EX-10.20



 Exhibit 10.20 

AMENDMENT NO. 3 
 TO THE 

AMENDED AND RESTATED ADVISORY AGREEMENT 

This amendment no. 3 to the Amended and Restated Advisory Agreement dated as of August 11, 2015 (the “Advisory
Agreement”), between KBS Growth & Income REIT, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered into as of
November 30, 2015 (the “Amendment”). Capitalized terms used herein but not defined shall have the meaning set forth in the Advisory Agreement. 

WHEREAS, the Advisor has agreed to advance funds to the Company upon the terms set forth in this Amendment. 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the parties
hereto agree to amend the Advisory Agreement as follows: 
 Article 16 is hereby amended and restated in its entirety as
follows 
 “ARTICLE 16 

ADVANCE 

    Notwithstanding anything contained in Article 9 of the Agreement to
the contrary, the Advisor hereby agrees to advance funds (the “Advance”) to the Company equal to the cumulative amount of cash distributions declared by the Company for distribution record dates through the period ending January 31,
2016. 
     The Advisor further agrees that the Company will only be
obligated to repay the Advisor for the Advance if and to the extent that: 
  

	 	(i)	 the Company’s modified funds from operations (“MFFO”), as such term is defined by the Investment Program Association and
interpreted by the Company, for the immediately preceding month exceeds the amount of cash distributions declared for record dates of such prior month (an “MFFO Surplus”), and the Company shall pay the Advisor the amount of the MFFO
Surplus to reduce the principal amount outstanding under the Advance, provided that such payments shall only be made if management in its sole discretion expects an MFFO Surplus to be recurring for at least the next two calendar quarters, determined
on a quarterly basis; or 
	 

  

	 	(ii)	 the Advance may be repaid from excess proceeds (“Excess Proceeds”) from the Company’s third-party financings, provided that
the amount of any such Excess Proceeds that may be used to repay the principal amount outstanding under the Advance shall be determined by the Conflicts Committee of the Company, if such committee has been

	 









	 	 
formed, or by the Chief Financial Officer of the Company, if no Conflicts Committee has been formed, in its (or his) sole discretion. 
	 

 The Advisor understands and agrees that no interest shall accrue on
the Advance. To the extent payment of any amount is due to the Advisor hereunder, the Company shall pay the Advisor no later than the last business day of the month in which the amount of such payment is determined, or the first business day of the
following month.” 
 Signature page follows. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date and year first written above. 
  

							
	KBS GROWTH & INCOME REIT, INC.
		
	By:	 	/s/ Charles J. Schreiber,
Jr.                                         
    
		 	    Charles J. Schreiber, Jr., Chief Executive Officer
	
	KBS CAPITAL ADVISORS LLC
		
	By:	 	    PBren Investments, L.P., a Manager
			
		 	    By:	 	PBren Investments, LLC, as general partner
			
		 		 	      By: /s/ Peter M. Bren                       
             
		 		 		 	          Peter M. Bren, Manager
		
	By:	 	    Schreiber Real Estate Investments, L.P., a Manager
			
		 	    By:	 	Schreiber Investments, LLC, as general partner
			
		 		 	      By: /s/ Charles J. Schreiber, Jr          
		 		 		 	          Charles J. Schreiber, Jr., Manager



  
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