MacKenzie Realty Capital, Inc. Sample Contracts

AGREEMENT OF LIMITED PARTNERSHIP OF MACKENZIE REALTY OPERATING PARTNERSHIP, LP a Delaware limited partnership
MacKenzie Realty Capital, Inc. • June 9th, 2020 • Delaware

THIS AGREEMENT OF LIMITED PARTNERSHIP OF MacKenzie Realty Operating Partnership, LP, dated as of May 28, 2020, is made and entered into by and among MacKenzie Realty Capital, Inc., a Maryland corporation, as the General Partner, and the Persons from time to time party hereto, as limited partners.

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March __, 2021
MacKenzie Realty Capital, Inc. • April 12th, 2021

MacKenzie Realty Capital, Inc., a Maryland corporation (the “Fund”), is pleased to establish the terms of its retention of Arete Wealth Management, LLC (“Arete”) for the provision of marketing and placement agent services by Arete to the Fund as described below. The Fund proposes to offer publicly for subscription and to sell to subscribers acceptable to the Fund, upon the terms and subject to the conditions of this letter agreement (“Agreement”) and the offering circular on (File No. ) (the “Offering Circular”) filed by the Fund with the Securities and Exchange Commission (“SEC”) and several state securities authorities (together, the “Authorities,” and with the SEC, the “Securities Regulators”) under Regulation A of the Securities Act of 1933, as amended (the “1933 Act”) and under applicable state law (collectively with the 1933 Act, the “Securities Laws”), for the sale of shares of Series A preferred stock of the Fund (the “Shares”), up to a maximum of 2,000,000 Shares at a sale pri

SALES AGENT AGREEMENT
Sales Agent Agreement • September 27th, 2019 • MacKenzie Realty Capital, Inc. • California

The undersigned, MacKenzie Realty Capital, Inc., a Maryland corporation (the “Fund”), through its managing broker-dealer, Arete Wealth Management, LLC (“Arete”), contemplates undertaking an offering (the “Offering”) and sale of a maximum of 15,000,000 of shares of common stock of the Fund (the “Shares”) at a price per Share as indicated in Section 2(h) below. The terms of the Offering are set forth in a registration statement on Form N-2 (File No. 333-233646), and as a part thereof a prospectus relating to the Shares, prepared in conformity with the applicable requirements of the Securities Act of 1933, as amended (the “1933 Act”) and applicable state law (collectively with the 1933 Act, the “Securities Laws”), and the rules and regulations promulgated thereunder (the “Rules and Regulations”), filed with the Securities and Exchange Commission (the “SEC”) and several state securities authorities (together, the “Authorities,” and with the SEC, the “Securities Regulators”) (which registra

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • September 5th, 2013 • MacKenzie Realty Capital, Inc. • Delaware

THIS INVESTMENT ADVISORY AGREEMENT (“Agreement”) is effective as of the 28th day of February, 2013 (the “Effective Date”) by and between MacKenzie Realty Capital, Inc., a Maryland corporation having its principal place of business in Moraga, California (the “Company”), and MCM Advisers, LP, a California limited partnership having its principal place of business in Moraga, California (the “Adviser”).

Date of the Prospectus that was reviewed by investor:
MacKenzie Realty Capital, Inc. • September 27th, 2019

The undersigned hereby tenders this subscription and applies for the purchase of the dollar amount of shares of common stock (the “Shares”) of MacKenzie Realty Capital, Inc. (sometimes referred to herein as the “Company”), set forth below.

INVESTMENT ADVISER INTRODUCING AGREEMENT ________________________
Investment Adviser Introducing Agreement • November 13th, 2023 • MacKenzie Realty Capital, Inc. • Real estate investment trusts

This INVESTMENT ADVISER INTRODUCING AGREEMENT (the “Agreement”) is made and entered into as of the ____ day of _______, 20__, among __________________, (“Adviser”), Arete Wealth Management, LLC (“Arete”) and MacKenzie Realty Capital, Inc. (“MRC”).

