FORM OF LETTER AGREEMENT FOR APOLLO REAL ESTATE ADVISORS APOLLO REAL ESTATE ADVISORS L.P.

 

 

                [●], 2007

 

Mr. Richard A. Baker

Chief Executive Officer

NRDC Acquisition Corp.

3 Manhattanville Road

Purchase, NY  10577

 

Dear Mr. Baker:

 

We hereby confirm our agreement with you that, as part of his on-going professional responsibilities and employment, and with no additional consideration offered or received, Mr. Brian M. Earle, a partner of Apollo Real Estate Advisors L.P., has been directed to provide certain services to NRDC Acquisition Corp. (the “Company”) related to and in connection with the Company’s consummation of its initial business combination, substantially on the terms set forth in the Company’s registration statement on Form S-1 (File No. B33-14487).  It is agreed that Mr. Earle will undertake such tasks and responsibilities upon oral or written request to him by an officer or director of the Company.

 

 

Very truly yours,

 

By:__________________________________________

Name:

Title:

                

                

                

 

ACKNOWLEDGED AND AGREED:

NRDC ACQUISITION CORP.

By:______________________________

Richard A. Baker

       Chief Executive Officer