0001193125-11-012412 Sample Contracts

UNDERWRITING AGREEMENT
Underwriting Agreement • January 24th, 2011 • Nuveen Arizona Dividend Advantage Municipal Fund 3 • New York
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INVESTMENT SUB-ADVISORY AGREEMENT (Nuveen Closed-End Municipal Bond Funds)
Investment Sub-Advisory Agreement • January 24th, 2011 • Nuveen Arizona Dividend Advantage Municipal Fund 3 • Illinois

THIS AGREEMENT is made as of the 31st day of December, 2010, between Nuveen Fund Advisors, Inc., a Delaware corporation (the “Adviser”), and Nuveen Asset Management, LLC a Delaware limited liability company (the “Sub-Adviser”).

NUVEEN ARIZONA DIVIDEND ADVANTAGE MUNICIPAL FUND 3 RENEWAL OF INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • January 24th, 2011 • Nuveen Arizona Dividend Advantage Municipal Fund 3

This Agreement made this 26th day of May 2010 by and between Nuveen Arizona Dividend Advantage Municipal Fund 3, a Massachusetts business trust (the “Fund”), and Nuveen Asset Management, a Delaware corporation (the “Adviser”);

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