Exhibit 10.16

AMENDMENT NO. 1

TO THE

AMENDED AND RESTATED ADVISORY AGREEMENT

This amendment no. 1 to the Amended and Restated Advisory Agreement dated as of August 11, 2015 (the “Advisory Agreement”), between KBS Growth & Income REIT, Inc., a Maryland corporation (the “Company”), and KBS Capital Advisors LLC, a Delaware limited liability company (the “Advisor”), is entered into as of September 14, 2015 (the “Amendment”). Capitalized terms used herein but not defined shall have the meaning set forth in the Advisory Agreement.

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

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the parties hereto agree to amend the Advisory Agreement as follows:

I.          The following is hereby inserted in its entirety as Article 16:

“ARTICLE 16

ADVANCE

Notwithstanding anything contained in Article 9 of the Agreement to the contrary, the Advisor hereby agrees to advance funds (the “Advance”) to the Company equal to the cumulative amount of cash distributions declared by the Company for distribution record dates through the period ending October 31, 2015.

The Advisor further agrees that the Company will only be obligated to repay the Advisor for the Advance if and to the extent that:

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

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

1

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

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

II.         Article 1 is hereby amended to include the following definitions:

““Advance” shall have the meaning set forth in Article 16.”

““Excess Proceeds” shall have the meaning set forth in Article 16.”

““MFFO” shall have the meaning set forth in Article 16.”

““MFFO Surplus” shall have the meaning set forth in Article 16.”

III.       Section 12.02 is hereby amended and restated in its entirety as follows:

“This Agreement may be terminated upon 60 days written notice without cause or penalty by either the Company or the Advisor. The provisions of Articles 1, 11, 12, 14, 15 and 16 shall survive termination of this Agreement.”

IV.       The following is hereby inserted in its entirety into Section 12.03, immediately following Section 12.03(ii)(d):

“(iii)    Notwithstanding anything contained in this Section 12.03 to the contrary, the obligations of the Company and the Advisor set forth in Article 16 of this Agreement shall survive the termination of this Agreement.”

Signature page follows.

2

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

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

3