0001379491-15-000359 Sample Contracts

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST on behalf of FRANKLIN SMALL CAP VALUE VIP FUND AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 29th, 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 SMALL CAP VALUE VIP FUND (the “Fund”), a series of the Trust, and FRANKLIN ADVISORY SERVICES, 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.

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FRANKLIN TEMPLETON INVESTOR SERVICES, LLC AMENDED AND RESTATED
Transfer Agent and Shareholder Services Agreement • April 29th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

The parties to this Agreement are the Investment Company named above ("Investment Company"), an open-end investment company registered as such under the Investment Company Act of 1940 (" 1940 Act"), on behalf of each class of shares of each series of the Investment Company which now exists or may hereafter be created (individually, a "Fund" and collectively, the "Funds") and FRANKLIN TEMPLETON INVESTOR SERVICES, LLC ("FTIS"), a registered transfer agent formerly known as Franklin Administrative Services, Inc. This Agreement supersedes prior Shareholder Services Agreements between the parties, as stated below in section 16(d).

AMENDED AND RESTATED SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract for Fund Administrative Services • April 29th, 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 Templeton Global Advisers Limited, LLC, a corporation organized under the laws of the Bahamas (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 May 1, 2007.

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract for Fund Administrative Services • April 29th, 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 Advisers, Inc., a California corporation (the “Investment Manager”) and Franklin Templeton Services, LLC (“Administrator”).

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST on behalf of TEMPLETON DEVELOPING MARKETS VIP FUND AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 29th, 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 Developing Markets VIP Fund (the “Fund”), a series of the Trust, and TEMPLETON ASSET MANAGEMENT LTD. (the “Adviser”), a company organized under the laws of Singapore, 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, and amended as of May 17, 2011.

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract for Fund Administrative Services • April 29th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

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

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