Putnam Funds Sample Contracts

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • March 15th, 2013 • Putnam Funds Trust

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”).

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PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • November 26th, 2019 • Putnam Tax Free Income Trust

This Sub-Management Contract is dated as of February 27, 2014 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”).

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • December 29th, 2008 • Putnam Global Natural Resources 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”).

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • October 27th, 2020 • Putnam Sustainable Leaders Fund

This Sub-Management Contract is dated as of February 27, 2014 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”).

PUTNAM FUNDS amended and restated SUB-MANAGEMENT CONTRACT
Putnam Funds • September 28th, 2023 • Putnam Pennsylvania Tax Exempt Income Fund

This Sub-Management Contract is dated as of July 1, 2022 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”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • March 15th, 2013 • 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”).

PUTNAM FUNDS AMENDED AND RESTATED SUB-ADVISORY CONTRACT
Putnam Funds • April 28th, 2023 • Putnam Variable Trust

This Sub-Advisory Contract is dated as of July 1, 2022 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”).

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • April 26th, 2013 • Putnam Variable Trust

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”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • January 27th, 2020 • Putnam Asset Allocation Funds

This Sub-Advisory Contract is dated as of February 27, 2014 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”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • October 27th, 2021 • Putnam International Equity Fund

This Sub-Advisory Contract is dated as of February 27, 2014 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”).

PUTNAM FUNDS AMENDED AND RESTATED SUB-MANAGEMENT CONTRACT
Putnam Funds • January 18th, 2023 • Putnam ETF Trust

This amended and restated Sub-Management Contract is dated as of January 18, 2023 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”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • January 15th, 2010 • 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”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • October 27th, 2006 • Putnam International Equity Fund /Ma/

Sub-Advisory Contract dated as of July 14, 2006 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”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • January 27th, 2009 • Putnam Asset Allocation Funds

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”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • June 27th, 2013 • Putnam Investment Funds

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”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • June 28th, 2012 • 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”).

PUTNAM FUNDS AMENDED AND RESTATED SUB-ADVISORY CONTRACT
Putnam Funds • July 28th, 2022 • Putnam Funds Trust

This Sub-Advisory Contract is dated as of July 1, 2022 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”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds • December 30th, 2010 • Putnam Global Utilities Fund

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”).

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • November 23rd, 2012 • Putnam Funds Trust

This Sub-Management Contract is dated as of November 9, 2012 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”).

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • June 26th, 2009 • Putnam Funds Trust

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”).

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