AMENDMENT TO SUBADVISORY AGREEMENT
AMENDMENT TO
SUBADVISORY AGREEMENT
This Amendment, dated as of April 7, 2020, is to each Subadvisory Agreement, as amended and/or restated to date (each, an “Agreement”), by and between each Investment Manager (each, an “Investment Manager”) and corresponding Subadviser (each, a “Subadviser”) identified on Schedule A, each a registered investment adviser, with respect to each registered investment company (each, an “Investment Company”), on behalf of itself and, as applicable, its separate series (each, a “Series”) identified opposite the Investment Manager’s name on Schedule A.
WITNESSETH:
WHEREAS, each Investment Manager and corresponding Subadviser, and each Investment Company, on behalf of itself and, as applicable, each Series, wish to amend the applicable Agreement as provided herein; and
WHEREAS, the Board of Trustees of the Investment Company, including a majority of Trustees who are not interested persons (as defined in the Investment Company Act of 1940, as amended) of the Investment Company, approved the following amendment at a meeting on April 7, 2020.
NOW, THEREFORE, in consideration of the foregoing premises, the parties hereto agree that each Agreement is amended to include a new appropriately numbered paragraph/section, as applicable, at the end of the Agreement as follows:
Where the effect of a requirement of the 1940 Act reflected in any provision of the Agreement is revised by rule, interpretation or order of the SEC, such provision shall be deemed to incorporate the effect of such rule, interpretation or order.
[Signature page follows.]
IN WITNESS WHEREOF, this Amendment has been executed on behalf of each party as of the date set forth above.
Each
Investment Manager listed on Schedule A
Franklin Advisers, Inc.
By: /s/
Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxx
Title: President
Xxxxxxxxx Investment Counsel, LLC
By: /s/
Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Executive Vice President
Each Subadviser listed on Schedule A
Franklin Xxxxxxxxx Institutional, LLC
By: /s/ Xxxxxx X. Xxxxxx
Name:
Xxxxxx X. Xxxxxx
Title: President
Franklin Xxxxxxxxx Investment Management Limited
By: /s/
Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Chief Executive Officer
Xxxxxxxxx Global Advisors Limited
By: /s/ Xxxx Xxxxxxxx
Name:
Xxxx Xxxxxxxx
Title: President
Schedule A
|
Investment Company and Series |
Investment Manager |
Subadviser |
|
Franklin Xxxxxxxxx Variable Insurance Products Trust |
|
|
|
Franklin Allocation VIP Fund |
Franklin Advisers, Inc. |
Franklin Xxxxxxxxx Institutional, LLC Xxxxxxxxx Global Advisors Limited |
|
Templeton Foreign VIP Fund |
Xxxxxxxxx Investment Counsel, LLC |
Franklin Xxxxxxxxx Investment Management Limited |
