AGREEMENT

 between

 T. ROWE PRICE ASSOCIATES,INC.

 and

 THE T. ROWE PRICEFUNDS

 for

 FUND ACCOUNTINGand RELATED ADMINISTRATIVE SERVICES

 TABLE OF CONTENTS

Page

Article A Termsof Appointment/Duties of Price Associates 2

Article B  Feesand Expenses 2

Article C Representationsand Warranties of Price Associates 2

Article D Representationsand Warranties of the Fund 3

Article E Ownershipof Software and Related Material 3

Article F QualityService Standards 4

Article G Standardof Care/Indemnification 4

Article H DualInterests 6

Article I Documentation 6

Article J Recordkeeping/Confidentiality 6

Article K Compliancewith Governmental Rules and Regulations 7

Article L Termand Termination of Agreement 7

Article M Notice 8

Article N Assignment 8

Article O Amendment/InterpretiveProvisions 8

Article P FurtherAssurances 9

Article Q MarylandLaw to Apply 9

Article R Mergerof Agreement 9

Article S Counterparts 9

Article T The Parties 9

Article U Directors,Trustees and Shareholders and Massachusetts Business Trust 10

ArticleV Captions 10

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AGREEMENT made as of the first day of August 1, 2015, by and between T.ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office and place of businessat 100 East Pratt Street, Baltimore, Maryland 21202 (“PriceAssociates”), and each Fund which is listed on Appendix A (as such Appendix may be amendedfrom time to time) and which evidences its agreement to be bound hereby by executing a copy of this Agreement(each such Fund individually hereinafter referred to as “theFund”, whose definition may be found in Article T); 

WHEREAS,pursuant to an Agreement dated as of January 1, 2015, between Price Associates and each of the Funds(the “Current Price Accounting Agreement”),Price Associates has been providing certain accounting, administrative and tax services (the “Current Price Services”) to the Funds;

WHEREAS,pursuant to a Fund Accounting Agreement dated August 1, 2015, each of the Funds has appointed The Bankof New York Mellon (“BNY Mellon”)to provide certain fund accounting, financial reporting and administrative services for the Funds (“BNY Mellon Services”), including certainof the Current Price Services; 

WHEREAS, certain of the Current Price Servicesthat are required by the Funds will not be provided by BNY Mellon as BNY Mellon Services, and Price Associateshas the capability of providing the Funds with such accounting, administrative and tax support servicesthat are not BNY Mellon Services and related oversight of BNY Mellon Services (“Services”); and

WHEREAS, the Fund desiresto terminate the Current Price Accounting Agreement and appoint Price Associates to provide the Servicesand Price Associates desires to accept such appointment. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the partieshereto agree as follows:

A. Terms of Appointment/Duties of Price Associates

 1. Subject tothe terms and conditions set forth in this Agreement, the Fund hereby employs and appoints Price Associatesto provide, and Price Associates agrees to provide, the Services set forth in Schedule I which include,among other things, all of the Current Price Services that do not constitute BNY Mellon Services andoversight of the BNY Mellon Services.  In rendering the services required under this Agreement, PriceAssociates may, consistent with applicable law from time to time, employ, delegate, or associate withitself such affiliated or unaffiliated person or persons as it believes reasonably necessary to assistit in carrying out its obligations under this Agreement.  Price Associates shall remain liable to theFunds for the performance of such obligations hereunder, to the extent specified in this Agreement, andshall be responsible for any fees that may be charged for such services.  

 2. The Fund and Price Associates hereby agree to terminate the Current Price Accounting Agreement, effectiveas of the date hereof.

B. Fees and Expenses

For theServices performed hereunder, the Fund shall pay the fees and expenses as mutually agreed upon by bothparties. 

C. Representationsand Warrantees of Price Associates

Price Associates represents and warrants tothe Fund that:

1. It is a corporationduly organized and existing in good standing under the laws of Maryland.

2. It is duly qualified to carry on its business in Maryland.

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3. It is empowered under applicablelaws and by its charter and By-Laws to enter into and perform this Agreement.

4. All requisite corporate proceedings have been taken to authorizeit to enter into and perform this Agreement.

5. Ithas, and will continue to have, access to the necessary facilities, equipment and personnel to performits duties and obligations under this Agreement.

6. TheServices provided under this Agreement are different from, and not duplicative of, the BNY Mellon Services. The Services provided under this Agreement are in addition to and not duplicative of the services requiredto be performed by Price Associates under the Investment Management Agreement between Price Associatesand the Fund (the “Investment Management Agreement”).

D. Representationsand Warranties of the Fund

The Fund represents and warrants to PriceAssociates that:

1. It is a corporationor business trust, as the case may be, duly organized and existing and in good standing under the lawsof Maryland or Massachusetts, as the case may be.

2. Itis empowered under applicable laws and by its Articles of Incorporation or Declaration of Trust, as thecase may be, and By-Laws and all required proceedings have been taken to authorize it to enter into andperform this Agreement.

E. Ownership of Software and RelatedMaterial

All computer programs, magnetic tapes, written procedures, andsimilar items purchased and/or developed and used by Price Associates in performance of this Agreementshall be the property of Price Associates and will not become the property of the Funds.

