0000940400-15-000669 Sample Contracts

BlackRock Funds (the "Registrant"): BlackRock Real Estate Securities Fund (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 the...
Sub-Advisory Agreement Agreement • September 28th, 2015 • Blackrock Funds • Delaware

SUB-ADVISORY AGREEMENT AGREEMENT dated as of March 11, 2015, between BlackRock Advisors, LLC, a Delaware limited liability company ("Adviser"), and BlackRock (Singapore) Limited, a company incorporated under the laws of Singapore ("Sub-Adviser"). WHEREAS, Adviser has agreed to furnish investment advisory services to BlackRock Real Estate Securities Fund (the "Portfolio") of BlackRock FundsSM, a Massachusetts business trust (the "Fund"), which is an open-end, management investment company registered under the Investment Company Act of 1940, as amended ("1940 Act"); and WHEREAS, Adviser wishes to retain Sub-Adviser to provide it with certain sub-advisory services as described below in connection with Adviser's advisory activities on behalf of the Portfolio; WHEREAS, the investment advisory agreement between Adviser and the Fund dated September 29, 2006 (such Agreement or the most recent successor agreement between such parties relating to advisory services to the Portfolio is referred to

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BlackRock Funds (the "Registrant"): BlackRock Real Estate Securities Fund (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 the...
Sub-Investment Advisory Agreement • September 28th, 2015 • Blackrock Funds • Delaware

SUB-INVESTMENT ADVISORY AGREEMENT AGREEMENT dated March 11, 2015, between BlackRock Advisors, LLC, a Delaware limited liability company (the "Advisor"), and BlackRock International Limited, a corporation organized under the laws of Scotland (the "Sub-Advisor"). WHEREAS, the Advisor has agreed to furnish investment advisory services to BlackRock Real Estate Securities Fund (the "Fund"), a series of BlackRock FundsSM, a Massachusetts business trust (the "Trust"), which is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); WHEREAS, the Advisor wishes to retain the Sub-Advisor to provide it with certain sub-advisory services as described below in connection with Advisor's advisory activities on behalf of the Fund; WHEREAS, the amended advisory agreement between the Advisor and the Trust, dated September 29, 2006 (such agreement or the most recent successor agreement between such parties relating to advisory services t

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