Common use of Disclaimer of Shareholder and Trustee Liability Clause in Contracts

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee liability for acts or obligations of the Fund. Oppenheimer Principal Protectxx Xxxx Xxxeet Fund III a series of Oppenheimer Principal Protectxx Xxxxx XXI By: /s/ Robert G. Zack ________________________ Robert G. Zack, Vice Presidenx & Xxxxxxxxx OppenheimerFunds Distributor, Inc.

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder and Trustee liability for acts or obligations of the Fund. Oppenheimer Principal Protectxx Protexxxx Xxxx Xxxeet Street Fund III a series of Oppenheimer Principal Protectxx Protexxxx Xxxxx XXI III(R) By: /s/ Robert G. Zack _____________________________ Robert G. Zack, Vice Presidenx & Xxxxxxxxx xxx Xxxxxxxxy OppenheimerFunds Distributor, Inc.

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming shareholder and Trustee liability for acts or obligations of the Fund. Oppenheimer Principal Protectxx Xxxx Xxxeet Fund III II(R), a series of Oppenheimer Principal Protectxx Xxxxx XXI II By: /s/ Robert G. Zack ________________________ Robert G. Zack, Vice Presidenx & Xxxxxxxxx OppenheimerFunds Distributor, Inc.

Disclaimer of Shareholder and Trustee Liability. The Distributor understands that the obligations of the Fund under this Plan are not binding upon any Trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. The Distributor represents that it has notice of the provisions of the Declaration of Trust of the Fund disclaiming Trustee and shareholder and Trustee liability for acts or obligations of the Fund. Oppenheimer Principal Protectxx Xxxx Xxxeet Fund III FundII(R) a series of Oppenheimer Principal Protectxx Xxxxx XXI XxxxxXX By: /s/ Robert G. Zack ________________________ Robert G. Zack, Vice Presidenx & Xxxxxxxxx OppenheimerFunds Distributor, Inc.