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F. Quality Service Standards/NAV Errors

PriceAssociates and the Fund may, from time to time, agree to certain quality service standards, with respectto the Services hereunder.  In the event Price Associates is the party responsible for causing an errorin the computation of the net asset value for a Fund or share class of a Fund (“NAV Error”), the actions that are required to be taken as to suchNAV Error shall be made in accordance with the Fund’s Net Asset Value Error Correction Policy andProcedures (“NAV Error Policy”) attachedhereto as Schedule II. 

G. Standard of Care/Indemnification

Notwithstanding anything to the contrary in this Agreement:

1. Price Associates shall exercise reasonable care in renderingthe Services described in this Agreement.  Price Associates shall not be liable for any error of judgmentor mistake of law or for any loss suffered by the Fund and any of its officers, directors, employees,successors and permitted assigns in connection with the matters to which this Agreement relates, excepta loss resulting from Price Associates’ willful misfeasance, bad faith or negligence on its partin the performance of its duties hereunder or from reckless disregard by it of its obligations and dutiesunder this Agreement or except as expressly stated otherwise in the NAV Error Policy. 

2. The Fund shall indemnify and hold Price Associates harmlessfrom and against all losses, costs, damages, claims, actions, and expenses, including reasonable expensesfor legal counsel, incurred by Price Associates resulting from:  (i) any action or omission by PriceAssociates or its agents or subcontractors in the performance of their duties hereunder; (ii) Price Associatesacting upon instructions believed by it to have been executed by a duly authorized officer of the Fund;or (iii) Price Associates acting upon information provided by the Fund in form and under policies agreedto by Price Associates and the Fund.  Price Associates shall not be entitled to such indemnificationin respect of actions or omissions constituting negligence or willful misconduct of Price Associates,or 

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wherePrice Associates has not exercised reasonable care in selecting or monitoring the performance of itsagents or subcontractors.

3.  Price Associatesshall indemnify and hold harmless the Fund from all losses, costs, damages, claims, actions and expenses,including reasonable expenses for legal counsel, incurred by the Fund resulting from the negligence orwillful misconduct of Price Associates or which result from Price Associates’ failure to exercisereasonable care in selecting or monitoring the performance of its agents or subcontractors.  The Fundshall not be entitled to such indemnification with respect to actions or omissions constituting negligenceor willful misconduct of such Fund or its agents or subcontractors; unless such negligence or misconductis attributable to Price Associates.  

4. In the event either party is unable to perform its obligationsunder the terms of this Agreement because of acts of God, strikes or other causes reasonably beyond itscontrol, such party shall not be liable to the other party for any loss, cost, damage, claim, actionor expense resulting from such failure to perform or otherwise from such causes.  

5. Upon the assertion of a claim for which either party may berequired to indemnify the other, the party seeking indemnification shall promptly notify the other partyof such assertion, and shall keep the other party advised with respect to all developments concerningsuch claim provided, however, that any failure by the indemnified party to provide such notice shallnot relieve the indemnifying party of its obligations to indemnify under this Agreement except to theextent that the indemnifying party can demonstrate actual prejudice as a result of such failure.  Theparty who may be required to indemnify shall have the option to participate with the party seeking indemnificationin the defense of such claim, or to defend against said claim in its own name or in the name of the otherparty.  The party seeking indemnification shall in no case confess any claim or make any compromise inany case in which the other party may be required to indemnify it except with the other party’sprior written consent.

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6. Neither party to this Agreementshall be liable to the other party for consequential damages under any provision of this Agreement; providedthat the parties acknowledge thatany and all liabilities incurred by the indemnified party arising out of third-party claims with respectto which the indemnified party is entitled to indemnification pursuant to this Agreement are not andshall not be deemed to be consequential damages

H. Dual Interests

It isunderstood that some person or persons may be directors, officers, or shareholders of both the Fund andPrice Associates (including Price Associates’ affiliates), and that the existence of any such dualinterest shall not affect the validity of this Agreement or of any transactions hereunder except as otherwiseprovided by a specific provision of applicable law.

I. Documentation

As requestedby Price Associates, the Fund shall promptly furnish to Price Associates such documents as it may reasonablyrequest and as are necessary for Price Associates to carry out its responsibilities hereunder.

J. Recordkeeping/Confidentiality

1. Price Associates shall keep recordsrelating to the services to be performed hereunder, in the form and manner as it may deem advisable,provided that Price Associates shall keep all records in such form and in such manner as required byapplicable law, including the Investment Company Act of 1940 (“the‘40 Act”) and the Securities Exchange Act of 1934 (“the‘34 Act”).  To the extent that the records prepared and maintained hereunder by PriceAssociates are records of the Fund required to be maintained and preserved pursuant to the ’40 Actand the rules thereunder, Price Associates agrees that such records are the property of the Fund andwill be surrendered promptly upon request.

