EX-10.89



 Exhibit 10.89 
 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_00134673.0 
 AMENDMENT 

Date of Amendment: July 9, 2014 
 This
AMENDMENT (this “Amendment”) to the Index License Agreement for Funds (MSCI reference number IXF_00040) dated as of March 18, 2000 (as previously amended, the “Agreement”) is made 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”). Capitalized terms used but
not defined herein shall have the meanings ascribed to them in the Agreement. 
  

	1.	Exhibit A of the Agreement is hereby amended to add the following Index: 

  

	 	•	 	 MSCI Emerging Markets Horizon Index 


 Or such other index(es) as agreed by Licensee and MSCI in writing. 
  

	2.	Licensee may use the Index set forth in Section 1 above solely with respect to the following Fund. This fund shall also be a “Fund” as such term is
defined in the Agreement: 

  

	 	•	 	 iShares MSCI Emerging Markets Horizon ETF 


 Or such other name(s) as agreed by Licensee and MSCI in writing. 
 The iShares MSCI Emerging
Markets Horizon ETF shall be an exchange traded index fund listed on a national securities exchange located in the United States. 
  

	3.	Licensee shall pay MSCI a ********* license fee for the Fund based on the Fund’s 


	 	********************************** ***********, which fee shall be due and payable on a 


	 	************************. The ********* license fee shall be calculated
******************************************************************************************************** ********************************************************************************************************, as follows: 


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

For the avoidance of doubt, the ********* license fees shall be calculated *************. For example, 

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







 “Expense Ratio” shall mean the ********************************* obtained when dividing

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

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

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

Notwithstanding anything to the contrary contained herein, if any Fund does not have an ************* or if a Fund’s
********************************** or if a Fund has an *********************, the ********* licensee fee for such Fund shall equal 

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

 

	4.	Special Conditions: 

  

	 	a.	To the extent that this Amendment conflicts with the Agreement, this Amendment shall control. No right or license of any kind is granted to licensee expect as expressly
provided in the Agreement and this Amendment. 

  

	 	b.	MSCI may terminate this Amendment with respect to the Index set forth in Section 1 if, within one (1) year of the date of this Amendment, Licensee does not
list the iShares MSCI Emerging Markets Horizon ETF that is based on the MSCI Emerging Markets Horizon Index. 

  

	 	c.	If Licensee delists the iShares MSCI Emerging Markets Horizon ETF, or changes the underlying Index for the iShares MSCI Emerging Markets Horizon ETF, Licensee’s
right to use the relevant Index set forth in Section 1 with respect to such iShares MSCI Emerging Markets Horizon ETF shall automatically and immediately terminate. 


 

	 	d.	This Amendment 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.


 ACKNOWLEDGED AND AGREED 
  

									
	LICENSEE: BlackRock Fund Advisors	 		 	MSCI INC.
					
	By	 	 /s/ Ravi Goutam
	 		 	By	 	 /s/ David Kinzelberg

	Name	 	 Ravi Goutam
	 		 	Name	 	 David Kinzelberg

	Title	 	 Managing Director
	 		 	Title	 	 Executive Director

	Date	 	  
	 		 	Date	 	 August 8, 2014



  
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