SALES AGENT AGREEMENT Date: ______________
Sales Agent Agreement • August 6th, 2014 • MacKenzie Realty Capital, Inc. • California

The undersigned, MacKenzie Realty Capital, Inc., a Maryland corporation (the “Fund”), through its managing broker-dealer, Arete Wealth Management, LLC (“Arete”), contemplates undertaking an offering (the “Offering”) and sale of a maximum of 5,000,000 of shares of common stock of the Fund (the “Shares”) at a price per Share as indicated in Section 2(h) below. The terms of the Offering are set forth in a registration statement on Form N-2 (File No. 333-181853), and as a part thereof a prospectus relating to the Shares, prepared in conformity with the applicable requirements of the Securities Act of 1933, as amended (the “1933 Act”) and applicable state law (collectively with the 1933 Act, the “Securities Laws”), and the rules and regulations promulgated thereunder (the “Rules and Regulations”), filed with the Securities and Exchange Commission (the “SEC”) and several state securities authorities (together, the “Authorities,” and with the SEC, the “Securities Regulators”) (which registrat

Operating Agreement Of MACKENZIE-BAA IG SHORELINE LLC A California Limited Liability Company
Operating Agreement • May 20th, 2022 • MacKenzie Realty Capital, Inc. • Real estate investment trusts • California

This Operating Agreement is entered into to take effect January 25, 2022 (the “Effective Date”) regarding Mackenzie-BAA IG Shoreline LLC (the “Company”) by BAA Investment Group, LLC, a California limited liability company, the Manager, Joel Kelly and Jessica Kelly as trustees of the Kelly Family Trust, Kristopher R. Lamont and Meredith Windsor Lamont, trustees of the Lamont Trust dated 12/14/17, MacKenzie Realty Operating Partnership, LP, a Delaware limited partnership and subsidiary of MacKenzie Realty Capital, Inc., a Maryland corporation that has elected to be taxable for federal income tax purposes as a real estate investment trust under the Code, and any other persons admitted and executed as Members as set out in Exhibit B attached referred to individually as a “Member” and collectively as the “Members”).

Date of Prospectus Reviewed: Subscription Agreement
Subscription Agreement • December 19th, 2016 • MacKenzie Realty Capital, Inc.

The undersigned hereby tenders this subscription and applies for the purchase of the dollar amount of shares of common stock (the “Shares”) of MacKenzie Realty Capital, Inc. (sometimes referred to herein as the “Company”), set forth below.

Contract
MacKenzie Realty Capital, Inc. • July 19th, 2013
SALES AGENT AGREEMENT SERIES A AND B PREFERRED SHARES
Sales Agent Agreement • November 13th, 2023 • MacKenzie Realty Capital, Inc. • Real estate investment trusts

The undersigned, MacKenzie Realty Capital, Inc., a Maryland corporation (the “Company”), through its managing broker-dealer, Arete Wealth Management, LLC (“Arete”), contemplates undertaking an offering (the “Offering”) and sale of a maximum of 3,000,000 of shares of Series A or B Preferred Stock of the Company (the “Shares”) at a price per Share as indicated in Section 2(h) below. The terms of the Offering are set forth in an Offering Circular, prepared in conformity with the applicable requirements of Regulation A of the Securities Act of 1933, as amended (the “1933 Act”) and applicable state law (collectively with the 1933 Act, the “Securities Laws”), and the rules and regulations promulgated thereunder (the “Rules and Regulations”), filed with the Securities and Exchange Commission (the “SEC”) and several state securities authorities (together, the “Authorities,” and with the SEC, the “Securities Regulators”) (which offering circular at the time and in the form it is declared effect

Series A or B Preferred Stock Subscription Agreement
MacKenzie Realty Capital, Inc. • November 13th, 2023 • Real estate investment trusts

The undersigned hereby tenders this subscription and applies for the purchase of the dollar amount of shares of preferred stock (the “Shares”) of MacKenzie Realty Capital, Inc. (sometimes referred to herein as the “Company”), set forth below.

AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 1st, 2016 • MacKenzie Realty Capital, Inc.

THIS AMENDMENT TO INVESTMENT ADVISORY AGREEMENT (this "Amendment") is made as of August 6, 2014, by and between MacKenzie Realty Capital, Inc., a Maryland corporation having its principal place of business in Moraga, California (the "Company"), and MCM Advisers, LP, a California limited partnership having its principal place of business in Moraga, California (the "Adviser"). Capitalized terms used but not defined herein shall have the meanings assigned to them in that certain Investment Advisory Agreement, dated February 28, 2013, by and between the Company and the Adviser (the "Agreement").

LIMITED LIABILITY COMPANY AGREEMENT OF HOLLYWOOD HILLVIEW OWNER, LLC
Limited Liability Company Agreement • October 5th, 2021 • MacKenzie Realty Capital, Inc. • Real estate investment trusts • Delaware

THIS LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) of Hollywood Hillview Owner, LLC (the “Company”), is entered into effective as of October 4, 2021 (“Effective Date”), for good and valuable consideration, by True USA, LLC, the Manager and Class A Member, and MacKenzie Realty Operating Partnership, LP, a Delaware limited partnership, as the sole Class B Member of the Company.

