0001193125-20-328450 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • December 29th, 2020 • Master Portfolio Trust • New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this 31st day of July, 2020, by and between Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”), and Western Asset Management Company, LLC, a California limited liability company (the “Subadviser”).

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MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC
Management Agreement • December 29th, 2020 • Master Portfolio Trust • New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this 31st day of July, 2020, by and between Master Portfolio Trust (the “Trust”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).

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PLACEMENT AGENCY AGREEMENT Master Portfolio Trust
Placement Agency Agreement • December 29th, 2020 • Master Portfolio Trust

This PLACEMENT AGENCY AGREEMENT, made this 31st day of July, 2020, by and between Master Portfolio Trust (“Investment Company”), a Massachusetts trust and Legg Mason Investor Services, LLC (“Placement Agent”).

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