0001515001-15-000008 Sample Contracts

EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT
Expense Limitation and Reimbursement Agreement • April 6th, 2015 • Versus Capital Multi-Manager Real Estate Income Fund LLC • Delaware

This EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT, dated as of July 1, 2014 (the “Agreement”), by and among Versus Capital Multi-Manager Real Estate Income Fund LLC, a Delaware limited liability company (the “Fund”), and Versus Capital Advisors LLC, a Delaware limited liability company (the “Adviser”).

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Amended and Restated INVESTMENT SUB-ADVISORY AGREEMENT BETWEEN VERSUS CAPITAL ADVISORS LLC AND CALLAN ASSOCIATES INC.
Investment Sub-Advisory Agreement • April 6th, 2015 • Versus Capital Multi-Manager Real Estate Income Fund LLC • New York

THIS AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT (“Agreement”) made this 2nd day of December, 2014, by and between VERSUS CAPITAL ADVISORS LLC, a Delaware limited liability company (the “Adviser”) and CALLAN ASSOCIATES INC., a California corporation (the “Sub-Adviser”).

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