0001193125-10-227841 Sample Contracts

Morgan Stanley & Co. Incorporated MASTER AGREEMENT AMONG UNDERWRITERS REGISTERED SEC OFFERINGS (INCLUDING MULTIPLE SYNDICATE OFFERINGS) AND EXEMPT OFFERINGS (OTHER THAN OFFERINGS OF MUNICIPAL SECURITIES)
Master Agreement Among Underwriters • October 12th, 2010 • Nuveen Arizona Dividend Advantage Municipal Fund • New York

This Master Agreement Among Underwriters (this “Master AAU”), dated as of April 1, 2009, is by and between Morgan Stanley & Co. Incorporated (“Morgan Stanley,” or “we”) and the party named on the signature page hereof (an “Underwriter,” as defined in Section 1.1 hereof, or “you”). From time to time we or one or more of our affiliates may invite you (and others) to participate on the terms set forth herein as an underwriter or an initial purchaser, or in a similar capacity, in connection with certain offerings of securities that are managed solely by us or with one or more other co-managers. If we invite you to participate in a specific offering and sale of securities (an “Offering”) to which this Master AAU will apply, we will send the information set forth in Section 1.1 hereof to you by one or more wires, telexes, telecopy or electronic data transmissions, or other written communications (each, a “Wire,” and collectively, an “AAU”), unless you are otherwise deemed to have accepted an

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UNDERWRITING AGREEMENT
Underwriting Agreement • October 12th, 2010 • Nuveen Arizona Dividend Advantage Municipal Fund • New York
NUVEEN ARIZONA DIVIDEND ADVANTAGE MUNICIPAL FUND RENEWAL OF INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • October 12th, 2010 • Nuveen Arizona Dividend Advantage Municipal Fund

This Agreement made this 26th day of May 2010 by and between Nuveen Arizona Dividend Advantage Municipal Fund, a Massachusetts business trust (the “Fund”), and Nuveen Asset Management, a Delaware corporation (the “Adviser”);

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