.

Notice to Married Wisconsin Residents: No provision of any marital property agreement, unilateral statement under Section 766.59 of the Wisconsin statutes, or court order under Section 766.70 adversely affects the interest of the creditor, Barclays Bank Delaware, unless the Bank, prior to the time the credit is granted or an open-end credit plan is entered into, is furnished a copy of the Agreement, Statement or Decree, or has actual knowledge of the adverse provision. IF I AM A MARRIED WISCONSIN RESIDENT, CREDIT EXTENDED UNDER THIS ACCOUNT WILL BE INCURRED IN THE INTEREST OF MY MARRIAGE OR FAMILY.

Balance Transfers. Here’s How it Works: To request a balance transfer please enter the 15 or 16 digit account number from the MasterCard, Visa, American Express, or Discover Card account that you want us to process a balance transfer to. Upon approval of your application we will provide you with your Cardmember Agreement and to the extent permitted by your credit line we will process the requested balance transfer payment to the credit card account(s) which you have requested. If the total amount you request exceeds the assigned credit line on this account, we may either decline the request or send a partial payment to your creditor(s) in the order you provided them to us. The amount of available credit on this account will be reduced by the amount of the balance transfer and the related balance transfer fees. We reserve the right to decline to process any requested balance transfer. We will not process a request to transfer a balance from any other account you may have with us. Balance transfers incur interest from the transaction date and they do not have the same charge back rights as transactions conducted with a credit card.

A balance transfer may take up to 4 weeks to post to your other credit card accounts. Continue to pay each creditor until the balance transfer appears on the other account as a credit. If you would like to complete a balance transfer from another account that is not a Visa, MasterCard, American Express, or Discover card, please call the phone number on the back of your new credit card once you are approved.

Automatic Repayment of Cash Advances through CashConnect. The CashConnect feature on your UBS Visa Signature credit card account will automatically repay Cash Advances obtained from ATMs and financial institutions (“CashConnect Cash Advances”) with available funds from your UBS Resource Management Account® (RMA®) referred to as “UBS Account”. You will incur no interest charges on CashConnect Cash Advances, as long as there are sufficient available funds in your UBS Account to repay your CashConnect Cash Advance transaction in full when we first seek payment from your UBS Account. If sufficient available funds are not available in your UBS Account to pay off your CashConnect Cash Advances balance in full, then the Variable APR on Cash Advances (as listed in the Account Summary Table) will apply as of the original transaction date on any remaining balance. You will be charged the variable APR on Cash Advances on your remaining CashConnect Cash Advance balance until it is repaid in full. Applicable ATM surcharge fees may apply. No other account balances are paid through the CashConnect feature.

If you choose not to participate in the CashConnect feature, please contact UBS at 1-877-871-4305.

If your RMA, Card(s) or enrollment in the Program is canceled, you will be allowed not less than 90 days following the effective date of account and/or cards services termination to redeem outstanding Points for gift cards or merchandise. Barclays reserves the right to close your Account without notice in the event your RMA is closed for any reason. In the event we close your UBS Visa Signature credit card account, you will have no more than 90 days to redeem your Points for gift cards or merchandise.

Information Sharing: Barclays and UBS Financial Services Inc. may share information to process my account and to update their records. Barclays and UBS Financial Services Inc. may share information including application data, approval status and transaction information. You have the opportunity to select the manner in which Barclays uses and/or shares information for marketing of products and services once our account is open. Barclays’ Privacy Policy is available online at www.BarclaycardUS.com. I agree that upon approval, Barclays will share information with UBS to the extent needed to administer the UBS Visa Signature credit card.

About Us and This Credit Card Program: This credit card program is issued and administered by Barclays Bank Delaware, located in Wilmington, Delaware. Any credit card account opened in response to this application shall be governed by the laws of the State of Delaware. Visa is a registered trademark of Visa USA, Inc. and is used by us pursuant to a license.

The information contained in these disclosures is accurate as of 04/2010 and may change after this date.

©2010 Barclays Bank Delaware

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26 Additional Disclosures About Your UBS Account: Additional Disclosures

The UBS Rewards UBS Rewards Program accounts held in a particular capacity. A full copy of the Program is offered policy wording is available by asking your Financial Advisor. in connection with If you choose to participate in our UBS Rewards Program, the UBS American you can obtain the complete terms and conditions online at Neither the SIPC protection nor the supplemental Express Card and the www.ubs.com or by calling 800-762-1000 and requesting protection apply to: UBS Visa Signature them. (a) Certain financial assets controlled by (and included in credit card, and is a your account value) but held away from UBS Financial proprietary offering of The UBS Rewards Program is part of the UBS Card Services. For example certain: UBS Financial Services Program, which is an optional feature of eligible UBS (i) Cash at UBS Bank USA (please refer to the UBS Inc. It is separate from and independent of all Accounts. The UBS Card Program is a dual-card program Deposit Account Sweep Disclosure Statement) other rewards or points and features the UBS American Express ® Card, which is (ii) Insurance products including variable annuities, and programs (including, linked to Accounts with cash management features and (iii) Shares of mutual funds where shares are registered without limitation, both the UBS Visa Signature ® credit card, both issued by the directly in the name of the account holder on the Membership Rewards, Card Issuer. Both cards earn points in the UBS Rewards books and records of the issuer or transfer agent; offered by American Program that can be used for merchandise, travel and gift (b) Certain investment contracts or investment interests Express, and any other certificates. (e.g., limited partnerships and private placements) that Visa rewards program). are not registered under the Securities Act of 1933; and “Card Issuer” means If you are enrolled in the UBS Card Program, you are (c) Commodities contracts (such as foreign exchange and Barclays Bank Delaware, automatically enrolled in the UBS Rewards Program at no precious metal contracts), including futures contracts its successors and additional cost. “Points” are the measure used to value and commodity option contracts. assigns, or the issuer of rewards for redemption. You are eligible to earn Points as UBS Cards we appoint in long as your account is open and in good standing. The SIPC protection and the supplemental protection do our sole discretion. not apply to these assets even if they otherwise appear on If you have enrolled in either a Premier or Charter level your statements. The SIPC protection and the supplemental Your UBS American of the UBS Rewards Program you will be charged the protection do not protect against changes in the market Express Card(s) will be mailed to you under applicable Program Level Fee annually. It will be billed to value of your investments (whether as a result of market separate cover after your Account based on the level you select. Please refer to movement, issuer bankruptcy or otherwise). your Account has been the UBS Rewards Program terms and conditions for more approved. information about the benefits of the levels of the UBS Ask your Financial Advisor for more information about Rewards Program. SIPC. To obtain more information, including the SIPC For purposes of the brochure, you may also contact SIPC directly visit the SIPC section “Account Points are subject to the terms and conditions of the UBS website at www.sipc.org or calling (202) 371-8300. Protection,” all Rewards Program, which will be sent to you with your references to UBS Financial Services refer cards. These terms and conditions, including rules for UBS Financial Services is not a bank and does not represent to UBS Financial Services participation, Point issuance, redemption levels for awards itself as a bank; your account is not a bank account. Unless Inc. and UBS Financial and award offerings, may be changed, added, deleted or otherwise disclosed, securities and other investments held Services Incorporated of substituted at any time. The UBS Rewards Program may be through UBS Financial Services ARE NOT FDIC INSURED, Puerto Rico. terminated as described in the UBS Rewards Program terms ARE NOT BANK GUARANTEED, AND MAY LOSE VALUE. and conditions. Please read them carefully. Your Financial Advisor can work with you on titling your accounts in a UBS Financial Services Business Continuity Plan way that helps maximize Account Protection your SIPC protection and Because of the global nature of our business, UBS is subject makes sense for you. Securities Investor Protection Corporation to a wide range of threats that could significantly disrupt As a UBS client, your account(s) are covered by certain our various businesses around the world at any time. As a The levels of protections that would go into effect in the unlikely result, we have precautionary and reasonable measures in supplemental SIPC event that UBS Financial Services Inc. fails financially. place that comprehensively manage the risk and protect insurance are subject UBS Financial Services Inc. and UBS Financial Services client information, assets, business information and internal to change. Please go Incorporated of Puerto Rico are members of the Securities processes from events that we can neither predict nor to www.ubs.com/ accountdisclosures or Investor Protection Corporation (SIPC). SIPC provides control. refer to the back of your protection for your account(s) at UBS Financial Services for account statement for up to $500,000, including $250,000 for free cash balances. Our precautionary and reasonable measures, which we additional information. call the “UBS Business Continuity Program,” provide The SIPC asset protection limits apply to all of your reasonable assurance of our ability to respond to significant accounts that you hold in a particular capacity. For disruptions. The Program includes risk and impact analysis, example, if you have two individual accounts at UBS recovery strategies and requirements, crisis management Financial Services where you are the sole account holder contingency plans, along with business and technology and a third account where you are a joint account recovery plans. holder, the two accounts are protected under SIPC up to a combined $500,000 (not $500,000 each). Your joint UBS’s Business Continuity Program conforms to the account would be protected under SIPC separately for requirements of various regulatory agencies, including the $500,000. Financial Industry Regulatory Authority (FINRA) and the Securities & Exchange Commission (SEC). In addition, the UBS Financial Services, together with certain affiliates, has program is subject to and has been reviewed by various also purchased supplemental protection. The maximum regulatory authorities. amount payable to all clients collectively under the supplemental policy is $500 million as of December 10, We have built our program in a way that should permit us 2009; we will notify you if the amount of supplemental to recover and resume operations within predefined time coverage changes. Subject to the policy conditions and frames following a major incident such as power outages, limitations, cash at UBS Financial Services is further natural disasters, pandemics or other situations. protected up to $1.9 million in the aggregate for all your

