ex_178865.htm


Exhibit 4.1


Execution Version


 


 


 


FOURTH SUPPLEMENTAL INDENTURE


 


dated as of March 25, 2020


 


among


 


K. HOVNANIAN ENTERPRISES, INC.,


 


HOVNANIAN ENTERPRISES, INC.,


 


The Other Guarantors Party Hereto


 


and


 


WILMINGTON TRUST, NATIONAL ASSOCIATION


 


as Trustee and Collateral Agent


 




 


11.25% Senior Secured 1.5 Lien Notes due 2026


 


 


 


 


 


 





 










 








 


THIS FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into as of March 25, 2020 (the “Additional Securities Issue Date”), among K. Hovnanian Enterprises, Inc., a California corporation (the “Issuer”), Hovnanian Enterprises, Inc., a Delaware corporation (the “Company”), each of the other guarantors listed on Schedule I hereto (the “Subsidiary Guarantors” and, together with the Company, the “Guarantors”) and Wilmington Trust, National Association, a national banking association, as Trustee (the “Trustee”) and as Collateral Agent (the “Collateral Agent”).


 


RECITALS


 


WHEREAS, the Issuer, the Company, the subsidiary guarantors party thereto, the Trustee and the Collateral Agent entered into an Indenture, dated as of October 31, 2019 (as amended and supplemented to the date hereof, the “Indenture”), providing for the issuance of the Issuer’s 11.25% Senior Secured 1.5 Lien Notes due 2026 (the “Notes”), initially in the aggregate principal amount of $103,141,000 (the “Initial Notes”);


 


WHEREAS, pursuant to the Indenture, the Issuer and the Guarantors may incur up to $168.0 million of 1.5 Lien Obligations, including the Initial Notes and any Additional Notes (and the guarantees thereof), with the consent of the Holders of at least 662⁄3% in principal amount of the outstanding Initial Notes (the “Consents”);


 


WHEREAS, the Issuer has received and delivered to the Trustee written evidence of the Consents from Holders of more than 662⁄3% in principal amount of the outstanding Initial Notes to effect the amendments to the Indenture set forth in Section 2 hereof (collectively, the “Amendment”), which Amendment shall be deemed to be effective and operative immediately prior to the issuance of the Additional Securities (as defined below) hereunder;


 


WHEREAS, the issuance and sale of Additional Notes in the aggregate principal amount of $59,128,000 (the “Additional Securities”) and the execution and delivery of this Supplemental Indenture have been authorized by resolutions adopted by the Board of Directors of the Issuer and all things necessary to make this Supplemental Indenture a valid, binding and enforceable agreement of the Issuer, in accordance with its terms, have been done, and the Issuer has done all things necessary to make the Additional Securities, when duly issued and executed by the Issuer and authenticated and delivered by the Trustee, the valid, binding and enforceable obligations of the Issuer as hereinafter provided;


 


WHEREAS, the guarantees of the Additional Securities and the execution and delivery of this Supplemental Indenture by the Company and the Subsidiary Guarantors have been duly authorized by the Boards of Directors of the Company and such Subsidiary Guarantors (or the ultimate managing member or sole member of such Subsidiary Guarantors, as applicable) and all things necessary to make this Supplemental Indenture a valid, binding and enforceable agreement of each Guarantor, in accordance with its terms, have been done, and each Guarantor has done all things necessary to make the Guarantees of the Additional Securities when duly issued and executed by each Guarantor and when the Additional Securities have been duly issued and executed by the Issuer and have been authenticated and delivered by the Trustee, the valid, binding and enforceable obligation of such Guarantor as hereinafter provided;


 





 










 








 


WHEREAS, Section 2.2 and Article IX of the Indenture provide that the Issuer, the Company, the Subsidiary Guarantors, the Trustee and the Collateral Agent are authorized to execute and deliver this Supplemental Indenture to provide for the issuance of the Additional Securities;


 


WHEREAS, the Issuer, the Company and the Subsidiary Guarantors have complied with all conditions precedent provided for in the Indenture relating to this Supplemental Indenture;


 


WHEREAS, the Additional Securities and the Initial Notes shall vote together and shall be treated as a single class for all purposes under the Indenture (as supplemented by this Supplemental Indenture), including, without limitation, waivers, amendments, redemptions and offers to purchase;


 


WHEREAS, all other acts and proceedings required by law, by the Indenture and by the organizational documents of the Issuer, the Company and the Subsidiary Guarantors to make this Supplemental Indenture a valid, binding and enforceable agreement for the purposes expressed herein, in accordance with its terms, have been duly done and performed; and


 


WHEREAS, the Issuer and the Company have requested that the Trustee and the Collateral Agent execute and deliver this Supplemental Indenture.


 


AGREEMENT


 


NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Issuer, the Company, the Subsidiary Guarantors, the Trustee and the Collateral Agent mutually covenant and agree for the equal and ratable benefit of the holders of the Additional Securities as follows:


 


SECTION 1. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture.


 


SECTION 2. Amendment to the Indenture. Subclause (y) of clause (i)(c) of the definition of “Permitted Liens” set forth in the Indenture is hereby amended and restated in its entirety as follows:


 


“(y) the aggregate amount of Indebtedness secured by Liens pursuant to clause (c)(i) shall not exceed $162,269,000 without the consent of Holders of at least 662⁄3% in principal amount of the outstanding Notes;”.


 


SECTION 3. Issuance of Additional Securities. The following terms relating to the Additional Securities are hereby established:


 


The aggregate principal amount of the Additional Securities that may be authenticated and delivered under this Supplemental Indenture shall be $59,128,000.


 


The date from which interest shall accrue on the Additional Securities shall be February 15, 2020. The Additional Securities shall have the other terms set forth in the form of global note attached hereto as Exhibit A and shall be issued as one or more Global Notes.


 





2










 








 


The Additional Securities shall (i) be Additional Notes constituting and being treated as a single class with the Initial Notes for all purposes of the Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase and (ii) be fungible with the Initial Notes (including for tax purposes).


 


The Additional Securities shall be considered Additional Notes issued pursuant to Section 2.2 of the Indenture.


 


SECTION 3. The Additional Securities and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A attached hereto. The Additional Securities shall be executed on behalf of each of the Issuer, the Company and the Subsidiary Guarantors and authenticated by the Trustee pursuant to Section 2.2 of the Indenture.


 


SECTION 4. The Issuer and each Guarantor shall take all appropriate steps to cause the Additional Securities to be Pari Secured Debt Obligations (subject to Permitted Liens), pursuant to, and to the extent required by, the Security Documents and the Indenture as supplemented by this Supplemental Indenture.


 


SECTION 5. The Amendment set forth in Section 2 hereof will be deemed to be effective and operative immediately upon execution and delivery of this Supplemental Indenture and prior to the issuance of the Additional Securities.


 


SECTION 6. This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.


 


SECTION 7. This Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument.


 


SECTION 8. This Supplemental Indenture is an amendment supplemental to the Indenture (as amended and supplemented to the date hereof) and the Indenture and this Supplemental Indenture will henceforth be read together.


 


SECTION 9. Except as expressly provided herein, all of the terms, provisions and conditions of the Indenture and the Notes shall remain in full force and effect.


 


SECTION 10. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the Recitals contained herein, all of which are made solely by the Issuer, the Company and each of the Subsidiary Guarantors.


 


[Signature page follows]


 





3










 








 


IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.


 


	 	
			K. HOVNANIAN ENTERPRISES, INC.,


			as Issuer

			
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/ David Bachstetter	 
	 	 	Name:	David Bachstetter	 
	 	 	Title:	Vice President, Finance and Treasurer	 
	 	 	 	 	 
	 	
			HOVNANIAN ENTERPRISES, INC., as the Company and a Guarantor

			
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/ David Bachstetter	 
	 	 	Name:	David Bachstetter	 
	 	 	Title:	Vice President, Finance and Treasurer	 
	 	 	 	 	 
	 	
			K. HOV IP, II, INC., as a Guarantor

			
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/ David Bachstetter	 
	 	 	Name:	David Bachstetter	 
	 	 	Title:	Chief Executive Officer and Treasurer	 
	 	 	 	 	 
	 	On behalf of each of the entities listed on Schedule I hereto	 
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/ David Bachstetter	 
	 	 	Name:	David Bachstetter	 
	 	 	Title:	Vice President, Finance and Treasurer	 
	 	 	 	 	 
	 	 	 	 	 
	 	
			WILMINGTON TRUST, NATIONAL


			ASSOCIATION, as Trustee and Collateral Agent

			
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/ Nedine P. Sutton	 
	 	 	Name:	Nedine P. Sutton	 
	 	 	Title:	Vice President	 



 





 










 








 


SCHEDULE I


Subsidiary Guarantors


 


 


2700 EMPIRE, LLC


AMBER RIDGE, LLC


ARBOR TRAILS, LLC


BUILDER SERVICES NJ, L.L.C.


BUILDER SERVICES PA, L.L.C.


EASTERN NATIONAL ABSTRACT, INC.


EASTERN NATIONAL TITLE AGENCY ARIZONA, LLC


EASTERN NATIONAL TITLE AGENCY FLORIDA, LLC


EASTERN NATIONAL TITLE AGENCY ILLINOIS, LLC


EASTERN NATIONAL TITLE AGENCY MARYLAND, LLC


EASTERN NATIONAL TITLE AGENCY VIRGINIA, INC.


EASTERN NATIONAL TITLE AGENCY, INC.


F&W MECHANICAL SERVICES, L.L.C.


GLENRISE GROVE, L.L.C.


GTIS-HOV DULLES PARKWAY PARENT LLC


GTIS-HOV FESTIVAL LAKES LLC


GTIS-HOV GREENFIELD CROSSING PARENT LLC


GTIS-HOV HOLDINGS LLC


GTIS-HOV POSITANO LLC


GTIS-HOV RANCHO 79 LLC


GTIS-HOV RESIDENCES AT DULLES PARKWAY LLC


GTIS-HOV RESIDENCES AT GREENFIELD CROSSING LLC


GTIS-HOV VILLAGES AT PEPPER MILL LLC


GTIS-HOV WARMINSTER LLC


HOMEBUYERS FINANCIAL SERVICES, L.L.C.


HOMEBUYERS FINANCIAL USA, LLC


HOVNANIAN DEVELOPMENTS OF FLORIDA, INC.


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


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


HOVNANIAN LAND INVESTMENT GROUP, L.L.C.


HOVSITE CATALINA LLC


HOVSITE CHURCHILL CLUB LLC


HOVSITE CIDER GROVE LLC


HOVSITE FIRENZE LLC


HOVSITE GREENWOOD MANOR LLC


HOVSITE HUNT CLUB LLC


HOVSITE IRISH PRAIRIE LLC


HOVSITE LIBERTY LAKES LLC


HOVSITE MONTEVERDE 1 & 2 LLC


HOVSITE MONTEVERDE 3 & 4 LLC


HOVSITE PROVIDENCE LLC


HOVSITE SOUTHAMPTON LLC


K. HOVNANIAN ABERDEEN, LLC


 





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K. HOVNANIAN ACQUISITIONS, INC.


K. HOVNANIAN AMBER GLEN, LLC


K. HOVNANIAN ARIZONA NEW GC, LLC


K. HOVNANIAN ARIZONA OPERATIONS, LLC


K. HOVNANIAN ASBURY POINTE, LLC


K. HOVNANIAN ASPIRE AT BELLEVUE RANCH, LLC


K. HOVNANIAN ASPIRE AT MORRIS WOODS, LLC


K. HOVNANIAN ASPIRE AT RIVER TERRACE, LLC


K. HOVNANIAN ASPIRE AT WATERSTONE, LLC


K. HOVNANIAN AT 23 NORTH, LLC


K. HOVNANIAN AT 240 MISSOURI, LLC


K. HOVNANIAN AT ACACIA PLACE, LLC


K. HOVNANIAN AT AIRE ON MCDOWELL, LLC


K. HOVNANIAN AT ALEXANDER LAKES, LLC


K. HOVNANIAN AT ALISO, LLC


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


K. HOVNANIAN AT AMBERLEY WOODS, LLC


K. HOVNANIAN AT ANDALUSIA, LLC


K. HOVNANIAN AT ASBURY PARK URBAN RENEWAL, LLC


K. HOVNANIAN AT ASHBY PLACE, LLC


K. HOVNANIAN AT ASHLEY POINTE LLC


K. HOVNANIAN AT AUTUMN RIDGE, LLC


K. HOVNANIAN AT AVENIR, LLC


K. HOVNANIAN AT BAKERSFIELD 463, L.L.C.


K. HOVNANIAN AT BALTIC & AEGEAN ASBURY PARK, LLC


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


K. HOVNANIAN AT BEACON PARK AREA 129 II, LLC


K. HOVNANIAN AT BEACON PARK AREA 129, LLC


K. HOVNANIAN AT BEACON PARK AREA 137, LLC


K. HOVNANIAN AT BENSEN'S MILL ESTATES, LLC


K. HOVNANIAN AT BLACKSTONE, LLC


K. HOVNANIAN AT BOCA DUNES, LLC


K. HOVNANIAN AT BRADWELL ESTATES, LLC


K. HOVNANIAN AT BRANCHBURG II, LLC


K. HOVNANIAN AT BRANCHBURG, L.L.C.


K. HOVNANIAN AT BRANCHBURG-VOLLERS, LLC


K. HOVNANIAN AT BRENFORD STATION, LLC


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


K. HOVNANIAN AT BRITTANY MANOR BORROWER, LLC


K. HOVNANIAN AT BRITTANY MANOR, LLC


K. HOVNANIAN AT BURCH KOVE, LLC


K. HOVNANIAN AT CADENCE PARK, LLC


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


K. HOVNANIAN AT CANTER V, LLC


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


K. HOVNANIAN AT CARLSBAD, LLC


 





