0000837274-15-000006 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • February 26th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

THIS INVESTMENT MANAGEMENT AGREEMENT made between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN VOLSMART ALLOCATION VIP FUND (the “Fund”), a series of the Trust, and FRANKLIN ALTERNATIVE STRATEGIES ADVISERS, LLC, a Delaware limited liability company (the “Manager”).

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MASTER CUSTODY AGREEMENT
Master Custody Agreement • February 26th, 2015 • Franklin Templeton Variable Insurance Products Trust

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Master Custody Agreement dated as of February 16, 1996.

AMENDMENT TO MASTER CUSTODY AGREEMENT
Master Custody Agreement • February 26th, 2015 • Franklin Templeton Variable Insurance Products Trust

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Amendment dated May 16, 2001 to that certain Master Custody Agreement dated as of February 16, 1996.

Sub-Advisory Agreement Franklin Templeton Variable Insurance Products Trust Franklin Alternative Strategies Advisers, LLC Franklin Advisory Services, LLC
Subadvisory Agreement • February 26th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

This Sub-Advisory Agreement (the “Agreement”), made as of May 1, 2015, by and between Franklin Alternative Strategies Advisers, LLC (“Franklin”), a Delaware limited liability company, and Franklin Advisory Services, LLC (“FASL”), a Delaware limited liability company.

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