35 About Your UBS Account: Additional Disclosures Our Program’s Priorities We purchase dividend reinvestment shares on your behalf In designing the program, we seek to achieve the following by one of two methods: goals. • Through the UBS Dividend Reinvestment Program in open market transactions or from our inventory, or • Protect client assets, maintain the integrity of their • Through the DTC Dividend Reinvestment Program. personal information and ensure they have prompt access to funds and securities Reinvestment Methods • Ensure the welfare and safety of our staff • Provide governance to ensure effective decisions, For purchases made on the open market or from communications and guidance our inventory, we aggregate all dividends from your • Resume critical business processes and essential activity designated, eligible securities and purchase enough shares in a timely and effective manner to complete those transactions for you. These reinvestment transactions will be completed on the dividend payable To accomplish this, we have established the following date. You may receive an average price per share of the protocols. reinvestment purchase for each eligible security, if the shares are purchased in multiple transactions on multiple • Information technology backup and recovery procedures exchanges or through similar methods. • Crisis management teams to effectively provide command and control For reinvestments made through DTC, we send the funds • Specific communication and escalation procedures to be reinvested to DTC, which purchases whole shares on • Alternate office locations and remote access your behalf, consistent with its standard program and each • Regular testing, both internal and external, to validate company’s particular dividend reinvestment plan. the effectiveness of the plans The sale of shares to generate cash to pay residual balances We also have instituted a comprehensive Pandemic may involve a small difference, positive or negative, Preparedness program. Globally, our planning considers between the dividend reinvestment price supplied by the guidance suggested by international agencies, government company and the market price at which the fractional and non-government regulatory bodies such as the World shares are sold. Generally, because of processing time, Health Organization. reinvestments made through DTC may take 10 to 15 business days after the dividend payment date. The While UBS Financial Services continually assesses, updates, price per share you receive may be an average price in and tests its Business Continuity Plans, no contingency accordance with the terms of the company’s plan. plan can eliminate all risk of service disruption. Our ability to resume critical functions is also dependent upon the Although we try to ensure that reinvestment will be Business Continuity Plans established by third parties, completed within the targeted time frames, extraordinary including exchanges, vendors and financial service industry market conditions or other circumstances could cause the utilities. reinvestment process to be delayed or suspended.

Monitoring Transactions UBS Dividend Reinvestment Program Disclosure Statement Your Financial Advisor will have information about your dividend payments and subsequent reinvestment Through the UBS Dividend Reinvestment Program, you transactions the day after we purchase your shares. At that You can reinvest the can reinvest the dividends you receive for eligible common time, you may call your Financial Advisor to request the dividends you receive and preferred stocks, closed-end funds, real estate information. Transactions will be reflected on your account from eligible securities investment trusts and master limited partnerships listed on statement, along with any necessary information about in your Account through the UBS several major stock exchanges or quoted on the National each dividend reinvestment transaction. We do not provide Dividend Reinvestment Association of Securities Dealers Automated Quotation individual trade confirmations for dividend reinvestment Program. To enroll in the Service (Nasdaq). UBS also offers dividend reinvestment for transactions, as we do for other transactions. program or to change certain unit investment trusts, which permits you to invest dividend reinvestment those dividends in shares of designated UBS Global Asset If the dividends paid to you are ordinarily subject to instructions, call your Management (US) Inc. mutual funds. (Prospectuses for taxation, they will continue to be taxable regardless of Financial Advisor. these funds are available from your Financial Advisor.) whether they are credited to the Account in cash or reinvested. We recommend that you consult a qualified tax The Depository Trust Company or DTC is a We can also reinvest dividends from certain other securities advisor to review any questions about participating in the member of the U.S. for you through the Depository Trust Company (DTC), in Dividend Reinvestment Program. Federal Reserve System; some instances, at a discount. We currently do not charge a limited-purpose trust commissions or fees for you to purchase securities through company under New this program. Eligible securities must be held in “street Revenue Sharing York State banking name” (which means UBS Financial Services Inc. holds law; and a registered them for your benefit and for your account) in order to In addition to sales loads, 12b-1 fees and processing fees, clearing agency with the participate in this program. Contact your Financial Advisor UBS receives other compensation from certain distributors Securities and Exchange Commission. to enroll in dividend reinvestment, either for all eligible or advisors of mutual funds that we sell. These separate securities or for specific securities, or to change or cancel compensation amounts (commonly referred to as “revenue your enrollment. Your enrollment and any changes will sharing”) are based on two components (i) the amount of become effective within a reasonable time after we receive sales by UBS of a particular mutual fund family to our clients your instructions. (excluding sales through wrap-fee programs), and (ii) the asset value of a particular mutual fund family’s shares We credit cash dividends you receive from eligible securities held by our clients at UBS. We require these payments to be (less any required withholding) to your Account on the date made directly from the distributor or advisor, and not from they are paid. We debit reinvestable dividends from eligible the mutual funds or indirectly through mutual fund portfolio securities in your Account on the date received and use trading commissions, because revenue sharing payments are them to purchase additional shares of the same security. intended to compensate us for ancillary services related to sales of mutual fund shares. Revenue sharing compensation As we cannot purchase fractional shares, a specific number will not be rebated or credited to you. of whole shares plus a cash credit for any residual balance from the dividend payment will be credited to your Updated and current information on these Account at the end of the reinvestment process. arrangements is available on our website, at www.ubs.com/mutualfundrevenuesharing.

36 About Your UBS Account: Additional Disclosures Payment For Order Flow Tax Forms for non-U.S. clients If income earned in your Order flow refers to the process by which your orders are accounts is effectively connected with a U.S. executed. Seeking to execute a client’s order at the best In General trade or business, available price, a brokerage firm may execute the order as then you may have to principal, or may route the order to an affiliated or non- To adhere to appropriate regulations, certain UBS clients complete a Form W-8ECI affiliated broker-dealer or exchange specialist for execution. must complete an appropriate U.S. tax form and return it instead of a Form The Securities and Exchange Commission requires all to us. For most non-U.S. clients, the appropriate form is W-8BEN. brokerage firms, including UBS, to inform their clients as to the Form W-8BEN, which is available from your Financial whether they receive payment for order flow. Advisor. For other clients, the appropriate form may be a Please consult a qualified Form W-8IMY or a Form W-8EXP. Form W-8IMY and Form tax advisor as to whether Form W-8ECI is the We do not receive any payments for order flow W-8EXP and corresponding instructions for completing appropriate form for from any broker or dealer, national securities exchange, them are available from your Financial Advisor. your particular situation. registered securities association or exchange member to Following are descriptions of these forms and summaries You do not need which we route our client orders for execution. of instructions on how to complete them. Please review to provide a Tax the official instructions that accompany the forms and/ Identification Number or consult a qualified tax advisor to help determine (TIN) unless you want which form you should complete and for more detailed to claim the benefits information and instructions. Neither UBS nor its Financial of an international tax treaty on certain types Advisors provide tax or legal advice. of income. Examples of income include dividends from stock that is not actively traded and dividends from an Who should complete unregistered mutual Form this form Purposes Summary of Instructions fund. Refer to the official instructions for Form The beneficial owner of the • Represents that you are • Part I: Provide your name, how to obtain a TIN, if W-8BEN income earned in an account, a foreign person and the address and whether you necessary. when the income is not effectively beneficial owner of the income are an individual or entity. connected with the conduct of a earned in an account. This You generally do not need A “complex trust” is a U.S. trade or business. may avoid U.S. withholding tax to provide a taxpayer trust that is neither a on portfolio interest income. identification number (TIN). “grantor trust” nor a If the Account is owned by a • Claims the benefits of a tax If you have more than one “simple trust.” Each of the other trust types is “complex trust” or an estate. treaty between the U.S. and account, you should provide all discussed below. your country of residence. account numbers on this form. • Avoids U.S. information • Part II to claim the benefit of a A TIN is necessary reporting and backup tax treaty. only if you are a withholding on certain types • Part IV: Provide your signature “qualified” intermediary, of income including broker (or that of an individual a “withholding” trust proceeds, short-term original authorized to sign) in. or a “withholding” issue discount, bank deposit • If an account is owned jointly, partnership. interest, and foreign source each joint owner should If the person for whom interest, dividends, rents and complete a separate W-8BEN. you are an intermediary royalties. is a U.S. citizen, the citizen should complete Form If you are not the beneficial • Represents that you are a • Part I, provide the name, a Form W-9 -- not a W-8IMY owner of the income earned in foreign person and that you characterization for tax Form W-8BEN. an account, and if the Account are an intermediary receiving purposes and address of the is owned by a “grantor trust”, income on behalf of the Account. Generally, you need These are the “simple trust”, partnership, beneficial owner. not provide a TIN. If you have requirements if you agent, custodian or nominee with more than one account, you are a “nonqualified” respect to such income. should provide all account intermediary. Most numbers on this form. intermediaries are “nonqualified” • Check off Parts II, III, V intermediaries. or VI depending on the characterization of the To become a “qualified” Account for tax purposes. intermediary, the • Part VII: Provide a signature. intermediary must enter into an agreement with the U.S. Internal Revenue Service (“IRS”). A “qualified intermediary” generally would be permitted to provide less detailed information to us than a “nonqualified intermediary.”

