0001193125-21-220737 Sample Contracts

SUB-INVESTMENT ADVISORY AGREEMENT
Sub-Investment Advisory Agreement • July 21st, 2021 • BlackRock Funds V • Delaware

This SUB-INVESTMENT ADVISORY AGREEMENT dated July 21, 2021 (this “Agreement”), between BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”), and BlackRock International Limited, a corporation organized under the laws of Scotland (the “Sub-Advisor”).

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Addendum No. 1 to the Investment Advisory Agreement
Investment Advisory Agreement • July 21st, 2021 • BlackRock Funds V

This Addendum No. 1 to the Investment Advisory Agreement, dated as of July 21, 2021, is entered into by and between BlackRock Funds V, a Massachusetts business trust (the “Fund”), and BlackRock Advisors, LLC, a Delaware limited liability company (the “Adviser”).

PURCHASE AGREEMENT
Purchase Agreement • July 21st, 2021 • BlackRock Funds V

BlackRock Funds V (the “Registrant”), a Massachusetts business trust, on behalf of its series BlackRock Sustainable High Yield Bond Fund (the “Fund”), and BlackRock Financial Management, Inc. (the “Purchaser”), a Delaware corporation, hereby agree as follows:

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