0001193125-14-007698 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • January 10th, 2014 • Legg Mason Partners Equity Trust • New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this 26th day of December, 2013, by and between Permal Asset Management, LLC (the “Manager”), the investment manager to Permal Alternative Select Fund (“Fund”), a series of the Legg Mason Partners Equity Trust (the “Trust”), a Maryland statutory trust registered as a management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and Apex Capital, LLC, a Delaware limited liability company (the “Subadviser”).

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TRADING AGREEMENT
Trading Agreement • January 10th, 2014 • Legg Mason Partners Equity Trust • New York

This TRADING AGREEMENT (the “Agreement”) is made this 26th day of December, 2013, by and between Permal Asset Management LLC (the “Manager”), the investment manager to Permal Alternative Select Fund (“Fund”), a series of the Legg Mason Partners Equity Trust (the “Trust”), a Maryland statutory trust registered as a management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and BH-DG Systematic Trading LLP, an English limited liability partnership (the “Trader”).

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MANAGEMENT AGREEMENT Permal Asset Management LLC
Management Agreement • January 10th, 2014 • Legg Mason Partners Equity Trust • New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this 26th day of December, 2013, by and between Legg Mason Partners Equity Trust (the “Trust”) and Permal Asset Management LLC, a Delaware limited liability company (the “Manager”).

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State Street Bank and Trust Company Lafayette Corporate Center
Custodian Agreement • January 10th, 2014 • Legg Mason Partners Equity Trust
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ADMINISTRATION AGREEMENT
Administration Agreement • January 10th, 2014 • Legg Mason Partners Equity Trust • New York

This ADMINISTRATION AGREEMENT (“Agreement”) is made this day of , 201 , by and between Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Administrator”), and Legg Mason Equity Trust (the “Trust”) on behalf of each series designated in Appendix A (each a “Fund”).

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LEGG MASON LETTERHEAD]
Legg Mason Partners Equity Trust • January 10th, 2014
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