Exhibit (l)(3)
PURCHASE AGREEMENT
BlackRock ETF Trust II (the Registrant), a statutory trust under the laws of the State of Delaware, on behalf of its series BlackRock Floating Rate Loan ETF (the Fund) and BlackRock Financial Management, Inc. (the Purchaser), a Delaware corporation, hereby agree as follows:
1. The Registrant hereby offers the Purchaser and the Purchaser hereby purchases 2 shares of the Fund (the Shares) for $50 per Share. The Registrant hereby acknowledges receipt from the Purchaser of funds in full payment for the foregoing Shares.
2. The Purchaser represents and warrants to the Registrant that the foregoing Shares are being acquired for investment purposes and not with a view to the distribution thereof.
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IN AGREEMENT WHEREOF, and intending to be legally bound hereby, the parties hereto have executed this Purchase Agreement as of the 28th day of September, 2022.
BLACKROCK ETF TRUST II, on behalf of BlackRock Floating Rate Loan ETF | ||
By: | /s/ John Perlowski | |
Name: | John Perlowski | |
Title: | President and Chief Executive Officer | |
BLACKROCK FINANCIAL MANAGEMENT, INC. | ||
By: | /s/ Trent Walker | |
Name: | Trent Walker | |
Title: | Managing Director |
[Signature Page to BlackRock Floating Rate Loan ETF Purchase Agreement]