OppenheimerFunds, Inc. Two World Financial Center 225 Liberty Street, 11th Floor New York, New York 10281-1008 Dated as of October 17, 2007 The Board of Trustees Oppenheimer Master Loan Fund, LLC 6803 S. Tucson Way Centennial, CO 80112-3924 To the...

                                              OppenheimerFunds, Inc.
                                            Two World Financial Center
                                          000 Xxxxxxx Xxxxxx, 00xx Xxxxx
                                           Xxx Xxxx, Xxx Xxxx 00000-0000



Dated as of October 17, 2007


The Board of Trustees
Xxxxxxxxxxx Master Loan Fund, LLC
0000 X. Xxxxxx Xxx
Xxxxxxxxxx, XX 00000-0000


To the Board of Trustees:

         OppenheimerFunds, Inc. ("OFI") hereby offers to purchase 10,000 shares of Xxxxxxxxxxx Master Loan Fund,
LLC (the "Fund"), at a net asset value per share of $10.00 for an aggregate purchase price of $100,000.

         In connection with such purchase, OFI represents that such purchase is made for investment purposes by
OFI without any present intention of redeeming or selling such shares.




                                                     Very truly yours,



                                                     OppenheimerFunds, Inc.


                                                     By:
                                                              ___/s/ Xxxxxxx X. Gillespie_____
                                                              Xxxxxxx X. Xxxxxxxxx, Senior Vice President and
                                                              Deputy General Counsel