<SEC-DOCUMENT>0001140361-21-012396.txt : 20210412
<SEC-HEADER>0001140361-21-012396.hdr.sgml : 20210412
<ACCEPTANCE-DATETIME>20210412143144
ACCESSION NUMBER:		0001140361-21-012396
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20210412
DATE AS OF CHANGE:		20210412
GROUP MEMBERS:		BANC OF AMERICA PREFERRED FUNDING CORP

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK NEW YORK MUNICIPAL INCOME TRUST
		CENTRAL INDEX KEY:			0001137390
		IRS NUMBER:				510409117
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-84630
		FILM NUMBER:		21820364

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		888-825-2257

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANK OF AMERICA CORP /DE/
		CENTRAL INDEX KEY:			0000070858
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				560906609
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		BANK OF AMERICA CORPORATE CENTER
		STREET 2:		100 N TRYON ST
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28255
		BUSINESS PHONE:		7043868486

	MAIL ADDRESS:	
		STREET 1:		BANK OF AMERICA CORPORATE CENTER
		STREET 2:		100 N TRYON ST
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28255

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANKAMERICA CORP/DE/
		DATE OF NAME CHANGE:	19981022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATIONSBANK CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NCNB CORP
		DATE OF NAME CHANGE:	19920107
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>brhc10022981_sc13d.htm
<DESCRIPTION>SC 13D
<TEXT>
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  <div>
    <div style="text-align: center; font-size: 14pt;">UNITED STATES</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt;">Washington, D.C. 20549</div>
    <div>&#160;</div>
    <div style="text-align: center; font-size: 18pt;">SCHEDULE 13D</div>
    <div>&#160;</div>
    <div style="text-align: center;">Under the Securities Exchange Act of 1934</div>
    <div>&#160;</div>
    <div style="text-align: center;">(Amendment No. n/a )*</div>
    <div>&#160;</div>
    <div style="text-align: center; font-size: 24pt;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
    <div style="text-align: center;">(Name of Issuer)</div>
    <div><br>
    </div>
    <div style="text-align: center;">VARIABLE RATE DEMAND PREFERRED SHARES</div>
    <div style="text-align: center;">(Title of Class of Securities)</div>
    <div>&#160;</div>
    <div style="text-align: center;">09248L502</div>
    <div style="text-align: center;">(CUSIP Number)</div>
    <div>&#160;</div>
    <div style="text-align: center;">Bank of America Corporation</div>
    <div style="text-align: center;">Bank of America Corporate Center</div>
    <div style="text-align: center;">100 North Tryon Street</div>
    <div style="text-align: center;"><u>Charlotte, North Carolina 28255</u></div>
    <div><br>
    </div>
    <div style="text-align: center;">(Name, Address and Telephone Number of Person</div>
    <div style="text-align: center;">Authorized to Receive Notices and Communications)</div>
    <div>&#160;</div>
    <div style="text-align: center;">March 31, 2021
      <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 38%; color: #000000;"></div>
    <div style="text-align: center;">(Date of Event Which Requires Filing of this Statement)</div>
    <div><br>
    </div>
    <div style="text-align: justify;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g),
      check the following box &#9744;.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">*The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which
      would alter disclosures provided in a prior cover page.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">The information required in the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of
      that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).<br>
      <br>
    </div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center;">SCHEDULE 13D</div>
    <div style="text-align: center;"> <br>
    </div>
    <div>CUSIP No. 09248L502 </div>
    <div style="text-align: center;"> <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr>
            <td rowspan="3" style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">1</div>
            </td>
            <td colspan="3" style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">NAMES OF REPORTING PERSONS</div>
            </td>
            <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: justify;"> Bank of America Corporation&#160;&#160;&#160; 56-0906609</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr style="HEIGHT: 13px">
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">2</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: right">(a)</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: right">(b)</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9746;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">3</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; BACKGROUND-COLOR: #bfbfbf">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SEC USE ONLY</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%; BACKGROUND-COLOR: #bfbfbf">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%; BACKGROUND-COLOR: #bfbfbf">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr style="BACKGROUND-COLOR: #bfbfbf">
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr style="BACKGROUND-COLOR: #bfbfbf">
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">4</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> WC </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">5</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9746;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">6</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;">
              <div style="text-align: justify;">Delaware</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" rowspan="12" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%">
              <div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">7</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE VOTING POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 0<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">8</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED VOTING POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 945<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">9</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE DISPOSITIVE POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 0<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">10</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED DISPOSITIVE POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 945<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">11</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> 945<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">12</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">13</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> 100%<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">14</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> HC<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <br>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center;">SCHEDULE 13D<br>
      <div style="text-align: left;"> <br>
      </div>
      <div style="text-align: left;">CUSIP No. 09248L502</div>
      <div style="text-align: left;"> <br>
      </div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr>
            <td rowspan="3" style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">1</div>
            </td>
            <td colspan="3" style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">NAMES OF REPORTING PERSONS</div>
            </td>
            <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> Banc of America Preferred Funding Corporation&#160; &#160; &#160;&#160; 75-2939570 </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr style="HEIGHT: 13px">
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">2</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: right">(a)</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: right">(b)</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9746;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">3</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; BACKGROUND-COLOR: #bfbfbf">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SEC USE ONLY</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%; BACKGROUND-COLOR: #bfbfbf">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%; BACKGROUND-COLOR: #bfbfbf">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr style="BACKGROUND-COLOR: #bfbfbf">
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr style="BACKGROUND-COLOR: #bfbfbf">
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">4</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> WC </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">5</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">6</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> Delaware </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="2" rowspan="12" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%">
              <div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
            </td>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">7</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE VOTING POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 0<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">8</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED VOTING POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 945<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">9</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE DISPOSITIVE POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 0<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">10</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED DISPOSITIVE POWER</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 76.38%;"> 945<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">11</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> 945<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">12</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
              <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">&#160;</td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">13</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> 100%<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%">
              <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">14</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%">
              <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="vertical-align: middle; border-bottom: 1pt solid rgb(0, 0, 0); border-left: 1pt solid rgb(0, 0, 0); width: 86.4%;"> CO<br>
            </td>
            <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <br>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="zd04fb71871394fb4a89e037ea77b3070" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 1</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Security and Issuer</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This Statement on Schedule 13D (this &#8220;<font style="font-weight: bold;">Statement</font>&#8221;) relates to the purchase of 945 variable rate demand preferred shares (CUSIP No. 09248L502) (&#8220;<font style="font-weight: bold;">VRDP Shares</font>&#8221;) of BlackRock New York Municipal Income Trust (the &#8220;<font style="font-weight: bold;">Issuer</font>&#8221; or the &#8220;<font style="font-weight: bold;">Company</font>&#8221;). This Statement is being filed by the
      Reporting Persons (as defined below) as a result of the purchase of VRDP Shares by BAPFC (as defined below). The Issuer&#8217;s principal executive offices are located at 100 Bellevue Parkway, Wilmington, Delaware 19808.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 2</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Identity and Background</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 27pt;">(a) This Statement is being filed on behalf of each of the following persons (collectively, the &#8220;<font style="font-weight: bold;">Reporting Persons</font>&#8221;):</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z304ddbad4f9e42918e54d46b7726d723" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 39.1pt;"><br>
          </td>
          <td style="width: 31.2pt; vertical-align: top; align: right;">i.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Bank of America Corporation (&#8220;<font style="font-weight: bold;">BAC</font>&#8221;)</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zf73780ed024a425c847cab7f4201759d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 39.1pt;"><br>
          </td>
          <td style="width: 31.2pt; vertical-align: top; align: right;">ii.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Banc of America Preferred Funding Corporation (&#8220;<font style="font-weight: bold;">BAPFC</font>&#8221;)</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This Statement relates to the VRDP Shares that were purchased for the account of BAPFC.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 27pt;">(b) The address of the principal business office of BAC is:</div>
    <div>&#160;</div>
    <div style="text-align: justify;">Bank of America Corporate Center</div>
    <div style="text-align: justify;">100 North Tryon Street</div>
    <div style="text-align: justify;">Charlotte, North Carolina 28255</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The address of the principal business office of BAPFC is:</div>
    <div>&#160;</div>
    <div style="text-align: justify;">214 North Tryon Street</div>
    <div style="text-align: justify;">Charlotte, North Carolina 28255</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">(c) BAC and its subsidiaries provide diversified global financial services and products.&#160; The principal business of BAPFC is to make investments and provide loans to clients.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Information concerning each executive officer, director and controlling person (the &#8220;<font style="font-weight: bold;">Listed Persons</font>&#8221;) of the Reporting Persons is listed on Schedule I attached hereto, and is
      incorporated by reference herein.&#160; To the knowledge of the Reporting Persons, all of the Listed Persons are citizens of the United States, other than as otherwise specified on Schedule I hereto.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">(d) Other than as set forth on Schedule II, during the last five years, none of the Reporting Persons, and to the best knowledge of the Reporting Persons, none of the Listed Persons, have been
      convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a
      judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zec48001a207149f2ac47fee63376472b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 3</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Source and Amount of Funds or Other Consideration</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The aggregate amount of funds used by the Reporting Persons to purchase the securities reported herein was approximately $94,500,000.&#160; The source of funds was the working capital of the Reporting
      Persons.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Reporting Persons declare that neither the filing of this Statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the Exchange
      Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of securities of the Company
      or otherwise with respect to the Company or any securities of the Company or (ii) a member of any group with respect to the Company or any securities of the Company.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zebb0952af1ec4afe9b9d8aebdde1be10" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 4</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Purpose of the Transaction</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(a) BAPFC has purchased the VRDP Shares for investment purposes. BAPFC acquired the VRDP Shares in a secondary market transaction for a purchase price of $94,500,000.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Reporting Persons have not acquired the subject securities with any purpose, or with the effect of, changing or influencing control of the issuer, or in connection with or as a participant in any
      transaction having that purpose or effect.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z1588a5e886c44b6da4289a87bfb51357" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 5</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Interest in Securities of the Issuer</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(a) - (b) The responses of the Reporting Persons to Rows (7) through (11) of the cover pages of this Statement are incorporated herein by reference.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(c) The responses of the Reporting Persons in Item 3 and Item 4 are incorporated herein by reference.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(d) No other person is known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, VRDP Shares that may be
      deemed to be beneficially owned by the Reporting Persons.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(e) Not applicable.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="za15216f297b24cc4b991a598a294e5ec" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 6</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div><font style="font-weight: bold;">Contracts, Arrangements, Understandings or Relationships with Respect to Securities of</font>&#160;<font style="font-weight: bold;">the Issuer</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify;">The responses of the Reporting Persons to Item 4 are incorporated herein by reference.&#160; With respect to the VRDP Shares owned by BAPFC, on March 31, 2021, BAPFC assigned certain preferred class voting rights on the
      VRDP Shares to a voting trust (the &#8220;<font style="font-weight: bold;">Voting Trust</font>&#8221;) created pursuant to the Voting Trust Agreement, dated March 31, 2021 among BAPFC, Lord Securities Corporation, as voting trustee (the &#8220;<font style="font-weight: bold;">Voting Trustee</font>&#8221;) and Institutional Shareholder Services Inc. (the &#8220;<font style="font-weight: bold;">Voting Consultant</font>&#8221;).&#160; Voting and consent rights on the VRDP Shares not assigned to the Voting Trust have
      been retained by BAPFC.&#160; The Voting Trust provides that with respect to voting or consent matters relating to the voting rights assigned to the Voting Trust, the Voting Consultant analyzes such voting or consent matters and makes a recommendation to
      the Voting Trustee on voting or consenting.&#160; The Voting Trustee is obligated to follow any such recommendations of the Voting Consultant when providing a vote or consent.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">The VRDP Shares will have the benefit of a liquidity purchase obligation at the times and in the manner specified in the VRDP Shares Purchase Agreement, dated as of March 31, 2021, between The Bank of New York Mellon
      (&#8220;<font style="font-weight: bold;">BNY</font>&#8221;) and Bank of America, N.A., as liquidity provider (&#8220;<font style="font-weight: bold;">BANA</font>&#8221;). Certain agreements between the Issuer and BANA as liquidity provider are documented in the VRDP Shares
      Fee Agreement, dated as of March 31, 2021, between the Issuer and BANA. Certain agreements between the Issuer and BofA Securities, Inc. (&#8220;<font style="font-weight: bold;">BofA</font>&#8221;), as remarketing agent for the VRDP Shares are documented in the
      VRDP Shares Remarking Agreement, dated as of March 31, 2021, between the Issuer and BofA.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="zfba03800e17d41be8572de5d7f63ffcb" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 7</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Material to be Filed as Exhibits</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="zbdcd0e33cdf745069c4f86f9941d9d35" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;">Exhibit</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: justify;">Description of Exhibit</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;">99.1</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: justify;">Joint Filing Agreement</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;">99.2</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: justify;">Limited Power of Attorney</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;">99.3</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: justify;">Voting Trust Agreement dated March 31, 2021</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;">99.4</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: justify;">VRDP Shares Purchase Agreement dated March 31, 2021</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;">99.5</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: justify;">VRDP Shares Fee Agreement dated March 31, 2021</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;">99.6</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div style="text-align: justify;">VRDP Shares Remarketing Agreement dated March 31, 2021</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 90%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center;">SIGNATURES</div>
    <div>&#160; <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="zfcfc42e11abd44c2bb2f3cdcee37c82a" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify;">Date:&#160;&#160; April 12, 2021</div>
          </td>
          <td style="vertical-align: top;" colspan="3"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1"><br>
          </td>
          <td style="vertical-align: top;" colspan="3" rowspan="1"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: justify; font-weight: bold;">BANK OF AMERICA CORPORATION</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1"><br>
          </td>
          <td style="vertical-align: top;" colspan="3" rowspan="1"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div style="text-align: justify;">By:</div>
          </td>
          <td style="width: 27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Michael Jentis </td>
          <td style="width: 20%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: justify;">Name:&#160; Michael Jentis</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: justify;">Title:&#160; Attorney-in-fact</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: justify; font-weight: bold;">BANC OF AMERICA PREFERRED</div>
            <div style="text-align: justify; font-weight: bold;">FUNDING CORPORATION</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1"><br>
          </td>
          <td style="vertical-align: top;" colspan="3" rowspan="1"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div style="text-align: justify;">By:</div>
          </td>
          <td style="width: 27%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Michael Jentis </td>
          <td style="width: 20%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: justify;">Name:&#160; Michael Jentis</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div style="text-align: justify;">Title:&#160; Authorized Signatory</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div>LIST OF EXHIBITS</div>
    <div>&#160; <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z5c7bab6b9c814191be71189cf31d12c0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="text-align: justify;">Exhibit</div>
          </td>
          <td style="width: 88%; vertical-align: top;">
            <div style="text-align: justify;">Description of Exhibit</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="text-align: justify;"><a href="brhc10022981_ex99-1.htm">99.1</a></div>
          </td>
          <td style="width: 88%; vertical-align: top;">
            <div style="text-align: justify;">Joint Filing Agreement</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="text-align: justify;"><a href="brhc10022981_ex99-2.htm">99.2</a></div>
          </td>
          <td style="width: 88%; vertical-align: top;">
            <div style="text-align: justify;">Limited Power of Attorney</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="text-align: justify;"><a href="brhc10022981_ex99-3.htm">99.3</a></div>
          </td>
          <td style="width: 88%; vertical-align: top;">
            <div style="text-align: justify;">Voting Trust Agreement dated March 31, 2021</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="text-align: justify;"><a href="brhc10022981_ex99-4.htm">99.4</a></div>
          </td>
          <td style="width: 88%; vertical-align: top;">
            <div style="text-align: justify;">VRDP Shares Purchase Agreement dated March 31, 2021</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="text-align: justify;"><a href="brhc10022981_ex99-5.htm">99.5</a></div>
          </td>
          <td style="width: 88%; vertical-align: top;">
            <div style="text-align: justify;">VRDP Shares Fee Agreement dated March 31, 2021</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div style="text-align: justify;"><a href="brhc10022981_ex99-6.htm">99.6</a></div>
          </td>
          <td style="width: 88%; vertical-align: top;">
            <div style="text-align: justify;">VRDP Shares Remarketing Agreement dated March 31, 2021</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>SCHEDULE I</u></div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>EXECUTIVE OFFICERS AND DIRECTORS OF</u></div>
    <div style="text-align: center; font-weight: bold;"><u>REPORTING PERSONS</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following sets forth the name and present principal occupation of each executive officer and director of Bank of America Corporation.&#160; The business address of each of the executive officers and
      directors of Bank of America Corporation is Bank of America Corporate Center, 100 North Tryon Street, Charlotte, North Carolina 28255.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="za9781fa870fc45d8a978f0842f5f1ccb" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Name</u></div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 32%; vertical-align: bottom;">
            <div style="text-align: center;">Position with Bank of<u> </u></div>
            <div style="text-align: center;"><u>America Corporation</u></div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Principal Occupation</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 3%; vertical-align: top;" rowspan="1"><br>
          </td>
          <td style="width: 32%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 3%; vertical-align: top;" rowspan="1"><br>
          </td>
          <td style="width: 42%; vertical-align: bottom;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Brian T. Moynihan</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Chairman of the Board, Chief Executive Officer, President and Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Chairman of the Board, Chief Executive Officer, and President of Bank of America Corporation</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Dean C. Athanasia</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">President,&#160; Retail and Preferred &amp; Small Business Banking</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">President, Retail and Preferred &amp; Small Business Banking of Bank of America Corporation</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Catherine P. Bessant</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Chief Operations and Technology Officer</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Chief Operations and Technology Officer of Bank of America Corporation</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Sheri Bronstein</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Chief Human Resources Officer</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Chief Human Resources Officer of Bank of America Corporation</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Paul M. Donofrio</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Chief Financial Officer</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Chief Financial Officer of Bank of America Corporation</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify; color: rgb(0, 0, 0);">Geoffrey Greener</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify; color: rgb(0, 0, 0);">Chief Risk Officer</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify; color: rgb(0, 0, 0);">Chief Risk Officer of Bank of America Corporation</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 3%; vertical-align: top;"><br>
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          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 42%; vertical-align: top;">
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
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          <td style="width: 42%; vertical-align: top;">
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            <div style="text-align: justify;">Former Chairman and Chief Executive Officer of HCA Inc.</div>
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            <div style="text-align: justify;">Director</div>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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            <div style="text-align: justify;">Former Executive Officer, The Cardea Group, LLC and Former President and Chief Executive Officer of BAE Systems, Inc.</div>
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          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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            <div style="text-align: justify;">Chief Executive Officer, College Futures Foundation and Former Chairman, US Hispanic Media Inc.</div>
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          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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            <div style="text-align: justify;">Former Chairman, President, and Chief Executive Officer of Eversource Energy</div>
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          <td style="width: 32%; vertical-align: top;">
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          <td style="width: 3%; vertical-align: top;"><br>
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            <div style="text-align: justify;">Former Senior Vice President and Treasurer,&#160; PepsiCo Inc.</div>
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        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
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          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 42%; vertical-align: top;">
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          <td style="width: 3%; vertical-align: top;"><br>
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            <div style="text-align: justify;">President of Bowdoin College</div>
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          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 32%; vertical-align: top;">
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          <td style="width: 3%; vertical-align: top;"><br>
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            <div style="text-align: justify;">Former Vice Chairman and Senior Executive Vice President of Canadian Imperial Bank of Commerce; Former Chairman, Hydro One Limited</div>
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          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
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          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
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          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 32%; vertical-align: top;">
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          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Former Chief Executive Officer of AmerisourceBergen Corp.</div>
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        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
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          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;"><br>
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          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
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          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
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          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Vice President for Research and E.A., Griswold Professor of Geophysics, MIT</div>
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    </table>
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    </div>
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            <td style="vertical-align: top;">
              <div style="text-align: justify;">Mr. de Weck is a citizen of Switzerland.</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
    </div>
    <div>
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          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 9pt;">
              <div style="text-align: justify;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="vertical-align: top; width: auto;">
              <div style="text-align: justify;">Mr. Woods is a citizen of Canada.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; font-size: 8pt;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following sets forth the name and present principal occupation of each executive officer and director of Banc of America Preferred Funding Corporation.&#160; The business address of each of the
      executive officers and directors of Banc of America Preferred Funding Corporation is 214 North Tryon Street, Charlotte, North Carolina 28255.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zb36d384fa2a6482eb1967053b48549c6" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 20%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Name</u></div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 32%; vertical-align: bottom;">
            <div style="text-align: center;">Position with Banc of</div>
            <div style="text-align: center;">America Preferred Funding <u><br>
                Corporation</u></div>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Principal Occupation</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 3%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 32%; vertical-align: bottom;" rowspan="1">&#160;</td>
          <td style="width: 3%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 42%; vertical-align: bottom;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">John J. Lawlor</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director and President</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Managing Director, Municipal Markets and Public Sector Banking Executive of Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated and Bank of America, National Association</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Edward H. Curland</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director and Managing Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Managing Director, Municipal Markets Executive for Trading of Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated and Bank of America, National Association</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">James Duffy</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Director; MBAM BFO, The CFO Group of&#160; Bank of America, National Association</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Peter Liu</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Managing Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Director; Global Markets Risk, Senior Manager Global Risk of Bank of America, National Association</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Michael I. Jentis</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Managing Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Managing Director, Head of Sales &#8211; Public Finance of Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated and Bank of America, National Association</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Mona Payton</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Managing Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Managing Director, Municipal Markets Executive for Short-Term Trading of Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated and Bank of America, National Association</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">Edward J. Sisk</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director and Managing Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Managing Director, Public Finance Executive of Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated and Bank of America, National Association</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">John B. Sprung</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Corporate Director</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 32%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 42%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: top;">
            <div style="text-align: justify;">David A. Stephens</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 32%; vertical-align: top;">
            <div style="text-align: justify;">Director and Managing Director</div>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 42%; vertical-align: top;">
            <div style="text-align: justify;">Managing Director, Executive for Public Finance and Public Sector Credit Products of Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated and Bank of America, National Association</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>SCHEDULE II</u></div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>LITIGATION SCHEDULE</u></div>
    <div>&#160;</div>
    <div style="text-align: justify;"><u>New York Attorney General Investor Protection Bureau Masking Settlement 3/22/2018</u></div>
    <div><br>
    </div>
    <div style="text-align: justify;">On March 22, 2018, the Attorney General of the State of New York Investor Protection Bureau (&#8220;NYAG&#8221;) alleged that Bank of America Corporation (&#8220;BAC&#8221;) and Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated
      (&#8220;MLPF&amp;S&#8221;) (1) concealed from its institutional clients that orders were routed to and executed by &#8220;electronic liquidity providers,&#8221; (2) misstated the composition of orders and trades in its dark pool, and (3) did not accurately describe its use
      of a proprietary &#8220;venue ranking&#8221; analysis, in violation of the Martin Act and Executive Law &#167; 63(12).&#160; In connection with the agreement, BAC and MLPF&amp;S agreed (1) not to engage, or attempt to engage, in conduct in violation of any applicable
      laws, including but not limited to the Martin Act and Executive Law &#167; 63(12); (2) to pay a penalty in the amount of $42,000,000; and (3) provide the NYAG a summary of the review of its electronic trading policies and procedures.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">NOTE</font>:&#160; In addition, Bank of America Corporation and certain of its affiliates, including MLPF&amp;S and BANA, have been involved in a number of civil proceedings and regulatory
      actions which concern matters arising in connection with the conduct of its business.&#160; Certain of such proceedings have resulted in findings of violations of federal or state securities laws.&#160; Such proceedings are reported and summarized in the
      MLPF&amp;S Form BD as filed with the SEC, which descriptions are hereby incorporated by reference.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10022981_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Summit Financial
         Document created using EDGARfilings PROfile 7.4.0.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
    <div>
      <div style="text-align: right; font-weight: bold;">Exhibit 99.1</div>
      <div>&#160;</div>
      <div style="text-align: center;">JOINT FILING AGREEMENT</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the &#8220;<font style="font-weight: bold;">Exchange Act</font>&#8221;), and the rules and regulations thereunder, each party
        hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement,
        and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of
        this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date set forth below.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 40%; vertical-align: top;">
              <div style="text-align: justify;">Date: April 12, 2021</div>
            </td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="3">
              <div style="text-align: justify;">BANK OF AMERICA CORPORATION</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="3">&#160;</td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
              <div>By:</div>
            </td>
            <td style="width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Michael Jentis</td>
            <td style="width: 20%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div>Name:</div>
            </td>
            <td style="vertical-align: top;" colspan="2">
              <div>Michael Jentis</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;">Title:</div>
            </td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: justify;">Attorney-in-fact</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">&#160;</td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="3">
              <div>BANC OF AMERICA PREFERRED FUNDING CORPORATION</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="3">&#160;</td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
              <div>By:</div>
            </td>
            <td style="width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Michael Jentis</td>
            <td style="width: 20%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div>Name:</div>
            </td>
            <td style="vertical-align: top;" colspan="2">
              <div>Michael Jentis</div>
            </td>
          </tr>
          <tr>
            <td style="width: 40%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: justify;">Title:</div>
            </td>
            <td style="vertical-align: top;" colspan="2">
              <div style="text-align: justify;">Authorized Signatory</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    </div>
    <div><br>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>brhc10022981_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Summit Financial
         Document created using EDGARfilings PROfile 7.4.0.0
         Copyright 1995 - 2021 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
    <div>
      <div style="text-align: right; font-weight: bold;">Exhibit 99.2</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">BANK OF AMERICA CORPORATION</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">LIMITED POWER OF ATTORNEY</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">BANK OF AMERICA CORPORATION</font>, a Delaware corporation (the &#8220;Corporation&#8221;), does hereby make, constitute, and appoint Michael Jentis as an attorney-in-fact for the Corporation
        acting for the Corporation and in the Corporation&#8217;s name, place and stead, for the Corporation&#8217;s use and benefit, to bind the Corporation by his execution of those agreements, forms and documents related specifically to Section 13 and Section 16 of
        the Securities Exchange Act of 1934.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Any documents executed by the attorney-in-fact in accordance with this Limited Power of Attorney shall fully bind and commit the Corporation and all other parties to such documents may rely upon the execution thereof
        by the attorney-in-fact as if executed by the Corporation and as the true and lawful act of the Corporation.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">This Limited Power of Attorney shall automatically terminate as to the authority of Michael Jentis upon the earlier of the attorney-in-fact&#8217;s resignation or termination from or transfer out of Global Banking and
        Markets &#8211; Municipal Banking and Markets; however, any such resignation, termination or transfer shall have no impact on any documents or instruments executed by the attorney-in-fact named above for the Corporation prior to such resignation,
        termination or transfer.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">IN WITNESS WHEREOF</font>, this Power of Attorney has been executed and delivered by the Corporation to the Attorney-in-Fact on this 27th day of May, 2020.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-weight: bold;">BANK OF AMERICA CORPORATION</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 47%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">
              <div>By:</div>
            </td>
            <td style="width: 47%; vertical-align: top;">
              <div><u>/s/ Ellen A. Perrin</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 47%; vertical-align: top;">
              <div>Ellen A. Perrin</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 47%; vertical-align: top;">
              <div>Associate General Counsel and Senior Vice President</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>brhc10022981_ex99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
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    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.3</font><br>
    </div>
    <div style="text-indent: 36pt;">
      <div style="text-align: right;"> <br>
      </div>
      <div style="text-align: right;">EXECUTION VERSION</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">VOTING TRUST AGREEMENT</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-weight: bold; font-size: 10pt;">THIS VOTING TRUST AGREEMENT</font><font style="font-size: 10pt;"> (this &#8220;<font style="font-weight: bold;">Agreement</font>&#8221;) is made and entered into
          effective for all purposes and in all respects as of March 31, 2021 by and among Lord Securities Corporation, as trustee (the &#8220;<font style="font-weight: bold;">Trustee</font>&#8221; or any successor thereto), Banc of America Preferred Funding
          Corporation, a Delaware corporation, including its successors and assigns by operation of law (&#8220;<font style="font-weight: bold;">PFC</font>&#8221; or the &#8220;<font style="font-weight: bold;">Purchaser</font>&#8221;) and Institutional Shareholder Services Inc.
          (the &#8220;<font style="font-weight: bold;">Voting Consultant</font>&#8221; or any successor thereto).</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-weight: bold; font-size: 10pt;">WHEREAS</font><font style="font-size: 10pt;">, the Purchaser is the legal and Beneficial Owner of Variable Rate Demand Preferred Shares (&#8220;<font style="font-weight: bold;">VRDP</font>&#160;<font style="font-weight: bold;">Shares</font>&#8221;) of BlackRock New York Municipal Income Trust (the &#8220;<font style="font-weight: bold;">Issuer</font>&#8221;) pursuant to the terms of the VRDP Shares Fee Agreement,
          dated as of March 31, 2021, between Bank of America, N.A. (&#8220;<font style="font-weight: bold;">BANA</font>&#8221;) and the Issuer (the &#8220;<font style="font-weight: bold;">Fee Agreement</font>&#8221;);</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-weight: bold; font-size: 10pt;">WHEREAS</font><font style="font-size: 10pt;">, the Purchaser desires to transfer and assign irrevocably to the Trustee, and the Trustee desires to
          accept such transfer and assignment of, the right to vote and consent for the Purchaser in connection with all of its voting and consent rights and responsibilities, as set forth in Section 1 below, as a Beneficial Owner of (i) VRDP Shares
          acquired by the Purchaser pursuant to the Fee Agreement (such VRDP Shares, when owned by the Purchaser, the &#8220;<font style="font-weight: bold;">Subject Shares</font>&#8221;) and (ii) any additional shares of VRDP Shares or preferred shares of any class
          or series of the Issuer having voting powers of which an Affiliate of PFC is the Beneficial Owner or that the Purchaser becomes the Beneficial Owner of during the term of this Agreement (any such additional preferred shares of the Issuer having
          voting powers being &#8220;<font style="font-weight: bold;">Additional Shares</font>&#8221; and when so acquired will become a part of the &#8220;<font style="font-weight: bold;">Subject Shares</font>&#8221; covered by this Agreement);</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-weight: bold; font-size: 10pt;">WHEREAS</font><font style="font-size: 10pt;">, the Voting Consultant shall analyze any matters requiring the owner of Subject Shares, to vote or
          consent in its capacity as an equity holder (whether at a meeting or via a consent solicitation), and shall provide a recommendation to the Trustee of how to vote or consent with respect to such voting or consent matters;</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-weight: bold; font-size: 10pt;">WHEREAS</font><font style="font-size: 10pt;">, the Voting Consultant and the Trustee are Independent of the Purchaser; and</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-weight: bold; font-size: 10pt;">WHEREAS</font><font style="font-size: 10pt;">, the parties hereto desire to set forth in writing their understandings and agreements.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-weight: bold; font-size: 10pt;">NOW, THEREFORE</font><font style="font-size: 10pt;">, in consideration of the foregoing, of the mutual promises hereinafter set forth and of other
          good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending legally and equitably to be bound, hereby agree as follows:</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Creation of Trust</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Purchaser hereby irrevocably transfers and assigns to the Trustee, and the Trustee hereby accepts the transfer and assignment of, the right to vote and consent for the Purchaser in connection with all of its
        voting and consent rights and responsibilities as Beneficial Owner of the Subject Shares with respect to the following matters (collectively, the &#8220;<font style="font-weight: bold;">Voting Matters</font>&#8221;):</div>
      <div>&#160;</div>
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      <div style="text-align: justify; text-indent: 63pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; the election of the two members of the Board for which Holders of VRDP Shares are exclusively entitled to vote under Section 18(a)(2)(C) of the Investment Company Act of 1940, as amended
        (the &#8220;<font style="font-weight: bold;">1940 Act</font>&#8221;) and all other rights given to Holders of VRDP Shares with respect to the election of the Board of the Issuer;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; the conversion of the Issuer from a closed-end management company to an open-end management company, or to change the Issuer&#8217;s classification from diversified to non-diversified, each
        pursuant to Section 13(a)(1) of the 1940 Act (any of the foregoing, a &#8220;<font style="font-weight: bold;">Conversion</font>&#8221;), together with any additional voting or consent right under the Statement of Preferences and the Fee Agreement that relates
        solely to any action or amendment to the Statement of Preferences that is so closely related to the Conversion that it would be impossible to give effect to the Conversion without implicating such additional voting or consent right; <font style="font-style: italic;">provided</font> that any such additional voting or consent right shall not include any voting or consent right related to satisfying any additional term, condition or agreement which the Conversion is conditioned upon
        or subject to or, for the avoidance of doubt, any voting or consent right relating to any amendment or waiver of Section 6, 7 or 10 of the Statement of Preferences or any definitions relevant to such Section;</div>
      <div style="text-indent: 0px;">&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; the deviation from a policy in respect of concentration of investments in any particular industry or group of industries as recited in the Issuer&#8217;s registration statement, pursuant to
        Section 13(a)(3) of the 1940 Act (a &#8220;<font style="font-weight: bold;">Deviation</font>&#8221;), together with any additional voting or consent right under the Statement of Preferences and the Fee Agreement that relates solely to any action or amendment
        to the Statement of Preferences that is so closely related to the Deviation that it would be impossible to give effect to the Deviation without implicating such additional voting or consent right; <font style="font-style: italic;">provided</font>
        that any such additional voting or consent right shall not include any voting or consent right related to satisfying any additional term, condition or agreement which the Deviation is conditioned upon or subject to or, for the avoidance of doubt,
        any voting or consent right relating to any amendment or waiver of Section 6, 7 or 10 of the Statement of Preferences or any definitions relevant to such Section;</div>
      <div style="text-indent: 0px;">&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; borrowing money, issuing senior securities, underwriting securities issued by other Persons, purchasing or selling real estate or commodities or making loans to other Persons other than
        in accordance with the recitals of policy with respect thereto in the Issuer&#8217;s registration statement, pursuant to Section 13(a)(2) of the 1940 Act (any of the foregoing, a &#8220;<font style="font-weight: bold;">Policy Change</font>&#8221;), together with any
        additional voting or consent right under the Statement of Preferences and the Fee Agreement that relates solely to any action or amendment to the Statement of Preferences that is so closely related to the Policy Change that it would be impossible
        to give effect to the Policy Change without implicating such additional voting or consent right; <font style="font-style: italic;">provided</font> that any such additional voting or consent right shall not include any voting or consent right
        related to satisfying any additional term, condition or agreement which the Policy Change is conditioned upon or subject to or, for the avoidance of doubt, any voting or consent right relating to any amendment or waiver of Section 6, 7 or 10 of the
        Statement of Preferences or any definitions relevant to such Section<a name="z_DV_M5"></a>; and</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;">(e) &#160; &#160; &#160;&#160; any matters described in 12 C.F.R. Section 225.2(q)(1).</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
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      </div>
      <div style="text-align: justify;">In order to effect the transfer of voting and consent rights with respect to the Voting Matters, PFC hereby irrevocably appoints and constitutes, and will cause each of its Affiliates who are Beneficial Owners of any
        Subject Shares to irrevocably appoint and constitute, the Trustee as its attorney-in-fact and agrees, and agrees to cause each of such Affiliates, to grant the Trustee one or more irrevocable proxies with respect to the Voting Matters and further
        agrees to renew any such proxies that may lapse by their terms while the Subject Shares are still subject to this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">PFC will retain all other voting rights under the Related Documents and PFC, its Affiliates or designee will also be the registered owner of the VRDP Shares.&#160; If any dividend or other distribution in respect of the
        Subject Shares is paid, such dividend or distribution will be paid directly to PFC or its Affiliate or designee owning such Subject Shares; <font style="font-style: italic;">provided</font>, that, any Additional Shares will become part of the
        Subject Shares covered by this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Definitions</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">&#8220;<font style="font-weight: bold;">Affiliate</font>&#8221; means, with respect to a Person, (i) any other Person who, directly or indirectly, is in control of, or controlled by, or is under common control with, such Person
        or (ii) any other Person who is a director, officer, employee or general partner (a) of such Person, (b) of any majority-owned subsidiary or parent company of such Person or (c) of any Person described in clause (i) above. For the purposes of this
        definition, &#8220;control&#8221; of a Person shall mean (x) as defined for purposes of the 1940 Act and regulations thereunder, the power, direct or indirect, (A) to vote more than 25% of the securities having ordinary voting power for the election of
        directors of such Person or (B) to direct or cause the direction of the management and policies of such Person whether by contract or otherwise or (y) as defined for purposes of the Bank Holding Company Act of 1956 and regulations thereunder, (a)
        directly or indirectly owning, controlling, or holding with power to vote 25% or more of any class of voting securities of such Person, (B) controlling in any manner the election of a majority directors or trustees of such Person, or (c) having the
        power to exercise a controlling influence over the management or policies of such Person. For the avoidance of doubt, the term &#8220;Affiliate&#8221; shall include a TOB Trust (or similar investment vehicle) of which BANA and/or one or more of its Affiliates
        collectively owns a majority of the residual interests.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">&#8220;<font style="font-weight: bold;">Beneficial Owner</font>&#8221; means, any Person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares (i) voting power
        which includes the power to vote, or to direct the voting of, securities and/or (ii) investment power which includes the power to dispose, or to direct the disposition of, securities.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">&#8220;<font style="font-weight: bold;">Board</font>&#8221; means the Board of Trustees of the Issuer or any duly authorized committee thereof.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">&#8220;<font style="font-weight: bold;">Excluded Transfer</font>&#8221; means any transfer of VRDP Shares (1) to a TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (2) in connection
        with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase
        financing transaction or (4) relating to a collateral pledge arrangement.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
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      </div>
      <div style="text-align: justify;">&#8220;<font style="font-weight: bold;">Independent</font>&#8221; means, as to any Person, any other Person who (i) does not have and is not committed to acquire any material direct or any material indirect financial interest in
        such Person, (ii) is not connected with such Person as an officer, employee, promoter, underwriter, partner, director or Person performing similar functions and (iii) is not otherwise subject to the undue influence or control of such other Person.&#160;
        For purposes of this definition, no Person will fail to be Independent solely because such Person acts as a voting consultant or trustee in respect of property owned by another Person or its Affiliates pursuant to this Agreement or any other
        agreement.&#160; With respect to item (i) above, &#8220;material direct or material indirect financial interest&#8221; means, (1) as to any Person, owning directly or indirectly (as principal for such Person&#8217;s own account) at least 5% of any class of the
        outstanding equity or debt securities issued by any other Person or (2) with respect to a Person (the &#8220;<font style="font-weight: bold;">Investor</font>&#8221;) owning directly or indirectly (as principal for the Investor&#8217;s own account) outstanding equity
        or debt securities of any other Person in an amount at least equal to 5% of the total consolidated shareholders, equity of the Investor (measured in accordance with U.S. generally accepted accounting principles).</div>
      <div>&#160;</div>
      <div style="text-align: justify;">&#8220;<font style="font-weight: bold;">Person</font>&#8221; means and includes an individual, a partnership, a corporation, a trust, an unincorporated association, a joint venture or other entity or a government or any agency
        or political subdivision thereof.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">&#8220;<font style="font-weight: bold;">Statement of Preferences</font>&#8221; means the Issuer&#8217;s Statement of Preferences of Variable Rate Demand Preferred Shares, dated as of March 31, 2021, as amended from time to time in
        accordance with the provisions thereof.</div>
      <div>&#160;</div>
      <div>&#8220;<font style="font-weight: bold;">TOB Trust</font>&#8221; means a tender option bond trust or similar vehicles that are functionally equivalent to tender option bond trusts and used for providing financing for municipal obligations and municipal
        closed-end fund preferred shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Each capitalized term used herein and not otherwise defined herein shall have the meaning provided therefor (including by incorporation by reference) in the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Right to Transfer</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Purchaser shall have the right to sell or otherwise transfer the Subject Shares at any time in its sole discretion, subject to the transfer restrictions contained in Section 3.01 of the Fee Agreement.&#160; Upon the
        transfer of the Subject Shares by the Purchaser to any third party (other than a transfer to an Affiliate of the Purchaser in which case such Subject Shares shall remain subject to this Agreement) such Subject Shares shall no longer be subject to
        this Agreement; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, in connection with an Excluded Transfer:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; of the type specified in clause (1) of the definition of Excluded Transfer, the Subject Shares shall remain subject to this Agreement until such time as the Issuer, upon the request of
        BANA or the relevant Affiliate, enters into a voting arrangement satisfying Section 12(d)(1)(E)(iii) of the 1940 Act;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; of the type specified in clauses (3) or (4) of the definition of Excluded Transfer, to the extent BANA or any of its Affiliates retains the right to vote or direct voting in connection
        with such transactions, the Subject Shares shall remain subject to this Agreement until such time as there is a default by BANA or such Affiliate under such repurchase transaction or collateral pledge arrangement; and</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
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      <div style="text-align: justify; text-indent: 63pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; of the type specified in clauses (3) or (4) of the definition of Excluded Transfer, to the extent BANA or any of its Affiliates does not retain the right to vote or direct voting of such
        Subject Shares in such transactions, such transactions do not permit the removal of the Subject Shares&#8217; rights transferred to the Voting Trust pursuant to this Agreement within the first 60 days of closing of such transferee becoming the Beneficial
        Owner of such Subject Shares unless there is a default by BANA or such Affiliate under such repurchase transaction or collateral pledge arrangement.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Trustee</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Rights And Powers Of Trustee.&#160; </font>With respect to Subject Shares where the Purchaser is the Beneficial
        Owner, the Trustee shall, in person or by nominees, agents, attorneys-in-fact, or proxies, have the right and the obligation to exercise its discretion with respect to all Voting Matters requiring Holders of VRDP Shares to vote or consent with
        respect to and including voting or consenting to any corporate or shareholder action of any kind whatsoever, subject to the terms of this Agreement.&#160; The Trustee shall be obligated to vote any Voting Matter in accordance with the provisions of this
        Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Liability Of Trustee.&#160; </font>In exercising the rights and powers of the Trustee, the Trustee will exercise
        any rights and powers in the Trustee&#8217;s best judgment; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, the Trustee shall not be liable for any action taken by such Trustee or the Trustee&#8217;s
        agent, except for liability arising from the Trustee&#8217;s bad faith, wilful misconduct or gross negligence.&#160; The Trustee shall not be required to give any bond or other security for the discharge of the Trustee&#8217;s duties.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Resignation of and Successor Trustee.&#160; </font>The Trustee may at any time resign the Trustee&#8217;s position as
        Trustee by delivering a resignation in writing to the Purchaser and the Voting Consultant to become effective 90 days after the date of such delivery, but in any event such notice shall not become effective prior to the acceptance of a successor
        Trustee.&#160; The Trustee shall nominate a successor Trustee acceptable to the Purchaser, who shall have all rights, powers and obligations of the resigning Trustee as set forth in this Agreement, and all rights, powers and obligations of the resigning
        Trustee hereunder shall immediately terminate upon the acceptance by the successor Trustee of such nomination and the execution of this Agreement by the successor Trustee as &#8220;Trustee&#8221; hereunder.&#160; No such resignation shall become effective until
        such time as a successor Trustee has been appointed and such appointment has been accepted.&#160; The fact that any Trustee has resigned such Trustee&#8217;s position as a Trustee shall not act, or be construed to act, as a release of any Subject Shares from
        the terms and provisions of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Removal.&#160; </font>The Trustee may be removed by the Purchaser upon 30 days prior written notice upon either
        (i) a material breach by the Trustee of its obligations hereunder or (ii) any action or inaction of the Trustee which constitutes bad faith, negligence or wilful misconduct in the performance of its obligations hereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Independent.</font>&#160; The Trustee represents that it is Independent of PFC.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
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      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Voting Consultant</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Liability Of Voting Consultant.&#160; </font>In providing its voting recommendations on Voting Matters hereunder,
        the Voting Consultant will provide such recommendations in the Voting Consultant&#8217;s best judgment with respect to the Voting Matters for the VRDP Shares; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>,
        the Voting Consultant shall not be liable for any action taken by such Voting Consultant or the Voting Consultant&#8217;s agent, except for liability arising from the Voting Consultant&#8217;s bad faith, wilful misconduct or gross negligence.&#160; For the
        avoidance of doubt, the Voting Consultant&#8217;s maximum liability shall be limited to an amount not to exceed the total amounts of the fees the Voting Consultant receives from the Purchaser under the Master Agreement (as defined in Section 5(d)) in any
        one year period for any and all claims made within that one year period; <font style="font-style: italic;">provided </font>that if a breach of Section 5(e) is determined to have occurred, the sole remedy shall be the immediate removal of the
        Voting Consultant by the Purchaser in the Purchaser&#8217;s sole discretion and no monetary damages shall be due or payable.&#160; In addition, the Voting Consultant shall not be liable for any action taken by the Trustee contrary to the recommendations
        provided by the Voting Consultant.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Resignation of and Successor Voting Consultant.&#160; </font>The Voting Consultant may at any time resign the
        Voting Consultant&#8217;s position as Voting Consultant by delivering a resignation in writing to the Purchaser and to the Trustee to become effective 90 days after the date of such delivery.&#160; Upon receipt of the Voting Consultant&#8217;s written resignation,
        the Purchaser shall use commercially reasonable efforts to appoint a successor Voting Consultant which has been consented to by the Trustee, such consent not to be unreasonably withheld.&#160; If the Voting Consultant shall resign but a successor Voting
        Consultant has not assumed all of the Voting Consultant&#8217;s duties and obligations within 90 days of such resignation, the Voting Consultant may petition any court of competent jurisdiction for the appointment of a successor Voting Consultant.&#160; No
        such resignation shall become effective until such time as a successor Voting Consultant has been appointed and such appointment has been accepted.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Removal.&#160; </font>The Voting Consultant may be removed by the Purchaser upon 30 days prior written notice upon
        either (i) a material breach by the Voting Consultant of its obligations hereunder or (ii) any action or inaction of the Voting Consultant which constitutes bad faith, gross negligence or wilful misconduct in the performance of its obligations
        hereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Contract.&#160; </font>A separate contract, that certain Master Services Agreement No. (24828001-001) by and
        between the Voting Consultant and the Purchaser, as may be amended from time to time with the prior written consent of the parties thereto (the &#8220;<font style="font-weight: bold;">Master Agreement</font>&#8221;), sets forth additional details, including
        fees, pursuant to which the Voting Consultant is providing the services contemplated hereunder.</div>
      <div style="text-indent: 63pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Independent.</font>&#160; The Voting Consultant represents that it is Independent of PFC; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, if the Voting Consultant becomes aware that the Voting Consultant is no longer Independent of the Purchaser, the Voting Consultant shall promptly, and in no event later
        than two Business Days after becoming aware, notify the Purchaser and shall abstain from making voting recommendations during any period of time during which the Voting Consultant is not Independent of the Purchaser.&#160; If the Voting Consultant
        notifies the Purchaser that it is no longer Independent of the Purchaser, the Purchaser shall use commercially reasonable efforts to identify and appoint a replacement voting consultant.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Amount of Subject Shares Notification</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">On any and each date that the Purchaser sells or otherwise transfers any Subject Shares to another Beneficial Owner, the Purchaser shall promptly notify the Trustee of such occurrence and the number of VRDP Shares
        that the Purchaser then owns.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Voting Communications</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Purchaser shall notify the Trustee and the Voting Consultant as soon as possible, and in any event, not later than five Business Days after receipt of notice that a vote of the holders of VRDP Shares has been
        requested or permitted on any Voting Matter and the Purchaser shall, within such same time frame, forward any information sent to the Purchaser in connection with such vote to the Trustee and the Voting Consultant by Electronic Means.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Voting Consultant shall analyze and provide a voting or consent recommendation to the Trustee with respect to each Voting Matter in respect of the Subject Shares.&#160; The Trustee is obligated to act in accordance
        with the voting or consent recommendation made by the Voting Consultant in its voting or consent direction to the Purchaser.&#160; In all Voting Matters, the Trustee shall use the proxies granted to it by the Purchaser to vote or consent the Subject
        Shares in accordance with the voting or consent recommendation made by the Voting Consultant and the Purchaser shall not exercise any voting or consent rights in such matters.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">If the Voting Consultant fails to provide a voting or consent recommendation to the Trustee on or prior to the deadline for submission of such vote or consent, the Trustee shall not provide a vote or consent on
        behalf of the Purchaser on such deadline and shall provide notice of the failure to receive a voting or consent recommendation to the Purchaser and the Voting Consultant.&#160; For the avoidance of doubt, the Purchaser shall not retain the right to vote
        or consent on any Voting Matters for which the Trustee does not provide a vote or consent on behalf of the Purchaser.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Indemnification</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Of the Trustee and the Voting Consultant.</font>&#160; The Purchaser shall indemnify and hold the Trustee and the
        Voting Consultant and such Trustee&#8217;s and such Voting Consultant&#8217;s agents harmless from and against any and all liabilities, obligations, losses, damages, penalties, taxes, claims, actions, suits, reasonable costs, reasonable expenses or
        disbursements (including reasonable legal fees and expenses) of any kind and nature whatsoever in connection with or growing out of (i) with respect to the Trustee, the administration of the voting trust created by this Agreement or (ii) with
        respect to the Trustee and the Voting Consultant, the exercise of any powers or the performance of any duties by the Trustee or the Voting Consultant as herein provided or contemplated, including, without limitation, any action taken or omitted to
        be taken, except, with respect to the Trustee and the Voting Consultant separately, such as may arise from the bad faith, willful misconduct or gross negligence of the Trustee or the Voting Consultant, respectively.&#160; In no event shall the Purchaser
        be liable for <a name="OLE_LINK1"></a>special, incidental, indirect or consequential damages.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160; (b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Of the Purchaser and the Voting Consultant.</font>&#160; The Trustee shall indemnify and hold the Purchaser and
        the Voting Consultant and the Purchaser&#8217;s and the Voting Consultant&#8217;s agents harmless from and against any and all liabilities, obligations, losses, damages, penalties, taxes, claims, actions, suits, reasonable costs, reasonable expenses or
        disbursements (including reasonable legal fees and expenses) of any kind and nature whatsoever which may be imposed, incurred or asserted against the Purchaser or the Voting Consultant in connection with the wilful misconduct or negligence of the
        Trustee in connection with the exercise of any powers or the performance of any duties by the Trustee as herein provided or contemplated, including, without limitation, any action taken or omitted to be taken, except, with respect to the Purchaser
        and the Voting Consultant separately, such as may arise from the wilful misconduct or gross negligence of the Purchaser or the Voting Consultant, respectively.&#160; In no event shall the Trustee be liable for special, incidental, indirect or
        consequential damages.</div>
      <div style="text-indent: 63pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Of the Purchaser and the Trustee.</font>&#160; The Voting Consultant shall indemnify and hold the Purchaser and the
        Trustee and the Purchaser&#8217;s and the Trustee&#8217;s agents harmless from and against any and all liabilities, obligations, losses, damages, penalties, taxes, claims, actions, suits, reasonable costs, reasonable expenses or disbursements (including
        reasonable legal fees and expenses) of any kind and nature whatsoever which may be imposed, incurred or asserted against the Purchaser or the Trustee in connection with the wilful misconduct or gross negligence of the Voting Consultant in
        connection with the exercise of any powers or the performance of any duties by the Voting Consultant as herein provided or contemplated, including, without limitation, any action taken or omitted to be taken, except, with respect to the Purchaser
        and the Trustee separately, such as may arise from the wilful misconduct or gross negligence of the Purchaser or the Trustee, respectively; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that
        the Voting Consultant&#8217;s maximum liability under this Section 8(c) shall be limited to an amount not to exceed the total amount of the fees the Voting Consultant receives from the Purchaser under the Master Agreement in any one year period for any
        and all claims made within that one year period.&#160; In no event shall the Voting Consultant be liable for special, incidental, indirect or consequential damages.</div>
      <div style="text-indent: 63pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Conditions to Indemnification.</font>&#160; An indemnified party must give the other party(ies) prompt written
        notice of any claim and allow the indemnifying party to defend or settle the claim as a condition to indemnification.&#160; No settlement shall bind any party without such party&#8217;s written consent.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Termination of Agreement</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;This Agreement and the voting trust created hereby shall terminate with respect to all of the Subject Shares (i) at the option of PFC, upon the
        non-payment of dividends on the VRDP Shares for two years, (ii) at the option of PFC, upon PFC and its Affiliates in the aggregate owning less than 20% of the Outstanding VRDP Shares or (iii) as provided with respect to certain transfers of Subject
        Shares in Section 3 above.</div>
      <div style="text-indent: 63pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 63pt;"><font style="font-weight: bold;">&#160;(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Upon the termination of this Agreement with respect to the Subject Shares, the voting trust created pursuant to Section 1 hereof shall cease to
        have any effect with respect to the Subject Shares, and the parties hereto shall have no further rights or obligations under this Agreement with respect to the Subject Shares.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">10.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Trustee&#8217;s Compensation</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Trustee shall be entitled to the compensation set forth in the letter agreement between the Purchaser and the Trustee dated as of March 31, 2021, as may be amended from time to time.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">11.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Voting Consultant&#8217;s Compensation</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Voting Consultant shall be entitled to the compensation pursuant to the Master Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">12.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Tax Treatment</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">It is the intention of the parties hereto that for all federal, state and local income and other tax purposes the Purchaser or the applicable Beneficial Owner, as the case may be, shall be treated as the owner of the
        Subject Shares and, except as otherwise required by law, no party shall take a contrary position in any tax return or report or otherwise act in a contrary manner.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">13.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Notices</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">All notices, requests and other communications to the Purchaser, the Trustee or the Voting Consultant shall be in writing (including telecopy, electronic mail or similar writing), except in the case of notices and
        other communications permitted to be given by telephone, and shall be given to such party at its address or telecopy number or email address set forth below or to such other Person and/or such other address or telecopy number or email address as
        such party may hereafter specify for the purpose by notice to the other party.&#160; Each such notice, request or other communication shall be effective (i) if given by mail, five days after such communication is deposited in the mail, return receipt
        requested, addressed as aforesaid, or (ii) if given by any other means, when delivered at the address specified in this Section.&#160; The notice address for each party is specified below:</div>
      <div>&#160;</div>
      <div style="text-align: justify;">if to the Purchaser:</div>
      <div>&#160;</div>
      <div>Banc of America Preferred Funding Corporation</div>
      <div>One Bryant Park</div>
      <div>1111 Avenue of the Americas, 9<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
      <div>New York, New York 10036</div>
      <div>Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Thomas Visone</div>
      <div style="margin-left: 63pt;">Mary Ann Olson</div>
      <div style="margin-left: 63pt;">Todd Blasiak</div>
      <div style="margin-left: 63pt;">Michael Jentis</div>
      <div style="margin-left: 63pt;">Lisa Irizarry</div>
      <div>Telephone:&#160;&#160;&#160;&#160; &#160; (212) 449-7358 (Visone, Blasiak, Irizarry)</div>
      <div style="margin-left: 63pt;">(212) 449-8300 (Jentis)</div>
      <div>Email:&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; thomas.visone@baml.com</div>
      <div style="margin-left: 63pt;">mary.ann.olson@bofa.com</div>
      <div style="margin-left: 63pt;">todd.blasiak@baml.com</div>
      <div style="margin-left: 63pt;">lisa.m.irizarry@baml.com</div>
      <div style="color: rgb(0, 0, 0); margin-left: 63pt;">michael.jentis@baml.com</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div>if to the Trustee:</div>
      <div>&#160;</div>
      <div>Lord Securities Corporation</div>
      <div>48 Wall Street&#160; </div>
      <div>New York, New York 10005</div>
      <div>Attention:&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; Edward O&#8217;Connell</div>
      <div>Telephone:&#160;&#160;&#160;&#160;&#160;&#160; &#160; (212) 346-9018</div>
      <div>Email:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; &#160; edward.oconnell@tmf-group.com</div>
      <div>&#160;</div>
      <div>if to the Voting Consultant:<br>
        <br>
      </div>
      <div>Institutional Shareholder Services Inc.</div>
      <div>1177 Avenue of the Americas, 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> floor</div>
      <div>New York, New York 10036</div>
      <div>Attention:&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; Lorraine Kelly, Executive Director</div>
      <div>Telephone:&#160; &#160; &#160;&#160;&#160;&#160; 646-680-6355</div>
      <div>Email:&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160;&#160; &#160;&#160; lorraine.kelly@issgovernance.com</div>
      <div>&#160;</div>
      <div>with a copy to:</div>
      <div>&#160;</div>
      <div>Institutional Shareholder Services Inc.</div>
      <div>702 King Farm Blvd., Suite 400</div>
      <div>Rockville MD 20850</div>
      <div>Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; General Counsel</div>
      <div>Telephone:&#160; &#160; &#160;&#160;&#160;&#160; 301-556-0420</div>
      <div>Email:&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160; &#160; steven.friedman@issgovernance.com</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">14.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Modification</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">No modification of this Agreement shall be effective unless in writing and signed by all of the parties hereto.&#160; Without the prior written consent of the Issuer (in its sole discretion), the Purchaser will not agree
        or consent to any amendment, supplement, modification or repeal of this Agreement, nor waive any provision hereof; <font style="font-style: italic;">provided</font>, that in the case of any proposed amendment, supplement, modification or repeal of
        this Agreement which is a result of a change in law or regulation, the consent of the Issuer shall not be unreasonably withheld or delayed.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">15.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Benefit and Burden</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">This Agreement shall inure to the benefit of, and shall be binding upon, the parties hereto and their legatees, distributees, estates, executors or administrators, personal and legal representatives, successors and
        assigns.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">16.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Severability</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">The invalidity of any particular provision of this Agreement shall not affect the validity of the remainder hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision
        were omitted.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
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      </div>
      <div style="text-align: justify;"><a name="z_Toc248320056"></a><font style="font-weight: bold;">17.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Headings</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">The section headings herein are for convenience of reference only, and shall not affect the construction, or limit or otherwise affect the meaning hereof.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">18.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Applicable Law</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">This Agreement shall be construed and enforced in accordance with and governed by the law of the State of New York.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">THE PARTIES HERETO HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF FEDERAL AND NEW YORK STATE COURTS OF COMPETENT JURISDICTION LOCATED IN NEW YORK COUNTY, NEW YORK IN CONNECTION WITH ANY DISPUTE RELATED TO THIS
        AGREEMENT OR ANY MATTERS CONTEMPLATED HEREBY.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">19.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Waiver</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">THE PURCHASER, THE TRUSTEE AND THE VOTING CONSULTANT HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY OF THE PARTIES HERETO AGAINST THE OTHER(S) ON ANY MATTERS WHATSOEVER ARISING
        OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">20.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Assignment</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">None of the parties hereto may assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the other parties; <font style="font-style: italic;">provided</font>
        that, without the consent of either the Trustee or the Voting Consultant, the Purchaser may assign its rights and obligations under this Agreement (i) to an Affiliate, (ii) to a successor entity following a consolidation, amalgamation with, or
        merger with or into or (iii) to a transferee that acquires all or substantially all of the Purchaser&#8217;s assets.&#160; Any assignment other than in accordance with this section shall be void.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">21.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Conflicts with Other Documents</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">In the event that this Agreement requires any action to be taken with respect to any matter and the Master Agreement requires that a different action be taken with respect to such matter, and such actions are
        mutually exclusive, the provisions of this Agreement in respect thereof shall control.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="font-weight: bold;">22.</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight: bold;">Counterparts</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">This Agreement may be executed by the parties hereto in any number of separate counterparts, each of which shall be deemed to be an original, and all of which taken together shall be deemed to constitute one and the
        same instrument.&#160; Any counterpart or other signature delivered by facsimile or by electronic mail shall be deemed for all purposes as being a good and valid execution and delivery of this Agreement by that party.</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
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      <div><font style="font-weight: bold;">IN WITNESS WHEREOF</font>, the parties hereto have executed this Agreement as of the date first set forth above. </div>
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        <div style="text-indent: 0px;">BANC OF AMERICA PREFERRED FUNDING CORPORATION, as Purchaser</div>
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              <div style="text-align: justify; text-indent: 0px; margin-left: 9pt;">/s/ Thomas Visone</div>
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            <td style="width: 69%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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              <div style="text-align: justify; text-indent: 0px;">Thomas Visone</div>
            </td>
            <td style="width: 50%; vertical-align: top;" colspan="1">&#160;</td>
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            <td style="width: 50%; vertical-align: top;" colspan="1">&#160;</td>
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        <div style="text-align: justify; text-indent: 0px;">LORD SECURITIES CORPORATION, as Trustee</div>
        <div style="text-align: justify; text-indent: 0px;"> <br>
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              <div style="text-align: justify; text-indent: 0px;">By:</div>
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            <td style="width: 28%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="text-align: justify; text-indent: 0px; margin-left: 9pt;">/s/ Edward O&#8217;Connell</div>
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              <div style="text-align: justify; text-indent: 0px;">Edward O&#8217;Connell</div>
            </td>
            <td style="width: 50%; vertical-align: top;" colspan="1">&#160;</td>
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            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0px;">Title:</div>
            </td>
            <td style="width: 47%; vertical-align: top;">
              <div style="word-spacing: 0px; text-align: justify; text-indent: 0px;">Senior Vice President</div>
            </td>
            <td style="width: 50%; vertical-align: top;" colspan="1">&#160;</td>
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      <div style="text-align: justify; text-indent: 0px;">INSTITUTIONAL SHAREHOLDER SERVICES INC., as Voting Consultant</div>
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            <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
              <div style="text-align: justify; text-indent: 0px;">By:</div>
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            <td style="width: 28%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="text-align: justify; text-indent: 0px; margin-left: 9pt;">/s/ Allen Heery</div>
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            <td style="width: 69%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
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            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0px;">Name:</div>
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            <td style="width: 47%; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0px;">Allen Heery</div>
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            <td style="width: 50%; vertical-align: top;" colspan="1">&#160;</td>
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            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0px;">Title:</div>
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            <td style="width: 47%; vertical-align: top;">
              <div style="text-align: justify; text-indent: 0px;">CFO</div>
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            <td style="width: 50%; vertical-align: top;" colspan="1">&#160;</td>
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        <div style="text-align: center; text-indent: 0px;">
          <div style="font-style: italic;">[Signature Page to BNY Voting Trust Agreement]</div>
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            <div><br>
            </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>brhc10022981_ex99-4.htm
<DESCRIPTION>EXHIBIT 99.4
<TEXT>
<html>
  <head>
    <title></title>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.4<br>
      <br>
    </font></div>
  <div>
    <div>
      <div style="text-align: center; font-weight: bold;">VRDP SHARES PURCHASE AGREEMENT</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">dated as of</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">March 31, 2021</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">between</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">The Bank of New York Mellon,</div>
      <div style="text-align: center; font-weight: bold;">as Tender and Paying Agent</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">and</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">BANK OF AMERICA, N.A.,</div>
      <div style="text-align: center; font-weight: bold;">as Liquidity Provider</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
      <div style="text-align: center; font-weight: bold;">Series W-7</div>
      <div style="text-align: center; font-weight: bold;">Variable Rate Demand Preferred Shares</div>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
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    <div style="text-align: center; font-weight: bold;">TABLE OF CONTENTS</div>
    <div>&#160;</div>
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        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 72%; vertical-align: top;">&#160;</td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right; font-weight: bold;">Page</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 15%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 72%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 5%;" colspan="3">
            <div>ARTICLE I DEFINITIONS</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">2</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 5%;" colspan="1" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 1.01.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Definitions.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">2</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 1.02.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Incorporation of Certain Definitions by Reference.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">11</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top; width: 5%;" colspan="3">
            <div>ARTICLE II PURCHASE OBLIGATION</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">12</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 5%;" colspan="1" rowspan="1">&#160;</td>
          <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 2.01.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Commitment to Purchase VRDP Shares.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">12</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 2.02.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Method of Purchasing.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">12</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 2.03.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Extension of Scheduled Termination Date.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">19</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 2.04.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Reduction of Available Commitment.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">19</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 2.05.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Claw-Back Provision.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">20</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 2.06.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Current Special Rate Period.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">20</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 15%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 72%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 5%;" colspan="3">
            <div>ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE TENDER AND PAYING AGENT</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">21</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 5%;" colspan="1" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 3.01.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Existence; Binding Effect.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">21</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 15%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 72%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 5%;" colspan="3">
            <div>ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE LIQUIDITY PROVIDER</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">21</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 5%;" colspan="1" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 4.01.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Existence.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">21</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 4.02.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Authorization; Contravention.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">21</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 4.03.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Binding Effect.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">22</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 4.04.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Financial Information.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">22</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 4.05.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Litigation.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">22</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 4.06.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Consents.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">22</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 4.07.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Ranking.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">22</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 15%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 72%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 5%;" colspan="3">
            <div>ARTICLE V DUTIES OF THE TENDER AND PAYING AGENT</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">23</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 5%;" colspan="1" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 5.01.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Duties and Responsibilities.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">23</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 5.02.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Rights of the Tender and Paying Agent.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">23</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 5.03.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Tender and Paying Agent&#8217;s Disclaimer.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">25</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 5.04.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Concerning the Securities Depository.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">25</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: top; width: 5%;" colspan="3">
            <div>ARTICLE VI COVENANTS OF THE LIQUIDITY PROVIDER</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">26</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 5%;" colspan="1" rowspan="1">&#160;</td>
          <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 6.01.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Fund Insolvency Event.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">26</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 6.02.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Waiver.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">26</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 6.03.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Notice of Extraordinary Corporate Event.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">27</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 6.04.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Additional Information.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">27</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">i</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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    <table cellspacing="0" cellpadding="0" border="0" id="z122526e6c11a4ab9b4ddf65e0be481c5" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
            <div style="margin-right: 36pt;">ARTICLE VII MISCELLANEOUS</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">27</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top; width: 5%;" colspan="1" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; text-align: right;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 7.01.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Resignation or Removal of the Tender and Paying Agent.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">27</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 7.02.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Notices.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">27</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 7.03.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>No Waivers.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">29</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 7.04.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Amendments and Waivers.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">29</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 7.05.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Successors and Assigns.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">30</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 7.06.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Term of this Agreement.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">30</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 7.07.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>New York Law.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">30</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 7.08.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Waiver of Jury Trial.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">31</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 7.09.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Counterparts.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">31</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 7.10.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Beneficiaries.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">31</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 7.11.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Entire Agreement.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">31</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 7.12.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Regulatory Matters.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">32</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 7.13.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Severability.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">32</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 7.14.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Articles and Section Headings.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">32</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 7.15.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Nonpetition Covenant&#8212;Liquidity Provider.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">32</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 7.16.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Nonpetition Covenant&#8212;Tender and Paying Agent.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">32</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SECTION 7.17.</div>
          </td>
          <td style="width: 72%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Patriot Act Compliance.</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">33</div>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div>SECTION 7.18.</div>
          </td>
          <td style="width: 72%; vertical-align: top;">
            <div>Information Sharing.</div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="text-align: right;">33</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>SCHEDULE I</div>
          </td>
          <td style="width: 74%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>DESCRIPTION OF MUNICIPAL BONDS</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">I-1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 74%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; text-align: right;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 18%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>EXHIBIT A</div>
          </td>
          <td style="width: 74%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>NOTICE OF PURCHASE</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">A-1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 74%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; text-align: right;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 18%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>EXHIBIT B</div>
          </td>
          <td style="width: 74%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>MANDATORY PURCHASE NOTICE</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">B-1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 74%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; text-align: right;" rowspan="1">&#160;</td>
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        <tr>
          <td style="width: 18%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>EXHIBIT C</div>
          </td>
          <td style="width: 74%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>NOTICE OF TENDER</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">C-1</div>
          </td>
        </tr>
        <tr>
          <td style="width: 18%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 74%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 8%; vertical-align: top; text-align: right;" rowspan="1">&#160;</td>
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        <tr>
          <td style="width: 18%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>EXHIBIT D</div>
          </td>
          <td style="width: 74%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>NOTICE OF REVOCATION</div>
          </td>
          <td style="width: 8%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">D-1</div>
          </td>
        </tr>

    </table>
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      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">ii</font></div>
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    <div style="text-align: center; font-weight: bold;">VRDP SHARES PURCHASE AGREEMENT</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">VRDP SHARES PURCHASE AGREEMENT</font><font style="font-size: 10pt;">, dated as of March 31, 2021, between THE BANK OF NEW YORK
        MELLON, a New York banking corporation, including its successors and assigns, as tender and paying agent (the &#8220;<font style="font-weight: bold; font-style: italic;">Tender and Paying Agent</font>&#8221;) and BANK OF AMERICA, N.A., a national banking
        association, including its successors and assigns, as liquidity provider (the &#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Provider</font>&#8221;).</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, BlackRock New York Municipal Income Trust, a closed-end investment company organized
        as a Delaware statutory trust (the &#8220;<font style="font-weight: bold; font-style: italic;">Fund</font>&#8221;), has authorized the issuance to the Holders (as defined below) of 945 Series W-7 Variable Rate Demand Preferred Shares, par value $0.001 per
        share, with a liquidation preference of $100,000 per share (the &#8220;<font style="font-weight: bold; font-style: italic;">Series W-7 VRDP Shares</font>&#8221;), in connection with the refinancing of its Variable Rate Muni Term Preferred Shares (such Series
        W-7 VRDP Shares, the &#8220;<font style="font-weight: bold; font-style: italic;">Refinancing Shares</font>&#8221;)<font style="font-weight: bold; font-style: italic;">&#160;</font>and intends to issue an additional 849 Series W-7 VRDP Shares in connection with the
        reorganization of each of each of <font style="color: rgb(0, 0, 0);">BlackRock New York Municipal Income Trust II and BlackRock New York Municipal Income Quality Trust</font> into the Fund (the &#8220;<font style="font-weight: bold; font-style: italic;">Reorganization

