Form of Addendum to the Administration Agreement
Exhibit (8)(b)
Form of Addendum to the Administration Agreement
This Addendum dated as of [ ], 2017 (the “Addendum”) to the Administration Agreement is entered into by and between BlackRock FundsSM and BlackRock Funds II, both Massachusetts business trusts (collectively, the “Trust”) and BlackRock Advisors, LLC (the “Administrator”), a Delaware limited liability company. Capitalized terms used herein and not otherwise defined shall have the meaning or meanings as set forth in the Administration Agreement (as defined below).
WHEREAS, the Trust and the Administrator have entered into an Administration Agreement dated January 1, 2015 (the “Administration Agreement”) pursuant to which the Trust retained the Administrator to provide certain administration services; and
WHEREAS, the Administration Agreement provides that, in the event that the Trust establishes one or more additional series other than the Funds named on Schedule B with respect to which it desires to retain the Administrator to act as administrator thereunder, the Trust shall notify the Administrator; and it further provides that, if the Administrator is willing to render such services under the Agreement, it shall accept such appointment pursuant to an addendum to the Agreement, whereupon Schedule B shall be supplemented (or amended) and, subject to such approval as may be required pursuant to Section 13 thereof, such series shall become a “Fund” thereunder and shall be subject to the provisions of the Agreement to the same extent as the Funds (except to the extent that said provisions may be modified in writing by the Trust and the Administrator at the time); and
WHEREAS, the Board of Trustees of BlackRock Funds II, including a majority of those Trustees who are not interested persons of BlackRock Funds II, specifically approved the establishment of BlackRock LifePath® Smart Beta 2060 Fund (the “New Fund”) and the appointment of the Administrator to provide certain administration services therefor at an in-person meeting held on February 15, 2017;
NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:
| 1. | Appointment. The Trust hereby appoints the Administrator to act as the administrator of the New Fund for the period and on the terms set forth in the Administration Agreement. The Administrator hereby accepts such appointment and agrees to render the services set forth in the Administration Agreement with respect to the New Fund. |
| 2. | Capitalized Terms. From and after the date hereof, the term “Fund” as used in the Administration Agreement shall be deemed to include BlackRock LifePath® Smart Beta 2060 Fund. |
| 3. | Schedule. Schedule B to the Administration Agreement shall be amended to add the New Fund so that Schedule B is amended and restated as attached hereto. |
| 4. | Compensation. The Administrator shall receive from the New Fund a fee as agreed to between the Administrator and the Trust from time to time, together with out-of-pocket expenses. |
| 5. | Miscellaneous. Except to the extent supplemented hereby, the Administration Agreement shall remain unchanged and in full force and effect, and is hereby ratified and confirmed in all respects as supplemented hereby. |
IN WITNESS WHEREOF, the parties hereto have caused this Addendum to the Administration Agreement to be executed by their officers designated below as of the day and year first above written.
| BLACKROCK FUNDSSM on behalf of each BlackRock FundsSM Fund listed on Schedule B | ||
| By: | ||
| Name: | [ ] | |
| Title: | [ ] | |
| on behalf of BlackRock Funds II Fund listed on Schedule B | ||
| By: | ||
| Name: | [ ] | |
| Title: | [ ] | |
| BLACKROCK ADVISORS, LLC | ||
| By: | ||
| Name: | [ ] | |
| Title: | [ ] | |
Schedule B
BLACKROCK FUNDSSM
BlackRock Advantage Large Cap Core Fund
BlackRock Advantage Small Cap Core Fund
BlackRock Advantage Small Cap Growth Fund
BlackRock All-Cap Energy & Resources Portfolio
BlackRock Alternative Capital Strategies Fund
BlackRock Commodity Strategies Fund
BlackRock Cayman Commodity Strategies Fund, Ltd.
BlackRock Emerging Markets Dividend Fund
BlackRock Emerging Markets Equity Strategies Fund
BlackRock Emerging Markets Long/Short Equity Fund
BlackRock Energy & Resources Portfolio
BlackRock Exchange Portfolio
BlackRock Flexible Equity Fund
BlackRock Flexible Equity Fund Subsidiary, Ltd.
BlackRock Global Long/Short Credit Fund
BlackRock Global Long/Short Equity Fund
BlackRock Global Opportunities Portfolio
BlackRock Health Sciences Opportunities Portfolio
BlackRock Impact Bond Fund
BlackRock Impact U.S. Equity Fund
BlackRock International Opportunities Portfolio
BlackRock Mid-Cap Growth Equity Portfolio
BlackRock Money Market Portfolio
BlackRock Multi-Manager Alternative Strategies Fund
Cayman Multi-Manager Alternatives Fund, Ltd.
BlackRock Real Estate Securities Fund
BlackRock Science & Technology Opportunities Portfolio
BlackRock Short Obligations Fund
BlackRock Tactical Opportunities Fund
BlackRock Total Emerging Markets Fund
BlackRock Cayman Emerging Market Allocation Fund, Ltd.
BlackRock Total Factor Fund
BlackRock Cayman Strategic Risk Allocation Fund, Ltd.
BlackRock U.S. Opportunities Portfolio
BLACKROCK FUNDS II
BlackRock 20/80 Target Allocation Fund
BlackRock 40/60 Target Allocation Fund
BlackRock 60/40 Target Allocation Fund
BlackRock 80/20 Target Allocation Fund
BlackRock Core Bond Portfolio
BlackRock Credit Strategies Income Fund
BlackRock Dynamic High Income Portfolio
BlackRock Emerging Markets Flexible Dynamic Bond Portfolio
BlackRock Floating Rate Income Portfolio
BlackRock Global Dividend Portfolio
BlackRock GNMA Portfolio
BlackRock High Yield Bond Portfolio
BlackRock Inflation Protected Bond Portfolio
BlackRock LifePath® Smart Beta 2020 Fund
BlackRock LifePath® Smart Beta 2025 Fund
BlackRock LifePath® Smart Beta 2030 Fund
BlackRock LifePath® Smart Beta 2035 Fund
BlackRock LifePath® Smart Beta 2040 Fund
BlackRock LifePath® Smart Beta 2045 Fund
BlackRock LifePath® Smart Beta 2050 Fund
BlackRock LifePath® Smart Beta 2055 Fund
BlackRock LifePath® Smart Beta 2060 Fund
BlackRock LifePath® Smart Beta Retirement Fund
BlackRock Low Duration Bond Portfolio
BlackRock Managed Income Fund
BlackRock Multi-Asset Income Portfolio
BlackRock Strategic Income Opportunities Portfolio
BlackRock U.S. Government Bond Portfolio
Schedule B, dated [ ], 2017
