Exhibit 5.7
April 17, 1998
VIA HAND DELIVERY
The Village Shopping Center,
A Limited Partnership
0000 X. Xxxx Xxxxxx
Xxxxxxxxx 0000
Xxxxxxxx, Xxxxxxxx 00000
Attention: Xxxxxx X. Xxxxx
Re: Xxx Xxxxxxx Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxx
Dear Xx. Xxxxx:
The purpose of this letter is to evidence and memorialize an amendment
to that certain Contribution Agreement dated March 24, 1998 ("Contribution
Agreement") by and between The Village Shopping Center, A Limited Partnership
("Contributor") and First Washington Realty Limited Partnership ("FWRLP"). By
executing this letter in the spaces provided below, Contributor and FWRLP each
hereby agree as follows:
1. Section 2(a)(iii) of the Contribution Agreement is deleted in its
entirety and replaced with the following:
"(iii) Issue the Contributor the greater of (A) three hundred sixty
thousand one hundred thirty-two (360,132) common partnership units of FWRLP (the
"Units"), or (B) an aggregate number of Units (rounded to the nearest one (1))
equal to $9,471,464.00 divided by the Unit Price (as defined below)."
2. Except as expressly modified by this letter, the Contribution
Agreement shall continue in full force and effect in accordance with its
original terms.
Please execute both originals of this letter on behalf of Contributor
in the space provided below, retain one (1) fully executed original for your
records and return one (1) fully executed original to Xxxxxxx X. Xxxxxxxxxx,
Esquire at the address set forth above via hand delivery today so as to evidence
and memorialize Contributor's agreement to the foregoing.
FWRLP:
FIRST WASHINGTON REALTY
LIMITED PARTNERSHIP
By: First Washington Realty Trust, Inc.,
WITNESS: Its general partner
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
President
Date of execution: April 17 , 1998
The Village Shopping Center,
A Limited Partnership
April 17, 1998
Page 2
CONTRIBUTOR:
WITNESS: THE VILLAGE SHOPPING CENTER, A LIMITED
PARTNERSHIP
/s/ Xxxxxxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
General Partner
Date of execution: April 17 , 1998
