0000793347-17-000007 Sample Contracts

UNDERWRITING AGREEMENT BETWEEN
Underwriting Agreement • October 24th, 2017 • T. Rowe Price Capital Appreciation Fund

THIS UNDERWRITING AGREEMENT, made as of the 6th day of February, 2017, by and between T. ROWE PRICE CAPITAL APPRECIATION FUND, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the “Corporation”), 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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INVESTMENT MANAGEMENT AGREEMENT between
Investment Management Agreement • October 24th, 2017 • T. Rowe Price Capital Appreciation Fund

This INVESTMENT MANAGEMENT AGREEMENT made as of the 30th day of October, 2017, by and between T. ROWE PRICE CAPITAL APPRECIATION FUND, INC., a corporation organized and existing under the laws of the State of Maryland (the “Fund”), and T. ROWE PRICE ASSOCIATES, INC., a corporation organized and existing under the laws of the State of Maryland (the “Manager”).

MANAGEMENT FEE WAIVER AGREEMENT
Management Fee Waiver Agreement • October 24th, 2017 • T. Rowe Price Capital Appreciation Fund

THIS MANAGEMENT FEE WAIVER AGREEMENT (the “Agreement”), effective as of May 1, 2017, is entered into between T. Rowe Price Associates, Inc., a corporation organized and existing under the laws of the State of Maryland (the “Manager”), and the T. Rowe Price Capital Appreciation Fund, Inc., a corporation organized and existing under the laws of the State of Maryland (the “Fund”).

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