0001104659-07-003126 Sample Contracts

RMR ASIA REAL ESTATE FUND AGREEMENT AND DECLARATION OF TRUST
Agreement and Declaration of Trust • January 18th, 2007 • RMR Asia Real Estate Fund • Massachusetts

THIS AGREEMENT AND DECLARATION OF TRUST is made this 18th day of January, 2007, by the Trustees hereunder and by the holder of shares of beneficial interest with the intent that it will be binding upon subsequent Trustees and upon all subsequent holders of shares of beneficial interest hereunder.

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BYLAWS OF RMR ASIA REAL ESTATE FUND (Dated as of January 18, 2007)
RMR Asia Real Estate Fund • January 18th, 2007 • RMR Asia Real Estate Fund
RMR ASIA REAL ESTATE FUND SUBSCRIPTION AGREEMENT January 18, 2007
Subscription Agreement • January 18th, 2007 • RMR Asia Real Estate Fund

The undersigned, RMR Advisors, Inc., hereby offers to subscribe for and purchase one common share of beneficial interest, $.001 par value per share (the “Shares”), of RMR Asia Real Estate Fund (the “Fund”) at an aggregate price of $20.00, such sum to be tendered in exchange for the Shares concurrently with the execution of this Agreement.

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