Document:

Amendment 4 to Advisory Agreement dated July 17, 2007

 Exhibit 10.5 
 AMENDMENT NO. 4 
 TO 
 ADVISORY AGREEMENT 
 This amendment no. 4 to the Advisory Agreement dated as of November 8, 2006 (the
“Advisory Agreement”) between KBS Real Estate Investment Trust, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered as of
July 17, 2007 (the “Amendment”). Capitalized terms used herein but not defined shall have the meaning set forth in the Advisory Agreement, as amended. 
 WHEREAS, the Advisor and the Company have determined to amend the Advisory Agreement 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 as follows: 
 1. With respect to the Company’s investment in the Hackman/ KBS Joint Venture, Article 8.02 of the Advisory Agreement is hereby amended so that the Asset Management Fee described in Section 8.02 of the
Advisory Agreement is not payable with respect to the Company’s investment in the Hackman/ KBS Joint Venture and Cost of Real Estate Investments as used in Section 8.02 shall not include the Company’s allocable portion of its
investment in the Hackman/ KBS Joint Venture. Instead, with respect to the Company’s investment in the Hackman/ KBS Joint Venture, the Company shall pay the Advisor a separate management fee (the “Hackman/ KBS Management Fee”) as
follows: 
 The Company shall pay the Advisor as compensation for the services described in Article 3 of the Advisory Agreement a monthly fee
related to the Hackman/ KBS Joint Venture as follows: 
  

			
	 Months of
 Ownership of
 Investment
	  	 Hackman/ KBS Management Fee

	 1 -36
	  	 1/12 of 0.27% of Cost of JV Investment
*
	 Month 37+
	  	To be negotiated upon renewal of advisory agreement

	 	

	 	*	“Cost of JV Investment” shall equal the product of (i) the amount actually paid or allocated to the purchase, development, construction or improvement of properties
by the Hackman/ KBS Joint Venture, inclusive of expenses related thereto, and the amount of any outstanding debt associated with such properties and the venture and (ii) the percentage that represents the Company’s economic interest in
Hackman/ KBS Joint Venture. 

 The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Hackman/
KBS Management Fee for the applicable period. The Hackman/ KBS Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Hackman/ KBS Management Fee may or may not be taken, in
whole or in part, as to any year in the sole discretion of the Advisor. All or any portion of the Hackman/ KBS Management Fee not taken as to any fiscal year shall be deferred without interest and may be taken in such other fiscal year as the
Advisor shall determine. 
 In addition, if at any time during the Company’s ownership of an interest in the Hackman/ KBS Joint Venture, the
Company’s funds from operations for the period commencing January 1, 2006 through the date of any such calculation exceed an amount that is equal to a 7.0% cumulative, non-compounded, annual return on Invested Capital for the
Company’s Stockholders for the period from July 18, 2006 through the date of such reimbursement (the “7% Return”), then as of the date of such calculation the Advisor shall earn a fee (the “Performance Fee”) in an
amount that would make the Advisor’s cumulative fees related to the Company’s investment in the Hackman/ KBS Joint Venture (including the Hackman/ KBS Management Fee set forth above and any Performance Fee amounts already paid) equal to
0.75% of the Cost of JV Investment on an annualized basis from the date of the Company’s investment in the Hackman/ KBS Joint Venture through the date of calculation, provided that on any calculation date the Advisor shall earn only the
portion of this amount that is available from the Company’s positive funds from operations for the period commencing January 1, 2006 through the date of any such calculation less the 7% Return. 
 Notwithstanding anything contained in this Section 1, no Performance Fee will be earned unless and until the Advance described in Article 16 of the Advisory
Agreement, as amended hereby or in the future, has been repaid in full. 
 2. Article 16 of the Advisory Agreement is hereby amended and restated in its
entirety as follows: 
 ADVANCE 
 Notwithstanding anything contained in Article 9 of this Agreement to the contrary, the Advisor hereby agrees to advance funds (the “Advance”) to the Company equal to the amount by which the cumulative amount of distributions
declared by the Company from January 1, 2006 through the period ending August 31, 2007 exceeds the amount of the Company’s funds from operations (as defined by NAREIT) from January 1, 2006 through August 31, 2007. Advisor
further agrees that the Company will only be obligated to reimburse the Advisor for the Advance if and to the extent that the Company’s cumulative funds from operations for the period commencing January 1, 2006 through the date of any such
reimbursement exceed the lesser of (i) the cumulative amount of any distributions declared and payable to the Company’s Stockholders as of the date of such reimbursement or (ii) an amount that is equal to a 7.0% cumulative,
non-compounded, annual return on Invested Capital for the Company’s Stockholders for the period from July 18, 2006 through the date of such reimbursement. Advisor understands and agrees that no interest shall accrue on the Advance being
made under this Agreement. 
 Signature page follows. 

