Effective as of April 1, 2007Administration and Accounting Services Compensation • December 21st, 2007 • Blackrock Liquidity Funds
This letter, amended and restated as of April 1, 2007, constitutes our agreement with respect to the compensation of PFPC Inc. (“Sub-Administrator”) under the Sub-Administration Agreement dated February 21, 2006 between BlackRock Institutional Management Corporation (“BlackRock”) and Sub-Administrator, as amended or amended and restated from time to time (the “Agreement”). The Agreement relates to the provision of services by Sub-Administrator to BlackRock that relate to each of BlackRock Liquidity Funds’ (the “Company”) investment portfolios (individually, a “Fund” and collectively, the “Funds”) and/or classes thereof. BlackRock shall pay to Sub-Administrator the compensation set forth below with respect to its provision of services under the Agreement. This fee letter supersedes all previous fee letters with respect to the fees set forth herein.
