0001144204-16-092553 Sample Contracts

ADVISORY AGREEMENT
Advisory Agreement • April 4th, 2016 • United Development Funding Income Fund V • Real estate investment trusts • Texas

This ADVISORY AGREEMENT (this “Agreement”) is entered into on this the 4th day of April, 2016, by and between UNITED DEVELOPMENT FUNDING INCOME FUND V, a Maryland real estate investment trust (the “Trust”), UDF V OP, L.P., a Delaware limited partnership (the “Partnership”), and UDFH General Services, L.P., a Delaware limited partnership (the “Advisor”).

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