0001193125-09-208550 Sample Contracts

AMENDMENT AGREEMENT NO. 1
Amendment Agreement • October 15th, 2009 • Baron Select Funds • New York

This AMENDMENT AGREEMENT NO. 1 (this “Amendment”) is made as of September 25, 2009, by and among BARON SELECT FUNDS, ON BEHALF OF ITS SERIES BARON PARTNERS FUND (the “Borrower”), the lending institutions listed on the signature pages hereof (collectively, the “Banks”) and STATE STREET BANK AND TRUST COMPANY, as operations agent for itself and such other Banks (in such capacity, the “Operations Agent”).

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