0000928816-23-001566 Sample Contracts

PUTNAM FUNDS amended and restated SUB-MANAGEMENT CONTRACT
Sub-Management Contract • November 22nd, 2023 • Putnam Target Date Funds

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”).

July 27, 2023
Fee Waiver and Expense Reimbursement Agreement • November 22nd, 2023 • Putnam Target Date Funds

Putnam Investment Management, LLC (“PIM”) hereby contractually agrees, as of the date hereof, with respect to the funds specified below or in Schedule A, Schedule B, or Schedule C, to waive fees and reimburse certain expenses in the manner provided below: