Exhibit 10.122

 

CONFIDENTIAL TREATMENT REQUESTED. *********** INDICATES OMITTED MATERIAL THAT IS
THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST FILED SEPARATELY WITH THE
COMMISSION. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION.
  

 

A.N.: 130339

AMD_00190103.0

BlackRock Fund Advisors, a California corporation

Attention: Jenni Lee

400 Howard Street

San Francisco, California 94105

December 17, 2015

Dear Ms. Lee:

Reference is hereby made to the Amendment (MSCI reference: AMD_00105603.0) dated
December 10, 2013 (as amended from time to time, the “Amendment”) to the Index
License Agreement for Funds (internal MSCI reference: IXF_00040) dated March 18,
2000 (“Agreement”) by and between MSCI Inc. (formerly known as Morgan Stanley
Capital International Inc.) (“MSCI”) and BlackRock Fund Advisors, a California
corporation (formerly known as Barclays Global Investors, NA.) (“Licensee”). All
capitalized terms used but not defined herein shall have the meanings ascribed
to them in the Amendment or the Agreement, as the case may be.

MSCI and Licensee hereby agree to further modify the Amendment as follows:

 

1 In Section 1 of the Amendment, the parties agree to add the following Indexes:

 

  •   MSCI EAFE Adaptive Hedge to USD Index

 

  •   MSCI EMU Adaptive Hedge to USD Index

 

  •   MSCI Japan Adaptive Hodge to USD Index

 

2. In Section 2 of the Amendment, the parties agree to add the following Hedged
ETFs:

 

  •   iShares Adaptive Currency Hedged MSCI EAFE ETF

 

  •   iShares Adaptive Currency Hedged MSCI Eurozone ETF

 

  •   iShares Adaptive Currency Hedged MSCI Japan ETF

 

3. In the definition of “***********” in Section 3(a) of the Amendment, the
parties agree to add the following *********** for the *********** specified
below:

******************************

******************************

******************************

 

4. The parties agree to add a new Section 3(d) to the Amendment, as follows:

 

  d. Investments by more than one *********** into the same ***********:

For the avoidance of doubt, if more than one
********************************************, then the *********** fees for
*********** shall be calculated by
**********************************************************************

***************************************************************************.

Notwithstanding the foregoing, if the
****************************************************************** for any
reason in any ***********, or if any *********** ceases to exist or to be
subject to the terms of the ********************************************* for
any reason in any ***********, then the fees for each
***************************************************************************
*************************************.

--------------------------------------------------------------------------------

  

 

A.N.: 130339

AMD_00190103.0

This letter modifies and operates in conjunction with the Amendment. Together
this letter, the Amendment and the Agreement constitute the complete and
exclusive statement of the agreement between the parties with respect to the
subject matter hereof and supersede in full all prior proposals and
understandings, oral or written, relating to such subject matter. To the extent
that any terms of this letter conflict with any terms of the Amendment or the
Agreement, the terms of this letter shall control. This letter shall be governed
by, and construed in accordance with, the laws of the State of New York without
regard to its conflict or choice of laws principles.

Please indicate your agreement with the foregoing by countersigning and
returning a copy of this letter to me.

 

Very truly yours, MSCI Inc. By:   /s/ Joko Jacinto Name:   Joko Jacinto Title:  
Vice President ACCEPTED AND AGREED: BlackRock Fund Advisors, a California
corporation By:   /s/ Paul C. Lohrey Name:   Paul C. Lohrey Title:   Managing
Director