0000928816-07-001806 Sample Contracts

PUTNAM HIGH YIELD TRUST DISTRIBUTOR’S CONTRACT
Putnam High Yield Trust • December 26th, 2007

Distributor’s Contract dated August 3, 2007, by and between PUTNAM HIGH YIELD TRUST, a Massachusetts business trust (the “Fund”; each reference in this Contract or in the Terms and Conditions defined below to “a Fund” or “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), and PUTNAM RETAIL MANAGEMENT LIMITED PARTNERSHIP, a Massachusetts limited partnership (“Putnam”).

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PUTNAM HIGH YIELD TRUST MANAGEMENT CONTRACT
Trust Management Contract • December 26th, 2007 • Putnam High Yield Trust

This Management Contract is dated as of August 3, 2007 between PUTNAM HIGH YIELD TRUST, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

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