EX-10.4






Exhibit 10.4




INTELLECTUAL PROPERTY SECURITY AGREEMENT




     This Intellectual Property Security Agreement (the “Agreement”), dated as of December
3, 2008 is made by each of the pledgors signatory hereto (together with any other entity that may
become a party hereto as provided herein, each a “Pledgor” and collectively, the
“Pledgors”), in favor of Wilmington Trust Company, as Collateral Agent (in such capacity,
the “Junior Agent”) for the benefit of itself, the Junior Trustee (as defined below) and
the Junior Noteholders (as defined below).



     WHEREAS, pursuant to the Seventh Amended and Restated Credit Agreement, dated as of March 7,
2008, as amended by Amendment No. 1 to Seventh Amended and Restated Credit Agreement dated as of
May 16, 2008 (as further amended, restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”) among K. Hovnanian Enterprises, Inc., a California corporation (the
“Issuer”), Hovnanian Enterprises, Inc., a Delaware corporation (“Hovnanian”), the
Lenders now or hereafter party thereto (the “Lenders”), and PNC Bank National Association,
as administrative agent (the “Administrative Agent”), the Lenders have provided certain
loans and other financial accommodations to the Issuer;



     WHEREAS, the Issuer, Hovnanian and each of the other Guarantors (as defined in the Senior Note
Indenture) entered into the Indenture, dated as of May 27, 2008 (as amended, supplemented, amended
and restated or otherwise modified from time to time, the “Senior Note Indenture”) with
Wilmington Trust Company (as successor to Deutsche Bank National Trust Company) as trustee (in such
capacity, together with its successors and assigns, the “Senior Trustee”), pursuant to
which the Issuer issued its 11 1/2 % Senior Secured Notes due 2013;



     WHEREAS, the Issuer, Hovnanian and each of the other Guarantors (as defined in the Junior Note
Indenture) have entered into the Indenture, dated as of December 3, 2008 (as amended, supplemented,
amended and restated or otherwise modified from time to time, the “Junior Note Indenture”)
with Wilmington Trust Company as trustee (in such capacity, the “Junior Trustee”) pursuant
to which the Issuer issued its 18.0% Senior Secured Notes due 2017 (collectively, the “Junior
Notes”);



     WHEREAS, the Issuer, Hovnanian, certain subsidiaries of Hovnanian party thereto, PNC Bank,
National Association, as Senior Credit Agent and First-Lien Administrative Agent, the Senior
Trustee, the Senior Noteholder Collateral Agent, the Junior Trustee, the Junior Agent and
Wilmington Trust Company, as Mortgage Tax Collateral Agent have entered into the Intercreditor
Agreement, dated as of December 3, 2008 (as amended, supplemented, amended or restated or otherwise
modified from time to time, the “Intercreditor Agreement”);



     WHEREAS, the Issuer is a member of an affiliated group of companies that includes Hovnanian,
the Issuer’s parent company, and each other Pledgor;



     WHEREAS, the Issuer and the other Pledgors are engaged in related businesses, and each Pledgor
will derive substantial direct and indirect benefit from the issuance of the Junior Notes;



     WHEREAS, pursuant to and under the Junior Note Indenture and the Third Lien Security Agreement
dated as of December 3, 2008 (the “Junior Noteholder Security Agreement”) among the parties
hereto, the Issuer and the other Pledgors have agreed to enter into this agreement in order to
grant
a security interest to the Junior Agent in certain patents, trademarks, copyrights and other
property as security for such loans and other obligations as more fully described herein.



 









 





     NOW, THEREFORE, intending to be legally bound hereby, the parties hereto agree as follows:



     1. Defined Terms.



          (a) Except as otherwise expressly provided herein, (i) capitalized terms used in this
Agreement shall have the respective meanings assigned to them in the Junior Noteholder Security
Agreement and (ii) the rules of construction set forth in Section 1.02 of the Junior Note Indenture
shall apply to this Agreement. Where applicable and except as otherwise expressly provided herein,
in the Junior Note Indenture or the Intercreditor Agreement, terms used herein (whether or not
capitalized) shall have the respective meanings assigned to them in the Uniform Commercial Code as
enacted in New York as amended from time to time (the “Code”).




          (b) “Copyright Licenses” shall mean any written agreement naming any Pledgor as
licensor or licensee, granting any right under any Copyright, including, without limitation, the
grant of rights to distribute, exploit and sell materials derived from any Copyright, including,
without limitation, any of the foregoing referred to in Schedule A.




          (c) “Copyrights” shall mean (i) all copyrights arising under the laws of the United
States, any other country or any political subdivision thereof, whether registered or unregistered
and whether published or unpublished, all registrations and recordings thereof, and all
applications in connection therewith, including, without limitation, all registrations, recordings
and applications in the United States Copyright Office referred to in Schedule A, and (ii)
the right to obtain all renewals thereof.




          (d) “Intellectual Property” shall mean the collective reference to all rights,
priorities and privileges, whether arising under United States, multinational or foreign laws, in,
to and under the Copyrights, the Copyright Licenses, the Patents, the Patent Licenses, the
Trademarks and the Trademark Licenses, and all rights to sue at law or in equity for any
infringement or other impairment thereof, including the right to receive all proceeds and damages
therefrom.




          (e) “Junior Noteholder” means the “Holder” or “Holder of Notes” as defined in the
Junior Note Indenture.




          (f) “Patent License” shall mean all written agreements providing for the grant by or
to any Pledgor of any right to manufacture, use or sell any invention covered in whole or in part
by a Patent, including, without limitation, any of the foregoing referred to in Schedule A.




          (g) “Patents” shall mean (i) all letters patent of the United States, any other
country or any political subdivision thereof, all reissues and extensions thereof, including,
without limitation, any of the foregoing referred to in Schedule A, (ii) all applications
for letters patent of the United States or any other country and all divisions, continuations and
continuations-in-part thereof, including, without limitation, any of the foregoing referred to in
Schedule A, and (iii) all rights to obtain any reissues or extensions of the foregoing.




          (h) “Trademarks” shall mean (i) all trademarks, trade names, corporate names, company
names, business names, fictitious business names, trade styles, service marks, logos and other
source or business identifiers, and all goodwill associated therewith, now owned or hereafter
acquired, all registrations and recordings thereof, and all applications in connection therewith,
whether in the United States Patent and Trademark Office or in any similar office or agency of the
United States, any State
thereof or any other country or any political subdivision thereof, and all common-law rights related




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thereto, including, without limitation, any of the foregoing referred to in Schedule
A, and (ii) the right to obtain all renewals thereof.




          (i) “Trademark License” shall mean any written agreement providing for the grant by or
to any Pledgor of any right to use any Trademark, including, without limitation, any of the
foregoing referred to in Schedule A.




     2. To secure the full payment and performance of all Secured Obligations, each Pledgor hereby
grants, and conveys a security interest to Junior Agent in the entire right, title and interest of
such Pledgor in and to all of its Intellectual Property; provided, however, that notwithstanding
any of the other provisions set forth in this Section 2 (and notwithstanding any recording of the
Junior Agent’s Lien made in the U.S. Patent and Trademark Office, U.S. Copyright Office, or other
registry office in any other jurisdiction), this Agreement shall not constitute a grant of a
security interest in any property to the extent that such grant of a security interest is
prohibited by any applicable Law of an Official Body, requires a consent not obtained of any
Official Body pursuant to such Law or is prohibited by, or constitutes a breach or default under or
results in the termination of or gives rise to any right of acceleration, modification or
cancellation or requires any consent not obtained under, any contract, license, agreement,
instrument or other document evidencing or giving rise to such property, except to the extent that
such Law or the term in such contract, license, agreement, instrument or other document or similar
agreement providing for such prohibition, breach, default or termination or requiring such consent
is ineffective under applicable Law including 9-406, 9-407, 9-408 or 9-409 of the New York UCC (or
any successor provision or provisions); provided, further, that no security interest shall be
granted in any United States “intent-to-use” trademark or service mark application unless and until
acceptable evidence of use of the trademark or service mark has been filed with and accepted by the
U.S. Patent and Trademark Office pursuant to Section 1(c) or Section 1(d) of the Lanham Act (U.S.C.
1051, et seq.), and to the extent that, and solely during the period in which, the grant of a
security interest therein would impair the validity or enforceability of such “intent-to-use”
trademark or service mark applications under applicable federal Law. After such period and after
such evidence of use has been filed and accepted, each Pledgor acknowledges that such interest in
such trademark or service mark applications will become part of the Collateral. The Junior Agent
agrees that, at any Pledgor’s reasonable written request and expense, it will provide such Pledgor
confirmation that the assets described in this paragraph are in fact excluded from the Collateral
during such limited period only.



