0001140361-20-005094 Sample Contracts

SECOND AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • March 6th, 2020 • Versus Capital Multi-Manager Real Estate Income Fund LLC

This Second Amendment (the “Amendment”) to the Investment Sub-Advisory Agreement dated as of December 19, 2011 (the “Agreement”) by and between Security Capital Research & Management Incorporated (the “Sub-Adviser”) and Versus Capital Advisors LLC (the “Adviser” and, together with the Sub-Adviser, the “Parties”) is effective as of November 22, 2019.

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AMENDMENT TO INVESTMENT SUB ADVISORY AGREEMENT
Investment Sub Advisory Agreement • March 6th, 2020 • Versus Capital Multi-Manager Real Estate Income Fund LLC

This Amendment (the “Amendment”) to the Investment Sub-Advisory Agreement dated as of November 2, 2016 (the “Agreement”) by and between Principal Real Estate Investors, LLC (the “Sub-Adviser”) and Versus Capital Advisors LLC (the “Adviser” and, together with the Sub-Adviser, the “Parties”) is effective as of November 22, 2019.

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