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2. Price Associates and the Fund agreethat all books, records, information and data pertaining to the business of the other party which areexchanged or received pursuant to the negotiation or the carrying out of this Agreement shall remainconfidential, and shall not be voluntarily disclosed to any other person, except:  (a) after priornotification to and approval in writing by the other party hereto, which approval shall not be unreasonablywithheld and may not be withheld where Price Associates or Fund may be exposed to civil or criminal contemptproceedings for failure to comply; (b) when requested to divulge such information by duly constitutedgovernmental authorities; or (c) after so requested by the other party hereto.

K. Compliancewith Governmental Rules and Regulations

Except as otherwise provided in the Agreementand except for the accuracy of information furnished to the Funds by Price Associates, each Fund assumesfull responsibility for the preparation, contents and distribution of its prospectuses, and for complyingwith all applicable requirements of the  ’40 Act, the ‘34 Act, the Securities Act of 1933 (“the ‘33 Act”), the Internal RevenueCode (“IRC”),  and any laws, rulesand regulations of governmental authorities having jurisdiction over the Funds.

L. Term and Termination of Agreement

1. This Agreement shall run for aperiod of one (1) year from the date first written above and will be renewed from year to year thereafterunless terminated by either party as provided hereunder.

2. ThisAgreement may be terminated by the Fund upon sixty (60) days’ written notice to Price Associates;and by Price Associates, upon three hundred sixty-five (365) days’ written notice to the Fund unlessa shorter termination period is mutually agreed upon by the parties.

3. Upon termination hereof, the Fund shall pay to Price Associatessuch compensation as may be due as of the date of such termination, and shall likewise 

7

reimbursePrice Associates for its reasonable out-of-pocket expenses related to its provision of the Services,and Price Associates shall reimburse the Fund for its reasonable costs and out-of-pocket expenses incurredby such Fund in connection with converting such Fund to a successor service provider, including withoutlimitation the delivery to such successor service provider, such Fund and/or other of the Fund’sservice providers any of such Fund’s property, records, data, instruments and documents.  

M. Notice

Any notice as required by this Agreement shall be sufficiently given (i) when sentto an authorized person of the other party at the address of such party set forth above or at such otheraddress as such party may from time to time specify in writing to the other party; or (ii) as otherwiseagreed upon by appropriate officers of the parties hereto.

N. Assignment

Neitherthis Agreement nor any rights or obligations hereunder may be assigned either voluntarily or involuntarily,by operation of law or otherwise, by either party without the prior written consent of the other party,provided this shall not preclude Price Associates from employing such agents and subcontractors as itdeems appropriate to carry out its obligations set forth hereunder.

O. Amendment/Interpretive Provisions

The parties by mutual written agreement may amend this Agreement at any time.  Inaddition, in connection with the operation of this Agreement, Price Associates and the Fund may agreefrom time to time on such provisions interpretive of or in addition to the provisions of this Agreementas may in their joint opinion be consistent with the general tenor of this Agreement.  Any such interpretiveor additional provisions are to be signed by all parties and annexed hereto, but no such provision shallcontravene any applicable 

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Federalor state law or regulation and no such interpretive or additional provision shall be deemed to be anamendment of this Agreement.

P. Further Assurances

Eachparty agrees to perform such further acts and execute such further documents as are necessary to effectuatethe purposes hereof.

Q. Maryland Law to Apply

ThisAgreement shall be construed and the provisions thereof interpreted under and in accordance with thelaws of Maryland.

R. Merger of Agreement

ThisAgreement, including the attached Appendix and Schedule supersedes any prior agreement with respect tothe subject hereof, whether oral or written.

S. Counterparts

This Agreement may be executedby the parties hereto on any number of counterparts, and all of said counterparts taken together shallbe deemed to constitute one and the same instruments.

T. The Parties

All referencesherein to "the Fund" are to each of the Funds listed on Appendix A individually or any class thereof,as if this Agreement were between such individual Fund and Price Associates.  In the case of a seriesFund or a separate class of shares, all references to “the Fund” are to the individual series,portfolio or class of such Fund, or to such Fund on behalf of the individual series, portfolio or class,as appropriate.  The “Fund” also includes any T. Rowe Price Funds that may be established afterthe execution of this Agreement and that are added to Appendix A as set forth in the preamble to this

9

Agreement. Any reference in this Agreement to “the parties” shall mean Price Associates and such individualFund as to which the matter pertains.

U. Directors, Trustees and Shareholders and Massachusetts BusinessTrust

It is understood and is expressly stipulated that neither the holders of sharesin the Fund nor any Directors or Trustees of the Fund shall be personally liable hereunder.

Withrespect to any Fund which is a party to this Agreement and which is organized as a Massachusetts businesstrust, the term “Fund” means and refers to the trust established by its applicable trust agreement(Declaration of Trust) as the same may be amended from time to time.  It is expressly agreed that theobligations of any such Trust hereunder shall not be binding upon any of the trustees, shareholders,nominees, officers, agents or employees of the Trust, personally, but bind only the trust property ofthe Trust, as provided in the Declaration of Trust of the Trust.  The execution and delivery of thisAgreement has been authorized by the trustees and signed by an authorized officer of the Trust, actingas such, and neither such authorization by such Trustees nor such execution and delivery by such officershall be deemed to have been made by any of them, but shall bind only the trust property of the Trustas provided in its Declaration of Trust.

