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 • July 30th, 2007 • Master Tax Exempt LLC • New York
LIMITED LIABILITY COMPANY AGREEMENT OF MASTER TAX EXEMPT LLCLimited Liability Company Agreement • July 30th, 2007 • Master Tax Exempt LLC • Delaware
Exhibit 4(a) INVESTMENT MANAGEMENT AGREEMENT AGREEMENT, dated September 29, 2006, between Master Tax-Exempt Trust (the "Trust"), a Delaware statutory trust, and BlackRock Advisors, LLC (the "Advisor"), a Delaware limited liability company. WHEREAS,...Investment Management Agreement • July 30th, 2007 • Master Tax Exempt LLC • New York