37 About Your UBS Account: Additional Disclosures In general, a “grantor Additional Forms and Information If You are part of a Partnership —Each partner should trust” is a trust in which Characterization for tax purpose—When you use complete a Form W-8BEN and submit it to you. You a grantor or settlor retains certain interests a Form W-8IMY, you generally should provide us with should provide UBS with a statement that sets forth how or over which he or she additional information depending on the account’s the income earned in an account is allocated among retains certain powers characterization for tax purposes. Following is a summary such partners. You should also provide UBS with certain which cause him or of the additional information that may be required, as information about the nature of such partners by sending her to be treated as well as various characterizations that you may use for us the Forms W-8BEN (or other appropriate forms) that the owner of the trust tax purposes. Form W-8IMY is complex. We recommend you received from such partners or by including such property for U.S. income that you seek advice from a qualified tax advisor when information on the statement that sets forth the allocation tax purposes. completing this form. of income among such partners. In general, a “simple trust” in any taxable year If you are an agent, custodian or nominee is a trust that (i) requires (“intermediary”)—Have each person for whom you are Special Risks to You and Your Heirs all of its income to be an intermediary complete a Form W-8BEN or other The heirs of non-resident foreigners who die holding distributed currently; (ii) appropriate form and submit it to you. You should provide investments in the U.S. may be subject to substantial U.S. makes no distributions us with a statement that sets forth how the income earned estate taxes. Whether or not U.S. estate taxes will be out of corpus in such in an account is allocated among such persons. You should imposed depends on: year and (iii) does not also provide us with certain information about the nature (i) Whether the assets in which he or she invested are provide for any amounts to be paid to or set side of such persons, either by sending us the Form W-8BEN or deemed to have U.S. situs, which is described below for charity. other appropriate form (W-9, W-IMY, W-8EXP) that you (ii) The total value of his or her investments, and received from such persons or by including this information (iii) The provisions of the tax treaty (if any) between the If the grantor or on the statement that sets forth the allocation of income U.S. and his or her country of domicile, among other beneficiary is a U.S. among such persons. things. person, then he or she should complete a Form If the Account is owned by a “Grantor Trust” or “Simple Note that whether or not certain assets will be deemed to W-9 instead of a Form —Have each grantor of the Grantor Trust and each have a U.S. situs is complicated and in many cases counter W-8BEN. Trust” income beneficiary of the Simple Trust complete a Form intuitive. Generally, cash and debt obligations held as These are the W-8BEN and submit it to you. You should provide us with investments and not in connection with a U.S. trade or requirements for “non- a statement that describes how the income earned in an business are usually not considered to have a U.S. situs for withholding” trusts. account is allocated among such grantors and beneficiaries. U.S. estate tax purposes. On the other hand, stock of U.S. Most trusts are “non- You should also provide us with certain information about corporations will generally be deemed to have a U.S. situs. withholding” trusts. To the nature of such grantors and beneficiaries, either by become a “withholding” sending us the Forms W-8BEN (or other appropriate forms) If U.S. estate taxes do apply, the distribution of a trust, the trust must that you received from such grantors and beneficiaries or foreigner’s assets to his or her heirs may be delayed enter into an agreement with the U.S. Internal by including such information on the statement that sets significantly. Neither UBS nor its Financial Advisors provides Revenue Service (“IRS”). forth the allocation of income among such grantors and tax or legal advice. For a more complete explanation of the beneficiaries. U.S. estate tax system and appropriate tax planning, we If the partner is a U.S. recommend that you consult a qualified tax advisor. citizen, then the partner should complete a Form W-9 instead of a Form W-8BEN.

These are the requirements if you are a “non-withholding” partnership. Most trusts are “non-withholding” partnerships. To become a “withholding” partnership, the partnership must enter into an agreement with the U.S. Internal Revenue Service (“IRS”).

Even if a tax treaty applies and reduces the amount of U.S. estate tax, a foreigner’s executor will be required to file a U.S. estate tax return to claim the treaty benefits.

38 UBS Deposit Account Sweep Program About Your UBS Account: Deposit Account Sweep Program

We refer to funds on Summary Bank sets different interest rates for different “tiers” of deposit in the Deposit UBS clients. These interest tiers are based upon the total Accounts as “Deposited Under the UBS Deposit Account Sweep Program (the amount of eligible assets by Marketing Relationship that a Funds.” “Program”), free cash balances in eligible securities client holds with the Bank and UBS. accounts at UBS Financial Services Inc. and UBS Financial Throughout this Services Incorporated of Puerto Rico (collectively “UBS”) Clients with higher total eligible Marketing Relationship disclosure statement, are automatically deposited into interest bearing deposit assets will generally receive higher interest rates on “Program” refers to the accounts (the “Deposit Accounts”) at UBS Bank USA Deposited Funds than clients with lower total eligible UBS Deposit Account Sweep Program (Member FDIC) (the “Bank”). Marketing Relationship assets. Based on a historical described here. comparison of interest rates paid by the Bank and yields on alternative cash sweep options, clients with The “Bank” is UBS Bank FDIC Deposit Insurance, No SIPC Protection and Cap total eligible Marketing Relationship assets of less USA Election than $500,000 should expect to receive interest rates on their Deposited Funds which are substantially Deposited Funds will be eligible for federal deposit lower than the prevailing rate of return of alternative insurance from the Federal Deposit Insurance Corporation cash sweep options for their UBS accounts. Interest (the “FDIC”) up to $250,000 per depositor (including rates paid on the Deposited Funds may change daily. principal and accrued interest) for each insurable capacity Information regarding current interest rates on the Deposit (for example, individual, joint, etc.). Accounts and available alternative sweep options is available on line at www.ubs.com/sweepyields or by calling For example, deposits held by one individual will have an your Financial Advisor. For more detailed information on the FDIC insurance limit of $250,000, and a joint account items covered in this summary section, see “Interest Rates” owned by two individuals will have an FDIC insurance limit and “Alternatives to the Deposit Account Sweep Program”. of $500,000, in accordance with FDIC rules. For deposit insurance purposes, deposit accounts (including certificates of deposit issued by the Bank) that you may establish in the Financial Benefits to UBS Financial Services Inc. and same insurable capacity directly with the Bank or through Conflicts of Interest an intermediary, such as UBS, will be aggregated with the Deposit Accounts you establish through the Program in the UBS Financial Services Inc. receives an annual fee of up to same insurable capacity. The extent of, and limitations on, $25 from the Bank for each UBS securities account that federal deposit insurance are discussed in the section titled sweeps into a Deposit Account at the Bank. In addition, “FDIC Deposit Insurance.” Neither UBS, the Bank nor their UBS Financial Services Inc. and certain of its affiliates affiliates will monitor the amount of your Deposited Funds provide operational, investment advisory, sales and to determine whether those amounts exceed your FDIC marketing, loan servicing, technology and other support insurance limits. You are responsible for monitoring the services to the Bank, and receive compensation for those total amount of your funds on deposit with the Bank services. Like other depository institutions, the profitability in order to determine the extent of deposit insurance of the Bank is determined in large part by the difference coverage available to you on those deposits, between the interest paid and other costs incurred by it on including deposits in the Deposit Accounts. its deposits, and the interest or other income earned by the Bank on its loans, investments and other assets. Like other Unlike your UBS securities account, the Deposit Accounts depository institutions, the Bank improves its profitability are not protected by the Securities Investor Protection to the extent that it can lower the interest rates and fees Corporation (“SIPC”). SIPC provides protection for your paid on its deposits, including the Deposit Accounts. The securities account(s) at UBS for up to $500,000 per Bank has no obligation to pay interest based upon the customer, including a maximum of $250,000 for free Bank’s profitability or the income earned on Bank loans, cash balances at UBS in the unlikely event that UBS fails investments or other assets. For more detailed information financially. The SIPC insurance limits apply to all accounts on the items covered in this summary section, see “Your that you hold in a particular capacity. For more information Relationship With UBS and UBS Bank USA” and “Benefits on SIPC coverage please contact your Financial Advisor. to UBS and its Affiliates.”

You may elect to place a limit or “cap” on the amount of cash that will be swept into the Deposit Accounts. The limit Your Alternatives you may elect is $100,000 or more for an individual UBS account, and $200,000 or more for a joint UBS account. If If you are eligible to participate in the Program but do not you have multiple accounts in the same insurable capacity wish to have your available cash deposited with the Bank (for purposes of the FDIC insurance rules) at UBS, or if you through the Program, you may elect at any time to have hold other deposits (including certificates of deposit) at the your available cash automatically swept without limit into Bank, you may exceed the applicable FDIC insurance limits a tax-exempt UBS Money Market Fund or, for Puerto Rico even if you have placed a limit on the amount of cash that residents only, into the Puerto Rico Short Term Investment will be swept from those accounts into Deposit Accounts. Fund, Inc. Please note that clients with Basic Investment Accounts, IRAs and IRA-RMAs are not eligible to select a For more detailed information on the items covered in this tax-exempt sweep fund. summary section, see “Introduction”, “How the Program Works”, and “FDIC Deposit Insurance”. UBS also offers a number of investment products that you may wish to consider as alternatives to maintaining cash If you have questions deposits at the Bank through the Program. Your investment about interest rates Interest Rates objectives, liquidity needs and risk tolerance should be paid on your Deposit considered in reviewing these alternatives. Some of these Accounts or rates of Interest rates paid on your Deposited Funds are determined alternatives may pay an interest rate or dividend that is return on other sweep by the Bank in its discretion based upon a variety of higher than the rate you receive on the Deposit Accounts. options, call your factors, including economic and business conditions. The While deposits in the Deposit Accounts, certificates of Financial Advisor.

