PURCHASE AGREEMENT
Exhibit 99_(l)(1)
BlackRock Funds V (the “Trust”), a Massachusetts business trust, on behalf of its series BlackRock Core Bond Portfolio, BlackRock Credit Strategies Income Fund, BlackRock Emerging Markets Bond Fund, BlackRock Emerging Markets Flexible Dynamic Bond Portfolio, BlackRock Emerging Markets Local Currency Bond Fund, BlackRock Floating Rate Income Portfolio, BlackRock GNMA Portfolio, BlackRock High Yield Bond Portfolio, BlackRock Inflation Protected Bond Portfolio, BlackRock Low Duration Bond Portfolio, BlackRock Strategic Income Opportunities Portfolio and BlackRock U.S. Government Bond Portfolio (each, a “Fund”), and BlackRock Financial Management, Inc. (“BFM”), a Delaware corporation, hereby agree as follows:
1. The Trust hereby offers BFM and BFM hereby purchases one share of each share class of each Fund set forth in Schedule A hereto (the “Shares”) for $10 per Share. The Trust hereby acknowledges receipt from BFM of funds in full payment for the foregoing Shares.
2. BFM represents and warrants to the Trust that the foregoing Shares are being acquired for investment purposes and not with a view to the distribution thereof.
3. The names “BlackRock Funds V” and “Trustees of BlackRock Funds V” refer respectively to the Trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated April 19, 2018, which is hereby referred to and a copy of which is on file at the office of the Secretary of the Commonwealth of Massachusetts and at the principal office of the Trust, as may be amended from time to time. The obligations of “BlackRock Funds V” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Trust personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Trust must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Trust.
- Signature page follows -
IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Purchase Agreement as of the 18th day of July, 2018.
on behalf of BlackRock Core Bond Portfolio, BlackRock Credit Strategies Income Fund, BlackRock Emerging Markets Bond Fund, BlackRock Emerging Markets Flexible Dynamic Bond Portfolio, BlackRock Emerging Markets Local Currency Bond Fund, BlackRock Floating Rate Income Portfolio, BlackRock GNMA Portfolio, BlackRock High Yield Bond Portfolio, BlackRock Inflation Protected Bond Portfolio, BlackRock Low Duration Bond Portfolio, BlackRock Strategic Income Opportunities Portfolio and BlackRock U.S. Government Bond Portfolio | ||
By: | /s/ Xxxx Xxxxxxxxx | |
Name: | Xxxx Xxxxxxxxx | |
Title: | President and Chief Executive Officer |
BLACKROCK FINANCIAL MANAGEMENT, INC. | ||
By: | /s/ Xxxxxxxx Xxxxxxxxx | |
Name: | Xxxxxxxx Xxxxxxxxx | |
Title: | Managing Director |
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Schedule A
Fund Name |
Share Classes | |
BlackRock Low Duration Bond Portfolio |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
R Shares | ||
Service Shares | ||
Investor A1 | ||
Investor C2 | ||
Investor C3 | ||
T Shares | ||
BlackRock U.S. Government Bond Portfolio |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
R Shares | ||
Service Shares | ||
Investor C1 | ||
BlackRock Core Bond Portfolio |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
R Shares | ||
Service Shares |
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Fund Name |
Share Classes | |
BlackRock Inflation Protected Bond Portfolio |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
R Shares | ||
Service Shares | ||
BlackRock GNMA Portfolio |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
R Shares | ||
Service Shares | ||
BlackRock High Yield Bond Portfolio |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
R Shares | ||
Service Shares | ||
T Shares | ||
Investor C1 | ||
BlackRock Emerging Markets Flexible Dynamic Bond Portfolio |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
BlackRock Strategic Income Opportunities Portfolio |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
T Shares |
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Fund Name |
Share Classes | |
BlackRock Credit Strategies Income Fund |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
BlackRock Floating Rate Income Portfolio |
Investor A | |
Investor C | ||
Institutional Shares | ||
K Shares | ||
Investor C1 | ||
BlackRock Emerging Markets Bond Fund |
Institutional Shares | |
K Shares | ||
BlackRock Emerging Markets Local Currency Bond Fund |
Institutional Shares | |
K Shares |
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