0001193125-04-105262 Sample Contracts

SUB-ADVISORY AGREEMENT Intermediate PLUS Bond and Inflation Protected Bond Portfolios

Sub-Advisory Agreement • June 18th, 2004 • Blackrock Funds • Delaware

• Contract Type
  Sub-Advisory Agreement
• Filed
  June 18th, 2004
• Company
  Blackrock Funds
• Jurisdiction
  Delaware

AGREEMENT dated as of June , 2004, between BlackRock Advisors, Inc., a Delaware corporation (“Adviser”), and BlackRock Financial Management, Inc., a Delaware corporation (“Sub-Adviser”).

PURCHASE AGREEMENT

Purchase Agreement • June 18th, 2004 • Blackrock Funds

• Contract Type
  Purchase Agreement
• Filed
  June 18th, 2004
• Company
  Blackrock Funds

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

BLACKROCK FUNDSSM Addendum No. 10 to the Investment Advisory Agreement

Blackrock Fundssm • June 18th, 2004 • Blackrock Funds

• Contract Type
  Blackrock Fundssm
• Filed
  June 18th, 2004
• Company
  Blackrock Funds

This Addendum dated as of the day of June, 2004 is entered into by and between BLACKROCK FUNDSSM, a Massachusetts business trust (the “Fund”), and BLACKROCK ADVISORS, INC., a Delaware corporation (the “Adviser”).