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K. HOVNANIAN AT CATANIA, LLC


K. HOVNANIAN AT CATON'S RESERVE, LLC


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


K. HOVNANIAN AT CEDAR LANE ESTATES, LLC


K. HOVNANIAN AT CEDAR LANE, LLC


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


K. HOVNANIAN AT CHRISTINA COURT, LLC


K. HOVNANIAN AT CHURCHILL FARMS LLC


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


K. HOVNANIAN AT COOSAW POINT, LLC


K. HOVNANIAN AT CORAL LAGO, LLC


K. HOVNANIAN AT DEER RIDGE, LLC


K. HOVNANIAN AT DOMINION CROSSING, LLC


K. Hovnanian At Dorado at Twelve Bridges, LLC


K. HOVNANIAN AT DOYLESTOWN, LLC


K. HOVNANIAN AT DUNELLEN URBAN RENEWAL, LLC


K. HOVNANIAN AT EAGLE HEIGHTS, LLC


K. HOVNANIAN AT EAST BRUNSWICK III, LLC


K. HOVNANIAN AT EAST BRUNSWICK, LLC


K. HOVNANIAN AT EAST WINDSOR, LLC


K. HOVNANIAN AT EDEN TERRACE, L.L.C.


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


K. HOVNANIAN AT EL DORADO RANCH II, L.L.C.


K. HOVNANIAN AT EL DORADO RANCH, L.L.C.


K. HOVNANIAN AT EMBREY MILL VILLAGE, LLC


K. HOVNANIAN AT EMBREY MILL, LLC


K. HOVNANIAN AT ESTATES AT WHEATLANDS, LLC


K. HOVNANIAN AT ESTATES OF CHANCELLORSVILLE, LLC


K. HOVNANIAN AT ESTATES OF FOX CHASE, LLC


K. HOVNANIAN AT FAIRFIELD RIDGE, LLC


K. HOVNANIAN AT FIDDYMENT RANCH, LLC


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 FOX PATH AT HAMPTON LAKE, LLC


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


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


K. HOVNANIAN AT FREEHOLD TOWNSHIP III, LLC


K. HOVNANIAN AT FRESNO, LLC


K. HOVNANIAN AT GALLERY, LLC


K. HOVNANIAN AT GALLOWAY RIDGE, LLC


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


K. HOVNANIAN AT GILROY 60, LLC


K. HOVNANIAN AT GILROY, LLC


K. HOVNANIAN AT GRANDE PARK, LLC


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


 





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


K. HOVNANIAN AT HAMMOCK BREEZE, LLC


K. HOVNANIAN AT HAMPTON COVE, LLC


K. HOVNANIAN AT HAMPTON LAKE, LLC


K. Hovnanian at Hampton Run, LLC


K. HOVNANIAN AT HANOVER ESTATES, LLC


K. HOVNANIAN AT HERSHEY'S MILL, INC.


K. HOVNANIAN AT HIDDEN BROOK, LLC


K. HOVNANIAN AT HIDDEN LAKE, LLC


K. HOVNANIAN AT HIGHLAND PARK, LLC


K. HOVNANIAN AT HILLSBOROUGH, LLC


K. HOVNANIAN AT HILLTOP RESERVE II, LLC


K. HOVNANIAN AT HILLTOP RESERVE, LLC


K. HOVNANIAN AT HOLLY RIDGE, LLC


K. HOVNANIAN AT HOWELL FORT PLAINS, LLC


K. HOVNANIAN AT HOWELL II, LLC


K. HOVNANIAN AT HOWELL, LLC


K. HOVNANIAN AT HUDSON POINTE, L.L.C.


K. HOVNANIAN AT HUNTER'S POND, LLC


K. HOVNANIAN AT HUNTFIELD, LLC


K. HOVNANIAN AT INDIAN WELLS, LLC


K. HOVNANIAN AT ISLAND LAKE, LLC


K. HOVNANIAN AT JACKS RUN, LLC


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


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


K. HOVNANIAN AT JAEGER RANCH, LLC


K. HOVNANIAN AT LA LAGUNA, L.L.C.


K. HOVNANIAN AT LAKE BURDEN, LLC


K. HOVNANIAN AT LAKE FLORENCE, LLC


K. HOVNANIAN AT LAKE LECLARE, LLC


K. HOVNANIAN AT LAKE RIDGE ESTATES, LLC


K. HOVNANIAN AT LAKES AT NEW RIVERSIDE, LLC


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


K. HOVNANIAN AT LENAH WOODS, LLC


K. HOVNANIAN AT LIBERTY HILL FARM, LLC


K. HOVNANIAN AT LILY ORCHARD, LLC


K. HOVNANIAN AT LINK CROSSING, LLC


K. HOVNANIAN AT LITTLE EGG HARBOR TOWNSHIP II, 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 LUKE LANDING, LLC


K. HOVNANIAN AT LUNA VISTA, LLC


K. HOVNANIAN AT MADISON SQUARE, LLC


K. HOVNANIAN AT MAGNOLIA PLACE, LLC


K. HOVNANIAN AT MAIN STREET SQUARE, LLC


 





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


K. HOVNANIAN AT MANALAPAN CROSSING, LLC


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


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


K. HOVNANIAN AT MANALAPAN IV, LLC


K. HOVNANIAN AT MANALAPAN RIDGE, LLC


K. HOVNANIAN AT MANALAPAN V, LLC


K. HOVNANIAN AT MANALAPAN VI, LLC


K. HOVNANIAN AT MANTECA, LLC


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


K. HOVNANIAN AT MAPLE HILL LLC


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


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


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


K. HOVNANIAN AT MARYLAND RIDGE, LLC


K. HOVNANIAN AT MEADOWRIDGE VILLAS, LLC


K. HOVNANIAN AT MELANIE MEADOWS, LLC


K. HOVNANIAN AT MELODY FARM, LLC


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


K. HOVNANIAN AT MERIDIAN HILLS, LLC


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


K. HOVNANIAN AT MIDDLETOWN III, LLC


K. HOVNANIAN AT MIDDLETOWN, LLC


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


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


K. HOVNANIAN AT MONROE NJ II, LLC


K. HOVNANIAN AT MONROE NJ III, LLC


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


K. HOVNANIAN AT MONTANA VISTA DOBBINS, LLC


K. HOVNANIAN AT MONTANA VISTA, LLC


K. HOVNANIAN AT MONTGOMERY, LLC


K. HOVNANIAN AT MONTVALE II, LLC


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


K. HOVNANIAN AT MORRIS TWP II, LLC


K. HOVNANIAN AT MORRIS TWP, LLC


K. HOVNANIAN AT MUIRFIELD, LLC


K. HOVNANIAN AT MYSTIC DUNES, LLC


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 IV, L.L.C.


K. HOVNANIAN AT NORTH GROVE CROSSING, LLC


K. HOVNANIAN AT NORTH HILL, LLC


K. HOVNANIAN AT NORTH POINTE ESTATES LLC


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


 





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


K. HOVNANIAN AT NORTHRIDGE ESTATES, LLC


K. HOVNANIAN AT NORTON LAKE LLC


K. HOVNANIAN AT NOTTINGHAM MEADOWS, LLC


K. HOVNANIAN AT OAK POINTE, LLC


K. HOVNANIAN AT OAKLAND, LLC


K. HOVNANIAN AT OCEAN VIEW BEACH CLUB, LLC


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


K. HOVNANIAN AT OLD BRIDGE II, LLC


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


K. HOVNANIAN AT ORCHARD MEADOWS, LLC


K. HOVNANIAN AT PALM VALLEY, L.L.C.


K. HOVNANIAN AT PARK PASEO, LLC


K. HOVNANIAN AT PARKSIDE, LLC


K. HOVNANIAN AT PARSIPPANY, L.L.C.


K. HOVNANIAN AT PAVILION PARK, LLC


K. HOVNANIAN AT PELHAM'S REACH, LLC


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


K. HOVNANIAN AT PIAZZA SERENA, L.L.C


K. HOVNANIAN AT PICKETT RESERVE, LLC


K. HOVNANIAN AT PINCKNEY FARM, LLC


K. HOVNANIAN AT PLANTATION LAKES, L.L.C.


K. HOVNANIAN AT POINTE 16, LLC


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


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


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


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


K. HOVNANIAN AT POSITANO, LLC


K. HOVNANIAN AT PRAIRIE POINTE, LLC


K. HOVNANIAN AT QUAIL CREEK, L.L.C.


K. HOVNANIAN AT RANCHO CABRILLO, LLC


K. HOVNANIAN AT RANDALL HIGHLANDS, LLC


K. HOVNANIAN AT RAPHO, L.L.C


K. HOVNANIAN AT RAYMOND FARM, LLC


K. HOVNANIAN AT REDTAIL, LLC


K. HOVNANIAN AT RESERVES AT WHEATLANDS, LLC


K. HOVNANIAN AT RESIDENCE AT DISCOVERY SQUARE, LLC


K. HOVNANIAN AT RETREAT AT MILLSTONE, LLC


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


K. HOVNANIAN AT RIVER HILLS, LLC


K. HOVNANIAN AT ROCK LEDGE, LLC


K. HOVNANIAN AT ROCKLAND VILLAGE GREEN, LLC


K. HOVNANIAN AT ROCKY RUN VILLAGE, LLC


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


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


K. HOVNANIAN AT SAGEBROOK, LLC


 





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K. HOVNANIAN AT SANTA NELLA, LLC


K. HOVNANIAN AT SAWMILL, INC.


K. HOVNANIAN AT SCOTTSDALE HEIGHTS, LLC


K. HOVNANIAN AT SEABROOK, LLC


K. HOVNANIAN AT SEASONS LANDING, LLC


K. HOVNANIAN AT SHELDON GROVE, LLC


K. HOVNANIAN AT SHREWSBURY, LLC


K. HOVNANIAN AT SIENNA HILLS, LLC


K. HOVNANIAN AT SIERRA VISTA, LLC


K. HOVNANIAN AT SIGNAL HILL, LLC


K. HOVNANIAN AT SILVER LEAF, LLC


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


K. HOVNANIAN AT SILVERSTONE G, LLC


K. HOVNANIAN AT SILVERSTONE, LLC


K. HOVNANIAN AT SILVERWOOD GLEN, LLC


K. HOVNANIAN AT SKYE ISLE, LLC


K. HOVNANIAN AT SKYE ON MCDOWELL, LLC


K. HOVNANIAN AT SMITHVILLE, INC.


K. HOVNANIAN AT SOLARE, LLC


K. HOVNANIAN AT SOMERSET, LLC


K. HOVNANIAN AT SOUTH BRUNSWICK II, LLC


K. HOVNANIAN AT SOUTH BRUNSWICK III, LLC


K. HOVNANIAN AT SOUTH BRUNSWICK IV, LLC


K. HOVNANIAN AT SPRING ISLE, LLC


K. HOVNANIAN AT STANTON, LLC


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


K. HOVNANIAN AT SUMMERLAKE, LLC


K. Hovnanian at Sun City West, LLC


K. HOVNANIAN AT SUNRIDGE PARK, LLC


K. HOVNANIAN AT SUNRISE TRAIL II, LLC


K. HOVNANIAN AT SUNRISE TRAIL III, LLC


K. HOVNANIAN AT TAMARACK SOUTH LLC


K. HOVNANIAN AT TANGLEWOOD OAKS, LLC


K. HOVNANIAN AT TERRA BELLA TWO, LLC


K. HOVNANIAN AT THE BOULEVARDS AT WESTFIELDS, LLC


K. HOVNANIAN AT THE COMMONS AT RICHMOND HILL, LLC


K. HOVNANIAN AT THE HIGHLANDS AT SUMMERLAKE GROVE, LLC


K. HOVNANIAN AT THE MEADOWS 9, LLC


K. HOVNANIAN AT THE MEADOWS, LLC


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


K. HOVNANIAN AT THE PROMENADE AT BEAVER CREEK, LLC


K. HOVNANIAN AT THOMPSON RANCH, LLC


K. HOVNANIAN AT TOWER HILL, LLC


K. HOVNANIAN AT TOWNES AT COUNTY CENTER, LLC


K. HOVNANIAN AT TRAFFORD PLACE, LLC


K. HOVNANIAN AT TRAIL RIDGE, LLC


 





I-7










 








 