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

									
	KBS REAL ESTATE INVESTMENT TRUST, INC.
		
	By:	 	 /s/ Charles J. Schreiber, Jr

		 	Charles J. Schreiber, Jr., Chief Executive Officer
	
	KBS CAPITAL ADVISORS LLC
		
	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., ManagerAmendment 5 to Advisory Agreement dated August 7, 2007

 Exhibit 10.6 
 AMENDMENT NO. 5 
 TO 
 ADVISORY AGREEMENT 
 This amendment no. 5 to the Advisory Agreement dated as of November 8, 2006 (the
“Advisory Agreement”) between KBS Real Estate Investment Trust, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered as of
August 7, 2007 (the “Amendment”). Capitalized terms used herein but not defined shall have the meaning set forth in the Advisory Agreement. 
 WHEREAS, upon the terms set forth in this Amendment, the Advisor has agreed to amend and restate Article 16 of the Advisory Agreement and advance funds to the Company upon the terms set forth below. 
 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the parties hereto agree that Article 16
of the Advisory Agreement is hereby amended and restated in its entirety as follows: 
 ADVANCE 
 Notwithstanding anything contained in Article 9 of this Agreement to the contrary, the Advisor hereby agrees to advance funds (the “Advance”)
to the Company equal to the amount by which the cumulative amount of distributions declared by the Company from January 1, 2006 through the period ending October 31, 2007 exceeds the amount of the Company’s funds from operations (as
defined by NAREIT) from January 1, 2006 through October 31, 2007. Advisor further agrees that the Company will only be obligated to reimburse the Advisor for the Advance if and to the extent that the Company’s cumulative funds from
operations for the period commencing January 1, 2006 through the date of any such reimbursement exceed the lesser of (i) the cumulative amount of any distributions declared and payable to the Company’s Stockholders as of the date of
such reimbursement or (ii) an amount that is equal to a 7.0% cumulative, non-compounded, annual return on Invested Capital for the Company’s Stockholders for the period from July 18, 2006 through the date of such reimbursement.
Advisor understands and agrees that no interest shall accrue on the Advance being made under this Agreement. 
 Signature page follows.

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

									
	KBS REAL ESTATE INVESTMENT TRUST, INC.
		
	By:	 	 /s/ Charles J. Schreiber, Jr.

		 	Charles J. Schreiber, Jr., Chief Executive Officer
	
	KBS CAPITAL ADVISORS LLC
			
	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., ManagerFirst Amendment to Purchase Agreement-OIRE Michigan, dated July 5, 2007

 Exhibit 10.97 
 FIRST AMENDMENT TO PURCHASE AGREEMENT 
 THIS FIRST AMENDMENT TO PURCHASE AGREEMENT
(this “First Amendment”) is made as of the 5th day of July, 2007, by and between OIRE MICHIGAN, L.L.C., a Delaware limited liability company (“Seller”), and KBS INDUSTRIAL PORTFOLIO (MI), LLC, a Delaware limited
liability company (“Buyer”), with reference to the following facts: 
 RECITALS 
 A. Seller and KBS Capital Advisors LLC, a Delaware limited liability company (“Original Buyer”) have heretofore entered into that
certain Purchase Agreement (the “Purchase Agreement”) dated June 1, 2007, pursuant to which Seller agreed to sell, and Original Buyer agreed to purchase, the Subject Property (as such term is defined in the Purchase Agreement).
In accordance with the terms and conditions of that certain Assignment and Assumption of Purchase Agreement dated June 29, 2007, Original Buyer assigned to Buyer, and Buyer assumed, all of Original Buyer’s rights and obligations under the
Purchase Agreement. Unless expressly defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Purchase Agreement. 
 B. Seller and Buyer have agreed to modify the terms of the Purchase Agreement as set forth in this First Amendment. 
 NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intended to be legally bound, Seller and Buyer agree as follows: 
 1. Recitals. The Recitals set forth above are hereby incorporated herein by reference as if the same were fully set forth herein.

