Common use of Further Provisions Clause in Contracts

Further Provisions. I further acknowledge and agree that: (a) My subscription is not subject to transfer or assignment by me; (b) UPS and OPL each have the right, in their discretion, to accept or reject my subscription; (c) My subscription will become binding upon UPS and OPL only upon acceptance by both UPS and OPL; (d) My rights with respect to refund of funds held by First Union pending delivery of shares, withdrawal or rejection of my subscription are as set forth in the Prospectus, and will not include interest thereon; (e) The Units to which I have subscribed will be sold to me at the Current Prices in effect at the time my subscription is accepted by both UPS and OPL, which may be greater or less than the Current Prices in effect at the date of this Subscription Agreement, and my rights with respect to a change in the price of Units are as set forth in the Prospectus; (f) Upon acceptance by both UPS and OPL, this Subscription Agreement shall be binding upon and inure to the benefit of my heirs, executors, administrators, and personal representatives; (g) I have read the Prospectus and I am familiar with its terms; (h) If I have not yet executed and delivered to UPS a UPS Managers Stock Trust Deposit Agreement or UPS Employees Stock Trust Deposit Agreement ("Deposit Agreement"), I enclose herewith a properly executed Deposit Agreement with respect to the UPS Shares included in this Subscription Agreement. I understand that if a Deposit Agreement is not on file on my behalf, my subscription will be rejected by UPS; and (i) This Subscription Agreement will be deemed to be a subscription to UPS as to the UPS Shares and a subscription to OPL as to the OPL Shares.

Further Provisions. I further acknowledge and agree that: : (a) My subscription is not subject to transfer or assignment by me; (b) UPS and OPL each have the right, in their discretion, to accept or reject my subscription; (c) My subscription will become binding upon UPS and OPL only upon acceptance by both UPS and OPL; (d) My rights with respect to refund of funds held by UPS and/or First Union pending delivery of shares, withdrawal or rejection of my subscription are as set forth in the Prospectus, and will not include interest thereon. My eligibility to purchase shall be determined as set forth in the Prospectus; (e) The Units to which I have subscribed will be sold to me at the Current Prices in effect at the time my this subscription is accepted by both UPS and OPL, which may be greater or less than the Current Prices in effect at the date of this Subscription Agreement, and my rights with respect to a change in the price of Units are as set forth in the Prospectus; (f) Upon acceptance by both UPS and OPL, this Subscription Agreement shall be binding upon and inure to the benefit of my heirs, executors, administrators, and personal representatives; (g) I have read the Prospectus and I am familiar with its terms; (h) If I have not yet executed and delivered to UPS a UPS Managers Stock Trust Deposit Agreement or UPS Employees Stock Trust Deposit Agreement ("Deposit Agreement"), I enclose herewith a properly executed Deposit Agreement Agreement, with respect to the UPS Shares shares included in this Subscription Agreement. I understand that if a Deposit Agreement is not on file on my behalf, behalf my subscription will be rejected by UPS; and (i) This Subscription Agreement will be deemed to be a subscription to UPS as to the UPS Shares and a subscription to OPL as to the OPL Shares.;

Further Provisions. I further acknowledge and agree that: (a) My subscription is not subject to transfer or assignment by me; (b) UPS and OPL each have the right, in their discretion, to accept or reject my subscription; (c) My subscription will become binding upon UPS and OPL only upon acceptance by both UPS and OPL; (d) My rights with respect to refund of funds held by First Union pending delivery of shares, withdrawal or rejection of my subscription are as set forth in the Prospectus, and will not include interest thereon; (e) The Units to which I have subscribed will be sold to me at the Current Prices in effect at the time my subscription is accepted by both UPS and OPL, which may be greater or less than the Current Prices in effect at the date of this Subscription Agreement, and my any rights with respect to a change in the price of Units are as set forth in the Prospectus; (f) Upon acceptance by both UPS and OPL, this Subscription Agreement shall be binding upon and inure share to the benefit of my heirs, executors, administrators, administrators and personal representatives; (g) I have read the Prospectus Prospectus, and I am familiar with its terms; (h) If I have not yet executed and delivered to UPS a UPS Managers Stock Trust Deposit Agreement or UPS Employees Stock Trust Deposit Agreement ("Deposit Agreement"), . I enclose herewith a properly executed Deposit Agreement with respect to the UPS Shares included in this Subscription Agreement. Agreement I understand that if a Deposit Agreement is not on file on my behalf, my subscription will be rejected by UPS; , and (i) This Subscription Agreement will be deemed to be a subscription to UPS as to the UPS Shares and a subscription to OPL as to the OPL Shares. ------------------------------------------------------------------------------- NOTE: All items below except the signature of the eligible employee and verifier must be printed or typed. All signatures must be original. No photocopies will be accepted.