K. HOVNANIAN AT TRAMORE LLC


K. HOVNANIAN AT UNION PARK, LLC


K. HOVNANIAN AT UPPER PROVIDENCE, LLC


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


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


K. HOVNANIAN AT VALLE DEL SOL, LLC


K. HOVNANIAN AT VALLETTA, LLC


K. HOVNANIAN AT VENTANA LAKES, LLC


K. HOVNANIAN AT VERONA ESTATES, LLC


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


K. HOVNANIAN AT VERRADO CASCINA, LLC


K. HOVNANIAN AT VERRADO MARKETSIDE, LLC


K. HOVNANIAN AT VICTORVILLE, L.L.C.


K. HOVNANIAN AT VILLAGE CENTER, LLC


K. HOVNANIAN AT VILLAGE OF ROUND HILL, LLC


K. HOVNANIAN AT VILLAGES AT COUNTRY VIEW, LLC


K. HOVNANIAN AT VILLAS AT THE COMMONS, LLC


K. HOVNANIAN AT VINEYARD HEIGHTS, LLC


K. HOVNANIAN AT VISTA DEL SOL, L.L.C.


K. HOVNANIAN AT VISTA LAGO, LLC


K. HOVNANIAN AT WADE'S GRANT, L.L.C.


K. HOVNANIAN AT WALDWICK, LLC


K. HOVNANIAN AT WALKERS GROVE, LLC


K. HOVNANIAN AT WALL DONATO, LLC


K. HOVNANIAN AT WALL QUAIL RIDGE, LLC


K. HOVNANIAN AT WARREN TOWNSHIP II, LLC


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


K. HOVNANIAN AT WATERFORD, LLC


K. HOVNANIAN AT WATERSTONE, LLC


K. HOVNANIAN AT WELLSPRINGS, LLC


K. HOVNANIAN AT WEST VIEW ESTATES, L.L.C.


K. HOVNANIAN AT WESTBROOK, LLC


K. HOVNANIAN AT WESTSHORE, LLC


K. HOVNANIAN AT WHEELER RANCH, LLC


K. HOVNANIAN AT WHEELER WOODS, LLC


K. HOVNANIAN AT WHITEMARSH, LLC


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


K. HOVNANIAN AT WILLOWSFORD GREENS III, LLC


K. HOVNANIAN AT WOODCREEK WEST, LLC


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


K. HOVNANIAN BELDEN POINTE, LLC


K. HOVNANIAN BELMONT RESERVE, LLC


K. Hovnanian Buckeye Ridge, LLC


K. HOVNANIAN BUILD ON YOUR LOT DIVISION, LLC


K. HOVNANIAN CA LAND HOLDINGS, LLC


K. HOVNANIAN CALIFORNIA NEW GC, LLC


 





I-8










 








 


K. HOVNANIAN CALIFORNIA OPERATIONS, INC.


K. HOVNANIAN CALIFORNIA REGION, INC.


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


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


K. HOVNANIAN CHICAGO DIVISION, INC.


K. HOVNANIAN CLASSICS, L.L.C.


K. HOVNANIAN COMMUNITIES, INC.


K. HOVNANIAN COMPANIES OF ARIZONA, LLC


K. HOVNANIAN COMPANIES OF FLORIDA, LLC


K. HOVNANIAN COMPANIES OF MARYLAND, INC.


K. HOVNANIAN COMPANIES OF NEW YORK, INC.


K. HOVNANIAN COMPANIES OF SOUTHERN CALIFORNIA, INC.


K. HOVNANIAN COMPANIES, LLC


K. HOVNANIAN CONSTRUCTION II, INC


K. HOVNANIAN CORNERSTONE FARMS, LLC


K. HOVNANIAN CRAFTBUILT HOMES OF SOUTH CAROLINA, L.L.C.


K. HOVNANIAN CYPRESS CREEK, LLC


K. HOVNANIAN CYPRESS KEY, LLC


K. HOVNANIAN D.C. GROUP, LLC


K. HOVNANIAN DELAWARE DIVISION, INC.


K. HOVNANIAN DELAWARE NEW GC, LLC


K. HOVNANIAN DELAWARE OPERATIONS, LLC


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


K. HOVNANIAN DEVELOPMENTS OF GEORGIA, INC.


K. HOVNANIAN DEVELOPMENTS OF MINNESOTA, INC.


K. HOVNANIAN DEVELOPMENTS OF NEW YORK, INC.


K. HOVNANIAN DEVELOPMENTS OF NORTH CAROLINA, INC.


K. HOVNANIAN DEVELOPMENTS OF PENNSYLVANIA, INC.


K. HOVNANIAN DEVELOPMENTS OF TEXAS, INC.


K. HOVNANIAN DEVELOPMENTS OF WEST VIRGINIA, INC.


K. Hovnanian DFW Ascend at Justin Crossing, LLC


K. HOVNANIAN DFW HIGHTOWER, LLC


K. HOVNANIAN DFW AUBURN FARMS, LLC


K. HOVNANIAN DFW BAYSIDE, LLC


K. HOVNANIAN DFW BELMONT, LLC


K. HOVNANIAN DFW BERKSHIRE II, LLC


K. HOVNANIAN DFW BERKSHIRE, LLC


K. HOVNANIAN DFW BLUFF CREEK, LLC


K. HOVNANIAN DFW CALLOWAY TRAILS, LLC


K. HOVNANIAN DFW CANYON FALLS, LLC


K. HOVNANIAN DFW CARILLON, LLC


K. HOVNANIAN DFW COMMODORE AT PRESTON, LLC


K. HOVNANIAN DFW COURTS AT BONNIE BRAE, LLC


K. HOVNANIAN DFW CREEKSIDE ESTATES II, LLC


K. HOVNANIAN DFW CREEKSIDE ESTATES, LLC


K. HOVNANIAN DFW DIAMOND CREEK ESTATES, LLC


 





I-9










 








 


K. HOVNANIAN DFW DIVISION, LLC


K. HOVNANIAN DFW ENCORE OF LAS COLINAS II, LLC


K. HOVNANIAN DFW ENCORE OF LAS COLINAS, LLC


K. HOVNANIAN DFW HARMON FARMS, LLC


K. HOVNANIAN DFW HERITAGE CROSSING, LLC


K. HOVNANIAN DFW HERON POND, LLC


K. HOVNANIAN DFW HIGH POINTE, LLC


K. HOVNANIAN DFW HOMESTEAD, LLC


K. HOVNANIAN DFW INSPIRATION, LLC


K. HOVNANIAN DFW LEXINGTON, LLC


K. HOVNANIAN DFW LIBERTY CROSSING II, LLC


K. HOVNANIAN DFW LIBERTY CROSSING, LLC


K. HOVNANIAN DFW LIBERTY, LLC


K. HOVNANIAN DFW LIGHT FARMS II, LLC


K. HOVNANIAN DFW LIGHT FARMS, LLC


K. HOVNANIAN DFW MAXWELL CREEK, LLC


K. HOVNANIAN DFW MIDTOWN PARK, LLC


K. HOVNANIAN DFW MILRANY RANCH, LLC


K. HOVNANIAN DFW MUSTANG LAKES II, LLC


K. HOVNANIAN DFW MUSTANG LAKES, LLC


K. HOVNANIAN DFW OAKMONT PARK, LLC


K. HOVNANIAN DFW PALISADES, LLC


K. HOVNANIAN DFW PARKSIDE, LLC


K. HOVNANIAN DFW PARKVIEW, LLC


K. HOVNANIAN DFW RICHWOODS, LLC


K. HOVNANIAN DFW RIDGEVIEW, LLC


K. HOVNANIAN DFW SANFORD PARK, LLC


K. HOVNANIAN DFW SEVENTEEN LAKES, LLC


K. HOVNANIAN DFW THE PARKS AT ROSEHILL, LLC


K. HOVNANIAN DFW TRAILWOOD II, LLC


K. HOVNANIAN DFW TRAILWOOD, LLC


K. HOVNANIAN DFW VILLAS AT MUSTANG PARK, LLC


K. HOVNANIAN DFW VILLAS AT THE STATION, LLC


K. HOVNANIAN DFW WATSON CREEK, LLC


K. HOVNANIAN DFW WELLINGTON VILLAS, LLC


K. HOVNANIAN DFW WELLINGTON, LLC


K. HOVNANIAN DFW WILDRIDGE, LLC


K. HOVNANIAN EASTERN PENNSYLVANIA, L.L.C.


K. HOVNANIAN EDGEBROOK, LLC


K. HOVNANIAN EDISON GROUP, LLC


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


K. HOVNANIAN ESTATES AT WEKIVA, LLC


K. HOVNANIAN FALLS POINTE, LLC


K. HOVNANIAN FINANCIAL SERVICES GROUP, LLC


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


K. HOVNANIAN FLORIDA NEW GC, LLC


 





I-10










 








 


K. HOVNANIAN FLORIDA OPERATIONS, LLC


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


K. HOVNANIAN FOREST LAKES, LLC


K. HOVNANIAN FOREST VALLEY, LLC


K. HOVNANIAN FOUR SEASONS AT CHESTNUT RIDGE, LLC


K. HOVNANIAN GEORGIA NEW GC, LLC


K. HOVNANIAN GEORGIA OPERATIONS, LLC


K. HOVNANIAN GRAND CYPRESS, LLC


K. HOVNANIAN GRANDEFIELD, LLC


K. HOVNANIAN GREAT WESTERN HOMES, LLC


K. HOVNANIAN HAMPTONS AT OAK CREEK II, L.L.C.


K. HOVNANIAN HIDDEN HOLLOW, LLC


K. HOVNANIAN HIGHLAND RIDGE, LLC


K. HOVNANIAN HOLDINGS NJ, L.L.C.


K. HOVNANIAN HOMES - DFW II, L.L.C.


K. HOVNANIAN HOMES - DFW, L.L.C.


K. HOVNANIAN HOMES AT BROOK MANOR, LLC


K. HOVNANIAN HOMES AT BURKE JUNCTION, LLC


K. HOVNANIAN HOMES AT CREEKSIDE, LLC


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


K. HOVNANIAN HOMES AT JONES STATION 1, L.L.C.


K. HOVNANIAN HOMES AT KNOLLAC ACRES, LLC


K. HOVNANIAN HOMES AT LEIGH MILL, LLC


K. HOVNANIAN HOMES AT PARKSIDE, LLC


K. HOVNANIAN HOMES AT REEDY CREEK, LLC


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


K. HOVNANIAN HOMES AT SALT CREEK LANDING, LLC


K. HOVNANIAN HOMES AT SHELL HALL, LLC


K. HOVNANIAN HOMES AT SHENANDOAH SPRINGS, LLC


K. HOVNANIAN HOMES AT ST. JAMES PLACE, LLC


K. HOVNANIAN HOMES AT THE ABBY, LLC


K. HOVNANIAN HOMES AT THE HIGHLANDS, LLC


K. HOVNANIAN HOMES AT THE PADDOCKS, LLC


K. HOVNANIAN HOMES AT THOMPSON'S GRANT, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD GRANGE, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD GRANT II, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD GRANT, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD GREENS, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD NEW, LLC


K. HOVNANIAN HOMES NORTHERN CALIFORNIA, INC.


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


K. HOVNANIAN HOMES OF DELAWARE I, LLC


K. HOVNANIAN HOMES OF FLORIDA I, LLC


K. HOVNANIAN HOMES OF LONGACRE VILLAGE, L.L.C.


K. HOVNANIAN HOMES OF MARYLAND I, LLC


K. HOVNANIAN HOMES OF MARYLAND II, LLC


 





I-11










 








 


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


K. HOVNANIAN HOMES OF MINNESOTA AT ARBOR CREEK, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT AUTUMN MEADOWS, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT BRYNWOOD, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT CEDAR HOLLOW, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT FOUNDER'S RIDGE, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT HARPERS STREET WOODS, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT OAKS OF OXBOW, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT REGENT'S POINT, LLC


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


K. HOVNANIAN HOMES OF NORTH CAROLINA, INC.


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


K. HOVNANIAN HOMES OF VIRGINIA I, LLC


K. HOVNANIAN HOUSTON BAYOU OAKS AT WEST OREM, LLC


K. HOVNANIAN HOUSTON CAMBRIDGE HEIGHTS, LLC


K. HOVNANIAN HOUSTON CITY HEIGHTS, LLC


K. HOVNANIAN HOUSTON CREEK BEND, LLC


K. HOVNANIAN HOUSTON DIVISION, LLC


K. HOVNANIAN HOUSTON DRY CREEK VILLAGE, LLC


K. HOVNANIAN HOUSTON ELDRIDGE PARK, LLC


K. HOVNANIAN HOUSTON GREATWOOD LAKE, LLC


K. HOVNANIAN HOUSTON KATY POINTE, LLC


K. HOVNANIAN HOUSTON LAKES OF BELLA TERRA WEST, LLC


K. HOVNANIAN HOUSTON LAUREL GLEN, LLC


K. HOVNANIAN HOUSTON MAGNOLIA CREEK, LLC


K. HOVNANIAN HOUSTON MIDTOWN PARK I, LLC


K. HOVNANIAN HOUSTON PARK LAKES EAST, LLC


K. HOVNANIAN HOUSTON PARKWAY TRAILS, LLC


K. HOVNANIAN HOUSTON PROPERTY I, LLC


K. HOVNANIAN HOUSTON PROPERTY II, LLC


K. HOVNANIAN HOUSTON RIVER FARMS, LLC


K. HOVNANIAN HOUSTON SUNSET RANCH, LLC


K. HOVNANIAN HOUSTON TERRA DEL SOL, LLC


K. HOVNANIAN HOUSTON THUNDER BAY SUBDIVISION, LLC


K. HOVNANIAN HOUSTON TRANQUILITY LAKE ESTATES, LLC


K. HOVNANIAN HOUSTON WOODSHORE, LLC


K. HOVNANIAN ILLINOIS NEW GC, LLC


K. HOVNANIAN ILLINOIS OPERATIONS, LLC


K. HOVNANIAN INDIAN TRAILS, LLC


K. HOVNANIAN IVY TRAIL, LLC


K. HOVNANIAN JV HOLDINGS, L.L.C.


K. HOVNANIAN JV SERVICES COMPANY, L.L.C.


K. HOVNANIAN LADUE RESERVE, LLC


K. HOVNANIAN LAKE GRIFFIN RESERVE, LLC


K. HOVNANIAN LAKE PARKER, LLC


K. HOVNANIAN LAKES OF GREEN, LLC


 