     3. Each Pledgor covenants and warrants that:



          (a) To the knowledge of such Pledgor, on the date hereof, all material Intellectual Property
owned by such Pledgor is valid, subsisting and unexpired, has not been abandoned and does not, to
the knowledge of such Pledgor, infringe the intellectual property rights of any other Person;




          (b) Such Pledgor is the owner of each item of Intellectual Property, free and clear of any and
all Liens or claims of others except for the Permitted Encumbrances. No financing statement or
other public notice with respect to all or any part of the Collateral is on file or of record in
any public office, except with respect to Permitted Encumbrances;




          (c) Such Pledgor will within thirty (30) calendar days after any change in its jurisdiction of
organization, or change in its legal name, provide written notice thereof to the Junior Agent; and




          (d) Such Pledgor shall execute and deliver, and have recorded, any and all agreements,
instruments, documents and papers as the Junior Agent may reasonably request to evidence




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the Junior Agent’s and the Secured Parties’ security interest in such Intellectual Property
and the goodwill of such Pledgors relating thereto or represented thereby.




     4. Each of the obligations of each Pledgor under this Agreement is joint and several. Subject
to the Intercreditor Agreement and any Collateral Agency Agreement, the Junior Agent and the other
Secured Parties, or any of the them, may, in their sole discretion, elect to enforce this Agreement
against any Pledgor without any duty or responsibility to pursue any other Pledgor and such an
election by the Junior Agent and the other Secured Parties, or any of them, shall not be a defense
to any action the Junior Agent and the other Secured Parties, or any of them, may elect to take
against any Pledgor. Each of the Junior Agent and the other Secured Parties hereby reserve all
right against each Pledgor.



     5. Pledgor agrees that, until all of the Secured Obligations shall have been indefeasibly
satisfied in full, it will not enter into any agreement (for example, a license agreement) which is
inconsistent with Pledgor’s obligations under this Agreement, without the Junior Agent’s prior
written consent which shall not be unreasonably withheld except Pledgor may license technology in
the ordinary course of business without the Junior Agent’s consent to suppliers and customers to
facilitate the manufacture and use of such Pledgor’s products.



     6. Prior to the Discharge of Senior Lender Claims, each Pledgor, if requested to do so with
respect to the Senior Lender Claims by the Administrative Agent pursuant to Section 4.4 of the
First Lien Security Agreement, shall execute and deliver to the Junior Agent, and have recorded,
any and all agreements, instruments, documents, and papers to evidence the Junior Agent’s and the
other Secured Parties’ third lien security interest in any Copyright, Patent or Trademark and the
goodwill and General Intangibles of such Pledgor relating thereto or represented thereby.
Following the Discharge of Senior Lender Claims but prior to the Discharge of Senior Claims, if
requested to do so with respect to the Senior Noteholder Claims by the Senior Trustee pursuant to
Section 4.4 of the Senior Noteholder Security Agreement, shall execute and deliver to the Junior
Agent, and have recorded, any and all agreements, instruments, documents and papers to evidence the
Junior Agent’s and the other Secured Parties’ third lien security interest in any Copyright, Patent
or Trademark and the goodwill and General Intangibles of such Pledgor relating thereto or
represented thereby. On and after the Discharge of Senior Claims, such Pledgor shall promptly
execute and deliver, and have recorded, any and all agreements, instruments, documents, and papers
as may be necessary to create and perfect the Junior Agent’s and the other Secured Parties’
security interest in any Copyright, Patent or Trademark and the goodwill and General Intangibles of
such Pledgor relating thereto or represented thereby. In addition, if, before the Secured
Obligations shall have been indefeasibly satisfied in full, any Pledgor shall own any new trademark
applications or registrations or any new registered copyrights or patents, or any patent
application or patent for any reissue, division, continuation, renewal, extension, or continuation
in part of any Intellectual Property, the provisions of this Agreement shall automatically apply
thereto and such Pledgor shall give to Junior Agent prompt notice thereof in writing. Each Pledgor
and Junior Agent agree to modify this Agreement by amending Schedule A to include any
future patents, patent applications, trademark applications, trademarks, copyrights or copyright
applications and the provisions of this Agreement shall apply thereto.



     7. Subject to the Intercreditor Agreement and any Collateral Agency Agreement, Junior Agent
shall have, in addition to all other rights and remedies given it by this Agreement and those
rights and remedies set forth in the Junior Noteholder Security Agreement and the Junior Note
Indenture, those allowed by applicable Law and the rights and remedies of a secured party under the
Uniform Commercial Code as enacted in any jurisdiction in which the Intellectual Property may be
located and, without limiting the generality of the foregoing, solely if an Event of Default has
occurred and is continuing and subject to the Intercreditor Agreement and any Collateral Agency
Agreement, the Junior Agent may immediately, without demand of performance and without other notice
(except as set forth below) or



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demand whatsoever to Pledgors, all of which are hereby expressly
waived, and without advertisement,
sell at public or private sale or otherwise realize upon, in a city that the Junior Agent
shall designate by notice to the Pledgors, in Pittsburgh, Pennsylvania or elsewhere, the whole or
from time to time any part of the Intellectual Property, or any interest which any Pledgor may have
therein and, after deducting from the proceeds of sale or other disposition of the Intellectual
Property all expenses (including fees and expenses for brokers and attorneys), shall apply the
remainder of such proceeds toward the payment of the Secured Obligations as the Junior Agent, in
its sole discretion, shall determine. Any remainder of the proceeds after payment in full of the
Secured Obligations shall, subject to the Intercreditor Agreement and any Collateral Agency
Agreement, be paid over to Pledgors. Notice of any sale or other disposition of the Intellectual
Property shall be given to Pledgors at least ten (10) days before the time of any intended public
or private sale or other disposition of the Intellectual Property is to be made, which each Pledgor
hereby agrees shall be reasonable notice of such sale or other disposition. At any such sale or
other disposition, the Junior Agent may, to the extent permissible under applicable Law, purchase
the whole or any part of the Intellectual Property sold, free from any right of redemption on the
part of Pledgor, which right is hereby waived and released. The Junior Agent shall endeavor to
provide the Issuer with notice at or about the time of the exercise of remedies in the preceding
sentence, provided that the failure to provide such notice shall not in any way compromise or
adversely affect the exercise of such remedies or the Junior Agent’s rights hereunder.




     8. If any Event of Default shall have occurred and be continuing, Pledgor hereby authorizes
and empowers the Junior Agent to make, constitute and appoint any officer or agent of the Junior
Agent, as the Junior Agent may select in its exclusive discretion, as such Pledgor’s true and
lawful attorney-in-fact, with the power to endorse such Pledgor’s name on all applications,
documents, papers and instruments necessary for the Junior Agent to use the Intellectual Property,
or to grant or issue, on commercially reasonable terms, any exclusive or nonexclusive license under
the Intellectual Property to any third person, or necessary for the Junior Agent to assign, pledge,
convey or otherwise transfer title in or dispose, on commercially reasonable terms, of the
Intellectual Property to any third Person. Each Pledgor hereby ratifies all that such attorney
shall lawfully do or cause to be done by virtue hereof. This power of attorney, being coupled with
an interest, shall be irrevocable for the life of this Agreement.



