0001193125-07-069808 Sample Contracts

SUB-INVESTMENT ADVISORY AGREEMENT
Sub-Investment Advisory Agreement • March 30th, 2007 • Master Commodity Strategies Trust • New York

AGREEMENT dated September 29, 2006, between BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”), and BlackRock Financial Management, Inc., a Maryland corporation (the “Sub-Advisor”).

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INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • March 30th, 2007 • Master Commodity Strategies Trust • New York

AGREEMENT, dated September 29, 2006, between Master Real Investment Trust (the “Fund”), a Delaware statutory trust, and BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”).

PLACEMENT AGENT AGREEMENT
Placement Agent Agreement • March 30th, 2007 • Master Commodity Strategies Trust • New York

AGREEMENT made as of the 29th day of September 2006, between MASTER REAL INVESTMENT TRUST, a Delaware statutory trust (the “Trust”), on behalf of itself and such of its series, if any, as may be listed on Appendix A, as such Appendix may be amended from time to time, (the “Series”), and FAM DISTRIBUTORS, INC., a Delaware corporation (the “Placement Agent”).

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