HILCOAST ADVISORY SERVICES, INC. 19146 Lyons Road, Boca Raton, FL 33434 (561) 487-9630 FAX (561) 487-4659 July 12, 1996 Mr. Alvin Wilensky, Chairman of the Board CV Reit, Inc. 100 Century Blvd. West Palm Beach, FL 33417 RE: Consulting and Advisory...

HILCOAST ADVISORY SERVICES, INC.
                                                                  
00000 Xxxxx Xxxx, Xxxx Xxxxx, XX  00000
(000) 000-0000       FAX (000) 000-0000  





                                             July 12, 1996


     Xx. Xxxxx Xxxxxxxx, 
     Chairman of the Board
     CV Reit, Inc.
     000 Xxxxxxx Xxxx.
     Xxxx Xxxx Xxxxx, XX 00000

          RE:  Consulting and Advisory Agreement
               ("Advisory Agreement"), dated
               July 31, 1992

     Dear Xx. Xxxxxxxx,

          This letter confirms that the above-referenced
     Advisory Agreement between CV Reit, Inc. and Hilcoast
     Advisory Services, Inc. is hereby extended through July
     31, 1997 under the same terms and conditions set forth
     in the Advisory Agreement.

                              Very truly yours,

                               /s/ Xxxx Xxxxxx

                              Xxxx Xxxxxx
                              Executive Vice President




     Agreement Acknowledged:

     CV REIT, Inc.


     By:  /s/ Xxxxx Xxxxxxxx
       ______________________________________
        Xxxxx Xxxxxxxx, Chairman of the Board

     Dated:  August 8, 1996
           __________________________________