0001193125-16-475243 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • February 24th, 2016 • Legg Mason Partners Equity Trust • New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this 2nd day of February, 2016, by and between Permal Asset Management, LLC (the “Manager”), the investment manager to Permal Alternative Select Fund (“Fund”), a series of the Legg Mason Partners Equity Trust (the “Trust”), a Maryland statutory trust registered as a management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), and First Quadrant, L. P., a Delaware limited partnership (the “Subadviser”).

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