0000928816-24-001993 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • November 26th, 2024 • Putnam Tax Free Income Trust • Delaware

This Indemnification Agreement (the “Agreement”) is made as of the date set forth on the signature page by and between Putnam ETF Trust, a Delaware statutory trust (the “Trust”), and the Trustee of the Trust whose name is set forth on the signature page (the “Trustee”).

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PUTNAM TAX-FREE INCOME TRUST
Distributor's Contract • November 26th, 2024 • Putnam Tax Free Income Trust

Amended and Restated Distributor’s Contract dated August 2, 2024, by and between PUTNAM TAX-FREE INCOME TRUST, 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”).

DEALER SERVICE AGREEMENT Between:
Dealer Service Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

We are pleased to inform you that, pursuant to the terms of this Dealer Service Agreement, we are authorized to pay you service fees in connection with the accounts of your customers that hold shares of Putnam Funds that have adopted distribution plans pursuant to Rule 12b-1 (the “12b-1 Funds”). Payment of the service fees is subject to your initial and continuing satisfaction of the following terms and conditions, which may be revised by us from time to time: (see Schedule1)

ASSIGNMENT AND ASSUMPTION AGREEMENT
Assignment and Assumption Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

This Assignment and Assumption Agreement is made as of July 15, 2024, by and between Franklin Advisers, Inc. (“FAV”) and Putnam Investment Management, LLC (“PIM”), each an indirect, wholly-owned subsidiary of Franklin Resources, Inc.

PUTNAM TAX-FREE INCOME TRUST MANAGEMENT CONTRACT
Management Contract • November 26th, 2024 • Putnam Tax Free Income Trust

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

AMENDMENT NO. 12 TO CREDIT AGREEMENT
Credit Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

AMENDMENT NO. 12 (this “Amendment”), dated as of April 30, 2024 to the Credit Agreement, dated as of September 24, 2015, among each trust listed on Schedule 2 hereto, the Banks and other lending institutions party thereto (the “Existing Banks”), and State Street Bank and Trust Company, as Agent (in such capacity the “Agent”), as amended, supplemented or otherwise modified by Joinder Agreement No. 1, dated as of August 29, 2016, Letter Agreement, dated as of August 29, 2016, Amendment No. 1 to Credit Agreement, dated as of September 22, 2016, Notice Letter, dated October 5, 2016, Notice Letter, dated February 22, 2017, Notice Letter, dated April 19, 2017, Amendment No. 2 to Credit Agreement, dated as of September 21, 2017, Amendment No. 3 to Credit Agreement, dated as of September 20, 2018, Consent No. 1, dated as of November 30, 2018, Notice Letter, dated May 31, 2019, Consent No. 2, dated as of June 24, 2019, Amendment No. 4 to Credit Agreement, dated as of September 19, 2019, Amendme

FINANCIAL INSTITUTION SALES CONTRACT Between: Distributor: Financial Institution:
Financial Institution Sales Contract • November 26th, 2024 • Putnam Tax Free Income Trust • Massachusetts

As general distributor of The Putnam Family of Mutual Funds (the “Funds”), we agree that you will make available to your customers, under an agency relationship with your customers, shares of beneficial interest issued by the Funds (the “Shares”), subject to any limitations imposed by any of the Funds and to confirmation by us in each transaction. By your acceptance hereof, you agree to all of the following terms and conditions:

amendment no. 12 and CONSENT NO. 4 TO CREDIT AGREEMENT
Credit Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

AMENDMENT NO. 12 AND CONSENT NO. 4 (this “Amendment”), dated as of December 7, 2023, to the uncommitted discretionary demand line of credit evidenced by that letter agreement, dated September 24, 2015, among each management investment company listed on Appendix I to the Credit Agreement (the “Borrowers”) and State Street Bank and Trust Company (the “Bank”) (as the same has been or may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).

SELLING AGREEMENT
Selling Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

Franklin Distributors, LLC (“we”, “our” or “us”) invites you to participate in the selling and/or distribution of shares of the Franklin Templeton investment companies (the “Funds”, or each a “Fund”) for which we now or in the future serve as principal underwriter, subject to the terms of this Agreement. We will notify you from time to time of the Funds that are eligible for distribution and the terms of compensation under this Agreement. This Agreement supersedes any prior dealer or selling agreements between us, as stated in Section 28, below.

