SECOND AMENDMENT TO MANAGEMENT AGREEMENT
Exhibit 10.4
SECOND AMENDMENT TO MANAGEMENT AGREEMENT
This amendment entered into as of December 28, 1990 by and between INTERSTATE GENERAL PROPERTIES LIMITED PARTNERSHIP S.E. hereinafter referred to as the "Management Agent", INTERSTATE BUSINESS CORPORATION hereinafter referred to as "IBC", and SANTA XXXXX ASSOCIATES S.E.
WITNESSETH
WHEREAS, Interstate St. Xxxxxxx, Inc. and the Management Agent entered into a Management Agreement as of January 5, 1987 with respect to the property known as SANTA XXXXX SHOPPING CENTER.
WHEREAS, on June 29, 0000 Xxxxxxxxxx Xx. Xxxxxxx, Inc. changed its name to Interstate Business Corporation.
WHEREAS, on February 16, 1990 the Management Agent changed its name to INTERSTATE GENERAL PROPERTIES LIMITED PARTNERSHIP S.E.
WHEREAS, on December 28, 1990 IBC transferred to Santa Xxxxx Associates S.E. (a partnership created under the laws of the Commonwealth of Puerto Rico) title to the properties known as Santa Xxxxx Shopping Center.
WHEREAS, the Management Agent, Santa Xxxxx Associates S.E. and IBC desires to further amend the Management Agreement as follows:
First: In accordance with Clause 8, effective December 28, 1990, IBC assigns to Santa Xxxxx Associates S.E. the Management Agreement dated January 5, 1987, as amended on January 4, 1988.
Second: As of December 28, 1990 Santa Xxxxx Associates S.E. became the owner of the properties known as Santa Xxxxx Shopping Center.
Third: Except as modified herein, Management Agent and Santa Xxxxx Associates S.E. certify and confirm that all the terms and covenants of the Management Agreement, as amended, shall remain in full force and affect and the agreement and its amendments shall be construed and read as one instrument.
IN WITNESS WHEREOF, the parties hereto have signed this Amendment to Management Agreement as of the day, month and year first above written.
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INTERSTATE GENERAL PROPERTIES |
SANTA XXXXX ASSOCIATES S.E. |
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LIMITED PARTNERSHIP S.E. |
BY INTERSTATE GENERAL PROPERTIES |
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LIMITED PARTNERSHIP S.E. |
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MANAGING PARTNER |
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/s/ Xxxxxxxxx Xxxxxx |
/s/ Xxx Xxxx Xxxx |
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XXXXXXXXX XXXXXX |
XXX XXXX XXXX |
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SENIOR VICE PRESIDENT |
VICE PRESIDENT |
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INTERSTATE BUSINESS CORPORATION |
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/s/ Xxxxxxx Xxxx Xxxxxx |
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XXXXXXX XXXX-XXXXXX |
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ASSISTANT TREASURER |
