0000928816-11-000774 Sample Contracts

MASTER INTERFUND LENDING AGREEMENT
Master Interfund Lending Agreement • June 3rd, 2011 • Putnam Funds Trust • Massachusetts

This Master Interfund Lending Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Master Agreement”), dated as of July 16, 2010 (the “Effective Date”), is by and among each investment company listed on Schedule A or Schedule B hereto (collectively, the “Trusts,” and each portfolio series of a Trust (or if the relevant Trust has no portfolio series, then the relevant Trust) shall be referred to herein as a “Fund” and collectively as the “Funds”) and Putnam Investment Management, LLC (the “Adviser”).

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PUTNAM FUNDS TRUST MANAGEMENT CONTRACT
Management Contract • June 3rd, 2011 • Putnam Funds Trust

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

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • June 3rd, 2011 • Putnam Funds Trust

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

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