0000928816-15-000665 Sample Contracts

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PUTNAM MID CAP VALUE FUND CLASS R DISTRIBUTION PLAN AND AGREEMENT
Distribution Plan and Agreement • May 26th, 2015 • Putnam Investment Funds

This Plan and Agreement (the "Plan") constitutes the Distribution Plan for the Class R shares of Putnam Mid Cap Value Fund, a Massachusetts business trust (the "Trust"), adopted pursuant to the provisions of Rule 12b-1 under the Investment Company Act of 1940 (the "Act") and the related agreement between the Trust and Putnam Retail Management Limited Partnership ("PRM"). During the effective term of this Plan, the Trust may make payments to PRM upon the terms and conditions hereinafter set forth:

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