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Exhibit 10(i)
LEASE AMENDMENT IV
THIS LEASE AMENDMENT (the "Amendment") is made as of the 5th day of
September, 1995 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, Tenant requests two additional options to renew for five (5)
years each; and
WHEREAS, Lease was amended by Lease Amendment II dated December 1, 1992,
and
WHEREAS, Lease was further amended by Lease Amendment III dated September
30, 1994, and
WHEREAS, Tenant wishes to extend lease to August 31, 2005.
NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements contained herein, the parties agree as follows:
1. The following shall be added to Paragraph 39 of the lease agreement:
"Landlord agrees that at Tenant's request, and so long as Tenant is
not in default under this Lease, Landlord shall assist Tenant in
attempting to locate subtenants for portion of the Demised Premises."
2. Landlord hereby extends Lease Agreement through August 31, 2005.
3. Landlord hereby provides Tenant with two additional options to renew
for five (5) years each commencing September 1, 2005.
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.
WITNESS: By: /s/ Xxxxx Xxxxxxx Xxxxxx
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/s/ Xxxx Xxxxxx Xxxxxxxxx Village Associates
----------------------------- Interstate Business Corporation
General Partner
/s/ Xxxx Xxxxxx By: /s/ Xxxx X. Xxxx
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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 Xxxxx Xxxxxxx Xxxxxx. Personally well known 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 6th day of September, 1995.
/s/ Xxxxxx Xxxxx My Commission Expires 2/2/97
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Notary Public