          Shares</font>&#8221;);</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Fund wishes to provide liquidity for the Refinancing Shares and, following their
        issuance, the Reorganization Shares (the Refinancing Shares initially, and, following the issuance of the Reorganization Shares, the Refinancing Shares and the Reorganization Shares, collectively, the &#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares</font>&#8221;), by providing for the right of Holders (as defined below) and Beneficial Owners (as defined below) to tender VRDP Shares pursuant to the Statement of Preferences (as defined below) and for the obligation of the
        Liquidity Provider to purchase VRDP Shares pursuant to the Purchase Obligation (as defined below);</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, pursuant to the terms of the Tender and Paying Agent Agreement (as defined below),
        the Fund has retained the Tender and Paying Agent to perform certain duties with respect to the VRDP Shares, including entering into and performing its duties under this Agreement (as defined below);</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">,<font style="font-weight: bold;">&#160;</font>the original issuance and sale of the VRDP
        Shares by the Fund is conditioned upon, and subject to, the Purchase Obligation being in effect with respect to the VRDP Shares;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Statement of Preferences provides that the Fund for the benefit of the Holders or
        Beneficial Owners of VRDP Shares, as the case may be, shall (i) maintain an agreement providing a Purchase Obligation on an ongoing basis to the extent that the Fund can do so on a commercially reasonable basis, and (ii) cause Holders and
        Beneficial Owners to receive advance notice of any termination of the Purchase Obligation; and</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS, </font><font style="font-size: 10pt;">the Fund has designated a Special Rate Period for the VRDP Shares pursuant to, and
        in accordance with, the Statement of Preferences (the &#8220;<font style="font-weight: bold; font-style: italic;">Current Special Rate Period</font>&#8221;). The Current Special Rate Period will terminate on April 15, 2022 or such later date to which it may be
        extended in accordance with the terms set forth thereunder pursuant to the Notice of Special Rate Period attached to the Statement of Preferences as Appendix A (the &#8220;<font style="font-weight: bold; font-style: italic;">Current Notice of Special
          Rate Period</font>&#8221;).</font></div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">1</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">NOW, THEREFORE</font><font style="font-size: 10pt;">, in consideration of the respective agreements contained herein, the parties
        hereto agree as follows:</font></div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE I</div>
    <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805761"></a>DEFINITIONS</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z1c1c138635134f87a63316ad4fab5ee8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;">&#160;</td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805762"></a><font style="font-weight: bold;">SECTION 1.01.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Definitions.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The following terms, as used herein, have the following meanings:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">1940 Act</font>&#8221; means the Investment Company Act of 1940, as amended.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agent Member</font>&#8221; means a Person with an account at the Securities Depository that holds one or more VRDP Shares through the Securities
      Depository, directly or indirectly, for a Beneficial Owner and that will be authorized and instructed, directly or indirectly, by a Beneficial Owner to disclose information to the Remarketing Agent and the Tender and Paying Agent with respect to such
      Beneficial Owner.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agreement</font>&#8221; means this VRDP Shares Purchase Agreement, as the same may be amended, restated, supplemented or otherwise modified from time
      to time in accordance with the terms hereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agreement and Declaration of Trust</font>&#8221; means the Amended and Restated Agreement and Declaration of Trust, as amended and supplemented, of the
      Fund.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Alternate VRDP Shares Purchase Agreement</font>&#8221; means any agreement with a successor liquidity provider replacing this Agreement (or any
      replacement herefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation herein, as determined by the Fund.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Available Commitment</font>&#8221; as of any day means, with respect to the VRDP Shares, the sum of the aggregate Liquidation Preference of the VRDP
      Shares then Outstanding plus all accumulated but unpaid dividends, whether or not earned or declared on such VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Beneficial Owner</font>&#8221; means a Person in whose name VRDP Shares are recorded as beneficial owner of such VRDP Shares by the Securities
      Depository, an Agent Member or other securities intermediary on the records of such Securities Depository, Agent Member or securities intermediary, as the case may be, or such Person&#8217;s subrogee, including the Liquidity Provider to the extent it is at
      any time such a beneficial owner of VRDP Shares (irrespective of any assignment or transfer by the Liquidity Provider of its voting rights).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Board</font>&#8221; means the Board of Trustees of the Fund or any duly authorized committee thereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Business Day</font>&#8221; means a day other than a day (a) on which commercial banks in The City of New York, New York are required or authorized by
      law or executive order to close or (b) on which the New York Stock Exchange is closed.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Code</font>&#8221; means the Internal Revenue Code of 1986, as amended.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Conditional Acceptance</font>&#8221; means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Current Notice of Special Rate Period</font>&#8221; has the meaning set forth on page 4 of this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Current Special Rate Period</font>&#8221; has the meaning set forth on page 4 of this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Deposit Securities</font>&#8221; means, as of any date, any United States dollar-denominated security or other investment of a type described below
      that either (i) is a demand obligation payable to the holder thereof on any Business Day or (ii) has a maturity date, mandatory redemption date or mandatory payment date, on its face or at the option of the holder, preceding the relevant payment date
      in respect of which such security or other investment has been deposited or set aside as a Deposit Security:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;cash or any cash equivalent;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any U.S. Government Security;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any Municipal Obligation that has a credit rating from at least one (1) NRSRO that is the highest applicable rating generally ascribed by such NRSRO to Municipal Obligations with
      substantially similar terms as of the date of the Statement of Preferences (or such rating&#8217;s future equivalent), including (A) any such Municipal Obligation that has been pre-refunded by the issuer thereof with the proceeds of such refunding having
      been irrevocably deposited in trust or escrow for the repayment thereof and (B) any such fixed or variable rate Municipal Obligation that qualifies as an eligible security under Rule 2a-7 under the 1940 Act;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160; any investment in any money market fund registered under the 1940 Act that qualifies under Rule 2a-7 under the 1940 Act, or similar investment vehicle described in Rule 12d1-1(b)(2) under
      the 1940 Act, that invests principally in Municipal Obligations or U.S. Government Securities or any combination thereof; or</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(5)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; any letter of credit from a bank or other financial institution that has a credit rating from at least one (1) NRSRO that is the highest applicable rating generally ascribed by such NRSRO
      to bank deposits or short-term debt of similar banks or other financial institutions as of the date of the Statement of Preferences (or such rating&#8217;s future equivalent).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Dividend Payment Date</font>&#8221; except as otherwise provided in the Statement of Preferences, means the date that is the first (1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup>)
      Business Day of each calendar month.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Effective Date</font>&#8221; means March 31, 2021, which shall be the effective date of this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Effective Leverage Ratio</font>&#8221; has the meaning set forth in the Fee Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Effective Leverage Ratio Cure Period</font>&#8221; has the meaning set forth in the Fee Agreement.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Electronic Means</font>&#8221; means email transmission, facsimile transmission or other similar electronic means of communication providing evidence
      of transmission (but excluding online communications systems covered by a separate agreement) acceptable to the sending party and the receiving party, in any case if operative as between any two (2) parties, or, if not operative, by telephone
      (promptly confirmed by any other method set forth in this definition), which, in the case of notices to the Tender and Paying Agent, shall be sent by such means as set forth in the Tender and Paying Agent Agreement or as specified in the related
      notice.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Exchange Act</font>&#8221; means the U.S. Securities Exchange Act of 1934, as amended.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Extraordinary Corporate Event</font>&#8221; means as to the Liquidity Provider, (i) the consolidation, amalgamation with, or merger with or into or the
      transfer of all or substantially all of the Liquidity Provider&#8217;s assets to another entity, or (ii) the dissolution, for any reason, of the Liquidity Provider other than in connection with the consolidation, amalgamation with, or merger with or into
      another entity or the transfer of all or substantially all of the Liquidity Provider&#8217;s assets; <u>provided</u>, <u>however</u>, that with respect to (i) above, an Extraordinary Corporate Event does not include any of the listed occurrences where
      (x) the surviving entity, or transferee of all or substantially all of the Liquidity Provider&#8217;s assets, (a) assumes all of the obligations of the Liquidity Provider under the terms of this Agreement and (b) has short-term debt ratings in one of the
      two highest rating categories from the Requisite NRSROs and (y) the Liquidity Provider has provided notice in writing to the Fund confirming the information described in (x) at least ten (10) days prior to the scheduled date of the applicable listed
      occurrence in (i) above.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Failed Remarketing Condition</font>&#8221; means a Failed Remarketing Condition&#8212;Purchased VRDP Shares or a Failed Remarketing Condition&#8212;Unpurchased
      VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Failed Remarketing Condition&#8212;Purchased VRDP Shares</font>&#8221; means that the Liquidity Provider acquires and continues to be the beneficial owner
      for federal income tax purposes of any VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date including VRDP Shares that the
      Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Failed Remarketing Condition&#8212;Purchased VRDP Shares Redemption</font>&#8221; means redemption by the Fund, at a redemption price equal to $100,000 per
      share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation
      and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six (6) months during which such VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot
      be successfully remarketed (i.e., a Failed Remarketing Condition&#8212;Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in
      accordance with and subject to the provisions of the Fee Agreement and the Statement of Preferences.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Failed Remarketing Condition&#8212;Unpurchased VRDP Shares</font>&#8221; means that a Beneficial Owner (other than the Liquidity Provider or its affiliates)
      continues to hold VRDP Shares, that were subject to a Tender in accordance with this Agreement, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase
      Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) (&#8220;<font style="font-weight: bold;">Unpurchased VRDP Shares</font>&#8221;), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully remarketed
      pursuant to a Remarketing, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully remarketed pursuant to a Remarketing or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the
      subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to
      such Unpurchased VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fee Agreement</font>&#8221; means the VRDP Shares Fee Agreement, dated as of March 31, 2021, between the Fund and the Liquidity Provider, as amended,
      modified or supplemented from time to time, or any similar agreement with a successor liquidity provider.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Final Notice of Purchase</font>&#8221; means, in connection with an Optional Tender or a Mandatory Tender, a Notice of Purchase delivered by the Tender
      and Paying Agent to the Liquidity Provider (or directly to the Liquidity Provider by Beneficial Owners or their Agent Members, in the case of an Optional Tender, or Holders, in the case of a Mandatory Tender, if there is no Tender and Paying Agent or
      for any reason the Tender and Paying Agent does not perform its obligations) on the Purchase Date indicating the number of VRDP Shares to be purchased on such date pursuant to the Purchase Obligation, or, in connection with a Mandatory Purchase, the
      Mandatory Purchase Notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fitch</font>&#8221; means Fitch Ratings.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fund</font>&#8221; has the meaning set forth in the recitals to this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fund Insolvency Event</font>&#8221; means that the Fund becomes a debtor under Title 11 of the United States Bankruptcy Code or becomes subject to
      insolvency or liquidation proceedings under any United States federal or state, or any other law.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Global VRDP Shares</font>&#8221; means the VRDP Shares issued in book-entry form, deposited with the Tender and Paying Agent on behalf of the
      Securities Depository and registered in the name of a nominee of the Securities Depository.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Holder</font>&#8221; means a Person in whose name a VRDP Share is registered in the registration books of the Fund maintained by the Tender and Paying
      Agent.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The word &#8220;<font style="font-weight: bold; font-style: italic;">including</font>&#8221; means &#8220;including without limitation.&#8221;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Investment Adviser</font>&#8221; means BlackRock Advisors, LLC, or any successor company or entity.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidation Preference</font>&#8221; with respect to a given number of VRDP Shares, means $100,000 times that number.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Provider</font>&#8221; has the meaning set forth in the preamble to this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Provider Ratings Event</font>&#8221; means the Liquidity Provider shall fail to maintain at any time (i) short-term debt ratings in one of
      the two highest rating categories from the Requisite NRSROs.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Provider Ratings Event Termination Date</font>&#8221; means the date established by the Tender and Paying Agent, acting upon instructions of
      the Fund pursuant to the Tender and Paying Agent Agreement, for termination of this Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than sixteen (16) days nor more than thirty (30) days following the
      date on which such Liquidity Provider Ratings Event first occurs.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Losses</font>&#8221; has the meaning set forth in Section 2.02(o).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Purchase</font>&#8221; means the mandatory purchase of Outstanding VRDP Shares by the Liquidity Provider pursuant to this Agreement in
      connection with a Mandatory Purchase Event.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Purchase Date</font>&#8221; means the Purchase Date for a Mandatory Purchase determined in accordance with the Statement of Preferences and
      this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Purchase Event</font>&#8221; means, (i) in connection with the termination of this Agreement due to its expiration as of a Scheduled
      Termination Date, by the fifteenth (15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day prior to any such Scheduled Termination Date, (a) the Liquidity Provider shall not have agreed to an extension or further extension of the Scheduled Termination Date to a date not earlier than
      180 days from the Scheduled Termination Date of this Agreement then in effect, and (b) the Fund shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than
      180 days from the Scheduled Termination Date of this Agreement, or (ii) in connection with the termination of this Agreement due to a Liquidity Provider Ratings Event or Related Party Termination Event, by the fifteenth (15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day prior to
      the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, the Fund shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination
      date not earlier than 180 days from the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of this Agreement. The Mandatory Purchase Event shall be deemed to occur on such fifteenth (15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>)
      day prior to any Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Purchase Notice</font>&#8221; means, in connection with the Mandatory Purchase of VRDP Shares, a notice substantially in the form attached to
      this Agreement as Exhibit B, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Purchase Date.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Tender</font>,&#8221; with respect to a Mandatory Tender Event, means the mandatory tender of all VRDP Shares by Holders for Remarketing or,
      in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the
      Tender and Paying Agent for Remarketing (provided, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider at the Purchase Price pursuant to Section
      2 of Part II of the Statement of Preferences and this Agreement.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Tender Event</font>&#8221; means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the
      occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings Event
      also results in a Mandatory Purchase Event; provided that, following restoration of the short-term debt ratings to the requisite level, a subsequent Liquidity Provider Ratings Event shall constitute a new Mandatory Tender Event); (c) in the event of
      a failure by the Fund to pay the Liquidity Provider the applicable fee when due under the terms of the Fee Agreement if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay such fee
      constitutes a Mandatory Tender Event; (d) the eighth (8<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate
      VRDP Shares Purchase Agreement by the fifteenth (15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of this Agreement being replaced;
      (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with the Statement of Preferences; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider set forth in
      the Fee Agreement and the failure to cure such breach within sixty (60)&#160;days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter
      provides written notice to the Fund and the Tender and Paying Agent that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity
      Provider).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Tender Notice</font>&#8221; means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to
      the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Tender Event and
      Purchase Date.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Moody&#8217;s</font>&#8221; means Moody&#8217;s Investors Service, Inc., a Delaware corporation, and its successors.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Municipal Obligations</font>&#8221; means Municipal Bonds as described in Schedule I herein.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Purchase</font>&#8221; means, as the context requires, a Preliminary Notice of Purchase or a Final Notice of Purchase, in each case,
      substantially in the form of Exhibit A hereto.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Redemption</font>&#8221; means any notice with respect to the redemption of VRDP Shares pursuant to the Statement of Preferences.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Revocation</font>&#8221; means, in connection with the revocation by a Beneficial Owner or its Agent Member of its Notice of Tender, a
      notice, substantially in the form attached to this Agreement as Exhibit D and the Tender and Paying Agent Agreement as Exhibit C, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to revoke the
      tender of some or all of the VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of the Statement of Preferences.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Tender</font>&#8221; means, in connection with an Optional Tender, a notice, substantially in the form attached to this Agreement as Exhibit
      C and the Tender and Paying Agent Agreement as Exhibit A, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to tender VRDP Shares for sale on a Purchase Date pursuant to Part II of the
      Statement of Preferences.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">NRSRO</font>&#8221; means a &#8220;nationally recognized statistical rating organization&#8221; within the meaning of Section 3(a)(62) of the Exchange Act, that is
      not an &#8220;affiliated person&#8221; (as defined in Section 2(a)(3) of the 1940 Act) of the Fund or the Liquidity Provider, including, at the date hereof, Moody&#8217;s and Fitch.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Optional Tender</font>&#8221; means any tender of VRDP Shares by a Beneficial Owner or its Agent Member to the Tender and Paying Agent, other than a
      Mandatory Tender, for Remarketing or, in the event (i) no Remarketing occurs on or before the Purchase Date, or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the
      unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (provided that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider pursuant
      to Section 2 of Part II of the Statement of Preferences and this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Outstanding</font>&#8221; means, as of any date with respect to the VRDP Shares, the number of VRDP Shares theretofore issued by the Fund except,
      without duplication, (i) any VRDP Shares theretofore cancelled or delivered to the Tender and Paying Agent for cancellation or redemption by the Fund, (ii) any VRDP Shares with respect to which the Fund has given a Notice of Redemption and
      irrevocably deposited with the Tender and Paying Agent sufficient Deposit Securities to redeem such VRDP Shares, pursuant to Section 10 of Part I of the Statement of Preferences, (iii) any VRDP Shares as to which the Fund shall be a Beneficial Owner,
      and (iv) any VRDP Shares represented by any certificate in lieu of which a new certificate has been executed and delivered by the Fund; provided, however, with respect to clause (ii), any such VRDP Shares will be deemed to be Outstanding for purposes
      of this Agreement until redeemed by the Fund.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Person</font>&#8221; means and includes an individual, a partnership, a corporation, a trust, an unincorporated association, a joint venture or other
      entity or a government or any agency or political subdivision thereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Preliminary Notice of Purchase</font>&#8221; means a Notice of Purchase delivered by the Tender and Paying Agent to the Liquidity Provider (or directly
      to the Liquidity Provider by Beneficial Owners or their Agent Members if there is no Tender and Paying Agent or for any reason the Tender and Paying Agent does not perform its obligations) on the Business Day immediately preceding a Purchase Date
      indicating the number of VRDP Shares to be purchased on the Purchase Date pursuant to the Purchase Obligation.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchase Date</font>,&#8221; with respect to any purchase of VRDP Shares, means (i) in connection with an Optional Tender, the date specified in a
      Notice of Tender, which date shall be no earlier than the seventh (7<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day (or, if such day is not a Business Day, the next succeeding Business Day) following delivery to the Tender and Paying Agent of the Notice of Tender, (ii) in
      connection with a Mandatory Tender, the date specified in the Mandatory Tender Notice (or, if such day is not a Business Day, the next succeeding Business Day), subject to the immediately succeeding sentence below, or (iii) in connection with a
      Mandatory Purchase, the Mandatory Purchase Date specified in the Mandatory Purchase Notice (or, if such day is not a Business Day, the next succeeding Business Day). The Purchase Date in respect of a Mandatory Tender Event shall be not later than
      seven (7) days following the date a Mandatory Tender Notice is sent to Holders by Electronic Means; <u>provided</u>, that: (A) the Purchase Date in connection with the failure of the Fund to pay the applicable fee to the Liquidity Provider may not
      be later than the last Business Day of the month such payment was due; (B) the Purchase Date in connection with the occurrence of an Extraordinary Corporate Event may not be later than the Business Day immediately preceding the occurrence of the
      Extraordinary Corporate Event (and, if no earlier Purchase Date is specified in a Mandatory Tender Notice with respect to such Extraordinary Corporate Event, the Business Day immediately preceding the occurrence of the Extraordinary Corporate Event
      shall be deemed to be the Purchase Date irrespective of the failure to have given or sent a Mandatory Tender Notice); (C) the Purchase Date in connection with the Fund obtaining an Alternate VRDP Shares Purchase Agreement may not be later than the
      Business Day immediately preceding the termination of this Agreement and the effective date of such Alternate VRDP Shares Purchase Agreement (which may not be later than the termination date of this Agreement); and (D) the Purchase Date in connection
      with a Notice of Proposed Special Rate Period may not be later than the first (1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup>) day of such proposed Special Rate Period.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchase Obligation</font>&#8221; means the unconditional and irrevocable obligation of the Liquidity Provider during the term and pursuant to the
      terms of this Agreement to purchase Outstanding VRDP Shares on any Purchase Date at the Purchase Price from Beneficial Owners, in the case of any Optional Tender, and Holders, in the case of any Mandatory Tender or any Mandatory Purchase, in each
      case following delivery of a Final Notice of Purchase with respect to such VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchase Price</font>&#8221; means an amount equal to the Liquidation Preference of any VRDP Shares to be purchased on a Purchase Date, plus any
      accumulated but unpaid dividends thereon (whether or not earned or declared), if any, to but excluding, the relevant Purchase Date.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchased VRDP Shares</font>&#8221; means all VRDP Shares purchased by the Liquidity Provider pursuant to Article II of this Agreement, so long as the
      Liquidity Provider continues to be the beneficial owner for federal income tax purposes of such VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Refinancing Shares</font>&#8221; has the meaning set forth in the recitals of this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Related Documents</font>&#8221; means this Agreement, the Charter, the Statement of Preferences, the VRDP Shares, the VRDP Shares Remarketing
      Agreement, the Fee Agreement and the Tender and Paying Agent Agreement.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Related Party</font>&#8221; means a related party for purposes of Section 267(b) or Section 707(b) of the Code, as such provisions may be amended from
      time to time.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Related Party Termination Date</font>&#8221; means the effective date of the termination of this Agreement in accordance with its terms following the
      occurrence of a Related Party Termination Event.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Related Party Termination Event</font>&#8221; means the Liquidity Provider becoming a Related Party of the Fund other than through the acquisition of
      VRDP Shares pursuant to the terms of this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing</font>&#8221; means the remarketing of VRDP Shares by the Remarketing Agent on behalf of the Beneficial Owners thereof pursuant to an
      Optional Tender or on behalf of the Holders thereof pursuant to a Mandatory Tender, as provided in the VRDP Shares Remarketing Agreement and the Statement of Preferences.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Agent</font>&#8221; means, with respect to the VRDP Shares, the Person or Persons designated with the prior written consent of the
      Liquidity Provider (which consent shall not be unreasonably withheld), as Remarketing Agent for the VRDP Shares, initially BofA Securities, Inc., and its or their permitted successors and assigns, which shall be deemed to include BofA Securities,
      Inc. The Liquidity Provider&#8217;s execution of this Agreement shall constitute its consent to the designation of the Remarketing Agent.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Notice</font>&#8221; has the meaning set forth in Section 2.02(h).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;&#8220;<font style="font-weight: bold; font-style: italic;">Reorganization Shares</font>&#8221; has the meaning set forth in the recitals to this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Requisite NRSROs</font>&#8221; means (i) any two (2) NRSROs that have issued a rating with respect to a security or class of debt obligations of an
      issuer; or (ii) if only one (1) NRSRO has issued a rating with respect to such security or class of debt obligations of an issuer at the time a purchaser Acquires (as such term is defined from time to time in Rule 2a-7 under the 1940 Act) the
      security, that NRSRO.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Scheduled Termination Date</font>&#8221; means April 30, 2022, or any succeeding date to which the term of this Agreement is extended pursuant to
      Section 2.03.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">SEC</font>&#8221; means the Securities and Exchange Commission.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Securities Depository</font>&#8221; means The Depository Trust Company, New York, New York, and any substitute for or successor to such securities
      depository that shall maintain a book-entry system with respect to the VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Series W-7 VRDP Shares</font>&#8221; has the meaning set forth in the recitals to this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Special Optional Tender Provisions</font>&#8221; has the meaning set forth in Section 2.02(e).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Special Rate Period</font>&#8221; with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Statement
      of Preferences.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Statement of Preferences</font>&#8221; means the Statement of Preferences of Variable Rate Demand Preferred Shares with respect to the Fund as amended
      from time to time in accordance with the provisions thereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Tender</font>&#8221; means either an Optional Tender or a Mandatory Tender, as applicable.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Tender and Paying Agent</font>&#8221; means The Bank of New York Mellon or, with the prior written consent of the Liquidity Provider (which consent
      shall not be unreasonably withheld), any successor Person, which has entered into an agreement with the Fund to act in such capacity as the Fund&#8217;s tender agent, transfer agent, registrar, dividend disbursing agent, paying agent, redemption price
      disbursing agent and calculation agent in connection with the payment of regularly scheduled dividends with respect to VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Tender and Paying Agent Agreement</font>&#8221; means the tender and paying agent agreement, dated as of March 31, 2021, by and between the Fund and
      the Tender and Paying Agent, as amended, modified or supplemented from time to time, or any similar agreement with a successor tender and paying agent.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Termination Event</font>&#8221; means a termination of this Agreement (a) on a Scheduled Termination Date, as such date may be extended pursuant to the
      terms hereof, (b) following written notice provided by the Tender and Paying Agent pursuant to Section 7.06(b) hereof following the occurrence of a Liquidity Provider Ratings Event at any time during the term hereof or (c) on a Related Party
      Termination Date.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">U.S. Government Securities</font>&#8221; means direct obligations of the United States or of its agencies or instrumentalities that are entitled to the
      full faith and credit of the United States and that, other than United States Treasury Bills, provide for the periodic payment of interest and the full payment of principal at maturity or call for redemption.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares</font>&#8221; has the meaning set forth in the recitals to this Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares Remarketing Agreement</font>&#8221; means the VRDP Shares remarketing agreement, dated as of March 31, 2021, by and between the Fund and
      the Remarketing Agent, as amended, modified or supplemented from time to time, or any similar agreement with a successor remarketing agent, which shall be deemed to include BofA Securities, Inc.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">written</font>&#8221; or &#8220;<font style="font-weight: bold; font-style: italic;">in writing</font>&#8221; means any form of written communication, including
      communication by means of telex, telecopier or electronic mail.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z46287d74d3fa48658ae0de33d576a513" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805763"></a><font style="font-weight: bold;">SECTION 1.02.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Incorporation of Certain Definitions by Reference.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Each capitalized term used herein and not otherwise defined herein shall have the meaning provided therefor (including by incorporation by reference) in the Statement of Preferences. Any day not
      referred to herein as a Business Day shall mean a calendar day.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: center; font-weight: bold;">ARTICLE II</div>
    <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805764"></a>PURCHASE OBLIGATION</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="za4e92531c8074525af1e3d6b57f710d8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805765"></a><font style="font-weight: bold;">SECTION 2.01.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Commitment to Purchase VRDP Shares.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Liquidity Provider agrees, commencing on the Effective Date of this Agreement, to purchase at the Purchase Price any Outstanding VRDP Shares that are properly tendered in accordance
      with the Statement of Preferences and this Agreement, including, without limitation to any other provision of this Agreement, on the Purchase Date for a Mandatory Tender in connection with the Fund obtaining an Alternate VRDP Shares Purchase
      Agreement and the Purchase Date for a Mandatory Purchase Event. The Liquidity Provider agrees that in no event shall amounts paid by it in respect of the Purchase Price be paid from funds or property of the Fund, including, without limitation, any
      funds derived from funds that the Fund may have on deposit with the Liquidity Provider. The obligation of the Liquidity Provider to purchase VRDP Shares pursuant to this Agreement shall run to the benefit of those beneficiaries identified in Section
      7.10 and shall be unconditional and irrevocable in accordance with the provisions hereof, without regard to, without limitation, any failure of the representations, warranties, agreements or performance of the Tender and Paying Agent set forth herein
      or of the Fund set forth in the Fee Agreement or the termination of the obligations of the Remarketing Agent under Section 10 of the VRDP Shares Remarketing Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The obligation of the Liquidity Provider hereunder to purchase VRDP Shares of any Holder or Beneficial Owner on any Purchase Date shall be unconditional upon delivery to the Liquidity
      Provider of a written Final Notice of Purchase from the Tender and Paying Agent by Electronic Means or, if there is no Tender and Paying Agent or for any reason the Tender and Paying Agent does not perform its obligations hereunder, from any Holder
      or Beneficial Owner, with respect to an election by one or more Beneficial Owners to submit such VRDP Shares for purchase by the Liquidity Provider (subject to Section 2.02(k)); provided that, in the case of a Mandatory Purchase, the Final Notice of
      Purchase shall automatically be deemed given upon the Mandatory Purchase Notice being delivered to the Liquidity Provider in accordance herewith.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the case of an Optional Tender or a Mandatory Tender, the Liquidity Provider shall be obligated to purchase only those VRDP Shares subject to a Final Notice of Purchase. In the case of
      a Mandatory Purchase, the Liquidity Provider shall be obligated to purchase all Outstanding VRDP Shares.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z7e4ed76468474951bb4d2496183e7057" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805766"></a><font style="font-weight: bold;">SECTION 2.02.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Method of Purchasing.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pursuant to an Optional Tender, Beneficial Owners may elect to tender their VRDP Shares (in one or more shares) for purchase at the Purchase Price on the Purchase Date designated in the
      Notice of Tender (or if such day is not a Business Day, on the next succeeding Business Day) by an effective delivery of a Notice of Tender to the Tender and Paying Agent. Each Notice of Tender will be irrevocable (except as described below) and
      effective upon receipt by the Tender and Paying Agent and shall:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160; &#160;&#160; &#160; be delivered by a Beneficial Owner, directly or through its Agent Member, by email transmission (or if email transmission shall be unavailable, by facsimile
      transmission), to the Tender and Paying Agent not later than 2:00 p.m., New York City time, on any Business Day;</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; state the series and the aggregate number of VRDP Shares to be purchased, the CUSIP number of the VRDP Shares to be purchased and the Purchase Date and be in
      substantially the form of and contain such other information specified in Exhibit C to this Agreement; and</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; state that the tendering Beneficial Owner acknowledges that such Beneficial Owner is required to deliver the VRDP Shares that are the subject of a Notice of Tender
      (that has not been duly revoked as described below) on or before 2:00 p.m., New York City time, on the Purchase Date.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; Upon receipt of a Notice of Tender, the Tender and Paying Agent shall provide a copy of such notice to the Liquidity Provider and the Remarketing Agent (with a copy to the Fund) as
      promptly as practicable by Electronic Means, but no later than 4:00 p.m., New York City time, on the date of receipt or deemed receipt. Any Notice of Tender that is delivered to the Tender and Paying Agent by a Beneficial Owner or its Agent Member
      after 2:00 p.m., New York City time, shall be deemed to have been received by the Tender and Paying Agent on the next succeeding Business Day, and the Purchase Date shall be adjusted such that the Purchase Date shall be the Business Day next
      succeeding the date specified as the Purchase Date in the Notice of Tender. The Tender and Paying Agent&#8217;s determination as to whether a Notice of Tender has been properly delivered shall be conclusive and binding on a Beneficial Owner and its Agent
      Member.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; VRDP Shares are subject to Mandatory Tender upon the occurrence of a Mandatory Tender Event. So long as the VRDP Shares are in book-entry form and held through the Securities Depository,
      any Mandatory Tender will be effected automatically through the book entry system of the Securities Depository, without any action required on the part of the Holders or Beneficial Owners.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Promptly following the occurrence of a Mandatory Tender Event, and in any event within three (3) Business Days thereafter, the Fund, or the Tender and Paying Agent at
      the direction of the Fund (provided, that the Tender and Paying Agent may require up to two (2) Business Days prior notification by Electronic Means by the Fund), shall provide a Mandatory Tender Notice by Electronic Means to Holders, the Remarketing
      Agent and the Liquidity Provider, specifying a Purchase Date for all Outstanding VRDP Shares. Any notice given in respect of a Mandatory Tender under the Statement of Preferences shall be conclusively presumed to have been duly given, whether or not
      the Holders receive such notice.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Upon the occurrence of a Mandatory Tender Event, all Outstanding VRDP Shares automatically shall be subject to Mandatory Tender and delivered to the Tender and Paying
      Agent for purchase on the designated Purchase Date by purchasers in the Remarketing in the event of a successful Remarketing or otherwise by the Liquidity Provider, including any VRDP Shares previously tendered pursuant to an Optional Tender for
      which the Purchase Date has not yet occurred. In the event that VRDP Shares are issued in certificated form outside the book entry system of the Securities Depository and a Holder of VRDP Shares fails to deliver such VRDP Shares to which a Mandatory
      Tender relates on or prior to the Purchase Date, the Holder of such VRDP Shares shall not be entitled to any payment (including any accumulated but unpaid dividends thereon, whether or not earned or declared) other than the Purchase Price of such
      undelivered VRDP Shares as of the scheduled Purchase Date. Any such undelivered VRDP Shares shall be deemed to be delivered to the Tender and Paying Agent, and the Tender and Paying Agent shall place stop-transfer orders against the undelivered VRDP
      Shares. Any moneys held by the Tender and Paying Agent for the purchase of undelivered VRDP Shares shall be held in a separate account by the Tender and Paying Agent, shall not be invested, and shall be held for the exclusive benefit of the Holder of
      such undelivered VRDP Shares. The undelivered VRDP Shares shall be deemed to be no longer Outstanding (except as to entitlement to payment of the Purchase Price), and the Fund shall issue to the purchaser a replacement VRDP Shares certificate in lieu
      of such undelivered VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;A Beneficial Owner or its Agent Member that delivered a Notice of Tender in connection with an Optional Tender may deliver in writing by email transmission (or if email transmission
      shall be unavailable, by facsimile transmission) to the Tender and Paying Agent, not later than 10:00 a.m., New York City time, on or prior to the Business Day immediately preceding the Purchase Date, a Notice of Revocation, a form of which is
      attached hereto as Exhibit D, to the effect that such Beneficial Owner wishes to revoke its election to tender some or all of the VRDP Shares that were specified in such Notice of Tender to be purchased. Any Notice of Revocation delivered to the
      Tender and Paying Agent shall be promptly delivered by Electronic Means by the Tender and Paying Agent to the Liquidity Provider and the Remarketing Agent (with a copy to the Fund) by 12:00 noon, New York City time, on the Business Day immediately
      preceding the relevant Purchase Date. The Remarketing Agent (following receipt of such Notice of Revocation) shall notify the Tender and Paying Agent and the Liquidity Provider of the number of VRDP Shares specified in such Notice of Revocation that
      are subject to an agreement of sale pursuant to a Remarketing by Electronic Means not later than 2:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Date. The Tender and Paying Agent shall contact the Remarketing
      Agent by Electronic Means by 1:45 p.m., New York City time, if such notification has not been received by such time. The Tender and Paying Agent shall deliver such notification to the Beneficial Owner or its Agent Member promptly following receipt
      from the Remarketing Agent, and in any event by 4:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Date. Any such Notice of Revocation shall be effective (without further action on the part of the Beneficial Owner
      or its Agent Member) as a revocation of the Optional Tender of the number of VRDP Shares specified therein as being sought to be revoked, but (except as set forth below) only if and to the extent that the Remarketing Agent has not entered into an
      agreement to sell such VRDP Shares. A Notice of Revocation shall be effective as to the number of VRDP Shares specified therein as having been revoked less the number of such VRDP Shares in respect of which the Remarketing Agent has so notified the
      Tender and Paying Agent and the Liquidity Provider that it has entered into an agreement of sale. Notwithstanding the foregoing, tendered VRDP Shares, if any, that remain unsold on the related Purchase Date shall be allocated by the Remarketing Agent
      to each Notice of Revocation received in respect of VRDP Shares tendered for purchase on such Purchase Date and not already satisfied in the chronological order in which each such Notice of Revocation was received by the Tender and Paying Agent, and
      each such Notice of Revocation shall be effective only to the extent of such allocation and availability of unsold VRDP Shares.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In connection with any Special Rate Period designated pursuant to the Statement of Preferences, the Board, without the vote or consent of any Holder of VRDP Shares but with prior written
      consent of the Liquidity Provider (except in the case of an Initial Special Rate Period), in the Notice of Special Rate Period relating to the VRDP Shares, as delivered to the Remarketing Agent and the Liquidity Provider, may provide for optional
      tender provisions relating solely to such Special Rate Period (&#8220;<font style="font-weight: bold;">Special Optional Tender Provisions</font>&#8221;) whereby the minimum number of days&#8217; notice required for an Optional Tender may exceed seven (7) days as
      specified in the Special Optional Tender Provisions for such Special Rate Period.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant to the Statement of Preferences, the Fund has agreed in the Fee Agreement to use its best efforts to engage at all times a Remarketing Agent that is a nationally recognized
      securities dealer with experience in remarketing variable-rate securities whose appointment has been consented to in writing by the Liquidity Provider (which consent shall not be unreasonably withheld) to use its best efforts to find purchasers for
      all VRDP Shares properly tendered pursuant to a Tender. All such VRDP Shares shall be remarketed at the Purchase Price of such VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In connection with any attempted Remarketing, all tendered VRDP Shares shall be remarketed at the Purchase Price of such VRDP Shares. The calculation of the Purchase Price of the VRDP
      Shares that are remarketed or purchased by the Liquidity Provider shall be made by the Remarketing Agent in advance of such Remarketing or purchase and, together with the details of the aggregate number and Purchase Price of remarketed VRDP Shares
      and the aggregate number and Purchase Price of VRDP Shares to be purchased by the Liquidity Provider pursuant to the Purchase Obligation, shall be communicated by the Remarketing Agent to the Fund, the Liquidity Provider and the Tender and Paying
      Agent by Electronic Means by 2:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Date, as described below. The proceeds of any sale of any remarketed VRDP Shares by the Remarketing Agent relating to tendered VRDP
      Shares will be used by the Tender and Paying Agent for the purchase of the tendered VRDP Shares at the Purchase Price, and the terms of the sale will provide for the wire transfer of such Purchase Price by the Remarketing Agent to be received by the
      Tender and Paying Agent no later than 11:00 a.m., New York City time, on the related Purchase Date for payment to the Agent Member of the Beneficial Owner, in the case of an Optional Tender, or Holder, in the case of a Mandatory Tender, tendering
      VRDP Shares for sale through the Securities Depository in immediately available funds against delivery of the tendered VRDP Shares to the Tender and Paying Agent through the Securities Depository, the delivery of such VRDP Shares to the Tender and
      Paying Agent through the Securities Depository no later than 2:00 p.m., New York City time, on the related Purchase Date, and the re-delivery of such VRDP Shares by means of &#8220;FREE&#8221; delivery through the Securities Depository to the Remarketing Agent
      for delivery to the purchaser&#8217;s Agent Member through the Securities Depository by 3:00 p.m., New York City time, on the related Purchase Date.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">15</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;By 2:00 p.m., New York City time, on the Business Day immediately preceding each Purchase Date, the Remarketing Agent shall deliver a notice to the Tender and Paying Agent and the
      Liquidity Provider (a &#8220;<font style="font-weight: bold;">Remarketing Notice</font>&#8221;), by Electronic Means, that sets forth the number of VRDP Shares, if any, that it successfully remarketed for purchase on such Purchase Date and the aggregate Purchase
      Price of such sold VRDP Shares and the number of VRDP Shares, if any, not successfully remarketed for purchase on such Purchase Date and the aggregate Purchase Price of such unsold VRDP Shares to be paid by the Liquidity Provider. If the Remarketing
      Notice states that the Remarketing Agent has not successfully remarketed all of the VRDP Shares to be purchased on such Purchase Date, the Tender and Paying Agent shall promptly, and in any event not later than 4:00 p.m., New York City time, on such
      Business Day, deliver by Electronic Means to the Liquidity Provider (with a copy to the Fund) a Preliminary Notice of Purchase that, subject to delivery of the Final Notice of Purchase on the Purchase Date described below, provides for the purchase
      by the Liquidity Provider of the number of such VRDP Shares that the Remarketing Agent stated in the Remarketing Notice as not having been successfully remarketed, including the aggregate Purchase Price of such VRDP Shares, as calculated by the
      Remarketing Agent. If the Remarketing Notice states that the Remarketing Agent has not successfully remarketed all of the VRDP Shares to be purchased on such Purchase Date (or if proceeds from a Remarketing for any tendered VRDP Shares have not been
      received for any reason by the Tender and Paying Agent by 11:00 a.m., New York City time, on the Purchase Date), the Tender and Paying Agent shall deliver by Electronic Means to the Liquidity Provider (with a copy to the Fund) by 12:00 noon, New York
      City time, on such Purchase Date a Final Notice of Purchase that states the number of VRDP Shares required to be purchased by the Liquidity Provider. For purposes of the Final Notice of Purchase, any tendered VRDP Shares for which proceeds from a
      Remarketing have not been received for any reason by the Tender and Paying Agent by 11:00 a.m., New York City time, on the Purchase Date (other than VRDP Shares owned by the Remarketing Agent or the Liquidity Provider and tendered for Remarketing),
      shall be treated as not having been successfully remarketed and shall be required to be purchased by the Liquidity Provider. Except for manifest error, the payment obligation of the Liquidity Provider shall equal the Purchase Price of the VRDP
      Shares, stated in the Final Notice of Purchase delivered to the Liquidity Provider, as being required to be purchased by the Liquidity Provider.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Liquidity Provider shall, no later than 2:00 p.m., New York City time, on a Purchase Date for any VRDP Shares, wire transfer the aggregate Purchase Price of all VRDP Shares in
      respect of which Final Notices of Purchase have been delivered to it for purchase of VRDP Shares on such date, as follows: (i) in the case of a Final Notice of Purchase delivered by the Tender and Paying Agent, by wire transfer, in immediately
      available funds, to the account of the Tender and Paying Agent specified by the Tender and Paying Agent in any such Final Notice of Purchase and (ii) in the case of a Final Notice of Purchase delivered by a Beneficial Owner or its Agent Member, in
      the case of an Optional Tender, or by a Holder, in the case of a Mandatory Tender, in the event there is no Tender and Paying Agent or for any reason the Tender and Paying Agent does not perform its obligations under this Agreement and the Liquidity
      Provider has received a Remarketing Notice that such VRDP Shares have not been the subject of an agreement of sale in a Remarketing and has received written notice from the Fund that there is no Tender and Paying Agent or that the Tender and Paying
      Agent does not intend to perform its obligations hereunder, by payment against delivery of the VRDP Shares that are the subject of any such Final Notice of Purchase, through means of the Securities Depository in the case of Global VRDP Shares. The
      Fund is required pursuant to the Statement of Preferences, in the event there is no Tender and Paying Agent or for any reason the Tender and Paying Agent does not perform its obligations under this Agreement, to (i) upon becoming aware thereof,
      promptly notify the Liquidity Provider, the Remarketing Agent and Holders by Electronic Means of such event and (ii) so long as such event is continuing, use its best efforts to direct and request the Remarketing Agent to forward, concurrently with
      the delivery thereof to the Liquidity Provider or as promptly as practicable thereafter, any Remarketing Notice to each Beneficial Owner or Holder tendering VRDP Shares that are the subject of such notices.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">16</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Upon receipt by the Tender and Paying Agent from the Beneficial Owner or its Agent Member, in the case of an Optional Tender, or by the Holder, in the case of a Mandatory Tender, of
      tendered VRDP Shares and the payment by the Tender and Paying Agent to such Beneficial Owner or its Agent Member, or such Holder as the case may be, of the Purchase Price therefor on the applicable Purchase Date, the Tender and Paying Agent shall
      deliver to the Liquidity Provider, by means of &#8220;FREE&#8221; delivery through the system of the Securities Depository, VRDP Shares in satisfaction of the Liquidity Provider&#8217;s Purchase Obligation on such Purchase Date. Any funds paid by the Liquidity
      Provider and held in the account of the Tender and Paying Agent for the payment of the Purchase Price shall be held in trust (i) in the case of an Optional Tender, on the Purchase Date, for the benefit of the tendering Beneficial Owners or their
      Agent Members until the VRDP Shares are delivered by the tendering Beneficial Owners or their Agent Members and, after the Purchase Date, in trust for the benefit of the Liquidity Provider, for payment of the Purchase Price upon delivery of the VRDP
      Shares or, with respect to VRDP Shares that are not delivered, for return to the Liquidity Provider upon its request and (ii) in the case of a Mandatory Tender, for the benefit of the tendering Holders until delivery of the VRDP Shares by the
      tendering Holders against payment therefor. Any funds paid by the Remarketing Agent and held in an account of the Tender and Paying Agent for the payment of the Purchase Price in connection with a Remarketing shall be held in trust (i) in the case of
      an Optional Tender, on the Purchase Date, for the benefit of the tendering Beneficial Owners or their Agent Members until the VRDP Shares are delivered by the tendering Beneficial Owners or their Agent Members and, after the Purchase Date, in trust
      for the benefit of the Remarketing Agent on account of purchasers purchasing in a Remarketing or for the Remarketing Agent&#8217;s account to the extent it has advanced the Purchase Price of any VRDP Shares (which it may or may not do in its sole
      discretion) on behalf of one or more purchasers, as applicable, for payment of the Purchase Price upon delivery of the VRDP Shares or, with respect to VRDP Shares that are not delivered, for return to the Remarketing Agent on account of purchasers
      purchasing in a Remarketing or for the Remarketing Agent&#8217;s account to the extent it has advanced the Purchase Price of any VRDP Shares (which it may or may not do in its sole discretion) on behalf of one or more purchasers, as applicable, upon the
      Remarketing Agent&#8217;s request and (ii) in the case of a Mandatory Tender, for the benefit of the tendering Holders until delivery of the VRDP Shares by the tendering Holders against payment therefor. Upon receipt of VRDP Shares from the tendering
      Beneficial Owners or their Agent Members, in the case of an Optional Tender, or from the tendering Holders, in the case of a Mandatory Tender, by the Tender and Paying Agent, the Tender and Paying Agent shall pay, subject to receipt of the Purchase
      Price by the Tender and Paying Agent in the form of remarketing proceeds from the Remarketing Agent, with respect to VRDP Shares remarketed by the Remarketing Agent, or in the form of payment pursuant to this Agreement from the Liquidity Provider,
      with respect to the VRDP Shares subject to purchase pursuant to the Purchase Obligation, the Purchase Price for such VRDP Shares to such tendering Beneficial Owner, Agent Member or Holder, as the case may be. In accordance with and subject to the
      foregoing, the Tender and Paying Agent shall effect any such payment on the applicable Purchase Date.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">17</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 72pt;">(k)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as otherwise expressly provided for herein, the purchase and delivery of tendered Global VRDP Shares and their Remarketing will be accomplished in accordance with the applicable
      rules and procedures of the Securities Depository.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(l)&#160;&#160;&#160;&#160;&#160; &#160; &#160; In the event of a Failed Remarketing Condition, of which the Tender and Paying Agent has received notice labeled &#8220;Notice of Failed Remarketing Condition&#8221; by Electronic Means from the
      Fund, the Tender and Paying Agent shall provide notice of such Failed Remarketing Condition within two (2) Business Days of receipt by the Tender and Paying Agent of such notice of such Failed Remarketing Condition, by Electronic Means (or by first
      class mail, postage prepaid, in the case where the VRDP Shares are in physical form outside the book-entry system of the Securities Depository), to the Holders (with a copy to the Fund).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(m)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; At any time that no Purchase Obligation is in effect (or with respect to a remarketing of VRDP Shares held by the Liquidity Provider as to which any then-effective Purchase Obligation by
      a successor liquidity provider is inapplicable), any VRDP Shares unsold in a Remarketing shall be returned to the tendering Beneficial Owners or their Agent Members, or the tendering Holders, as the case may be, by the Tender and Paying Agent.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(n)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;VRDP Shares are subject to Mandatory Purchase by the Liquidity Provider upon the occurrence of a Mandatory Purchase Event. Promptly following the occurrence of a Mandatory Purchase
      Event, and in any event within three (3) Business Days thereafter, the Fund, or the Tender and Paying Agent at the direction of the Fund (provided, that the Tender and Paying Agent may require up to two (2) Business Days prior notification by
      Electronic Means by the Fund), shall provide a Mandatory Purchase Notice by Electronic Means to Holders and the Liquidity Provider, specifying a Mandatory Purchase Date for all Outstanding VRDP Shares. The Mandatory Purchase Date shall not be later
      than seven (7) days following the date a Mandatory Purchase Notice is sent to Holders by Electronic Means, and in any event shall be not later than the Business Day immediately preceding the termination of this Agreement. Any notice given in respect
      of a Mandatory Purchase under the Statement of Preferences shall be conclusively presumed to have been duly given, whether or not the Holders receive such notice. Upon the occurrence of a Mandatory Purchase Event, all Outstanding VRDP Shares
      automatically shall be subject to Mandatory Purchase by the Liquidity Provider at the Purchase Price on the Mandatory Purchase Date, including any VRDP Shares tendered pursuant to an Optional Tender or Mandatory Tender for which the Purchase Date has
      not yet occurred. In the event that VRDP Shares are issued in certificated form outside the book-entry system of the Securities Depository and a Holder fails to deliver such VRDP Shares to which a Mandatory Purchase relates, on or prior to the
      Mandatory Purchase Date, the Holder of such VRDP Shares will not be entitled to any payment (including any accumulated but unpaid dividends thereon, whether or not earned or declared) other than the Purchase Price of such undelivered VRDP Shares as
      of the scheduled Purchase Date. Any such undelivered VRDP Shares will be deemed to be delivered to the Tender and Paying Agent, and the Tender and Paying Agent will place stop-transfer orders against the undelivered VRDP Shares. Any moneys held by
      the Tender and Paying Agent for the purchase of undelivered VRDP Shares shall be held in a separate account, shall not be invested, and shall be held for the exclusive benefit of the Holder of such undelivered VRDP Shares. The undelivered VRDP Shares
      shall be deemed to be no longer Outstanding (except as to entitlement to payment of the Purchase Price), and the Fund will issue to the purchaser a replacement VRDP Shares certificate in lieu of such undelivered VRDP Shares.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">18</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">(o)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Liquidity Provider shall not have any responsibility for, or incur any liability in respect of, any losses, claims, damages, liabilities or expenses (including reasonable fees and
      expenses of counsel) (&#8220;<font style="font-weight: bold;">Losses</font>&#8221;) relating to any act by the Tender and Paying Agent, or any failure to act or to perform any of its obligations, other than Losses arising out of the bad faith, gross negligence
      or willful misconduct of the Liquidity Provider.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(p)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;VRDP Shares purchased by the Liquidity Provider pursuant to this Section 2.02 shall be delivered to the Liquidity Provider or its nominee as specified by the Liquidity Provider.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(q)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If there is no Tender and Paying Agent or for any reason the Tender and Paying Agent does not perform any of its foregoing obligations hereunder on behalf of any Beneficial Owner or
      Holder, such Beneficial Owner or its Agent Member or Holder may perform any such obligations in place of the Tender and Paying Agent (if any) with respect to the VRDP Shares of such Beneficial Owner or Holder and payments shall be made to the
      account(s) specified by such Beneficial Owners or Holders.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z61228ff3f9fd43e480528e8a1cd5b2de" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805767"></a><font style="font-weight: bold;">SECTION 2.03.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Extension of Scheduled Termination Date.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Under the Fee Agreement, the Fund shall have the right, exercisable not more than one hundred twenty (120) days nor less than ninety (90) days prior to the Scheduled Termination Date, to request that
      the Liquidity Provider extend the term of such Scheduled Termination Date for an additional period of up to 364 days or, if mutually agreed upon by the parties to the Fee Agreement, a period greater than 364 days, which request may be conditioned
      upon terms and conditions that are different from the terms and conditions of this Agreement and the Fee Agreement then in effect. The Liquidity Provider shall, no later than thirty (30) days after receiving such request, notify the Fund and the
      Tender and Paying Agent of its acceptance or rejection of such request, which acceptance by the Liquidity Provider may be a Conditional Acceptance conditioned upon terms and conditions which are different from the terms and conditions of this
      Agreement and the Fee Agreement then in effect or the terms and conditions proposed by the Fund in making an extension request. If the Liquidity Provider fails to notify the Fund and the Tender and Paying Agent of its acceptance or rejection of the
      Fund&#8217;s request for extension within such 30-day period, such failure to respond shall constitute a rejection of such request. If the Liquidity Provider provides a Conditional Acceptance, then the Fund shall have thirty (30) days thereafter to notify
      the Liquidity Provider and the Tender and Paying Agent of its acceptance or rejection of the terms and conditions specified in the Liquidity Provider&#8217;s Conditional Acceptance. The Fund&#8217;s failure to notify the Liquidity Provider and the Tender and
      Paying Agent within the 30-day period will be deemed a rejection of the terms and conditions specified in the Liquidity Provider&#8217;s Conditional Acceptance. Under the Fee Agreement, the Fund will acknowledge and agree that the Liquidity Provider may
      grant or deny any request for extension of the Scheduled Termination Date in its sole and absolute discretion.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 90pt; vertical-align: top; font-weight: bold;">SECTION 2.04.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Reduction of Available Commitment.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"> As of the opening of business on the day following the Liquidity Provider&#8217;s receipt of written notice (which the Tender and Paying Agent will provide within two (2) Business Days of receipt of
      notice from the Fund) of any redemption or other repurchase of VRDP Shares consummated by the Fund, the Available Commitment shall automatically be reduced by the amount applicable to the VRDP Shares so redeemed or otherwise repurchased; and the
      Available Commitment in respect of such VRDP Shares shall be extinguished and shall not thereafter be revived, except with the prior written consent of the Liquidity Provider.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">19</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"></div>
    <table cellspacing="0" cellpadding="0" id="zfdacdfbbf3c541ccb6817a5cfba770c4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805769"></a><font style="font-weight: bold;">SECTION 2.05.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Claw-Back Provision.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In the event that any dividends or redemption proceeds paid by the Fund on Outstanding VRDP Shares prior to the occurrence of a Fund Insolvency Event are required to be, and are, paid over to the
      bankruptcy estate of the Fund pursuant to a final, non-appealable judgment of a court of competent jurisdiction arising out of a Fund Insolvency Event, any Beneficial Owner (or former Beneficial Owner) of VRDP Shares that has paid over to the
      bankruptcy estate of the Fund pursuant to such judgment any dividends or redemption proceeds previously received from the Fund may demand reimbursement from the Liquidity Provider of any amounts so paid. The Liquidity Provider agrees to make such
      reimbursement payment within three (3) Business Days of receipt of any such demand for payment made in writing and accompanied by evidence reasonably satisfactory to the Liquidity Provider of payment made to the bankruptcy estate of the Fund by or on
      behalf of the demanding party. In connection with any reimbursement payment by the Liquidity Provider, the Beneficial Owner (or former Beneficial Owner) of VRDP Shares shall be deemed to have transferred, assigned and conveyed to the Liquidity
      Provider the right to receive from the Fund and the bankruptcy estate of the Fund any such dividends or redemption proceeds in exchange for the reimbursement payment by the Liquidity Provider, and the Beneficial Owner (or former Beneficial Owner)
      shall execute, acknowledge and deliver such further conveyances, assignments and other documents as the Liquidity Provider may reasonably request and are reasonably necessary in order to effectuate such assignment. The provisions of this Section 2.05
      shall survive any expiration or termination of this Agreement, in respect of any dividends or redemption proceeds paid by the Fund on Outstanding VRDP Shares during the term of this Agreement, and shall be in addition to any other obligation of the
      Liquidity Provider under this Agreement.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zc63410acac064f7498d0704abfc54f6d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805770"></a><font style="font-weight: bold;">SECTION 2.06.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Current Special Rate Period.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The terms set forth in this Section 2.06 shall be applicable during the Current Special Rate Period and such terms shall supersede any other terms, provisions or obligations set forth in this
      Agreement during the Current Special Rate Period. This Section 2.06 shall have no force or effect after the last day of the Current Special Rate Period and the terms and provisions therein shall be deemed deleted and removed from this Agreement in
      its entirety thereafter without any further action from the Tender and Paying Agent or the Liquidity Provider.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; During the Current Special Rate Period, Beneficial Owners and Holders shall not have the right to tender their VRDP Shares for Remarketing pursuant to an Optional Tender.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the Current Special Rate Period, there shall be no Mandatory Tender Events or Mandatory Tenders or any consequences or penalties as a result of there being no Mandatory Tender
      Events or Mandatory Tenders.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">20</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the Current Special Rate Period, the terms and provisions of the Current Notice of Special Rate Period shall be deemed a part of the Statement of Preferences.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the event of any conflict between the terms of the Current Notice of Special Rate Period and the terms of the VRDP Shares Purchase Agreement (as amended by this Amendment) or the
      Related Documents (as amended by any amendments thereto), the terms of the Current Notice of Special Rate Period shall govern.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE III</div>
    <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805771"></a>REPRESENTATIONS AND WARRANTIES OF THE</div>
    <div style="text-align: center; font-weight: bold;">TENDER AND PAYING AGENT</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The representations and warranties set out in this Article III are given hereunder by the Tender and Paying Agent on the Effective Date only and are not repeated on any subsequent date.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z95bfde6e83ae42129c3d183f913d260f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805772"></a><font style="font-weight: bold;">SECTION 3.01.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Existence; Binding Effect.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Tender and Paying Agent represents and warrants to the Liquidity Provider that (i) the Tender and Paying Agent is duly organized and is validly existing as a banking corporation under the laws of
      the State of New York, (ii) it has the corporate power to enter into and perform its obligations under this Agreement and the Tender and Paying Agent Agreement and (iii) this Agreement constitutes the legal, valid and binding obligation of the Tender
      and Paying Agent except as the same may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws related to or affecting the rights of creditors generally from time to time in effect and by general principles of equity.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE IV</div>
    <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805773"></a>REPRESENTATIONS AND WARRANTIES OF THE</div>
    <div style="text-align: center; font-weight: bold;">LIQUIDITY PROVIDER</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The representations and warranties set out in this Article IV are given hereunder by the Liquidity Provider on the Effective Date only and are not repeated on any subsequent date.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z15d4c9f2d2d74418934e0b0aae67cf69" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805774"></a><font style="font-weight: bold;">SECTION 4.01.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Existence.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider is a national banking association duly organized and validly existing under the laws of the United States. The Liquidity Provider has all requisite power and authority to
      execute and deliver, and to perform its obligations under, this Agreement, including, without limitation, the Purchase Obligation.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zd4e6b0d4752f465bb652e1381bf2ee62" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805775"></a><font style="font-weight: bold;">SECTION 4.02.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Authorization; Contravention.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The execution, delivery and performance by the Liquidity Provider of this Agreement, including, without limitation, the Purchase Obligation, are within the Liquidity Provider&#8217;s powers, have been duly
      authorized by all necessary action, require no action by or in respect of, or filing with, any governmental body, agency or official and do not violate or contravene, or constitute a default under, any provision of applicable law, charter, ordinance
      or regulation binding upon the Liquidity Provider.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">21</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z7d48e68496c54b7eac49169144d0a224" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top; font-weight: bold;">SECTION 4.03.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Binding Effect.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This Agreement, including, without limitation, the Purchase Obligation, constitutes a valid and binding agreement of the Liquidity Provider, enforceable in accordance with its terms except as (i) the
      enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors&#8217; rights generally and (ii) the availability of equitable remedies may be limited by equitable principles of general applicability, it being understood
      that the enforceability of indemnification provisions may be subject to limitations imposed under applicable securities laws.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zbe4067056b66423787c33c44bfdbffdf" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805777"></a><font style="font-weight: bold;">SECTION 4.04.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Financial Information.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The publicly available portions of the Liquidity Provider&#8217;s most recent Call Report, and any amendments and supplements thereto, present fairly, in all material respects, the financial position of
      the Liquidity Provider and its subsidiaries as of the date of such report. Since the date of the most recent such Call Report, no transaction or event has occurred and no change has occurred in the condition (financial or otherwise) or operations of
      the Liquidity Provider that would materially and adversely affect its ability to perform its obligations under this Agreement, including, without limitation, the Purchase Obligation.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z5ccc4ed5c9954e89895c25f158e0c937" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805778"></a><font style="font-weight: bold;">SECTION 4.05.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Litigation.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Except as disclosed in a schedule delivered to the Fund prior to the Effective Date, no filed action, suit, proceeding or any commenced investigation actually known to the Liquidity Provider is
      pending against the Liquidity Provider in any court or before any governmental authority in any way contesting or that a reasonably expected adverse decision would affect the validity of this Agreement, including, without limitation, the Purchase
      Obligation.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z0927ce534f4941d9aee36f3470664bfc" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805779"></a><font style="font-weight: bold;">SECTION 4.06.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Consents.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">All consents, licenses, approvals, validations and authorizations of, and registrations, validations or declarations by or with, any court or any regulatory, supervisory or governmental agency,
      bureau or agency required to be obtained in connection with the performance of the Liquidity Provider under this Agreement or the execution, delivery by, or the validity or enforceability against, the Liquidity Provider of this Agreement and the
      other Related Documents to which the Liquidity Provider is a party have been obtained and are in full force and effect.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zf036c0ed40ff40aca5ae53c77acac8a8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805780"></a><font style="font-weight: bold;">SECTION 4.07.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Ranking.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The obligations of the Liquidity Provider hereunder rank pari passu with all other senior unsecured obligations of the Liquidity Provider (other than any such obligations preferred by statute or by
      operation of law).</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">22</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-weight: bold;">ARTICLE V</div>
    <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805781"></a>DUTIES OF THE TENDER AND PAYING AGENT</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z059b99c28bae4672aa9bb8de64814831" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805782"></a><font style="font-weight: bold;">SECTION 5.01.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Duties and Responsibilities.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Tender and Paying Agent is acting solely as agent for the Fund hereunder and owes no duties, fiduciary or otherwise, to any other Person by reason of this Agreement, other than to
      the Liquidity Provider as and to the extent expressly provided for herein.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Tender and Paying Agent undertakes to perform such duties and only such duties as are specifically set forth in this Agreement and no implied covenants or obligations shall be read
      into this Agreement against the Tender and Paying Agent.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the absence of negligence or willful misconduct on its part, the Tender and Paying Agent shall not be liable for any action taken, suffered or omitted by it in the performance of its
      duties under this Agreement. The Tender and Paying Agent shall not be liable for any error of judgment made in good faith unless and to the extent it is negligent in ascertaining the pertinent facts.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z53af6793060d40fa982b2ceb729f482a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805783"></a><font style="font-weight: bold;">SECTION 5.02.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Rights of the Tender and Paying Agent.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Tender and Paying Agent shall not incur liability for following the instructions herein contained or expressly provided for, or written instructions authorized hereby. The Tender and
      Paying Agent may conclusively rely and shall be fully protected in acting or refraining from acting upon any communication authorized hereby and upon any written instruction, notice, request, direction, consent, report, certificate, share certificate
      or other instrument, paper or document, believed by it, in the absence of manifest error or bad faith, to be genuine. The Tender and Paying Agent shall not be liable for acting upon any telephone communication authorized hereby which the Tender and
      Paying Agent reasonably believes in the absence of bad faith to have been given by the Fund, a Holder, a Beneficial Owner, an Agent Member, the Liquidity Provider or the Remarketing Agent. The Tender and Paying Agent may record telephone
      communications with the Fund, the Liquidity Provider and the Remarketing Agent in connection with its duties hereunder.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Tender and Paying Agent may consult with counsel of its choice and the advice or opinion of such counsel shall be full and complete authorization and protection in respect of any
      action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Tender and Paying Agent shall not be required to advance, expend or risk its own funds or otherwise incur or become exposed to financial liability in the performance of its duties
      hereunder.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Tender and Paying Agent may perform its duties and its rights hereunder either directly or by or through agents or attorneys and shall not be responsible for misconduct or negligence
      on the part of any agent or attorney not affiliated with the Tender and Paying Agent appointed by it with due care hereunder. The Tender and Paying Agent shall notify the Fund of the appointment of any such non-affiliated agents or attorneys
      hereunder.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">23</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Anything in this Agreement to the contrary notwithstanding, in no event shall the Tender and Paying Agent be liable for special, indirect, punitive or consequential loss or damage of any
      kind whatsoever (including but not limited to lost profits), even if the Tender and Paying Agent has been advised of the likelihood of such loss or damage and regardless of the form of action.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Tender and Paying Agent shall not be obligated to take any legal action hereunder that might, in its judgment, involve any expenses or liability, unless it has been furnished with
      indemnity reasonably satisfactory to it.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Tender and Paying Agent shall not be responsible or liable for any failure or delay in the performance of its obligations under this Agreement arising out of or caused, directly or
      indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities,
      computer (hardware or software) or communication services; accidents; labor disputes; acts of civil or military authority and governmental action. The Tender and Paying Agent shall use commercially reasonable efforts to commence performance of its
      obligations during any of the foregoing circumstances.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Tender and Paying Agent makes no representation as to, and shall have no liability with respect to, the correctness of the recitals in, or the validity (except as to the due
      authorization and execution by the Tender and Paying Agent of this Agreement), accuracy or adequacy of this Agreement (including any schedules hereto), any VRDP Shares, the Statement of Preferences, any offering material used in connection with the
      offer and sale of any VRDP Shares or any other agreement or instrument executed in connection with the transactions contemplated herein or in any thereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; The permissive right of the Tender and Paying Agent under this Agreement to take or omit to take any action shall not be construed as a duty.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(j)&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; The Tender and Paying Agent may request that the Liquidity Provider deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such time to
      take specified actions pursuant to this Agreement, which certificate may be signed by any Person authorized to sign such a certificate, including any Person specified as so authorized in any such certificate previously delivered and not superseded.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(k)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Unless otherwise mutually agreed in writing between the Liquidity Provider and the Tender and Paying Agent, the Tender and Paying Agent shall have no duty or obligation to pay any
      interest or earnings on or with respect to amounts held or deposited hereunder or to invest any funds deposited with it at any time pursuant to this Agreement. In the event the Liquidity Provider and the Tender and Paying Agent shall otherwise agree,
      any interest or earnings on or with respect to any amount held or deposited hereunder shall be remitted to the Fund in accordance with such agreement. The Tender and Paying Agent shall be under no duty or obligation to collateralize or pledge any
      security therefor, or to segregate any amounts hereunder except as may be required by law; <u>provided</u>, <u>however</u>, that the Tender and Paying Agent shall hold any Purchase Price received from the Liquidity Provider, with respect to VRDP
      Shares subject to purchase pursuant to the Purchase Obligation, or the Remarketing Agent, with respect to VRDP Shares remarketed by the Remarketing Agent, in separate accounts in trust for the benefit of the parties specified in Section 2.02(j) or
      the return of such Purchase Price to the Liquidity Provider or the Remarketing Agent as provided in Section 2.02(j).</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">24</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">(l)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Tender and Paying Agent, in its individual or any other capacity, may become the owner or pledgee of VRDP Shares with the same rights it would have if it were not Tender and Paying
      Agent.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(m)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Nothing contained herein shall be construed to require the Tender and Paying Agent to advance its own funds to any Holder if sufficient funds have not been deposited with the Tender and
      Paying Agent by the Fund for the purpose of making payments hereunder.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(n)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Tender and Paying Agent shall have no duty to examine and shall not be charged with knowledge of the contents of any report, information or document delivered to it hereunder. The
      Tender and Paying Agent shall have no duty to determine the occurrence or continuance of any event or events that constitute a Liquidity Provider Ratings Event, Mandatory Tender Event, Mandatory Purchase Event, Failed Remarketing Condition, Failed
      Remarketing Condition&#8212;Purchased VRDP Shares Redemption or Related Party Termination Event, or to determine whether any agreement satisfies the requirements of an Alternate VRDP Shares Purchase Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(o)&#160;&#160;&#160;&#160; &#160; &#160;&#160; The Tender and Paying Agent has no obligation under the terms of this Agreement or otherwise to enforce any rights or exercise any remedies that may be available to any Holder or
      Beneficial Owner or other Person that arise out of or relate to this Agreement or otherwise.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z437ba6a3dd9541569929dc8c71151f67" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805784"></a><font style="font-weight: bold;">SECTION 5.03.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Tender and Paying Agent&#8217;s Disclaimer.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Tender and Paying Agent makes no representation as to the validity (except as to the due authorization and execution by the Tender and Paying Agent of this Agreement) or adequacy of this
      Agreement or any VRDP Shares issued or to be issued.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="ze4a0b9ec7cd24ea78dbb3b043c0e6e49" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805785"></a><font style="font-weight: bold;">SECTION 5.04.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Concerning the Securities Depository.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; None of the Liquidity Provider or the Tender and Paying Agent shall have any responsibility or obligation to any Beneficial Owner in the Global VRDP Shares, an Agent Member or other
      Person with respect to the accuracy of the records of the Securities Depository or its nominee or of any Agent Member, with respect to any ownership interest in the Global VRDP Shares or with respect to the delivery to any Agent Member, Beneficial
      Owner or other Person (other than the Securities Depository) of any notice (including any Notice of Redemption) or the payment of any amount, under or with respect to such VRDP Shares. All notices and communications to be given to the Holders and all
      payments to be made to Holders under this Agreement or the other Related Documents shall be given or made only to or upon the order of the registered holders (which shall be the Securities Depository or its nominee in the case of Global VRDP Shares).
      The rights of Beneficial Owners in the Global VRDP Shares shall be exercised only through the Securities Depository subject to the applicable procedures of the Securities Depository. The Liquidity Provider and the Tender and Paying Agent shall be
      entitled to rely and shall be fully protected in acting upon information furnished by the Securities Depository with respect to its members, participants and any beneficial owners. The Fund and the Tender and Paying Agent shall be entitled to deal
      with the Securities Depository, and any nominee thereof that is the registered holder of any Global VRDP Shares for all purposes of this Agreement or the other Related Documents relating to such Global VRDP Shares (including the payment of dividends,
      redemption price, if any, and additional amounts, if any, and the giving of instructions or directions by or to the owner or holder of a beneficial ownership interest in such Global VRDP Shares), as the sole holder of such Global VRDP Shares and
      shall have no obligations to the Beneficial Owners thereof. None of the Liquidity Provider or the Tender and Paying Agent shall have any responsibility or liability for any acts or omissions of the Securities Depository with respect to such Global
      VRDP Shares, for the records of the Securities Depository, including records in respect of beneficial ownership interests in respect of any such Global VRDP Shares, for any transactions between the Securities Depository and any Agent Member or
      between or among the Securities Depository, any such Agent Member and/or any holder or owner of a beneficial interest in such Global VRDP Shares, or for any transfers of beneficial interests in any such Global VRDP Shares.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">25</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Tender and Paying Agent shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under the other Related Documents
      or this Agreement or under applicable law with respect to any transfer of any interest in any VRDP Shares (including any transfers between or among Agent Members or Beneficial Owners of interests in any Global VRDP Shares), other than to require
      delivery of such certificates, other documentation or evidence, if any, as are expressly required by, and to do so if and when expressly required by the terms of this Agreement, and to examine the same to determine substantial compliance as to form
      with the express requirements hereof.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE VI</div>
    <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805786"></a>COVENANTS OF THE LIQUIDITY PROVIDER</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider agrees that, so long as there is any Purchase Obligation hereunder or any amount payable hereunder or under any VRDP Shares remains outstanding:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zde8e1f21ab8c400d90137a6aad19f31d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805787"></a><font style="font-weight: bold;">SECTION 6.01.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Fund Insolvency Event.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider agrees to perform all of its obligations hereunder, including the obligation to purchase the VRDP Shares in accordance with Article II herein, notwithstanding a Fund Insolvency
      Event.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z1d36755631984bb7b8d75f1f0f23da33" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805788"></a><font style="font-weight: bold;">SECTION 6.02.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Waiver.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In the event of a termination of this Agreement as a result of a Termination Event, the Liquidity Provider agrees to waive its right with respect to Purchased VRDP Shares to exercise the Purchase
      Obligation provided by any subsequent Liquidity Provider; <u>provided</u>, <u>however</u>, that any Purchased VRDP Shares that are subsequently sold by the Liquidity Provider in a successful Remarketing shall at the time of such sale and thereafter
      have the full benefit of the Purchase Obligation of any subsequent Liquidity Provider; and, <u>provided</u>, <u>further</u>, that any Purchase Obligation of a subsequent Liquidity Provider with respect to the Purchased VRDP Shares shall be on
      parity with the Purchase Obligation of such Liquidity Provider with respect to all other Outstanding VRDP Shares.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">26</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z9f1b7a76a33d4e19a1834414b5c0a2c6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top; font-weight: bold;">SECTION 6.03.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Notice of Extraordinary Corporate Event.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">To the extent permitted under applicable confidentiality restrictions, the Liquidity Provider shall provide (a) written notice of an Extraordinary Corporate Event and (b) the written notice referred
      to in clause (y) in the definition of an Extraordinary Corporate Event, to the Fund at least ten (10) days prior to the scheduled date of the occurrence of an Extraordinary Corporate Event or ten (10) days prior to the scheduled date of the
      applicable listed occurrence in clause (i) of such definition, respectively.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z116a6eda70dd49ab9a2df48a19c9d2ee" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805790"></a><font style="font-weight: bold;">SECTION 6.04.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Additional Information.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">If at any time the Liquidity Provider&#8217;s bank holding company is not furnishing information to the SEC pursuant to Section 13 or 15(d) of the Exchange Act, in order to preserve the exemption for
      resales and transfers under Rule 144A, the Liquidity Provider shall furnish, or cause to be furnished, to Holders and Beneficial Owners of VRDP Shares and prospective purchasers of VRDP Shares, upon request, information with respect to the Liquidity
      Provider satisfying the requirements of subsection (d)(4) of Rule 144A.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">ARTICLE VII</div>
    <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805791"></a>MISCELLANEOUS</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z578b1c91041847ae8875c518f50e19e4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805792"></a><font style="font-weight: bold;">SECTION 7.01.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Resignation or Removal of the Tender and Paying Agent.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Any resignation or removal of the Tender and Paying Agent shall be effective only upon a replacement Tender and Paying Agent entering into a replacement of this Agreement with the Liquidity Provider.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z9a865dafbec74aac9a6edc01f26cd2a6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805793"></a><font style="font-weight: bold;">SECTION 7.02.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Notices.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">All notices, requests and other communications to the Liquidity Provider shall be in writing (including telecopy, electronic mail or similar writing), except in the case of notices and other
      communications permitted to be given by telephone, and shall be given to such party at its address or telecopy number or email address set forth below or to such other Person and/or such other address or telecopy number or email address as such party
      may hereafter specify for the purpose by notice to the other party. All notices, requests, demands and communications to be delivered to the Tender and Paying Agent shall be sent by Electronic Means to the attention of the Tender and Paying Agent at
      the office of the Tender and Paying Agent as set forth below or to such other Persons and/or such other addresses, telecopy numbers or email addresses as such party may hereafter specify for the purpose of notice to the other party. Each such notice,
      request or other communication shall be effective (i) if given by mail, upon receipt, or (ii) if given by any other means, when delivered at the address specified in this Section. The notice address for each party is specified below:</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">27</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z56a41d010af345cab40e37b4a85fee33" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;">
            <div style="text-align: justify;">(a)</div>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="text-align: justify;">if to the Liquidity Provider:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 70%; vertical-align: top;">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;" rowspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1" rowspan="1">&#160;</td>
          <td style="width: 4%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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          <td style="width: 14%; vertical-align: top;" colspan="1">&#160;</td>
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            <div>monika.kozdra@bnymellon.com</div>
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          <td style="width: 18%; vertical-align: top;">&#160;</td>
          <td style="width: 12%; vertical-align: top;">&#160;</td>
          <td style="width: 70%; vertical-align: top;">&#160;</td>
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    <div style="text-align: justify; text-indent: 36pt;">Any payments required to be made by either party to the other, or any VRDP Shares required to be delivered by the Tender and Paying Agent to the Liquidity Provider, unless otherwise provided in a
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    <div>&#160;</div>
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      Shares or any other Related Document shall affect the rights, powers or privileges of the Liquidity Provider hereunder or thereunder or shall operate as a limitation or waiver thereof. The rights and remedies herein provided shall be cumulative and
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    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Any provision of this Agreement may be amended or waived with the consent of the Fund if, but only if, such amendment or waiver is in writing and is signed by the Tender and Paying Agent and the
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    <div style="text-align: justify; text-indent: 36pt;">The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Neither party hereto may assign or otherwise
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    <div>&#160;</div>
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      Liquidity Provider Ratings Event or (ii) this Agreement shall terminate prior to the Scheduled Termination Date (as such date may be extended in accordance with Section 2.03 hereof) as of a Related Party Termination Date upon the occurrence of a
      Related Party Termination Event. The Liquidity Provider will use reasonable efforts to notify the Tender and Paying Agent and the Fund as soon as practicable at any time the Liquidity Provider believes it is highly likely a Related Party Termination
      Event will occur.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; No expiration or termination of this Agreement shall be effective, so long as VRDP Shares are Outstanding, until the completion of a Mandatory Purchase in respect thereof, if then
      required under the Statement of Preferences including the purchase by the Liquidity Provider of any VRDP Shares required to be purchased by it as a result thereof pursuant to this Agreement.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805798"></a><font style="font-weight: bold;">SECTION 7.07.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">New York Law.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This Agreement shall be construed in accordance with and governed by the laws of the State of New York, without regard to conflicts of laws principles that would require the application of the laws
      of another jurisdiction.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">THE PARTIES HERETO HEREBY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE FEDERAL AND NEW YORK STATE COURTS LOCATED IN THE CITY OF NEW YORK AND ANY APPELLATE COURT FROM ANY THEREOF IN CONNECTION WITH
      ANY DISPUTE RELATED TO THIS AGREEMENT OR ANY MATTERS CONTEMPLATED HEREBY.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top; font-weight: bold;">SECTION 7.08.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Waiver of Jury Trial.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Each of the Tender and Paying Agent, the Liquidity Provider and each third party beneficiary of this Agreement hereby waives trial by jury in any action, proceeding or counterclaim brought by any of
      the parties hereto or beneficiaries hereof against the other on any matters whatsoever arising out of or in any way connected with this Agreement.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805800"></a><font style="font-weight: bold;">SECTION 7.09.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Counterparts.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The exchange of copies of this Agreement and of signature pages that are executed by manual signatures that are scanned, photocopied or faxed or by other electronic signing created on an electronic
      platform (such as DocuSign) or by digital signing (such as Adobe Sign) that is approved by the Tender and Paying Agent, shall constitute effective execution and delivery of this Agreement for all purposes. Signatures of the parties hereto that are
      executed by manual signatures that are scanned, photocopied or faxed or by other electronic signing created on an electronic platform (such as DocuSign) or by digital signing (such as Adobe Sign) that is approved by the Tender and Paying Agent shall
      be deemed to be their original signatures for all purposes of this Amendment as to the parties hereto and may be used in lieu of the original.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Anything in the Agreement or the VRDP Shares to the contrary notwithstanding, for the purposes of the transactions contemplated by the Agreement, the VRDP Shares and any document to be signed in
      connection with the Agreement (including the VRDP Shares and amendments, supplements, waivers, consents and other modifications and issuance and delivery documents) or the transactions contemplated hereby may be signed by manual signatures that are
      scanned, photocopied or faxed or other electronic signatures created on an electronic platform (such as DocuSign) or by digital signature (such as Adobe Sign) that is approved by the Tender and Paying Agent, and contract formations on electronic
      platforms approved by the Tender and Paying Agent, and the keeping of records in electronic form, are hereby authorized, and each shall be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a
      paper-based recordkeeping system, as the case may be.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805801"></a><font style="font-weight: bold;">SECTION 7.10.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Beneficiaries.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This Agreement is not intended and shall not be construed to confer upon any Person other than the parties hereto and their successors and permitted assigns any rights or remedies hereunder, except
      that the agreement of the Liquidity Provider to purchase VRDP Shares in accordance with the terms and conditions of this Agreement is made for the benefit of the Holders and Beneficial Owners from time to time of the VRDP Shares and shall be directly
      enforceable by the Holders or Beneficial Owners against the Liquidity Provider.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805802"></a><font style="font-weight: bold;">SECTION 7.11.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Entire Agreement.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This Agreement shall constitute the entire agreement and understanding between the parties hereto with respect to the matters set forth herein and shall supersede any and all prior agreements and
      understandings relating to the subject matter hereof.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top; font-weight: bold;">SECTION 7.12.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Regulatory Matters.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Each party hereto acknowledges and agrees that it shall not be a condition precedent to the Purchase Obligation that any seller of VRDP Shares demonstrate or account for any loss.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805804"></a><font style="font-weight: bold;">SECTION 7.13.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Severability.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">If any clause, provision or section hereof shall be ruled invalid or unenforceable by any court of competent jurisdiction, the invalidity or unenforceability of such clause, provision or section
      shall not affect any of the remaining clauses, provisions or sections hereof.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805805"></a><font style="font-weight: bold;">SECTION 7.14.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Articles and Section Headings.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Articles and Section headings and the Table of Contents herein are for convenience of reference only, and shall not affect the construction, or limit or otherwise affect the meaning hereof.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805806"></a><font style="font-weight: bold;">SECTION 7.15.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Nonpetition Covenant&#8212;Liquidity Provider.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Notwithstanding any prior termination of this Agreement, Bank of America, N.A., solely in its capacity as Liquidity Provider, hereby covenants and agrees that it shall not, prior to the date which is
      one (1) year and one (1) day after the redemption and the payment in full of the VRDP Shares and all accumulated dividends, petition or otherwise invoke the process of any court or government authority for the purpose of commencing a case against the
      Fund under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Fund or any substantial part of the property of the Fund; <u>provided,

