0000728889-15-001307 Sample Contracts

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • September 25th, 2015 • Oppenheimer Global High Yield Fund • Colorado

THIS AGREEMENT dated as of the 31st day of July, 2015, by and between OFI Global Asset Management, Inc. ("OFI Global"), a United States registered investment advisor, and OppenheimerFunds, Inc. ("Oppenheimer"), a United States registered investment advisor and a registered commodity trading advisor (the "Sub-Advisor") with respect to Oppenheimer Global High Yield Fund (Cayman) Ltd. ("the Fund"), an exempt company organized under the laws of the Cayman Islands.

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • September 25th, 2015 • Oppenheimer Global High Yield Fund • Colorado

AGREEMENT made the 31st day of July, 2015, by and between OPPENHEIMER GLOBAL HIGH YIELD FUND (CAYMAN) LTD. (hereinafter referred to as the "Fund"), and OFI GLOBAL ASSET MANAGEMENT, INC. (hereinafter referred to as "OFI Global" or the “Investment Adviser”).

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