     9. Any and all fees, costs and expenses, of whatever kind or nature, including reasonable
attorneys’ fees and expenses incurred by the Junior Agent in connection with the preparation of
this Agreement and all other documents relating hereto and the consummation of this transaction,
the filing or recording of any documents (including all taxes in connection therewith) in public
offices, the payment or discharge of any taxes, counsel fees, maintenance fees, encumbrances, the
protection, maintenance or preservation of the Intellectual Property, or the defense or prosecution
of any actions or proceedings arising out of or related to the Intellectual Property, shall be
borne and paid by Pledgor within fifteen (15) days of demand by the Junior Agent.



     10. No course of dealing between Pledgor and the Junior Agent, nor any failure to exercise nor
any delay in exercising, on the part of the Junior Agent, any right, power or privilege hereunder
or under the Junior Note Indenture or other Junior Noteholder Documents shall operate as a waiver
of such right, power or privilege, nor shall any single or partial exercise of any right, power or
privilege hereunder or thereunder preclude any other or further exercise thereof or the exercise of
any other right, power or privilege.



     11. All of the Junior Agent’s rights and remedies with respect to the Intellectual Property,
whether established hereby, by the Junior Noteholder Security Agreement or by the Junior Note
Indenture or by any other agreements or by Law, shall be cumulative and may be exercised singularly
or



-5-









 




concurrently. In the event of any irreconcilable inconsistency in the terms of this Agreement
and the Junior Noteholder Security Agreement, the Junior Noteholder Security Agreement shall
control.




     12. The provisions of this Agreement are severable, and if any clause or provision shall be
held invalid and unenforceable in whole or in part in any jurisdiction, then such invalidity or
unenforceability shall affect only such clause or provision, or part thereof, in such jurisdiction,
and shall not in any manner affect such clause or provision in any other jurisdiction, or any
clause or provision of this Agreement in any jurisdiction.



     13. This Agreement is subject to modification only by a writing signed by the parties, except
as provided in Section 6 hereof or Section 8.1 of the Junior Noteholder Security Agreement.



     14. The benefits and burdens of this Agreement shall inure to the benefit of and be binding
upon the respective successors and permitted assigns of the parties, provided,
however, that Pledgor may not assign or transfer any of its rights or obligations hereunder
or any interest herein and any such purported assignment or transfer shall be null and void.



     15. This Agreement and the rights and obligations of the parties under this agreement shall be
governed by, and construed and interpreted in accordance with, the Law of the State of New York.



     16. Each Pledgor (i) hereby irrevocably submits to the nonexclusive jurisdiction of the courts
of the State of New York and the United States District Court for the Southern District of New
York, or any successor to said court (hereinafter referred to as the “New York Courts”) for
purposes of any suit, action or other proceeding which relates to this Agreement or any other
Junior Noteholder Document, (ii) to the extent permitted by applicable Law, hereby waives and
agrees not to assert by way of motion, as a defense or otherwise in any such suit, action or
proceeding, any claim that it is not personally subject to the jurisdiction of the New York Courts,
that such suit, action or proceeding is brought in an inconvenient forum, that the venue of such
suit, action or proceeding is improper, or that this Agreement or any Junior Noteholder Document
may not be enforced in or by the New York Courts, (iii) hereby agrees not to seek, and hereby
waives, any collateral review by any other court, which may be called upon to enforce the judgment
of any of the New York Courts, of the merits of any such suit, action or proceeding or the
jurisdiction of the New York Courts, and (iv) waives personal service of any and all process upon
it and consents that all such service of process be made by certified or registered mail addressed
as provided in Section 19 hereof and service so made shall be deemed to be completed upon actual
receipt thereof. Nothing herein shall limit any Secured Party’s right to bring any suit, action or
other proceeding against any Pledgor or any of any Pledgor’s assets or to serve process on any
Pledgor by any means authorized by Law.



     17. This Agreement may be executed in any number of counterparts, and by different parties
hereto in separate counterparts, each of which, when so executed, shall be deemed an original, but
all such counterparts shall constitute one and the same instrument. Each Pledgor acknowledges and
agrees that a telecopy transmission to the Junior Agent or any Secured Party of the signature pages
hereof purporting to be signed on behalf of any Pledgor shall constitute effective and binding
execution and delivery hereof by such Pledgor.



     18. EXCEPT AS PROHIBITED BY LAW, EACH PLEDGOR AND EACH OF THE COMPANIES HEREBY WAIVES ANY
RIGHT IT MAY HAVE TO A TRIAL BY A JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING
OUT OF, UNDER, OR



-6-









 







IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER JUNIOR NOTEHOLDER DOCUMENTS OR
TRANSACTIONS RELATING THERETO.



     19. All notices, requests, demands, directions and other communications (collectively,
“notices”) given to or made upon any party hereto under the provisions of this Agreement shall be
as set forth in Section 13.03 of the Junior Note Indenture.



     20. Each Pledgor acknowledges and agrees that, in addition to the other rights of the Junior
Agent hereunder and under the other Junior Noteholder Documents, because the Junior Agent’s
remedies at law for failure of such Pledgor to comply with the provisions hereof relating to the
Junior Agent’s rights (i) to inspect the books and records related to the Pledged Collateral,
(ii) to receive the various notifications such Pledgor is required to deliver hereunder, (iii) to
obtain copies of agreements and documents as provided herein with respect to the Pledged
Collateral, (iv) to enforce the provisions hereof pursuant to which the such Pledgor has appointed
the Junior Agent its attorney-in-fact, and (v) to enforce the Junior Agent’s remedies hereunder,
would be inadequate and that any such failure would not be adequately compensable in damages, such
Pledgor agrees that each such provision hereof may be specifically enforced.



     21. Notwithstanding anything herein to the contrary, the lien and security interest granted to
the Secured Party pursuant to this Agreement and the exercise of any right or remedy by the Secured
Party hereunder are subject to the provisions of the Intercreditor Agreement. In the event of any
conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the
Intercreditor Agreement shall govern.



     22. In the performance of its obligations hereunder, the Junior Agent shall be entitled to the
privileges, powers and immunities afforded to it as Collateral Agent under the Junior Note
Indenture. The Junior Agent shall be entitled to refuse to take or refrain from taking any
discretionary action or exercise any discretionary powers set forth in this Agreement unless it has
received direction of a majority of Junior Noteholders with respect thereto. Notwithstanding
anything to the contrary contained herein, the Junior Agent shall have no responsibility for the
creation, perfection, priority, sufficiency or protection of any liens securing Secured
Obligations.


[SIGNATURES APPEAR ON FOLLOWING PAGE]



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[SIGNATURE PAGE 1 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers or agents thereunto duly authorized, as of the date first above written.




	 	 	 	 	 	 	 
	 	 	WILMINGTON TRUST COMPANY, as Junior Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 





 









 






[SIGNATURE PAGE 2 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]



Pledgors:




	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN ENTERPRISES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

David G. Valiaveedan
	 	 
	 

	 	Title:
	 	Vice-President — Finance	 	 






 









 






[SIGNATURE PAGE 3 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




	 	 	 	 	 	 	 
	 	 	HOVNANIAN ENTERPRISES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

David G. Valiaveedan
	 	 
	 

	 	Title:
	 	Vice-President — Finance	 	 






EASTERN TITLE AGENCY, INC.




FOUNDERS TITLE AGENCY, INC.




GOVERNOR’S ABSTRACT CO., INC.




HOVNANIAN DEVELOPMENTS OF FLORIDA, INC.




K. HOV INTERNATIONAL, INC.




K. HOV IP, II, INC.




K. HOV I P, INC.




K. HOVNANIAN ACQUISITIONS, INC.




K. HOVNANIAN AT BERNARDS IV, INC.




K. HOVNANIAN AT BRANCHBURG III, INC.




K. HOVNANIAN AT BRIDGEPORT, INC.




K. HOVNANIAN AT BRIDGEWATER VI, INC.




K. HOVNANIAN AT BURLINGTON III, INC.




K. HOVNANIAN AT BURLINGTON, INC.




K. HOVNANIAN AT CALABRIA, INC.




K. HOVNANIAN AT CAMERON CHASE, INC.




K. HOVNANIAN AT CARMEL DEL MAR, INC.




K. HOVNANIAN AT CASTILE, INC.




K. HOVNANIAN AT CHAPARRAL, INC.




K. HOVNANIAN AT CLARKSTOWN, INC.




K. HOVNANIAN AT CRESTLINE, INC.




K. HOVNANIAN AT DOMINGUEZ HILLS, INC.




K. HOVNANIAN AT EAST WHITELAND I, INC.




K. HOVNANIAN AT FREEHOLD TOWNSHIP I, INC.




K. HOVNANIAN AT HERSHEY’S MILL, INC.




K. HOVNANIAN AT HACKETTSTOWN, INC.




K. HOVNANIAN AT HIGHLAND VINEYARDS, INC.




K. HOVNANIAN AT HOPEWELL IV, INC.




 









 





[SIGNATURE PAGE 4 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN AT HOPEWELL VI, INC.




