0000728889-13-001175 Sample Contracts

FORM OF] INVESTMENT SUBADVISORY AGREEMENT
Investment Subadvisory Agreement • August 23rd, 2013 • Oppenheimer Variable Account Funds • New York

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

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 23rd, 2013 • Oppenheimer Variable Account Funds

AGREEMENT made the __ day of August, 2013, by and between Oppenheimer Variable Account Funds (hereinafter referred to as the “Trust”), and OFI Global Asset Management, Inc. (hereinafter referred to as “OFI GLOBAL”).

FORM OF] SUB-SUBADVISORY AGREEMENT
Sub-Subadvisory Agreement • August 23rd, 2013 • Oppenheimer Variable Account Funds • New York

THIS AGREEMENT is made and entered into on this __ day of August 2013 among OppenheimerFunds, Inc., a Colorado corporation (the “SubAdviser”), and Cornerstone Real Estate Advisers, LLC, a Delaware limited liability company (the “Sub-SubAdviser”)

GENERAL DISTRIBUTOR’S AGREEMENT
General Distributor's Agreement • August 23rd, 2013 • Oppenheimer Variable Account Funds

OPPENHEIMER VARIABLE ACCOUNT FUNDS (the “Trust”), a Delaware statutory trust, is registered as an investment company under the Investment Company Act of 1940 (the “1940 Act”) consisting of one or more series (“Series”) and an indefinite number of one or more classes of its shares of beneficial interest for each Series have been registered under the Securities Act of 1933 (the “1933 Act”) to be offered for sale to the public in a continuous public offering in accordance with the terms and conditions set forth in the Prospectus and Statement of Additional Information (“SAI”) included in the Trust’s Registration Statement as it may be amended from time to time (the “Current Prospectus and/or SAI”).

FORM OF] DISTRIBUTION AND
Distribution Agreement • August 23rd, 2013 • Oppenheimer Variable Account Funds

This Distribution and Service Plan and Agreement (the "Plan") dated the [ ] day of August, 2013, by and between Oppenheimer Variable Account Funds (the “Trust”) for the account of its Oppenheimer Diversified Alternatives Fund/VA (the "Fund") and OppenheimerFunds Distributor, Inc. (the "Distributor").

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