0000897436-07-000676 Sample Contracts

INTERIM INVESTMENT CO-ADVISORY AGREEMENT
Advisory Agreement • December 31st, 2007 • Denali Fund Inc. • Colorado

THIS INTERIM INVESTMENT CO-ADVISORY AGREEMENT (this "Agreement") is made as of the 26th day of October, 2007, by and among STEWART INVESTMENT ADVISERS, a Barbados international business company (the "Adviser") and THE DENALI FUND INC., a Maryland corporation (the "Fund").

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