UBS

Recruit Deal

Upfront 140% to 175% (Plus deferred)

Recruiting offer letters issued after November 1, 2016 do not include recruitment incentives triggered by production, asset levels or other targets at UBS regardless of account type. Effective after June 9th, for purposes of all existing arrangements including those entered into prior to November 1, 2016, production for retirement accounts will be calculated based on the Retirement Account Production metric below:

Subject to minimum and maximum thresholds, the Retirement Account Production rate for each Financial Advisor is based on the 2016 revenues and average assets of their retirement accounts as of December 31, 2016 that were still open as of May 1, 2017. IRA account fees are excluded from the calculation.

This calculation also applies to determining compensation.

(More details on page 2: https://adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=455772)

Comp/Payout

2017 Compensation Plan
Revenue New Payout 2016 Payout
$10m + 50% 45%
$7m $9.99m 49% 45%
$5m $6.99m 48% 45%
$3m $4.99m 47% 45%
$1.75m $2.99m 46% 44%
$1m $1.749m 44% 43%
$750,000 $999,999 42% 42%
$625,000 $749,999 41% 41%
$425,000 $624,999 39% 39%
$350,000 $424,999 35% 35%
$250,000 $349,999 33% 33%
$200,000 $249,999 30% 30%
$0 $199,999 28% 28%

2017 Length of Service Award

Production 5-8 Years 9-14 15-24 25+
$5m+ 4.00% 6.00% 8.00% 10.00%
$3.5m – $4.99m 3.00% 5.00% 7.00% 8.00%
$2m – $3.499m 2.50% 4.50% 5.50% 6.50%
$1m – $1.99m 2.00% 3.50% 4.50% 5.50%
$750k – $999k 1.50% 2.50% 3.50% 4.50%