Amended and Restated Expense Limitation Agreement
Amended and Restated Expense Limitation Agreement
To: | Resource Real Estate Diversified Income Fund |
0000 Xxxxxx Xxxxxx, 00xx Xxxxx |
Xxxxxxxxxxxx, XX 00000 |
December 14, 2017
Dear Board Members:
You have engaged us to act as the sole investment adviser to Resource Real Estate Diversified Income Fund (the “Trust,” or the “Fund”), pursuant to a Management Agreement dated as of September 23, 2016.
Effective from the date hereof until at least January 31, 2019, we agree to waive our fees and to pay or absorb the ordinary annual operating expenses of the Fund (including offering and organizational expenses, but excluding interest, brokerage commissions, acquired fund fees and expenses and extraordinary expenses), to the extent that they exceed 1.99%, 2.74%, 1.74%, 1.99%, 1.99%, 2.74%, 2.49% and 2.24% per annum of the Fund's average daily net assets attributable to Class A, Class C, Class I, Class W, Class U, Class T, Class D shares and Class L shares, respectively.
Additionally, this Expense Limitation Agreement may not be terminated by Resource Real Estate, Inc., but may be terminated by the Fund’s Board of Trustees, on 60 days written notice to Resource Real Estate, Inc.
Any waiver or reimbursement by us is subject to repayment by the Fund within three years from the date we waived any payment or reimbursed any expense, if the Fund is able to make the repayment without exceeding the expense limitation in place at the time of waiver or the current expense limitation and the repayment is approved by the Board of Trustees.
Yours Very Truly, | ||||
RESOURCE REAL ESTATE, INC. | ||||
By: | /s/ Xxxx Xxxxxxx | |||
Name: | Xxxx Xxxxxxx | |||
Title: | CEO | |||
Date: | December 14, 2017 |
ACCEPTANCE:
The foregoing Agreement is hereby accepted.
RESOURCE REAL ESTATE DIVERSIFIED INCOME FUND
By: | /s/ Xxxxxx Xxxxxxx | ||
Name: | Xxxxxx Xxxxxxx | ||
Title: | President | ||
Date: | December 14, 2017 |