0001104659-10-023787 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 30th, 2010 • Baillie Gifford Funds • Massachusetts

AGREEMENT made this 1st day of April, 2009 by and between Baillie Gifford Funds, an unincorporated business trust organized under the laws of The Commonwealth of Massachusetts (the “Trust”), on behalf of The EAFE Choice Fund series (the “Fund”), and Baillie Gifford Overseas Ltd., a Scotland company (the “Adviser”),

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SUBSCRIPTION AGREEMENT Shares of Beneficial Interest
Subscription Agreement • April 30th, 2010 • Baillie Gifford Funds • Massachusetts

(If a non-U.S. SUBSCRIBER does not have a taxpayer identification number, the Trust may request alternative government-issued documentation certifying to the existence of the SUBSCRIBER’s business or enterprise.)

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