0001741773-23-002565 Sample Contracts

FRANKLIN INVESTORS SECURITIES TRUST on behalf of FRANKLIN LONG DURATION CREDIT FUND INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • August 21st, 2023 • Franklin Investors Securities Trust • California

THIS INVESTMENT MANAGEMENT AGREEMENT, dated as of August 22, 2023, is made between FRANKLIN INVESTORS SECURITIES TRUST, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN LONG DURATION CREDIT FUND (the “Fund”), a series of the Trust, and FRANKLIN TEMPLETON INSTITUTIONAL, LLC, a Delaware limited liability company (the “Manager”).

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SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • August 21st, 2023 • Franklin Investors Securities Trust

THIS SUB-ADVISORY AGREEMENT (the “Agreement”), made as of the 31st day of March, 2023, by and between FRANKLIN ADVISERS, INC., a California corporation (“FAV”), and FRANKLIN TEMPLETON INSTITUTIONAL, LLC, a Delaware limited liability company (“FT Institutional”).

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