K. HOVNANIAN AT HOWELL TOWNSHIP, INC.




K. HOVNANIAN AT KINGS GRANT I, INC.




K. HOVNANIAN AT LA TERRAZA, INC.




K. HOVNANIAN AT LAKEWOOD, INC.




K. HOVNANIAN AT LOWER SAUCON, INC.




K. HOVNANIAN AT MAHWAH II, INC.




K. HOVNANIAN AT MAHWAH VI, INC.




K. HOVNANIAN AT MAHWAH VII, INC.




K. HOVNANIAN AT MANALAPAN, INC.




K. HOVNANIAN AT MARLBORO II, INC.




K. HOVNANIAN AT MARLBORO TOWNSHIP III, INC.




K. HOVNANIAN AT MARLBORO TOWNSHIP IV, INC.




K. HOVNANIAN AT MONTGOMERY I, INC.




K. HOVNANIAN AT MONROE II, INC.




K. HOVNANIAN AT NORTHERN WESTCHESTER, INC.




K. HOVNANIAN AT NORTHLAKE, INC.




K. HOVNANIAN AT OCEAN TOWNSHIP, INC.




K. HOVNANIAN AT OCEAN WALK, INC.




K. HOVNANIAN AT PERKIOMEN I, INC.




K. HOVNANIAN AT PERKIOMEN II, INC.




K. HOVNANIAN AT RANCHO CRISTIANITOS, INC.




K. HOVNANIAN AT RESERVOIR RIDGE, INC.




K. HOVNANIAN AT SAN SEVAINE, INC.




K. HOVNANIAN AT SARATOGA, INC.




K. HOVNANIAN AT SAWMILL, INC.




K. HOVNANIAN AT SCOTCH PLAINS II, INC.




K. HOVNANIAN AT SMITHVILLE, INC.




K. HOVNANIAN AT SOUTH BRUNSWICK V, INC.




K. HOVNANIAN AT STONE CANYON, INC.




K. HOVNANIAN AT STONY POINT, INC.




K. HOVNANIAN AT SYCAMORE, INC.




K. HOVNANIAN AT TANNERY HILL, INC.




 









 





[SIGNATURE PAGE 5 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN AT THE BLUFF, INC.




K. HOVNANIAN AT THORNBURY, INC.




K. HOVNANIAN AT TIERRASANTA, INC.




K. HOVNANIAN AT TROVATA, INC.




K. HOVNANIAN AT TUXEDO, INC.




K. HOVNANIAN AT UNION TOWNSHIP I, INC.




K. HOVNANIAN AT UPPER FREEHOLD TOWNSHIP I, INC.




K. HOVNANIAN AT UPPER MAKEFIELD I, INC.




K. HOVNANIAN AT VAIL RANCH, INC.




K. HOVNANIAN AT WALL TOWNSHIP VI, INC.




K. HOVNANIAN AT WALL TOWNSHIP VIII, INC.




K. HOVNANIAN AT WASHINGTONVILLE, INC.




K. HOVNANIAN AT WAYNE III, INC.




K. HOVNANIAN AT WAYNE V, INC.




K. HOVNANIAN AT WILDROSE, INC.




K. HOVNANIAN COMMUNITIES, INC.




K. HOVNANIAN COMPANIES NORTHEAST, INC.




K. HOVNANIAN COMPANIES OF CALIFORNIA, INC.




K. HOVNANIAN COMPANIES OF MARYLAND, INC.




K. HOVNANIAN COMPANIES OF NEW YORK, INC.




K. HOVNANIAN COMPANIES OF PENNSYLVANIA, INC.




K. HOVNANIAN COMPANIES OF SOUTHERN CALIFORNIA, INC.




K. HOVNANIAN COMPANIES OF VIRGINIA, INC.




K. HOVNANIAN CONSTRUCTION II, INC.




K. HOVNANIAN CONSTRUCTION III, INC.




K. HOVNANIAN CONSTRUCTION MANAGEMENT, INC.




K. HOVNANIAN DEVELOPMENTS OF VIRGINIA, INC.




K. HOVNANIAN DEVELOPMENTS OF ARIZONA, INC.




K. HOVNANIAN DEVELOPMENTS OF CALIFORNIA, INC.




K. HOVNANIAN DEVELOPMENTS OF CONNECTICUT, INC.




K. HOVNANIAN DEVELOPMENTS OF D.C., INC.




 









 





[SIGNATURE PAGE 6 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN DEVELOPMENTS OF DELAWARE, INC.




K. HOVNANIAN DEVELOPMENTS OF GEORGIA, INC.




K. HOVNANIAN DEVELOPMENTS OF ILLINOIS, INC.




K. HOVNANIAN DEVELOPMENTS OF INDIANA, INC.




K. HOVNANIAN DEVELOPMENTS OF KENTUCKY, INC.




K. HOVNANIAN DEVELOPMENTS OF MARYLAND, INC.




K. HOVNANIAN DEVELOPMENTS OF MICHIGAN, INC.




K. HOVNANIAN DEVELOPMENTS OF MINNESOTA, INC.




K. HOVNANIAN DEVELOPMENTS OF NEW JERSEY II, INC.




K. HOVNANIAN DEVELOPMENTS OF NEW JERSEY, INC.




K. HOVNANIAN DEVELOPMENTS OF NEW YORK, INC.




K. HOVNANIAN DEVELOPMENTS OF NORTH CAROLINA, INC.




K. HOVNANIAN DEVELOPMENTS OF OHIO, INC.




K. HOVNANIAN DEVELOPMENTS OF PENNSYLVANIA, INC.




K. HOVNANIAN DEVELOPMENTS OF SOUTH CAROLINA, INC.




K. HOVNANIAN DEVELOPMENTS OF TEXAS, INC.




K. HOVNANIAN DEVELOPMENTS OF WEST VIRGINIA, INC.




K. HOVNANIAN FORECAST HOMES NORTHERN, INC.




K. HOVNANIAN HOMES OF NORTH CAROLINA, INC.




K. HOVNANIAN HOMES OF VIRGINIA, INC.




K. HOVNANIAN PA REAL ESTATE, INC.




K. HOVNANIAN PORT IMPERIAL URBAN RENEWAL, INC.




K. HOVNANIAN PROPERTIES OF RED BANK, INC.




LANDARAMA, INC.




M&M AT LONG BRANCH, INC.




MCNJ, INC.




SEABROOK ACCUMULATION CORPORATION




 









 





[SIGNATURE PAGE 7 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




STONEBROOK HOMES, INC.




THE MATZEL & MUMFORD ORGANIZATION, INC.




WASHINGTON HOMES, INC.




WESTMINSTER HOMES, INC.




WESTMINSTER HOMES OF TENNESSEE, INC.




WH LAND I, INC.




WH PROPERTIES, INC.




	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

David G. Valiaveedan
	 	 
	 

	 	 	 	On behalf of, and as Vice-President — Finance of each of

the foregoing corporations	 	 






 









 






[SIGNATURE PAGE 8 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




	 	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES OF D.C., L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of D.C., Inc., as the sole	 	 
	 	 	 	 	member of the foregoing limited liability company	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

David G. Valiaveedan
	 	 
	 

	 	 	 	 	 	Vice-President — Finance	 	 






FOUNDERS TITLE AGENCY OF MARYLAND, L.L.C.




GREENWAY FARMS UTILITY ASSOCIATES, L.L.C.




HOMEBUYERS FINANCIAL SERVICES, L.L.C.




HOVNANIAN LAND INVESTMENT GROUP OF MARYLAND, L.L.C.




HOVNANIAN LAND INVESTMENT GROUP, L.L.C.




K. HOVNANIAN AT KING FARM, L.L.C.




K. HOVNANIAN AT RODERUCK, L.L.C.




K. HOVNANIAN AT WILLOW BROOK, L.L.C.




K. HOVNANIAN COMPANIES METRO D.C. NORTH, L.L.C.




K. HOVNANIAN HOMES AT CAMP SPRINGS, L.L.C.




K. HOVNANIAN HOMES AT CIDER MILL, L.L.C.




	 	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Maryland, Inc., as the
sole member of each of the foregoing limited liability
companies.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

David G. Valiaveedan

Vice-President — Finance
	 	 






 









 






[SIGNATURE PAGE 9 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN HOMES AT FOREST RUN, L.L.C.




K. HOVNANIAN HOMES AT GREENWAY FARM PARK TOWNS, L.L.C.




K. HOVNANIAN HOMES AT GREENWAY FARM, L.L.C.




K. HOVNANIAN HOMES AT RENAISSANCE PLAZA, L.L.C.




K. HOVNANIAN HOMES AT RUSSETT, L.L.C.




K. HOVNANIAN HOMES OF MARYLAND, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT KENT ISLAND 
CONDOMINIUMS,
L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT KENT ISLAND, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT ST. MARGARETS LANDING, L.L.C.




RIDGEMORE UTILITY, L.L.C.




WASHINGTON HOMES AT COLUMBIA TOWN CENTER, L.L.C.




WH/PR LAND COMPANY, L.L.C.




WOODLAND LAKE CONDOMINIUMS AT BOWIE NEW TOWN, L.L.C.




	 	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Maryland, Inc., as the
sole member of each of the foregoing limited liability
companies.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

David G. Valiaveedan

Vice-President — Finance
	 	 






 









 






[SIGNATURE PAGE 10 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




ALFORD, L.L.C.




DULLES COPPERMINE, L.L.C.




HOVNANIAN LAND INVESTMENT GROUP OF VIRGINIA, L.L.C.




K. HOVNANIAN AT LAKE RIDGE CROSSING, L.L.C.




K. HOVNANIAN AT LAKE TERRAPIN, L.L.C.




K. HOVNANIAN FOUR SEASONS @ HISTORIC VIRGINIA, L.L.C.




K. HOVNANIAN HOMES AT CAMERON STATION, L.L.C.




K. HOVNANIAN HOMES AT BELMONT OVERLOOK, L.L.C.




K. HOVNANIAN HOMES AT PAYNE STREET, L.L.C.




K. HOVNANIAN HOMES AT VICTORIA STATION, L.L.C.




K. HOVNANIAN SUMMIT HOLDINGS, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT ASHBURN VILLAGE, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT CHARLOTTESVILLE, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT DULLES DISCOVERY 
CONDOMINIUM,
L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT DULLES DISCOVERY, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT NEW KENT VINEYARDS, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT VINT HILL, L.L.C.




	 	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Virginia, Inc., as the
sole member of each of the foregoing limited liability
companies.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

David G. Valiaveedan

Vice-President — Finance
	 	 






 









 






[SIGNATURE PAGE 11 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




AUDDIE ENTERPRISES, L.L.C.




BUILDER SERVICES NJ, L.L.C.




HOVNANIAN LAND INVESTMENT GROUP OF NEW JERSEY, L.L.C.




K. HOVNANIAN AT ABERDEEN URBAN RENEWAL, L.L.C.




K. HOVNANIAN AT ALLENDALE, L.L.C.




K. HOVNANIAN AT BARNEGAT I, L.L.C.




K. HOVNANIAN AT BARNEGAT II, L.L.C.




K. HOVNANIAN AT BARNEGAT III, L.L.C.




K. HOVNANIAN AT BERKELEY, L.L.C.




K. HOVNANIAN AT BERNARDS V, L.L.C.




K. HOVNANIAN AT BLUE HERON PINES, L.L.C.




K. HOVNANIAN AT BRIDGEWATER I, L.L.C




K. HOVNANIAN AT CAMDEN I, L.L.C.




K. HOVNANIAN AT CEDAR GROVE III, L.L.C.




K. HOVNANIAN AT CEDAR GROVE IV, L.L.C.




K. HOVNANIAN AT CHESTER I, L.L.C.




K. HOVNANIAN AT CHESTERFIELD, L.L.C.




K. HOVNANIAN AT CHESTERFIELD II, L.L.C.




K. HOVNANIAN AT CLIFTON II, L.L.C.




K. HOVNANIAN AT CLIFTON, L.L.C.




K. HOVNANIAN AT CRANBURY, L.L.C.




K. HOVNANIAN AT CURRIES WOODS, L.L.C.




K. HOVNANIAN AT DENVILLE, L.L.C.




K. HOVNANIAN AT DEPTFORD TOWNSHIP, L.L.C.




K. HOVNANIAN AT DOVER, L.L.C.




K. HOVNANIAN AT EDGEWATER II, L.L.C.




K. HOVNANIAN AT EDGEWATER, L.L.C.




K. HOVNANIAN AT EGG HARBOR TOWNSHIP, L.L.C.




K. HOVNANIAN AT EGG HARBOR TOWNSHIP II, L.L.C.




K. HOVNANIAN AT ELK TOWNSHIP, L.L.C.




K. HOVNANIAN AT FIFTH AVENUE, L.L.C.




K. HOVNANIAN AT FLORENCE I, L.L.C.




K. HOVNANIAN AT FLORENCE II, L.L.C.




K. HOVNANIAN AT FOREST MEADOWS, L.L.C.




 









 





[SIGNATURE PAGE 12 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN AT FRANKLIN, L.L.C.




K. HOVNANIAN AT FREEHOLD TOWNSHIP, L.L.C.




K. HOVNANIAN AT GALLOWAY, L.L.C.




K. HOVNANIAN AT GREAT NOTCH, L.L.C.




K. HOVNANIAN AT GUTTENBERG, L.L.C.




K. HOVNANIAN AT HACKETTSTOWN II, L.L.C.




K. HOVNANIAN AT HAMBURG CONTRACTORS, L.L.C.




K. HOVNANIAN AT HAMBURG, L.L.C.




K. HOVNANIAN AT HAWTHORNE, L.L.C




K. HOVNANIAN AT HAZLET, L.L.C.




K. HOVNANIAN AT HILLTOP, L.L.C.




K. HOVNANIAN AT JACKSON I, L.L.C.




K. HOVNANIAN AT JACKSON, L.L.C.




K. HOVNANIAN AT JERSEY CITY IV, L.L.C.




K. HOVNANIAN AT JERSEY CITY V URBAN RENEWAL COMPANY, L.L.C.




K. HOVNANIAN AT KEYPORT, L.L.C.




K. HOVNANIAN AT LAFAYETTE ESTATES, L.L.C.




K. HOVNANIAN AT LAWRENCE V, L.L.C.




K. HOVNANIAN AT LINWOOD, L.L.C.




K. HOVNANIAN AT LITTLE EGG HARBOR TOWNSHIP II, L.L.C.




K. HOVNANIAN AT LITTLE EGG HARBOR CONTRACTORS, L.L.C.




K. HOVNANIAN AT LITTLE EGG HARBOR, L.L.C.




K. HOVNANIAN AT LITTLE EGG HARBOR III, L.L.C.




K. HOVNANIAN AT LONG BRANCH I, L.L.C.




K. HOVNANIAN AT MANALAPAN III, L.L.C.




K. HOVNANIAN AT MANSFIELD I, L.L.C.




K. HOVNANIAN AT MANSFIELD II, L.L.C.




K. HOVNANIAN AT MANSFIELD III, L.L.C.




K. HOVNANIAN AT MAPLE AVENUE, L.L.C.




K. HOVNANIAN AT MARLBORO TOWNSHIP IX, L.L.C.




K. HOVNANIAN AT MARLBORO TOWNSHIP V, L.L.C.




K. HOVNANIAN AT MARLBORO TOWNSHIP VIII, L.L.C.




K. HOVNANIAN AT MARLBORO VI, L.L.C.




 









 





[SIGNATURE PAGE 13 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN AT MARLBORO VII, L.L.C.




