Form of Amendment No. 1 Administration Agreement

EX-99.(H)(2) 13 d564697dex99h2.htm FORM OF AMENDMENT NO. 1 ADMINISTRATION AGREEMENT Form of Amendment No. 1 Administration Agreement

Exhibit (h)(2)

Amendment No. 1 to the Administration Agreement

This Amendment No. 1 dated as of , 2018 (the “Amendment”) to the Administration Agreement (as defined below) is entered into by and among BlackRock Funds^SM, BlackRock Funds II, BlackRock Funds IV and BlackRock Funds V, each a Massachusetts business trust, and BlackRock Advisors, LLC (the “Administrator”), a Delaware limited liability company. Capitalized terms used herein and not otherwise defined shall have the meaning or meanings as set forth in the Administration Agreement.

WHEREAS, BlackRock Funds^SM and BlackRock Funds II and the Administrator have entered into an Administration Agreement dated January 1, 2015 (the “Administration Agreement”) pursuant to which each of BlackRock Funds^SM and BlackRock Funds II retained the Administrator to provide certain administration services with respect to it and its respective series;

WHEREAS, the Board of Trustees of BlackRock Funds^SM and the Board of Trustees of BlackRock Funds II has each approved the reorganization (the “Reorganization”) of certain series of BlackRock Funds^SM and BlackRock Funds II, as applicable (collectively, the “Existing Funds”), into newly created series (collectively, the “New Funds”) of BlackRock Funds IV and BlackRock Funds V (together, the “Additional Trusts”), each a Massachusetts business trust, respectively;

WHEREAS, the Reorganization of each Existing Fund will result in the complete liquidation of such Existing Fund;

WHEREAS, the Board of Trustees of BlackRock Funds IV, including a majority of those Trustees who are not interested persons of BlackRock Funds IV, approved the establishment of each New Fund that is a series of BlackRock Funds IV and the appointment of the Administrator to provide certain administration services to BlackRock Funds IV and its respective New Funds at an in-person meeting held on May 17-18, 2018;

WHEREAS, the Board of Trustees of BlackRock Funds V, including a majority of those Trustees who are not interested persons of BlackRock Funds V, approved the establishment of each New Fund that is a series of BlackRock Funds V and the appointment of the Administrator to provide certain administration services to BlackRock Funds V and its respective New Funds at an in-person meeting held on May 8, 2018; and

WHEREAS, that parties desire to add each of BlackRock Funds IV and BlackRock Funds V as a party to the Administration Agreement.

NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

1. Appointment. Each Additional Trust hereby appoints the Administrator to act as the administrator of the Additional Trust and its respective New Funds listed on Schedule B for the period and on the terms set forth in the Administration Agreement. The Administrator hereby accepts such appointment and agrees to render the services set forth in the Administration Agreement with respect to each Additional Trust and its respective New Series.

2. Capitalized Terms. From and after the date hereof, the term “Trust” as used in the Administration Agreement shall be deemed to include the Additional Trusts. From and after the date hereof, the term “Fund” as used in the Administration Agreement shall be deemed to include the New Funds.

3. Schedule. Schedule B to the Administration Agreement shall be amended to add the Additional Trusts and the New Funds so that Schedule B is amended and restated as attached hereto.

4. Compensation. The Administrator shall receive from each Additional Fund a fee pursuant to Schedule A of the Administration Agreement.

5. Miscellaneous.

(a)

Except to the extent supplemented hereby, the Administration Agreement shall remain unchanged and in full force and effect, and is hereby ratified and confirmed in all respects as supplemented hereby.

(b)

The names “BlackRock Funds^SM” and “Trustees of BlackRock Funds^SM, “BlackRock Funds II” and “Trustees of BlackRock Funds II”, “BlackRock Funds IV” and “Trustees of BlackRock Funds IV”, and “BlackRock Funds V” and “Trustees of BlackRock Funds V” refer respectively to the applicable Trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust, as amended from time to time, which is hereby referred to and a copy of which is on file at the office of the Secretary of The Commonwealth of Massachusetts and at the principal office of the applicable Trust. The obligations of “BlackRock Funds^SM”, “BlackRock Funds II”, “BlackRock Funds IV” and “BlackRock Funds V” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders, officers, representatives or agents of the applicable Trust personally, but bind only the Trust Property, and all persons dealing with any Fund or class of Shares of the Trust must look solely to the Trust Property belonging to such Fund or class for the enforcement of any claims against the Trust.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Administration Agreement to be executed by their officers designated below as of the day and year first above written.

