Certain identified information has been excluded from this exhibit because it is both not material and the type that the Registrant treats as private or confidential.
Exhibit (k)(8)
Certain identified information has been excluded from this exhibit because it is both not material and the type that the Registrant treats as private or confidential.
Xxxxxxxxx LLC
0000 Xxxxxx xx xxx Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
xxx.xxxxxxxxx.xxx
February 22, 0000
XXXX Xxxxxx Xxxx Xxxxxx Income Fund
000 Xxxx xx Xxxxxxx Xx Xxxxx 000
Xxxxxx, XX 00000-0000
Re: Information Agent
This Letter of Agreement, including the Appendix attached hereto (collectively, this “Agreement”), sets forth the terms and conditions of the engagement of Xxxxxxxxx LLC (“Xxxxxxxxx”) by CBRE Global Real Estate Income Fund (the “Fund”) to act as Information Agent in connection with the Fund’s proposed Rights Offering (the “Offering”). The term of this Agreement shall be the term of the Offering, including any extensions thereof.
(a) | Services. Xxxxxxxxx shall perform the services described in the Fees & Services Schedule attached hereto as Appendix I (such services, collectively, the “Services”). |
(b) | Fees. In consideration of Xxxxxxxxx’x performance of the Services, the Fund shall pay Xxxxxxxxx the amounts, and pursuant to the terms, set forth on the Fees & Services Schedule attached hereto as Appendix I, together with the Expenses (as defined below). The Fund acknowledges and agrees that the Fees & Services Schedule shall be subject to adjustment if the Fund requests Xxxxxxxxx to provide services with respect to additional matters or a revised scope of work. |
(c) | Expenses. In addition to the fees and charges described in paragraphs (b) and (d) hereof, Xxxxxxxxx shall charge the Fund, and the Fund shall be solely responsible, for the following costs and expenses (collectively, the “Expenses”): |
· | costs and expenses incidental to the Offering, including without limitation the mailing or delivery of Offering materials; |
· | costs and expenses relating to Xxxxxxxxx’x work with its agents or other parties involved in the Offering, including without limitation charges for bank threshold lists, data processing, market information, institutional advisory reports, telephone directory assistance, facsimile transmissions or other forms of electronic communication; |
· | costs and expenses incurred by Xxxxxxxxx at the Fund’s request or for the Fund’s convenience, including without limitation for copying, printing of additional and/or supplemental material and travel by Xxxxxxxxx’x personnel; and |
· | any other costs and expenses authorized by the Fund during the course of the Offering, including without limitation those relating to advertising (including production and posting), media relations and analytical services. |
CBRE Global Real Estate Income Fund | |
February 22, 2023 | |
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The Fund shall pay all applicable taxes incurred in connection with the delivery of the Services or Expenses.
(d) | Custodial Charges. Xxxxxxxxx agrees to check, itemize and pay on the Fund’s behalf the charges of brokers and banks, with the exception of Broadridge Financial Solutions, Inc., Mediant Communications Inc., or Say Technologies LLC (which will bill the Fund directly), for forwarding the Fund’s Offering material to beneficial owners. The Fund shall reimburse Xxxxxxxxx for such broker and bank charges in the manner described in the Fees & Services Schedule. |
(e) | Compliance with Applicable Laws. The Fund and Xxxxxxxxx hereby represent to one another that each shall comply with all applicable laws relating to the Offering, including, without limitation, the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. |
(f) | Indemnification; Limitation of Liability. |
(i) | The Fund shall indemnify and hold harmless Xxxxxxxxx, its affiliates and their respective stockholders, officers, directors, employees and agents from and against any and all losses, claims, damages, costs, charges, counsel fees and expenses, payments, expenses and liability (collectively, “Losses”) arising out of or relating to the performance of the Services, including the reasonable costs and expenses of defending against any Loss or enforcing this Agreement, except to the extent such Losses shall have been determined by a court of competent jurisdiction to be a result of Xxxxxxxxx’x xxxxx negligence or willful misconduct. |
(ii) | Notwithstanding anything herein to the contrary, but without limiting the Fund’s indemnification obligations set forth in clause (i) above, neither party shall be liable for any incidental, indirect, special or consequential damages of any nature whatsoever, including, but not limited to, loss of anticipated profits, occasioned by a breach of any provision of this Agreement, even if apprised of the possibility of such damages. |
(iii) | Any liability whatsoever of Xxxxxxxxx, its affiliates or any of their respective stockholders, officers, directors, employees or agents hereunder or otherwise relating to or arising out of performance of the Services will be limited in the aggregate to the fees and charges paid hereunder by the Fund to Xxxxxxxxx (but not including Expenses). |
(iv) | This paragraph (f) shall survive the termination of this Agreement. |
(g) | Governing Law. This Agreement shall be governed by the substantive laws of the State of New York without regard to its principles of conflicts of laws, and shall not be modified in any way, unless pursuant to a written agreement which has been executed by each of the parties hereto. The parties agree that any and all disputes, controversies or claims arising out of or relating to this Agreement (including any breach hereof) shall be subject to the jurisdiction of the federal and state courts in New York County, New York and the parties hereby waive any defenses on the grounds of lack of personal jurisdiction of such courts, improper venue or forum non conveniens. The parties waive, to the fullest extent permitted by law, all right to trial by jury in any action, proceeding or counterclaim arising out of this Agreement. |
