0000728889-13-000675 Sample Contracts

INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • April 26th, 2013 • Panorama Series Fund • New York

THIS AGREEMENT is made and entered into as of the 1st day of January, 2013 between OFI Global Asset Management, Inc., a Delaware corporation (the “Adviser”), and OppenheimerFunds, Inc., a Colorado corporation (the “SubAdviser”)

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RESTATED INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • April 26th, 2013 • Panorama Series Fund

AGREEMENT made as of the 1st day of January, 2013, by and between Panorama Series Fund (the “Company”) on behalf of its International Growth Fund/VA (the “Fund”), and OFI Global Asset Management, Inc. (“OFI GLOBAL”).

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