0001193125-23-284387 Sample Contracts

SUB-INVESTMENT ADVISORY AGREEMENT
Sub-Investment Advisory Agreement • November 28th, 2023 • BlackRock ETF Trust II • New York

This SUB-INVESTMENT ADVISORY AGREEMENT dated , 2023 (this “Agreement”), between BlackRock Fund Advisors, a corporation organized under the laws of California (the “Advisor”), and BlackRock International Limited, a corporation organized under the laws of Scotland (the “Sub-Advisor”).

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SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • November 28th, 2023 • BlackRock ETF Trust II • New York

AGREEMENT dated as of , 2023, between BlackRock Fund Advisors, a corporation organized under the laws of California (the “Adviser”), and BlackRock (Singapore) Limited, a company incorporated under the laws of Singapore (the “Sub-Adviser”).

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • November 28th, 2023 • BlackRock ETF Trust II • New York

INVESTMENT ADVISORY AGREEMENT, dated , 2023, between BlackRock Cayman Total Return ETF, Ltd., a Cayman Islands exempt company (the “Fund”), and BlackRock Fund Advisors, a corporation organized under the laws of the State of California (the “Adviser”).

PURCHASE AGREEMENT
Purchase Agreement • November 28th, 2023 • BlackRock ETF Trust II

BlackRock ETF Trust II (the “Registrant”), a statutory trust under the laws of the State of Delaware, on behalf of its series BlackRock Total Return ETF (the “Fund”) and BlackRock Financial Management, Inc. (the “Purchaser”), a Delaware corporation, hereby agree as follows:

SUB-INVESTMENT ADVISORY AGREEMENT
Sub-Investment Advisory Agreement • November 28th, 2023 • BlackRock ETF Trust II • New York

AGREEMENT dated , 2023, between BlackRock Fund Advisors, a corporation organized under the laws of California (the “Adviser”), and BlackRock (Singapore) Limited, a company incorporated under the laws of Singapore (the “Sub-Adviser”).

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