0000807364-01-500017 Sample Contracts

SALES CONTRACT
Sales Contract • August 13th, 2001 • Interstate General Co L P • Land subdividers & developers (no cemeteries) • Maryland

THIS CONTRACT, made as of this 29th day of June, 2001, by and between Interstate General Company, L.P. ("Seller") and Interstate Business Corporation, Inc. or assigns ("Purchaser").

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NON-RECOURSE ASSIGNMENT OF CASH FLOW NOTE
Flow Note • August 13th, 2001 • Interstate General Co L P • Land subdividers & developers (no cemeteries)

THIS NON-RECOURSE ASSIGNMENT OF CASH FLOW NOTE ("Assignment") dated as of May 15, 2001, by and between INTERSTATE GENERAL COMPANY, L.P., a Delaware limited partnership (the "Assignor") and INTERSTATE BUSINESS CORPORATION, a Delaware corporation (the "Assignee").

FIRST ADDENDUM TO SALES CONTRACT
Sales Contract • August 13th, 2001 • Interstate General Co L P • Land subdividers & developers (no cemeteries)

THIS ADDENDUM, made as of this 2nd day of August 2001 by and between Interstate General Company, L.P. ("Seller") and Interstate Business Corporation, Inc. ("Purchaser"), and hereby modifies the Sales Contract dated June 29th between the aforementioned parties.

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