I-12










 








 


K. HOVNANIAN LANDINGS 40S, LLC


K. HOVNANIAN LEGACY AT VIA BELLA, LLC


K. HOVNANIAN LIBERTY ON BLUFF CREEK, LLC


K. HOVNANIAN MAGNOLIA AT WESTSIDE, LLC


K. HOVNANIAN MANALAPAN ACQUISITION, LLC


K. HOVNANIAN MARYLAND DIVISION, LLC


K. HOVNANIAN MARYLAND REGION, INC.


K. HOVNANIAN MEADOW LAKES, LLC


K. HOVNANIAN MEADOW VIEW AT MOUNTAIN HOUSE, LLC


K. HOVNANIAN MONARCH GROVE, LLC


K. HOVNANIAN MONTCLAIRE ESTATES, LLC


K. HOVNANIAN NEW JERSEY NEW GC, LLC


K. HOVNANIAN NEW JERSEY OPERATIONS, LLC


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


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


K. HOVNANIAN NORTHEAST DIVISION, INC.


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


K. HOVNANIAN NORTHERN CALIFORNIA DIVISION, LLC


K. HOVNANIAN NORTHERN OHIO DIVISION, LLC


K. HOVNANIAN NORTHPOINTE 40S, LLC


K. HOVNANIAN NORTON PLACE, LLC


K. HOVNANIAN OCOEE LANDINGS, LLC


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


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


K. HOVNANIAN OHIO NEW GC, LLC


K. HOVNANIAN OHIO OPERATIONS, LLC


K. HOVNANIAN OHIO REALTY, L.L.C.


K. HOVNANIAN OHIO REGION, INC.


K. HOVNANIAN OPERATIONS COMPANY, INC.


K. HOVNANIAN ORLANDO DIVISION, LLC


K. HOVNANIAN OSPREY RANCH, LLC


K. HOVNANIAN PA REAL ESTATE, INC.


K. HOVNANIAN PARKVIEW AT STERLING MEADOWS, LLC


K. HOVNANIAN PENNSYLVANIA BUILD ON YOUR LOT DIVISION, LLC


K. HOVNANIAN PENNSYLVANIA NEW GC, LLC


K. HOVNANIAN PENNSYLVANIA OPERATIONS, LLC


K. HOVNANIAN PHOENIX DIVISION, INC.


K. HOVNANIAN PHOENIX GROUP, LLC


K. HOVNANIAN PINEWOOD RESERVE, LLC


K. HOVNANIAN PORT IMPERIAL URBAN RENEWAL, INC.


K. HOVNANIAN PRESERVE AT TURTLE CREEK LLC


K. HOVNANIAN PROPERTIES OF RED BANK, LLC


K. HOVNANIAN REDFERN TRAILS, LLC


K. HOVNANIAN REYNOLDS RANCH, LLC


K. HOVNANIAN RIVENDALE, LLC


K. HOVNANIAN RIVERSIDE, LLC


 





I-13










 








 


K. HOVNANIAN RIVINGTON, LLC


K. HOVNANIAN SAN SEBASTIAN, LLC


K. HOVNANIAN SCHADY RESERVE, LLC


K. HOVNANIAN SERENO, LLC


K. HOVNANIAN SHERWOOD AT REGENCY, LLC


K. HOVNANIAN SOUTH CAROLINA NEW GC, LLC


K. HOVNANIAN SOUTH CAROLINA OPERATIONS, LLC


K. HOVNANIAN SOUTH FORK, LLC


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


K. HOVNANIAN SOUTHEAST COASTAL DIVISION, INC.


K. HOVNANIAN SOUTHEAST FLORIDA DIVISION, LLC


K. HOVNANIAN SOUTHERN CALIFORNIA DIVISION, LLC


K. HOVNANIAN SOUTHERN NEW JERSEY, L.L.C.


K. HOVNANIAN STERLING RANCH, LLC


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


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


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


K. HOVNANIAN TERRALARGO, LLC


K. HOVNANIAN TEXAS OPERATIONS NEW, LLC


K. HOVNANIAN TEXAS OPERATIONS, LLC


K. HOVNANIAN TIMBRES AT ELM CREEK, LLC


K. HOVNANIAN UNION PARK, LLC


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


K. HOVNANIAN VILLAGE GLEN, LLC


K. HOVNANIAN VIRGINIA DIVISION, INC.


K. HOVNANIAN VIRGINIA NEW GC, LLC


K. HOVNANIAN VIRGINIA OPERATIONS, INC.


K. HOVNANIAN WATERBURY, LLC


K. HOVNANIAN WEST VIRGINIA BUILD ON YOUR LOT DIVISION, LLC


K. HOVNANIAN WEST VIRGINIA NEW GC, LLC


K. HOVNANIAN WEST VIRGINIA OPERATIONS, LLC


K. HOVNANIAN WHITE ROAD, LLC


K. HOVNANIAN WINDING BAY PRESERVE, LLC


K. HOVNANIAN WINDWARD HOMES, LLC


K. HOVNANIAN WOODLAND POINTE, LLC


K. HOVNANIAN WOODRIDGE PLACE, LLC


K. Hovnanian's Aegean at Asbury Park, LLC


K. HOVNANIAN'S ASPIRE AT UNION VILLAGE, LLC


K. HOVNANIAN'S COVE AT ASBURY PARK, LLC


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


K. HOVNANIAN'S FOUR SEASONS AT BAYMONT FARMS L.L.C.


K. HOVNANIAN'S FOUR SEASONS AT BEAUMONT, LLC


K. HOVNANIAN'S FOUR SEASONS AT BELLA VISTA, LLC


K. HOVNANIAN'S FOUR SEASONS AT BELLE TERRE, LLC


K. HOVNANIAN'S FOUR SEASONS AT BRIARGATE, LLC


K. HOVNANIAN'S FOUR SEASONS AT CAROLINA OAKS, LLC


 





I-14










 








 


K. HOVNANIAN'S FOUR SEASONS AT COLTS FARM, LLC


K. HOVNANIAN'S FOUR SEASONS AT KENT ISLAND II, LLC


K. HOVNANIAN'S FOUR SEASONS AT LOS BANOS, LLC


K. HOVNANIAN'S FOUR SEASONS AT MALIND BLUFF, LLC


K. HOVNANIAN'S FOUR SEASONS AT MORENO VALLEY, L.L.C.


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


K. HOVNANIAN'S FOUR SEASONS AT NEW LENOX, LLC


K. HOVNANIAN'S FOUR SEASONS AT PALM SPRINGS, LLC


K. HOVNANIAN'S FOUR SEASONS AT RUSH CREEK II, LLC


K. HOVNANIAN'S FOUR SEASONS AT RUSH CREEK, L.L.C.


K. HOVNANIAN'S FOUR SEASONS AT SILVER MAPLE FARM, L.L.C.


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


K. HOVNANIAN'S FOUR SEASONS AT THE MANOR II, LLC


K. HOVNANIAN'S FOUR SEASONS AT THE MANOR, LLC


K. HOVNANIAN'S FOUR SEASONS AT VIRGINIA CROSSING, LLC


K. Hovnanian's Enclave at Old Tappan, LLC


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


K. HOVNANIAN'S PROSPECT PLACE AT MORRISTOWN, LLC


K. HOVNANIAN'S SONATA AT THE PRESERVE, LLC


K. HOVNANIAN'S VERANDA AT RIVERPARK II, LLC


K. HOVNANIAN'S VERANDA AT RIVERPARK, LLC


K. HOVNANIAN'S WOODLANDS AT FREEHOLD, LLC


KHH SHELL HALL LOAN ACQUISITION, LLC


KHOV WINDING BAY II, LLC


LANDARAMA, INC.


LINKS AT CALUSA SPRINGS, LLC


M & M AT MONROE WOODS, L.L.C.


M&M AT CHESTERFIELD, L.L.C.


M&M AT CRESCENT COURT, L.L.C.


M&M AT WEST ORANGE, L.L.C.


MATZEL & MUMFORD AT EGG HARBOR, L.L.C.


MCNJ, INC.


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


MIDWEST BUILDING PRODUCTS & CONTRACTOR SERVICES OF WEST VIRGINIA, L.L.C.


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


MM-BEACHFRONT NORTH I, LLC


NEW HOME REALTY, LLC


PARK TITLE COMPANY, LLC


PINE AYR, LLC


RIDGEMORE UTILITY L.L.C.


ROUTE 1 AND ROUTE 522, L.L.C.


SEABROOK ACCUMULATION CORPORATION


SHELL HALL CLUB AMENITY ACQUISITION, LLC


SHELL HALL LAND ACQUISITION, LLC


 





I-15










 








 


STONEBROOK HOMES, INC.


TERRAPIN REALTY, L.L.C.


THE MATZEL & MUMFORD ORGANIZATION, INC


TRAVERSE PARTNERS, LLC


WASHINGTON HOMES, INC.


WTC VENTURES, L.L.C.


 





I-16










 








 


Exhibit A


 


Form of Global Note


 


UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.


 


THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED. TRANSFERS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, BY DTC TO A NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE.


 


THIS NOTE (OR ITS PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE NEXT SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER:


 


(1)     REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A “QIB”), (B) IT HAS ACQUIRED THIS NOTE IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (C) IT IS AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT) (AN “IAI”),


 





1










 








 


(2)     AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED NOTES, NOT TO OFFER, SELL, OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF SUCH NOTE), ONLY (A) TO THE ISSUER, THE COMPANY OR ANY OF ITS SUBSIDIARIES, (B) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (C) IN AN OFFSHORE TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR 904 OF REGULATION S OF THE SECURITIES ACT, (D) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (E) TO AN IAI THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS NOTE (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER AND THE TRUSTEE THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER AND THE TRUSTEE) OR (G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH THE APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION (THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE); AND


 


(3)     AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND.


 


AS USED HEREIN, THE TERMS “OFFSHORE TRANSACTIONS” AND “UNITED STATES” HAVE THE MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT. THE INDENTURE CONTAINS A PROVISION REQUIRING THE TRUSTEE TO REFUSE TO REGISTER ANY TRANSFER OF THIS NOTE IN VIOLATION OF THE FOREGOING.


 





2










 








 


[FACE OF NOTE]


 


K. HOVNANIAN ENTERPRISES, INC.


 


11.25% Senior Secured 1.5 Lien Notes due 2026


 


CUSIP No.: 48251U AD0


 


	No. 144A-2	$59,128,000, or such other amount as is provided in the schedule of exchanges of interests in global notes attached hereto



 


K. Hovnanian Enterprises, Inc., a California corporation (the “Issuer,” which term includes any successor under the Indenture hereinafter referred to), for value received, promises to pay to Cede & Co Inc., or its registered assigns, the principal sum of FIFTY-NINE MILLION, ONE HUNDRED TWENTY-EIGHT THOUSAND DOLLARS ($59,128,000), or such other amount as is provided in the schedule of exchanges of interests in global notes attached hereto, on February 15, 2026.


 


Interest Rate: 11.25% per annum.


 


Interest Payment Dates: February 15 and August 15, commencing August 15, 2020.


 


Record Dates: February 1 and August 1.


 


Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which will for all purposes have the same effect as if set forth at this place.


 


IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by its duly authorized officer.


 


Dated:


 


	
			 

				
			K. HOVNANIAN ENTERPRISES, INC.

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			 

				
			 

			
	
			 

				
			 

				
			Name:

				
			 

			
	
			 

				
			 

				
			Title:

				
			 

			



 





 










 








 


Trustee’s Certificate of Authentication


 


This is one of the 11.25% Senior Secured 1.5 Lien Notes due 2026 described in the Indenture referred to in this Note.


 


	
			 

				
			WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			 

				
			 

			
	
			 

				
			 

				
			Authorized Signatory

				
			 

			



 





 










 








 


[REVERSE SIDE OF NOTE]


 


K. HOVNANIAN ENTERPRISES, INC.


 


11.25% Senior Secured 1.5 Lien Notes due 2026


 


Capitalized terms used herein are used as defined in the Indenture referred to below unless otherwise indicated. References to “Notes” or “Note” herein refer only to the 11.25% Senior Secured 1.5 Lien Notes due 2026.


 


	
			1.

				
			Principal and Interest.

			



 


K. Hovnanian Enterprises, Inc. (the “Issuer,” which term includes any successor under the Indenture hereinafter referred to), a California corporation, promises to pay the principal of this Note on February 15, 2026.


 


The Issuer promises to pay interest on the principal amount of this Note (which represents Additional Notes) on each Interest Payment Date, as set forth on the face of this Note, at the rate of 11.25% per annum.


 


Interest will be payable semiannually (to the holders of record of the Notes at the close of business on the February 1 or August 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing August 15, 2020.


 


Interest on this Note will accrue from the most recent date to which interest has been paid on this Note or the Note surrendered in exchange for this Note (or, if there is no existing default in the payment of interest and if this Note is authenticated between a regular record date and the next Interest Payment Date, from such Interest Payment Date) or, if no interest has been paid, from February 15, 2020. Interest will be computed on the basis of a 360-day year of twelve 30-day months.


 


	
			2.

				
			Paying Agent and Registrar.

			



 


Initially, Wilmington Trust, National Association (the “Trustee”) will act as Paying Agent and Registrar. The Issuer may change or appoint any Paying Agent, Registrar or co-Registrar without notice to any Holder. The Issuer or any of its Subsidiaries may act as Paying Agent, Registrar or co-Registrar.


