Document:

EX-4.5

 Exhibit 4.5 

AMENDED AND RESTATED ESCROW AGREEMENT 

THIS AMENDED AND RESTATED ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this 18th
day of March, 2016 by and among KBS Capital Markets Group, LLC, a California limited liability company (the “Dealer Manager”), KBS Growth & Income REIT, Inc., a Maryland corporation (the “Company”), and UMB
Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”). 

RECITALS 

WHEREAS, the Company, the Dealer Manager and the Escrow Agent are parties to an Escrow Agreement dated June 11, 2015
pursuant to which the Company and the Dealer Manager established an escrow account (the “Escrow Account”) in connection with the private placement offering of the Company’s shares of Class A common stock, in which certain funds were
deposited and the Company engaged the Escrow Agent act as escrow agent to the Escrow Account. 
 WHEREAS, the Company
now proposes to offer and sell to the public shares of its Class A common stock and Class T common stock (together, the “Shares”) in any combination, on a best-efforts basis, for up to $1.5 billion of gross offering proceeds
(excluding the shares of its common stock to be offered and sold pursuant to the Company’s distribution reinvestment plan), at an initial purchase price of up to $10.39 per share of Class A common stock and $10.00 per share of Class T common
stock (the “Offering”) to investors pursuant to the Company’s Registration Statement on Form S-11 (File No. 333-207471), as amended from time to time (the “Offering Document”). 

WHEREAS, the Dealer Manager will be engaged by the Company to offer and sell the Shares in the Offering on a best
efforts basis through a network of participating broker-dealers (the “Dealers”). 
 WHEREAS, the
Company has agreed that the subscription price paid for Shares in the Offering by residents of the State of Arizona (“Arizona Subscribers”), residents of the State of Massachusetts (“Massachusetts Subscribers”) and
residents of the State of Pennsylvania (“Pennsylvania Subscribers,” and together with the Arizona Subscribers and the Massachusetts Subscribers, the “Subscribers”) will be refunded to such Subscribers if a
minimum amount of gross offering proceeds, as described below, including proceeds from persons who are affiliated with the Company, its sponsors or KBS Capital Advisors, LLC (the “Advisor”), has not been raised prior to the
termination of the Offering. 
 WHEREAS, the Dealer Manager and the Company desire that funds received in connection
with the Offering from Arizona Subscribers, Massachusetts Subscribers and Pennsylvania Subscribers be, except as otherwise specified herein, deposited in the Escrow Account, as further described herein. 

WHEREAS, the funds received from Arizona Subscribers will remain in the Escrow Account until the conditions of
Section 3 have been met, and the funds received from Massachusetts Subscribers and Pennsylvania Subscribers will remain in the Escrow Account until the conditions of Section 4 have been met. 

 WHEREAS, the Escrow Agent has engaged DST Systems (the “Processing
Agent”), to examine for “good order” subscriptions and to act as record keeper, maintaining on behalf of the Escrow Agent the ownership records for the Escrow Account. In so acting, Processing Agent shall be acting solely in the
capacity of agent for the Escrow Agent and not in any capacity on behalf of the Company or the Dealer Manager. 

WHEREAS, in order to subscribe for Shares during the Escrow Period (as defined below), Arizona Subscribers,
Massachusetts Subscribers and Pennsylvania Subscribers must deliver the full amount of the purchase price for the Shares: (i) by check made payable to the order of “UMB Bank, N.A., as Escrow Agent for KBS Growth & Income REIT,
Inc.,” in U.S. dollars; or (ii) by draft or wire transfer of immediately available funds in U.S. dollars, made payable as provided in Section 12(b) (collectively, the “Payment Instruments”). 

AGREEMENT 

NOW, THEREFORE, the Dealer Manager, the Company and Escrow Agent hereby amend and restate the terms of the Escrow
Agreement dated June 11, 2015 and agree to the terms of this Agreement as follows: 

1.        Establishment of Escrow Account; Escrow Period.     The Company
has previously established the Escrow Account with the Escrow Agent, which is entitled “UMB Bank, N.A., as Escrow Agent for KBS Growth & Income REIT, Inc.” This Agreement, as amended and restated, shall be effective on the date on
which the Offering Document becomes effective. The “Arizona Escrow Period” shall be applicable only to Arizona Subscribers and shall commence upon the effectiveness of this Agreement and shall continue until the earlier of: (a) the
date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised the AZ Minimum (as defined below) and (b) the termination of the Offering by the Company prior to the receipt of the AZ
Minimum. The “MA and PA Escrow Period” shall be applicable only to Massachusetts Subscribers and Pennsylvania Subscribers and shall commence upon the effectiveness of this Agreement and shall continue until the earlier of: (a) the
date upon which the Escrow Agent receives confirmation from the Company and the Dealer Manager that the Company has raised the MA and PA Minimum (as defined below) and (b) the termination of the Offering by the Company prior to the receipt of the MA
and PA Minimum. The Arizona Escrow Period and MA and PA Escrow Period are collectively referred to as the “Escrow Period.” 

2.        Deposits in the Escrow Account.     During the applicable Escrow
Period, Arizona Subscribers, Massachusetts Subscribers and Pennsylvania Subscribers subscribing to purchase Shares will be instructed by the Company, the Dealer Manager and the Dealers to make Payment Instruments for subscriptions payable to the
order of “UMB Bank, N.A., as Escrow Agent for KBS Growth & Income REIT, Inc.” Completed subscription agreements and Payment Instruments for the purchase price for the Shares shall be remitted by the broker dealers or registered
investment advisors, as applicable, on behalf of persons subscribing to purchase shares directly to the Escrow Agent as provided in Section 12(b) by the end of the next business day following receipt of any such Payment Instruments or, if final
internal supervisory review is conducted at a different location, by the end of the next business day following receipt of any such Payment Instruments by the office conducting final internal supervisory review. The Escrow Agent hereby agrees to
maintain the funds contributed by Arizona Subscribers, Massachusetts Subscribers and Pennsylvania Subscribers in a manner in which they may be separately accounted 

 
for by the records of the Processing Agent so that the requirements of Section 3 and 4 of this Agreement can be met. Deposits shall be held in the Escrow Account until such funds are
disbursed in accordance with Sections 3 and 4. Prior to disbursement of the funds deposited in the Escrow Account, upon receipt of the Payment Instruments, Escrow Agent shall fax or scan a listing of the subscriber name and purchase price to
Processing Agent, together with all other subscription documents sent with the Payment Instruments. Prior to disbursement of the funds deposited in the Escrow Account, such funds shall not be subject to claims by creditors of the Company or any
of its affiliates. If any of the Payment Instruments are returned to the Escrow Agent for nonpayment prior to disbursement of the funds deposited in the Escrow Account, the Escrow Agent shall promptly notify the Processing Agent and the Company
in writing via mail, email or facsimile of such nonpayment, and the Escrow Agent is authorized to debit the Escrow Account, as applicable in the amount of such returned payment and the Processing Agent shall delete the appropriate account from the
records maintained by the Processing Agent. Within 30 days from the date of receipt of each subscription, the Company will determine whether or not the subscription is to be accepted or rejected in whole or in part. Within 10 business days of
receipt by the Escrow Agent of written notice from the Company, or as soon thereafter as practicable, that a subscription has been rejected, the Escrow Agent shall transfer by check or wire the funds and all interest, if any, earned thereon, of any
Subscriber whose subscription has been rejected since the commencement of the Offering, provided that the Escrow Agent shall not return such subscriber’s funds unless it has received a fully complete Form W-9, or an appropriate substitute
thereto, executed by the subscriber. The Processing Agent will maintain a written account of each subscription, which account shall set forth, among other things, the following information: (i) the subscriber’s name and address; (ii) the
subscriber’s social security number; (iii) the number of Shares purchased by such subscriber; and (iv) the amount paid by such subscriber for such Shares. During the Escrow Period neither the Company nor the Dealer Manager will be
entitled to any principal funds received into the Escrow Account. 
 3.          Distribution of the
Funds from Arizona Subscribers. 
 (a)        Notwithstanding anything to the
contrary herein, disbursement of funds contributed by Arizona Subscribers may only be distributed in compliance with the provisions of this Section 3. The Escrow Agent will place deposits from Arizona Subscribers into the Escrow Account until
such time as the Company notifies the Escrow Agent in writing that gross offering proceeds raised in the Offering (excluding amounts then held in the Escrow Account for Massachusetts Subscribers and Pennsylvania Subscribers) equal or exceed
$2,000,000 (the “AZ Minimum”), whereupon the Escrow Agent shall: (i) disburse to the Company, at the Company’s request, the principal amount of the funds from Arizona Subscribers received by the Escrow Agent for accepted
subscriptions; and (ii) disburse directly to the Company any interest earned on Arizona Subscribers’ subscription payments while such payments were held in the Escrow Account. However, the Escrow Agent shall not disburse those funds of a
subscriber, the subscription of which has been rejected or rescinded, if the Escrow Agent has been notified by the Company of such rejection or rescission. 

(b)        If the Company has not received the AZ Minimum prior to the termination of
the Offering, all funds in the Escrow Account that were contributed by Arizona Subscribers will be promptly returned in full to such Arizona Subscribers, together with their pro rata 

 
share of any interest earned thereon pursuant to instructions made by the Company upon which the Escrow Agent may conclusively rely, provided that the Escrow Agent shall not return such
subscriber’s funds unless it has received a fully complete Form W-9, or an appropriate substitute thereto, executed by the subscriber. The subscription payments returned to each Arizona Subscriber shall be free and clear of any and all claims
of the Company or any of its creditors. 
 4.          Distribution of the Funds from Massachusetts
Subscribers and Pennsylvania Subscribers. 
 (a)        Notwithstanding anything
to the contrary herein, disbursements of funds contributed by Massachusetts Subscribers and Pennsylvania Subscribers may only be distributed in compliance with the provisions of this Section 4. The Escrow Agent will place deposits from
Massachusetts Subscribers and Pennsylvania Subscribers into the Escrow Account until such time as the Company notifies the Escrow Agent in writing that gross offering proceeds received from the sale of the Shares, whether in the Offering or in a
separate private offering (including amounts then held in the Escrow Account for Massachusetts Subscribers and Pennsylvania Subscribers) equal or exceed $75,000,000 (the “MA and PA Minimum”), whereupon the Escrow Agent shall: (i)
disburse to the Company, at the Company’s request, the principal amount of the funds from the Massachusetts Subscribers and the Pennsylvania Subscribers received by the Escrow Agent for accepted subscriptions; and (ii) disburse directly to the
Company any interest earned on Massachusetts Subscribers’ and Pennsylvania Subscribers’ subscription payments while such payments were held in the Escrow Account. However, the Escrow Agent shall not disburse to the Company those funds of a
subscriber, the subscription of which has been rejected or rescinded, if the Escrow Agent has been notified by the Company of such rejection or rescission. 

(b)        With respect to funds received from Pennsylvania Subscribers, if the Company
has not received the MA and PA Minimum within 120 days of the date the Company first receives a subscription in the Offering from a Pennsylvania Subscriber (the “Initial Escrow Period”), the Company, within 10 days of the end of the
Initial Escrow Period, shall notify each Pennsylvania Subscriber by certified mail or any other means (whereby receipt of delivery is obtained) of the right of Pennsylvania Subscribers to have their investment returned to them. If, pursuant to such
notice, a Pennsylvania Subscriber requests the return of his or her subscription funds within ten (10) days after receipt of the notification (the “Request Period”), the Escrow Agent shall promptly refund, directly to each
Pennsylvania Subscriber, the funds deposited in the Escrow Account on behalf of the Pennsylvania Subscriber, and shall disburse directly to the Company any interest earned on each such Pennsylvania Subscribers’ subscription payments while such
payments were held in the Escrow Account. 
 (c)        The funds of Pennsylvania
Subscribers who do not request the return of their funds within the Request Period shall remain in the Escrow Account for successive 120-day escrow periods (each a “Successive Escrow Period”), each commencing automatically upon the
termination of the prior Successive Escrow Period, and the Company and Escrow Agent shall follow the notification and payment procedure set forth in Section 4(b) above with respect to the Initial Escrow Period for each Successive Escrow Period,
except that for each Successive Escrow Period, if a Pennsylvania Subscriber requests the return of his or her subscription funds within the Request Period, the Escrow Agent shall promptly refund, directly to such Pennsylvania Subscriber, the funds
deposited in the Escrow 

 
Account on behalf of the Pennsylvania Subscriber together with their pro rata share of any interest earned thereon commencing with the first day after the Initial Escrow Period. The Company
and Escrow Agent shall follow this procedure until the occurrence of the earliest of: (i) the termination of the Offering by the Company prior to the receipt of the MA and PA Minimum; (ii) the receipt and acceptance by the Company of the
MA and PA Minimum and the disbursement of the funds held in the Escrow Account on the terms specified in this Section 4; or (iii) all funds held in the Escrow Account that were contributed by Pennsylvania Subscribers having been returned
to the Pennsylvania Subscribers in accordance with the provisions hereof. 

