Document:

Stock Purchase Agreement

 Exhibit 10.1 
  
 STOCK PURCHASE AGREEMENT 
  
 HomeBanc Corp. 
  
 4,250,000 Shares of Common Stock 
  
 July 19, 2004 
  
 GTCR Fund VII/A, L.P.

 6100 Sears Tower 
 Chicago, Illinois 60606-6402 
  
 Ladies and Gentlemen: 
  
 HomeBanc Corp., a Georgia corporation (the “Company”), proposes to issue and sell to GTCR Fund VII/A, L.P.
(the “Fund” or “you”) 4,250,000 shares of Common Stock, par value $0.01 per share (the “Shares”) of the Company. 
  
 The Company hereby confirms its agreement with you concerning the purchase and sale of the Shares, as follows: 

 
 1. Registration Statement. The Company has prepared and filed with
the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended, and the rules and regulations of the Commission thereunder (collectively, the “Securities Act”), a registration
statement (File No. 333-113777) including a prospectus, relating to the Shares. Such registration statement, as amended at the time it becomes effective, including the information, if any, deemed pursuant to Rule 430A under the Securities Act to be
part of the registration statement at the time of its effectiveness (“Rule 430 Information”), is referred to herein as the “Registration Statement”; and as used herein, the term “Preliminary Prospectus”
means each prospectus included in such registration statement (and any amendments thereto) before it becomes effective, any prospectus filed with the Commission pursuant to Rule 424(a) under the Securities Act and the prospectus included in the
Registration Statement at the time of its effectiveness that omits Rule 430A Information, and the term “Prospectus” means the prospectus in the form first used to confirm sales of the Shares. If the Company has filed an abbreviated
registration statement pursuant to Rule 462(b) under the Securities Act (the “Rule 462 Registration Statement”), then any reference herein to the term “Registration Statement” shall be deemed to include such Rule 462
Registration Statement. Capitalized terms used but not defined herein shall have the meanings given to such terms in the Registration Statement, the Prospectus and the Underwriting Agreement among the Company and the Underwriters dated as of July
13, 2004 (the “Underwriting Agreement”). 
  
 2.
Purchase of the Shares. (a) The Company agrees to sell 4,250,000 Shares to the Fund as provided in this Agreement, and the Fund, on the basis of the representations, warranties 

 and agreements set forth herein and subject to the conditions set forth herein, agrees to purchase from the Company at a
purchase price of $7.02 per Share (the “Purchase Price”) 4,250,000 Shares. 
  
 (b) Payment for the Shares shall be made by wire transfer in immediately available funds to the account specified by the Company to the Fund, at the offices of Cahill Gordon & Reindel LLP on the “Closing
Date,” as defined in the Underwriting Agreement. 
  
 Payment for the Shares to be purchased on the Closing Date shall be made against delivery to the Fund’s accounts of the Shares to be purchased on such date in definitive form registered in such names and in such denominations as the
Fund shall request in writing not later than two full business days prior to the Closing Date with any transfer taxes payable in connection with the sale of the Shares duly paid by the Company. 
  
 3. Representations and Warranties of the Company. The Company
represents and warrants to the Fund that: 
  
 (a) Preliminary
Prospectus. No order preventing or suspending the use of any Preliminary Prospectus has been issued by the Commission, and each Preliminary Prospectus, if any, distributed by the Underwriters that describes the Fund’s purchase of Shares in
the offering pursuant to the Registration Statement (the “Offering”), at the time of filing thereof, complied in all material respects with the Securities Act and did not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that the Company makes no representation and warranty
with respect to any statements or omissions made in reliance upon and in conformity with information relating to any Underwriter or any Fund furnished to the Company in writing by such Underwriter through the Representatives or by any Fund expressly
for use in any Preliminary Prospectus. 
  
