0001193125-04-145851 Sample Contracts

BLACKROCK FUNDSSM Addendum No. 11 to the Investment Advisory Agreement
Investment Advisory Agreement • August 24th, 2004 • Blackrock Funds

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

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PURCHASE AGREEMENT
Purchase Agreement • August 24th, 2004 • Blackrock Funds

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

LICENSE AGREEMENT
License Agreement • August 24th, 2004 • Blackrock Funds • New York

LICENSE AGREEMENT, dated as of August , 2004 (“the Commencement Date”), by and between Mergent, Inc., a Delaware corporation, having an office at 5250 77 Center Drive, Charlotte, North Carolina 28217 (“Mergent”), and BlackRock Funds, a Massachusetts business trust having an office at 100 Bellevue Parkway, Wilmington, Delaware 19809 (“Licensee”), on behalf of its Dividend Achievers Portfolio (the “Product”).

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