0001193125-15-204329 Sample Contracts

FORM OF INVESTMENT ADVISORY AGREEMENT BETWEEN Highland Funds I AND Highland Capital Management Fund Advisors, L.P. INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 28th, 2015 • Highland Funds I • Delaware

AGREEMENT made as of , 2015, by and between Highland Capital Management Fund Advisors, L.P., a Delaware limited partnership (the “Adviser”), and Highland Funds I, a Delaware statutory trust (the “Trust”), on behalf of its series listed on Exhibit A attached hereto and made a part hereof, as such Exhibit A may be amended from time to time (each, a “Fund” and collectively, the “Funds”).

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