 (b) Registration
Statement and Prospectus. No order suspending the effectiveness of the Registration Statement has been issued by the Commission and no proceeding for that purpose has been initiated or threatened by the Commission; as of the applicable effective
date of the Registration Statement which describes the Shares to be offered to the Fund and any amendment thereto, the Registration Statement complied and will comply in all material respects with the Securities Act, and did not and will not contain
any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein not misleading; and as of the applicable filing date of the Prospectus and any amendment or
supplement thereto and as of the Closing Date and as of the Additional Closing Date, as the case may be, the Prospectus will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that the Company makes no representation and warranty with respect to any statements or omissions made
in reliance upon and in conformity with information relating to any Underwriter or Fund, respectively, furnished to the Company in writing by such Underwriter through the Representatives or any Fund, respectively, expressly for use in the
Registration Statement and the Prospectus and any amendment or supplement thereto. 
  

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 (c) Financial Statements. The financial statements and the related notes thereto included in the
Registration Statement and the Prospectus comply in all material respects with the applicable requirements of the Securities Act and the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission thereunder
(collectively, the “Exchange Act”), as applicable, and present fairly in all material respects the consolidated financial position of the HBMC Holdings, LLC (“Holdings”) and its consolidated subsidiaries, including
Abetterwayhome Corp. and HomeBanc Mortgage Corporation, as of the dates indicated and the consolidated results of their operations and the changes in their consolidated cash flows for the periods specified; such financial statements have been
prepared in conformity with generally accepted accounting principles applied on a consistent basis throughout the periods covered thereby, and the supporting schedules included in the Registration Statement present fairly in all material respects
the information required to be stated therein; and the other financial information regarding the consolidated results of operations, financial condition and changes in cash flows included in the Registration Statement and the Prospectus has been
derived from the accounting records of Holdings and its subsidiaries and presents fairly in all material respects the information shown thereby; and the pro forma financial information included in the Registration Statement and the Prospectus
has been prepared in accordance with the applicable requirements of the Securities Act and the Exchange Act, as applicable, and the assumptions underlying such pro forma financial information are reasonable and are set forth in the
Registration Statement and the Prospectus. 
  
 (d) Organization
and Good Standing. The Company and each of its subsidiaries have been duly organized and are validly existing and in good standing under the laws of their respective jurisdictions of organization, are duly qualified to do business and are in
good standing in each jurisdiction in which their respective ownership or lease of property or the conduct of their respective businesses requires such qualification, and have all power and authority necessary to own or hold their respective
properties and to conduct the businesses in which they are engaged, except where the failure to be so qualified or have such power or authority would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on
the business, management, financial position, stockholders’ equity, results of operations or prospects of the Company and its subsidiaries taken as a whole (a “Material Adverse Effect”). References in this Agreement to the
subsidiaries of the Company shall be deemed to be references to the subsidiaries of the Company after giving effect to the Reorganization of the Company as described in the section entitled “Our reorganization” in the Registration
Statement and the Prospectus (the “Reorganization”). The subsidiaries listed in Schedule III to this Agreement are the only subsidiaries of the Company. 
  
 (e) No Material Adverse Change. Since the date of the most recent financial statements of Holdings included in the
Registration Statement and the Prospectus, (i) there has not been any material change in the capital stock or long-term debt of the Company or any of its subsidiaries, or any dividend or distribution of any kind declared, set aside for payment, paid
or made by the Company on any class of capital stock, or any material adverse change, or any development involving a prospective material adverse change, in or affecting the business, prospects, management, financial position, stockholders’
equity, results of operations or prospects of the Company and its subsidiaries taken as a whole; (ii) neither the Company nor any of its subsidiaries 
  

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 has entered into any transaction or agreement that is material to the Company and its subsidiaries taken as a whole or
incurred any liability or obligation, direct or contingent, that is material to the Company and its subsidiaries taken as a whole; and (iii) neither the Company nor any of its subsidiaries has sustained any material loss or interference with its
business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor disturbance or dispute or any action, order or decree of any court or arbitrator or governmental or regulatory authority, except in each
case as otherwise disclosed in the Registration Statement and the Prospectus. 
  
