0001193125-10-256055 Sample Contracts

AMENDED AND RESTATED ADVISORY AGREEMENT
Amended and Restated Advisory Agreement • November 10th, 2010 • Wells Timberland REIT, Inc. • Real estate investment trusts

THIS AMENDED AND RESTATED ADVISORY AGREEMENT (this “AGREEMENT”), dated as of July 11, 2010 and effective as of July 11, 2010 (the “EFFECTIVE DATE”), is by and among WELLS TIMBERLAND REIT, INC., a Maryland corporation (the “COMPANY”), WELLS TIMBERLAND OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (the “PARTNERSHIP”), and WELLS TIMBERLAND MANAGEMENT ORGANIZATION, LLC, a Georgia limited liability company (the “ADVISOR”).

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