        however,</u> that nothing in this provision shall preclude, or be deemed to stop, the Liquidity Provider from taking any action prior to the expiration of the aforementioned one (1) year and one (1) day period (x) in any case or proceeding
      voluntarily filed or commenced by the Fund, (y) in any involuntary insolvency proceeding filed or commenced against the Fund by a Person other than the Liquidity Provider, or (z) with respect to its rights or preferences as a Beneficial Owner or
      Holder of VRDP Shares.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805807"></a><font style="font-weight: bold;">SECTION 7.16.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Nonpetition Covenant&#8212;Tender and Paying Agent.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Notwithstanding any prior termination of this Agreement, The Bank of New York Mellon, solely in its capacity as Tender and Paying Agent, hereby covenants and agrees that it shall not, prior to the
      date which is one (1) year and one (1) day after the redemption and the payment in full of the VRDP Shares and all accumulated dividends, petition or otherwise invoke process of any court or government authority for the purpose of commencing a case
      against, the Fund under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Fund or any substantial part of the property of the
      Fund; provided, however, that nothing in this provision shall preclude, or be deemed to stop, the Tender and Paying Agent from taking any action prior to the expiration of the aforementioned one (1) year and one (1) day period (x) in any case or
      proceeding voluntarily filed or commenced by the Fund, (y) in any involuntary insolvency proceeding filed or commenced against the Fund by a Person other than the Tender and Paying Agent, or (z)&#160;with respect to its rights or preferences as a
      Beneficial Owner or Holder of VRDP Shares.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">32</font></div>
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    </div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top; font-weight: bold;">SECTION 7.17.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Patriot Act Compliance.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities
      and money laundering and the Customer Identification Program (&#8220;<font style="font-weight: bold;">CIP</font>&#8221;) requirements under the USA PATRIOT Act and its implementing regulations, pursuant to which the Tender and Paying Agent must obtain, verify
      and record information that allows the Tender and Paying Agent to identify customers (&#8220;<font style="font-weight: bold;">Applicable Law</font>&#8221;), the Tender and Paying Agent is required to obtain, verify and record certain information relating to
      individuals and entities which maintain a business relationship with the Tender and Paying Agent. Accordingly, the Liquidity Provider agrees to provide to the Tender and Paying Agent upon its request from time to time such identifying information and
      documentation as may be available for such party in order to enable the Tender and Paying Agent to comply with Applicable Law, including, but not limited to, information as to name, physical address, tax identification number and other information
      that will help the Tender and Paying Agent to identify and verify the Liquidity Provider, such as organizational documents, certificates of good standing, licenses to do business or other pertinent identifying information.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 90pt; vertical-align: top;"><a name="z_Toc57805809"></a><font style="font-weight: bold;">SECTION 7.18.</font></td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Information Sharing.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Tender and Paying Agent is a global financial organization that operates in and provides services and products to clients through its affiliates and subsidiaries located in multiple jurisdictions
      (the &#8220;<font style="font-weight: bold;">BNY Mellon Group</font>&#8221;). The BNY Mellon Group may (i) centralize in one or more affiliates and subsidiaries certain activities (the &#8220;<font style="font-weight: bold;">Centralized Functions</font>&#8221;), including
      audit, accounting, administration, risk management, legal, compliance, sales, product communication, relationship management, and the compilation and analysis of information and data regarding the Liquidity Provider (which, for purposes of this
      provision, includes the name and business contact information for the Liquidity Provider employees and representatives) and the accounts established pursuant to this Agreement (&#8220;<font style="font-weight: bold;">Liquidity Provider Information</font>&#8221;)
      and (ii) use third party service providers to store, maintain and process the Liquidity Provider Information (&#8220;<font style="font-weight: bold;">Outsourced Functions</font>&#8221;). Notwithstanding anything to the contrary contained elsewhere in this
      Agreement and solely in connection with the Centralized Functions and/or Outsourced Functions, the Liquidity Provider consents to the disclosure of, and authorizes the Tender and Paying Agent to disclose, the Liquidity Provider Information to (i)
      other members of the BNY Mellon Group (and their respective officers, directors and employees) and to (ii) third-party service providers (but solely in connection with Outsourced Functions) who are required to maintain the confidentiality of the
      Liquidity Provider Information. In addition, the BNY Mellon Group may aggregate the Liquidity Provider Information with other data collected and/or calculated by the BNY Mellon Group, and the BNY Mellon Group will own all such aggregated data,
      provided that the BNY Mellon Group shall not distribute the aggregated data in a format that identifies the Liquidity Provider Information with the Liquidity Provider specifically. The Liquidity Provider represents that the Liquidity Provider is
      authorized to consent to the foregoing and that the disclosure of the Liquidity Provider Information in connection with the Centralized Functions and/or Outsourced Functions does not violate any relevant data protection legislation. The Liquidity
      Provider also consents to the disclosure of the Liquidity Provider Information to governmental and regulatory authorities in jurisdictions where the BNY Mellon Group operates and otherwise as required by law.</div>
    <div>&#160;</div>
    <div style="text-align: center;">[Signature Page Follows]<br>
      <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">33</font></div>
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    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">IN WITNESS WHEREOF, </font><font style="font-size: 10pt;">the parties hereto have caused this Agreement to be duly executed by
        their respective authorized officers as of the day and year first above written.</font></div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z933c73ce30e144e19f603530206db067" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div style="font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">THE BANK OF NEW YORK MELLON</font><font style="font-size: 10pt;">,</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div>as Tender and Paying Agent</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div>/s/ <font style="color: rgb(35, 31, 32);">Glenn G. McKeever</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Glenn G. McKeever</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Vice President</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 50%; vertical-align: top;"><br>
          </td>
          <td rowspan="1" style="vertical-align: top;" colspan="3"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div style="font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">BANK OF AMERICA, N.A.</font><font style="font-size: 10pt;">,</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="3">
            <div>as Liquidity Provider</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;"><br>
          </td>
          <td style="width: 42%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
            <div>/s/ Michael Jentis</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Michael Jentis</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 42%; vertical-align: top;">
            <div>Managing Director</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div>
      <div style="text-align: center;">Signature Page to BNY Purchase Agreement</div>
      <div>&#160;</div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    <!--PROfilePageNumberReset%Num%1%Schedule I - %%-->
    <div style="text-align: center; font-weight: bold; text-transform: uppercase;">Schedule I</div>
    <div style="text-align: center;">&#160; <br>
    </div>
    <div style="text-align: center; font-weight: bold;">DESCRIPTION OF MUNICIPAL BONDS</div>
    <div>&#160;</div>
    <div style="text-align: justify;">The description of Municipal Bonds herein may be amended or supplemented from time to time by any Remarketing Memorandum, the Remarketing Materials and other information of the Fund that were prepared and made publicly
      available by the Fund (&#8220;Publicly Available Information&#8221;). Any amendments, supplements or modifications to the information herein in any Remarketing Memorandum, the Remarketing Materials and Publicly Available Information after the date hereof shall
      be incorporated in this Schedule II by reference with the same force and effect as though fully set forth herein.</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">Investment Objective and Policies</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund&#8217;s investment objective is to provide current income exempt from regular U.S. federal income tax and New York State and New York City personal income taxes. The Fund&#8217;s investment policies
      provide that, as a matter of fundamental policy, under normal market conditions, the Fund will invest at least 80% of its managed assets in investments the income from which is exempt from federal income tax and New York State and New York City
      personal income taxes <font style="font-style: italic;">(except that interest may be subject to the alternative minimum tax)</font>. For the purposes of the foregoing policy, &#8220;managed assets&#8221; are the Fund&#8217;s net assets plus borrowings for investment
      purposes. The Fund may not change its investment objective or the foregoing fundamental policy without the approval of the holders of a majority of the Fund&#8217;s outstanding common shares and the outstanding preferred shares voting together as a single
      class, and of the holders of a majority of the outstanding preferred shares voting as a separate class. A majority of the outstanding means (1) 67% or more of the shares present at a meeting, if the holders of more than 50% of the outstanding shares
      are present or represented by proxy, or (2) more than 50% of the outstanding shares, whichever is less..</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund&#8217;s investment policies provide that, under normal market conditions, the Fund will invest at least 80% of its total assets in investment grade quality municipal bonds. Investment grade
      quality means that such bonds are rated, at the time of investment, within the four highest rating categories of Moody&#8217;s (currently Aaa, Aa, A and Baa), S&amp;P Global Ratings (&#8220;S&amp;P&#8221;) (currently AAA, AA, A and BBB) or Fitch (currently AAA, AA, A
      and BBB) or are unrated but judged to be of comparable quality by the Investment Adviser. Municipal bonds rated Baa by Moody&#8217;s are investment grade, but Moody&#8217;s considers municipal bonds rated Baa to have speculative characteristics. Changes in
      economic conditions or other circumstances are more likely to lead to a weakened capacity for issuers of municipal bonds that are rated BBB or Baa (or that have equivalent ratings) to make principal and interest payments than is the case for issuers
      of higher grade municipal bonds. In the case of short-term notes, the investment grade rating categories are SP-1+ through SP-2 for S&amp;P, MIG-1 through MIG-3 for Moody&#8217;s and F-1+ through F-3 for Fitch. In the case of tax exempt commercial paper,
      the investment grade rating categories are A-1+ through A-3 for S&amp;P, Prime-1 through Prime-3 for Moody&#8217;s and F-1+ through F-3 for Fitch. Obligations ranked in the lowest investment grade rating category (BBB, SP-2 and A-3 for S&amp;P; Baa, MIG-3
      and Prime-3 for Moody&#8217;s and BBB and F-3 for Fitch), while considered &#8220;investment grade,&#8221; may have certain speculative characteristics. There may be sub-categories or gradations indicating relative standing within the rating categories set forth
      above. In assessing the quality of municipal bonds with respect to the foregoing requirements, the Investment Adviser takes into account the nature of any letters of credit or similar credit enhancement to which particular municipal bonds are
      entitled and the creditworthiness of the financial institution that provided such credit enhancement.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 1</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may invest up to 20% of its total assets in municipal bonds that are rated, at the time of investment, Ba/BB or B by Moody&#8217;s, S&amp;P or Fitch or that are unrated but judged to be of
      comparable quality by the Investment Adviser. Such securities are sometimes referred to as &#8220;high yield&#8221; or &#8220;junk&#8221; bonds.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The foregoing credit quality policies apply only at the time a security is purchased, and the Fund is not required to dispose of a security if a rating agency downgrades its assessment of the credit
      characteristics of a particular issue. In determining whether to retain or sell a security that a rating agency has downgraded, the Investment Adviser may consider such factors as the Investment Adviser&#8217;s assessment of the credit quality of the
      issuer of the security, the price at which the security could be sold and the rating, if any, assigned to the security by other rating agencies. In the event that the Fund disposes of a portfolio security subsequent to its being downgraded, the Fund
      may experience a greater risk of loss than if such security had been sold prior to such downgrade.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Subject to the Fund&#8217;s policy of investing, under normal market conditions, at least 80% of its managed assets (as defined for this policy) in investments the income from which is exempt from federal
      income tax and New York City and New York State personal income taxes, the Fund may invest in securities that pay interest that is not exempt from New York City and New York State personal income taxes when, in the judgment of the Investment Adviser,
      the return to the shareholders after payment of applicable New York City and New York State personal income taxes would be higher than the return available from comparable securities that pay interest that is, or make other distributions that are,
      exempt from New York City and New York State personal income taxes.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may also invest in securities of other open- or closed-end investment companies that invest primarily in municipal bonds of the types in which the Fund may invest directly and in tax-exempt
      preferred shares that pay dividends that are exempt from regular federal income tax. See &#8220;&#8212;Other Investment Companies,&#8221; and &#8220;&#8212;Tax-Exempt Preferred Shares.&#8221; In addition, the Fund may purchase municipal bonds that are additionally secured by insurance,
      bank credit agreements or escrow accounts. The credit quality of companies which provide these credit enhancements will affect the value of those securities. Although the insurance feature reduces certain financial risks, the premiums for insurance
      and the higher market price paid for insured obligations may reduce the Fund&#8217;s income. The insurance feature does not guarantee the market value of the insured obligations or the net asset value of the common shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may invest in certain tax exempt securities classified as &#8220;private activity bonds&#8221; (or industrial development bonds, under pre-1986 law) (in general, bonds that benefit non-governmental
      entities) that may subject certain investors in the Fund to an alternative minimum tax. The percentage of the Fund&#8217;s total assets invested in private activity bonds will vary from time to time. The Fund has not established any limit on the percentage
      of its portfolio that may be invested in municipal bonds subject to the alternative minimum tax provisions of federal tax law, and the Fund expects that a portion of the income it produces will be includable in alternative minimum taxable income.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 2</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">The average maturity of the Fund&#8217;s portfolio securities varies from time to time based upon an assessment of economic and market conditions by the Investment Adviser. The Fund&#8217;s portfolio at any
      given time may include both long-term and intermediate-term municipal bonds.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund&#8217;s stated expectation is that it will invest in municipal bonds that, in the Investment Adviser&#8217;s opinion, are underrated or undervalued. Underrated municipal bonds are those whose ratings do
      not, in the opinion of the Investment Adviser, reflect their true higher creditworthiness. Undervalued municipal bonds are bonds that, in the opinion of the Investment Adviser, are worth more than the value assigned to them in the marketplace. The
      Investment Adviser may at times believe that bonds associated with a particular municipal market sector (for example, but not limited to electric utilities), or issued by a particular municipal issuer, are undervalued. The Investment Adviser may
      purchase those bonds for the Fund&#8217;s portfolio because they represent a market sector or issuer that the Investment Adviser considers undervalued, even if the value of those particular bonds appears to be consistent with the value of similar bonds.
      Municipal bonds of particular types (for example, but not limited to hospital bonds, industrial revenue bonds or bonds issued by a particular municipal issuer) may be undervalued because there is a temporary excess of supply in that market sector, or
      because of a general decline in the market price of municipal bonds of the market sector for reasons that do not apply to the particular municipal bonds that are considered undervalued. The Fund&#8217;s investment in underrated or undervalued municipal
      bonds will be based on the Investment Adviser&#8217;s belief that their yield is higher than that available on bonds bearing equivalent levels of interest rate risk, credit risk and other forms of risk, and that their prices will ultimately rise, relative
      to the market, to reflect their true value. Any capital appreciation realized by the Fund will generally result in capital gain distributions subject to federal capital gains taxation. The Fund ordinarily does not intend to realize significant
      investment income not exempt from federal income tax. From time to time, the Fund may realize taxable capital gains.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Description of Municipal Bonds</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Municipal bonds include debt obligations issued to obtain funds for various public purposes, including the construction of a wide range of public facilities, refunding of outstanding obligations and
      obtaining funds for general operating expenses and loans to other public institutions and facilities. In addition, certain types of private activity bonds (&#8220;PABs&#8221;) are issued by or on behalf of public authorities to finance various privately owned or
      operated facilities, including among other things, airports, public ports, mass commuting facilities, multi-family housing projects, as well as facilities for water supply, gas, electricity, sewage or solid waste disposal and other specialized
      facilities. Other types of PABs, the proceeds of which are used for the construction, equipment or improvement of privately operated industrial or commercial facilities, may constitute municipal bonds. The interest on municipal bonds may bear a fixed
      rate or be payable at a variable or floating rate. The two principal classifications of municipal bonds are &#8220;general obligation&#8221; bonds and &#8220;revenue&#8221; bonds, which latter category includes PABs and, for bonds issued on or before August 15, 1986,
      industrial development bonds. Municipal bonds typically are issued to finance public projects, such as roads or public buildings, to pay general operating expenses or to refinance outstanding debt. Municipal bonds may also be issued for private
      activities, such as housing, medical and educational facility construction, or for privately owned industrial development and pollution control projects. General obligation bonds are backed by the full faith and credit, or taxing authority, of the
      issuer and may be repaid from any revenue source. Revenue bonds may be repaid only from the revenues of a specific facility or source. Municipal bonds may be issued on a long-term basis to provide permanent financing. The repayment of such debt may
      be secured generally by a pledge of the full faith and credit taxing power of the issuer, a limited or special tax, or any other revenue source, including project revenues, which may include tolls, fees and other user charges, lease payments and
      mortgage payments. Municipal bonds may also be issued to finance projects on a short-term interim basis, anticipating repayment with the proceeds of the later issuance of long-term debt.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 3</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">The municipal bonds in which the Fund invests are generally issued by the State of New York, political subdivisions of the State of New York, and authorities or other intermediaries of the State of
      New York and such political subdivisions and pay interest that, in the opinion of bond counsel to the issuer, or on the basis of another authority believed by the Investment Adviser to be reliable, is exempt from regular federal income tax and New
      York City and New York State personal income taxes. The Investment Adviser will not conduct their own analysis of the tax status of the interest paid by municipal bonds held by the Fund. The Fund may also invest in municipal bonds issued by United
      States Territories (such as Puerto Rico or Guam) that are exempt from regular federal income tax and New York City and New York State personal income taxes. In addition to the types of municipal bonds described in this Information Statement, the Fund
      may invest in other securities that pay interest that is, or make other distributions that are, exempt from regular federal income tax and/or state and local personal taxes, regardless of the technical structure of the issuer of the instrument. The
      Fund treats all of such tax-exempt securities as municipal bonds.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The yields on municipal bonds are dependent on a variety of factors, including prevailing interest rates and the condition of the general money market and the municipal bond market, the size of a
      particular offering, the maturity of the obligation and the rating of the issue. The market value of municipal bonds will vary with changes in interest rate levels and as a result of changing evaluations of the ability of bond issuers to meet
      interest and principal payments.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund has not established any limit on the percentage of its portfolio that may be invested in PABs. The Fund may not be a suitable investment for investors who are already subject to the federal
      alternative minimum tax or who would become subject to the federal alternative minimum tax as a result of an investment in the Fund&#8217;s common shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">General Obligation Bonds</font><font style="font-size: 10pt;">. General obligation bonds are typically secured by the issuer&#8217;s
        pledge of faith, credit and taxing power for the repayment of principal and the payment of interest. The taxing power of any governmental entity may be limited, however, by provisions of its state constitution or laws, and an entity&#8217;s
        creditworthiness will depend on many factors, including potential erosion of its tax base due to population declines, natural disasters, declines in the state&#8217;s industrial base or inability to attract new industries, economic limits on the ability
        to tax without eroding the tax base, state legislative proposals or voter initiatives to limit ad valorem real property taxes and the extent to which the entity relies on federal or state aid, access to capital markets or other factors beyond the
        state&#8217;s or entity&#8217;s control. Accordingly, the capacity of the issuer of a general obligation bond as to the timely payment of interest and the repayment of principal when due is affected by the issuer&#8217;s maintenance of its tax base.</font></div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 4</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Revenue Bonds</font><font style="font-size: 10pt;">. Revenue or special obligation bonds are typically payable only from the
        revenues derived from a particular facility or class of facilities or, in some cases, from the proceeds of a special excise tax or other specific revenue sources such as payments from the user of the facility being financed. Accordingly, the timely
        payment of interest and the repayment of principal in accordance with the terms of the revenue or special obligation bond is a function of the economic viability of such facility or such revenue source. Revenue bonds issued by state or local
        agencies to finance the development of low-income, multi-family housing involve special risks in addition to those associated with municipal securities generally, including that the underlying properties may not generate sufficient income to pay
        expenses and interest costs. Such bonds are generally non-recourse against the property owner, may be junior to the rights of others with an interest in the properties, may pay interest that changes based in part on the financial performance of the
        property, may be prepayable without penalty and may be used to finance the construction of housing developments which, until completed and rented, do not generate income to pay interest. Increases in interest rates payable on senior obligations may
        make it more difficult for issuers to meet payment obligations on subordinated bonds.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Municipal Notes</font><font style="font-size: 10pt;">. Municipal notes are shorter term municipal debt obligations. They may
        provide interim financing in anticipation of tax collection, bond sales or revenue receipts. If there is a shortfall in the anticipated proceeds, repayment on the note may be delayed or the note may not be fully repaid, and the Fund may lose money.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Municipal Commercial Paper. </font><font style="font-size: 10pt;">Municipal commercial paper is generally unsecured and issued to
        meet short-term financing needs. The lack of security presents some risk of loss to the Fund since, in the event of an issuer&#8217;s bankruptcy, unsecured creditors are repaid only after the secured creditors out of the assets, if any, that remain.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">PABs. </font><font style="font-size: 10pt;">The Fund may purchase municipal bonds classified as PABs. Interest received on certain
        PABs is treated as an item of &#8220;tax preference&#8221; for purposes of the federal alternative minimum tax and may impact the overall tax liability of certain investors in the Fund. PABs, formerly referred to as industrial development bonds, are issued by,
        or on behalf of, states, municipalities or public authorities to obtain funds to provide privately operated housing facilities, airport, mass transit or port facilities, sewage disposal, solid waste disposal or hazardous waste treatment or disposal
        facilities and certain local facilities for water supply, gas or electricity. Other types of PABs, the proceeds of which are used for the construction, equipment, repair or improvement of privately operated industrial or commercial facilities, may
        constitute municipal bonds, although the federal tax laws may place substantial limitations on the size of such issues. Such bonds are secured primarily by revenues derived from loan repayments or lease payments due from the entity which may or may
        not be guaranteed by a parent company or otherwise secured. PABs generally are not secured by a pledge of the taxing power of the issuer of such bonds. Therefore, an investor should be aware that repayment of such bonds generally depends on the
        revenues of a private entity and be aware of the risks that such an investment may entail. The continued ability of an entity to generate sufficient revenues for the payment of principal and interest on such bonds will be affected by many factors
        including the size of the entity, capital structure, demand for its products or services, competition, general economic conditions, government regulation and the entity&#8217;s dependence on revenues for the operation of the particular facility being
        financed.</font></div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 5</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Moral Obligation Bonds. </font><font style="font-size: 10pt;">Municipal bonds may also include &#8220;moral obligation&#8221; bonds, which are
        normally issued by special purpose public authorities. If an issuer of moral obligation bonds is unable to meet its obligations, the repayment of such bonds becomes a moral commitment but not a legal obligation of the state or municipality in
        question.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Municipal Lease Obligations.</font><font style="font-size: 10pt;"> Also included within the general category of municipal bonds are
        certificates of participation (&#8220;COPs&#8221;) issued by government authorities or entities to finance the acquisition or construction of equipment, land and/or facilities. COPs represent participations in a lease, an installment purchase contract or a
        conditional sales contract (hereinafter collectively called &#8220;lease obligations&#8221;) relating to such equipment, land or facilities. Municipal leases, like other municipal debt obligations, are subject to the risk of non-payment. Although lease
        obligations do not constitute general obligations of the issuer for which the issuer&#8217;s unlimited taxing power is pledged, a lease obligation is frequently backed by the issuer&#8217;s covenant to budget for, appropriate and make the payments due under
        the lease obligation. However, certain lease obligations contain &#8220;non-appropriation&#8221; clauses which provide that the issuer has no obligation to make lease or installment purchase payments in future years unless money is appropriated for such
        purpose on a yearly basis. Although &#8220;non-appropriation&#8221; lease obligations are secured by the leased property, disposition of the property in the event of foreclosure might prove difficult and the value of the property may be insufficient to issue
        lease obligations. Certain investments in lease obligations may be illiquid. The ability of issuers of municipal leases to make timely lease payments may be adversely impacted in general economic downturns and as relative governmental cost burdens
        are allocated and reallocated among federal, state and local governmental units. Such non-payment would result in a reduction of income to the Fund, and could result in a reduction in the value of the municipal lease experiencing non-payment and a
        potential decrease in the NAV of the Fund. Issuers of municipal lease obligations might seek protection under the bankruptcy laws. In the event of bankruptcy of such an issuer, the Fund could experience delays and limitations with respect to the
        collection of principal and interest on such municipal leases and the Fund may not, in all circumstances, be able to collect all principal and interest to which it is entitled. To enforce its rights in the event of a default in lease payments, the
        Fund might take possession of and manage the assets securing the issuer&#8217;s obligations on such securities, which may increase the Fund&#8217;s operating expenses and adversely affect the NAV of the Fund. When the lease contains a non-appropriation clause,
        however, the failure to pay would not be a default and the Fund would not have the right to take possession of the assets. Any income derived from the Fund&#8217;s ownership or operation of such assets may not be tax-exempt or may fail to generate
        qualifying income for purposes of the income tests applicable to regulated investment companies. In addition, the Fund&#8217;s intention to qualify as a regulated investment company under the Internal Revenue Code of 1986, may limit the extent to which
        the Fund may exercise its rights by taking possession of such assets, because as a regulated investment company the Fund is subject to certain limitations on its investments and on the nature of its income.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Zero Coupon Bonds</font><font style="font-size: 10pt;">. Municipal bonds may include zero-coupon bonds. Zero-coupon bonds are
        securities that are sold at a discount to par value and do not pay interest during the life of the security. The discount approximates the total amount of interest the security will accrue and compound over the period until maturity at a rate of
        interest reflecting the market rate of the security at the time of issuance. Upon maturity, the holder of a zero-coupon bond is entitled to receive the par value of the security.</font></div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 6</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">While interest payments are not made on such securities, holders of such securities are deemed to have received income (&#8220;phantom income&#8221;) annually, notwithstanding that cash may not be received
      currently. The effect of owning instruments that do not make current interest payments is that a fixed yield is earned not only on the original investment but also, in effect, on all discount accretion during the life of the obligations. This
      implicit reinvestment of earnings at a fixed rate eliminates the risk of being unable to invest distributions at a rate as high as the implicit yield on the zero-coupon bond, but at the same time eliminates the holder&#8217;s ability to reinvest at higher
      rates in the future. For this reason, some of these securities may be subject to substantially greater price fluctuations during periods of changing market interest rates than are comparable securities that pay interest currently. Longer term
      zero-coupon bonds are more exposed to interest rate risk than shorter term zero-coupon bonds. These investments benefit the issuer by mitigating its need for cash to meet debt service, but also require a higher rate of return to attract investors who
      are willing to defer receipt of cash.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund accrues income with respect to these securities for U.S. federal income tax and accounting purposes prior to the receipt of cash payments. Zero-coupon bonds may be subject to greater
      fluctuation in value and less liquidity in the event of adverse market conditions than comparably rated securities that pay cash interest at regular intervals.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Further, to maintain its qualification for pass-through treatment under the federal tax laws, the Fund is required to distribute income to its shareholders and, consequently, may have to dispose of
      other, more liquid portfolio securities under disadvantageous circumstances or may have to leverage itself by borrowing in order to generate the cash to satisfy these distributions. The required distributions may result in an increase in the Fund&#8217;s
      exposure to zero-coupon bonds.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In addition to the above-described risks, there are certain other risks related to investing in zero-coupon bonds. During a period of severe market conditions, the market for such securities may
      become even less liquid. In addition, as these securities do not pay cash interest, the Fund&#8217;s investment exposure to these securities and their risks, including credit risk, will increase during the time these securities are held in the Fund&#8217;s
      portfolio.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Pre-Refunded Municipal Securities. </font><font style="font-size: 10pt;">The principal of, and interest on, pre-refunded municipal
        securities are no longer paid from the original revenue source for the securities. Instead, the source of such payments is typically an escrow fund consisting of U.S. Government securities. The assets in the escrow fund are derived from the
        proceeds of refunding bonds issued by the same issuer as the pre-refunded municipal securities. Issuers of municipal securities use this advance refunding technique to obtain more favorable terms with respect to securities that are not yet subject
        to call or redemption by the issuer. For example, advance refunding enables an issuer to refinance debt at lower market interest rates, restructure debt to improve cash flow or eliminate restrictive covenants in the indenture or other governing
        instrument for the pre-refunded municipal securities.<br>
        <br>
      </font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 7</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;However, except for a change in the revenue source from which principal and interest payments are made, the pre-refunded municipal securities remain outstanding on their original terms until they
      mature or are redeemed by the issuer.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Special Taxing Districts. </font><font style="font-size: 10pt;">Special taxing districts are organized to plan and finance
        infrastructure developments to induce residential, commercial and industrial growth and redevelopment. The bond financing methods such as tax increment finance, tax assessment, special services district and Mello-Roos bonds (a type of municipal
        security established by the Mello-Roos Community Facilities Act of 1982), are generally payable solely from taxes or other revenues attributable to the specific projects financed by the bonds without recourse to the credit or taxing power of
        related or overlapping municipalities. They often are exposed to real estate development-related risks and can have more taxpayer concentration risk than general tax-supported bonds, such as general obligation bonds. Further, the fees, special
        taxes, or tax allocations and other revenues that are established to secure such financings are generally limited as to the rate or amount that may be levied or assessed and are not subject to increase pursuant to rate covenants or municipal or
        corporate guarantees. The bonds could default if development failed to progress as anticipated or if larger taxpayers failed to pay the assessments, fees and taxes as provided in the financing plans of the districts.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Variable Rate Demand Obligations</font><font style="font-size: 10pt;">. Municipal bonds may include Variable Rate Demand
        Obligations (&#8220;VRDOs&#8221;), which are tax-exempt obligations that contain a floating or variable interest rate adjustment formula and right of demand on the part of the holder thereof to receive payment of the unpaid principal balance plus accrued
        interest upon a short notice period not to exceed seven days. There is, however, the possibility that because of default or insolvency the demand feature of VRDOs may not be honored. The interest rates are adjustable at intervals (ranging from
        daily to up to one year) to some prevailing market rate for similar investments, such adjustment formula being calculated to maintain the market value of the VRDOs, at approximately the par value of the VRDOs on the adjustment date. The adjustments
        typically are based upon SIFMA Municipal Swap Index or some other appropriate interest rate adjustment index. The Fund may invest in all types of tax-exempt instruments currently outstanding or to be issued in the future which satisfy its
        short-term maturity and quality standards. VRDOs that contain an unconditional right of demand to receive payment of the unpaid principal balance plus accrued interest on a notice period exceeding seven days may be deemed to be illiquid securities.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Indexed and Inverse Floating Rate Securities</font><font style="font-size: 10pt;">. The Fund may invest in municipal bonds (and
        non-municipal tax-exempt securities) that yield a return based on a particular index of value or interest rates. For example, the Fund may invest in municipal bonds that pay interest based on an index of municipal bond interest rates. The principal
        amount payable upon maturity of certain municipal bonds also may be based on the value of the index. To the extent the Fund invests in these types of municipal bonds, the Fund&#8217;s return on such municipal bonds will be subject to risk with respect to
        the value of the particular index. Interest and principal payable on the municipal bonds may also be based on relative changes among particular indices. Also, the Fund may invest in so-called &#8220;inverse floating rate bonds&#8221; or &#8220;residual interest
        bonds&#8221; on which the interest rates vary inversely with a short-term floating rate (which may be reset periodically by a Dutch auction, a remarketing agent, or by reference to a short-term tax-exempt interest rate index). The Fund may purchase
        synthetically created inverse floating rate bonds evidenced by custodial or trust receipts. Generally, income on inverse floating rate bonds will decrease when short-term interest rates increase, and will increase when short-term interest rates
        decrease. Such securities have the effect of providing a degree of investment leverage, since they may increase or decrease in value in response to changes, as an illustration, in market interest rates at a rate which is a multiple (typically two)
        of the rate at which fixed rate long-term tax-exempt securities increase or decrease in response to such changes. As a result, the market values of such securities will generally be more volatile than the market values of fixed rate tax-exempt
        securities. To seek to limit the volatility of these securities, the Fund may purchase inverse floating rate bonds with shorter-term maturities or limitations on the extent to which the interest rate may vary. Certain investments in such
        obligations may be illiquid.</font></div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 8</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">When-Issued Securities, Delayed Delivery Securities and Forward Commitments</font><font style="font-size: 10pt;">. The Fund may
        purchase or sell securities that it is entitled to receive on a when-issued basis. The Fund may also purchase or sell securities on a delayed delivery basis. The Fund may also purchase or sell securities through a forward commitment. These
        transactions involve the purchase or sale of securities by the Fund at an established price with payment and delivery taking place in the future. The purchase will be recorded on the date the Fund enters into the commitment and the value of the
        securities will thereafter be reflected in the Fund&#8217;s NAV. The Fund has not established any limit on the percentage of its assets that may be committed in connection with these transactions. At the time the Fund enters into a transaction on a
        when-issued basis, it will segregate or designate on its books and records cash or liquid assets with a value not less than the value of the when-issued securities.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">There can be no assurance that a security purchased on a when-issued basis will be issued or that a security purchased or sold through a forward commitment will be delivered. A default by a
      counterparty may result in the Fund missing the opportunity of obtaining a price considered to be advantageous. The value of securities in these transactions on the delivery date may be more or less than the Fund&#8217;s purchase price. The Fund may bear
      the risk of a decline in the value of the security in these transactions and may not benefit from an appreciation in the value of the security during the commitment period.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">If deemed advisable as a matter of investment strategy, the Fund may dispose of or renegotiate a commitment after it has been entered into, and may sell securities it has committed to purchase before
      those securities are delivered to the Fund on the settlement date. In these cases the Fund may realize a taxable capital gain or loss.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">When the Fund engages in when-issued, delayed delivery or forward commitment transactions, it relies on the other party to consummate the trade. Failure of such party to do so may result in the
      Fund&#8217;s incurring a loss or missing an opportunity to obtain a price considered to be advantageous.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The market value of the securities underlying a commitment to purchase securities, and any subsequent fluctuations in their market value, is taken into account when determining the market value of
      the Fund starting on the day the Fund agrees to purchase the securities. The Fund does not earn interest on the securities it has committed to purchase until they are paid for and delivered on the settlement date.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 9</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Yields</font><font style="font-size: 10pt;">. Yields on municipal bonds are dependent on a variety of factors, including the
        general condition of the money market and of the municipal bond market, the size of a particular offering, the financial condition of the issuer, the maturity of the obligation and the rating of the issue. The ability of the Fund to achieve its
        investment objective is also dependent on the continuing ability of the issuers of the securities in which the Fund invests to meet their obligations for the payment of interest and principal when due. There are variations in the risks involved in
        holding municipal bonds, both within a particular classification and between classifications, depending on numerous factors. Furthermore, the rights of owners of municipal bonds and the obligations of the issuer of such municipal bonds may be
        subject to applicable bankruptcy, insolvency and similar laws and court decisions affecting the rights of creditors generally and to general equitable principles, which may limit the enforcement of certain remedies.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">&#8220;High Yield&#8221; or &#8220;Junk&#8221; Bonds.</font><font style="font-size: 10pt;"> The Fund may invest up to 20% of its total assets in municipal
        bonds that are rated, at the time of investment, Ba/BB or B by Moody&#8217;s, S&amp;P or Fitch or that are unrated but judged to be of comparable quality by the Investment Adviser. Municipal bonds of below investment grade quality (&#8220;Ba/BB&#8221; or below) are
        commonly known as &#8220;junk bonds.&#8221; Securities rated below investment grade are judged to have speculative characteristics with respect to their interest and principal payments. Such securities may face major ongoing uncertainties or exposure to
        adverse business, financial or economic conditions which could lead to inadequate capacity to meet timely interest and principal payments.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Other Investment Companies</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may invest up to 10% of its total assets in securities of other open- or closed-end investment companies that invest primarily in municipal bonds of the types in which the Fund may invest
      directly, subject to certain requirements which generally limit the Fund&#8217;s investment in such securities to 5% of its Managed Assets at the time of investment. Under the 1940 Act, the Fund may invest up to 10% of its total assets in the aggregate in
      shares of other investment companies and up to 5% of its total assets in any one investment company, provided the investment does not represent more than 3% of the voting stock of the acquired investment company at the time such shares are purchased.
      The Fund generally expects to invest in other investment companies either during periods when it has large amounts of uninvested cash or during periods when there is a shortage of attractive, high-yielding municipal bonds available in the market. As
      a shareholder in an investment company, the Fund will bear its ratable share of that investment company&#8217;s expenses, and would remain subject to payment of the Fund&#8217;s advisory and other fees and expenses with respect to assets so invested. The
      Investment Adviser will take expenses into account when evaluating the investment merits of an investment in an investment company relative to available municipal bond investments. In addition, the securities of other investment companies may be
      leveraged and will therefore be subject to leverage risks. The net asset value and market value of leveraged shares will be more volatile and the yield to shareholders will tend to fluctuate more than the yield generated by unleveraged shares.
      Investment companies may have investment policies that differ from those of the Fund. In addition, to the extent that the Fund invests in other investment companies, the Fund will be dependent upon the investment and research abilities of persons
      other than the Investment Adviser. The Fund treats its investments in such open- or closed-end investment companies as investments in municipal bonds.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 10</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; font-weight: bold;">Tax-Exempt Preferred Shares</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may invest up to 10% of its total assets in preferred interests of other investment funds that pay dividends that are exempt from regular federal income tax, subject to certain requirements
      which generally limit the Fund&#8217;s investment in such securities to 5% of its Managed Assets at the time of investment. A portion of such dividends may be capital gain distributions subject to federal capital gains tax. Such funds in turn invest in
      municipal bonds and other assets that pay interest or make distributions that are exempt from regular federal income tax, such as revenue bonds issued by state or local agencies to fund the development of low-income, multi-family housing. Investment
      in such tax-exempt preferred shares involves many of the same issues as investing in other open- or closed-end investment companies as discussed above. These investments also have additional risks, including liquidity risk, the absence of regulation
      governing investment practices, capital structure and leverage, affiliated transactions and other matters, and concentration of investments in particular issuers or industries. Revenue bonds issued by state or local agencies to finance the
      development of low-income, multi-family housing involve special risks in addition to those associated with municipal bonds generally, including that the underlying properties may not generate sufficient income to pay expenses and interest costs. Such
      bonds are generally non-recourse against the property owner, may be junior to the rights of others with an interest in the properties, may pay interest that changes based in part on the financial performance of the property, may be prepayable without
      penalty and may be used to finance the construction of housing developments which, until completed and rented, do not generate income to pay interest. Increases in interest rates payable on senior obligations may make it more difficult for issuers to
      meet payment obligations on subordinated bonds. The Fund will treat investments in tax-exempt preferred shares as investments in municipal bonds.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Temporary Investments</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">During temporary defensive periods (e.g., times when, in the Investment Adviser&#8217;s opinion, temporary imbalances of supply and demand or other temporary dislocations in the tax-exempt bond market
      adversely affect the price at which long-term or intermediate-term municipal bonds are available), and in order to keep cash on hand fully invested, the Fund may invest up to 100% of its net assets in liquid, short-term investments including high
      quality, short-term securities which may be either tax-exempt or taxable and securities of other open- or closed-end investment companies that invest primarily in municipal bonds of the type in which the Fund may invest directly. The Fund intends to
      invest in taxable short-term investments only in the event that suitable tax-exempt temporary investments are not available at reasonable prices and yields. The Fund&#8217;s investment policies provide that it will invest only in taxable temporary
      investments which are U.S. government securities or securities rated within the highest grade by Moody&#8217;s, S&amp;P or Fitch, and which mature within one year from the date of purchase or carry a variable or floating rate of interest (such short-term
      obligations being referred to herein as &#8220;Temporary Investments&#8221;). Temporary Investments of the Fund may include certificates of deposit issued by U.S. banks with assets of at least $1 billion, commercial paper or corporate notes, bonds or debentures
      with a remaining maturity of one year or less, or repurchase agreements. See &#8220;Repurchase Agreements.&#8221; To the extent the Fund invests in Temporary Investments, the Fund will not at such times be in a position to achieve its investment objective of
      tax- exempt income.</div>
    <div style="text-align: justify; text-indent: 36pt;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 11</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div>&#160;Short-term taxable fixed income investments include, without limitation, the following:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;U.S. Government Securities, including bills, notes and bonds differing as to maturity and rates of interest that are either issued or guaranteed by the U.S. Treasury or by U.S.
      Government agencies or instrumentalities. U.S. Government Securities include securities issued by (a) the Federal Housing Administration, Farmers Home Administration, Export-Import Bank of the United States, Small Business Administration, and the
      Government National Mortgage Association, whose securities are supported by the full faith and credit of the United States; (b) the Federal Home Loan Banks, Federal Intermediate Credit Banks, and the Tennessee Valley Authority, whose securities are
      supported by the right of the agency to borrow from the U.S. Treasury; (c) the Federal National Mortgage Association, whose securities are supported by the discretionary authority of the U.S. Government to purchase certain obligations of the agency
      or instrumentality; and (d) the Student Loan Marketing Association, whose securities are supported only by its credit. While the U.S. Government provides financial support to such U.S. Government-sponsored agencies or instrumentalities, no assurance
      can be given that it always will do so since it is not so obligated by law. The U.S. Government, its agencies and instrumentalities do not guarantee the market value of their securities. Consequently, the value of such securities may fluctuate.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Certificates of deposit issued against funds deposited in a bank or a savings and loan association. Such certificates are for a definite period of time, earn a specified rate of return,
      and are normally negotiable. The issuer of a certificate of deposit agrees to pay the amount deposited plus interest to the bearer of the certificate on the date specified thereon. Certificates of deposit purchased by the Fund may not be fully
      insured by the Federal Deposit Insurance Corporation.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Repurchase agreements, which involve purchases of debt securities. At the time the Fund purchases securities pursuant to a repurchase agreement, it simultaneously agrees to resell and
      redeliver such securities to the seller, who also simultaneously agrees to buy back the securities at a fixed price and time. This assures a predetermined yield for the Fund during its holding period, since the resale price is always greater than the
      purchase price and reflects an agreed-upon market rate. Such actions afford an opportunity for the Fund to invest temporarily available cash. The Fund may enter into repurchase agreements only with respect to obligations of the U.S. Government, its
      agencies or instrumentalities; certificates of deposit; or bankers&#8217; acceptances in which the Fund may invest. The Fund expects to enter into repurchase agreements with registered securities dealers or domestic banks that, in the opinion of the
      Investment Adviser, present minimal credit risk. Repurchase agreements may be considered loans to the seller, collateralized by the underlying securities. The risk to the Fund is limited to the ability of the seller to pay the agreed-upon sum on the
      repurchase date; in the event of default, the repurchase agreement provides that the Fund is entitled to sell the underlying collateral. If the value of the collateral declines after the agreement is entered into, and if the seller defaults under a
      repurchase agreement when the value of the underlying collateral is less than the repurchase price, the Fund could incur a loss of both principal and interest. If the seller were to be subject to a federal bankruptcy proceeding, the ability of the
      Fund to liquidate the collateral could be delayed or impaired because of certain provisions of the bankruptcy laws.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 12</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Commercial paper, which consists of short-term unsecured promissory notes, including variable rate master demand notes issued by corporations to finance their current operations. Master
      demand notes are direct lending arrangements between the Fund and a corporation. There is no secondary market for such notes. However, they are redeemable by the Fund at any time. The Investment Adviser will consider the financial condition of the
      corporation (e.g., earning power, cash flow and other liquidity ratios) and will continuously monitor the corporation&#8217;s ability to meet all of its financial obligations, because the Fund&#8217;s liquidity might be impaired if the corporation were unable to
      pay principal and interest on demand. The Fund&#8217;s investment policies provide that its investments in commercial paper will be limited to commercial paper rated in the highest categories by a major rating agency and which mature within one year of the
      date of purchase or carry a variable or floating rate of interest.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Tax-exempt temporary investments include various obligations issued by state and local governmental issuers, such as tax-exempt notes (bond anticipation notes, tax anticipation notes and revenue
      anticipation notes or other such municipal bonds maturing in three years or less from the date of issuance) and municipal commercial paper. Short-term tax-exempt fixed income securities include, without limitation, the following:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Bond Anticipation Notes (&#8220;BANs&#8221;) are usually general obligations of state and local governmental issuers which are sold to obtain interim financing for projects that will eventually be funded through
      the sale of long-term debt obligations or bonds. The ability of an issuer to meet its obligations on its BANs is primarily dependent on the issuer&#8217;s access to the long-term municipal bond market and the likelihood that the proceeds of such bond sales
      will be used to pay the principal and interest on the BANs.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Tax Anticipation Notes (&#8220;TANs&#8221;) are issued by state and local governments to finance the current operations of such governments. Repayment is generally to be derived from specific future tax
      revenues. TANs are usually general obligations of the issuer. A weakness in an issuer&#8217;s capacity to raise taxes due to, among other things, a decline in its tax base or a rise in delinquencies could adversely affect the issuer&#8217;s ability to meet its
      obligations on outstanding TANs.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Revenue Anticipation Notes (&#8220;RANs&#8221;) are issued by governments or governmental bodies with the expectation that future revenues from a designated source will be used to repay the notes. In general,
      they also constitute general obligations of the issuer. A decline in the receipt of projected revenues, such as anticipated revenues from another level of government, could adversely affect an issuer&#8217;s ability to meet its obligations on outstanding
      RANs. In addition, the possibility that the revenues would, when received, be used to meet other obligations could affect the ability of the issuer to pay the principal and interest on RANs.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Construction Loan Notes are issued to provide construction financing for specific projects. Frequently, these notes are redeemed with funds obtained from the Federal Housing Administration.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Bank Notes are notes issued by local government bodies and agencies to commercial banks as evidence of borrowings. The purposes for which the notes are issued are varied but they are frequently
      issued to meet short-term working capital or capital-project needs. These notes may have risks similar to the risks associated with TANs and RANs.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 13</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">Tax-Exempt Commercial Paper (&#8220;municipal paper&#8221;) represents very short-term unsecured, negotiable promissory notes, issued by states, municipalities and their agencies. Payment of principal and
      interest on issues of municipal paper may be made from various sources, to the extent the funds are available therefrom. Maturities on municipal paper generally will be shorter than the maturities of TANs, BANs or RANs. There is a limited secondary
      market for issues of municipal paper.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Certain municipal bonds may carry variable or floating rates of interest whereby the rate of interest is not fixed but varies with changes in specified market rates or indices, such as a bank prime
      rate or tax-exempt money market indices.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">While the various types of notes described above as a group represent the major portion of the tax-exempt note market, other types of notes are available in the marketplace and the Fund may invest in
      such other types of notes to the extent permitted under its investment objective, policies and limitations. Such notes may be issued for different purposes and may be secured differently from those mentioned above.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Strategic Transactions and Other Management Techniques</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may use a variety of other investment management techniques and instruments. The Fund may purchase and sell futures contracts, enter into various interest rate transactions and may purchase
      and sell exchange- listed and over-the-counter put and call options on securities, financial indices and futures contracts (collectively, &#8220;Strategic Transactions&#8221;). These Strategic Transactions may be used for duration management and other risk
      management to attempt to protect against possible changes in the market value of the Fund&#8217;s portfolio resulting from trends in the debt securities markets and changes in interest rates, to protect the Fund&#8217;s unrealized gains in the value of its
      portfolio securities, to facilitate the sale of such securities for investment purposes, to establish a position in the securities markets as a temporary substitute for purchasing particular securities and to enhance income or gain. There is no
      particular strategy that requires use of one technique rather than another as the decision to use any particular strategy or instrument is a function of market conditions and the composition of the portfolio. The Strategic Transactions are described
      below. The ability of the Fund to use them successfully will depend on the Investment Adviser&#8217;s ability to predict pertinent market movements as well as sufficient correlation among the instruments, which cannot be assured. Inasmuch as any
      obligations of the Fund that arise from the use of Strategic Transactions will be covered by segregated liquid high grade assets or offsetting transactions, the Fund and the Investment Adviser believes such obligations do not constitute senior
      securities and, accordingly, will not treat them as being subject to its borrowing restrictions. Certain provisions of the Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;) may restrict or affect the ability of the Fund to engage in Strategic
      Transactions. In addition, the use of certain Strategic Transactions may give rise to taxable income and have certain other consequences.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 14</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Interest Rate Transactions</font><font style="font-size: 10pt;">. The Fund may enter into interest rate swaps and the purchase or
        sale of interest rate caps and floors. The Fund expects to enter into these transactions primarily to preserve a return or spread on a particular investment or portion of its portfolio as a duration management technique or to protect against any
        increase in the price of securities the Fund anticipates purchasing at a later date. The Fund will ordinarily use these transactions as a hedge or for duration or risk management although it is permitted to enter into them to enhance income or
        gain. The Fund&#8217;s investment policies provide that it will not sell interest rate caps or floors that it does not own. Interest rate swaps involve the exchange by the Fund with another party of their respective commitments to pay or receive
        interest, e.g., an exchange of floating rate payments for fixed rate payments with respect to a notional amount of principal. The purchase of an interest rate cap entitles the purchaser, to the extent that a specified index exceeds a predetermined
        interest rate, to receive payments of interest on a notional principal amount from the party selling such interest rate cap. The purchase of an interest rate floor entitles the purchaser, to the extent that a specified index falls below a
        predetermined interest rate, to receive payments of interest on a notional principal amount from the party selling such interest rate floor.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may enter into interest rate swaps, caps and floors on either an asset-based or liability-based basis, and will usually enter into interest rate swaps on a net basis, i.e., the two payment
      streams are netted out, with the Fund receiving or paying, as the case may be, only the net amount of the two payments on the payment dates. The Fund will accrue the net amount of the excess, if any, of the Fund&#8217;s obligations over its entitlements
      with respect to each interest rate swap on a daily basis and will segregate with a custodian an amount of cash or liquid high grade securities having an aggregate net asset value at all times at least equal to the accrued excess. The Fund&#8217;s
      investment policies provide that it will not enter into any interest rate swap, cap or floor transaction unless the unsecured senior debt or the claims-paying ability of the other party thereto is rated in the highest rating category of at least one
      nationally recognized statistical rating organization at the time of entering into such transaction. If there is a default by the other party to such a transaction, the Fund may have contractual remedies pursuant to the agreements related to the
      transaction.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Credit Default Swap Agreements</font><font style="font-size: 10pt;">. The Fund may enter into credit default swap agreements for
        hedging purposes or to seek to increase its return. The credit default swap agreement may have as reference obligations one or more securities that are not currently held by the Fund. The protection &#8220;buyer&#8221; in a credit default contract may be
        obligated to pay the protection &#8220;seller&#8221; an upfront or a periodic stream of payments over the term of the contract, provided that no credit event on a reference obligation has occurred. If a credit event occurs, the seller generally must pay the
        buyer the &#8220;par value&#8221; (full notional value) of the swap in exchange for an equal face amount of deliverable obligations of the reference entity described in the swap, or the seller may be required to deliver the related net cash amount (the
        difference between the market value of the reference obligation and its par value), if the swap is cash settled. The Fund may be either the buyer or seller in the transaction. If the Fund is a buyer and no credit event occurs, the Fund may recover
        nothing if the swap is held through its termination date. However, if a credit event occurs, the buyer generally may elect to receive the full notional value of the swap in exchange for an equal face amount of deliverable obligations of the
        reference entity whose value may have significantly decreased. As a seller, the Fund generally receives an upfront payment or a fixed rate of income throughout the term of the swap, which typically is between six (6) months and three years,
        provided that there is no credit event. If a credit event occurs, generally the seller must pay the buyer the full notional value of the swap in exchange for an equal face amount of deliverable obligations of the reference entity whose value may
        have significantly decreased. As the seller, the Fund would effectively add leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure on the notional amount of the swap.</font></div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 15</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">Credit default swap agreements involve greater risks than if the Fund had invested in the reference obligation directly since, in addition to general market risks, credit default swaps are subject to
      illiquidity risk, counterparty risk and credit risks. A buyer generally also will lose its investment and recover nothing should no credit event occur and the swap is held to its termination date. If a credit event were to occur, the value of any
      deliverable obligation received by the seller, coupled with the upfront or periodic payments previously received, may be less than the full notional value it pays to the buyer, resulting in a loss of value to the seller. A seller of a credit default
      swap or similar instrument is exposed to many of the same risks of leverage since, if a credit event occurs, the seller may be required to pay the buyer the full notional value of the contract net of any amounts owed by the buyer related to its
      delivery of deliverable obligations.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Futures Contracts and Options on Futures Contracts</font><font style="font-size: 10pt;">. The Fund may also enter into contracts
        for the purchase or sale for future delivery (&#8220;futures contracts&#8221;) of debt securities, aggregates of debt securities or indices or prices thereof, other financial indices and U.S. government debt securities or options on the above. The Fund will
        ordinarily engage in such transactions only for bona fide hedging, risk management (including duration management) and other portfolio management purposes. However, the Fund is also permitted to enter into such transactions for non-hedging purposes
        to enhance income or gain, in accordance with the rules and regulations of the CFTC, which currently provide that no such transaction may be entered into if at such time more than 5% of the Fund&#8217;s net assets would be posted as initial margin and
        premiums with respect to such non-hedging transactions.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Calls on Securities Indices and Futures Contracts</font><font style="font-size: 10pt;">. The Fund may sell or purchase call options
        (&#8220;calls&#8221;) on municipal bonds and indices based upon the prices of future contracts and debt securities that are traded on U.S. and foreign securities exchanges and in the over-the-counter markets. A call gives the purchaser of the option the right
        to buy, and obligates the seller to sell, the underlying security, futures contract or index at the exercise price at any time or at a specified time during the option period. All such calls sold by the Fund must be &#8220;covered&#8221; as long as the call is
        outstanding (i.e., the Fund must own the securities or futures contract subject to the call or other securities acceptable for applicable escrow requirements). A call sold by the Fund exposes the Fund during the term of the option to possible loss
        of opportunity to realize appreciation in the market price of the underlying security, index or futures contract and may require the Fund to hold a security of futures contract which it might otherwise have sold. The purchase of a call gives the
        Fund the right to buy a security, futures contract or index at a fixed price. Calls on futures on municipal bonds must also be covered by deliverable securities or the futures contract or by liquid high grade debt securities segregated to satisfy
        the Fund&#8217;s obligations pursuant to such instruments.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Puts on Securities, Indices and Futures Contracts</font><font style="font-size: 10pt;">. The Fund may purchase put options (&#8220;puts&#8221;)
        that relate to municipal bonds (whether or not it holds such securities in its portfolio), indices or futures contracts. The Fund may also sell puts on municipal bonds, indices or futures contracts on such securities if the Fund&#8217;s contingent
        obligations on such puts are secured by segregated assets consisting of cash or liquid high grade debt securities having a value not less than the exercise price. The Fund&#8217;s investment policies provide that it will not sell puts if, as a result,
        more than 50% of the Fund&#8217;s assets would be required to cover its potential obligations under its hedging and other investment transactions. In selling puts, there is a risk that the Fund may be required to buy the underlying security at a price
        higher than the current market price.</font></div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 16</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">Municipal Market Data Rate Locks. </font><font style="font-size: 10pt;">The Fund may purchase and sell Municipal Market Data Rate
        Locks (&#8220;MMD Rate Locks&#8221;). An MMD Rate Lock permits the Fund to lock in a specified municipal interest rate for a portion of its portfolio to preserve a return on a particular investment or a portion of its portfolio as a duration management
        technique or to protect against any increase in the price of securities to be purchased at a later date. The Fund will ordinarily use these transactions as a hedge or for duration or risk management although it is permitted to enter into them to
        enhance income or gain. An MMD Rate Lock is a contract between the Fund and an MMD Rate Lock provider pursuant to which the parties agree to make payments to each other on a notional amount, contingent upon whether the Municipal Market Data AAA
        General Obligation Scale is above or below a specified level on the expiration date of the contract. For example, if the Fund buys an MMD Rate Lock and the Municipal Market Data AAA General Obligation Scale is below the specified level on the
        expiration date, the counterparty to the contract will make a payment to the Fund equal to the specified level minus the actual level, multiplied by the notional amount of the contract. If the Municipal Market Data AAA General Obligation Scale is
        above the specified level on the expiration date, the Fund will make a payment to the counterparty equal to the actual level minus the specified level multiplied by the notional amount of the contract. In entering into MMD Rate Locks, there is a
        risk that municipal yields will move in the direction opposite of the direction anticipated by the Fund. The Fund&#8217;s investment policies provide that it will not enter into MMD Rate Locks if, as a result, more than 50% of its total assets would be
        required to cover its potential obligations under its hedging and other investment transactions.</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Short Sales</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may make short sales of municipal bonds. A short sale is a transaction in which the Fund sells a security it does not own in anticipation that the market price of that security will decline.
      The Fund may make short sales to hedge positions, for duration and risk management, in order to maintain portfolio flexibility or to enhance income or gain.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">When the Fund makes a short sale, it must borrow the security sold short and deliver it to the broker-dealer through which it made the short sale as collateral for its obligation to deliver the
      security upon conclusion of the sale. The Fund may have to pay a fee to borrow particular securities and is often obligated to pay over any payments received on such borrowed securities.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund&#8217;s obligation to replace the borrowed security are required to be secured by collateral deposited with the broker-dealer, usually cash, U.S. government securities or other liquid securities.
      The Fund will also be required to segregate similar collateral with its custodian to the extent, if any, necessary so that the aggregate collateral value is at all times at least equal to the current market value of the security sold short. Depending
      on arrangements made with the broker-dealer from which it borrowed the security regarding payment over of any payments received by the Fund on such security, the Fund may not receive any payments (including interest) on its collateral deposited with
      such broker-dealer.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">If the price of the security sold short increases between the time of the short sale and the time the Fund replaces the borrowed security, the Fund will incur a loss; conversely, if the price
      declines, the Fund will realize a gain. Any gain will be decreased, and any loss increased, by the transaction costs described above. Although the Fund&#8217;s gain is limited to the price at which it sold the security short, its potential loss is
      theoretically unlimited.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 17</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; font-weight: bold;">Restricted and Illiquid Securities</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Certain of the Fund&#8217;s investments may be illiquid. Illiquid securities are subject to legal or contractual restrictions on disposition or lack of an established secondary trading market. The sale of
      restricted and illiquid securities often requires more time and results in higher brokerage charges or dealer discounts and other selling expenses than does the sale of securities eligible for trading on national securities exchanges or in the
      over-the-counter markets. Restricted securities may sell at a price lower than similar securities that are not subject to restrictions on resale.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Reverse Repurchase Agreements</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may enter into reverse repurchase agreements with respect to its portfolio investments subject to the investment restrictions set forth herein. Reverse repurchase agreements involve the sale
      of securities held by the Fund with an agreement by the Fund to repurchase the securities at an agreed upon price, date and interest payment. At the time the Fund enters into a reverse repurchase agreement, it expects to establish and maintain a
      segregated account with the custodian containing liquid instruments having a value not less than the repurchase price (including accrued interest). If the Fund establishes and maintains such a segregated account, a reverse repurchase agreement will
      not be considered a borrowing by the Fund; however, under certain circumstances in which the Fund does not establish and maintain such a segregated account, such reverse repurchase agreement will be considered a borrowing for the purpose of the
      Fund&#8217;s limitation on borrowings. The use by the Fund of reverse repurchase agreements involves many of the same risks of leverage since the proceeds derived from such reverse repurchase agreements may be invested in additional securities. Reverse
      repurchase agreements involve the risk that the market value of the securities acquired in connection with the reverse repurchase agreement may decline below the price of the securities the Fund has sold but is obligated to repurchase. Also, reverse
      repurchase agreements involve the risk that the market value of the securities retained in lieu of sale by the Fund in connection with the reverse repurchase agreement may decline in price.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">If the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes insolvent, such buyer or its trustee or receiver may receive an extension of time to determine whether
      to enforce the Fund&#8217;s obligation to repurchase the securities, and the Fund&#8217;s use of the proceeds of the reverse repurchase agreement may effectively be restricted pending such decision. Also, the Fund would bear the risk of loss to the extent that
      the proceeds of the reverse repurchase agreement are less than the value of the securities subject to such agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Borrowings</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund reserves the right to borrow funds to the extent permitted as described under the below caption &#8220;&#8212;Investment Restrictions.&#8221; The proceeds of borrowings may be used for any valid purpose
      including, without limitation, liquidity, investments and repurchases of shares of the Fund. Borrowing is a form of leverage and, in that respect, entails risks comparable to those associated with the issuance of Preferred Shares.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 18</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; font-weight: bold;">Lending of Securities</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may lend portfolio securities to certain borrowers determined to be creditworthy by the Investment Adviser, including to borrowers affiliated with the Investment Adviser. The borrowers
      provide collateral that is maintained in an amount at least equal to the current market value of the securities loaned. No securities loan will be made on behalf of the Fund if, as a result, the aggregate value of all securities loans of the Fund
      exceeds one-third of the value of the Fund&#8217;s total assets (including the value of the collateral received). The Fund may terminate a loan at any time and obtain the return of the securities loaned. The Fund receives the value of any interest or cash
      or non-cash distributions paid on the loaned securities.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">With respect to loans that are collateralized by cash, the borrower may be entitled to receive a fee based on the amount of cash collateral. The Fund is compensated by the difference between the
      amount earned on the reinvestment of cash collateral and the fee paid to the borrower. In the case of collateral other than cash, the Fund is compensated by a fee paid by the borrower equal to a percentage of the market value of the loaned
      securities. Any cash collateral received by the Fund for such loans, and uninvested cash, may be invested, among other things, in a private investment company managed by an affiliate of the Investment Adviser or in registered money market funds
      advised by the Investment Adviser or its affiliates; such investments are subject to investment risk.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund conducts its securities lending pursuant to an exemptive order from the SEC permitting it to lend portfolio securities to borrowers affiliated with the Fund and to retain an affiliate of the
      Fund as lending agent. To the extent that the Fund engages in securities lending, BlackRock Investment Management, LLC (&#8220;BIM&#8221;), an affiliate of the Investment Adviser, acts as securities lending agent for the Fund, subject to the overall supervision
      of the Investment Adviser. BIM administers the lending program in accordance with guidelines approved by the Board. Pursuant to the current securities lending agreement, BIM may lend securities only when the difference between the borrower rebate
      rate and the risk free rate exceeds a certain level (such securities, the &#8220;specials only securities&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">To the extent that the Fund engages in securities lending, the Fund retains a portion of securities lending income and remits a remaining portion to BIM as compensation for its services as securities
      lending agent.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Securities lending income is equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment expenses as defined below), and any fees or other
      payments to and from borrowers of securities. As securities lending agent, BIM bears all operational costs directly related to securities lending. The Fund is responsible for expenses in connection with the investment of cash collateral received for
      securities on loan in a private investment company managed by an affiliate of the Investment Adviser (the &#8220;collateral investment expenses&#8221;), however, BIM has agreed to cap the collateral investment expenses the Fund bears to an annual rate of 0.04%
      of the daily net assets of such private investment company. In addition, in accordance with the exemptive order, the investment adviser to the private investment company will not charge any advisory fees with respect to shares purchased by the Fund.
      Such shares also will not be subject to a sales load, redemption fee, distribution fee or service fee.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Pursuant to the current securities lending agreement, the Fund retains 82% of securities lending income (which excludes collateral investment expenses).</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 19</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">In addition, commencing the business day following the date that the aggregate securities lending income earned across the BlackRock Fixed-Income Complex in a calendar year exceeds the breakpoint
      dollar threshold applicable in the given year set forth in the securities lending agreement, the Fund, pursuant to the current securities lending agreement, will receive for the remainder of that calendar year securities lending income in an amount
      equal to 85% of securities lending income (which excludes collateral investment expenses).</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Leverage</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund currently leverages its assets through the use of preferred shares and tender option bonds. The Fund currently does not intend to borrow money or issue debt securities. Although it has no
      present intention to do so, the Fund reserves the right to borrow money from banks or other financial institutions, or issue debt securities, in the future if it believes that market conditions would be conducive to the successful implementation of a
      leveraging strategy through borrowing money or issuing debt securities or preferred shares. Any such leveraging will not be fully achieved until the proceeds resulting from the use of leverage have been invested in accordance with the Fund&#8217;s
      investment objective and policies.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Under the 1940 Act, the Fund is not permitted to issue senior securities if, immediately after the issuance of such senior securities, the Fund would have an asset coverage ratio (as defined in the
      1940 Act) of less than 300% with respect to senior securities representing indebtedness (i.e., for every dollar of indebtedness outstanding, the Fund is required to have at least three dollars of assets) or less than 200% with respect to senior
      securities representing preferred shares (i.e., for every dollar of preferred shares outstanding, the Fund is required to have at least two dollars of assets). The 1940 Act also provides that the Fund may not declare distributions or purchase its
      stock (including through tender offers) if, immediately after doing so, it will have an asset coverage ratio of less than 300% or 200%, as applicable. Under the 1940 Act, certain short-term borrowings (such as for cash management purposes) are not
      subject to these limitations if (i) repaid within 60 days, (ii) not extended or renewed and (iii) not in excess of 5% of the total assets of the Fund.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-style: italic;">Derivatives</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may enter into derivative transactions that have economic leverage embedded in them. The Fund cannot assure you that investments in derivative transactions that have economic leverage
      embedded in them will result in a higher return on its common shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">To the extent the terms of such transactions obligate the Fund to make payments, the Fund may earmark or segregate cash or liquid assets in an amount at least equal to the current value of the amount
      then payable by the Fund under the terms of such transactions or otherwise cover such transactions in accordance with applicable interpretations of the staff of the SEC. If the current value of the amount then payable by the Fund under the terms of
      such transactions is represented by the notional amounts of such investments, the Fund would segregate or earmark cash or liquid assets having a market value at least equal to such notional amounts, and if the current value of the amount then payable
      by the Fund under the terms of such transactions is represented by the market value of the Fund&#8217;s current obligations, the Fund would segregate or earmark cash or liquid assets having a market value at least equal to such current obligations. To the
      extent the terms of such transactions obligate the Fund to deliver particular securities to extinguish the Fund&#8217;s obligations under such transactions the Fund may &#8220;cover&#8221; its obligations under such transactions by either (i) owning the securities or
      collateral underlying such transactions or (ii) having an absolute and immediate right to acquire such securities or collateral without additional cash consideration (or, if additional cash consideration is required, having earmarked or segregated an
      appropriate amount of cash or liquid assets). Such earmarking, segregation or cover is intended to provide the Fund with available assets to satisfy its obligations under such transactions. As a result of such earmarking, segregation or cover, the
      Fund&#8217;s obligations under such transactions will not be considered senior securities representing indebtedness for purposes of the 1940 Act, or considered borrowings subject to the Fund&#8217;s limitations on borrowings discussed above, but may create
      leverage for the Fund. To the extent that the Fund&#8217;s obligations under such transactions are not so earmarked, segregated or covered, such obligations may be considered &#8220;senior securities representing indebtedness&#8221; under the 1940 Act and therefore
      subject to the 300% asset coverage requirement.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 20</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; text-indent: 36pt;">These earmarking, segregation or cover requirements can result in the Fund maintaining securities positions it would otherwise liquidate, segregating or earmarking assets at a time when it might be
      disadvantageous to do so or otherwise restrict portfolio management.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-style: italic;">Temporary Borrowings</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Fund may also borrow money as a temporary measure for extraordinary or emergency purposes, including the payment of dividends and the settlement of securities transactions which otherwise might
      require untimely dispositions of Fund securities.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Investment Restrictions</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The following are fundamental investment restrictions of the Fund and may not be changed without the approval of the holders of a majority of the Fund&#8217;s outstanding common shares and outstanding
      preferred shares, voting together as a single class, and a majority of the outstanding preferred shares, voting as a separate class (which for this purpose and under the 1940 Act means the lesser of (i) 67% of the shares of each class of shares
      represented at a meeting at which more than 50% of the outstanding shares of each class of shares are represented or (ii) more than 50% of the outstanding shares of each class of shares). The Fund may not:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z5050240aa4c2479fa369ca0e5d715383" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>invest 25% or more of the value of its total assets in any one industry, provided that this limitation does not apply to municipal bonds other than those municipal bonds backed only by assets and revenues of non-governmental issuers;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z29165a9480a9412ab003c8f92cac81e2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>issue senior securities or borrow money other than as permitted by the 1940 Act or pledge its assets other than to secure such issuances or in connection with hedging transactions, short sales, when-issued and forward commitment
              transactions and similar investment strategies;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z33723408ec384ce3a562eff179ab4bb4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>make loans of money or property to any person, except through loans of portfolio securities, the purchase of fixed income securities consistent with the Fund&#8217;s investment objective and policies or the entry into repurchase agreements;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z81905e0cbda944f2a46c5f1335d02f58" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">4.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>underwrite the securities of other issuers, except to the extent that in connection with the disposition of portfolio securities or the sale of its own securities the Fund may be deemed to be an underwriter;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 21</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="zd5994646e82b41679f57cec502e6c8e9" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">5.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>purchase or sell real estate or interests therein other than municipal bonds secured by real estate or interests therein; provided that the Fund may hold and sell any real estate acquired in connection with its investment in portfolio
              securities; or</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="za30d9a71d3cd42789eb6b6838202cea1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">6.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>purchase or sell commodities or commodity contracts for any purposes except as, and to the extent, permitted by applicable law without the Fund becoming subject to registration with the Commodity Futures Trading Commission (the &#8220;CFTC&#8221;) as
              a commodity pool.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify;">For purposes of applying the limitation set forth in subparagraph (1) above, securities of the U.S. government, its agencies, or instrumentalities, and securities backed by the credit of a governmental entity are not
      considered to represent industries. However, obligations backed only by the assets and revenues of non-governmental issuers may for this purpose be deemed to be issued by such non-governmental issuers. Thus, the 25% limitation would apply to such
      obligations. It is nonetheless possible that the Fund may invest more than 25% of its total assets in a broader economic sector of the market for municipal bonds, such as revenue obligations of hospitals and other health care facilities or electrical
      utility revenue obligations. The Fund reserves the right to invest more than 25% of its assets in industrial development bonds and private activity securities.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">For the purpose of applying the limitation set forth in subparagraph (1) above, a non-governmental issuer shall be deemed the sole issuer of a security when its assets and revenues are separate from other governmental
      entities and its securities are backed only by its assets and revenues. Similarly, in the case of a non-governmental issuer, such as an industrial corporation or a privately owned or operated hospital, if the security is backed only by the assets and
      revenues of the non-governmental issuer, then such non-governmental issuer would be deemed to be the sole issuer. Where a security is also backed by the enforceable obligation of a superior or unrelated governmental or other entity (other than a bond
      insurer), it shall also be included in the computation of securities owned that are issued by such governmental or other entity. Where a security is guaranteed by a governmental entity or some other facility, such as a bank guarantee or letter of
      credit, such a guarantee or letter of credit would be considered a separate security and would be treated as an issue of such government, other entity or bank..</div>
    <div>&#160;</div>
    <div style="text-align: justify;">When a municipal bond is insured by bond insurance, it shall not be considered a security that is issued or guaranteed by the insurer; instead, the issuer of such municipal bond will be determined in accordance with
      the principles set forth above. The foregoing restrictions do not limit the percentage of the Fund&#8217;s assets that may be invested in municipal bonds insured by any given insurer.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">In addition to the foregoing fundamental investment policies, the Fund is also subject to the following non-fundamental restrictions and policies, which may be changed by the Board. The Fund may not:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="ze93f3a4a3af240098f143be28f5f2af0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">a)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>make any short sale of securities except in conformity with applicable laws, rules and regulations and unless, after giving effect to such sale, the market value of all securities sold short does not exceed 25% of the value of the Fund&#8217;s
              total assets and the Fund&#8217;s aggregate short sales of a particular class of securities does not exceed 25% of the then outstanding securities of that class. The Fund may also make short sales &#8220;against the box&#8221; without respect to such
              limitations. In this type of short sale, at the time of the sale, the Fund owns or has the immediate and unconditional right to acquire at no additional cost the identical security;</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 22</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="zeff0d32c20ba43ceb99fbbbe930f6a4a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">b)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>purchase securities of open-end or closed-end investment companies except in compliance with the 1940 Act or any exemptive relief obtained thereunder; or</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z057e3cd62cb84e0d83285798cdd47d43" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">c)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>purchase securities of companies for the purpose of exercising control.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify;">If a percentage restriction on the investment policies or the investment or use of assets set forth above is adhered to at the time a transaction is effected, later changes in percentage resulting from changing values
      will not be considered a violation.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Schedule I - 23</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <!--PROfilePageNumberReset%Num%1%Exhibit A-%%-->
    <div>
      <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit A</font></div>
      <div style="text-align: right;"><font style="font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: center; font-weight: bold;">
        <table cellspacing="0" cellpadding="0" border="0" align="" style="width: 100%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">