CBRE Global Real Estate Income Fund | |
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(h) | Relationship. The Fund agrees and acknowledges that Xxxxxxxxx shall be the primary information agent retained by the Fund in connection with the Offering. |
(i) | Confidentiality. Xxxxxxxxx agrees to preserve the confidentiality of (i) all material non-public information provided by the Fund or its agents for Xxxxxxxxx’x use in fulfilling its obligations hereunder and (ii) any information developed by Xxxxxxxxx based upon such material non-public information (collectively, “Confidential Information”); provided that Xxxxxxxxx may disclose such Confidential Information as required by law and otherwise to its officers, directors, employees, agents or affiliates to the extent reasonably necessary to perform the Services hereunder. For purposes of this Agreement, Confidential Information shall not be deemed to include any information which (w) is or becomes generally available to the public other than as a result of a disclosure by Xxxxxxxxx or any of its officers, directors, employees, agents or affiliates; (x) was available to Xxxxxxxxx on a nonconfidential basis and in accordance with law prior to its disclosure to Xxxxxxxxx by the Fund; (y) becomes available to Xxxxxxxxx on a nonconfidential basis and in accordance with law from a person other than the Fund or any of its officers, directors, employees, agents or affiliates who is not otherwise bound by a confidentiality agreement with the Fund or is not otherwise prohibited from transmitting such information to a third party; or (z) was independently and lawfully developed by Xxxxxxxxx without access to the Confidential Information. The Fund agrees that all reports, documents and other work product provided to the Fund by Xxxxxxxxx pursuant to the terms of this Agreement are for the exclusive use of the Fund and may not be disclosed to any other person or entity without the prior written consent of Xxxxxxxxx. The confidentiality obligations set forth in this paragraph shall survive the termination of this Agreement. |
(j) | Invoices. Invoices for amounts due hereunder shall be delivered to
Fund at: ADDRESS: ____________________________________________________________ ATTENTION: ___________________________________________________________ |
(Contact Name, Email, Phone)
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(k) | Force Majeure. Xxxxxxxxx will not be liable for any delay or failure in performance when such delay or failure arises from circumstances beyond its reasonable control, including without limitation acts of God, acts of government in its sovereign or contractual capacity, acts of public enemy or terrorists, acts of civil or military authority, war, riots, civil strife, terrorism, blockades, sabotage, rationing, embargoes, epidemics, pandemics, outbreaks of infectious diseases or any other public health crises, earthquakes, fire, flood, other natural disaster, quarantine or any other employee restrictions, power shortages or failures, utility or communication failure or delays, labor disputes, strikes, or shortages, supply shortages, equipment failures, or software malfunctions. |
(l) | Entire Agreement; Appendix. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties hereto with respect to the subject matter hereof. The Appendix to this Agreement shall be deemed to be incorporated herein by reference as if fully set forth herein. This Agreement shall be binding upon all successors to the Fund (by operation of law or otherwise). |
[Remainder of page intentionally left blank. Signature page follows.]
CBRE Global Real Estate Income Fund | |
February 22, 2023 | |
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If the above is acceptable, please execute and return the enclosed duplicate of this Agreement to Xxxxxxxxx LLC, 1290 Avenue of the Xxxxxxxx, 0xx xxxxx, Xxx Xxxx, XX 00000, Attention: Xxxxxxxxxxx X. Xxxxxx.
Sincerely, | ||
XXXXXXXXX LLC | ||
By: | /s/ Xxxxxxxxxxx X. Xxxxxx | |
Xxxxxxxxxxx X. Xxxxxx | ||
Title: | Chief Operating Officer>US |
Xxxxxx to and accepted as of | ||
the date first set forth above: | ||
CBRE Global Real Estate Income Fund | ||
By: | /s/ Xxxxxxxx Xxxxx | |
Xxxxxxxx Xxxxx | ||
Title: | COO & CFO |
February 22, 2023 | |
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APPENDIX I
CBRE Global Real Estate Income Fund
FEES & SERVICES SCHEDULE
BASE SERVICES | ||
· Advance review of Offering documents | ||
· Strategic advice relating to the Offering | ||
· Dissemination of Offering documents to bank and broker community | ||
· Communication with bank and broker community during Offering period |
NOTE: The foregoing fees are exclusive of Expenses and custodial charges as described in paragraphs (c) and (d) of this Agreement. In addition, the Fund will be charged a fee of per extension if the Offering is extended for any reason.
Services | Flat Fee | Unit Fee |
Call Center Set-up and Training Fee | ||
Calls per call per account contacted (Minimum charge) | ||
Inbound Calls - Per Minute | ||
Auto Phone Number Look-up per account sent for phone number append | ||
Manual Phone Number Look-up | ||
Manual Dialing | ||
Per extension or subsequent Offering period |
FEE PAYMENT INSTRUCTIONS
The Fund shall pay Xxxxxxxxx as follows:
· | Upon execution of this Agreement and subject to approval of the proposed offering by the Fund’s Board of Trustees, the Fund shall pay Xxxxxxxxx [ ], which amount is in consideration of Xxxxxxxxx’x commitment to represent the Fund and is non-refundable; |
· | If applicable, immediately prior to the commencement of the mailing, the Fund shall advance to Xxxxxxxxx a portion of anticipated custodial charges; as described in paragraph (d) of this Agreement; and |
· | Upon completion of the Offering, the Fund shall pay Xxxxxxxxx the sum of (i) any variable fees as described above under “Additional Services” which have accrued over the course of the Offering, (ii) all unreimbursed custodial charges, as described in paragraph (d) of this Agreement, and (iii) all Expenses. |
Xxxxxxxxx will send the Fund an invoice for each of the foregoing payments, which invoices will include written transfer instructions.