0001193125-21-150500 Sample Contracts

Services Agreement
Services Agreement • May 5th, 2021 • KKR Real Estate Select Trust Inc. • New York
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Unsecured Line of Credit
Letter Agreement • May 5th, 2021 • KKR Real Estate Select Trust Inc.
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ADMINISTRATION AGREEMENT
Administration Agreement • May 5th, 2021 • KKR Real Estate Select Trust Inc. • New York

THIS ADMINISTRATION AGREEMENT (this “Agreement”), dated as of [•], 2021 is entered into by and between KKR Real Estate Select Trust Inc., a Maryland corporation (the “Fund”), and KKR Fund Administration LLC, a Delaware limited liability company (the “Administrator”).

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INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 5th, 2021 • KKR Real Estate Select Trust Inc. • New York

THIS INVESTMENT ADVISORY AGREEMENT (this “Agreement”), dated as of [●], 2021, is entered into by and between KKR Real Estate Select Trust Inc., a Maryland corporation (the “Fund”), and KKR Registered Advisor LLC, a Delaware limited liability company (the “Adviser”).

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DISTRIBUTION AGREEMENT
Distribution Agreement • May 5th, 2021 • KKR Real Estate Select Trust Inc. • New York

THIS DISTRIBUTION AGREEMENT (this “Agreement’) is made as of this [●] day of [_________], 2021, by and between KKR Real Estate Select Trust Inc., a Maryland corporation (the “Corporation”), and KKR Capital Markets LLC (the “Distributor”), a Delaware limited liability company.

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KKR REAL ESTATE SELECT TRUST INC. FORM OF SELLING AGREEMENT
Selling Agreement • May 5th, 2021 • KKR Real Estate Select Trust Inc. • New York
Sample 1
KKR Alternative Assets LLC New York, NY 10019
Letter Agreement • May 5th, 2021 • KKR Real Estate Select Trust Inc. • New York

This letter agreement (this “Agreement”) sets forth the commitment of KKR Alternative Assets LLC (the “Sponsor”), subject to the terms and conditions contained herein, to purchase, or cause the purchase of, shares of common stock of KKR Real Estate Select Trust Inc., a Maryland corporation registered as a closed-end management investment company under the Investment Company Act of 1940 (the “Fund”). The Sponsor and the Fund hereby agree as follows:

Sample 1
KKR Registered Advisor LLC
Letter Agreement • May 5th, 2021 • KKR Real Estate Select Trust Inc. • New York

This letter agreement (this “Agreement”) confirms the temporary waiver by the Adviser of the Management Fees payable by the Fund, as follows:

Sample 1
CUSTODY AGREEMENT By and Between THE BANK OF NEW YORK MELLON And KKR REAL ESTATE SELECT TRUST INC.
Custody Agreement • May 5th, 2021 • KKR Real Estate Select Trust Inc. • New York

This Custody Agreement (the “Agreement”) is made and entered into as of the latest date set forth on the signature page hereto (the “Effective Date”) by and between THE BANK OF NEW YORK MELLON, a New York state chartered bank (“BNY Mellon”), and KKR REAL ESTATE SELECT TRUST INC., a Maryland corporation (“Customer”). BNY Mellon and Customer are collectively referred to as the “Parties” and individually as a “Party”.

Sample 1
KKR Registered Advisor LLC New York, NY 10019
KKR Real Estate Select Trust Inc. • May 5th, 2021 • New York

KKR Registered Advisor LLC (the “Adviser”) hereby confirms its agreement as follows in respect of KKR Real Estate Select Trust Inc. (the “Fund”):

Sample 1
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