0001193125-08-036198 Sample Contracts

SECOND AMENDMENT
Custodian Services Agreement • February 22nd, 2008 • Blackrock Liquidity Funds

This Second Amendment is an amendment to the Amended and Restated Custodian Services Agreement (as previously Amended) between BlackRock Liquidity Funds (the “Fund”) and PFPC Trust Company (“PFPC Trust”) dated as of February 11, 2004 (the “Agreement”). The date of this Second Amendment is as of September 24, 2007.

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BEAR/BDI WAIVER AGREEMENT
Waiver Agreement • February 22nd, 2008 • Blackrock Liquidity Funds • Delaware

Waiver Agreement (“Bear/BDI Waiver Agreement”) dated as of February 21, 2008 by and among BlackRock Liquidity Funds (the “Trust”), Bear, Stearns Securities Corp. (“Bear Stearns”) and BlackRock Distributors, Inc. (“BDI” and collectively with the Trust and Bear Stearns, the “Parties”).

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