Document:

msci-ex10180_936.htm

 

Exhibit 10.180

 

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_00249499.0

 

AMENDMENT

 

Date of Amendment:  October 1, 2018

 

AMENDMENT (this “Amendment”) to the Index License Agreement for Funds (internal MSCI reference IXF_00040) dated as of March 18, 2000 (as amended, the “Agreement”) by and between MSCI Inc. (formerly known as Morgan Stanley Capital International Inc.) (“MSCI”) and BlackRock Institutional Trust Company, N.A. (formerly known as Barclays Global Investors, N.A.) (“Licensee”).  Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to them in the Agreement.

 

Under the Agreement, Licensee was previously authorized to use each MSCI index specified below as the basis, or as a component, of the corresponding Licensee‐sponsored and US‐listed exchange traded fund specified below (each, a “US Fund”).

 

	
Index
	
US Fund
	
Ticker

	
MSCI EAFE Index
	
iShares MSCI EAFE ETF
	
EFA

	
MSCI Emerging Markets Index
	
iShares MSCI Emerging Markets ETF
	
EEM

	
MSCI Japan Index
	
iShares MSCI Japan ETF
	
EWJ

	
MSCI Korea 25/50 Index
	
iShares MSCI South Korea ETF
	
EWY

	
MSCI Taiwan 25/50 Index
	
iShares MSCI Taiwan ETF
	
EWT

 

Separately, MSCI and Licensee entered into that certain Schedule ******************************* *********************************************************************************************** *********************************************************************************************** ******************************************************. Under the ********** Schedule, Licensee is authorized to use each MSCI index specified below as the basis, or as a component, of the corresponding Licensee‐sponsored and Australia‐listed exchange traded fund specified below (each, an “Australian Fund”).

 

	
Index
	
Australian Fund
	
Ticker

	
MSCI EAFE Index
	
iShares MSCI EAFE ETF
	
IVE

	
MSCI Emerging Markets Index
	
iShares MSCI Emerging Markets ETF
	
IEM

	
MSCI Japan Index
	
iShares MSCI Japan ETF
	
IJP

	
MSCI Korea 25/50 Index
	
iShares MSCI South Korea ETF
	
IKO

	
MSCI Taiwan 25/50 Index
	
iShares MSCI Taiwan ETF
	
ITW

 

*********************************************************************************************** *********************************************************************************************** ******************************************************************************, MSCI and Licensee hereby agree for the license fees applicable to each Australian Fund *************************************

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

 

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A.N.:130339 

AMD_00249499.0

 

For the avoidance of doubt, each Australian Fund ****************************************************** **** specified below.

 

	
Australian Fund
	
Ticker
	
US Fund
	
Ticker

	
iShares MSCI EAFE ETF
	
IVE
	
iShares MSCI EAFE ETF
	
EFA

	
iShares MSCI Emerging Markets ETF
	
IEM
	
iShares MSCI Emerging Markets ETF
	
EEM

	
iShares MSCI Japan ETF
	
IJP
	
iShares MSCI Japan ETF
	
EWJ

	
iShares MSCI South Korea ETF
	
IKO
	
iShares MSCI South Korea ETF
	
EWY

	
iShares MSCI Taiwan ETF
	
ITW
	
iShares MSCI Taiwan ETF
	
EWT

 

	
1.
	
License fees payable with respect to each Australian Fund:

 

a.Definitions:

 

As used in this Amendment, the following terms shall have the meanings set forth below:

 

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

 

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

 

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

 

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

 

b.Calculation of License Fees:

 

The ******************* license fees for each Australian Fund shall be determined by ************** ***************************************************************************************** ****************************************************************************************** ****************************************************************************************** ****************************************************************************************** *****************************************************************.

 

Except for the addition of the ***************************************************************************************** during any applicable ********* period, the calculation of license fees payable in accordance with the Agreement shall ****************.  All license fees with respect to the ************************* of each Australian Fund shall be due and payable in accordance *******************************.

 

For the avoidance of doubt, there shall be *************************************************** *******************************************************************.  By way of explanation, the parties believe that, because the Agreement requires *********************************************************************************************************************************** ************************************************************************************ 

 

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

 

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A.N.:130339 

AMD_00249499.0

 

The parties acknowledge and agree that *************************************************** ****************************************************************************************** ******************.

