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Exhibit 10(c)
LEASE AMENDMENT
THIS LEASE AMENDMENT (the "Amendment") is made as of the 1st day of
October, 1991 by and between Xxxxxxxxx Village Associates ("Landlord") and
Interstate General Corporation, now Interstate General Company LP ("Tenant").
WITNESSETH:
WHEREAS, Landlord and Tenant entered into a lease for certain commercial
space in Xxxxxxxxx Xxxxxxx Xxxxxxxx Xxxxxx, Xx. Xxxxxxx, Xxxxxxxx dated June
15, 1981 (the "Lease"); and
WHEREAS, Landlord and Tenant wish to amend the Lease to exercise Option to
Extend lease for five (5) years instead of ten (10) years as shown in Option to
renew.
NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements contained herein, the parties agree as follows:
1. Landlord agrees to exercise Option to Extend for five (5) years
beginning October 1, 1991 and terminating September 30, 1996.
2. Landlord agrees to allow Tenant to Renew lease for five (5) years
instead of ten (10) years and grants Tenant an additional five (5)
year Option to Extend.
3. Except as specifically modified by this Amendment, the terms and
provisions of the Lease will continue in full force and effect.
IN WITNESS WHEREOF, the undersigned have duly executed this Amendment, or
caused this Amendment to be executed by their duly authorized representatives:
ATTEST:
/s/ Xxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxxxx Village Associates
Interstate Business Corp.
General Partner
/s/ Xxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxxx
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TENANT - Interstate General Company L.P.
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State of Maryland
SS:
County of Xxxxxxx
Before me, a Notary Public in and for the jurisdiction aforesaid,
personally appeared this date 10-1-91. Personally well known (or
satisfactorily proven) to me to be the Senior Vice President of Interstate
Business Corporation a Delaware corporation, who being by me first duly sworn,
did acknowledge that he/she, as the duly authorized officer of said
Corporation, executed the foregoing and annexed instrument, in the name and on
behalf of the Corporation, as its free act and deed for the uses and purposes
contained herein.
WITNESS my hand and official seal this 1st day of October, 1991.
/s/ Xxxxx Xxxxx Xxxxx My Commission Expires 8/22/93
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Notary Public