ADMINISTRATION AGREEMENT
Administration Agreement • May 30th, 2013 • MacKenzie Realty Capital, Inc. • California

THIS ADMINISTRATION AGREEMENT (the “Agreement”) is made and entered into as of the date set forth below by and between MacKenzie Realty Capital, Inc., a Maryland corporation (the “Fund”), and MacKenzie Capital Management, LP, a California limited partnership (“Administrator”).

AMENDMENT TO INVESTMENT ADVISER INTRODUCING AGREEMENT
Investment Adviser Introducing Agreement • December 19th, 2016 • MacKenzie Realty Capital, Inc.
MEMBERSHIP INTEREST PURCHASE AGREEMENT
Membership Interest Purchase Agreement • April 18th, 2022 • MacKenzie Realty Capital, Inc. • Real estate investment trusts • California

This Membership Interest Purchase Agreement (this “Agreement”), dated as of April 12, 2022, is entered into between MacKenzie Realty Capital, Inc., a Maryland corporation (“Buyer”) and The Wiseman Company LLC, a California limited liability company (“Seller”).

AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 6th, 2016 • MacKenzie Realty Capital, Inc.

THIS AMENDMENT TO INVESTMENT ADVISORY AGREEMENT (this"Amendment") is made as of September 27, 2016, by and between MacKenzie Realty Capital, Inc., a Maryland corporation having its principal place of business in Moraga, California (the "Company"), and MCM Advisers, LP, a California limited partnership having its principal place of business in Moraga, California (the "Adviser"). Capitalized terms used but not defined herein shall have the meanings assigned to them in that certain Investment Advisory Agreement, dated February 28, 2013, by and between the Company and the Adviser and as amended August 6, 2014 (the "Agreement").

INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • June 1st, 2012 • MacKenzie Realty Capital, Inc. • Delaware

THIS INVESTMENT ADVISORY AGREEMENT is made as of this ● day of ●, 2012 by and between MacKenzie Realty Capital, Inc., a Maryland corporation having its principal place of business in Moraga, California (the “Company”), and MCM Advisers, LP, a ● having its principal place of business in Moraga, California (the “Adviser”).

AMENDMENT TO AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • October 29th, 2018 • MacKenzie Realty Capital, Inc.

THIS AMENDMENT TO AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT (this "Amendment") is made as of October __, 2018, by and between MacKenzie Realty Capital, Inc., a Maryland corporation having its principal place of business in Orinda, California (the "Company"), and MCM Advisers, LP, a California limited partnership having its principal place of business in Orinda, California (the "Adviser"). Capitalized terms used but not defined herein shall have the meanings assigned to them in that certain Amended and Restated Investment Advisory Agreement, effective October 1, 2017 by and between the Company and the Adviser (the "Agreement").

AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • August 6th, 2014 • MacKenzie Realty Capital, Inc.

THIS AMENDMENT TO INVESTMENT ADVISORY AGREEMENT (this “Amendment”) is made as of June ___, 2014, by and between MacKenzie Realty Capital, Inc., a Maryland corporation having its principal place of business in Moraga, California (the “Company”), and MCM Advisers, LP, a California limited partnership having its principal place of business in Moraga, California (the “Adviser”). Capitalized terms used but not defined herein shall have the meanings assigned to them in that certain Investment Advisory Agreement, dated February 28, 2013, by and between the Company and the Adviser (the “Agreement”).

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AMENDMENT TO MARKETING SERVICES AGREEMENT
Marketing Services Agreement • November 13th, 2023 • MacKenzie Realty Capital, Inc. • Real estate investment trusts

THIS AMENDMENT TO MARKETING SERVICES AGREEMENT (this “Amendment”) is made and entered into as of this __ day of ______, 20__ by and between MacKenzie Realty Capital, Inc. (the “Company”) and Arete Wealth Management, LLC (“Arete”).

AMENDED ADMINISTRATION AGREEMENT
Administration Agreement • September 28th, 2021 • MacKenzie Realty Capital, Inc. • Real estate investment trusts • California

THIS AMENDED ADMINISTRATION AGREEMENT (the “Agreement”) is made and entered into as of the date set forth below by and between MacKenzie Realty Capital, Inc., a Maryland corporation (the “Company”), and MacKenzie Capital Management, LP, a California limited partnership (“Administrator”).

LIMITED LIABILITY COMPANY AGREEMENT OF PT HILLVIEW GP, LLC
Limited Liability Company Agreement • October 5th, 2021 • MacKenzie Realty Capital, Inc. • Real estate investment trusts • Delaware

This Limited Liability Company Agreement (together with the schedules attached hereto, this “Agreement”) of PT HILLVIEW GP, LLC, a Delaware limited liability company (the “Company”), is entered into by HOLLYWOOD HILLVIEW OWNER, LLC, a Delaware limited liability company, as the sole equity member (the “Member”) and C. ANTHONY SHIPPAM (the “Independent Manager”), as the Special Member and Independent Manager (as defined on Schedule A hereto). Capitalized terms used and not otherwise defined herein have the meanings set forth on Schedule A hereto.

