0000928816-23-000041 Sample Contracts

PUTNAM ETF TRUST MANAGEMENT CONTRACT
Management Contract • January 18th, 2023 • Putnam ETF Trust

This Management Contract (the “Contract”) is dated as of January 18, 2023 between PUTNAM ETF TRUST, a Delaware statutory trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

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PUTNAM FUNDS AMENDED AND RESTATED SUB-MANAGEMENT CONTRACT
Sub-Management Contract • January 18th, 2023 • Putnam ETF Trust

This amended and restated Sub-Management Contract is dated as of January 18, 2023 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 FUNDS SUBADVISORY Agreement
Subadvisory Agreement • January 18th, 2023 • Putnam ETF Trust

This Subadvisory Agreement between PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Adviser”) and PANAGORA ASSET MANAGEMENT, INC., a Delaware corporation (the “Subadviser”) is dated as of January 18, 2023.

January 18, 2023 State Street Bank and Trust Company 200 Newport Ave North Quincy, MA 02171 Attention: Steven Bagley Jr., Managing Director
Master Custodian Agreement • January 18th, 2023 • Putnam ETF Trust

In accordance with Section 21.5, the Additional Funds provision of the Master Custodian Agreement dated as of January 1, 2007 (as amended, the “Agreement”) between each management investment company identified on Appendix A thereto and State Street Bank and Trust Company (“State Street”), each undersigned New Putnam ETF Fund hereby requests that your bank act as its Custodian under the terms of the Agreement. In connection with such request, each New Putnam ETF Fund hereby confirms to you, as of the date hereof, its representations and warranties set forth in Section 10 of the Agreement. An updated Appendix A to the Agreement reflecting this addition is attached.

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