0001379491-13-000261 Sample Contracts

AMENDED AND RESTATED FUND ADMINISTRATION AGREEMENT
Fund Administration Agreement • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

This Agreement, dated as of April 17, 2012, is between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (the “Trust”), a Delaware statutory trust, on behalf of FRANKLIN GLOBAL REAL ESTATE SECURITIES FUND (the “Fund”), and FRANKLIN TEMPLETON SERVICES, LLC (“Administrator”), and amends and restates the prior Fund Administration Agreement between the Trust on behalf of the Fund and Administrator.

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AMENDMENT TO MASTER CUSTODY AGREEMENT
Master Custody Agreement • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust

The following is a list of the Investment Companies and their respective Series for which the Custodian shall serve under the Amendment dated May 16, 2001 to that certain Master Custody Agreement dated as of February 16, 1996.

AMENDED AND RESTATED SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Fund Administrative Services • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

This Subcontract, dated as of April 17, 2012, is between Templeton Global Advisers Limited, LLC, a corporation organized under the laws of the Bahamas (the “Investment Manager”), and Franklin Templeton Services, LLC (“Administrator”) and amends and restates the prior Subcontract for Fund Administrative Services between the parties dated as of May 1, 2007.

SUBADVISORY AGREEMENT FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST on behalf of
Subadvisory Agreement • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

THIS SUBADVISORY AGREEMENT made as of April 1, 2013 by and between FRANKLIN ADVISERS, INC., a corporation organized and existing under the laws of the State of California (hereinafter called “FAV”), and TEMPLETON ASSET MANAGEMENT LTD., a corporation organized under the laws of and based in Singapore (hereinafter called “TAML”).

SUBADVISORY AGREEMENT FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST on behalf of
Subadvisory Agreement • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

THIS SUBADVISORY AGREEMENT made as of April 1, 2013 by and between FRANKLIN ADVISERS, INC., a corporation organized and existing under the laws of

INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 29th, 2013 • 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 MANAGED VOLATILITY GLOBAL ALLOCATION VIP FUND (the “Fund”), a series of the Trust, and FRANKLIN ADVISERS, INC., a California corporation (the “Manager”).

INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

THIS INVESTMENT MANAGEMENT AGREEMENT made between MVGAF HOLDINGS CORPORATION, a corporation organized under the laws of the Cayman Islands (the “Company”) and FRANKLIN ADVISERS, INC., a California corporation (the “Manager”).

AMENDED AND RESTATED FUND ADMINISTRATION AGREEMENT
Fund Administration Agreement • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

This Agreement, dated as of April 17, 2012, is between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (the “Trust”), a Delaware statutory trust, on behalf of FRANKLIN FLEX CAP GROWTH SECURITIES FUND, FRANKLIN LARGE CAP VALUE SECURITIES FUND, and FRANKLIN SMALL-MID CAP GROWTH SECURITIES FUND (each, the “Fund”), and FRANKLIN TEMPLETON SERVICES, LLC (“Administrator”), and amends and restates the prior Fund Administration Agreement between the Trust on behalf of the Fund and Administrator.

SUBADVISORY AGREEMENT FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST on behalf of
Subadvisory Agreement • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

THIS SUBADVISORY AGREEMENT made as of April 1, 2013 by and between FRANKLIN ADVISERS, INC., a corporation organized and existing under the laws of the State of California (hereinafter called “FAV”), and FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED (“FTIML”), a corporation existing under the laws of the United Kingdom.

AMENDED AND RESTATED FUND ADMINISTRATION AGREEMENT
Fund Administration Agreement • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

This Agreement, dated as of April 17, 2012, is between FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST (the “Trust”), a Delaware statutory trust, on behalf of FRANKLIN SMALL CAP VALUE SECURITIES FUND, MUTUAL GLOBAL DISCOVERY SECURITIES FUND, MUTUAL SHARES SECURITIES FUND, TEMPLETON DEVELOPING MARKETS SECURITIES FUND and TEMPLETON FOREIGN SECURITIES FUND (each, the “Fund”), and FRANKLIN TEMPLETON SERVICES, LLC (“Administrator”), and amends and restates the prior Fund Administration Agreement between the Trust on behalf of the Fund and Administrator.

SUBCONTRACT FOR ADMINISTRATIVE SERVICES
Subcontract For • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

This Subcontract, dated as of April 1, 2013, is between Franklin Advisers, Inc., a California corporation (the “Investment Manager”), and Franklin Templeton Services, LLC (“Administrator”) with regard to administrative services provided to certain controlled foreign corporations organized under the laws of the Cayman Islands (each a “CFC”).

AMENDED AND RESTATED SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Fund Administrative Services • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California
SUBADVISORY AGREEMENT
Subadvisory Agreement • April 29th, 2013 • Franklin Templeton Variable Insurance Products Trust • California

THIS SUBADVISORY AGREEMENT made as of April 1, 2013 by and between FRANKLIN ADVISERS, INC., a corporation organized and existing under the laws of the State of California (hereinafter called “FAV”), and PELAGOS CAPITAL MANAGEMENT, LLC, a Delaware limited liability company (hereinafter called “PELAGOS”).

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