0000891092-12-007582 Sample Contracts

SUB-INVESTMENT ADVISORY AGREEMENT
Sub-Investment Advisory Agreement • December 21st, 2012 • Blackrock Funds • Delaware

AGREEMENT dated December , 2012, between BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”), and BlackRock International Limited, a corporation organized under the laws of England and Wales (the “Sub-Advisor”).

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BLACKROCK FUNDS Addendum No. 7 to the Investment Advisory Agreement
Investment Advisory Agreement • December 21st, 2012 • Blackrock Funds

This Addendum dated as of the th day of _______________, 2012 is entered into by and between BLACKROCK FUNDS, a Massachusetts business trust (the “Fund”) and BLACKROCK ADVISORS, LLC, a Delaware limited liability company (the “Adviser”).

PURCHASE AGREEMENT
Purchase Agreement • December 21st, 2012 • Blackrock Funds

BlackRock FundsSM (the “Fund”), a Massachusetts business trust, and BlackRock Holdco 2, Inc. (“Holdco 2”), a Delaware corporation, hereby agree as follows:

EXHIBIT A
Blackrock Funds • December 21st, 2012

This EXHIBIT A, dated as of September 21, 2012, is Exhibit A to that certain Distribution Agreement dated as of October 1, 2008, between BlackRock FundsSM and BlackRock Investments, Inc. (now BlackRock Investments, LLC)

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • December 21st, 2012 • Blackrock Funds • Delaware

AGREEMENT dated as of , 2012, between BlackRock Advisors, LLC, a Delaware limited liability company (“Adviser”), and BlackRock Financial Management, Inc., a Delaware corporation (“Sub-Adviser”).

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