(d)        If the Company has not received the MA and PA Minimum prior to the
termination of the Offering, all funds in the Escrow Account that were contributed by Massachusetts Subscribers and Pennsylvania Subscribers will be promptly returned in full to such Massachusetts Subscribers and Pennsylvania Subscribers, together
with their pro rata share of any interest earned thereon pursuant to instructions made by the Company, upon which the Escrow Agent may conclusively rely, provided that the Escrow Agent shall not return such subscriber’s funds unless it has
received a fully complete Form W-9, or an appropriate substitute thereto, executed by the subscriber. The subscription payments returned to each Massachusetts Subscriber and Pennsylvania Subscribers shall be free and clear of any and all claims of
the Company or any of its creditors. 
 5.          Escrowed Funds. 

(a)        Upon receipt of funds from Subscribers, the Escrow Agent shall hold such
funds in escrow pursuant to the terms of this Agreement. All such funds held in the Escrow Account shall be invested and reinvested in UMB Money Market Special, a bank money market account permitted under Rule 15c2-4 of the Securities Exchange
Act of 1934, as amended. All funds in the Escrow Account shall at all times be placed in interest-bearing accounts. 

(b)        The Escrow Agent shall be entitled to sell or redeem any such investment as
necessary to make any disbursement required under this Agreement and shall not be liable or responsible for any loss resulting from any such sale or redemption. 

(c)        Income, if any, resulting from the investment of the funds received from
Subscribers shall be disbursed according to this Agreement. 
 (d)        The Escrow
Agent shall provide to the Company monthly statements (or more frequently as reasonably requested by the Company) on the account balance of the Escrow Account and the activity in the account since the last report. 

6.          Duties of the Escrow Agent.    The Escrow Agent shall
have no duties or responsibilities other than those expressly set forth in this Agreement, and no implied duties or obligations shall be read into this Agreement against the Escrow Agent. The Escrow Agent is not a party to, or bound by, any other
agreement among the other parties hereto, and the Escrow Agent’s duties shall be determined solely by reference to this Agreement. The Escrow Agent shall have no duty to enforce any obligation of any person, other than as provided herein. The
Escrow Agent shall be under no liability to anyone by reason of any failure on the part of any party hereto or any maker, endorser or other signatory of any document or any other person to perform such person’s obligations under any such
document. 
 7.          Liability of the Escrow Agent and the Processing Agent;
Indemnification. 

 (a)        The Escrow Agent acts
hereunder as a depository only. The Escrow Agent is not responsible or liable in any manner for the sufficiency, correctness, genuineness or validity of this Escrow Agreement or with respect to the form of execution of the same. Each of the Escrow
Agent and the Processing Agent shall not be liable for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in good faith, and in the exercise of its own best judgment, and may rely conclusively and shall be
protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Escrow Agent or the Processing Agent), statement, instrument, report or other paper or document (not only as to its due
execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by the Escrow Agent or the Processing Agent to be genuine and to be signed or
presented by the proper person(s). Each of the Escrow Agent and the Processing Agent shall not be held liable for any error in judgment made in good faith by an officer or employee of either unless it shall be proved that the Escrow Agent or
the Processing Agent, as appropriate, was grossly negligent or reckless in ascertaining the pertinent facts or acted intentionally in bad faith. The Escrow Agent shall not be bound by any notice of demand, or any waiver, modification,
termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a writing delivered to the Escrow Agent signed by the proper party or parties and, if the duties or rights of the Escrow Agent are affected, unless it shall
give its prior written consent thereto. 
 (b)        Either of the Escrow Agent and
the Processing Agent may consult legal counsel and shall exercise reasonable care in the selection of such counsel, in the event of any dispute or question as to the construction of any provisions hereof or its duties hereunder, and it shall incur
no liability and shall be fully protected in acting in accordance with the reasonable opinion or instructions of such counsel. 

(c)        Each of the Escrow Agent and the Processing Agent shall not be responsible,
may conclusively rely upon and shall be protected, indemnified and held harmless by the Company, for the sufficiency or accuracy of the form of, or the execution, validity, value or genuineness of any document or property received, held or delivered
by it hereunder, or of the signature or endorsement thereon, or for any description therein; nor shall the Escrow Agent or the Processing Agent be responsible or liable in any respect on account of the identity, authority or rights of the persons
executing or delivering or purporting to execute or deliver any document, property or this Agreement. 

(d)        In the event that either the Escrow Agent or the Processing Agent shall
become involved in any arbitration or litigation relating to the funds received from Subscribers, each is authorized to comply with any decision reached through such arbitration or litigation. 

(e)        The Company hereby agrees to indemnify both the Escrow Agent and the
Processing Agent for, and to hold it harmless against, any loss, liability or expense incurred in connection herewith without gross negligence, recklessness or willful misconduct on the part of either of the Escrow Agent or the Processing Agent,
including without limitation legal or other fees arising out of or in connection with its entering into this Agreement and carrying out its duties hereunder, including without limitation the costs and expenses of defending itself against any claim
of liability in the premises or any action for interpleader. Neither the Escrow Agent, nor the Processing Agent, shall be 

 
under any obligation to institute or defend any action, suit, or legal proceeding in connection herewith, unless first indemnified and held harmless to its satisfaction in accordance with the
foregoing, except that neither shall be indemnified against any loss, liability or expense arising out of its own gross negligence, recklessness or willful misconduct. Such indemnity shall survive the termination or discharge of this Agreement
or resignation of the Escrow Agent. 
 8.          The Escrow Agent’s
Fee. Escrow Agent shall be entitled to fees and expenses for its regular services as Escrow Agent as set forth in Exhibit A. Additionally, Escrow Agent is entitled to reasonable fees for extraordinary services and reimbursement of
any reasonable out of pocket and extraordinary costs and expenses related to its obligations as Escrow Agent under this Agreement, including, but not limited to, reasonable attorneys’ fees. All of the Escrow Agent’s compensation, costs and
expenses shall be paid by the Company. 
 9.          Security Interests. No
party to this Escrow Agreement shall grant a security interest in any monies or other property deposited with the Escrow Agent under this Escrow Agreement, or otherwise create a lien, encumbrance or other claim against such monies or borrow against
the same. 
 10.        Dispute. In the event of any disagreement between the
undersigned or the person or persons named in instructions given pursuant to this Agreement, or any other person, resulting in adverse claims and demands being made in connection with or for any papers, money or property involved herein, or affected
hereby, the Escrow Agent shall be entitled to refuse to comply with any demand or claim, as long as such disagreement shall continue, and in so refusing to make any delivery or other disposition of any money, papers or property involved or affected
hereby, the Escrow Agent shall not be or become liable to the undersigned or to any person named in such instructions for its refusal to comply with such conflicting or adverse demands, and the Escrow Agent shall be entitled to refuse and refrain to
act until: (a) the rights of the adverse claimants shall have been fully and finally adjudicated in a court of competent jurisdiction over the parties and money, papers and property involved herein or affected hereby; or (b) all
differences shall have been adjusted by agreement and the Escrow Agent shall have been notified thereof in writing, signed by all the interested parties. 

11.        Resignation of Escrow Agent. Escrow Agent may resign or be removed, at any
time, for any reason, by written notice of its resignation or removal to the proper parties at their respective addresses as set forth herein, at least 60 days before the date specified for such resignation or removal to take effect; upon the
effective date of such resignation or removal: 
 (a)        all cash and other
payments and all other property then held by the Escrow Agent hereunder shall be delivered by it to such successor escrow agent as may be designated in writing by the Company, whereupon the Escrow Agent’s obligations hereunder shall cease and
terminate; or 
 (b)        if no such successor escrow agent has been designated by
such date, all obligations of the Escrow Agent hereunder shall, nevertheless, cease and terminate, and the Escrow Agent’s sole responsibility thereafter shall be to keep all property then held by it and to deliver the same to a person
designated in writing by the Company or in accordance with the directions of a final order or judgment of a court of competent jurisdiction; and 

(c)        further, if no such successor escrow agent has been designated by such date,
the Escrow Agent may petition any court of competent jurisdiction for the appointment of a 

 
successor agent; further the Escrow Agent may pay into such court all monies and property deposited with Escrow Agent under this Agreement.

12.        Notices. All notices, demands and requests required or permitted to be given
under the provisions hereof must be in writing and shall be deemed to have been sufficiently given, upon receipt, if (i) personally delivered, (ii) sent by telecopy and confirmed by phone or (iii) mailed by registered or certified
mail, with return receipt requested, delivered to the addresses set forth below, or to such other address as a party shall have designated by notice in writing to the other parties in the manner provided by this paragraph: 

 

			
	(a) If to Company:	  	KBS Growth & Income REIT, Inc.
		  	800 Newport Center Drive, Suite 700
		  	Newport Beach, CA 92660
		  	Telephone: (949) 417-6500
		  	Facsimile: (949) 417-6520
		
		  	Company Wire Instructions:
		  	To be provided by the Company
		
	(b) If to the Escrow Agent:	  	UMB Bank, N.A.
		  	1010 Grand Blvd., 4th Floor
		  	Mail Stop: 1020409
		  	Kansas City, Missouri 64106
		  	Attention: Lara Stevens,
		  	Corporate Trust & Escrow Services
		  	Telephone: (816) 860-3017
		  	Facsimile: (816) 860-3029
		
		  	Escrow Agent Wiring Instructions:
		  	UMB Bank, N.A.
		  	ABA Routing Number: 101000695
		  	Account Number: To be provided by UMB Bank, N.A.
		  	Account Name: UMB Bank, N.A., as Escrow Agent for KBS Growth & Income REIT, Inc.
		
		  	Checks Payable Information:
		  	UMB Bank, N.A., as Escrow Agent for KBS Growth & Income REIT, Inc.
		  	 Attention: Lara Stevens, Corporate Trust & Escrow Services

1010 Grand Boulevard, 4th Floor

M/S 1020409
 Kansas City, Missouri 64106

		
	(c) If to Dealer Manager:	  	KBS Capital Markets Group, LLC
		  	800 Newport Center Drive, Suite 700
		  	Newport Beach, CA 92660
		  	Attention: Hans Henselman, Chief Compliance Officer
		  	Telephone: (949) 717-6247
		  	Facsimile: (949) 717-6201

 13.        Governing Law. This Agreement
shall be construed and enforced in accordance with the laws of the State of Missouri without regard to the principles of conflicts of law. 

14.        Binding Effect; Benefit. This Agreement shall be binding upon and inure to the
benefit of the permitted successors and assigns of the parties hereto. 

15.        Modification. This Agreement may be amended, modified or terminated at any time
by a writing executed by the Dealer Manager, the Company and the Escrow Agent. 

16.        Assignability. This Agreement shall not be assigned by the Escrow Agent without the
Company’s prior written consent. 
 17.        Counterparts. This Agreement may be
executed in one or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed
documents shall be deemed to be authentic and valid counterparts of such original documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law. 

18.        Headings. The section headings contained in this Agreement are inserted for
convenience only, and shall not affect in any way, the meaning or interpretation of this Agreement. 

