0000932471-11-002382 Sample Contracts

VANGUARD ETF SHARES Authorized Participant Agreement

Authorized Participant Agreement • April 27th, 2011 • Vanguard Tax-Managed Funds • New York

• Contract Type
  Authorized Participant Agreement
• Filed
  April 27th, 2011
• Company
  Vanguard Tax-Managed 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.