PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND MANAGEMENT CONTRACTPutnam New Jersey • September 26th, 2014 • Putnam Michigan Tax Exempt Income Fund /
Contract Type FiledSeptember 26th, 2014 CompanyThis Management Contract is dated as of February 27, 2014 between PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND, a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).