V. Captions

The captionsin the Agreement are included for convenience of reference only and in no way define or limit any ofthe provisions hereof or otherwise affect their construction or effect.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executedin their names and on their behalf under their seals by and through their duly authorized officers.

|                                                                                    |                                                                |
|-----------------------------------------------------------------------------------------|---------------------------------------------------------------------|
| T. ROWE PRICE ASSOCIATES, INC                                                           | T. ROWE PRICE FUNDS                                                 |
| By: /s/ William W. Strickland

Name:William W. Strickland 

Title:  Vice President | /s/David Oestreicher

Name:David Oestreicher

Title: Vice President |

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EXHIBIT A

Listof Funds/Portfolios

|                                                 |                                              |                 |                 |
|------------------------------------------------------|---------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                              | Reference ID                                      | Entity Type          |
| '40 Act RegisteredFunds                         |                                              |                 |
| T. Rowe Price Balanced Fund, Inc.                    | BAL                                               | MutualFund           |
| T. Rowe Price Blue Chip Growth Fund, Inc.            | BCG                                               | MutualFund - Parent  |
| T. Rowe Price California Tax-Free Income Trust       | CAT                                               | MutualFund - Parent  |
|                                                 | California Tax-Free Bond Fund                     | CAB                  | Mutual Fund - Series |
|                                                 | CaliforniaTax-Free Money Fund                     | CAM                  | Mutual Fund - Series |
| T. Rowe Price Capital AppreciationFund               | CAF                                               | Mutual Fund - Parent |
| T. Rowe Price Capital OpportunityFund, Inc.          | COF                                               | Mutual Fund - Parent |
| T. Rowe Price Corporate IncomeFund, Inc.             | CIF                                               | Mutual Fund          |
| T. Rowe Price Credit OpportunitiesFund, Inc.         | CRO                                               | Mutual Fund - Parent |
| T. Rowe Price Diversified Mid-CapGrowth Fund, Inc.   | DMG                                               | Mutual Fund          |
| T. Rowe Price Diversified Small-CapGrowth Fund, Inc. | DSG                                               | Mutual Fund          |
| T. Rowe Price Dividend GrowthFund, Inc.              | DGF                                               | Mutual Fund - Parent |
| T. Rowe Price Equity Income Fund                     | EIF                                               | Mutual Fund - Parent |
| T. Rowe Price Equity Series, Inc.                    | EQS                                               | MutualFund - Parent  |
|                                                 | T. Rowe Price Blue Chip GrowthPortfolio           | BCP                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Equity Income Portfolio             | EIP                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Equity Index 500 Portfolio          | EXP                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Health Sciences Portfolio           | HSP                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Mid-Cap Growth Portfolio            | MGP                  | Mutual Fund - Series |
|                                                 | T. Rowe Price New America Growth Portfolio        | NAP                  | MutualFund - Series  |
|                                                 | T.Rowe Price Personal Strategy Balanced Portfolio | PSP                  | Mutual Fund - Series |

12

|                                              |                                                   |                     |                 |
|---------------------------------------------------|--------------------------------------------------------|--------------------------|----------------------|
| Mutual Fund Entity Name                           | Reference ID                                           | Entity Type              |
| T.Rowe Price Financial Services Fund, Inc.        | FSF                                                    | Mutual Fund              |
| T.Rowe Price Fixed Income Series, Inc.            | FIS                                                    | Mutual Fund - Parent     |
|                                              | T. Rowe Price Limited-Term Bond Portfolio              | LTP                      | MutualFund - Series  |
|                                              | T. Rowe Price Prime Reserve Portfolio                  | PRP                      | Mutual Fund - Series |
| T. Rowe Price Floating Rate Fund, Inc.            | FRI                                                    | MutualFund - Parent      |
| T. Rowe Price Global Allocation Fund, Inc.        | GAF                                                    | MutualFund – Parent |
| T. Rowe Price Global Multi-Sector Bond Fund, Inc. | SNF                                                    | MutualFund – Parent |
| T. Rowe Price Global Real Estate Fund, Inc.       | GRE                                                    | MutualFund - Parent      |
| T. Rowe Price Global Technology Fund, Inc.        | GTF                                                    | MutualFund               |
| T. Rowe Price GNMA Fund                           | GMA                                                    | Mutual Fund              |
| T.Rowe Price Growth & Income Fund, Inc.       | GIF                                                    | Mutual Fund              |
| T.Rowe Price Growth Stock Fund, Inc.              | GSF                                                    | Mutual Fund - Parent     |
| T.Rowe Price Health Sciences Fund, Inc.           | HSF                                                    | Mutual Fund              |
| T.Rowe Price High Yield Fund, Inc.                | HYF                                                    | Mutual Fund - Parent     |
| T.Rowe Price Index Trust, Inc.                    | INDX                                                   | Mutual Fund - Parent     |
|                                              | T. Rowe Price Equity Index 500 Fund                    | EXF                      | Mutual Fund - Series |
|                                              | T. Rowe Price Extended Equity Market Index Fund        | XMX                      | MutualFund - Series  |
|                                              | T. Rowe Price Total Equity MarketIndex Fund            | TMX                      | Mutual Fund - Series |
| T. Rowe Price Inflation FocusedBond Fund, Inc.    | STI                                                    | Mutual Fund              |
| T. Rowe Price Inflation ProtectedBond Fund, Inc.  | IPB                                                    | Mutual Fund              |
| T. Rowe Price Institutional EquityFunds, Inc.     | IEF                                                    | Mutual Fund - Parent     |
|                                              | T. Rowe Price Institutional Large-Cap Core Growth Fund | LCC                      | MutualFund - Series  |
|                                              | T. Rowe Price Institutional Large-CapGrowth Fund       | LCG                      | Mutual Fund - Series |
|                                              | T. Rowe Price Institutional Large-Cap Value Fund       | LCV                      | MutualFund - Series  |
|                                              | T.Rowe Price Institutional Mid-Cap Equity Growth Fund  | MCE                      | Mutual Fund - Series |

