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0000950134-06-023827 Sample Contracts

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • December 29th, 2006 • Highland Floating Rate Advantage Fund • Delaware

INVESTMENT ADVISORY AGREEMENT made as of December 18, 2006, by and between Highland Capital Management, L.P., a Delaware limited partnership (the “Manager”), and Highland Floating Rate Advantage Fund, a Massachusetts business trust (the “Fund”).

Standard Contracts