K. HOVNANIAN AT MENDHAM TOWNSHIP, L.L.C.




K. HOVNANIAN AT MIDDLE TOWNSHIP, L.L.C.




K. HOVNANIAN AT MIDDLE TOWNSHIP II, L.L.C.




K. HOVNANIAN AT MIDDLETOWN II, L.L.C.




K. HOVNANIAN AT MIDDLETOWN, L.L.C.




K. HOVNANIAN AT MILLVILLE I, L.L.C.




K. HOVNANIAN AT MILLVILLE II, L.L.C.




K. HOVNANIAN AT MILLVILLE III, L.L.C.




K. HOVNANIAN AT MONROE III, L.L.C.




K. HOVNANIAN AT MONROE IV, L.L.C.




K. HOVNANIAN AT MONROE NJ, L.L.C.




K. HOVNANIAN AT MONTVALE, L.L.C.




K. HOVNANIAN AT MT. OLIVE TOWNSHIP, L.L.C.




K. HOVNANIAN AT NEW BRUNSWICK URBAN RENEWAL, L.L.C.




K. HOVNANIAN AT NORTH BERGEN, L.L.C.




K. HOVNANIAN AT NORTH BRUNSWICK VI, L.L.C.




K. HOVNANIAN AT NORTH CALDWELL II, L.L.C.




K. HOVNANIAN AT NORTH CALDWELL III, L.L.C.




K. HOVNANIAN AT NORTH CALDWELL, L.L.C.




K. HOVNANIAN AT NORTH HALEDON, L.L.C.




K. HOVNANIAN AT NORTH WILDWOOD, L.L.C.




K. HOVNANIAN AT NORTHFIELD, L.L.C.




K. HOVNANIAN AT OCEANPORT, L.L.C.




K. HOVNANIAN AT OLD BRIDGE, L.L.C.




K. HOVNANIAN AT PARAMUS, L.L.C.




K. HOVNANIAN AT PARSIPPANY-TROY HILLS, L.L.C.




K. HOVNANIAN AT PEAPACK-GLADSTONE, L.L.C.




K. HOVNANIAN AT PITTSGROVE, L.L.C.




K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL IV, L.L.C.




K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL V, L.L.C.




K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VI, L.L.C.






 









 






[SIGNATURE PAGE 14 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VII, L.L.C.




K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VIII, L.L.C.




K. HOVNANIAN AT PRINCETON LANDING, L.L.C.




K. HOVNANIAN AT PRINCETON NJ, L.L.C.




K. HOVNANIAN AT RANDOLPH I, L.L.C.




K. HOVNANIAN AT READINGTON II, L.L.C.




K. HOVNANIAN AT RED BANK, L.L.C.




K. HOVNANIAN AT RIDGEMONT, L.L.C.




K. HOVNANIAN AT SAYREVILLE, L.L.C.




K. HOVNANIAN AT SCOTCH PLAINS, L.L.C.




K. HOVNANIAN AT SMITHVILLE III, L.L.C.




K. HOVNANIAN AT SOMERS POINT, L.L.C.




K. HOVNANIAN AT SOUTH BRUNSWICK, L.L.C.




K. HOVNANIAN AT SPARTA, L.L.C.




K. HOVNANIAN AT SPRINGCO, L.L.C.




K. HOVNANIAN AT TEANECK, L.L.C.




K. HOVNANIAN AT THE MONARCH, L.L.C.




K. HOVNANIAN AT TRENTON, L.L.C.




K. HOVNANIAN AT UNION TOWNSHIP II, L.L.C.




K. HOVNANIAN AT UPPER FREEHOLD TOWNSHIP II, L.L.C.




K. HOVNANIAN AT UPPER FREEHOLD TOWNSHIP III, L.L.C.




K. HOVNANIAN AT VERONA URBAN RENEWAL, L.L.C.




K. HOVNANIAN AT VINELAND, L.L.C.




K. HOVNANIAN AT WANAQUE, L.L.C.




K. HOVNANIAN AT WARREN TOWNSHIP, L.L.C.




K. HOVNANIAN AT WASHINGTON, L.L.C.




K. HOVNANIAN AT WAYNE IX, L.L.C.




K. HOVNANIAN AT WAYNE VIII, L.L.C.




K. HOVNANIAN AT WEST MILFORD, L.L.C.




K. HOVNANIAN AT WEST WINDSOR, L.L.C.




 









 





[SIGNATURE PAGE 15 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN AT WILDWOOD BAYSIDE, L.L.C.




K. HOVNANIAN AT WOODHILL ESTATES, L.L.C.




K. HOVNANIAN AT WOOLWICH I, L.L.C.




K. HOVNANIAN CENTRAL ACQUISITIONS, L.L.C.




K. HOVNANIAN CHESTERFIELD INVESTMENT, L.L.C.




K. HOVNANIAN CLASSICS, L.L.C.




K. HOVNANIAN CLASSICS CIP, L.L.C.




K. HOVNANIAN HOMES – DFW, L.L.C.




K. HOVNANIAN HOMES OF HOUSTON, L.L.C.




K. HOVNANIAN OF HOUSTON II, L.L.C.




K. HOVNANIAN NORTH CENTRAL ACQUISITIONS, L.L.C.




K. HOVNANIAN NORTH JERSEY ACQUISITIONS, L.L.C.




K. HOVNANIAN NORTHEAST SERVICES, L.L.C.




K. HOVNANIAN SHORE ACQUISITIONS, L.L.C.




K. HOVNANIAN SOUTHERN NEW JERSEY, L.LC.




K. HOVNANIAN SOUTH JERSEY ACQUISITIONS, L.L.C.




K. HOVNANIAN T&C INVESTMENT, L.L.C.




K. HOVNANIAN VENTURE I, L.L.C.




K. HOVNANIAN’S PRIVATE HOME PORTFOLIO, L.L.C.




TERRAPIN REALTY, L.L.C.




KHIP, L.L.C.




	 	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Holdings NJ, L.L.C., as the sole member
of each of the foregoing limited liability
companies.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	K. Hovnanian Developments of New Jersey,

Inc., as member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

David G. Valiaveedan

Vice-President — Finance
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	AND	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	K. Hovnanian Developments of New Jersey II,

Inc., as member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 






 









 






[SIGNATURE PAGE 16 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




	 	 	 	 	 	 	 	 	 	 	 
	 	 	F&W MECHANICAL SERVICES, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Holdings NJ, L.L.C., as the managing
member of the foregoing limited liability
company.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	K. Hovnanian Developments of New Jersey,

Inc., as member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

David G. Valiaveedan

Vice-President — Finance
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	AND	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	K. Hovnanian Developments of New Jersey II,

Inc., as member	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 







 











 





[SIGNATURE PAGE 17 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




	 	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN AT HUDSON POINTE, L.L.C.
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Holdings NJ, L.L.C., its sole member
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	K. Hovnanian Developments of New Jersey, Inc., as member
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	AND
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	K. Hovnanian Developments of New Jersey II,
	 	 	 	 	 	 	Inc., as member
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
PAGE 18 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 	 	 	 	 
	 	 	PARK TITLE COMPANY, L.L.C.
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian of Houston II, L.L.C., its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	K. Hovnanian Holdings NJ, L.L.C., its sole member
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	K. Hovnanian Developments of New Jersey, Inc., as member
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	AND
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By:	 	K. Hovnanian Developments of New Jersey
	 	 	 	 	 	 	 	 	II, Inc., as member
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 






[SIGNATURE
PAGE 19 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




HOVNANIAN LAND INVESTMENT GROUP OF CALIFORNIA, L.L.C.




K.H. SAN MARCOS CONSERVANCY HOLDINGS, L.L.C.




