Exhibit 10.1

EXECUTION VERSION

AMENDMENT NO. 1 TO FIVE-YEAR REVOLVING CREDIT AGREEMENT
 
THIS AMENDMENT NO. 1 TO FIVE-YEAR REVOLVING CREDIT AGREEMENT (this “Amendment”)
is dated as of March 30, 2012, by and among BLACKROCK, INC., a Delaware
corporation (the “Company”), the Designated Borrowers party hereto (each a
“Designated Borrower” and, together with the Company, the “Borrowers” and, each
a “Borrower”), the banks and other financial institutions or entities party
hereto (the “Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as
administrative agent for the Lenders (in such capacity, the “Administrative
Agent”).
 
Statement of Purpose
 
The Borrowers, the Lenders and the Administrative Agent are parties to that
certain Credit Agreement dated as of March 10, 2011 (as amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
pursuant to which the Lenders have extended certain credit facilities to the
Borrowers.
 
The Borrowers have requested, and the Lenders and the Administrative Agent have
agreed, subject to the terms and conditions set forth herein, to amend the
Credit Agreement as specifically set forth herein.
 
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:
 
1.          Capitalized Terms.  All capitalized undefined terms used in this
Amendment (including, without limitation, in the introductory paragraph and the
Statement of Purpose hereto) shall have the meanings assigned thereto in the
Credit Agreement.

2.          Amendments.  Subject to and in accordance with the terms and
conditions set forth herein, the parties hereto hereby agree that the Credit
Agreement is amended as follows:
 
(a)        Section 1.1 of the Credit Agreement is hereby amended by:
 
(i)           deleting the table in the definition of “Applicable Percentage” in
its entirety and replacing it with the following:
 

   
Applicable Percentage Per Annum
Level
Debt
Rating
LIBOR Rate/ LIBOR Market Index Rate
Base Rate/ Japanese Base Rate
Commitment Fee
I
> AA-
0.750%
0.000%
0.060%
II
A+
0.875%
0.000%
0.080%
III
A
1.000%
0.000%
0.100%
IV
A-
1.125%
0.125%
0.125%
V
≤ BBB+
1.375%
0.375%
0.175%
         

 
 
 

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(ii)           adding the following sentence to the end of the definition of
“Commitments” contained therein:
 
“The Commitment of each Lender is set forth opposite such Lender’s name on
Schedule 1.1(b) or in the Register (giving effect to any Assignment and
Assumption), as applicable, as such amount may be adjusted from time to time in
accordance with this Agreement.”
 
(iii)           deleting the following definitions in their entirety and
replacing them with the following:
 
“‘Maturity Date’ means the earliest to occur of (a) March 30, 2017 (as such date
may be extended with respect to consenting Lenders pursuant to Section 2.10),
(b) the date of termination by the Company pursuant to Section 2.6, or (c) the
date of termination pursuant to Section 11.2(a).”
 
‘Non-Consenting Lender’ means any Lender that either (a) has not consented to
any proposed amendment, modification, waiver or termination of any Loan Document
which, pursuant to Section 13.2, requires the consent of such Lender and with
respect to which the Required Lenders shall have granted their consent or (b)
constitutes a Non-Consenting Lender with respect to any requested extension of
the Maturity Date pursuant to Section 2.10.”
 
(b)        Article II of the Credit Agreement is hereby amended by adding the
following new Section 2.10 immediately after the end of Section 2.9.
 
“SECTION 2.10.  Extension of Maturity Date in respect of Revolving Credit
Facility.
 
(a)           Requests for Extension.  The Company may, by notice to the
Administrative Agent (who shall promptly notify the Lenders) made not later than
35 days prior to the latest Maturity Date in effect hereunder in respect of the
Revolving Credit Facility (the “Existing Maturity Date”), make up to two
requests that each Revolving Credit Lender extend such Lender’s Maturity Date in
respect of the Revolving Credit Facility for an additional period of time equal
to exactly one year from the Existing Maturity Date (the date of such request,
the “Extension Request Date”), which notice shall set forth the desired
effective date (which shall be a Business Day) for such extension (the
“Requested Extension Date”) and the desired extended Maturity Date (the
“Extended Maturity Date”).
 