July 1, 2024
Fee Waiver and Expense Reimbursement Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

Putnam Investment Management, LLC (“PIM”) and, upon effectiveness of the new management contracts for the funds listed in Schedule A, Franklin Advisers, Inc. (“FAV”), hereby contractually agree, as of the date hereof, with respect to the funds specified below or in Schedule B, Schedule C, or Schedule D, to waive fees and reimburse certain expenses in the manner provided below:

DEALER SALES CONTRACT
Dealer Sales Contract • November 26th, 2024 • Putnam Tax Free Income Trust • Massachusetts

As general distributor of The Putnam Family of Mutual Funds (the “Funds”), we agree to sell you shares of beneficial interest issued by the Funds (the “Shares”), subject to any limitations imposed by any of the Funds and to confirmation by us in each instance of such sales. By your acceptance hereof, you agree to all of the following terms and conditions:

SUBADVISORY AGREEMENT
Subadvisory Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

THIS SUBADVISORY AGREEMENT (the “Agreement”) is made as of November 1, 2024 by and between FRANKLIN ADVISERS, INC., a corporation organized and existing under the laws of the State of California (hereinafter called “FAV”), and FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED (“FTIML”), a corporation existing under the laws of the United Kingdom.

SUBCONTRACT FOR FUND ADMINISTRATIVE SERVICES
Subcontract for Fund Administrative Services • November 26th, 2024 • Putnam Tax Free Income Trust • California

This Subcontract, dated as of June 1, 2024, is between Putnam Investment Management, LLC, a Delaware limited liability company (the “Investment Manager”), and Franklin Templeton Services, LLC (the “Administrator”).

AMENDMENT NO. 11 AND CONSENT NO. 6 to CREDIT AGREEMENT
Credit Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

AMENDMENT NO. 11 AND CONSENT NO. 6 (this “Amendment”), dated as of December 7, 2023, to the Credit Agreement, dated as of September 24, 2015, among each trust listed on Schedule 2 to the Credit Agreement (defined below), the Banks and other lending institutions party, and State Street Bank and Trust Company, as Agent (in such capacity the “Agent”), as amended, supplemented or otherwise modified by Joinder Agreement No. 1, dated as of August 29, 2016, Letter Agreement, dated as of August 29, 2016, Amendment No. 1 to Credit Agreement, dated as of September 22, 2016, Notice Letter, dated October 5, 2016, Notice Letter, dated February 22, 2017, Notice Letter, dated April 19, 2017, Amendment No. 2 to Credit Agreement, dated as of September 21, 2017, Amendment No. 3 to Credit Agreement, dated as of September 20, 2018, Consent No. 1, dated as of November 30, 2018, Notice Letter, dated May 31, 2019, Consent No. 2, dated as of June 24, 2019, Amendment No. 4 to Credit Agreement, dated as of Sept

FINANCIAL INSTITUTION SERVICE AGREEMENT Between:
Financial Institution Service Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

We are pleased to inform you that, pursuant to the terms of this Financial Institution Service Agreement, we are authorized to pay you service fees in connection with the accounts of your customers that hold shares of certain Putnam Funds listed in Schedule 1 that have adopted distribution plans pursuant to Rule 12b-1 (the “12b-1 Funds”). Payment of the service fees is subject to your initial and continuing satisfaction of the following terms and conditions which may be revised by us from time to time: (see Schedule 1)

SUBADVISORY AGREEMENT
Subadvisory Agreement • November 26th, 2024 • Putnam Tax Free Income Trust

THIS SUBADVISORY AGREEMENT made as of July 15, 2024 by and between PUTNAM INVESTMENT MANAGEMENT, LLC, a limited liability company organized and existing under the laws of the State of Delaware (hereinafter called “PIM”), and FRANKLIN ADVISERS, INC. (“FAV”), a corporation organized and existing under the laws of California.

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