 2. Extension of Closing Date. The execution and delivery of this First Amendment by Buyer shall constitute Buyer’s
delivery to Seller of Buyer’s written notice that Buyer has exercised its right to extend the Closing Date to July 25, 2007, and, therefore, the Extended Closing Date shall be July 25, 2007; provided, however, notwithstanding the
foregoing, Buyer shall have the right to accelerate the Closing Date to a date sooner than July 25, 2007, by providing Seller with no less than five (5) business days prior written notice (the “Acceleration Notice”) so
that the new Extended Closing Date shall be no less than five (5) business days after delivery by Buyer to Seller of the Acceleration Notice. 
 3. Credits to the Purchase Price. Concurrently with the Closing, Buyer shall be entitled to a credit towards the Purchase Price equal to the sum of (a) $300,874.40, plus (b) a per diem amount equal to
$1,941.10 per day commencing on the Closing Date and continuing through July 31, 2007, representing free rent under the lease with Advo, Inc. 
 4. Incomplete Landlord Improvements Under Advo, Inc. Lease. Seller acknowledges and agrees that, with respect to the Incomplete Landlord’s Improvements that Seller is obligated to complete in accordance with the
provisions of Exhibit B-1 attached to the Purchase Agreement, Seller shall (a) promptly cause such Incomplete Landlord’s Improvements 

 
to be completed in accordance with the provisions of the lease entered into with Advo, Inc., and (b) promptly pay for all amounts owing with respect to
the Incomplete Landlord’s Improvements as the same are completed. In addition, Seller shall assign to Buyer all assignable warranties relating to the Incomplete Landlord’s Improvements as the same are completed. The provisions of this
Paragraph 4 shall survive the Closing. 
 5. Effectiveness of Purchase Agreement. Except as modified by this First Amendment,
all the terms of the Purchase Agreement shall remain unmodified and in full force and effect. 
 6. Counterparts. This First
Amendment may be executed in counterparts, and all counterparts together shall be construed as one document. 
 7. Telecopied
Signatures. A counterpart of this First Amendment signed by one party to this First Amendment and telecopied to the other party to this First Amendment or its counsel (i) shall have the same effect as an original signed counterpart of
this First Amendment, and (ii) shall be conclusive proof, admissible in judicial proceedings, of such party’s execution of this First Amendment. 
 8. Successors and Assigns. All of the terms and conditions of this First Amendment shall apply to benefit and bind the successors and assigns of the respective parties. 

 IN WITNESS WHEREOF, Seller and Buyer have entered into this First Amendment to the Purchase Agreement as
of the date first above stated. 
  

			
	SELLER:
	
	OIRE MICHIGAN, L.L.C., a Delaware limited liability company
		
	By:	 	 /s/ Authorized Signatory

	Name:	 	  

	Title:	 	  

  

 S-1 

 IN WITNESS WHEREOF, Seller and Buyer have entered into this First Amendment to the Purchase Agreement as
of the date first above stated. 
  

											
	BUYER:
	
	 KBS INDUSTRIAL PORTFOLIO (MI), LLC,
 a
Delaware limited liability company

		
	By:	 	 KBS REIT ACQUISITION XXI, LLC,
 a Delaware
limited liability company,
 its sole member

			
		 	By:	 	 KBS REIT PROPERTIES, LLC,
 a Delaware limited
liability company,
 its sole member

				
		 		 	By:	 	 KBS LIMITED PARTNERSHIP,
 a Delaware limited
partnership,
 its sole member

					
		 		 		 	 By:
	 	 KBS REAL ESTATE INVESTMENT TRUST, INC.,
 a Maryland corporation,
 general partner

						
		 		 		 		 	By:	 	 /s/ Charles J. Schreiber, Jr.

		 		 		 		 		 	 Charles J. Schreiber, Jr.
 Chief Executive
Officer

  

 S-2

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