EX-10.1



 Exhibit 10.1 

AMENDMENT NO. 3 TO FIVE-YEAR REVOLVING CREDIT AGREEMENT 

THIS AMENDMENT NO. 3 TO FIVE-YEAR REVOLVING CREDIT AGREEMENT (this “Amendment”) is dated as of March 28, 2014, 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 by that certain Amendment No. 1 to Five-Year Revolving Credit Agreement dated as of March 30, 2012, and that certain Amendment No. 2 to Five-Year Revolving Credit Agreement dated as of March 28, 2013, 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

(S&P / Moody’s)
	  	LIBOR Rate/ LIBOR
Market Index Rate	 	 	Base Rate/ Japanese
Base Rate	 	 	Commitment
Fee	 
	 I
	  	3 AA- / Aa3	  	 	0.625	% 	 	 	0.000	% 	 	 	0.060	% 
	 II
	  	A+ / A1	  	 	0.750	% 	 	 	0.000	% 	 	 	0.070	% 
	 III
	  	A / A2	  	 	0.875	% 	 	 	0.000	% 	 	 	0.080	% 
	 IV
	  	A- / A3	  	 	1.000	% 	 	 	0.000	% 	 	 	0.100	% 
	 V
	  	£ BBB+ / Baa1	  	 	1.250	% 	 	 	0.250	% 	 	 	0.150	% 








 (ii) deleting the definitions of “Dollar Amount,” “Extensions of Credit,”
“Fronted Letter of Credit,” “Issuing Lender,” “Letter of Credit Application,” and “Maturity Date” in their entirety and replacing them with the following: 

“‘Dollar Amount’ means (a) with respect to each Revolving Credit Loan made or continued (or to be
made or continued), or Letter of Credit issued, increased or extended (or to be issued, increased or extended), in Dollars, the principal or face amount, as applicable, thereof, (b) with respect to each Revolving Credit Loan made or continued
(or to be made or continued) or Letter of Credit issued, increased or extended (or to be issued, increased or extended) in an Alternative Currency, the amount of Dollars which is equivalent to the principal amount of such Revolving Credit Loan, or
face amount of such Letter of Credit, as applicable, at the most favorable spot exchange rate for the applicable Borrower as determined by the Administrative Agent at approximately 11:00 a.m. (the time of the Administrative Agent’s
Correspondent) two (2) Business Days before such Loan is made or continued (or to be made or continued) or Letter of Credit is issued, increased or extended (or to be issued, increased or extended) and (c) with respect to each Japanese Yen
Loan made or continued (or to be made or continued), the amount of Dollars which is equivalent to the principal amount of such Japanese Yen Loan at the most favorable spot exchange rate for the applicable Borrower as determined by the Japanese Yen
Lender at approximately 11:00 a.m. (Tokyo time) one (1) Business Day before such Japanese Yen Loan is made or continued (or to be made or continued). When used with respect to any other sum expressed in an Alternative Currency, “Dollar
Amount” shall mean the amount of Dollars which is equivalent to the amount so expressed in such Alternative Currency at the most favorable spot exchange rate for the applicable Borrower as determined by the Administrative Agent or Japanese Yen
Lender, as applicable, to be available to it at the relevant time. 
 ‘Extensions of Credit’ means, as to
any Lender at any time, (a) an amount equal to the sum of (i) the aggregate principal amount of all Revolving Credit Loans made by such Lender then outstanding, (ii) such Lender’s L/C Obligations then outstanding, (iii) such
Lender’s Commitment Percentage of the Japanese Yen Loans then outstanding and (iv) such Lender’s Commitment Percentage of the Swingline Loans then outstanding, or (b) the making of, or participation in, any Loan or participation
in, or issuance, increase or extension of, any Letter of Credit by such Lender, as the context requires. 
 ‘Fronted
Letter of Credit’ means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4. 

‘Issuing Lender’ means (a) in the case of Fronted Letters of Credit, each Lender having an L/C Fronting
Commitment, in its capacity as the issuer of any Fronted Letter of Credit, or any successor thereto and (b) in the case of Several Letters of Credit, the L/C Agent. References to “the Issuing Lender” herein shall mean “an Issuing
Lender” or “the applicable Issuing Lender” or “such Issuing Lender” or “each Issuing Lender” or similar constructions, as the context may indicate. 

