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POWER OF ATTORNEY
The undersigned officer and/or trustee (the “Principal”) of BlackRock Build America Bond
Trust, a statutory trust formed under the laws of the State of Delaware (the “Trust”), does
constitute and appoint Anne Ackerley, Neal Andrews, Brendan Kyne and Howard Surloff, and each of
them, his or her true and lawful attorneys and agents (the “Agents”), each with full power and
authority (acting separately and without the other) to execute in the name and on behalf of the
undersigned as such officer and/or director, a Registration Statement on Form N-2, including any
pre-effective amendments and/or any post-effective amendments thereto and any subsequent
Registration Statement of the Trust pursuant to Rule 462(b) of the Securities Act of 1933, as
amended (the “1933 Act”), and any other filings in connection therewith, and to file the same under
the 1933 Act or the Investment Company Act of 1940, as amended, or otherwise, with respect to the
registration of the Trust or the registration or offering of the Trust’s common shares of
beneficial interests; granting to such attorneys and agents and each of them, full power of
substitution and revocation in the premises; and ratifying and confirming all that such attorneys
and agents, or any of them, may do or cause to be done by virtue of these presents
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this
16th day of July, 2010.
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/s/ Neal J. Andrews
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Name: |
Neal J. Andrews |
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Title: |
Chief Financial Officer |
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Executed in the State of Delaware
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IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this
16th day of July, 2010.
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/s/ Richard E. Cavanagh
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Name: |
Richard E. Cavanagh |
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Title: |
Trustee of the Trust |
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Executed in the State of Massachusetts
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IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this
16th day of July, 2010.
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/s/ Richard S. Davis
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Name: |
Richard S. Davis |
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Title: |
Trustee of the Trust |
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Executed in the State of Massachusetts
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IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this
16th day of July, 2010.
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/s/ Frank J. Fabozzi
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Name: |
Frank J. Fabozzi |
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Title: |
Trustee of the Trust |
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Executed in the State of Pennsylvania
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IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this
16th day of July, 2010.
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/s/ Kathleen Feldstein
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Name: |
Kathleen Feldstein |
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Title: |
Trustee of the Trust |
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Executed in the State of Massachusetts
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IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this
16th day of July, 2010.
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/s/ Jerold B. Harris
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Name: |
Jerold B. Harris |
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Title: |
Trustee of the Trust |
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Executed in the State of Maryland
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IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this
16th day of July, 2010.
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/s/ W. Carl Kester
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Name: |
W. Carl Kester |
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Title: |
Trustee of the Trust |
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Executed in Tokyo, Japan
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IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this
16th day of July, 2010.
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/s/ Karen P. Robards
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Name: |
Karen P. Robards |
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Title: |
Trustee of the Trust |
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Executed in the State of Connecticut
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POWER OF ATTORNEY
CAUTION TO THE PRINCIPAL:
Your Power of Attorney is an important document. As the “principal,” you give the person
whom you choose (your “agent”) authority to spend your money and sell or dispose of your property
during your lifetime without telling you. You do not lose your authority to act even though you
have given your agent similar authority.
When your agent exercises this authority, he or she must act according to any
instructions you have provided or, where there are no specific
instructions, in your best interest. “Important Information for the Agent” at the end of this document describes your
agent’s responsibilities.
Your agent can act on your behalf only after signing the Power of Attorney before a
notary public.
You can request information from your agent at any time. If you are revoking a prior
Power of Attorney by executing this Power of Attorney, you should provide written notice of the
revocation to your prior agent(s) and to the financial institutions where your accounts are
located.
You can revoke or terminate your Power of Attorney at any time for any reason as long as
you are of sound mind. If you are no longer of sound mind, a court can remove an agent for acting
improperly.
Your agent cannot make health care decisions for you. You may execute a “Health Care
Proxy” to do this.
The law governing Powers of Attorney is contained in the New York General Obligations
Law, Article 5, Title 15. This law is available at a law library, or online through the New York
State Senate or Assembly websites, www.senate.state.ny.us or www.assembly.state.ny.us. If there is
anything about this document that you do not understand, you should ask a lawyer of your own
choosing to explain it to you.
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The undersigned officer and/or trustee (the “Principal”) of BlackRock Build America Bond
Trust, a statutory trust formed under the laws of the State of Delaware (the “Trust”), does
constitute and appoint Anne Ackerley, Neal Andrews, Brendan Kyne and Howard Surloff, and each of
them, his or her true and lawful attorneys and agents (the “Agents”), each with full power and
authority (acting separately and without the other) to execute in the name and on behalf of the
undersigned as such officer and/or director, a Registration Statement on Form N-2, including any
pre-effective amendments and/or any post-effective amendments thereto and any subsequent
Registration Statement of the Trust pursuant to Rule 462(b) of the Securities Act of 1933, as
amended (the “1933 Act”), and any other filings in connection therewith, and to file the same under
the 1933 Act or the Investment Company Act of 1940, as amended, or otherwise, with respect to the
registration of the Trust or the registration or offering of the Trust’s common shares of
beneficial interests; granting to such attorneys and agents and each of them, full power of
substitution and revocation in the premises; and ratifying and confirming all that such attorneys
and agents, or any of them, may do or cause to be done by virtue of these presents
This Power of Attorney does not revoke or terminate any prior Power of Attorney executed by
the undersigned Principal.
This Power of Attorney may be executed in multiple counterparts, each of which shall
be deemed an original, but which taken together shall constitute one instrument.
