0001193125-09-066186 Sample Contracts

AMENDMENT NO. 3 TO THE ADVISORY AGREEMENT
Advisory Agreement • March 27th, 2009 • KBS Real Estate Investment Trust, Inc. • Real estate investment trusts

This amendment no. 3 to the Advisory Agreement dated as of November 8, 2008 (the “Advisory Agreement”) between KBS Real Estate Investment Trust, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered as of March 25, 2009 (the “Amendment”). Capitalized terms used herein but not defined shall have the meaning set forth in the Advisory Agreement and Amendment no. 1 to the Advisory Agreement dated January 7, 2009.

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AMENDMENT NO. 1 TO THE ADVISORY AGREEMENT
Advisory Agreement • March 27th, 2009 • KBS Real Estate Investment Trust, Inc. • Real estate investment trusts

This amendment no. 1 to the Advisory Agreement dated as of November 8, 2008 (the “Advisory Agreement”) between KBS Real Estate Investment Trust, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered as of January 7, 2009 (the “Amendment”). Capitalized terms used herein but not defined shall have the meaning set forth in the Advisory Agreement.

AMENDMENT NO. 2 TO THE ADVISORY AGREEMENT
Advisory Agreement • March 27th, 2009 • KBS Real Estate Investment Trust, Inc. • Real estate investment trusts

This amendment no. 2 to the Advisory Agreement dated as of November 8, 2008 (the “Advisory Agreement”) between KBS Real Estate Investment Trust, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered as of January 27, 2009 (the “Amendment”). Capitalized terms used herein but not defined shall have the meaning set forth in the Advisory Agreement and Amendment no. 1 to the Advisory Agreement dated January 7, 2009.

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