Master Bond LLC (the "Registrant")
Master Total Return Portfolio (the "Fund")
77Q1(e):
Copies of any new or amended Registrant investment advisory
contracts
Attached please find as an exhibit to sub-item 77Q1(e) of Form
N-SAR, a copy of Amendment No. 1 to the Investment Management
Agreement between BlackRock Advisors, LLC and the Registrant, on
behalf of the Fund.
Exhibit 77Q1(e)
Amendment No. 1 to the Investment Management Agreement
This Amendment No. 1 to the Investment Management
Agreement dated as of November 21, 2014 (the "Amendment") is
entered into by and between Master Bond LLC, a Delaware limited
liability company (the "Master LLC"), on behalf of Master Total
Return Portfolio (the "Series"), and BlackRock Advisors, LLC, a
Delaware limited liability company (the "Adviser").
WHEREAS, the Master LLC, on behalf of the Series, and
the Adviser have entered into an Investment Management Agreement
dated as of September 29, 2006 (the "Management Agreement")
pursuant to which the Adviser agreed to act as investment
adviser to the Series; and
WHEREAS, the Management Agreement provides that the
Master LLC, on behalf of the Series, will pay to the Adviser a
monthly fee in arrears at an annual rate equal to the amount set
forth in Schedule A thereto; and
WHEREAS, the Management Agreement may be amended in
accordance with Section 14 of the Management Agreement; and
WHEREAS, the Board of Directors, including a majority
of those Directors who are not interested persons of the Master
LLC, approved an amendment to the Management Agreement as set
out in this Amendment at an in-person meeting held on November
11, 2014.
NOW, THEREFORE, the parties hereto, intending to be
legally bound, hereby agree as follows:
1.
Schedule A of the Management Agreement is hereby
amended as set forth on the Appendix A attached
hereto with respect to the Series.
2.
Except as otherwise set forth herein, the terms
and conditions of the Management Agreement shall
remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused
this Amendment No. 1 to the Investment Management Agreement to
be executed by their officers designated below as of the
day and year first written above.
MASTER BOND LLC
By:
/s/ Xxxx X. Xxxxxxxxx
Name: Xxxx X. Xxxxxxxxx
Title: President and Chief Executive Officer
BLACKROCK ADVISORS, LLC
By:
/s/ Xxxx X. Xxxxxxx
Name: Xxxx X. Xxxxxxx
Title: Managing Director
Appendix A
Advisory Fee (as a percentage of average
daily net assets)
Master Total Return Portfolio
First $250 million 0.16%
$250 million - $500 million 0.12%
$500 million - $750 million 0.08%
Over $750 million 0.05%