13

|                                                 |                                                               |                 |                 |
|------------------------------------------------------|--------------------------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                              | Reference ID                                                       | Entity Type          |
|                                                 | T. Rowe Price Institutional Small-Cap Stock Fund                   | SCI                  | MutualFund - Series  |
|                                                 | T. Rowe Price Institutional U.S.Structured Research Fund           | IRF                  | Mutual Fund - Series |
| T. Rowe Price Institutional IncomeFunds, Inc.        | IINCF                                                              | Mutual Fund - Parent |
|                                                 | T. Rowe Price Institutional Core Plus Fund                         | ICP                  | MutualFund - Series  |
|                                                 | T. Rowe Price Institutional CreditOpportunities Fund               | ICO                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Institutional Floating Rate Fund                     | IFR                  | MutualFund - Series  |
|                                                 | T. Rowe Price Institutional GlobalMulti-Sector Bond Fund           | IGM                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Institutional High Yield Fund                        | HYI                  | MutualFund - Series  |
|                                                 | T. Rowe Price Institutional LongDuration Credit Fund               | LDC                  | Mutual Fund - Series |
| T. Rowe Price Institutional InternationalFunds, Inc. | IIF                                                                | Mutual Fund - Parent |
|                                                 | T. Rowe Price Institutional Africa & Middle East Fund          | IAM                  | MutualFund - Series  |
|                                                 | T. Rowe Price Institutional EmergingMarkets Bond Fund              | IEB                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Institutional Emerging Markets Equity Fund           | IEM                  | MutualFund - Series  |
|                                                 | T. Rowe Price Institutional FrontierMarkets Equity Fund            | IFM                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Institutional Global Focused Growth Equity Fund      | IGE                  | MutualFund - Series  |
|                                                 | T. Rowe Price Institutional GlobalGrowth Equity Fund               | IGL                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Institutional Global Value Equity Fund               | IGV                  | MutualFund - Series  |
|                                                 | T. Rowe Price Institutional InternationalBond Fund                 | IIB                  | Mutual Fund - Series |
|                                                 | T. Rowe Price Institutional International Concentrated Equity Fund | ICE                  | MutualFund - Series  |
|                                                 | T.Rowe Price Institutional International Core Equity Fund          | IIC                  | Mutual Fund - Series |

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|                                                      |                                                         |                 |                      |
|-----------------------------------------------------------|--------------------------------------------------------------|----------------------|---------------------------|
| Mutual Fund Entity Name                                   | Reference ID                                                 | Entity Type          |
|                                                      | T. Rowe Price Institutional International Growth Equity Fund | FEF                  | MutualFund - Series       |
| T. Rowe Price Intermediate Tax-Free High Yield Fund, Inc. | ITF                                                          | MutualFund - Parent  |
| T. Rowe Price International Funds, Inc.                   | PIF                                                          | Mutual Fund - Parent |
|                                                      | T. Rowe Price Africa & Middle East Fund                  | AME                  | MutualFund - Series       |
|                                                      | T. Rowe Price Asia OpportunitiesFund                         | AOF                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price Emerging Europe Fund                           | EEM                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price Emerging Markets Bond Fund                     | EMB                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price Emerging Markets Corporate Bond Fund           | EMC                  | MutualFund - Series       |
|                                                      | T. Rowe Price Emerging MarketsLocal Currency Bond Fund       | EML                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price Emerging Markets Stock Fund                    | EMS                  | MutualFund - Series       |
|                                                      | T. Rowe Price Emerging MarketsValue Stock Fund               | EMV                  | Mutual Fund – Series |
|                                                      | T. Rowe Price European Stock Fund                            | ESF                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price Global Growth Stock Fund                       | GLE                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price Global High Income Bond Fund                   | GHI                  | MutualFund - Series       |
|                                                      | T. Rowe Price Global IndustrialsFund                         | IND                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price Global Stock Fund                              | GLS                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price Global Unconstrained Bond Fund                 | GUN                  | MutualFund - Series       |
|                                                      | T. Rowe Price International BondFund                         | IBF                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price International Concentrated Equity Fund         | ICN                  | MutualFund - Series       |
|                                                      | T. Rowe Price International DiscoveryFund                    | IDF                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price International Growth & Income Fund         | IGI                  | MutualFund - Series       |
|                                                      | T. Rowe Price International StockFund                        | ISF                  | Mutual Fund - Series      |
|                                                      | T. Rowe Price Japan Fund                                     | JAF                  | Mutual Fund - Series      |
|                                                      | T.Rowe Price Latin America Fund                              | LAM                  | Mutual Fund - Series      |

