Document:

msci-ex10201_809.htm

 

Exhibit 10.201

 

AMD_00254829.0

 

THIS AMENDMENT (this “Amendment”), dated as of January 31, 2019, is made to the Amendment (internal MSCI reference AMD_00151505.0) dated April 20, 2015 (the “Previous Amendment”) by and between MSCI Inc. (“MSCI”) and BlackRock Fund Advisors (“Licensee”).  The Previous Amendment amends the Index License Agreement for Funds (internal MSCI reference IXF_00040) dated as of March 18, 2000 (the “Agreement”).  Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Previous Amendment or the Agreement, as the case may be.

WHEREAS, MSCI and Licensee entered into, and now wish to revise, the Previous Amendment.

NOW, THEREFORE, in consideration of the mutual covenants set forth herein, each of MSCI and Licensee hereby agree to amend the Previous Amendment as follows:

	
1.
	
Effective on April 1, 2019, the following MSCI index shall be added to the list of MSCI indexes set forth in Section 1 of the Previous Amendment:

MSCI USA Mid Cap Diversified Multiple-Factor Index

	
2.
	
Effective on April 1, 2019, the following Licensee ETF shall be added to the list of Multi‐Factor ETFs set forth in Section 2 of the Previous Amendment:

iShares Edge MSCI Multifactor USA Mid‐Cap ETF

	
3.
	
This Amendment amends and operates in conjunction with the Previous Amendment and the Agreement.  This Amendment, the Previous 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 the terms of this Amendment conflict with the terms of the Previous Amendment or the Agreement, the terms of this Amendment shall control.

	
4.
	
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.

	
5.
	
This Amendment may be executed in counterparts, which taken together, shall constitute one Amendment and each party hereto may execute this Amendment by signing such counterpart; provided that no party shall be bound hereby until the Amendment has been executed and delivered by all parties hereto. A facsimile or PDF signature of either party to this Amendment shall be deemed an original signature of such party and shall manifest such party’s intention to be bound by this Amendment.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date set forth above.

	
MSCI Inc.
	
 
	
BlackRock Fund Advisors

	
 
	
 
	
 
	
 
	
 

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

	
 
	
 
	
 
	
 
	
 

	
Name
	
Alex Gil
	
 
	
Name
	
Ruth Weiss

	
 
	
 
	
 
	
 
	
 

	
Title
	
Executive Director
	
 
	
Title
	
Managing Director

	
 
	
 
	
 
	
 
	
 

 

1msci-ex10202_808.htm

 

Exhibit 10.202

 

***** 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_00255400.0

 

AMENDMENT

 

Date of Amendment: February 1, 2019

 

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 USA Extended ESG Leaders 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 (a “Fund” as such term is defined in the Agreement):

 

	
 
	
•
	
iShares ESG MSCI USA Leaders ETF

 

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

 

The Fund identified above 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 based on ************** ************** *************  ************ ************, which fee shall be calculated and payable on ******* **********.  The *********  license fee shall be calculated **************** ***************** *********** ******** **************** ******** ********* ********** ********** *********** *********** *********** *********** ************  ******** ******** ******** ******** ******** ******** *************** ************** ********* *******  ************ ****************.

 

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

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

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

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

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

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

 

1

 

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

 

“Expense Ratio” shall mean the ratio (expressed as a percentage) obtained when dividing *********** ********** ********** ************* ************* ************** *********** ********** ********** ************ ************** ******************* *************** *************** ************** ************** by ************** **************** ***************.

 

Notwithstanding anything to the contrary contained herein, if during any relevant period the Fund ************ *************** or *************** ***************** **************** or if the Fund has an ******* ************** ******************** ************** ***************** ************** *********** ********* ***************** ****************** *******************.

 

	
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 the Index set forth in Section 1 if, within one (1) year of the date of this Amendment, Licensee does not list the Fund based on the Index.

 

	
 
	
c.
	
If Licensee delists the Fund identified above or changes the underlying Index for the Fund, Licensee’s right to use the Index set forth in Section 1 with respect to the 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 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
	
2.8.19
	
 
	
Date
	
Feb. 20, 2019

 

2msci-ex10203_807.htm

 

Exhibit 10.203

 

AMD_00256605.0

THIS AMENDMENT (this “Amendment”) dated as of March 1, 2019 (the “Amendment Effective Date”) is made to the Previous Amendment (as defined below) 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 Previous Amendment or the Agreement (as defined below), as the case may be.

WHEREAS, MSCI and Licensee entered into the Amendment (internal MSCI reference number: ADD_00203) dated as of June 5, 2007 (the “Previous Amendment”), which amends the Index License Agreement for Funds (internal MSCI reference number: IXF_00040) dated as of March 18, 2000 (the “Agreement”) by and between MSCI and Licensee; and

WHEREAS, on a date which is expected to occur on or about May 31, 2019 (the “Conversion Date”), Licensee and MSCI wish to replace MSCI Turkey Investable Market Index with MSCI Turkey IMI 25/50 Index as the underlying index for iShares MSCI Turkey ETF.

NOW, THEREFORE, in consideration of the mutual covenants set forth herein, each of MSCI and Licensee hereby agree to amend the Previous Amendment as follows:

	
1.
	
Commencing on the Conversion Date, Section 1 of the Previous Amendment is hereby amended so that all references to the “MSCI Turkey Investable Market Index” shall be deleted and replaced with the following index: “MSCI Turkey IMI 25/50 Index.”

	
2.
	
This Amendment amends and operates in conjunction with the Previous Amendment.  This Amendment, the Previous 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 the terms of this Amendment conflict with the terms of the Previous Amendment, or the Agreement, the terms of this Amendment shall control.

	
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.

	
4.
	
This Amendment may be executed in counterparts, which taken together, shall constitute one Amendment and each party hereto may execute this Amendment by signing such counterpart; provided that no party shall be bound hereby until the Amendment has been executed and delivered by all parties hereto.  A facsimile or PDF signature of either party to this Amendment shall be deemed an original signature of such party and shall manifest such party’s intention to be bound by this Amendment.

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of the Amendment Effective Date set forth above.

 

					
	
MSCI Inc.
	
 
	
BlackRock Fund Advisors

	
 
	
 
	
 
	
 
	
 

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

	
 
	
 
	
 
	
 
	
 

	
Name
	
Alex Gil
	
 
	
Name
	
Ruth Weiss

	
 
	
 
	
 
	
 
	
 

	
Title
	
Executive Director
	
 
	
Title
	
Managing Director

	
 
	
 
	
 
	
 
	
 

 

1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}]]