0000928816-08-000127 Sample Contracts

PUTNAM ASSET ALLOCATION FUNDS DISTRIBUTOR’S CONTRACT
Putnam Asset Allocation Funds • January 28th, 2008

Distributor’s Contract dated August 3, 2007, by and between PUTNAM ASSET ALLOCATION FUNDS, 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 ASSET ALLOCATION FUNDS MANAGEMENT CONTRACT
Putnam Asset Allocation Funds Management Contract • January 28th, 2008 • Putnam Asset Allocation Funds

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

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