            <tr>
              <td style="width: 55%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div><u>To be completed by Tender and Paying Agent only</u> &#8212; <br>
                </div>
              </td>
              <td style="width: 45%;" colspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 55%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div style="text-align: left;">Check applicable box:</div>
              </td>
              <td style="width: 45%;" colspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 55%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
                <div>
                  <div style="text-align: left; font-size: 12pt;"><font style="font-size: 10pt;">&#9744;</font><font style="font-size: 10pt;"> This is a Preliminary Notice of Purchase</font></div>
                </div>
              </td>
              <td style="width: 45%;" colspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 55%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: left; font-size: 12pt;"><font style="font-size: 10pt;">&#9744;</font><font style="font-size: 10pt;"> This is a Final Notice of Purchase</font></div>
              </td>
              <td style="width: 45%; padding-bottom: 2px;" colspan="1"><br>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">NOTICE OF PURCHASE</div>
      <div style="text-align: center;">&#160;</div>
      <div style="text-align: center;">[Date]</div>
    </div>
  </div>
  <div><br>
    <table cellspacing="0" cellpadding="0" border="0" id="z2d24f807e8ee43d3a727e9535a5b2da0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Bank of America, N.A.</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>One Bryant Park</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>1111 Avenue of the Americas, 9th Floor</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>New York, NY 10036</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div>Attention:</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Thomas Visone</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;"><br>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Mary Ann Olson</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;"><br>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Todd Blasiak</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;"><br>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Lisa Irizarry</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;"><br>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>Michael Jentis</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div>Telephone:</div>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>(212) 449-7358 (Visone/Blasiak/Irizarry)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;"><br>
          </td>
          <td style="width: 90%; vertical-align: top;">
            <div>(212) 449-8300 (Jentis)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z6880aad9f3cc4125bc7b45f8682e52ac" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 5%; vertical-align: top;">
            <div>Email:</div>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>thomas.visone@baml.com</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;"><br>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>mary.ann.olson@bankofamerica.com</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;"><br>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>todd.blasiak@baml.com</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;"><br>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>lisa.m.irizarry@baml.com</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;"><br>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>michael.jentis@baml.com</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: top;"><br>
          </td>
          <td style="width: 95%; vertical-align: top;">
            <div>DG.pfloats@baml.com</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
    <div>100 Bellevue Parkway</div>
    <div>Wilmington, DE 19809</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z89b583156f364a218cad5ecfdf65d9a3" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">Re:</td>
          <td style="width: auto; vertical-align: top;">
            <div>BlackRock New York Municipal Income Trust &#8212; Series W-7 Variable Rate Demand Preferred Shares</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>Dear Ladies and Gentlemen:</div>
    <div>&#160;</div>
    <div style="text-align: justify;">Reference is made to the VRDP Shares Purchase Agreement dated as of March 31, 2021 (as heretofore amended, modified or supplemented, the &#8220;Agreement&#8221;) between The Bank of New York Mellon, as the Tender and Paying Agent,
      and Bank of America, N.A., as the Liquidity Provider. Capitalized terms used herein shall have the meanings given to them in or by reference to the Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">Pursuant to Section 2.01(b) of the Agreement, the undersigned [Tender and Paying Agent] [Beneficial Owner] [Agent Member of a Beneficial Owner] [Holder] hereby notifies you of [number] VRDP Shares (CUSIP [&#9679;]) to be
      purchased by you today (the &#8220;Purchase Date&#8221;) pursuant to Section 2.02 of the Agreement. The aggregate Purchase Price of such VRDP Shares is [&#9679;] dollars ($[&#9679;]). Of such aggregate Purchase Price, [&#9679;] dollars ($[&#9679;]) comprises the aggregate liquidation
      preference of such VRDP Shares and [&#9679;] dollars ($[&#9679;]) comprises accumulated but unpaid dividends on such VRDP Shares to and including the Purchase Date.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit A-1</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit A</font></div>
    <div><font style="font-weight: bold;"> <br>
      </font></div>
    <div>The Purchase Price should be provided in immediately available funds to:</div>
    <div>&#160;</div>
    <div>[Insert Appropriate Wire Instructions for the Tender and Paying Agent]</div>
    <div>&#160;</div>
    <div>[If there is no Tender and Paying Agent or the Tender and Paying Agent does not perform its obligations:] [Insert Appropriate Wire Instructions]</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z53d1f34aa20a41dc866f2573e5b89fb7" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div>Very truly yours,</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">THE BANK OF NEW YORK MELLON</font><font style="font-size: 10pt;">,</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div>as Tender and Paying Agent</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">[To be executed only if there is no Tender and</div>
            <div style="font-weight: bold;">Paying Agent or the Tender and Paying Agent</div>
            <div style="font-weight: bold;">does not perform its obligations]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div>In the case of a Beneficial Owner:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div>[Address of Beneficial Owner]</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit A-2</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit A</font></div>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zb024a4cf71364c6aa3291fdf26daef33" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">[To be executed only if there is no Tender and</div>
            <div style="font-weight: bold;">Paying Agent or the Tender and Paying Agent</div>
            <div style="font-weight: bold;">does not perform its obligations]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div>In the case of an Agent Member of a Beneficial</div>
            <div>Owner:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div>[Address of Agent Member of a Beneficial Owner]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;" rowspan="1"><br>
          </td>
          <td style="vertical-align: top;" colspan="2" rowspan="1"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">[To be executed only if there is no Tender and</div>
            <div style="font-weight: bold;">Paying Agent or the Tender and Paying Agent</div>
            <div style="font-weight: bold;">does not perform its obligations]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div>In the case of a Holder:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div>[Address of Holder]</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit A-3</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <!--PROfilePageNumberReset%Num%1%Exhibit B-%%-->
    <div style="text-align: right; font-weight: bold;"> <font style="font-weight: bold;">Exhibit B<br>
      </font></div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST (THE &#8220;FUND&#8221;)</div>
    <div style="text-align: center; font-weight: bold;">SERIES W-7</div>
    <div style="text-align: center; font-weight: bold;">VARIABLE RATE DEMAND PREFERRED SHARES (&#8220;VRDP Shares&#8221;)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">CUSIP NO. 09248L502</font><font style="font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></font></div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">MANDATORY PURCHASE NOTICE</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In accordance with the Fund&#8217;s Statement of Preferences of VRDP Shares, dated March 31, 2021 (the &#8220;Statement of Preferences&#8221;), the Fund hereby notifies Holders and the Liquidity Provider of the
      Mandatory Purchase of the Outstanding VRDP Shares for purchase by the Liquidity Provider on the Mandatory Purchase Date specified below due to the occurrence of the following Mandatory Purchase Event:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The termination of the VRDP Shares Purchase Agreement prior to or on a Scheduled Termination Date where:</div>
    <div>&#160;</div>
    <div>
      <div style="text-align: justify; margin-right: 20.85pt; margin-left: 85pt;">(i)&#160;&#160;&#160;&#160; at least fifteen (15) days prior to any such termination, the Liquidity Provider has not agreed to an extension or further extension of the Scheduled Termination Date
        to a date not earlier than 180 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement currently in effect;</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-align: justify; margin-right: 20.9pt; margin-left: 85pt;">(ii)&#160;&#160;&#160; at least fifteen (15) days prior to such termination, the Fund has not obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase
        Agreement with a termination date not earlier than 180 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement being replaced; or</div>
      <div>&#160;</div>
      <div style="text-align: justify; margin-right: 20.9pt; margin-left: 85pt;">(iii)&#160;&#160; by the fifteenth (15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day prior to a Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, the Fund has
        not obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 180 days from the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as
        the case may be, of the VRDP Shares Purchase Agreement being replaced.</div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Mandatory Purchase Date for purchase of all Outstanding VRDP Shares by the Liquidity Provider will be [&#9679;], 20[&#9679;].</div>
    <div>
      <div>&#160; </div>
      <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 2px; width: 25%; color: #000000;"></div>
    <table cellspacing="0" cellpadding="0" id="z846807a69b514013b622ffc10fceb682" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 14.4pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible for the selection or use of the CUSIP Numbers selected, nor is any representation made as to its correctness indicated in any notice or as printed on any VRDP
              Shares certificate. It is included solely as a convenience to Holders of VRDP Shares.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit B-1</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit B<br>
      </font></div>
    <div style="text-align: justify; text-indent: 36pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">All Outstanding VRDP Shares will be automatically subject to Mandatory Purchase by the Liquidity Provider at the Purchase Price on the Mandatory Purchase Date, including any VRDP Shares tendered
      pursuant to an Optional Tender or Mandatory Tender for which the Purchase Date has not yet occurred.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In the event that VRDP Shares are issued in certificated form outside the book-entry system of the Securities Depository and a Holder fails to deliver any VRDP Shares to which the Mandatory Purchase
      relates, on or prior to the Mandatory Purchase Date, and the Holder of such VRDP Shares will not be entitled to any payment (including any accumulated but unpaid dividends thereon, whether or not earned or declared) other than the Purchase Price of
      such undelivered VRDP Shares as of the scheduled Purchase Date. Any such undelivered VRDP Shares will be deemed to be delivered to the Tender and Paying Agent, and the Tender and Paying Agent will place stop-transfer orders against the undelivered
      VRDP Shares. Any monies held by the Tender and Paying Agent for the purchase of undelivered VRDP Shares shall be held in a separate account, shall not be invested, and shall be held for the exclusive benefit of the Holder of such undelivered VRDP
      Shares. The undelivered VRDP Shares shall be deemed to be no longer Outstanding (except as to entitlement to payment of the Purchase Price), and the Fund will issue to the purchaser a replacement VRDP Shares certificate in lieu of such undelivered
      VRDP Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Final Notice of Purchase to the Liquidity Provider will automatically be deemed given upon the delivery of this Mandatory Purchase Notice to the Liquidity Provider as provided in the VRDP Shares
      Purchase Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Mandatory Purchase Notice shall be conclusively presumed to have been duly given, whether or not the Holders receive this notice.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Terms used herein and not otherwise defined shall have the meanings given to such terms in the Statement of Preferences</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z535b9c41522c4b17a78d6a2f4e0d1d64" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Dated: [&#9679;]</div>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2" rowspan="1"><br>
          </td>
          <td style="width: 47%; vertical-align: top;" rowspan="1"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">BLACKROCK NEW YORK</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">MUNICIPAL INCOME TRUST</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit B-2</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <!--PROfilePageNumberReset%Num%1%Exhibit C-%%-->
    <div style="text-align: right; font-weight: bold;"> <font style="font-weight: bold;">Exhibit C<br>
      </font></div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST (THE &#8220;FUND&#8221;)</div>
    <div style="text-align: center; font-weight: bold;">&#160;SERIES W-7</div>
    <div style="text-align: center; font-weight: bold;">VARIABLE RATE DEMAND PREFERRED SHARES (&#8220;VRDP Shares&#8221;)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">NOTICE OF TENDER</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z808201d4b61749bf8a6a2ba5fa7b933c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 72pt; vertical-align: top;">Note:</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The substance of this notice must be given by the Beneficial Owner or its Agent Member to The Bank of New York Mellon, as Tender and Paying Agent (the &#8220;<font style="font-weight: bold;">Tender and Paying Agent</font>&#8221;), appointed under the
              Tender and Paying Agent Agreement, dated as of March 31, 2021, between BlackRock New York Municipal Income Trust and the Tender and Paying Agent, in the manner provided in Schedule 1 hereto by email transmission (or if email transmission
              shall be unavailable, by facsimile transmission) at or prior to 2:00 p.m., New York City time, on any Business Day. Any Notice of Tender delivered after 2:00 p.m., New York City time, will be deemed to have been received by the Tender and
              Paying Agent on the next succeeding Business Day and the Purchase Date specified in this Notice of Tender will be adjusted such that the Purchase Date shall be the next succeeding Business Day following the Purchase Date specified in this
              Notice of Tender. The determination of the Tender and Paying Agent as to whether a Notice of Tender has been properly delivered shall be conclusive and binding upon the Beneficial Owner and its Agent Member.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zf615a42e712e4da98adfee251f622e82" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top;">TO:</td>
          <td style="width: auto; vertical-align: top;">
            <div>The Bank of New York Mellon, as Tender and Paying Agent</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In accordance with the Fund&#8217;s Statement of Preferences of VRDP Shares, dated March 31, 2021 (the &#8220;Statement of Preferences&#8221;), the undersigned, [&#9679;], [Beneficial Owner] [Agent Member of
      the Beneficial Owner] of the following VRDP Shares:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z994a6cd71cd74843a4a8c373d8c4cd54" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 24%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">VRDP Shares Series</div>
          </td>
          <td style="width: 1.54%; vertical-align: bottom;">&#160;</td>
          <td style="width: 21.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">CUSIP Number</div>
          </td>
          <td style="width: 1.54%; vertical-align: bottom;">&#160;</td>
          <td style="width: 50%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">Number of VRDP Shares to be Tendered</font><font style="font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 24%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1.54%; vertical-align: top;">&#160;</td>
          <td style="width: 21.54%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">09248L502</div>
          </td>
          <td style="width: 1.54%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt;">hereby notifies you of the election by the Beneficial Owner of the referenced VRDP Shares to tender such VRDP Shares for purchase in the amount set forth above on the Purchase
        Date specified below, which is a Business Day and a date on which such VRDP Shares are subject to Optional Tender for purchase pursuant to a notice given on the date hereof. Such Purchase Date shall be on any day not less than seven (7) days (or,
        if such day is not a Business Day, on the next succeeding Business Day) after delivery of this Notice of Tender.</div>
      <div>&#160;</div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z5686c34658a0415397f6980ffb175892" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Purchase Date:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>
      <div>&#160; </div>
      <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 2px; width: 25%; color: #000000;"></div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z2f0b86a7937542398ade8ac92eb8dd9b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 14.4pt; vertical-align: top;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>VRDP Shares may be tendered only in denominations of $100,000 and integral multiples thereof.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit C-1</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit C</font></div>
        <div> <br>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" id="z83e49fba1562420bb7376d329d2bbccc" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

            <tr>
              <td style="width: 100.00%;">The name and DTC Participant No. of the Agent Member tendering on behalf of the Beneficial</td>
            </tr>

        </table>
      </div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 216pt; vertical-align: top;">Owner is:</td>
            <td style="width: auto; vertical-align: bottom;">
              <div>[&#9679;]</div>
            </td>
          </tr>

      </table>
    </div>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z8dc1cff95faf459fbfbf915d37c2489e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Name of Agent Member:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z04c5330b62f044f79630d38f47a6ca5c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">DTC Participant No. of Agent Member:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z44cb3ad2bbaf44eb9c99d61c9db18f71" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Name of Beneficial Owner:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z79cba568cf154af6b06c3c16a9f6cecf" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Beneficial Owner&#8217;s account number:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>
      <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt;">The person to contact at the Beneficial Owner or its Agent Member</div>
      <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt;">and the related contact information are as follows:</div>
      <div>&#160;</div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z4d656a5151234960b76f5d155f144e03" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Name:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z0ff3efbb7ded4940a39531a3d563832b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Telephone No:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z3dec0e202c39442996dff503ed66ea64" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Email address:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>
      <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt;">The Beneficial Owner or its Agent Member acknowledges and</div>
      <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt;">agrees that the Person or Persons to whom or to whose order the</div>
      <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt;">Purchase Price of the tendered VRDP Shares is to be paid is/are the</div>
      <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt;">same as identified above.</div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; The undersigned acknowledges the obligation of the tendering Beneficial Owner to deliver the VRDP Shares that are the subject of this Notice of Tender (that has not been duly revoked in
      accordance with the procedures referenced in Item 5 below) on or before 2:00 p.m., New York City time on the Purchase Date, and, in accordance with such obligation, the undersigned hereby undertakes to deliver or to cause to be delivered the VRDP
      Shares being sold [directly] or [through an Agent Member] to the Tender and Paying Agent, through the &#8220;funds against delivery&#8221; procedures of the Securities Depository, no later than 2:00 p.m., New York City time, on the Purchase Date. The undersigned
      hereby also assigns and transfers and directs the Securities Depository or its nominee or the Tender and Paying Agent to transfer the tendered VRDP Shares to the purchaser in accordance with the procedures described under the caption &#8220;Remarketing&#8221; in
      the Remarketing Memorandum, dated [&#9679;], [&#9679;], (the &#8220;Remarketing Memorandum&#8221;), relating to the VRDP Shares, and otherwise according to the Securities Depository&#8217;s procedures, in exchange for the payment of the Purchase Price thereof on the Purchase
      Date.</div>
    <div>
      <div>&#160; </div>
      <div style="text-align: justify; text-indent: 36pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The undersigned confirms its agreement that it hereby transfers to the purchaser of the VRDP Shares tendered pursuant to this Notice of Tender the right to receive from the Fund any
        dividends declared and unpaid for each day prior to the purchaser becoming the Beneficial Owner of the VRDP Shares in exchange for payment of the Purchase Price for such VRDP Shares by the purchaser.</div>
      <div style="text-align: justify;">&#160;</div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit C-2</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit C<br>
      </font></div>
    <div style="text-align: right; text-indent: 36pt;"><font style="font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: justify; text-indent: 36pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The undersigned hereby represents and warrants for the benefit of the Tender and Paying Agent, the Remarketing Agent, the Liquidity Provider and the Fund that the undersigned has full
      power and authority to tender, exchange, assign and transfer the VRDP Shares to be tendered hereby, and that the transferee will acquire good and unencumbered title thereto, free and clear of all liens, restrictions, charges and encumbrances and not
      subject to any adverse claim, when the same are tendered.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The undersigned acknowledges that this Notice of Tender is irrevocable and effective upon the receipt by the Tender and Paying Agent, except that a Notice of Revocation to tender any or
      all of the VRDP Shares specified in this Notice of Tender may be delivered by email transmission (or if email transmission shall be unavailable, by facsimile transmission) to the Tender and Paying Agent, not later than 10:00 a.m., New York City time,
      on or prior to the Business Day immediately preceding the Purchase Date; provided, that the revocation will be effective only to the extent set forth in the Remareketing Memorandum.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; Terms used herein and not otherwise defined shall have the meanings given to such terms in the Statement of Preferences.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="zac1783bd945641d69b03f0983c7c4cb9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Dated: [&#9679;]</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2" rowspan="1"><br>
          </td>
          <td style="width: 50%; vertical-align: top;" rowspan="1"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>[Complete applicable signature block below.]</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Print name of Beneficial Owner</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div>[OR]</div>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Print name of Agent Member</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;"><br>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;"><br>
          </td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit C-3</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: right; font-weight: bold;"><font style="font-weight: bold;">Exhibit C</font></div>
    <div style="text-align: center; font-weight: bold;"><font style="font-weight: bold;"></font><br>
      SCHEDULE 1</div>
    <div>&#160; <br>
    </div>
    <div style="text-align: center; font-weight: bold;">NOTICE OF TENDER DELIVERY INFORMATION</div>
    <div style="text-align: center; font-weight: bold;">FOR THE TENDER AND PAYING AGENT AND</div>
    <div style="text-align: center; font-weight: bold;">FOR THE REMARKETING AGENT</div>
    <div>&#160;</div>
    <div style="text-align: justify;">This Notice of Tender must be delivered by the Beneficial Owner or its Agent Member to The Bank of New York Mellon (the &#8220;Tender and Paying Agent&#8221;) by email transmission at the email address listed below or such other
      email address as the Tender and Paying Agent shall designate, (or if email transmission shall be unavailable, by facsimile transmission to the fax number listed below or such other fax number as the Tender and Paying Agent shall designate) at or
      prior to 2:00 p.m., New York City time, on any Business Day. If this Notice of Tender is delivered after 2:00 p.m., New York City time, it will be deemed to have been received by the Tender and Paying Agent on the next succeeding Business Day, and
      the Purchase Date will be adjusted such that the Purchase Date will be the Business Day next succeeding the date specified as the Purchase Date in this Notice of Tender:</div>
    <div>&#160;</div>
    <div style="margin-left: 108pt;">The Bank of New York Mellon</div>
    <div style="margin-left: 108pt;">Corporate Trust Division</div>
    <div style="margin-left: 108pt;">Dealing and Trading Group</div>
    <div style="margin-left: 108pt;">240 Greenwich Street</div>
    <div style="margin-left: 108pt;">Floor 7 East</div>
    <div style="margin-left: 108pt;">New York, New York 10286</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zb67cc5e76e9f48c39af7c38b4a8dba44" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 108pt;">&#160;</td>
          <td style="width: 54pt; vertical-align: top;">Email:</td>
          <td style="width: auto; vertical-align: top;">
            <div>BlackRockTenders@bnymellon.com</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z9e1a9fc6fdfb45c6868b922c9b9dcf1d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top;">Fax:</td>
          <td style="width: auto; vertical-align: top;">
            <div>(212) 815-2830 (only if email transmission is unavailable)</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>This Notice of Tender shall not be deemed to be delivered unless and until the Tender and Paying Agent actually receives it by the above-described means.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit C-4</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <!--PROfilePageNumberReset%Num%1%Exhibit D- %%-->
    <div style="text-align: right; font-weight: bold;"> <font style="font-weight: bold;">Exhibit D<br>
      </font></div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST (THE &#8220;FUND&#8221;)</div>
    <div style="text-align: center; font-weight: bold;">SERIES W-7</div>
    <div style="text-align: center; font-weight: bold;">VARIABLE RATE DEMAND PREFERRED SHARES (&#8220;VRDP Shares&#8221;)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">NOTICE OF REVOCATION</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zcbc1bf80f89a4aeeb2cd0572f4c10a3b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 72pt; vertical-align: top;">Note:</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The substance of this notice must be given to The Bank of New York Mellon (the &#8220;Tender and Paying Agent&#8221;), in the manner provided in Schedule 1 hereto by email transmission (or if email transmission shall be unavailable, by facsimile
              transmission), at or prior to 10:00 a.m., New York City time, on or prior to the Business Day immediately preceding the Purchase Date.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; In accordance with the Fund&#8217;s Statement of Preferences of Variable Rate Demand Preferred Shares (&#8220;VRDP Shares&#8221;) dated September 13, 2011 (the &#8220;Statement of Preferences&#8221;), the undersigned
      [Beneficial Owner] or [Agent Member of the Beneficial Owner] delivered to the Tender and Paying Agent on [&#9679;], [&#9679;], a Notice of Tender (the &#8220;Notice of Tender&#8221;) in connection with an Optional Tender relating to the following VRDP Shares:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z98593908ccf248099bff6adfe59e4063" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 24%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">VRDP Shares Series</div>
          </td>
          <td style="width: 1.54%; vertical-align: bottom;">&#160;</td>
          <td style="width: 21.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">CUSIP Number</div>
          </td>
          <td style="width: 1.54%; vertical-align: bottom;">&#160;</td>
          <td style="width: 50%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">Number of VRDP Shares to be Tendered</font><font style="font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 24%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1.54%; vertical-align: top;">&#160;</td>
          <td style="width: 21.54%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">09248L502</div>
          </td>
          <td style="width: 1.54%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zc38a4b579e6d45c2bd26a848202bd360" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Purchase Date:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>
      <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt;">and specifying the following additional information applicable to such Optional Tender and Notice of Tender:</div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify;">The name and DTC Participant No. of the Agent Member tendering on behalf of the Beneficial Owner is:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z627b2bf5545e4046bfa6f82313472ed8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Name of Agent Member:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z01d9c046edb041eb874ce0290a45f42e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">DTC Participant No. of Agent Member:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z8e62b6c40e424911bd7f5240b655e850" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Name of Beneficial Owner:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z69404bfe4e1647bc86a0d25184277a75" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Beneficial Owner&#8217;s account number:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
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        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z6b6ef11e04f94ca5ac864cada800db61" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Name:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>
      <div style="text-align: justify; margin-right: 72pt; margin-left: 72pt;">The person to contact at the Beneficial Owner or its Agent Member and the related contact information are as follows:</div>
      <div>&#160;</div>
    </div>
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        <tr>
          <td style="width: 216pt; vertical-align: top;">Telephone No:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;<br>
    </div>
    <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 2px; width: 25%; color: #000000;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z459b9e646db54a1ba9279ef5dc458427" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div>VRDP Shares may be tendered only in denominations of $100,000 and integral multiples thereof.</div>
            </td>
          </tr>

      </table>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit D- 1</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit D<br>
      </font></div>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zb3c382ded2d54a6f8b17cf45d90662ba" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 216pt; vertical-align: top;">Email address:</td>
          <td style="width: auto; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; The undersigned, [&#9679;], [Beneficial Owner] [Agent Member of the Beneficial Owner] hereby requests revocation of the following number of VRDP Shares that were the subject of the Notice of
      Tender:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z77c98fbe677f4e17b0d8839e3d1c8fcf" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 24%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">VRDP Shares Series</div>
          </td>
          <td style="width: 1.54%; vertical-align: bottom;">&#160;</td>
          <td style="width: 21.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">CUSIP Number</div>
          </td>
          <td style="width: 1.54%; vertical-align: bottom;">&#160;</td>
          <td style="width: 50%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">Number of VRDP Shares to be Tendered</font><font style="font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 24%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1.54%; vertical-align: top;">&#160;</td>
          <td style="width: 21.54%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">09248L502</div>
          </td>
          <td style="width: 1.54%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; The undersigned hereby acknowledges that this Notice of Revocation shall only be effective as a revocation of the Optional Tender of such number of VRDP Shares that are the subject of
      the Notice of Tender if all of the following conditions are met:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z6077f941027d4acdb0f2afb2968738a2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">(i)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>the Remarketing Agent has not entered into an agreement to sell such VRDP Shares; and</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z7db64fa548c54949b50503be67864b9c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">(ii)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>this Notice of Revocation is received by the Tender and Paying Agent by email transmission (or if email transmission shall be unavailable, by facsimile transmission) not later than 10:00 a m., New York City time, on the Business Day
              immediately preceding the Purchase Date.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; The undersigned hereby acknowledges that this Notice of Revocation is irrevocable.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">5.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; The undersigned acknowledges that this Notice of Revocation shall be effective to revoke the number of VRDP Shares requested to be revoked hereby only if and to the extent that the
      Remarketing Agent has so determined the effectiveness of such revocation with respect to such number of VRDP Shares (as evidenced by the Remarketing Agent below) and, to the extent not so effective, the Beneficial Owner (or its Agent Member on its
      behalf) continues to be obligated to tender such VRDP Shares for purchase for Optional Tender pursuant to and in accordance with the terms and conditions of the Notice of Tender.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; Terms used herein and not otherwise defined shall have the meanings given to such terms in the Statement of Preferences.</div>
    <div>
      <div>&#160; </div>
      <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 2px; width: 25%; color: #000000;"></div>
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z536c782240bf4a7d96425039a9da9f81" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: justify;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: justify;">VRDP Shares may be revoked only in denominations of $100,000 and integral multiples thereof.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; text-indent: -14.4pt; margin-left: 14.4pt;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit D- 2</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit D<br>
      </font></div>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z4d7178719eee43a2adb5a4afefa68ec4" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Dated: [&#9679;]</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>[Complete applicable signature block below.]</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Print name of Beneficial Owner</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 47%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div>[OR]</div>
          </td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Print name of Agent Member</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit D- 3</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: right; font-weight: bold;"> <font style="font-weight: bold;">Exhibit D<br>
      </font></div>
    <div style="text-align: justify; font-weight: bold;"> <br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Extent to which this Notice of Revocation is Effective</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">The undersigned Remarketing Agent has determined in accordance with the Remarketing procedures set forth in the Remarketing Memorandum that the foregoing Notice of Revocation is effective for the
      following number of VRDP Shares that are the subject of the Notice of Tender: [&#9679;] VRDP Shares.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z3a71af96f6334b9ca055169d27cb84c6" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 3%; vertical-align: top;">
            <div>[&#9679;]</div>
          </td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
            <div>By:</div>
          </td>
          <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 47%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
          <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="2">
            <div>Dated: [&#9679;]</div>
          </td>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit D- 4</font></div>
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: right; font-weight: bold;"><font style="font-weight: bold;">Exhibit D</font></div>
    <div style="text-align: center; font-weight: bold;"><font style="font-weight: bold;"></font>SCHEDULE 1</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">NOTICE OF REVOCATION DELIVERY INFORMATION</div>
    <div style="text-align: center; font-weight: bold;">FOR THE TENDER AND PAYING AGENT</div>
    <div>&#160;</div>
    <div style="text-align: justify;">This Notice of Revocation must be delivered by the Beneficial Owner or its Agent Member to The Bank of New York Mellon (the &#8220;Tender and Paying Agent&#8221;) by email transmission at the email address listed below or such
      other email address as the Tender and Paying Agent shall designate, (or if email transmission shall be unavailable, by facsimile transmission to the fax number listed below or such other fax number as the Tender and Paying Agent shall designate) at
      or prior to 10:00 a.m., New York City time, on the Business Day immediately preceding the Purchase Date:</div>
    <div>&#160;</div>
    <div style="margin-left: 108pt;">The Bank of New York Mellon</div>
    <div style="margin-left: 108pt;">Corporate Trust Division</div>
    <div style="margin-left: 108pt;">Dealing and Trading Group</div>
    <div style="margin-left: 108pt;">240 Greenwich Street</div>
    <div style="margin-left: 108pt;">Floor 7 East</div>
    <div style="margin-left: 108pt;">New York, New York 10286</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zd8fc5b90cff64b4aa333c72d6926ebb7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top;">Email:</td>
          <td style="width: auto; vertical-align: top;">
            <div>BlackRockTenders@bnymellon.com</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z548f51e2e9814b12ae58b00dc73c9016" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 108pt;"><br>
          </td>
          <td style="width: 54pt; vertical-align: top;">Fax:</td>
          <td style="width: auto; vertical-align: top;">
            <div>(212) 815-2830 (only if email transmission is unavailable)</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div> <br>
    </div>
  </div>
  <div style="text-align: center;"><font style="font-weight: normal; font-style: normal; font-size: 8pt;" id="DSPFPageNumber">Exhibit D- 5</font><font style="font-size: 8pt;"> </font>
    <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
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<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>brhc10022981_ex99-5.htm
<DESCRIPTION>EXHIBIT 99.5
<TEXT>
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    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.5</font><br>
    </div>
    <br>
    <div>
      <div style="text-align: center;">VRDP SHARES FEE AGREEMENT</div>
      <div>&#160;</div>
      <div style="text-align: center;">dated as of</div>
      <div>&#160;</div>
      <div style="text-align: center;">March 31, 2021</div>
      <div>&#160;</div>
      <div style="text-align: center;">&#160;between</div>
      <div>&#160;</div>
      <div style="text-align: center;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
      <div style="text-align: center;">as Issuer</div>
      <div><br>
      </div>
      <div style="text-align: center;">and</div>
      <div>&#160;</div>
      <div style="text-align: center;">BANK OF AMERICA, N.A.</div>
      <div style="text-align: center;">as Liquidity Provider</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center;">BlackRock New York Municipal Income Trust</div>
      <div style="text-align: center;">Series W-7</div>
      <div style="text-align: center;">Variable Rate Demand Preferred Shares</div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      <div style="text-align: center; font-weight: bold;">TABLE OF CONTENTS<a name="TABLEOFCONTENTS"><!--Anchor--></a></div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="zb7f383d3af7d4c74b5bde76fc34a26ae" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 11%; vertical-align: top;">&#160;</td>
            <td style="width: 76%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;"><u>Page</u></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div>ARTICLE I</div>
            </td>
            <td style="width: 76%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top; text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1" colspan="2">
              <div>DEFINITIONS</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-weight: normal; font-style: italic;">2</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" rowspan="1" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 1.01</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Definitions.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">2</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 1.02</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Incorporation of Certain Definitions by Reference.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">17</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div>ARTICLE II</div>
            </td>
            <td style="width: 76%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top; font-weight: bold; font-style: italic; text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1" colspan="2">
              <div>PURCHASE OBLIGATION</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-weight: normal; font-style: italic;">17</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" rowspan="1" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 2.01</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Commitment to Purchase VRDP Shares; Fees.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">17</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 2.02</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Extension of Scheduled Termination Date.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 2.03</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Sale of VRDP Shares.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 2.04</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Reduction of Available Commitment.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">19</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 2.05</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Fees.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">20</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 2.06</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Operating Expenses.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">20</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 2.07</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">No Deductions; Increased Costs.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">21</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 2.08</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Current Special Rate Period.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">23</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div>ARTICLE III</div>
            </td>
            <td style="width: 76%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top; font-weight: bold; font-style: italic; text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; font-weight: bold; font-style: italic; text-align: right; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" rowspan="1" colspan="2">
              <div>CLOSING DATE</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-weight: normal; font-style: italic;">23</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 3.01</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Conditions to Closing Date</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">23</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div>ARTICLE IV</div>
            </td>
            <td style="width: 76%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top; font-weight: bold; font-style: italic; text-align: right;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; font-weight: bold; font-style: italic; text-align: right; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" rowspan="1" colspan="2">
              <div>REPRESENTATIONS AND WARRANTIES OF THE FUND</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-weight: normal; font-style: italic;">24</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.01</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Existence.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">24</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.02</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Authorization; Contravention.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">24</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.03</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Binding Effect.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">25</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.04</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Financial Information.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">25</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.05</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Litigation.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">25</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.06</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Consents.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.07</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">[Reserved.]</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.08</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Complete and Correct Information.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.09</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">1940 Act Registration.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">26</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.10</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Effective Leverage Ratio; Minimum VRDP Shares Asset Coverage.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">27</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.11</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="font-style: italic; font-weight: bold;">Investment Policies.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">27</div>
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          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="font-style: italic; font-weight: bold;">SECTION 4.12</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-style: italic; font-weight: bold;">Credit Quality.</div>
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            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">27</div>
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          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="vertical-align: top;" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
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          <tr>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
              <div>ARTICLE V</div>
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            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 5%; vertical-align: top; font-weight: bold; font-style: italic; text-align: right; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" rowspan="1" colspan="2">
              <div>REPRESENTATIONS AND WARRANTIES OF THE LIQUIDITY PROVIDER</div>
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            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-weight: normal; font-style: italic;">27</div>
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          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.01</div>
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            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Existence.</div>
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            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">27</td>
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          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.02</div>
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            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Authorization; Contravention.</div>
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            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">27</td>
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          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.03</div>
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            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Binding Effect.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">27</td>
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          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.04</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Financial Information.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">28</td>
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          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.05</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Litigation.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">28</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.06</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Consents.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">28</td>
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          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.07</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">[Reserved.]</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">28</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.08</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Ranking.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">28</td>
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          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.09</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Related Party.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">29</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 5.10</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Debt Rating.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">29</td>
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          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
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          <tr>
            <td style="vertical-align: top;" colspan="3">
              <div style="margin-right: 21.6pt;">ARTICLE VI</div>
            </td>
            <td style="width: 76%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1" colspan="2">
              <div style="margin-right: 21.6pt;">COVENANTS OF THE FUND</div>
            </td>
            <td style="vertical-align: top; width: 5%; font-style: italic; font-weight: normal; text-align: right; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1">29</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" rowspan="1" colspan="2">&#160;</td>
            <td style="vertical-align: top; width: 5%; font-style: italic; font-weight: bold; text-align: right;" rowspan="1" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.01</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Information.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">29</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.02</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">No Amendment or Certain Other Actions Without Consent of the Liquidity Provider.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">32</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.03</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Notices and Consents Regarding Remarketing Agent and the Tender and Paying Agent.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">32</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.04</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Maintenance of Existence.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">32</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.05</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Ratings.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">32</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.06</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Tax Status of the Fund.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">33</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.07</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Deposit Securities.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">33</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.08</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Payment Obligations.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">33</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.09</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Compliance With Law.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">33</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.10</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Maintenance of Approvals: Filings, Etc.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">33</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.11</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Inspection Rights.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">33</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.12</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Permitted Liens.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">33</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.13</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Litigation, Etc.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">34</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.14</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">1940 Act Registration.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">34</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.15</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Purchase by Affiliates.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">34</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.16</div>
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            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Eligible Assets.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">34</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.17</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Credit Quality.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">34</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.18</div>
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            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Leverage Ratio.</div>
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            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">35</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.19</div>
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            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Engagement of Remarketing Agent and Tender and Paying Agent.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">35</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.20</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">[Intentionally Omitted.]</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">35</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.21</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Failed Remarketing Condition&#8212;Purchased VRDP Shares Redemption.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">36</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.22</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Failed Remarketing Condition Liquidity Account.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">37</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.23</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Maintenance of Minimum VRDP Shares Asset Coverage.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">38</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.24</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Issuance of Senior Securities.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">39</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 6.25</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Satisfaction of Conditions to Closing Date.</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">39</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="vertical-align: top;" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
              <div style="margin-right: 21.6pt;">ARTICLE VII</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="vertical-align: top;" colspan="3">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
            <td style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" rowspan="1" colspan="2">
              <div style="margin-right: 21.6pt;">COVENANTS OF THE LIQUIDITY PROVIDER</div>
            </td>
            <td style="width: 5%; vertical-align: top; font-style: italic; font-weight: bold; text-align: right; background-color: rgb(204, 238, 255);" rowspan="1" colspan="1"><font style="font-weight: normal;">39</font></td>
          </tr>

      </table>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">ii</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
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          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 7.01</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Proceedings.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">39</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 7.02</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Waiver.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">39</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 7.03</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Payment Obligations.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">40<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 7.04</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Compliance With Law.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">40<br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 7.05</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Maintenance of Approvals: Filings, Etc.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">40</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 7.06</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">No Amendment Without Consent of the Fund.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">40</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 7.07</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">[Intentionally Omitted.]</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">40</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 7.08</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Additional Information.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">40</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 7.09</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Obligation to Execute Related Documents.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">41</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="vertical-align: top;" colspan="2">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="3">
              <div style="margin-right: 21.6pt;">ARTICLE VIII</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 5%; vertical-align: top; text-align: right; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 11%; vertical-align: top;">
              <div style="margin-right: 21.6pt;">MISCELLANEOUS</div>
            </td>
            <td style="width: 76%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right;">41</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 3%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 11%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.01</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Notices.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">41</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.02</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">No Waivers.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">42</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.03</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Expenses and Indemnification.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">43</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.04</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Amendments and Waivers.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">45</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.05</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Successors and Assigns.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">45</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.06</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Term of this Agreement.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">46</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.07</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Governing Law.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.08</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Waiver of Jury Trial.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.09</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Counterparts.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.10</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Beneficiaries.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.11</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Entire Agreement.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.12</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Inconsistency Between Documents.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.13</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Regulatory Matters.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">47</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.14</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Nonpetition Covenant.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">48</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.15</div>
            </td>
            <td style="width: 76%; vertical-align: top;">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Confidentiality.</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; font-style: italic; font-weight: bold;">48</div>
            </td>
          </tr>
          <tr>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="vertical-align: top; background-color: rgb(204, 238, 255);" colspan="2">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">SECTION 8.16</div>
            </td>
            <td style="width: 76%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="margin-right: 21.6pt; font-style: italic; font-weight: bold;">Applicable Law.</div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-style: italic; font-weight: bold;">50<br>
              </div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z900de30338454149a5fd56482afeab99" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 10%; vertical-align: top;">Schedule I</td>
                <td style="width: 4%; vertical-align: top;">&#8212;<br>
                </td>
                <td style="width: 86%; vertical-align: top; text-align: justify;">Litigation</td>
              </tr>

          </table>
        </div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" border="0" id="z3f6852450fa34dde9db8aeb027f5b62e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 10%; vertical-align: top;">Schedule II<br>
                </td>
                <td style="width: 4%; vertical-align: top;">&#8212;<br>
                </td>
                <td style="width: 86%; vertical-align: top; text-align: justify;">Current Special Rate Period</td>
              </tr>

          </table>
        </div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="ze4ace2f20d204eeca30499a642114427" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

              <tr>
                <td style="width: 10%; vertical-align: top;">Exhibit A<br>
                </td>
                <td style="width: 4%; vertical-align: top;">&#8212;<br>
                </td>
                <td style="width: 86%; vertical-align: top; text-align: justify;">Eligible Assets</td>
              </tr>

