0001193125-22-204732 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • July 28th, 2022 • BlackRock Private Investments Fund • New York

AGREEMENT, dated April 21, 2022, between Cayman Private Investments Fund, Ltd. (the “Fund”), a Cayman Islands exempted company, and BlackRock Advisors, LLC (the “Advisor”), a Delaware limited liability company.

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SUB-INVESTMENT ADVISORY AGREEMENT
Sub-Investment Advisory Agreement • July 28th, 2022 • BlackRock Private Investments Fund • New York

AGREEMENT dated April 21, 2022, among Cayman Private Investments Fund, Ltd., a Cayman Islands exempted company (the “Fund”), BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”), and BlackRock Capital Investment Advisors, LLC, a Delaware limited liability company (the “Sub-Advisor”).

AMENDMENT NO. 1 TO EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • July 28th, 2022 • BlackRock Private Investments Fund

This Amendment No. 1 to the Expense Limitation Agreement (this “Amendment”) is entered into by and between BlackRock Advisors, LLC, a Delaware limited liability company (“BlackRock”), and BlackRock Private Investments Fund, a Delaware statutory trust (the “Fund”), effective as of September 30, 2021. Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Agreement (as defined below), as amended hereby.

AMENDMENT NO. 2 TO EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • July 28th, 2022 • BlackRock Private Investments Fund

This Amendment No. 2 to the Expense Limitation Agreement (this “Amendment”) is entered into by and between BlackRock Advisors, LLC, a Delaware limited liability company (“BlackRock”), and BlackRock Private Investments Fund, a Delaware statutory trust (the “Fund”), effective as of April 19, 2022. Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Agreement (as defined below), as amended to date.

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