0000928816-10-001538 Sample Contracts

PUTNAM GLOBAL UTILITIES FUND MANAGEMENT CONTRACT
Management Contract • December 30th, 2010 • Putnam Global Utilities Fund

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

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PUTNAM FUNDS SUB-ADVISORY CONTRACT
Sub-Advisory Contract • December 30th, 2010 • Putnam Global Utilities Fund

This Sub-Advisory Contract is dated as of May 15, 2008 between and among PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”), PUTNAM INVESTMENTS LIMITED, a company organized under the laws of England and Wales (“PIL”), and THE PUTNAM ADVISORY COMPANY, LLC, a Delaware limited liability company (the “Sub-Advisor”).

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