 


	
			3.

				
			Indenture; Liens; Guarantees.

			



 


This is one of the 11.25% Senior Secured 1.5 Lien Notes due 2026 issued under an Indenture, dated as of October 31, 2019 (as amended from time to time, the “Indenture”), among the Issuer, the Guarantors party thereto, the Trustee and the Collateral Agent. The terms of the Notes include those stated in the Indenture and are not subject to the Trust Indenture Act except as expressly and to the extent provided for in the Indenture and the Notes, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent permitted by applicable law, in the event of any inconsistency between the terms of this Note and the terms of the Indenture, the terms of the Indenture will control.


 





 










 








 


The Notes are general obligations of the Issuer, secured by Liens on the Collateral as described in the Indenture and the Security Documents. The Indenture limits the original aggregate principal amount of the Notes issued thereunder to $103,141,000, but Additional Notes, including this Note, may be issued pursuant to the Indenture (subject to the conditions stated therein), and the originally issued Notes and all such Additional Notes vote together for all purposes as a single class. This Note is guaranteed by the Guarantors as set forth in the Indenture and the Guarantee endorsed hereon.


 


Reference is hereby made to the Indenture for a statement of the respective rights, duties and obligations thereunder of the Issuer, the Guarantors, the Trustee, the Collateral Agent and the Holders.


 


	
			4.

				
			Optional Redemption.

			



 


(a)     The Issuer may, at its option, redeem the Notes, in whole, at any time, or in part, from time to time, prior to February 15, 2026, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the redemption date, if any (subject to the right of Holders of record on the relevant Record Date to receive interest on the relevant Interest Payment Date).


 


(b)     If Holders of not less than 90% in aggregate principal amount of the outstanding Notes validly tender and do not validly withdraw such Notes in a Change of Control Offer in connection with a Change of Control and the Issuer, or any third party making a Change of Control Offer in lieu of the Issuer as permitted by Section 4.12 of the Indenture, purchases of all of the Notes validly tendered and not validly withdrawn by such Holders, the Issuer or such third party shall have the right, upon not less than 10 nor more than 60 days’ prior notice to the Holders (with a copy to the Trustee), given not more than 30 days following such purchase pursuant to the Change of Control Offer described in Section 4.12 of the Indenture, to redeem all Notes that remain outstanding following such purchase at a redemption price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to, but not including, the date of redemption.


 


If fewer than all of the Notes are being redeemed, the Notes to be redeemed shall be selected by the Trustee by lot, pro rata or such other method as the Trustee deems fair and appropriate in consultation with the Issuer, subject to applicable DTC procedures and compliance with the rules of any securities exchange on which the Notes may be listed.


 


Notes shall be redeemed in denominations of $2,000 principal amount or any multiple of $1,000 in excess thereof. Notices of any redemption may be given prior to the completion thereof, and may, at the Issuer’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of a related Equity Offering. If a redemption is subject to one or more conditions precedent, such notice shall describe each condition precedent.


 


If any Note is to be redeemed in part only, the notice of redemption that relates to that Note shall state the portion of the principal amount thereof to be redeemed. A new Note in principal amount equal to the unredeemed portion of the original Note will be issued in the name of the Holder thereof upon cancellation of the original Note. Notes called for redemption become due on the date fixed for redemption. On and after the redemption date, interest ceases to accrue on Notes or portions thereof called for redemption. Any notice of redemption will be given in accordance with Article III of the Indenture.


 





2










 








 


	
			5.

				
			Repurchase Provisions.

			



 


If a Change of Control occurs, each Holder shall have the right, at such Holder’s option, to require the Issuer to purchase all or any part (equal to $2,000 principal amount or any multiple of $1,000 in excess thereof) of such Holder’s Notes on a date that is no later than 90 days after notice of the Change of Control, at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of repurchase as provided in, and subject to the terms of, the Indenture.


 


	
			6.

				
			Mandatory Redemption.

			



 


There is no sinking fund for, or mandatory redemption of, the Notes.


 


	
			7.

				
			Discharge and Defeasance.

			



 


If the Issuer deposits with the Trustee money in U.S. dollars and/or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, interest and accrued interest on the Notes to redemption or maturity, as the case may be, the Issuer, the Company and the Guarantors may in certain circumstances be discharged from the Indenture, the Notes, the Guarantees and the Security Documents or may be discharged from certain of their obligations under certain provisions of the Indenture. In such circumstances, the Liens securing the Notes and the Guarantees will also be released.


 


	
			8.

				
			Registered Form; Denominations; Transfer; Exchange.

			



 


The Notes are in registered form only without coupons in denominations of $2,000 principal amount and any multiple of $1,000 in excess thereof. A Holder may register the transfer or exchange of Notes in accordance with the Indenture. The Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. Pursuant to the Indenture, there are certain periods during which the Trustee will not be required to issue, register the transfer of, or exchange any Note or certain portions of a Note.


 


	
			9.

				
			Persons Deemed Owners.

			



 


The registered Holder of this Note shall be treated as the owner of it for all purposes.


 


	
			10.

				
			Defaults and Remedies.

			



 


If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the Notes may declare all the Notes to be due and payable immediately. If a bankruptcy or insolvency default with respect to the Issuer or the Company occurs and is continuing, the Notes automatically become immediately due and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require reasonable indemnity or security satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of a majority in principal amount of the Notes then outstanding may direct the Trustee in its exercise of remedies.


 





3










 








 


	
			11.

				
			Amendment, Supplement and Waiver.

			



 


Subject to certain exceptions, the Indenture, the Notes, the Guarantees or the Security Documents may be amended or supplemented, or future compliance with any provision thereof may be waived, with the consent of the Holders of a majority in principal amount of the outstanding Notes. Without notice to or the consent of any Holder, the Company, the Issuer, the Guarantors, the Trustee, the Collateral Agent and the Joint First Lien Collateral Agent, as applicable, may amend or supplement, or waive future compliance with any provision of, the Indenture, the Notes, the Guarantees or the Security Documents with respect to the Notes to, among other things, cure any ambiguity, defect or inconsistency or if such amendment or supplement does not adversely affect the legal rights of any Holder. Without the consent of the Holders of at least 662⁄3% in principal amount of the Notes, the Company, the Issuer, the Guarantors, the Trustee, the Collateral Agent and the Joint First Lien Collateral Agent may not effect a release of all or substantially all of the Collateral with respect to the Notes other than pursuant to the terms of the Security Documents or as otherwise permitted under the Indenture.


 


	
			12.

				
			Trustee Dealings With Issuer.

			



 


The Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuer or its affiliates, with the same rights as if it were not Trustee; however, if it acquires any conflicting interest (as defined in the Trust Indenture Act), it must eliminate such conflict or resign.


 


	
			13.

				
			No Recourse Against Others.

			



 


An incorporator, and any past, present or future director, officer, partner, employee or stockholder, as such, of the Issuer, the Company or the Guarantors shall not have any liability for any obligations of the Issuer, the Company or the Guarantors under the Notes, the Indenture or the Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Notes.


 


	
			14.

				
			Governing Law.

			



 


THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.


 


	
			15.

				
			CUSIP Numbers.

			



 


Pursuant to a recommendation promulgated by the Committee on Uniform Note Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes, and the Trustee may use CUSIP numbers in notices as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice and reliance may be placed only on the other identification numbers placed thereon.


 





4










 








 


	
			16.

				
			Authentication.

			



 


This Note is not valid until the Trustee (or Authenticating Agent) manually signs the certificate of authentication on the other side of this Note.


 


	
			17.

				
			Abbreviations.

			



 


Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian) and U/G/M/A/ (= Uniform Gifts to Minors Act).


 


The Issuer will furnish a copy of the Indenture to any Holder upon written request and without charge.


 





5










 








 


[FORM OF TRANSFER NOTICE]


 


FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto


 


 


	
			Insert Social Security or Taxpayer Identification No.

			
	 
	 
	 
	 
	
			Please print or typewrite name and address, including zip code, of assignee

			
	 
	 
	 
	 
	
			the within Note and all rights thereunder, hereby irrevocably constituting and appointing

			



 


agent to transfer this Note on the books of the Issuer with full power of substitution in the premises.


 


	Dated:	 	 	Signed:	 	 
	 	 	 	(sign exactly as name appears on the other side of this Note)



 


Signature Guarantee1:


 


In connection with any transfer of this Note occurring prior to the Resale Restriction Termination Date (as defined in this Note), the undersigned confirms that such transfer is made without utilizing any general solicitation or general advertising in connection with the transfer and further as follows:


 


Check One


 


☐     (1) This Note is being transferred to a “qualified institutional buyer” in compliance with Rule 144A under the Securities Act of 1933, as amended, and certification in the form of Exhibit F to the Indenture is being furnished herewith.


 


☐      (2) This Note is being transferred to a non-”U.S. Person,” as defined in Rule 902 of Regulation S under the Securities Act in compliance with the exemption from registration under the Securities Act of 1933, as amended, provided by Regulation S thereunder, and certification in the form of Exhibit E to the Indenture is being furnished herewith.


 


 




	
			1

				
			Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Trustee, which requirements include membership or participation in the Note Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Trustee in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

			



 





 










 








 


or


 


☐      (3) This Note is being transferred other than in accordance with (1) or (2) above and documents are being furnished herewith which comply with the conditions of transfer set forth in this Note and the Indenture.


 


If none of the foregoing boxes is checked, the Trustee is not obligated to register this Note in the name of any Person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in the Indenture have been satisfied.


 


Dated:


 


	
			 

				
			Transferor

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			Signed:

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	 	 	 	 
	
			 

				
			NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within-mentioned instrument in every particular, without alteration or any change whatsoever.

				
			 

			



 


Signature Guarantee2:


 


 


By:                                                              


(to be executed by an executive officer)


 


 




	
			2

				
			Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Note Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

			



 





 










 








 


16


 


OPTION OF HOLDER TO ELECT PURCHASE


 


If you wish to have all of this Note purchased by the Issuer pursuant to Section 4.10 or Section 4.12 of the Indenture, check the box: ☐


 


If you wish to have a portion of this Note purchased by the Issuer pursuant to Section 4.10 or Section 4.12 of the Indenture, state the amount (in original principal amount) below:


 


$                                         .


 


Date:                                            


 


Your Signature:                                                           


 


(Sign exactly as your name appears on the other side of this Note)


 


Signature Guarantee3:                                                 


 


 




	
			3

				
			Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Trustee, which requirements include membership or participation in the Note Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Trustee in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

			



 





 










 








 


SCHEDULE OF EXCHANGES OF INTERESTS IN GLOBAL NOTES


 


The following exchanges of a part of this Global Note for Certificated Notes or an interest in another Global Note, or exchanges of a part of another Global Note or Certificated Note for an interest in this Global Note, have been made:


 


	
			Date of Exchange

				 	
			Amount of


			decrease in

			principal amount

			of this Global Note

				 	
			Amount of


			increase in

			principal amount

			of this Global Note

				 	
			Principal amount

			of this Global Note

			following such

			decrease or

			increase

				 	
			Signature of

			authorized officer

			of Trustee

			
	 	 	 	 	 	 	 	 	 



 





 










 








 


GUARANTEE


 


The undersigned (the “Guarantors”) have unconditionally guaranteed, jointly and severally (such guarantee by each Guarantor being referred to herein as the “Guarantee”) (i) the due and punctual payment of the principal of and interest on the Issuer’s 11.25% Senior Secured 1.5 Lien Notes due 2026 (the “Notes”), whether at maturity or on an Interest Payment Date, by acceleration or otherwise, on the Notes, to the extent lawful, and of all other obligations of the Issuer to the Holders or the Trustee all in accordance with the terms set forth in Article VI of the Indenture and (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. This Guarantee is secured by Liens on the Collateral as described in the Indenture and the Security Documents.


 


No past, present or future stockholder, officer, director, employee, partner or incorporator, as such, of any of the Guarantors shall have any liability under the Guarantee evidenced hereby by reason of such person’s status as stockholder, officer, director, employee, partner or incorporator. Each Holder of a Note by accepting a Note waives and releases all such liability. This waiver and release are part of the consideration for the issuance of the Guarantee.


 


Each Holder of a Note by accepting a Note agrees that any Guarantor named below shall have no further liability with respect to its Guarantee if such Guarantor otherwise ceases to be liable in respect of its Guarantee in accordance with the terms of the Indenture.


 


The Guarantee evidenced hereby shall not be valid or obligatory for any purpose until the certificate of authentication on the Notes upon which the Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers.


 


This Guarantee shall be governed by, and construed in accordance with, the laws of the State of New York.


 


 


 


2700 EMPIRE, LLC


AMBER RIDGE, LLC


ARBOR TRAILS, LLC


BUILDER SERVICES NJ, L.L.C.


BUILDER SERVICES PA, L.L.C.


EASTERN NATIONAL ABSTRACT, INC.


EASTERN NATIONAL TITLE AGENCY ARIZONA, LLC


EASTERN NATIONAL TITLE AGENCY FLORIDA, LLC


EASTERN NATIONAL TITLE AGENCY ILLINOIS, LLC


EASTERN NATIONAL TITLE AGENCY MARYLAND, LLC


EASTERN NATIONAL TITLE AGENCY VIRGINIA, INC.


EASTERN NATIONAL TITLE AGENCY, INC.


F&W MECHANICAL SERVICES, L.L.C.


 





 










 








 


GLENRISE GROVE, L.L.C.


