Assignment and Transfer of Limited Partnership Interest – Village Lake Apartments Limited Partnership and Kempt Corporation
Kempt Corporation, a Delaware corporation, is transferring its one percent limited partnership interest in Village Lake Apartments Limited Partnership, a Maryland limited partnership, to the Partnership itself. Kempt Corporation is also withdrawing from the Partnership. The General Partner, Interstate Business Corporation, acknowledges and accepts this transfer and withdrawal, and redeems all of Kempt Corporation’s interests. The agreement is effective as of November 18, 2002.
Exhibit 2.4
Village Lake Apartments
St. Charles (Waldorf), Maryland
FHA Project No. 052-35481
ASSIGNMENT AND TRANSFER OF LIMITED PARTNERSHIP INTEREST
WITH ACCEPTANCE, ACKNOWLEDGEMENT AND CONSENT
FOR VALUE RECEIVED,
the undersigned ("Transferor") hereby sells, assigns, transfers, sets over, delivers and forever and unconditionally relinquishes unto VILLAGE LAKE APARTMENTS LIMITED PARTNERSHIP, a Maryland limited partnership (the "Partnership"), all of Transferor's right, title, and interest in and to the Partnership, constituting a one percent (1%) limited partnership interest in the Partnership, and hereby withdraws from the Partnership.| Dated: November 18, 2002 Address: 222 Smallwood Village Center St. Charles, Maryland 20602 | Transferor: KEMPT CORPORATION, a Delaware corporation By: /s/ J. Michael Wilson Print: J. Michael Wilson Title: Vice President |
The undersigned, as General Partner of the Partnership, in accordance with applicable provisions of the Partnership Agreement, on behalf of the Partnership and its Partners, hereby acknowledges and accepts the foregoing Assignment and Transfer of Limited Partnership Interest, and the withdrawal by the Transferor from the Partnership, and hereby redeems all interests of the Transferor in the Partnership.
| Dated: November 18, 2002 Address: 222 Smallwood Village Center St. Charles, Maryland 20602 | General Partner: INTERSTATE BUSINESS CORPORATION, a Delaware corporation By: /s/ J. Michael Wilson Print: J. Michael Wilson Title: Vice President |
