0000950134-07-021742 Sample Contracts

ADMINISTRATION SERVICES AGREEMENT

Administration Services Agreement • October 23rd, 2007 • Highland Capital Multi-Strategy Fund • Delaware

• Contract Type
  Administration Services Agreement
• Filed
  October 23rd, 2007
• Company
  Highland Capital Multi-Strategy Fund
• Jurisdiction
  Delaware

THIS AGREEMENT is made as of [ ], 2007 by and between HIGHLAND CAPITAL MANAGEMENT, L.P., a Delaware limited partnership (“Highland”), and HIGHLAND CAPITAL MULTI-STRATEGY FUND (the “Trust”), a Delaware statutory trust.

INVESTMENT ADVISORY AGREEMENT dated as of [ ], 2007 BY AND BETWEEN HIGHLAND CAPITAL MULTI-STRATEGY FUND, a Delaware statutory trust AND HIGHLAND CAPITAL MANAGEMENT, L.P., a Delaware limited partnership

Investment Advisory Agreement • October 23rd, 2007 • Highland Capital Multi-Strategy Fund • Delaware

• Contract Type
  Investment Advisory Agreement
• Filed
  October 23rd, 2007
• Company
  Highland Capital Multi-Strategy Fund
• Jurisdiction
  Delaware

This Investment Advisory Agreement (the “Agreement”), dated as of [ ], 2007, is made by and between Highland Capital Multi-Strategy Fund (the “Trust”), a Delaware statutory trust registered as a non-diversified closed-end management investment company under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder and exemptions granted therefrom, as amended from time to time (the “Investment Company Act”), and Highland Capital Management, L.P. (the “Investment Adviser”), a Delaware limited partnership registered as an investment adviser under the Investment Advisers Act of 1940 (the “Advisers Act”).