Document:

msci-ex1096_135.htm

 

Exhibit 10.96

 

*** 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_00146453.0

 

AMENDMENT

Date of Amendment: October 30, 2014

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 MSC1 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 *****:

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

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

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

	
 
	
•
	
iShares MSCI Emerging Workforce ETF

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

The Fund shall be ************************ fund listed on a national securities exchange located in the United States.

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

*************************************************, which fee shall be calculated and payable on a ********* basis. The ********* license fee shall be calculated

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

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

***********************, as follows:

 

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

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

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

 

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

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

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

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

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

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

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

 

	
	
1/2

 

 

 

 

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

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

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

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

 

Notwithstanding anything to the contrary contained herein, if the 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 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 and/or the Fund is not based on the Index.

	
 
	
c.
	
If Licensee delists the Fund or changes the underlying MSCI index for the Fund, then Licensee’s right to use the Index 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/ Paul C. Lohrey
	
 
	
By
	
/s/ David Kinzelberg

	
Name
	
Paul C. Lohrey
	
 
	
Name
	
David Kinzelberg

	
Title
	
Managing Director
	
 
	
Title
	
Executive Director

	
Date
	
10/29/2014
	
 
	
Date
	
Nov 3, 2014

 

	
	
2/2msci-ex10102_134.htm

 

Exhibit 10.102

 

*** 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_00125855.0

AMENDMENT

Date of Amendment: February 4, 2015

AMENDMENT to the Index License Agreement for Funds (the “Agreement”), dated as of March 18, 2000, by and between MSCI Inc, (formerly known as Morgan Stanley Capital International Inc.) (“MSCI”) and BlackRock Fund Advisors (as successor to Barclays Global Investors, NA.) (“Licensee”), as previously amended. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement.

 

WHEREAS, pursuant to the terms of the Amendment (MSCI reference # AMD_00105603.0.0) between MSCI and Licensee dated December 10, 2013 (the “Previous Amendment”) and the letter agreement (MSCI reference # AMD_00123218.0) between MSCI and Licensee dated March 18, 2014, MSCI granted Licensee the right to use the MSCI indexes identified below as the basis for the Licensee Funds identified below in the United States:

 

	
 
	
•
	
iShares Currency Hedged MSCI Japan ETF, which seeks to track the investment results of the MSCI Japan 100% Hedged to USD Index.

	
 
	
•
	
iShares Currency Hedged MSCI Germany ETF, which seeks to track the investment results of the MSCI Germany 100% Hedged to USD Index.

	
 
	
•
	
iShares Currency Hedged MSCI EAFE ETF, which seeks to track the investment results of the MSCI EAFE 100% Hedged to USD Index.

	
 
	
•
	
iShares Currency Hedged MSCI EMU ETF, which seeks to track the investment results of the MSCI EMU 100% Hedged to USD Index.

	
 
	
•
	
iShares Currency Hedged MSCI Emerging Markets ETF, which seeks to track the investment results of the MSCI Emerging Markets 100% Hedged to USD Index.

 

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

 

WHEREAS, the parties wish to further amend the Agreement to allow for the cross-listing of the Licensee 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 each Licensee Fund identified above to be listed and traded on the Mexican Stock Exchange (Bolsa Mexicana de Valores) (herein referred to as the “Mexican Listed Funds”) after such Fund is listed on a United States exchange. All 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, ******************************************** shall apply with respect to all Mexican Listed Funds. For clarity, there shall be *********************************** from the Mexican Listed Funds shall be included in the **********************************************************************

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

 

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.

 

 

1/2

 

 

A.N.: 130339 

AMD_00125855.0

 

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/ Paul C Lohrey
	
 
	
By
	
 
	
/s/ David Kinzelberg

	
Name
	
 
	
Paul C Lohrey
	
 
	
Name
	
 
	
David Kinzelberg

	
 
	
 
	
(printed)
	
 
	
 
	
 
	
(printed)

	
Title
	
 
	
Managing Director
	
 
	
Title
	
 
	
Executive Director

 

2/2msci-ex10103_133.htm

 

Exhibit 10.103

 

*** 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_00163614.0

AMENDMENT

Date of Amendment: February 25, 2015

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 World ex USA Risk Weighted Index

•MSCI World ex USA Enhanced Value 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 fluids (each, a “World ex U SA Factor ETF” and each World ex USA Factor ETF shall also be a “Fund” as such term is defined in the Agreement):
	
 

•iShares MSCI International Developed Size Factor ETF

•iShares MSCI International Developed Value Factor ETF 

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

The World ex USA Factor 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 per Fund based on ******************************** which fee shall be calculated 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 *********** 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

	
	
1/2

 

 
 

 

A.N.: 130339

AMD_00163614.0

	
 
	
b.
	
MSCI may terminate this Amendment with respect to Indexes set forth in Section I if, within one (1) year of the date of this Amendment, Licensee does not list a World ex USA Factor ETF that is based on such Index.

	
 
	
c.
	
If Licensee delists a particular World ex USA Factor ETF or changes the underlying Index for such World ex USA Factor ETF, Licensee’s right to use the relevant Index set forth in Section 1 with respect to such World ex USA Factor 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
	
8/20/2015
	
 
	
Date
	
Sep 30, 2015

	
 
	
 
	
 
	
 
	
 

 

	
	
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