‘Letter of Credit Application’ means an application, in the form attached hereto as Exhibit K
requesting the Issuing Lender to issue a Letter of Credit, as such Exhibit may be amended or modified from time to time by the Administrative Agent in its reasonable discretion with the consent of the Company. 

‘Maturity Date’ means the earliest to occur of (a) March 28, 2019 (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).” 

  
 2 








 For the avoidance of doubt, the amendment of the definition of “Maturity Date” set
forth above shall not constitute a utilization of the Company’s option to request extensions of the Maturity Date in respect of the Revolving Credit Facility pursuant to Section 2.10 of the Credit Agreement. 

(iii) adding the following definition of “L/C Fronting Commitment” in appropriate alphabetical order: 

“‘L/C Fronting Commitment’ means, as to any Issuing Lender, the obligation of such Issuing Lender to
issue Fronted Letters of Credit for the account of the Borrower from time to time in an aggregate amount up to the amount set forth opposite the name of each such Issuing Lender on Schedule 1.1(b) or such greater amount (but not in excess of
the L/C Commitment) as is agreed to by such Issuing Lender, in its sole discretion, from time to time after request by the Company.” 

(b) Schedule 1.1(b) to the Credit Agreement is replaced with a revised Schedule 1.1(b) attached hereto as Exhibit A to
this Amendment, which such Schedule 1.1(b) reflects the Commitments of all the Lenders and the L/C Fronting Commitments of all the Issuing Lenders upon the effectiveness of this Amendment. 

(c) Section 3.1(a) of the Credit Agreement is hereby amended by deleting clause (i) thereof in its entirety and replacing it
with the following: 
 “(i) each Issuing Lender having an L/C Fronting Commitment, in reliance on the agreements of the L/C Participants
set forth in Section 3.4(a), agrees to issue Fronted Letters of Credit in an aggregate Dollar Amount at any time outstanding not to exceed its L/C Fronting Commitment for the account of any Borrower on any Business Day from and after the
Closing Date in such form as may be approved from time to time by such Issuing Lender,” 
 (d) Section 3.1(d) of the Credit
Agreement is hereby amended by adding the following immediately after clause (iii) thereof: 
 “or (iv) in the case of Fronted
Letters of Credit, after giving effect thereto, the maximum amount of all Fronted Letters of Credit issued by such Issuing Lender shall exceed Dollar Amount of the L/C Fronting Commitment of such Issuing Lender.” 

(e) Section 3.2 of the Credit Agreement is hereby amended by deleting the first sentence thereof in its entirety and replacing it
with the following: 
 “The Company may from time to time request that an Issuing Lender issue a Letter of Credit by delivering to the
applicable Issuing Lender (with a copy to the Administrative Agent at the Administrative Agent’s Office) a Letter of Credit Application therefor, completed to the satisfaction of the applicable Issuing Lender, and such other certificates,
documents and other papers and information as the applicable Issuing Lender may reasonably request, which such information shall include (a) in the case of a request for an initial issuance of a Letter of Credit, (i) the Permitted Currency
in which such Letter of Credit shall be denominated, (ii) whether such Letter of Credit is to be a Fronted Letter of Credit or a Several Letter of Credit (and, in the case of Several Letters of Credit, in the event a Lender advises the L/C
Agent that such Lender is a Participating Lender, such Participating Lender’s Commitment Percentage of such Several Letter of Credit will be issued by the L/C Agent as the Several Issuing Lender in reliance on such Participating


  
 3 








 
Lender’s obligation to purchase participations in such amount pursuant to Section 3.1(a)(iii)), (iii) the proposed issuance date of the requested Letter of Credit (which
shall be a Business Day), (iv) the amount thereof, (v) the expiry date thereof, (vi) the name and address of the beneficiary thereof, (vii) the documents to be presented by such beneficiary in case of any drawing thereunder,
(viii) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder, and (ix) the purpose and nature of the requested Letter of Credit; and (b) in the case of a request for an amendment of any
outstanding Letter of Credit, (i) the Letter of Credit to be amended, (ii) the proposed date of amendment thereof (which shall be a Business Day) and (iii) the nature of the proposed amendment.” 