39 About Your UBS Account: Deposit Account Sweep Program Your “Deposit Accounts” deposit and any other available deposit products offered CAP Election are interest-bearing by FDIC-insured depository institutions are covered by FDIC FDIC-insured transaction and money market insurance up to the applicable FDIC insurance limits, other You may place a limit, or “cap” on the amount of cash deposit accounts opened investment alternatives, such as money market mutual balances that will be swept into the Deposit Accounts by for you at the Bank. funds, are not FDIC-insured, are not guaranteed by a bank, contacting your Financial Advisor. The cap may be set at and may lose value. For more detailed information on the $100,000 or more for individual accounts and at $200,000 items covered in this summary section, see “Alternatives to or more for joint accounts (in each case, on a per-account “Free cash balances” the Deposit Account Sweep Program”. basis). If you choose a cap, amounts in excess of the cap include immediately will be swept into the UBS money market or other fund available funds not that you select from those offered by UBS for this purpose required to pay debits or charges to your Account. Introduction (the Sweep Funds”) without limit. For accounts that exceed the cap amount at the time the cap is elected, UBS will “Business days” are Resource Management Accounts (RMAs), IRA-RMAs, rebalance your Deposit Account to the cap level on the Monday through Friday. Business Services Account BSAs (BSAs), Coverdell Education following business day. Please be aware that the monthly Bank holidays in the Savings Accounts, and Individual Retirement Accounts interest accrued on the Deposit Accounts, will be credited State of New York of Eligible Participants are automatically enrolled in the on the fifth business day of each month (as of the fourth and New York Stock Program unless you have selected one of the other sweep business day of each month) and will not be subject to the Exchange holidays are options available. The other options are discussed in the cap. In this case, UBS will rebalance your Deposit Account not business days. section titled “Alternatives to the Deposit Account Sweep to the cap level on the day following the interest posting. “Sweep Funds” include; Program” below. During the intervening time, your Deposit Accounts may • UBS RMA Money exceed your cap level. Following the establishment of your Market Funds The Program will make the Deposit Accounts (a transaction cap, your election of a cap and your cap level will appear • UBS Retirement account (TA) and a money market deposit account (MMDA)) on your UBS periodic account statement. Money Fund and available to you at the Bank. Each business day, as long as • Puerto Rico Short all debits and charges to your Account have been satisfied, Prospectuses for the available Sweep Funds are Term Investment the free cash balances in your Account will automatically enclosed with this booklet; are available online at Fund, Inc. be transferred (“swept”) to your Deposit Accounts at the www.ubs.com/sweepyields, or may be obtained by These are fully described Bank, where they will be covered by FDIC insurance within contacting your Financial Advisor. An investment in a in the prospectuses applicable limits (see the “FDIC Deposit Insurance” section money market fund is not insured or guaranteed by the found with this booklet. below). We will sweep free cash balances of $1.00 or more FDIC or any other government agency. Although each from RMAs, or balances of $.01 or more from IRAs, into money market fund seeks to preserve the value of your For more information, your Deposit Accounts at the Bank without limit. investment at $1.00 per share, it is possible to lose money contact your Financial by investing in the money market funds. Money Market Advisor. By signing your UBS Client Relationship Agreement, you funds are sold by prospectus. Investors should consider Consider your investment authorize us to sweep funds to and from your Accounts the investment objectives, charges, and expenses and risk objectives, liquidity into Deposit Accounts at the Bank or into the other sweep factors carefully before investing. The prospectus contains needs and risk tolerance options you have chosen. this and other information. Please read it carefully before when you review any you invest. alternatives to the As required by federal banking regulations, the Bank Program. Some of reserves the right to require seven days prior notice before Please note that you will be responsible for them may carry a rate permitting a transfer of funds out of the Deposit Accounts. monitoring the total amount of deposits that you of return that is higher The Bank has no intention of exercising this right at the have with the Bank in order to determine the extent than that of the Deposit Accounts, but are not present time. of deposit insurance coverage available to you. FDIC-insured, are not Neither UBS nor UBS AG will be responsible for any guaranteed by a bank, insured or uninsured portion of the Deposit Accounts. and may lose value. Eligibility Please be aware that because UBS’s offer of a “cap” is on a per-account basis, if you have multiple accounts For more information, The Program is available only to individuals, trusts (as at UBS held in the same insurable capacity that sweep contact your Financial long as all beneficiaries of the trust accounts are natural into the Bank, or if you hold other deposits at the Advisor. persons or nonprofit organizations), sole proprietors and Bank (including CDs), you may exceed the applicable governmental entities (each an “Eligible Participant”). FDIC insurance limits even though you have elected Custodial accounts are eligible for the Program if each to cap the amount of cash balances that will be swept beneficiary is an Eligible Participant. Note, however, that into the Deposit Accounts. In this case, once cash in an Eligible Participant will be considered by UBS (at its your accounts exceeds the applicable FDIC insurance discretion) to be a non-Eligible Participant if UBS becomes limit (including) principal and accrued interest), then aware that the entity is prohibited as a matter of law from your aggregate funds on deposit with the Bank will holding funds at the Bank. exceed FDIC insurance coverage limits. Although deposits placed at the Bank in connection with the Other entities organized or operated to make a profit, such Program will be covered by FDIC insurance as, and to as corporations, partnerships, limited liability companies, the extent, described below, interests in the Sweep associations, business trusts or other organizations are Funds are not bank accounts and are not protected by not eligible for the Program. In addition, the Program is the FDIC. Balances in the Sweep Funds are covered by not currently available to certain specified types of clients SIPC and excess SIPC insurance obtained by UBS for including: your benefit. For more information on SIPC coverage, • Nonprofit organizations, including organizations described please contact your Financial Advisor. in sections 501(c)(3) through (13) and (19) of the Internal Revenue Code of 1986, as amended (the “Code”), • Estates, Alternatives to the Deposit Account Sweep Program • Those enrolled in Investment Solutions programs (other than PACE and Employee Self-Directed Accounts), If you are eligible to participate in the Program but do not • Private Wealth Solutions Clients, wish to have the free cash balances in your Account(s) • Those who are not residents of the United States or deposited with the Bank through the Program, you • Retirement plans qualified under Section 401(a) (other may elect to have your available free cash balances than IRAs established under the Code) or Section 403(b) automatically swept into a tax-exempt Sweep Fund. The (7) of the Code or under any other employee retirement following tax-exempt Sweep Funds are currently available or welfare plan subject to the Employee Retirement for free cash balances from an RMA: Income Security Act of 1974, as amended (“ERISA”). • UBS RMA Tax-Free Fund Inc. Please ask your Financial Advisor for additional details • UBS RMA California Municipal Money Fund concerning eligibility. • UBS RMA New Jersey Municipal Money Fund

40 About Your UBS Account: Deposit Account Sweep Program • UBS RMA New York Municipal Money Fund Withdrawal Procedures • The Puerto Rico Short Term Investment Fund, Inc. As your agent, UBS Financial Services Inc. will make the State-specific municipal funds are intended for residents necessary withdrawals from your Deposit Account to satisfy of those states only. The Puerto Rico Short Term debits or charges in your Account. Debits are amounts due Investment Fund, Inc. is offered exclusively to Puerto Rico to UBS on settlement date for securities purchases as well residents as defined in the Fund’s prospectus. The Fund as other debits and fees from your Account, including, is not a money market fund registered under the U.S. without limitation, margin loans and fees. Charges Investment Company Act of 1940, does not comply with are amounts due to UBS for checks, bill payments and rules applicable to U.S. registered funds and presents a electronic funds transfers, UBS American Express Card higher degree of risk than those funds. The Fund is sold purchases and cash withdrawals. No debits or charges, by prospectus only, is NOT FDIC-INSURED, NOT BANK including, without limitation, charges resulting from GUARANTEED, AND MAY LOSE VALUE. check writing, will be drawn directly against your Deposit Account. You may elect a tax-exempt Sweep Fund when you open your Account or by contacting your Financial Advisor at any As required by federal banking regulations, the Bank time. Please note that Basic Investment Accounts, IRAs, and reserves the right to require seven days prior notice before IRA RMAs are not eligible to select a tax-exempt Sweep permitting a transfer of funds out of the Deposit Accounts. Fund. The Bank has no intention of exercising this right at the present time. UBS also offers a number of investment products that you may wish to consider as alternatives to maintaining cash Subject to the terms set forth in the section titled deposits at the Bank through the Program. Consider your “Withdrawals,” under the General Terms and Conditions investment objectives, liquidity needs and risk tolerance of this Agreements and Disclosures booklet, the funds when you review these alternatives. Some of these necessary to satisfy the debits or charges in your Account alternatives may pay an interest rate or dividend that is will be obtained in the following order: higher than the rate you receive on the Deposit Accounts. • First from available cash balances in your Account While deposits in the Deposit Accounts, certificates of • Then by liquidating any Taxable Fund holdings you may deposit and any other available deposit products offered have. by FDIC-insured depository institutions are covered by – If you own shares in more than one Taxable Fund, FDIC insurance up to applicable limits, other investment shares of your current Taxable Fund will be sold first. alternatives, such as money market mutual funds, are not – Shares in any other Taxable Funds will be sold, if FDIC-insured, are not guaranteed by a bank, and may lose necessary, in the following order: value. – first, UBS RMA Money Market Portfolio; – second, UBS RMA U.S. Government Portfolio; – third, UBS Cashfund Inc.; and How the Program Works – fourth, UBS Retirement Money Fund.