GTIS-HOV DULLES PARKWAY PARENT LLC


GTIS-HOV FESTIVAL LAKES LLC


GTIS-HOV GREENFIELD CROSSING PARENT LLC


GTIS-HOV HOLDINGS LLC


GTIS-HOV POSITANO LLC


GTIS-HOV RANCHO 79 LLC


GTIS-HOV RESIDENCES AT DULLES PARKWAY LLC


GTIS-HOV RESIDENCES AT GREENFIELD CROSSING LLC


GTIS-HOV VILLAGES AT PEPPER MILL LLC


GTIS-HOV WARMINSTER LLC


HOMEBUYERS FINANCIAL SERVICES, L.L.C.


HOMEBUYERS FINANCIAL USA, LLC


HOVNANIAN DEVELOPMENTS OF FLORIDA, INC.


HOVNANIAN ENTERPRISES, INC.


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


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


HOVNANIAN LAND INVESTMENT GROUP, L.L.C.


HOVSITE CATALINA LLC


HOVSITE CHURCHILL CLUB LLC


HOVSITE CIDER GROVE LLC


HOVSITE FIRENZE LLC


HOVSITE GREENWOOD MANOR LLC


HOVSITE HUNT CLUB LLC


HOVSITE IRISH PRAIRIE LLC


HOVSITE LIBERTY LAKES LLC


HOVSITE MONTEVERDE 1 & 2 LLC


HOVSITE MONTEVERDE 3 & 4 LLC


HOVSITE PROVIDENCE LLC


HOVSITE SOUTHAMPTON LLC


K. HOVNANIAN ABERDEEN, LLC


K. HOVNANIAN ACQUISITIONS, INC.


K. HOVNANIAN AMBER GLEN, LLC


K. HOVNANIAN ARIZONA NEW GC, LLC


K. HOVNANIAN ARIZONA OPERATIONS, LLC


K. HOVNANIAN ASBURY POINTE, LLC


K. HOVNANIAN ASPIRE AT BELLEVUE RANCH, LLC


K. HOVNANIAN ASPIRE AT MORRIS WOODS, LLC


K. HOVNANIAN ASPIRE AT RIVER TERRACE, LLC


K. HOVNANIAN ASPIRE AT WATERSTONE, LLC


K. HOVNANIAN AT 23 NORTH, LLC


K. HOVNANIAN AT 240 MISSOURI, LLC


K. HOVNANIAN AT ACACIA PLACE, LLC


K. HOVNANIAN AT AIRE ON MCDOWELL, LLC


K. HOVNANIAN AT ALEXANDER LAKES, LLC


K. HOVNANIAN AT ALISO, LLC


 





2










 








 


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


K. HOVNANIAN AT AMBERLEY WOODS, LLC


K. HOVNANIAN AT ANDALUSIA, LLC


K. HOVNANIAN AT ASBURY PARK URBAN RENEWAL, LLC


K. HOVNANIAN AT ASHBY PLACE, LLC


K. HOVNANIAN AT ASHLEY POINTE LLC


K. HOVNANIAN AT AUTUMN RIDGE, LLC


K. HOVNANIAN AT AVENIR, LLC


K. HOVNANIAN AT BAKERSFIELD 463, L.L.C.


K. HOVNANIAN AT BALTIC & AEGEAN ASBURY PARK, LLC


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


K. HOVNANIAN AT BEACON PARK AREA 129 II, LLC


K. HOVNANIAN AT BEACON PARK AREA 129, LLC


K. HOVNANIAN AT BEACON PARK AREA 137, LLC


K. HOVNANIAN AT BENSEN'S MILL ESTATES, LLC


K. HOVNANIAN AT BLACKSTONE, LLC


K. HOVNANIAN AT BOCA DUNES, LLC


K. HOVNANIAN AT BRADWELL ESTATES, LLC


K. HOVNANIAN AT BRANCHBURG II, LLC


K. HOVNANIAN AT BRANCHBURG, L.L.C.


K. HOVNANIAN AT BRANCHBURG-VOLLERS, LLC


K. HOVNANIAN AT BRENFORD STATION, LLC


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


K. HOVNANIAN AT BRITTANY MANOR BORROWER, LLC


K. HOVNANIAN AT BRITTANY MANOR, LLC


K. HOVNANIAN AT BURCH KOVE, LLC


K. HOVNANIAN AT CADENCE PARK, LLC


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


K. HOVNANIAN AT CANTER V, LLC


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


K. HOVNANIAN AT CARLSBAD, LLC


K. HOVNANIAN AT CATANIA, LLC


K. HOVNANIAN AT CATON'S RESERVE, LLC


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


K. HOVNANIAN AT CEDAR LANE ESTATES, LLC


K. HOVNANIAN AT CEDAR LANE, LLC


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


K. HOVNANIAN AT CHRISTINA COURT, LLC


K. HOVNANIAN AT CHURCHILL FARMS LLC


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


K. HOVNANIAN AT COOSAW POINT, LLC


K. HOVNANIAN AT CORAL LAGO, LLC


K. HOVNANIAN AT DEER RIDGE, LLC


K. HOVNANIAN AT DOMINION CROSSING, LLC


K. Hovnanian At Dorado at Twelve Bridges, LLC


K. HOVNANIAN AT DOYLESTOWN, LLC


 





3










 








 


K. HOVNANIAN AT DUNELLEN URBAN RENEWAL, LLC


K. HOVNANIAN AT EAGLE HEIGHTS, LLC


K. HOVNANIAN AT EAST BRUNSWICK III, LLC


K. HOVNANIAN AT EAST BRUNSWICK, LLC


K. HOVNANIAN AT EAST WINDSOR, LLC


K. HOVNANIAN AT EDEN TERRACE, L.L.C.


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


K. HOVNANIAN AT EL DORADO RANCH II, L.L.C.


K. HOVNANIAN AT EL DORADO RANCH, L.L.C.


K. HOVNANIAN AT EMBREY MILL VILLAGE, LLC


K. HOVNANIAN AT EMBREY MILL, LLC


K. HOVNANIAN AT ESTATES AT WHEATLANDS, LLC


K. HOVNANIAN AT ESTATES OF CHANCELLORSVILLE, LLC


K. HOVNANIAN AT ESTATES OF FOX CHASE, LLC


K. HOVNANIAN AT FAIRFIELD RIDGE, LLC


K. HOVNANIAN AT FIDDYMENT RANCH, LLC


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 FOX PATH AT HAMPTON LAKE, LLC


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


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


K. HOVNANIAN AT FREEHOLD TOWNSHIP III, LLC


K. HOVNANIAN AT FRESNO, LLC


K. HOVNANIAN AT GALLERY, LLC


K. HOVNANIAN AT GALLOWAY RIDGE, LLC


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


K. HOVNANIAN AT GILROY 60, LLC


K. HOVNANIAN AT GILROY, LLC


K. HOVNANIAN AT GRANDE PARK, LLC


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


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


K. HOVNANIAN AT HAMMOCK BREEZE, LLC


K. HOVNANIAN AT HAMPTON COVE, LLC


K. HOVNANIAN AT HAMPTON LAKE, LLC


K. Hovnanian at Hampton Run, LLC


K. HOVNANIAN AT HANOVER ESTATES, LLC


K. HOVNANIAN AT HERSHEY'S MILL, INC.


K. HOVNANIAN AT HIDDEN BROOK, LLC


K. HOVNANIAN AT HIDDEN LAKE, LLC


K. HOVNANIAN AT HIGHLAND PARK, LLC


K. HOVNANIAN AT HILLSBOROUGH, LLC


K. HOVNANIAN AT HILLTOP RESERVE II, LLC


K. HOVNANIAN AT HILLTOP RESERVE, LLC


K. HOVNANIAN AT HOLLY RIDGE, LLC


K. HOVNANIAN AT HOWELL FORT PLAINS, LLC


 





4










 








 


K. HOVNANIAN AT HOWELL II, LLC


K. HOVNANIAN AT HOWELL, LLC


K. HOVNANIAN AT HUDSON POINTE, L.L.C.


K. HOVNANIAN AT HUNTER'S POND, LLC


K. HOVNANIAN AT HUNTFIELD, LLC


K. HOVNANIAN AT INDIAN WELLS, LLC


K. HOVNANIAN AT ISLAND LAKE, LLC


K. HOVNANIAN AT JACKS RUN, LLC


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


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


K. HOVNANIAN AT JAEGER RANCH, LLC


K. HOVNANIAN AT LA LAGUNA, L.L.C.


K. HOVNANIAN AT LAKE BURDEN, LLC


K. HOVNANIAN AT LAKE FLORENCE, LLC


K. HOVNANIAN AT LAKE LECLARE, LLC


K. HOVNANIAN AT LAKE RIDGE ESTATES, LLC


K. HOVNANIAN AT LAKES AT NEW RIVERSIDE, LLC


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


K. HOVNANIAN AT LENAH WOODS, LLC


K. HOVNANIAN AT LIBERTY HILL FARM, LLC


K. HOVNANIAN AT LILY ORCHARD, LLC


K. HOVNANIAN AT LINK CROSSING, LLC


K. HOVNANIAN AT LITTLE EGG HARBOR TOWNSHIP II, 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 LUKE LANDING, LLC


K. HOVNANIAN AT LUNA VISTA, LLC


K. HOVNANIAN AT MADISON SQUARE, LLC


K. HOVNANIAN AT MAGNOLIA PLACE, LLC


K. HOVNANIAN AT MAIN STREET SQUARE, LLC


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


K. HOVNANIAN AT MANALAPAN CROSSING, LLC


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


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


K. HOVNANIAN AT MANALAPAN IV, LLC


K. HOVNANIAN AT MANALAPAN RIDGE, LLC


K. HOVNANIAN AT MANALAPAN V, LLC


K. HOVNANIAN AT MANALAPAN VI, LLC


K. HOVNANIAN AT MANTECA, LLC


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


K. HOVNANIAN AT MAPLE HILL LLC


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


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


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


K. HOVNANIAN AT MARYLAND RIDGE, LLC


 





5










 








 


K. HOVNANIAN AT MEADOWRIDGE VILLAS, LLC


K. HOVNANIAN AT MELANIE MEADOWS, LLC


K. HOVNANIAN AT MELODY FARM, LLC


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


K. HOVNANIAN AT MERIDIAN HILLS, LLC


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


K. HOVNANIAN AT MIDDLETOWN III, LLC


K. HOVNANIAN AT MIDDLETOWN, LLC


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


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


K. HOVNANIAN AT MONROE NJ II, LLC


K. HOVNANIAN AT MONROE NJ III, LLC


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


K. HOVNANIAN AT MONTANA VISTA DOBBINS, LLC


K. HOVNANIAN AT MONTANA VISTA, LLC


K. HOVNANIAN AT MONTGOMERY, LLC


K. HOVNANIAN AT MONTVALE II, LLC


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


K. HOVNANIAN AT MORRIS TWP II, LLC


K. HOVNANIAN AT MORRIS TWP, LLC


K. HOVNANIAN AT MUIRFIELD, LLC


K. HOVNANIAN AT MYSTIC DUNES, LLC


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 IV, L.L.C.


K. HOVNANIAN AT NORTH GROVE CROSSING, LLC


K. HOVNANIAN AT NORTH HILL, LLC


K. HOVNANIAN AT NORTH POINTE ESTATES LLC


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


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


K. HOVNANIAN AT NORTHRIDGE ESTATES, LLC


K. HOVNANIAN AT NORTON LAKE LLC


K. HOVNANIAN AT NOTTINGHAM MEADOWS, LLC


K. HOVNANIAN AT OAK POINTE, LLC


K. HOVNANIAN AT OAKLAND, LLC


K. HOVNANIAN AT OCEAN VIEW BEACH CLUB, LLC


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


K. HOVNANIAN AT OLD BRIDGE II, LLC


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


K. HOVNANIAN AT ORCHARD MEADOWS, LLC


K. HOVNANIAN AT PALM VALLEY, L.L.C.


K. HOVNANIAN AT PARK PASEO, LLC


K. HOVNANIAN AT PARKSIDE, LLC


K. HOVNANIAN AT PARSIPPANY, L.L.C.


 





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K. HOVNANIAN AT PAVILION PARK, LLC


K. HOVNANIAN AT PELHAM'S REACH, LLC


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


K. HOVNANIAN AT PIAZZA SERENA, L.L.C


K. HOVNANIAN AT PICKETT RESERVE, LLC


K. HOVNANIAN AT PINCKNEY FARM, LLC


K. HOVNANIAN AT PLANTATION LAKES, L.L.C.


K. HOVNANIAN AT POINTE 16, LLC


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


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


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


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


K. HOVNANIAN AT POSITANO, LLC


K. HOVNANIAN AT PRAIRIE POINTE, LLC


K. HOVNANIAN AT QUAIL CREEK, L.L.C.


K. HOVNANIAN AT RANCHO CABRILLO, LLC


K. HOVNANIAN AT RANDALL HIGHLANDS, LLC


K. HOVNANIAN AT RAPHO, L.L.C


K. HOVNANIAN AT RAYMOND FARM, LLC


K. HOVNANIAN AT REDTAIL, LLC


K. HOVNANIAN AT RESERVES AT WHEATLANDS, LLC


K. HOVNANIAN AT RESIDENCE AT DISCOVERY SQUARE, LLC


K. HOVNANIAN AT RETREAT AT MILLSTONE, LLC


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


K. HOVNANIAN AT RIVER HILLS, LLC


K. HOVNANIAN AT ROCK LEDGE, LLC


K. HOVNANIAN AT ROCKLAND VILLAGE GREEN, LLC


K. HOVNANIAN AT ROCKY RUN VILLAGE, LLC


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


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


K. HOVNANIAN AT SAGEBROOK, LLC


K. HOVNANIAN AT SANTA NELLA, LLC


K. HOVNANIAN AT SAWMILL, INC.


K. HOVNANIAN AT SCOTTSDALE HEIGHTS, LLC


K. HOVNANIAN AT SEABROOK, LLC


K. HOVNANIAN AT SEASONS LANDING, LLC


K. HOVNANIAN AT SHELDON GROVE, LLC


K. HOVNANIAN AT SHREWSBURY, LLC


K. HOVNANIAN AT SIENNA HILLS, LLC


K. HOVNANIAN AT SIERRA VISTA, LLC


K. HOVNANIAN AT SIGNAL HILL, LLC


K. HOVNANIAN AT SILVER LEAF, LLC


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


K. HOVNANIAN AT SILVERSTONE G, LLC


K. HOVNANIAN AT SILVERSTONE, LLC


K. HOVNANIAN AT SILVERWOOD GLEN, LLC


 





