0001193125-16-751641 Sample Contracts

Form of Amendment No. 1 to the Investment Management Agreement
Investment Management Agreement • October 28th, 2016 • Blackrock Municipal Bond Fund, Inc.

This Amendment No. 1 to the Investment Management Agreement dated as of November 1, 2016 (the “Amendment”) is entered into by and between BlackRock Municipal Bond Fund, Inc., a Maryland corporation (the “Corporation”), on behalf of its series, BlackRock High Yield Municipal Fund (the “Fund”), and BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”).

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Amendment No. 1 to the Investment Management Agreement
Investment Management Agreement • October 28th, 2016 • Blackrock Municipal Bond Fund, Inc.

This Amendment No. 1 to the Investment Management Agreement dated as of October 1, 2015 (the “Amendment”) is entered into by and between BlackRock Municipal Bond Fund, Inc., a Maryland corporation (the “Corporation”), on behalf of its series, BlackRock National Municipal Fund (the “Fund”), and BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”).

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