(b)           Lender Elections to Extend.  Each Revolving Credit Lender, acting
in its sole and individual discretion, shall, by notice to the Administrative
Agent given not later than the date (the “Notice Date”) that is 15 days after
the Extension Request Date, advise the Administrative Agent whether or not such
Revolving Credit Lender agrees to such extension, and each Revolving Credit
Lender that determines not to so extend its Maturity Date shall notify the
Administrative Agent of such fact promptly after such determination (but in any
event no later than the Notice Date) and shall constitute a “Non-Consenting
Lender” hereunder, and any Revolving Credit Lender that does not so advise the
Administrative Agent on or before the Notice Date shall be deemed to be a
Non-Consenting Lender with respect to such extension.  The election of any
Revolving
 
 
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Credit Lender to agree to such extension shall not obligate any other Revolving
Credit Lender to so agree.
 
(c)           Notification by Administrative Agent.  The Administrative Agent
shall notify the Company of each Revolving Credit Lender’s determination under
this Section no later than the date 20 days after the Extension Request Date
(or, if such date is not a Business Day, on the next preceding Business Day).
 
(d)           Additional Commitment Lenders.  The Company shall have the right
to replace each Non-Consenting Lender with, and add as “Revolving Credit
Lenders” under this Agreement in place thereof, one or more Eligible Assignees
(each, an “Additional Commitment Lender”) as provided in Section 4.14; provided
that each of such Additional Commitment Lenders shall enter into an Assignment
and Assumption in connection with any such extension of the Maturity Date
pursuant to which such Additional Commitment Lender shall undertake a Revolving
Credit Commitment (and, if any such Additional Commitment Lender is already a
Revolving Credit Lender, its Revolving Credit Commitment shall be in addition to
any other Revolving Credit Commitment of such Lender hereunder on such date)
from one or more Non-Consenting Lenders.  Additional Commitment Lenders shall
only become Revolving Lenders pursuant to Section 4.14 if the extension request
is approved pursuant to subsection (e) below.
 
(e)           Minimum Extension Requirement.  Solely to the extent the total of
the Revolving Credit Commitments of the Revolving Credit Lenders (including the
Additional Commitment Lenders) that have agreed to extend their Maturity Date
(each, including the Additional Commitment Lenders, an “Extending Lender”) shall
be more than 50% of the Aggregate Commitments in effect immediately prior to the
Requested Extension Date, then, effective as of the Requested Extension Date,
the Maturity Date of each Extending Lender shall be extended to the Extended
Maturity Date.
 
(f)           Changes to Applicable Percentage.  In connection with any
extension of the Maturity Date made pursuant to this Section 2.10, the
Applicable Percentage applicable to Loans made and to be made by Extending
Lenders may be modified without any consent of any Non-Consenting Lender,
provided that no such modification shall apply to the Loans of the
Non-Consenting Lenders unless the Company and the Administrative Agent (without
any requirement of consultation with or approval by any Non-Consenting Lender)
determine that such change should apply to the Loans of the Non-Consenting
Lenders and either (i) such Non-Consenting Lender has consented to such change
(notwithstanding its not consenting to the extension of the Maturity Date) or
(ii) such change represents an increase in the Applicable Percentage applicable
to the Loans of the Non-Consenting Lenders.
 
