Common use of Share Split Clause in Contracts

Share Split. Pursuant to resolutions adopted by the Board of Managers of the Depositor on September 28, 2007, the Depositor has declared a three-for-one split of the Up-MACRO Holding Shares. The record date and pay date for the split shall be designated and notified by the Depositor to the AMEX and the general public. The total amount of Outstanding Up-MACRO Holding Shares shall be tripled and the Depositor shall instruct DTC to credit on the applicable pay date three shares for each one share that is credited to any DTC account as of the applicable record date. A three-for-one split has also been declared for the Down-MACRO Holding Shares, the Up-MACRO Tradeable Shares and the Down-MACRO Tradeable Shares.

Share Split. Pursuant to resolutions adopted by the Board of Managers of the Depositor on September 28, 2007, the Depositor has declared a three-for-one split of the UpDown-MACRO Holding Tradeable Shares. The record date and pay date for the split shall be designated and notified by the Depositor to the AMEX and the general public. The total amount of Outstanding Up-MACRO Holding Shares shall be tripled and the Depositor shall instruct DTC to credit on the applicable pay date three shares for each one share that is credited to any DTC account as of the applicable record date. A three-for-one split has also been declared for the DownUp-MACRO Holding Shares, the UpDown-MACRO Tradeable Holding Shares and the DownUp-MACRO Tradeable Shares.

Share Split. Pursuant to resolutions adopted by the Board of Managers of the Depositor on September 28, 2007, the Depositor has declared a three-for-one split of the Up-MACRO Holding Tradeable Shares. The record date and pay date for the split shall be designated and notified by the Depositor to the AMEX and the general public. The total amount of Outstanding Up-MACRO Holding Shares shall be tripled and the Depositor shall instruct DTC to credit on the applicable pay date three shares for each one share that is credited to any DTC account as of the applicable record date. A three-for-one split has also been declared for the DownUp-MACRO Holding Shares, the UpDown-MACRO Tradeable Holding Shares and the Down-MACRO Tradeable Shares.

Share Split. Pursuant to resolutions adopted by the Board of Managers of the Depositor on September 28, 2007, the Depositor has declared a three-for-one split of the UpDown-MACRO Holding Shares. The record date and pay date for the split shall be designated and notified by the Depositor to the AMEX and the general public. The total amount of Outstanding Up-MACRO Holding Shares shall be tripled and the Depositor shall instruct DTC to credit on the applicable pay date three shares for each one share that is credited to any DTC account as of the applicable record date. A three-for-one split has also been declared for the DownUp-MACRO Holding Shares, the Up-MACRO Tradeable Shares and the Down-MACRO Tradeable Shares.

Share Split. Pursuant to resolutions adopted by the Board of Managers of the Depositor on September 28, 2007, the Depositor has declared a three-for-one split of the UpDown-MACRO Holding Tradeable Shares. The record date and pay date for the split shall be designated and notified by the Depositor to the AMEX and the general public. The total amount of Outstanding UpDown-MACRO Holding Tradeable Shares shall be tripled and the Depositor shall instruct DTC to credit on the applicable pay date three shares for each one share that is credited to any DTC account as of the applicable record date. A three-for-one split has also been declared for the Up-MACRO Tradeable Shares, the Down-MACRO Holding Shares, Shares and the Up-MACRO Tradeable Shares and the Down-MACRO Tradeable Holding Shares.

Share Split. Pursuant to resolutions adopted by the Board of Managers of the Depositor on September 28, 2007, the Depositor has declared a three-for-one split of the UpDown-MACRO Holding Shares. The record date and pay date for the split shall be designated and notified by the Depositor to the AMEX and the general public. The total amount of Outstanding UpDown-MACRO Holding Shares shall be tripled and the Depositor shall instruct DTC to credit on the applicable pay date three shares for each one share that is credited to any DTC account as of the applicable record date. A three-for-one split has also been declared for the DownUp-MACRO Holding Shares, the UpUP-MACRO Tradeable Shares and the Down-MACRO Tradeable Shares.

Share Split. Pursuant to resolutions adopted by the Board of Managers of the Depositor on September 28, 2007, the Depositor has declared a three-for-one split of the Up-MACRO Holding Tradeable Shares. The record date and pay date for the split shall be designated and notified by the Depositor to the AMEX and the general public. The total amount of Outstanding Up-MACRO Holding Tradeable Shares shall be tripled and the Depositor shall instruct DTC to credit on the applicable pay date three shares for each one share that is credited to any DTC account as of the applicable record date. A three-for-one split has also been declared for the DownUp-MACRO Holding Shares, the UpDown-MACRO Tradeable Holding Shares and the Down-MACRO Tradeable Shares.