BlackRock Alternatives Allocation Master Portfolio LLC Sample Contracts

BlackRock Alternatives Allocation Master Portfolio LLC Limited Liability Company Agreement August 26, 2011

Limited Liability Company Agreement • March 8th, 2012 • BlackRock Alternatives Allocation Master Portfolio LLC • Delaware

• Contract Type
  Limited Liability Company Agreement
• Filed
  March 8th, 2012
• Company
  BlackRock Alternatives Allocation Master Portfolio LLC
• Jurisdiction
  Delaware

THIS LIMITED LIABILITY COMPANY AGREEMENT of BLACKROCK ALTERNATIVES ALLOCATION MASTER PORTFOLIO LLC, is made as of August 26, 2011 and shall be effective as of this date.

SUB-INVESTMENT ADVISORY AGREEMENT

Sub-Investment Advisory Agreement • March 8th, 2012 • BlackRock Alternatives Allocation Master Portfolio LLC • New York

• Contract Type
  Sub-Investment Advisory Agreement
• Filed
  March 8th, 2012
• Company
  BlackRock Alternatives Allocation Master Portfolio LLC
• Jurisdiction
  New York

INVESTMENT MANAGEMENT AGREEMENT

Investment Management Agreement • March 8th, 2012 • BlackRock Alternatives Allocation Master Portfolio LLC • New York

• Contract Type
  Investment Management Agreement
• Filed
  March 8th, 2012
• Company
  BlackRock Alternatives Allocation Master Portfolio LLC
• Jurisdiction
  New York

AGREEMENT, dated _______________, 2012, among the following parties, each of which is a Delaware limited liability company: [Feeder Fund] (the "Feeder Fund"), BlackRock Alternatives Allocation Master Portfolio LLC (the "Master Fund," together with the Feeder Fund, the "Funds"), and BlackRock Advisors, LLC (the "Advisor"), a Delaware limited liability company.