0000922907-12-000431 Sample Contracts

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”).

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ADMINISTRATION AGREEMENT
Administration Agreement • June 1st, 2012 • 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”).

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