0001193125-25-330765 Sample Contracts

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract for Fund Administrative Services • December 23rd, 2025 • Putnam ETF Trust • California

This Subcontract, dated as of July 15, 2024, is between Franklin Advisers, Inc., a California corporation (the “Investment Manager”), and Franklin Templeton Services, LLC (the “Administrator”).

PUTNAM FUNDS SUBADVISORY AGREEMENT
Subadvisory Agreement • December 23rd, 2025 • Putnam ETF Trust • Massachusetts

This Subadvisory Agreement between PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Adviser”) and PANAGORA ASSET MANAGEMENT, INC., a Delaware corporation (the “Subadviser”) is dated as of January 1, 2024.