 (f) Capitalization. The Company has an authorized capitalization as set forth in the Prospectus under the heading “Capitalization”; all the outstanding shares of capital stock of the Company have been
duly and validly authorized and issued and are fully paid and non-assessable and are not subject to any pre-emptive or similar rights; except as described in or expressly contemplated by the Prospectus, there are no outstanding rights (including,
without limitation, pre-emptive rights), warrants or options to acquire, or instruments convertible into or exchangeable for, any shares of capital stock or other equity interest in the Company or any of its subsidiaries, or any contract,
commitment, agreement, understanding or arrangement of any kind relating to the issuance of any capital stock of the Company or any such subsidiary, any such convertible or exchangeable securities or any such rights, warrants or options; the capital
stock of the Company conforms in all material respects to the description thereof contained in the Registration Statement and the Prospectus; and all the outstanding shares of capital stock or other equity interests of each subsidiary of the Company
have been duly and validly authorized and issued, are fully paid and non-assessable and are owned directly or indirectly by the Company, free and clear of any lien, charge, encumbrance, security interest, restriction on voting or transfer or any
other claim of any third party. 
  
 (g) Agreement. This
Agreement has been duly authorized, executed and delivered by the Company, and the Company has full right, power and authority to perform its obligations hereunder. 
  
 (h) The Shares. The Shares to be issued and sold by the Company hereunder have been duly authorized by the Company
and, when issued and delivered and paid for as provided herein, will be duly and validly issued and will be fully paid and nonassessable and will conform to the descriptions thereof in the Prospectus; and the issuance of the Shares is not subject to
any preemptive or similar rights. 
  
 (i) The
Reorganization. The Reorganization has been completed and conforms in all material respects to the description thereof contained in the Registration Statement and the Prospectus. 
  
 (j) No Violation or Default. Neither the Company nor any of its subsidiaries is (i) in violation of its charter or
by-laws or similar organizational documents; (ii) in default, and no event has occurred that, with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant or condition contained in
any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries 
  

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 is bound or to which any of the property or assets of the Company or any of its subsidiaries is subject; or (iii) in
violation of any law or statute or any judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority, except, in the case of clauses (ii) and (iii) above, for any such default or violation that would not,
individually or in the aggregate, have a Material Adverse Effect. 
  
 (k) No Conflicts. The execution, delivery and performance by the Company of this Agreement, the consummation of the Reorganization, the issuance and sale of the Shares to be sold by the Company pursuant to the Underwriting Agreement
and this Agreement and the consummation by the Company of the transactions contemplated by this Agreement have not and will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under,
or result in the creation or imposition of any lien, charge or encumbrance upon any material property or assets of the Company or any of its subsidiaries pursuant to, any indenture, mortgage, deed of trust, loan agreement or other agreement or
instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or any of its subsidiaries is subject, (ii) result in any
violation of the provisions of the charter or by-laws or similar organizational documents of the Company or any of its subsidiaries or (iii) result in the violation of any law or statute or any judgment, order, rule or regulation of any court or
arbitrator or governmental or regulatory authority. 
  
 (l) No
Consents Required. No consent, approval, authorization, order, registration or qualification of or with any court or arbitrator or governmental or regulatory authority is required for the execution, delivery and performance by the Company of
this Agreement, the issuance and sale of the Shares to be sold by the Company hereunder and the consummation by the Company of the transactions contemplated hereunder, except for the registration of the Shares under the Securities Act and the
Exchange Act and such consents, approvals, authorizations, orders and registrations or qualifications as may be required under applicable state securities laws in connection with the purchase of the Shares by the Funds. 
  
 (m) Legal Proceedings. Except as described in the Prospectus, there
are no legal, governmental or regulatory investigations, actions, suits or proceedings pending to which the Company or any of its subsidiaries is a party or to which any property of the Company or any of its subsidiaries is the subject that,
individually or in the aggregate, if determined adversely to the Company or any of its subsidiaries, could reasonably be expected to have a Material Adverse Effect or materially and adversely affect the ability of the Company to perform its
obligations under this Agreement; no such investigations, actions, suits or proceedings are, to the knowledge of the Company, threatened or contemplated by any governmental or regulatory authority or threatened by others; and (i) there are no
current or pending legal, governmental or regulatory actions, suits, proceedings, statutes or regulations that are required under the Securities Act to be described in the Prospectus that are not so described and (ii) there are no contracts or other
documents that are required under the Securities Act to be filed as exhibits to the Registration Statement or described in the Registration Statement or the Prospectus that are not so filed or described. 
  