15

|                                                    |                                                                    |                      |                 |
|---------------------------------------------------------|-------------------------------------------------------------------------|---------------------------|----------------------|
| Mutual Fund Entity Name                                 | Reference ID                                                            | Entity Type               |
|                                                    | T. Rowe Price New Asia Fund                                             | NAS                       | Mutual Fund - Series |
|                                                    | T. Rowe Price Overseas Stock Fund                                       | OSF                       | Mutual Fund - Series |
| T.Rowe Price International Index Fund, Inc.             | IIXF                                                                    | Mutual Fund - Parent      |
|                                                    | T. Rowe Price International Equity Index Fund                           | IXF                       | MutualFund - Series  |
| T. Rowe Price International Series, Inc.                | INS                                                                     | Mutual Fund - Parent      |
|                                                    | T. Rowe Price International Stock Portfolio                             | ISP                       | MutualFund - Series  |
| T. Rowe Price Media & Telecommunications Fund, Inc. | MTF                                                                     | MutualFund                |
| T. Rowe Price Mid-Cap Growth Fund, Inc.                 | MCG                                                                     | Mutual Fund - Parent      |
| T.Rowe Price Mid-Cap Value Fund, Inc.                   | MCV                                                                     | Mutual Fund - Parent      |
| T.Rowe Price Multi-Sector Account Portfolios, Inc.      | MAPS                                                                    | Mutual Fund - Parent      |
|                                                    | T. Rowe Price Emerging Markets Corporate Multi-Sector Account Portfolio | EBS                       | Mutual Fund - Series |
|                                                    | T.Rowe Price Emerging Markets Local Multi-Sector Account Portfolio      | ELS                       | MutualFund - Series  |
|                                                    | T. Rowe Price Floating Rate Multi-SectorAccount Portfolio               | FRS                       | Mutual Fund - Series |
|                                                    | T. Rowe Price High Yield Multi-Sector Account Portfolio                 | HYS                       | MutualFund - Series  |
|                                                    | T. Rowe Price Investment-GradeCorporate Multi-Sector Account Portfolio  | IGS                       | Mutual Fund - Series |
|                                                    | T. Rowe Price Mortgage-Backed Securities Multi-Sector Account Portfolio | MBS                       | Mutual Fund - Series |
| T. Rowe Price New America Growth Fund                   | NAG                                                                     | MutualFund - Parent       |
| T. Rowe Price New Era Fund, Inc.                        | NEF                                                                     | Mutual Fund               |
| T.Rowe Price New Horizons Fund, Inc.                    | NHF                                                                     | Mutual Fund – Parent |
| T. Rowe Price New Income Fund,Inc.                      | NIF                                                                     | Mutual Fund – Parent |

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|                                             |                                             |                      |                     |
|--------------------------------------------------|--------------------------------------------------|---------------------------|--------------------------|
| Mutual Fund Entity Name                          | Reference ID                                     | Entity Type               |
| T.Rowe Price Personal Strategy Funds, Inc.       | PER                                              | Mutual Fund – Parent |
|                                             | T. Rowe Price Personal Strategy Balanced Fund    | PSB                       | MutualFund - Series      |
|                                             | T. Rowe Price Personal StrategyGrowth Fund       | PSG                       | Mutual Fund - Series     |
|                                             | T. Rowe Price Personal Strategy Income Fund      | PSI                       | MutualFund - Series      |
| T. Rowe Price Prime Reserve Fund, Inc.           | PRF                                              | Mutual Fund               |
| T.Rowe Price Real Assets Fund, Inc.              | RAF                                              | Mutual Fund – Parent |
| T.Rowe Price Real Estate Fund, Inc.              | REF                                              | Mutual Fund – Parent |
| T.Rowe Price Reserve Investment Funds, Inc.      | RESFDS                                           | Mutual Fund – Parent |
|                                             | T. Rowe Price Government Reserve Investment Fund | GRS                       | MutualFund - Series      |
|                                             | T. Rowe Price Reserve InvestmentFund             | RES                       | Mutual Fund - Series     |
|                                             | T. Rowe Price Short-Term Government Reserve Fund | GRI                       | MutualFund – Series |
|                                             | T. Rowe Price Short-Term ReserveFund             | REI                       | Mutual Fund - Series     |
| T. Rowe Price Science & TechnologyFund, Inc. | STF                                              | Mutual Fund – Parent |
| T. Rowe Price Short-Term BondFund, Inc.          | STB                                              | Mutual Fund - Parent      |
|                                             | T. Rowe Price Ultra Short-Term Bond Fund         | SBF                       | Mutual Fund - Series     |
| T.Rowe Price Small-Cap Stock Fund, Inc.          | SCS                                              | Mutual Fund - Parent      |
| T.Rowe Price Small-Cap Value Fund, Inc.          | SCV                                              | Mutual Fund - Parent      |
| T.Rowe Price State Tax-Free Income Trust         | STT                                              | Mutual Fund - Parent      |
|                                             | Georgia Tax-Free Bond Fund                       | GAB                       | Mutual Fund - Series     |
|                                             | Maryland Short-Term Tax-Free Bond Fund           | MDS                       | Mutual Fund - Series     |
|                                             | Maryland Tax-Free Bond Fund                      | MDB                       | Mutual Fund - Series     |
|                                             | Maryland Tax-Free Money Fund                     | MDM                       | Mutual Fund - Series     |
|                                             | New Jersey Tax-Free Bond Fund                    | NJB                       | Mutual Fund - Series     |
|                                             | New York Tax-Free Bond Fund                      | NYB                       | Mutual Fund - Series     |
|                                             | NewYork Tax-Free Money Fund                      | NYM                       | Mutual Fund - Series     |

