0000758003-12-000007 Sample Contracts

UNDERWRITING AGREEMENT BETWEEN
Underwriting Agreement • August 3rd, 2012 • T. Rowe Price Tax-Free High Yield Fund, Inc.

THIS UNDERWRITING AGREEMENT, made as of the 24th day of April, 2012, by and between T. ROWE PRICE TAX-FREE HIGH YIELD FUND, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the “Fund”), and T. ROWE PRICE INVESTMENT SERVICES, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the “Distributor”).

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