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 (n) Independent Accountants. Ernst & Young LLP, who have certified the financial statements of
Holdings and its consolidated subsidiaries are independent public accountants with respect to Holdings, the Company and their respective subsidiaries as required by the Securities Act. 
  
 (o) Title to Real and Personal Property. The Company and its subsidiaries have good and marketable title in fee
simple to, or have valid rights to lease or otherwise use, all items of real and personal property that are material to the respective businesses of the Company and its subsidiaries, in each case free and clear of all liens, encumbrances, claims and
defects and imperfections of title except those that (i) do not materially interfere with the use made and proposed to be made of such property by the Company and its subsidiaries or (ii) would not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect. 
  
 (p) Title to
Intellectual Property. The Company and its subsidiaries own or possess adequate rights to use all material patents, patent applications, trademarks, service marks, trade names, trademark registrations, service mark registrations, copyrights,
licenses and know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures) (collectively, “Intellectual Property”) necessary for the conduct of their
respective businesses; and the Company and its subsidiaries have not received any notice of any claim that the conduct of their respective businesses conflict with or infringe upon in any respect any such rights of others, except where such conflict
or infringement would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
  
 (q) No Undisclosed Relationships. No relationship, direct or indirect, exists between or among the Company or any of its subsidiaries, on the one
hand, and the directors, officers, stockholders or customers of the Company or any of its subsidiaries, on the other, that is required by the Securities Act to be described in the Registration Statement and the Prospectus and that is not so
described. 
  
 (r) Investment Company Act. The Company is
not and, after giving effect to the offering and sale of the Shares and the application of the proceeds thereof as described in the Prospectus, will not be required to register as an “investment company” or an entity “controlled”
by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations of the Commission thereunder (collectively, “Investment Company Act”). 
  
 (s) Taxes. The Company and its subsidiaries have filed all necessary
U.S. federal, state, local and foreign income and franchise tax returns required to be filed through the date hereof and have paid all taxes shown as due thereon; and except as otherwise disclosed in the Prospectus, there is no tax deficiency that
has been, or, to the Company’s knowledge, is reasonably expected to be, asserted against the Company or any of its subsidiaries or any of their respective properties or assets, in each case, other than would not reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect. 
  
 (t) Licenses and Permits. The Company and its subsidiaries own, possess or have obtained all material licenses, permits, certificates, consents, orders, approvals and other authorizations 
  

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 from, and have made all declarations and filings with, all governmental authorities (including foreign regulatory
agencies), all self-regulatory organizations and all courts and other tribunals, domestic or foreign, necessary to own or lease, as the case may be, and to operate its properties and to carry on its business as conducted as of the date hereof, and
neither the Company nor any of its subsidiaries has received any actual notice of any proceeding relating to revocation or modification of any such license, permit, certificate, consent, order, approval or other authorization, except as described in
the Registration Statement and the Prospectus and except where the failure to own, possess or obtain or the revocation or modification would not, individually or in the aggregate, have a Material Adverse Effect; and the Company and its subsidiaries
are in compliance with all laws and regulations relating to the conduct of its business as conducted as of the date of the Prospectus, except as described in the Registration Statement and the Prospectus and except where failures to comply would
not, individually or in the aggregate, have a Material Adverse Effect. 
  
 (u) No Labor Disputes. No labor disturbance by or dispute with employees of the Company or any of its subsidiaries exists or, to the knowledge of the Company, is contemplated or threatened. 
  