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|                                                |                                              |                 |                 |
|-----------------------------------------------------|---------------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name                             | Reference ID                                      | Entity Type          |
|                                                | Virginia Tax-Free Bond Fund                       | VAB                  | Mutual Fund - Series |
| T.Rowe Price Summit Funds, Inc.                     | SIF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Summit Cash Reserves Fund           | SCR                  | Mutual Fund - Series |
| T.Rowe Price Summit Municipal Funds, Inc.           | SMF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Summit Municipal Income Fund        | SMI                  | MutualFund - Series  |
|                                                | T. Rowe Price Summit MunicipalIntermediate Fund   | SMT                  | Mutual Fund - Series |
|                                                | T. Rowe Price Summit Municipal Money Market Fund  | SMM                  | MutualFund - Series  |
| T. Rowe Price Tax-Efficient Funds, Inc.             | TEF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Tax-Efficient Equity Fund           | TMC                  | Mutual Fund - Series |
| T.Rowe Price Tax-Exempt Money Fund, Inc.            | TEM                                               | Mutual Fund          |
| T.Rowe Price Tax-Free High Yield Fund, Inc.         | TFH                                               | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Income Fund, Inc.             | TFI                                               | Mutual Fund - Parent |
| T.Rowe Price Tax-Free Short-Intermediate Fund, Inc. | TFS                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Tax-Free Ultra Short-Term Bond Fund | TUS                  | MutualFund - Series  |
| T. Rowe Price U.S. Bond Enhanced Index Fund, Inc.   | UBX                                               | MutualFund           |
| T. Rowe Price U.S. Large-Cap Core Fund, Inc.        | LCF                                               | MutualFund - Parent  |
| T. Rowe Price U.S. Treasury Funds, Inc.             | USTF                                              | Mutual Fund - Parent |
|                                                | U.S. Treasury Intermediate Fund                   | USI                  | Mutual Fund - Series |
|                                                | U.S. Treasury Long-Term Fund                      | USL                  | Mutual Fund - Series |
|                                                | U.S. Treasury Money Fund                          | UST                  | Mutual Fund - Series |
| T.Rowe Price Value Fund, Inc.                       | VAL                                               | Mutual Fund - Parent |
| '40 Act Registered Fund of Funds                    |
| T.Rowe Price Retirement Funds, Inc.                 | RDF                                               | Mutual Fund - Parent |
|                                                | T. Rowe Price Retirement 2005 Fund                | RPJ                  | Mutual Fund - Series |
|                                                | T.Rowe Price Retirement 2010 Fund                 | RPA                  | Mutual Fund - Series |

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|                    |                                                  |        |                 |
|-------------------------|-------------------------------------------------------|-------------|----------------------|
| Mutual Fund Entity Name | Reference ID                                          | Entity Type |
|                    | T. Rowe Price Retirement 2015 Fund                    | RPG         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2020 Fund                    | RPB         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2025 Fund                    | RPH         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2030 Fund                    | RPC         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2035 Fund                    | RPI         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2040 Fund                    | RPD         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2045 Fund                    | RPK         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2050 Fund                    | RPL         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2055 Fund                    | RPM         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement 2060 Fund                    | RPN         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement Balanced Fund                | RPE         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2005 Fund—I Class     | RBI         | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2010Fund—I Class      | RCI         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2015 Fund—I Class     | RDI         | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2020Fund—I Class      | RFI         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2025 Fund—I Class     | RGI         | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2030Fund—I Class      | RHI         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2035 Fund—I Class     | RII         | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2040Fund—I Class      | RJI         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2045 Fund—I Class     | RKI         | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2050Fund—I Class      | RMI         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement I 2055 Fund—I Class     | RNI         | MutualFund - Series  |
|                    | T. Rowe Price Retirement I 2060Fund—I Class      | ROI         | Mutual Fund - Series |
|                    | T. Rowe Price Retirement Balanced I Fund—I Class | RQI         | MutualFund - Series  |
|                    | T.Rowe Price Target Retirement 2005 Fund              | TRA         | Mutual Fund - Series |