(g)           Conditions to Effectiveness of Extensions.  As a condition
precedent to such extension, the Company shall deliver to the Administrative
Agent a certificate of each Borrower and Guarantor dated as of the Requested
Extension Date signed by a Responsible Officer of such Person (i) certifying and
attaching the resolutions adopted by such Person approving or consenting to such
extension and (ii) in the case of the Company, certifying that, before and after
giving effect to such extension, (A) the representations and warranties
contained in Article VI are true and correct in all material respects on and as
of the Requested Extension Date with the same effect as if made on
 
 
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and as of such date, except for any representation and warranty made as of an
earlier date, which representation and warranty shall remain true and correct in
all material respects as of such earlier date, and (B) no Default exists.  In
addition, on the Maturity Date of each Non-Consenting Lender, the Borrowers
shall (x) prepay any Revolving Credit Loans outstanding on such date (and pay
any additional amounts required pursuant to Section 4.11) to the extent
necessary to keep outstanding Revolving Credit Loans ratable with any revised
Commitment Percentages of the respective Lenders effective as of such date and
(y) make such other prepayments of Revolving Loans (including any additional
amounts required pursuant to Section 4.11) and/or Swingline Loans outstanding on
such date and/or cash collateralize Letters of Credit in accordance with, and to
the extent necessary to comply with, Section 2.5(b) after giving effect to the
reduction in Commitments occurring on such Maturity Date.
 
(h)           Extension by Additional Lenders.  At any time after the
effectiveness of an extension of the Maturity Date pursuant to this Section 2.10
but prior to the Maturity Date in effect with regard to such Lender prior to it
becoming an Extending Lender, any Lender that is originally a Non-Consenting
Lender in connection with any extension that becomes effective may, prior to the
effectiveness of any assignment of such Non-Consenting Lender’s Commitment
pursuant to Section 4.14, agree to become an Extending Lender by a writing
delivered to the Administrative Agent and the Company, and promptly after
receipt of such writing by the Administrative Agent, such Lender shall be an
Extending Lender.
 
(i)           Conflicting Provisions.  This Section shall supersede any
provisions in Section 4.4, 4.6 or 13.2 to the contrary.”
 
(c)        Section 13.1(a) of the Credit Agreement is hereby amended by deleting
the reference to “Robert P. Connolly, Esquire” therein.
 
(d)        Section 13.2 of the Credit Agreement is hereby amended by deleting
the first sentence thereof (but not deleting subsections (a) through (h) thereof
or any provisos or paragraphs thereafter) in its entirety and replacing it with
the following:
 
“Except as set forth below or as specifically provided in any Loan Document, any
term, covenant, agreement or condition of this Agreement or any of the other
Loan Documents may be amended or waived by the Lenders, and any consent given by
the Lenders, if, but only if, such amendment, waiver or consent is in writing
signed by the Required Lenders (or by the Administrative Agent with the consent
of the Required Lenders) and delivered to the Administrative Agent and, in the
case of an amendment, signed by the Company and each Designated Borrower;
provided that, except as expressly provided in Section 2.10 hereof, no
amendment, waiver or consent shall:”
 
(e)        The Credit Agreement is hereby amended by adding Schedule 1.1(b)
thereto, as attached hereto as Exhibit A to this Amendment, which such Schedule
1.1(b) reflects the Commitments as of the date of this Amendment, after giving
effect to the Master Assignment and Assumption to be entered into immediately
prior to the effectiveness of this Amendment.
 
(f)         If at any time on or prior to the date that is 60 calendar days
after the date of this Amendment (i) the Company provides to the Administrative
Agent notice of intent to effectuate this Section 2(f) of the Amendment and the
date of such effectiveness, which shall not be less
 
