0001193125-14-360703 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • October 1st, 2014 • Master Portfolio Trust • New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this day of , 2014, 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 • October 1st, 2014 • Master Portfolio Trust • New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this day of , 2014 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 • October 1st, 2014 • Master Portfolio Trust
Legg Mason Investor Services, LLC c/o Legg Mason, Inc.
Placement Agency Agreement • October 1st, 2014 • Master Portfolio Trust
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