 (v) Compliance With Environmental Laws. The Company and its
subsidiaries (i) are in compliance with any and all applicable federal, state, local and foreign laws, rules, regulations, decisions and orders relating to the protection of human health and safety, the environment or hazardous or toxic substances
or wastes, pollutants or contaminants (collectively, “Environmental Laws”); (ii) have received and are in compliance with all permits, licenses or other approvals required of them under applicable Environmental Laws to conduct their
respective businesses; and (iii) have not received notice of any actual or potential liability for the investigation or remediation of any disposal or release of hazardous or toxic substances or wastes, pollutants or contaminants, in each case
except for any such failure to comply, or failure to receive required permits, licenses or approvals, or liability as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
  
 (w) Compliance With ERISA. Each employee benefit plan, within the
meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), that is maintained, administered or contributed to by the Company or any of its affiliates for employees or former employees of
the Company and its affiliates has been maintained in compliance in all material respects with its terms and the requirements of any applicable statutes, orders, rules and regulations, including but not limited to ERISA and the Internal Revenue Code
of 1986, as amended (the “Code”); no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code, has occurred with respect to any such plan excluding transactions effected pursuant to a statutory
or administrative exemption; and for each such plan that is subject to the funding rules of Section 412 of the Code or Section 302 of ERISA, no “accumulated funding deficiency” as defined in Section 412 of the Code has been incurred,
whether or not waived, and the fair market value of the assets of each such plan (excluding for these purposes accrued but unpaid contributions) exceeds the present value of all benefits accrued under such plan determined using reasonable actuarial
assumptions. 
  

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 (x) Accounting Controls. The Company and its subsidiaries maintain systems of internal accounting
controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements
in conformity with generally accepted accounting principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability
for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. 
  
 (y) REIT Qualification. Upon completion of the transactions contemplated in the Prospectus (including the Reorganization) and the sale of the
Shares hereunder, the Company will be organized and operated in conformance with the requirements for qualification as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Code and the proposed method of
operation of the Company and its subsidiaries as described in the Prospectus will enable the Company to meet the requirements for taxation as a REIT under the Code. 
  
 (z) Insurance. The Company and its subsidiaries have insurance covering their respective properties, operations,
personnel and businesses, including business interruption insurance, which insurance is in amounts and insures against such losses and risks as are reasonable and customary for companies of similar size involved in similar businesses; and neither
the Company nor any of its subsidiaries has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage at reasonable cost as may be necessary to continue
its business. 
  
 (aa) No Unlawful Payments. Neither the
Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee or other person associated with or acting on behalf of the Company or any of its subsidiaries has (i) used any corporate funds for any
unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii) violated or
is in violation of any provision of the Foreign Corrupt Practices Act of 1977; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment. 
  
 (bb) No Restrictions on Subsidiaries. Except as described in the Prospectus, no subsidiary of the Company (other than
any taxable REIT subsidiary) is currently prohibited, directly or indirectly, under any agreement or other instrument to which it is a party or is subject, from paying any dividends to the Company, from making any other distribution on such
subsidiary’s capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary’s properties or assets to the Company or any other subsidiary of the Company.

  
 (cc) No Broker’s Fees. Except as disclosed in the
Prospectus, neither the Company nor any of its subsidiaries is a party to any contract, agreement or understanding with any person (other than the Underwriting Agreement) that would give rise to a valid claim against the Company or any of its
subsidiaries or any Underwriter for a brokerage commission, finder’s fee or like payment in connection with the offering and sale of the Shares. 
  

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 (dd) No Registration Rights. No person has the right to require the Company or any of its
subsidiaries to register any securities for sale under the Securities Act by reason of the filing of the Registration Statement with the Commission or the issuance and sale of the Shares to be sold by the Company hereunder. 
  
 (ee) No Stabilization. The Company has not taken, directly or
indirectly, any action designed to or that could reasonably be expected to cause or result in any stabilization or manipulation of the price of the Shares. 
  
 (ff) Margin Rules. Neither the issuance, sale and delivery of the Shares nor the application of the proceeds thereof by the Company as described in
the Registration Statement and the Prospectus will violate Regulation T, U or X of the Board of Governors of the Federal Reserve System or any other regulation of such Board of Governors. 
  
