0000930413-07-001102 Sample Contracts

SUBADVISORY AGREEMENT

Subadvisory Agreement • February 9th, 2007 • Legg Mason Partners Variable Portfolios V • New York

• Contract Type
  Subadvisory Agreement
• Filed
  February 9th, 2007
• Company
  Legg Mason Partners Variable Portfolios V
• Jurisdiction
  New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this 1st day of August, 2006, by and between Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”), and CAM North America LLC, a Delaware limited liability company (the “Subadviser”).

MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC

Management Agreement • February 9th, 2007 • Legg Mason Partners Variable Portfolios V • New York

• Contract Type
  Management Agreement
• Filed
  February 9th, 2007
• Company
  Legg Mason Partners Variable Portfolios V
• Jurisdiction
  New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this 1st day of August, 2006, by and between Legg Mason Partners Variable Portfolios V (the “Trust”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).