0000928816-10-001222 Sample Contracts

MASTER CUSTODIAN AGREEMENT
Master Custodian Agreement • October 28th, 2010 • Putnam Europe Equity Fund • Massachusetts

This Agreement is made as of January 1, 2007 by and among each management investment company identified on Appendix A hereto, each such investment company acting on its own behalf separately from all of the other investment companies and not jointly or jointly and severally with any of the other investment companies (each such investment company and each management investment company made subject to this Agreement in accordance with Section 21.5 below shall hereinafter be referred to as a “Fund”), and STATE STREET BANK and TRUST COMPANY, a Massachusetts trust company (the “Custodian”).

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PUTNAM EUROPE EQUITY FUND MANAGEMENT CONTRACT
Management Contract • October 28th, 2010 • Putnam Europe Equity Fund

This Management Contract is dated as of January 1, 2010 between PUTNAM EUROPE EQUITY FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

MASTER SUB-ACCOUNTING SERVICES AGREEMENT
Master Accounting Services Agreement • October 28th, 2010 • Putnam Europe Equity Fund • Massachusetts

This AGREEMENT is made as of January 1, 2007 by and between PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company, having its principal place of business at 1 Post Office Square, Boston, Massachusetts 02109 (the “Administrator”), and STATE STREET BANK AND TRUST COMPANY, a Massachusetts trust company, having its principal place of business at 225 Franklin Street, Boston, Massachusetts 02110 (the "Sub-Accounting Agent").

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • October 28th, 2010 • Putnam Europe Equity Fund

This Sub-Management Contract is dated as of May 15, 2008 between PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”) and PUTNAM INVESTMENTS LIMITED, a company organized under the laws of England and Wales (the “Sub-Manager”).

AMENDED AND RESTATED INVESTOR SERVICING AGREEMENT
Investor Servicing Agreement • October 28th, 2010 • Putnam Europe Equity Fund • Massachusetts

This AGREEMENT is made as of the 1st day of January, 2009, between each of the Putnam Funds listed in Appendix A hereto (as the same may from time to time be amended to add one or more additional Putnam Funds or to delete one or more of such Funds), each of such Funds acting severally on its own behalf and not jointly with any of such other Funds (each of such Funds being hereinafter referred to as the “Fund”), and Putnam Investment Management, LLC (the “Manager”), a Delaware limited liability company, and Putnam Investor Services, Inc. (the “Agent”), a Massachusetts corporation, and amends and restates the Investor Servicing Agreement dated as of January 1, 2005 between each of the Funds, the Manager, and Putnam Fiduciary Trust Company (“PFTC”).

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