SUBADVISORY AGREEMENTSubadvisory Agreement • April 20th, 2016 • Legg Mason Partners Variable Equity Trust • New York
This SUBADVISORY AGREEMENT (“Agreement”) is made this 3rd day of March, 2016, by and between Permal Asset Management LLC (the “Manager”), the investment manager to Permal Alternative Select VIT Portfolio (“Fund”), a series of the Legg Mason Partners Variable 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 Electron Capital Partners, LLC, a Delaware limited liability company (the “Subadviser”).
