0001741773-22-001250 Sample Contracts

Franklin Templeton Variable Insurance Products Trust
Franklin Templeton Variable Insurance Products Trust • April 27th, 2022

We, Franklin Templeton Variable Insurance Products Trust (the “Trust”), comprised of the series listed on Attachment A (each a “Fund”, and collectively, the “Funds”), are a Delaware statutory trust operating as an open-end management investment company or “mutual fund”, which is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and whose shares are registered under the Securities Act of 1933, as amended (the “1933 Act”). We desire to issue one or more series or classes of our authorized but unissued shares of capital stock or beneficial interest (the “Shares”) to authorized persons in accordance with applicable Federal and State securities laws. The Fund’s Shares may be made available in one or more separate series, each of which may have one or more classes.

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AMENDMENT TO FUND SERVICES AGREEMENT
Fund Services Agreement • April 27th, 2022 • Franklin Templeton Variable Insurance Products Trust • New York

This Amendment (“Amendment”) to the FUND SERVICES AGREEMENT, dated January 22, 2020 among FRANKLIN TEMPLETON SERVICES, LLC (the “Customer”) and JPMORGAN CHASE BANK, N.A. (“J.P. Morgan”), as amended from time to time (the “Agreement”), is made and entered into as of January 27, 2021 and shall be effective as of January 29, 2021, between the Customer and J.P. Morgan.

SUBADVISORY AGREEMENT FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST On behalf of FRANKLIN ALLOCATION VIP FUND
Subadvisory Agreement • April 27th, 2022 • Franklin Templeton Variable Insurance Products Trust

THIS SUB-ADVISORY AGREEMENT (the “Agreement”), made as of March 25, 2022, by and between FRANKLIN ADVISERS, INC., a California corporation (“FAV”), and WESTERN ASSET MANAGEMENT COMPANY LIMITED, a private limited liability company incorporated in England and Wales (the “Subadviser”).

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