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K. HOVNANIAN AT SKYE ISLE, LLC


K. HOVNANIAN AT SKYE ON MCDOWELL, LLC


K. HOVNANIAN AT SMITHVILLE, INC.


K. HOVNANIAN AT SOLARE, LLC


K. HOVNANIAN AT SOMERSET, LLC


K. HOVNANIAN AT SOUTH BRUNSWICK II, LLC


K. HOVNANIAN AT SOUTH BRUNSWICK III, LLC


K. HOVNANIAN AT SOUTH BRUNSWICK IV, LLC


K. HOVNANIAN AT SPRING ISLE, LLC


K. HOVNANIAN AT STANTON, LLC


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


K. HOVNANIAN AT SUMMERLAKE, LLC


K. Hovnanian at Sun City West, LLC


K. HOVNANIAN AT SUNRIDGE PARK, LLC


K. HOVNANIAN AT SUNRISE TRAIL II, LLC


K. HOVNANIAN AT SUNRISE TRAIL III, LLC


K. HOVNANIAN AT TAMARACK SOUTH LLC


K. HOVNANIAN AT TANGLEWOOD OAKS, LLC


K. HOVNANIAN AT TERRA BELLA TWO, LLC


K. HOVNANIAN AT THE BOULEVARDS AT WESTFIELDS, LLC


K. HOVNANIAN AT THE COMMONS AT RICHMOND HILL, LLC


K. HOVNANIAN AT THE HIGHLANDS AT SUMMERLAKE GROVE, LLC


K. HOVNANIAN AT THE MEADOWS 9, LLC


K. HOVNANIAN AT THE MEADOWS, LLC


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


K. HOVNANIAN AT THE PROMENADE AT BEAVER CREEK, LLC


K. HOVNANIAN AT THOMPSON RANCH, LLC


K. HOVNANIAN AT TOWER HILL, LLC


K. HOVNANIAN AT TOWNES AT COUNTY CENTER, LLC


K. HOVNANIAN AT TRAFFORD PLACE, LLC


K. HOVNANIAN AT TRAIL RIDGE, LLC


K. HOVNANIAN AT TRAMORE LLC


K. HOVNANIAN AT UNION PARK, LLC


K. HOVNANIAN AT UPPER PROVIDENCE, LLC


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


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


K. HOVNANIAN AT VALLE DEL SOL, LLC


K. HOVNANIAN AT VALLETTA, LLC


K. HOVNANIAN AT VENTANA LAKES, LLC


K. HOVNANIAN AT VERONA ESTATES, LLC


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


K. HOVNANIAN AT VERRADO CASCINA, LLC


K. HOVNANIAN AT VERRADO MARKETSIDE, LLC


K. HOVNANIAN AT VICTORVILLE, L.L.C.


K. HOVNANIAN AT VILLAGE CENTER, LLC


K. HOVNANIAN AT VILLAGE OF ROUND HILL, LLC


 





8










 








 


K. HOVNANIAN AT VILLAGES AT COUNTRY VIEW, LLC


K. HOVNANIAN AT VILLAS AT THE COMMONS, LLC


K. HOVNANIAN AT VINEYARD HEIGHTS, LLC


K. HOVNANIAN AT VISTA DEL SOL, L.L.C.


K. HOVNANIAN AT VISTA LAGO, LLC


K. HOVNANIAN AT WADE'S GRANT, L.L.C.


K. HOVNANIAN AT WALDWICK, LLC


K. HOVNANIAN AT WALKERS GROVE, LLC


K. HOVNANIAN AT WALL DONATO, LLC


K. HOVNANIAN AT WALL QUAIL RIDGE, LLC


K. HOVNANIAN AT WARREN TOWNSHIP II, LLC


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


K. HOVNANIAN AT WATERFORD, LLC


K. HOVNANIAN AT WATERSTONE, LLC


K. HOVNANIAN AT WELLSPRINGS, LLC


K. HOVNANIAN AT WEST VIEW ESTATES, L.L.C.


K. HOVNANIAN AT WESTBROOK, LLC


K. HOVNANIAN AT WESTSHORE, LLC


K. HOVNANIAN AT WHEELER RANCH, LLC


K. HOVNANIAN AT WHEELER WOODS, LLC


K. HOVNANIAN AT WHITEMARSH, LLC


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


K. HOVNANIAN AT WILLOWSFORD GREENS III, LLC


K. HOVNANIAN AT WOODCREEK WEST, LLC


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


K. HOVNANIAN BELDEN POINTE, LLC


K. HOVNANIAN BELMONT RESERVE, LLC


K. Hovnanian Buckeye Ridge, LLC


K. HOVNANIAN BUILD ON YOUR LOT DIVISION, LLC


K. HOVNANIAN CA LAND HOLDINGS, LLC


K. HOVNANIAN CALIFORNIA NEW GC, LLC


K. HOVNANIAN CALIFORNIA OPERATIONS, INC.


K. HOVNANIAN CALIFORNIA REGION, INC.


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


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


K. HOVNANIAN CHICAGO DIVISION, INC.


K. HOVNANIAN CLASSICS, L.L.C.


K. HOVNANIAN COMMUNITIES, INC.


K. HOVNANIAN COMPANIES OF ARIZONA, LLC


K. HOVNANIAN COMPANIES OF FLORIDA, LLC


K. HOVNANIAN COMPANIES OF MARYLAND, INC.


K. HOVNANIAN COMPANIES OF NEW YORK, INC.


K. HOVNANIAN COMPANIES OF SOUTHERN CALIFORNIA, INC.


K. HOVNANIAN COMPANIES, LLC


K. HOVNANIAN CONSTRUCTION II, INC


K. HOVNANIAN CORNERSTONE FARMS, LLC


 





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K. HOVNANIAN CRAFTBUILT HOMES OF SOUTH CAROLINA, L.L.C.


K. HOVNANIAN CYPRESS CREEK, LLC


K. HOVNANIAN CYPRESS KEY, LLC


K. HOVNANIAN D.C. GROUP, LLC


K. HOVNANIAN DELAWARE DIVISION, INC.


K. HOVNANIAN DELAWARE NEW GC, LLC


K. HOVNANIAN DELAWARE OPERATIONS, LLC


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


K. HOVNANIAN DEVELOPMENTS OF GEORGIA, INC.


K. HOVNANIAN DEVELOPMENTS OF MINNESOTA, INC.


K. HOVNANIAN DEVELOPMENTS OF NEW YORK, INC.


K. HOVNANIAN DEVELOPMENTS OF NORTH CAROLINA, INC.


K. HOVNANIAN DEVELOPMENTS OF PENNSYLVANIA, INC.


K. HOVNANIAN DEVELOPMENTS OF TEXAS, INC.


K. HOVNANIAN DEVELOPMENTS OF WEST VIRGINIA, INC.


K. Hovnanian DFW Ascend at Justin Crossing, LLC


K. HOVNANIAN DFW HIGHTOWER, LLC


K. HOVNANIAN DFW AUBURN FARMS, LLC


K. HOVNANIAN DFW BAYSIDE, LLC


K. HOVNANIAN DFW BELMONT, LLC


K. HOVNANIAN DFW BERKSHIRE II, LLC


K. HOVNANIAN DFW BERKSHIRE, LLC


K. HOVNANIAN DFW BLUFF CREEK, LLC


K. HOVNANIAN DFW CALLOWAY TRAILS, LLC


K. HOVNANIAN DFW CANYON FALLS, LLC


K. HOVNANIAN DFW CARILLON, LLC


K. HOVNANIAN DFW COMMODORE AT PRESTON, LLC


K. HOVNANIAN DFW COURTS AT BONNIE BRAE, LLC


K. HOVNANIAN DFW CREEKSIDE ESTATES II, LLC


K. HOVNANIAN DFW CREEKSIDE ESTATES, LLC


K. HOVNANIAN DFW DIAMOND CREEK ESTATES, LLC


K. HOVNANIAN DFW DIVISION, LLC


K. HOVNANIAN DFW ENCORE OF LAS COLINAS II, LLC


K. HOVNANIAN DFW ENCORE OF LAS COLINAS, LLC


K. HOVNANIAN DFW HARMON FARMS, LLC


K. HOVNANIAN DFW HERITAGE CROSSING, LLC


K. HOVNANIAN DFW HERON POND, LLC


K. HOVNANIAN DFW HIGH POINTE, LLC


K. HOVNANIAN DFW HOMESTEAD, LLC


K. HOVNANIAN DFW INSPIRATION, LLC


K. HOVNANIAN DFW LEXINGTON, LLC


K. HOVNANIAN DFW LIBERTY CROSSING II, LLC


K. HOVNANIAN DFW LIBERTY CROSSING, LLC


K. HOVNANIAN DFW LIBERTY, LLC


K. HOVNANIAN DFW LIGHT FARMS II, LLC


K. HOVNANIAN DFW LIGHT FARMS, LLC


 





10










 








 


K. HOVNANIAN DFW MAXWELL CREEK, LLC


K. HOVNANIAN DFW MIDTOWN PARK, LLC


K. HOVNANIAN DFW MILRANY RANCH, LLC


K. HOVNANIAN DFW MUSTANG LAKES II, LLC


K. HOVNANIAN DFW MUSTANG LAKES, LLC


K. HOVNANIAN DFW OAKMONT PARK, LLC


K. HOVNANIAN DFW PALISADES, LLC


K. HOVNANIAN DFW PARKSIDE, LLC


K. HOVNANIAN DFW PARKVIEW, LLC


K. HOVNANIAN DFW RICHWOODS, LLC


K. HOVNANIAN DFW RIDGEVIEW, LLC


K. HOVNANIAN DFW SANFORD PARK, LLC


K. HOVNANIAN DFW SEVENTEEN LAKES, LLC


K. HOVNANIAN DFW THE PARKS AT ROSEHILL, LLC


K. HOVNANIAN DFW TRAILWOOD II, LLC


K. HOVNANIAN DFW TRAILWOOD, LLC


K. HOVNANIAN DFW VILLAS AT MUSTANG PARK, LLC


K. HOVNANIAN DFW VILLAS AT THE STATION, LLC


K. HOVNANIAN DFW WATSON CREEK, LLC


K. HOVNANIAN DFW WELLINGTON VILLAS, LLC


K. HOVNANIAN DFW WELLINGTON, LLC


K. HOVNANIAN DFW WILDRIDGE, LLC


K. HOVNANIAN EASTERN PENNSYLVANIA, L.L.C.


K. HOVNANIAN EDGEBROOK, LLC


K. HOVNANIAN EDISON GROUP, LLC


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


K. HOVNANIAN ESTATES AT WEKIVA, LLC


K. HOVNANIAN FALLS POINTE, LLC


K. HOVNANIAN FINANCIAL SERVICES GROUP, LLC


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


K. HOVNANIAN FLORIDA NEW GC, LLC


K. HOVNANIAN FLORIDA OPERATIONS, LLC


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


K. HOVNANIAN FOREST LAKES, LLC


K. HOVNANIAN FOREST VALLEY, LLC


K. HOVNANIAN FOUR SEASONS AT CHESTNUT RIDGE, LLC


K. HOVNANIAN GEORGIA NEW GC, LLC


K. HOVNANIAN GEORGIA OPERATIONS, LLC


K. HOVNANIAN GRAND CYPRESS, LLC


K. HOVNANIAN GRANDEFIELD, LLC


K. HOVNANIAN GREAT WESTERN HOMES, LLC


K. HOVNANIAN HAMPTONS AT OAK CREEK II, L.L.C.


K. HOVNANIAN HIDDEN HOLLOW, LLC


K. HOVNANIAN HIGHLAND RIDGE, LLC


K. HOVNANIAN HOLDINGS NJ, L.L.C.


K. HOVNANIAN HOMES - DFW II, L.L.C.


 





11










 








 


