SEC Contract Filing

Filing Date: 2018-06-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex-10d1.htm
<DESCRIPTION>EX-10.1
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">Exhibit&nbsp;10.1</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">AMENDMENT NO.&nbsp;1 TO</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">SEVENTH AMENDED AND RESTATED ADVISORY AGREEMENT</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">This Amendment No.&nbsp;1 to the Seventh Amended and Restated Advisory Agreement is dated June&nbsp;21, 2018, between Sterling Real Estate Trust d/b/a Sterling Multifamily Trust, an unincorporated North Dakota business Trust (the &#x201C;Company&#x201D;) Sterling Properties, LLLP, d/b/a Sterling Multifamily Properties, LLLP, a North Dakota limited liability limited partnership (&#x201C;Operating Partnership&#x201D;) and </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Sterling Management, LLC, </font><font style="display:inline;font-family:Times New Roman,Times,serif;">a North Dakota limited liability company (the &#x201C;Advisor&#x201D;).</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">WHERAS, on March&nbsp;29, 2018, the Board of Trustees adopted the Seventh Amended and Restated Advisory Agreement (the &#x201C;Advisory Agreement&#x201D;) with an effective date of January&nbsp;1, 2018 and a term not to exceed one&nbsp;year.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">WHEREAS, the Board of Trustees expressed their desire to have the Advisory Agreement run for a one-year term beginning in March, when the Advisor Performance Report is completed and reviewed, instead of dating the Advisory Agreement retroactively to a prior date.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">WHEREAS, the Board of Trustees recommended extending the term of the Seventh Amended and Restated Advisory Agreement to run through March&nbsp;31, 2019. Any future Agreements will run for one&nbsp;year beginning April&nbsp;1 of the then current&nbsp;year.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">NOW THEREFORE, the Seventh Amended and Restated Advisory Agreement is hereby amended to extend the term of the Agreement to March&nbsp;31, 2019.</font>
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 <font style="display:inline;font-size:9pt;">Adopted by the Board of Trustees</font>

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 <font style="display:inline;font-size:9pt;">June 21, 2018</font>

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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">IN WITNESS WHEREOF</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, the parties here