19.        Severability. This Agreement constitutes the entire agreement among the parties
and supersedes all prior and contemporaneous agreements and undertakings of the parties in connection herewith. No failure or delay of the Escrow Agent in exercising any right, power or remedy may be, or may be deemed to be, a waiver thereof;
nor may any single or partial exercise of any right, power or remedy preclude any other or further exercise of any right, power or remedy. In the event that any one or more of the provisions contained in this Agreement, shall, for any reason,
be held to be invalid, illegal or unenforceable in any respect, then to the maximum extent permitted by law, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement. 

20.        Earnings Allocation; Tax Matters; Patriot Act Compliance; OFAC Search
Duties. The Escrow Agent shall be responsible for all tax reporting under this Escrow Agreement. The Company shall provide to Escrow Agent upon the execution of this Agreement any documentation requested and any information reasonably
requested by the Escrow Agent to comply with the USA Patriot Act of 2001, as amended from time to time. The Escrow Agent, or its agent, shall complete an OFAC search, in compliance with its policy and procedures, of each Payment Instrument and
shall inform the Company if a Payment Instrument fails the OFAC search. 

21.        Miscellaneous. This Agreement shall not be construed against the party
preparing it, and shall be construed without regard to the identity of the person who drafted it or the party who caused it to be drafted and shall be construed as if all parties had jointly prepared this Agreement and it shall be deemed their joint
work product, and each and every provision of this Agreement shall be construed as though all of the parties hereto participated equally in the drafting hereof; and any uncertainty or ambiguity shall not be interpreted against any one party. As
a result of the foregoing, any rule of construction that a document is to be construed against the drafting party shall not be applicable. 

 22.        Third Party Beneficiaries. The
Processing Agent shall be a third party beneficiary under this Agreement, entitled to enforce any rights, duties or obligations owed to it under this Agreement notwithstanding the terms of any other agreements between the Processing Agent and any
Party hereto. 
 23.        Termination of the Escrow Agreement. This Agreement, except
for Sections 7 and 11 hereof, which shall continue in effect, shall terminate upon written notice from the Company to the Escrow Agent. Unless otherwise provided, final termination of this Agreement shall occur on the date that all funds held in the
Escrow Account are disbursed either: (a) to the Company or to Subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account; or (b) to a successor escrow agent upon written instructions from the Company. 

24.        Relationship of Parties. The Dealer Manager and the Company are unaffiliated
with the Escrow Agent, and this Agreement does not create any partnership or joint venture among either the Dealer Manager or the Company and the Escrow Agent. 

IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed by their duly authorized representatives
as of the date first written hereinabove. 
  

					
	DEALER MANAGER:	 	
		
	KBS CAPITAL MARKETS GROUP, LLC	 	
			
	By:	 	   /s/ Hans
Henselman                                    	 	
	Name: Hans Henselman	 	
	Title: Chief Operating Officer	 	
		
	COMPANY:	 	
		
	KBS GROWTH & INCOME REIT, INC.	 	
		
	By:	 	   /s/ Jeffrey K.
Waldvogel                                        
  
	Name: Jeffrey K. Waldvogel	 	
	Title: Chief Financial Officer	 	
		
	ESCROW AGENT:	 	
		
	UMB BANK, N.A.	 	
		
	By:	 	   /s/ Lara L.
Stevens                                        
           
	Name: Lara L. Stevens	 	
	Title: Vice President	 	

 EXHIBIT A 

ESCROW FEES AND EXPENSES 
  

					
	 Acceptance Fee
	  			
	 Review escrow agreement and establish account
	  	$	3,000	  
	 DST Agency Engagement
	  	$	250	  
		
	 Annual Fee
	  			
	 Annual Escrow Agent
	  	$	2,500	  
		
	 Transaction Fees
	  			
	 (a) Per outgoing wire transfer
	  	$	15.00	  
	 (b) IRS Tax Reporting per Form 1099 (Int., B or Misc.)
	  	$	10.00	  
	 (c) Per Overnight Delivery/Mailing
	  	$	16.50	  
	 (d) Web Exchange Access per month
	  	$	15.00	  
	 (e) Daily Recon File to Transfer Agent per Business Day
	  	$	2.50	  

 Fees specified are for the regular, routine services contemplated by the Escrow Agreement, and any additional
or extraordinary services, including, but not limited to disbursements involving a dispute or arbitration, or administration while a dispute, controversy or adverse claim is in existence, will be charged based upon time required at the then standard
hourly rate. In addition to the specified fees, all expenses related to the administration of the Escrow Agreement (other than normal overhead expenses of the regular staff) such as, but not limited to, travel, postage, shipping, courier, telephone,
facsimile, supplies, legal fees, accounting fees, etc., will be reimbursable. Acceptance fee and first year Annual Escrow Agent fee will be payable at the initiation of the escrow. Thereafter, the Annual Escrow Agent fee will be billed in
advance and transaction fees will be billed in arrears. Other fees and expenses will be billed as incurred.EX-10.17

 Exhibit 10.17 
  

 
  
 FORM
OF 
 SECOND AMENDED AND RESTATED 

ADVISORY AGREEMENT 
 between 

KBS GROWTH & INCOME REIT, INC. 

and 
 KBS CAPITAL ADVISORS LLC

 April     , 2016 

 TABLE OF CONTENTS 
  

					
	 	  	Page	 
		
	 ARTICLE 1 – DEFINITIONS
	  	 	1	  
	 ARTICLE 2 – APPOINTMENT
	  	 	10	  
	 ARTICLE 3 – DUTIES OF THE ADVISOR
	  	 	10	  
	 3.01 Organizational and Offering Services
	  	 	10	  
	 3.02 Acquisition Services
	  	 	10	  
	 3.03 Asset Management Services
	  	 	11	  
	 3.04 Stockholder Services
	  	 	14	  
	 3.05 Other Services
	  	 	14	  
	 ARTICLE 4 – AUTHORITY OF ADVISOR
	  	 	14	  
	 4.01 General
	  	 	14	  
	 4.02 Powers of the Advisor
	  	 	14	  
	 4.03 Approval by the Board
	  	 	15	  
	 4.04 Modification or Revocation of Authority of Advisor
	  	 	15	  
	 ARTICLE 5 – BANK ACCOUNTS
	  	 	15	  
	 ARTICLE 6 – RECORDS AND FINANCIAL STATEMENTS
	  	 	15	  
	 ARTICLE 7 – LIMITATION ON ACTIVITIES
	  	 	16	  
	 ARTICLE 8 – FEES
	  	 	16	  
	 8.01 Acquisition Fees
	  	 	16	  
	 8.02 Origination Fees
	  	 	17	  
	 8.03 Asset Management Fees
	  	 	17	  
	 8.04 Disposition Fees
	  	 	18	  
	 8.05 Subscription Processing Fee
	  	 	19	  
	 8.06 Subordinated Share of Cash Flows
	  	 	19	  
	 8.07 Subordinated Incentive Fee
	  	 	19	  
	 8.08 Changes to Fee Structure
	  	 	20	  
	 ARTICLE 9 – EXPENSES
	  	 	20	  
	 9.01 General
	  	 	20	  
	 9.02 Timing of and Limitations on Reimbursements
	  	 	22	  
	 ARTICLE 10 – VOTING AGREEMENT
	  	 	22	  
	 ARTICLE 11 – RELATIONSHIP OF ADVISOR AND COMPANY, OTHER ACTIVITIES OF THE ADVISOR
	  	 	22	  
	 11.01 Relationship
	  	 	23	  
	 11.02 Time Commitment
	  	 	23	  
	 11.03 Investment Opportunities and Allocation
	  	 	23	  
	 ARTICLE 12 – THE KBS NAME
	  	 	24	  
	 ARTICLE 13 – TERM AND TERMINATION OF THE AGREEMENT
	  	 	24	  
	 13.01 Term
	  	 	24	  
	 13.02 Termination by Either Party
	  	 	24	  
	 13.03 Payments on Termination and Survival of Certain Rights and Obligations
	  	 	24	  
	 ARTICLE 14 – ASSIGNMENT
	  	 	25	  
	 ARTICLE 15 – INDEMNIFICATION AND LIMITATION OF LIABILITY
	  	 	25	  
	 15.01 Indemnification
	  	 	25	  
	 15.02 Limitation on Indemnification
	  	 	26	  

  
 i 

					
	 15.03 Limitation on Payment of Expenses
	  	 	26	  
	 ARTICLE 16 – MISCELLANEOUS
	  	 	27	  
	 16.01 Notices
	  	 	27	  
	 16.02 Modification
	  	 	27	  
	 16.03 Severability
	  	 	27	  
	 16.04 Construction
	  	 	27	  
	 16.05 Entire Agreement
	  	 	27	  
	 16.06 Waiver
	  	 	27	  
	 16.07 Gender
	  	 	28	  
	 16.08 Titles Not to Affect Interpretation
	  	 	28	  
	 16.09 Counterparts
	  	 	28	  
	 ARTICLE 17 – ADVANCE
	  	 	28	  

  
 ii 

 ADVISORY AGREEMENT 

This Advisory Agreement, dated as of April     , 2016 (the “Agreement”), is
between KBS Growth & Income REIT, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”). 

W I T N E S S E T H 

WHEREAS, the Company and the Advisor previously entered into the Amended and Restated Advisory Agreement dated August 11, 2015
and amended at various times thereafter (as amended, the “Advisory Agreement”); 
 WHEREAS, the Company
expects to commence the Public Offering in April 2016; 
 WHEREAS, in connection with the commencement of the Public
Offering by the Company, the Company and the Advisor desire to amend and restate the Advisory Agreement to provide certain limitations included in the Company’s Article of Incorporation related to its commencement of the Public Offering; 

WHEREAS, the Company desires to continue to avail itself of the knowledge, experience, sources of information, advice,
assistance and certain facilities available to the Advisor and to have the Advisor undertake the duties and responsibilities hereinafter set forth, on behalf of, and subject to the supervision of, the board of directors of the Company (the
“Board”), all as provided herein; and 
 WHEREAS, the Advisor is willing to undertake to render such
services, subject to the supervision of the Board, on the terms and conditions hereinafter set forth. 
 NOW, THEREFORE, in
consideration of the foregoing and of the mutual covenants and agreements contained herein, the parties hereto agree to amend and restate the Advisory Agreement as follows: 

ARTICLE 1 
 DEFINITIONS 

The following defined terms used in this Agreement shall have the meanings specified below: 

“Acquiror” shall have the meaning set forth in the definition of “Merger” below. 

“Acquisition Expenses” means any and all expenses, excluding the fees payable to the Advisor pursuant to
Section 8.01 and Section 8.02, incurred by the Company, the Advisor or any Affiliate of either in connection with the selection, acquisition or development of any property, loan or other potential investment, whether or not acquired or originated,
as applicable, including, without limitation, legal fees and expenses, travel and communication expenses, costs of appraisals, nonrefundable option payments on properties or other investments not acquired, accounting fees and expenses, title
insurance premiums and miscellaneous expenses related to the selection, acquisition or development of any property, loan or other potential investment. 

  
 1 

 “Acquisition Fees” means the fee payable to the Advisor pursuant
to Section 8.01 plus all other fees and commissions, excluding Acquisition Expenses, paid by any Person to any Person in connection with making or investing in any Property or other Permitted Investment or the purchase, development or construction
of any Property by the Company. Included in the computation of such fees or commissions shall be any real estate commission, selection fee, Development Fee, Construction Fee, nonrecurring management fee, loan fees or points or any fee of a similar
nature, however designated. Excluded shall be Development Fees and Construction Fees paid to Persons not Affiliated with the Advisor in connection with the actual development and construction of a Property. 

“Advance” shall have the meaning set forth in Article 17. 

“Advisor” means (i) KBS Capital Advisors LLC, a Delaware limited liability company, or (ii) any successor
advisor to the Company. 
 “Affiliate” or “Affiliated” An Affiliate of another Person
includes any of the following: (i) any Person directly or indirectly controlling, controlled by, or under common control with such other Person; (ii) any Person directly or indirectly owning, controlling, or holding with the power to vote 10% or
more of the outstanding voting securities of such other Person; (iii) any legal entity for which such Person acts as an executive officer, director, trustee, or general partner; (iv) any Person 10% or more of whose outstanding voting securities are
directly or indirectly owned, controlled, or held, with power to vote, by such other Person; and (v) any executive officer, director, trustee, or general partner of such other Person. An entity shall not be deemed to control or be under common
control with an Advisor-sponsored program unless (i) the entity owns 10% or more of the voting equity interests of such program or (ii) a majority of the board of directors (or equivalent governing body) of such program is composed of Affiliates of
the entity. 
 “Appraised Value” means the value according to an appraisal made by an Independent
Appraiser. 
 “Articles of Incorporation” means the Articles of Incorporation of the Company under Title 2
of the Corporations and Associations Article of the Annotated Code of Maryland, as amended from time to time. 

