0000928816-13-000627 Sample Contracts

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Sub-Management Contract • 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”).