0001379491-17-006300 Sample Contracts

AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • September 28th, 2017 • Franklin Alternative Strategies Funds • Delaware

THIS INVESTMENT MANAGEMENT AGREEMENT, dated as of October 1, 2017 is made between FRANKLIN ALTERNATIVE STRATEGIES FUNDS, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN K2 GLOBAL MACRO OPPORTUNITIES FUND (the “Fund”), a series of the Trust, and K2/D&S MANAGEMENT CO., L.L.C., a Delaware limited liability company (the “Manager”) and amends and restates the prior Investment Management Agreement between the Trust, on behalf of the Fund, and the Manager dated as of May 16, 2016.

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MASTER CUSTODY AGREEMENT
Master Custody Agreement • September 28th, 2017 • Franklin Alternative Strategies Funds

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Master Custody Agreement dated as of February 16, 1996.

TERMINAL LINK AGREEMENT
Terminal Link Agreement • September 28th, 2017 • Franklin Alternative Strategies Funds

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Master Custody Agreement dated as of February 16, 1996.

AMENDMENT TO MASTER CUSTODY AGREEMENT
Master Custody Agreement • September 28th, 2017 • Franklin Alternative Strategies Funds

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Amendment dated May 16, 2001 to that certain Master Custody Agreement dated as of February 16, 1996.

AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • September 28th, 2017 • Franklin Alternative Strategies Funds • Delaware

THIS INVESTMENT MANAGEMENT AGREEMENT, dated as of October 1, 2017, is made between K2 GMOF HOLDINGS CORPORATION, a Cayman Islands exempted company (the “Corporation”), and K2/D&S MANAGEMENT CO., L.L.C., a Delaware limited liability company (the “Manager”) and amends and restates the prior Investment Management Agreement dated as of May 16, 2016.

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