0000932471-10-002920 Sample Contracts

AMENDMENT NO. 1 TO AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST OF VANGUARD ADMIRAL FUNDS

Agreement and Declaration • September 7th, 2010 • Vanguard Admiral Funds • Delaware

• Contract Type
  Agreement and Declaration
• Filed
  September 7th, 2010
• Company
  Vanguard Admiral Funds
• Jurisdiction
  Delaware

This Amendment No. 1 (the “Amendment”) to the Amended and Restated Agreement and Declaration of Trust of Vanguard Admiral Funds (the “Trust”) amends, effective May 10, 2010, the Amended and Restated Agreement and Declaration of Trust of the Trust dated as of November 19, 2008, as amended (the “Agreement”).

VANGUARD ETF SHARES Authorized Participant Agreement

Authorized Participant Agreement • September 7th, 2010 • Vanguard Admiral Funds • New York

• Contract Type
  Authorized Participant Agreement
• Filed
  September 7th, 2010
• Company
  Vanguard Admiral Funds
• Jurisdiction
  New York

This Authorized Participant Agreement (the “Agreement”) is entered into by and between Vanguard Marketing Corporation (the “Distributor”) and __________________ _______________________ (the “Participant”) and is subject to acceptance by ­­­­____________________, an index receipt agent for the ETF Shares issued by the registered investment companies listed in Annex I to the Agreement.