 (gg) Forward-Looking Statements. No forward-looking statement (within the meaning of Section 27A of the Securities
Act and Section 21E of the Exchange Act) contained in the Registration Statement and the Prospectus has been made or reaffirmed without a reasonable basis or has been disclosed other than in good faith. 
  
 (hh) Statistical and Market Data. Nothing has come to the attention of
the Company that has caused the Company to believe that the statistical and market-related data included in the Registration Statement and the Prospectus is not based on or derived from sources that are reliable and accurate in all material
respects. 
  
 (ii) Sarbanes-Oxley Act. There is and has
been no failure on the part of the Company or any of the Company’s directors or officers, in their capacities as such, to comply with any provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection
therewith that are applicable to the Company and its subsidiaries. 
  
 4. Further Agreements of the Company. The Company covenants and agrees with each Fund that: 
  
 (a) Effectiveness of the Registration Statement. The Company will use its reasonable best efforts to cause the Registration Statement, if not
effective at the time of execution of this Agreement, to become effective at the earliest possible time. If required, the Company will file the final Prospectus with the Commission within the time periods specified by Rule 424(b) and Rule 430A under
the Securities Act. 
  
 (b) Amendments or Supplements.
Before filing any amendment or supplement to the Registration Statement or the Prospectus, the Company will furnish to the Fund and counsel for the Fund a copy of the proposed amendment or supplement for review and will not file any such proposed
amendment or supplement to which the Representatives reasonably and promptly object. 
  
 (c) Notices to the Fund. The Company will advise the Fund promptly, and confirm such advice in writing, (i) when the Registration Statement has become effective; (ii) when any 
  

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 amendment to the Registration Statement has been filed or becomes effective; (iii) when any supplement to the Prospectus
or any amendment to the Prospectus has been filed; (iv) of any request by the Commission for any amendment to the Registration Statement or any amendment or supplement to the Prospectus or the receipt of any comments from the Commission relating to
the Registration Statement or any other request by the Commission for any additional information; (v) of the issuance by the Commission of any order suspending the effectiveness of the Registration Statement or preventing or suspending the use of
any Preliminary Prospectus or the Prospectus or the initiation or threatening of any proceeding for that purpose; (vi) of the occurrence of any event within the Prospectus Delivery Period as a result of which the Prospectus as then amended or
supplemented would include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Prospectus is delivered to a purchaser, not
misleading; and (vii) of the receipt by the Company of any notice with respect to any suspension of the qualification of the Shares for offer and sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and the
Company will use its best efforts to prevent the issuance of any such order suspending the effectiveness of the Registration Statement, preventing or suspending the use of any Preliminary Prospectus or the Prospectus or suspending any such
qualification of the Shares and, if any such order is issued, will obtain as soon as possible the withdrawal thereof. 
  
 (d) Earning Statement. The Company will make generally available to its security holders and the Fund, in the time frame and in the manner
contemplated by Rule 158, an earning statement that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 of the Commission promulgated thereunder covering a period of at least twelve months beginning with the first fiscal
quarter of the Company occurring after the “effective date” (as defined in Rule 158) of the Registration Statement. 
  
 (e) Use of Proceeds. The Company will apply the net proceeds from the sale of the Shares as described in the Prospectus under the heading “Use
of proceeds.” 
  
 (f) No Stabilization. The Company
will not take, directly or indirectly, any action designed to or that could reasonably be expected to cause or result in any stabilization or manipulation of the price of the Shares. 
  
 (g) Exchange Listing. The Company will use its best efforts to list, subject to notice of issuance, the Shares on the
New York Stock Exchange (the “Exchange”). 
  
 (h)
Reports. For a period of five (5) years from the Closing Date, the Company will furnish to the Fund, as soon as they are available, copies of all reports or other communications (financial or other) furnished to holders of the Shares, and
copies of any reports and financial statements furnished to or filed with the Commission or any national securities exchange or automatic quotation system; provided that such reports or other communications are not available to the Fund on
the website of the Commission. 
  
 (i) Filings. The Company
will file with the Commission such reports as may be required by Rule 463 under the Securities Act. 
  

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 (j) REIT Qualification. The Company will properly and timely elect to be taxed as a REIT under the
Code commencing with its taxable year ending December 31, 2004. 
  
