EX-99.G.1.V 4 a2173965zex-99_g1v.txt EXHIBIT 99.G.1.V EXHIBIT EX-99.g.1.v [JPMorgan LOGO] ROBERT SNYDER Vice President Worldwide Securities Services AMENDMENT August 14, 2006 The UBS Funds One North Wacker Drive Chicago, IL 60606 RE: AMENDMENT TO MULTIPLE SERVICES AGREEMENT EFFECTIVE MAY 9, 1997 SCHEDULES B1 AND F TO REFLECT THE ADDITION OF SERIES, NAME CHANGES TO SERIES AND ELIMINATION OF SERIES Dear Sirs: We refer to the Multiple Services Agreement effective May 9, 1997 (the "MSA") between Morgan Stanley Trust Company, which was succeeded by JPMorgan Chase Bank, and The UBS Funds. The parties hereby agree as follows: 1. "Schedule B1 - List of Series of The UBS Funds as last amended on March 27, 2006" IS REPLACED in its entirety with "Schedule B1 - List of Series of The UBS Funds as last amended on August 14, 2006" attached hereto. 2. "Schedule F - Fee Schedule for The UBS Funds as last amended on March 27, 2006" IS REPLACED in its entirety with "Schedule F - Fee Schedule for The UBS Funds as last amended on August 14, 2006," attached hereto. The MSA, as amended by this letter amendment, shall continue in full force and effect. Please evidence your acceptance of the terms of this letter by signing below and returning one copy to Robert P. Snyder, Worldwide Security Services, JPMorgan Chase Bank, NA, 1 Chase Manhattan Plaza, 19th Floor, New York, NY 10005-1401. Very truly yours, JPMORGAN CHASE BANK By: /s/ Robert P. Snyder ------------------------------------ Name: Robert P. Snyder Title: Vice President Accepted and Agreed: THE UBS FUNDS By: /s/ Roseann Bubloski --------------------------------- Name: Roseann Bubloski Title: Assistant Treasurer JPMorgan CHASE BANK, N.A. 1 Chase Manhattan Plaza, Floor 19, New York, NY 10005 Telephone: 212-552-0692 Facsimile: 212-552-0227 robert.p.snyder@jpmorgan.com ROBERT SNYDER Vice President Worldwide Securities Services SCHEDULE B1 LIST OF SERIES OF THE UBS FUNDS AS LAST AMENDED AUGUST 14, 2006 UBS U.S. Bond Fund UBS High Yield Fund UBS U.S. Large Cap Equity Fund UBS U.S. Large Cap Value Equity Fund UBS U.S. Large Cap Growth Fund UBS U.S. Small Cap Equity Fund UBS U.S. Small Cap Growth Fund UBS U.S. Real Estate Equity Fund UBS Global Allocation Fund UBS Global Equity Fund UBS Global Bond Fund UBS International Equity Fund UBS Emerging Markets Debt Fund UBS Emerging Markets Equity Fund UBS Dynamic Alpha Fund UBS Absolute Return Bond Fund UBS U.S. Mid Cap Growth Equity Fund UBS U.S. Equity Alpha Fund JPMorgan CHASE BANK, N.A. 1 Chase Manhattan Plaza, Floor 19, New York, NY 10005 Telephone: 212-552-0692 Facsimile: 212-552-0227 robert.p.snyder@jpmorgan.com ROBERT SNYDER Vice President Worldwide Securities Services SCHEDULE F FEE SCHEDULE FOR THE UBS FUNDS AS LAST AMENDED AUGUST 14, 2006 ACCOUNTING AND CUSTODY SERVICES ANNUAL FEE SCHEDULE 1. On an annual basis, 5.25 basis points of the average weekly U.S. assets of the Customer and 11.00 basis points of the average weekly non-U.S. assets of the Customer. NO FEE (asset based or otherwise) will be charged on any investments made by any fund into any other fund managed by UBS Global Asset Management (Americas) Inc. Fees are to be charged ONLY where actual non-UBS Global Asset Management (Americas) Inc.-sponsored investment company or series securities are held. For purposes of this Schedule F, the "average weekly U.S. assets of the customer" means the average weekly U.S. assets custodied within the United States of the Customer as calculated by the Accounting Agent for the month for which the statement reflecting the charges for a given month relates. For purposes of this Schedule F, the "average weekly non-U.S. assets of the customer" means the average weekly balance of countries included in the Morgan Stanley Capital World Ex-U.S.A. (free) Index or the Salomon Non-U.S. Government Bond Index (including assets with a country of issue of the European Economic Community and held in Euroclear or CEDEL) custodied outside the United States of the Customer as calculated by the Accounting Agent for the month for which the statement reflecting the charges for a given month relates. Those fees include all out-of-pocket expenses or transaction charges incurred by the accountant and custodian with the exception of the following. JPMorgan CHASE BANK, N.A. 1 Chase Manhattan Plaza, Floor 19, New York, NY 10005 Telephone: 212-552-0692 Facsimile: 212-552-0227 robert.p.snyder@jpmorgan.com ROBERT SNYDER Vice President Worldwide Securities Services SCHEDULE F as amended on August 14, 2006 The Customer will be billed directly by Other Parties for the following direct Customer expenses or transaction charges: (1) taxes; (2) salaries and other fees of officers and directors who are not officers, directors, shareholders or employees of Other Parties, or the Customer's investment adviser; (3) SEC and state Blue Sky registration and qualification fees, levies, fines and other charges; (4) EDGAR filing fees; (5) independent public accountants; (6) insurance premiums including fidelity bond premiums; (7) outside legal expenses; (8) costs of maintenance of corporate existence; (9) expenses of typesetting and printing of prospectuses for regulatory purposes and for distribution to current shareholders of the Customer; (10) expenses of printing and production costs of shareholders' reports and proxy statements and materials; (11) trade association dues and expenses; and (12) travel and lodging expenses of the Customer's directors and officers who are not directors, officers and/or employees of Other Parties. Customer will not be billed directly for any direct Customer Expenses or pay any other direct Customer expenses, unless the payment of such direct expenses is agreed to in writing by Customer. 2. Upon termination of the provision of services under this Agreement before the end of any month, the fee for the part of the month before such termination or the date after which the provision of services ceases, whichever is later, shall be prorated according to the proportion which such part bears to the full monthly period and shall be payable upon the date of such termination or the date after which the provision of the services ceases, whichever is later. JPMorgan CHASE BANK, N.A. 1 Chase Manhattan Plaza, Floor 19, New York, NY 10005 Telephone: 212-552-0692 Facsimile: 212-552-0227 robert.p.snyder@jpmorgan.com