EXHIBIT 13
SUBSCRIPTION AGREEMENT
UBS Private Investor Funds, Inc., a Maryland corporation (the 'Company'),
and Signature Broker-Dealer Services, Inc., a Delaware corporation (the
'Distributor'), hereby agree as follows:
1. The Company hereby offers the Distributor and the Distributor
hereby agrees to purchase the following shares, par value $.001 per share,
of each series ('Series') of the Company: 250 shares at $100.00 per share
representing 250 shares of The UBS Tax Exempt Bond Fund Series; 250 shares
at $100.00 per share representing 250 shares of The UBS Bond Fund Series;
250 shares at $100.00 representing 250 shares of The UBS U.S. Equity Fund
Series; and 250 shares at $100.00 per share representing 250 shares of The
UBS International Equity Fund Series (collectively the 'Shares'). The
Distributor hereby acknowledges receipt of a purchase confirmation
reflecting the purchase of the Shares, and the Fund hereby acknowledges
receipt from the Distributor of cash in the amount of $100,000 in full
payment for the Shares.
2. The Distributor represents and warrants to the Company that the
Shares are being acquired for investment purposes and not with a view to
the distribution thereof.
3. The Distributor agrees that if it redeems the Shares of any
Series prior to the fifth anniversary of the date the Company begins its
investment activities, the Distributor will pay to the Company an amount
equal to the number resulting from multiplying each Series' total
unamortized organizational expenses by a fraction, the numerator of which
is equal to the number of Shares of that Series redeemed by the
Distributor and the denominator of which is equal to the number of shares
of that Series outstanding as of the date of such redemption, as long as
the administrative position of the staff of the Securities and Exchange
Commission requires such reimbursement.
4. The Distributor agrees that any subsequent holder of the Shares
will assume Signature's obligations set forth in paragraph 3 above.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the 31st day of January 1996.
UBS PRIVATE INVESTOR FUNDS, INC.
By: /s/ Xxxxxxx X. Xxxxxxxx
.................................
Name: Xxxxxxx X. Xxxxxxxx
Title: President
SIGNATURE BROKER-DEALER SERVICES, INC.
By: /s/ Xxxxxxx X. Xxxxx
.................................
Name: Xxxxxxx X. Xxxxx
Title: Treasurer