          </table>
        </div>
      </div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">iii</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%1%%%-->
      <div style="text-align: center; font-weight: bold;">VRDP SHARES FEE AGREEMENT</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">VRDP SHARES FEE AGREEMENT </font><font style="font-size: 10pt;">dated as of March 31, 2021, between <font style="font-weight: bold;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</font>, a closed-end investment company organized as a Delaware statutory trust, as issuer (the &#8220;<font style="font-weight: bold; font-style: italic;">Fund</font>&#8221;), and <font style="font-weight: bold;">BANK OF AMERICA, N.A.</font>, a national banking association, including its successors and assigns, as liquidity provider (the &#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Provider</font>&#8221;).</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Fund has authorized the issuance of 945 Series W-7 Variable Rate Demand
          Preferred Shares, par value $0.001 per share, with a liquidation preference of $100,000 per share (the &#8220;<font style="font-weight: bold; font-style: italic;">Series W-7 VRDP Shares</font>&#8221;), in connection with the refinancing of its Variable Rate
          Muni Term Preferred Shares, and intends to issue an additional 849 Series W-7 VRDP Shares in connection with the reorganization of each of each of <font style="color: rgb(0, 0, 0);">BlackRock New York Municipal Income Trust II and BlackRock New
            York Municipal Income Quality Trust</font> into the Fund (such additional 849 Series W-7 VRDP Shares, the &#8220;<font style="font-weight: bold; font-style: italic;">Reorganization Shares</font>&#8221;);</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the parties wish for the Outstanding Shares and, following their issuance, the
          Reorganization Shares, to be subject to this Agreement, accordingly the term &#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares</font>&#8221; as used herein shall refer initially to the Outstanding Shares, and, following the issuance of
          the Reorganization Shares, will refer, collectively, to the Outstanding Shares and the Reorganization Shares;</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Fund wishes to enhance the liquidity of the VRDP Shares by providing for the
          right of Holders (as defined below) and Beneficial Owners (as defined below) to tender VRDP Shares pursuant to the Statement of Preferences (as defined below) and for the obligation of the Liquidity Provider to purchase VRDP Shares pursuant to
          the Purchase Obligation (as defined below);</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the original issuance of the VRDP Shares by the Fund is conditioned upon, and
          subject to, the Purchase Obligation being in effect with respect to the VRDP Shares; and</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS, </font><font style="font-size: 10pt;">the Statement of Preferences provides that the Fund for the benefit of the Holders
          and Beneficial Owners of VRDP Shares shall (i) maintain a VRDP Shares Purchase Agreement (as defined below) providing a Purchase Obligation on an ongoing basis to the extent that the Fund can do so on a commercially reasonable basis, and (ii)
          provide Holders and Beneficial Owners with advance notice of any termination of the Purchase Obligation;</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS, </font><font style="font-size: 10pt;">the Fund has designated a Special Rate Period for the VRDP Shares pursuant to, and
          in accordance with, the Statement of Preferences (the &#8220;<font style="font-weight: bold; font-style: italic;">Current Special Rate Period</font>&#8221;). The Current Special Rate Period will terminate on April 15, 2022 or such later date to which it may
          be extended in accordance with the terms set forth thereunder pursuant to the Notice of Special Rate Period attached to the Statement of Preferences as Appendix A (the &#8220;<font style="font-weight: bold; font-style: italic;">Current Notice of
            Special Rate Period</font>&#8221;); and</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">NOW, THEREFORE</font><font style="font-size: 10pt;">, in consideration of the respective agreements contained herein, the parties
          hereto agree as follows:</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">1</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805670"></a>ARTICLE I</div>
      <div style="text-align: center; font-weight: bold;">DEFINITIONS</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805671"></a><font style="font-weight: bold; font-style: italic;">SECTION 1.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Definitions.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The following terms, as used herein, have the following meanings:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">1940 Act</font>&#8221; means the Investment Company Act of 1940, as amended.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agent Member</font>&#8221; means a Person with an account at the Securities Depository that holds one or more VRDP Shares through the Securities
        Depository, directly or indirectly, for a Beneficial Owner and that will be authorized and instructed, directly or indirectly, by a Beneficial Owner to disclose information to the Remarketing Agent and the Tender and Paying Agent with respect to
        such Beneficial Owner.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agreement</font>&#8221; means this VRDP Shares Fee Agreement, as the same may be amended, restated, supplemented or otherwise modified from time to
        time in accordance with the terms hereof.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agreement and Declaration of Trust</font>&#8221; means the Amended and Restated Agreement and Declaration of Trust, as amended and supplemented, of
        the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Alternate VRDP Shares Purchase Agreement</font>&#8221; means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase
        Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Applicable Rate</font>&#8221; means the dividend rate per annum on any share of VRDP Shares for a Rate Period determined as set forth in Section
        2(e)(i) of Part I of the Statement of Preferences or in the definition of &#8220;Maximum Rate,&#8221; as applicable.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Available Commitment</font>&#8221; as of any day means, with respect to the VRDP Shares, the sum of the aggregate Liquidation Preference of the VRDP
        Shares then Outstanding plus all accumulated but unpaid dividends, whether or not earned or declared.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Basic Maintenance Amount</font>,&#8221; as of any Valuation Date, has the meaning set forth in the Rating Agency Guidelines.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Beneficial Owner</font>&#8221; means a Person in whose name VRDP Shares are recorded as beneficial owner of such VRDP Shares by the Securities
        Depository, an Agent Member or other securities intermediary on the records of such Securities Depository, Agent Member or securities intermediary, as the case may be, or such Person&#8217;s subrogee, including the Liquidity Provider to the extent it is
        at any time such a beneficial owner of VRDP Shares (irrespective of any assignment or transfer by the Liquidity Provider of its voting rights).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Board</font>&#8221; means the Board of Trustees of the Fund or any duly authorized committee thereof.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Business Day</font>&#8221; means a day other than a day (a) on which commercial banks in The City of New York, New York are required or authorized by
        law or executive order to close or (b) on which the New York Stock Exchange is closed.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Closing Date</font>&#8221; means March 31, 2021 subject to the satisfaction of the conditions specified in Section 3.01.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Code</font>&#8221; means the Internal Revenue Code of 1986, as amended.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Common Shares</font>&#8221; means common shares of beneficial interest, par value $0.001 per share, of the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Conditional Acceptance</font>&#8221; means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Confidential Information</font>&#8221; has the meaning set forth in Section 8.15.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Custodian</font>&#8221; means a bank, as defined in Section 2(a)(5) of the 1940 Act, that has the qualifications prescribed in paragraph 1 of Section
        26(a) of the 1940 Act, or such other entity as shall be providing custodian services to the Fund as permitted by the 1940 Act or any rule, regulation, or order thereunder, and shall include, as appropriate, any similarly qualified sub-custodian
        duly appointed by the Custodian.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Date of Original Issue</font>,&#8221; with respect to the VRDP Shares, means the date on which the Fund initially issued such VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Defeased Securities</font>&#8221; means a security for which cash, cash equivalents or other eligible property has been pledged in an amount
        sufficient to make all required payments on such security to and including maturity, in accordance with the instrument governing the issuance of such security.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Deposit Securities&#8221; </font>means, as of any date, any United States dollar-denominated security or other investment of a type described below
        that either (i) is a demand obligation payable to the holder thereof on any Business Day or (ii) has a maturity date, mandatory redemption date or mandatory payment date, on its face or at the option of the holder, preceding the relevant payment
        date in respect of which such security or other investment has been deposited or set aside as a Deposit Security:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;cash or any cash equivalent;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any U.S. Government Security;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; any Municipal Obligation that has a credit rating from at least one NRSRO that is the highest applicable rating generally ascribed by such NRSRO to Municipal Obligations with
        substantially similar terms as of the date of the Statement of Preferences (or such rating&#8217;s future equivalent), including (A) any such Municipal Obligation that has been pre-refunded by the issuer thereof with the proceeds of such refunding having
        been irrevocably deposited in trust or escrow for the repayment thereof and (B) any such fixed or variable rate Municipal Obligation that qualifies as an eligible security under Rule 2a-7 under the 1940 Act;</div>
      <div style="text-align: justify; text-indent: 36pt;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160; any investment in any money market fund registered under the 1940 Act that qualifies under Rule 2a-7 under the 1940 Act, or similar investment vehicle described in Rule 12d1-1(b)(2)
        under the 1940 Act, that invests principally in Municipal Obligations or U.S. Government Securities or any combination thereof; or</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(5)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;any letter of credit from a bank or other financial institution that has a credit rating from at least one NRSRO that is the highest applicable rating generally ascribed by such NRSRO
        to bank deposits or short-term debt of similar banks or other financial institutions as of the date of the Statement of Preferences (or such rating&#8217;s future equivalent).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Derivative Contract&#8221; </font>means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate
        transactions, commodity swaps, commodity options, forward commodity contracts, forward swap transactions, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward
        bond index transactions, futures contracts, repurchase transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap
        transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject
        to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and
        Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a &#8220;<font style="font-weight: bold;">Master Agreement</font>&#8221;),
        including any such obligations or liabilities under any Master Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Derivative Termination Value&#8221; </font>means, in respect of any one or more Derivative Contracts, after taking into account the effect of any
        legally enforceable netting agreement relating to such Derivative Contracts, (a) for any date on or after the date such Derivative Contracts have been closed out and termination value(s) determined in accordance therewith, such termination
        value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Derivative Contracts, as determined based upon one or more mid-market or other readily available quotations
        provided by any recognized dealer in such Derivative Contracts (which may include the Liquidity Provider or an affiliate of the Liquidity Provider).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Discounted Value</font>&#8221; as of any Valuation Date, shall have the meaning set forth in the Rating Agency Guidelines.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Dividend Payment Date</font>&#8221; except as otherwise provided in Section 2(d) of Part I of the Statement of Preferences, means the date that is
        the first Business Day of each calendar month.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Dividend Period</font>,&#8221; with respect to VRDP Shares, means the period from, and including, the Date of Original Issue of VRDP Shares to, but
        excluding, the initial Dividend Payment Date for VRDP Shares and any period thereafter from, and including, one Dividend Payment Date for VRDP Shares to, but excluding, the next succeeding Dividend Payment Date for VRDP Shares.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Effective Leverage Ratio</font>&#8221; means the quotient of:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(A)&#160;&#160;&#160;&#160;&#160;&#160;&#160; the sum of (i) the aggregate liquidation preference of the Fund&#8217;s &#8220;senior securities&#8221; (as that term is defined in the 1940 Act) that are stock, plus any accumulated but unpaid dividends
        thereon, excluding, without duplication, (x) any such senior securities for which the Fund has issued a Notice of Redemption and either has delivered Deposit Securities to the Tender and Paying Agent or otherwise has adequate Deposit Securities on
        hand and segregated on the books and records of the Custodian for the purpose of such redemption; (ii) the aggregate principal amount of a Fund&#8217;s &#8220;senior securities representing indebtedness&#8221; (as that term is defined in the 1940 Act), plus any
        accrued but unpaid interest thereon; (iii) the aggregate principal amount of floating rate trust certificates corresponding to the associated residual floating rate trust certificates owned by the Fund (less the aggregate principal amount of any
        such floating rate trust certificates owned by the Fund and corresponding to the associated residual floating rate trust certificates owned by the Fund); and (iv) the aggregate amount of the Fund&#8217;s repurchase obligations under repurchase
        agreements.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic;">divided by</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the Market Value of the Fund&#8217;s total assets (including amounts attributable to assets financed with the proceeds of the instruments referred to in clause (A) above but excluding Deposit
        Securities segregated at the Custodian in accordance with clause (A) above).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Effective Leverage Ratio Cure Period</font>&#8221; has the meaning set forth in Section 6.18.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Electronic Means</font>&#8221; means email transmission, facsimile transmission or other similar electronic means of communication providing evidence
        of transmission (but excluding online communications systems covered by a separate agreement) acceptable to the sending party and the receiving party, in any case if operative as between any two parties, or, if not operative, by telephone (promptly
        confirmed by any other method set forth in this definition), which, in the case of notices to the Tender and Paying Agent, shall be sent by such means as set forth in Section 7.02 of the Tender and Paying Agent Agreement or as specified in the
        related notice.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Eligible Assets</font>&#8221; means the instruments listed on Exhibit A to this Agreement, as amended from time to time with the prior consent of the
        Liquidity Provider.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold; font-style: italic;">&#8220;Exchange Act&#8221; </font><font style="font-size: 10pt;">means the U.S. Securities Exchange Act of 1934, as
          amended.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Extraordinary Corporate Event</font>&#8221; means as to the Liquidity Provider, (i) the consolidation, amalgamation with, or merger with or into or
        the transfer of all or substantially all of the Liquidity Provider&#8217;s assets to another entity, or (ii) the dissolution, for any reason, of the Liquidity Provider other than in connection with the consolidation, amalgamation with, or merger with or
        into another entity or the transfer of all or substantially all of the Liquidity Provider&#8217;s assets; provided, however, that with respect to (i) above, an Extraordinary Corporate Event does not include any of the listed occurrences where (x) the
        surviving entity, or transferee of all or substantially all of the Liquidity Provider&#8217;s assets (a) assumes all of the obligations of the Liquidity Provider under the terms of the VRDP Shares Purchase Agreement and (b) has short-term debt ratings in
        one of the two highest rating categories from the Requisite NRSROs and (y) the Liquidity Provider has provided notice in writing to the Fund confirming the information described in (x) at least 10 days prior to the scheduled date of the applicable
        listed occurrence in (i) above.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-style: italic;">&#8220;</font><font style="font-size: 10pt; font-weight: bold; font-style: italic;">Failed Remarketing Condition</font><font style="font-size: 10pt;">&#8221; means a Failed Remarketing Condition&#8212;Purchased VRDP Shares or a Failed Remarketing Condition&#8212;Unpurchased VRDP Shares.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Failed Remarketing Condition</font>&#8212;<font style="font-weight: bold; font-style: italic;">Purchased VRDP Shares</font>&#8221; means that the Liquidity
        Provider acquires and continues to be the beneficial owner for federal income tax purposes of any VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory
        Purchase) on any Purchase Date including VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Failed Remarketing Condition</font>&#8212;<font style="font-weight: bold; font-style: italic;">Purchased VRDP Shares Redemption</font>&#8221; means
        redemption by the Fund, at a redemption price equal to $100,000 per share <font style="font-style: italic;">plus </font>accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board
        for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a continuous period of six months during which such
        VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed (i.e., a Failed Remarketing Condition&#8212;Purchased VRDP Shares shall have occurred and be continuing for such
        period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of Section 6.21 of this Agreement and the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Failed Remarketing Condition&#8212;Unpurchased VRDP Shares</font>&#8221; means that a Beneficial Owner (other than the Liquidity Provider or its
        affiliates) continues to hold VRDP Shares, that were subject to a Tender in accordance with the VRDP Shares Purchase Agreement, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares
        pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) (&#8220;<font style="font-weight: bold;">Unpurchased VRDP Shares</font>&#8221;), until such time as all Outstanding Unpurchased VRDP Shares are (i)
        successfully remarketed pursuant to a Remarketing, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully remarketed pursuant to a Remarketing or purchased by the Liquidity Provider pursuant to
        the Purchase Obligation, the subject of a properly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events
        (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Final Notice of Purchase</font>&#8221; means, in connection with an Optional Tender or a Mandatory Tender, a Notice of Purchase delivered by the
        Tender and Paying Agent to the Liquidity Provider (or directly to the Liquidity Provider by Beneficial Owners or their Agent Members, in the case of an Optional Tender, or Holders, in the case of a Mandatory Tender, if there is no Tender and Paying
        Agent or for any reason the Tender and Paying Agent does not perform its obligations) on the Purchase Date indicating the number of VRDP Shares to be purchased on such date pursuant to the Purchase Obligation, or, in connection with a Mandatory
        Purchase, the Mandatory Purchase Notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fitch</font>&#8221; means Fitch Ratings.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fitch Discount Facto</font><font style="font-weight: bold;">r</font>&#8221; means the discount factors set forth in the Fitch Guidelines for use in
        calculating the Discounted Value of the Fund&#8217;s assets in connection with Fitch&#8217;s long-term preferred shares ratings of the VRDP Shares at the request of the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fitch Eligible Assets</font>&#8221; means assets of the Fund set forth in the Fitch Guidelines as eligible for inclusion in calculating the
        Discounted Value of the Fund&#8217;s assets in connection with Fitch&#8217;s long-term preferred shares ratings of the VRDP Shares at the request of the Fund</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fitch Guidelines</font>&#8221; means the guidelines applicable to Fitch&#8217;s current long-term preferred shares ratings of the VRDP Shares, provided by
        Fitch in connection with Fitch&#8217;s long- term preferred shares ratings of shares of a Series of VRDP Shares at the request of the Fund (a copy of which is available on request to the Fund), in effect on the date hereof and as may be amended from time
        to time, <u>provided</u>, <u>however</u>, that any such amendment will not be effective for thirty (30) days from the date that Fitch provides final notice of such amendment to the Fund</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fund</font>&#8221; has the meaning set forth in the preamble to this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">&#8220;</font><font style="font-size: 10pt; font-weight: bold; font-style: italic;">Fund Insolvency Event</font><font style="font-size: 10pt; font-weight: bold;">&#8221; </font><font style="font-size: 10pt;">means that the Fund becomes a debtor under Title 11 of the United States Bankruptcy Code or becomes subject to insolvency or liquidation proceedings under any United States
          federal or state, or any other law.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Holder</font>&#8221; means a Person in whose name a VRDP Share is registered in the registration books of the Fund maintained by the Tender and
        Paying Agent.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The word &#8220;<font style="font-weight: bold; font-style: italic;">including</font>&#8221; means &#8220;including without limitation.&#8221;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Indemnified Persons</font>&#8221; means, as applicable, the Fund and its affiliates and trustees, officers, partners, employees, agents,
        representatives and control persons within the meaning of the Exchange Act, entitled to indemnification by the Liquidity Provider, or the Liquidity Provider and its affiliates and directors, officers, partners, employees, agents, representatives
        and control persons within the meaning of the Exchange Act, entitled to indemnification by the Fund, in each case, under Section 8.03.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Initial Rate Period</font>&#8221; with respect to the VRDP Shares, means the period commencing on and including the Date of Original Issue thereof
        and ending on, and including, the next succeeding Wednesday, as set forth under &#8220;Designation&#8221; in the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Investment Adviser</font>&#8221; means BlackRock Advisors LLC, or any successor company or entity.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Legal Process</font>&#8221; has the meaning set forth in Section 8.15.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidation Preference,</font>&#8221; with respect to a given number of VRDP Shares, means $100,000 times that number.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Account</font>&#8221; has the meaning set forth in Section 6.22(a).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Account Investments</font>&#8221; means Deposit Securities or any other security or investment owned by the Fund that is rated not less
        than A-/A3 or the equivalent rating (or any such rating&#8217;s future equivalent) by each NRSRO then rating such security or investment (or if rated by only one NRSRO, by such NRSRO) or, if no NRSRO is then rating such security, deemed to be, with the
        prior written consent of the Liquidity Provider, of an equivalent rating by the Investment Adviser on the Fund&#8217;s books and records.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Provider</font>&#8221; has the meaning set forth in the preamble of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Provider Information</font>&#8221; means (i) the information under the captions &#8220;Summary&#8211;Liquidity Provider&#8221; and &#8220;Liquidity Provider&#8221; in
        the Offering Memorandum and (ii) any information in the Remarketing Materials under the captions &#8220;Summary Liquidity Provider&#8221; or &#8220;Liquidity Provider&#8221;, which in each case has been furnished in writing by the Liquidity Provider or its affiliates for
        inclusion therein (including without limitation through incorporation by reference). </div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">&#8220;</font><font style="font-size: 10pt; font-weight: bold; font-style: italic;">Liquidity Provider Ratings Event</font><font style="font-size: 10pt; font-weight: bold;">&#8221; </font><font style="font-size: 10pt;">means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Provider Ratings Event Termination Date</font>&#8221; means the date established by the Tender and Paying Agent, acting upon instructions
        of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Shares Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days
        following the date on which such Liquidity Provider Ratings Event first occur.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Requirement</font>&#8221; has the meaning set forth in Section 6.22(b).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Managed Assets</font>&#8221; means the Fund&#8217;s total assets (including any assets attributable to money borrowed for investment purposes) minus the
        sum of the Fund&#8217;s accrued liabilities (other than money borrowed for investment purposes). For the avoidance of doubt, assets attributable to money borrowed for investment purposes includes the portion of the Fund&#8217;s assets in a TOB Trust of which
        the Fund owns the residual interest (without regard to the value of the residual interest to avoid double counting).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Purchase</font>&#8221; means the mandatory purchase of Outstanding VRDP Shares by the Liquidity Provider pursuant to the VRDP Shares
        Purchase Agreement in connection with a Mandatory Purchase Event.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Purchase Date</font>&#8221; means the Purchase Date for a Mandatory Purchase in accordance with the Statement of Preferences and the VRDP
        Shares Purchase Agreement.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Purchase Event</font>&#8221; means, (i) in connection with the termination of the VRDP Shares Purchase Agreement due to its expiration as
        of a Scheduled Termination Date, by the fifteenth day prior to any such Scheduled Termination Date, (a) the Liquidity Provider shall not have agreed to an extension or further extension of the Scheduled Termination Date to a date not earlier than
        180 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement then in effect, and (b) the Fund shall not have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement with a termination
        date not earlier than 180 days from the Scheduled Termination Date of the VRDP Shares Purchase Agreement being replaced, or (ii) in connection with the termination of the VRDP Shares Purchase Agreement due to a Liquidity Provider Ratings Event or
        Related Party Termination Event, by the fifteenth day prior to the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, the Fund shall not have obtained and delivered to the Tender and Paying
        Agent an Alternate VRDP Shares Purchase Agreement with a termination date not earlier than 180 days from the Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Shares Purchase
        Agreement being replaced. The Mandatory Purchase Event shall be deemed to occur on such fifteenth day prior to any Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Purchase Notice</font>&#8221; means, in connection with the Mandatory Purchase of VRDP Shares, a notice substantially in the form attached
        to the VRDP Shares Purchase Agreement as Exhibit B, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory
        Purchase Date.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Tender</font>,&#8221; with respect to a Mandatory Tender Event, means the mandatory tender of all VRDP Shares by Holders for Remarketing,
        or, in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the
        Tender and Paying Agent for Remarketing (<u>provided</u>, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider at the Purchase Price pursuant to
        Section 2 of Part II of the Statement of Preferences and the VRDP Shares Purchase Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Tender Event</font>&#8221; means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the
        occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings
        Event also results in a Mandatory Purchase Event; provided that, following restoration of the short-term debt ratings to the requisite level, a subsequent Liquidity Provider Ratings Event shall constitute a new Mandatory Tender Event); (c) in the
        event of a failure by the Fund to pay the Liquidity Provider the applicable fee when due under the terms of this Agreement if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay
        such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate VRDP
        Shares Purchase Agreement by the 15th day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Shares Purchase Agreement being replaced; (f)
        the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with the Statement of Preferences, except in the case of an Initial Special Rate Period; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio
        covenant with the Liquidity Provider set forth in Section 6.18 of this Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the
        Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund and the Tender and Paying Agent that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach
        prior to the delivery date of such notice from the Liquidity Provider).</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Tender Notice</font>&#8221; means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to
        the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory
        Tender Event and Purchase Date.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Market Value</font>&#8221; of any asset of the Fund means the market value thereof determined by an independent third-party pricing service
        designated pursuant to the Fund&#8217;s valuation policies and procedures approved from time to time by the Board for use in connection with the determination of the Fund&#8217;s net asset value. Market Value of any asset shall include any interest or
        dividends, as applicable, accrued thereon. The pricing service values portfolio securities at the mean between the quoted bid and asked price or the yield equivalent when quotations are readily available. Securities for which quotations are not
        readily available are valued at fair value as determined by the pricing service using methods which include consideration of: yields or prices of municipal bonds of comparable quality, type of issue, coupon, maturity and rating; indications as to
        value from dealers; and general market conditions. The pricing service may employ electronic data processing techniques or a matrix system, or both, to determine valuations.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Maximum Rate</font>&#8221; with respect to the VRDP Shares, has the meaning specified in the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Minimum Rate Period</font>&#8221; means any Rate Period consisting of seven Rate Period Days, as adjusted to reflect any changes when the regular day
        that is a Rate Determination Date is not a Business Day.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Minimum VRDP Shares Asset Coverage</font>&#8221; means asset coverage, as defined in Section 18(h) of the 1940 Act as of the date hereof (excluding
        (1) from the denominator of such asset coverage test any such senior securities for which the Fund has issued a Notice of Redemption and either has delivered Deposit Securities to the Tender and Paying Agent or otherwise has adequate Deposit
        Securities on hand and segregated on the books and records of the Custodian for the purpose of such redemption and (2) from the numerator of such asset coverage test, any Deposit Securities referred to in the previous clause (1)), with such changes
        thereafter as agreed with the prior written consent of the Liquidity Provider, of at least 200% or such higher percentage as required and specified in this Agreement, but, in any event, not more than 250%, with respect to all outstanding senior
        securities of the Fund which are stock, including all Outstanding VRDP Shares (or, in each case, if higher, such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities
        which are stock of a closed-end investment company as a condition of declaring dividends on its common shares or stock).</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold; font-style: italic;">&#8220;Minimum VRDP Shares Asset Coverage Cure Date&#8221; </font><font style="font-size: 10pt;">with respect to the
          failure by the Fund to maintain the Minimum VRDP Shares Asset Coverage (as required by the Statement of Preferences and this Agreement) as of the last Business Day of each month, means the tenth Business Day of the following month.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Moody&#8217;s</font>&#8221; means Moody&#8217;s Investors Service, Inc., a Delaware corporation, and its successors.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Moody&#8217;s Discount Factor</font>&#8221; means the discount factors set forth in the Moody&#8217;s Guidelines for use in calculating the Discounted Value of
        the Fund&#8217;s assets in connection with Moody&#8217;s long-term preferred share ratings of the VRDP Shares at the request of the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Moody&#8217;s Eligible Assets</font>&#8221; means assets of the Fund set forth in the Moody&#8217;s Guidelines as eligible for inclusion in calculating the
        Discounted Value of the Fund&#8217;s assets in connection with Moody&#8217;s long-term preferred share ratings of the VRDP Shares at the request of the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Moody&#8217;s Guidelines</font>&#8221; means the guidelines applicable to Moody&#8217;s current long-term preferred share ratings of the VRDP Shares, provided by
        Moody&#8217;s in connection with Moody&#8217;s ratings of shares of a Series of VRDP Shares at the request of the Fund (a copy of which is available on request of the Fund), in effect on the date hereof and as may be amended from time to time, provided,
        however that any such amendment will not be effective for thirty (30) days from the date that Moody&#8217;s provides final notice of such amendment to the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Municipal Obligations</font>&#8221; means municipal bonds as described in the section entitled &#8220;The Fund&#8217;s Investments&#8211;Description of Municipal
        Bonds&#8221; in the Offering Memorandum.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Purchase</font>&#8221; means, as the context requires, a Preliminary Notice of Purchase or a Final Notice of Purchase, in each case,
        substantially in the form attached as Exhibit A to the VRDP Shares Purchase Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Redemption</font>&#8221; means any notice with respect to the redemption of VRDP Shares pursuant to paragraph (c) of Section 10 of Part I
        of the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Revocation</font>&#8221; means, in connection with the revocation by a Beneficial Owner or its Agent Member of its Notice of Tender, a
        notice, substantially in the form attached to the Tender and Paying Agent Agreement as Exhibit C, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to revoke the tender of some or all of the
        VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Tender</font>&#8221; means, in connection with an Optional Tender, a notice, substantially in the form attached to the Tender and Paying
        Agent Agreement as Exhibit A, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to tender VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of the Statement of
        Preferences.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">NRSRO</font>&#8221; means a &#8220;nationally recognized statistical rating organization&#8221; within the meaning of Section 3(a)(62) of the Exchange Act, that
        is not an &#8220;affiliated person&#8221; (as defined in Section 2(a)(3) of the 1940 Act) of the Fund or the Liquidity Provider, including, at the date hereof, Moody&#8217;s and Fitch.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Offering Memorandum</font>&#8221; means the confidential private offering memorandum of the Fund relating to the offering of the VRDP Shares dated
        March 31, 2021, as amended, revised or supplemented from time to time, including in connection with any Remarketing, if applicable.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Optional Tender</font>&#8221; means any tender of VRDP Shares by a Beneficial Owner or its Agent Member to the Tender and Paying Agent, other than a
        Mandatory Tender, for Remarketing or, in the event (i) no Remarketing occurs on or before the Purchase Date, or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the
        unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (<u>provided</u> that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider
        pursuant to Section 2 of Part II of the Statement of Preferences and the VRDP Shares Purchase Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The word &#8220;<font style="font-weight: bold; font-style: italic;">or</font>&#8221; is used in its inclusive sense.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Other Rating Agency</font>&#8221; means each NRSRO, if any, other than Moody&#8217;s or Fitch, then providing a short-term or long-term preferred shares
        rating for the VRDP Shares pursuant to the request of the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Other Rating Agency Guidelines</font>&#8221; means the guidelines applicable to each Other Rating Agency&#8217;s long-term preferred shares ratings of the
        VRDP Shares, provided by an Other Rating Agency in connection with such Other Rating Agency&#8217;s long-term preferred shares ratings of shares of a Series of VRDP Shares at the request of the Fund (a copy of which is available on request to the Fund),
        as may be amended from time to time, provided, however that any such amendment will not be effective except as agreed between the Other Rating Agency and the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 39pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Outstanding</font>&#8221; means, as of any date with respect to the VRDP Shares, the number of VRDP Shares theretofore issued by the Fund except,
        without duplication, (i) any VRDP Shares theretofore cancelled or delivered to the Tender and Paying Agent for cancellation or redemption by the Fund, (ii) any VRDP Shares with respect to which the Fund has given a Notice of Redemption and
        irrevocably deposited with the Tender and Paying Agent sufficient Deposit Securities to redeem such VRDP Shares, pursuant to Section 10 of Part I of the Statement of Preferences, (iii) any VRDP Shares as to which the Fund shall be a Beneficial
        Owner, and (iv) any VRDP Shares represented by any certificate in lieu of which a new certificate has been executed and delivered by the Fund; <u>provided</u>, <u>however</u>, with respect to clause (ii), any such VRDP Shares will be deemed to be
        Outstanding for purposes of the VRDP Shares Purchase Agreement until redeemed by the Fund.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Person</font>&#8221; means and includes an individual, a partnership, a corporation, a trust, an unincorporated association, a joint venture or other
        entity or a government or any agency or political subdivision thereof.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Preferred Shares</font>&#8221; means the preferred shares of the Fund, and includes the VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchase Date</font>,&#8221; with respect to any purchase of VRDP Shares, means (i) in connection with an Optional Tender, the date specified in a
        Notice of Tender, which date shall be no earlier than the seventh day (or, if such day is not a Business Day, the next succeeding Business Day) following delivery to the Tender and Paying Agent of the Notice of Tender, (ii) in connection with a
        Mandatory Tender, the date specified in the Mandatory Tender Notice (or, if such day is not a Business Day, the next succeeding Business Day), subject to the immediately succeeding sentence below, or (iii) in connection with a Mandatory Purchase,
        the Mandatory Purchase Date specified in the Mandatory Purchase Notice (or, if such day is not a Business Day, the next succeeding Business Day). The Purchase Date in respect of a Mandatory Tender Event shall be not later than seven days following
        the date a Mandatory Tender Notice is sent to Holders by Electronic Means; provided, that: (A) the Purchase Date in connection with the failure of the Fund to pay the applicable fee to the Liquidity Provider may not be later than the last Business
        Day of the month such payment was due; (B) the Purchase Date in connection with the occurrence of an Extraordinary Corporate Event may not be later than the Business Day immediately preceding the occurrence of the Extraordinary Corporate Event
        (and, if no earlier Purchase Date is specified in a Mandatory Tender Notice with respect to such Extraordinary Corporate Event, the Business Day immediately preceding the occurrence of the Extraordinary Corporate Event shall be deemed to be the
        Purchase Date irrespective of the failure to have given or sent a Mandatory Tender Notice); (C) the Purchase Date in connection with the Fund obtaining an Alternate VRDP Shares Purchase Agreement may not be later than the Business Day immediately
        preceding the termination of the VRDP Shares Purchase Agreement being replaced and the effective date of such Alternate VRDP Shares Purchase Agreement (which may not be later than the termination date of the VRDP Shares Purchase Agreement); and (D)
        the Purchase Date in connection with a Notice of Proposed Special Rate Period may not be later than the first day of such proposed Special Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchase Obligation</font>&#8221; means the unconditional and irrevocable obligation of the Liquidity Provider during the term and pursuant to the
        terms of the VRDP Shares Purchase Agreement to purchase Outstanding VRDP Shares on any Purchase Date at the Purchase Price from Beneficial Owners, in the case of any Optional Tender, and Holders, in the case of any Mandatory Tender or any Mandatory
        Purchase, in each case following delivery of a Final Notice of Purchase with respect to such VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchase Price</font>&#8221; means an amount equal to the Liquidation Preference of any VRDP Shares to be purchased on a Purchase Date, <font style="font-style: italic;">plus </font>any accumulated but unpaid dividends thereon (whether or not earned or declared), if any, to but excluding, the relevant Purchase Date.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchased VRDP Shares</font>&#8221; means all VRDP Shares purchased by the Liquidity Provider pursuant to the VRDP Shares Purchase Agreement, so long
        as the Liquidity Provider continues to be the beneficial owner for federal income tax purposes of such VRDP Shares.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">QIB</font>&#8221; means a &#8220;qualified institutional buyer&#8221; as defined in Rule 144A under the Securities Act.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Rate Determination Date</font>&#8221; means, with respect to any series of VRDP Shares, the last day of a Rate Period for such series or, if such day
        is not a Business Day, the next succeeding Business Day; <u>provided</u>, <u>however</u>, that the next succeeding Rate Determination Date will be determined without regard to any prior extension of a Rate Determination Date to a Business Day.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Rate Period</font>&#8221; with respect to the VRDP Shares, means the Initial Rate Period and any Subsequent Rate Period, including any Special Rate
        Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Rate Period Days</font>&#8221; for any Rate Period, means the number of days that would constitute such Rate Period, but for the application of
        Section 2(d) of Part I of the Statement of Preferences or Section 4(b) of Part I of the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Rating Agency</font>&#8221; means each of Fitch (if Fitch is then rating the VRDP Shares at the request of the Fund), Moody&#8217;s (if Moody&#8217;s is then
        rating the VRDP Shares at the request of the Fund) and any Other Rating Agency (if such Other Rating Agency is then rating the VRDP Shares at the request of the Fund).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Rating Agency Guidelines</font>&#8221; means Moody&#8217;s Guidelines (if Moody&#8217;s is then rating the VRDP Shares at the request of the Fund), Fitch
        Guidelines (if Fitch is then rating the VRDP Shares at the request of the Fund) and any Other Rating Agency Guidelines (if such Other Rating Agency is then rating the VRDP Shares at the request of the Fund).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold; font-style: italic;">&#8220;Redemption Date&#8221; </font><font style="font-size: 10pt;">means any date fixed for redemption in accordance
          with Section 10(c) of Part I of the Statement of Preferences.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Redemption Price</font>&#8221; means the applicable redemption price specified in Section 10(a) or 10(b) of Part I of the Statement of Preferences. &#8220;<font style="font-weight: bold; font-style: italic;">Related Documents</font>&#8221; means this Agreement, the Agreement and Declaration of Trust, the Statement of Preferences, the VRDP Shares, the VRDP Shares Purchase Agreement, the VRDP Shares Remarketing
        Agreement and the Tender and Paying Agent Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Related Party</font>&#8221; means a related party for purposes of Section 267(b) or Section 707(b) of the Code, as such provisions may be amended
        from time to time.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Related Party Termination Date</font>&#8221; means the effective date of the termination of the VRDP Shares Purchase Agreement in accordance with its
        terms following the occurrence of a Related Party Termination Event.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Related Party Termination Event</font>&#8221; means the Liquidity Provider becoming a Related Party of the Fund other than through the acquisition of
        VRDP Shares pursuant to the terms of the VRDP Shares Purchase Agreement</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing</font>&#8221; means the remarketing of VRDP Shares by the Remarketing Agent on behalf of the Beneficial Owners thereof pursuant to an
        Optional Tender or on behalf of the Holders thereof pursuant to a Mandatory Tender, as provided in the VRDP Shares Remarketing Agreement and the Statement of Preferences.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Agent</font>&#8221; means, with respect to the VRDP Shares, the Person or Persons designated, with the prior written consent of the
        Liquidity Provider (which consent shall not be unreasonably withheld) as Remarketing Agent for the VRDP Shares, initially BofA Securities, Inc., and its or their permitted successors and assigns, which shall be deemed to include BofA Securities,
        Inc.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Materials</font>&#8221; means (i) the Fund&#8217;s most recent annual report and, if available, subsequent semi-annual report, which shall be
        deemed to have been made available upon the electronic availability of any such document on a public website, (ii) the most recent annual and, if available, interim report of the Liquidity Provider, which shall be deemed to have been made available
        upon the electronic availability of any such document on a public website, (iii) such other publicly available information as the Fund or the Liquidity Provider or the Remarketing Agent, if applicable, may reasonably request from time to time, of
        the Liquidity Provider, the Fund or the Remarketing Agent, and such other documentation, representations, warranties and certifications as the Fund, the Liquidity Provider or the Remarketing Agent, if applicable, may reasonably request, it being
        understood that the Fund, the Liquidity Provider or the Remarketing Agent, if applicable, may, in its discretion, determine to deliver to purchasers and prospective purchasers, in connection with the offer and sale of VRDP Shares by the Liquidity
        Provider, a Remarketing Memorandum, and (iv) such other publicly available information necessary, in the opinion of counsel for the Fund, the Liquidity Provider or the Remarketing Agent, if applicable, to amend or supplement the foregoing
        materials, in order that the foregoing materials will not include any untrue statements of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading in the light of the circumstances existing
        at the time made available to or delivered to a purchaser.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Memorandum</font>&#8221; means the Offering Memorandum or any written communication describing the Fund, the Liquidity Provider and/or
        the terms of the VRDP Shares and the Purchase Obligation, which has been approved by each party hereto in writing for use in connection with Remarketing prior to its use, which approval shall not be unreasonably withheld or delayed.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Reorganization Shares</font>&#8221; has the meaning set forth in the preamble to this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Representatives</font>&#8221; has the meaning set forth in Section 8.15.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Requisite NRSROs</font>&#8221; means (i) any two NRSROs that have issued a rating with respect to a security or class of debt obligations of an
        issuer; or (ii) if only one NRSRO has issued a rating with respect to such security or class of debt obligations of an issuer at the time a purchaser Acquires (as such term is defined from time to time in Rule 2a-7 under the 1940 Act) the security,
        that NRSRO.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Scheduled Termination Date</font>&#8221; means April 30, 2022, or any succeeding date to which the term of this Agreement is extended pursuant to
        Section 2.02.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">15</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">SEC</font>&#8221; means the Securities and Exchange Commission.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Securities Act</font>&#8221; means the U.S. Securities Act of 1933, as amended.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Securities Depository</font>&#8221; means The Depository Trust Company, New York, New York, and any substitute for or successor to such securities
        depository that shall maintain a book-entry system with respect to the VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Series W-7 VRDP Shares</font>&#8221; has the meaning set forth in the preamble to this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Special Rate Period</font>&#8221; with respect to the VRDP Shares, has the meaning specified in Section 4(a) of Part I of the Statement of
        Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Special Redemption Provisions</font>&#8221; has the meaning specified in Section 10(a)(i) of Part I of the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Statement of Preferences</font>&#8221; means the Statement of Preferences of Variable Rate Demand Preferred Shares with respect to the Fund as
        amended from time to time in accordance with the provisions thereof.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Subsequent Rate Period</font>&#8221; with respect to the VRDP Shares, means the period from, and including, the first day following the Initial Rate
        Period of the VRDP Shares to, and including, the next Rate Determination Date for the VRDP Shares and any period thereafter from, and including, the first day following a Rate Determination Date for the VRDP Shares to, and including, the next
        succeeding Rate Determination Date for the VRDP Shares; <u>provided</u>, <u>however</u>, that if any Subsequent Rate Period is also a Special Rate Period, such term shall mean the period commencing on the first day of such Special Rate Period and
        ending on, and including, the last day of the last Dividend Period thereof; except for Special Rate Periods, each Subsequent Rate Period will be a Minimum Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Tender</font>&#8221; means either a Mandatory Tender or an Optional Tender, as applicable.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Tender and Paying Agent</font>&#8221; means The Bank of New York Mellon or, with the prior written consent of the Liquidity Provider (which consent
        shall not be unreasonably withheld), any successor Person, which has entered into an agreement with the Fund to act in such capacity as the Fund&#8217;s tender agent, transfer agent, registrar, dividend disbursing agent, paying agent, redemption price
        disbursing agent and calculation agent in connection with the payment of regularly scheduled dividends with respect to VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Tender and Paying Agent Agreement</font>&#8221; means the tender and paying agent agreement, dated as of March 31, 2021, by and between the Fund and
        the Tender and Paying Agent, as amended, modified or supplemented from time to time, or any similar agreement with a successor tender and paying agent.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Termination Event</font>&#8221; means a termination of this Agreement (a) on a Scheduled Termination Date, as such date may be extended pursuant to
        the terms hereof, (b) following written notice provided by the Fund pursuant to Section 8.06(b) hereof following the occurrence of a Liquidity Provider Ratings Event at any time during the term hereof or (c) on a Related Party Termination Date.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">16</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">TOB Trust</font>&#8221; means a tender option bond trust or similar vehicles that are functionally equivalent to tender option bond trusts and used
        for providing financing for municipal obligations and municipal closed-end fund preferred shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Transactions</font>&#8221; has the meaning set forth in Section 8.15.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">U.S. Government Securities</font>&#8221; means direct obligations of the United States or of its agencies or instrumentalities that are entitled to
        the full faith and credit of the United States and that, other than United States Treasury Bills, provide for the periodic payment of interest and the full payment of principal at maturity or call for redemption.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Valuation Date</font>&#8221; means, for purposes of determining whether the Fund is maintaining the VRDP Shares Basic Maintenance Amount, (i) each
        Friday occurring after the Date of Original Issue that is a Business Day or, for any such Friday that is not a Business Day, the immediately preceding Business Day and (ii) the Date of Original Issue.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares</font>&#8221; has the meaning set forth in the preamble to this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares Purchase Agreement</font>&#8221; means the VRDP Shares purchase agreement, dated as of March 31, 2021, by and between the Liquidity
        Provider and the Tender and Paying Agent, as amended, modified or supplemented, or any Alternate VRDP Shares Purchase Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares Remarketing Agreement</font>&#8221; means the VRDP Shares remarketing agreement with respect to the VRDP Shares, dated as of March 31,
        2021, by and between the Fund and the Remarketing Agent, as amended, modified or supplemented from time to time, or any similar agreement with a successor remarketing agent, which shall be deemed to include BofA Securities, Inc.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">written</font>&#8221; or &#8220;<font style="font-weight: bold; font-style: italic;">in writing</font>&#8221; means any form of written communication, including
        communication by means of telex, telecopier or electronic mail.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805672"></a><font style="font-weight: bold; font-style: italic;">SECTION 1.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Incorporation of Certain
          Definitions by Reference.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Each capitalized term used herein and not otherwise defined herein shall have the meaning provided therefor (including by incorporation by reference) in the Statement of Preferences. Any day not
        referred to herein as a Business Day shall mean a calendar day.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805673"></a>ARTICLE II</div>
      <div style="text-align: center; font-weight: bold;">PURCHASE OBLIGATION</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805674"></a><font style="font-weight: bold; font-style: italic;">SECTION 2.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Commitment to Purchase VRDP
          Shares; Fees.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund and the Liquidity Provider are entering into this Agreement in connection with the Liquidity Provider&#8217;s agreement to provide the Purchase Obligation under the VRDP Shares
        Purchase Agreement. The Liquidity Provider agrees that in no event shall amounts paid by it in respect of the Purchase Price be paid from funds or property of the Fund, including, without limitation, any funds derived from funds that the Fund may
        have on deposit with the Liquidity Provider. The obligation of the Liquidity Provider to purchase VRDP Shares pursuant to the VRDP Shares Purchase Agreement shall run to the benefit of the Holders and Beneficial Owners of VRDP Shares and shall be
        unconditional and irrevocable in accordance with the provisions thereof.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">17</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant to the Statement of Preferences, the Fund shall use its best efforts to engage at all times a Remarketing Agent that is a nationally recognized securities dealer with
        experience in remarketing variable-rate securities whose appointment has been consented to in writing by the Liquidity Provider (which consent shall not be unreasonably withheld) to use its best efforts to find purchasers for all VRDP Shares
        properly tendered pursuant to a Tender. All such VRDP Shares shall be remarketed at the Purchase Price of such VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Upon the occurrence of the Closing Date, the Fund shall use its best efforts to engage at all times a Tender and Paying Agent to perform the duties specified in the Statement of
        Preferences, the Tender and Paying Agent Agreement and the VRDP Shares Purchase Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805675"></a><font style="font-weight: bold; font-style: italic;">SECTION 2.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Extension of Scheduled Termination
          Date.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall have the right, exercisable not more than 120 days nor less than 90 days prior to the Scheduled Termination Date, to request that the Liquidity Provider extend the term of such
        Scheduled Termination Date for an additional period of up to 364 days or, if mutually agreed upon by the parties hereto, a period greater than 364 days, which request may be conditioned upon terms and conditions that are different from the terms
        and conditions of this Agreement and the VRDP Shares Purchase Agreement then in effect. The Liquidity Provider shall, no later than 30 days after receiving such request, notify the Fund and the Tender and Paying Agent of its acceptance or rejection
        of such request, which acceptance by the Liquidity Provider may be a Conditional Acceptance conditioned upon terms and conditions which are different from the terms and conditions of this Agreement and the VRDP Shares Purchase Agreement then in
        effect or the terms and conditions proposed by the Fund in making an extension request. If the Liquidity Provider fails to notify the Fund and the Tender and Paying Agent of its acceptance or rejection of the Fund&#8217;s request for extension within
        such 30-day period, such failure to respond shall constitute a rejection of such request. If the Liquidity Provider provides a Conditional Acceptance, then the Fund shall have 30 days thereafter to notify the Liquidity Provider and the Tender and
        Paying Agent of its acceptance or rejection of the terms and conditions specified in the Liquidity Provider&#8217;s Conditional Acceptance. The Fund&#8217;s failure to notify the Liquidity Provider and the Tender and Paying Agent within the 30- day period will
        be deemed a rejection of the terms and conditions specified in the Liquidity Provider&#8217;s Conditional Acceptance. The Fund acknowledges and agrees that the Liquidity Provider may grant or deny any request for extension of the Scheduled Termination
        Date in its sole and absolute discretion.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805676"></a><font style="font-weight: bold; font-style: italic;">SECTION 2.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Sale of VRDP Shares.</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">18</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Liquidity Provider shall make available to the Remarketing Agent those VRDP Shares held by it pursuant to the VRDP Shares Purchase Agreement for Remarketing in accordance with the
        terms of the VRDP Shares Remarketing Agreement and the remarketing procedures thereunder; <u>provided</u>, <u>however</u>, that the Liquidity Provider expressly reserves the right to sell VRDP Shares held by it at any time to any Person that it
        reasonably believes is a QIB and by any other means deemed appropriate by the Liquidity Provider in its sole discretion in accordance with applicable law; <u>provided</u>, that the Liquidity Provider shall not sell any VRDP Shares held by it
        outside of a Remarketing to any Person that is not a registered investment company under the 1940 Act (a &#8220;<font style="font-weight: bold;">RIC</font>&#8221;) other than (i) an affiliate of the Liquidity Provider or Remarketing Agent or (ii) in connection
        with a repurchase financing transaction, without the prior consent of the Fund. For purposes of the preceding sentence, the Fund&#8217;s prior consent shall not be unreasonably withheld or delayed with respect to sales to (1) a TOB Trust (all of the
        investors in which are RICs, banks, insurance companies or any companies that are included in the S&amp;P 500 (or a direct or indirect wholly-owned subsidiary thereof)) or (2) to any bank, insurance company or any company that is included in the
        S&amp;P 500 (or a direct or indirect wholly-owned subsidiary thereof); provided, that with respect to any other purchaser, any consent withheld by the Fund because of the identity of such purchaser shall not be deemed unreasonable. The Liquidity
        Provider agrees that offers and sales will be made only to persons it reasonably believes are QIBs, pursuant to Rule 144A or another available exemption from registration under the Securities Act, in a manner not involving any public offering
        within the meaning of Section 4(2) of the Securities Act.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In order to facilitate the sale of VRDP Shares by the Liquidity Provider, the Fund and the Liquidity Provider agree to timely make available their respective Remarketing Materials for
        inclusion in any Remarketing Memorandum.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805677"></a><font style="font-weight: bold; font-style: italic;">SECTION 2.04</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Reduction of Available Commitment.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; As of the opening of business on the day following the Liquidity Provider&#8217;s receipt of written notice (which the Tender and Paying Agent will provide within two (2) Business Days of
        receipt of notice from the Fund) of any redemption or other repurchase of VRDP Shares consummated by the Fund, the Available Commitment shall automatically be reduced by the amount applicable to the VRDP Shares so redeemed or otherwise repurchased;
        and the Available Commitment in respect of such VRDP Shares shall be extinguished and shall not thereafter be revived, except with the prior written consent of the Liquidity Provider.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the event that any dividends or redemption proceeds paid by the Fund on Outstanding VRDP Shares prior to the occurrence of a Fund Insolvency Event are required to be, and are, paid
        over to the bankruptcy estate of the Fund pursuant to a final, non-appealable judgment of a court of competent jurisdiction arising out of a Fund Insolvency Event, any Beneficial Owner (or former Beneficial Owner) of VRDP Shares that has paid over
        to the bankruptcy estate of the Fund pursuant to such judgment any dividends or redemption proceeds previously received from the Fund may demand reimbursement from the Liquidity Provider of any amounts so paid. The Liquidity Provider agrees to make
        such reimbursement payment within three (3) Business Days of receipt of any such demand for payment made in writing and accompanied by evidence reasonably satisfactory to the Liquidity Provider of payment made to the bankruptcy estate of the Fund
        by or on behalf of the demanding party. In connection with any reimbursement payment by the Liquidity Provider, the Beneficial Owner (or former Beneficial Owner) of VRDP Shares shall be deemed to have transferred, assigned and conveyed to the
        Liquidity Provider the right to receive from the Fund and the bankruptcy estate of the Fund any such dividends or redemption proceeds in exchange for the reimbursement payment by the Liquidity Provider, and the Beneficial Owner (or former
        Beneficial Owner) shall execute, acknowledge and deliver such further conveyances, assignments and other documents as the Liquidity Provider may reasonably request and are reasonably necessary in order to effectuate such assignment. The provisions
        of this Section 2.04 shall survive any expiration or termination of this Agreement, in respect of any dividends or redemption proceeds paid by the Fund on Outstanding VRDP Shares during the term of this Agreement, and shall be in addition to any
        other obligation of the Liquidity Provider under this Agreement.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">19</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805678"></a><font style="font-weight: bold; font-style: italic;">SECTION 2.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Fees.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund shall pay to the Liquidity Provider from the Closing Date to and including the date on which the Purchase Obligation under the VRDP Shares Purchase Agreement for all VRDP
        Shares has terminated, a monthly fee for each VRDP Share outstanding on the first calendar day of the immediately preceding calendar month, in an amount, equal to (a) the product of (i) 0.70 % of 101.85% times $100,000 multiplied by (ii) the actual
        number of days from and including such first calendar day of the immediately preceding calendar month to and including the last calendar day of such immediately preceding month or, if applicable, the date of any prior redemption or liquidation for
        such VRDP Share (as the case may be) divided by (b) 365. If the Closing Date occurs on a day other than the first day of a month, the fee for the period from and including the Closing Date, to and including the last day of such month shall be paid
        on the fifteenth (15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) of the following month, provided that the day count for such fee calculation pursuant to clause (a)(ii) of the immediately preceding sentence
        for such payment on the fifteenth (15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) of the following month shall be the number of days included in the period described in the first part of this sentence and the
        fee shall be calculated in respect of each VRDP Share Outstanding on the Closing Date instead of the first calendar day of the immediately preceding month.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; With respect to the fees payable pursuant to the first sentence of Section 2.05(a), such fee shall be invoiced by the Liquidity Provider and shall be payable monthly in arrears on the
        15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> calendar day of each month and if such day is not a Business Day, the next succeeding Business Day, and upon the date of termination of this Agreement, unless
        such payment date is a Dividend Payment Date, in which case such fee shall be paid on the Business Day immediately preceding such payment date. In addition, notwithstanding the foregoing, in the event of any optional redemption of VRDP Shares
        during the period commencing on the date hereof and ending on April 15, 2022, on the related Redemption Date the Fund shall pay to the Liquidity Provider a make-whole amount equal to the fee that would otherwise have been payable in respect of such
        redeemed VRDP Shares for the remainder of such period calculated as if such VRDP Shares remained Outstanding and not purchased by the Liquidity Provider during such remaining period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805679"></a><font style="font-weight: bold; font-style: italic;">SECTION 2.06</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Operating Expenses.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall pay amounts due to be paid by it hereunder (including any incidental expenses but not including redemption or dividend payments on the VRDP Shares) as operating expenses.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">20</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805680"></a><font style="font-weight: bold; font-style: italic;">SECTION 2.07</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">No Deductions; Increased Costs.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To the extent set forth in clauses (b) and (c) below, all &#8220;Sums Payable Hereunder&#8221; shall be paid in full, without any deduction or withholding whatsoever. For purposes of this Section
        2.07, &#8220;Sums Payable Hereunder&#8221; shall mean amounts payable by the Fund hereunder, whether of fees, expenses or otherwise (but excluding any sums payable with respect to VRDP Shares of liquidation preference or dividends whether in connection with a
        Failed Remarketing Condition &#8212;Purchased VRDP Shares Redemption or otherwise).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If any change in applicable law, regulation, condition, directive or interpretation thereof applicable to transactions of the type contemplated in this Agreement and the VRDP Shares
        Purchase Agreement (including any request, guideline or policy whether or not having the force of law (which the Liquidity Provider, in the reasonable exercise of its judgment, complies with) and including, without limitation, Regulation D
        promulgated by the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect and in connection with the implementation of Basel III, but excluding, changes in tax laws) or interpretation thereof by any
        authority charged with the administration or interpretation thereof with respect to the regulation of national banks occurs after the date hereof which:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; imposes, modifies or deems applicable any reserve or deposit or similar requirements against any assets held by or in connection with the Liquidity Provider&#8217;s
        commitment to provide the Purchase Obligation or this Agreement; or</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; imposes upon the Liquidity Provider any other condition with respect to Sums Payable Hereunder or amounts payable by the Liquidity Provider with respect to this
        Agreement or any other Related Document to which the Liquidity Provider is a party or its commitment to provide the Purchase Obligation; and the result of any of the foregoing is (x) to increase the cost to the Liquidity Provider of entering into
        or performing this Agreement or any other Related Document to which the Liquidity Provider is a party, making any payment pursuant to its Purchase Obligation or maintaining its commitment to provide the Purchase Obligation, (y) to reduce the amount
        of any Sums Payable Hereunder to the Liquidity Provider or (z) to require the Liquidity Provider to make any payment to a regulatory authority on or calculated by reference to the gross amount of any sum received by it, in each case by an amount
        which the Liquidity Provider deems material, then:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the Liquidity Provider shall promptly notify the Fund in writing of the happening of such event;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the Liquidity Provider shall promptly deliver to the Fund a certificate stating in reasonable detail the change which has occurred or the reserve requirements or
        other conditions which have been imposed on the Liquidity Provider or the request, direction or requirement with which it has complied, together with the date thereof, the amount of such increased cost, reduction or payment and the way in which
        such amount has been calculated; and</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the Fund shall within thirty (30) days after demand and the Fund&#8217;s receipt of the certificate described in subclause (2) above pay to the Liquidity Provider such an
        amount or amounts as will compensate the Liquidity Provider for such additional cost, reduction or payment as set forth on such certificate.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">21</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 72pt;">The reasonably detailed certificate of the Liquidity Provider prepared in good faith, signed by an authorized signatory of the Liquidity Provider, as to the additional amounts payable pursuant to
        this paragraph delivered to the Fund shall be conclusive and binding on the Fund absent manifest error of the amount thereof. In the event any such amounts paid by the Fund are subsequently refunded to the Liquidity Provider by the authority
        imposing such costs, the Liquidity Provider will reimburse the Fund for such amounts to the extent they are refunded to the Liquidity Provider, but without interest; <u>provided</u>, <u>however</u>, that it is understood and agreed that the
        Liquidity Provider has no duty or obligation to contest the imposition of or seek the recovery of any such costs.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;">For the avoidance of doubt, no payment will be due under this subsection in respect of a cost arising solely out of the ownership of VRDP Shares after performance by the Liquidity Provider of its
        obligations under this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If any applicable law, rule or regulation regarding capital adequacy, or any change therein (including, without limitation, in connection with the implementation of Basel III), in each
        case adopted after the date hereof, or any change in the interpretation or administration thereof after the date hereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or
        compliance by the Liquidity Provider (or any of its branches) with any request or directive made after the date hereof regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has
        or would have the effect of reducing the rate of return on the Liquidity Provider&#8217;s capital as a consequence of its obligations hereunder or under its commitment to provide the Purchase Obligation or the transactions referenced herein or
        contemplated hereby to a level below that which the Liquidity Provider could have achieved but for such adoption, change or compliance (taking into consideration the Liquidity Provider&#8217;s policies with respect to liquidity and capital adequacy) by
        an amount deemed by the Liquidity Provider to be material, then, within thirty (30) days of demand by the Liquidity Provider and receipt by the Fund of a certificate stating in reasonable detail the basis on which such amount was determined, the
        amount requested and the way in which such amount has been calculated, the Fund shall pay to the Liquidity Provider such additional amount or amounts determined by the Liquidity Provider set forth on such certificate as will compensate the
        Liquidity Provider for such reduced rate of return. The reasonably detailed certificate of the Liquidity Provider prepared in good faith, signed by an authorized signatory of the Liquidity Provider, as to the additional amounts payable pursuant to
        this paragraph delivered to the Fund shall be conclusive and binding on the Fund absent manifest error of the amount thereof.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;">For the avoidance of doubt, no payment will be due under this subsection in respect of a cost arising solely out of the ownership of VRDP Shares after performance by the Liquidity Provider of its
        obligations under this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160; With respect to the Liquidity Provider&#8217;s claim for any compensation under this Section 2.07, the Fund shall not be required to compensate the Liquidity Provider for any amount incurred
        more than one hundred eighty (180) days prior to the date that the Liquidity Provider notifies the Fund of the event that gives rise to such claim; provided that if the circumstances giving rise to such claim is retroactive, then such 180-day
        period referenced above shall be extended to include the period of retroactive effect.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">22</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805681"></a><font style="font-weight: bold; font-style: italic;">SECTION 2.08</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Current Special Rate Period.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The terms set forth in Schedule II hereto shall be applicable during the Current Special Rate Period and such terms shall supersede any other terms, provisions or obligations set forth in this
        Agreement during the Current Special Rate Period. Schedule II shall have no force or effect after the last day of the Current Special Rate Period and the terms and provisions therein shall be deemed deleted and removed from this Agreement in its
        entirety thereafter without any further action from the Fund or the Liquidity Provider.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805682"></a>ARTICLE III</div>
      <div style="text-align: center; font-weight: bold;">CLOSING DATE</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805683"></a><font style="font-weight: bold; font-style: italic;">SECTION 3.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Conditions to Closing Date</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">It shall be a condition to the Closing Date that each of the following conditions shall have been satisfied or waived as of such date, and upon such satisfaction or waiver, this Agreement shall be
        effective:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;this Agreement shall have been duly executed and delivered by the parties hereto;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the VRDP Shares Purchase Agreement, VRDP Shares Remarketing Agreement and the Tender and Paying Agent Agreement shall have been duly executed and delivered by the parties hereto or
        thereto;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the VRDP Shares shall have a long-term preferred share rating of Aa2 from Moody&#8217;s or AA from Fitch on the Closing Date;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the Liquidity Provider shall have short-term debt ratings of P-1 from Moody&#8217;s and F1+ from Fitch;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;receipt by the Liquidity Provider of executed originals, or copies certified by a duly authorized officer of the Fund to be in full force and effect and not otherwise amended, of: the
        Statement of Preferences and the VRDP Shares; a true and complete copy of the Agreement and Declaration of Trust as in full force and effect on the Closing Date; the Offering Memorandum in form and substance reasonably satisfactory to the Liquidity
        Provider; and an incumbency certificate with respect to the authorized signatories thereto;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; receipt by the Liquidity Provider of opinions of counsel for the Fund in a form reasonably satisfactory to the Liquidity Provider;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; receipt by the Fund of opinions of counsel for the Liquidity Provider and the Remarketing Agent in a form reasonably satisfactory to the Fund and Liquidity Provider;</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">23</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(h)&#160;&#160; &#160;&#160; &#160;&#160;&#160; receipt by the Fund and the Liquidity Provider of opinions of counsel for the Tender and Paying Agent in a form reasonably satisfactory to the Fund and the Liquidity Provider;</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(i)&#160;&#160;&#160; &#160; &#160; &#160;&#160; the reasonable fees and expenses and all other amounts (including reasonable attorneys&#8217; fees and expenses related to the issuance of the VRDP Shares) payable to the Liquidity Provider
        on or prior to the Closing Date pursuant to this Agreement shall have been paid; and</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(j)&#160;&#160; &#160;&#160; &#160;&#160;&#160; there shall have been delivered to the Liquidity Provider such information and copies of documents, approvals (if any) and records certified, where appropriate, of organizational and
        legal proceedings as the Liquidity Provider may have requested relating to the Fund&#8217;s entering into and performing this Agreement and the other Related Documents to which it is a party, and the transactions contemplated hereby and thereby. Such
        documents shall, in any event, include a certificate of the Fund, in form and substance satisfactory to the Liquidity Provider and its counsel, executed by an executive officer of the Fund, dated the Closing Date, to the effect that the all
        representations and warranties made by the Fund herein or in any of the Related Documents to which it is a party shall be true and correct in all material respects with the same effect as though such representations and warranties had been made at
        and as of such time, unless such representations and warranties expressly relate to a specific earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date, that all fees and
        expenses and other amounts and obligations payable by the Fund under this Agreement have been paid or satisfied as of such date and that all actions required to be taken, all consents required to be obtained, and all resolutions required to be
        adopted (which resolutions shall be attached to such certificate), in each case by the Fund under applicable law, have been done, obtained and adopted.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805684"></a>ARTICLE IV</div>
      <div style="text-align: center; font-weight: bold;">REPRESENTATIONS AND WARRANTIES OF THE FUND</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The representations and warranties set out in this Article IV are given hereunder by the Fund on the Closing Date (in respect of Section 4.01 to Section 4.06 (inclusive), Section 4.08 and Section
        4.9) and as of the Closing Date and each date subsequent to the date thereof, except that the representations and warranties set forth in Section 4.07, 4.10, Section 4.11 and Section 4.12 shall be given only on the Closing Date.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805685"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Existence.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund is validly existing as a statutory trust under the laws of the State of Delaware, with full right and power to issue the VRDP Shares and to execute, deliver and perform its obligations
        under this Agreement and each other Related Document.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805686"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Authorization; Contravention.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The execution, delivery and performance by the Fund of this Agreement and each other Related Document are within the Fund&#8217;s powers, have been duly authorized by all necessary action, require no
        action by or in respect of, or filing with, any governmental body, agency or official and do not violate or contravene, or constitute a default under, any provision of applicable law, charter, ordinance or regulation or of any material agreement,
        judgment, injunction, order, decree or other instrument binding upon the Fund or result in the creation or imposition of any lien or encumbrance on any asset of the Fund, except for such violations or contraventions which would not have a material
        adverse effect on the Fund&#8217;s ability to perform its obligations under this Agreement, any of the VRDP Shares or any other Related Documents; provided, however, that the foregoing exception shall not apply to any violation or contravention of the
        Agreement and Declaration of Trust.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">24</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805687"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Binding Effect.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">This Agreement, the Tender and Paying Agent Agreement and the VRDP Shares Remarketing Agreement, if executed and delivered on the date this representation is made, constitute valid and binding
        agreements of the Fund, or, if not yet executed and delivered, will, when executed and delivered, constitute valid and binding agreements of the Fund, in each case enforceable in accordance with their respective terms except as (i) the
        enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors&#8217; rights generally and (ii) the availability of equitable remedies may be limited by equitable principles of general applicability, it being
        understood that the enforceability of indemnification provisions may be subject to limitations imposed under applicable securities laws. The VRDP Shares have been duly authorized and validly issued by the Fund and, when the Fund receives the
        consideration therefor contemplated in the Offering Memorandum, will be fully paid and nonassessable and are free of any preemptive or similar rights.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805688"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.04</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Financial Information.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The financial statements of the Fund as of its most recent fiscal year-end, and the auditors&#8217; report with respect thereto, copies of which have heretofore been furnished to the Liquidity Provider,
        present fairly in all material respects the financial condition of the Fund, at such date and for such period, and were prepared in accordance with United States generally accepted accounting principles, consistently applied. The audits of these
        statements were conducted in accordance with the standards of the Public Company Accounting Oversight Board. Since the date of the financial statements, no transaction or event has occurred and no change has occurred in the condition (financial or
        otherwise) or operations of the Fund which materially and adversely affect the issuance of any of the VRDP Shares or the Fund&#8217;s ability to pay when due or otherwise perform its obligations under this Agreement, any of the VRDP Shares and the
        Related Documents.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805689"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Litigation.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Except as disclosed in Schedule I hereto, no action, suit, proceeding or investigation is pending or (to the best knowledge of the Fund) overtly threatened in writing against the Fund in any court
        or before any governmental authority (i) in any way contesting or that, if decided adversely, would affect the validity of any other Related Document or this Agreement; or (ii) in which a final adverse decision would adversely affect provisions for
        or materially adversely affect the sources for payment of liquidation preference of or dividends on the VRDP Shares.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">25</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805690"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.06</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Consents.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">All consents, licenses, approvals, validations and authorizations of, and registrations, validations or declarations by or with, any court or any governmental agency or bureau required to be
        obtained in connection with the execution, delivery, performance, validity or enforceability against the Fund of this Agreement and the other Related Documents (including the VRDP Shares) to which the Fund is or will be a party have been obtained
        and are in full force and effect.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805691"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.07</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Offering Memorandum.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Offering Memorandum, true copies of which will be delivered to the Liquidity Provider on or before the date hereof, does not contain, and such Offering Memorandum (including any amendments or
        supplements prepared subsequent to its date) (a true copy of which, in each case, shall be furnished to the Liquidity Provider prior to the distribution thereof) will not contain, an untrue statement of a material fact and such Offering Memorandum
        (including any amendments or supplements prepared subsequent to its date) does not omit, and will not omit, to state a material fact necessary to make the statements therein, in the light of the circumstances under which made, not misleading,
        except no representation is made as to Liquidity Provider Information furnished in writing by the Liquidity Provider or its affiliates expressly for inclusion therein.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805692"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.08</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Complete and Correct Information.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">All information, reports and other papers and data with respect to the Fund furnished to the Liquidity Provider were, at the time the same were so furnished, complete and correct in all material
        respects. Any financial, budget and other projections furnished to the Liquidity Provider were prepared in good faith on the basis of the assumptions stated therein, which assumptions were fair and reasonable in light of conditions existing at the
        time of delivery of such financial, budget or other projections, and represented, and as of the date of this representation, represent, the Fund&#8217;s best estimate of the Fund&#8217;s future financial performance. No fact is known to the Fund that
        materially and adversely affects or in the future may (so far as it can reasonably foresee) materially and adversely affect the VRDP Shares, or the Fund&#8217;s ability to pay when due its obligations under this Agreement, any of the VRDP Shares and the
        other Related Documents that has not been set forth in the Offering Memorandum referenced in Section 4.07 hereof or in the financial information and other documents referred to in this Section 4.08 or in such information, reports, papers and data
        or otherwise disclosed in writing to the Liquidity Provider. The documents furnished and written statements made by the Fund in connection with the negotiation, preparation or execution of this Agreement and the other Related Documents do not
        contain untrue statements of material facts or omit to state material facts necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805693"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.09</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">1940 Act Registration.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund is duly registered as a closed-end management investment company under the 1940 Act and such registration is in full force and effect.</div>
      <div style="text-align: justify; text-indent: 36pt;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">26</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805694"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.10</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Effective Leverage Ratio; Minimum
          VRDP Shares Asset Coverage.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">As of the Closing Date, the Fund is in compliance with the Effective Leverage Ratio and the Minimum VRDP Shares Asset Coverage.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805695"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.11</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Investment Policies.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;">As of the Closing Date, the Fund owns only Eligible Assets.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805696"></a><font style="font-weight: bold; font-style: italic;">SECTION 4.12</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Credit Quality.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund has invested at least 80% of its Managed Assets in Municipal Obligations that, at the time of investment, were rated within the four highest grades (Baa or BBB or better) by at least one
        NRSRO or were unrated but judged to be of comparable quality by the Investment Adviser.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805697"></a>ARTICLE V</div>
      <div style="text-align: center; font-weight: bold;">REPRESENTATIONS AND WARRANTIES OF THE LIQUIDITY PROVIDER</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The representations and warranties set out in this Article V are given hereunder by the Liquidity Provider on the Closing Date, except with respect to the representation and warranty set forth in
        Section 5.07 which shall be given on the Closing Date.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805698"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Existence.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider is a national banking association duly organized and validly existing under the laws of the United States. The Liquidity Provider has all requisite power and authority to
        execute and deliver, and to perform its obligations under this Agreement and the VRDP Shares Purchase Agreement, including, without limitation, the Purchase Obligation.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805699"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Authorization; Contravention.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The execution, delivery and performance by the Liquidity Provider of this Agreement and the VRDP Shares Purchase Agreement, including, without limitation, the Purchase Obligation, are within the
        Liquidity Provider&#8217;s powers, have been duly authorized by all necessary action, require no action by or in respect of, or filing with, any governmental body, agency or official and do not violate or contravene, or constitute a default under, any
        provision of applicable law, charter, ordinance or regulation.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805700"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Binding Effect.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Each of this Agreement and the VRDP Shares Purchase Agreement, including, without limitation, the Purchase Obligation, constitutes, in the case of this Agreement, a valid and binding agreement of
        the Liquidity Provider, and, in the case of the VRDP Shares Purchase Agreement, including, without limitation, the Purchase Obligation, will, when executed and delivered, constitute a valid and binding agreement of the Liquidity Provider, in each
        case, enforceable in accordance with its terms except as (i) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors&#8217; rights generally and (ii) the availability of equitable remedies may be limited by
        equitable principles of general applicability, it being understood that the enforceability of indemnification provisions may be subject to limitations imposed under applicable securities laws.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">27</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805701"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.04</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Financial Information.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The publicly available portions of the Liquidity Provider&#8217;s most recent Call Report, and any amendments and supplements thereto, present fairly, in all material respects, the financial position of
        the Liquidity Provider and its subsidiaries as of the date of such report. Since the date of the most recent such Call Report, no transaction or event has occurred and no change has occurred in the condition (financial or otherwise) or operations
        of the Liquidity Provider that would materially and adversely affect its ability to perform its obligations under this Agreement or the VRDP Shares Purchase Agreement, including, without limitation, the Purchase Obligation.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805702"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Litigation.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Except as disclosed in the Offering Memorandum or in a schedule delivered to the Fund prior to the Closing Date, no filed action, suit, proceeding or any commenced investigation actually known to
        the Liquidity Provider is pending against the Liquidity Provider in any court or before any governmental authority in any way contesting or that a reasonably expected adverse decision would affect the validity of this Agreement or the VRDP Shares
        Purchase Agreement, including, without limitation, the Purchase Obligation.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805703"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.06</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Consents.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">All consents, licenses, approvals, validations and authorizations of, and registrations, validations or declarations by or with, any court or any regulatory, supervisory or governmental agency or
        bureau required to be obtained in connection with the performance of the Liquidity Provider or the execution, delivery by, or the validity or enforceability against, the Liquidity Provider of this Agreement and the other Related Documents to which
        the Liquidity Provider is a party have been obtained and are in full force and effect.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805704"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.07</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Offering Memorandum.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider Information does not contain, and will not contain, an untrue statement of material fact and the Liquidity Provider Information does not omit, and will not omit, to state a
        material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805705"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.08</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Ranking.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The obligations of the Liquidity Provider under the VRDP Shares Purchase Agreement rank <u>pari</u>&#160;<u>passu</u> with all other senior unsecured obligations of the Liquidity Provider (other than
        any such obligations preferred by statute or by operation of law).</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">28</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805706"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.09</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Related Party.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider is not related to the Fund within the meaning of Section 267(b) or Section 707(b) of the Code.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805707"></a><font style="font-weight: bold; font-style: italic;">SECTION 5.10</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Debt Rating.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider has a short-term debt ratings of &#8220;P-1&#8221; from Moody&#8217;s and &#8220;F1+&#8221; from Fitch.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805708"></a>ARTICLE VI</div>
      <div style="text-align: center; font-weight: bold;">COVENANTS OF THE FUND</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund agrees that, so long as there is any Purchase Obligation under the VRDP Shares Purchase Agreement or any amount payable hereunder or under any VRDP Shares remains outstanding:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805709"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Information.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Without limitation of the other provisions of this Agreement, the Fund will deliver, or cause the Tender and Paying Agent to deliver, to the Liquidity Provider:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;upon receipt, a copy of any Notice of Tender and any Notice of Purchase;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;within three (3) Business Days following the occurrence of a Mandatory Tender Event, a Mandatory Tender Notice;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;within three (3) Business Days following the occurrence of a Mandatory Purchase Event, a Mandatory Purchase Notice;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160; as promptly as practicable after the preparation and filing thereof with the SEC, each annual and semi-annual report prepared with respect to the Fund to the Liquidity Provider and
        Holders of VRDP Shares, which delivery may be made by notice of the electronic availability of any such document on a public website;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;notice of any change (including being put on Credit Watch or Watchlist), suspension or termination in or of the ratings on the VRDP Shares by any NRSRO then rating the VRDP Shares at
        the request of the Fund, or any change of an NRSRO rating the VRDP Shares at the request of the Fund, as promptly as practicable upon the occurrence thereof;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; notice of any redemption or other repurchase of any or all of the VRDP Shares as provided in the Statement of Preferences;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;notice of any proposed amendments to or waivers of any of the Related Documents at such time as the amendments or waivers are sent to other parties and in any event not less than ten
        (10) Business Days prior to any proposed amendment or waiver and copies of all actual amendments or waivers thereto within five (5) Business Days of being signed or, in each case, as provided in the relevant document;</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">29</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;notice of any missed, reduced or deferred dividend payment that remains uncured for more than three (3) Business Days as soon as reasonably practicable, but in no event later than one
        (1) Business Day after expiration of the grace period;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(i)&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; notice of insufficient deposit to provide for a properly noticed redemption as soon as reasonably practicable, but in no event later than two (2) Business Days after discovery of
        insufficient deposits;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(j)&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; notice of non-compliance with the Rating Agency Guidelines for more than five (5) Business Days or of the Minimum VRDP Shares Asset Coverage for more than five (5) Business Days as
        soon as reasonably practicable, but in no event later than one (1) Business Day after expiration of the grace period;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(k)&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; notice of the distribution of net capital gains in advance of the Rate Period (except in the case of the Current Special Rate Period) that such income will or may be distributed,
        simultaneously with the Tender and Paying Agent providing such notice to Beneficial Owners or their Agent Members;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(l)&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; notice of any change to any investment adviser or sub-adviser of the Fund within two (2) Business Days after a resignation or a notice of removal has been sent by or to any investment
        adviser or sub-adviser; provided, however, that this clause shall not apply to personnel changes of the investment adviser or sub-adviser;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(m)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; notice of any proxy solicitation as soon as reasonably practicable, but in no event later than five (5) Business Days after mailing thereof by the Fund&#8217;s proxy agent;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(n)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;notice one (1) Business Day after the occurrence thereof of (i) the failure of the Fund to pay the amount due on any senior securities or other debt at the time outstanding, and any
        period of grace or cure with respect thereto shall have expired; or (ii) the failure of the Fund to pay, or admitting in writing its inability to pay, its debts generally as they become due; or (iii) the failure of the Fund to pay accumulated
        dividends on any additional preferred shares ranking <u>pari</u>&#160;<u>passu</u> with the VRDP Shares, and any period of grace or cure with respect thereto shall have expired;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(o)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; as soon as reasonably practicable upon the request of the Liquidity Provider, any Remarketing Materials required of the Fund pursuant to Section 2.03(b);</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(p)&#160;&#160;&#160;&#160;&#160;&#160; &#160; notice of a material breach of any representation, warranty or covenant of the Fund, or the Tender and Paying Agent or Remarketing Agent set forth herein or in any Related Documents as
        soon as reasonably practicable, but in no event later than five (5) days after knowledge of senior management of the Fund or the Investment Adviser thereof;</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">30</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(q)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; notice of any action, suit, proceeding, investigation or regulatory or business development, including any that is pending or threatened in writing against the Fund or other Person in
        any court or before any governmental authority (i) in any way contesting or affecting the validity of this Agreement or any Related Document to which the Fund is a party; or (ii) in which a final adverse decision or outcome would materially
        adversely affect the ability of the Fund to perform its obligations under this Agreement or any other Related Document to which the Fund is a party as promptly as practicable, but in no event, later than ten (10) Business Days after knowledge of
        senior management of the Fund or the Investment Adviser thereof;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(r)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; copies of all certificates that the Fund has delivered to each NRSRO which is then rating the VRDP Shares at the request of the Fund that are set forth in the respective Rating Agency
        Guidelines regarding Minimum VRDP Shares Asset Coverage, the VRDP Shares Basic Maintenance Amount and all related calculations at such times and containing such information as set forth in the respective Rating Agency Guidelines as soon as
        reasonably practicable, but in no event, later than ten (10) Business Days after such certificates have been sent;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(s)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;on an approximately bi-weekly basis, a preliminary report of portfolio holdings of the Fund as of the end of the two-week period, which shall be substantially in the form previously
        provided to the Liquidity Provider for due diligence purposes or as otherwise reasonably requested by the Liquidity Provider from time to time;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(t)&#160;&#160;&#160;&#160; &#160; &#160;&#160; from time to time such additional information regarding the financial position, results of operations or prospects of the Fund as the Liquidity Provider may reasonably request
        including, without limitation, copies of all offering memorandums or other offering material with respect to the sale of any securities of the Fund as soon as reasonably practicable, but in no event later than ten (10) Business Days after a
        request;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(u)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;upon receipt, a copy of a Notice of Revocation received by the Tender and Paying Agent from a Beneficial Owner or its Agent Member;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;notice on each Business Day of the Fund&#8217;s then-current Effective Leverage Ratio and Minimum VRDP Shares Asset Coverage as of the close of business on the immediately preceding Business
        Day by Electronic Means (which for this purpose, includes the posting on the Fund&#8217;s website); and</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(w)&#160;&#160;&#160;&#160; &#160; &#160; notice of all balances, cash and portfolio holdings in the Failed Remarketing Condition Liquidity Account on each Business Day on which there are any such amounts in such account.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">31</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805710"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">No Amendment or Certain Other
          Actions Without Consent of the Liquidity Provider.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Without the prior written consent of the Liquidity Provider, the Fund will not agree or consent to any amendment, supplement, modification or repeal of any Related Document to which it is a party
        (or to which its consent is required because such Related Document constitutes an organizational document of the Fund or otherwise) or provision therein, nor waive any provision thereof. In addition, the Fund will not, without the prior written
        consent of the Liquidity Provider (except in the case of an Initial Special Rate Period), designate or approve of: (i) the designation of any Special Rate Period pursuant to Section 4(a) of Part I of the Statement of Preferences; (ii) any change to
        the Dividend Payment Dates or Dividend Periods in respect of any Minimum Rate Periods pursuant to Section 2(d)(i) of Part I of the Statement of Preferences; (iii) any change to the definition of Applicable Rate, Applicable Spread or Maximum Rate,
        as each is defined in the Definitions section of the Statement of Preferences; (iv) any change to the Dividend Payment Dates in respect of any Special Rate Period consisting of more than seven Rate Period Days pursuant to Section 2(d)(ii) of Part I
        of the Statement of Preferences; (v) the authorization, creation or issuance of any class or series of shares ranking prior to or on a parity with the VRDP Shares with respect to the payment of dividends or the distribution of assets upon
        dissolution, liquidation or winding up of the affairs of the Fund, or the authorization, creation or issuance of additional shares of any series of VRDP Shares in accordance with Section 5(c)(i)(a) of Part I of the Statement of Preferences; (vi)
        unless the VRDP Shares are redeemed in full prior to the conversion, the conversion of the Fund from a closed-end to an open-end investment company pursuant to Section 5(c)(ii)(A) of Part I of the Statement of Preferences; (vii) any plan of
        reorganization of the Fund pursuant to Section 5(c)(ii)(B) of Part I of the Statement of Preferences; (viii) the inclusion of Special Redemption Provisions in the Notice of Special Rate Period as described in Section 10(a)(ii) of Part I of the
        Statement of Preferences; (ix) the modification of the procedures for redemption as described in Section 10(j) of Part I of the Statement of Preferences; (x) any amendment to the Statement of Preferences in connection with the issuance of
        additional VRDP Shares or the issuance of an additional series of VRDP Shares pursuant to Section 13(a) of Part I of the Statement of Preferences; (xi) the selection of one or more Other Rating Agencies, which prior written consent shall be
        determined in the Liquidity Provider&#8217;s good faith discretion; (xii) any change to the Fund&#8217;s investment objectives, as described in the Offering Memorandum, requiring the approval of the holders of a &#8220;majority of the Outstanding&#8221; (as defined in the
        1940 Act) Common Shares and VRDP Shares, voting as a separate class, which prior written consent shall be determined in the Liquidity Provider&#8217;s good faith discretion; or (xiii) the appointment of a LIBOR Dealer (as defined in the Definitions
        section of the Statement of Preferences) from time to time.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805711"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Notices and Consents Regarding
          Remarketing Agent and the Tender and Paying Agent.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall not, without the Liquidity Provider&#8217;s prior written consent (which consent shall not be unreasonably withheld), appoint any Person other than the Person defined herein as the Tender
        and Paying Agent to perform the duties of the Tender and Paying Agent or BofA Securities, Inc. to perform the duties of the Remarketing Agent, in each case in respect of the VRDP Shares. In addition, the Fund shall require in the Remarketing
        Agreement that the Remarketing Agent will notify the Liquidity Provider within one (1) Business Day by telephone or Electronic Means, if, at any time, the Remarketing Agent owns any VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805712"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.04</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Maintenance of Existence.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall continue to maintain its existence as a statutory trust under the laws of the State of Delaware, with full right and power to issue the VRDP Shares and to execute, deliver and
        perform its obligations under this Agreement and each other Related Document.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805713"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Ratings.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund will use its best efforts to maintain a long-term preferred share rating of the VRDP Shares of Aa2 by Moody&#8217;s or a long-term preferred share rating of the VRDP Shares of AA by Fitch (or
        the highest equivalent ratings category for preferred shares furnished by at least one Rating Agency).</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">32</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805714"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.06</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Tax Status of the Fund.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund will qualify as a Regulated Investment Company within the meaning of Section 851(a) of the Code and the dividends made with respect to the VRDP Shares will qualify as tax exempt dividends
        to the extent designated by the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805715"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.07</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Deposit Securities.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Except as otherwise provided with respect to a Failed Remarketing Condition&#8212; Purchased VRDP Shares Redemption in Section 6.21 below, if a Notice of Redemption of VRDP Shares has been provided in
        accordance with the Statement of Preferences, the Fund shall have available Deposit Securities or shall deposit with the Tender and Paying Agent, on the day such Notice of Redemption is provided to Holders, an aggregate amount of Deposit Securities
        with a Market Value sufficient to redeem the VRDP Shares that are the subject of such notice as provided in the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805716"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.08</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Payment Obligations.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall promptly pay or cause to be paid all amounts payable by it hereunder and under the Tender and Paying Agent Agreement and the VRDP Shares Remarketing Agreement, according to the terms
        hereof or thereof, shall take such actions as may be necessary to include all payments hereunder which are subject to appropriation in its budget and make full appropriations related thereto, and shall duly perform each of its obligations under
        this Agreement, the Tender and Paying Agent Agreement and the VRDP Shares Remarketing Agreement. All payments of any sums due hereunder shall be made in the amounts required hereunder without any reduction or setoff, notwithstanding the assertion
        of any right of recoupment or setoff or of any counterclaim by the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805717"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.09</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Compliance With Law.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall comply with all laws, ordinances, orders, rules and regulations that may be applicable to it if the failure to comply could have a material adverse effect on the Fund&#8217;s ability to
        pay when due and otherwise perform its obligations under this Agreement, any of the VRDP Shares, and the other Related Documents.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805718"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.10</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Maintenance of Approvals: Filings,
          Etc.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall at all times maintain in effect, renew and comply with all the terms and conditions of all consents, filings, licenses, approvals and authorizations as may be necessary under any
        applicable law or regulation for its execution, delivery and performance of this Agreement and the other Related Documents to which it is a party, except to the extent not doing so would not have a material adverse effect on the Fund&#8217;s ability to
        pay when due and otherwise perform its obligations under this Agreement, any of the VRDP Shares or any other Related Documents.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">33</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805719"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.11</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Inspection Rights.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall, at any reasonable time and from time to time, upon at least five (5) Business Days advance written notice provided to the Fund, permit the Liquidity Provider or any agents or
        representatives thereof, at the Fund&#8217;s expense, to examine the records and books of account related to the transactions contemplated by this Agreement, to visit its properties and to discuss its affairs, finances and accounts with any of its
        officers and independent accountants, <u>provided</u>, <u>however</u>, that the Fund shall not be required to pay for more than two inspections per fiscal year. The Fund will not withhold its authorization for its independent accountants to
        discuss its affairs, finances and accounts with the Liquidity Provider.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805720"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.12</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Permitted Liens.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall not create or incur or suffer to be incurred or to exist any lien on any other funds, accounts or other property held under the Agreement and Declaration of Trust, except (a) as
        permitted by the Agreement and Declaration of Trust or liens arising by operation of law for taxes, assessments or similar governmental charges or levies and liens arising in the ordinary course of business by operation of law and not securing
        indebtedness, in each case that (x) are not yet due and payable or (y) are being contested in good faith by appropriate proceedings and for which the Fund has set aside on its books adequate reserves with respect thereto in accordance with United
        States generally accepted accounting principles consistently applied and (b) except for any lien of the Custodian with respect to the payment of its fees or repayment for its advances, any lien that may be incurred in connection with the Fund&#8217;s use
        of tender option bonds, futures and forward start swaps and other derivative transactions, and any lien that may be incurred in connection with the Fund&#8217;s use of alternative forms of leverage for purposes of redeeming all of the Outstanding VRDP
        Shares, provided that the Fund delivers all of the proceeds raised from the alternative leverage to the Tender and Paying Agent for investment in Deposit Securities for the purpose of redeeming the VRDP Shares, issues a notice of redemption for the
        VRDP Shares on the day it receives such cash and redeems such VRDP Shares as soon as practicable in accordance with the terms of the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805721"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.13</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Litigation, Etc.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall give prompt notice in writing to the Liquidity Provider of any litigation, administrative proceeding or business development which, if adversely determined, may materially adversely
        affect its business, properties or affairs and reasonably would impair the ability of the Fund to perform its obligations as set forth hereunder or under any of the Related Documents to which it is a party.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805722"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.14</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">1940 Act Registration.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall maintain its valid registration as a registered closed-end company under the 1940 Act in full force and effect.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">34</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805723"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.15</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Purchase by Affiliates.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall not permit or cause to be permitted the Investment Adviser, affiliated persons of the Investment Adviser (as defined in Section 2(a)(3) of the 1940 Act) (other than the Fund, in the
        case of a purchase of VRDP Shares which are to be cancelled within 10 days of purchase by the Fund), and Persons over which the Investment Adviser, or affiliated persons (as defined in Section 2(a)(3) of the 1940 Act) of the Investment Adviser,
        exercise discretionary investment or voting authority (other than the Fund, in the case of a purchase of VRDP Shares which are to be cancelled within 10 days of purchase by the Fund), to purchase VRDP Shares without the prior written consent of the
        Liquidity Provider, and any such purchases without such consent shall be void <font style="font-style: italic;">ab initio</font>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805724"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.16</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Eligible Assets.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall make investments only in Eligible Assets in accordance with the Fund&#8217;s investment objectives and the investment policies as set forth under &#8220;Investment Objective and Policies&#8221; in the
        Offering Memorandum.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805725"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.17</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Credit Quality.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Unless the Fund receives the prior written consent of the Liquidity Provider (such consent to be determined in the Liquidity Provider&#8217;s good faith discretion), the Fund will, under normal market
        conditions, invest at least 80% of its Managed Assets in Municipal Obligations that, at the time of investment, are rated within the four highest grades (Baa or BBB or better) by at least one NRSRO or are unrated but judged to be of comparable
        quality by the Investment Adviser; provided, however, that the Fund may invest up to 100% of its Managed Assets in securities issued by money market funds that invest exclusively in Eligible Assets.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805726"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.18</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Leverage Ratio.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Unless the Fund receives the prior written consent of the Liquidity Provider, the Fund&#8217;s Effective Leverage Ratio shall not exceed 45%; <u>provided,</u>&#160;<u>however,</u> in the event that the
        Fund&#8217;s Effective Leverage Ratio exceeds 45% as of the close of business on any Business Day (i) solely by reason of fluctuations in the market value of its portfolio securities, in such event and to the extent the Effective Leverage Ratio exceeds
        46% as of the close of business on any Business Day and (ii) in any event other than an event described in the immediately preceding clause (i), the Fund shall cause its Effective Leverage Ratio to be 45% or lower within ten (10) Business Days (&#8220;<font style="font-weight: bold;">Effective Leverage Ratio Cure Period</font>&#8221;).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805727"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.19</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Engagement of Remarketing Agent
          and Tender and Paying Agent.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund will use its best efforts to engage at all times a Remarketing Agent that is a nationally recognized securities dealer with expertise in remarketing adjustable rate securities and a Tender
        and Paying Agent, as provided in Section 2.01 of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805728"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.20</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">[Intentionally Omitted.]</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">35</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805729"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.21</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Failed Remarketing
          Condition&#8212;Purchased VRDP Shares Redemption.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">If the Liquidity Provider acquires any VRDP Shares pursuant to the Purchase Obligation and continues to be the beneficial owner for federal income tax purposes of such Purchased VRDP Shares for a
        continuous period of six months during which such Purchased VRDP Shares are tendered for Remarketing on each Business Day in accordance with the Related Documents but cannot be successfully remarketed pursuant to such Remarketings (i.e., a Failed
        Remarketing Condition<font style="font-weight: bold; font-style: italic;">&#8212;</font>Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such Purchased VRDP Shares), the Fund shall effect a Failed
        Remarketing Condition&#8212;Purchased VRDP Shares Redemption out of funds legally available for the redemption of the Purchased VRDP Shares that are subject to the Failed Remarketing Condition&#8212;Purchased VRDP Shares Redemption and in accordance with any
        other applicable law restrictions that apply to redemptions of stock; provided, that, as of the date of redemption: (i) to the extent any VRDP Shares are Outstanding and held by Persons other than the Liquidity Provider, the Purchase Obligation of
        the Liquidity Provider whose VRDP Shares are subject to the Failed Remarketing Condition&#8212;Purchased VRDP Shares Redemption (i.e., Bank of America, N.A., or any successor or permitted assign) remains in effect to the extent required by, and in
        accordance with, the VRDP Shares Purchase Agreement with Bank of America, N.A., or any successor or permitted assign; and (ii) to the extent (a) any VRDP Shares are Outstanding and held by Persons other than the Liquidity Provider and (b) the
        Purchase Obligation of the Liquidity Provider whose VRDP Shares are subject to the Failed Remarketing Condition&#8212;Purchased VRDP Shares Redemption (i.e., Bank of America, N.A., or any successor or permitted assign) remains in effect to the extent
        required by, and in accordance with, the VRDP Shares Purchase Agreement with Bank of America, N.A., or any successor or permitted assign, the Liquidity Provider whose VRDP Shares are subject to the Failed Remarketing Condition&#8212; Purchased VRDP
        Shares Redemption (i.e., Bank of America, N.A., or any successor or permitted assign) shall have made written affirmation to the Fund not later than the Business Day immediately preceding the Redemption Date to the effect that the Liquidity
        Provider is in compliance with the Purchase Obligation in accordance with its terms. Notwithstanding the foregoing proviso, any failure or delay by the Liquidity Provider whose VRDP Shares are subject to the Failed Remarketing Condition&#8212; Purchased
        VRDP Shares Redemption (i.e., Bank of America, N.A., or any successor or permitted assign) to deliver the affirmation referred to in the foregoing proviso shall not relieve the Fund of its obligation to effectuate a Failed Remarketing Condition&#8212;
        Purchased VRDP Shares Redemption and shall only result in a delay by the Fund to effectuate a Failed Remarketing Condition&#8212; Purchased VRDP Shares Redemption until one (1) Business Day following the date that such Liquidity Provider delivers such
        affirmation or such affirmation is no longer required. The six-month holding period for Purchased VRDP Shares acquired and continuously held as a result of a continuing Failed Remarketing Condition&#8212;Purchased VRDP Shares will be determined by the
        Fund on a first-in, first-out basis.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall effect a Failed Remarketing Condition&#8212;Purchased VRDP Shares Redemption on the Redemption Date fixed by the Fund therefor, which date will not be later than three (3) Business Days
        after the expiration of the six-month period, except that if the Fund does not have funds legally available for the redemption of all of the required number of Purchased VRDP Shares which are subject to the Failed Remarketing Condition&#8212;Purchased
        VRDP Shares Redemption or the Fund otherwise is unable as a result of applicable law restrictions that apply to redemptions of stock to effect such redemption, on or prior to three Business Days after the expiration of the six-month period, the
        Fund will redeem those Purchased VRDP Shares which it was unable to redeem on the earliest practicable date on which it is able to effect such redemption out of legally available funds in respect of stock and in accordance with applicable law
        restrictions that apply to redemptions of stock.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Notwithstanding anything expressed or implied to the contrary in this Agreement, nothing outside of this Section 6.21 or Section 6.23 shall confer upon the Liquidity Provider any rights to a
        redemption of Purchased VRDP Shares (other than the rights provided to Holders under the Statement of Preferences).</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">36</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805730"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.22</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Failed Remarketing Condition
          Liquidity Account.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Upon the occurrence and continuance of a Failed Remarketing Condition<font style="font-weight: bold; font-style: italic;">&#8212; </font>Purchased VRDP Shares with respect to any VRDP
        Shares, by the fifth Business Day following delivery of notice thereof from the Liquidity Provider in accordance with Section 7.08(c) of this Agreement, the Fund shall cause the Custodian to segregate, by means of appropriate identification on its
        books and records or otherwise in accordance with the Custodian&#8217;s normal procedures, from the other assets of the Fund (a &#8220;<font style="font-weight: bold;">Liquidity Account</font>&#8221;) Liquidity Account Investments with a Market Value equal to at
        least 110% of the Liquidation Preference of such Purchased VRDP Shares. If, while the Failed Remarketing Condition<font style="font-weight: bold; font-style: italic;">&#8212;</font>Purchased VRDP Shares with respect to such Purchased VRDP Shares is
        continuing, the aggregate Market Value of the Liquidity Account Investments included in the Liquidity Account for such Purchased VRDP Shares as of the close of business on any Business Day is less than 110% of the Liquidation Preference of such
        Purchased VRDP Shares, then the Fund shall cause the Custodian and the Investment Adviser to take all such necessary actions, including segregating additional assets of the Fund as Liquidity Account Investments, so that the aggregate Market Value
        of the Liquidity Account Investments included in the Liquidity Account for such Purchased VRDP Shares is at least equal to 110% of the Liquidation Preference of such Purchased VRDP Shares not later than the close of business on the next succeeding
        Business Day. With respect to assets of the Fund segregated as Liquidity Account Investments, the Investment Adviser, on behalf of the Fund, shall be entitled to instruct the Custodian with a copy to the Liquidity Provider on any date to release
        any Liquidity Account Investments with respect to any Purchased VRDP Shares from such segregation and to substitute therefor other Liquidity Account Investments, so long as (i) the assets of the Fund segregated as Liquidity Account Investments with
        respect to such Purchased VRDP Shares at the close of business on such date have a Market Value at least equal to 110% of the Liquidation Preference of such Purchased VRDP Shares and (ii) the assets of the Fund designated and segregated as Deposit
        Securities at the close of business on such date have a Market Value at least equal to the Liquidity Requirement (if any) determined in accordance with subsection (b) below with respect to such Purchased VRDP Shares for such date. The Fund shall
        cause the Custodian not to permit any lien, security interest or encumbrance to be created or permitted to exist on or in respect of any Liquidity Account Investments included in the Liquidity Account for any Purchased VRDP Shares, other than
        liens, security interests or encumbrances arising by operation of law and any lien of the Custodian with respect to the payment of its fees or repayment for its advances. Notwithstanding anything expressed or implied to the contrary herein, the
        assets of the Liquidity Account shall continue to be assets of the Fund subject to the interests of all creditors and shareholders of the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Subject to notice having been received as referred to in subsection (a) above, the Market Value of the Deposit Securities held in the Liquidity Account for any Purchased VRDP Shares,
        from and after the day (or, if such day is not a Business Day, the next succeeding Business Day) preceding the expiration of the six-month period for the Failed Remarketing Condition<font style="font-weight: bold; font-style: italic;">&#8212;</font>Purchased



        VRDP Shares applicable to such Purchased VRDP Shares (which, for the avoidance of doubt, may result in multiple six month periods, each in respect of a Failed Remarketing Condition<font style="font-weight: bold; font-style: italic;">&#8212;</font>Purchased


        VRDP Shares in respect of applicable Purchased VRDP Shares) specified in the table set forth below, shall not be less than the percentage of the Liquidation Preference for such Purchased VRDP Shares set forth below opposite such day (the &#8220;<font style="font-weight: bold;">Liquidity Requirement</font>&#8221;), but in all cases subject to the cure provisions of subsection (c) below:</div>
      <div style="text-align: justify; text-indent: 36pt;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">37</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3571d11254634f79a46bafee2d5874b8" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; text-indent: 36pt;">Number of Days*</div>
              <div style="text-align: center; text-indent: 36pt;">Preceding the Six-Month Anniversary of the</div>
              <div style="text-align: center; text-indent: 36pt;"><u>Liquidity Provider&#8217;s Purchase</u></div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; text-indent: 36pt;">Value of Deposit Securities as Percentage of</div>
              <div style="text-align: center; text-indent: 36pt;"><u>Liquidation Preference</u></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; text-indent: 36pt;">150</div>
            </td>
            <td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; text-indent: 36pt;">20%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; text-indent: 36pt;">120</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; text-indent: 36pt;">40%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; text-indent: 36pt;">90</div>
            </td>
            <td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; text-indent: 36pt;">60%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; text-indent: 36pt;">60</div>
            </td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center; text-indent: 36pt;">80%</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; text-indent: 36pt;">30</div>
            </td>
            <td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: center; text-indent: 36pt;">100%</div>
            </td>
          </tr>

      </table>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center;">*Or if such day is not a Business Day, the next succeeding Business Day</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; If the aggregate Market Value of the Deposit Securities included in the Liquidity Account for any Purchased VRDP Shares as of the close of business on any Business Day is less than the
        Liquidity Requirement in respect of such Purchased VRDP Shares for such Business Day, then the Fund shall cause the segregation of additional or substitute Deposit Securities in respect of the Liquidity Account for such Purchased VRDP Shares, so
        that the aggregate Market Value of the Deposit Securities included in the Liquidity Account for such Purchased VRDP Shares is at least equal to the Liquidity Requirement for such Purchased VRDP Shares not later than the close of business on the
        next succeeding Business Day.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Deposit Securities included in the Liquidity Account for any Purchased VRDP Shares may be applied by the Fund, in its discretion, towards payment of the Redemption Price for such
        Purchased VRDP Shares. Upon the earlier to occur of (i) the successful remarketing of the Purchased VRDP Shares or (ii) the deposit by the Fund with the Tender and Paying Agent with arrangements satisfactory to the Liquidity Provider of Deposit
        Securities having an initial combined Market Value sufficient to effect the redemption of such Purchased VRDP Shares on the Redemption Date for such Purchased VRDP Shares, the requirement of the Fund to maintain a Liquidity Account for such
        Purchased VRDP Shares as contemplated by this Section 6.22 shall lapse and be of no further force and effect.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805731"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.23</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Maintenance of Minimum VRDP Shares
          Asset Coverage.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall maintain Minimum VRDP Shares Asset Coverage of 225% or, if it does not cure a failure to maintain the Minimum VRDP Shares Asset Coverage by the Minimum VRDP Shares Asset Coverage
        Cure Date, the Fund shall immediately commence a redemption of VRDP Shares, as provided in Section 10(b)(i) of Part I of the Statement of Preferences, out of funds legally available for the redemption of VRDP Shares and in accordance with any other
        applicable law restrictions that apply to redemptions of stock.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">38</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805732"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.24</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Issuance of Senior Securities.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">For so long as any VRDP Shares are Outstanding, the Fund shall not issue or suffer to exist any other &#8220;senior security&#8221; (as defined in the 1940 Act as of the date hereof or, in the event such
        definition shall be amended, with such changes to the definition thereof as consented to by the Liquidity Provider) of the Fund, except as may be otherwise mutually agreed upon by the Fund and the Liquidity Provider or that may be issued in
        connection with the Fund&#8217;s redemption of all of the Outstanding VRDP Shares, provided that the Fund delivers all of the proceeds raised from such issuance to the Tender and Paying Agent for investment in Deposit Securities for the purpose of
        redeeming the VRDP Shares, issues a notice of redemption for the VRDP Shares on the day it receives such cash and redeems such VRDP Shares as soon as practicable in accordance with the terms of the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805733"></a><font style="font-weight: bold; font-style: italic;">SECTION 6.25</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Satisfaction of Conditions to
          Closing Date.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall use commercially reasonable efforts to satisfy the conditions set forth in Section 3.01; provided, however, that nothing shall limit the Board from acting in accordance with their
        fiduciary duties with respect to any determination whether to issue VRDP Shares or otherwise.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805734"></a>ARTICLE VII</div>
      <div style="text-align: center; font-weight: bold;">COVENANTS OF THE LIQUIDITY PROVIDER</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider agrees that, from the Closing Date, so long as there is any commitment under the VRDP Shares Purchase Agreement or any amount payable under the VRDP Shares Purchase Agreement
        or under any VRDP Shares remains outstanding:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805735"></a><font style="font-weight: bold; font-style: italic;">SECTION 7.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Proceedings.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider will deliver to the Fund as promptly as practicable notice of any filed action, suit or proceeding or any commenced investigation actually known to the Liquidity Provider,
        including any that is pending against the Liquidity Provider in any court or before any governmental authority (i) in any way contesting or affecting the validity of this Agreement or the VRDP Share Purchase Agreement, including without limitation,
        the Purchase Obligation; or (ii) in which a reasonably expected final adverse decision would have the effect of making the Liquidity Provider unable to perform its obligations under this Agreement and the VRDP Shares Purchase Agreement, including,
        without limitation, the Purchase Obligation.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805736"></a><font style="font-weight: bold; font-style: italic;">SECTION 7.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Waiver.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">In the event of a termination of the VRDP Shares Purchase Agreement as a result of a Termination Event, the Liquidity Provider agrees to waive its right with respect to Purchased VRDP Shares to
        exercise the Purchase Obligation provided by any subsequent Liquidity Provider; <u>provided</u>, <u>however</u>, that any Purchased VRDP Shares that are subsequently sold by the Liquidity Provider in a successful Remarketing shall at the time of
        such sale and thereafter have the full benefit of the Purchase Obligation of any subsequent Liquidity Provider; and, <u>provided,</u>&#160;<u>further</u>, that any Purchase Obligation of a subsequent Liquidity Provider with respect to the Purchased
        VRDP Shares shall be on parity with the Purchase Obligation of such Liquidity Provider with respect to all other Outstanding VRDP Shares.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">39</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805737"></a><font style="font-weight: bold; font-style: italic;">SECTION 7.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Payment Obligations.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider shall promptly pay or cause to be paid all amounts payable by it under the VRDP Shares Purchase Agreement according to the terms thereof. The obligation of the Liquidity
        Provider under the VRDP Shares Purchase Agreement shall be unconditional and irrevocable in accordance with the provisions thereof, without regard to, without limitation, any failure of the representations, warranties, agreements or performance of
        the Tender and Paying Agent set forth therein or of the Fund set forth or incorporated by reference in this Agreement or in any Related Documents.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805738"></a><font style="font-weight: bold; font-style: italic;">SECTION 7.04</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Compliance With Law.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider shall comply with all laws, ordinances, orders, rules and regulations that may be applicable to it if the failure to comply could have a material adverse effect on the
        Liquidity Provider&#8217;s ability to perform when due the Purchase Obligation or its other obligations under the Related Documents.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805739"></a><font style="font-weight: bold; font-style: italic;">SECTION 7.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Maintenance of Approvals: Filings,
          Etc.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider shall at all times maintain in effect, renew and comply with all the terms and conditions of all consents, filings, licenses, approvals and authorizations as may be necessary
        under any applicable law or regulation for its execution, delivery and performance of this Agreement and the other Related Documents.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805740"></a><font style="font-weight: bold; font-style: italic;">SECTION 7.06</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">No Amendment Without Consent of
          the Fund.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Without the prior written consent of the Fund, the Liquidity Provider will not agree or consent to any amendment, supplement, modification or repeal of the VRDP Shares Purchase Agreement, nor waive
        any provision thereof.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805741"></a><font style="font-weight: bold; font-style: italic;">SECTION 7.07</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">[Intentionally Omitted.]</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805742"></a><font style="font-weight: bold; font-style: italic;">SECTION 7.08</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Additional Information.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider will deliver or cause to be delivered to the Fund:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;as promptly as practicable after the preparation thereof, each publicly available financial statement prepared with respect to the Liquidity Provider, which delivery shall be deemed to
        have been made upon electronic availability to the public of any such document;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;as soon as reasonably practicable upon the request of the Fund, any Remarketing Materials required of the Liquidity Provider pursuant to Section 2.03(b); and</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">40</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;as promptly as practicable after the purchase of VRDP Shares pursuant to a Failed Remarketing Condition or the sale of such Purchased VRDP Shares, written notice thereof (which notice
        shall also be provided to the Remarketing Agent in the case of any such sale other than through a Remarketing), specifying, as applicable, the commencement or conclusion of the Failed Remarketing Condition, the date of purchase or sale and number
        of VRDP Shares purchased or sold;</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 10pt;"><u>provided</u></font><font style="font-size: 10pt;">, <u>however</u>, that any failure of the Liquidity Provider to deliver any of the foregoing notices shall not
          relieve the Fund of its obligation to adjust the Applicable Rate to the Maximum Rate and to pay any amounts due on the Purchased VRDP Shares.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">If at any time the Liquidity Provider&#8217;s bank holding company is not furnishing information to the SEC pursuant to Section 13 or 15(d) of the Exchange Act, in order to preserve the exemption for
        resales and transfers under Rule 144A, the Liquidity Provider shall furnish, or cause to be furnished, to Holders and Beneficial Owners of VRDP Shares and prospective purchasers of VRDP Shares, upon request, information with respect to the
        Liquidity Provider satisfying the requirements of subsection (d)(4) of Rule 144A.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805743"></a><font style="font-weight: bold; font-style: italic;">SECTION 7.09</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Obligation to Execute Related
          Documents.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider shall execute each of the Related Documents to which it is a party if, on the Closing Date, to the extent (a) such Related Documents have been delivered to the Liquidity
        Provider (i) in the forms attached hereto as Exhibit E or (ii) with such changes as agreed to by the Liquidity Provider in its sole discretion in good faith and (b) the conditions specified in Sections 3.01 have been satisfied.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;"><a name="z_Toc57805744"></a>ARTICLE VIII</div>
      <div style="text-align: center; font-weight: bold;">MISCELLANEOUS</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805745"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Notices.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">All notices, requests and other communications to any party hereunder shall be in writing (including telecopy, electronic mail or similar writing), except in the case of notices and other
        communications permitted to be given by telephone, and shall be given to such party at its address or telecopy number or e-mail address set forth below or such other address or telecopy number or e-mail address as such party may hereafter specify
        for the purpose by notice to the other parties. Each such notice, request or other communication shall be effective (i) if given by mail, upon receipt, or (ii) if given by any other means, when delivered at the address specified in this Section;
        provided that notices to the Liquidity Provider under Section 6.01 shall not be effective until received in writing; except as otherwise specified, notices under Section 6.01 may be given by telephone to the Liquidity Provider at the telephone
        numbers listed below (or such other telephone numbers as may be designated by the Liquidity Provider, by written notice to the Fund, to receive such notice), immediately confirmed in writing, including by fax or electronic mail. The notice address
        for each party is specified below:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;if to the Fund:</div>
      <div>&#160;</div>
      <div style="margin-left: 72pt;">BlackRock New York Municipal Income Trust</div>
      <div style="margin-left: 72pt;">100 Bellevue Parkway</div>
      <div style="margin-left: 72pt;">Wilmington, DE 19808-3700</div>
      <div><br>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">41</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin-top: 4px; margin-bottom: 4px; width: 100%; border-width: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
        </div>
      </div>
      <div style="margin-left: 72pt;">Attention: Accounting Custody</div>
      <div style="margin-left: 72pt;">Telephone: (302) 797-6179</div>
      <div style="margin-left: 72pt;">Telecopy: (302) 797-2455</div>
      <div style="margin-left: 72pt;">Email: Accounting.Custody@blackrock.com</div>
      <div>&#160;</div>
      <div style="text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;if to the Liquidity Provider:</div>
      <div>&#160;</div>
      <div style="margin-left: 72pt;">Bank of America, N.A.</div>
      <div style="margin-left: 72pt;">One Bryant Park</div>
      <div style="margin-left: 72pt;">1111 Avenue of the Americas, 9<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
      <div style="margin-left: 72pt;">New York, NY 10036</div>
      <div style="margin-left: 72pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc9618da6db094be299cee2f26f8f690a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 58.5pt; vertical-align: top;">Attention:</td>
            <td style="width: auto; vertical-align: top;">
              <div>Thomas Visone</div>
            </td>
          </tr>

