Common use of STANDING REDEMPTION INSTRUCTIONS Clause in Contracts

STANDING REDEMPTION INSTRUCTIONS. The Annexes hereto contain the AP’s Standing Redemption Instructions, which includes information identifying the account(s) into which Deposit Securities of each Trust and any other redemption proceeds should be delivered by the Trustee pursuant to a Redemption Order. TO PARTICIPANT AGREEMENT FOR THE BLDRS TRUST BLDRS TRUST FUNDS FLOW PROCESS This description of the Trust’s funds flow process supplements the Trust’s Prospectus with respect to the procedures to be used by the Distributor and Transfer Agent in processing an order for the creation or redemption of the Trust.

STANDING REDEMPTION INSTRUCTIONS. The Annexes hereto contain the AP’s Standing Redemption Instructions, which includes information identifying the account(s) into which Deposit Securities of each Trust and any other redemption proceeds should be delivered by the Trustee pursuant to a Redemption Order. TO PARTICIPANT AGREEMENT FOR THE BLDRS INVESCO QQQ TRUST BLDRS INVESCO QQQ TRUST FUNDS FLOW PROCESS This description of the Trust’s funds flow process supplements the Trust’s Prospectus with respect to the procedures to be used by the Distributor and Transfer Agent in processing an order for the creation or redemption of the Trust.

STANDING REDEMPTION INSTRUCTIONS. The Annexes hereto contain the AP’s Standing Redemption Instructions, which includes information identifying the account(s) into which Deposit Securities of each Trust and any other redemption proceeds should be delivered by the Trustee pursuant to a Redemption Order. TO PARTICIPANT AGREEMENT FOR THE BLDRS POWERSHARES QQQ TRUST BLDRS POWERSHARES QQQ TRUST FUNDS FLOW PROCESS This description of the Trust’s funds flow process supplements the Trust’s Prospectus with respect to the procedures to be used by the Distributor and Transfer Agent in processing an order for the creation or redemption of the Trust.