 (k) NYSE Compliance. The Company will comply with Section 303A of the New York Stock Exchange Listed Company Manual (after giving effect to any applicable grace periods therein). 
  
 5. Conditions of Fund’s Obligations. The obligation of the Fund
to purchase the Shares on the Closing Date as provided herein is subject to the performance by the Company of its covenants and other obligations hereunder and to the following additional conditions: 
  
 (a) Sale of Shares to Underwriters. The closing of the sale of Shares
to the Underwriters pursuant to the Underwriting Agreement shall have occurred. 
  
 (b) Registration Compliance; No Stop Order. The Registration Statement (or if a post-effective amendment thereto is required to be filed under the Securities Act, such post-effective amendment) shall have
become effective, and the Fund shall have received notice thereof on the date hereof; no order suspending the effectiveness of the Registration Statement shall be in effect, and no proceeding for such purpose shall be pending before or threatened by
the Commission; the Prospectus shall have been timely filed with the Commission under the Securities Act and in accordance with Section 4(a) hereof; and all requests by the Commission for additional information shall have been complied with to the
reasonable satisfaction of the Representatives. 
  
 (c)
Representations and Warranties. The representations and warranties of the Company contained herein shall be true and correct on the date hereof and on and as of the Closing Date (except that if a representation and warranty is made as of a
specific date, and such date is expressly referred to therein, such representation and warranty shall be true and correct as of such date); and the statements of the Company and its officers made in any certificates delivered pursuant to this
Agreement shall be true and correct on and as of the Closing Date (except that if a statement is made as of a specific date, and such date is expressly referred to in the applicable certificate, such statement shall be true and correct as of such
date);. 
  
 (d) No Downgrade. Subsequent to the execution
and delivery of this Agreement, (i) no downgrading shall have occurred in the rating accorded any securities or preferred stock of or guaranteed by the Company or any of its subsidiaries by any “nationally recognized statistical rating
organization,” as such term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act and (ii) no such organization shall have publicly announced that it has under surveillance or review, or has changed its outlook
with respect to, its rating of any securities or preferred stock of or guaranteed by the Company or any of its subsidiaries (other than an announcement with positive implications of a possible upgrading). 
  
 (e) No Material Adverse Change. Subsequent to the execution and
delivery of this Agreement, no event or condition of a type described in Section 3(e) hereof shall have occurred or shall exist, which event or condition is not described in the Prospectus (excluding any amendment or supplement thereto). 

 

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 (f) Officer’s Certificate. The Fund shall have received on and as of the Closing Date, a
certificate of the chief financial officer, chief operating officer or chief accounting officer of the Company and one additional senior executive officer of the Company delivered to the Underwriters pursuant to the Underwriting Agreement (a)
confirming that such officers have carefully reviewed the Registration Statement and the Prospectus and, to the knowledge of such officers, the representation of the Company set forth in Section 3(b) hereof is true and correct, (b) confirming that
the other representations and warranties of the Company in this Agreement are true and correct and that the Company has complied with all agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to such
Closing Date and (c) to the effect set forth in paragraphs (a), (c) and (d) above. 
  
 (g) Opinions of Counsel for the Company. Alston & Bird LLP, counsel for the Company, shall have furnished to the Fund, at the request of the Company, their written opinion, dated the Closing Date and
delivered to the Underwriters pursuant to the Underwriting Agreement together with a reliance letter to the Fund. Charles W. McGuire, general counsel of the Company, shall have furnished to the Fund, at the request of the Company, his written
opinion, dated the Closing Date and delivered to the Underwriters pursuant to the Underwriting Agreement together with a reliance letter addressed to the Fund. 
  

(h) No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted
or issued by any federal, state or foreign governmental or regulatory authority that would, as of the Closing Date, prevent the issuance or sale of the Shares; and no injunction or order of any federal, state or foreign court shall have been issued
that would, as of the Closing Date, prevent the issuance or sale of the Shares. 
  
