0000928816-12-000553 Sample Contracts

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • March 29th, 2012 • Putnam High Yield Advantage Fund

This Sub-Management Contract is dated as of May 15, 2008 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”).

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