EXCLUSIVE BROKERAGE AGREEMENT
This Agreement is made and entered into on this 20th day of August, 1995 by and between Street Retail, Inc., a
Maryland corporation ("Client"), and Westport Advisors Corporation and Jack Alan Guttman (collectively,
In consideration of the mutual covenants set forth in this Agreement, the parties agree as follows:
1. This Agreement replaces the Exclusive Brokerage Agreement by and between Client and Broker dated
February 6, 1995 ("Prior Agreement") in its entirety. As of August 21, 1995, the Prior Agreement is terminated
and its terms and provisions, including Section 5, but excluding Section 6, thereof, are null and void.
2. Client hereby appoints Broker as its exclusive real estate broker for the purchase of urban retail buildings (i.e.
not traditional "strip" shopping centers or shopping malls) located in Connecticut and Westchester County, New
York (the "Metro Area"). As its exclusive real estate broker for the purchase of urban retail buildings in the
Metro Area, Broker shall not identify, locate, or assist with the purchase or sale of any urban retail buildings with
any other person, client or entity other than Client. Broker shall perform the duties of a real estate broker;
specifically, Broker shall conduct searches for properties which fit the criteria established by Client and assist
Client with all aspects of the due diligence process in order to enable Client to evaluate the desirability and
feasibility of acquiring such properties or any interest therein; such assistance shall include collecting and providing
Client with market information such as demographics, information on competing properties, comparable rentals
and sales and assistance in the appraisal and underwriting of the properties.
3. Broker represents and warrants that:
a) Broker will act in accordance with the highest professional standards of the industry and in compliance with all
applicable laws, regulations, codes, ordinances and orders.
b) There are