0000928816-24-001996 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • November 26th, 2024 • Putnam Target Date Funds • Massachusetts

This Indemnification Agreement (the “Agreement”) is made as of the date set forth on the signature page by and between the Massachusetts business trusts comprising The Putnam Funds listed on Exhibit A hereto (as the same may from time to time be amended to add one or more additional trusts comprising The Putnam Funds or to delete one or more of such trusts) (each, a “Trust”), each Trust acting severally on its own behalf and not jointly or jointly and severally with any other Trust, and the Trustee of each Trust whose name is set forth on the signature page (the “Trustee”).

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PUTNAM TARGET DATE FUNDS
Distributor’s Contract • November 26th, 2024 • Putnam Target Date Funds

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

SUBADVISORY AGREEMENT
Subadvisory Agreement • November 26th, 2024 • Putnam Target Date Funds

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

ASSIGNMENT AND ASSUMPTION AGREEMENT
Assignment and Assumption Agreement • November 26th, 2024 • Putnam Target Date Funds

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 TARGET DATE FUNDS MANAGEMENT CONTRACT
Management Contract • November 26th, 2024 • Putnam Target Date Funds
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