0001193125-06-199305 Sample Contracts

SUB-INVESTMENT ADVISORY AGREEMENT

Sub-Investment Advisory Agreement • September 29th, 2006 • Merrill Lynch Natural Resources Trust / • New York

• Contract Type
  Sub-Investment Advisory Agreement
• Filed
  September 29th, 2006
• Company
  Merrill Lynch Natural Resources Trust /
• Jurisdiction
  New York

AGREEMENT dated September 29, 2006, between BlackRock Advisors, LLC, a Delaware limited liability corporation (the “Advisor”), and BlackRock Investment Management, LLC, a Delaware limited liability company (the “Sub-Advisor”).

INVESTMENT MANAGEMENT AGREEMENT

Investment Management Agreement • September 29th, 2006 • Merrill Lynch Natural Resources Trust / • New York

• Contract Type
  Investment Management Agreement
• Filed
  September 29th, 2006
• Company
  Merrill Lynch Natural Resources Trust /
• Jurisdiction
  New York

AGREEMENT, dated September 29, 2006, between Merrill Lynch Natural Resources Trust, a Massachusetts business trust (the “Trust”) and BlackRock Advisors, LLC (the “Advisor”), a Delaware limited liability company.