0000728889-11-001414 Sample Contracts

Distribution and Service Plan and Agreement With
Plan and Agreement • November 22nd, 2011 • Oppenheimer High Yield Opportunities Fund

This Distribution and Service Plan and Agreement (the “Plan”) is dated as of the 16th day of November, 2011, by and between Oppenheimer High Yield Opportunities Fund (the “Fund”) and OppenheimerFunds Distributor, Inc. (the “Distributor”).

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SERVICE PLAN AND AGREEMENT
Service Plan and Agreement • November 22nd, 2011 • Oppenheimer High Yield Opportunities Fund

This Service Plan and Agreement (the “Plan”) is dated as of the 16th day of November, 2011, by and between Oppenheimer High Yield Opportunities Fund (the “Fund”) and OppenheimerFunds Distributor, Inc. (the “Distributor”).

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • November 22nd, 2011 • Oppenheimer High Yield Opportunities Fund

AGREEMENT made as of the 16th day of November, 2011, by and between OPPENHEIMER HIGH YIELD OPPORTUNITIES FUND (the "Fund"), and OPPENHEIMERFUNDS, INC. ("OFI").

GENERAL DISTRIBUTOR’S AGREEMENT
General Distributor’s Agreement • November 22nd, 2011 • Oppenheimer High Yield Opportunities Fund

Date: November 16, 2011 OPPENHEIMERFUNDS DISTRIBUTOR, INC. Two World Financial Center 225 Liberty Street New York, New York 10281-1008 Dear Sirs: OPPENHEIMER HIGH YIELD OPPORTUNITIES FUND, a Delaware Statutory Trust (the “Fund”), is registered as an investment company under the Investment Company Act of 1940 (the “1940 Act”), consisting of one or more series (“Series”) and an indefinite number of one or more classes of its shares of beneficial interest for each Series (“Shares”) have been registered under the Securities Act of 1933 (the “1933 Act”) to be offered for sale to the public in a continuous public offering in accordance with the terms and conditions set forth in the Prospectus and Statement of Additional Information (“SAI”) included in the Fund’s Registration Statement as it may be amended from time to time (the “current Prospectus and/or SAI”).

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