 
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than three Business Days after the date of such notice (the “Proposed Increased
Commitment Effective Date”), and which such notice shall be promptly provided to
the Lenders by the Administrative Agent, (ii) no Default or Event of Default has
occurred and is continuing at the time of such notice or on the Proposed
Increased Commitment Effective Date, (iii) each Borrower has delivered to the
Administrative Agent a certificate of a Responsible Officer of such Borrower
certifying that attached thereto is a true, correct and complete copy of
resolutions duly adopted by the board of directors or shareholders, as
applicable, of such Borrower authorizing the increase of the Aggregate
Commitment from $3,500,000,000 to an amount not less than the Aggregate
Commitment reflected on the Schedule 1.1(b) attached as Exhibit B hereto, which
such resolutions are reasonably satisfactory to the Administrative Agent and its
counsel and (iv) the Company has paid the fees set forth in Section 7(c) hereof
with respect thereto, then on the Proposed Increased Commitment Effective Date
(or such later date as is necessary to satisfy the conditions set forth in this
Section 2(f) and agreed by the Company and the Administrative Agent) the
principal amount of the Aggregate Commitment shall be increased to the amount of
the Aggregate Commitment reflected on the Schedule 1.1(b) attached as Exhibit B
and the principal amount of the Commitment of each Lender shall be the amount
set forth under the heading “Commitment” under such Lender’s name on the
Schedule 1.1(b) attached as Exhibit B, and Schedule 1.1(b), as originally
attached hereto as Exhibit A, shall be replaced by the Schedule 1.1(b) as
attached hereto as Exhibit B, and such replacement Schedule 1.1(b) and a notice
of the effectiveness of this Section 2(f) shall be provided to the Lenders by
the Administrative Agent.  The parties agree that (A) no increase of the
Aggregate Commitment pursuant to this Section 2(f) shall constitute any usage of
the capacity of the Company to increase the Aggregate Commitment set forth in
Section 2.7 of the Credit Agreement, (B) no increase of the Aggregate Commitment
pursuant to this Section 2(f) shall increase or otherwise affect the Japanese
Yen Commitment, L/C Commitment or the Swingline Commitment, and (C) if no notice
is provided pursuant to this Section 2(f) by the date that is 60 calendar days
after the date of this Amendment, or the conditions thereto are not satisfied by
the date that is 70 calendar days after the date of this Amendment, then in
either such case the amendment provided in this Section 2(f) shall not be
effective and shall not be capable of being effectuated.
 
3.          Effectiveness.  This Amendment shall become effective on the date
when the Administrative Agent or Wells Fargo Securities, LLC (“Wells Fargo
Securities”), as applicable, shall have received (a) a fully-executed Master
Assignment and Assumption Agreement giving effect to all assignments of the
Commitments of Non-Consenting Lenders to be made pursuant to Section 4.14 of the
Credit Agreement or otherwise in connection herewith, so that after giving
effect thereto the Commitments are as set forth on Schedule 1.1(b) to the Credit
Agreement (as attached as Exhibit A to this Amendment), (b) counterparts of this
Amendment executed by the Borrowers, the Guarantor, all of the Lenders (after
giving effect to the Master Assignment & Assumption Agreement) and (c) payment
of all fees, costs and expenses set forth in Sections 7(a) and (b) of this
Amendment.
 
4.          Limited Effect.  Except as expressly provided herein, the Credit
Agreement and the other Loan Documents shall remain unmodified and in full force
and effect.  This Amendment shall not be deemed (a) to be a waiver of, or
consent to, or a modification or amendment of, any other term or condition of
the Credit Agreement or any other Loan Document other than as expressly set
forth herein, (b) to prejudice any right or rights which the Administrative
Agent or the Lenders may now have or may have in the future under or in
connection with the Credit Agreement or the other Loan Documents or any of the
instruments or agreements referred to therein, as the same may be amended,
restated, supplemented or modified from time to time, or (c) to be a commitment
or any other undertaking or expression of any willingness to engage in any
further discussion with the Borrower, any of its Subsidiaries or any other
Person with respect to any other waiver, amendment, modification or any other
change to the Credit

 
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Agreement or the Loan Documents or any rights or remedies arising in favor of
the Lenders or the Administrative Agent, or any of them, under or with respect
to any such documents.  References in the Credit Agreement to “this Agreement”
(and indirect references such as “hereunder”, “hereby”, “herein”, “hereof” or
other words of like import) and in any Loan Document to the “Credit Agreement”
shall be deemed to be references to the Credit Agreement as modified hereby.

