0000928816-24-000256 Sample Contracts

PUTNAM ASSET ALLOCATION FUNDS AMENDED AND RESTATED DISTRIBUTOR’S CONTRACT
Distributor’s Contract • January 26th, 2024 • Putnam Asset Allocation Funds

Amended and Restated Distributor’s Contract dated January 1, 2024, by and between PUTNAM ASSET ALLOCATION FUNDS, a Massachusetts business trust (the “Fund”; each reference in this Contract or in the Terms and Conditions defined below to “a Fund” or “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), and PUTNAM RETAIL MANAGEMENT LIMITED PARTNERSHIP, a Massachusetts limited partnership (“Putnam”).

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PUTNAM ASSET ALLOCATION FUNDS MANAGEMENT CONTRACT
Management Contract • January 26th, 2024 • Putnam Asset Allocation Funds

This Management Contract is dated as of January 1, 2024 between PUTNAM ASSET ALLOCATION FUNDS, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

PUTNAM FUNDS SUB-ADVISORY CONTRACT
Sub-Advisory Contract • January 26th, 2024 • Putnam Asset Allocation Funds

This Sub-Advisory Contract is dated as of January 1, 2024 between and among PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”), PUTNAM INVESTMENTS LIMITED, a company organized under the laws of England and Wales (“PIL”), and THE PUTNAM ADVISORY COMPANY, LLC, a Delaware limited liability company (the “Sub-Advisor”).

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