(f) Section 3.3(b) of the Credit Agreement is hereby amended by deleting such section in its entirety and replacing it with the
following: 
 “(b) Issuance Fee. In addition to the foregoing commission, each Borrower shall pay (or shall cause to be paid) to
the Administrative Agent, for the account of the applicable Issuing Lender an issuance fee equal to (a) in the case of Fronted Letters of Credit, the Dollar Amount of the undrawn face amount of each Fronted Letter of Credit issued for such
Borrower’s account at the rate of 0.20% per annum and (b) in the case of Several Letters of Credit, the Dollar Amount of the portion of each such Several Letter of Credit issued for such Borrower’s account provided by the L/C
Agent acting as Several Issuing Lender for the relevant Participating Lenders pursuant to Section 3.1(b) at the rate of 0.20% per annum (as if the portion of such Several Letter of Credit provided by the L/C Agent for such
Participating Lenders were a Fronted Letter of Credit). Such issuance fees shall be payable quarterly in arrears on the last Business Day of each calendar quarter commencing with the first such date to occur after the issuance of such Letter of
Credit, on the Maturity Date and thereafter on demand of the Administrative Agent.” 
 (g) Article III of the Credit Agreement
is hereby amended by adding the following new Section 3.10 immediately after the end of Section 3.9 thereof: 

“SECTION 3.10 Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Lender that is not
also the financial institution acting as Administrative Agent, then (a) on the last Business Day of each calendar month, (b) on each date that a Letter of Credit is amended, terminated or otherwise expires, (c) on each date that a
Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (d) upon the request of the Administrative Agent, each Issuing Lender (or, in the case of clauses (b), (c) or (d) of this Section, the applicable
Issuing Lender) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, cash collateral, or termination in
respect of Letters of Credit issued by such Issuing Lender) with respect to each Letter of Credit issued by such Issuing Lender that is outstanding hereunder. In addition, each Issuing Lender shall provide notice to the Administrative Agent of its
L/C Fronting Commitment, or any change thereto, promptly upon it becoming an Issuing Lender or making any change to its L/C Commitment. No failure on the part of any Issuing Lender to provide such information pursuant to this
Section 3.10 shall limit the obligations of the Borrower or any Revolving Credit Lender hereunder with respect to its reimbursement and participation obligations hereunder.” 

(h) Section 13.1(a) of the Credit Agreement is hereby amended by deleting the reference to “Amy Engel” therein and
replacing it with “Philippe Matsumoto.” 

  
 4 








 (i) The Credit Agreement is hereby amended by adding as Exhibit K to the Credit Agreement,
the Form of Letter of Credit Application attached to this Amendment as Exhibit B. 
 (j) The cover page of the Credit Agreement is
hereby amended such that Credit Suisse Securities (USA) LLC is designated as an additional Joint Lead Arranger and Joint Bookrunner thereunder. For the avoidance of doubt, the parties hereto acknowledge that each of (i) Wells Fargo
Securities, LLC, (ii) Citigroup Global Markets Inc., (iii) Merrill Lynch, Pierce, Fenner & Smith Incorporated, (iv) Barclays Capital, (v) J.P. Morgan Securities LLC, (vi) Morgan Stanley Senior Funding, Inc.,
(vii) Deutsche Bank Securities Inc., (viii) HSBC Securities (USA) Inc. and (ix) Credit Suisse Securities (USA) LLC shall be named as joint lead arrangers for the purposes of this Amendment. 

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) counterparts of this Amendment executed by the Borrowers, the Guarantor and all of the Lenders and (b) 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 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 and to the amendments to the Credit Agreement set forth herein, (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 

  
 5 








 
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 6, 2014 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; and 
 (b) all fees
payable pursuant to that certain letter agreement by and among the Company, Wells Fargo, Wells Fargo Securities and Citigroup Global Markets Inc., dated as of March 6, 2014. 

8. Designated Borrowers. Each of the parties hereto hereby acknowledges that as of April 17, 2013, BlackRock Holdings Deutschland
GmbH, a company organized under the laws of Germany, ceased to be a Designated Borrower under the Credit Agreement. 
 9. 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. 

