0000928816-16-002011 Sample Contracts

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Sub-Management Contract • January 28th, 2016 • Putnam Tax Exempt Money Market Fund

This Sub-Management Contract is dated as of February 27, 2014 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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