0001193125-05-245938 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • December 21st, 2005 • Blackrock Liquidity Funds

AGREEMENT made as of , 2006 between BlackRock Liquidity Funds (formerly, BlackRock Provident Institutional Funds), a Delaware statutory trust (the “Company”), and BlackRock Institutional Management Corporation (“BlackRock”), a Delaware corporation registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”).

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SUB-ADMINISTRATION AGREEMENT
Sub-Administration Agreement • December 21st, 2005 • Blackrock Liquidity Funds

This Agreement is made as of , 2006 between BlackRock Institutional Management Corporation, a Delaware corporation (“BlackRock”) and PFPC Inc., a Massachusetts corporation (“Sub-Administrator”), with respect to BlackRock Liquidity Funds, a Delaware statutory trust (the “Company”).

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