“Asset Management Fee” shall have the meaning set forth in Section 8.03. 

“Average Invested Assets” means, for a specified period, the average of the aggregate book value of the
assets of the Company invested, directly or indirectly, in Properties, Loans and other Permitted Investments secured by real estate before reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of
such values at the end of each month during such period. 
 “Average Issue Price” means the weighted
average price at which shares were purchased in the primary portion of an Offering which shall be calculated as of the end of the month preceding the date upon which the calculation is being made. 

  
 2 

 “Board of Directors” or “Board” means the
persons holding such office, as of any particular time, under the Articles of Incorporation of the Company, whether they be the Directors named therein or additional or successor Directors. 

“Bylaws” means the bylaws of the Company, as amended from time to time. 

“Cash from Financings” means the net cash proceeds realized by the Company from the financing of Properties,
Loans or other Permitted Investments or from the refinancing of any Company indebtedness (after deduction of all expenses incurred in connection therewith). 

“Cash from Sales and Settlements” means the net cash proceeds realized by the Company (i) from the sale,
exchange or other disposition of any of its assets or any portion thereof after deduction of all expenses incurred in connection therewith and (ii) from the prepayment, maturity, workout or other settlement of any Loan or Permitted Investment or
portion thereof after deduction of all expenses incurred in connection therewith. In the case of a transaction described in clause (i) (C) of the definition of “Sale” and (i)(B) of the definition of “Settlement,” Cash from Sales
and Settlements means the proceeds of any such transaction actually distributed to the Company from the Joint Venture or partnership. Cash from Sales and Settlements shall not include Cash from Financings. 

“Cash from Sales, Settlements and Financings” means the total sum of Cash from Sales and Settlements and Cash
from Financings. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time, or any
successor statute thereto. Reference to any provision of the Code shall mean such provision as in effect from time to time, as the same may be amended, and any successor provision thereto, as interpreted by any applicable regulations as in effect
from time to time. 
 “Company” means KBS Growth & Income REIT, Inc., a corporation organized under the
laws of the State of Maryland. 
 “Competitive Real Estate Commission” means a real estate or brokerage
commission for the purchase or sale of property that is reasonable, customary, and competitive in light of the size, type, and location of the property. 

“Conflicts Committee” shall have the meaning set forth in the Company’s Articles of Incorporation. 

“Construction Fee” means a fee or other remuneration for acting as general contractor and/or construction
manager to construct improvements, supervise and coordinate projects or to provide major repairs or rehabilitation on a Property. 

“Contract Sales Price” means the purchase price to be paid in connection with the sale of a Property, Loan or
other Permitted Investment less any concessions agreed to in connection with the sale which may include but are not limited to credits for future building or tenant improvements, credits for future free rent given to tenants, credits for future
lease up assumptions, or other future rental concessions; or, in the case of a discounted payoff of a Loan, 

  
 3 

 
the total funds received by the Company in connection with the payoff, less any expenses related thereto. 

“Cost of Loans and other Permitted Investments” means the sum of the cost of all Loans and Permitted
Investments held, directly or indirectly, by the Company or the Partnership, calculated each month on an ongoing basis, and calculated as follows for each investment: the lesser of (i) the amount actually paid or allocated to acquire, originate or
fund the Loan or Permitted Investment, including the fees and expenses associated with the acquisition, origination or funding of such Loan or Permitted Investment (but excluding any Acquisition Fees or Origination Fees paid or payable to the
Advisor or its Affiliates under this Agreement), and (ii) the outstanding principal amount of such Loan or Permitted Investment, including the fees and expenses associated with the acquisition, origination or funding of such Loan or Permitted
Investment (but excluding any Acquisition Fees or Origination Fees paid or payable to the Advisor or its Affiliates under this Agreement), as of the time of calculation. With respect to any Loan or Permitted Investment held by the Company or the
Partnership through a Joint Venture or partnership of which it is, directly or indirectly, a co-venturer or partner, such amount shall be the Company’s proportionate share thereof. The Cost of Loans and other Permitted Investments shall be
reduced by any debt financing secured by, or attributable to, such investments. 
 “Cost of Real Estate
Investments” means the sum of (i) with respect to Properties wholly owned, directly or indirectly, by the Company, the amount actually paid or allocated to the purchase of Properties, including the fees and expenses associated with the
purchase of such Properties (but excluding any Acquisition Fees paid or payable to the Advisor or its Affiliates under this Agreement), plus budgeted capital improvement costs for the development, construction or improvement of Properties once such
funds are disbursed pursuant to a final approved budget and (ii) in the case of Properties owned by any Joint Venture or partnership in which the Company or the Partnership is, directly or indirectly, a co-venturer or a partner, the portion of the
amount actually paid or allocated to the purchase of Properties, including the fees and expenses associated with the purchase of such Properties (but excluding any Acquisition Fees paid or payable to the Advisor or its Affiliates under this
Agreement), plus budgeted capital improvement costs for the development, construction or improvement of Properties once such funds are disbursed pursuant to a final approved budget, that is attributable to the Company’s investment in the Joint
Venture or partnership. The Cost of Real Estate Investments shall be reduced by any debt financing secured by, or attributable to, the Properties. 

“Dealer Manager” means (i) KBS Capital Markets Group LLC, a Delaware limited liability company, or (ii) any
successor dealer manager to the Company. 
 “Development Fee” means a fee for the packaging of a Property,
including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date. 

“Director” means a member of the Board of Directors of the Company. 

“Disposition Fee” shall have the meaning set forth in Section 8.04. 

  
 4 

 “Distributions” means any distributions (which shall not include
stock dividends) of money or other property by the Company to owners of Shares, including distributions that may constitute a return of capital for federal income tax purposes. 

“Excess Proceeds” shall have the meaning set forth in Article 17. 

“GAAP” means accounting principles generally accepted in the United States. 

“Gross Investment Amount” means the amount calculated by multiplying the total number of Shares purchased by
Stockholders by the issue price, reduced by the total number of shares repurchased by the Company (excluding the number of shares issued as stock dividends and subsequently repurchased by the Company) multiplied by the Average Issue Price. 

“Gross Proceeds” means the aggregate purchase price of all Shares sold for the account of the Company through
an Offering, without deduction for Organization and Offering Expenses. 
 “Independent Appraiser” means a
person or entity with no material current or prior business or personal relationship with the Advisor or the Directors, who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by
the Company, and who is a qualified appraiser of real estate as determined by the Board. Membership in a nationally recognized appraisal society such as the American Institute of Real Estate Appraisers (“M.A.I.”) or the Society of Real
Estate Appraisers (“S.R.E.A.”) shall be conclusive evidence of such qualification. 
 “Joint
Venture” means any joint venture, limited liability company or other Affiliate of the Company that owns, in whole or in part, on behalf of the Company any Properties, Loans or other Permitted Investments. 

“Listed” or “Listing” shall have the meaning set forth in the Company’s Articles of
Incorporation. 
 “Loans” means mortgage loans and other types of debt financing investments made by the
Company or the Partnership, either directly or indirectly, including through ownership interests in a Joint Venture or partnership, and including, without limitation, mezzanine loans, B-notes, bridge loans, convertible mortgages, wraparound mortgage
loans, construction mortgage loans, loans on leasehold interests, and participations in such loans. 
 “Market
Value” shall have the meaning set forth in Section 8.07(i). 
 “Merger” means any business
combination, merger, reorganization or share exchange involving the Company or its subsidiaries into or with another corporation or other legal person (the “Acquiror”) and as a result of such transaction, less than 51% of the
outstanding voting securities or other capital interests of the surviving, resulting or acquiring corporation or other legal person are owned in the aggregate by those who were Stockholders immediately prior to such transaction (other than the
Acquiror or its Affiliates if they owned Shares immediately prior to such transaction). 

  
 5 

 “Merger Consideration Amount” means (i) in the case of a Merger
in which the consideration consists solely of cash, the total consideration to be received by holders of Shares outstanding immediately prior to the closing of the Merger, (ii) in the case of a Merger in which the consideration consists of
securities traded on a national securities exchange, the product of (x) the number of shares of such securities received by the Stockholders at the closing of the Merger and (y) the market value of such securities, measured by taking the average
closing price or the average of the bid and asked price, as the case may be, over a period of 30 consecutive days during which such securities are traded, with such 30-day period ending on the trading day prior to the closing date of the Merger,
(iii) in the case of a Merger in which the consideration consist of securities that are not traded on a national securities exchange, the aggregate the fair market value (as of the most recent practicable date) of the securities to be received by
the Stockholders as estimated by an independent expert chosen by the Board of Directors, and (iv) in the case of a Merger in which the consideration is some combination of that described above, the sum of clauses (i) through (iii), as applicable.

 “MFFO” shall have the meaning set forth in Article 17. 

“MFFO Surplus” shall have the meaning set forth in Article 17. 

“NASAA Guidelines” means the NASAA Statement of Policy Regarding Real Estate Investment Trusts as in effect
on the date hereof. 
 “Net Income” means, for any period, the total revenues applicable to such period,
less the total expenses applicable to such period excluding additions to reserves for depreciation, bad debts or other similar non-cash reserves; provided, however, Net Income for purposes of calculating total allowable Operating Expenses (as
defined herein) shall exclude the gain from the sale of the Company’s assets. 
 “Offering” means a
Private Offering or Public Offering. 
 “Operating Cash Flow” means Operating Revenue Cash Flows minus the
sum of (i) Operating Expenses, (ii) all principal and interest payments on indebtedness and other sums paid to lenders, (iii) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting,
brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (iv) taxes, (v) incentive fees paid in
compliance with Section IV.F. of the NASAA Guidelines and (vi) Acquisition Fees, Origination Fees, Acquisition Expenses, real estate commissions on the resale of real property, and other expenses connected with the acquisition, origination,
disposition, and ownership of real estate interests, loans or other property (other than commissions on the sale of assets other than real property), such as the costs of foreclosure, insurance premiums, legal services, maintenance, repair and
improvement of property. 
 “Operating Expenses” means all costs and expenses incurred by the Company, as
determined under GAAP, that in any way are related to the operation of the Company or to Company business, including fees paid to the Advisor, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal,
audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred 

  
 6 

 
in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization
and bad loan reserves, (v) incentive fees paid in compliance with Section IV.F. of the NASAA Guidelines and (vi) Acquisition Fees, Origination Fees, Acquisition Expenses, real estate commissions on the resale of real property, and other expenses
connected with the acquisition, origination, disposition, and ownership of real estate interests, loans or other property (other than commissions on the sale of assets other than real property), such as the costs of foreclosure, insurance premiums,
legal services, maintenance, repair and improvement of property. 
 “Operating Revenue Cash Flows” means
the Company’s cash flow from ownership and/or operation of (i) Properties, (ii) Loans, (iii) Permitted Investments, (iv) short-term investments, and (v) interests in Properties, Loans and Permitted Investments owned by any Joint Venture or any
partnership in which the Company or the Partnership is, directly or indirectly, a co-venturer or partner. 

“Organization and Offering Expenses” means all expenses incurred by or on behalf of the Company in connection
with or in preparing the Company for an Offering and including, to the extent applicable, the qualification, registration and regulatory filings of the Offering and the marketing and distribution of the Shares, whether incurred before or after the
date of this Agreement, which may include but are not limited to, total underwriting and brokerage discounts and commissions (including fees of the underwriters’ attorneys); any expense allowance granted by the Company to the underwriter or any
reimbursement of expenses of the underwriter by the Company; expenses for printing, engraving and mailing; compensation of employees while engaged in sales activity; charges of transfer agents, registrars, trustees, escrow holders, depositaries and
experts; and expenses of qualification of the sale of the securities under Federal and State laws, including taxes and fees, accountants’ and attorneys’ fees. 

