0000897436-08-000154 Sample Contracts

INTERIM INVESTMENT CO-ADVISORY AGREEMENT
Advisory Agreement • April 14th, 2008 • 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 BOULDER INVESTMENT ADVISERS, L.L.C., a Colorado limited liability company (the "Adviser") and THE DENALI FUND, INC., a Maryland corporation (the "Fund").

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