      </table>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z2b670c1b97fe4a6b8c8cb90b2eae6511">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 58.5pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Mary Ann Olson</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="ze9cbc9348ec2412bb81ed8529f518380">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 58.5pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>
                  <div>Todd Blasiak</div>
                </div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z6417f5e2b27e42eea35a136a1733ccae">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 58.5pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>
                  <div>Lisa Irizarry</div>
                </div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z8375f40eee0745e09681affa57f23005">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 58.5pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>Michael Jentis</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-indent: -58.5pt; margin-left: 130.5pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zb94315768e8041488234fedb750997dc" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;">&#160;</td>
            <td style="width: 63pt; vertical-align: top;">Telephone:</td>
            <td style="width: auto; vertical-align: top;">
              <div>(212) 449-7358 (Visone/Blasiak/Irizarry)</div>
            </td>
          </tr>

      </table>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z376ec0a56fa3463c8b1bc564a14f5cec">

            <tr>
              <td style="width: 72pt;">&#160;</td>
              <td style="width: 63pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>(212) 449-8300 (Jentis)</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-indent: -58.5pt; margin-left: 130.5pt;"><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zc7d851bd00094cc78a4287dc862b44b4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 58.5pt; vertical-align: top;">Email:</td>
            <td style="width: auto; vertical-align: top;">
              <div>thomas.visone@baml.com</div>
            </td>
          </tr>

      </table>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zc2d4ef35f0ff47a098d8118803357278">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 58.5pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>
                  <div>mary.ann.olson@bofa.com</div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z6bc953a41686400f9f7552907900e40a">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 58.5pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>
                  <div>todd.blasiak@bofa.com</div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z1e958ed0810c4b3aaa7a39aaff5686ac">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 58.5pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>
                  <div>
                    <div>lisa.m.irizarry@bofa.com</div>
                  </div>
                </div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z29f5aacb584044d2841ea5ab2310132e">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 58.5pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>
                  <div>
                    <div>michael.jentis@bofa.com</div>
                  </div>
                </div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zcbbedebfd7cb436aaf6415055996bd90">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 58.5pt; vertical-align: top;"><br>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div>
                  <div>
                    <div>DG.pfloats@bofa.com</div>
                  </div>
                </div>
              </td>
            </tr>

        </table>
        &#160;</div>
      <div style="text-indent: -58.5pt; margin-left: 130.5pt;">Wire Instructions:</div>
      <div>&#160;</div>
      <div style="margin-left: 130.5pt;">Bank of America, N.A.</div>
      <div style="margin-left: 130.5pt;">ABA 026009593</div>
      <div style="margin-left: 130.5pt;">New York, NY</div>
      <div style="margin-left: 130.5pt;">Acct. # 1365840632100</div>
      <div style="margin-left: 130.5pt;">Attn: BLSF&amp;O OPERATIONS</div>
      <div style="margin-left: 130.5pt;">Bank to Bank Instructions: LOAN WIRE ACCOUNT</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805746"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">No Waivers.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The obligations of the Fund hereunder shall not in any way be modified or limited by reference to any other document, instrument or agreement (including, without limitation, the VRDP
        Shares or any other Related Document). The rights of the Liquidity Provider hereunder are separate from and in addition to any rights that any Holder or Beneficial Owner of any VRDP Shares may have under the terms of such VRDP Shares or any Related
        Document or otherwise.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">42</font></div>
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      </div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No failure or delay by the Fund or the Liquidity Provider in exercising any right, power or privilege hereunder or under any other Related Document or the VRDP Shares shall operate as
        a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. No failure or delay by the Fund or the Liquidity Provider in exercising any
        right, power or privilege under or in respect of the VRDP Shares or any other Related Document shall affect the rights, powers or privileges of the Fund or the Liquidity Provider hereunder or thereunder or shall operate as a limitation or waiver
        thereof. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805747"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Expenses and Indemnification.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Fund shall upon demand either, as the Liquidity Provider may require, pay in the first instance or reimburse the Liquidity Provider (to the extent that payments for the following
        items are not made under the other provisions hereof) for (i) the reasonable fees, expenses, and disbursement of the Liquidity Provider (including reasonable fees and costs of outside counsel) incurred by the Liquidity Provider in connection with
        the execution, delivery and performance of this Agreement and the other Related Documents and other instruments mentioned herein, and (ii) all reasonable out-of-pocket expenses (including reasonable fees and costs of outside counsel) incurred by
        the Liquidity Provider in connection with the enforcement of or preservation of rights under this Agreement or the other Related Documents. The Fund shall not be responsible under clause (ii) above for the fees and costs of more than one law firm
        in any one jurisdiction with respect to any one proceeding or set of related proceedings for the Liquidity Provider, unless the Liquidity Provider shall have concluded that there are legal defenses available to it that are different from or
        additional to those available to the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund agrees to indemnify and hold harmless the Liquidity Provider and each other Indemnified Person of the Liquidity Provider from and against any losses, claims, damages,
        liabilities or expenses incurred by them (including reasonable fees and disbursements of outside counsel) which (i) are related to or arise out of (A) any untrue statements or alleged untrue statements of a material fact made or any statements of a
        material fact omitted or alleged to have been omitted to be made in the Offering Memorandum or any of the Remarketing Materials and required to be stated therein or necessary to make the statement therein, in light of the circumstances in which
        they were made, not materially misleading and excluding any statement of omissions related to the Liquidity Provider Information (including in each case any documents incorporated by reference therein), (B) actions taken or omitted to be taken by
        the Fund or its affiliates in connection with the transactions contemplated by this Agreement, the VRDP Shares Purchase Agreement, the Tender and Paying Agent Agreement, the VRDP Shares Remarketing Agreement or any other Related Document, (C)
        actions taken or omitted to be taken by the Liquidity Provider or another Indemnified Person of the Liquidity Provider at the indemnifying party&#8217;s direction or with the indemnifying party&#8217;s consent in conformity with the indemnifying party&#8217;s
        actions or omissions or (ii) are otherwise related to or arise out of this Agreement and the Related Documents, including modifications or future additions to this Agreement and any other Related Documents, any lawsuits by shareholders of the Fund
        and any violation of any applicable law by the Fund and to promptly reimburse the Liquidity Provider or any other Indemnified Person of the Liquidity Provider for all expenses (including reasonable fees and disbursements of outside counsel) as
        incurred by such Indemnified Person in connection with investigating, preparing or defending any such action or claim, whether or not in connection with pending or threatened litigation in which any such Indemnified Person is a party. The
        indemnifying party will not, however, be responsible for any losses, claims, damages, liabilities or expenses of any such Indemnified Person pursuant to clause (ii) of the preceding sentence to the extent the same resulted from the gross
        negligence, bad faith or willful misconduct of such Indemnified Person or to the extent the same resulted from any failure by the Liquidity Provider to perform the Purchase Obligation in accordance with the terms of the VRDP Shares Purchase
        Agreement, which failure has not been the proximate result of, or caused by, a breach by the Fund of its obligations under this Agreement, as determined in a non-appealable final judgment by a court of competent jurisdiction.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">43</font></div>
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      </div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The indemnifying party also agrees that if any indemnification sought by an Indemnified Person pursuant to this Agreement is unavailable or insufficient, for any reason, to hold
        harmless the Indemnified Persons of the other party in respect of any losses, claims, damages or liabilities (or actions in respect thereof), then the indemnifying party, in order to provide for just and equitable contribution, shall contribute to
        the amount paid or payable by such Indemnified Person as a result of such losses, claims, liabilities, damages and expenses (or actions in respect thereof) in such proportion as is appropriate to reflect (i) the relative benefits received by the
        Fund on the one hand and the Liquidity Provider on the other hand from the actual or proposed transactions giving rise to or contemplated by this Agreement or (ii) if the allocation provided by the foregoing clause (i) is not permitted by
        applicable law, not only such relative benefits but also the relative fault of the Fund on the one hand and the Liquidity Provider on the other, in connection with the statements or omissions or alleged statements or omissions that resulted in such
        losses, claims, damages, liabilities or expenses (or actions in respect thereof), as well as any other relevant equitable considerations; provided that in any event the aggregate contribution of the Liquidity Provider and its Indemnified Persons to
        all losses, claims, damages, liabilities and expenses with respect to which contributions are available hereunder will not exceed the amount of fees actually received by the Liquidity Provider from the Fund pursuant to the proposed transactions
        giving rise to this Agreement (unless such losses, claims, damages, liabilities or expenses were caused by the gross negligence, bad faith or willful misconduct of the Liquidity Provider or one or more of its Indemnified Persons. For purposes of
        determining the relative benefits to the Fund on the one hand, and the Liquidity Provider on the other, under the proposed transactions giving rise to or contemplated by this Agreement, such benefits shall be deemed to be in the same proportion as
        (i) the total value received or proposed to be received by the Fund pursuant to the transactions, whether or not consummated, for which the Liquidity Provider is providing services as provided in this Agreement bears to (ii) the fees paid or
        proposed to be paid by the Fund or on the Fund&#8217;s behalf to the Liquidity Provider in connection with the proposed transactions giving rise to or contemplated by this Agreement. No person found liable for a fraudulent misrepresentation shall be
        entitled to contribution from any person who is not also found liable for such fraudulent misrepresentation. The indemnity, reimbursement and contribution obligations under this Agreement shall be in addition to any rights that any Indemnified
        Person may have at common law or otherwise.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">44</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If any action, suit, proceeding or investigation is commenced, as to which an Indemnified Person proposes to demand indemnification, it shall notify the indemnifying party with
        reasonable promptness; provided, however, that any failure by such Indemnified Person to notify the indemnifying party shall not relieve the indemnifying party from its obligations hereunder (except to the extent that the indemnifying party is
        materially prejudiced by such failure to promptly notify). The indemnifying party shall be entitled to assume the defense of any such action, suit, proceeding or investigation, including the employment of counsel reasonably satisfactory to the
        Indemnified Person. The Indemnified Person shall have the right to counsel of its own choice to represent it, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the indemnifying party has failed
        promptly to assume the defense and employ counsel reasonably satisfactory to the Indemnified Person in accordance with the preceding sentence or (ii) the Indemnified Person shall have been advised by counsel that there exist actual or potential
        conflicting interests between the indemnifying party and such Indemnified Person, including situations in which one or more legal defenses may be available to such Indemnified Person that are different from or additional to those available to the
        indemnifying party; provided, however, that the indemnifying party shall not, in connection with any one such action or proceeding or separate but substantially similar actions or proceedings arising out of the same general allegations be liable
        for fees and expenses of more than one separate firm of attorneys at any time for all Indemnified Persons of the other party; and such counsel shall, to the extent consistent with its professional responsibilities, cooperate with the indemnifying
        party and any counsel designated by the indemnifying party.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;">Each party further agrees that it will not, without the prior written consent of the other party, settle or compromise or consent to the entry of any judgment in any pending or threatened claim,
        action, suit or proceeding in respect of which indemnification may be sought hereunder (whether or not any Indemnified Person is an actual or potential party to such claim, action, suit or proceeding) unless such settlement, compromise or consent
        includes an unconditional release of each other Indemnified Person from all liability and obligations arising therefrom. The Fund further agrees that neither the Liquidity Provider, nor any of its affiliates, nor any directors, officers, partners,
        employees, agents, representatives or control persons of the Liquidity Provider or any of its affiliates shall have any liability to the Fund arising out of or in connection with the proposed transactions giving rise to or contemplated by this
        Agreement except for such liability for losses, claims, damages, liabilities or expenses to the extent they have resulted from the Liquidity Provider&#8217;s gross negligence, bad faith or willful misconduct. No party shall be responsible or liable to
        the other party or any other person for consequential, special or punitive damages which may be alleged as a result of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Nothing in this Section is intended to limit any party&#8217;s obligations contained in other parts of this Agreement or the VRDP Shares. Neither the Fund nor the Liquidity Provider will
        refer to the other in any materials used in marketing the VRDP Shares other than the Offering Memorandum without the prior written consent of the other.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805748"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.04</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Amendments and Waivers.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed by the Fund and the Liquidity Provider.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805749"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Successors and Assigns.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Neither party hereto may assign or otherwise
        transfer any of its rights under this Agreement, by operation of law or otherwise, without the prior written consent of the other party. Any assignment without such prior written consent shall be void.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">45</font></div>
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805750"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.06</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Term of this Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Subject to subsections (b) and (c) below, this Agreement shall terminate on the later of (i) the earliest of (x) the Scheduled Termination Date (as such date may be extended in
        accordance with Section 2.02 hereof) and (y) the reduction of the Available Commitment of the Liquidity Provider to zero; and (ii) the date of payment of all sums payable by the Liquidity Provider pursuant to the VRDP Shares Purchase Agreement
        (irrespective of the Liquidity Provider&#8217;s obligations under Section 2.05 of the VRDP Shares Purchase Agreement); and notwithstanding any termination of this Agreement, Section 2.05 (with respect to previously accrued but unpaid fees), Section 6.01
        (p), (q) and (s), Section 6.02, Section 6.05, Section 6.06, Section 6.08, Section 6.14, Section 6.16, Section 6.17, Section 6.18, Section 6.19, Section 6.21, Section 6.22, Section 6.23 and Section 6.24 of Article VI (Covenants of the Fund), Section
        8.03 (Expenses and Indemnification), Section 8.07 (Governing Law) and Section 8.08 (Waiver of Jury Trial) of this Article VIII (Miscellaneous) shall remain in full force and effect; <u>provided</u> that the foregoing sections of Article VI
        (Covenants of the Fund) shall survive termination of this Agreement only until such time that the Liquidity Provider no longer owns any VRDP Shares purchased pursuant to the Purchase Obligation and Section 8.15 shall only remain in full force and
        effect for one (1) year after termination of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding the foregoing, (i) the Fund may terminate this Agreement prior to the Scheduled Termination Date (as such date may be extended in accordance with Section 2.02 hereof)
        in accordance with this Section 8.06(b) as of the Liquidity Provider Ratings Event Termination Date specified by notice in writing to the Liquidity Provider following the occurrence of a Liquidity Provider Ratings Event or (ii) this Agreement shall
        terminate prior to the Scheduled Termination Date (as such date may be extended in accordance with Section 2.02 hereof) as of a Related Party Termination Date upon the occurrence of a Related Party Termination Event; <u>provided</u> that,
        notwithstanding any termination of this Agreement, Section 6.01 (p), (q) and (s), Section 6.02, Section 6.05, Section 6.06, Section 6.08, Section 6.14, Section 6.16, Section 6.17, Section 6.18, Section 6.19, Section 6.21, Section 6.22, Section 6.23
        and Section 6.24 of Article VI (Covenants of the Fund), Section 8.03 (Expenses and Indemnification), Section 8.07 (Governing Law) and Section 8.08 (Waiver of Jury Trial) of this Article VIII (Miscellaneous) shall remain in full force and effect; <u>provided</u>
        that the foregoing sections of Article VI (Covenants of the Fund) shall survive termination of this Agreement only until such time that the Liquidity Provider no longer owns any VRDP Shares purchased pursuant to the Purchase Obligation and Section
        8.15 shall only remain in full force and effect for one (1) year after termination of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; No expiration or termination of this Agreement shall be effective, so long as VRDP Shares are Outstanding, until the completion of a Mandatory Purchase in respect thereof, if then
        required under the Statement of Preferences, including the purchase by the Liquidity Provider of any VRDP Shares required to be purchased by it as a result thereof pursuant to the VRDP Shares Purchase Agreement.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">46</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805751"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.07</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Governing Law.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">This Agreement shall be construed in accordance with and governed by the laws of the State of New York, without regard to conflicts of laws principles that would require the application of the laws
        of another jurisdiction.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">THE PARTIES HERETO HEREBY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE FEDERAL AND NEW YORK STATE COURTS LOCATED IN THE CITY OF NEW YORK AND ANY APPELLATE COURT FROM ANY THEREOF IN CONNECTION
        WITH ANY DISPUTE RELATED TO THIS AGREEMENT OR ANY MATTERS CONTEMPLATED HEREBY.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805752"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.08</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Waiver of Jury Trial.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund and the Liquidity Provider hereby waive trial by jury in any action, proceeding or counterclaim brought by either of the parties hereto against the other on any matters whatsoever arising
        out of or in any way connected with this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805753"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.09</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Counterparts.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805754"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.10</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Beneficiaries.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">This Agreement is not intended and shall not be construed to confer upon any Person other than the parties hereto and their successors and permitted assigns any rights or remedies hereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805755"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.11</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Entire Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">This Agreement shall constitute the entire agreement and understanding between the parties hereto with respect to the matters set forth herein and shall supersede any and all prior agreements and
        understandings relating to the subject matter hereof.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805756"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.12</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Inconsistency Between Documents.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">In the event of any inconsistency between this Agreement and the Statement of Preferences, including with respect to the taking of any action or the consent required for any such action, this
        Agreement shall govern.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805757"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.13</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Regulatory Matters.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Each party hereto acknowledges and agrees that it shall not be a condition precedent to the Purchase Obligation that any seller of VRDP Shares demonstrate or account for any loss.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">47</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805758"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.14</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Nonpetition Covenant.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Notwithstanding any prior termination of this Agreement, Bank of America, N.A., solely in its capacity as Liquidity Provider, hereby covenants and agrees that it shall not, prior to the date which
        is one year and one day after the redemption and the payment in full of the VRDP Shares and all accumulated dividends, petition or otherwise invoke the process of any court or government authority for the purpose of commencing a case against the
        Fund under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Fund or any substantial part of the property of the Fund; <u>provided</u>,
        <u>however</u>, that nothing in this provision shall preclude, or be deemed to stop, the Liquidity Provider from taking any action prior to the expiration of the aforementioned one year and one day period in (x) any case or proceeding voluntarily
        filed or commenced by the Fund, (y) any involuntary insolvency proceeding filed or commenced against the Fund by a Person other than the Liquidity Provider, or (z) with respect to its rights or preferences as a Beneficial Owner or Holder of VRDP
        Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805759"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.15</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Confidentiality.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">All information, whether oral, written, via computer disk or electronic media or otherwise, to which it is given access or is made available to it by the other party (including by such other
        party&#8217;s agents and representatives) in connection with the transactions contemplated by this Agreement or any other Related Document is referred to as &#8220;<font style="font-weight: bold;">Confidential Information</font>&#8221;. Confidential Information
        shall include, without limitation, all technology, processes, trade secrets, contracts, proprietary information, portfolio information, historical and projected financial information, operating data and organizational cost structures, strategic or
        management plans, customer information and customer lists, whether received before or after the date hereof. Confidential Information shall also include information of or relating to any parent, subsidiary or affiliate of a party.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Each party agrees to hold all Confidential Information in confidence, that it will not disclose any Confidential Information to any Person, other than (i) directors, trustees, officers, employees,
        agents or representatives (including those of a legal nature) (collectively, the &#8220;<font style="font-weight: bold;">Representatives</font>&#8221;) or (ii) any affiliates of such party (including the Representatives of any such affiliates), who have a need
        to know such information in connection with the transactions contemplated by this Agreement or any other Related Document (the &#8220;<font style="font-weight: bold;">Transactions</font>&#8221;), and that it will not use any such Confidential Information for
        purposes other than in connection with the Transactions. Notwithstanding the restrictions listed in the preceding sentence, copies of the Related Documents, Remarketing Memorandum or Remarketing Materials may be distributed to prospective investors
        in tender option bond trusts (or similar investment vehicles) into which the VRDP Shares have or may be deposited for the purpose of such investor&#8217;s evaluation of an investment in such tender option bond trust (or similar investment vehicle). For
        the avoidance of doubt, any Ratings Agency rating the VRDP Shares at the request of the Fund shall not be deemed to be a Representative for purposes of this Section 8.15 and will not be subject to the obligations of this Section 8.15. Each party
        agrees to inform its Representatives and affiliates, and cause its affiliates to inform the Representatives of such affiliates, of the confidential and valuable nature of the Confidential Information and of its obligations under this Section 8.15.
        Each party shall be responsible and liable for any breach of this Section 8.15 by its Representatives, affiliates and Representatives of its affiliates. Each party agrees to use reasonable care and implement reasonable controls, but in all events
        at least the same degree of care and controls that it uses to protect its own confidential and proprietary information of similar importance, to prevent the unauthorized use, disclosure or availability of Confidential Information.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">48</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;">It is understood and agreed that no information shall be within the protection of this Section 8.15 where such information: (a) is or becomes publicly available through no fault of either party,
        its Representatives, its affiliates or the Representatives of such affiliates, (b) is authorized to be released by the disclosing party, (c) is rightly obtained from a third party, who, to the receiving party&#8217;s knowledge, is not under obligation of
        confidentiality, (d) is required to be disclosed as a matter of law or legal process or (e) is made available to any regulatory body. Furthermore, the obligations of confidentiality set out in this Section 8.15 shall not extend to Confidential
        Information that is disclosed to Holders or Beneficial Owners or potential Holders or Beneficial Owners, in each case in their capacity as such, in the Remarketing Memorandum or the Remarketing Materials, in notices to Holders or Beneficial Owners
        pursuant to one or more of the Related Documents or pursuant to the Fund&#8217;s or the Liquidity Provider&#8217;s informational obligations under Rule 144A(d)(4) or other reporting obligation of the Securities and Exchange Commission.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">In the event that either party to this Agreement or any of its Representatives become legally compelled (by deposition, interrogatory, request for documents, subpoena, regulatory request or demand,
        civil investigative demand or similar process (&#8220;<font style="font-weight: bold;">Legal Process</font>&#8221;)) to disclose any of the Confidential Information, such party may disclose such Confidential Information to the extent legally required;
        provided, however, that the Liquidity Provider shall, to the extent permitted by law, rule and regulation and reasonably practicable, notify the Fund prior to such disclosure by the Liquidity Provider so that the Fund may seek, at the Fund&#8217;s
        expense, a protective order or other appropriate remedy; provided, further, that the Liquidity Provider will have no liability to the Fund for failure to provide such notice. In the absence of such protective order, other remedy or waiver by the
        Fund, the Liquidity Provider may disclose such Confidential Information to the extent legally required. Notwithstanding anything to the contrary contained herein, either party and its affiliates may disclose Confidential Information, without notice
        to the other party, to any governmental agency, regulatory authority or self- regulatory authority (including, without limitation, bank and securities examiners) having or claiming to have authority to regulate or oversee any aspect of the party&#8217;s
        business or that of its affiliates in connection with the exercise of such authority or claimed authority. Nothing herein shall require a party to fail to honor any Legal Process on a timely basis.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">In the event that this Agreement is terminated, or at any time upon request, each party agrees to return promptly or destroy all copies of the Confidential Information without retaining any copies
        thereof and to destroy all copies of any analyses, compilations, studies or other documents prepared by it or for its use containing or reflecting any Confidential Information. Provided however each party will be permitted to retain all or any
        portion or the Confidential Information to comply with its governing laws, regulations or internal policies. Such Confidential Information shall remain subject to the confidentiality obligations set forth in this Section 8.15.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Liquidity Provider and its affiliates will not be precluded in any manner or in any way from providing, arranging or participating in any financing for, providing advisory or other services to
        third parties in, or acting as a principal in, transactions which may involve the Fund or any other party; provided that, the Liquidity Provider and its affiliates do not disclose any Confidential Information in connection therewith.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">49</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Notwithstanding anything to the contrary contained in this Agreement or any other express or implied agreement to the contrary, each party (and its Representatives and affiliates) may disclose to
        any and all persons, without limitation of any kind, the tax treatment and tax structure of an investment in the VRDP Shares and all materials of any kind that are provided to the party relating to such tax treatment and tax structure (as such
        terms are defined in U.S. Treasury regulation section 1.6011-4).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Inasmuch as any breach of this Section 8.15 may result in immediate and irreparable injury, it is recognized and agreed that each party shall be entitled to equitable relief, including injunctive
        relief and specific performance, in addition to all other remedies available at law. Further, all obligations, rights and remedies hereunder shall survive any return or destruction of the Confidential Information and any termination of this
        Agreement; provided, however, that all obligations, rights and remedies hereunder shall survive the termination of this Agreement and remain in full force and effect for one (1) year after the termination of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">It is further understood and agreed that no failure or delay by either party in exercising any right, power or privilege under this Section 8.15 shall operate as a waiver hereof, nor shall any
        single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege under this Section 8.15.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><a name="z_Toc57805760"></a><font style="font-weight: bold; font-style: italic;">SECTION 8.16</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; font-style: italic;">Applicable Law.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">For purposes of any provision of this Agreement relating to any payment of dividends, purchase or redemption of shares, and payment and distribution to shareholders upon dissolution of the Fund on
        or in respect of the VRDP Shares, including, without limitation, Sections 6.21, 6.22 and 8.03 of this Agreement, applicable law shall include sections 151, 160, 170, 173 and 281 of the Delaware General Corporation Law, including any successor
        provisions, as if the Fund were a Delaware corporation subject to the Delaware General Corporation Law and the VRDP Shares were shares of a Delaware corporation subject to the Delaware General Corporation Law. Accordingly, and without limiting the
        scope of the preceding sentence, any payment of dividends, purchase or redemption of shares, and payment and distribution to shareholders upon dissolution of the Fund on or in respect of the VRDP Shares, including, without limitation, Sections
        6.21, 6.22 and 8.03 of this Agreement, shall be subject to the restrictions and limitations of sections 151, 160, 170, 173 and 281 of the Delaware General Corporation Law, including any successor provisions, as if the Fund were a Delaware
        corporation subject to the Delaware General Corporation Law.</div>
      <div>&#160;</div>
      <div style="text-align: center;">[Signature Page Follows]</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">50</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      </div>
      <div style="text-align: justify; text-indent: 72pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">IN WITNESS WHEREOF, </font><font style="font-size: 10pt;">the parties hereto have caused this Agreement to be duly executed by
          their respective authorized officers as of the day and year first above written.</font></div>
      <div>&#160;</div>
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              <div>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
            </td>
            <td style="vertical-align: top; width: 5%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <tr>
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              <div>By:</div>
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              <div>/s/ Janey Ahn</div>
            </td>
            <td style="vertical-align: top; width: 5%; padding-bottom: 2px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
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              <div>Name:</div>
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              <div>Janey Ahn</div>
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          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <div>Title:</div>
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            <td style="width: 37%; vertical-align: top;">
              <div>Secretary</div>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="3">
              <div>BANK OF AMERICA, N.A.</div>
            </td>
            <td style="vertical-align: top; width: 5%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top;" colspan="3">&#160;</td>
            <td style="vertical-align: top; width: 5%;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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              <div>By:</div>
            </td>
            <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
              <div style="font-size: 12pt;"><font style="font-size: 10pt;">/s/ Michael Jentis</font></div>
            </td>
            <td style="vertical-align: top; width: 5%; padding-bottom: 2px;" colspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div>Name:</div>
            </td>
            <td style="width: 37%; vertical-align: top;">
              <div>Michael Jentis</div>
            </td>
            <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 5%; vertical-align: top;">
              <div>Title:</div>
            </td>
            <td style="width: 37%; vertical-align: top;">
              <div>Managing Director</div>
            </td>
            <td colspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
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      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      <!--PROfilePageNumberReset%Num%1%Schedule %I%-->
      <div style="text-align: center; font-weight: bold;">SCHEDULE I</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">LITIGATION</div>
      <div>&#160;</div>
      <div style="text-align: center;">None</div>
      <div>&#160;
        <div style="text-align: center;">Schedule I</div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%1%Schedule II - %%-->
      <div style="text-align: center; font-weight: bold;">SCHEDULE II</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">TERMS OF THE CURRENT SPECIAL RATE PERIOD</div>
      <div>&#160;</div>
      <div style="text-align: center; text-indent: 0.15pt; font-weight: bold;">ARTICLE I</div>
      <div style="text-align: center; text-indent: 0.15pt; font-weight: bold;">DEFINITIONS</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The following defined terms shall apply to this Agreement only during the Current Special Rate Period:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">Affiliate</font>&#8221; means, for purposes of Section 3.01, 3.02 and 3.04 of this Schedule II, with respect to a Person, (i) any other Person who, directly or
        indirectly, is in control of, or controlled by, or is under common control with, such Person or (ii) any other Person who is a director, trustee, officer, employee or general partner (a) of such Person, (b) of any majority-owned subsidiary or
        parent company of such Person or (c) of any Person described in clause (i) above. For the purposes of this definition, &#8220;control&#8221; of a Person shall mean the power, direct or indirect, (x) to vote more than 25% of the securities having ordinary
        voting power for the election of directors or trustees of such Person or (y) to direct or cause the direction of the management and policies of such Person whether by contract or otherwise. For the avoidance of doubt, the term &#8220;Affiliate&#8221; shall
        include a TOB Trust of which BANA and/or one or more of its Affiliates collectively owns a majority of the residual interests.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">Applicable Law</font>&#8221; means the laws of the State of Delaware (including, without limitation, the Delaware General Corporation Law) and the federal law of the
        United States of America (including, without limitation, the 1940 Act).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">BANA</font>&#8221; means, unless the context indicates otherwise, Bank of America, N.A., in its individual capacity and not in its capacity as Liquidity Provider.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">Excluded Transfer</font>&#8221; means any transfer of VRDP Shares (a) to a TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests,
        (b) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any TOB Trust in which BANA and/or its Affiliates own collectively all of the residual interests, provided that such
        distribution in-kind is pursuant to a mandatory termination of such TOB Trust under the documents governing such TOB Trust and such mandatory termination results from objective events or conditions outside of the control of BANA, its Affiliates and
        any holder of ownership interest in such TOB Trust, (c) in connection with a repurchase financing transaction, (d) relating to a collateral pledge arrangement, (e) to a Person who, after giving effect to such transfer, together with any affiliated
        person (as defined in the 1940 Act) of such Person, will own, hold or control with power to vote, not more than 25% of the Outstanding VRDP Shares or (f) to BANA or an Affiliate of BANA.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">Maximum Rate,</font>&#8221; &#8220;<font style="font-weight: bold;">SRP Applicable Rate</font>&#8221; and &#8220;<font style="font-weight: bold;">SRP Calculation Date</font>&#8221; shall have
        the meaning given to such terms in the Current Notice of Special Rate Period.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Schedule II - 1</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center; font-weight: bold;">ARTICLE II</div>
      <div style="text-align: center; font-weight: bold;">FEES DURING CURRENT SPECIAL RATE PERIOD; CALCULATION OF DIVIDENDS, AND OPTIONAL AND MANDATORY TENDERS</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The fee rate of 0.70% set forth in Section 2.05(a) of this Agreement replaced with a fee rate of 0.01% per annum during the Current Special Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section 2.07 of this Agreement shall not be applicable during the Current Special Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For the avoidance of doubt, during the Current Special Rate Period, the dividend rate on the VRDP Shares shall be calculated in accordance with the Current Notice of Special Rate
        Period attached as Annex A to this Schedule II.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the Current Special Rate Period, Beneficial Owners and Holders shall not have the right to tender their VRDP Shares for Remarketing pursuant to an Optional Tender.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the Current Special Rate Period, there shall be no Mandatory Tender Events or Mandatory Tenders or any consequences or penalties as a result of there being no Mandatory Tender
        Events or Mandatory Tenders.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section 2 of Exhibit D to this Agreement shall be inapplicable during the Current Special Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">ARTICLE III</div>
      <div style="text-align: center; font-weight: bold;">ADDITIONAL PROVISIONS APPLICABLE DURING SPECIAL RATE PERIOD</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Except as otherwise expressly provided herein, each of the provisions of this Article III shall be applicable only during the Current Special Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold; font-style: italic;">SECTION 3.01.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Voting Rights.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;From (and including) the first day of the Current Special Rate Period to (and excluding) the last day thereof, and for so long as BANA together with any of its Affiliates individually
        or in the aggregate own at least 20% of the Outstanding VRDP Shares and the Fund has not failed to pay dividends on the VRDP Shares for two years, BANA, to the extent it owns any VRDP Shares, shall enter into and maintain, and cause such Affiliates
        that own any VRDP Shares to enter into and maintain, in full force and effect a voting trust agreement in substantially the form attached as Annex B to this Schedule II (a &#8220;<font style="font-weight: bold;">Voting Trust Agreement</font>&#8221;) and
        thereby convey into the voting trust governed by the Voting Trust Agreement ) (the &#8220;<font style="font-weight: bold;">Voting Trust</font>&#8221;), the right to vote all of its VRDP Shares owned by it and such Affiliates as of the first day of the Current
        Special Rate Period or acquired any time thereafter and so owned, with respect to:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z19a92eb1d6b1485c85dcd6b13a960c26" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">i.</td>
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              <div>the election of the two members of the Board for which Holders of VRDP Shares are exclusively entitled to vote under Section 18(a)(2)(C) of the 1940 Act and all other rights given to Holders of VRDP Shares with respect to the election of
                the Board of the Fund;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Schedule II - 2</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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            <td style="width: 72pt;"><br>
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            <td style="width: 36pt; vertical-align: top;">ii.</td>
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              <div>the conversion of the Fund from a closed-end management investment company to an open-end fund, or to change the Fund&#8217;s classification from diversified to non-diversified, each pursuant to Section 13(a)(1) of the 1940 Act (any of the
                foregoing, a &#8220;<font style="font-weight: bold;">Conversion</font>&#8221;), together with any additional voting or consent right under the Statement of Preferences that relates solely to any action or amendment to the Statement of Preferences that
                is so closely related to the Conversion that it would be impossible to give effect to the Conversion without implicating such additional voting or consent right; provided that any such additional voting or consent right shall not include
                any voting or consent right related to satisfying any additional term, condition or agreement which the Conversion is conditioned upon or subject to or, for the avoidance of doubt, any voting or consent right relating to any amendment or
                waiver of Section 6, 7 or 10 of the Statement of Preferences or any definitions relevant to any such Section;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z8f2b046fb9be4a30b60a092419630601" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">iii.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the deviation from a policy in respect of concentration of investments in any particular industry or group of industries as recited in the Fund&#8217;s registration statement, pursuant to Section 13(a)(3) of the 1940 Act (a &#8220;<font style="font-weight: bold;">Deviation</font>&#8221;), together with any additional voting or consent right under the Statement of Preferences that relates solely to any action or amendment to the Statement of Preferences that is so closely
                related to the Deviation that it would be impossible to give effect to the Deviation without implicating such additional voting or consent right; provided that any such additional voting or consent right shall not include any voting or
                consent right related to satisfying any additional term, condition or agreement which the Deviation is conditioned upon or subject to or, for the avoidance of doubt, any voting or consent right relating to any amendment or waiver of Section
                6, 7 or 10 of the Statement of Preferences or any definitions relevant to any such Section; and</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z57ab54f012d74cc1bf4df3925e1a4c62" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">iv.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>borrowing money, issuing senior securities, underwriting securities issued by other Persons, purchasing or selling real estate or commodities or making loans to other Persons other than in accordance with the recitals of policy with
                respect thereto in the Fund&#8217;s registration statement, pursuant to Section 13(a)(2) of the 1940 Act (any of the foregoing, a &#8220;<font style="font-weight: bold;">Policy Change</font>&#8221;), together with any additional voting or consent right under
                the Statement of Preferences that relates solely to any action or amendment to the Statement of Preferences that is so closely related to the Policy Change that it would be impossible to give effect to the Policy Change without implicating
                such additional voting or consent right; provided that any such additional voting or consent right shall not include any voting or consent right related to satisfying any additional term, condition or agreement which the Policy Change is
                conditioned upon or subject to or, for the avoidance of doubt, any voting or consent right relating to any amendment or waiver of Section 6, 7 or 10 of the Statement of Preferences, Section 6.24 of this Agreement or any definitions relevant
                to any such section.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Schedule II - 3</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Each voting right set forth in clauses (i) through (iv) above is referred to herein as a &#8220;<font style="font-weight: bold;">Voting Right</font>.&#8221;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At all times that Voting Rights are subject to the Voting Trust Agreement, BANA or its Affiliate or designee will be the registered owner or Beneficial Owner of the VRDP Shares. If any
        dividend or other distribution in respect of the VRDP Shares is paid, such dividend or distribution will be paid directly to BANA or its Affiliate or designee owning such VRDP Shares; provided that any additional VRDP Shares subsequently acquired
        by BANA or its Affiliate will become part of the VRDP Shares covered by the Voting Trust Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Voting Rights of BANA and its Affiliates shall remain subject to the Voting Trust Agreement during the Current Special Rate Period for so long as BANA and its Affiliates
        collectively are the Beneficial Owners in the aggregate of 20% or more of the Outstanding VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At all times that the Voting Rights are subject to the Voting Trust Agreement, BANA, to the extent it is a Beneficial Owner of any VRDP Shares, shall irrevocably appoint and
        constitute, and shall cause each of its Affiliates that are Beneficial Owners of any VRDP Shares (other than a TOB Trust to the extent BANA or an Affiliate (other than such trust) thereof and not such trust exercises the Voting Rights in respect of
        the VRDP Shares held by such trust) to irrevocably appoint and constitute the trustee under the Voting Trust Agreement (the &#8220;<font style="font-weight: bold;">Trustee</font>&#8221;) as its attorney-in-fact and agrees, and agrees to cause each of such
        Affiliates, to grant the Trustee one or more irrevocable proxies with respect to the Voting Rights and further agrees, and agrees to cause each of such Affiliates, to renew any such proxies that may lapse by their terms while the VRDP Shares are
        still subject to the Voting Trust Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding the above provisions of this Section 3.01, upon the transfer of VRDP Shares during the Current Special Rate Period by BANA or any Affiliate thereof to any third party
        (other than a transfer to an Affiliate thereof, in which case such VRDP Shares shall remain subject to the Voting Trust Agreement), such VRDP Shares shall no longer be subject to the Voting Trust Agreement; provided, however, in connection with an
        Excluded Transfer:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z82ed0215b73144ada731b065adac5772" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">i.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>of the type specified in clause (a) of the definition of Excluded Transfer, the VRDP Shares shall remain subject to the Voting Trust Agreement until such time as the Fund, upon the request of BANA or the relevant Affiliate, enters into a
                voting arrangement satisfying Section 12(d)(1)(E)(iii) of the 1940 Act;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z876b40ae64374f55ace0d3d7d82545f9" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">ii.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>of the type specified in clauses (c) or (d) of the definition of Excluded Transfer, to the extent BANA or any of its Affiliates retains the right to vote or direct voting in connection with such transactions, the VRDP Shares shall remain
                subject to the Voting Trust Agreement until such time as there is a default by BANA or such Affiliate under the related repurchase transaction or collateral pledge arrangement; and</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Schedule II - 4</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z07d05ca6ba1f41f3b63d231951d9a4ea" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">iii.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>of the type specified in clauses (c) or (d) of the definition of Excluded Transfer, to the extent BANA or any of its Affiliates does not retain the right to vote or direct voting of such VRDP Shares in such transactions, such
                transactions do not permit the removal of the VRDP Shares&#8217; rights transferred to the Voting Trust from the Voting Trust Agreement within the first 60 days of closing of such transferee becoming the Beneficial Owner of such VRDP Shares
                unless there is a default by BANA or such Affiliate under the related repurchase transaction or collateral pledge arrangement.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Without the prior written consent of the Fund, BANA will not agree or consent, and agrees to cause its Affiliates not to agree or consent, to any amendment, supplement, modification or repeal of
        the Voting Trust Agreement, nor waive any provision thereof, if any such amendment, supplement, modification, repeal or waiver would (i) adversely affect the conveyance into the Voting Trust of all Voting Rights in respect of the VRDP Shares
        beneficially owned by BANA or its Affiliates or the voting of such VRDP Shares in accordance with the Voting Trust Agreement and this Agreement or (ii) terminate, replace or change the Voting Consultant (as defined in the Voting Trust Agreement) or
        the Trustee, in each case in effect at the start of the Current Special Rate Period; provided that, in the case of any proposed amendment, supplement, modification or repeal of the Voting Trust Agreement which is a result of a change in law or
        regulation or in the case of any termination, replacement or change of the Voting Consultant or the Trustee, the consent of the Fund shall not be unreasonably withheld or delayed and the consent of the Fund shall otherwise be in its sole
        discretion.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold; font-style: italic;">SECTION 3.02.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Disposition of VRDP Shares</font>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;BANA shall not, and shall cause its Affiliates not to, sell, transfer or otherwise dispose of any or all of the VRDP Shares owned (legally or beneficially) by it during the Current
        Special Rate Period without the prior consent of the Fund, unless any such sale, transfer or disposition is made in accordance with Section 3.02(b) of this Schedule II and the terms of the Current Notice of Special Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding Section 2.03 of this Agreement or Section 2(n) of the VRDP Shares Remarketing Agreement, subject to paragraph (f) below, during the Current Special Rate Period, BANA
        and its Affiliates may sell any or all of the VRDP Shares owned by it only to Persons that BANA reasonably believes are either (i) QIBs that are registered closed-end management investment companies, the common shares of which are traded on a
        national securities exchange (&#8220;<font style="font-weight: bold;">Closed-End Funds</font>&#8221;), banks or entities that are 100% direct or indirect subsidiaries of such banks&#8217; publicly traded parent holding companies (collectively &#8220;<font style="font-weight: bold;">Banks</font>&#8221;), insurance companies, companies that are included in the S&amp;P 500 Index (and their direct or indirect wholly owned subsidiaries) or registered open-end management investment companies or (ii) TOB
        Trusts (whether tax-exempt or taxable) in which all investors are Persons that BANA reasonably believes are QIBs that are Closed-End Funds, Banks, insurance companies, companies that are included in the S&amp;P 500 Index (and their direct or
        indirect wholly owned subsidiaries) or registered open-end management investment companies (or, in the case of a TOB Trust in which an Affiliate of BANA retains a residual interest, an Affiliate of BANA that is a wholly owned direct or indirect
        subsidiary of Bank of America Corporation), in each case, pursuant to Rule 144A of the Securities Act or another available exemption from registration under the Securities Act, in a manner not involving any public offering within the meaning of
        Section 4(a)(2) of the Securities Act. The foregoing restrictions on transfer shall not apply to any VRDP Shares that may be registered in the future under the Securities Act or any subsequent transfer of such VRDP Shares thereafter.
        Notwithstanding the foregoing, the Fund shall have the right of first refusal in accordance with the Right of First Refusal Procedures on all proposed transfers of Outstanding VRDP Shares from BANA or an Affiliate thereof (other than an Excluded
        Transfer) to an unaffiliated third party which will upon settlement result in such unaffiliated third party holding and having purchased directly or indirectly in a series of related transactions (with the actual knowledge of BANA) from BANA (or
        BANA&#8217;s Affiliates in the aggregate), more than 25% of the Outstanding VRDP Shares; provided, that the foregoing right of first refusal shall apply in connection with the transfer of the residual interests in a TOB Trust or the equity or residual
        interests of any other entity formed by BANA or its Affiliates to hold the VRDP Shares that results in the indirect transfer of more than 25% of the voting rights of the Outstanding VRDP Shares to an unaffiliated third party (other than an Excluded
        Transfer); provided, further, that in the case of a transfer of a residual interest in a TOB Trust, the right of first refusal will apply to the residual interests and not the VRDP Shares. Any transfer in violation of this Section 3.02 shall be
        void <font style="font-style: italic;">ab initio</font>.</div>
      <div style="text-align: justify; text-indent: 36pt;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Schedule II - 5</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In connection with the right of first refusal set forth in Section 3.02(b) of this Schedule II, the following procedures shall apply (the &#8220;<font style="font-weight: bold;">Right of
          First Refusal Procedures</font>&#8221;):</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z92e1f6049fb34ae5816874fdc9332077" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">i.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>BANA shall notify the Fund by Electronic Means of any proposed sale of VRDP Shares which would entitle the Fund to exercise its right of first refusal and such notification shall include the name and contact information of the
                prospective purchaser, the number of VRDP Shares subject to the proposed sale and the proposed sale price;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z23413ee287d04dcc819f6dcea5f4f79f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">ii.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>if the Fund wishes to exercise its right of first refusal, BANA must be notified of such election by the Fund by Electronic Means within three Business Days after delivery of notice from BANA, pursuant to subparagraph (i) above (not
                counting the day of delivery), and the price to be paid by the Fund with respect to such transfer will be the lesser of the (x) Liquidation Preference plus accrued and unpaid dividends and (y) the proposed sale price to the unaffiliated
                third party, <u>provided</u>, <u>however</u>, the price to be paid by the Fund with respect to any sale of the residual interests in a TOB Trust or any sale of VRDP Shares by any TOB Trust to anyone other than BANA or its Affiliates shall
                be at the proposed sale price;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z295e506a0b2640e4aae39dc06eb110ce" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">iii.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>the exercise of the right of first refusal by the Fund pursuant to subparagraph (ii) above shall be deemed to be the trade date for the purchase of the VRDP Shares by the Fund from BANA or its Affiliate, as the case may be, and the sale
                shall settle within 30 days after such trade date or, if the 30<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day after such trade date is not a Business Day, then the next Business Day after such 30<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z1e36c7e9e46a488b8485a4aa6d128d1d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">iv.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>if BANA does not receive an affirmative response from the Fund pursuant to subparagraph (ii) above within the required time frame, such right of first refusal shall be deemed rejected by the Fund;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Schedule II - 6</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <table cellspacing="0" cellpadding="0" id="z1f2afc7158cc4d729948c7acefd2b37b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">v.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>any VRDP Shares purchased by the Fund pursuant to its exercise of the right of first refusal in subparagraph (ii) above shall not be subject to the limitations of Section 6.15 of this Agreement, provided such VRDP Shares shall be
                cancelled by the Fund within one Business Day after settlement of such purchase to the extent the Fund, together with the Investment Adviser and accounts or entities over which the Fund or the Investment Adviser exercises discretionary
                authority, owns or controls in the aggregate more than 25% of the Outstanding VRDP Shares; and</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z2288569f86dc4aa3a015d42dbb37d4df" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">vi.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>all purchases of VRDP Shares pursuant to the Fund&#8217;s right of first refusal shall be made only out of legally available funds for the redemption of shares of the Fund under Applicable Law and the Statement of Preferences and otherwise in
                accordance with Applicable Law and the Statement of Preferences.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Anything herein to the contrary notwithstanding, except with respect to the deemed holding and ownership provided for above in respect of the Applicable Sections, any TOB Trust to
        which VRDP Shares are transferred during the Current Special Rate Period and each of the beneficial owners thereof shall, subject to the provisions of the agreements governing the TOB Trust, retain all of its other rights in respect of the VRDP
        Shares under the Statement of Preferences or Applicable Law, including, for the avoidance of doubt, its rights in respect of matters addressed by any of the Applicable Sections to the extent necessary for the protection or exercise of such other
        rights retained pursuant to this Section 3.02(d) or that are otherwise applicable as a result of the exercise of such other rights.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding the foregoing, in connection with the extension of, or the failure to extend, the Initial Extended Termination Date in accordance with the terms of the VRDP Shares
        Purchase Agreement, any VRDP Shares beneficially owned by BANA or any of its Affiliates will be deemed automatically tendered for Remarketing and, if not successfully remarketed, will be deemed owned by the Liquidity Provider and subject to
        redemption, on the terms set forth in the Current Notice of Special Rate Period and in the Related Documents.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold; font-style: italic;">SECTION 3.03.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Rating Agencies.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding Section 6.05 of this Agreement, during the Current Special Rate Period, the Fund will use its best efforts to maintain a long-term preferred share rating of the VRDP
        Shares by at least one Rating Agency, provided that the Fund shall not be required to maintain such rating at any specific ratings category level.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the Current Special Rate Period, there shall be no other consequences, penalties or notices with respect to the withdrawal of the VRDP Shares&#8217; short-term preferred shares
        ratings by a Rating Agency.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding Section 5(d) of the Statement of Preferences, the Board of the Fund, without the approval of the Liquidity Provider or BANA, may terminate the services of any Rating
        Agency then providing a rating for the VRDP Shares and replace it with another NRSRO, provided that the Fund provides seven (7) days&#8217; notice by Electronic Means to the Liquidity Provider or BANA prior to terminating the services of a Rating Agency
        and replacing it with another NRSRO that, at the time of such replacement has (i) published a rating for the VRDP Shares and (ii) entered into an agreement with the Fund to continue to publish such rating subject to such NRSRO&#8217;s customary
        conditions.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Schedule II - 7</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(i) The Board of the Fund, without the approval of the Liquidity Provider or BANA, may terminate the services of any Rating Agency then providing a rating for the VRDP Shares without
        replacement, provided that (A) the Fund has given the Tender and Paying Agent, and such terminated Rating Agency, the Liquidity Provider and BANA at least 45 calendar days&#8217; advance written notice of such termination of services, (B) the Fund is in
        compliance with the Rating Agency Provisions of such terminated Rating Agency at the time the notice required in the preceding clause (A) is given and at the time of the termination of such Rating Agency&#8217;s services, and (C) the VRDP Shares continue
        to be rated by at least two Rating Agencies at and after the time of the termination of such Rating Agency&#8217;s services.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;">(ii) On the date that the notice is given as described in clause (A) of the preceding Section 3.03(c)(i) and on the date that the services of the applicable Rating Agency are terminated, the Fund
        shall provide the Tender and Paying Agent and such terminated Rating Agency with an officers&#8217; certificate as to the compliance with the provisions of the preceding Section 3.03(c)(i).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the event that during the Current Special Rate Period a Rating Agency ceases to furnish a preferred share rating or the Fund terminates a Rating Agency in accordance with Section
        3.03(b) or Section 3.03(c) of this Schedule II, the Fund shall no longer be required to comply with the applicable Rating Agency Provisions of the Rating Agency so ceasing to furnish a preferred share rating or so terminated and, as applicable, the
        Fund shall be required to thereafter comply only with the Rating Agency Provisions of each Rating Agency then providing a rating for the VRDP Shares at the request of the Fund, and any credit rating of such terminated Rating Agency, to the extent
        it would have been taken into account in any of the provisions for such VRDP Shares during the Current Special Rate Period, shall be disregarded, and only the credit ratings of the Rating Agencies then providing a rating for the VRDP Shares shall
        be taken into account for purposes of the VRDP Shares, provided that, for purposes of determining the SRP Applicable Rate applicable to a SRP Calculation Period, any designation of a Rating Agency after the SRP Calculation Date for such SRP
        Calculation Period will take effect on or as of the next succeeding SRP Calculation Date.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold; font-style: italic;">SECTION 3.04.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">Information Reporting.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund agrees that, during the Current Special Rate Period and so long as BANA or any Affiliate thereof is the beneficial owner of any Outstanding VRDP Shares, it will deliver, or
        direct the Tender and Paying Agent to deliver, to BANA and any such Affiliate:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z387f10b2f44442bc839d773e8919821a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">i.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>on the fifteenth (15th) day of each calendar month (each a &#8220;<font style="font-weight: bold;">Portfolio Reporting Date</font>&#8221;), the information set forth in Annex C to this Schedule II as of the end of the last Business Day of the
                calendar month immediately preceding the Portfolio Reporting Date;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Schedule II - 8</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z13f20df5ef7f44bda8cb51d781663262" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">ii.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>on each Monday, provided that if a Monday is not a Business Day, then the next succeeding Business Day, the information set forth in Annex D to this Schedule II and a calculation of the Effective Leverage Ratio and the Minimum VRDP
                Shares Asset Coverage of the Fund, in each case, as of the close of business on the immediately preceding Business Day; and</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z3d6d2546c74246bd96cedf68faedd75d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">iii.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>upon the failure of the Fund to maintain the Minimum VRDP Shares Asset Coverage as required by Section 6 of Part I of the Statement of Preferences or the Effective Leverage Ratio as required by Section 6.18 of this Agreement, notice of
                such failure within one (1) Business Day of the occurrence thereof.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold; font-style: italic;">SECTION 3.05.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold;">The Current Notice of Special Rate Period and Ambiguities</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the Current Special Rate Period, the terms and provisions of the Notice of Current Special Rate Period shall be deemed a part of the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the event of any conflict between the terms of the Current Notice of Special Rate Period and the terms of this Schedule II or the Related Documents (as amended by any amendments
        thereto), the terms of the Current Notice of Special Rate Period shall govern.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">Schedule II - 9</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: right; font-weight: bold;">ANNEX A TO SCHEDULE II</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">CURRENT NOTICE OF SPECIAL RATE PERIOD</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">[Attached]</div>
      <div>&#160;
        <div style="text-align: center;">Annex A to Schedule II</div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%1%%%-->
      <div style="text-align: center; font-weight: bold;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
      <div style="text-align: center; font-weight: bold;">(THE &#8220;FUND&#8221;)</div>
      <div style="text-align: center; font-weight: bold;">SERIES W-7</div>
      <div style="text-align: center; font-weight: bold;">VARIABLE RATE DEMAND PREFERRED SHARES</div>
      <div style="text-align: center; font-weight: bold;">(&#8220;VRDP SHARES&#8221;)</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">CUSIP NO. 09248L502*</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Notice of Special Rate Period</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z661548a50788403da1e79b996b3e2473" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;">March 31, 2021</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);">BlackRock New York Municipal Income Trust</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);">100 Bellevue Parkway</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);">Wilmington, Delaware 19809</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">To: </font><font style="font-size: 10pt;">Addressees listed on Schedule 1 hereto</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">In accordance with the Fund&#8217;s Statement of Preferences of Variable Rate Demand Preferred Shares, dated March 31, 2021 (the <font style="font-weight: bold;">&#8220;Statement of Preferences&#8221;</font>), the
        Fund hereby notifies the Liquidity Provider, the Remarketing Agent and the Holders of the VRDP Shares that the Fund hereby exercises its option to designate the current Rate Period of the Series W-7 VRDP Shares as a Special Rate Period. The first
        day of the Special Rate Period shall be March 31, 2021 and the last day of the Special Rate Period shall be April 15, 2022.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Special Rate Period shall not commence if (1) any VRDP Shares are owned by the Liquidity Provider pursuant to the Purchase Obligation on either the Rate Determination Date immediately preceding
        the Special Rate Period or on the first day of the Special Rate Period or (2) full cumulative dividends or any amounts due with respect to redemptions payable prior to such Rate Determination Date have not been paid in full.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Certain capitalized terms used in this Notice of Special Rate Period are defined in Appendix A hereto. Capitalized terms used but not defined in this Notice of Special Rate Period, including in
        Appendix A hereto, shall have the meanings given to such terms in the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold;">Calculation of Dividends During Special Rate Period</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">During the Special Rate Period, for each SRP Calculation Period for the VRDP Shares, the dividend rate on the VRDP Shares (the &#8220;<font style="font-weight: bold;">SRP Applicable Rate</font>&#8221;) shall
        be calculated by the <font style="color: rgb(0, 0, 0);">Tender and Paying Agent and shall be equal to the rate </font><font style="font-style: italic; color: rgb(0, 0, 0);">per annum </font><font style="color: rgb(0, 0, 0);">that results from
          the sum of the (1) Base Rate and (2) Ratings Spread (the &#8220;</font><font style="font-weight: bold; color: rgb(0, 0, 0);">SRP Applicable Rate Determination</font><font style="color: rgb(0, 0, 0);">&#8221;). During the Special Rate</font></div>
      <div>&#160;</div>
      <br>
      <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 2px; width: 20%; color: #000000;">
      <div>*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible for the selection or use of the CUSIP Numbers selected, nor is any representation made as to its correctness indicated in any notice or as printed on any VRDP
        Share certificate. It is included solely as a convenience to Holders of VRDP Shares.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">1</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Period, references in the Statement of Preferences and the other Related Documents to the &#8220;Applicable Rate Determination,&#8221; the &#8220;Applicable Rate,&#8221; a &#8220;Subsequent Rate Period&#8221; or a &#8220;Rate
        Determination Date,&#8221; in each case with respect to the VRDP Shares, shall be deemed to be references to the SRP Applicable Rate Determination, the SRP Applicable Rate, an SRP Calculation Period or an SRP Calculation Date, respectively. The SRP
        Applicable Rate for any SRP Calculation Period (or part thereof) shall in no event be greater than the Maximum Rate.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The amount of dividends payable on each VRDP Share on any Dividend Payment Date during the Special Rate Period shall be calculated by the Tender and Paying Agent and shall equal the sum of the
        dividends accumulated but not yet paid for each SRP Calculation Period (or part thereof) and, if applicable, any other Rate Period (or part thereof) occurring during the related Dividend Period. For the avoidance of doubt, the amount of dividends
        payable on each VRDP Share on any Dividend Payment Date during the Special Rate Period shall include any Late Charge applicable under Section 2(e)(i)(C) of the Part I of the Statement of Preferences. The amount of dividends accumulated for each
        such SRP Calculation Period (or part thereof) shall be computed by multiplying the SRP Applicable Rate for the VRDP Shares for such SRP Calculation Period (or part thereof) by a fraction, the numerator of which shall be the number of days in such
        SRP Calculation Period (or part thereof) and the denominator of which shall be the actual number of days in the year (365 or 366), and multiplying such product by $100,000.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">During the Special Rate Period, the scheduled Dividend Payment Dates for the VRDP Shares shall continue to be the first Business Day of each calendar month; <u>provided</u>, <u>however</u>, that
        the Dividend Payment Date with respect to dividends accumulated on each VRDP Share on March 31, 2021 shall be the first (1st) Business Day of May 2021.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">For the avoidance of doubt, Section 3 of Part II of the Statement of Preferences shall not be applicable during the Special Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;">Optional Tender and Transfers of VRDP Shares</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">During the Special Rate Period, Beneficial Owners and Holders shall not have the right to tender their VRDP Shares for Remarketing pursuant to an Optional Tender.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund agrees, however, that during the Special Rate Period, a Beneficial Owner or Holder of VRDP Shares may sell, transfer or otherwise dispose of VRDP Shares in whole shares only to (i) Persons
        that such Beneficial Owner or Holder reasonably believes are QIBs that are either registered closed-end management investment companies, the common shares of which are traded on a national securities exchange (<font style="font-weight: bold;">&#8220;Closed-End



          Funds&#8221;</font>), banks or entities that are 100% direct or indirect subsidiaries of banks&#8217; publicly traded parent holding companies (collectively, &#8220;<font style="font-weight: bold;">Banks</font>&#8221;), insurance companies, companies that are included
        in the S&amp;P 500 Index (and their direct or indirect wholly owned subsidiaries) or registered open-end management investment companies, (ii) TOB Trust (whether tax-exempt or taxable) in which all investors are Persons that such Beneficial Owner
        or Holder reasonably believes are QIBs that are Closed-End Funds, Banks, insurance companies, companies that are included in the S&amp;P 500 Index (and their direct or indirect wholly owned subsidiaries) or registered open-end management investment
        companies (or, in the case of a TOB Trust in which an affiliate of such Beneficial Owner or Holder retains a residual interest, such affiliate of such Beneficial Owner or Holder, but only to the extent expressly provided for in an agreement between
        the Fund and such Beneficial Owner or Holder) or (iii) such other Persons approved in writing by the Fund, in each case, pursuant to Rule 144A of the Securities Act or another available exemption from registration under the Securities Act, in a
        manner not involving any public offering within the meaning of Section 4(a)(2) of the Securities Act. Any transfer in violation of the foregoing restrictions shall be void <font style="font-style: italic;">ab initio </font>and any transferee of
        VRDP Shares transferred in violation of the foregoing restrictions shall be deemed to agree to hold all payments it received on any such improperly transferred VRDP Shares in trust for the benefit of the transferor of such VRDP Shares.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">In the event that a Beneficial Owner transfers VRDP Shares to a TOB Trust in which such Beneficial Owner or an affiliate of such Beneficial Owner that is a wholly owned direct or indirect
        subsidiary of such Beneficial Owner retains a residual interest, for so long as no event has occurred that results in the termination of such TOB Trust, for purposes of each section of the Statement of Preferences that requires, permits or provides
        for (i) notice or the delivery of information to the Beneficial Owner of VRDP Shares or (ii) voting of the VRDP Shares by or the giving of any consent by the Beneficial Owner of VRDP Shares (collectively, the <font style="font-weight: bold;">&#8220;Applicable


          Sections&#8221;</font>), then such Beneficial Owner, and not such TOB Trust, shall be deemed to be the actual holder and Beneficial Owner of such VRDP Shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Anything herein to the contrary notwithstanding, except with respect to the deemed holding and ownership provisions set forth above in respect of the Applicable Sections, any TOB Trust to which the
        VRDP Shares are transferred and each of the beneficial owners thereof shall, subject to the provisions of the agreements governing the TOB Trust, retain all of its other rights in respect of the VRDP Shares under the Statement of Preferences or
        applicable law, including, for the avoidance of doubt, the rights of such TOB Trust in respect of matters addressed by any of the Applicable Sections to the extent necessary for the protection or exercise of such other rights or that are otherwise
        applicable as a result of the exercise of such other rights.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;">Notice of Taxable Allocations and Gross-Up Payments</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Section 3 of Part I and Section 6 of Part II of the Statement of Preferences shall have no effect during the Special Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">During the Special Rate Period, Holders of VRDP Shares shall be entitled to receive, when, as and if declared by the Board of Trustees, out of funds legally available therefor under applicable law
        and otherwise in accordance with applicable law, dividends in an amount equal to the aggregate Gross-up Payments as follows:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Whenever the Fund intends or expects to include any net capital gains or ordinary income taxable for regular federal income tax purposes in any dividend on VRDP Shares, the Fund shall
        notify the Tender and Paying Agent of the amount to be so included (i) not later than 14 calendar days preceding the first SRP Calculation Date on which the SRP Applicable Rate for such dividend is to be established, and (ii) for any successive SRP
        Calculation Date on which the SRP Applicable Rate for such dividend is to be established, not later than the close of business on the immediately preceding SRP Calculation Date. Whenever such advance notice is received from the Fund, the Tender and
        Paying Agent will notify each Holder and each Beneficial Owner or its Agent Member identified to the Tender and Paying Agent. With respect to an SRP Calculation Period for which such notice was given and whose dividends are comprised partly of such
        ordinary income or capital gains and partly of exempt-interest income, the different types of income will be paid in the same relative proportions for each day during the SRP Calculation Period.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(i) If the Fund allocates, under Subchapter M of Chapter 1 of the Code, any net capital gains or ordinary income taxable for regular federal income tax purposes to a dividend paid on
        VRDP Shares, the Fund shall to the extent practical simultaneously <font style="color: rgb(0, 0, 0);">increase such dividend payment by an additional amount equal to the Gross-up Payment and direct the Tender and Paying Agent to send notice with
          such dividend describing the Gross-up Payment and </font>(ii)<font style="color: rgb(0, 0, 0);"> if the Fund allocates, under Subchapter M of Chapter 1 of the Code, any net capital gains or ordinary income taxable for regular federal income tax
          purposes to a dividend paid on VRDP Shares without simultaneously increasing such dividend as described in clause (i) above the Fund shall, prior to the end of the calendar year in which such dividend was paid, direct the Tender and Paying Agent
          to send notice with a Gross-up Payment to the Holder that was entitled to such dividend payment during such calendar year at such Holder&#8217;s address as the same appears or last appeared on the record books of the Fund. The Fund shall compute the
          Gross-up Payment.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);">The Fund shall not be required to make Gross-up Payments with respect to any </font>net capital gains or
        ordinary income determined by the Internal Revenue Service to be allocable in a manner different from the manner used by the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;">Additional Provisions Relating to the Termination of Special Rate Period</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">If the Scheduled Termination Date for the VRDP Shares is further extended to a succeeding Scheduled Termination Date in accordance with the terms of the VRDP Shares Purchase Agreement, then, unless
        the Special Rate Period has been extended in accordance with the procedures set forth below, the VRDP Shares beneficially owned by any Beneficial Owner will be deemed automatically tendered for Remarketing on the seventh day prior to the last day
        of the Special Rate Period (the &#8220;<font style="font-weight: bold;">Automatic Tender Date</font>&#8221;) with a Purchase Date occurring on the first day of the Subsequent Rate Period immediately succeeding the Special Rate Period. Notice of the extension
        of the Scheduled Termination Date for the VRDP Shares and the automatic tender of such VRDP Shares for Remarketing shall be provided by or on behalf of the Fund to the Holders of such VRDP Shares as soon as reasonably practicable upon the extension
        of the Scheduled Termination Date, but in no event later than one Business Day before the Automatic Tender Date. Notwithstanding the foregoing provisions of this Notice of Special Rate Period, if any VRDP Shares beneficially owned by BANA for
        federal income tax purposes on such Purchase Date are not successfully remarketed for purchase on such Purchase Date, a Failed Remarketing Condition-Purchased VRDP Shares will be deemed to exist in respect of such VRDP Shares for all purposes of
        the Statement of Preferences (including Section 10(b) thereof and the definition of Maximum Rate) and the other Related Documents and, as of such Purchase Date, such VRDP Shares will be deemed beneficially owned by the Liquidity Provider.
        Accordingly, all such VRDP Shares deemed beneficially owned by the Liquidity Provider will thereafter be deemed tendered for Remarketing on each Business Day in accordance with the Related Documents, and the continued beneficial ownership of such
        VRDP Shares by the Liquidity Provider will result in a Failed Remarketing Condition-Purchased VRDP Shares Redemption in accordance with, and subject to, the terms of such definition and the Related Documents. For the avoidance of doubt, if any VRDP
        Shares beneficially owned by a Beneficial Owner other than BANA are not successfully remarketed on the Purchase Date relating to the Automatic Tender Date and are purchased by the Liquidity Provider pursuant to the Purchase Obligation, such VRDP
        Shares shall constitute Failed Remarketing Condition-Purchased VRDP Shares, such VRDP Shares will thereafter be deemed tendered for Remarketing on each Business Day in accordance with the Related Documents, and <font style="color: rgb(0, 0, 0);">the

          continued beneficial ownership of such VRDP Shares by the Liquidity Provider will result in a Failed Remarketing Condition-Purchased VRDP Shares Redemption in accordance with, and subject to, the terms of such definition and the Related
          Documents.</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund shall have the right, exercisable not more than 120 days nor less than 90 days prior to the last day of the Special Rate Period, to request that each Holder of the VRDP Shares (x) extend
        the term of the Special Rate Period for the VRDP Shares for an additional 364-day period, which request may be conditioned upon terms and conditions that are different from the terms and conditions herein, including, without limitation, the further
        extension of the Scheduled Termination Date and (y) notify the Fund and the Tender and Paying Agent of such Holder&#8217;s acceptance or rejection of such request within 30 days after receiving such request. If any Holder of the VRDP Shares fails to
        notify the Fund and the Tender and Paying Agent of its acceptance or rejection of the Fund&#8217;s request for extension within 30 days after receiving such request, such failure to respond shall constitute a rejection of such request. Any acceptance by
        a Holder within such 30-day period may be conditioned upon terms and conditions, including, without limitation, the further extension of the Scheduled Termination Date, that are different from the terms and conditions herein or the terms proposed
        by the Fund in making an extension request (a &#8220;<font style="font-weight: bold;">Conditional Acceptance</font>&#8221;). If any Holder provides a Conditional Acceptance, then the Fund shall have 30 days thereafter to notify the Total Holders and the Tender
        and Paying Agent of the Fund&#8217;s acceptance or rejection of the terms and conditions specified in any such Conditional Acceptance. The Fund&#8217;s failure to notify the Total Holders and the Tender and Paying Agent within such 30-day period will be deemed
        a rejection of the terms and conditions specified in a Conditional Acceptance. Each Holder of the VRDP Shares may grant or deny any request for extension of the Special Rate Period for the VRDP Shares in their sole and absolute discretion and any
        request for such extension will be effective only if granted by the Total Holders.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">If the Scheduled Termination Date is not further extended to a succeeding Scheduled Termination Date in accordance with the terms of the VRDP Shares Purchase Agreement or if the VRDP Shares
        Purchase Agreement is otherwise terminated on or prior to the Scheduled Termination Date for any reason, then the VRDP Shares beneficially owned by any Beneficial Owner will be deemed automatically tendered for Remarketing on the seventh day prior
        to the Scheduled Termination Date (whether or not the VRDP Shares Purchase Agreement has terminated on or prior to such date) with a Purchase Date occurring on such Scheduled Termination Date. Notice of the automatic tender of such VRDP Shares for
        Remarketing shall be provided by or on behalf of the Fund to the Holders of such VRDP Shares as soon as reasonably practicable prior to, but in no event later than one Business Day before, the Automatic Tender Date. Notwithstanding the foregoing
        provisions of this Notice of Special Rate Period, if any VRDP Shares beneficially owned by BANA for federal income tax purposes on such Purchase Date are not successfully remarketed for purchase on such Purchase Date, a Failed Remarketing
        Condition-Purchased VRDP Shares will be deemed to exist in respect of such VRDP Shares for all purposes of the Statement of Preferences (including Section 10(b) thereof and the definition of Maximum Rate) and the other Related Documents and, as of
        such Purchase Date, such VRDP Shares will be deemed beneficially owned by the Liquidity Provider, unless the Fund has entered into an Alternate VRDP Shares Purchase Agreement and all VRDP Shares beneficially owned by BANA are subject to purchase <font style="color: rgb(0, 0, 0);">by the replacement Liquidity Provider pursuant to the Purchase Obligation of such Liquidity Provider under such Alternate VRDP Shares Purchase Agreement on and as of such Purchase Date. Accordingly, if a Failed
          Remarketing Condition-Purchased VRDP Shares is so deemed to exist in respect of any VRDP Shares deemed beneficially owned by the Liquidity Provider on such Purchase Date, such VRDP Shares will thereafter be deemed tendered for Remarketing on each
          Business Day in accordance with the Related Documents and the continued beneficial ownership of such VRDP Shares by the Liquidity Provider will result in a Failed Remarketing Condition-Purchased VRDP Shares Redemption in accordance with, and
          subject to, the terms of such definition and the Related Documents. For the avoidance of doubt, if any VRDP Shares beneficially owned by a Beneficial Owner other than BANA are not successfully remarketed on the Purchase Date relating to the
          automatic tender described above and are purchased by the Liquidity Provider pursuant to the Purchase Obligation, such VRDP Shares shall constitute Failed Remarketing Condition-Purchased VRDP Shares, such VRDP Shares will thereafter be deemed
          tendered for Remarketing on each Business Day in accordance with the Related Documents, and the continued beneficial ownership of such VRDP Shares by the Liquidity Provider will result in a Failed Remarketing Condition-Purchased VRDP Shares
          Redemption in accordance with, and subject to, the terms of such definition and the Related Documents.</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; font-weight: bold;">Other Additional Provisions Applicable During Special Rate Period</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">During the Special Rate Period, there shall be no Mandatory Tender Events or Mandatory Tenders or any consequences or penalties as a result of there being no Mandatory Tender Events or Mandatory
        Tenders.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">During the Special Rate Period, the first sentence of the first paragraph of Section 12 of the Statement of Preferences shall be inapplicable.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">During the Special Rate Period, Section 4(f) of Part I of the Statement of Preferences shall be inapplicable. Section 4(f) of Part I of the Statement of Preferences states the following:
        &#8220;Notwithstanding the foregoing, no Special Rate Period shall end later than the fifteenth (15th) day prior to the Scheduled Termination Date at which point the Rate Periods shall revert to Minimum Rate Periods.&#8221;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">During the Special Rate Period, the Fund is not required to obtain or maintain any short-term preferred share rating of the VRDP Shares and there shall be no other consequences, penalties or
        notices with respect to the withdrawal of the VRDP Shares&#8217; short-term preferred shares ratings by a Rating Agency.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">Notwithstanding the Fund&#8217;s option to designate any succeeding Subsequent Rate Period of a Series of VRDP Shares as a Special Rate Period under Section 4 of Part I of the Statement of Preferences,
        during the Special Rate Period (unless extended in accordance with the terms specified above in &#8220;Additional Provisions Relating to the Termination of Special Rate Period&#8221;), the Fund shall not, without (i) the prior written consent of the Liquidity
        Provider and the Remarketing Agent and (ii) the affirmative vote or consent of the Holders of a majority of the VRDP Shares of such Series Outstanding at the time, in person or by proxy, either in writing or at a meeting, voting as a separate
        class, designate another Special Rate Period for such Series, amend, alter or repeal the term of the Special Rate Period or any other provision of this <font style="color: rgb(0, 0, 0);">Notice of Special Rate Period so as to adversely affect any
          preference, right or power of the VRDP Shares of such Series or the Holders thereof set forth herein; </font><font style="color: rgb(0, 0, 0);"><u>provided</u></font><font style="color: rgb(0, 0, 0);">, that any amendment, alteration or repeal
          of such other provision of this Notice of Special Rate Period that adversely affects the amount, timing, priority or taxability of any dividend, redemption or other payment or distribution due to the Holders of the VRDP Shares of such Series
          shall require the affirmative vote or consent of the Total Holders of such Series, in person or by proxy, either in writing or at a meeting, voting as a separate class.</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">During the Special Rate Period, any amendment to the provisions of the Statement of Preferences during the Special Rate Period in connection with the issuance of additional shares of the same
        series of VRDP Shares shall be deemed to adversely affect the preference, right or power of such VRDP Shares or the Holders thereof for purposes of Section 5(c)(i) of Part I of the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">In the event of any conflict between the terms of this Notice of Special Rate Period and the terms of the Statement of Preferences, the terms of this Notice of Special Rate Period shall govern.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The Fund is authorized to amend, or consent to any amendment to, any Related Document in accordance with the terms therein for purposes of conforming the terms and provisions therein to the terms
        and provisions specified in this Notice of Special Rate Period.</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0);">[Signature Page Follows]</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">IN WITNESS WHEREOF, I have signed this Notice of Special Rate Period as of the date first written above.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z310d6c0b759144c08d3496b8d25524d8" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="vertical-align: top; width: 50%;">
              <div>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z4894e457f71142d8948f3fa4b1dc2b8b">

