Document:

msci-ex10131_193.htm

 

Exhibit 10.131

 

*** INDICATES CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT THAT HAVE BEEN OMITTED PURSUANT TO ITEM 601(B) OF REGULATION S-K BECAUSE THE IDENTIFIED CONFIDENTIAL PORTIONS (I) ARE NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

A.N.:  130339

AMD_00197775.0

BlackRock Fund Advisors

Attention:  Jenni Lee

400 Howard Street

San Francisco, California 94105

April 12, 2016

Dear Jenni:

Reference is hereby made to the Amendment (MSCI reference: AMD_00061392.0) dated December 16, 2011 (the “Amendment”) to the Index License Agreement for Funds (MSCI reference: 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”).  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 to modify the Amendment as follows:

	
1.
	
Effective on the date of this letter, the following two (2) items shall be added to the “Index Information” portion of the table set forth in Section 1 of the Amendment:

 

	
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2.
	
MSCI and Licensee hereby acknowledge and agree that (i) the Amendment erroneously states that it is to the Index License Agreement for Funds “dated as of May 18, 2000” and (ii) the correct date of the Index License Agreement for Funds referred to in the Amendment should be “as of March 18, 2000.”

 

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.

 

 

 

 

 

 

A.N.:  130339

AMD_00197775.0

 

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: Apr 23, 2016

	
 
	
 

	
BlackRock Fund Advisors

	
 
	
 

	
By:
	
/s/ Manish Mehta

	
Name:
	
Manish Mehta

	
Title:
	
Managing Directormsci-ex10140_192.htm

 

Exhibit 10.140

 

*** INDICATES CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT THAT HAVE BEEN OMITTED PURSUANT TO ITEM 601(B) OF REGULATION S-K BECAUSE THE IDENTIFIED CONFIDENTIAL PORTIONS (I) ARE NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

A.N.:  130339

AMD_00205912.0

AMENDMENT

 

Date of Amendment: April 29, 2016

 

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 USA Small Cap Minimum Volatility (USD) Index

 

Or such other indexes 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 Licensee fund (each, a “USA Small Cap ETF” and each USA Small Cap ETF shall also be a “Fund” as such term is defined in the Agreement):

	
 
	
•
	
iShares Edge MSCI Min Vol USA Small-Cap ETF

 

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

 

The USA Small Cap ETFs 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 calculated * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *, as follows:

 

		
	
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A.N.: 130339

AMD_00205912.0

 

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 contained herein, if any Fund * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * or if a Fund’s * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * or if a 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 Index set forth in Section 1 if, within one (1) year of the date of this Amendment, Licensee does not list a USA Small Cap ETF that is based on such Index.

 

	
 
	
c.
	
If Licensee delists a particular USA Small Cap ETF or changes the underlying Index for such USA Small Cap ETF, Licensee’s right to use the relevant Index set forth in Section 1 with respect to such USA Small Cap 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/ Manish Mehta
	
 
	
By
	
/s/ Alex Gil

	
 
	
 
	
 
	
 
	
 

	
Name
	
 Manish Mehta
	
 
	
Name
	
 Alex Gil

	
 
	
 
	
 
	
 
	
 

	
Title
	
Managing Director
	
 
	
Title
	
Executive Director

	
 
	
 
	
 
	
 
	
 

	
Date
	
6/20/2016
	
 
	
Date
	
Jun 30, 2016

 

	
	
2msci-ex10142_191.htm

Exhibit 10.142

 

*** INDICATES CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT THAT HAVE BEEN OMITTED PURSUANT TO ITEM 601(B) OF REGULATION S-K BECAUSE THE IDENTIFIED CONFIDENTIAL PORTIONS (I) ARE NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

A.N.:  130339

AMD_00206695.0

 

AMENDMENT

 

Date of Amendment: May 12, 2016

 

AMENDMENT to the Index License Agreement for Funds (internal MSCI reference: IXF_00040) dated as of March 18, 2000 (the “Agreement”) by and between MSCI Inc. (formerly known as Morgan Stanley Capital International Inc.) (“MSCI”) and BlackRock Fund Advisors (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.

 

WHEREAS, MSCI and Licensee entered into the following schedules (collectively, the “Previous Schedules”):  (i) Schedule No. 11043 (internal MSCI reference #SCA_11043) dated September 1, 2010; (ii) Amendment (MSCI reference #AMD_00145581.0) dated September 22, 2014 and (iii) Amendment (MSCI reference #AMD_00187225.0) dated January 28, 2016;

 

WHEREAS, pursuant to the terms of the Previous Schedules, MSCI granted Licensee the right to use certain MSCI indexes as the basis for the Funds identified below in the United States: 

 

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

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

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

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

 

(The term “Fund” as used herein shall have the meaning ascribed to it in the Previous Schedules.)

 

WHEREAS, the parties wish to further amend the Agreement to allow for the cross‐listing of the Funds identified above, as set forth below.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

	
 
	
1.
	
Exhibit B of the Agreement is hereby amended to allow the Funds identified above to be cross‐listed and traded on the Mexican Stock Exchange (Bolsa Mexicana de Valores) (herein referred to as the “Mexican Listed Funds”) while such Funds are listed on a United States exchange.  The Mexican Listed Funds must be issued, sold and traded on a public basis in accordance with applicable Mexican securities law.  All other terms and restrictions contained in Exhibit B of the Agreement shall apply to the Mexican Listed Funds.  For the avoidance of doubt, the * * * * * * * * * * * * set forth in the Previous Schedules shall apply with respect to the * * * * * * * * * * * * * * * * * * * *. For clarity, there shall be * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *.

 

 

 

A.N.: 130339

AMD_00206695.0

 

	
 
	
2.
	
This Amendment is intended to amend and operate in conjunction with the Agreement and together this Amendment and the Agreement constitute the complete and exclusive statement of the agreement between the parties and supersede in full all prior proposals and understandings, oral or written, relating to the subject matter hereof.  To the extent that any terms of this Amendment conflict with any terms of the Agreement, the terms of 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.

 

	
 
	
3.
	
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. 

 

	
LICENSEE: BlackRock Fund Advisors
	
 
	
MSCI Inc.
	
	
 
	
 
	
 
	
	
By
	
/s/ Manish Mehta
	
 
	
By
	
/s/ Joke Jacinto

	
 
	
 
	
 
	
 
	
 

	
Name
	
Manish Mehta
	
 
	
Name
	
Joke Jacinto

	
 
	
(printed)
	
 
	
 
	
(printed)

	
Title
	
Managing Director
	
 
	
Title
	
Vice President

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