Deposit Procedures • If funds from these sources are insufficient, withdrawals When cash balances in your UBS securities account are will be made from your TA maintained through the first available to be swept to the Bank (as described in the Program. Important Information About Your New Account booklet), • If funds in your TA are insufficient, funds in your MMDA “TA” means a UBS, acting as your agent, will open a TA and an MMDA will be transferred to your TA to satisfy the debit or transaction account. on your behalf at the Bank. Acting as your agent, UBS charge. will deposit available cash balances into your MMDA at • If funds are still insufficient, withdrawals will be made “MMDA” means a the Bank (so long as all debits and charges to your UBS from your Tax-Exempt Sweep Funds. If you should own money market deposit securities account are satisfied). Periodically, UBS will shares in more than one Tax-Exempt Sweep Fund, shares account. transfer funds from your MMDA to your TA as necessary of your current Tax-Exempt Sweep Fund will be sold first. to satisfy debits received in your UBS securities account Shares in any other Tax-Exempt Sweep Funds will be “Taxable Funds” include the UBS RMA Money (for example, for securities purchases, checking and debit sold, if necessary, in the following order: Market Portfolio, card activity, etc.). Transfers from the MMDA to the TA – first, UBS RMA Tax-Free Fund Inc.; the UBS RMA U.S. and withdrawals from the TA are discussed below under – second, UBS RMA California Municipal Money Fund, Government Portfolio, “Withdrawal Procedures.” UBS RMA New Jersey Municipal Money Fund, UBS the UBS Cashfund Inc. RMA New York Municipal Money Fund and Puerto and the UBS Retirement Contact your Financial Advisor if, at any time, you would Rico Short Term Investment Fund, Inc., as applicable. Money Fund. like to withdraw your funds from the Bank, close your – Finally, to the extent possible, the debit or charge Account with the Bank and designate the Bank as ineligible will be satisfied out of your Account’s available “Tax-Exempt Sweep Funds” include the UBS to receive future deposits, or if eligible, choose a tax- margin, if your Account has margin. RMA Tax-Free Fund Inc., exempt Sweep Fund. the UBS RMA California To reduce the number of transfers between your MMDA Municipal Money Fund, Additional depository institutions may be added to the and TA, UBS Financial Services Inc. may, at some time in the UBS RMA New Jersey Program in the future. We will notify you in advance of any the future, elect to maintain a threshold balance in your TA Municipal Money Fund, such addition and give you the opportunity to designate based upon the amount of debit activity in your Account. the UBS RMA New York a new depository institution as ineligible to receive your You will earn the same rate of interest and receive the Municipal Money Fund deposits before any funds are deposited into a new same level of FDIC insurance coverage regardless of the and Puerto Rico Short Term Investment Fund, depository institution. allocation of your funds between your MMDA and TA. Inc. If the Bank no longer makes the Deposit Accounts available Federal banking regulations generally limit the transfers through the Program, you will be notified by UBS and from an MMDA to a total of six (6) during a monthly subject to the policies of the Bank, given an opportunity statement cycle. At any point during a month in which to establish a direct depository relationship with the Bank transfers from your MMDA have reached the applicable outside of the Program. The consequences of maintaining limit, all funds will be transferred from your MMDA to the a direct depository relationship with the Bank are discussed related TA until the end of the month. At the beginning below under “Your Relationship with UBS and UBS Bank of the next month, funds on deposit in your TA will be USA.” transferred to your MMDA, less any threshold balance we elect to maintain. The limit on MMDA transfers will not limit the number of withdrawals you can make from funds on deposit at the Bank.

41 About Your UBS Account: Deposit Account Sweep Program If you have questions The order in which your debits and charges are satisfied Accounts with monthly statements that are sent to the about interest rates will be applied regardless of any prevailing yield differential same address in a single envelope (known as a statement paid on your Deposit Accounts or rates of between the relevant sweep options (for example, your household) or common Taxpayer Identification Numbers. return on other sweep Sweep Fund and your Deposit Account). As a result, it is Please note, if you hold Accounts in our UBS International options, call your possible that a higher-yielding sweep option will be debited division, the assets in these accounts are excluded from the Financial Advisor. before a lower-yielding sweep option. eligible assets in a Marketing Relationship and cannot be combined with Accounts you may have at UBS Financial For more information Services Inc. or UBS Financial Services Incorporated of about householding Interest Rates Puerto Rico. rules, contact your Financial Advisor. As discussed above, the Bank will pay the same rate of • Accounts that share the same name, address and Social Not all assets qualify as interest on your TA and MMDA. Interest rates will be Security or Tax ID Number are automatically placed in Marketing Relationship established periodically based on prevailing business and the same statement household. assets (for example economic conditions, as well as the nature and scope of • Accounts that share only the same address will be placed restricted stock is your relationship with us. in the same statement household with the express ineligible). For more consent of all of the Account holders. information, contact The Bank sets different interest rates for different “tiers” • Accounts in one statement household can be combined your Financial Advisor. of Bank clients. The Bank’s interest rates are tiered based with Accounts in a second statement household if: With UBS Online Services upon the total amount of eligible assets by Marketing – The primary Social Security or Tax ID Number on an you can view your UBS Relationship that a client holds with the Bank and UBS. Account in the first statement household matches Account information and Generally, clients in higher eligible asset tiers will receive the primary Social Security or Tax ID Number on an monitor balances in your higher interest rates than those in lower eligible asset tiers. Account in the second statement household. Deposit Accounts at the The Bank’s eligible asset tiers are: – Or, the primary Social Security or Tax Number on Bank online at any time. an Account in one statement household matches a To enroll, contact your Interest Rate Tiers secondary Social Security or Tax ID Number in the Financial Advisor. UBS $10 million and more second statement household, and each Account in Online Services is free of charge for all Accounts. $2 million to $9,999,999 both statement households share the same nine- $1 million to $1,999,999 digit ZIP code. $500,000 to $999,999 $250,000 to $499,999 In certain circumstances, additional householding criteria less than $250,000 may be applied. We reserve the right, in our sole discretion, to grant exceptions to our householding policy. If you The Bank reserves the right to change its eligible asset tiers have different Accounts that cannot be combined into a at any time without notice. statement household for any reason, if you would like to determine the household status of your Accounts, or if you Depending upon the amount of eligible assets you would like to add Accounts to your household, contact hold with UBS on a Marketing Relationship basis, your Financial Advisor. interest rates paid on your Deposit Accounts may exceed, meet or be lower than the prevailing rate of Treating Accounts as part of a single household relationship return of the Sweep Funds. does not result in the commingling of any assets held in the Accounts. For more information please contact your The interest rate will be set by the Bank each business Financial Advisor. day and will apply to balances in the Deposit Accounts for that day and on any successive non-business days. The The Value of Your Eligible Marketing Relationship Assets interest rate applicable to the Deposit Accounts will be made available on the next business day following the day The value of your eligible Marketing Relationship assets will when the interest rate is set. Interest will accrue on Deposit be calculated at each calendar month-end. This valuation Account balances from the day funds are deposited at will then be used to set your interest rate tier level for the Bank through the business day preceding the date of the interest period beginning on the fifth business day withdrawal from the Bank. Interest on account balances of the immediately following month. If you establish a will be accrued daily, rounded up or down each day to new Account that is not part of an existing Marketing the nearest $0.01. As a result, balances in the Deposit Relationship, in most cases your Account will be placed Accounts that earn daily total interest of less than in the asset tier of $500,000 to $999,999 until the value half a cent will not accrue any interest. Interest will of your eligible Marketing Relationship assets is calculated be compounded daily and credited on the fifth business at the end of the following calendar month. However, day of each month (as of the fourth business day of each if you have a pre-existing relationship with UBS, your month). Please note that due to year-end processes, in account will be placed in the asset tier applicable to the addition to the regular crediting of interest in January of amount of eligible assets actually held in your account as each year, interest will also be credited on the first business of the prior calendar month-end. Based on a historical day of January (as of the last business day in December). comparison of interest rates paid by the Bank and Information regarding current interest rates on the Deposit yields on alternative cash sweep options, marketing Accounts is available online at www.ubs.com/sweepyields, relationships with less than $500,000 in total eligible through UBS‘s Online Services or by calling your Financial assets at UBS and the Bank can be expected to Advisor. receive interest rates that are substantially lower than the prevailing rate of return of the Sweep The rates of return paid with respect to the Deposit Funds. Interest rates paid on Deposit Accounts may Accounts may be higher or lower than the rates of return change daily. available to depositors making deposits directly with the Bank or other depository institutions in comparable accounts. You should compare the terms, rates of return, Viewing Information About Your Deposit Accounts required minimum amounts, charges and other features of the Program with other accounts and alternative All activity in your Deposit Accounts, including the initial investments. deposit, opening and closing balances and any interest earned for the period, will appear on your periodic Account Marketing Relationship Assets and Householding Rules statement.

