0000754915-17-000004 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT between
Investment Management Agreement • February 21st, 2017 • T. Rowe Price High Yield Fund, Inc.

This INVESTMENT MANAGEMENT AGREEMENT, made as of the 6th day of February, 2017, by and between T. ROWE PRICE HIGH YIELD FUND, INC., a corporation organized and existing under the laws of the State of Maryland (the “Corporation”), and T. ROWE PRICE ASSOCIATES, INC., a corporation organized and existing under the laws of the State of Maryland (the “Manager”).

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EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • February 21st, 2017 • T. Rowe Price High Yield Fund, Inc.

This EXPENSE LIMITATION AGREEMENT (the “Agreement”), effective as of February 6, 2017, is entered into between T. Rowe Price Associates, Inc. (the “Manager”), a corporation organized and existing under the laws of the State of Maryland, and T. Rowe Price High Yield Fund, Inc. (the “Corporation”), a corporation organized and existing under the laws of the State of Maryland, on behalf of the T. Rowe Price U.S. High Yield Fund (the “Fund”).

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