A VARIABLE RATE ACCOUNT AND MAY CARRY EACH
FIXED RATE ADVANCE IN A FIXED RATE ACCOUNT, BUT ALL ADVANCES WILL CONSTITUTE
EXTENSIONS OF CREDIT PURSUANT TO A SINGLE CREDIT LINE. THE APPROVED AMOUNT WILL
BE DETERMINED, AND MAY BE ADJUSTED FROM TIME TO TIME, BY THE BANK IN ITS SOLE
AND ABSOLUTE DISCRETION.
B)
THE BORROWER AND EACH OTHER LOAN PARTY UNDERSTAND AND AGREE THAT THE BANK
MAY DEMAND FULL OR PARTIAL PAYMENT OF THE CREDIT LINE OBLIGATIONS, AT ITS SOLE
AND ABSOLUTE DISCRETION AND WITHOUT CAUSE, AT ANY TIME, AND THAT NEITHER FIXED
RATE ADVANCES NOR VARIABLE RATE ADVANCES ARE EXTENDED FOR ANY SPECIFIC TERM OR
DURATION.
C)
UNLESS DISCLOSED IN WRITING TO THE BANK AT THE TIME OF THE APPLICATION,
AND APPROVED BY THE BANK, THE BORROWER AGREES NOT TO USE THE PROCEEDS OF ANY
ADVANCE EITHER TO PURCHASE, CARRY OR TRADE IN SECURITIES OR TO REPAY ANY DEBT
(I) USED TO PURCHASE, CARRY OR TRADE IN SECURITIES OR (II) TO ANY AFFILIATE OF
THE BANK. THE BORROWER WILL BE DEEMED TO REPEAT THE AGREEMENT IN THIS
SECTION 2(C) EACH TIME IT REQUESTS AN ADVANCE.
D)
PRIOR TO THE FIRST ADVANCE UNDER THE CREDIT LINE, THE BORROWER MUST SIGN
AND DELIVER TO THE BANK A FEDERAL RESERVE FORM U-1 AND ALL OTHER DOCUMENTATION
AS THE BANK MAY REQUIRE. THE BORROWER ACKNOWLEDGES THAT NEITHER THE BANK NOR ANY
OF ITS AFFILIATES HAS ADVISED THE BORROWER IN ANY MANNER REGARDING THE PURPOSES
FOR WHICH THE CREDIT LINE WILL BE USED.
E)
THE BORROWER CONSENTS AND AGREES THAT, IN CONNECTION WITH ESTABLISHING
THE CREDIT LINE ACCOUNT, APPROVING ANY ADVANCES TO THE BORROWER OR FOR ANY OTHER
PURPOSE ASSOCIATED WITH THE CREDIT LINE, THE BANK MAY OBTAIN A CONSUMER OR OTHER
CREDIT REPORT FROM A CREDIT REPORTING AGENCY RELATING TO THE BORROWER'S CREDIT
HISTORY. UPON REQUEST BY THE BORROWER, THE BANK WILL INFORM THE BORROWER
(I) WHETHER OR NOT A CONSUMER OR OTHER CREDIT REPORT WAS REQUESTED, AND (II) IF
SO, THE NAME AND ADDRESS OF THE CONSUMER OR OTHER CREDIT REPORTING AGENCY THAT
FURNISHED THE REPORT.
F)
THE BORROWER UNDERSTANDS THAT THE BANK WILL, DIRECTLY OR INDIRECTLY, PAY
A PORTION OF THE INTEREST THAT IT RECEIVES TO THE BORROWER'S FINANCIAL ADVISOR
AT UBS FINANCIAL SERVICES INC. OR ONE OF ITS AFFILIATES. TO THE EXTENT PERMITTED
BY APPLICABLE LAW, THE BANK MAY ALSO CHARGE THE BORROWER FEES FOR ESTABLISHING
AND SERVICING THE CREDIT LINE ACCOUNT.
G)
FOLLOWING EACH MONTH IN WHICH THERE IS ACTIVITY IN THE BORROWER'S CREDIT
LINE ACCOUNT IN AMOUNTS GREATER THAN $1, THE BORROWER WILL RECEIVE AN ACCOUNT
STATEMENT SHOWING THE NEW BALANCE, THE AMOUNT OF ANY NEW ADVANCES, YEAR TO DATE
INTEREST CHARGES, PAYMENTS AND OTHER CHARGES AND CREDITS THAT HAVE BEEN
REGISTERED OR POSTED TO THE CREDIT LINE ACCOUNT.
H)
EACH OF THE LOAN PARTIES UNDERSTANDS AND AGREES THAT THE BANK MAY, AT ANY
TIME, IN ITS SOLE AND ABSOLUTE DISCRETION, TERMINATE AND CANCEL THE CREDIT LINE
REGARDLESS OF WHETHER OR NOT AN EVENT HAS OCCURRED. IN