          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
              <div>By:</div>
            </td>
            <td style="width: 42%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td colspan="1" style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          </tr>

      </table>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" id="zcae07ae809914ee992b6e6640b42b57c" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">
                <div>Name:</div>
              </td>
              <td style="width: 45%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">
                <div>Title:</div>
              </td>
              <td style="width: 45%; vertical-align: top;">&#160;</td>
            </tr>

        </table>
        <div> <br>
        </div>
        <div>
          <div style="text-align: center; font-style: italic;">[Signature Page to BNY Notice of Special Rate Period]</div>
        </div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%1%A-% %-->
      <div style="text-align: right; font-weight: bold;"><u>Appendix A</u></div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Definitions</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">The following terms shall have the following meanings:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">BANA</font>&#8221; means, unless the context indicates otherwise, Bank of America, N.A., in its individual capacity and not in its capacity as Liquidity Provider.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">Base Rate</font>&#8221; means, with respect to an SRP Calculation Period, the SIFMA Municipal Swap Index on the SRP Calculation Date for such SRP Calculation Period.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">Maximum Rate</font>&#8221; means 15% per annum, exclusive of any applicable Gross-up Payment or increased dividend payment relating to the inclusion in any dividend of
        net capital gains or ordinary income taxable for regular federal income tax purposes, in each case due and payable in accordance with the Statement of Preferences.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">Ratings Spread</font>&#8221; means, with respect to an SRP Calculation Period, the percentage per annum set forth below opposite the highest applicable credit rating
        assigned to the VRDP Shares, unless the lowest applicable rating is below A3/A-, in which case the Ratings Spread shall mean the percentage per annum set forth below opposite the lowest applicable credit rating assigned to the VRDP Shares by
        Moody&#8217;s, Fitch or any Other Rating Agency, in each case rating the VRDP Shares at the request of the Fund, on the SRP Calculation Date for such SRP Calculation Period:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z9dbd58c1a2564002a45fffca587e8ebe" style="border-collapse: collapse; width: 40%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

          <tr>
            <td colspan="1" style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 24%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">&#160;<font style="font-weight: bold;">Moody&#8217;s/Fitch</font></div>
            </td>
            <td style="width: 15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-weight: bold;">Percentage</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 24%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Aa2/AA to Aaa/AAA</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">0.85%</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 24%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Aa3/AA-</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">0.94%</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 24%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>A3/A- to A1/A+</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">2.00%</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 24%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Baa3/BBB- to Baa1/BBB+</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">3.00%</div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 24%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div>Non-investment grade or Unrated</div>
            </td>
            <td style="width: 15%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
              <div style="text-align: center;">4.00%</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">&#8220;SRP Calculation Date&#8221; </font><font style="font-size: 10pt;">means (i) with respect to the SRP Initial Calculation Period, March
          30, 2021 and (ii) with respect to any SRP Subsequent Calculation Period, the last day of the immediately preceding SRP Calculation Period, <u>provided</u> that the next succeeding SRP Calculation Date will be determined without regard to any
          prior extension of a SRP Calculation Date to a Business Day.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">&#8220;SRP Calculation Period&#8221; </font><font style="font-size: 10pt;">means the SRP Initial Calculation Period and any SRP Subsequent
          Calculation Period.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold;">SRP Initial Calculation Period</font>&#8221; means, with respect to the VRDP Shares, the period commencing on, and including, March 31, 2021 and ending on, and
        including, the next succeeding Wednesday, or, if such day is not a Business Day, the next succeeding Business Day.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">&#8220;SRP Subsequent Calculation Period&#8221; </font><font style="font-size: 10pt;">means, with respect to the VRDP Shares, the period
          from, and including, the first day following a SRP Calculation Date to, and including, the next succeeding Wednesday, or, if such day is not a Business Day, the next succeeding Business Day.</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">A-1</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">&#8220;</font><font style="font-weight: bold;">TOB Trust</font><font style="font-weight: bold;">&#8221; </font>means a tender option bond trust or similar vehicles that are
        functionally equivalent to tender option bond trusts and used for providing financing for municipal obligations and municipal closed-end fund preferred shares.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">&#8220;</font><font style="font-size: 10pt; font-weight: bold;">Total Holders</font><font style="font-size: 10pt; font-weight: bold;">&#8221;
        </font><font style="font-size: 10pt;">means, with respect to any Series of VRDP Shares, the Holders of 100% of the aggregate Outstanding amount of the VRDP Shares of such Series.</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">A-2</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"><u>Schedule 1</u></div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Recipients of this Notice of Special Rate Period</div>
      <div>&#160;</div>
      <div style="color: rgb(0, 0, 0); font-weight: bold;">Bank of America, N.A.</div>
      <div style="color: rgb(0, 0, 0);">One Bryant Park</div>
      <div style="color: rgb(0, 0, 0);">1111 Avenue of the Americas, 9<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
      <div style="color: rgb(0, 0, 0);">New York, New York 10036</div>
      <table cellspacing="0" cellpadding="0" border="0" id="z300dc09385e44bcaace593f4d5f8b7a9" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Attention:</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Thomas Visone</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Mary Ann Olson</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Todd Blasiak</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Lisa Irizarry</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Michael Jentis</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Telephone:</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">(212) 449-7358 (Visone/Blasiak/Irizarry)</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
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            </td>
            <td style="width: 90%; vertical-align: top;">
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            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">mary.ann.olson@bofa.com</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">todd.blasiak@bofa.com</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">lisa.m.irizarry@bofa.com</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">michael.jentis@bofa.com</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
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          </tr>

      </table>
      <div>&#160;</div>
      <div style="color: rgb(0, 0, 0); font-weight: bold;">BofA Securities, Inc.</div>
      <div style="color: rgb(0, 0, 0);">One Bryant Park</div>
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          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Attention:</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Thomas Visone</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Mary Ann Olson</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Todd Blasiak</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Michael Jentis</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Telephone:</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">(212) 449-7358 (Visone/Blasiak/Irizarry)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">(212) 449-8300 (Jentis)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Email:</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">thomas.visone@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">mary.ann.olson@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">todd.blasiak@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">lisa.m.irizarry@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">michael.jentis@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">tommy.murray@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">dg.temm@bofa.com</div>
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          </tr>

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      <div>&#160;</div>
      <div style="color: rgb(0, 0, 0); font-weight: bold;">Banc of America Preferred Funding Corporation</div>
      <div style="color: rgb(0, 0, 0);">One Bryant Park</div>
      <div style="color: rgb(0, 0, 0);">1111 Avenue of the Americas, 9<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
      <div style="color: rgb(0, 0, 0);"> <br>
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      <div style="color: rgb(0, 0, 0);">
        <div style="text-align: center;">Annex A to Schedule III</div>
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      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
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      <table cellspacing="0" cellpadding="0" border="0" id="z95b61e34d87a45228246a3affa8c0bd4" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Attention:</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Thomas Visone</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Mary Ann Olson</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Todd Blasiak</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Lisa Irizarry</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Michael Jentis</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Telephone:</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">(212) 449-7358 (Visone/Blasiak/Irizarry)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">(212) 449-8300 (Jentis)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">Email:</div>
            </td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">thomas.visone@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">mary.ann.olson@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">todd.blasiak@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">lisa.m.irizarry@bofa.com</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">michael.jentis@bofa.com</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="color: rgb(0, 0, 0); font-weight: bold;">The Depository Trust Company</div>
      <div style="color: rgb(0, 0, 0); font-size: 12pt;"><u><font style="font-size: 10pt;">LensNotice@dtcc.com</font></u></div>
      <div style="color: rgb(0, 0, 255); font-size: 12pt;"><font style="font-size: 10pt;"><u> <br>
          </u></font></div>
      <div style="color: rgb(0, 0, 255); font-size: 12pt;">
        <div style="text-align: center; font-size: 10pt;">
          <div style="text-align: left; color: rgb(0, 0, 0);">
            <div style="text-align: center;">Annex A to Schedule III</div>
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      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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      <div style="text-align: right; font-weight: bold;">ANNEX B TO SCHEDULE II</div>
      <div style="text-align: right; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">FORM OF VOTING TRUST AGREEMENT</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">[ON FILE]</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: right; font-weight: bold;">ANNEX C TO SCHEDULE II</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">PORTFOLIO INFORMATION</div>
      <div>&#160;
        <table cellspacing="0" cellpadding="0" border="0" align="" style="width: 100%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;" id="z2fe10aafca2d426e97e34576b0de00b5">

            <tr>
              <td style="width: 14%; padding-bottom: 2px;">
                <div>Reporting as of:&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
                </div>
              </td>
              <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 76%; padding-bottom: 2px;" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="width: 14%; padding-bottom: 2px;">
                <div>TOB Floaters: $&#160;&#160;&#160;&#160;&#160; <br>
                </div>
              </td>
              <td style="width: 10%; border-bottom: 2px solid rgb(0, 0, 0);">
                <div>&#160;</div>
              </td>
              <td style="width: 76%; padding-bottom: 2px;" colspan="1">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="clear: both;"><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z32547a35a03c4a549fcb2f1ad4f9d27b">

            <tr>
              <td style="width: 11.71%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">CUSIP</div>
              </td>
              <td style="width: 14.59%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">Portfolio</div>
                <div style="text-align: center; font-weight: bold;">Name</div>
              </td>
              <td style="width: 14%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">Description</div>
              </td>
              <td style="width: 11.72%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">Market</div>
                <div style="text-align: center; font-weight: bold;">Value</div>
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              <td style="width: 12.02%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">Payment</div>
                <div style="text-align: center; font-weight: bold;">Default</div>
                <div style="text-align: center; font-weight: bold;">(Yes/No)</div>
              </td>
              <td style="width: 11.44%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">Par</div>
                <div style="text-align: center; font-weight: bold;">Value</div>
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              <td style="width: 11.74%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">Rating</div>
              </td>
              <td style="width: 11.74%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">State</div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 11.71%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 14.59%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 14%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 11.72%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 12.02%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 11.44%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 11.74%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td rowspan="1" style="width: 11.74%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 11.71%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">[&#9679;]</div>
              </td>
              <td style="width: 14.59%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">[&#9679;]</div>
              </td>
              <td style="width: 14%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                <div style="text-align: center;">[&#9679;]</div>
              </td>
              <td style="width: 11.72%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">[&#9679;]</div>
              </td>
              <td style="width: 12.02%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">[&#9679;]</div>
              </td>
              <td style="width: 11.44%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">[&#9679;]</div>
              </td>
              <td style="width: 11.74%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">[&#9679;]</div>
              </td>
              <td style="width: 11.74%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
                <div style="text-align: center;">[&#9679;]</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div>
        <div style="text-align: center;">
          <div>Annex C to Schedule II</div>
        </div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: right; text-indent: 281.4pt; font-weight: bold;">ANNEX D TO SCHEDULE II</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">EFFECTIVE LEVERAGE RATIO AND ASSET COVERAGE INFORMATION</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z33b0f21bd1c44fcaa299de0eeea9b4d2" style="border-collapse: collapse; width: 60%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;"><u>EFFECTIVE LEVERAGE RATIO TEST</u></div>
            </td>
            <td style="width: 10%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Preferred Shares Outstanding -</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Accrued Dividends</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; text-align: center; padding-bottom: 2px;">&#160;</td>
            <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 4px;">
              <div style="text-align: center;">Total Preferred Liability</div>
            </td>
            <td style="width: 10%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">
              <div style="text-align: center;">&#160;[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Preferred Shares Outstanding - VRDP</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Accrued Dividends</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; text-align: center; padding-bottom: 2px;">&#160;</td>
            <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 4px;">
              <div style="text-align: center;">Total Debt Senior Securities</div>
            </td>
            <td style="width: 10%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">
              <div style="text-align: center;">&#160;[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Floaters Issued by the Fund</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Repurchase Obligations</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Market Value of Total Assets</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Total Market Value of Total Assets</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">NOTE: Derivative Termination Value of</div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Derivatives Contract</div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Effective Leverage Ratio</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Pass/Fail</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 10%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;"><u>ASSET COVERAGE RATIO TEST</u></div>
            </td>
            <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 10%; vertical-align: top; text-align: center;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Minimum VRDP Shares Asset Coverage</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: center;">Pass/Fail</div>
            </td>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: center;">[&#9679;]</div>
            </td>
          </tr>

      </table>
      <div style="clear: both;">
        <div style="text-align: center;"> <br>
        </div>
        <div style="text-align: center;">Annex D to Schedule II</div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%1%Exhibit A-% %-->
      <div style="text-align: right; font-weight: bold;">EXHIBIT A</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">ELIGIBLE ASSETS</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">On the Closing Date and at all times thereafter that the VRDP Shares Purchase Agreement is outstanding:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36.05pt; margin-right: 17.1pt;">1.&#160;&#160; &#160; &#160;&#160;&#160;&#160;&#160; All assets in the Fund consist of &#8220;Eligible Assets&#8221;, defined to consist only of the following as of the time of investment:</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.05pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Debt obligations</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 7.1pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;Municipal securities,&#8221; defined as obligations of a State, the District of Columbia, a U.S. territory, or a political subdivision thereof and
        including general obligations, limited obligation bonds, revenue bonds, and obligations that satisfy the requirements of section 142(b)(1) of the Internal Revenue Code of 1986 issued by or on behalf of any State, the District of Columbia, any U.S.
        territory or any political subdivision thereof, including any municipal corporate instrumentality of 1 or more States, or any public agency or authority of any State, the District of Columbia, any U.S. territory or any political subdivision
        thereof, including obligations of any of the foregoing types related to financing a 501(c)(3) organization. Eligible Assets shall include any municipal securities that at the time of purchase are paying scheduled principal and interest or if at the
        time of purchase are in payment default, then in the sole judgment of the Investment Adviser are expected to produce payments of principal and interest whose present value exceeds the purchase price.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; Debt obligations of the United States.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 9.9pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Debt obligations issued, insured, or guaranteed by a department or an agency of the U.S. Government, if the obligation, insurance, or guarantee
        commits the full faith and credit of the United States for the repayment of the obligation (including municipal bonds that have been pre-refunded or escrowed with securities previously referenced in this Section 1(a)(iii)).</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 15.05pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Debt obligations of the Washington Metropolitan Area Transit Authority guaranteed by the Secretary of Transportation under Section 9 of the
        National Capital Transportation Act of 1969.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Debt obligations of the Federal Home Loan Banks.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 20.8pt; margin-left: 36pt;">(vi)&#160;&#160;&#160;&#160; &#160;&#160; Debt obligations, participations or other instruments of or issued by the Federal National Mortgage Association or the Government National
        Mortgage Association.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 15.55pt; margin-left: 36pt;">(vii)&#160;&#160;&#160; &#160;&#160; Debt obligations which are or ever have been sold by the Federal Home Loan Mortgage Corporation pursuant to sections 305 or 306 of the Federal
        Home Loan Mortgage Corporation Act.</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 15.55pt; margin-left: 36pt;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit A-1</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 10.9pt; margin-left: 36pt;">(viii)&#160;&#160;&#160;&#160;&#160;&#160; Debt obligations of any agency named in 12 U.S.C. &#167; 24(Seventh) as eligible to issue obligations that a national bank may underwrite, deal in,
        purchase and sell for the bank&#8217;s own account, including qualified Canadian government obligations.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(ix)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Debt obligations of issuers other than those specified in (i) through (viii) above that are &#8220;investment grade&#8221; and that are &#8220;marketable.&#8221; For these purposes, an
        obligation is: </div>
      <div>&#160;</div>
      <div style="margin-left: 72pt;">(aa)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;marketable&#8221; if:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zfa46dc224799499d8c7544d4e14e0fb8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 144pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>it is registered under the Securities Act;</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z19f9af295f1343658104ea8498b5cdd0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 144pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>it is offered and sold pursuant to Securities and Exchange Commission Rule 144A; 17 CFR 230.144A; or</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z623593ee5a4244ab864277e7b4e2d2d6" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 144pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>it can be sold with reasonable promptness at a price that corresponds reasonably to its fair value; and</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="margin-left: 72pt;">(bb)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;investment grade&#8221; if:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="z0626084bbba34687afaf9eb32432144d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 144pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>the obligor had adequate capacity, as determined by the Investment Adviser in its sole discretion, to meet financial commitments under the security for the projected life of the asset or exposure, which capacity is presumed if the risk
                of default by the obligor is low and the full and timely repayment of principal and interest is expected.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 13.75pt; margin-left: 36pt;">(x)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Certificates or other securities evidencing ownership interests in a municipal bond trust structure (generally referred to as a tender option
        bond structure) that invests in (a) debt obligations of the types described in (i) above or (b) depository receipts reflecting ownership interests in accounts holding debt obligations of the types described in (i) above.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 33.75pt; margin-left: 36pt;">(xi)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; An asset shall not lose its status as an Eligible Asset solely by virtue of the fact that:</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" id="zdc8e05745aa546a983cf52b40e98fe83" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 144pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>it provides for repayment of principal and interest in any form including fixed and floating rate, zero interest, capital appreciation, discount, leases, and payment in kind; or</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z3bc2c991f9fc44fd91ba6276193d062f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 144pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;">&#8226;</td>
            <td style="width: auto; vertical-align: top;">
              <div>it is for long-term or short-term financing purposes.</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit A-2</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 72.05pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Derivatives</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Interest rate derivatives;</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 16.1pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Swaps, futures, forwards, structured notes, options and swaptions related to Eligible Assets or on an index related to Eligible Assets; or</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Credit default swaps.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.05pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other Assets</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 13.15pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Shares of other investment companies (open- or closed-end funds and ETFs) the assets of which consist entirely of either (a) Eligible Assets,
        or (b) &#8220;Eligible securities&#8221; permitted for investment by a &#8220;Tax exempt fund&#8221; as defined under SEC Rule 2a-7, based on the Investment Adviser&#8217;s assessment of the assets of each such investment company taking into account the investment company&#8217;s
        most recent publicly available schedule of investments and publicly disclosed investment policies.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Cash.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Repurchase agreements on assets described in (a) above.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 13.2pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160; Taxable fixed-income securities, for the purpose of influencing control of an issuer whose municipal bonds (a) the Fund already owns and (b) have
        deteriorated or are expected shortly to deteriorate that such investment should enable the Fund to better maximize its existing investment in such issuer, provided that the Fund may invest no more than 0.5% of its total assets in such securities.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72.05pt; margin-right: 18.35pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other assets, upon written agreement of the Liquidity Provider that such assets are eligible for purchase by the Fund.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36.05pt; margin-right: 10.35pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund will provide the following information at the Closing Date (for purposes of the information to be provided at the Closing Date, such information shall
        be as of a date no earlier than two days prior to the Closing Date), and within 10 days after the end of every calendar quarter thereafter for every debt security in the Fund:</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 10.35pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The identity of each portfolio holding (including the name of the issuer and obligor and the security and CUSIP Number);</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 10.35pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The par value for each portfolio holding; and</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 10.35pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The identity of any portfolio holding that is in payment default.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36.05pt; margin-right: 10.35pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For any investment company the shares of which are held by the Fund, other than shares of any money market fund, the Fund will provide the following
        information at the Closing Date (for the purposes of the information to be provided at the Closing Date, such information shall be as of a date no earlier than two days prior to the Closing Date) and within 10 days after the end of every calendar
        quarter after the Closing Date:</div>
      <div style="text-align: justify; text-indent: 36.05pt; margin-right: 10.35pt;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit A-3</font></div>
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 10.35pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the identity of the investment company and the CUSIP Number, the number of shares owned, and the percentage of the investment company&#8217;s equity represented by the
        Fund&#8217;s investment;</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 10.35pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; a representation that the portfolio of each fund investment consists solely of &#8220;Eligible Assets&#8221; based upon the affirmative representation of the underlying
        investment company&#8217;s investment adviser; and</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-right: 10.35pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;the information contained in the most recently released financial statements of each such underlying investment company relating to the portfolio holdings of
        each such investment company.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36.05pt; margin-right: 10.35pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund will purchase Eligible Assets (primarily Municipal Obligations) for its portfolio based upon the Investment Adviser&#8217;s assessment of an asset&#8217;s
        relative value in terms of current yield, price, credit quality, and future prospects; and will monitor the continued creditworthiness of its portfolio investments and analyze economic, political and demographic trends affecting the markets for
        such assets.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36.05pt; margin-right: 10.35pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund has instituted policies and procedures that it believes are sufficient to ensure that the Fund complies with the representations, warranties and
        covenants contained in Section 6.16 of this Agreement.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36.05pt; margin-right: 15.55pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund will, upon request, provide the Liquidity Provider and its internal and external auditors and inspectors as the Liquidity Provider may from time to
        time designate, with all reasonable assistance and access to information and records of the Fund relevant to the Fund&#8217;s compliance with and performance of the representations, warranties and covenants contained in&#160; Section 6.16 of this Agreement,
        but only for the purposes of internal and external audit.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <font style="font-weight: bold;"> </font></div>
    <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Exhibit A-4</font></div>
    <div style="text-align: center;">
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber"> </font></div>
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<DOCUMENT>
<TYPE>EX-99.6
<SEQUENCE>7
<FILENAME>brhc10022981_ex99-6.htm
<DESCRIPTION>EXHIBIT 99.6
<TEXT>
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        <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.6</font><br>
        </div>
        <div>&#160;</div>
        <div style="text-align: center; margin-right: 46.15pt; margin-left: 43.1pt; font-weight: bold;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
        <div>&#160;</div>
        <div style="text-align: center; margin-right: 46.15pt; margin-left: 43.1pt; font-weight: bold;">AND</div>
        <div>&#160;</div>
        <div style="text-align: center; margin-right: 46.15pt; margin-left: 43.15pt; font-weight: bold;">BOFA SECURITIES, INC.</div>
        <div>&#160;</div>
        <div style="text-align: center; margin-right: 46.15pt; margin-left: 43.15pt; font-weight: bold;">&#160;VRDP SHARES REMARKETING AGREEMENT</div>
        <div>&#160;</div>
        <div style="text-align: center; margin-right: 46.15pt; margin-left: 43.2pt; font-weight: bold;">Dated as of March 31, 2021</div>
        <div>&#160;</div>
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        <div style="text-align: center; font-weight: bold;">VRDP SHARES REMARKETING AGREEMENT</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">This VRDP SHARES REMARKETING AGREEMENT, dated as of March 31, 2021 (this &#8220;<font style="font-weight: bold;">Agreement</font>&#8221;), by and among BlackRock New York Municipal Income Trust, a
          diversified, closed-end investment company organized as Delaware statutory trust (the &#8220;<font style="font-weight: bold; font-style: italic;">Fund</font>&#8221;) and BofA Securities, Inc., a Delaware corporation, and any of its successors or assigns (the
          &#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Agent</font>&#8221;).</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">WITNESSETH:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Fund has authorized the issuance to the Holders (as defined below) of 945
            Series W-7 Variable Rate Demand Preferred Shares, par value $0.001 per share, with a liquidation preference of $100,000 per share (the &#8220;<font style="font-weight: bold; font-style: italic;">Liquidation Preference</font>&#8221;) (the &#8220;<font style="font-weight: bold; font-style: italic;">Series W-7 VRDP Shares</font>&#8221;), in connection with the refinancing of its Variable Rate Muni Term Preferred Shares (such Series W-7 VRDP Shares, the &#8220;<font style="font-weight: bold; font-style: italic;">Refinancing Shares</font>&#8221;)<font style="font-weight: bold; font-style: italic;">&#160;</font>and intends to issue an additional 849 Series W-7 VRDP Shares in connection with the reorganization of each of each of <font style="color: rgb(0, 0, 0);">BlackRock New York Municipal Income Trust II and BlackRock New York Municipal Income Quality Trust</font> into the Fund (the &#8220;<font style="font-weight: bold; font-style: italic;">Reorganization Shares</font>&#8221;), pursuant to and
            with the preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption assigned to them in the Fund&#8217;s Statement of Preferences (as defined below);</font></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, in connection with an Optional Tender, Beneficial Owners of the Refinancing
            Shares, and, following their issuance, the Reorganization Shares (the Refinancing Shares initially, and, following the issuance of the Reorganization Shares, the Refinancing Shares and the Reorganization Shares, collectively, the &#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares</font>&#8221;), or their Agent Members may elect to tender their VRDP Shares (in one or more shares) for purchase at the Purchase Price on the Purchase Date designated in the Notice of
            Tender (or if such day is not a Business Day, on the next succeeding Business Day) after delivery of a Notice of Tender to The Bank of New York Mellon (the &#8220;<font style="font-weight: bold;">Tender and Paying Agent</font>&#8221;), or, in the event (i)
            no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the Tender and
            Paying Agent for Remarketing (provided, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), the Tender and Paying Agent will deliver all unsold VRDP Shares that have been
            delivered to the Tender and Paying Agent to Bank of America, N.A., or its successors or assigns, as liquidity provider (the &#8220;<font style="font-weight: bold;">Liquidity Provider</font>&#8221;) for purchase at the Purchase Price pursuant to the
            Statement of Preferences and the VRDP Shares Purchase Agreement;</font></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, VRDP Shares will be subject to Mandatory Tender for Remarketing at the Purchase
            Price for purchase on the designated Purchase Date upon the occurrence of a Mandatory Tender Event, or, in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain
            unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (provided, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent
            Remarketing prior to the Purchase Date), the Tender and Paying Agent will deliver all unsold VRDP Shares that have been delivered to the Tender and Paying Agent to the Liquidity Provider for purchase at the Purchase Price on the Purchase Date
            pursuant to the Statement of Preferences and the VRDP Shares Purchase Agreement;</font></div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 1 -</font></div>
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        </div>
        <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Fund has requested BofA Securities, Inc. to act as the Remarketing Agent
            under this Agreement in accordance with the provisions of the Statement of Preferences (and the Board of Trustees of the Fund has adopted a resolution appointing BofA Securities, Inc. as the Remarketing Agent) to perform the duties set forth
            herein and to perform such other duties as are assigned to the Remarketing Agent herein and in the Statement of Preferences, all pursuant to the procedures set forth in the Statement of Preferences; and</font></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS, </font><font style="font-size: 10pt;">The Fund has designated a Special Rate Period for the VRDP Shares pursuant to,
            and in accordance with, the Statement of Preferences (the &#8220;<font style="font-weight: bold;">Current Special Rate Period</font>&#8221;). The Current Special Rate Period will terminate on April 15, 2022 or such later date to which it may be extended in
            accordance with the terms set forth thereunder pursuant to the Notice of Special Rate Period attached to the Statement of Preferences as Appendix A (the &#8220;<font style="font-weight: bold;">Current Notice of Special Rate Period</font>&#8221;);</font></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Remarketing Agent is willing to assume such duties on the terms and
            conditions expressly set forth herein; and</font></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">NOW, THEREFORE</font><font style="font-size: 10pt;">, in consideration of the premises and mutual covenants herein contained,
            the parties hereto agree as follows:</font></div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 1.&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160;&#160; Section 1. <u>Definitions</u>. Capitalized terms used herein that are not otherwise defined shall have the meanings assigned to them in the Statement of Preferences. Any
          day not referred to herein as a Business Day shall mean a calendar day.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">1940 Act</font>&#8221; means the Investment Company Act of 1940, as amended.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">1940 Act Documents</font>&#8221; has the meaning set forth in Section 4(d).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">1940 Act Regulations</font>&#8221; has the meaning set forth in Section 4(d).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agent Member</font>&#8221; means a Person with an account at the Securities Depository that holds one or more VRDP Shares through the Securities
          Depository, directly or indirectly, for a Beneficial Owner and that will be authorized and instructed, directly or indirectly, by a Beneficial Owner to disclose information to the Remarketing Agent and the Tender and Paying Agent with respect to
          such Beneficial Owner.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agreement</font>&#8221; has the meaning set forth in the preamble hereto.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Agreement and Declaration of Trust</font>&#8221; means the Amended and Restated Agreement and Declaration of Trust, as amended and supplemented, of
          the Fund.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Alternate VRDP Shares Purchase Agreement</font>&#8221; means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase
          Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein as determined by the Fund.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 2 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Beneficial Owner</font>&#8221; means a Person in whose name VRDP Shares are recorded as beneficial owner of such VRDP Shares by the Securities
          Depository, an Agent Member or other securities intermediary on the records of such Securities Depository, Agent Member or securities intermediary, as the case may be, or such Person&#8217;s subrogee, including the Liquidity Provider to the extent it
          is at any time such a beneficial owner of VRDP Shares (irrespective of any assignment or transfer by the Liquidity Provider of its voting rights).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Board</font>&#8221; means the Board of Trustees of the Fund or any duly authorized committee thereof.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Business Day</font>&#8221; means a day (a) other than a day on which commercial banks in The City of New York, New York are required or authorized
          by law or executive order to close and (b) on which the New York Stock Exchange is not closed.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Commission</font>&#8221; has the meaning set forth in Section 4(d).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Confidential Information</font>&#8221; has the meaning set forth in Section 27.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Effective Date</font>&#8221; means March 31, 2021 subject to the satisfaction of the conditions specified in Section 3.01 of the Fee Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Effective Leverage Ratio</font>&#8221; has the meaning set forth in the Fee Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Effective Leverage Ratio Cure Period</font>&#8221; has the meaning set forth in the Fee Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Electronic Means</font>&#8221; means email transmission, facsimile transmission or other similar electronic means of communication providing
          evidence of transmission (but excluding online communications systems covered by a separate agreement) acceptable to the sending party and the receiving party, in any case if operative as between any two parties, or, if not operative, by
          telephone (promptly confirmed by any other method set forth in this definition), which, in the case of notices to the Tender and Paying Agent, shall be sent by such means as set forth in Section 7.02 of the Tender and Paying Agent Agreement or as
          specified in the related notice.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Exchange Act</font>&#8221; has the meaning set forth in Section 4(c).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Extraordinary Corporate Event</font>&#8221; means as to the Liquidity Provider, (i) the consolidation, amalgamation with, or merger with or into or
          the transfer of all or substantially all of the Liquidity Provider&#8217;s assets to another entity, or (ii) the dissolution, for any reason, of the Liquidity Provider other than in connection with the consolidation, amalgamation with, or merger with
          or into another entity or the transfer of all or substantially all of the Liquidity Provider&#8217;s assets; <u>provided</u>, <u>however</u>, that with respect to (i) above, an Extraordinary Corporate Event does not include any of the listed
          occurrences where (x) the surviving entity, or transferee of all or substantially all of the Liquidity Provider&#8217;s assets, (a) assumes all of the obligations of the Liquidity Provider under the terms of the VRDP Shares Purchase Agreement and (b)
          has short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs and (y) the Liquidity Provider has provided notice in writing to the Fund confirming the information described in (x) at least 10 days prior to the
          scheduled date of the applicable listed occurrence in (i) above.</div>
        <div>&#160;<br>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 3 -</font></div>
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fee Agreement</font>&#8221; means the VRDP Shares Fee Agreement, dated as of March 31, 2021, between the Fund and the Liquidity Provider, as
          amended, modified or supplemented from time to time, or any similar agreement with a successor liquidity provider.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Final Notice of Purchase</font>&#8221; means, in connection with an Optional Tender or a Mandatory Tender, a Notice of Purchase delivered by the
          Tender and Paying Agent to the Liquidity Provider (or directly to the Liquidity Provider by Beneficial Owners or their Agent Members, in the case of an Optional Tender, or Holders, in the case of a Mandatory Tender, if there is no Tender and
          Paying Agent or for any reason the Tender and Paying Agent does not perform its obligations) on the Purchase Date indicating the number of VRDP Shares to be purchased on such date pursuant to the Purchase Obligation, or, in connection with a
          Mandatory Purchase, the Mandatory Purchase Notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fitch</font>&#8221; means Fitch Ratings.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Fund</font>&#8221; has the meaning set forth in the preamble to this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Indemnified Person</font>&#8221; has the meaning set forth in Section 10(a).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Indemnifying Person</font>&#8221; has the meaning set forth in Section 10(c).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidation Preference</font>&#8221; has the meaning set forth in the recitals of this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Liquidity Provider</font>&#8221; has the meaning set forth in the recitals to this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Losses</font>&#8221; has the meaning set forth in Section 10(c).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Tender</font>,&#8221; with respect to a Mandatory Tender Event, means the mandatory tender of all VRDP Shares by Holders for Remarketing,
          or, in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to
          the Tender and Paying Agent for Remarketing (<u>provided</u>, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider at the Purchase Price
          pursuant to Section 2 of Part II of the Statement of Preferences and the VRDP Shares Purchase Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Tender Event</font>&#8221; means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b)
          the occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider
          Ratings Event also results in a Mandatory Purchase Event; provided that, following restoration of the short-term debt ratings to the requisite level, a subsequent Liquidity Provider Ratings Event shall constitute a new Mandatory Tender Event);
          (c) in the event of a failure by the Fund to pay the Liquidity Provider the applicable fee when due under the terms of the Fee Agreement if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such
          failure to pay such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an
          Alternate VRDP Shares Purchase Agreement by the 15th day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Shares Purchase Agreement being
          replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with the Statement of Preferences; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider
          in the Fee Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter
          provides written notice to the Fund and the Tender and Paying Agent that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the
          Liquidity Provider).</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 4 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Tender Notice</font>&#8221; means, in connection with the Mandatory Tender of VRDP Shares, a notice delivered by the Fund or the Tender
          and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory Tender Event and Purchase Date, substantially in the form attached as Annex II hereto.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Moody&#8217;s</font>&#8221; means Moody&#8217;s Investors Service, Inc., a Delaware corporation, and its successors.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Purchase</font>&#8221; means, as the context requires, a Preliminary Notice of Purchase or a Final Notice of Purchase, in each case,
          substantially in the form attached as Exhibit A to the VRDP Shares Purchase Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Revocation</font>&#8221; has the meaning set forth in Section 2(c)(iii).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Notice of Tender</font>&#8221; means, in connection with an Optional Tender, a notice, substantially in the form attached to the Tender and Paying
          Agent Agreement, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to tender VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of the Statement of Preferences.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Optional Tender</font>&#8221; means any tender of VRDP Shares by a Beneficial Owner or its Agent Member to the Tender and Paying Agent, other than
          a Mandatory Tender, for Remarketing or, in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account
          the unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (<u>provided</u>, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity
          Provider pursuant to Section 2 of Part II of the Statement of Preferences and the VRDP Shares Purchase Agreement.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 5 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchase Date</font>,&#8221; with respect to any purchase of VRDP Shares, means (i) in connection with an Optional Tender, the date specified in a
          Notice of Tender, which date shall be no earlier than the seventh day (or, if such day is not a Business Day, the next succeeding Business Day) following delivery to the Tender and Paying Agent of the Notice of Tender, (ii) in connection with a
          Mandatory Tender, the date specified in the Mandatory Tender Notice (or, if such day is not a Business Day, the next succeeding Business Day), subject to the immediately succeeding sentence below, or (iii) in connection with a Mandatory Purchase,
          the Mandatory Purchase Date specified in the Mandatory Purchase Notice (or, if such day is not a Business Day, the next succeeding Business Day). The Purchase Date in respect of a Mandatory Tender Event shall be not later than seven days
          following the date a Mandatory Tender Notice is sent to Holders by Electronic Means; provided, that: (A) the Purchase Date in connection with the failure of the Fund to pay the applicable fee to the Liquidity Provider may not be later than the
          last Business Day of the month such payment was due; (B) the Purchase Date in connection with the occurrence of an Extraordinary Corporate Event may not be later than the Business Day immediately preceding the occurrence of the Extraordinary
          Corporate Event (and, if no earlier Purchase Date is specified in a Mandatory Tender Notice with respect to such Extraordinary Corporate Event, the Business Day immediately preceding the occurrence of the Extraordinary Corporate Event shall be
          deemed to be the Purchase Date irrespective of the failure to have given or sent a Mandatory Tender Notice); (C) the Purchase Date in connection with the Fund obtaining an Alternate VRDP Shares Purchase Agreement may not be later than the
          Business Day immediately preceding the termination of the VRDP Shares Purchase Agreement being replaced and the effective date of such Alternate VRDP Shares Purchase Agreement (which may not be later than the termination date of the VRDP Shares
          Purchase Agreement); and (D) the Purchase Date in connection with a Notice of Proposed Special Rate Period may not be later than the first day of such proposed Special Rate Period.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchase Obligation</font>&#8221; means the unconditional and irrevocable obligation of the Liquidity Provider during the term and pursuant to the
          terms of the VRDP Shares Purchase Agreement to purchase Outstanding VRDP Shares on any Purchase Date at the Purchase Price from Beneficial Owners, in the case of any Optional Tender, and Holders, in the case of any Mandatory Tender or any
          Mandatory Purchase, in each case following delivery of a Final Notice of Purchase with respect to such VRDP Shares.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Purchase Price</font>&#8221; means an amount equal to the Liquidation Preference of any VRDP Shares to be purchased on a Purchase Date, <font style="font-style: italic;">plus </font>any accumulated but unpaid dividends thereon (whether or not earned or declared), if any, to, but excluding, the relevant Purchase Date.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Refinancing Shares</font>&#8221; has the meaning set forth in the recitals of this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Related Documents</font>&#8221; means this Agreement, the Agreement and Declaration of Trust, the Statement of Preferences, the VRDP Shares, the
          Fee Agreement, the VRDP Shares Purchase Agreement and the Tender and Paying Agent Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing</font>&#8221; means the remarketing of VRDP Shares by the Remarketing Agent on behalf of Beneficial Owners thereof pursuant to an
          Optional Tender or on behalf of the Holders thereof pursuant to a Mandatory Tender, as provided in this Agreement and Part II of the Statement of Preferences.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Agent</font>&#8221; has the meaning set forth in the preamble hereto.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 6 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Materials</font>&#8221; means (i) the Fund&#8217;s most recent annual report and, if available, subsequent semi-annual report, which shall be
          deemed to have been made available upon the electronic availability of any such document on a public website, (ii) the most recent annual and, if available, interim report of the Liquidity Provider, which shall be deemed to have been made
          available upon the electronic availability of any such document on a public website, (iii) such other publicly available information as the Fund or the Liquidity Provider or the Remarketing Agent, if applicable, may reasonably request from time
          to time, of the Liquidity Provider, the Fund or the Remarketing Agent, and such other documentation, representations, warranties and certifications as the Fund, the Liquidity Provider or the Remarketing Agent, if applicable, may reasonably
          request, it being understood that the Fund, the Liquidity Provider or the Remarketing Agent, if applicable, may, in its discretion, determine to deliver to purchasers and prospective purchasers, in connection with the offer and sale of VRDP
          Shares by the Liquidity Provider, a Remarketing Memorandum, and (iv) such other publicly available information necessary, in the opinion of counsel for the Fund, the Liquidity Provider or the Remarketing Agent, if applicable, to amend or
          supplement the foregoing materials, in order that the foregoing materials will not include any untrue statements of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading in the light of
          the circumstances existing at the time made available to or delivered to a purchaser.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Memorandum</font>&#8221; means any written communication describing the Fund, the Liquidity Provider and/or the terms of the VRDP
          Shares and the Purchase Obligation, which has been approved by each party hereto and the Liquidity Provider in writing for use in connection with Remarketing prior to its use, which approval shall not be unreasonably withheld or delayed.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Remarketing Notice</font>&#8221; has the meaning set forth in Section 2(f).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#160;&#8220;<font style="font-weight: bold; font-style: italic;">Reorganization Shares</font>&#8221; has the meaning set forth in the recitals of this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Representatives</font>&#8221; has the meaning set forth in Section 27.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Securities Act</font>&#8221; has the meaning set forth in Section 2(n).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Securities Depository</font>&#8221; means The Depository Trust Company, New York, New York, and any substitute for or successor to such securities
          depository that shall maintain a book-entry system with respect to the VRDP Shares.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Special Optional Tender Provisions</font>&#8221; has the meaning set forth in Section 2(c)(iv).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Series W-7 VRDP Shares</font>&#8221; has the meaning set forth in the recitals of this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Statement of Preferences</font>&#8221; means the Statement of Preferences of Variable Rate Demand Preferred Shares with respect to the Fund as
          amended from time to time in accordance with the provisions thereof.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Tender</font>&#8221; means either an Optional Tender or Mandatory Tender, as applicable.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Tender and Paying Agent</font>&#8221; has the meaning set forth in the recitals to this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Tender and Paying Agent Agreement</font>&#8221; means the tender and paying agent agreement, dated as of March 31, 2021, between the Fund and the
          Tender and Paying Agent, as amended, modified or supplemented from time to time, or any similar agreement with a successor tender and paying agent.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 7 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">Transactions</font>&#8221; has the meaning set forth in Section 27.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares</font>&#8221; has the meaning set forth in the preamble hereto.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">&#8220;<font style="font-weight: bold; font-style: italic;">VRDP Shares Purchase Agreement</font>&#8221; means the VRDP Shares purchase agreement, dated as of March 31, 2021, between the Liquidity Provider
          and the Tender and Paying Agent, as amended, modified or supplemented, or any Alternate VRDP Shares Purchase Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 2.&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; &#160; <u>Appointment and Obligations of the Remarketing Agent</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Fund hereby appoints BofA Securities, Inc., and BofA Securities, Inc. hereby accepts such appointment, as the exclusive Remarketing Agent of VRDP Shares for the purpose of
          establishing the Applicable Rate on each Rate Determination Date in respect of the VRDP Shares and, in connection with a Tender, Remarketing such VRDP Shares on behalf of the Beneficial Owners thereof and calculating the Purchase Price therefor,
          among other things; and performing such other duties as are assigned to the Remarketing Agent in the Statement of Preferences all pursuant to the procedures set forth in the Statement of Preferences.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Remarketing Agent agrees with respect to the VRDP Shares to:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; subject to Section 4 hereof, use its best efforts to remarket tendered VRDP Shares in connection with a Tender, but shall in no way be liable if no purchasers are
          found, provided it has otherwise performed its obligations as set forth herein and in the Statement of Preferences;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; establish the Applicable Rate not later than 5:00 p.m., New York City time, on each Rate Determination Date to the nearest one-thousandth (0.001) of one percent per
          annum for each Subsequent Rate Period; such Applicable Rate being determined by the Remarketing Agent as the lowest rate under then-existing market conditions that in the Remarketing Agent&#8217;s sole judgment would result in the VRDP Shares on the
          first day of the Subsequent Rate Period next succeeding the Rate Determination Date having a market value equal to the Liquidation Preference thereof, plus accumulated but unpaid dividends thereon (whether or not earned or declared); provided,
          that the Applicable Rate may not exceed the Maximum Rate;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; notify the Fund, the Tender and Paying Agent and the Liquidity Provider of the Applicable Rate by Electronic Means after 5:00 p.m., New York City time, and post
          the Applicable Rate on Bloomberg, on each Rate Determination Date;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160; calculate the Maximum Rate applicable to each Rate Period and notify the Fund and the Tender and Paying Agent of the Maximum Rate by Electronic Means after 5:00
          p.m., New York City time, on each Rate Determination Date;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; upon request from the Fund, assist the Fund in establishing the Late Charge (if any), relating to such VRDP Shares;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(vi)&#160;&#160;&#160;&#160;&#160;&#160;&#160; calculate the Purchase Price to be paid in connection with a Tender or Mandatory Purchase of VRDP Shares;</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 8 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(vii)&#160;&#160;&#160;&#160;&#160;&#160; [Reserved];</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(viii)&#160;&#160;&#160;&#160;&#160; deliver a Remarketing Notice to the Tender and Paying Agent and the Liquidity Provider (and, in the event the Tender and Paying Agent does not perform its
          obligations under the Tender and Paying Agent Agreement, at the Fund&#8217;s direction (and not on behalf of the Tender and Paying Agent), concurrently therewith or as promptly as practicable thereafter, to each Beneficial Owner or Holder tendering
          VRDP Shares that are the subject of such notice) by Electronic Means not later than 2:00 p.m., New York City time, on the Business Day immediately preceding the related Purchase Date of the number of VRDP Shares that were successfully remarketed
          and the aggregate Purchase Price of such sold VRDP Shares and the number of VRDP Shares that remain unsold and the aggregate Purchase Price of such unsold VRDP Shares to be paid by the Liquidity Provider;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ix)&#160;&#160;&#160;&#160;&#160;&#160;&#160; upon receipt of a Notice of Revocation, deliver notification by Electronic Means to the Tender and Paying Agent and the Liquidity Provider not later than 2:00 p.m.,
          New York City time, on the Business Day immediately preceding the related Purchase Date, of the number of VRDP Shares specified in each Notice of Revocation that are the subject of an agreement of sale pursuant to a Remarketing;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(x)&#160;&#160;&#160;&#160;&#160; &#160;&#160; if the Remarketing Agent and the Liquidity Provider are not affiliates, notify the Liquidity Provider within two Business Days by telephone or Electronic Means, if,
          at any time, it owns any VRDP Shares;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(xi)&#160;&#160;&#160;&#160;&#160;&#160;&#160; allocate any unsold VRDP Shares to satisfy any Notice of Revocation;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(xii)&#160;&#160;&#160;&#160;&#160;&#160; record on Schedule I hereto each adjustment, if any, to the Applicable Percentage, the Applicable Spread or the Maximum Rate made in accordance with this Agreement
          and provide copies thereof by Electronic Means to each of the Fund, the Liquidity Provider and the Tender and Paying Agent;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(xiii)&#160;&#160;&#160;&#160;&#160; make copies of the Contact Notification Form and Cancellation Form (each as defined in the Tender and Paying Agent Agreement) available in connection with
          Remarketings, as provided in Section 7.13 of the Tender and Paying Agent Agreement;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(xiv)&#160;&#160;&#160;&#160;&#160; upon request of each purchaser, prospective purchaser or its agent to deliver a copy of the most recent Remarketing Memorandum prepared by the Fund, and provided to
          the Remarketing Agent by the Fund, in connection with each Remarketing; and</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(xv)&#160;&#160;&#160;&#160;&#160;&#160; carry out such other duties as are assigned to the Remarketing Agent herein and in the Statement of Preferences and the Tender and Paying Agent Agreement, all in
          accordance with the provisions hereof and thereof.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Remarketing Agent acknowledges and agrees to the following procedures in connection with an Optional Tender:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160; &#160;&#160; Beneficial Owners may elect to tender their VRDP Shares (in one or more shares) for purchase at the Purchase Price on the Purchase Date designated in the Notice of
          Tender (or if such day is not a Business Day, on the next succeeding Business Day) by an effective delivery of a Notice of Tender to the Tender and Paying Agent. Each Notice of Tender shall be irrevocable (except as described below) and effective
          upon receipt by the Tender and Paying Agent and shall:</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 9 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(A)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;be delivered by a Beneficial Owner, directly or through its Agent Member, by email transmission (or if email transmission shall be unavailable, by facsimile
          transmission), to the Tender and Paying Agent not later than 2:00 p.m., New York City time, on any Business Day;</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(B)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;state the series and the aggregate number of VRDP Shares to be purchased, the CUSIP number of the VRDP Shares to be purchased, and the Purchase Date, and be in
          substantially the form of and contain such other information specified in the Notice of Tender attached as Exhibit C to the VRDP Shares Purchase Agreement; and</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 72pt;">(C)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;state that the tendering Beneficial Owner acknowledges that such Beneficial Owner is required to deliver the VRDP Shares that are the subject of a Notice of Tender
          (that has not been duly revoked as described below) on or before 2:00 p.m., New York City time, on the Purchase Date.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Upon receipt of a Notice of Tender, the Tender and Paying Agent will provide a copy of such notice to the Liquidity Provider and the Remarketing Agent (with a
          copy to the Fund) as promptly as practicable by Electronic Means, but no later than 4:00 p.m., New York City time, on the date of receipt or deemed receipt. Any Notice of Tender that is delivered to the Tender and Paying Agent by a Beneficial
          Owner or its Agent Member after 2:00 p.m., New York City time, shall be deemed to have been received by the Tender and Paying Agent on the next succeeding Business Day, and the Purchase Date shall be adjusted such that the Purchase Date shall be
          the Business Day next succeeding the date specified as the Purchase Date in the Notice of Tender. The Tender and Paying Agent&#8217;s determination as to whether a Notice of Tender has been properly delivered shall be conclusive and binding on a
          Beneficial Owner and its Agent Member.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 10 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160; A Beneficial Owner or its Agent Member that delivered a Notice of Tender in connection with an Optional Tender may deliver in writing by email transmission (or if
          email transmission shall be unavailable, by facsimile transmission) to the Tender and Paying Agent, not later than 10:00 a.m., New York City time, on or prior to the Business Day immediately preceding the Purchase Date, a notice to the effect
          that such Beneficial Owner wishes to revoke its election to tender some or all of the VRDP Shares that were specified in such Notice of Tender to be purchased (a &#8220;<font style="font-weight: bold;">Notice of Revocation</font>&#8221;). Any Notice of
          Revocation delivered to the Tender and Paying Agent shall be promptly delivered by Electronic Means by the Tender and Paying Agent to the Liquidity Provider and the Remarketing Agent (with a copy to the Fund) by 12:00 noon, New York City time, on
          the Business Day immediately preceding the relevant Purchase Date. The Remarketing Agent (following receipt of such Notice of Revocation) shall notify the Tender and Paying Agent and the Liquidity Provider of the number of VRDP Shares specified
          in such Notice of Revocation that are subject to an agreement of sale pursuant to a Remarketing by Electronic Means not later than 2:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Date. The Tender and Paying
          Agent shall contact the Remarketing Agent by Electronic Means by 1:45 p.m., New York City time, if such notification has not been received by such time. The Tender and Paying Agent shall deliver such notification to the Beneficial Owner or its
          Agent Member promptly following receipt from the Remarketing Agent, and in any event by 4:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Date. Any such Notice of Revocation shall be effective (without further
          action on the part of the Beneficial Owner or its Agent Member) as a revocation of the Optional Tender of the number of VRDP Shares specified therein as being sought to be revoked, but (except as set forth below) only if and to the extent that
          the Remarketing Agent has not entered into an agreement to sell such VRDP Shares. A Notice of Revocation shall be effective as to the number of VRDP Shares specified therein as having been revoked less the number of such VRDP Shares in respect of
          which the Remarketing Agent has so notified the Tender and Paying Agent and the Liquidity Provider that it has entered into an agreement of sale. Notwithstanding the foregoing, tendered VRDP Shares, if any, that remain unsold on the related
          Purchase Date shall be allocated by the Remarketing Agent to each Notice of Revocation received in respect of VRDP Shares tendered for purchase on such Purchase Date and not already satisfied in the chronological order in which each such Notice
          of Revocation was received by the Tender and Paying Agent, and each such Notice of Revocation shall be effective only to the extent of such allocation and availability of unsold VRDP Shares.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160; In connection with any Special Rate Period designated pursuant to the Statement of Preferences, the Board, without the vote or consent of any Holder of VRDP Shares
          but with prior written consent of the Liquidity Provider (except in the case of an Initial Special Rate Period), in the Notice of Special Rate Period relating to the VRDP Shares (other than in the case of the Initial Special Rate Period), as
          delivered to the Remarketing Agent and the Liquidity Provider, may provide for optional tender provisions relating solely to such Special Rate Period (&#8220;<font style="font-weight: bold;">Special Optional Tender Provisions</font>&#8221;) whereby the
          minimum number of days&#8217; notice required for an Optional Tender may exceed seven days as specified in the Special Optional Tender Provisions for such Special Rate Period.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Remarketing Agent acknowledges and agrees to the following procedures in connection with a Mandatory Tender:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;VRDP Shares are subject to Mandatory Tender upon the occurrence of a Mandatory Tender Event. So long as the VRDP Shares are in book-entry form and held through the
          Securities Depository, any Mandatory Tender will be effected automatically through the book-entry system of the Securities Depository, without any action required on the part of Holders or Beneficial Owners. Promptly following the occurrence of a
          Mandatory Tender Event, and in any event within three (3) Business Days thereafter, the Fund, or the Tender and Paying Agent at the direction of the Fund (provided, that the Tender and Paying Agent may require up to two (2) Business Days prior
          notification by Electronic Means by the Fund), shall provide a Mandatory Tender Notice by Electronic Means to Holders, the Remarketing Agent and the Liquidity Provider, specifying a Purchase Date for all Outstanding VRDP Shares. Any notice given
          in respect of a Mandatory Tender under the Statement of Preferences will be conclusively presumed to have been duly given, whether or not the Holders receive such notice.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 11 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Upon the occurrence of a Mandatory Tender Event, all Outstanding VRDP Shares automatically shall be subject to Mandatory Tender and delivered to the Tender and
          Paying Agent for purchase on the designated Purchase Date by purchasers in the Remarketing in the event of a successful Remarketing or otherwise by the Liquidity Provider, including any VRDP Shares previously tendered pursuant to an Optional
          Tender for which the Purchase Date has not yet occurred. In the event that VRDP Shares are issued in certificated form outside of the book entry system of the Securities Depository and a Holder of VRDP Shares fails to deliver such VRDP Shares to
          which a Mandatory Tender relates on or prior to the Purchase Date, the Holder of such VRDP Shares shall not be entitled to any payment (including any accumulated but unpaid dividends thereon, whether or not earned or declared) other than the
          Purchase Price of such undelivered VRDP Shares as of the scheduled Purchase Date. Any such undelivered VRDP Shares will be deemed to be delivered to the Tender and Paying Agent, and the Tender and Paying Agent will place stop-transfer orders
          against the undelivered VRDP Shares. Any moneys held by the Tender and Paying Agent for the purchase of undelivered VRDP Shares will be held in a separate account by the Tender and Paying Agent, will not be invested, and will be held for the
          exclusive benefit of the Holder of such undelivered VRDP Shares. The undelivered VRDP Shares will be deemed to be no longer Outstanding (except as to entitlement to payment of the Purchase Price), and the Fund will issue to the purchaser a
          replacement VRDP Share certificate in lieu of such undelivered VRDP Shares.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;It is further understood and agreed by and between the parties that, in connection with any attempted Remarketing, all tendered VRDP Shares shall be remarketed at the Purchase Price
          of such VRDP Shares. The calculation of the Purchase Price of the VRDP Shares that are remarketed or purchased by the Liquidity Provider shall be made by the Remarketing Agent in advance of such Remarketing or purchase and, together with the
          details of the aggregate number and Purchase Price of remarketed VRDP Shares and the aggregate number and Purchase Price of VRDP Shares to be purchased by the Liquidity Provider pursuant to the Purchase Obligation, shall be communicated by the
          Remarketing Agent to the Fund, the Liquidity Provider and the Tender and Paying Agent by Electronic Means by 2:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Date, as described below. The proceeds of any sale
          of any remarketed VRDP Shares by the Remarketing Agent relating to tendered VRDP Shares will be used by the Tender and Paying Agent for the purchase of the tendered VRDP Shares at the Purchase Price, and the terms of the sale will provide for the
          wire transfer of such Purchase Price by the Remarketing Agent to be received by the Tender and Paying Agent no later than 11:00 a.m., New York City time, on the related Purchase Date for payment to the Agent Member of the Beneficial Owner, in the
          case of an Optional Tender, or Holder, in the case of a Mandatory Tender, tendering VRDP Shares for sale through the Securities Depository in immediately available funds against delivery of the tendered VRDP Shares to the Tender and Paying Agent
          through the Securities Depository, the delivery of such VRDP Shares to the Tender and Paying Agent through the Securities Depository no later than 2:00 p.m., New York City time, on the related Purchase Date, and the re-delivery of such VRDP
          Shares by means of &#8220;FREE&#8221; delivery through the Securities Depository to the Remarketing Agent for delivery to the purchaser&#8217;s Agent Member through the Securities Depository by 3:00 p.m., New York City time, on the related Purchase Date.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 12 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Remarketing Agent acknowledges and agrees that, by 2:00 p.m., New York City time, on the Business Day immediately preceding each Purchase Date, the Remarketing Agent shall
          deliver a notice, in the form attached as Annex I hereto, to the Tender and Paying Agent and the Liquidity Provider (a &#8220;<font style="font-weight: bold;">Remarketing Notice</font>&#8221;), by Electronic Means, that sets forth the number of VRDP Shares,
          if any, that it successfully remarketed for purchase on such Purchase Date and the aggregate Purchase Price of such sold VRDP Shares and the number of VRDP Shares, if any, not successfully remarketed for purchase on such Purchase Date and the
          aggregate Purchase Price of such unsold VRDP Shares to be paid by the Liquidity Provider. If the Remarketing Notice states that the Remarketing Agent has not successfully remarketed all of the VRDP Shares to be purchased on such Purchase Date,
          the Tender and Paying Agent shall promptly, and in any event not later than 4:00 p.m., New York City time, on such Business Day, deliver by Electronic Means to the Liquidity Provider (with a copy to the Fund) a Preliminary Notice of Purchase
          that, subject to delivery of the Final Notice of Purchase on the Purchase Date described below, provides for the purchase by the Liquidity Provider of the number of such VRDP Shares that the Remarketing Agent stated in the Remarketing Notice as
          not having been successfully remarketed, including the aggregate Purchase Price of such VRDP Shares, as calculated by the Remarketing Agent. If the Remarketing Notice states that the Remarketing Agent has not successfully remarketed all of the
          VRDP Shares to be purchased on such Purchase Date (or if proceeds from a Remarketing of any tendered VRDP Shares have not been received for any reason by the Tender and Paying Agent by 11:00 a.m., New York City time, on the Purchase Date), the
          Tender and Paying Agent shall deliver by Electronic Means to the Liquidity Provider (with a copy to the Fund) by 12:00 noon, New York City time, on such Purchase Date a Final Notice of Purchase that states the number of VRDP Shares required to be
          purchased by the Liquidity Provider. For purposes of the Final Notice of Purchase, any tendered VRDP Shares for which proceeds from a Remarketing have not been received for any reason by the Tender and Paying Agent by 11:00 a.m., New York City
          time, on the Purchase Date (other than VRDP Shares owned by the Remarketing Agent or the Liquidity Provider and tendered for Remarketing), shall be treated as not having been successfully remarketed and will be required to be purchased by the
          Liquidity Provider. Except for manifest error, the payment obligation of the Liquidity Provider will equal the Purchase Price of the VRDP Shares, stated in the Final Notice of Purchase delivered to the Liquidity Provider, as being required to be
          purchased by the Liquidity Provider.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">With respect to the Remarketing Agent&#8217;s responsibilities, but without affecting the Tender and Paying Agent&#8217;s role as intermediary, the Remarketing Agent hereby agrees that it shall remarket
          tendered VRDP Shares only to Persons that also are registered investment companies under the 1940 Act (each, a &#8220;<font style="font-weight: bold;">RIC</font>&#8221;).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Notwithstanding the foregoing, the Remarketing Agent may, with the prior consent of the Fund, remarket to any Person that is not a RIC (a &#8220;<font style="font-weight: bold;">Non-RIC</font>&#8221;) VRDP
          Shares tendered by a Beneficial Owner or Holder (other than the Liquidity Provider and Remarketing Agent), only if the Remarketing Agent (i) accepts an actionable bid from the Non-RIC, (ii) purchases the tendered VRDP Shares from the Beneficial
          Owner or Holder thereof on the Purchase Date at the Purchase Price with the Remarketing Agent&#8217;s own funds on a riskless principal basis, (iii) resells such VRDP Shares to the Non-RIC making such actionable bid at the Purchase Price, and (iv)
          records such purchase and resale on its books and records in accordance with this provision (a &#8220;<font style="font-weight: bold;">Riskless Principal Transaction</font>&#8221;).</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 13 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">VRDP Shares owned by the Liquidity Provider or the Remarketing Agent other than in a Riskless Principal Transaction, which shall be subject to the requirements of the preceding paragraph, may be
          sold to Non-RICs through a Remarketing or otherwise with the prior consent of the Fund; provided that such prior consent shall not be required if such VRDP Shares are sold (i) to an affiliate of the Liquidity Provider or Remarketing Agent or (ii)
          in connection with a repurchase financing transaction. For purposes of the preceding sentence, the Fund&#8217;s prior consent shall not be unreasonably withheld or delayed with respect to sales to (1) a tender option bond trust (all of the investors in
          which are RICs, banks, insurance companies or any companies that are included in the S&amp;P 500 (or a direct or indirect wholly-owned subsidiary thereof)) or (2) to any bank, insurance company or any company that is included in the S&amp;P 500
          (or a direct or indirect wholly-owned subsidiary thereof); provided, that with respect to any other purchaser, any consent withheld by the Fund because of the identity of such purchaser shall not be deemed unreasonable.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as otherwise expressly provided for herein, the purchase and delivery of tendered VRDP Shares and their Remarketing will be accomplished in accordance with the applicable
          procedures of the Securities Depository.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At any time after the termination of the VRDP Shares Purchase Agreement (or with respect to a remarketing of VRDP Shares held by the Liquidity Provider as to which any then-effective
          Purchase Obligation by a successor liquidity provider is inapplicable), any VRDP Shares unsold in a Remarketing will be returned to the relevant tendering Beneficial Owners or their Agent Members, or the relevant tendering Holders, as the case
          may be, by the Tender and Paying Agent.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In connection with the allocation of VRDP Shares tendered for Remarketing, the Remarketing Agent shall allocate those VRDP Shares previously acquired by the Liquidity Provider
          pursuant to its Purchase Obligation first to any purchasers in a Remarketing (such allocation coming first from those VRDP Shares acquired earliest by the Liquidity Provider).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Remarketing Agent agrees that if, at any time, either Moody&#8217;s or Fitch or any Other Rating Agency shall not make available a rating for the VRDP Shares required for the
          Remarketing Agent to calculate any Maximum Rate, or if both Moody&#8217;s and Fitch shall not make available such a rating, the Fund shall select, with the prior written consent of the Liquidity Provider, one or more Other Rating Agencies for such
          purpose.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(k)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Remarketing Agent shall use commercially reasonable efforts to meet the timing requirements set forth above. Subject to Section 4(h) hereof, the Remarketing Agent may, in its sole
          discretion, modify the settlement procedures set forth above with respect to any Remarketing upon ten (10) days&#8217; prior written notice to the Fund, the Liquidity Provider and the Tender and Paying Agent, provided any such modification does not
          adversely affect the Holders, the Beneficial Owners, the Tender and Paying Agent, the Liquidity Provider or the Fund.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(l)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the Remarketing Agent in its sole discretion decides to purchase unsold VRDP Shares for its own account, on each Purchase Date, the Remarketing Agent will settle such purchase
          delivery against payment of the Purchase Price for such VRDP Shares to be received by the Tender and Paying Agent by 11:00 a.m., New York City time, on such Purchase Date. The Remarketing Agent is not obligated to purchase any VRDP Shares that
          would otherwise remain unsold in a Remarketing.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 14 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">(m)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; It is expressly understood and agreed by the parties hereto that VRDP Shares as to which the Remarketing Agent is the Beneficial Owner may be held by the Remarketing Agent for its own
          account or for the account of others, and may be remarketed or otherwise sold by the Remarketing Agent, subject to the restrictions on sales to Non-RICs set forth in Section 2(f). The Remarketing Agent may sell VRDP Shares for its own account
          outside of a Remarketing at a price other than the Purchase Price, subject to the restrictions on sales to Non-RICs set forth in Section 2(f).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(n)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Remarketing Agent shall remarket or otherwise offer and sell the VRDP Shares only to Persons that it reasonably believes are &#8220;qualified institutional buyers&#8221; within the meaning of
          Rule 144A under the Securities Act of 1933, as amended (the &#8220;<font style="font-weight: bold;">Securities Act</font>&#8221;), in transactions meeting the requirements of Rule 144A.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(o)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The provisions contained in the Statement of Preferences concerning Special Rate Periods and the notification of a Special Rate Period shall be followed by the Fund and, to the extent
          applicable, the Remarketing Agent, and the provisions contained therein are incorporated herein by reference in their entirety and shall be deemed to be a part of this Agreement to the same extent as if such provisions were set forth fully
          herein.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(p)&#160;&#160; &#160; &#160;&#160;&#160; Whenever the Fund intends to include any net capital gains or other ordinary income in any dividend on VRDP Shares, the Fund may notify the Remarketing Agent and Tender and Paying
          Agent of the amount to be so included (i) not later than 14 calendar days preceding the first Rate Determination Date on which the Applicable Rate for such dividend is to be established, and (ii) for any immediately following Rate Determination
          Date on which the Applicable Rate for such dividend is to be established, not later than the close of business on the immediately preceding Rate Determination Date. Whenever such advance notice is received from the Fund, the Tender and Paying
          Agent will notify each Holder within two Business Days of receipt by the Tender and Paying Agent of such notice and the Remarketing Agent shall promptly notify each potential Beneficial Owner or its Agent Member after receipt of such advance
          notice by the Remarketing Agent. With respect to a Rate Period for which such advance notice was given and whose dividends are comprised partly of such ordinary income or capital gains and partly of exempt-interest income, the different types of
          income will be paid in the same relative proportions for each day during the Rate Period.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(q)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Remarketing Agent acknowledges and agrees that, unless the Liquidity Provider notifies the Remarketing Agent of its intention to sell such VRDP Shares outside of a Remarketing
          pursuant to Section 2.03 of the Fee Agreement, any VRDP Shares held by the Liquidity Provider shall be deemed to have been tendered for Remarketing pursuant to an Optional Tender on each Business Day immediately following the acquisition of such
          VRDP Shares by the Liquidity Provider, and such notice shall be deemed to have been given in a timely manner.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 15 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">(r)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(i) The Fund and the Remarketing Agent agree that the Fund, with the prior written consent of the Liquidity Provider and after consultation with the Remarketing Agent, (A) may adjust
          the Applicable Percentage and the Applicable Spread upward (and, if previously adjusted upward, subsequently downward), provided, that, notwithstanding any provision to the contrary in this Agreement, immediately following any upward adjustment,
          the Maximum Rate is equal to or higher than the rates determined subsequent to such upward adjustment (<font style="font-style: italic;">i.e.</font>, the Maximum Rate shall be at least equal to the Maximum Rate determined with such upward
          adjustment) and the Fund would be in compliance with the Minimum VRDP Shares Asset Coverage and the VRDP Shares Basic Maintenance Amount in the Rating Agency Guidelines of the Rating Agency or Rating Agencies then rating the VRDP Shares at the
          request of the Fund and (B) in the event of Special Rate Periods of greater than 364 days, may adjust the Maximum Rate upward (and, if previously adjusted upward, subsequently downward), provided, that, notwithstanding any provision to the
          contrary in this Agreement, immediately following any upward adjustment, the Maximum Rate is equal to or higher than the rates determined subsequent to such upward adjustment (i.e., the Maximum Rate shall be at least equal to the Maximum Rate
          determined with such upward adjustment) and the Fund would be in compliance with the Minimum VRDP Shares Asset Coverage and the VRDP Shares Basic Maintenance Amount in the Rating Agency Guidelines of the Rating Agency or Rating Agencies then
          rating the VRDP Shares at the request of the Fund.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding any provision to the contrary in this Agreement, in no event shall the Maximum Rate exceed 15%; <u>provided</u>, <u>however</u>, that in the
          event the Fund has given notification prior to the Applicable Rate Determination for the Rate Period pursuant to the Statement of Preferences that any ordinary income or capital gains will be included in the dividend on VRDP Shares for that Rate
          Period, the Maximum Rate shall not exceed 15% divided by the quantity one (1) minus (i) the maximum marginal combined regular federal income tax rate (taking into account the federal income tax deductibility of state and local taxes paid or
          incurred) applicable to ordinary income or net capital gains (as applicable), each expressed as a decimal, or (ii) the maximum marginal combined regular federal corporate income tax rate (taking into account the federal income tax deductibility
          of state taxes paid or incurred) applicable to ordinary income or net capital gains (as applicable), each expressed as a decimal, whichever is greater and determined on a weighted average basis in respect of the relative amounts of ordinary
          income and net capital gains.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Upon each adjustment to the Applicable Percentage, the Applicable Spread or the Maximum Rate made in accordance with subsection (r)(i) above, the Remarketing Agent
          shall record promptly on Schedule I to this Agreement each such adjustment, if any, and thereupon provide copies of the updated Schedule I by Electronic Means to each of the Fund, the Liquidity Provider and the Tender and Paying Agent.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 3.&#160;&#160;&#160; &#160; &#160;&#160;&#160;&#160;&#160;&#160; <u>Terms Applicable During Current Special Rate Period</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">The terms set forth in this Section 3 shall be applicable during, and only during, the Current Special Rate Period and such terms shall supersede any other terms, provisions or obligations set
          forth in this Agreement during the Current Special Rate Period. This Section 3 shall have no force or effect after the last day of the Current Special Rate Period and shall be deemed deleted and removed from this Agreement in its entirety
          thereafter without any further action from the Fund or the Remarketing Agent.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 16 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Remarketing Agent shall not be required to establish the Applicable Rate, calculate the Maximum Rate or provide any notification thereof during the Current Special Rate Period.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160; &#160; &#160;&#160; During the period from (and including) March 31, 2021 to (but excluding) the day that is seven days prior to the end of the Current Special Rate Period, Section 5 of the Remarketing
          Agreement shall be amended by replacing the fee rate of 0.10% with a fee rate of 0.01%.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; During the period from (and including) March 31, 2021 to (but excluding) the day that is seven days prior to the end of the Current Special Rate Period, Section 8 of the Remarketing
          Agreement shall not be applicable with respect to the information required to be delivered to the Remarketing Agent.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except to the extent provided in the Current Notice of Special Rate Period, Section 2(q) of the Remarketing Agreement shall not be applicable during the Special Rate Period.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Beneficial Owners and Holders shall not have the right to tender their VRDP Shares for Remarketing pursuant to an Optional Tender during the Current Special Rate Period.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the Current Special Rate Period, there shall be no Mandatory Tender Events or Mandatory Tenders or any consequences or penalties as a result of there being no Mandatory Tender
          Events or Mandatory Tenders.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding Section 2(m) of the Remarketing Agreement, during the Current Special Rate Period, the Remarketing Agent shall not transfer or dispose of any VRDP Shares owned by the
          Remarketing Agent, except in accordance with Section 3.02 of Schedule III to the Fee Agreement, as if such Section 3.02 applied to the Remarketing Agent rather than Bank of America, N.A.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section 2(p) of the Remarketing Agreement shall have no effect during the Current Special Rate Period.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the Current Special Rate Period, whenever the Fund intends or expects to include any net capital gains or ordinary income taxable for regular federal income tax purposes in
          any dividend on VRDP Shares, the Fund shall notify the Tender and Paying Agent of the amount to be so included (i) not later than 14 calendar days preceding the first SRP Calculation Date on which the SRP Applicable Rate for such dividend is to
          be established and (ii) for any successive SRP Calculation Date on which the SRP Applicable Rate for such dividend is to be established, not later than the close of business on the immediately preceding SRP Calculation Date. Whenever such advance
          notice is received from the Fund, the Tender and Paying Agent will notify each Holder and each Beneficial Owner or its Agent Member identified to the Tender and Paying Agent. With respect to a Rate Period for which such advance notice was given
          and whose dividends are comprised partly of such ordinary income or capital gains and partly of exempt-interest income, the different types of income will be paid in the same relative proportions for each day during the SRP Calculation Period.
          Capitalized terms used but not defined in this Section 3(i) shall have the meanings given to such terms in the Current Notice of Special Rate Period.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 17 -</font></div>
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">(j)&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; During the Current Special Rate Period, notwithstanding Section 6(b)(i) or Section 9(b)(i), the Remarketing Agent may not have the right to resign or terminate the Remarketing
          Agreement as a result of the withdrawal of the VRDP Shares&#8217; short-term preferred shares ratings by a Rating Agency, and there shall be no other consequences, penalties or notices thereof with respect to such withdrawal.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(k)&#160;&#160;&#160;&#160;&#160; &#160; &#160; During the Current Special Rate Period, the terms and provisions of the Current Notice of Special Rate Period shall be deemed a part of the Statement of Preferences.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(l)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; In the event of any conflict between the terms of the Current Notice of Special Rate Period and the terms of the Remarketing Agreement (as amended by any amendments thereto) or the
          Related Documents (as amended by any amendments thereto), the terms of the Current Notice of Special Rate Period shall govern.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 4.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <u>Representations, Warranties and Covenants of the Remarketing Agent and the Fund</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Remarketing Agent hereby represents and warrants to, and agrees with, the Fund and the Liquidity Provider that it shall, subject to Section 2(m), remarket or otherwise offer and
          sell the VRDP Shares only to Persons that it reasonably believes are &#8220;qualified institutional buyers&#8221; within the meaning of Rule 144A under the Securities Act in transactions meeting the requirements of Rule 144A and in accordance with the
          information set forth in Schedule II herein.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Remarketing Agent hereby represents and warrants to, and agrees with, the Fund and the Liquidity Provider in connection with each Remarketing that no form of general solicitation
          or general advertising (within the meaning of Regulation D under the Securities Act) has been or will be used by the Remarketing Agent or any of its representatives in connection with a Remarketing of VRDP Shares, including, but not limited to,
          articles, notices or other communications published in any newspaper, magazine or similar medium or broadcast over television or radio, or any seminar or meeting whose attendees have been invited by any general solicitation or general
          advertising.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund represents and warrants to, and agrees with, the Remarketing Agent and the Liquidity Provider that the VRDP Shares are not of the same class (within the meaning of Rule 144A
          under the Securities Act) as securities which are listed on a national securities exchange registered under Section 6 of the Securities Exchange Act of 1934, as amended (the &#8220;<font style="font-weight: bold;">Exchange Act</font>&#8221;), or quoted in a
          U.S. automated inter-dealer quotation system.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Fund represents and warrants to, and agrees with, the Remarketing Agent and the Liquidity Provider as of the date hereof, and as of each Purchase Date, that (i) the Fund has made
          all the filings with the United States Securities and Exchange Commission (the &#8220;<font style="font-weight: bold;">Commission</font>&#8221;) that are required to be made under the 1940 Act, and the rules and regulations thereunder (the &#8220;<font style="font-weight: bold;">1940 Act Regulations</font>&#8221;) (collectively, the &#8220;<font style="font-weight: bold;">1940 Act Documents</font>&#8221;), (ii) each 1940 Act Document complies in all material respects with the requirements of the 1940 Act and
          the 1940 Act Regulations, and each 1940 Act Document did not at the time of filing with the Commission include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the
          statements therein, in light of the circumstances under which they were made, not misleading and (iii) as of each Rate Determination Date after the date hereof, the applicable Remarketing Materials (as defined in Section 8), as amended or
          supplemented, including any subsequently filed 1940 Act Document on or prior to such Purchase Date (or, if applicable, by any document filed pursuant to the Securities Act and the rules and regulations thereunder), except for any Liquidity
          Provider Information (as defined in Section 10), will not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the
          circumstances under which they were made, not misleading.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 18 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Fund represents, warrants and covenants with the Remarketing Agent and the Liquidity Provider that (i) neither it nor any Person acting on its behalf has or will directly or
          indirectly, make offers or sales of any security (as defined in the Securities Act) under circumstances that would require the registration of the VRDP Shares under the Securities Act, (ii) it shall not, and shall not permit its affiliates (as
          defined in Rule 501(b) under the Securities Act) to, make any offer or sale of securities of the Fund of any class if, as a result of the doctrine of &#8220;integration&#8221; referred to in Rule 502 under the Securities Act, such offer or sale would, with
          respect to the VRDP Shares, render invalid the exemption from the registration requirements of the Securities Act provided by Section 4(2) thereof or by Rule 144A thereunder or otherwise, and (iii) if at any time the Fund is not furnishing
          information to the Commission pursuant to the 1940 Act and/or the 1940 Act Regulations to satisfy its filing requirements pursuant to Section 13 or 15(d) of the Exchange Act, in order to preserve the exemption for resales and transfers under Rule
          144A, the Fund shall furnish, or cause to be furnished, to holders of VRDP Shares and prospective purchasers of VRDP Shares, upon request and for the benefit of holders from time to time of VRDP Shares, information with respect to the Fund
          satisfying the requirements of subsection (d)(4) of Rule 144A.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; It is expressly understood and agreed by the parties hereto that the Remarketing Agent&#8217;s obligation to remarket VRDP Shares shall extend to and include any VRDP Shares tendered by the
          Liquidity Provider as the Beneficial Owner (whether the Liquidity Provider acquired such VRDP Shares pursuant to its Purchase Obligation under the VRDP Shares Purchase Agreement or otherwise).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Remarketing Agent acknowledges and agrees to perform its duties and obligations under the VRDP Purchase Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Without the prior written consent of the Liquidity Provider (such consent not to be unreasonably withheld), the Remarketing Agent shall not modify the settlement procedures as set
          forth in Section 2 of Part II of the Statement of Preferences as described in Section 2(f) thereof insofar as they affect settlement with the Liquidity Provider.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 19 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">Section 5.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <u>Fees and Expenses</u>. For the performance of its services as Remarketing Agent hereunder, the Fund shall, except during the Current Special Rate Period, pay to the
          Remarketing Agent in arrears on the first day of each calendar month (or, if such day is not a Business Day, on the next succeeding Business Day) a monthly fee for each VRDP Share Outstanding on the first calendar day of the immediately preceding
          calendar month, in an amount, equal to (a) the product of (i) 0.10% times $100,000 multiplied by (ii) the actual number of days from and including such first calendar day of the immediately preceding calendar month to and including the last
          calendar day of such immediately preceding month or, if applicable, the date of any prior redemption or liquidation for such VRDP Share (as the case may be) divided by (b) 365. If the Effective Date occurs on a day other than the first day of a
          month, the fee for the period from and including the Effective Date, to and including the last day of such month shall be paid on the fifteenth (15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) of the
          following month, provided that the day count for such fee calculation pursuant to clause (a)(ii) of the immediately preceding sentence for such payment on the fifteenth (15<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>)
          of the following month shall be the number of days included in the period described in the first part of this sentence and the fee shall be calculated in respect of each VRDP Share Outstanding on the Effective Date instead of the first calendar
          day of the immediately preceding month.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">The Fund will pay all reasonable expenses of delivering remarketed VRDP Shares and reimburse the Remarketing Agent for all reasonable direct out of pocket expenses incurred by it as Remarketing
          Agent, including reasonable counsel fees and disbursements.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 6.&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; <u>Resignation, Suspension and Removal of the Remarketing Agent</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Remarketing Agent may resign and be discharged from its duties and obligations hereunder with respect to the VRDP Shares by giving 90 days&#8217; prior written notice to the Fund, the
          Securities Depository, the Tender and Paying Agent and the Liquidity Provider pursuant to Section 25 of this Agreement and by Electronic Means.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In addition to being able to resign pursuant to the provisions of Section 6(a) hereof or terminate the Remarketing Agreement pursuant to the provisions of Section 11(b) hereof, the
          Remarketing Agent may terminate the Remarketing Agreement with respect to the VRDP Shares or may resign with respect to the VRDP Shares by giving notice in writing to the Fund, the Liquidity Provider, the Securities Depository and the Tender and
          Paying Agent pursuant to Section 25 of this Agreement and by Electronic Means, if any of the following events has occurred and has not been cured prior to the proposed date of such termination or resignation (in the case of (iv), (v), (vi), (vii)
          or (viii) below, for a period of 30 days after the Remarketing Agent has given notice thereof to the Fund and the Liquidity Provider specifying the condition or event): (i) the rating of such VRDP Shares shall have been downgraded or withdrawn by
          an NRSRO, the effect of which, in the reasonable opinion of the Remarketing Agent, is to affect materially and adversely the market price of such VRDP Shares or the ability of the Remarketing Agent to remarket such VRDP Shares; (ii) all of the
          VRDP Shares shall have been redeemed and redemption proceeds have been paid to the relevant Holders; (iii) without the prior written consent of the Remarketing Agent, the Statement of Preferences, the Agreement and Declaration of Trust or the
          Tender and Paying Agent Agreement shall have been amended in any manner that, in the reasonable opinion of the Remarketing Agent, materially and adversely changes the nature of such VRDP Shares or the remarketing procedures; (iv) legislation, or
          a decision by a court of the United States shall be rendered, or stop order, ruling, regulation or official statement by, or on behalf of, the Commission or other governmental agency having jurisdiction of the subject matter shall be made, to the
          effect that the offering or sale of the VRDP Shares is or would be in violation of any provision of the Securities Act as then in effect, or the Exchange Act as then in effect, or with the purpose or effect of otherwise prohibiting the offering
          or sale of the VRDP Shares, as contemplated hereby, without registration under the Securities Act; (v) any legislation, resolution, ordinance, rule or regulation shall be enacted by, any governmental body, department or agency of the United
          States or the State of New York, or a decision by any court of competent jurisdiction within the United States or the State of New York shall be rendered, which, in the Remarketing Agent&#8217;s reasonable opinion, materially adversely affects the
          marketability of the VRDP Shares; (vi) additional material restrictions not in force as of the date hereof shall have been imposed upon trading in securities generally by any governmental authority or by any national securities exchange, which,
          in the Remarketing Agent&#8217;s reasonable opinion, materially adversely affects the marketability of the VRDP Shares; (vii) any litigation shall be instituted, pending or threatened to restrain or enjoin the sale or remarketing of the VRDP Shares or
          in any way protesting or affecting any authority for or the validity of the VRDP Shares or this Agreement, or the existence or powers of the Fund or the Liquidity Provider to perform, as applicable, its obligations hereunder or under the VRDP
          Shares Purchase Agreement; or (viii) there is any material adverse change in the affairs of the Fund or the Liquidity Provider, which in the sole judgment of the Remarketing Agent, makes it impractical or inadvisable to proceed with the
          remarketing of the VRDP Shares as contemplated by this Agreement. Notwithstanding the foregoing, so long as the Purchase Obligation is in effect, following notice of a Mandatory Tender Event, the Remarketing Agent may not terminate the
          Remarketing Agreement or resign until after the purchase of the VRDP Shares required to be made on the related Purchase Date.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 20 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund, with the prior written consent of the Liquidity Provider, may remove the Remarketing Agent with respect to the VRDP Shares by giving at least 60 days&#8217; prior written notice
          to the Remarketing Agent, the Tender and Paying Agent, if any, and the Liquidity Provider; <u>provided</u>, <u>however</u>, that no such removal shall become effective for an additional 30 days unless the Fund shall have appointed, with the
          prior written consent of the Liquidity Provider (such consent not to be unreasonably withheld), at least one nationally recognized securities dealer with experience in remarketing variable rate securities as a successor Remarketing Agent for the
          VRDP Shares and the successor Remarketing Agent shall have entered into a remarketing agreement with the Fund, in form and substance satisfactory to the Fund and the Liquidity Provider, in which it shall have agreed to, among other duties,
          conduct Remarketings in respect of VRDP Shares and determine the Applicable Rate on each Rate Determination Date for the VRDP Shares in accordance with the terms and conditions of the Statement of Preferences; provided, further, however, that if
          the Liquidity Provider is an affiliate of the Remarketing Agent, the Remarketing Agent may not be removed unless the Liquidity Provider consents to such removal or the successor Remarketing Agent agrees to purchase any VRDP Shares owned by the
          Remarketing Agent as of the effective date of such removal at a purchase price equal to the Liquidation Preference thereof plus accumulated but unpaid dividends thereon (whether or not earned or declared) to the effective date of such removal.</div>
        <div>&#160;</div>
        <div style="text-align: justify;">In each of the occurrences described in clause (a), (b) or (c), the Fund shall use its best efforts to appoint a successor Remarketing Agent for such VRDP Shares and enter into a remarketing agreement with such
          person as soon as reasonably practicable.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 7.&#160;&#160;&#160;&#160;&#160; &#160; &#160; &#160;&#160; <u>Dealing in the VRDP Shares</u>. (a) The Remarketing Agent in its sole discretion may purchase for its own account VRDP Shares in a Remarketing; however, the Remarketing
          Agent shall not be obligated to purchase any VRDP Shares that would otherwise remain unsold in a Remarketing. None of the Fund, the Tender and Paying Agent nor the Remarketing Agent shall be obligated in any case to provide funds to make payment
          to a Beneficial Owner or its Agent Member upon such Beneficial Owner&#8217;s tender of its VRDP Shares in a Remarketing unless, in each case, such VRDP Shares were acquired for the account of the Fund, the Tender and Paying Agent or the Remarketing
          Agent. The Remarketing Agent may exercise any vote or join in any action which any Holder of VRDP Shares may be entitled to exercise or take pursuant to the Statement of Preferences with like effect as if it did not act in any capacity hereunder.
          The Remarketing Agent, in its individual capacity, either as principal or agent, may also engage in or have an interest in any financial or other transaction with the Fund as freely as if it did not act in any capacity hereunder.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 21 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Fund acknowledges and agrees, whether or not the Remarketing Agent or any affiliate thereof has advised or is currently advising the Fund on other matters, that in connection with
          the remarketing of the VRDP Shares and any other duties or obligations of the Remarketing Agent pursuant to and/or as set forth in this Agreement: (a) the Remarketing Agent is not an advisor (including, without limitation, a Municipal Advisor (as
          such term is defined in Section 975(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act), an &#8220;advisor&#8221;) of, and owes no fiduciary duty to, the Fund or any other person, (b) the Remarketing Agent&#8217;s duties and obligations to the
          Fund shall be limited to those contractual duties and obligations expressly set forth in this Agreement and the Statement of Preferences, and (c) the Fund has consulted with those independent legal, financial and any other advisors to the extent
          it deemed appropriate in connection with any questions or other issues it might have relating to the remarketing of the VRDP Shares.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Information</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160; &#160; &#160; The Fund agrees to furnish to the Remarketing Agent and the Liquidity Provider: (i) copies of the Statement of Preferences and its bylaws and any amendment thereto and each report or
          other document mailed or made available to Holders (including annual reports to shareholders) or filed by the Fund with the Commission (including any documents incorporated therein by reference); (ii) notice of the creation of any subsidiary by
          the Fund; (iii) notice of the purchase of VRDP Shares by a subsidiary or affiliate of the Fund as soon as the Fund shall become aware of such purchase; (iv) notice of the occurrence of any of the events set forth in clause (b)(i), (b)(ii) or
          (b)(iii) of Section 9 hereof; and (v) in connection with a Remarketing, the Remarketing Memorandum and such other publicly available remarketing information as the Remarketing Agent may reasonably request from time to time, including but not
          limited to the financial condition of the Fund. The Fund agrees to provide the Remarketing Agent with as many copies of the foregoing materials and publicly available information as the Remarketing Agent may reasonably request for use in
          connection with any Remarketing of VRDP Shares and consents to the use thereof for such purpose.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; If at any time during the term of this Agreement any event or condition known to the Fund relating to or affecting the Fund or the VRDP Shares shall occur which causes any of the
          Remarketing Materials (other than the Liquidity Provider Information) or any other materials or information made publicly available by the Fund to include an untrue statement of a material fact or omit to state a material fact required to be
          stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, the Fund shall promptly notify the Remarketing Agent in writing of the circumstances and details of
          such event or condition and the Fund shall promptly prepare or cause to be prepared and delivered to the Remarketing Agent, at the Fund&#8217;s expense, a supplement or amendment to the Remarketing Materials describing the circumstances and details of
          such event or condition.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 22 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">Section 9.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <u>Conditions to Obligations of the Remarketing Agent</u>. The obligations of the Remarketing Agent with respect to VRDP Shares under this Agreement have been undertaken in
          reliance on, and shall be subject to: (a) the due performance in all material respects by the Fund of its obligations and agreements as set forth in this Agreement (including Sections 4(d) and 8(b) hereof); and (b) the non-occurrence of any of
          the following events: (i) the rating of the VRDP Shares shall have been downgraded or withdrawn by an NRSRO after the date hereof, the effect of which, in the reasonable opinion of the Remarketing Agent, is to affect materially and adversely the
          market price of the VRDP Shares or the Remarketing Agent&#8217;s ability to remarket the VRDP Shares; (ii) all of the VRDP Shares shall have been redeemed by the Fund and redemption proceeds have been paid to the relevant Holders; or (iii) without the
          prior written consent of the Remarketing Agent, the Statement of Preferences, the Agreement and Declaration of Trust, or the Tender and Paying Agent Agreement, shall have been amended in any manner that in the reasonable opinion of the
          Remarketing Agent materially and adversely changes the nature of the VRDP Shares or the remarketing procedures; (iv) legislation, or a decision by a court of the United States shall be rendered, or stop order, ruling, regulation or official
          statement by, or on behalf of, the Commission or other governmental agency having jurisdiction of the subject matter shall be made, to the effect that the offering or sale of the VRDP Shares is or would be in violation of any provision of the
          Securities Act as then in effect, or the Exchange Act as then in effect, or with the purpose or effect of otherwise prohibiting the offering or sale of the VRDP Shares, as contemplated hereby, without registration under the Securities Act; (v)
          any legislation, resolution, ordinance, rule or regulation shall be enacted by, any governmental body, department or agency of the United States or the State of New York, or a decision by any court of competent jurisdiction within the United
          States or the State of New York shall be rendered, which, in the Remarketing Agent&#8217;s reasonable opinion, materially adversely affects the marketability of the VRDP Shares; (vi) additional material restrictions not in force as of the date hereof
          shall have been imposed upon trading in securities generally by any governmental authority or by any national securities exchange, which, in the Remarketing Agent&#8217;s reasonable opinion materially adversely affects the marketability of the VRDP
          Shares; (vii) any litigation shall be instituted, pending or threatened, to restrain or enjoin the sale or remarketing of the VRDP Shares or in any way protesting or affecting any authority for or the validity of the VRDP Shares or this
          Agreement, or the existence or powers of the Fund or the Liquidity Provider to perform, as applicable, its obligations hereunder or under the VRDP Shares Purchase Agreement; or (viii) there is any material adverse change in the affairs of the
          Fund or the Liquidity Provider, which in the sole judgment of the Remarketing Agent, makes it impractical or inadvisable to proceed with the remarketing of the VRDP Shares as contemplated by this Agreement. In the event of the failure of any such
          conditions with respect to VRDP Shares, the Remarketing Agent may terminate its obligations under this Agreement with respect to VRDP Shares as provided in Section 11(b). Notwithstanding the foregoing, so long as the Purchase Obligation is in
          effect, following notice of a Mandatory Tender Event, the foregoing conditions shall not apply and the Remarketing Agent may not terminate this Agreement or resign until after the purchase of the VRDP Shares required to be made on the related
          Purchase Date.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 23 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">Section 10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Indemnification</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fund agrees to indemnify and hold harmless the Remarketing Agent and the Liquidity Provider and its respective officers, directors and employees (collectively, the &#8220;<font style="font-weight: bold;">Indemnified Persons</font>&#8221; and individually, an &#8220;<font style="font-weight: bold;">Indemnified Person</font>&#8221;) from and against any losses, claims, damages or liabilities to which any Indemnified Person may become
          subject insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in any of the Remarketing Materials or
          the Remarketing Memorandum or the omission or alleged omission to state therein a material fact necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading (except with respect to the
          Liquidity Provider Information, or information provided by the Remarketing Agent specifically for use therein), or arise out of, or are based upon, any violation by the Fund of, or any failure by the Fund to perform, any of its obligations under,
          this Agreement. The Fund agrees to promptly reimburse each Indemnified Person for any legal or other expenses reasonably incurred by such Indemnified Person in investigating, defending or preparing to defend any such action or claim; <u>provided,


