Amendment to the Previous Amendment to the Index License Agreement for Funds, dated as of February 19, 2018, by and between MSCI Inc. (formerly, Morgan Stanley Capital International Inc.) and BlackRock Fund Advisors (as successor to Barclays Global Investors, N.A.)

Contract Categories: Intellectual Property - License Agreements
EX-10.171 8 msci-ex10171_944.htm EX-10.171 BLK msci-ex10171_944.htm


Exhibit 10.171




THIS AMENDMENT (this “Amendment”) dated as of February 19, 2018 (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.

WHEREAS, MSCI and Licensee entered into the Amendment (internal MSCI reference number: AMD_00389) dated August 23, 2011 (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 June 1, 2018 (the “Conversion Date”), Licensee and MSCI wish to replace one MSCI index with a different MSCI index as the basis of iShares MSCI Emerging Markets Asia 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:


Commencing on the Conversion Date, Section 1 of the Previous Amendment is hereby amended so that the MSCI Emerging Markets Asia Index shall be deleted and replaced with the following index:  “MSCI EM Asia Custom Capped Index.”


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.


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.


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.



BlackRock Fund Advisors

By /s/ Alex Gil


By /s/ Ruth Weiss

Name Alex Gil


Name Ruth Weiss

Title Executive Director


Title Managing Director