0000837274-15-000021 Sample Contracts

FORM OF INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 20th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

THIS INVESTMENT MANAGEMENT AGREEMENT made between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN VOLSMART ALLOCATION VIP FUND (the “Fund”), a series of the Trust, and FRANKLIN ADVISERS, INC., a California corporation (the “Manager”).

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FORM OF Sub-Advisory Agreement Franklin Templeton Variable Insurance Products Trust Franklin Advisers, Inc. K2/D&S Management Co., L.L.C.
Advisory Agreement • April 20th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

This Sub-Advisory Agreement (the “Agreement”), made as of May 1, 2015, by and between Franklin Advisers, Inc. (“Franklin”), a California corporation, and K2/D&S Management Co., L.L.C. (“K2”), a Delaware limited liability company.

FORM OF Sub-Advisory Agreement Franklin Templeton Variable Insurance Products Trust Franklin Advisers, Inc. Franklin Advisory Services, LLC
Advisory Agreement • April 20th, 2015 • Franklin Templeton Variable Insurance Products Trust • California

This Sub-Advisory Agreement (the “Agreement”), made as of May 1, 2015, by and between Franklin Advisers, Inc. (“Franklin”), a California corporation, and Franklin Advisory Services, LLC (“FASL”), a Delaware limited liability company.

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