0000928816-08-000383 Sample Contracts

PUTNAM HIGH YIELD ADVANTAGE FUND DISTRIBUTOR’S CONTRACT
Putnam High Yield Advantage Fund • March 26th, 2008

Distributor’s Contract dated August 3, 2007, by and between PUTNAM HIGH YIELD ADVANTAGE FUND, 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 FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds Sub-Management Contract • March 26th, 2008 • Putnam High Yield Advantage Fund

This Sub-Management Contract is dated as of August 3, 2007 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 HIGH YIELD ADVANTAGE FUND MANAGEMENT CONTRACT
Advantage Fund Management Contract • March 26th, 2008 • Putnam High Yield Advantage Fund

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

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