PURCHASE AGREEMENT
Exhibit l(1)
BlackRock Variable Series Funds, Inc. (the “Company”), a Maryland corporation, on behalf of its series BlackRock International Index V.I. Fund and BlackRock Small Cap Index V.I. Fund (each, a “Fund”), and BlackRock Holdco 2, Inc. (“Holdco 2”), a Delaware corporation, hereby agree as follows:
1. The Company hereby offers Holdco 2 and Holdco 2 hereby purchases 100,000,000 shares of the Class I Share Class of each Fund (the “Shares”) for $0.10 per Share. The Company hereby acknowledges receipt from Holdco 2 of funds in full payment for the foregoing Shares.
2. Holdco 2 represents and warrants to the Company that the foregoing Shares are being acquired for investment purposes and not with a view to the distribution thereof.
- Signature page follows -
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Purchase Agreement as of the 29th day of May, 2018.
| BLACKROCK VARIABLE SERIES FUNDS, INC., on behalf of BlackRock International Index V.I. Fund and BlackRock Small Cap Index V.I. Fund | ||
| By: | /s/ Xxxx X. Xxxxxxxxx | |
| Name: | Xxxx X. Xxxxxxxxx | |
| Title: | President and Chief Executive Officer | |
| BLACKROCK HOLDCO 2, INC. | ||
| By: | /s/ Xxxxxxxx Xxxxxxxxx | |
| Name: | Xxxxxxxx Xxxxxxxxx | |
| Title: | Managing Director | |
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