0001022804-15-000010 Sample Contracts

MASTER CUSTODY AGREEMENT

Master Custody Agreement • February 13th, 2015 • Franklin Fund Allocator Series

• Contract Type
  Master Custody Agreement
• Filed
  February 13th, 2015
• Company
  Franklin Fund Allocator Series

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Master Custody Agreement dated as of February 16, 1996.

TERMINAL LINK AGREEMENT

Terminal Link Agreement • February 13th, 2015 • Franklin Fund Allocator Series

• Contract Type
  Terminal Link Agreement
• Filed
  February 13th, 2015
• Company
  Franklin Fund Allocator Series

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Master Custody Agreement dated as of February 16, 1996.

FRANKLIN FUND ALLOCATOR SERIES

Franklin Fund Allocator Series • February 13th, 2015 • Franklin Fund Allocator Series • California

• Contract Type
  Franklin Fund Allocator Series
• Filed
  February 13th, 2015
• Company
  Franklin Fund Allocator Series
• Jurisdiction
  California

This INVESTMENT MANAGEMENT and ASSET ALLOCATION AGREEMENT (“Agreement”), dated as of May 1, 2015, is made between FRANKLIN FUND ALLOCATOR SERIES, a Delaware business trust (the “Trust”), on behalf of the series named above (the “Fund”), and FRANKLIN ADVISERS, INC., a California corporation, (the “Adviser”).

FORM OF SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES

Fund Administrative Services • February 13th, 2015 • Franklin Fund Allocator Series • California

• Contract Type
  Fund Administrative Services
• Filed
  February 13th, 2015
• Company
  Franklin Fund Allocator Series
• Jurisdiction
  California

This Subcontract, dated as of May 1, 2015, is between Franklin Advisers, Inc., a California corporation (the “Investment Manager”), and Franklin Templeton Services, LLC (“Administrator”).