FORUM SECURITIES LIMITED INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • December 22nd, 2011 • Versus Capital Multi-Manager Real Estate Income Fund LLC • New York
This Investment Sub-Advisory Agreement (“Agreement”) dated as of December 21, 2011 is entered into by and among Forum Securities Limited (the “Sub-Adviser”), Versus Capital Advisors LLC (the “Adviser”) and, solely with respect to Section 10 below, Versus Capital Multi-Manager Real Estate Income Fund LLC (the “Fund”) and sets forth the terms on which the Sub-Adviser will act as sub-adviser of certain assets of the Fund placed with Sub-Adviser from time to time (the “Account”).
EUROPEAN INVESTORS INC INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • December 22nd, 2011 • Versus Capital Multi-Manager Real Estate Income Fund LLC • New York
THIS INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) is entered into as of December 19, 2011 by and between E.I.I. Realty Securities, Inc., a Delaware corporation (the “Sub-Adviser”), and Versus Capital Advisors LLC (the “Adviser”) and, solely with respect to Section 8 below, Versus Capital Multi-Manager Real Estate Income Fund LLC (the “Fund”), effective as of the date the Fund first furnishes funds to be managed by the Sub-Adviser (the “Effective Date”). In consideration of the mutual covenants herein, the Adviser and the Sub-Adviser agree as follows:
