0000928816-24-001677 Sample Contracts

PUTNAM INTERNATIONAL EQUITY FUND
Distributor’s Contract • October 25th, 2024 • Putnam International Equity Fund

Amended and Restated Distributor’s Contract dated August 2, 2024, by and between PUTNAM INTERNATIONAL EQUITY FUND, 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 FRANKLIN DISTRIBUTORS, LLC, a Delaware limited liability company (“Franklin Distributors”).

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PUTNAM FUNDS SUB-ADVISORY CONTRACT
Putnam Funds Sub-Advisory Contract • October 25th, 2024 • Putnam International Equity Fund

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”).

PUTNAM INTERNATIONAL EQUITY FUND MANAGEMENT CONTRACT
Equity Fund Management Contract • October 25th, 2024 • Putnam International Equity Fund

Measuring Class. The “Measuring Class” of shares of the Fund initially is Class A shares of the Fund. If the Trustees determine that a different class of shares of the Fund is the most appropriate for use in calculating the Performance Adjustment, the Trustees may change, with the consent of the Manager, the class of shares used as the Measuring Class without shareholder approval, unless shareholder approval of such change is otherwise required by applicable law. If a different class of shares (“Replacement Measuring Class”) is substituted in calculating the Performance Adjustment, the use of that Replacement Measuring Class of shares for purposes of calculating the Performance Adjustment may apply to the entire Performance Period so long as the Replacement Measuring Class was outstanding at the beginning of such period. If the Replacement Measuring Class of shares was not outstanding for all or a portion of the Performance Period, it may only be used in calculating that portion of the

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