10. 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. 
 11. Entire Agreement. This Amendment is the entire agreement, and supersedes any prior agreements and
contemporaneous oral agreements, of the parties concerning its subject matter. 
 12. 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] 

  
 6 








 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/ Philippe Matsumoto

	Name:	 	Philippe Matsumoto
	Title:	 	Managing Director and Treasurer
	
	 BLACKROCK GROUP LIMITED,
 as
Designated Borrower

		
	By:	 	 /s/ David Blumer

	Name:	 	David Blumer
	Title:	 	Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	AGENT AND LENDERS:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline Lender, Issuing Lender, L/C Agent and Lender
		
	By:	 	/s/ Tracy Moosbrugger
	Name:	 	Tracy Moosbrugger
	Title:	 	Managing Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	CITIBANK, N.A., as Lender and Issuing Lender
		
	By:	 	 /s/ Maureen Maroney

	Name:	 	Maureen Maroney
	Title:	 	Vice President



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	BANK OF AMERICA, N.A., as Lender
		
	By:	 	 /s/ Matthew C. White

	Name:	 	Matthew White
	Title:	 	Vice President



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	BARCLAYS BANK PLC, as Lender
		
	By:	 	 /s/ Alicia Borys

	Name:	 	Alicia Borys
	Title:	 	Vice President



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	JPMORGAN CHASE BANK, N.A., as Lender
		
	By:	 	 /s/ Ayesha Umer

	Name:	 	Ayesha Umer
	Title:	 	Vice President



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	MORGAN STANLEY BANK, N.A., as Lender and Issuing Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	DEUTSCHE BANK AG NEW YORK BRANCH, as Lender and Issuing Lender
		
	By:	 	 /s/ Ming K. Chu

	Name:	 	Ming K. Chu
	Title:	 	Vice President
		
	By:	 	 /s/ Heidi Sandquist

	Name:	 	Heidi Sandquist
	Title:	 	Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	SUMITOMO MITSUI BANKING CORPORATION, as a Lender and as the Japanese Yen Lender
		
	By:	 	 /s/ Ryuichi Nishizawa

	Name:	 	Ryuichi Nishizawa
	Title:	 	Managing Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	 CREDIT SUISSE AG, Cayman Islands Branch,

as Lender


		
	By:	 	 /s/ Doreen Barr

	Name:	 	Doreen Barr
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Alex Verdone

	Name:	 	Alex Verdone
	Title:	 	Authorized Signatory



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	GOLDMAN SACHS BANK USA, as Lender
		
	By:	 	 /s/ Mark Walton

	Name:	 	Mark Walton
	Title:	 	Authorized Signatory



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	HSBC BANK USA, NATIONAL ASSOCIATION, as Lender and Issuing Lender
		
	By:	 	 /s/ Stephanie W. Lee

	Name:	 	Stephanie W. Lee
	Title:	 	Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	MIZUHO BANK, LTD., as Lender
		
	By:	 	 /s/ David Lim

	Name:	 	David Lim
	Title:	 	Authorized Signatory



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	THE ROYAL BANK OF SCOTLAND plc, as Lender
		
	By:	 	 /s/ Karen Beatty

	Name:	 	Karen Beatty
	Title:	 	Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	UBS AG, STAMFORD BRANCH, as Lender
		
	By:	 	 /s/ Darlene Arias

	Name:	 	Darlene Arias
	Title:	 	Director
		
	By:	 	 /s/ Jennifer Anderson

	Name:	 	Jennifer Anderson
	Title:	 	Associate Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	ROYAL BANK OF CANADA, as Lender
		
	By:	 	 /s/ Greg DeRise

	Name:	 	Greg DeRise
	Title:	 	Authorized Signatory



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








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

	Name:	 	Karen A. Gallagher
	Title:	 	Vice President



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	THE BANK OF NEW YORK MELLON, as Lender
		
	By:	 	 /s/ Joanne Carey

	Name:	 	Joanne Carey
	Title:	 	Vice President



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	U.S. BANK NATIONAL ASSOCIATION, as Lender
		
	By:	 	 /s/ Barry K. Chung

	Name:	 	Barry K. Chung
	Title:	 	Senior Vice President



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	BANCO SANTANDER, S.A., NEW YORK BRANCH, as Lender
		
	By:	 	 /s/ Rita Walz-Cuccioli

	Name:	 	Rita Walz-Cuccioli
	Title:	 	 Executive Director
 Banco Santander, S.A., New
York Branch

