0001741773-23-000901 Sample Contracts

MASTER CUSTODIAN AGREEMENT
Master Custodian Agreement • March 15th, 2023 • T. Rowe Price Exchange-Traded Funds, Inc. • Massachusetts

This Agreement is made as of March 6, 2020 (this “Agreement”), between each T. Rowe Price management investment company identified on Appendix A and each T. Rowe Price management investment company which becomes a party to this Agreement in accordance with the terms hereof (in each case, a “Fund”), including, if applicable, each series of the Fund identified on Appendix A and each series which becomes a party to this Agreement in accordance with the terms hereof, and STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company (the “Custodian”).

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INVESTMENT SUB-ADVISORY AGREEMENT Between
Investment Sub-Advisory Agreement • March 15th, 2023 • T. Rowe Price Exchange-Traded Funds, Inc. • Maryland

This INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) is dated as of May 1, 2022 and entered into by and between T. Rowe Price Associates, Inc. (the “Adviser”), a corporation organized and existing under the laws of the State of Maryland, United States of America, and T. Rowe Price International Ltd (the “Sub-adviser”), a corporation organized and existing under the laws of the United Kingdom, with respect to each Fund (as defined below) set forth on Schedule 1 as of the date indicated thereof, as it may be amended from time to time.

TRANSFER AGENCY AND SERVICE AGREEMENT
Transfer Agency and Service Agreement • March 15th, 2023 • T. Rowe Price Exchange-Traded Funds, Inc.

THIS TRANSFER AGENCY AND SERVICE AGREEMENT (this “Agreement”) is made as of the 6th day of March, 2020, by and between STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company having its principal office and place of business at One Lincoln Street, Boston, Massachusetts 02111(“State Street” or the “Transfer Agent”), and T. ROWE PRICE EXCHANGE-TRADED FUNDS, INC., a Maryland corporation having its principal office and place of business at 100 East Pratt Street, Baltimore, Maryland 21202 (the “Corporation”).

SUB-ADMINISTRATION AGREEMENT
Sub-Administration Agreement • March 15th, 2023 • T. Rowe Price Exchange-Traded Funds, Inc. • Massachusetts

This Sub-Administration Agreement (“Agreement”) dated and effective as of March 6, 2020, is by and between State Street Bank and Trust Company, a Massachusetts trust company (the “Sub-Administrator”), and T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation (the “Advisor”).

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