5.          Representations and Warranties.  Each Borrower and Guarantor
represents and warrants that (a) it has the corporate power and authority to
make, deliver and perform this Amendment, (b) it has taken all necessary
corporate or other action to authorize the execution, delivery and performance
of this Amendment, (c) this Amendment has been duly executed and delivered on
behalf of such Person, (d) this Amendment constitutes a legal, valid and binding
obligation of such Person, enforceable against it in accordance with its terms,
except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law), (e) each of the
representations and warranties contained in Article VI of the Credit Agreement
are true and correct in all material respects on and as of the date hereof with
the same effect as if made on and as of the date hereof, except for any
representation and warranty made as of an earlier date, which representation and
warranty shall remain true and correct in all material respects as of such
earlier date and (f) no Default or Event of Default has occurred and is
continuing as of the date hereof or after giving effect hereto.

6.          Acknowledgement and Reaffirmation.  By their execution hereof, each
Borrower and the Guarantor hereby expressly (a) consents to this Amendment
(including the increase in the Aggregate Commitments provided in Section 2(f) in
the event the Increase Effective Date occurs), (b) acknowledges that the
covenants, representations, warranties and other obligations set forth in the
Credit Agreement, the Notes and the other Loan Documents to which such Borrower
or the Guarantor is a party remain in full force and effect (it being understood
and agreed that to the extent any such covenants, representations, warranties or
other obligations are expressly modified herein, such covenants,
representations, warranties or obligations shall continue in full force and
effect as expressly modified herein) and (c) acknowledges and agrees that this
Amendment shall constitute a “Loan Document” for all purposes of the Credit
Agreement and the other Loan Documents.

7.          Costs, Expenses and Taxes.  The Company agrees to pay:

(a)           in accordance with Section 13.3 of the Credit Agreement, but
subject to the provisions set forth in Section 5 of that certain commitment
letter dated as of March 12, 2012 from Wells Fargo and the other commitment
parties thereto to the Company, all reasonable and invoiced out-of-pocket costs
and expenses of the Administrative Agent and Wells Fargo Securities in
connection with the preparation, execution, delivery, administration of this
Amendment and the other instruments and documents to be delivered hereunder,
including, without limitation, the reasonable and invoiced fees and
out-of-pocket expenses of counsel for the Administrative Agent and Wells Fargo
Securities;

(b)           all fees payable pursuant to that certain letter agreement by and
among the Company, Wells Fargo, Wells Fargo Securities, LLC and Citigroup Global
Markets Inc., dated as of March 12, 2012; and

(c)           without duplication of any amount payable pursuant to subparagraph
(b) above, in the event that the amendment provided in Section 2(f) hereof is
effectuated, whether on the Proposed Increased Commitment Effective Date or a
later time as provided therein (the “Increase Effective Date”), a fee to each
Lender whose Commitment is increased as a result thereof in an
 
 
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amount equal to the sum of (i) 0.02% times the amount of such increase up to the
amount of the Commitment of such Lender in effect prior to the effectiveness of
this Amendment plus (ii) 0.10% times the amount, if any, by which the Commitment
of such Lender on the Increase Effective Date exceeds the Commitment of  such
Lender in effect prior to the effectiveness of this Amendment.
 

8.          Execution in Counterparts.  This Amendment may be executed by one or
more of the parties to this Amendment on any number of separate counterparts,
and all of said counterparts taken together shall be deemed to constitute one
and the same instrument.  Delivery of an executed signature page of this
Amendment by facsimile or electronic (pdf) transmission shall be effective as
delivery of a manually executed counterpart hereof.

9.          Governing Law.  This Amendment and the rights and obligations of the
parties under this Amendment shall be governed by, and construed and interpreted
in accordance with, the law of the state of New York (including Section 5-1401
and Section 5-1402 of the General Obligations Law of the State of New York),
without reference to any other conflicts or choice of law principles thereof.
 
10.        Entire Agreement.  This Amendment is the entire agreement, and
supersedes any prior agreements and contemporaneous oral agreements, of the
parties concerning its subject matter.
 
