0001145549-20-034124 Sample Contracts

LIMITED LIABILITY COMPANY AGREEMENT
Limited Liability Company Agreement • June 10th, 2020 • Versus Capital Real Assets Fund LLC • Delaware
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AMENDMENT TO
Investment Sub-Advisory Agreement • June 10th, 2020 • Versus Capital Real Assets Fund LLC

This Amendment (the "Amendment") to the Investment Sub-Advisory Agreement dated as of August 15, 2017 (the "Agreement") by and between Brookfield Public Securities Group LLC (formerly, Brookfield Investment Management Inc.) (the "Sub-Adviser") and Versus Capital Advisors LLC (the "Adviser" and, together with the Sub-Adviser, the "Parties") is effective as of November 22, 2019. Unless otherwise indicated, all terms in this Amendment shall have the meanings set forth in the Agreement.

SECOND AMENDMENT TO
Investment Sub-Advisory Agreement • June 10th, 2020 • Versus Capital Real Assets Fund LLC

This Second Amendment (the "Amendment") to the Investment Sub-Advisory Agreement dated as of August 15, 2017 (the "Agreement") by and between Lazard Asset Management LLC (the "Sub-Adviser") and Versus Capital Advisors LLC (the "Adviser" and, together with the Sub- Adviser, the "Parties") is effective as of November 22, 2019.

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