0001193125-13-485962 Sample Contracts

MASTER CUSTODIAN AGREEMENT
Master Custodian Agreement • December 27th, 2013 • Blackstone Real Estate Income Master Fund • Massachusetts

This Agreement is made as of December 12, 2013, by and among each management investment company and other fund identified on Appendix A hereto (each such investment company and other fund and each management investment company and other fund made subject to this Agreement in accordance with Section 18.5 below, shall hereinafter be referred to as (the “Fund”), and STATE STREET BANK and TRUST COMPANY, a Massachusetts trust company (the “Custodian”).

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BLACKSTONE REAL ESTATE INCOME MASTER FUND INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • December 27th, 2013 • Blackstone Real Estate Income Master Fund • New York

This Investment Management Agreement, dated and effective as of [ ], 201[ ], (the “Agreement”), is between Blackstone Real Estate Income Advisors L.L.C., a Delaware limited liability company (the “Investment Manager”), and Blackstone Real Estate Income Master Fund, a Delaware statutory trust (the “Fund”).

BLACKSTONE REAL ESTATE INCOME MASTER FUND AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST Dated as of December 17, 2013
Agreement and Declaration of Trust • December 27th, 2013 • Blackstone Real Estate Income Master Fund

AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST made as of the 17th day of December, 2013, by the Trustees hereunder, and by the holders of shares of beneficial interest issued hereunder as hereinafter provided.

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