Asset Allocation Agreement Sample Contracts

FRANKLIN FUND ALLOCATOR SERIES on behalf of its series Franklin Conservative Allocation Fund Franklin Moderate Allocation Fund Franklin Growth Allocation Fund AMENDED AND RESTATED INVESTMENT MANAGEMENT and ASSET ALLOCATION AGREEMENT
Asset Allocation Agreement • April 28th, 2020 • Franklin Fund Allocator Series • California

This INVESTMENT MANAGEMENT and ASSET ALLOCATION AGREEMENT (“Agreement”), dated as of December 29, 2017, is made between FRANKLIN FUND ALLOCATOR SERIES, a Delaware statutory trust (the “Trust”), on behalf of each of its series named above (the “Funds”), and FRANKLIN ADVISERS, INC., a California corporation (the “Adviser”), and amends and restates the prior Amended and Restated Investment Advisory and Asset Allocation Agreement between the Trust, on behalf of the Funds, and the Adviser, dated as of May 1, 2013.

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