0001193125-12-482997 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • November 28th, 2012 • Master Portfolio Trust • New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this 19th day of November, 2012, by and between Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”), and Western Asset Management Company, a California corporation (the “Subadviser”).

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MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC
Management Agreement • November 28th, 2012 • Master Portfolio Trust • New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this 19th day of November, 2012, by and between Master Portfolio Trust (the “Trust”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).

State Street Bank and Trust Company Lafayette Corporate Center
Custodian Services Agreement and Fund Accounting Services Agreement • November 28th, 2012 • Master Portfolio Trust
November 19, 2012 Legg Mason Investor Services, LLC c/o Legg Mason, Inc.
Placement Agency Agreement • November 28th, 2012 • Master Portfolio Trust
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