0001752724-18-001778 Sample Contracts

BLACKROCK MUNICIPAL BOND TRUST (the “Fund”) File No. 811-21036 Item G.1.b.iii: New or amended investment advisory contracts
Master Advisory Fee Waiver Agreement • November 13th, 2018 • Blackrock Municipal Bond Trust

This MASTER ADVISORY FEE WAIVER AGREEMENT (this “Agreement”) is made as of the 2nd day of December, 2016, by and among BlackRock Advisors, LLC (the “Adviser”) an “Adviser”) and each investment company listed on Schedule A attached hereto (each, a “Fund”).

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