SUBADVISORY AGREEMENT Franklin Templeton Variable Insurance Products Trust On behalf of TEMPLETON DEVELOPING MARKETS VIP FUNDSubadvisory Agreement • February 23rd, 2021 • Franklin Templeton Variable Insurance Products Trust • California
THIS SUB-ADVISORY AGREEMENT (the “Agreement”), made as of the 9th day of November 2020, by and between TEMPLETON ASSET MANAGEMENT LTD., a public company limited by shares incorporated in Singapore (“TAML”), and FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED, a company limited by shares incorporated in England (“FTIML”).
