AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF VERSUS CAPITAL MULTI-MANAGER REAL ESTATE INCOME FUND LLC, a Delaware limited liability company, dated as of November 20, 2020Limited Liability Company Agreement • May 28th, 2021 • Versus Capital Multi-Manager Real Estate Income Fund LLC • Delaware
This AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (as further amended, restated or otherwise modified, this “Agreement”) of VERSUS CAPITAL MULTI-MANAGER REAL ESTATE INCOME FUND LLC (the “Company”) is being executed by Versus Capital Advisors LLC (the “Initial Member”) as of this 20th day of November, 2020.
AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • May 28th, 2021 • Versus Capital Multi-Manager Real Estate Income Fund LLC
This Amendment (the “Amendment”) to the Investment Sub-Advisory Agreement dated as of December 19, 2011 (the “Agreement”) between the Versus Capital Advisors LLC (the “Adviser”) and Security Capital Research & Management Incorporated (the “Sub-Adviser” and, together with the Adviser, the “Parties”) is effective as of June 1, 2021.
PRINCIPAL REAL ESTATE INVESTORS, LLCVersus Capital Multi-Manager Real Estate Income Fund LLC • May 28th, 2021
This letter constitutes the agreement with respect to compensation to be paid to Principal Real Estate Investors, LLC (the “Sub-Adviser”) under the terms of the investment Sub-Advisory Agreement dated November 2, 2016 between Versus Capital Advisors, LLC (the “Advisor”) and the Sub-Adviser, as amended from time to time for services provided (the “Agreement”). Pursuant to this letter and in consideration for the services provided to the Versus Capital Multi-Manager Real Estate Income Fund LLC (the “Fund”) and outlined under the Agreement, the Adviser agrees to cause the Fund to pay the following annual fee, to be calculated and accrued daily and paid quarterly, in arrears, as set forth below. Capitalized terms shall have the meaning ascribed to them in the Agreement, unless otherwise defined herein.
