0001752724-19-011687 Sample Contracts

BLACKROCK ENHANCED CAPITAL & INCOME FUND, INC. (the “Fund”) File No. 811-21506 Item G.1.b.iii: New or amended investment advisory contracts
Master Advisory Fee Waiver Agreement • March 18th, 2019 • Blackrock Enhanced Capital & Income Fund, Inc.

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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