11.        Successors and Assigns.  This Amendment shall be binding on and inure
to the benefit of the parties and their heirs, beneficiaries, successors and
permitted assigns.
 
[Signature Pages Follow]
 

 

 
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their duly authorized officers or representatives, all as of the day and year
first written above.
 

 
BORROWERS:
     
BLACKROCK, INC.,
 
as Borrower and Guarantor
         
By:
 
/s/ Amy Engel
 
Name:
 
Amy Engel
 
Title:
 
Managing Director and Treasurer
         
BLACKROCK GROUP LIMITED,
 
as Designated Borrower
         
By:
 
/s/ James DesMarais
 
Name:
 
James DesMarais
 
Title:
 
Managing Director
         
BLACKROCK HOLDINGS DEUTSCHLAND GMBH,
 
as Designated Borrower
         
By:
 
/s/ Andrej Brodnik
 
Name:
 
Andrej Brodnik
 
Title:
 
Managing Director
     
By:
 
/s/ Steven P. Bayly
 
Name:
 
Steven P. Bayly
 
Title:
 
Managing Director
     
AGENT AND LENDERS:
     
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline
Lender, Issuing Lender, L/C Agent and Lender
         
By:
 
/s/ Karen Hanke
 
Name:
 
Karen Hanke
 
Title:
 
Director

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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CITIBANK, N.A., as Lender
         
By:
 
/s/ Maureen P. Maroney
 
Name:
 
Maureen P. Maroney
 
Title:
 
Authorized Signatory

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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BANK OF AMERICA, N.A., as Lender
         
By:
 
/s/ Philip P. Whewell
 
Name:
 
Philip P. Whewell
 
Title:
 
Assistant Vice President

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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BARCLAYS BANK PLC, as Lender
         
By:
 
/s/ David Barton
 
Name:
 
David Barton
 
Title:
 
Director

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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JPMORGAN CHASE BANK, N.A., as Lender
         
By:
 
/s/ Ayesha Umer
 
Name:
 
Ayesha Umer
 
Title:
 
Vice President

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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MORGAN STANLEY BANK, N.A., as Lender
         
By:
 
/s/ Michael King
 
Name:
 
Michael King
 
Title:
 
Authorized Signatory

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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DEUTSCHE BANK AG NEW YORK BRANCH, as Lender
         
By:
 
/s/ Virginia Cosenza
 
Name:
 
Virginia Cosenza
 
Title:
 
Vice President
                 
By:
 
/s/ Ming K. Chu
 
Name:
 
Ming K. Chu
 
Title:
 
Vice President

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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SUMITOMO MITSUI BANKING CORPORATION, as a Lender and as the Japanese Yen Lender
         
By:
 
/s/ William G. Karl
 
Name:
 
William G. Karl
 
Title:
 
General Manager

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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CREDIT SUISSE AG, Cayman Islands Branch, as Lender
         
By:
 
/s/ Doreen Barr
 
Name:
 
Doreen Barr
 
Title:
 
Director
                 
By:
 
/s/ Michael D. Spaight
 
Name:
 
Michael D. Spaight
 
Title:
 
Associate

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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GOLDMAN SACHS BANK USA, as Lender
         
By:
 
/s/ Mark Walton
 
Name:
 
Mark Walton
 
Title:
 
Authorized Signatory

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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HSBC BANK USA, NATIONAL ASSOCIATION, as Lender
         
By:
 
/s/ Stephanie W. Lee
 
Name:
 
Stephanie W. Lee
 
Title:
 
Director

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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MIZUHO CORPORATE BANK, LTD., as Lender
         
By:
 
/s/ Naoshi Inomata
 
Name:
 
Naoshi Inomata
 
Title:
 
Deputy General Manager

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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THE ROYAL BANK OF SCOTLAND PLC, as Lender
         
By:
 
/s/ Kevin Beatty
 
Name:
 
Kevin Beatty
 
Title:
 
Vice President

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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UBS AG, STAMFORD BRANCH, as Lender
         
