0000928816-07-001443 Sample Contracts

PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND DISTRIBUTOR’S CONTRACT
Putnam Arizona Tax Exempt Income Fund • September 28th, 2007

Distributor’s Contract dated August 3, 2007, by and between PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”; each reference in this Contract or in the Terms and Conditions defined below to “a Fund” or “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), and PUTNAM RETAIL MANAGEMENT LIMITED PARTNERSHIP, a Massachusetts limited partnership (“Putnam”).

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PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND MANAGEMENT CONTRACT
Putnam New Jersey Tax Exempt Income Fund Management Contract • September 28th, 2007 • Putnam Arizona Tax Exempt Income Fund

This Management Contract is dated as of August 3, 2007 between PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

Sample 1
PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND MANAGEMENT CONTRACT
Putnam Pennsylvania Tax Exempt Income Fund Management Contract • September 28th, 2007 • Putnam Arizona Tax Exempt Income Fund

This Management Contract is dated as of August 3, 2007 between PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

Sample 1
PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND MANAGEMENT CONTRACT
Putnam Massachusetts Tax Exempt Income Fund Management Contract • September 28th, 2007 • Putnam Arizona Tax Exempt Income Fund

This Management Contract is dated as of August 3, 2007 between PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

Sample 1
PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND DISTRIBUTOR’S CONTRACT
Putnam Pennsylvania Tax Exempt • September 28th, 2007 • Putnam Arizona Tax Exempt Income Fund

Distributor’s Contract dated August 3, 2007, by and between PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”; each reference in this Contract or in the Terms and Conditions defined below to “a Fund” or “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), and PUTNAM RETAIL MANAGEMENT LIMITED PARTNERSHIP, a Massachusetts limited partnership (“Putnam”).

Sample 1
PUTNAM ARIZONA TAX EXEMPT INCOME FUND MANAGEMENT CONTRACT
Putnam Arizona Tax Exempt Income Fund Management Contract • September 28th, 2007 • Putnam Arizona Tax Exempt Income Fund

This Management Contract is dated as of August 3, 2007 between PUTNAM ARIZONA TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

Sample 1
PUTNAM OHIO TAX EXEMPT INCOME FUND MANAGEMENT CONTRACT
Putnam Ohio Tax Exempt Income Fund Management Contract • September 28th, 2007 • Putnam Arizona Tax Exempt Income Fund

This Management Contract is dated as of August 3, 2007 between PUTNAM OHIO TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

Sample 1
PUTNAM MICHIGAN TAX EXEMPT INCOME FUND MANAGEMENT CONTRACT
Putnam Michigan Tax Exempt Income Fund Management Contract • September 28th, 2007 • Putnam Arizona Tax Exempt Income Fund

This Management Contract is dated as of August 3, 2007 between PUTNAM MICHIGAN TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

Sample 1
PUTNAM MINNESOTA TAX EXEMPT INCOME FUND MANAGEMENT CONTRACT
Putnam Minnesota Tax Exempt Income Fund Management Contract • September 28th, 2007 • Putnam Arizona Tax Exempt Income Fund

This Management Contract is dated as of August 3, 2007 between PUTNAM MINNESOTA TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

Sample 1
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