We determine the eligible assets in a Marketing Relationship by combining the assets held in eligible

42 About Your UBS Account: Deposit Account Sweep Program Your Relationship With UBS And UBS Bank USA Accounts, once cash in those Accounts exceeds $250,000 “FDIC” refers to or $500,000 (as applicable) in the aggregate, then your the Federal Deposit Insurance Corporation. Under the Program, UBS Financial Services Inc. acts as your funds on deposit with the Bank will exceed FDIC insurance agent in establishing your Deposit Accounts at the Bank, coverage limits. and depositing funds into them and withdrawing funds from them. No , certificate or other evidence You are responsible for monitoring the total amount of ownership will be issued to you. Your ownership of of deposits that you have with the Bank in order to the deposited funds will be evidenced by a book entry determine the extent of deposit insurance coverage on the Account records of the Bank and by the records available to you. UBS Financial Services Inc. maintains as your custodian. As discussed above, your periodic Account statement will None of UBS or UBS AG will be responsible for any insured reflect the balances in your Deposit Accounts at the Bank. or uninsured portion of the Deposit Accounts. In the You should retain the statements for your records. unlikely event that federal deposit insurance payments become necessary, payments of principal plus unpaid and UBS Financial Services Inc. may, in its sole discretion accrued interest will be made to you. There is no specific and without notice, terminate your participation in time period during which the FDIC must make insurance the Program at any time. If this occurs, you may deal payments available. You may be required to provide directly with the Bank subject to its rules with respect documentation to the FDIC and UBS before insurance to maintaining Deposit Accounts. Similarly, if you payments are made. For example, if you hold deposits terminate your participation in the Program, you may as trustee for the benefit of trust participants, you may establish a direct relationship with the Bank, subject be required to furnish affidavits and provide indemnities to the policies of the Bank, by requesting to have the regarding an insurance payment. Deposit Accounts established in your name. This will result in the separation of the Deposit Accounts from Under certain circumstances, if you become the owner your UBS securities Account. of deposits at the Bank because another depositor dies, beginning six months after the death of the depositor, UBS Financial Services Inc. receives an annual fee from the the FDIC will aggregate those deposits to calculate the Bank of up to $25 for each UBS securities account that maximum insurance amount with any other deposit that sweeps into a Deposit Account at the Bank. UBS reserves you own in the same insurable capacity at the Bank. the right to increase, decrease or waive all of part of this Examples of accounts that may be subject to this FDIC fee. We will notify you in advance of any increase. Other policy include joint accounts, “payable on death” accounts than applicable fees and charges imposed by UBS on your and certain trust accounts. The FDIC provides the six-month securities accounts (such as for returned checks or stop- “” to permit you to restructure your deposits payments), which are described in the “Fees and Charges” to obtain the maximum amount of deposit insurance section of the Agreements and Disclosures booklet, there for which you are eligible. If deposits in your Deposit will be no charge, fee or commission imposed on your Accounts or other deposits at the Bank are assumed by securities account with respect to the Program. another depository institution as a result of a merger or consolidation, such deposits will continue to be separately insured from deposits that you might have established Benefits to UBS and its Affiliates with the acquirer until the expiration of a six-month period from the date of the acquisition. Thereafter, any assumed Each of UBS, UBS Securities LLC and UBS AG provide deposits will be aggregated with your existing deposits operational and other services to the Bank and receive with the acquirer held in the same insurable capacity for compensation for those services. The Bank uses the cash purposes of federal deposit insurance. Any deposit opened balances in the Deposit Accounts to fund new lending and at the depository institution after the acquisition will be investment activity. The Bank will seek to make a profit by aggregated with deposits established with the acquirer for achieving a positive “spread,” or difference between (a) purposes of federal deposit insurance as well. the sum of the amount of interest that it pays for deposits and (b) the sum of the amount of interest that it charges The application of the maximum insurance amount is for loans and the return on investments made with any illustrated by several common factual situations discussed deposits that it does not need to fund loans. below.

Individual Accounts. Funds owned by an individual and FDIC Deposit Insurance held in an account in the name of an agent or nominee of such individual (such as the Deposit Accounts held General Information through UBS) or held by a custodian (for example, under The Deposit Accounts are insured by the FDIC, an the Uniform Gifts to Minors Act or the Uniform Transfers independent agency of the U.S. government, to a to Minors Act) are not treated as owned by the agent, maximum amount equal to $250,000 per depositor nominee or custodian, but are added to other deposits (including principal and interest) when aggregated with all of that individual held in the same insurable capacity other deposits held by you in the same insurable capacity (including funds held in a sole proprietorship) and are at the Bank. Your funds become eligible for deposit insured up to $250,000 in the aggregate. insurance immediately upon placement in a Deposit Account. Generally, any accounts or deposits (including Joint Accounts. An individual’s interest in funds held under CDs issued by the Bank) that you maintain directly with any form of joint ownership valid under applicable state the Bank, or through an intermediary (such as UBS) in law may be insured up to $250,000 in the aggregate, the same insurable capacity in which the deposits in the separately and in addition to the $250,000 allowed on Deposit Accounts are maintained, will be aggregated with other deposits individually owned by any of the co-owners the deposits in your Deposit Accounts, for purposes of of such accounts (referred to here as a “Joint Account”). calculating the maximum insurance amount. In the unlikely For example, a Joint Account owned by two persons would event that the Bank should fail, the Deposit Accounts be eligible for insurance coverage of up to $500,000 are insured, up to the maximum insurance amount, for ($250,000 for each person), subject to aggregation with principal and interest accrued to the day the Bank is closed. each owner’s interests in other Joint Accounts at the bank. Interest is determined for insurance purposes in accordance Joint Accounts will be insured separately from individually with federal law and regulations. owned accounts only if each of the co-owners is an individual person, has signed a UBS Account agreement Note that if you hold multiple Accounts with UBS in and has a right of withdrawal on the same basis as the the same insurable capacity that sweep to the Deposit other co-owners.

43 About Your UBS Account: Deposit Account Sweep Program Revocable Trust Accounts Individual Retirement Accounts. Funds held in an IRA, including traditional, Roth, SEP and SIMPLE IRAs are insured Deposits of any one depository institution held in a up to $250,000 in the aggregate. Funds held in an IRA will “revocable trust” are generally insured up to $250,000 per be aggregated with funds held in some other retirement beneficiary if the beneficiary is a natural person, charity plans in which the owner of the IRA has an interest. Under or other non-profit organization. There are two types of FDIC regulations an individual’s interest in deposits at the revocable trusts recognized by the FDIC: Informal and Bank held by (i) IRAs, (ii) deferred compensation plans formal. for certain employees of state or local governments or tax-exempt organizations (i.e., Section 457 Plans), (iii) self- Informal revocable trusts include accounts in which directed “Keogh Plans” of owner-employees described the owner shows an intent that, at his or her death, the in section 401(d) of the Internal Revenue Code of 1986, funds shall belong to one or more specified beneficiaries. as amended, and (iv) self-directed defined contribution These trusts may be referred to as a “Totten trust” account, plans, will be insured for up to $250,000 in the aggregate “payable upon death” account or a “transfer on death” whether or not maintained by the same employer or account. Each beneficiary must be included in UBS’s employee organization. Thus, the owner of an IRA will only account records. be entitled to insurance up to $250,000 for interests in retirement plans and accounts holding funds at the Bank Formal revocable trusts are written trust arrangements that are subject to aggregation. in which the owner retains ownership and control of the assets and designation of beneficiaries during his or her lifetime. The trusts may be referred to as “living” or Questions about FDIC Deposit Insurance Coverage “family” trusts. The beneficiaries of a formal revocable trust do not need to be included in UBS’s account records. If you have questions about basic FDIC insurance coverage, please contact your Financial Advisor. You may wish to Under FDIC rules, if a revocable trust has five or fewer seek advice from your own attorney concerning FDIC beneficiaries, FDIC coverage will be up to $250,000 per insurance coverage of deposits held in more than one beneficiary, multiplied by the number of beneficiaries, insurable capacity. You may also obtain information by regardless of the proportional interests of each beneficiary contacting the FDIC, Office of Compliance and Consumer in the revocable trust. If the trust has six or more Affairs: beneficiaries, the funds will be insured for the greater of • By mail: 550 17th Street, N.W., Washington, D.C. 20429 $1,250,000 or the aggregate amount of all beneficiaries’ • by phone: 877-275-3342 or 800-925-4618 (TDD) proportional interest, limited to $250,000 per beneficiary. • by e-mail: [email protected] or • online: www.fdic.gov. Deposits in all revocable trusts of the same owner – informal and formal – at the same depository institution will be aggregated for insurance purposes. A revocable SIPC Protection trust established by two owners where the owners are the sole beneficiaries will be treated as a Joint Account under UBS Financial Services Inc., UBS Financial Services applicable rules and will be aggregated with other Joint Incorporated of Puerto Rico and UBS International Inc. are Accounts. members of the Securities Investor Protection Corporation (“SIPC”), which provides protection for your securities Irrevocable Trust Accounts. Funds held in an account Account(s) with us up to $500,000, including $250,000 for established pursuant to an irrevocable trust agreement free cash balances in the unlikely event that the Firm fails created by the same grantor (as determined under financially. SIPC asset protection limits apply, in aggregate, applicable state law) will be insured for up to $250,000 to all Accounts that you hold in a particular legal capacity. per beneficiary provided that the beneficiary’s interest in The Sweep Funds and other Sweep options are not bank the account is non-contingent (in other words, capable deposits and are not protected by the FDIC. However, of determination without evaluation of contingencies). balances in the Sweep Funds and other Sweep options are According to the FDIC, Coverdell Education Savings covered by the SIPC and the supplemental insurance we Accounts should be treated as irrevocable trust accounts have obtained for your benefit. For more information, see for deposit insurance purposes. The deposit insurance the Additional Disclosures section of this booklet. of each beneficiary’s interest is separate from the coverage provided for other accounts maintained by the beneficiary, the grantor, the trustee or other beneficiaries. A beneficiary’s interest in funds held in irrevocable trust accounts created by the same grantor at the same institution will be aggregated and insured up to $250,000.

Medical Savings Accounts. Funds held in a Medical Savings Account, sometimes referred to as an Archer Medical Savings Account, will be eligible for deposit insurance as either an individual account, a revocable trust account or an employee benefit plan. You may wish to consult with your attorney or the FDIC to determine the available coverage.

