0000950123-09-055752 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 30th, 2009 • Highland Funds I • Delaware

AGREEMENT made as of May 2, 2008, by and between Highland Capital Management, L.P., a Delaware limited partnership (the “Adviser”), and Highland Funds I, a Delaware statutory trust (the “Trust”), on behalf of its series, Highland Healthcare Fund (the “Fund”).

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SELLING AND/OR SERVICES AGREEMENT FOR HIGHLAND FAMILY OF FUNDS
Services Agreement • October 30th, 2009 • Highland Funds I • Delaware

This Selling and/Or Services Agreement (the “Agreement”) is made by and between [NAME OF INTERMEDIARY] (the “Intermediary”) and PFPC Distributors, Inc. (the “Distributor”), and is effective as of the date accepted and agreed to by the Distributor below.

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