0000350900-08-000021 Sample Contracts

SUB-ADVISORY AGREEMENT TEMPLETON GLOBAL SMALLER COMPANIES FUND
Sub-Advisory Agreement • December 29th, 2008 • Templeton Global Smaller Companies Fund • Florida

THIS SUB-ADVISORY AGREEMENT made as of 4th day of January, 2008, by and between FRANKLIN TEMPLETON INVESTMENTS CORP. (“FTIC”), an Ontario, Canada corporation, and TEMPLETON INVESTMENT COUNSEL, LLC (“TICL”), a Delaware limited liability company.

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INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • December 29th, 2008 • Templeton Global Smaller Companies Fund • Delaware

AGREEMENT made as of the 4th day of January, 2008, between TEMPLETON GLOBAL SMALLER COMPANIES FUND, a statutory trust organized under the laws of the State of Delaware (hereinafter referred to as the "Fund"), and FRANKLIN TEMPLETON INVESTMENTS CORP. (hereinafter referred to as the "Investment Manager").

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