0001193125-25-330796 Sample Contracts

AMENDED AND RESTATED MASTER INTERFUND LENDING AGREEMENT
Master Interfund Lending Agreement • December 23rd, 2025 • Putnam Investment Funds • Massachusetts

This Amended and Restated Master Interfund Lending Agreement (as further amended, restated, supplemented or otherwise modified from time to time, the “Master Agreement”), dated as of November 22, 2024 (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”), Putnam Investment Management, LLC (“Putnam Management”), and Franklin Advisers, Inc. (“Franklin Advisers,” and, together with Putnam Management, the “Advisers”).

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract for Fund Administrative Services • December 23rd, 2025 • Putnam Investment Funds • 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”).