“Origination Fees” means the fee payable to the Advisor pursuant to Section 8.02 plus all other fees and
commissions, excluding Acquisition Expenses, paid by any Person to any Person in connection with making or investing in any Loan by the Company. 

“Partnership” means KBS Growth & Income Limited Partnership, a Delaware limited partnership formed to own
and operate Properties, Loans and other Permitted Investments on behalf of the Company. 
 “Permitted
Investments” means all investments (other than Properties, Loans and short-term investments acquired for purposes of cash management) in which the Company may acquire an interest, either directly or indirectly, including through ownership
interests in a Joint Venture or partnership, pursuant to its Articles of Incorporation, Bylaws and the investment objectives and policies adopted by the Board from time to time. 

“Person” means an individual, corporation, partnership, estate, trust (including a trust qualified under
Section 401(a) or 501(c) (17) of the Code), a portion of a trust permanently set aside for or to be used exclusively for the purposes described in Section 642(c) of the Code, association, private foundation within the meaning of
Section 509(a) of the Code, joint stock company or other entity, or any government or any agency or political subdivision thereof, and also includes a group as that term is used for purposes of Section 13(d)(3) of the Securities Exchange Act of
1934, as amended. 

  
 7 

 “Private Offering” means an offering of Shares pursuant to an
exemption from registration under the Securities Act of 1933, as amended. 
 “Property” or
“Properties” means any real property or properties transferred or conveyed to the Company or the Partnership, either directly or indirectly, and/or any real property or properties transferred or conveyed to a Joint Venture or
partnership in which the Company is, directly or indirectly, a co-venturer or partner. 
 “Property
Manager” means an entity that has been retained to perform and carry out, at one or more of the Properties, property-management services, excluding persons, entities or independent contractors retained or hired to perform facility
management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property. 

“Public Offering” means the public offering of Shares pursuant to the effective Registration Statement filed
under the Securities Act of 1933 (file no. 333-207471), as amended. 
 “REIT” means a “real estate
investment trust” under Sections 856 through 860 of the Code. 
 “Sale” means any transaction or
series of related transactions whereby: (A) the Company or the Partnership sells, grants, transfers, conveys, or relinquishes its ownership of any Property, Loan or other Permitted Investment or portion thereof, including the transfer of any
Property that is the subject of a ground lease, and including any event with respect to any Property, Loan or other Permitted Investment that gives rise to a significant amount of insurance proceeds or condemnation awards, and including the issuance
by one of the Company’s subsidiaries of any asset-backed securities as part of a securitization transaction; (B) the Company or the Partnership sells, grants, transfers, conveys, or relinquishes its ownership of all or substantially all of the
interest of the Company or the Partnership in any Joint Venture or partnership in which it is, directly or indirectly, a co-venturer or partner; or (C) any Joint Venture or partnership (in which the Company or the Partnership is, directly or
indirectly, a co-venturer or partner) sells, grants, transfers, conveys, or relinquishes its ownership of any Property, Loan or other Permitted Investment or portion thereof, including any event with respect to any Property, Loan or other Permitted
Investment that gives rise to insurance claims or condemnation awards, and including the issuance by such Joint Venture or partnership or one of its subsidiaries of any asset-backed securities as part of a securitization transaction. 

“SEC” means the United States Securities and Exchange Commission. 

“Settlement” means the prepayment, maturity, workout or other settlement of any Loan or other Permitted
Investment or portion thereof owned, directly or indirectly, by (A) the Company or the Partnership or (B) any Joint Venture or any partnership in which the Company or the Partnership is, directly or indirectly, a partner. 

“Shares” means the shares of common stock of the Company, par value $.01 per share. 

“Stockholders” means the registered holders of the Shares. 

  
 8 

 “Stockholders’ 6% Return” means, as of any date, an
aggregate amount equal to a 6% cumulative, non-compounded, annual return on Gross Investment Amount (calculated like simple interest on a daily basis based on a three hundred sixty-five day year). For purposes of calculating the Stockholders’
6% Return, Gross Investment Amount shall be determined for each day during the period for which the Stockholders’ 6% Return is being calculated, including a daily adjustment to reflect shares repurchased by the Company (excluding shares issued
as stock dividends and subsequently repurchased by the Company), and shall be calculated net of (1) Distributions of Cash from Sales and Settlements, (2) Distributions of Operating Cash Flow to the extent such Distributions of Operating Cash Flow
provide a cumulative, non-compounded, annual return in excess of 6%, as such amounts are computed on a daily basis based on a three hundred sixty-five day year and (3) Distributions of Cash from Financings, except to the extent such Distributions
would be required to supplement Distributions of Operating Cash Flow in order to achieve a cumulative, non-compounded, annual return of 6%, as such amounts are computed on a daily basis based on a three hundred sixty-five day year. 

“Subordinated Incentive Fee” means the fee payable to the Advisor under certain circumstances, as calculated
in Section 8.07. 
 “Subordinated Performance Fee Due Upon Termination” means a fee payable in the form of
a promissory note (the “Performance Fee Note”) in a principal amount equal to (1) 15% of the amount, if any, by which (a) the Appraised Value of the Company’s Properties at the Termination Date, less amounts of all third-party
indebtedness secured by the Company’s Properties, plus the fair market value of all other Loans and Permitted Investments of the Company at the Termination Date, less amounts of third-party indebtedness related to such Loans and Permitted
Investments, plus the fair market value of the Company’s other assets and liabilities, plus total Distributions through the Termination Date exceeds (b) the Gross Investment Amount plus total Distributions required to be made to the
stockholders in order to pay the Stockholders’ 6% Return from inception through the Termination Date. The Company shall repay the Performance Fee Note at such time as the Company completes the first Sale or Settlement after the Termination Date
using Cash from Sales and Settlements. If the Cash from Sales and Settlements from the first Sale or Settlement after the Termination Date is insufficient to pay the Performance Fee Note in full, then the Performance Fee Note shall be paid in part
from the Cash from Sales and Settlement from the first Sale or Settlement, and in part from the Cash from Sales and Settlements from each successive Sale or Settlement until the Performance Fee Note is repaid in full. If the Performance Fee Note has
not been paid in full within five years from the Termination Date, then the Advisor, its successors or assigns, may elect to convert the balance of the fee into Shares at a price per Share equal to the average closing price of the Shares over the
ten trading days immediately preceding the date of such election if the Shares are Listed at such time. If the Shares are not Listed at such time, the Advisor, its successors or assigns, may elect to convert the balance of the fee into Shares at a
price per Share equal to the fair market value for the Shares as determined by the Board of Directors based upon the Appraised Value of Company’s Properties on the date of election plus the fair market value of all other Loans and Permitted
Investments of the Company on the date of election. 
 “Subordinated Share of Cash Flows” has the meaning set forth in
Section 8.06. 
 “Subscription Processing Fee” has the meaning set forth in Section 8.05. 

  
 9 

 “Termination Date” means the date of termination of the
Agreement determined in accordance with Article 12 hereof. 
 “2%/25% Guidelines” means the requirement
pursuant to the NASAA Guidelines that, in any period of four consecutive fiscal quarters, total Operating Expenses not exceed the greater of 2% of the Company’s Average Invested Assets during such 12-month period or 25% of the Company’s
Net Income over the same 12-month period. 
 ARTICLE 2 

APPOINTMENT 
 The
Company hereby appoints the Advisor to serve as its advisor and asset manager on the terms and conditions set forth in this Agreement, and the Advisor hereby accepts such appointment. 

ARTICLE 3 
 DUTIES OF THE ADVISOR

 The Advisor is responsible for managing, operating, directing and supervising the operations and administration of the
Company and its assets. The Advisor undertakes to use its best efforts to present to the Company potential investment opportunities, to make investment decisions on behalf of the Company, subject to limitations in the Company’s Articles of
Incorporation, the direction and oversight of the Board and Section 4.03 hereof, and to provide the Company with a continuing and suitable investment program consistent with the investment objectives and policies of the Company as determined and
adopted from time to time by the Board. Subject to the limitations set forth in this Agreement, including Article 4 hereof, and the continuing and exclusive authority of the Board over the management of the Company, the Advisor shall, either
directly or by engaging an Affiliate or third party, perform the following duties: 

3.01        Organizational and Offering Services. The Advisor shall perform all
services related to the organization of the Company or any Offering, other than services that (i) are to be performed by the Dealer Manager, (ii) the Company elects to perform directly or (iii) would require the Advisor to register as
a broker-dealer with the SEC or any state. 
 3.02        Acquisition
Services. 
   (i)        Serve as the Company’s
investment and financial advisor and provide relevant market research and economic and statistical data in connection with the Company’s assets and investment objectives and policies; 

  (ii)        Subject to Section 4 hereof and the investment
objectives and policies of the Company: (a) locate, analyze and select potential investments; (b) structure and negotiate the terms and conditions of transactions pursuant to which investments in Properties, Loans and other Permitted Investments
will be made; (c) acquire, originate and dispose of Properties, Loans and other Permitted Investments on behalf of the Company; (d) arrange for financing and refinancing and make other changes in the asset or capital structure of investments in
Properties, Loans and other Permitted Investments; 

  
 10 

 
and (e) enter into leases, service contracts and other agreements for Properties, Loans and other Permitted Investments; 

   (iii)        Perform due diligence on prospective
investments and create due diligence reports summarizing the results of such work; 

   (iv)        Prepare reports regarding prospective
investments that include recommendations and supporting documentation necessary for the Directors to evaluate the proposed investments; 

   (v)         Obtain reports (which may be
prepared by the Advisor or its Affiliates), where appropriate, concerning the value of contemplated investments of the Company; 

   (vi)        Deliver to or maintain on behalf of the
Company copies of all appraisals obtained in connection with the Company’s investments; and 

   (vii)      Negotiate and execute approved investments and
other transactions, including prepayments, maturities, workouts and other settlements of Loans and other Permitted Investments. 

3.03        Asset Management Services. 

   (i)          Real Estate and Related
Services: 

     (a)          Investigate,
select and, on behalf of the Company, engage and conduct business with (including enter contracts with) such Persons as the Advisor deems necessary to the proper performance of its obligations as set forth in this Agreement, including but not
limited to consultants, accountants, lenders, technical advisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians, agents for collection, insurers, insurance agents, developers, construction
companies, Property Managers and any and all Persons acting in any other capacity deemed by the Advisor necessary or desirable for the performance of any of the foregoing services; 

     (b)          Negotiate and
service the Company’s debt facilities and other financings; 

     (c)          Monitor
applicable markets and obtain reports (which may be prepared by the Advisor or its Affiliates) where appropriate, concerning the value of investments of the Company; 

     (d)          Monitor and
evaluate the performance of each asset of the Company and the Company’s overall portfolio of assets, provide daily management services to the Company and perform and supervise the various management and operational functions related to the
Company’s investments; 

     (e)          Formulate and
oversee the implementation of strategies for the administration, promotion, management, operation, maintenance, improvement, 

  
 11 

 
financing and refinancing, marketing, leasing and disposition of Properties, Loans and other Permitted Investments on an overall portfolio basis; 

(f)          Consult with the Company’s officers and
the Board and assist the Board in the formulation and implementation of the Company’s financial policies, and, as necessary, furnish the Board with advice and recommendations with respect to the making of investments consistent with the
investment objectives and policies of the Company and in connection with any borrowings proposed to be undertaken by the Company; 

(g)         Oversee the performance by the Property Managers of
their duties, including collection and proper deposits of rental payments and payment of Property expenses and maintenance; 

(h)         Conduct periodic on-site property visits to some or
all (as the Advisor deems reasonably necessary) of the Properties to inspect the physical condition of the Properties and to evaluate the performance of the Property Managers; 

(i)          Review, analyze and comment upon the operating
budgets, capital budgets and leasing plans prepared and submitted by each Property Manager and aggregate these property budgets into the Company’s overall budget; 

(j)          Coordinate and manage relationships between
the Company and any co-venturers or partners; and 

(k)         Consult with the Company’s officers and the
Board and provide assistance with the evaluation and approval of potential asset dispositions, sales and refinancings. 