 

****************************************************************************************** ************************************************************************** then the license fees for such Australian Fund shall be ******************************************************** f***************************************************************************************** **************************************.

 

If the Agreement is terminated or expires without being replaced for any reason in any calendar quarter, or if any US Fund ceases to exist or to be subject to the terms of the Agreement or any successor Amendment for any reason in any calendar quarter, then, notwithstanding anything to the contrary, Licensee shall, from the date of such occurrence, *********************************************************************** ******************************************************************************************* *********************************************.

 

c.Reporting:

 

Within fifteen (15) days of the end of each calendar ******** Licensee shall report to MSCI (i) ************ ************************************ of each Australian Fund separately, (ii) ****************** ****************************************************************************************** ******************************************** (iii) the date(s) (if any) on which any ********** *************** launches or terminates and (iv) any other information relating to any ************************** that MSCI may reasonably request.  Where necessary to align any relevant payment with the calendar *******, all license fees applicable to any ************************** shall be **************************************************************************.

 

	
2.
	
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 except as expressly provided in the Agreement and this Amendment.

 

	
 
	
b.
	
MSCI may terminate this Amendment with respect to any one or more of the Indexes set forth in Section 1 if, within one (1) year of the date of this Amendment, Licensee does not list a Australian Fund that is based on such Indexes.

 

	
 
	
c.
	
If Licensee delists any Australian Fund or changes the underlying Index for such Australian Fund, Licensee’s right to use the relevant Index set forth in Section 1 with respect to such Australian Fund 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 Institutional Trust Company, N.A.
	
 
	
MSCI Inc.

	
By /s/ Ruth Weiss
	
 
	
By /s/ Alex Gil

	
Name (printed)  Ruth Weiss
	
 
	
Name (printed) Alex Gil

	
Title Managing Director
	
 
	
Title Executive Director

 

3msci-ex10181_935.htm

 

Exhibit 10.181

 

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_00251121.0

 

AMENDMENT

 

Date of Amendment: October 1, 2018

 

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 Indexes:

 

	
 
	
•
	
*******************************

 

	
 
	
•
	
MSCI Japan Equal Weighted Index

 

Or such other indexes as agreed by Licensee and MSCI in writing.

 

	
2.
	
Licensee may use the Indexes set forth in Section 1 above solely with respect to the following Licensee funds (each, a “Fund” as such term is defined in the Agreement):

 

	
 
	
•
	
***********************************

 

	
 
	
•
	
iShares MSCI Japan Equal Weighted ETF

 

or such other names as agreed by Licensee and MSCI in writing.

 

The Funds identified above shall be exchange traded index funds listed on a national securities exchange located in the United States.

 

	
3.
	
Licensee shall pay MSCI a ********* license fee based on *******************************************************************, which fee shall be calculated and payable on a ***************.  The ********* license fee shall be ********************************************************************************************* ******************************************************************************************* *** , as follows:

 

1

A.N.: 130339

AMD_00251121.0

 

 

 

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

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

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

***********

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

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

 

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

 

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

 

Notwithstanding anything to the contrary, if during any relevant period any Fund ************************ ***** or ************************************************ or if any Fund has an **************** ****, the ********* licensee fee for such Fund shall *********************************************** ******************************************.

 

	
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 except as expressly provided in the Agreement and this Amendment.

 

	
 
	
b.
	
MSCI may terminate this Amendment with respect to any Index set forth in Section 1 if, within one (1) year of the date of this Amendment, Licensee does not list the applicable Fund that is based on such Index.

 

	
 
	
c.
	
If Licensee delists any Fund identified above or changes the underlying Index for any Fund, Licensee’s right to use the relevant Index set forth in Section 1 with respect to such Fund 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.

 

2

A.N.: 130339

AMD_00251121.0

 

 

ACKNOWLEDGED AND AGREED

 

	
LICENSEE: BlackRock Fund Advisors
	
 
	
MSCI Inc.

	
By /s/ Ruth Weiss
	
 
	
By /s/ Alex Gil

	
Name Ruth Weiss
	
 
	
Name Alex Gil

	
Title Managing Director
	
 
	
Title Executive Director

	
Date 10.16.18
	
 
	
Date Oct 19, 2018

 

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