0001683863-22-002890 Sample Contracts

AMENDED AND RESTATED CUSTODY AGREEMENT
Custody Agreement • April 4th, 2022 • Vanguard Valley Forge Funds • New York

AMENDED AND RESTATED CUSTODY AGREEMENT, dated as of August 29, 2017 between each open-end management investment company listed on Schedule II hereto as amended from time to time (each such investment company, a "Fund"), each a statutory trust organized and existing under the laws of the State of Delaware and registered with the U.S. Securities and Exchange Commission ("SEC") under the Investment Company Act of 1940, as amended (the "1940 Act"), on behalf of certain of their series (each a "Series") having their principal office and place of business at P.O. Box 2600, Valley Forge, Pennsylvania 19482, and The Bank of New York Mellon, a bank organized under the laws of the State of New York and authorized to do a banking business having its principal office and place of business at 225 Liberty Street, New York, New York 10286 ("Custodian").

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AMENDMENT NO. 3 TO AGREEMENT AND DECLARATION OF TRUST OF VANGUARD VALLEY FORGE FUNDS
Valley Forge Funds • April 4th, 2022 • Vanguard Valley Forge Funds • Delaware

This Amendment No. 3 (the “Amendment”) to the Agreement and Declaration of Trust of Vanguard Valley Forge Funds (the “Trust”) amends the Declaration of Trust of the Trust dated as of November 19, 2008, as amended (the “Agreement”).

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 4th, 2022 • Vanguard Valley Forge Funds • Delaware

THIS AGREEMENT is made as of this 4th day of April, 2022, between Vanguard Valley Forge Funds, a Delaware statutory trust (the “Trust”), and Baillie Gifford Overseas Limited, a corporation organized under the laws of Scotland, United Kingdom (the “Advisor”).

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