0001379491-19-003981 Sample Contracts

Franklin Templeton ETF Trust on behalf of Franklin liberty US CORE BOND etf form of INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • September 9th, 2019 • Franklin Templeton ETF Trust • California

THIS INVESTMENT MANAGEMENT AGREEMENT, effective as of September 17, 2019, is made between FRANKLIN TEMPLETON ETF TRUST, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN LIBERTY US CORE BOND ETF (the “Fund”), a series of the Trust, and FRANKLIN ADVISERS, INC., a California corporation (the “Manager”).

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FORM OF SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract for Fund Administrative Services • September 9th, 2019 • Franklin Templeton ETF Trust • California

This Subcontract, dated as of September 17, 2019, is between Franklin Advisers, Inc. (the “Investment Manager”), and Franklin Templeton Services, LLC (the “Administrator”).

AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • September 9th, 2019 • Franklin Templeton ETF Trust • Delaware

This Amendment, dated as of October 1, 2019, is to the Investment Management Agreement made as of April 18, 2016 (the “Agreement”) by and between FRANKLIN TEMPLETON ETF TRUST, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN LIBERTY U.S. LOW VOLATILITY ETF (the “Fund”), a series of the Trust, and FRANKLIN ADVISERS, INC., a California corporation (the “Manager”).

AMENDMENT TO AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • September 9th, 2019 • Franklin Templeton ETF Trust • Delaware

This Amendment, effective as of August 1, 2019, is to the Amended and Restated Investment Management Agreement (the “Agreement”) made as of December 1, 2017 by and between FRANKLIN TEMPLETON ETF TRUST, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN LIBERTYQ EMERGING MARKETS ETF (the “Fund”), a series of the Trust, and FRANKLIN ADVISERS, INC. (“FAV”), a California corporation, as assigned by FAV to FRANKLIN ADVISORY SERVICES, LLC, a Delaware limited liability company (the “Manager”), pursuant to the Assignment and Assumption Agreement dated as of February 1, 2019.

AMENDMENT TO AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • September 9th, 2019 • Franklin Templeton ETF Trust • Delaware

This Amendment, effective as of August 1, 2019, is to the Amended and Restated Investment Management Agreement (the “Agreement”) made as of December 1, 2017 by and 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. (“FAV”), a California corporation, as assigned by FAV to FRANKLIN ADVISORY SERVICES, LLC, a Delaware limited liability company (the “Manager”), pursuant to the Assignment and Assumption Agreement dated as of February 1, 2019.

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