ASSIGNMENT AND ASSUMPTION OF LEASE
This Assignment and Assumption of Lease is made as of the 1 st day of September, 2000 by and between
Interstate General Company LP, (hereinafter referred to as "Assignor") and American Rental Management
Company (hereinafter referred to as "Assignees").
WHEREAS, Assignor currently occupies the referenced property as tenant pursuant to certain leases dated May
21, 1981, June 15, 1981 and December 1, 1987 as modified and extended, between Smallwood Village
Associates as Landlord ("Landlord") and Interstate General Company LP as (Tenant), copies of said document
are attached hereto as Exhibit A (hereinafter referred to as "Lease"); and
WHEREAS, Assignor desires to assign to Assignee all of its right, title and interest in and to the lease and
Assignee desires to assume all of Assignor's obligations and duties pursuant to the Lease.
NOW THEREFORE, in consideration of the foregoing and of other good and valuable consideration the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Assignor hereby sells, assigns and transfers to Assignee all of the right, title and interest in, to and
under the Lease, and all of its rights therein and appurtenant thereto.
2. Assignee hereby accepts the foregoing assignment and transfer and specifically assumes and agrees
to pay, perform and observe each and every covenant, agreement and condition to be paid,
performed and observed by Assignor from and after the date hereof pursuant to the Lease.
3. The assignment of this Lease is expressly contingent upon obtaining the written consent of the
4. Assignor shall indemnify and hold the Assignee harmless from and against all claims, demands,
actions and causes of action arising out of matters or events occurring prior to the date hereof
relating to the lease. Assignee shall indemnify Assignor and hold Assignor harmless from and against
all claims, demands, action and causes of action arising out of matt