0000837274-09-000008 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • March 25th, 2009 • Franklin Templeton Variable Insurance Products Trust • Delaware

THIS INVESTMENT MANAGEMENT AGREEMENT made between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (the “Trust”), a Delaware statutory trust, on behalf of MUTUAL INTERNATIONAL SECURITIES FUND (the “Fund”), series of the Trust, and FRANKLIN MUTUAL ADVISERS, LLC (the “Adviser”), a Delaware limited liability company. WHEREAS, the Trust has been organized and intends to operate as an investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”), for the purpose of investing and reinvesting its assets in securities, as set forth in its Agreement and Declaration of Trust, its By-Laws and its Registration Statements under the 1940 Act and the Securities Act of 1933, as amended, all as heretofore and hereafter amended and supplemented; and the Trust desires to avail itself of the services, information, advice, assistance and facilities of an investment manager and to have an investment manager perform various management, statistical, research, inves

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Fund Administration Agreement
Fund Administration Agreement • March 25th, 2009 • Franklin Templeton Variable Insurance Products Trust

Agreement dated as of June 15, 2009 between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (the “Investment Company”), a Delaware statutory trust, on behalf of its series, MUTUAL INTERNATIONAL SECURITIES FUND (the “Fund”), and FRANKLIN TEMPLETON SERVICES, LLC (the “Administrator”). In consideration of the mutual agreements herein made, the parties hereby agree as follows:

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