K. HOVNANIAN AT 3 CHAPMAN, L.L.C.




K. HOVNANIAN AT 4S, L.L.C.




K. HOVNANIAN AT ACQUA VISTA, L.L.C.




K. HOVNANIAN AT ALISO, L.L.C.




K. HOVNANIAN AT ARBOR HEIGHTS, L.L.C.




K. HOVNANIAN AT AVENUE ONE, L.L.C.




K. HOVNANIAN AT BELLA LAGO, L.L.C.




K. HOVNANIAN AT BRIDLEWOOD, L.L.C.




K. HOVNANIAN AT CAPISTRANO, L.L.C.




K. HOVNANIAN AT CARMEL VILLAGE, L.L.C.




K. HOVNANIAN AT CIELO, L.L.C.




K. HOVNANIAN AT COASTLINE, L.L.C.




K. HOVNANIAN AT CORTEZ HILL, L.L.C.




K. HOVNANIAN AT EASTLAKE, L.L.C.




K. HOVNANIAN AT ENCINITAS RANCH, L.L.C.




K. HOVNANIAN AT EVERGREEN, L.L.C.




K. HOVNANIAN AT GASLAMP SQUARE, L.L.C.




K. HOVNANIAN AT HIGHWATER, L.L.C.




K.
HOVNANIAN AT LA COSTA, LLC




K. HOVNANIAN AT LA COSTA GREENS, L.L.C.




K. HOVNANIAN AT LA HABRA KNOLLS, L.L.C.




K. HOVNANIAN AT LAKE HILLS, L.L.C.




K. HOVNANIAN AT LAKE RANCHO VIEJO, L.L.C.




K. HOVNANIAN AT MATSU, L.L.C.




K. HOVNANIAN AT MENIFEE, L.L.C.




K. HOVNANIAN AT MOCKINGBIRD CANYON, L.L.C.




K. HOVNANIAN AT MOSAIC, L.L.C.




K. HOVNANIAN AT OLDE ORCHARD, L.L.C.




K. HOVNANIAN AT ORANGE HEIGHTS, L.L.C.




K. HOVNANIAN AT PACIFIC BLUFFS, L.L.C.




K. HOVNANIAN AT PARK LANE, L.L.C.




K. HOVNANIAN AT PIAZZA D’ORO, L.L.C.




K. HOVNANIAN AT PRADO, L.L.C.




 









 





[SIGNATURE
PAGE 20 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN AT RANCHO SANTA MARGARITA, L.L.C.




K. HOVNANIAN AT RIVERBEND, L.L.C.




K. HOVNANIAN AT ROSEMARY LANTANA, L.L.C.




K. HOVNANIAN AT ROWLAND HEIGHTS, L.L.C.




K. HOVNANIAN AT SAGE, L.L.C.




K. HOVNANIAN AT SKYE ISLE, L.L.C.




K. HOVNANIAN AT SUNSETS, L.L.C.




K. HOVNANIAN AT THE CROSBY, L.L.C.




K. HOVNANIAN AT THE GABLES, L.L.C.




K. HOVNANIAN AT THE PRESERVE, L.L.C.




K. HOVNANIAN AT THOMPSON RANCH, L.L.C.




K. HOVNANIAN AT TRAIL RIDGE, L.L.C.




K. HOVNANIAN AT WINCHESTER, L.L.C.




K. HOVNANIAN INTERNATIONAL, L.L.C.




K. HOVNANIAN T&C MANAGEMENT CO., L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT BAKERSFIELD, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT BEAUMONT, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT HEMET, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT MENIFEE VALLEY, L.L.C.




K. HOVNANIAN’S FOUR SEASONS AT PALM SPRINGS, L.L.C.




K. HOVNANIAN’S FOUR SEASONS, L.L.C.




K. HOVNANIAN’S PARKSIDE AT TOWNGATE, L.L.C.




NATOMAS CENTRAL NEIGHBORHOOD HOUSING, L.L.C.




	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of California, Inc., as the sole member of
each of the foregoing limited liability companies.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan
	 

	 	 	 	 	 	Vice-President — Finance






 









 




[SIGNATURE
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	 	 	K. HOVNANIAN HOLDINGS NJ, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of New Jersey, Inc., as member of the foregoing limited liability company.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	AND
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of New Jersey II, Inc., as member of the foregoing limited liability company.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
PAGE 22 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





BUILDER SERVICES, PA, L.L.C.




HOVNANIAN LAND INVESTMENT GROUP OF PENNSYLVANIA, L.L.C.




K. HOVNANIAN AT ALLENBERRY, L.L.C.




K. HOVNANIAN AT ALLENTOWN, L.L.C.




K. HOVNANIAN AT BROAD AND WALNUT, L.L.C.




K. HOVNANIAN AT CAMP HILL, L.L.C.




K HOVNANIAN AT EAST BRANDYWINE, L.L.C.




K HOVNANIAN AT FORKS TWP. I, L.L.C.




K. HOVNANIAN AT LOWER MACUNGIE TOWNSHIP I, L.L.C.




K. HOVNANIAN AT LOWER MACUNGIE TOWNSHIP II, L.L.C.




K. HOVNANIAN AT LOWER MAKEFIELD TOWNSHIP I, L.L.C.




K. HOVNANIAN AT LOWER MORELAND I, L.L.C.




K. HOVNANIAN AT LOWER MORELAND II, L.L.C.




K. HOVNANIAN AT LOWER MORELAND III, L.L.C.




K. HOVNANIAN AT MACUNGIE, L.L.C.




K. HOVNANIAN AT NORTHAMPTON, L.L.C.




K. HOVNANIAN AT PHILADELPHIA II, L.L.C.




K. HOVNANIAN AT PHILADELPHIA III, L.L.C.




K. HOVNANIAN AT PHILADELPHIA IV, L.L.C.




K. HOVNANIAN AT RAPHO, L.L.C.




	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Companies of Pennsylvania, Inc., as the sole member of
each of the foregoing limited liability companies.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan
	 

	 	 	 	 	 	Vice-President — Finance






 









 






[SIGNATURE
PAGE 23 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




K. HOVNANIAN AT SILVER SPRING, L.L.C.




K. HOVNANIAN AT UPPER UWCHLAN II, L.L.C.




K. HOVNANIAN AT UPPER UWCHLAN, L.L.C.




K. HOVNANIAN AT WEST BRADFORD, L.L.C.




K. HOVNANIAN HOMES OF PENNSYLVANIA, L.L.C.




K. HOVNANIAN PENNSYLVANIA ACQUISITIONS, L.L.C.




K. HOVNANIAN SUMMIT HOMES OF PENNSYLVANIA, L.L.C.




MIDWEST BUILDING PRODUCTS & CONTRACTOR SERVICES 
OF
PENNSYLVANIA, L.L.C.




RIDGEMORE UTILITY ASSOCIATES OF PENNSYLVANIA, L.L.C.




	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Companies of Pennsylvania, Inc., as the sole member of
each of the foregoing limited liability companies.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan
	 

	 	 	 	 	 	Vice-President — Finance






 









 






[SIGNATURE
PAGE 24 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]




HOVNANIAN LAND INVESTMENT GROUP OF FLORIDA, L.L.C.




