0000950138-06-000269 Sample Contracts

WELLSFORD REAL PROPERTIES, INC New York, New York 10022
Letter Agreement • March 24th, 2006 • Wellsford Real Properties Inc • Real estate investment trusts • New York

This letter agreement (this “Amendment”) confirms our agreement to amend the terms of your Employment Agreement with Wellsford Real Properties, Inc. (the “Company”) in accordance with the provisions set forth below. Capitalized terms not defined in this Amendment shall have meanings ascribed to them in the Employment Agreement.

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WELLSFORD REAL PROPERTIES, INC. New York, New York 10022 As of March 21, 2006
Letter Agreement • March 24th, 2006 • Wellsford Real Properties Inc • Real estate investment trusts • New York

We are pleased to confirm the terms and conditions of your continued employment with Wellsford Real Properties, Inc. (the “Company”). This letter agreement (this “Agreement”) sets forth our understanding regarding your employment.

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