K. HOVNANIAN HOMES - DFW, L.L.C.


K. HOVNANIAN HOMES AT BROOK MANOR, LLC


K. HOVNANIAN HOMES AT BURKE JUNCTION, LLC


K. HOVNANIAN HOMES AT CREEKSIDE, LLC


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


K. HOVNANIAN HOMES AT JONES STATION 1, L.L.C.


K. HOVNANIAN HOMES AT KNOLLAC ACRES, LLC


K. HOVNANIAN HOMES AT LEIGH MILL, LLC


K. HOVNANIAN HOMES AT PARKSIDE, LLC


K. HOVNANIAN HOMES AT REEDY CREEK, LLC


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


K. HOVNANIAN HOMES AT SALT CREEK LANDING, LLC


K. HOVNANIAN HOMES AT SHELL HALL, LLC


K. HOVNANIAN HOMES AT SHENANDOAH SPRINGS, LLC


K. HOVNANIAN HOMES AT ST. JAMES PLACE, LLC


K. HOVNANIAN HOMES AT THE ABBY, LLC


K. HOVNANIAN HOMES AT THE HIGHLANDS, LLC


K. HOVNANIAN HOMES AT THE PADDOCKS, LLC


K. HOVNANIAN HOMES AT THOMPSON'S GRANT, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD GRANGE, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD GRANT II, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD GRANT, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD GREENS, LLC


K. HOVNANIAN HOMES AT WILLOWSFORD NEW, LLC


K. HOVNANIAN HOMES NORTHERN CALIFORNIA, INC.


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


K. HOVNANIAN HOMES OF DELAWARE I, LLC


K. HOVNANIAN HOMES OF FLORIDA I, LLC


K. HOVNANIAN HOMES OF LONGACRE VILLAGE, L.L.C.


K. HOVNANIAN HOMES OF MARYLAND I, LLC


K. HOVNANIAN HOMES OF MARYLAND II, LLC


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


K. HOVNANIAN HOMES OF MINNESOTA AT ARBOR CREEK, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT AUTUMN MEADOWS, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT BRYNWOOD, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT CEDAR HOLLOW, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT FOUNDER'S RIDGE, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT HARPERS STREET WOODS, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT OAKS OF OXBOW, LLC


K. HOVNANIAN HOMES OF MINNESOTA AT REGENT'S POINT, LLC


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


K. HOVNANIAN HOMES OF NORTH CAROLINA, INC.


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


K. HOVNANIAN HOMES OF VIRGINIA I, LLC


K. HOVNANIAN HOUSTON BAYOU OAKS AT WEST OREM, LLC


K. HOVNANIAN HOUSTON CAMBRIDGE HEIGHTS, LLC


 





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K. HOVNANIAN HOUSTON CITY HEIGHTS, LLC


K. HOVNANIAN HOUSTON CREEK BEND, LLC


K. HOVNANIAN HOUSTON DIVISION, LLC


K. HOVNANIAN HOUSTON DRY CREEK VILLAGE, LLC


K. HOVNANIAN HOUSTON ELDRIDGE PARK, LLC


K. HOVNANIAN HOUSTON GREATWOOD LAKE, LLC


K. HOVNANIAN HOUSTON KATY POINTE, LLC


K. HOVNANIAN HOUSTON LAKES OF BELLA TERRA WEST, LLC


K. HOVNANIAN HOUSTON LAUREL GLEN, LLC


K. HOVNANIAN HOUSTON MAGNOLIA CREEK, LLC


K. HOVNANIAN HOUSTON MIDTOWN PARK I, LLC


K. HOVNANIAN HOUSTON PARK LAKES EAST, LLC


K. HOVNANIAN HOUSTON PARKWAY TRAILS, LLC


K. HOVNANIAN HOUSTON PROPERTY I, LLC


K. HOVNANIAN HOUSTON PROPERTY II, LLC


K. HOVNANIAN HOUSTON RIVER FARMS, LLC


K. HOVNANIAN HOUSTON SUNSET RANCH, LLC


K. HOVNANIAN HOUSTON TERRA DEL SOL, LLC


K. HOVNANIAN HOUSTON THUNDER BAY SUBDIVISION, LLC


K. HOVNANIAN HOUSTON TRANQUILITY LAKE ESTATES, LLC


K. HOVNANIAN HOUSTON WOODSHORE, LLC


K. HOVNANIAN ILLINOIS NEW GC, LLC


K. HOVNANIAN ILLINOIS OPERATIONS, LLC


K. HOVNANIAN INDIAN TRAILS, LLC


K. HOVNANIAN IVY TRAIL, LLC


K. HOVNANIAN JV HOLDINGS, L.L.C.


K. HOVNANIAN JV SERVICES COMPANY, L.L.C.


K. HOVNANIAN LADUE RESERVE, LLC


K. HOVNANIAN LAKE GRIFFIN RESERVE, LLC


K. HOVNANIAN LAKE PARKER, LLC


K. HOVNANIAN LAKES OF GREEN, LLC


K. HOVNANIAN LANDINGS 40S, LLC


K. HOVNANIAN LEGACY AT VIA BELLA, LLC


K. HOVNANIAN LIBERTY ON BLUFF CREEK, LLC


K. HOVNANIAN MAGNOLIA AT WESTSIDE, LLC


K. HOVNANIAN MANALAPAN ACQUISITION, LLC


K. HOVNANIAN MARYLAND DIVISION, LLC


K. HOVNANIAN MARYLAND REGION, INC.


K. HOVNANIAN MEADOW LAKES, LLC


K. HOVNANIAN MEADOW VIEW AT MOUNTAIN HOUSE, LLC


K. HOVNANIAN MONARCH GROVE, LLC


K. HOVNANIAN MONTCLAIRE ESTATES, LLC


K. HOVNANIAN NEW JERSEY NEW GC, LLC


K. HOVNANIAN NEW JERSEY OPERATIONS, LLC


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


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


 





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K. HOVNANIAN NORTHEAST DIVISION, INC.


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


K. HOVNANIAN NORTHERN CALIFORNIA DIVISION, LLC


K. HOVNANIAN NORTHERN OHIO DIVISION, LLC


K. HOVNANIAN NORTHPOINTE 40S, LLC


K. HOVNANIAN NORTON PLACE, LLC


K. HOVNANIAN OCOEE LANDINGS, LLC


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


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


K. HOVNANIAN OHIO NEW GC, LLC


K. HOVNANIAN OHIO OPERATIONS, LLC


K. HOVNANIAN OHIO REALTY, L.L.C.


K. HOVNANIAN OHIO REGION, INC.


K. HOVNANIAN OPERATIONS COMPANY, INC.


K. HOVNANIAN ORLANDO DIVISION, LLC


K. HOVNANIAN OSPREY RANCH, LLC


K. HOVNANIAN PA REAL ESTATE, INC.


K. HOVNANIAN PARKVIEW AT STERLING MEADOWS, LLC


K. HOVNANIAN PENNSYLVANIA BUILD ON YOUR LOT DIVISION, LLC


K. HOVNANIAN PENNSYLVANIA NEW GC, LLC


K. HOVNANIAN PENNSYLVANIA OPERATIONS, LLC


K. HOVNANIAN PHOENIX DIVISION, INC.


K. HOVNANIAN PHOENIX GROUP, LLC


K. HOVNANIAN PINEWOOD RESERVE, LLC


K. HOVNANIAN PORT IMPERIAL URBAN RENEWAL, INC.


K. HOVNANIAN PRESERVE AT TURTLE CREEK LLC


K. HOVNANIAN PROPERTIES OF RED BANK, LLC


K. HOVNANIAN REDFERN TRAILS, LLC


K. HOVNANIAN REYNOLDS RANCH, LLC


K. HOVNANIAN RIVENDALE, LLC


K. HOVNANIAN RIVERSIDE, LLC


K. HOVNANIAN RIVINGTON, LLC


K. HOVNANIAN SAN SEBASTIAN, LLC


K. HOVNANIAN SCHADY RESERVE, LLC


K. HOVNANIAN SERENO, LLC


K. HOVNANIAN SHERWOOD AT REGENCY, LLC


K. HOVNANIAN SOUTH CAROLINA NEW GC, LLC


K. HOVNANIAN SOUTH CAROLINA OPERATIONS, LLC


K. HOVNANIAN SOUTH FORK, LLC


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


K. HOVNANIAN SOUTHEAST COASTAL DIVISION, INC.


K. HOVNANIAN SOUTHEAST FLORIDA DIVISION, LLC


K. HOVNANIAN SOUTHERN CALIFORNIA DIVISION, LLC


K. HOVNANIAN SOUTHERN NEW JERSEY, L.L.C.


K. HOVNANIAN STERLING RANCH, LLC


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


 





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


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


K. HOVNANIAN TERRALARGO, LLC


K. HOVNANIAN TEXAS OPERATIONS NEW, LLC


K. HOVNANIAN TEXAS OPERATIONS, LLC


K. HOVNANIAN TIMBRES AT ELM CREEK, LLC


K. HOVNANIAN UNION PARK, LLC


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


K. HOVNANIAN VILLAGE GLEN, LLC


K. HOVNANIAN VIRGINIA DIVISION, INC.


K. HOVNANIAN VIRGINIA NEW GC, LLC


K. HOVNANIAN VIRGINIA OPERATIONS, INC.


K. HOVNANIAN WATERBURY, LLC


K. HOVNANIAN WEST VIRGINIA BUILD ON YOUR LOT DIVISION, LLC


K. HOVNANIAN WEST VIRGINIA NEW GC, LLC


K. HOVNANIAN WEST VIRGINIA OPERATIONS, LLC


K. HOVNANIAN WHITE ROAD, LLC


K. HOVNANIAN WINDING BAY PRESERVE, LLC


K. HOVNANIAN WINDWARD HOMES, LLC


K. HOVNANIAN WOODLAND POINTE, LLC


K. HOVNANIAN WOODRIDGE PLACE, LLC


K. Hovnanian's Aegean at Asbury Park, LLC


K. HOVNANIAN'S ASPIRE AT UNION VILLAGE, LLC


K. HOVNANIAN'S COVE AT ASBURY PARK, LLC


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


K. HOVNANIAN'S FOUR SEASONS AT BAYMONT FARMS L.L.C.


K. HOVNANIAN'S FOUR SEASONS AT BEAUMONT, LLC


K. HOVNANIAN'S FOUR SEASONS AT BELLA VISTA, LLC


K. HOVNANIAN'S FOUR SEASONS AT BELLE TERRE, LLC


K. HOVNANIAN'S FOUR SEASONS AT BRIARGATE, LLC


K. HOVNANIAN'S FOUR SEASONS AT CAROLINA OAKS, LLC


K. HOVNANIAN'S FOUR SEASONS AT COLTS FARM, LLC


K. HOVNANIAN'S FOUR SEASONS AT KENT ISLAND II, LLC


K. HOVNANIAN'S FOUR SEASONS AT LOS BANOS, LLC


K. HOVNANIAN'S FOUR SEASONS AT MALIND BLUFF, LLC


K. HOVNANIAN'S FOUR SEASONS AT MORENO VALLEY, L.L.C.


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


K. HOVNANIAN'S FOUR SEASONS AT NEW LENOX, LLC


K. HOVNANIAN'S FOUR SEASONS AT PALM SPRINGS, LLC


K. HOVNANIAN'S FOUR SEASONS AT RUSH CREEK II, LLC


K. HOVNANIAN'S FOUR SEASONS AT RUSH CREEK, L.L.C.


K. HOVNANIAN'S FOUR SEASONS AT SILVER MAPLE FARM, L.L.C.


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


K. HOVNANIAN'S FOUR SEASONS AT THE MANOR II, LLC


K. HOVNANIAN'S FOUR SEASONS AT THE MANOR, LLC


K. HOVNANIAN'S FOUR SEASONS AT VIRGINIA CROSSING, LLC


 





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K. Hovnanian's Enclave at Old Tappan, LLC


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


K. HOVNANIAN'S PROSPECT PLACE AT MORRISTOWN, LLC


K. HOVNANIAN'S SONATA AT THE PRESERVE, LLC


K. HOVNANIAN'S VERANDA AT RIVERPARK II, LLC


K. HOVNANIAN'S VERANDA AT RIVERPARK, LLC


K. HOVNANIAN'S WOODLANDS AT FREEHOLD, LLC


KHH SHELL HALL LOAN ACQUISITION, LLC


KHOV WINDING BAY II, LLC


LANDARAMA, INC.


LINKS AT CALUSA SPRINGS, LLC


M & M AT MONROE WOODS, L.L.C.


M&M AT CHESTERFIELD, L.L.C.


M&M AT CRESCENT COURT, L.L.C.


M&M AT WEST ORANGE, L.L.C.


MATZEL & MUMFORD AT EGG HARBOR, L.L.C.


MCNJ, INC.


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


MIDWEST BUILDING PRODUCTS & CONTRACTOR SERVICES OF WEST VIRGINIA, L.L.C.


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


MM-BEACHFRONT NORTH I, LLC


NEW HOME REALTY, LLC


PARK TITLE COMPANY, LLC


PINE AYR, LLC


RIDGEMORE UTILITY L.L.C.


ROUTE 1 AND ROUTE 522, L.L.C.


SEABROOK ACCUMULATION CORPORATION


SHELL HALL CLUB AMENITY ACQUISITION, LLC


SHELL HALL LAND ACQUISITION, LLC


STONEBROOK HOMES, INC.


TERRAPIN REALTY, L.L.C.


THE MATZEL & MUMFORD ORGANIZATION, INC


TRAVERSE PARTNERS, LLC


WASHINGTON HOMES, INC.


WTC VENTURES, L.L.C.


 





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			By: 

				
			 

				
			 

			
	
			 

				
			 

				
			Name:

				
			 

			
	
			 

				
			 

				
			Title:

				
			 

			



 


 


 


This Guarantee relates to K. Hovnanian Enterprises, Inc.’s 11.25% Senior Secured 1.5 Lien Notes due 2026– CUSIP No.: 48251U AD0