Exhibit 10.120

 

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_00178932.0

BlackRock Fund Advisors

Attention: Jenni Lee

400 Howard Street

San Francisco, California 94105

August 3, 2015

Dear Jenni:

Reference is hereby made to the Amendment (MSCI reference: AMD_00135107.0) dated
August 15, 2014 (the “Amendment”) to the Index License Agreement for Funds (MSCI
reference number IXF_00040) dated March 18, 2000 (the “Agreement”) by and
between MSCI Inc. (formerly known as Morgan Stanley Capital International Inc.)
(“MSCI”) and BlackRock Fund Advisors, a California corporation (as successor to
Barclays Global Investors, N.A.) (“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 as follows:

 

1. Effective commencing on August 3, 2015, the definition of “Expanded AUM” set
forth in the Amendment shall be deleted and replaced with the following:

“Expanded AUM” means, for any applicable period, the amount (if any) by which
************************************************************************************.

 

2. Effective commencing on August 3, 2015, the following two definitions shall
be added to Section 3 of the Amendment:

“Qualified AUM” means, for any applicable period, an amount equal to
************************************************.

“Reinvested AUM” means, for any applicable period, that *********** which is
directly or indirectly
*************************************************************************************************

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

 

3. Effective commencing on August 3, 2015, the following paragraph shall be
added to Section 3 of the Amendment:

Within *********** days of the end of each *********** Licensee shall provide to
MSCI a
******************************************************************************************************

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

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

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

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.

 

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A.N.: 130339

AMD_00178932.0

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

Very truly yours,

MSCI Inc.

 

By:   /s/ Alex Gil Name:   Alex Gil Title:   Executive Director

ACCEPTED AND AGREED:

BlackRock Fund Advisors

 

By:   /s/ Manish Mehta Name:   Manish Mehta Title:   Managing Director

 

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