0001065645-08-000006 Sample Contracts

DEVELOPMENT AGREEMENT
Development Agreement • January 4th, 2008 • 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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SECOND AMENDMENT TO PURCHASE AGREEMENT AND TO DEVELOPMENT AGREEMENT
Purchase Agreement • January 4th, 2008 • American Community Properties Trust • Land subdividers & developers (no cemeteries)
PURCHASE AGREEMENT FAIRWAY VILLAGE, ST. CHARLES
Purchase Agreement • January 4th, 2008 • American Community Properties Trust • Land subdividers & developers (no cemeteries) • Maryland

THIS AGREEMENT, made this 4th day of March, 2004, by and between ST. CHARLES COMMUNITY, LLC, a Delaware limited liability company (hereinafter referred to as “Seller”) and U.S. HOME CORPORATION, a Delaware corporation (hereinafter referred to a “U.S. HOME” or “Purchaser”).

FIRST AMENDMENT TO PURCHASE AGREEMENT
Purchase Agreement • January 4th, 2008 • American Community Properties Trust • Land subdividers & developers (no cemeteries)

THIS FIRST AMENDMENT TO PURCHASE AGREEMENT (the “First Amendment”) is made by and between ST. CHARLES COMMUNITY, LLC, a Delaware limited liability company (hereinafter referred to as “Seller”) and U.S. HOME CORPORATION, a Delaware corporation (hereinafter referred to as “Purchaser”), this 20th day of June, 2006.

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