0001193125-11-150548 Sample Contracts

ADMINISTRATION AGREEMENT
Administration Agreement • May 25th, 2011 • BlackRock Funds III • New York

AGREEMENT, dated February 14, 2011, between BlackRock Funds III (the “Fund”), a Delaware business trust, on behalf of itself and each of its series listed on Exhibit A (each a “Portfolio” and together the “Portfolios”), and BlackRock Institutional Trust Company, N.A. (the “Administrator”), a national banking association organized under the laws of the United States.

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