  (ii)        Accounting and Other Administrative Services:

 (a)          Provide the day-to-day management of the
Company and perform and supervise the various administrative functions reasonably necessary for the management of the Company; 

(b)          From time to time, or at any time reasonably
requested by the Board, make reports to the Board on the Advisor’s performance of services to the Company under this Agreement; 

(c)          Make reports to the Conflicts Committee each
quarter of the investments that have been made by other programs sponsored by the Advisor or any of its Affiliates, including KBS Realty Advisors LLC, as well as any investments that have been made by the Advisor or any of its Affiliates directly;

 (d)          Provide or arrange for any administrative
services and items, legal and other services, office space, office furnishings, personnel and other overhead items necessary and incidental to the Company’s business and operations; 

  
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 (e)        Provide
financial and operational planning services; 
 (f)        Maintain
accounting and other record-keeping functions at the Company and investment levels, including information concerning the activities of the Company as shall be required to prepare and to file all periodic financial reports, tax returns and any other
information required to be filed with the SEC, the Internal Revenue Service and any other regulatory agency; 

(g)        Maintain and preserve all appropriate books and records of
the Company; 
 (h)        Provide tax and compliance services and
coordinate with appropriate third parties, including the Company’s independent auditors and other consultants, on related tax matters; 

(i)         Provide the Company with all necessary cash
management services; 
 (j)         Manage and coordinate with
the transfer agent the distribution process and payments to Stockholders; 

(k)        Consult with the Company’s officers and the Board and
assist the Board in evaluating and obtaining adequate insurance coverage based upon risk management determinations; 

(l)         Provide the Company’s officers and the Board
with timely updates related to the overall regulatory environment affecting the Company, as well as managing compliance with such matters, including but not limited to compliance with the Sarbanes-Oxley Act of 2002; 

(m)       Consult with the Company’s officers and the Board relating
to the corporate governance structure and appropriate policies and procedures related thereto; 

(n)        Perform all reporting, record keeping, internal controls
and similar matters in a manner to allow the Company to comply with applicable law, including federal and state securities laws and the Sarbanes-Oxley Act of 2002; 

(o)        Notify the Board of all proposed material transactions
before they are completed; and 
 (p)        Do all things
necessary to assure its ability to render the services described in this Agreement. 

  
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 3.04        Stockholder Services. 

(i)        Manage services for and communications with Stockholders, including
answering phone calls, preparing and sending written and electronic reports and other communications; 

(ii)       Oversee the performance of the transfer agent and registrar; 

(iii)      Establish technology infrastructure to assist in providing Stockholder support and
service; and 
 (iv)      Consistent with Section 3.01, the Advisor shall perform the various
subscription processing services reasonably necessary for the admission of new Stockholders. 

3.05        Other Services. Except as provided in Article 7, the Advisor shall perform any
other services reasonably requested by the Company (acting through the Conflicts Committee). 
 ARTICLE 4 

AUTHORITY OF ADVISOR 

4.01        General. All rights and powers to manage and control the day-to-day
business and affairs of the Company shall be vested in the Advisor. The Advisor shall have the power to delegate all or any part of its rights and powers to manage and control the business and affairs of the Company to such officers, employees,
Affiliates, agents and representatives of the Advisor or the Company as it may deem appropriate. Any authority delegated by the Advisor to any other Person shall be subject to the limitations on the rights and powers of the Advisor specifically set
forth in this Agreement or the Articles of Incorporation. 
 4.02        Powers
of the Advisor. Subject to the express limitations set forth in this Agreement and the continuing and exclusive authority of the Board over the management of the Company, the power to direct the management, operation and policies of the Company,
including making, financing and disposing of investments, shall be vested in the Advisor, which shall have the power by itself and shall be authorized and empowered on behalf and in the name of the Company to carry out any and all of the objectives
and purposes of the Company and to perform all acts and enter into and perform all contracts and other undertakings that it may in its sole discretion deem necessary, advisable or incidental thereto to perform its obligations under this Agreement.

  
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 4.03        Approval by the Board.
Notwithstanding the foregoing, the Advisor may not take any action on behalf of the Company without the prior approval of the Board or duly authorized committees thereof if the Articles of Incorporation or Maryland General Corporation Law require
the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Advisor will deliver to the Board or committee, as applicable, all documents required by
it to evaluate such investment, financing or disposition. 

4.04        Modification or Revocation of Authority of Advisor. The Board may,
at any time upon the giving of notice to the Advisor, modify or revoke the authority or approvals set forth in Article 3 and this Article 4 hereof; provided, however, that such modification or revocation shall be effective upon receipt by the
Advisor and shall not be applicable to investment transactions to which the Advisor has committed the Company prior to the date of receipt by the Advisor of such notification. 

ARTICLE 5 
 BANK ACCOUNTS 

The Advisor may establish and maintain one or more bank accounts in the name of the Company and may collect and deposit into
any such account or accounts, and disburse from any such account or accounts, any money on behalf of the Company, under such terms and conditions as the Board may approve, provided that no funds shall be commingled with the funds of the Advisor. The
Advisor shall from time to time render appropriate accountings of such collections and payments to the Board and the independent auditors of the Company. 

ARTICLE 6 
 RECORDS AND FINANCIAL
STATEMENTS 
 The Advisor, in the conduct of its responsibilities to the Company, shall maintain adequate and separate books
and records for the Company’s operations in accordance with GAAP, which shall be supported by sufficient documentation to ascertain that such books and records are properly and accurately recorded. Such books and records shall be the property
of the Company and shall be available for inspection by the Board and by counsel, auditors and other authorized agents of the Company, at any time or from time to time during normal business hours. Such books and records shall include all
information necessary to calculate and audit the fees or reimbursements paid under this Agreement. The Advisor shall utilize procedures to attempt to ensure such control over accounting and financial transactions as is reasonably required to protect
the Company’s assets from theft, error or fraudulent activity. All financial statements that the Advisor delivers to the Company shall be prepared on an accrual basis in accordance with GAAP, except for special financial reports that by their
nature require a deviation from GAAP. The Advisor shall liaise with the Company’s officers and independent auditors and shall provide such officers and auditors with the reports and other information that the Company so requests. 

  
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 ARTICLE 7 

LIMITATION ON ACTIVITIES 

Notwithstanding any provision in this Agreement to the contrary, the Advisor shall not take any action that, in its sole
judgment made in good faith, would (i) adversely affect the ability of the Company to qualify or continue to qualify as a REIT under the Code, (ii) subject the Company to regulation under the Investment Company Act of 1940, as amended, (iii) violate
any law, rule, regulation or statement of policy of any governmental body or agency having jurisdiction over the Company, its Shares or its other securities, (iv) require the Advisor to register as a broker-dealer with the SEC or any state, or (v)
violate the Articles of Incorporation or Bylaws. In the event an action that would violate (i) through (v) of the preceding sentence but such action has been ordered by the Board, the Advisor shall notify the Board of the Advisor’s judgment of
the potential impact of such action and shall refrain from taking such action until it receives further clarification or instructions from the Board. In such event, the Advisor shall have no liability for acting in accordance with the specific
instructions of the Board so given. 
 ARTICLE 8 

FEES 

8.01        Acquisition Fees. As compensation for the investigation, selection
and acquisition (by purchase, investment or exchange) of Properties and other Permitted Investments, the Company shall pay an Acquisition Fee to the Advisor for each such investment. With respect to the acquisition of a Property to be wholly owned
by the Company, the Acquisition Fee payable to the Advisor shall equal 2.0% of the sum of the amount actually paid or allocated to the purchase, development, construction or improvement of such Property, including any Acquisition Expenses associated
with the purchase of such Property, and the amount of any debt attributable to such Property, plus significant (as determined in the sole discretion of the Advisor) capital improvement costs budgeted as of the date of acquisition related to the
development, construction or improvement of such Property. With respect to other wholly owned Permitted Investments, the Acquisition Fee payable to the Advisor shall equal 2.0% of the cost of such Permitted Investment, including any Acquisition
Expenses associated with the purchase of such investment, and the amount of any debt attributable to such Permitted Investment, plus significant (as determined in the sole discretion of the Advisor) capital improvement costs budgeted as of the date
of acquisition related to the development, construction or improvement of such Permitted Investment. With respect to the acquisition of a Property or other Permitted Investment through any Joint Venture or any partnership in which the Company is,
directly or indirectly, a co-venturer or partner, the Acquisition Fee payable to the Advisor shall equal 2.0% of the portion of the amount actually paid or allocated to the purchase, development, construction or improvement of the Property or other
Permitted Investment, including any Acquisition Expenses associated with the purchase of such Property or Permitted Investment and the amount of any debt attributable to such Property or Permitted Investment, plus significant (as determined in the
sole discretion of the Advisor) capital improvement costs budgeted as of the date of acquisition related to the development, construction or improvement of such Property or Permitted Investment that is attributable to the Company’s investment
in the Joint Venture or partnership. Notwithstanding anything herein to the contrary, the payment of Acquisition Fees by the Company shall be subject to the limitations contained in the Company’s Articles of Incorporation. The Advisor shall
submit an invoice to the Company on or about the closing or 

  
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closings of each acquisition, accompanied by a computation of the Acquisition Fee. The Acquisition Fee payable to the Advisor shall be paid at the closing of the acquisition upon receipt of the
invoice by the Company. The Company will not pay an Acquisition Fee to the Advisor with respect to any transaction in which the Company is required to pay an Origination Fee to the Advisor pursuant to the provisions of Section 8.02 below.
Notwithstanding the foregoing, Acquisition Fees calculated based on capital improvement costs budgeted as of the date of acquisition shall be paid at the time funds are disbursed pursuant to a final approved budget upon receipt of an invoice by the
Company. Further, the Acquisition Fee may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Acquisition Fee not taken as to any period shall be deferred without interest and may be
paid in such other period as the Advisor shall determine. 

8.02        Origination Fees. As compensation for the investigation, selection,
sourcing and acquisition or origination of Loans, the Company shall pay an Origination Fee to the Advisor for each such acquisition or origination. With respect to the acquisition or origination of a Loan to be wholly owned by the Company, the
Origination Fee payable to the Advisor shall equal 2.0% of the amount to be funded (including any future funding of a Loan) by the Company to acquire or originate the Loan, including any Acquisition Expenses associated with the acquisition or
origination of such Loan, and the amount of any debt attributable to such Loan. With respect to the acquisition or origination of a Loan through any Joint Venture or any partnership in which the Company is, directly or indirectly, a co-venturer or
partner, the Origination Fee payable to the Advisor shall equal 2.0% of the portion of the amount to be funded (including any future funding of a Loan) by the Company to acquire or originate the Loan, including any Acquisition Expenses associated
with the acquisition or origination of such Loan, and the amount of any debt attributable to such Loan that is attributable to the Company’s investment in the Joint Venture or partnership. The Company will not pay an Origination Fee to the
Advisor with respect to any transaction pursuant to which the Company is required to pay the Advisor an Acquisition Fee. Notwithstanding anything herein to the contrary, the payment of Origination Fees by the Company shall be subject to the
limitations on Acquisition Fees contained in (and defined in) the Company’s Articles of Incorporation. The Advisor shall submit an invoice to the Company following the closing or closings of each Loan, accompanied by a computation of the
Origination Fee. The Origination Fee payable to the Advisor shall be paid at the closing of the transaction upon receipt of the invoice by the Company. The Origination Fee may not be taken, in whole or in part, as to any period in the sole
discretion of the Advisor. All or any portion of the Origination Fee not taken as to any period shall be deferred without interest and may be paid in such other period as the Advisor shall determine. 

8.03        Asset Management Fees. 

  (i)        Except as provided in Section 8.03(ii) hereof,
the Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 1.6% of the sum of the Cost of Real Estate
Investments and the Cost of Loans and other Permitted Investments. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset 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 Asset Management Fee may not be taken, in 

  
 17 

 
whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period shall be deferred without interest and may be
paid in such other fiscal period as the Advisor shall determine. 

