0000928816-24-000326 Sample Contracts

PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND MANAGEMENT CONTRACT
Management Contract • February 9th, 2024 • Putnam California Tax Exempt Income Fund

This Management Contract is dated as of January 31, 2024 between PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).

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PUTNAM FUNDS SUB-MANAGEMENT CONTRACT
Putnam Funds Sub-Management Contract • February 9th, 2024 • Putnam California Tax Exempt Income Fund

This Sub-Management Contract is dated as of January 1, 2024 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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