0001379491-15-000334 Sample Contracts

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract For • April 27th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

This Subcontract, dated as of May 1, 2014, is between Franklin Advisory Services, LLC (the “Investment Manager”), and Franklin Templeton Services, LLC (“Administrator”).

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AMENDED AND RESTATED SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Fund Administrative Services • April 27th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

This Amended and Restated Subcontract, dated as of April 17, 2012, and amended as of May 1, 2014, is between Franklin Advisory Services, LLC, a Delaware limited liability company (the “Investment Manager”), and Franklin Templeton Services, LLC (“Administrator”) and amends and restates the prior Subcontract for Fund Administrative Services between the parties dated as of January 1, 2001.

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST on behalf of TEMPLETON FOREIGN VIP FUND AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 27th, 2015 • Franklin Templeton Variable Insurance Products Trust

THIS INVESTMENT MANAGEMENT AGREEMENT, dated May 1, 2014, is made between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (the “Trust”), a Delaware statutory trust, on behalf of TEMPLETON FOREIGN VIP FUND (the “Fund”), a series of the Trust, and TEMPLETON INVESTMENT COUNSEL, LLC (the “Adviser”), a Delaware limited liability company, and amends and restates the prior Investment Management Agreement between the Trust, on behalf of the Fund, and the Adviser dated as of May 1, 2007.

AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 27th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

THIS INVESTMENT MANAGEMENT AGREEMENT, dated as of May 1, 2014, is made between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (the “Trust”), a Delaware statutory trust, on behalf of FRANKLIN MUTUAL GLOBAL DISCOVERY VIP FUND and FRANKLIN MUTUAL SHARES VIP FUND (each, a “Fund”), series of the Trust, and FRANKLIN MUTUAL ADVISERS, LLC (the “Adviser”), a Delaware limited liability company, and amends and restates the prior Investment Management Agreement between the Trust, on behalf of each Fund, and the Adviser, dated as of May 1, 2007.

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract For • April 27th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

This Subcontract, dated as of May 1, 2013, and amended as of May 1, 2014, is between Franklin Templeton Institutional, LLC, a Delaware limited liability company (the “Investment Manager”) and Franklin Templeton Services, LLC (“Administrator”).

FORM OF SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Fund Administrative Services • April 27th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

This Subcontract, dated as of May 1, 2015, is between Franklin Advisers, Inc., a California corporation (the “Investment Manager”), and Franklin Templeton Services, LLC (“Administrator”).

AMENDED AND RESTATED SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Franklin Templeton Variable Insurance Products Trust • April 27th, 2015 • California

This Amended and Restated Subcontract, dated as of April 17, 2012, and amended as of May 1, 2014, is between Franklin Advisers, Inc., a California corporation (the “Investment Manager”), and Franklin Templeton Services, LLC (“Administrator”) and amends and restates the prior Subcontract for Fund Administrative Services between the parties dated as of March 1, 2008.

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