0000928816-16-002469 Sample Contracts

MASTER INTERFUND LENDING AGREEMENT
Master Interfund Lending Agreement • March 25th, 2016 • Putnam Investment Funds • Massachusetts

This 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”).

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AMENDED & RESTATED INVESTOR SERVICING AGREEMENT — OPEN-END FUNDS
Investor Servicing Agreement • March 25th, 2016 • Putnam Investment Funds • Massachusetts

This AGREEMENT is made as of the 1st day of July, 2013, between each of the Putnam Funds listed in Appendix A hereto (as the same may from time to time be amended to add one or more additional Putnam Funds or to delete one or more of such Funds), each of such Funds acting severally on its own behalf and not jointly with any of such other Funds (each of such Funds being hereinafter referred to as the “Fund”), and Putnam Investment Management, LLC (the “Manager”), a Delaware limited liability company, and Putnam Investor Services, Inc. (the “Agent”), a Massachusetts corporation, and amends and restates the Amended and Restated Investor Servicing Agreement dated as of January 1, 2009 between each of the Funds, the Manager, and the Agent.

PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds • March 25th, 2016 • Putnam Investment Funds

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”).

PUTNAM INVESTMENT FUNDS AMENDED AND RESTATED MANAGEMENT CONTRACT
Management Contract • March 25th, 2016 • Putnam Investment Funds

This Management Contract is dated as of February 27, 2014 and amended and restated as of October 16, 2015, between PUTNAM INVESTMENT FUNDS, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

PUTNAM INVESTMENT FUNDS AMENDED AND RESTATED CLASS R DISTRIBUTION PLAN AND AGREEMENT
Class R Distribution Plan and Agreement • March 25th, 2016 • Putnam Investment Funds

This Plan and Agreement (the "Plan") constitutes the Distribution Plan for the Class R shares of each portfolio series (each a "Fund" and collectively the "Funds") of Putnam Investment Funds, 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:

PUTNAM INVESTMENT FUNDS CLASS T DISTRIBUTION PLAN AND AGREEMENT
Distribution Plan and Agreement • March 25th, 2016 • Putnam Investment Funds

This Plan and Agreement (the "Plan") constitutes the Distribution Plan for the Class T shares of each portfolio series (each a “Fund” and collectively the “Funds”) of Putnam Investment Funds, 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, a Trust may make payments to PRM upon the terms and conditions hereinafter set forth:

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