AMENDMENT TO SALES AGENT AGREEMENT
Sales Agent Agreement • December 19th, 2016 • MacKenzie Realty Capital, Inc.

THIS AMENDMENT TO SALES AGREEMENT (this "Amendment") is made and entered into as of this __ day of ______, 2016 by and between MacKenzie Realty Capital, Inc. (the "Fund") and ________________________ (the "Sales Agent").

AMENDMENT TO SALES AGENT AGREEMENT
Sales Agent Agreement • October 6th, 2016 • MacKenzie Realty Capital, Inc.

THIS AMENDMENT TO SALES AGREEMENT (this "Amendment") is made and entered into as of this __ day of ______, 2016 by and between MacKenzie Realty Capital, Inc. (the "Fund") and ________________________ (the "Sales Agent").

INVESTOR SERVICES AGREEMENT
Investor Services Agreement • May 30th, 2013 • MacKenzie Realty Capital, Inc. • Texas

This document describes our responsibilities, fees and the types of administrative services we agree to provide to you hereunder including, but not limited to, such as investor services, subscription document input, commission processing, distribution processing, transfers and tax reporting.

AMENDMENT TO SALES AGENT AGREEMENT
Sales Agent Agreement • November 13th, 2023 • MacKenzie Realty Capital, Inc. • Real estate investment trusts

THIS AMENDMENT TO SALES AGREEMENT (this “Amendment”) is made and entered into as of this __ day of ______, 20__ by and between MacKenzie Realty Capital, Inc. (the “Company”) and ________________________ (the “Sales Agent”).

AMENDMENT TO SALES AGENT AGREEMENT
Sales Agent Agreement • December 22nd, 2016 • MacKenzie Realty Capital, Inc.

THIS AMENDMENT TO SALES AGREEMENT (this "Amendment") is made and entered into as of this __ day of ______, 2016 by and between MacKenzie Realty Capital, Inc. (the "Fund") and ________________________ (the "Sales Agent").

Contract
Letter Agreement • August 6th, 2014 • MacKenzie Realty Capital, Inc.
AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • November 9th, 2017 • MacKenzie Realty Capital, Inc. • Delaware

THIS AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT ("Agreement") is effective as of the 1st day of October, 2017 (the "Effective Date") by and between MacKenzie Realty Capital, Inc., a Maryland corporation having its principal place of business in Moraga, California (the "Company"), and MCM Advisers, LP, a California limited partnership having its principal place of business in Moraga, California (the "Adviser").

CONTRIBUTION AGREEMENT (Addison Corporate Center)
Contribution Agreement • June 9th, 2020 • MacKenzie Realty Capital, Inc. • Delaware

THIS CONTRIBUTION AGREEMENT (the “Agreement”) is dated as of the 8th day of June, 2020 (the “Effective Date”), by and among MacKenzie Realty Operating Partnership, LP, a Delaware limited partnership (“MacKenzie OP”), MacKenzie Realty Capital, Inc., a Maryland corporation (“MacKenzie REIT”), each of the Persons named on Exhibit A attached hereto (each a “Contributor” and together, the “Contributors”), and Virtua Partners LLC, an Arizona limited liability company (the “Contributor Representative”).

PORTFOLIO STRUCTURING FEE AGREEMENT
Portfolio Structuring Fee Agreement • May 30th, 2013 • MacKenzie Realty Capital, Inc. • Delaware

THIS PORTFOLIO STRUCTURING FEE AGREEMENT is made as of this 28th day of February, 2013 (the “Effective Date”) by and between MacKenzie Realty Capital, Inc., a Maryland corporation having its principal place of business in Moraga, California (the “Company”), and MCM Advisers, LP, a California limited partnership having its principal place of business in Moraga, California (the “Adviser”).

FEE WAIVER AGREEMENT
Fee Waiver Agreement • May 14th, 2014 • MacKenzie Realty Capital, Inc.

THIS FEE WAIVER AGREEMENT (this “Waiver”) is made as of June ___, 2014, by and between MacKenzie Realty Capital, Inc., a Maryland corporation having its principal place of business in Moraga, California (the “Company”), and MCM Advisers, LP, a California limited partnership having its principal place of business in Moraga, California (the “Adviser”). Capitalized terms used but not defined herein shall have the meanings assigned to them in that certain Investment Advisory Agreement, dated February 28, 2013, by and between the Company and the Adviser (the “Agreement”).

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