		
	By:	 	 /s/ Terence Corcoran

	Name:	 	Terence Corcoran
	Title:	 	 Senior Vice President
 Banco Santander, S.A.,
New York Branch




  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	BNP PARIBAS, as Lender
		
	By:	 	 /s/ Mark Parker

	Name:	 	Mark Parker
	Title:	 	Managing Director
		
	By:	 	 /s/ Edward Speal

	Name:	 	Edward Speal
	Title:	 	Managing Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	CREDIT AGRICOLE CORPORATE & INVESTMENT BANK, as Lender
		
	By:	 	 /s/ W. Jay Buckley

	Name:	 	W. Jay Buckley
	Title:	 	Managing Director
		
	By:	 	 /s/ Dan Fahey

	Name:	 	Dan Fahey
	Title:	 	Senior Associate



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	SOCIETE GENERALE, as Lender
		
	By:	 	 /s/ Shelley Yu

	Name:	 	Shelley Yu
	Title:	 	Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	STANDARD CHARTERED BANK, as Lender
		
	By:	 	 /s/ John C. Fell

	Name:	 	John C. Fell
	Title:	 	Managing Director and Head of Funds
		
	By:	 	 /s/ Robert K. Reddington

	Name:	 	Robert K. Reddington
	Title:	 	 Credit Documentation Manager
 Credit
Documentation Unit, WB
 Legal-Americas




  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	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. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 
			
	NOMURA INTERNATIONAL PLC, as Lender
		
	By:	 	 /s/ Morven Jones

	Name:	 	Morven Jones
	Title:	 	Managing Director



  
 BlackRock, Inc. 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 

Signature Pages 








 Exhibit A 

(to Amendment No. 3 to Five-Year Revolving Credit Agreement) 

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

 

													
	 	  	Commitment	 	  	Percentage	 	 	L/C Fronting
Commitment	 
	 Wells Fargo Bank, National Association
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	425,000,000.00	  
	 Citibank, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	200,000,000.00	  
	 Morgan Stanley Bank, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	125,000,000.00	  
	 HSBC Bank USA, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	125,000,000.00	  
	 Deutsche Bank AG New York Branch
	  	$	250,000,000.00	  	  	 	6.27	% 	 	$	125,000,000.00	1 
	 JPMorgan Chase Bank, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 			
	 Bank of America, N.A.
	  	$	250,000,000.00	  	  	 	6.27	% 	 			
	 Barclays Bank PLC
	  	$	250,000,000.00	  	  	 	6.27	% 	 			
	 Credit Suisse AG
	  	$	250,000,000.00	  	  	 	6.27	% 	 			
	 UBS AG, Stamford Branch
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 Mizuho Corporate Bank, Ltd.
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 Goldman Sachs Bank USA
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 State Street Bank and Trust Company
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 The Bank of New York Mellon
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 Royal Bank of Canada
	  	$	165,000,000.00	  	  	 	4.14	% 	 			
	 Societe Generale
	  	$	112,500,000.00	  	  	 	2.82	% 	 			
	 The Royal Bank of Scotland plc
	  	$	112,500,000.00	  	  	 	2.82	% 	 			
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	112,500,000.00	  	  	 	2.82	% 	 			
	 BNP Paribas
	  	$	112,500,000.00	  	  	 	2.82	% 	 			
	 U.S. Bank National Association
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Credit Agricole Corporate & Investment Bank
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Banco Santander, SA, New York Branch
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Standard Chartered Bank
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Sumitomo Mitsui Banking Corporation
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
	 Nomura International PLC
	  	$	50,000,000.00	  	  	 	1.25	% 	 			
				
	 Total
	  	$	3,990,000,000.00	  	  	 	100.000000000	% 	 	$	1,000,000,000.00	  

  

	1 	The L/C Fronting Commitment of Deutsche Bank AG New York Branch is limited solely to issuances for the Company and any Domestic Subsidiary that is a Borrower 


BlackRock, Inc. 
 Exhibit A 

Amendment No. 3 to Five-Year Revolving Credit Agreement (2014) 







 Exhibit B 

(to Amendment No. 3 to Five-Year Revolving Credit Agreement) 

Form of Letter of Credit Application 

[To be attached] 
 BlackRock, Inc.

 Exhibit B 
 Amendment
No. 3 to Five-Year Revolving Credit Agreement (2014)