0001065645-04-000006 Sample Contracts

DEVELOPMENT AGREEMENT
Development Agreement • March 30th, 2004 • American Community Properties Trust • Land subdividers & developers (no cemeteries) • Maryland

THIS DEVELOPMENT AGREEMENT (this "Agreement") is made this 4th day of March, 2004 (the "Effective Date"), by and between ST. CHARLES COMMUNITY, LLC, a Maryland limited liability company (the "Developer") and U.S. HOME CORPORATION, a Delaware corporation (the "Builder").

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EMPLOYMENT AGREEMENT
Employment Agreement • March 30th, 2004 • American Community Properties Trust • Land subdividers & developers (no cemeteries) • Maryland

THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into as of November 10, 2003, by and between American Rental Management Company, a Delaware corporation (the "Company") and Paul A. Resnik (the "Executive"), a resident of Maryland.

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