BLACKROCK FUNDS^SM

on behalf of each BlackRock Funds^SMFund listed on Schedule B



By:
Name:
Title:

BLACKROCK FUNDS II

on behalf of each BlackRock Funds IIFund listed on Schedule B



By:
Name:
Title:

BLACKROCK FUNDS IV

on behalf of each BlackRock Funds IVFund listed on Schedule B



By:
Name:
Title:

BLACKROCK FUNDS V

on behalf of each BlackRock Funds VFund listed on Schedule B



By:
Name:
Title:



BLACKROCK ADVISORS, LLC



By:
Name:
Title:

Schedule B

BLACKROCK FUNDS^SM

BlackRock Advantage Emerging Markets Fund

BlackRock Advantage International Fund

BlackRock Advantage Large Cap Growth Fund

BlackRock Advantage Small Cap Core Fund

BlackRock Advantage Small Cap Growth Fund

BlackRock All-Cap Energy & Resources Portfolio

BlackRock Alternative Capital Strategies Fund

BlackRock Commodity Strategies Fund

BlackRock Cayman Commodity Strategies Fund, Ltd.

BlackRock Emerging Markets Dividend Fund

BlackRock Emerging Markets Equity Strategies Fund

BlackRock Energy & Resources Portfolio

BlackRock Exchange Portfolio

BlackRock Global Long/Short Credit Fund

BlackRock Global Long/Short Equity Fund

BlackRock Health Sciences Opportunities Portfolio

BlackRock High Equity Income Fund

BlackRock Impact Bond Fund

BlackRock Impact U.S. Equity Fund

BlackRock International Dividend Fund

BlackRock Mid-Cap Growth Equity Portfolio

BlackRock Money Market Portfolio

BlackRock Real Estate Securities Fund

BlackRock Technology Opportunities Fund

BlackRock Short Obligations Fund

BlackRock Tactical Opportunities Fund

BlackRock Total Emerging Markets Fund

BlackRock Cayman Emerging Market Allocation Fund, Ltd.

BlackRock Total Factor Fund

BlackRock Cayman Strategic Risk Allocation Fund, Ltd.

BLACKROCK FUNDS II

BlackRock 20/80 Target Allocation Fund

BlackRock 40/60 Target Allocation Fund

BlackRock 60/40 Target Allocation Fund

BlackRock 80/20 Target Allocation Fund

BlackRock Core Bond Portfolio

BlackRock Credit Strategies Income Fund

BlackRock Dynamic High Income Portfolio

BlackRock Emerging Markets Bond Fund

BlackRock Emerging Markets Flexible Dynamic Bond Portfolio

BlackRock Emerging Markets Local Currency Bond Fund

BlackRock Floating Rate Income Portfolio

BlackRock Global Dividend Portfolio

BlackRock GNMA Portfolio

BlackRock High Yield Bond Portfolio

BlackRock Inflation Protected Bond Portfolio

BlackRock LifePath^®Smart Beta 2020 Fund

BlackRock LifePath^®Smart Beta 2025 Fund

BlackRock LifePath^®Smart Beta 2030 Fund

BlackRock LifePath^®Smart Beta 2035 Fund

BlackRock LifePath^®Smart Beta 2040 Fund

BlackRock LifePath^®Smart Beta 2045 Fund

BlackRock LifePath^®Smart Beta 2050 Fund

BlackRock LifePath^®Smart Beta 2055 Fund

BlackRock LifePath^®Smart Beta 2060 Fund

BlackRock LifePath^®Smart Beta Retirement Fund

BlackRock Low Duration Bond Portfolio

BlackRock Managed Income Fund

BlackRock Multi-Asset Income Portfolio

BlackRock Strategic Income Opportunities Portfolio

BlackRock U.S. Government Bond Portfolio

BLACKROCK FUNDS IV