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Exhibit 10(h)
LEASE AMENDMENT III
THIS LEASE AMENDMENT (the "Amendment") is made as of the 30th day of
September, 1994 by and between Xxxxxxxxx Village Associates ("Landlord") and
Interstate General Company L.P. ("Tenant").
WITNESSETH:
WHEREAS, Landlord and Tenant entered into a lease for certain commercial
space in Xxxxxxxxx Xxxxxxx Xxxxxxxx Xxxxxx, Xx. Xxxxxxx, Xxxxxxxx dated
December 1, 1987 (the "Lease"); and
WHEREAS, Lease was amended by Lease Amendment dated February 1, 1989, and
WHEREAS, Lease was further amended by Lease Amendment II dated December 1,
1992, and
WHEREAS, Tenant wishes to further amend the Lease by expanding the square
footage of the premises and renting Space C-12.
NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements contained herein, the parties agree as follows:
1. In Article 1 of Lease, the number "3,509" square feet which was
amended to read "4,734" square feet is now further amended to read
"6,120" square feet.
2. Space C-12 (Exhibit attached) is hereby added to Lease at $9.45 per
square foot bringing new minimum rental amount to $4,819.18 per month
beginning November 1, 1994.
3. The Common Area maintenance amount shall be $103.95 per month.
4. 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: By: /s/ Xxxxx Xxxxxxx Xxxxxx
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/s/ Xxxxx Xxxxx Xxxxxxxxx Village Associates
----------------------------- Interstate Business Corporation
General Partner
/s/ Xxxxx Xxxxx By: /s/ Xxxx 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 10-20-94. Personally well known (or
satisfactorily proven) to me to be the 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 purpose contained
herein.
WITNESS my hand and official seal this 20th day of October, 1994.
/s/ Xxxxx Xxxxx Xxxxx My Commission Expires 8/22/97
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Notary Public