44 Loan Disclosure Statement About Your UBS Account: Loan Disclosure Statement

UBS Financial Services Inc. is furnishing this document to We can force the sale of securities or other assets in you to provide some basic facts about purchasing securities your pledged account(s). If the equity in your account on margin, using leverage as a liquidity source or as part falls below the maintenance margin or loan collateral of your investment strategy or otherwise borrowing funds requirements or UBS Financial Services Inc.’s or an affiliate’s secured by your securities accounts, and to alert you to the higher “house” requirements, we can sell the securities or risks involved with trading securities in a margin account. other assets in any of your account(s) held at UBS Financial Before trading stocks in a margin account or otherwise Services Inc. or its affiliates to cover the margin or loan borrowing funds from UBS Financial Services Inc. or one of collateral deficiency. You also will be responsible for any its affiliates (for example, UBS Bank USA) and using your deficiency or shortfall in the account after such a sale. securities accounts as collateral, you should carefully review the margin or loan agreement and this loan disclosure We can sell your securities or other assets without statement. You may also speak to your Financial Advisor contacting you. Some investors mistakenly believe that regarding any questions or concerns you may have with we must contact them for a margin call to be valid, and your margin accounts or loan agreement. that we cannot liquidate securities or other assets in their account(s) to meet the call unless we have contacted them When you purchase securities, you may pay for the first. This is not the case. We will attempt to notify you of securities in full or you may borrow part of the purchase margin calls, but we are not required to do so. However, price from UBS Financial Services Inc. If you choose to even if we have contacted you and provided a specific borrow funds from UBS Financial Services Inc. or one date by which you can meet a margin call, we can still take of its affiliates, whether to purchase securities or for necessary steps to protect our financial interests, including other purposes, you will open a securities account with immediately selling the securities without notice to you. UBS Financial Services Inc. The securities in that account (together with the other securities and assets held in your You are not entitled to choose which securities UBS Financial Services Inc. accounts) are UBS Financial or other assets in your account(s) are liquidated or Services Inc.’s or its affiliates’ collateral for their loan to sold to meet a margin call. Because the securities are you. If the securities in your account decline in value, so collateral for the margin or other loan, we have the does the value of the collateral supporting your loan, and, right to decide which security to sell in order to protect as a result, UBS Financial Services Inc. (or, if applicable, an our own interests. affiliate) can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held We can increase our “house” maintenance margin or with UBS Financial Services Inc., in order to maintain the loan collateral requirements at any time and we are required equity in the account. not required to provide you advance written notice. These changes in our policy often take effect immediately It is important that you fully understand the risks involved and may result in the issuance of a maintenance margin in trading securities on margin, using leverage as a liquidity call. Your failure to satisfy the call may cause us to liquidate source or as part of your investment strategy, or otherwise or sell securities in your account(s). pledging your securities in order to obtain credit. These risks apply whether your loan is made by UBS Financial You are not entitled to an extension of time on a Services Inc. or one of its affiliates (for example, UBS Bank margin call. While an extension of time to meet margin USA), and include the following: requirements may be available to you under certain conditions, you do not have a right to the extension. You can lose more funds than you deposit in the margin or pledged account. A decline in the value of securities that are purchased on margin or pledged as collateral for a loan may require you to provide additional funds to us to avoid the forced sale of the securities or other securities or assets in your account(s).

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82 UBS Statement of Credit Practices About Your UBS Account: Statement of Credit Practices

This section describes the interest charges and other Change of Rate Without Prior Notice For purposes of this matters relating to how we extend or maintain credit in “Statement of Credit your account. This document is intended to describe all Your stated interest rate is subject to change without Practices,” except as possible types of credit we offer to clients. As a result, notice during each period based on fluctuations in your noted below, “UBS,” some information may not apply to your particular daily net loan (debit) balance and the Base Loan Rate. “we,” “our” and “ours” situation. Whenever the Base Loan Rate changes or your daily net refer only to UBS loan (debit) balance crosses one of the balance thresholds Financial Services Inc. Understanding our credit practices in relation to your listed in the table above, we will adjust your interest rate account is an important part of being an informed investor. accordingly. “You,” “your” and “yours” refer to you as If you have any questions about credit and your account, client(s) and recipient(s) please contact your Financial Advisor. If we increase your stated interest rate for any other of credit from UBS reason, we will notify you in writing at least 30 days in Financial Services Inc. advance of the change. Applicability of Interest Charge

We will charge you interest on any credit we extend Computation of Interest Charge to you. We calculate your daily debit or credit balance as follows: • We take the balances in your Account at the close of Interest Rate the previous day (or the opening balance on a new Account), Unless we inform you that a specific UBS lending product • We add the credits, and charges differently, we will charge you interest based on • We subtract the debits that occurred during the day. the UBS Base Loan Rate (“Base Loan Rate”). As we use The UBS Base Loan Rate regularly published lending rates to establish our Base If the result is negative, it becomes the daily net loan is an internally computed rate established Loan Rate, it tends to follow the rise or fall of rates in the (or debit) balance, which forms the basis for interest periodically based on general financial environment. calculations. Any proceeds received from the sale of our cost of funds and securities (less transaction costs) that are not sold long or our assessment of the If you would like to know what the prevailing Base Loan are not in good deliverable form will be deducted from the rates being charged in Rate is or determine the exact amount due on your credit balance in your account for purposes of calculating the financial markets. Account, contact your Financial Advisor or the Branch your net loan (debit) balance. We disregard any short The UBS Base Loan Rate Office Manager of the branch office servicing your market value resulting from a short sale because this value is subject to change Account. is used to collateralize stock borrowed to make delivery from time to time without notice in our against a short sale. sole discretion. The rates Our agreements with you for the extension of credit are used in our computation governed by the laws of the State of New York, where Although we compute the interest on your net loan (debit) include, but are not we maintain our principal place of business. The interest balance daily, the interest accrued on your account will be limited to, the prime charge for each interest period is due and payable at the calculated only once a month, at the end of each interest rate, discount rate, close of that period. Interest charges not paid at the close period. The applicable interest periods are listed below: broker call rate, Federal of the interest period will be added to the opening debit Funds rate and LIBOR. balance in your Account for the next period. February through From the 22nd of each month to the As of October 11, 2010, November 21st of the following month the UBS Base Loan Rate Unless a specific UBS lending product provides otherwise, is 6.375%. we calculate the interest rate you are charged by adding December November 22 to December 31 or subtracting a sliding scale percentage rate, determined by the level of your daily net loan (debit) balance to or January January 1 to January 21 from the prevailing Base Loan Rate. We may, in our sole Prime Brokerage From the 1st calendar day of each discretion, adjust the rate assigned to certain Accounts as Accounts Only month through the last calendar day of warranted by our overall business relationship with you. each month Our standard sliding scale percentage rates follow: Please review the “Loan Summary” section of your Your “daily loan balance” Net Loan (Debit) Spread Over/Under statement to see the interest charge for the current interest is the amount of money Balance Base Loan Rate period as well as the average net loan (debit) balance and you owe UBS on any Under $25,000 3.500% the average loan interest rate applicable to such period. given day. We may also You can approximate the interest charges based on a 360- refer to it as your “daily $25,000 to $49,999 3.125% day year by using the following formula: debit balance.” $50,000 to $74,999 2.750% Your “net loan (debit) Average Net Average Loan Loan (Debit) balance” is your daily $75,000 to $99,999 2.125% Loan (Debit) X Interest Rate X Days in debit balance minus the Balance Interest Period credit balance for any $100,000 to $249,999 1.125% 360 given day. $250,000 to $499,999 0.750% $500,000 to $999,999 0.375% Marking to The Market

$1 million to $4,999,999 0.000% If you sell a security short and its market value increases $5 million to $9,999,999 -0.875% above your selling price, the debit balance in your Account will increase. We will charge you interest on the increase. More than $10 million -1.250% Conversely, any decrease in market value will cause the credit balance in your Account to increase, and we will

