0000728889-11-000592 Sample Contracts

SUB-ADVISORY AGREEMENT

Sub-Advisory Agreement • April 27th, 2011 • Oppenheimer Variable Account Funds

• Contract Type
  Sub-Advisory Agreement
• Filed
  April 27th, 2011
• Company
  Oppenheimer Variable Account Funds

THIS AGREEMENT dated as of October 28, 2010, by and between OppenheimerFunds, Inc. ("OFI"), a United States registered investment advisor, and Oppenheimer Real Asset Management, Inc. ("ORAMI"), a United States registered investment advisor and a registered commodity trading advisor (the "Sub-Advisor") with respect to Oppenheimer Global Strategic Income Fund/VA (Cayman) Ltd. ("the Fund"), an exempt company organized under the laws of the Cayman Islands.

INVESTMENT ADVISORY AGREEMENT

Investment Advisory Agreement • April 27th, 2011 • Oppenheimer Variable Account Funds • Colorado

• Contract Type
  Investment Advisory Agreement
• Filed
  April 27th, 2011
• Company
  Oppenheimer Variable Account Funds
• Jurisdiction
  Colorado

AGREEMENT made the 28th day of October, 2010, by and between OPPENHEIMER GLOBAL STRATEGIC INCOME FUND/VA (CAYMAN) LTD. (hereinafter referred to as the "Fund"), and OPPENHEIMERFUNDS, INC. (hereinafter referred to as "OFI" or the “Investment Adviser”).