INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • December 29th, 2006 • Highland Floating Rate Advantage Fund • Delaware
Contract Type FiledDecember 29th, 2006 Company JurisdictionINVESTMENT 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”).