MASTER INTERFUND LENDING AGREEMENTMaster Interfund Lending Agreement • February 22nd, 2016 • Putnam Variable Trust • Massachusetts
Contract Type FiledFebruary 22nd, 2016 Company JurisdictionThis Master Interfund Lending Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Master Agreement”), dated as of July 16, 2010 (the “Effective Date”), is by and among each investment company listed on Schedule A or Schedule B hereto (collectively, the “Trusts,” and each portfolio series of a Trust (or if the relevant Trust has no portfolio series, then the relevant Trust) shall be referred to herein as a “Fund” and collectively as the “Funds”) and Putnam Investment Management, LLC (the “Adviser”).