SUBADVISORY AGREEMENT TEMPLETON DEVELOPING MARKETS TRUSTSubadvisory Agreement • March 1st, 2021 • Templeton Developing Markets Trust • California
Contract Type FiledMarch 1st, 2021 Company JurisdictionTHIS SUB-ADVISORY AGREEMENT (the “Agreement”), made as of the 9th day of November 2020, by and between TEMPLETON ASSET MANAGEMENT LTD., a public company limited by shares incorporated in Singapore (“TAML”), and FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED, a company limited by shares incorporated in England (“FTIML”).