0001193125-16-600486 Sample Contracts

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

This SUBADVISORY AGREEMENT (“Agreement”) is made this day of , 2016, by and between Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”), and EnTrustPermal Management LLC, a Delaware limited liability company (the “Subadviser”).

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

This SUBADVISORY AGREEMENT (“Agreement”) is made this day of , 2016, by and between EnTrustPermal 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”).

TRADING AGREEMENT
Trading Agreement • May 24th, 2016 • Legg Mason Partners Equity Trust • New York

This TRADING AGREEMENT (the “Agreement”) is made this day of , 2016, by and between EnTrustPermal 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 BH-DG Systematic Trading LLP, an English limited liability partnership (the “Trader”).

MANAGEMENT AGREEMENT EnTrustPermal Management LLC
Management Agreement • May 24th, 2016 • Legg Mason Partners Equity Trust • New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this day of , 2016, by and between Legg Mason Partners Equity Trust (the “Trust”) and EnTrustPermal Management LLC, a Delaware limited liability company (the “Manager”).

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