0001193125-06-014257 Sample Contracts

BLACKROCK FUNDSSM Addendum No. 14 to the Investment Advisory Agreement

Investment Advisory Agreement • January 27th, 2006 • Blackrock Funds

• Contract Type
  Investment Advisory Agreement
• Filed
  January 27th, 2006
• Company
  Blackrock Funds

This Addendum dated as of the day of , 2006 is entered into by and between BLACKROCK FUNDSSM, a Massachusetts business trust (the “Fund”), and BLACKROCK ADVISORS, INC., a Delaware corporation (the “Adviser”).

PURCHASE AGREEMENT

Purchase Agreement • January 27th, 2006 • Blackrock Funds

• Contract Type
  Purchase Agreement
• Filed
  January 27th, 2006
• Company
  Blackrock Funds

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

SUB-ADVISORY AGREEMENT Global Opportunities Portfolio

Sub-Advisory Agreement • January 27th, 2006 • Blackrock Funds • Delaware

• Contract Type
  Sub-Advisory Agreement
• Filed
  January 27th, 2006
• Company
  Blackrock Funds
• Jurisdiction
  Delaware

AGREEMENT dated as of January , 2006, between BlackRock Advisors, Inc., a Delaware corporation (“Adviser”), and BlackRock Financial Management, Inc., a Delaware corporation (“Sub-Adviser”).