BlackRock 2037 Municipal Target Term Trust Sample Contracts

MASTER CUSTODIAN AGREEMENT Between Each BlackRock Entity Listed in Appendix A And State Street Bank and Trust Company Dated as of December 31, 2018
Master Custodian Agreement • July 28th, 2022 • BlackRock 2037 Municipal Target Term Trust • New York

This Agreement is made as of December 31, 2018 (this “Agreement”), between each BlackRock entity identified on Appendix A and each BlackRock entity which becomes a party to this Agreement in accordance with the terms hereof (in each case, a “Fund”), including, if applicable, each series of the Fund identified on Appendix A and each series which becomes a party to this Agreement in accordance with the terms hereof, and State Street Bank and Trust Company, a Massachusetts trust company (the “Custodian”).

STANDSTILL AGREEMENT
Standstill Agreement • January 21st, 2025 • BlackRock 2037 Municipal Target Term Trust • New York

This Standstill Agreement (including the exhibits hereto, this “Agreement”) is entered into as of January 20, 2025 by and among Saba Capital Management, L.P. (“Saba”), BlackRock 2037 Municipal Target Term Trust (the “Fund”) and BlackRock Advisors, LLC (the “Advisor,” and together with Saba and the Fund, the “Parties,” and each individually, a “Party”).

INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • July 28th, 2022 • BlackRock 2037 Municipal Target Term Trust • New York

AGREEMENT, dated [●], 2022, between BlackRock 2037 Municipal Target Term Trust (the “Fund”), a Maryland statutory trust, and BlackRock Advisors, LLC (the “Advisor”), a Delaware limited liability company.

Amendment No. 2 to Amended and Restated Master Advisory Fee Waiver Agreement
Master Advisory Fee Waiver Agreement • July 28th, 2022 • BlackRock 2037 Municipal Target Term Trust

This AMENDMENT NO. 2 (this “Amendment”) to the Amended and Restated Master Advisory Fee Waiver Agreement dated December 1, 2019 (the “Agreement”) is made as of this 18th day of September, 2020, by and among BlackRock Advisors, LLC (the “Adviser”) and each investment company listed on Schedule A attached hereto (each, a “Fund”).

EIGHTH AMENDED AND RESTATED SECURITIES LENDING AGENCY AGREEMENT
Securities Lending Agency Agreement • July 28th, 2022 • BlackRock 2037 Municipal Target Term Trust • New York

This Eighth Amended and Restated Agreement, dated as of January 1, 2022, between each investment company, severally and not jointly, identified on Schedule A, as such schedule may be amended from time to time (each a “Client”), acting on behalf of itself or the funds listed on Schedule A hereto and any future series of a Client (each, a “Fund”), by and through BlackRock Advisors, LLC (“BlackRock”), not in its individual capacity but as agent and investment advisor, and BlackRock Investment Management, LLC (the “Lending Agent”), a Delaware limited liability company.

Amended and Restated Master Advisory Fee Waiver Agreement
Master Advisory Fee Waiver Agreement • July 28th, 2022 • BlackRock 2037 Municipal Target Term Trust • New York

This AMENDED AND RESTATED MASTER ADVISORY FEE WAIVER AGREEMENT (this “Agreement”) is made as of December 1, 2019, by and among BlackRock Advisors, LLC (the “Adviser”) and each investment company listed on Schedule A attached hereto (each, a “Fund”).

BLACKROCK 2040 MUNICIPAL TARGET TERM TRUST AGREEMENT AND DECLARATION OF TRUST DATED AS OF NOVEMBER 16, 2020
Agreement and Declaration of Trust • November 19th, 2020 • BlackRock 2040 Municipal Target Term Trust • Maryland

THIS AGREEMENT AND DECLARATION OF TRUST made as of the 16th day of November, 2020, by the Trustee hereunder, and by the holders of shares of beneficial interest issued hereunder as hereinafter provided.

JOINT FILING AGREEMENT Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them,...
Joint Filing Agreement • November 18th, 2025 • BlackRock 2037 Municipal Target Term Trust • National commercial banks

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

ORGANIZATIONAL AND OFFERING EXPENSES AGREEMENT
Organizational and Offering Expenses Agreement • July 28th, 2022 • BlackRock 2037 Municipal Target Term Trust • New York

AGREEMENT made this [●] day of [●], 2022, by and between BlackRock 2037 Municipal Target Term Trust, a Maryland statutory trust (the “Fund”), and BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”), and is acknowledged and agreed to by BlackRock Investments, LLC (“BRIL”).

JOINT FILING AGREEMENT Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them,...
Joint Filing Agreement • October 7th, 2025 • BlackRock 2037 Municipal Target Term Trust • National commercial banks

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

BLACKROCK 2037 MUNICIPAL TARGET TERM TRUST AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST DATED AS OF MAY 19, 2022
Amended and Restated Agreement and Declaration of Trust • July 28th, 2022 • BlackRock 2037 Municipal Target Term Trust • Maryland

THIS AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST made as of the 19th day of May, 2022, by the Trustee hereunder, and by the holders of shares of beneficial interest issued hereunder as hereinafter provided.

SUBSCRIPTION AGREEMENT
Subscription Agreement • September 27th, 2022 • BlackRock 2037 Municipal Target Term Trust

THIS SUBSCRIPTION AGREEMENT is entered into as of the 1st day of August, 2022, between BlackRock 2037 Municipal Target Term Trust, a statutory trust organized and existing under the laws of Maryland (the “Trust”), and BlackRock Financial Management, Inc., a corporation organized and existing under the laws of Delaware (the “Purchaser”).

JOINT FILING AGREEMENT Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them,...
Joint Filing Agreement • November 20th, 2025 • BlackRock 2037 Municipal Target Term Trust • National commercial banks

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

Amendment No. 5 to Amended and Restated Master Advisory Fee Waiver Agreement
Master Advisory Fee Waiver Agreement • July 28th, 2022 • BlackRock 2037 Municipal Target Term Trust

This AMENDMENT NO. 5 (this “Amendment”) to the Amended and Restated Master Advisory Fee Waiver Agreement dated December 1, 2019 (the “Agreement”) is made as of this 23rd day of September, 2021, by and among BlackRock Advisors, LLC (the “Adviser”) and each investment company listed on Schedule A attached hereto (each, a “Fund”).