0001533490-12-000003 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • February 22nd, 2012 • T. Rowe Price Multi-Sector Account Portfolios, Inc. • Maryland

This INVESTMENT SUB-ADVISORY AGREEMENT (“Agreement”), is dated as of October 17, 2011, 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.

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Custodian Agreement
Custodian Agreement • February 22nd, 2012 • T. Rowe Price Multi-Sector Account Portfolios, Inc. • Massachusetts

This Agreement is made as of January 28, 1998 by and between each entity set forth on Appendix A hereto (as such Appendix A may be amended from time to time) which executes a copy of this Agreement (each referred to herein as the "Fund"), and State Street Bank and Trust Company, a Massachusetts trust company with its principal place of business at 225 Franklin Street, Boston, Massachusetts 02110 (the "Custodian").

INVESTMENT MANAGEMENT AGREEMENT Between
Investment Management Agreement • February 22nd, 2012 • T. Rowe Price Multi-Sector Account Portfolios, Inc.

This INVESTMENT MANAGEMENT AGREEMENT (“Agreement”), made as of October 17, 2011, by and between T. ROWE PRICE MULTI-SECTOR ACCOUNT PORTFOLIOS, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the “Corporation”), and T. ROWE PRICE ASSOCIATES, INC., a corporation organized and existing under the laws of the State of Maryland (hereinafter called the “Adviser”).

TRANSFER AGENCY AND SERVICE AGREEMENT between
Transfer Agency and Service Agreement • February 22nd, 2012 • T. Rowe Price Multi-Sector Account Portfolios, Inc. • Maryland
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