Common use of Effectiveness, Continuation, Termination and Amendment Clause in Contracts

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUND, INC. on behalf of INTERNATIONAL GROWTH FUND/VA By: /s/ Xxxxxx X. Xxxx ---------------- Xxxxxx X. Xxxx Assistant Secretary OPPENHEIMERFUNDS DISTRIBUTOR, INC. By: /s/ Xxxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx X. Xxxx Vice President and Secretary

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29October 28, 2000 2005 for the purpose of voting on this Plan, Plan and shall take effect on replaces the later of (i) prior Amended and Restated Distribution and Service Plan and Agreement for the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000Fund's Service Shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with Rule 12b-1 under the 1940 Act and from year to year thereafter or as the Board may otherwise determine determine, only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding outsxxxxxxx voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUNDPanorama Series Fund, INC. Inc. on behalf of INTERNATIONAL GROWTH FUND/VA Government Securities Portfolio By: /s/ Xxxxxx X. Xxxx ---------------- Xxxxxx X. Xxxx Kathleen T. Ives _________________________ Kathleen T. Ives, Assistant Secretary OPPENHEIMERFUNDS DISTRIBUTORSexxxxxxx OppenheimerFunds Distributor, INC. Inc. By: /s/ Xxxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx X. Xxxx Vice President and SecretaryJames H. Ruff __________________________ James H. Ruff, President

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service Xxxxxxx shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUNDPanorama Series Fund, INC. Inc. on behalf of INTERNATIONAL GROWTH FUND/VA Government Securities Portfolio By: /s/ Xxxxxx X. Xxxx ---------------- Xxxxxx X. Xxxx Assistant Robert G. Zack Robert G. Zack, Secretary OPPENHEIMERFUNDS DISTRIBUTOROppenheimerFunds Distributor, INC. Inc. By: /s/ Xxxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx X. Xxxx Kathleen T. Ives Kathleen T. Ives Vice President and Assistant Secretary

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29October 28, 2000 2005 for the purpose of voting on this Plan, Plan and shall take effect on replaces the later of (i) prior Amended and Restated Distribution and Service Plan and Agreement for the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000Fund's Service Shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with Rule 12b-1 under the 1940 Act and from year to year thereafter or as the Board may otherwise determine determine, only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding oxxxxxxxxxg voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUNDPanorama Series Fund, INC. Inc. on behalf of INTERNATIONAL GROWTH FUND/VA Total Return Portfolio By: /s/ Xxxxxx X. Xxxx ---------------- Xxxxxx X. Xxxx Kathleen T. Ives -------------------- Kathleen T. Ives, Assistant Secretary OPPENHEIMERFUNDS DISTRIBUTOROppenheimerFunds Distributor, INC. Inc. By: /s/ Xxxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx X. Xxxx Vice President and SecretaryJames H. Ruff -------------------- James H. Ruff, President

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUND, INC. on behalf of INTERNATIONAL GROWTH FUND/VA PORTFOLIO By: /s/ Xxxxxx X. Xxxx ---------------- ----------------- Xxxxxx X. Xxxx Assistant Secretary OPPENHEIMERFUNDS DISTRIBUTOR, INC. By: /s/ Xxxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx X. Xxxx Vice President and Secretary

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUNDPanorama Series Fund, INC. Inc. on behalf of INTERNATIONAL GROWTH FUND/VA Growth Portfolio By: /s/ Xxxxxx X. Xxxx ---------------- Xxxxxx X. Xxxx Assistant Xxxx, Secretary OPPENHEIMERFUNDS DISTRIBUTOROppenheimerFunds Distributor, INC. Inc. By: /s/ Xxxxxxxxx Xxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx Xxxxxxxx X. Xxxx Vice President and Assistant Secretary

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29October 28, 2000 2005 for the purpose of voting on this Plan, Plan and shall take effect on replaces the later of (i) prior Amended and Restated Distribution and Service Plan and Agreement for the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000Fund's Service Shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with Rule 12b-1 under the 1940 Act and from year to year thereafter or as the Board may otherwise determine determine, only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding oxxxxxxxxxg voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUNDPanorama Series Fund, INC. Inc. on behalf of INTERNATIONAL GROWTH FUNDInternational Growth Fund/VA By: /s/ Xxxxxx X. Xxxx ---------------- Xxxxxx X. Xxxx Kathleen T. Ives -------------------- Kathleen T. Ives, Assistant Secretary OPPENHEIMERFUNDS DISTRIBUTOROppenheimerFunds Distributor, INC. Inc. By: /s/ Xxxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx X. Xxxx Vice President and SecretaryJames H. Ruff -------------------- James H. Ruff, President

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service Xxxxxxx shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUNDPanorama Series Fund, INC. Inc. on behalf of INTERNATIONAL GROWTH FUND/VA Total Return Portfolio By: /s/ Xxxxxx X. Xxxx ---------------- Xxxxxx X. Xxxx Assistant Robert G. Zack Robert G. Zack, Secretary OPPENHEIMERFUNDS DISTRIBUTOROppenheimerFunds Distributor, INC. Inc. By: /s/ Xxxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx X. Xxxx Kathleen T. Ives Kathleen T. Ives Vice President and Assistant Secretary

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29October 28, 2000 2005 for the purpose of voting on this Plan, Plan and shall take effect on replaces the later of (i) prior Amended and Restated Distribution and Service Plan and Agreement for the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000Fund's Service Shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with Rule 12b-1 under the 1940 Act and from year to year thereafter or as the Board may otherwise determine determine, only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUNDPanorama Series Fund, INC. Inc. on behalf of INTERNATIONAL GROWTH FUND/VA Growth Portfolio By: /s/ Xxxxxx X. Xxxx ---------------- Xxxxxx X. Xxxx Kathleen T. Ives -------------------- Kathleen T. Ives, Assistant Secretary OPPENHEIMERFUNDS DISTRIBUTOROppenheimerFunds Distributor, INC. Inc. By: /s/ Xxxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx X. Xxxx Vice President and SecretaryJames H. Ruff ----------------- James H. Ruff, President

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service Xxxxxxx shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors. PANORAMA SERIES FUNDPanorama Series Fund, INC. Inc. on behalf of INTERNATIONAL GROWTH FUNDInternational Growth Fund/VA By: /s/ Xxxxxx X. Xxxx ---------------- Xxxxxx X. Xxxx Assistant Robert G. Zack Robert G. Zack Secretary OPPENHEIMERFUNDS DISTRIBUTOROppenheimerFunds Distributor, INC. Inc. By: /s/ Xxxxxxxxx X. Xxxx ----------------------- Xxxxxxxxx X. Xxxx Kathleen T. Ives Kathleen T. Ives Vice President and Assistant Secretary