0000932471-05-000188 Sample Contracts

AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Investment • February 2nd, 2005 • Vanguard Horizon Funds • Delaware

AGREEMENT, made as of this 2nd day of February, 2005, between VANGUARD HORIZON FUNDS, a Delaware statutory trust (the “Trust”), and PRIMECAP Management Company, a California corporation (the “Advisor”).

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