0001379491-19-004288 Sample Contracts

FRANKLIN ALTERNATIVE STRATEGIES FUNDS on behalf of FRANKLIN K2 LONG SHORT CREDIT FUND AMENDED AND RESTATED
Investment Management Agreement • September 30th, 2019 • Franklin Alternative Strategies Funds • Delaware

THIS INVESTMENT MANAGEMENT AGREEMENT, dated as of October 1, 2017 is made between FRANKLIN ALTERNATIVE STRATEGIES FUNDS, a Delaware statutory trust (the “Trust”), on behalf of FRANKLIN K2 LONG SHORT CREDIT FUND (the “Fund”), a series of the Trust, and K2/D&S MANAGEMENT CO., L.L.C., a Delaware limited liability company (the “Manager”) and amends and restates the prior Investment Management Agreement between the Trust, on behalf of the Fund, and the Manager dated as of August 1, 2015.

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AMENDMENT TO TERMINAL LINK AGREEMENT
Terminal Link Agreement • September 30th, 2019 • Franklin Alternative Strategies Funds

This Amendment is dated as of the 1st day of August 2019, by and between each of the Investment Companies listed on Exhibit A hereto (the “Fund”) and for each of its Series listed on Exhibit A hereto, and The Bank of New York Mellon (formerly The Bank of New York) (the “Custodian”). Capitalized terms used but not defined herein shall have the meanings given in the Agreement (defined below).

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