            however,</u> that the Fund shall not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of the use by the Remarketing Agent of any information that is not contained in the Remarketing Materials.
          The indemnity agreement in this paragraph shall be in addition to any liability or obligation which the Fund may otherwise have to any Indemnified Person and shall extend upon the same terms and conditions to each person, if any, who controls the
          Remarketing Agent within the meaning of the Exchange Act. &#8220;Liquidity Provider Information&#8221; shall mean any information in the Remarketing Materials under the caption &#8220;Liquidity Provider&#8221;, which in each case has been furnished in writing by the
          Liquidity Provider or its affiliates for inclusion therein (including without limitation through incorporation by reference).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Fund agrees to indemnify and hold harmless the Indemnified Persons from and against every loss, liability or expense, including without limitation, damages, fines, suits, actions,
          demands, costs, out-of-pocket expenses, and reasonable legal fees and expenses (collectively, &#8220;<font style="font-weight: bold;">Losses</font>&#8221;), that may be imposed on, incurred by, or asserted against, any Indemnified Person for or in respect of
          its (1) execution and delivery of this Agreement, (2) compliance or attempted compliance with or reliance upon any instruction or other direction upon which the Remarketing Agent is authorized to rely pursuant to the terms of this Agreement and
          (3) performance under this Agreement, except to the extent that the Loss resulted from such Indemnified Person&#8217;s gross negligence, willful misconduct, bad faith, violations of law, violations of the terms and conditions of this Agreement or the
          failure of the Remarketing Agent to have the authority to execute, deliver or perform this Agreement. For the avoidance of doubt, the Fund agrees to indemnify and hold harmless the Indemnified Persons from and against any and all Losses that may
          be imposed on, incurred by, or asserted against, any Indemnified Person for or in respect of the failure of the Remarketing Agent to deliver Remarketing Materials during the course of a Remarketing, if such failure is due to the failure by the
          Fund to provide to the Remarketing Agent such Remarketing Materials for delivery (regardless of whether the Remarketing Agent has requested such Remarketing Materials), notwithstanding that such failure by the Remarketing Agent to deliver
          Remarketing Materials during the course of a Remarketing could be deemed a violation of law by an Indemnified Person. The indemnity agreement in this paragraph shall be in addition to any liability or obligation which the Fund may otherwise have
          to any Indemnified Person and shall extend upon the same terms and conditions to each person, if any, who controls any Indemnified Person within the meaning of the Exchange Act.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each Indemnified Person shall give notice as promptly as reasonably practicable to the Fund (the &#8220;<font style="font-weight: bold;">Indemnifying Person</font>&#8221;) of any action
          commenced against it in respect of which indemnity may be sought hereunder, but failure to so notify the Indemnifying Persons shall not relieve the Indemnifying Person from any liability which it may have otherwise than on account of this
          indemnity agreement. No settlement or compromise of any such action shall be made without the consent of the Indemnifying Person, which consent shall not be unreasonably withheld.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 24 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In case any such action is brought against any Indemnified Person, and it notifies the Indemnifying Person from which it seeks indemnification of the commencement thereof, the
          Indemnifying Person will be entitled to participate in, and, to the extent that it may wish, jointly with any other Indemnifying Person, similarly notified, to assume the defense thereof so long as its interests are not adverse to those of the
          Indemnified Person, with counsel reasonably satisfactory to such Indemnified Person, and after notice from the Indemnifying Person to such Indemnified Person of its election to assume the defense thereof, the Indemnifying Person will not be
          liable to such Indemnified Person under this Section 10 for any legal or other expenses subsequently incurred by such Indemnified Person in connection with the defense thereof other than reasonable costs of investigation. Upon assumption by the
          Indemnifying Person of the defense of any such action or proceeding, the Indemnified Person shall have the right to participate in such action or proceeding and to retain its own counsel but the Indemnifying Person shall not be liable for any
          legal expenses of other counsel subsequently incurred by such Indemnified Person in connection with the defense thereof unless (i) the Indemnifying Person has agreed to pay such fees and expenses, (ii) the Indemnifying Person shall have failed to
          employ counsel reasonably satisfactory to the Indemnified Person in a timely manner, or (iii) the Indemnified Person shall have been advised by counsel that there are actual or potential conflicting interests between the Indemnifying Person and
          the Indemnified Person, including situations in which there are one or more legal defenses available to the Indemnified Person that are different from or additional to those available to the Fund. If the Indemnifying Person elects not to assume
          the defense of any such suit, it will reimburse the Indemnified Persons for the reasonable fees and expenses of any counsel retained by them. In the event that the parties to any such action (including impleaded parties) include the Indemnifying
          Person and one or more Indemnified Persons, and one or more Indemnified Persons shall have been advised by counsel reasonably satisfactory to the Indemnifying Person that there may be one or more legal defenses available to any of the Indemnified
          Persons, which are different from, additional to, or in conflict with those available to the Indemnifying Person, the Indemnifying Person will reimburse the Indemnified Persons for the reasonable fees and expenses of any counsel retained by the
          Indemnified Persons (it being understood that the Indemnifying Person shall not, in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances,
          be liable for the reasonable fees and expenses of more than one separate firm of attorneys (plus local counsel) for all Indemnified Persons, which firm shall be designated by the Indemnified Persons, the Remarketing Agent or the Indemnifying
          Person, as the case may be). The Indemnifying Person agrees promptly to notify each Indemnified Person of the commencement of any litigation or proceedings against it in connection with the remarketing of the VRDP Shares. The Indemnifying Person
          shall not consent to the terms of any compromise or settlement of any action against an Indemnified Person and defended by the Indemnifying Person in accordance with the foregoing without the prior consent of the Indemnified Person. The
          Indemnifying Person shall not be liable under this Section 10 for the amount of any compromise or settlement of any action unless such compromise or settlement has been approved in writing by the Indemnifying Person, which approval shall not be
          unreasonably withheld.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 25 -</font></div>
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the indemnification provided for in subparagraph (a) of this Section 10 is unavailable, because of limitations imposed by securities laws or for any other reason, to a party that
          would otherwise have been an Indemnified Person under subparagraph (a) above in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then the party that would have been an Indemnifying Person
          thereunder shall, in lieu of indemnifying such Indemnified Person, contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion
          so that the Remarketing Agent is responsible for that portion represented by the percentage that the Remarketing Agent&#8217;s fee (calculated for a one year period) with respect to the relevant remarketing bears to the aggregate principal amount of
          the VRDP Shares being remarketed but will not exceed the amount of such fee (calculated for a one year period) and the Fund is responsible for the balance; <u>provided</u>, <u>however</u>, that no person guilty of fraudulent misrepresentation
          within the meaning of Section 11(f) of the Securities Act shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation within the meaning of Section 11(f) of the Securities Act. The amount paid or
          payable by an Indemnified Person as a result of the losses, claims, damages or liabilities (or actions in respect thereon referred to above in this subparagraph (e)) shall be deemed to include any legal or other expenses reasonably incurred by
          such Indemnified Person in connection with investigating or defending any such action or claims (which shall be limited as provided in this subparagraph (f) above if the Indemnifying Person has assumed the defense of any such action in accordance
          with the provisions thereof).</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(f)&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; No person shall be entitled to indemnification or contribution under this Agreement against any loss, claim, liability, expense or damage arising by reason of such person&#8217;s willful
          misfeasance, bad faith or gross negligence in the performance of its duties hereunder.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(g)&#160;&#160;&#160;&#160;&#160; &#160;&#160; The indemnity agreements contained in clauses (a), (b) and (c) of this Section 10 shall remain operative and in full force and effect, regardless of any investigation made by or on
          behalf of the Remarketing Agent, and shall survive the termination or cancellation of this Agreement and the remarketing of any VRDP Shares hereunder.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The parties hereto acknowledge and agree that funds paid by the Liquidity Provider pursuant to the VRDP Shares Purchase Agreement are not subject to claims for indemnification made
          against the Fund under Section 10(a) or 10(b) of this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 11.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <u>Termination of VRDP Shares Remarketing Agreement</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;This Agreement shall terminate as to the Remarketing Agent and its obligations hereunder with respect to VRDP Shares on the effective date of the resignation or removal of such
          Remarketing Agent pursuant to Section 6(a) and Section 6(b), respectively.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In addition, the Remarketing Agent may terminate this Agreement and all of its obligations hereunder with respect to VRDP Shares, by notifying the Fund, the Liquidity Provider and
          the Tender and Paying Agent of its election to do so, if any of the conditions referred to or set forth in Section 9 hereof with respect to VRDP Shares have not been met or satisfied in full and such failure shall have continued for a period of
          30 days after such Remarketing Agent has given notice thereof to the Fund specifying the condition which has not been met and requiring it to be met; <u>provided</u>, <u>however</u>, that, subject to the last sentence of Section 9, termination
          of this Agreement with respect to VRDP Shares by the Remarketing Agent after giving the required notices with respect to VRDP Shares shall be immediate in the event of the occurrence and continuation of any event set forth in Section 9(b)(i),
          (ii) or (iii) hereof with respect to VRDP Shares.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 26 -</font></div>
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160; Upon termination of this Agreement, the Remarketing Agent, at the request of the Fund and at the expense of the Fund, shall use commercially reasonable efforts, subject to
          confidentiality restrictions, to deliver to the Fund or any person designated by the Fund information maintained by it with respect to the VRDP Shares in connection with its duties hereunder.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Remarketing Agent&#8217;s Performance; Duty of Care</u>.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The duties and obligations of the Remarketing Agent shall be determined solely by the express provisions of this Agreement and the Statement of Preferences. No implied covenants or
          obligations shall be read into this Agreement, or the Statement of Preferences. In the absence of bad faith on the part of the Remarketing Agent, the Remarketing Agent may conclusively rely upon any document furnished to it, which purports to
          conform to the requirements of this Agreement and the Statement of Preferences, as to the truth of the statements expressed in any of such documents. The Remarketing Agent shall be protected in acting upon any document or communication reasonably
          believed by it to have been signed, presented or made by the proper party or parties. The Remarketing Agent shall incur no liability to the Fund, the Fund&#8217;s investment adviser (the &#8220;<font style="font-weight: bold;">Adviser</font>&#8221;), the Liquidity
          Provider, the Tender and Paying Agent or to any Beneficial Owner (or its Agent Member) or any Holder of the VRDP Shares in its individual capacity or as Remarketing Agent for any action or failure to act, in connection with its duties under this
          Agreement and the Statement of Preferences or otherwise, except as a result of its bad faith, gross negligence or willful misconduct on its part.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Remarketing Agent shall not be responsible or liable for any failure or delay in the performance of its obligations under this Agreement arising out or caused by the failure of
          any other party (other than an affiliate of the Remarketing Agent) to provide any notice, statement or document required to be delivered pursuant to any Related Document in connection with performance by the Remarketing Agent of the relevant
          obligation.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 13.&#160;&#160;&#160; &#160;&#160; &#160;&#160; <u>Amendment, Supplement or Modification of Agreements</u>. Without the prior written consent of the Remarketing Agent (except in the case of an Initial Special Rate
          Period), the Fund will not agree or consent to any amendment, supplement or modification of the VRDP Shares Purchase Agreement, the Fee Agreement, the Tender and Paying Agent Agreement, this Agreement or the Statement of Preferences, nor waive
          any provision thereof, if such amendment, supplement, modification or waiver would materially adversely affect the interests of the Remarketing Agent, in the Remarketing Agent&#8217;s sole discretion; provided, that, for purposes of this Section 13,
          any changes or amendments to the rating agency criteria provided in the Statement of Preferences for the VRDP Shares shall not be deemed to materially adversely affect the interests of the Remarketing Agent if immediately following such changes
          or amendments the VRDP Shares continue to be rated in the highest preferred stock ratings category by at least one NRSRO.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 14.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <u>Books and Records</u>. The Remarketing Agent shall keep such books and records with respect to the performance of its duties hereunder as shall be consistent with prudent
          industry practice and shall, to the extent permitted by law, make such books and records available for inspection by the Fund and the Liquidity Provider on reasonable notice during normal business hours. Any costs and expenses associated with
          such inspections shall be for the account of the party requesting such inspection.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 27 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">Section 15.&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160; <u>Governing Law</u>. This Agreement shall be construed in accordance with and governed by the laws of the State of New York, without regard to conflicts of laws principles
          that would require the application of the laws of another jurisdiction.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">THE PARTIES HERETO HEREBY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE FEDERAL AND NEW YORK STATE COURTS LOCATED IN THE CITY OF NEW YORK AND ANY APPELLATE COURT FROM ANY THEREOF IN CONNECTION
          WITH ANY DISPUTE RELATED TO THIS AGREEMENT OR ANY MATTERS CONTEMPLATED HEREBY.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
          manner provided by law.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">The Fund, the Remarketing Agent, the Liquidity Provider and the Adviser each hereby irrevocably and unconditionally waive, to the fullest extent it may legally and effectively do so, any
          objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to the Related Documents in any court referred to in the preceding paragraph of this Section. Each of the parties
          hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 16.&#160;&#160;&#160;&#160;&#160;&#160; &#160; <u>Waiver of Jury Trial</u>. The Fund and the Remarketing Agent hereby waive trial by jury in any action, proceeding or counterclaim brought by any of the parties hereto
          against the other on any matters whatsoever arising out of or in any way connected with this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 17.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <u>Term of Agreement</u>. Unless otherwise terminated in accordance with the provisions hereof, this Agreement shall remain in full force and effect from the date hereof
          with respect to the VRDP Shares until the first day thereafter on which no such VRDP Shares are outstanding. Regardless of any termination of this Agreement pursuant to any of the provisions hereof, the obligations of the Fund pursuant to
          Sections 4, 5 and 10 hereof and of the Remarketing Agent pursuant to Section 10 hereof shall remain operative and in full force and effect until fully satisfied.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 18.&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <u>Successors and Assigns</u>. The rights and obligations of the Fund hereunder may not be assigned or delegated to any other person without the prior written consent of the
          Remarketing Agent and the Liquidity Provider. The rights and obligations of the Remarketing Agent hereunder may not be assigned or delegated to any other person without the prior written consent of the Fund and the Liquidity Provider. This
          Agreement shall inure to the benefit of and be binding upon the Fund and the Remarketing Agent and their respective permitted successors and assigns, and, subject to Section 24, will not confer any benefit upon any other person, partnership,
          association or corporation other than persons, if any, controlling any Remarketing Agent within the meaning of Section 15 of the Securities Act, or Section 20 of the Exchange Act, or any Indemnified Person to the extent provided in Section 10
          hereof. As used in this Section 18, the terms &#8220;successors&#8221; and &#8220;assigns&#8221; shall not include any purchaser of VRDP Shares merely because of such purchase.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 28 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">Section 19.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <u>Headings</u>. The section headings herein are for convenience of reference only, and it is agreed that such section headings are not a part of this Agreement and will
          not be used in the interpretation of any provisions of this Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 20.&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160; <u>Severability</u>. If any provision of this Agreement shall be held or deemed to be or shall, in fact, be invalid, inoperative or unenforceable as applied in any
          particular case in any or all jurisdiction or jurisdictions, because it conflicts with any provision of any constitution, statute, rule of public policy, or for any other reason, such circumstances shall not have the effect of rendering the
          provision in question invalid, inoperative or unenforceable in any other case, circumstance or jurisdiction, or of rendering any other provision or provisions of this Agreement invalid, inoperative or unenforceable to any extent whatsoever.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 21.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <u>Counterparts</u>. This Agreement may be executed in several counterparts, each of which shall be regarded as an original and all of which shall constitute one and the
          same document.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 22.&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <u>Remarketing Agent Not Acting as Underwriter</u>. It is understood and agreed by the parties hereto that the only obligations of the Remarketing Agent hereunder are as set
          forth in Sections 2, 4, 10 and 14 hereof. When engaged in remarketing any properly-tendered VRDP Shares, the Remarketing Agent shall act only as agent for and on behalf of each owner of the VRDP Shares so tendered. The Remarketing Agent shall not
          act as an underwriter for the tendered VRDP Shares and shall in no way be obligated to advance its own funds to purchase any tendered VRDP Shares (except to the extent that in its individual capacity as purchaser of those VRDP Shares it may
          elect, in accordance with Section 7 hereof, to purchase, in its sole discretion) or to otherwise expend or risk its own funds or incur or become exposed to financial liability in the performance of its duties hereunder.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 23.&#160;&#160;&#160;&#160;&#160; &#160; &#160; <u>Amendment</u>. This Agreement may be amended by any instrument in writing signed by all of the parties hereto so long as this Agreement as amended is not inconsistent
          with the Statement of Preferences in effect as of the date of any such amendment, provided that the parties to this Agreement agree not to unreasonably withhold or delay consent to any proposed amendment to Section 2(m) hereof. The parties
          acknowledge that amendments to this Agreement (including with respect to Section 2(m)) are subject to prior notice requirements as set forth in the Tender and Paying Agent Agreement.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 24.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Benefits</u>. Nothing herein, express or implied, shall give to any person, other than the Fund, the Liquidity Provider, the Remarketing Agent and their respective
          permitted successors and assigns, any benefit of any legal or equitable right, remedy or claim hereunder. Without limiting the generality of the foregoing, no Holder or Beneficial Owner (or their Agent Member) of VRDP Shares shall have or be
          deemed to have any right in respect of, or shall in any event be entitled to enforce or to seek recourse against any person in respect of, any provision of this Agreement, and any and all rights of holders of VRDP Shares or obligations of the
          Fund in respect thereof arise only under and as governed solely by the Agreement and Declaration of Trust, Statement of Preferences and by-laws as they are in effect from time to time.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 29 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt;">Section 25.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <u>Notices and Wire Instructions</u>. Unless otherwise specified, any notices, requests, consents or other communications given or made hereunder or pursuant hereto shall be
          made in writing and shall be deemed to have been validly given or made when delivered or mailed, by registered or certified mail, return receipt requested and postage prepaid, or by prepaid courier service, in each case, addressed as follows: if
          to the Fund or the Adviser, to either of them at 100 Bellevue Parkway, Wilmington, Delaware 19809, Attention: Accounting Custody; if to the Remarketing Agent, to BofA Securities, Inc., One Bryant Park, 1111 Avenue of the Americas, 9<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor, New York, New York 10036, Telephone: (212) 449-7358 (Visone/Blasiak/Irizarry); (212) 449-8300 (Jentis), Email: thomas.visone@bofa.com;
          mary.ann.olson@bofa.com; todd.blasiak@bofa.com; lisa.m.irizarry@bofa.com; michael.jentis@bofa.com; tommy.murray@bofa.com; dg.temm@bofa.com, and if to the Tender and Paying Agent, to The Bank of New York Mellon, Corporate Trust Division, Dealing
          and Trading Group, 240 Greenwich Street Floor, 7 East, New York, New York 10286, Fax: (212) 815-2830, Attention: Monika Kozdra-Rusin, Vice President, Tel: 212-815-5787, Fax: 732-667-9221, Email: monika.kozdra@bnymellon.com; or to such other
          address as any of the foregoing persons shall specify to the parties hereto in writing.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">The Purchase Price of remarketed VRDP Shares shall be paid by the Remarketing Agent in immediately available funds by wire transfer to the Tender and Paying Agent in accordance with the following
          instructions, or such other instructions as the Tender and Paying Agent may specify:</div>
        <div>&#160;</div>
        <div style="margin-left: 72pt;">The Bank of New York Mellon</div>
        <div style="margin-left: 72pt;">New York, New York</div>
        <div style="margin-left: 72pt;">ABA# 021 000 018</div>
        <div style="margin-left: 72pt;">For Further Credit to Account # 9365058400</div>
        <div style="margin-left: 72pt;">Acct Name: BLACKROCK NYMUNI INC TR REMARKETING</div>
        <div style="margin-left: 72pt;">Ref: mm/dd/yy and Event (e.g., Purchase Date or Mandatory Tender)</div>
        <div style="margin-left: 72pt;">Attn: Monika Kozdra-Rusin 212-815-5787</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-right: 7.85pt; margin-left: 5pt;">Email transmissions shall be deemed to have been validly given or made when sent to the following email addresses or to such other address as any such
          parties shall specify to the other party in writing:</div>
        <div>&#160;
          <div style="margin-left: 9pt">
            <table cellspacing="0" cellpadding="0" border="0" align="center" id="z9da49e90cb4b472392dbf9be6093234b" style="border-collapse: collapse; width: 80%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

                <tr>
                  <td style="width: 40%; vertical-align: top;">
                    <div>The Fund or the Investment Adviser:</div>
                  </td>
                  <td style="width: 40%; vertical-align: top;">
                    <div>Accounting.Custody@BlackRock.com</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 40%; vertical-align: top;" rowspan="1">&#160;</td>
                  <td style="width: 40%; vertical-align: top;" rowspan="1">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 40%; vertical-align: top;">
                    <div>Remarketing Agent:</div>
                  </td>
                  <td style="width: 40%; vertical-align: top;">
                    <div>thomas.visone@bofa.com</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 40%; vertical-align: top;">
                    <div>mary.ann.olson@bofa.com</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 40%; vertical-align: top;">
                    <div>todd.blasiak@bofa.com</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 40%; vertical-align: top;">
                    <div>lisa.m.irizarry@bofa.com</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 40%; vertical-align: top;">
                    <div>michael.jentis@bofa.com</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 40%; vertical-align: top;">
                    <div>tommy.murray@bofa.com</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 40%; vertical-align: top;">&#160;</td>
                  <td style="width: 40%; vertical-align: top;">
                    <div>dg.temm@bofa.com</div>
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div><br>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 30 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" border="0" align="center" id="z1d63b4f69cb342caacd2dfaa23b68875" style="border-collapse: collapse; width: 80%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

              <tr>
                <td style="width: 40%; vertical-align: top;">
                  <div>Liquidity Provider</div>
                </td>
                <td style="width: 40%; vertical-align: top;">
                  <div>thomas.visone@bofa.com</div>
                </td>
              </tr>
              <tr>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 40%; vertical-align: top;">
                  <div>mary.ann.olson@bofa.com</div>
                </td>
              </tr>
              <tr>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 40%; vertical-align: top;">
                  <div>todd.blasiak@bofa.com</div>
                </td>
              </tr>
              <tr>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 40%; vertical-align: top;">
                  <div>lisa.m.irizarry@bofa.com</div>
                </td>
              </tr>
              <tr>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 40%; vertical-align: top;">
                  <div>michael.jentis@bofa.com</div>
                </td>
              </tr>
              <tr>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 40%; vertical-align: top;">
                  <div>DG.pfloats@bofa.com</div>
                </td>
              </tr>
              <tr>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
                <td style="width: 40%; vertical-align: top;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 40%; vertical-align: top;">
                  <div>Tender and Paying Agent</div>
                </td>
                <td style="width: 40%; vertical-align: top;">
                  <div>BlackRockTenders@bnymellon.com</div>
                </td>
              </tr>
              <tr>
                <td style="width: 40%; vertical-align: top;">
                  <div><br>
                  </div>
                </td>
                <td style="width: 40%; vertical-align: top;">monika.kozdra@bnymellon.com</td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">Section 26.&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <u>Nonpetition Covenant</u>. Notwithstanding any prior termination of this Agreement, BofA Securities, Inc., solely in its capacity as Remarketing Agent, hereby covenants
          and agrees that it shall not, prior to the date which is one year and one day after the redemption and the payment in full of the VRDP Shares and all accumulated dividends, petition or otherwise invoke the process of any court or government
          authority for the purpose of commencing a case against, the Fund under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the
          Fund or any substantial part of the property of the Fund; <u>provided</u>, <u>however</u>, that nothing in this provision shall preclude, or be deemed to stop, the Remarketing Agent from taking any action prior to the expiration of the
          aforementioned one year and one day period (x) in any case or proceeding voluntarily filed or commenced by the Fund, (y) in any involuntary insolvency proceeding filed or commenced against the Fund by a Person other than the Remarketing Agent, or
          (z) with respect to its rights or preferences as a Beneficial Owner or Holder of VRDP Shares.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Section 27.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Confidentiality</u>. All information, whether oral, written, via computer disk or electronic media or otherwise, to which it is given access or is made available to it by
          the other party (including by such other party&#8217;s agents and representatives) in connection with the transactions contemplated by this Agreement or any other Related Document is referred to as &#8220;<font style="font-weight: bold;">Confidential
            Information</font>&#8221;. Confidential Information shall include, without limitation, all technology, processes, trade secrets, contracts, proprietary information, portfolio information, historical and projected financial information, operating data
          and organizational cost structures, strategic or management plans, customer information and customer lists, whether received before or after the date hereof. Confidential Information shall also include information of or relating to any parent,
          subsidiary or affiliate of a party.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Each party agrees to hold all Confidential Information in confidence, that it will not disclose any Confidential Information to any person, other than directors, trustees, officers, employees,
          agents or representatives (including those of a legal nature) (collectively, the &#8220;<font style="font-weight: bold;">Representatives</font>&#8221;) who have a need to know such information in connection with the transactions contemplated by this
          Agreement or any other Related Document (the &#8220;<font style="font-weight: bold;">Transactions</font>&#8221;), and that it will not use any such Confidential Information for purposes other than in connection with the Transactions. For the avoidance of
          doubt, any Rating Agency rating the VRDP Shares at the request of the Fund shall not be deemed to be a Representative for purposes of this Section 27 and will not be subject to the obligations of this Section 27. Each party agrees to inform its
          Representatives of the confidential and valuable nature of the Confidential Information and of its obligations under this Section 27. Each party shall be responsible and liable for any breach of this Section 27 by its Representatives. Each party
          agrees to use reasonable care and implement reasonable controls, but in all events at least the same degree of care and controls that it uses to protect its own confidential and proprietary information of similar importance, to prevent the
          unauthorized use, disclosure or availability of Confidential Information.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 31 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">It is understood and agreed that no information shall be within the protection of this Section 27 where such information: (a) is or becomes publicly available through no fault of either party or
          its Representatives, (b) is authorized to be released by the disclosing party, (c) is rightly obtained from a third party, who, to the receiving party&#8217;s knowledge, is not under obligation of confidentiality, (d) is required to be disclosed as a
          matter of law or legal process or (e) is made available to any regulatory body. Furthermore, the obligations of confidentiality set out in this Section 27 shall not extend to Confidential Information that is disclosed to Holders or Beneficial
          Owners or potential Holders or Beneficial Owners, in each case in their capacity as such, in the Remarketing Memorandum or the Remarketing Materials, in notices to Holders or Beneficial Owners pursuant to one or more of the Related Documents or
          pursuant to the Fund&#8217;s or the Liquidity Provider&#8217;s informational obligations under Rule 144A(d)(4) or other reporting obligation of the Securities and Exchange Commission.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">In the event that either party to this Agreement or any of its Representatives become legally compelled (by deposition, interrogatory, request for documents, subpoena, regulatory request or
          demand, civil investigative demand or similar process (&#8220;<font style="font-weight: bold;">Legal Process</font>&#8221;)) to disclose any of the Confidential Information, such party may disclose such Confidential Information to the extent legally
          required; provided, however, that the Liquidity Provider shall, to the extent permitted by law, rule and regulation and reasonably practicable, notify the Fund prior to such disclosure by the Liquidity Provider so that the Fund may seek, at the
          Fund&#8217;s expense, a protective order or other appropriate remedy; provided, further, that the Liquidity Provider will have no liability to the Fund for failure to provide such notice. In the absence of such protective order, other remedy or waiver
          by the Fund, the Liquidity Provider may disclose such Confidential Information to the extent legally required. Notwithstanding anything to the contrary contained herein, either party and its affiliates may disclose Confidential Information,
          without notice to the other party, to any governmental agency, regulatory authority or self- regulatory authority (including, without limitation, bank and securities examiners) having or claiming to have authority to regulate or oversee any
          aspect of the party&#8217;s business or that of its affiliates in connection with the exercise of such authority or claimed authority. Nothing herein shall require a party to fail to honor any Legal Process on a timely basis.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">In the event that this Agreement is terminated, or at any time upon request, each party agrees to return promptly or destroy all copies of the Confidential Information without retaining any
          copies thereof and to destroy all copies of any analyses, compilations, studies or other documents prepared by it or for its use containing or reflecting any Confidential Information. Provided however each party will be permitted to retain all or
          any portion or the Confidential Information to comply with its governing laws, regulations or internal policies. Such Confidential Information shall remain subject to the confidentiality obligations set forth in this Section 27.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Inasmuch as any breach of this Section 27 may result in immediate and irreparable injury, it is recognized and agreed that each party shall be entitled to equitable relief, including injunctive
          relief and specific performance, in addition to all other remedies available at law. Further, all obligations, rights and remedies hereunder shall survive any return or destruction of the Confidential Information and any termination of this
          Agreement; provided, however, that all obligations, rights and remedies hereunder shall survive the termination of this Agreement and remain in full force and effect for one (1) year after the termination of this Agreement.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 32 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">It is further understood and agreed that no failure or delay by either party in exercising any right, power or privilege under this Section 27 shall operate as a waiver hereof, nor shall any
          single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege under this Section 27.</div>
        <div>&#160;</div>
        <div style="text-align: center; font-style: italic;">[Signature Page Follows]</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">- 33 -</font></div>
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt; color: rgb(59, 59, 59);">IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed in its name and on its behalf by one of its duly authorized officers as of the date
          first above written.</div>
        <div>&#160;</div>
        <div>
          <table cellspacing="0" cellpadding="0" border="0" id="z585949b35df84a5ab080b9d3305746f8" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;" colspan="2">
                  <div>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                <td style="vertical-align: top;" rowspan="1" colspan="2">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">
                  <div>By:<br>
                  </div>
                </td>
                <td style="width: 48%; vertical-align: top; border-bottom: 2px solid black;">/s/ Janey Ahn</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;" colspan="2">
                  <div>Name:&#160; Janey Ahn</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;" colspan="2">
                  <div>Title:&#160; Secretary</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                <td style="vertical-align: top;" rowspan="1" colspan="2">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;" colspan="2">
                  <div>BOFA SECURITIES, INC.</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;" rowspan="1">&#160;</td>
                <td style="vertical-align: top;" rowspan="1" colspan="2">&#160;</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">
                  <div>By:<br>
                  </div>
                </td>
                <td style="width: 48%; vertical-align: top; border-bottom: 2px solid black;">/s/ Michael Jentis</td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;" colspan="2">
                  <div>Name:&#160; Michael Jentis</div>
                </td>
              </tr>
              <tr>
                <td style="width: 50%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;" colspan="2">
                  <div>Title:&#160; Managing Director</div>
                </td>
              </tr>

          </table>
          <div> <br>
          </div>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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        <div style="text-align: center; font-weight: bold;">ANNEX I</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">FORM OF REMARKETING NOTICE</div>
        <div>&#160;</div>
        <div style="text-align: center;">[Date]</div>
        <div>&#160;</div>
        <div>Bank of America, N.A.</div>
        <div>One Bryant Park</div>
        <div>1111 Avenue of the Americas, 9<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
        <div>New York, NY 10036</div>
        <div><font style="color: rgb(0, 0, 0);">Attention:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <font style="color: rgb(0, 0, 0);">Thomas Visone</font></div>
        <div style="text-indent: 72pt; color: rgb(0, 0, 0);">Mary Ann Olson</div>
        <div style="text-indent: 72pt; color: rgb(0, 0, 0);">Todd Blasiak</div>
        <div style="text-indent: 72pt; color: rgb(0, 0, 0);">Lisa Irizarry</div>
        <div style="text-indent: 72pt; color: rgb(0, 0, 0);">Michael Jentis</div>
        <div><font style="color: rgb(0, 0, 0);">Telephone:</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="color: rgb(0, 0, 0);">(212) 449-7358 (Visone/Blasiak/Irizarry)</font></div>
        <div style="text-indent: 72pt; color: rgb(0, 0, 0);">(212) 449-8300 (Jentis)</div>
        <div>
          <div>Email: &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; thomas.visone@bofa.com</div>
        </div>
        <div style="text-indent: 0pt; margin-left: 72pt;">mary.ann.olson@bofa.com</div>
        <div style="text-indent: 0pt; margin-left: 72pt;">todd.blasiak@bofa.com</div>
        <div style="text-indent: 0pt; margin-left: 72pt;">lisa.m.irizarry@bofa.com</div>
        <div style="text-indent: 0pt; margin-left: 72pt;">michael.jentis@bofa.com</div>
        <div style="text-indent: 31.5pt; margin-left: 40.5pt;">DG.pfloats@bofa.com</div>
        <div>&#160;</div>
        <div>THE BANK OF NEW YORK MELLON</div>
        <div>Corporate Trust Division</div>
        <div>Dealing and Trading Group</div>
        <div>240 Greenwich Street, Floor 7 East</div>
        <div>New York, New York 10286</div>
        <div>Fax: (212) 815-2830</div>
        <div style="text-align: justify;">Email: BlackRockTenders@bnymellon.com</div>
        <div>&#160;</div>
        <div style="text-align: justify; margin-right: 7.8pt; margin-left: 5pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">[</font><font style="font-size: 10pt;">or to such other Person and/or address or telecopy number or email
            address as the Tender and Paying Agent and/or the Liquidity Provider may specify for the purpose by notice to the Remarketing Agent<font style="font-weight: bold;">]</font></font></div>
        <div>&#160;</div>
        <table cellspacing="0" cellpadding="0" id="z581ea6c6bb884e5d87c0dc0c4372757d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 72pt;"><br>
              </td>
              <td style="width: 36pt; vertical-align: top;">Re:</td>
              <td style="width: auto; vertical-align: top;">
                <div>BlackRock New York Municipal Income Trust Series W-7 Variable Rate Demand Preferred Shares (&#8220;<font style="font-weight: bold;">VRDP Shares</font>&#8221;)</div>
              </td>
            </tr>

        </table>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Pursuant to Section 2(f) of the VRDP Shares Remarketing Agreement dated as of March 31, 2021 (the &#8220;<font style="font-weight: bold;">VRDP Shares Remarketing Agreement</font>&#8221;), by and among
          BlackRock New York Municipal Income Trust, a diversified, closed-end investment company organized as a Delaware statutory trust, and BofA Securities, Inc., a Delaware corporation (the &#8220;<font style="font-weight: bold;">Remarketing Agent</font>&#8221;),
          the undersigned Remarketing Agent hereby notifies you of the following information regarding the Remarketing of the VRDP Shares as of the date hereof:</div>
        <div style="text-align: justify; text-indent: 36pt;"> <br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">
          <div style="text-align: center;">Annex I-<font id="DSPFPageNumber">1</font></div>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">1.&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; Information regarding the VRDP Shares is as follows:<br>
        </div>
        <div>&#160;</div>
        <div style="text-align: justify; margin-left: 72pt;">VRDP Shares Series: ______________________</div>
        <div>&#160;</div>
        <div style="text-align: justify; margin-left: 72pt;">CUSIP number: __________________________</div>
        <div>&#160;</div>
        <div style="text-align: justify; margin-left: 72pt;">Purchase Date:___________________________</div>
        <div>&#160;</div>
        <div style="text-align: justify; margin-left: 72pt;">Purchase Price per share of VRDP Shares: ______________________</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">2.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; Remarketing Results:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; The number of VRDP Shares that were successfully remarketed for purchase on the Purchase Date:______.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; The aggregate Purchase Price of the VRDP Shares that were SOLD in the Remarketing:______.</div>
        <div>&#160;<br>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The number of VRDP Shares that were NOT successfully remarketed for purchase on the Purchase Date:______.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The aggregate Purchase Price of the VRDP Shares that were NOT SOLD in the Remarketing, to be paid by the Liquidity Provider:______.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">3.&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; The undersigned hereby acknowledges that this Remarketing Notice is being provided by 11:00 a.m., New York City time, on the Business Day immediately preceding the Purchase Date, by
          Electronic Means to the Liquidity Provider and to the Tender and Paying Agent.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">4.&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; Capitalized terms used herein shall have the meanings given to them in or by reference to the VRDP Shares Remarketing Agreement.</div>
        <div>&#160;
          <table cellspacing="0" cellpadding="0" border="0" id="z6eef46ade63a4d7f83fc179f5defa3b2" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="width: 49.97%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;" colspan="2">
                  <div>BOFA SECURITIES, INC.,</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.97%; vertical-align: top;">&#160;</td>
                <td style="vertical-align: top;" colspan="2">
                  <div>as Remarketing Agent</div>
                </td>
              </tr>
              <tr>
                <td style="width: 49.97%; vertical-align: top;" rowspan="1">&#160;</td>
                <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 49.97%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">
                  <div>By:</div>
                </td>
                <td style="width: 48%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
                </td>
              </tr>
              <tr>
                <td style="width: 49.97%; vertical-align: top;">&#160;</td>
                <td style="width: 2%; vertical-align: top;">
                  <div><br>
                  </div>
                </td>
                <td style="width: 48%; vertical-align: top;">Name:</td>
              </tr>
              <tr>
                <td style="width: 49.97%; vertical-align: top;">&#160;</td>
                <td style="width: 2%; vertical-align: top;">
                  <div><br>
                  </div>
                </td>
                <td style="width: 48%; vertical-align: top;">Title:</td>
              </tr>

          </table>
          <div> <br>
          </div>
          <div style="text-align: center;">Annex I-2 </div>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: center; font-weight: bold;">ANNEX II</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">BLACKROCK NEW YORK MUNICIPAL INCOME TRUST (THE &#8220;FUND&#8221;) SERIES W-7</div>
        <div style="text-align: center; font-weight: bold;">VARIABLE RATE DEMAND PREFERRED SHARES (&#8220;VRDP SHARES&#8221;)</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">CUSIP NO. 09248L502<sup style="font-family: Symbol, serif; vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup></div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">Mandatory Tender Notice</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">In accordance with the Fund&#8217;s Statement of Preferences of Variable Rate Demand Preferred Shares (&#8220;<font style="font-weight: bold;">VRDP Shares</font>&#8221;) dated March 31, 2021 (the &#8220;<font style="font-weight: bold;">Statement of Preferences</font>&#8221;), the Fund hereby notifies Holders of VRDP Shares and the Liquidity Provider of the Mandatory Tender of the Outstanding VRDP Shares for Remarketing or purchase by the Liquidity
          Provider on the Mandatory Tender Date specified below due to the occurrence of the following Mandatory Tender Event:</div>
        <div>&#160;</div>
        <div style="text-align: center;">(please select the applicable Mandatory Tender Event)</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date]</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Liquidity Provider Ratings Event]</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; [Failure by the Fund to pay the Liquidity Provider the applicable fee when due under the terms of the Fee Agreement if the Liquidity Provider (in its sole discretion) thereafter
          provides written notice to the Fund that such failure to pay such fee constitutes a Mandatory Tender Event]</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(iv)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; [The eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event]</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; [The Fund has obtained and delivered to the Tender and Paying Agent an Alternate VRDP Shares Purchase Agreement by the fifteenth day prior to the Scheduled Termination Date,
          Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Shares Purchase Agreement being replaced] [the effective date of the Alternate VRDP Shares Purchase Agreement is [&#9679;], and the
          Liquidity Provider is [&#9679;]]</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(vi)&#160;&#160;&#160;&#160;&#160;&#160; &#160; [The Fund has provided a Notice of Proposed Special Rate Period in accordance with the Statement of Preferences]</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 31.55pt; margin-right: 7.55pt; margin-left: 5pt;">(vii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; [A breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the Fee Agreement and the failure to cure
          such breach within 60 days from</div>
        <div>&#160;</div>
        <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: 0px none; border-left: 0px none; border-right: 0px none; border-top: 0px none; margin: 0px auto 0px 0px; height: 2px; width: 25%; color: #000000;">
        <div style="text-align: justify;"><sup style="font-family: Symbol, serif; vertical-align: text-top; line-height: 1; font-size: smaller;">*</sup> NOTE: Neither the Fund nor the Tender and Paying Agent shall be responsible for the selection or use of
          the CUSIP Numbers selected, nor is any representation made as to its correctness indicated in any notice or as printed on any VRDP Share certificate. It is included solely as a convenience to Holders of VRDP Shares.</div>
        <div>&#160;</div>
        <div style="text-align: center;">Annex II -<font id="DSPFPageNumber">1</font> </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify;">the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that the
          failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity Provider)]</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">The Purchase Date for all Outstanding VRDP Shares for purchase by the Remarketing Agent in the event of a successful Remarketing or otherwise by the Liquidity Provider will be ____________,
          20______.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; font-style: italic;">(to determine the applicable Purchase Date, please note:)</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt; font-style: italic;">The Purchase Date in respect of a Mandatory Tender Event will be not later than seven days following the date a Mandatory Tender Notice is sent to Holders by Electronic Means;
          provided, that: (i) the Purchase Date in connection with the failure of the Fund to pay the applicable fee to the Liquidity Provider may not be later than the last Business Day of the month such payment was due; (ii) the Purchase Date in
          connection with the occurrence of an Extraordinary Corporate Event may not be later than the Business Day immediately preceding the occurrence of the Extraordinary Corporate Event (and, if no earlier Purchase Date is specified in a Mandatory
          Tender Notice with respect to such Extraordinary Corporate Event, the Business Day immediately preceding the occurrence of the Extraordinary Corporate Event will be deemed to be the Purchase Date irrespective of the failure to have given or sent
          a Mandatory Tender Notice); (iii) the Purchase Date in connection with the Fund obtaining an Alternate VRDP Shares Purchase Agreement may not be later than the Business Day immediately preceding the termination of the VRDP Shares Purchase
          Agreement and the effective date of such Alternate VRDP Shares Purchase Agreement (which may not be later than the termination date of the VRDP Shares Purchase Agreement); and (iv) the Purchase Date in connection with a Notice of Proposed Special
          Rate Period may not be later than the first day of such proposed Special Rate Period.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Upon the occurrence of a Mandatory Tender Event, all Outstanding VRDP Shares automatically will be subject to Mandatory Tender and delivered to the Tender and Paying Agent for purchase on the
          designated Purchase Date by purchasers in the Remarketing in the event of a successful Remarketing or otherwise by the Liquidity Provider, including any VRDP Shares previously tendered pursuant to an Optional Tender for which the Purchase Date
          has not yet occurred.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">In the event that VRDP Shares are issued in certificated form outside the book entry system of the Securities Depository and a Holder of VRDP Shares fails to deliver such VRDP Shares to which a
          Mandatory Tender relates on or prior to the Purchase Date, the Holder of such VRDP Shares will not be entitled to any payment (including any accumulated but unpaid dividends thereon, whether or not earned or declared) other than the Purchase
          Price of such undelivered VRDP Shares as of the scheduled Purchase Date. Any such undelivered VRDP Shares will be deemed to be delivered to the Tender and Paying Agent, and the Tender and Paying Agent will place stop-transfer orders against the
          undelivered VRDP Shares. Any money held by the Tender and Paying Agent for the purchase of undelivered VRDP Shares will be held in a separate account by the Tender and Paying Agent, will not be invested, and will be held for the exclusive benefit
          of the Holder of such undelivered VRDP Shares. The undelivered VRDP Shares will be deemed to be no longer Outstanding (except as to entitlement to payment of the Purchase Price), and the Fund will issue to the purchaser a replacement VRDP Share
          certificate in lieu of such undelivered VRDP Shares.</div>
        <div>&#160;</div>
        <div style="text-align: center;">
          <div>Annex II-2 </div>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">Any notice given to Holders in respect of a Mandatory Tender shall be conclusively presumed to have been duly given, whether or not the Holders receive such notice.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Terms used herein and not otherwise defined shall have the meanings given to such terms in the Statement of Preferences.</div>
        <div>&#160;</div>
        <table cellspacing="0" cellpadding="0" border="0" id="z69f3335f9fd64cd98640d099e936dd87" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                <div style="text-align: justify;">Dated:</div>
              </td>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="vertical-align: top; padding-bottom: 2px; width: 50%;">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
              <td style="width: 5%; vertical-align: top;" rowspan="1">&#160;</td>
              <td style="vertical-align: top; width: 50%;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2">&#160;</td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="vertical-align: top; width: 50%;">
                <div>BLACKROCK NEW YORK MUNICIPAL INCOME TRUST</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z886c20dd543c45d8847980af80025580">

            <tr>
              <td style="vertical-align: top; padding-bottom: 2px; width: 50%;">&#160;</td>
              <td style="width: 2.96%; vertical-align: top; padding-bottom: 2px;">
                <div>By:</div>
              </td>
              <td style="width: 46.92%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z436dcf537f4341cd8b2faf2a25bc8e30">

            <tr>
              <td rowspan="1" style="vertical-align: top; width: 50%;">&#160;</td>
              <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 45%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top; padding-bottom: 2px; width: 50%;">&#160;</td>
              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                <div>Name:</div>
              </td>
              <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb1d241c204784c609eb7261da9564555">

            <tr>
              <td rowspan="1" style="vertical-align: top; width: 50%;">&#160;</td>
              <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 45%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top; padding-bottom: 2px; width: 50%;">&#160;</td>
              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                <div>Title:</div>
              </td>
              <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            </tr>

        </table>
        <div style="text-align: center;"> <br>
        </div>
        <div style="text-align: center;">Annex II-3 </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: center; font-weight: bold;">SCHEDULE I</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">MAXIMUM RATE ADJUSTMENTS</div>
        <div style="text-align: center; font-weight: bold;"> <br>
        </div>
        <div style="text-align: center;">Annex II-1 </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: center; font-weight: bold;">SCHEDULE II</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">The information herein may be amended or supplemented from time to time by any Remarketing Memorandum, the Remarketing Materials and other information of the Fund that were prepared and made
          publicly available by the Fund (&#8220;<font style="font-weight: bold;">Publicly Available Information</font>&#8221;). Any amendments, supplements or modifications to the information herein in any Remarketing Memorandum, the Remarketing Materials and
          Publicly Available Information after the date hereof shall be incorporated in this Schedule II by reference with the same force and effect as though fully set forth herein.</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">Notice to Investors</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">Each purchaser of the VRDP Shares, by its acceptance thereof, will be deemed to have acknowledged, represented to and agreed with the Fund, the Liquidity Provider and any Remarketing Agent as
          follows:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; It understands and acknowledges that the VRDP Shares have not been registered under the Securities Act or any other applicable securities law, are being sold or transferred pursuant
          to Rule 144A of the Securities Act, and may not be sold or otherwise transferred except in compliance with the registration requirements of the Securities Act or any other applicable securities law, pursuant to an exemption therefrom or in a
          transaction not subject thereto and in each case in compliance with the conditions for transfer set forth in paragraph (4) below.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;It is a &#8220;qualified institutional buyer&#8221; (&#8220;<font style="font-weight: bold;">QIB</font>&#8221;), as defined in Rule 144A promulgated under the Securities Act, and is acquiring the VRDP
          Shares for its own account or for the account of another QIB.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(3)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;It acknowledges that none of the Fund, the Liquidity Provider, any Remarketing Agent or any person representing any of the foregoing has made any representation to it with respect to
          the Fund, the Liquidity Provider or the Remarketing Agent or the sale of any VRDP Shares other than the information contained or incorporated by reference in this Offering Memorandum, which has been delivered to it to assist it in making its
          investment decision with respect to the VRDP Shares. Further, it acknowledges that with respect to the information supplied by the Liquidity Provider for inclusion in this Offering Memorandum, no representation is made by the Fund as to the
          accuracy or completeness of such information. The Liquidity Provider accepts no responsibility for the accuracy or completeness of this Offering Memorandum or the Statement of Preferences or any other information or disclosure contained or
          incorporated by reference herein, or omitted herefrom or in the Statement of Preferences, other than with respect to the accuracy of the information regarding the Liquidity Provider and its affiliates set forth under the section entitled
          &#8220;Liquidity Provider&#8221; and under the heading &#8220;Liquidity Provider&#8221; in the &#8220;Summary&#8221; section of this Offering Memorandum. In addition, no representation is made regarding VRDP Shares or the advisability of investing in VRDP Shares. Moreover, it
          acknowledges that it has had access to such financial and other information concerning the Fund and the Liquidity Provider and the VRDP Shares as it has deemed necessary in connection with its decision to purchase the VRDP Shares, including an
          opportunity to ask questions of and request information from the Fund and the Liquidity Provider. This Offering Memorandum is furnished by the Fund on a confidential basis in connection with a sale exempt from registration under the Securities
          Act, solely for the purpose of enabling the purchaser to consider the purchase of the VRDP Shares.</div>
        <div>&#160;</div>
        <div>
          <div style="text-align: center;">Schedule II-<font id="DSPFPageNumber">1</font></div>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">(4)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;It is purchasing the VRDP Shares for its own account for investment, and not with a view to, or for offer or sale in connection with, any distribution thereof in violation of the
          Securities Act, subject to any requirements of law that the disposition of its property or the property of such investor account or accounts be at all times within its or their control and subject to its or their ability to resell the VRDP Shares
          pursuant to Rule 144A or any exemption from registration available under the Securities Act. It agrees on its own behalf and each subsequent holder or owner of the VRDP Shares by its acceptance thereof will agree to offer, sell or otherwise
          transfer the VRDP Shares only (a) to the Fund, (b) to or through the Remarketing Agent in a Remarketing, (c) to the Liquidity Provider pursuant to the VRDP Shares Purchase Agreement or (d) for so long as the VRDP Shares are eligible for resale
          pursuant to Rule 144A, but subject to the restrictions on transfer outside of a Remarketing, described herein, to a person it reasonably believes is a QIB that purchases for its own account or for the account of a QIB to whom notice is given that
          the transfer is being made in reliance on Rule 144A, subject in each of the foregoing cases to any requirement of law that the disposition of its property or the property of such investor account or accounts be at all times within its or their
          control. Each purchaser acknowledges that each VRDP Share will contain a legend substantially to the following effect:</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">THE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT, OR ANY STATE SECURITIES LAW. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED,
          TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, ONLY (A) TO THE FUND, (B) TO OR THROUGH THE REMARKETING AGENT IN A REMARKETING, (C)
          TO THE LIQUIDITY PROVIDER PURSUANT TO THE VRDP SHARES PURCHASE AGREEMENT OR (D) FOR SO LONG AS THE SECURITIES OFFERED HEREBY ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, BUT SUBJECT TO THE RESTRICTIONS ON TRANSFER, OUTSIDE OF A REMARKETING
          APPLICABLE TO THIS SECURITY, TO A PERSON IT REASONABLY BELIEVES IS A &#8220;QUALIFIED INSTITUTIONAL BUYER&#8221; THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE
          IN RELIANCE ON RULE 144A OR ANY EXEMPTION FROM REGISTRATION AVAILABLE UNDER THE SECURITIES ACT. THE PURCHASE OBLIGATION IS TRANSFERABLE ONLY IN CONNECTION WITH A TRANSFER OF VRDP SHARES; IT IS NOT SEPARATELY TRANSFERABLE.</div>
        <div>&#160;</div>
        <div style="text-align: center;">Schedule II-2 </div>
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        <div style="text-align: justify; text-indent: 36pt;">BLACKROCK ADVISORS, LLC (THE &#8220;<font style="font-weight: bold;">INVESTMENT ADVISOR</font>&#8221;), AFFILIATED PERSONS OF THE INVESTMENT ADVISOR (AS DEFINED IN SECTION 2(A)(3) OF THE INVESTMENT COMPANY
          ACT OF 1940 (THE &#8220;<font style="font-weight: bold;">1940 ACT</font>&#8221;) (OTHER THAN THE FUND, IN THE CASE OF A PURCHASE OF VRDP SHARES WHICH ARE TO BE CANCELLED WITHIN 10 DAYS OF PURCHASE BY THE FUND)), AND PERSONS OVER WHICH THE INVESTMENT ADVISOR,
          OR AFFILIATED PERSONS OF THE INVESTMENT ADVISOR (AS DEFINED IN SECTION 2(A)(3) OF THE 1940 ACT), EXERCISE DISCRETIONARY INVESTMENT OR VOTING AUTHORITY (OTHER THAN THE FUND, IN THE CASE OF A PURCHASE OF VRDP SHARES WHICH ARE TO BE CANCELLED WITHIN
          10 DAYS OF PURCHASE BY THE FUND), ARE NOT PERMITTED TO PURCHASE VRDP SHARES WITHOUT THE PRIOR WRITTEN CONSENT OF THE LIQUIDITY PROVIDER AND ANY SUCH PURCHASES SHALL BE VOID <font style="font-style: italic;">AB INITIO</font>; <u>PROVIDED</u>, <u>HOWEVER</u>,
          THAT THE FUND SHALL GIVE PROMPT NOTICE TO BENEFICIAL OWNERS BY ELECTRONIC MEANS UPON ANY OF THE FOREGOING PERSONS (WITH THE PRIOR WRITTEN CONSENT OF THE LIQUIDITY PROVIDER), SINGLY OR IN THE AGGREGATE, ACQUIRING A BENEFICIAL INTEREST IN 20% OR
          MORE OF THE VRDP SHARES; <u>PROVIDED</u>, <u>FURTHER</u>, THAT, WITHOUT REGARD TO THE PRECEDING REQUIREMENTS, PURCHASES OF VRDP SHARES MAY BE MADE BY BROKER- DEALERS THAT ARE AFFILIATED PERSONS OF THE INVESTMENT ADVISOR IN RISKLESS PRINCIPAL
          TRANSACTIONS WITH RESPECT TO SUCH PURCHASES OF VRDP SHARES.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF SHALL BE DEEMED TO HAVE AGREED THAT, IN CONNECTION WITH ANY TRANSFER OF VRDP SHARES, IT IS TRANSFERRING TO THE TRANSFEREE THE RIGHT TO RECEIVE
          FROM THE FUND ANY DIVIDENDS DECLARED AND UNPAID FOR EACH DAY PRIOR TO THE TRANSFEREE BECOMING THE BENEFICIAL OWNER OF THE VRDP SHARES IN EXCHANGE FOR PAYMENT OF THE PURCHASE PRICE FOR SUCH VRDP SHARES BY THE TRANSFEREE.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(5)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;It agrees to treat the VRDP Shares as equity in the Fund for federal income tax purposes.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(6)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;It agrees to treat the Purchase Obligation as part of the VRDP Shares rather than as a separate property right.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(7)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Unless otherwise permitted by the Fund, a Beneficial Owner or Holder may sell, transfer or otherwise dispose of VRDP Shares only in whole shares and only pursuant to a Remarketing in
          accordance with the Remarketing Procedures set forth in Part II of the Statement of Preferences, <u>provided</u>, <u>however</u>, that (a) a sale, transfer or other disposition of VRDP Shares from a Beneficial Owner who holds shares through an
          Agent Member to another Beneficial Owner who holds shares through the same Agent Member shall be permitted, and (b) in the case of all transfers other than pursuant to Remarketings, the Agent Member or other Person to whom such transfer is made
          shall advise the Remarketing Agent.</div>
        <div>&#160;</div>
        <div style="text-align: justify; text-indent: 36pt;">(8)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;It acknowledges that the Fund, the Liquidity Provider and any Remarketing Agent and others will rely upon the truth and accuracy of the foregoing acknowledgments, representations and
          agreements and agrees that, if any of the acknowledgments, representations or warranties deemed to have been made by its purchase of VRDP Shares are no longer accurate, it shall promptly notify the Fund, the Liquidity Provider and any Remarketing
          Agent. If it is acquiring any VRDP Shares as a fiduciary or agent for one or more investor accounts, it represents that it has sole investment discretion with respect to each such account and that it has full power to make the foregoing
          acknowledgments, representations and agreements on behalf of each such account.</div>
        <div>&#160;</div>
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          Schedule II-3</div>
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