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|                              |                                      |                 |                 |
|-----------------------------------|-------------------------------------------|----------------------|----------------------|
| Mutual Fund Entity Name           | Reference ID                              | Entity Type          |
|                              | T. Rowe Price Target Retirement 2010 Fund | TRB                  | MutualFund - Series  |
|                              | T. Rowe Price Target Retirement2015 Fund  | TRC                  | Mutual Fund - Series |
|                              | T. Rowe Price Target Retirement 2020 Fund | TRD                  | MutualFund - Series  |
|                              | T. Rowe Price Target Retirement2025 Fund  | TRE                  | Mutual Fund - Series |
|                              | T. Rowe Price Target Retirement 2030 Fund | TRG                  | MutualFund - Series  |
|                              | T. Rowe Price Target Retirement2035 Fund  | TRH                  | Mutual Fund - Series |
|                              | T. Rowe Price Target Retirement 2040 Fund | TRJ                  | MutualFund - Series  |
|                              | T. Rowe Price Target Retirement2045 Fund  | TRL                  | Mutual Fund - Series |
|                              | T. Rowe Price Target Retirement 2050 Fund | TRM                  | MutualFund - Series  |
|                              | T. Rowe Price Target Retirement2055 Fund  | TRN                  | Mutual Fund - Series |
|                              | T. Rowe Price Target Retirement 2060 Fund | TRO                  | MutualFund - Series  |
| T. Rowe Price Spectrum Fund, Inc. | SPC                                       | Mutual Fund - Parent |
|                              | Spectrum Growth Fund                      | SPG                  | Mutual Fund - Series |
|                              | Spectrum Income Fund                      | SPI                  | Mutual Fund - Series |
|                              | SpectrumInternational Fund                | SPF                  | Mutual Fund - Series |

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SCHEDULEI

ACCOUNTING SERVICES

Accounting services for each Fund provided by Price Associates shallinclude, among other things:

i. oversightof quality control, including  processing results related to fund accounting services provided by BNYMellon and other third party service providers relating to pricing.  Such oversight includes, but isnot limited to, review of (a) NAV calculations and fund valuations, (b) securities pricing and resolutionof pricing exceptions, and (c) calculation and preparation of any financial information or schedules;

ii. facilitating onbehalf of the Funds resolution and remediation of fund accounting issues escalated by BNY Mellon and/orthe Funds’ other service providers;

iii. calculatingand authorizing expense accruals and payments;

iv. reviewingand approving annual expense budgets, including authorizing any adjustments, as needed, in accordancewith Fund management specifications;  

v. instructingBNY Mellon, and/or providing it with such advice that may be reasonably necessary, to properly accountfor all financial transactions and to maintain the Fund’s accounting procedures and records so asto ensure compliance with generally accepted accounting principles and tax practices and rules; and

vi. such other accountingservices as agreed to by the parties, not otherwise performed by BNY Mellon.

ADMINISTRATIVESERVICES

Administrativeservices for each Fund provided by Price Associates shall include, among other things:

i. ensuring maintenance for each Fund of all records that may bereasonably required in connection with the audit performed by each Fund’s independent registeredpublic accountants,  or by the Securities and Exchange Commission (“SEC”), the Internal RevenueService (“IRS”) or such other Federal or state regulatory agencies;

ii. cooperating with each Fund’s independent registered publicaccountants and taking all reasonable action in the performance of its obligations under the Agreementto assure that the necessary information is made available to such accountants for the expression oftheir opinion without any qualification as to the scope of their examination including,  but not limitedto, their opinion included in each such Fund’s annual report on Form N-CSR and annual amendmentto Form N-1A;

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iii. implementingand maintaining the systems, data storage and reporting necessary to perform services outlined in ScheduleI;

iv. administeringthe Fund’s inter-fund lending program and line of credit arrangements;

v. facilitating the reporting of daily cash flow activity (shareholderactivity) to investment staff;

vi. reconcilingand providing instructions with respect to redemption fees collected by the Funds’ transfer agent,as applicable;

vii. facilitatingrequests for data and resolution of any capital stock related accounting discrepancies;

viii. maintaining adequate controls over financial reporting to providecomplete and accurate financial information and disclosures that are certified by officers of the Funds. Providing sub-certifications, as requested by officers of the Funds, for the adequacy of such controlsand the completeness and accuracy of information included in Form N-CSR, Form N-Q, or any other formthat may require certification; and

ix. suchother administrative services as agreed to by the parties, not otherwise performed by BNY Mellon or byPrice Associates under the Investment Management Agreement. 

TAX SUPPORT SERVICES

Taxsupport services for each Fund provided by Price Associates shall include, among other things:

i. analyzing and/orreviewing investment tax accounting data provided by BNY Mellon in support of dividend computation processesas well as other regulatory tax reporting requirements;  

ii. reviewing, preparing for execution and filing the Funds’federal and state tax returns;

iii. coordinatingtax distributions and related services, including coordination of distribution frequency, forecasts,compliance with applicable tax rules and regulations, and tax reporting to the Funds’ shareholders;and

iv. such other taxsupport services as agreed to by the parties, not otherwise performed by BNY Mellon. 

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