0001379491-17-002171 Sample Contracts

Franklin Templeton ETF Trust on behalf of Franklin LibertyQ U.S. EQUITY ETF INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 21st, 2017 • Franklin Templeton ETF Trust • California

THIS INVESTMENT MANAGEMENT AGREEMENT, dated as of April 26, 2017, is made between FRANKLIN TEMPLETON ETF TRUST, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN LIBERTYQ U.S. EQUITY ETF (the “Fund”), a series of the Trust, and FRANKLIN ADVISERS, INC., a California corporation (the “Manager”).

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Master Custodian Agreement
Master Custodian Agreement • April 21st, 2017 • Franklin Templeton ETF Trust • Massachusetts

This Agreement is made as of April 18, 2016 (this “Agreement”), between each management investment company identified on Appendix A and each management investment company which becomes a party to this Agreement in accordance with the terms hereof (in each case, a “Fund”), including, if applicable, each series of the Fund identified on Appendix A and each series which becomes a party to this Agreement in accordance with the terms hereof, and State Street Bank and Trust Company, a Massachusetts trust company (the “Custodian”).

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Fund Administrative Services • April 21st, 2017 • Franklin Templeton ETF Trust • California

This Subcontract, dated as of April 18, 2016, is between Franklin Advisers, Inc. (the “Investment Manager”), and Franklin Templeton Services, LLC (the “Administrator”).

Franklin Templeton ETF Trust One Franklin Parkway San Mateo, California 94403-1906
Distribution Agreement • April 21st, 2017 • Franklin Templeton ETF Trust • New York

We, Franklin Templeton ETF Trust (the “Trust”), are a Delaware statutory trust operating as an open-end management investment company, which is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose shares are registered under the Securities Act of 1933, as amended (the “1933 Act”). We desire to issue one or more series of our authorized but unissued shares of beneficial interest (the “Shares”), generally only in aggregations constituting a Creation Unit, as such term is defined in the registration statement filed from time to time by the Trust with the U.S. Securities and Exchange Commission (the “Commission”) and effective under the 1933 Act and the 1940 Act (the “Registration Statement”), only to Authorized Participants (as that term is defined in the Registration Statement) in accordance with applicable Federal and State securities laws. The Trust’s Shares may be made available in one or more separate series. Shares are anticipated to be listed

subcontract for ADMINISTRATION and FUND accounting services
Franklin Templeton ETF Trust • April 21st, 2017 • Massachusetts

This Subcontract for Administration and Fund Accounting Services (“Agreement”) dated and effective as of April 18, 2016, is by and between State Street Bank and Trust Company, a Massachusetts trust company (“State Street”), and Franklin Templeton Services LLC (“FT Services”), an indirect, wholly-owned subsidiary of Franklin Resources, Inc.

SUPPLEMENT TO TRANSFER AGENCY AND SERVICE AGREEMENT
Transfer Agency and Service Agreement • April 21st, 2017 • Franklin Templeton ETF Trust

The Transfer Agency and Service Agreement dated and effective as of April 18, 2016 (the “Agreement”), by and between State Street Bank and Trust Company (the “Bank”), a Massachusetts trust company, and each of the mutual funds listed on the attached Appendix A thereto (each a “Fund”), which may be amended from time to time, is hereby supplemented as of April 18, 2016 in the manner set forth below (the “Supplement”):

SUBADVISORY AGREEMENT FRANKLIN TEMPLETON ETF TRUST on behalf of
Subadvisory Agreement • April 21st, 2017 • Franklin Templeton ETF Trust • California

THIS SUBADVISORY AGREEMENT (the “Agreement”) is made as of January 25, 2017 by and between FRANKLIN ADVISERS, INC., a California corporation (“FAV”), and FRANKLIN TEMPLETON INVESTIMENTOS (BRASIL) LTDA., a limited liability company organized under the laws of Brazil (“FTI Brasil”), with respect to Franklin Liberty International Opportunities ETF (the “Fund”), a series of Franklin Templeton ETF Trust (the “Trust”).

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