0000950172-01-500712 Sample Contracts

Period Ending Period Ending July 31 Waiver July 31 Waiver ------------- ------ ------- ------ 2002 .25% 2007 .20% 2003 .25% 2008 .15% 2004 .25% 2009 .10% 2005 .25% 2010 .05% 2006 .25%
Blackrock Florida Municipal Income Trust • August 21st, 2001

BlackRock Advisors, Inc. (the "Advisor") and BlackRock Florida Municipal Income Trust (the "Trust"), a closed-end management investment company registered under the Investment Company Act of 1940, as amended, have entered into an Investment Management Agreement, dated as of July 19, 2001 (the "Advisory Agreement"), pursuant to which the Advisor has agreed to furnish investment advisory services to the Trust on the terms and subject to the conditions of the Advisory Agreement.

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Agency and Service Agreement • August 21st, 2001 • Blackrock Florida Municipal Income Trust • Massachusetts
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