0001741773-24-002754 Sample Contracts

FEE WAIVER AND/OR EXPENSE REIMBURSEMENT AGREEMENT
Expense Reimbursement Agreement • June 26th, 2024 • Franklin Municipal Securities Trust

THIS Fee Waiver and/or Expense Reimbursement Agreement (“Agreement”), dated as of June 1, 2020, is made between each investment company listed on the Schedules hereto (each, a “Trust”), for itself and, as applicable, for each of its series listed on the Schedules hereto (each, a “Fund”), and each of the Franklin Templeton entities that serve as investment manager, administrator and transfer agent for a Fund (“Management”), as identified on the signature page hereto, effective with respect to each Fund and/or class of shares of a Fund (each, a “Class”) as of the date indicated on the Schedules hereto.

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