By:
 
/s/ Mary E. Evans
 
Name:
 
Mary E. Evans
 
Title:
 
Associate Director
                 
By:
 
/s/ Irja R. Otsa
 
Name:
 
Irja R. Otsa
 
Title:
 
Associate Director

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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ROYAL BANK OF CANADA, as Lender
         
By:
 
/s/ Patrizia Lloyd
 
Name:
 
Patrizia Lloyd
 
Title:
 
Authorized Signatory

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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STATE STREET BANK AND TRUST COMPANY, as Lender
         
By:
 
/s/ Karen A. Gallagher
 
Name:
 
Karen A. Gallagher
 
Title:
 
Vice President

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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THE BANK OF NEW YORK MELLON, as Lender
         
By:
 
/s/ Joanne Carey
 
Name:
 
Joanne Carey
 
Title:
 
Vice President

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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U.S. BANK NATIONAL ASSOCIATION, as Lender
         
By:
 
/s/ Barry K. Chung
 
Name:
 
Barry K. Chung
 
Title:
 
Senior Vice President

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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BANCO SANTANDER, S.A., NEW YORK BRANCH, as Lender
         
By:
 
/s/ Rita Walz Cuccioli
 
Name:
 
Rita Walz Cuccioli
 
Title:
 
Executive Director
                 
By:
 
/s/ Terence Corcoran
 
Name:
 
Terence Corcoran
 
Title:
 
Senior Vice President

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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BNP PARIBAS, as Lender
         
By:
 
/s/ Christian Mundigo
 
Name:
 
Christian Mundigo
 
Title:
 
Co-Head of Fixed Income Americas
                 
By:
 
/s/ M. Andrews Yeo
 
Name:
 
M. Andrews Yeo
 
Title:
 
Managing Director

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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CREDIT AGRICOLE, as Lender
         
By:
 
/s/ Gina Harth-Cryde
 
Name:
 
Gina Harth-Cryde
 
Title:
 
Managing Director
                 
By:
 
/s/ Stephanie Publie
 
Name:
 
Stephanie Publie
 
Title:
 
Managing Director

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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SOCIETE GENERALE, as Lender
         
By:
 
/s/ Shelly Yu
 
Name:
 
Shelly Yu
 
Title:
 
Director

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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STANDARD CHARTERED BANK, as Lender
         
By:
 
/s/ John C. Fell
 
Name:
 
John C. Fell
 
Title:
 
Managing Director
                 
By:
 
/s/ Andrew Y. Ng
 
Name:
 
Andrew Y. Ng
 
Title:
 
Director

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as Lender
         
By:
 
/s/ Oscar D. Cortez
 
Name:
 
Oscar D. Cortez
 
Title:
 
Vice President

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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NOMURA CORPORATE FUNDING AMERICAS, LLC, as Lender
         
By:
 
/s/ James Merli
 
Name:
 
James Merli
 
Title:
 
Managing Director

BlackRock, Inc.
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
Signature Pages
 
 

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Exhibit A
(to Amendment No. 1 to Five-Year Revolving Credit Agreement)

Schedule 1.1(b)
(to Five-Year Revolving Credit Agreement)

