AMENDMENT NO. 1 TO EXCLUSIVITY SERVICES AGREEMENT

Exclusivity No Shop Agreement

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Title: AMENDMENT NO. 1 TO EXCLUSIVITY SERVICES AGREEMENT
Date: 11/10/2005
Industry: REOPER Sector: SERVIC

AMENDMENT NO

AMENDMENT NO. 1 TO

EXCLUSIVITY SERVICES AGREEMENT

AMENDMENT NO. 1 TO EXCLUSIVITY SERVICES AGREEMENT, dated as of

October 27, 2005 (this "Amendment"), between FIRST UNION REAL ESTATE EQUITY AND

MORTGAGE INVESTMENTS, an Ohio business trust (the "Company") and MICHAEL L.

ASHNER ("Ashner"), an individual.