Blackrock Municipal Bond Trust Sample Contracts

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AMONG
Broker-Dealer Agreement • June 12th, 2002 • Blackrock Municipal Bond Trust • New York
BLACKROCK ADVISORS, INC. WAIVER RELIANCE LETTER
Investment Management Agreement • April 25th, 2002 • Blackrock Municipal Bond Trust
BLACKROCK MUNICIPAL BOND TRUST (the “Fund”) File No. 811-21036 Item G.1.b.iii: New or amended investment advisory contracts
Advisory Fee Waiver Agreement • November 13th, 2018 • Blackrock Municipal Bond Trust

This MASTER ADVISORY FEE WAIVER AGREEMENT (this “Agreement”) is made as of the 2nd day of December, 2016, by and among BlackRock Advisors, LLC (the “Adviser”) an “Adviser”) and each investment company listed on Schedule A attached hereto (each, a “Fund”).

Closed-End Funds Listed on Annex A New York, NY 10055
Investment Management Agreement • June 16th, 2011 • Blackrock Municipal Bond Trust • New York

This letter constitutes the agreement (the "Agreement") between the BlackRock registered closed-end investment companies listed on Annex A (the "Funds"), and, solely for purposes of paragraphs 5, 6, 9 and 16 hereof, the BlackRock registered closed-end investment companies listed on Annex B, on the one hand, and Karpus Management, Inc. d/b/a Karpus Investment Management and its affiliates ("Karpus") and Special Opportunities Fund, Inc. and Opportunity Partners L.P. and their affiliates (collectively, the "Goldstein Funds"), on the other hand, with respect to the matters set forth below. Karpus and the Goldstein Funds are collectively referred to herein as the "Investors."

REGISTRAR,
Registrar, Transfer Agency and Service Agreement • April 25th, 2002 • Blackrock Municipal Bond Trust • Massachusetts
BLACKROCK MUNICIPAL BOND TRUST AGREEMENT AND DECLARATION OF TRUST Dated as of February 15, 2002 TABLE OF CONTENTS
Agreement and Declaration of Trust • February 15th, 2002 • Blackrock Municipal Bond Trust • Delaware
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