(ii)        Notwithstanding anything contained in Section 8.03(i) to
the contrary, a Property, Loan or other Permitted Investment that has suffered an impairment in value, reduction in cash flow or other negative circumstances may either be excluded from the calculation of the Cost of Real Estate Investments or the
Cost of Loans and other Permitted Investments or included in such calculation at a reduced value that is recommended by the Advisor and the Company’s management and then approved by a majority of the members of the Conflicts Committee, and the
resulting change in the Asset Management Fee with respect to such investment will be applicable upon the earlier to occur of the date on which (i) such investment is sold, (ii) such investment is surrendered to a Person other than the Company, its
direct or indirect wholly owned subsidiary or a Joint Venture or partnership in which the Company has an interest, (iii) the Advisor determines that it will no longer pursue collection or other remedies related to such investment, or (iv) the
Advisor recommends a revised fee arrangement with respect to such investment. 

8.04      Disposition Fees. If the Advisor or any of its Affiliates provide a substantial
amount of services (as determined by the Conflicts Committee) in connection with a Sale, which includes the sale of a single asset or the sale of all or a portion of the Company’s assets through a portfolio sale, merger, or other business
combination transaction, the Advisor or such Affiliate shall receive a fee at the closing (the “Disposition Fee”). For a Sale with a Contract Sales Price less than or equal to $1.5 billion, the Disposition Fee will equal 1.5% of the
Contract Sales Price. For a Sale with a Contract Sales Price greater than $1.5 billion, the Disposition Fee will equal the sum of $22.5 million (which amount is 1.5% of $1.5 billion), plus 1.1% of the amount of the Contract Sales Price in excess of
$1.5 billion. The payment of any Disposition Fee by the Company shall be subject to the limitations contained in the Company’s Charter. Any Disposition Fee payable under this Section 8.03 may be paid in addition to commissions paid to
non-Affiliates, provided that the total commissions (including such Disposition Fee) paid to all Persons by the Company for each Sale shall not exceed an amount equal to the lesser of (i) 6.0% of the aggregate Contract Sales Price of each Property,
Loan or other Permitted Investment or (ii) the Competitive Real Estate Commission for each Property, Loan or other Permitted Investment. Substantial assistance in connection with the Sale of a Property includes the Advisor’s preparation of an
investment package for the Property (including a new investment analysis, rent rolls, tenant information regarding credit, a property title report, an environmental report, a structural report and exhibits) or such other substantial services
performed by the Advisor in connection with a Sale. The Advisor shall submit an invoice to the Company on or about the closing or closings of each disposition, accompanied by a computation of the Disposition Fee. Generally, the Disposition Fee
payable to the Advisor shall be paid at the closing of the transaction upon receipt of the invoice by the Company. However, the Disposition Fee may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any
portion of the Disposition Fees not taken as to any period shall be deferred without interest and may be paid in such other period as the Advisor shall determine. 

  
 18 

 8.05        Subscription Processing
Fee. The Company shall pay the Advisor as compensation for the services described in Section 3.04(iv) hereof a monthly fee (the “Subscription Processing Fee”) in an amount equal to $35 per subscription agreement for Shares
received and processed by the Advisor. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the total amount of the Subscription Processing Fee for the applicable period. Generally, the Subscription Processing
Fee payable to the Advisor shall be paid on the last day of such month, or the first business day following the last day of such month. However, the Subscription Processing Fee may not be taken, in whole or in part, as to any period in the sole
discretion of the Advisor. All or any portion of the Subscription Processing Fees not taken as to any period shall be deferred without interest and may be paid in such other period as the Advisor shall determine. The Subscription Processing Fee is
an Organization and Offering Expense of the Company and is subject to the limitations on Organization and Offering Expenses in Article 9 hereof. 

8.06        Subordinated Share of Cash Flows. The Subordinated Share of Cash
Flows shall be payable to the Advisor in an amount equal to 15% of Operating Cash Flow and Cash from Sales, Settlements and Financings remaining after the Stockholders have received Distributions in an aggregate amount equal to the sum of: 

a.        the Stockholders’ 6% Return and 

b.        Gross Investment Amount. 

Following Listing, no Subordinated Share of Cash Flows will be paid to the Advisor. 

If the Subordinated Share of Cash Flows is payable to the Advisor, the Advisor shall submit a monthly invoice to the Company, accompanied by a
computation of the total amount of the Subordinated Share of Cash Flows for the applicable period. Generally, the Subordinated Share of Cash Flows payable to the Advisor shall be paid on the last day of such month, or the first business day
following the last day of such month. For the avoidance of doubt, to the extent the payment of the Subordinated Share of Cash Flows is funded other than from Cash From Sales and Settlements, such amounts shall be included in Operating Expenses and
subject to the 2%/25% Guidelines. 
 8.07        Subordinated Incentive Fee.

       (i)        Upon Listing, the
Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.0% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and
asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders from the
Company’s inception until the date that Market Value is determined, exceeds (ii) the sum of (A) Gross Investment Amount and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 6% Return
from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. In the event the Subordinated Incentive Fee is paid to
the Advisor following Listing, no other performance fee will be paid to the Advisor. 

  
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  (ii)        Upon a Merger, the Advisor shall be entitled to
the Subordinated Incentive Fee in an amount equal to 15.0% of the amount by which (i) the Merger Consideration Amount, plus the total of all Distributions paid to Stockholders from the Company’s inception until the date of the closing of the
Merger, plus all Distributions declared prior to the Merger but to be paid after the Merger, exceeds (ii) the sum of (A) Gross Investment Amount and (B) the total Distributions required to be paid to the Stockholders in order to pay the
Stockholders’ 6% Return from inception through the date of the closing of the Merger. The Company shall have the option to pay such fee in the form of cash or Shares or any combination thereof. In the event the Subordinated Incentive Fee is
paid to the Advisor in connection with a Merger, no other performance fee will be paid to the Advisor. 

8.08        Changes to Fee Structure. In the event of Listing, the Company and
the Advisor shall negotiate in good faith to establish a fee structure appropriate for a perpetual-life entity. 
 ARTICLE 9 

EXPENSES 

9.01        General. In addition to the compensation paid to the Advisor
pursuant to Article 8 hereof, the Company shall pay directly or reimburse the Advisor for all of the expenses paid or incurred by the Advisor or its Affiliates on behalf of the Company or in connection with the services provided to the Company
pursuant to this Agreement, including, but not limited to: 

  (i)         Organization and Offering Expenses
related to the Private Offering that commenced on June 11, 2015, provided that no reimbursement shall be made for wholesaling compensation expense. 

  (ii)        Organization and Offering Expenses related to
the Public Offering; provided that no reimbursement shall be made for wholesaling compensation expense; provided further that the Company shall not reimburse the Advisor to the extent such reimbursement would cause the total amount spent by the
Company on Organization and Offering Expenses in the Public Offering to exceed 15% of the Gross Proceeds raised in the Public Offering as of the date of the reimbursement and provided further that within 60 days after the end of the month in which
the primary portion of the Public Offering terminates, (a) the Advisor and its Affiliates shall reimburse the Company to the extent that Organization and Offering expenses in connection with the primary portion of the Public Offering, but excluding
selling commissions, the dealer manager fee and the stockholder servicing fee, borne by the Company in connection the primary portion of the Public Offering exceed 1% of Gross Proceeds raised in the primary portion of the completed Public Offering.

   (iii)      Acquisition Fees, Origination Fees and Acquisition
Expenses incurred in connection with the selection and acquisition of Properties, Loans and other Permitted Investments, including such expenses incurred related to assets pursued or considered but not ultimately acquired by the Company, provided
that, notwithstanding anything herein to the contrary, the payment of Acquisition Fees, Origination Fees and Acquisition Expenses by the Company shall be subject to the limitations contained in the Company’s Articles of Incorporation; 

  
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 (iv)       The actual
out-of-pocket cost of goods and services used by the Company and obtained from entities not Affiliated with the Advisor; 

(v)         Interest and other costs for borrowed money,
including discounts, points and other similar fees; 

(vi)        Taxes and assessments on income or Properties, taxes as an
expense of doing business and any other taxes otherwise imposed on the Company and its business, assets or income; 

(vii)       Out-of-pocket costs associated with insurance required in
connection with the business of the Company or by its officers and Directors; 

(viii)      Expenses of managing, improving, developing, operating and selling
Properties, Loans and other Permitted Investments owned, directly or indirectly, by the Company, as well as expenses of other transactions relating to such Properties, Loans and other Permitted Investments, including but not limited to prepayments,
maturities, workouts and other settlements of Loans and other Permitted Investments; 

(ix)       All out-of-pocket expenses in connection with payments to the
Board and meetings of the Board and Stockholders; 

(x)         Personnel and related employment costs incurred by
the Advisor or its Affiliates in performing the services described in Article 3 hereof, including but not limited to reasonable salaries and wages, benefits and overhead of all employees directly involved in the performance of such services,
provided that, (a) other than reimbursement of travel and communication expenses, no reimbursement shall be made for the cost of such employees of the Advisor or its Affiliates to the extent that such employees perform services for which the Advisor
receives Acquisition Fees, Origination Fees or Disposition Fees and (b) no reimbursement shall be made for the salaries and benefits the Advisor or its Affiliates may pay to the Company’s executive officers; 

(xi)        Out-of-pocket expenses of providing services for and
maintaining communications with Stockholders, including the cost of preparation, printing, and mailing annual reports and other Stockholder reports, proxy statements and other reports required by governmental entities; 

(xii)       Audit, accounting and legal fees, and other fees for
professional services relating to the operations of the Company and all such fees incurred at the request, or on behalf of, the Board, the Conflicts Committee or any other committee of the Board; 

(xiii)      Out-of-pocket costs for the Company to comply with all applicable
laws, regulations and ordinances; 
 (xiv)       Expenses connected with
payments of Distributions and stock dividends made or caused to be made by the Company to the Stockholders; 

  
 21 

 (xv)      Expenses of organizing,
redomesticating, merging, liquidating or dissolving the Company or of amending the Articles of Incorporation or the Bylaws; and 

(xvi)     All other out-of-pocket costs incurred by the Advisor in performing its
duties hereunder. 
 9.02      Timing of and Additional Limitations on Reimbursements.

 (i)        Expenses incurred by the Advisor on behalf of the
Company and reimbursable pursuant to this Article 9 shall be reimbursed no less than monthly to the Advisor. The Advisor shall prepare a statement documenting the expenses of the Company during each quarter and shall deliver such statement to the
Company within 45 days after the end of each quarter. 

(ii)       Commencing with the quarter ending December 31, 2016, the
following limitation on Operating Expenses shall apply: The Company shall not reimburse the Advisor at the end of any fiscal quarter for Operating Expenses that in the four consecutive fiscal quarters then ended (the “Expense Year”)
exceed (the “Excess Amount”) the greater of 2% of Average Invested Assets or 25% of Net Income (the “2%/25% Guidelines”) for such year unless the Conflicts Committee determines that such excess was justified, based
on unusual and nonrecurring factors that the Conflicts Committee deems sufficient. If the Conflicts Committee does not approve such excess as being so justified, any Excess Amount paid to the Advisor during a fiscal quarter shall be repaid to the
Company. If the Conflicts Committee determines such excess was justified, then, within 60 days after the end of any fiscal quarter of the Company for which total reimbursed Operating Expenses for the Expense Year exceed the 2%/25% Guidelines, the
Advisor, at the direction of the Conflicts Committee, shall cause such fact to be disclosed to the Stockholders in writing (or the Company shall disclose such fact to the Stockholders in the next quarterly report of the Company or by filing a
Current Report on Form 8-K with the SEC within 60 days of such quarter end), together with an explanation of the factors the Conflicts Committee considered in determining that such excess expenses were justified. The Company will ensure that such
determination will be reflected in the minutes of the meetings of the Board. All figures used in the foregoing computation shall be determined in accordance with GAAP applied on a consistent basis. 

