0001379491-17-005702 Sample Contracts

Franklin Templeton ETF Trust on behalf of Franklin Liberty MUNICIPAL BOND ETF INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • August 30th, 2017 • Franklin Templeton ETF Trust • California

THIS INVESTMENT MANAGEMENT AGREEMENT, dated as of April 1, 2017, is made between FRANKLIN TEMPLETON ETF TRUST, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN LIBERTY MUNICIPAL BOND ETF (the “Fund”), a series of the Trust, and FRANKLIN ADVISERS, INC., a California corporation (the “Manager”).

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SUBADVISORY AGREEMENT FRANKLIN TEMPLETON ETF TRUST on behalf of
Subadvisory Agreement • August 30th, 2017 • Franklin Templeton ETF Trust • California

THIS SUBADVISORY AGREEMENT (the “Agreement”) is made as of January 25, 2017 by and between FRANKLIN ADVISERS, INC., a California corporation (“FAV”), and TEMPLETON ASSET MANAGEMENT LTD., a public company limited by shares incorporated in Singapore (“TAML”), with respect to Franklin Liberty International Opportunities ETF (the “Fund”), a series of Franklin Templeton ETF Trust (the “Trust”).

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Fund Administrative Services • August 30th, 2017 • Franklin Templeton ETF Trust • California

This Subcontract, dated as of April 18, 2016, is between Franklin Advisers, Inc. (the “Investment Manager”), and Franklin Templeton Services, LLC (the “Administrator”).

SUBADVISORY AGREEMENT FRANKLIN TEMPLETON ETF TRUST on behalf of
Subadvisory Agreement • August 30th, 2017 • Franklin Templeton ETF Trust • California

THIS SUBADVISORY AGREEMENT (the “Agreement”) is made as of January 25, 2017 by and between FRANKLIN ADVISERS, INC., a California corporation (“FAV”), and FRANKLIN TEMPLETON INVESTMENTS CORP., an Ontario, Canada corporation (“FTIC”), with respect to Franklin Liberty International Opportunities ETF (the “Fund”), a series of Franklin Templeton ETF Trust (the “Trust”).

SUBADVISORY AGREEMENT FRANKLIN TEMPLETON ETF TRUST on behalf of
Subadvisory Agreement • August 30th, 2017 • Franklin Templeton ETF Trust

THIS SUBADVISORY AGREEMENT (the “Agreement”) is made as of January 25, 2017 by and between FRANKLIN ADVISERS, INC., a California corporation (“FAV”), and FRANKLIN TEMPLETON INVESTMENT TRUST MANAGEMENT CO., LTD., a stock company formed under the commercial code of Korea (“FT Korea”), with respect to Franklin Liberty International Opportunities ETF (the “Fund”), a series of Franklin Templeton ETF Trust (the “Trust”).

SUBADVISORY AGREEMENT FRANKLIN TEMPLETON ETF TRUST on behalf of
Subadvisory Agreement • August 30th, 2017 • Franklin Templeton ETF Trust • California

THIS SUBADVISORY AGREEMENT (the “Agreement”) is made as of January 25, 2017 by and between FRANKLIN ADVISERS, INC., a California corporation (“FAV”), and FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED, a company limited by shares incorporated in England (“FTIML”), with respect to Franklin Liberty International Opportunities ETF (the “Fund”), a series of Franklin Templeton ETF Trust (the “Trust”).

SUBADVISORY AGREEMENT FRANKLIN TEMPLETON ETF TRUST on behalf of
Subadvisory Agreement • August 30th, 2017 • Franklin Templeton ETF Trust • California

THIS SUBADVISORY AGREEMENT (the “Agreement”) is made as of January 25, 2017 by and between FRANKLIN ADVISERS, INC., a California corporation (“FAV”), and FRANKLIN TEMPLETON INVESTMENTS (ME) LIMITED, a limited company incorporated under the laws of Dubai International Financial Centre, United Arab Emirates (“FTIME”), with its registered address at Gate Building, East Wing, 2nd Floor, PO Box 506613, Dubai International Financial Centre, Dubai, United Arab Emirates, with respect to Franklin Liberty International Opportunities ETF (the “Fund”), a series of Franklin Templeton ETF Trust (the “Trust”).

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