0001379491-16-003435 Sample Contracts

INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • April 27th, 2016 • 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 VOLSMART ALLOCATION VIP FUND (the “Fund”), a series of the Trust, and FRANKLIN ADVISERS, INC., a California corporation (the “Manager”).

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MASTER CUSTODY AGREEMENT
Master Custody Agreement • April 27th, 2016 • 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 Master Custody Agreement dated as of February 16, 1996.

AMENDMENT TO MASTER CUSTODY AGREEMENT
Master Custody Agreement • April 27th, 2016 • 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.

Sub-Advisory Agreement Franklin Templeton Variable Insurance Products Trust Franklin Advisers, Inc. Franklin Advisory Services, LLC
Sub-Advisory Agreement • April 27th, 2016 • Franklin Templeton Variable Insurance Products Trust • California

This Sub-Advisory Agreement (the “Agreement”), made as of May 1, 2015, by and between Franklin Advisers, Inc. (“Franklin”), a California corporation, and Franklin Advisory Services, LLC (“FASL”), a Delaware limited liability company.

Sub-Advisory Agreement Franklin Templeton Variable Insurance Products Trust Franklin Advisers, Inc. K2/D&S Management Co., L.L.C.
Sub-Advisory Agreement • April 27th, 2016 • Franklin Templeton Variable Insurance Products Trust • California

This Sub-Advisory Agreement (the “Agreement”), made as of May 1, 2015, by and between Franklin Advisers, Inc. (“Franklin”), a California corporation, and K2/D&S Management Co., L.L.C. (“K2”), a Delaware limited liability company.

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Fund Administrative Services • April 27th, 2016 • Franklin Templeton Variable Insurance Products Trust • California

This Subcontract, dated as of May 1, 2014, and amended as of May 1, 2016, is between Franklin Alternative Strategies Advisers, LLC, a Delaware limited liability company (the “Investment Manager”), and Franklin Templeton Services, LLC (“Administrator”).

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract For • April 27th, 2016 • Franklin Templeton Variable Insurance Products Trust • California

This Subcontract, dated as of May 1, 2014, and amended as of May 1, 2016, is between Franklin Templeton Institutional, LLC, a Delaware limited liability company (the “Investment Manager”) and Franklin Templeton Services, LLC (“Administrator”).

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Fund Administrative Services • April 27th, 2016 • Franklin Templeton Variable Insurance Products Trust • California

This Subcontract, dated as of May 1, 2014, and amended as of May 1, 2016, is between Franklin Advisers, Inc., a California corporation (the “Investment Manager”) and Franklin Templeton Services, LLC (“Administrator”).

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