Exhibit 4(b) SUB-INVESTMENT ADVISORY AGREEMENT AGREEMENT dated September 29, 2006, between BlackRock Advisors, LLC, a Delaware limited liability company (the "Advisor"), and BlackRock Investment Management, LLC, a Delaware limited liability company...Sub-Investment Advisory Agreement • October 5th, 2006 • MASTER Value Opportunities Trust • New York
Exhibit 8(b) PLACEMENT AGENT AGREEMENT AGREEMENT made as of the 29th day of September, 2006, between MASTER VALUE OPPORTUNITIES TRUST, a Delaware statutory trust (the "Trust") and BLACKROCK DISTRIBUTORS, INC., a Delaware corporation (the "Placement...Placement Agent Agreement • October 5th, 2006 • MASTER Value Opportunities Trust • New York
Exhibit 4(a) INVESTMENT MANAGEMENT AGREEMENT AGREEMENT, dated September 29, 2006, between Master Value Opportunities Trust (the "Trust"), a Delaware statutory trust, and BlackRock Advisors, LLC (the "Advisor"), a Delaware limited liability company....Investment Management Agreement • October 5th, 2006 • MASTER Value Opportunities Trust • New York
Exhibit 8(a) PLACEMENT AGENT AGREEMENT AGREEMENT made as of the 29th day of September, 2006, between MASTER VALUE OPPORTUNITIES TRUST, a Delaware statutory trust (the "Trust") and FAM DISTRIBUTORS, INC., a Delaware corporation (the "Placement Agent")....Placement Agent Agreement • October 5th, 2006 • MASTER Value Opportunities Trust • New York
