0000928816-10-000173 Sample Contracts

PUTNAM VARIABLE TRUST MANAGEMENT CONTRACT
Management Contract • February 16th, 2010 • Putnam Variable Trust

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

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