47 About Your UBS Account: Statement of Credit Practices Please carefully review reduce your interest charges accordingly. This practice We may require you to deposit additional collateral the information about of determining the change in current market value is as security for your obligations to us whenever we Margin below. If you wish to opt out of commonly referred to as “marking to the market” and is determine it is needed and in accordance with the rules Margin, call your UBS done on a daily basis. and regulations of the Federal Reserve Board, the New Financial Advisor. York Stock Exchange and our internal policies. We will request additional margin or collateral when the equity in We present this OTHER CHARGES an Account falls below our margin requirements. If you explanation to help fail to promptly meet a margin call, or under certain other you understand how Separate interest charges may be made in your Account in circumstances, we may sell the pledged securities and other your interest charges connection with: securities and assets held in your Account(s) to meet the are computed so that you can verify the • Prepayments – payments to you of the proceeds of a margin call or otherwise satisfy the deficiency. charges shown on your security sale before the regular settlement date statement. If you have • “When issued” transactions - when the market price of As a general business practice, we will attempt to notify any questions, call your the “when issued” security changes from the contract you before we sell your securities and other assets to meet Financial Advisor. price by an amount that exceeds the cash deposit, we a margin call. We will generally provide you with 48 to 72 may charge interest on such difference hours to satisfy such a call. However, we are not required According to the • Late payments – payments for securities purchased that to notify you or have your authorization to liquidate terms of your Client we receive after the settlement date. securities and other assets held in your Account(s). Relationship Agreement, the securities and other assets you hold (either Although we do not limit the factors that may require individually or jointly LIENS, MARGIN CALLS AND ADDITIONAL COLLATERAL additional margin or collateral, some of them include with others) at UBS, market fluctuation, a highly concentrated portfolio or including UBS Financial As security for the discharge of your obligations to us, your overall credit standing. You can meet a margin call Services Incorporated we have a security interest in, and a general lien on, all by delivering additional marginable securities or cash. of Puerto Rico, at any securities or other assets that we hold or may hold at any Generally, only equity securities registered on a national successor firms, at our time or carry for you in any of your Accounts (individually securities exchange or NASDAQ are marginable. For more correspondents and/or our affiliates, including or jointly with others). This includes those assets that may information on our right to demand additional collateral, without, its parent be deposited with us for safekeeping or other purposes. as well as other rights, obligations and risk factors involved company, UBS AG, will This security interest and general lien covers all obligations in using your securities Account(s) as collateral for any of be used to collateralize to us, however they arise and irrespective of the number of our lending programs, please carefully review the “Loan your obligations to Accounts you have with us. Disclosure Statement” in this booklet. us and any successor, correspondent or affiliate. Consequently, the terms “UBS,” “we,” Table 1: Effective Annual Interest Rates “our,” “ours,” “us” and “UBS Financial Services Stated Effective Stated Effective Stated Effective Stated Effective Inc.” used in the “Liens, Interest Annual Interest Annual Interest Annual Interest Annual Margin Calls and Rate Rate Rate Rate Rate Rate Rate Rate Additional Collateral” section of this Statement 4.00% 4.07% 8.25% 8.57% 12.50% 13.24% 16.75% 18.10% of Credit Practices refers 4.25% 4.33% 8.50% 8.84% 12.75% 13.52% 17.00% 18.39% to UBS Financial Services Inc. its successors, 4.50% 4.59% 8.75% 9.11% 13.00% 13.80% 17.25% 18.68% correspondents and affiliates collectively. 4.75% 4.85% 9.00% 9.38% 13.25% 14.08% 17.50% 18.97%

In general, the equity in 5.00% 5.12% 9.25% 9.65% 13.50% 14.37% 17.75% 19.27% an account is the excess market value of the 5.25% 5.38% 9.50% 9.92% 13.75% 14.65% 18.00% 19.56% securities in it over the 5.50% 5.64% 9.75% 10.20% 14.00% 14.93% 18.25% 19.85% loan or debit balance. 5.75% 5.90% 10.00% 10.47% 14.25% 15.22% 18.50% 20.15% See Table 1 for the effective annual interest 6.00% 6.17% 10.25% 10.74% 14.50% 15.50% 18.75% 20.45% rate on stated interest rates for 365 days. 6.25% 6.43% 10.50% 11.02% 14.75% 15.79% 19.00% 20.74% 6.50% 6.70% 10.75% 11.29% 15.00% 16.07% 19.25% 21.04% 6.75% 6.96% 11.00% 11.57% 15.25% 16.36% 19.50% 21.34% 7.00% 7.23% 11.25% 11.85% 15.50% 16.65% 19.75% 21.64% 7.25% 7.50% 11.50% 12.12% 15.75% 16.94% 20.00% 21.94% 7.50% 7.76% 11.75% 12.40% 16.00% 17.23% 7.75% 8.03% 12.00% 12.68% 16.25% 17.51% 8.00% 8.30% 12.25% 12.96% 16.50% 17.80% *Based on 365-day year compounded monthly.

48 Affiliated Business Arrangement About Your UBS Account: Affiliated Business Arrangement

This is to give you notice that UBS Financial Services Inc. has a business relationship with UBS Mortgage. Because of this relationship, a referral to UBS Mortgage may provide UBS Financial Services Inc. a financial or other benefit. UBS Mortgage provides mortgage origination services for UBS Financial Services Inc. clients. UBS Mortgage is a trade name for UBS AG, Tampa Branch or, in certain states for certain products, UBS Bank USA. UBS Financial Services Inc. is a wholly-owned subsidiary of UBS AG and an affiliate of UBS Bank USA.

Set forth below is the estimated charge or range of charges by UBS Mortgage for the settlement services listed. There may also be other fees/charges relating to services provided by third party settlement providers, which will be disclosed to you in connection with your loan application. You are NOT required to use UBS Mortgage as a condition for settlement of your loan on the subject property.

THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.

Fee Type Charge Origination charge* $350 - $550 Charge (points) for interest 0% to 3% of the loan rate chosen** amount

If you have any questions regarding this notice, please contact your UBS Financial Advisor.

* Under federal law, the “origination charge” disclosed on your Good Faith Estimate and HUD-1 Settlement Statement includes the total of all charges by all loan originators (lenders and brokers) for origination services performed for or on behalf of a lender, regardless of how the fees may be named for state law or other purposes.

** The charge for the interest rate chosen includes any discount points as well as fees paid to lock-in the interest rate. Because the number of discount points you pay varies inversely with a market interest rate, efforts to “buy down” the rate of the loan (i.e., to get a lower rate) may necessitate the payment of points that exceed those shown here.

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86 UBS Client Privacy Notice Rev. July 2011

WHAT DOES UBS Wealth Management Americas–US (UBS-WMA–US) FACTS DO WITH YOUR PERSONAL INFORMATION?

Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What? The types of personal information we collect and share depend on the product or service you have with us. This information can include: ƒ Social Security number and income ƒ account balances and assets ƒ credit history and transaction history

How? All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons UBS-WMA–US chooses to share; and whether you can limit this sharing.

Does UBS-WMA–US Reasons we can share your personal information Can you limit this sharing? share?

For our everyday business purposes– such as to process your transactions, maintain Yes No your account(s), respond to court orders and legal investigations, or report to credit bureaus

For our marketing purposes– Yes No to offer our products and services to you

For joint marketing with other financial companies Yes No

For our affiliates' everyday business purposes– Yes No information about your transactions and experiences

For our affiliates' everyday business purposes– Yes Yes information about your creditworthiness

For our affiliates to market to you Yes Yes

For nonaffiliates to market to you No We don't share

For marketing limited-purpose employee stock benefit plan accounts we administer– No We don't share to offer our products and services to you

For householding purposes– consolidating into the same envelope some or all account statements and playbacks of account opening Yes Yes information for different individuals with the same address

To limit ƒ Call your Financial Advisor at the telephone number listed on your account statement, or our sharing ƒ Call 1-877-697-9499–our menu will prompt you through your choices

Please note: If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you may contact us at any time to limit our sharing.

Questions? Call your Financial Advisor or 1-877-697-9499

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Who we are

Who is providing this notice? WMA–US entities as detailed in the UBS-WMA–US legal entities section below.

What we do

How does UBS-WMA–US protect To protect your personal information from unauthorized access and use, we use

my personal information? security measures that comply with federal law. These measures include computer

safeguards and secured files and buildings.

How does UBS-WMA–US collect We collect your personal information, for example, when you my personal information? ƒ open an account or apply for a loan

ƒ give us your income information or provide account information ƒ give us your contact information We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can't I limit all sharing? Federal law gives you the right to limit only

ƒ sharing for affiliates' everyday business purposes–information about your creditworthiness ƒ affiliates from using your information to market to you ƒ sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.

What happens when I limit the sharing for an account I hold Your choices will apply to everyone on your account–unless you tell us otherwise. jointly with someone else?

Definitions

Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies. ƒ Our affiliates include companies with a UBS name and partnerships and other investment vehicles such as those listed in the UBS-WMA–US legal entities section below.

Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies. ƒ UBS-WMA–US does not share with nonaffiliates so they can market to you.

Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you. ƒ Our joint marketing partners include categories of companies such as insurance companies.

Other important information

State law:

CA and VT residents: Under CA and VT state law, we do not household CA and VT residents unless they contact us to household, as described on page 51.

VT residents only: Under VT state law, we will automatically treat VT residents as though they have limited the sharing of information with affiliates for business or marketing purposes unless they contact us, as described on page 87.

UBS-WMA–US legal entities

UBS Financial Services Inc., UBS Financial Services Inc. of Puerto Rico, UBS Trust Company of Puerto Rico, UBS Bank USA, UBS Credit Corp., UBS Trust Company, N.A., and their collective insurance agency affiliates and subsidiaries, all partnerships and other investment vehicles (both registered and unregistered funds) managed or administered by UBS Financial Services Inc.'s Alternative Investment Group1, all funds (both registered and unregistered) advised by UBS Alternative and Quantitative Investment LLC and UBS O'Connor LLC and Ltd. and distributed through UBS Financial Services Inc., and SMA Relationship Trust-Series A, M, T, S and G distributed through UBS Financial Services Inc. and advised by UBS Global Asset Management (Americas) Inc.

1Includes all partnerships and funds utilizing the UBS name, as well as Capitol Street Associates, Chadbourne Road Associates, PW Champlain Associates, L.P., Fitchburg Associates, Franklin Street Associates, Ltd., Fremont Avenue Associates, Geneva Drive Associates, Hamilton Associates Limited Partnership, McCullough Avenue Associates Limited Partnership, Midtown Associates Limited Partnership, Mid-Continent Associates, Northwestern Associates Limited Partnership, Palmetto Center Associates Limited Partnership, Spring Mountain Road Associates, Main Street Associates and Trumbull Associates Limited Partnership.

52 Intentionally Left Blank ©2010 UBS Financial Services Inc. All Rights Reserved. Member SIPC.

UBS Financial Services Inc. www.ubs.com/financialservicesinc CN-100428-0452-R389

UBS Financial Services Inc. is a subsidiary of UBS AG. ab