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 Trustee and shareholder liability for acts or obligations of the Fund. Oppenheimer Principal Pr▇▇▇▇▇▇▇ ▇▇in Street Fund III a series of Oppenheimer Principal Pr▇▇▇▇▇▇▇ ▇▇ust III By: /s/ Robert G. Zack -------------------------------------- Robert G. Zack Vice President and Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ------------------------------------------ James H. Ruff, President & ▇▇▇▇▇▇▇▇ Distribution and Service Plan and Agreement with OppenheimerFunds Distributor, Inc. For Class C Shares of Oppenheimer Principal Prot▇▇▇▇▇ ▇▇▇▇ Street Fund III(R) a series of Oppenheimer Principal Prot▇▇▇▇▇ ▇▇▇▇▇ III This Distribution and Service Plan and Agreement (the "Plan") is dated as of the 28th day of June, 2004, by and between Oppenheimer Principal Pr▇▇▇▇▇▇▇ ▇▇▇n Street Fund III (the "Fund") and OppenheimerFunds Distributor, Inc. (the "Distributor").

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 and shareholder liability for acts or obligations of the Fund. Oppenheimer Principal PrP▇▇▇▇▇▇▇▇ ▇▇in ain Street Fund III a series of Oppenheimer Principal Pr▇▇▇▇▇▇▇ ▇▇ust ▇st III By: /s/ Robert G. Zack -------------------------------------- ------------------------------------- Robert G. Zack Vice President and Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ------------------------------------------ James H. Ruff, President & ▇▇▇▇▇▇▇▇ Distribution and Service Plan and Agreement with OppenheimerFunds Distributor, Inc. For Class C B Shares of Oppenheimer Principal Prot▇▇▇▇▇ ▇▇▇▇ Street Fund III(R) a series of Oppenheimer Principal Prot▇▇▇▇▇ ▇▇▇▇▇ III This Distribution and Service Plan and Agreement (the "Plan") is dated as of the 28th day of June, 2004, by and between Oppenheimer Principal Pr▇▇▇▇▇▇▇ ▇▇▇n Street Fund III (the "Fund") and OppenheimerFunds Distributor, Inc. (the "Distributor").

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 liability for acts or obligations of the Fund. Oppenheimer Principal PrInternational ▇▇▇▇▇-▇▇▇ ▇▇in Street ore Fund III a series of Oppenheimer Principal PrInternational ▇▇▇▇▇-▇▇▇ ▇▇ust III Core Trust By: /s/ Robert G. Zack -------------------------------------- -------------------------------- Robert G. Zack Vice President and & Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ------------------------------------------ James H. Ruff, /s/Katherine P. Feld --------------------------------- Katherine P. Feld Vice President & ▇▇▇▇▇▇▇▇ Distribution and Service Plan and Agreement DISTRIBUTION AND SERVICE PLAN AND AGREEMENT with OppenheimerFunds Distributor, Inc. For Class C N Shares of Oppenheimer Principal ProtInternational ▇▇▇▇▇ ▇-▇▇▇ Street ▇ore Fund III(R) a series of Oppenheimer Principal ProtInternational ▇▇▇▇▇ ▇▇-▇▇▇ III ▇ore Trust This Distribution and Service Plan and Agreement (the "Plan") is dated as of the 28th day of June, 2004May 2003, by and between Oppenheimer Principal PrInternational ▇▇▇▇▇-▇▇▇ ▇▇▇n Street ore Fund III (the "Fund") and OppenheimerFunds Distributor, Inc. (the "Distributor").

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 liability for acts or obligations of the Fund. Oppenheimer Principal Pr▇▇Prot▇▇▇▇▇ ▇▇in ▇▇ Street Fund III a series of Oppenheimer Principal Pr▇▇Prot▇▇▇▇▇ ▇▇ust ▇▇▇ III By: /s/ Robert G. Zack -------------------------------------- ------------------- Robert G. Zack Vice President and Secretary OppenheimerFunds Distributor, Inc. By: /s/ James H. Ruff ------------------------------------------ ------------------ James H. Ruff, President & ▇▇▇▇▇▇▇▇ Distribution and Service Plan and Agreement DISTRIBUTION AND SERVICE PLAN AND AGREEMENT with OppenheimerFunds Distributor, Inc. For Class C N Shares of Oppenheimer Principal Prot▇▇▇▇▇ ▇▇▇▇ Street Fund III(R) a series of Oppenheimer Principal Prot▇▇▇▇▇ ▇▇▇▇▇ III This Distribution and Service Plan and Agreement (the "Plan") is dated as of the 28th day of June, 2004, by and between Oppenheimer Principal Pr▇▇Prot▇▇▇▇▇ ▇▇▇n ▇ Street Fund III (the "Fund") and OppenheimerFunds Distributor, Inc. (the "Distributor").