AMENDMENT TO INVESTMENT ADVISORY AGREEMENTSInvestment Advisory Agreements • December 30th, 2013 • Denali Fund Inc.
Contract Type FiledDecember 30th, 2013 CompanyThis amendment to Investment Advisory Agreements (this “Amendment”) is entered into as of the 31st day of October, 2013, by and among The Denali Fund Inc., a Maryland corporation (the “Fund”), Boulder Investment Advisers, L.L.C. a Colorado limited liability company (“BIA”) and Stewart Investment Advisers, a Barbados international business company (“SIA” and, together with BIA, the “Advisers”).