K. HOVNANIAN CAMBRIDGE HOMES, L.L.C.




K. HOVNANIAN FIRST HOMES, L.L.C.




K. HOVNANIAN FLORIDA REALTY, L.L.C.




K. HOVNANIAN STANDING ENTITY, L.L.C.




K. HOVNANIAN T&C HOMES AT FLORIDA, L.L.C.




K. HOVNANIAN WINDWARD HOMES, L.L.C.




	 	 	 	 	 	 	 
	 	 	By:	 	Hovnanian Developments of Florida, Inc., as the sole member of
each of the foregoing limited liability companies.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
PAGE 25 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN COMPANIES, LLC
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Enterprises, Inc., as member of the foregoing limited liability company.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	AND
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of New Jersey II, Inc., as member of the foregoing limited liability company.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 
	 	 	K. HOVNANIAN EASTERN PENNSYLVANIA, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian at Perkiomen II, Inc., as the sole member of the foregoing limited liability company.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
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	 	 	K. HOVNANIAN CRAFTBUILT HOMES OF SOUTH CAROLINA, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN FOUR SEASONS AT GOLD HILL, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES OF SOUTH CAROLINA, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of South Carolina, Inc., as the sole member
of each of the foregoing limited liability companies.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN GREAT WESTERN BUILDING COMPANY, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN GREAT WESTERN HOMES, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	NEW LAND TITLE AGENCY, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Arizona, Inc., as the sole member of
each of the foregoing limited liability companies.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 






 









 




[SIGNATURE
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	 	 	K. HOVNANIAN AT HIGHLAND SHORES, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN AT RIDGESTONE, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES OF MINNESOTA, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN’S FOUR SEASONS AT RUSH CREEK, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN T&C HOMES AT MINNESOTA, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Minnesota, Inc., as the sole member of
each of the foregoing limited liability companies.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 






 









 




[SIGNATURE
PAGE 28 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN OHIO REALTY, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN OSTER HOMES, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN SUMMIT HOMES, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	MIDWEST BUILDING PRODUCTS & CONTRACTOR SERVICES, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Ohio, Inc., as the sole member of each
of the foregoing limited liability companies.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 






 









 




[SIGNATURE
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	 	 	K. HOVNANIAN HOMES OF WEST VIRGINIA, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN’S FOUR SEASONS AT HUNTFIELD, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN SUMMIT HOMES OF WEST VIRGINIA, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	MIDWEST BUILDING PRODUCTS & CONTRACTOR SERVICES OF WEST
VIRGINIA, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of West Virginia, Inc., as the sole member
of each of the foregoing limited liability companies.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN SUMMIT HOMES OF MICHIGAN, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	MIDWEST BUILDING PRODUCTS & CONTRACTOR SERVICES OF MICHIGAN,
L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Michigan, Inc., as the sole member of
the foregoing limited liability company.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 






 









 




[SIGNATURE
PAGE 30 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 	 	 
	 	 	M&M AT CHESTERFIELD, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT APPLE RIDGE, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT EAST MILL, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT MORRISTOWN, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT SHERIDAN, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT SPINNAKER POINTE, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT SPRUCE HOLLOW, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT SPRUCE RUN, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT THE HIGHLANDS, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	MATZEL & MUMFORD AT EGG HARBOR, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	MATZEL & MUMFORD AT MONTGOMERY, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	THE LANDINGS AT SPINNAKER POINTE, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	The Matzel & Mumford Organization, Inc., as the sole member of each
of the foregoing limited liability companies.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 






 









 




[SIGNATURE
PAGE 31 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 	 	 
	 	 	M & M AT COPPER BEECH, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M & M AT CRESCENT COURT, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT EAST RUTHERFORD, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT KENSINGTON WOODS, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M & M AT STATION SQUARE, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M & M AT UNION, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT TAMARACK HOLLOW, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT THE CHATEAU, L.LC.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT WEST ORANGE, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT WESTPORT, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	M&M AT WHEATENA URBAN RENEWAL, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	MATZEL & MUMFORD AT SOUTH BOUND BROOK URBAN RENEWAL, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	MMIP, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	M&M Investments, L.P., as the sole member of each of the foregoing
limited liability companies.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 






 









 




[SIGNATURE
PAGE 32 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES AT FAIRWOOD, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES AT JONES STATION 1, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES AT JONES STATION 2, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES AT MAXWELL PLACE. L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES AT PRIMERA, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PADDOCKS, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PINE AYR, L.L.C.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Homes of Maryland, L.L.C., as the sole member of each of
the foregoing limited liability companies.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance	 	 
	 
	 	 	 	 	 	 	 	 





	 	 	 	 	 	 	 	 	 
	 	 	HOVNANIAN LAND INVESTMENT GROUP OF TEXAS, L.L.C.
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Homes — DFW, L.L.C., as the sole member of the foregoing
limited liability company.
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	K. Hovnanian Holdings NJ, L.L.C., as the sole
member of the foregoing limited liability
company.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
PAGE 33 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN AT NEW WINDSOR, L.L.C.
	 
	 	 	 	 	 	 
	 	 	BUILDER SERVICES NY, L.L.C.
	 
	 	 	 	 	 	 
	 	 	K. HOVNANIAN’S FOUR SEASONS AT HAMPTONBURGH, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian at Northern Westchester, Inc., as the sole member of each
of the foregoing limited liability companies.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 
	 	 	K. HOVNANIAN DELAWARE ACQUISITIONS, L.L.C.
	 
	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES OF DELAWARE, L.L.C.
	 
	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES AT NASSAU GROVE, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Delaware, Inc., as the sole member of
the foregoing limited liability company.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
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	 	 	K. HOVNANIAN AT MENIFEE
VALLEY CONDOMINIUMS, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian’s Four Seasons At Menifee Valley, L.L.C.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 
	 	 	HOVNANIAN LAND INVESTMENT GROUP OF NORTH CAROLINA, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of North Carolina, Inc., as the sole member
of the foregoing limited liability company.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
PAGE 35 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN’S FOUR SEASONS AT BAILEY’S GLENN, L.L.C.
	 
	 	 	 	 	 	 
	 	 	K. HOVNANIAN’S FOUR SEASONS AT RENAISSANCE, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Homes of North Carolina, Inc. as the sole member of the
foregoing limited liability companies
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
PAGE 36 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN HOMES OF INDIANA, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Indiana, Inc., as the sole member of the
foregoing limited liability company.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 
	 	 	K. HOVNANIAN SUMMIT HOMES OF KENTUCKY, L.L.C.
	 
	 	 	 	 	 	 
	 	 	MIDWEST BUILDING PRODUCTS & CONTRACTOR SERVICES OF KENTUCKY,
L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Kentucky, Inc., as the sole member of
the foregoing limited liability companies.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE PAGE 17 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN CONNECTICUT ACQUISITIONS, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Connecticut, Inc., as the sole member of
the foregoing limited liability company.
	 

	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 
	 	 	K. HOVNANIAN T&C HOMES AT ILLINOIS, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Illinois, Inc., as the sole member of
the foregoing limited liability company.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 
	 	 	HOVNANIAN LAND INVESTMENT GROUP OF GEORGIA, L.L.C
	 

	 	 	K. HOVNANIAN HOMES OF GEORGIA, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian Developments of Georgia, Inc., as the sole member of
each of the foregoing limited liability companies.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
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	 	 	WESTMINSTER HOMES OF ALABAMA, L.L.C.
	 
	 	 	 	 	 	 
	 	 	WESTMINSTER HOMES OF MISSISSIPPI, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	Washington Homes, Inc., as sole member of each of the foregoing limited
liability companies.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 





	 	 	 	 	 	 	 
	 	 	K. HOVNANIAN AT EWING, L.L.C.
	 
	 	 	 	 	 	 
	 	 	By:	 	K. Hovnanian at Lakewood, Inc., as sole member
of the foregoing limited liability company
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance






 









 




[SIGNATURE
PAGE 39 OF 39 TO THE THIRD LIEN IP SECURITY AGREEMENT]





	 	 	 	 	 	 	 
	 	 	M&M INVESTMENTS, L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	The Matzel & Mumford Organization, Inc., as general partner of the
foregoing limited partnership.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	David G. Valiaveedan

Vice-President — Finance
	 
	 	 	 	 	 	 
	 	 	Address for Notices for each of the foregoing Pledgors:
	 
	 	 	 	 	 	 
	 	 	c/o K. Hovnanian Enterprises, Inc.
	 	 	110 West Front St., P.O. Box 500
	 	 	Red Bank, NJ 07701
	 	 	Attention: David G. Valiaveedan
	 	 	Telephone: (732) 747-7800
	 	 	Telecopy: (732) 747-6835






 









 





SCHEDULE A

TO

INTELLECTUAL PROPERTY SECURITY AGREEMENT


LIST OF REGISTERED PATENTS, TRADEMARKS AND COPYRIGHTS





	1.	 	Registered Patents:       None.
	 
	2.	 	Trademarks:      [see attached]
	 
	3.	 	Copyrights:      None.