0000928816-10-000055 Sample Contracts

PUTNAM TAX EXEMPT INCOME FUND MANAGEMENT CONTRACT
Management Contract • January 27th, 2010 • Putnam Tax Exempt Income Fund

This Management Contract is dated as of January 1, 2010 between PUTNAM TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

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MASTER CUSTODIAN AGREEMENT
Master Custodian Agreement • January 27th, 2010 • Putnam Tax Exempt Income Fund • Massachusetts

This Agreement is made as of January 1, 2007 by and among each management investment company identified on Appendix A hereto, each such investment company acting on its own behalf separately from all of the other investment companies and not jointly or jointly and severally with any of the other investment companies (each such investment company and each management investment company made subject to this Agreement in accordance with Section 21.5 below shall hereinafter be referred to as a “Fund”), and STATE STREET BANK and TRUST COMPANY, a Massachusetts trust company (the “Custodian”).

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