Common use of Limitation of Liability and Indemnification of Agent Clause in Contracts

Limitation of Liability and Indemnification of Agent. 28 Section 1. Limitation of Liability. 28 Section 2. Indemnification. 29 Section 3. Insurance. 30 Section 4. Derivative Actions. 30 ARTICLE VIII. CERTAIN TRANSACTIONS 31 Section 1. Dissolution of Trust or Series. 31 Section 2. Merger or Consolidation; Conversion; Reorganization. 32 Section 3. Master Feeder Structure. 34 Section 4. Absence of Appraisal or Dissenters’ Rights. 34 ARTICLE IX. AMENDMENTS 34 Section 1. Amendments Generally. 34 ARTICLE X. MISCELLANEOUS 35 Section 1. References; Headings; Counterparts. 35 Section 2. Applicable Law. 35 Section 3. Provisions in Conflict with Law or Regulations. 36

Limitation of Liability and Indemnification of Agent. 28 26 Section 1. Limitation of Liability. 28 Liability 26 Section 2. Indemnification. 29 Indemnification 27 Section 3. Insurance. 30 Insurance 29 Section 4. Derivative ActionsActions 29 Section 5. Jurisdiction and Waiver of Jury Trial 30 ARTICLE VIII. Article VIII CERTAIN TRANSACTIONS 31 30 Section 1. Dissolution of Trust or Series. 31 Series 30 Section 2. Merger or Consolidation; Conversion; Reorganization. 32 Reorganization 31 Section 3. Master Feeder Structure. 34 Structure 33 Section 4. Absence of Appraisal or Dissenters’ Rights. 34 ARTICLE IX. ' Rights 33 Article IX AMENDMENTS 34 Section 1. Amendments Generally. Generally 34 ARTICLE X. Article X MISCELLANEOUS 35 34 Section 1. References; Headings; Counterparts. 35 Counterparts 34 Section 2. Applicable Law. 35 Law 34 Section 3. Provisions in Conflict with Law or RegulationsRegulations 35 Section 4. 36Statutory Trust Only 35 Section 5. Use of the Names "Franklin," "Xxxxxxxxx," "Fiduciary Trust," and/or "Institutional Fiduciary Trust" 35

Limitation of Liability and Indemnification of Agent. 28 26 Section 1. Limitation of Liability. 28 26 Section 2. Indemnification. 29 Indemnification 28 Section 3. Insurance. 30 Insurance 29 Section 4. Derivative Actions. 30 Actions 29 ARTICLE VIII. CERTAIN TRANSACTIONS 31 30 Section 1. Dissolution of Trust or Series. 31 Series 30 Section 2. Merger or Consolidation; Conversion; Reorganization. 32 Reorganization 31 Section 3. Master Feeder Structure. 34 Structure 32 Section 4. Absence of Appraisal or Dissenters’ Rights. 34 Rights 33 ARTICLE IX. AMENDMENTS 34 33 Section 1. Amendments Generally. 34 Generally 33 ARTICLE X. MISCELLANEOUS 35 33 Section 1. References; Headings; Counterparts. 35 Counterparts 33 Section 2. Applicable Law. 35 Law 34 Section 3. Provisions in Conflict with Law or Regulations. 36Regulations 35

Limitation of Liability and Indemnification of Agent. 28 29 Section 1. Limitation of Liability. 28 Liability 29 Section 2. Indemnification. 29 Indemnification 30 Section 3. Insurance. 30 Insurance 31 Section 4. Derivative ActionsActions 32 Section 5. 30 Jurisdiction and Waiver of Jury Trial 32 ARTICLE VIII. CERTAIN TRANSACTIONS 31 33 Section 1. Dissolution of Trust or Series. 31 Series 33 Section 2. Merger or Consolidation; Conversion; Reorganization. 32 Reorganization 34 Section 3. Master Feeder Structure. 34 Structure 36 Section 4. Absence of Appraisal or Dissenters’ Rights. 34 Rights 36 ARTICLE IX. AMENDMENTS 34 37 Section 1. Amendments Generally. 34 Generally 37 ARTICLE X. MISCELLANEOUS 35 37 Section 1. References; Headings; Counterparts. 35 Counterparts 37 Section 2. Applicable Law. 35 Law 37 Section 3. Provisions in Conflict with Law or Regulations. 36Regulations 38