Schedule No. 11043 to the Master Index License Agreement for Index Based Funds



 Exhibit 10.60 
 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. 
 WFNIA/CA 
 SCA-11043 
 Schedule No. 11043 to the 

Master Index License Agreement for Index Based Funds 
 between 
 MSCI Inc. (“MSCI”) 

and 

BlackRock Institutional Trust Company, N.A. (formerly, Barclays 

Global Investors, N.A.) 
 (“Licensee”) 
 dated as of March 18, 2000 (the
“Agreement”) 
 Effective Date of this Schedule No. 11043 is September 1, 2010. This Schedule shall not be
effective until signed by both parties. 
  

	I.	NAME OF THE INDEX(ES): 

 MSCI KLD Social
400 Index 
 MSCI USA ESG Select Index 
  

	II.	DESCRIPTION OF THE FUND(S) 

 Licensee may
use the Index and Marks solely with respect to the Fund(s) listed in this Schedule No. 11043. 
 The Fund(s) are to be issued, sold and
traded on a public basis in accordance with the applicable rules of the exchange(s) below and all applicable securities laws, rules and regulations. 
 The Funds(s) shall be limited to: United States domestic unit trust shares, whose interests may be listed and traded on national securities exchanges or stock markets. 

The Fund(s) shall be exchange traded. They must be listed and traded on a U.S. regulated securities exchange, automated quote system or other regulated
U.S. securities market. 
 Neither the Agreement nor this Schedule gives Licensee the right to create or offer any futures, options or other
derivatives based on the Indexes. Notwithstanding the foregoing, Licensee may hold futures, options or other derivative securities as constituent holdings of the Fund(s). 
 A copy of the relevant prospectus or offering document of the Fund(s) is attached hereto as Exhibit 1. The Fund(s) may not contain any share class other than those specified in the relevant prospectus or
offering documents attached hereto. 

  
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 Name and Detailed Description of the Fund(s): 

iShares MSCI USA ESG Select Social Index Fund 
 iShares MSCI KLD 400 Social Index Fund 
 Each of the funds seeks to provide exposure to the
appropriate underlying index before fees and expenses. 
 Each Fund will be named or identified as indicated above. Licensee may not materially
change the name or description of any of the Fund(s) above without the prior written consent of MSCI. 
 MSCI acknowledges and agrees that the
Licensee marks are and will remain the exclusive property of Licensee, and that all goodwill that attaches to the Licensee marks as a result of their use in the Composite Marks will redound to the exclusive benefit of Licensee. Licensee acknowledges
and agrees that the MSCI Marks are and will remain the exclusive property of MSCI, and that all goodwill that attaches to the MSCI Marks as a result of their use by Licensee including, without limitation, in the Composite Marks, will redound to the
exclusive benefit of MSCI. The Composite Marks will be owned neither by Licensee nor MSCI. Neither party will register or apply for registration of the Composite Marks. Upon termination of this Schedule, neither party will have ownership of or the
right to use the Composite Marks. However, the parties’ respective ownership rights will persist in the constituent MSCI Marks and Licensee Marks that together comprise the Composite Marks. 

 

	III.	LICENSE FEES: 

 If Licensee is the only
ETF licensee in the United States for the specified index below, the following annual license fees will apply: 
 MSCI USA ESG Select Index

 Licensee will pay an annual License Fee ***********. 
 MSCI KLD Social 400 Index 
  

			
	 AUM of the Relevant Fund
	  	 Annual License Fee

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

 For each index above, in the event that
Licensee is not the sole licensee for ETFs in the United States based on the index, Licensee will pay an annual License Fee ***********. 

***********. 
 For purposes of this Schedule,
“AUM” shall mean a Fund’s average daily assets under management during the relevant period. “Expense Ratio” shall mean the amount of a Fund’s assets used to pay its expenses during a given time period, expressed as a
percentage of the Fund’s average daily net assets over the same time period, including without limitation, the total management fee, rule 12b-1 fees (or the equivalent) and all other Fund expenses. A Fund’s Expense Ratio shall be the
Fund’s “Total Fund Operating Expense” as published by a Fund for the relevant period. Notwithstanding anything to the contrary contained herein, ***********. 
 For purposes of clarity, the fees are calculated per Fund and not in aggregate. 
  

	IV.	SPECIAL CONDITIONS: 

 Licensee
acknowledges and agrees that: 
  

	•	 	 MSCI is the owner or licensor of the Services under this Schedule and all title and ownership rights in and to the Services, and all rights therein and
legal protections with respect thereto, remain exclusively with 



  
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MSCI and/or its licensors, if any. Licensee will not challenge or contest, or assist any third party in challenging or contesting the validity of MSCI’s and/or its licensors’ rights in
or to the Services. 


  

	•	 	 The Services do not constitute an offer to sell (or a solicitation of an offer to buy), or a promotion or recommendation of, any security, financial
product or other investment vehicle or any trading strategy, and MSCI and its affiliates and information and service providers for the Services do not endorse, approve or otherwise express any opinion regarding any issuer, security, financial
product or instrument or trading strategy. The Services are not, and are not intended to constitute, investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.



 IN WITNESS WHEREOF, the parties hereto have executed this Schedule No. 11043 as of the effective date set forth
above. 
  

									
	MSCI Inc.	 		 	 BlackRock Institutional Trust Company, N.A.
 (formerly, Barclays Global Investors, N.A.)

					
	By:	 	/s/ Paul Friedman	 		 	By:	 	/s/ GD Flynn
		 	Name: Paul Friedman	 		 		 	Name: GD Flynn
		 	Title: Executive Director	 		 		 	Title: MD

  

									
		 		 		 	 BlackRock Institutional Trust Company, N.A.
 (formerly, Barclays Global Investors, N.A.)

					
		 		 		 	By:	 	/s/ Mark Roberts
		 		 		 		 	Name: Mark Roberts
		 		 		 		 	Title: Director


  
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 EXHIBIT 1 TO SCHEDULE NO. 11043 

[copy of relevant prospectus or offering document] 

  
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 EXHIBIT B 
 DATA LICENSE 
 (document attached)