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IN WITNESS WHEREOF, the undersigned Principal has executed this Power of Attorney
as of this 16th day of July, 2010.
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By:
Name:
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/s/ Anne Ackerley
Anne Ackerleyn
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Title:
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President and Chief
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Executive Officer of the Trust |
Subscribed and sworn to before me
On July 16, 2010
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/s/Anna M. Gramatyka
Notary Public
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State of New York |
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Qualified in New York |
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County, No. 01GR6220693 |
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My commission expires on April 19, 2014
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IN WITNESS WHEREOF, the undersigned Principal has executed this Power of Attorney as of
this 16th day of July, 2010.
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By: /s/ James T. Flynn
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Name: James T. Flynn
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Title: Trustee of the Trust |
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Subscribed and sworn to before me
On July 16, 2010
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/s/Anna M. Gramatyka
Notary Public
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State of New York |
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Qualified in New York |
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County, No. 01GR6220693 |
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My commission expires on April 19, 2014
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IN WITNESS WHEREOF, the undersigned Principal has executed this Power of Attorney as of
this 16th day of July, 2010.
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By:
Name:
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/s/ Henry Gabbay
Henry Gabbay
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Title:
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Trustee of the Trust |
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Subscribed and sworn to before me
On July 16, 2010
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/s/Anna M. Gramatyka
Notary Public
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State of New York |
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Qualified in New York |
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County, No. 01GR6220693 |
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My commission expires on April 19, 2014
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IN WITNESS WHEREOF, the undersigned Principal has executed this Power of Attorney as of this
16th day of July, 2010.
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By:
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/s/ R. Glenn Hubbard |
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Name:
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R. Glenn Hubbard
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Title:
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Trustee of the Trust |
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Subscribed and sworn to before me
On July 16, 2010
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/s/Anna M. Gramatyka
Notary Public
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State of New York |
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Qualified in New York |
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County, No. 01GR6220693 |
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My commission expires on April 19, 2014.
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IMPORTANT INFORMATION FOR THE AGENT:
When you accept the authority granted under this Power of Attorney, a special legal
relationship is created between you and the principal. This relationship imposes on you legal
responsibilities that continue until you resign or the Power of Attorney is terminated or revoked.
You must:
(1) act according to any instructions from the principal, or, where there are no
instructions, in the principal’s best interest;
(2) avoid conflicts that would impair your ability to act in the principal’s best interest;
(3) keep the principal’s property separate and distinct from any assets you own or control, unless
otherwise permitted by law;
(4) keep a record or all receipts, payments, and transactions conducted for the principal; and
(5) disclose your identity as an agent whenever you act for the principal by writing or printing
the principal’s name and signing your own name as “agent” in either of the following manner:
(Principal’s Name) by (Your Signature) as Agent, or (your signature) as Agent for (Principal’s
Name).
You may not use the principal’s assets to benefit yourself or give major gifts to yourself or
anyone else unless the principal has specifically granted you that authority in this Power of
Attorney or in a Statutory Major Gifts Rider attached to this Power of Attorney. If you have that
authority, you must act according to any instructions of the principal or, where there are no such
instructions, in the principal’s best interest. You may resign by giving written notice to the
principal and to any co-agent, successor agent, monitor if one has been named in this document, or
the principal’s guardian if one has been appointed. If there is anything about this document or
your responsibilities that you do not understand, you should seek legal advice.
Liability of agent:
The meaning of the authority given to you is defined in New York’s General Obligations Law, Article
5, Title 15. If it is found that you have violated the law or acted outside the authority granted
to you in the Power of Attorney, you may be liable under the law for your violation.
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We, the Agents, have read the foregoing Power of Attorney. We are the persons identified
therein as agents for the Principal named therein.
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By:
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/s/ Anne Ackerley
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Name: Anne Ackerley |
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Title: President and |
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Chief Executive |
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Officer of the Trust |
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Subscribed and sworn to before me
On July 20, 2010
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| /s/ Stephen M. Hart
Notary Public
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| State of New York |
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| Qualified in New York |
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| County, No. 01HA6166170 |
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My commission expires on May 21, 2011
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We, the Agents, have read the foregoing Power of Attorney. We are the persons
identified therein as agents for the Principal named therein.
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By:
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/s/ Neal Andrews
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Name: Neal Andrews |
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Title: Chief Financial |
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Officer of the Trust |
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Subscribed and sworn to before me
On July 20, 2010
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| /s/ Stephen M. Hart
Notary Public
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| State of New York |
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| Qualified in New York |
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| County, No. 01HA6166170 |
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My commission expires on May 21, 2011
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We, the Agents, have read the foregoing Power of Attorney. We are the persons identified
therein as agents for the Principal named therein.
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By:
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/s/ Brendan Kyne
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Name: Brendan Kyne |
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Title: Vice President of the Trust |
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Subscribed and sworn to before me
On July 20, 2010
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/s/
Stephen M. Hart
Notary Public
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State
of New York |
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Qualified in New York |
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County, No. 01HA6166170 |
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My commission expires on May 21, 2011
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We, the Agents, have read the foregoing Power of Attorney. We are the persons identified
therein as agents for the Principal named therein.
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By:
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/s/ Howard Surloff
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Name: Howard Surloff |
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Title: Secretary of the Trust |
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Subscribed and sworn to before me
On July 20, 2010
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| /s/ Stephen M. Hart
Notary Public |
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| State of New York |
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| Qualified in New York |
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| County, No. 01HA6166170 |
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My commission expires on May 21, 2011
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