AMENDMENT TO ADVISORY AGREEMENTAdvisory Agreement • April 17th, 2015 • United Development Funding Income Fund V • Real estate investment trusts
THIS AMENDMENT TO ADVISORY AGREEMENT (this “Amendment”), effective as of April 15, 2015, is entered into by and among UNITED DEVELOPMENT FUNDING INCOME FUND V, a Maryland real estate investment trust (the “Trust”), UDF V OP, L.P., a Delaware limited partnership, and American Realty Capital Residential Advisors, LLC, a Delaware limited liability company (the “Advisor”).
