Business Management Agreement Sample Contracts

FORM OF
Business Management Agreement • June 30th, 2005 • Washington Mutual Investors Fund Inc
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AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • December 17th, 2012 • Select Income REIT • Real estate investment trusts • Massachusetts

THIS AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Agreement”) is entered into effective as of December 12, 2012, by and between Select Income REIT, a Maryland real estate investment trust (the “Company”), and Reit Management & Research LLC, a Delaware limited liability company (the “Manager”).

BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • January 18th, 2018 • RMR Group Inc. • Services-management consulting services • Maryland

THIS BUSINESS MANAGEMENT AGREEMENT (this “Agreement”) is entered into effective as of January 17, 2018, by and between Industrial Logistics Properties Trust, a Maryland real estate investment trust (the “Company”), and The RMR Group LLC, a Maryland limited liability company (the “Manager”).

BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • May 10th, 2013 • Inland Diversified Real Estate Trust, Inc. • Real estate investment trusts • Illinois

THIS SECOND AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Agreement”), effective as of May 9, 2013, is entered into by and between Inland Diversified Real Estate Trust, Inc., a Maryland corporation (the “Company”), and Inland Diversified Business Manager & Advisor Inc., an Illinois corporation (the “Business Manager”) and, solely for purposes of Section 11 of this Agreement, INLAND REAL ESTATE INVESTMENT CORPORATION, a Delaware corporation, as the sole stockholder of the Company (the “Sponsor”).

AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • February 27th, 2015 • Senior Housing Properties Trust • Real estate investment trusts • Massachusetts

THIS AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Agreement”) is entered into effective as of December 23, 2013, by and between Senior Housing Properties Trust, a Maryland real estate investment trust (the “Company”), and Reit Management & Research LLC, a Delaware limited liability company (the “Manager”).

Fourth Amended and Restated Business Management Agreement
Business Management Agreement • January 19th, 2024 • Inland Real Estate Income Trust, Inc. • Real estate investment trusts • Illinois

THIS FOURTH AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Agreement”), dated as of January 19, 2024, is entered into by and between Inland Real Estate Income Trust, Inc., a Maryland corporation (the “Company”), and IREIT Business Manager & Advisor Inc., an Illinois corporation (the “Business Manager”).

FIRST AMENDMENT TO AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • May 12th, 2014 • Government Properties Income Trust • Real estate • Massachusetts

This FIRST AMENDMENT TO AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT, dated as of May 9, 2014 (this “Amendment”), by and between Reit Management & Research LLC, a Delaware limited liability company (the “Manager”), and Government Properties Income Trust, a Maryland real estate investment trust (the “Company”).

WITNESSETH:
Business Management Agreement • June 17th, 2005 • Inland American Real Estate Trust, Inc. • Real estate investment trusts • Illinois
WITNESSETH:
Business Management Agreement • January 29th, 1999 • Anchor Pathway Fund • California
LORD ASSET MANAGEMENT TRUST BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • February 28th, 2019 • Lord Asset Management Trust • Delaware

THIS BUSINESS MANAGEMENT AGREEMENT is made as of the 28th day of September, 2018, by and between Lord Asset Management Trust (the “Trust”), on behalf of each of its separate investment series set forth on Schedule A attached hereto (the “Funds”), and Thomas White International, Ltd. (the “Manager”).

AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • August 9th, 2016 • Inland Residential Properties Trust, Inc. • Real estate investment trusts • Illinois

THIS AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Agreement”), dated as of August 8, 2016, is entered into by and between Inland Residential Properties Trust, Inc., a Maryland corporation (the “Company”), Inland Residential Operating Partnership, L.P., a Delaware limited partnership of which the Company is the sole general partner and of which the Business Manager is a limited partner (the “Operating Partnership”), and Inland Residential Business Manager & Advisor, Inc., an Illinois corporation (the “Business Manager”). All references to the Company in this Agreement shall include the Company’s wholly-owned subsidiaries and, where applicable, the Operating Partnership.

THE AMERICAN FUNDS TAX-EXEMPT SERIES I and WASHINGTON MANAGEMENT CORPORATION BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • September 30th, 2013 • American Funds Tax Exempt Series I

THIS AGREEMENT, dated this 21st day of December, 2012, is made and entered into by and between THE AMERICAN FUNDS TAX-EXEMPT SERIES I, a Delaware statutory trust, (hereinafter called the "Trust"), and WASHINGTON MANAGEMENT CORPORATION, a Delaware corporation, (hereinafter called the "Business Manager").

SECOND AMENDED & RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • May 3rd, 2023 • RMR Group Inc. • Services-management consulting services • Maryland

THIS SECOND AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Agreement”) is entered into effective as of March 20, 2023, by and between ABP Trust, a Maryland statutory trust (the “Trust”), and The RMR Group LLC, a Maryland limited liability company (the “Manager”).

BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • October 14th, 2015 • RMR Group Inc. • Services-management consulting services • Maryland

THIS BUSINESS MANAGEMENT AGREEMENT (this “Agreement”) is entered into effective as of June 5, 2015, by and between Reit Management & Research Trust, a Massachusetts business trust (the “Trust”), and Reit Management & Research LLC, a Maryland limited liability company (the “Manager”).

JPMORGAN VALUE OPPORTUNITIES FUND and WASHINGTON MANAGEMENT CORPORATION AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • November 1st, 2010 • Jpmorgan Value Opportunities Fund Inc • Maryland

AGREEMENT made this 18th day of February 2010, between JPMORGAN VALUE OPPORTUNITIES FUND, INC. (a Maryland corporation, hereinafter referred to as the "Fund"), and WASHINGTON MANAGEMENT CORPORATION (a Delaware corporation, hereinafter referred to as the "Corporation").

SECOND AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • October 27th, 2021 • Industrial Logistics Properties Trust • Real estate investment trusts • Maryland

This SECOND AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT (this “Amendment”), effective as of August 1, 2021, is made and entered into by and between Industrial Logistics Properties Trust, a Maryland real estate investment trust (the “Company”), and The RMR Group LLC, a Maryland limited liability company (the “Manager”).

AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • February 7th, 2019 • RMR Group Inc. • Services-management consulting services • Maryland

This AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT is made and entered into as of December 31, 2018 (this “Amendment”), by and between Industrial Logistics Properties Trust, a Maryland real estate investment trust (the “Company”), and The RMR Group LLC, a Maryland limited liability company (the “Manager”).

FIRST AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • January 27th, 2010 • HRPT Properties Trust • Real estate investment trusts • Massachusetts

THIS FIRST AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT, dated as of January 21, 2010 (the “Amendment”), by and between HRPT Properties Trust, a Maryland real estate investment trust (the “Company”), and Reit Management & Research LLC, a Delaware limited liability company (the “Manager”).

BROWN ADVISORY FUNDS BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • June 22nd, 2012 • Brown Advisory Funds • Delaware

THIS BUSINESS MANAGEMENT AGREEMENT is made as of the 29th day of June, 2012, by and between Brown Advisory Funds (the “Trust”), on behalf of each of its separate investment series set forth on Schedule A attached hereto (the “Funds”), and Brown Advisory, LLC (the “Manager”).

Business Management Agreement
Business Management Agreement • April 26th, 2018 • Phoenix New Media LTD • Television broadcasting stations

This Business Management Agreement (the “Agreement”) is entered into by and between the following parites in Beijing, the People’s Republic of China (“China”, for the purpose of this Agreement, excluding Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan) on January 13, 2014.

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • November 4th, 2021 • Service Properties Trust • Real estate investment trusts • Maryland

This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Amendment”), effective as of August 1, 2021, is made and entered into by and between Service Properties Trust, a Maryland real estate investment trust (the “Company”), and The RMR Group LLC, a Maryland limited liability company (the “Manager”).

AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • January 4th, 2019 • Industrial Logistics Properties Trust • Real estate investment trusts • Maryland

This AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT is made and entered into as of December 31, 2018 (this “Amendment”), by and between Industrial Logistics Properties Trust, a Maryland real estate investment trust (the “Company”), and The RMR Group LLC, a Maryland limited liability company (the “Manager”).

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AMENDMENT TO AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • December 5th, 2011 • Senior Housing Properties Trust • Real estate investment trusts • Massachusetts

This AMENDMENT TO AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT, dated as of November 21, 2011 (the “Amendment”), by and between Senior Housing Properties Trust, a Maryland real estate investment trust (the “Company”) and Reit Management & Research LLC, a Delaware limited liability company (the “Manager”).

BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • April 15th, 2014 • ScripsAmerica, Inc. • Wholesale-drugs, proprietaries & druggists' sundries • New Jersey

MAIN AVENUE PHARMACY, INC., a New Jersey corporation with a business location at 1094 Main Avenue, Clifton, NJ 07011 (hereinafter “Pharmacy”);

AMENDMENT TO AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • March 13th, 2012 • CommonWealth REIT • Real estate investment trusts • Massachusetts

This AMENDMENT TO AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT, dated as of March 12, 2012 (the “Amendment”), by and between CommonWealth REIT, a Maryland real estate investment trust (the “Company”) and Reit Management & Research LLC, a Delaware limited liability company (the “Manager”).

BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • June 30th, 2008 • Washington Mutual Investors Fund Inc

AGREEMENT, dated this 19th day of June, 2008, by and between Washington Mutual Investors Fund, Inc. (the "Fund"), and Washington Management Corporation (the "Corporation").

JPMORGAN VALUE OPPORTUNITIES FUND and WASHINGTON MANAGEMENT CORPORATION AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • November 1st, 2007 • Jpmorgan Value Opportunities Fund Inc • Ohio

AGREEMENT made this 23rd day of February 2006, between JPMORGAN VALUE OPPORTUNITIES FUND, INC. (a Maryland corporation, hereinafter referred to as the "Fund"), and WASHINGTON MANAGEMENT CORPORATION (a Delaware corporation, hereinafter referred to as the "Corporation").

WASHINGTON MUTUAL INVESTORS FUND AND WASHINGTON MANAGEMENT CORPORATION AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • June 18th, 2004 • Washington Mutual Investors Fund Inc
FIRST AMENDMENT TO SECOND AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • November 3rd, 2021 • Diversified Healthcare Trust • Real estate investment trusts • Maryland

This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Amendment”), effective as of August 1, 2021, is made and entered into by and between Diversified Healthcare Trust, a Maryland real estate investment trust (the “Company”), and The RMR Group LLC, a Maryland limited liability company (the “Manager”).

BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • December 20th, 2018 • Axonic Alternative Income Fund • Delaware

THIS BUSINESS MANAGEMENT AGREEMENT is made as of the 19th day of December, 2018, by and between Axonic Alternative Income Fund (the “Trust” or the “Fund”) and Axonic Capital LLC (“Axonic”).

BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • September 22nd, 2023 • IPC Alternative Real Estate Income Trust, Inc. • Real estate investment trusts • Illinois

THIS BUSINESS MANAGEMENT AGREEMENT (this “Agreement”), dated as of July 14, 2021, is entered into by and between INLAND PRIVATE CAPITAL ALTERNATIVE ASSETS FUND, LLC, a Delaware limited liability company (the “Company”), IPC Alternative Assets Operating Partnership, LP, a Delaware limited partnership and the Company’s operating partnership (the “Operating Partnership”), and IPC ALTERNATIVE ASSETS BUSINESS MANAGER, LLC, a Delaware limited liability company (the “Business Manager”).

FIRST AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • August 3rd, 2009 • Inland American Real Estate Trust, Inc. • Real estate investment trusts • Illinois

THIS BUSINESS MANAGEMENT AGREEMENT (this “Agreement”), dated as of July 30, 2007, is entered into by and between INLAND AMERICAN REAL ESTATE TRUST, INC., a Maryland corporation (the “Company”), and INLAND AMERICAN BUSINESS MANAGER & ADVISOR INC., an Illinois corporation (the “Business Manager”).

AMENDMENT TO THE FIRST AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • August 2nd, 2013 • Inland American Real Estate Trust, Inc. • Real estate investment trusts • Illinois

This AMENDMENT TO THE FIRST AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT (this “Amendment”), is made and entered into as of July 30, 2013, by and between Inland American Real Estate Trust, Inc., a Maryland corporation (the “Company”), and Inland American Business Manager & Advisor, Inc., an Illinois corporation (the “Business Manager”).

FIRST AMENDMENT TO AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • May 12th, 2014 • Hospitality Properties Trust • Real estate investment trusts • Massachusetts

This FIRST AMENDMENT TO AMENDED AND RESTATED BUSINESS MANAGEMENT AGREEMENT, dated as of May 9, 2014 (this “Amendment”), by and between Reit Management & Research LLC, a Delaware limited liability company (the “Manager”), and Hospitality Properties Trust, a Maryland real estate investment trust (the “Company”).

AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • November 18th, 2010 • Senior Housing Properties Trust • Real estate investment trusts

THIS AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT (this “Amendment”) is entered into as of November 12, 2010, by and between Senior Housing Properties Trust, a Maryland real estate investment trust (the “Company”) and Reit Management & Research LLC, a Delaware limited liability company (the “Manager”).

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