ARTICLE 10 
 VOTING AGREEMENT 

The Advisor agrees that, with respect to any Shares now or hereinafter owned by it, the Advisor will not vote or consent on
matters submitted to the stockholders of the Company regarding (i) the removal of the Advisor or any Affiliate of the Advisor, and (ii) any transaction between the Company and the Advisor or any of its Affiliates. This voting restriction
shall survive until such time that the Advisor is both no longer serving as such and is no longer an Affiliate of the Company. 
 ARTICLE 11

 RELATIONSHIP OF ADVISOR AND COMPANY; 

OTHER ACTIVITIES OF THE ADVISOR 

  
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 11.01    Relationship. The Company and the Advisor are
not partners or joint venturers with each other, and nothing in this Agreement shall be construed to make them such partners or joint venturers. Nothing herein contained shall prevent the Advisor from engaging in other activities, including, without
limitation, the rendering of advice to other Persons (including other REITs) and the management of other programs advised, sponsored or organized by the Advisor or its Affiliates. Nor shall this Agreement limit or restrict the right of any manager,
director, officer, employee or equityholder of the Advisor or its Affiliates to engage in any other business or to render services of any kind to any other Person. The Advisor may, with respect to any investment in which the Company is a
participant, also render advice and service to each and every other participant therein. The Advisor shall promptly disclose to the Board the existence of any condition or circumstance, existing or anticipated, of which it has knowledge, that
creates or could create a conflict of interest between the Advisor’s obligations to the Company and its obligations to or its interest in any other Person. 

11.02    Time Commitment. The Advisor shall, and shall cause its Affiliates and their respective
employees, officers and agents to, devote to the Company such time as shall be reasonably necessary to conduct the business and affairs of the Company in an appropriate manner consistent with the terms of this Agreement. The Company acknowledges
that the Advisor and its Affiliates and their respective employees, officers and agents may also engage in activities unrelated to the Company and may provide services to Persons other than the Company or any of its Affiliates. 

11.03    Investment Opportunities and Allocation. The Advisor shall be required to use commercially
reasonable efforts to present a continuing and suitable investment program to the Company that is consistent with the investment policies and objectives of the Company, but neither the Advisor nor any Affiliate of the Advisor shall be obligated
generally to present any particular investment opportunity to the Company even if the opportunity is of character that, if presented to the Company, could be taken by the Company. In the event an investment opportunity is located that may be
suitable for the Company and other programs advised by the Advisor or any of its Affiliates, including KBS Realty Advisors, the Advisor, in its sole discretion, will have to determine the program or investor for which the investment opportunity is
most suitable based on the investment objectives, portfolio and criteria of each program or investor. This determination must be made in a manner that is fair without favoring any other program or investor. The factors that the Advisor shall
consider when determining the program or investor for which an investment opportunity would be the most suitable are the following: 
  

	 	•	 	the investment objectives and criteria of each program or investor; 

	 	•	 	the cash requirements of each program or investor; 

	 	•	 	 the effect of the investment on the diversification of each program’s or investor’s portfolio by type of investment, risk of investment,
type of commercial property, geographic location of properties, and tenants of properties and, in the case of debt-related investments, the characteristics of the underlying property; 

	 	•	 	the policy of each program or investor relating to leverage; 

	 	•	 	the anticipated cash flow of the property or asset to be acquired; 

	 	•	 	the income tax effects of the purchase on each program or investor; 

	 	•	 	the size of the investment; and 

  
 23 

	 	•	 	 the amount of funds available to each program or investor and the length of time such funds have been available for investment.

 If a subsequent event or development, such as a delay in the closing of a property or investment or a
delay in the construction of a property, causes any investment, in the opinion of the Advisor, to be more appropriate for another program or investor, they may offer the investment to another program or investor. It shall be the duty of the Board to
ensure that the allocation method described above is applied fairly to the Company. 
 ARTICLE 12 

THE KBS NAME 
 The
Advisor and its Affiliates have a proprietary interest in the name “KBS.” The Advisor hereby grants to the Company a non-transferable, non-assignable, non-exclusive royalty-free right and license to use the name “KBS” during the
term of this Agreement. Accordingly, and in recognition of this right, if at any time the Company ceases to retain the Advisor or one of its Affiliates to perform advisory services for the Company, the Company will, promptly after receipt of written
request from the Advisor, cease to conduct business under or use the name “KBS” or any derivative thereof and the Company shall change its name and the names of any of its subsidiaries to a name that does not contain the name
“KBS” or any other word or words that might, in the reasonable discretion of the Advisor, be susceptible of indication of some form of relationship between the Company and the Advisor or any of its Affiliates. At such time, the Company
will also make any changes to any trademarks, servicemarks or other marks necessary to remove any references to the word “KBS.” Consistent with the foregoing, it is specifically recognized that the Advisor or one or more of its Affiliates
has in the past and may in the future organize, sponsor or otherwise permit to exist other investment vehicles (including vehicles for investment in real estate) and financial and service organizations having “KBS” as a part of their name,
all without the need for any consent (and without the right to object thereto) by the Company. 
 ARTICLE 13 

TERM AND TERMINATION OF THE AGREEMENT 

13.01    Term. This Agreement shall have an initial term of one year from the date hereof and may
be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. The Company (acting through the Conflicts Committee) will evaluate the performance of the Advisor annually before renewing this Agreement, and each
such renewal shall be for a term of no more than one year. Any such renewal must be approved by the Conflicts Committee. 

13.02    Termination by Either Party. This Agreement may be terminated upon 60 days written notice
without cause or penalty by either the Company (acting through the Conflicts Committee) or the Advisor. The provisions of Articles 1, 10, 12, 13, 15, 16 and 17 shall survive termination of this Agreement. 

13.03    Payments on Termination and Survival of Certain Rights and Obligations. Payments to the
Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable. 

  
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 (i)        After the
Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled to receive from the Company within 30 days after the effective date of such termination (A) all unpaid reimbursements of
expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement and (B) the Subordinated Performance Fee Due Upon Termination, provided that no Subordinated Performance Fee Due Upon Termination will be paid if
the Company has paid or is obligated to pay the Subordinated Incentive Fee. 

(ii)          The Advisor shall promptly upon termination:

 (a)          pay over to the Company all money
collected pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement for its expenses to which it is then entitled; 

(b)          deliver to the Board a full accounting,
including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; 

(c)          deliver to the Board all assets and documents
of the Company then in the custody of the Advisor; and 

(d)          cooperate with the Company to provide an
orderly transition of advisory functions. 

(iii)        Notwithstanding anything contained in this
Section 13.03 to the contrary, the obligations of the Company and the Advisor set forth in Article 17 of this Agreement shall survive the termination of this Agreement. 

ARTICLE 14 
 ASSIGNMENT 

This Agreement may be assigned by the Advisor to an Affiliate with the consent of the Conflicts Committee. The Advisor may
assign any rights to receive fees or other payments under this Agreement without obtaining the approval of the Board or the Conflicts Committee. This Agreement shall not be assigned by the Company without the consent of the Advisor, except in the
case of an assignment by the Company to a corporation or other organization that is a successor to all of the assets, rights and obligations of the Company, in which case such successor organization shall be bound hereunder and by the terms of said
assignment in the same manner as the Company is bound by this Agreement. 
 ARTICLE 15 

INDEMNIFICATION AND LIMITATION OF LIABILITY 

15.01    Indemnification. Except as prohibited by the restrictions provided in this Section 15.01,
Section 15.02 and Section 15.03, the Company shall indemnify, defend and hold harmless the Advisor and its Affiliates, including their respective officers, directors, equity holders, 

  
 25 

 
partners and employees, from all liability, claims, damages or losses arising in the performance of their duties hereunder, and related expenses, including reasonable attorneys’ fees, to the
extent such liability, claims, damages or losses and related expenses are not fully reimbursed by insurance. Any indemnification of the Advisor may be made only out of the net assets of the Company and not from Stockholders. 

Notwithstanding the foregoing, the Company shall not indemnify the Advisor or its Affiliates for any loss, liability or
expense arising from or out of an alleged violation of federal or state securities laws by such party unless one or more of the following conditions are met: (i) there has been a successful adjudication on the merits of each count involving alleged
material securities law violations as to the particular indemnitee; (ii) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee; or (iii) a court of competent jurisdiction
approves a settlement of the claims against a particular indemnitee and finds that indemnification of the settlement and the related costs should be made, and the court considering the request for indemnification has been advised of the position of
the SEC and of the published position of any state securities regulatory authority in which securities of the Company were offered or sold as to indemnification for violations of securities laws. 

15.02    Limitation on Indemnification. Notwithstanding the foregoing, the Company shall not
provide for indemnification of the Advisor or its Affiliates for any liability or loss suffered by any of them, nor shall any of them be held harmless for any loss or liability suffered by the Company, unless all of the following conditions are met:

 (i)         The Advisor or its Affiliates have determined,
in good faith, that the course of conduct that caused the loss or liability was in the best interests of the Company. 

(ii)        The Advisor or its Affiliates were acting on behalf of or
performing services for the Company. 
 (iii)       Such liability or
loss was not the result of negligence or misconduct by the Advisor or its Affiliates. 

15.03    Limitation on Payment of Expenses. The Company shall pay or reimburse reasonable legal
expenses and other costs incurred by the Advisor or its Affiliates in advance of the final disposition of a proceeding only if (in addition to the procedures required by the Maryland General Corporation Law, as amended from time to time) all of the
following are satisfied: (i) the proceeding relates to acts or omissions with respect to the performance of duties or services on behalf of the Company, (ii) the legal proceeding was initiated by a third party who is not a stockholder or, if by a
stockholder acting in his or her capacity as such, a court of competent jurisdiction approves such advancement and (iii) the Advisor or its Affiliates undertake to repay the amount paid or reimbursed by the Company, together with the applicable
legal rate of interest thereon, if it is ultimately determined that the particular indemnitee is not entitled to indemnification. 

  
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 ARTICLE 16 

MISCELLANEOUS 

16.01    Notices. Any notice, report or other communication required or permitted to be given
hereunder shall be in writing unless some other method of giving such notice, report or other communication is required by the Articles of Incorporation, the Bylaws or is accepted by the party to whom it is given, and shall be given by being
delivered by hand or by overnight mail or other overnight delivery service to the addresses set forth herein: 
 To the Company or the
Board: 
 KBS Growth & Income REIT, Inc. 

800 Newport Center Drive, Suite 700 

Newport Beach, California 92660 

To the Advisor: 
 KBS Capital
Advisors LLC 
 800 Newport Center Drive, Suite 700 

Newport Beach, California 92660 

Either party may at any time give notice in writing to the other party of a change in its address for the purposes of this
Section 16.01. 
 16.02    Modification. This Agreement shall not be changed, modified,
terminated or discharged, in whole or in part, except by an instrument in writing signed by both parties hereto, or their respective successors or permitted assigns. 

16.03    Severability. The provisions of this Agreement are independent of and severable from each
other, and no provision shall be affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable in whole or in part. 

16.04    Construction. The provisions of this Agreement shall be construed and interpreted in
accordance with the laws of the State of Delaware. 
 16.05    Entire Agreement. This Agreement
contains the entire agreement and understanding between the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or
written, of any nature whatsoever with respect to the subject matter hereof. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof. This Agreement may not be
modified or amended other than by an agreement in writing. 
 16.06    Waiver. Neither the
failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any
other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any 

  
 27 

 
waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver
shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver. 

16.07    Gender. Words used herein regardless of the number and gender specifically used, shall be
deemed and construed to include any other number, singular or plural, and any other gender, masculine, feminine or neuter, as the context requires. 

16.08    Titles Not to Affect Interpretation. The titles of Articles and Sections contained in this
Agreement are for convenience only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation hereof. 

16.09    Counterparts. This Agreement may be executed in any number of counterparts, each of which
shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or
taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. 
 ARTICLE 17 

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 May 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 in its 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.” 

  
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 [The remainder of this page is intentionally left blank. 

Signature page follows.] 

  
 29 

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

							
	 KBS GROWTH & INCOME REIT, INC.

		
	 By:
	 	                                    
                            
		 	     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:	 	                                      
                  
		 		 		 	     Peter M. Bren, Manager

		
	 By:
	 	 Schreiber Real Estate Investments, L.P., a Manager

			
		 	     By:
	 	 Schreiber Investments, LLC, as general partner

				
		 		 	    By:	 	                                      
                
		 		 		 	     Charles J. Schreiber, Jr., Manager

  
 30

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