---

 

Table of Contents

 

Section 1.		Certain Definitions		4
Section 2.		Appointment of Agent		5
Section 3.		Standard Services		6
Section 4.		Dividend Disbursing Services		7
Section 5.		Fee and Expenses		8
Section 6.		Representations and Warranties of Transfer Agent		9
Section 7.		Representations and Warranties of Customer		10
Section 8.		Indemnification/Limitation of Liability		10
Section 9.		Damages		13
Section 10.		Responsibilites of the Transfer Agent		13
Section 11.		Covenants of the Customer and Transfer Agent		14
Section 12.		Confidentiality		14
Section 13.		Term and Terminiation		15
Section 14.		Assignment		17
Section 15.		Unaffiliated Third Parties		17
Section 16.		Miscellaneous		17
Section 16.1		Notices.		17
Section 16.2		Successors		18
Section 16.3.		Amendments		18
Section 16.4.		Severability		18

 

2

 

Section 16.5.		Governing Law		18
Section 16.6		Force Majeure		18
Section 16.7		Descriptive Headings		18
Section 16.8		Third Party Beneficiaries		18
Section 16.9		Survival		18
Section 16.10		Priorities		19
Section 16.11.		Merger of Agreement		19
Section 16.12		Counterparts		19

 

3

 

AGREEMENT made as of the 1st day of December, 2006, by and among each of the BlackRock closed-end investment companies listed on Exhibit C attached hereto, having a principal office and place of business at 100 Bellevue Parkway, Wilmington, Delaware 19809 (each the ?Customer?), and Computershare Shareholder Services, Inc., a Delaware corporation, and its fully owned subsidiary Computershare Trust Company, N.A., a federally charted trust company doing business at 150 Royall Street, Canton, Massachusetts 02021 (collectively the ?Transfer Agent?).

 

WHEREAS, the Customer desires to appoint the Transfer Agent as sole transfer agent, registrar, dividend disbursing agent and administrator of dividend reinvestment plans.

 

WHEREAS, the Board of Directors or Trustees, as applicable, of each Customer has approved appointment of the Transfer Agent and the form of this Agreement.

 

NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:

 

1.  Certain Definitions.

 

(a)                                  ?Account? or ?Accounts? shall mean the account of each Shareholder which account shall hold any full or fractional shares of stock held by such Shareholder and/or outstanding funds or tax reporting to be done.

 

(b)                                 ?Additional Services? shall mean any and all services which are not Services as set forth in the Fee and Service Schedule, but performed by Transfer Agent upon request of Customer.

 

(c)                                  ?Agreement? shall mean this agreement and any and all exhibits or schedules attached hereto and any and all amendments or modifications, which may from time to time be executed.

 

(d)                                 ?Annual Period? shall mean each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

 

(e)                                  ?Board of Directors? means the Board of Directors or the Board of Trustees, as the case may be, of each Customer.

 

(f)                                    ?Closed Account? shall mean an account with a zero share balance, no outstanding funds or no reportable tax information.

 

(g)                                 ?Dividend Reinvestment Plan? shall mean the services as set forth in Section 4 and in the Fee and Service Schedule.

 

(h)                                 ?Effective Date? shall mean the date first stated above.

 

(i)                                     ?Fee and Service Schedule? shall mean the fees and services set forth in the ?Fee and Service Schedule? attached hereto.

 

4

 

(j)                                     ?Participant? or ?Participants? shall mean Shareholders enrolled in a Dividend Reinvestment Plan.

 

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC