0001193125-13-383821 Sample Contracts

ADVISORY AGREEMENT
Advisory Agreement • September 30th, 2013 • BARON INVESTMENT FUNDS TRUST (F/K/a BARON ASSET FUND) • New York

This Advisory Agreement, made the 19th day of August, 2013, by and between BAMCO, Inc., a New York corporation (“BAMCO”) and Baron Discovery Fund (“Client”), a series of Baron Investment Funds Trust (formerly known as Baron Asset Fund), a Massachusetts business trust.

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Distribution Agreement Amended and Restated
Distribution Agreement • September 30th, 2013 • BARON INVESTMENT FUNDS TRUST (F/K/a BARON ASSET FUND) • New York

This Distribution Agreement, entered into the 12th day of June, 1987, as amended, by and between Baron Capital, Inc. (“BCI”), a New York corporation and Baron Investment Funds Trust (formerly known as Baron Asset Fund), a Massachusetts business trust (the “Trust”) with respect to the shares of beneficial interest of all series of the Trust now in existence as designated in Schedule A hereto or subsequently created (each, a “Fund” and collectively, the “Funds”).

Baron Investment Funds Trust, on behalf of its fund series as set forth on Appendix I attached hereto
BARON INVESTMENT FUNDS TRUST (F/K/a BARON ASSET FUND) • September 30th, 2013
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