Commitments

   
Commitment
   
Percentage
Wells Fargo Bank, National Association
  $ 216,000,000.00       6.171428571 %
Citibank, N.A.
  $ 214,000,000.00       6.114285714 %
JPMorgan Chase Bank, N.A.
  $ 214,000,000.00       6.114285714 %
Morgan Stanley Bank, N.A.
  $ 214,000,000.00       6.114285714 %
Bank of America, N.A.
  $ 214,000,000.00       6.114285714 %
Barclays Bank PLC
  $ 214,000,000.00       6.114285714 %
Deutsche Bank AG New York Branch
  $ 214,000,000.00       6.114285714 %
HSBC Bank USA, N.A.
  $ 170,000,000.00       4.857142857 %
The Royal Bank of Scotland plc
  $ 170,000,000.00       4.857142857 %
UBS AG, Stamford Branch
  $ 170,000,000.00       4.857142857 %
Credit Suisse AG, Cayman Islands Branch
  $ 170,000,000.00       4.857142857 %
Mizuho Corporate Bank, Ltd.
  $ 170,000,000.00       4.857142857 %
Goldman Sachs Bank USA
  $ 170,000,000.00       4.857142857 %
State Street Bank and Trust Company
  $ 170,000,000.00       4.857142857 %
The Bank of New York Mellon
  $ 170,000,000.00       4.857142857 %
Royal Bank of Canada
  $ 120,000,000.00       3.428571429 %
U.S. Bank National Association
  $ 120,000,000.00       3.428571429 %
BNP Paribas
  $ 50,000,000.00       1.428571429 %
Credit Agricole
  $ 50,000,000.00       1.428571429 %
Banco Santander, SA, New York Branch
  $ 50,000,000.00       1.428571429 %
Societe Generale
  $ 50,000,000.00       1.428571429 %
Standard Chartered
  $ 50,000,000.00       1.428571429 %
Sumitomo Mitsui Banking Corporation
  $ 50,000,000.00       1.428571429 %
Nomura Corporate Funding Americas, LLC
  $ 50,000,000.00       1.428571429 %
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  $ 50,000,000.00       1.428571429 %                  
Total
  $ 3,500,000,000       100.000000000 %

BlackRock, Inc.
Exhibit A
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)
 
 

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

 

Exhibit B
(to Amendment No. 1 to Five-Year Revolving Credit Agreement)

Schedule 1.1(b)
(to Five-Year Revolving Credit Agreement)

Commitments

   
Commitment
   
Percentage
Wells Fargo Bank, National Association
  $ 255,000,000.00       6.737120211 %
Citibank, N.A.
  $ 255,000,000.00       6.737120211 %
JPMorgan Chase Bank, N.A.
  $ 255,000,000.00       6.737120211 %
Morgan Stanley Bank, N.A.
  $ 255,000,000.00       6.737120211 %
Bank of America, N.A.
  $ 255,000,000.00       6.737120211 %
Barclays Bank PLC
  $ 255,000,000.00       6.737120211 %
Deutsche Bank AG New York Branch
  $ 255,000,000.00       6.737120211 %
HSBC Bank USA, N.A.
  $ 170,000,000.00       4.491413474 %
The Royal Bank of Scotland plc
  $ 170,000,000.00       4.491413474 %
UBS AG, Stamford Branch
  $ 170,000,000.00       4.491413474 %
Credit Suisse AG
  $ 170,000,000.00       4.491413474 %
Mizuho Corporate Bank, Ltd.
  $ 170,000,000.00       4.491413474 %
Goldman Sachs Bank USA
  $ 170,000,000.00       4.491413474 %
State Street Bank and Trust Company
  $ 170,000,000.00       4.491413474 %
The Bank of New York Mellon
  $ 170,000,000.00       4.491413474 %
Royal Bank of Canada
  $ 120,000,000.00       3.170409511 %
U.S. Bank National Association
  $ 120,000,000.00       3.170409511 %
BNP Paribas
  $ 50,000,000.00       1.321003963 %
Credit Agricole
  $ 50,000,000.00       1.321003963 %
Banco Santander, SA, New York Branch
  $ 50,000,000.00       1.321003963 %
Societe Generale
  $ 50,000,000.00       1.321003963 %
Standard Chartered
  $ 50,000,000.00       1.321003963 %
Sumitomo Mitsui Banking Corporation
  $ 50,000,000.00       1.321003963 %
Nomura Corporate Funding Americas, LLC
  $ 50,000,000.00       1.321003963 %
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  $ 50,000,000.00       1.321003963 %                  
Total
  $ 3,785,000,000       100.000000000 %

 
BlackRock, Inc.
Exhibit B
Amendment No. 1 to Five-Year Revolving Credit Agreement (2012)