 (i) Good Standing. The Fund shall have received on and as of the Closing Date or the Additional Closing Date, as the case may be, satisfactory evidence of the good standing of the Company and its subsidiaries
in their respective jurisdictions of organization and their good standing as foreign entities in such other jurisdictions as the Fund may reasonably request, in each case in writing or any standard form of telecommunication from the appropriate
governmental authorities of such jurisdictions. 
  
 (j)
Exchange Listing. The Shares to be delivered on the Closing Date, shall have been approved for listing on the Exchange, subject to official notice of issuance. 
  
 (k) Reorganization. The Reorganization described in the Prospectus under the section entitled “Our
reorganization” shall have been completed prior to the Closing Date. 
  
 (l) Additional Documents. On or prior to the Closing Date or the Additional Closing Date, as the case may be, the Company shall have furnished to the Fund such further certificates and documents as the Fund may
reasonably request. 
  
 All opinions, letters, certificates and
evidence mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof if they are in form and substance reasonably satisfactory to counsel for the Underwriters as provided in the Underwriting
Agreement. 
  

 -12- 

 6. Indemnification and Contribution. 
  
 (a) Indemnification of the Fund by the Company. The Company agrees to
indemnify and hold harmless the Fund, its affiliates, directors and officers and each person, if any, who controls such Fund within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any and all
losses, claims, damages and liabilities (including, without limitation, reasonable legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are incurred), joint or
several, that arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement or the Prospectus (or any amendment or supplement thereto) or any Preliminary Prospectus, or
caused by any omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, except
insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Fund
furnished to the Company in writing by such Fund through the Representatives expressly for use therein. 
  
 (b) Indemnification of the Company. The Fund agrees to indemnify and hold harmless the Company, its directors, its officers who signed the
Registration Statement and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (other than the Fund and its directors, executive officers and controlling persons) to
the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission
made in reliance upon and in conformity with any information relating to the Fund furnished to the Company in writing by the Fund through its representatives expressly for use in the Registration Statement and the Prospectus, it being understood and
agreed upon that the only such information provided by the Fund consists of the following information in the Prospectus: the second, third, fourth, fifth, sixth, seventh and ninth sentences of footnote 2 to the table appearing under the caption
“Principal shareholders”: the information regarding the Fund contained in paragraph 1 under the caption “Shares eligible for future sale – Sales of Restricted Shares; and the twentieth paragraph under the caption
“Underwriting”; provided, however, that the Fund shall not be liable under this paragraph 6(b) for any amount in excess of the amount obtained by multiplying the number of Shares purchased by the Fund by the difference between the
Purchase Price and the price to the public of the Shares offered by the Prospectus. 
  
 (c) Notice and Procedures. If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against any person in respect of which
indemnification may be sought pursuant to the preceding paragraphs of this Section 6, such person (the “Indemnified Person”) shall promptly notify the person against whom such indemnification may be sought (the “Indemnifying
Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under this Section 6 except to the extent that it has been materially prejudiced (through the
forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have to an 
  

 -13- 

 Indemnified Person otherwise than under this Section 6. If any such proceeding shall be brought or asserted against an
Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to
indemnification pursuant to this Section 6 that the Indemnifying Person may designate in such proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person
shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary;
(ii) the Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that
are different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of
both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the Indemnifying Person shall not, in connection with any proceeding or related proceeding in the
same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses shall be paid or reimbursed as they are incurred. Any such
separate firm for the Fund, its affiliates, directors and officers and any control persons of such Fund shall be designated in writing by the Fund, any such separate firm for the Company, its directors, its officers who signed the Registration
Statement and any control persons of the Company shall be designated in writing by the Company. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent
or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any
time an Indemnified Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees and expenses of counsel as contemplated by this paragraph, the Indemnifying Person shall be liable for any settlement of any
proceeding effected without its written consent if (i) such settlement is entered into more than 30 days after receipt by the Indemnifying Person of such request and (ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in
accordance with such request prior to the date of such settlement. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified
Person is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (x) includes an unconditional release of such Indemnified Person, in form and substance reasonably
satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (y) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any
Indemnified Person. 
  
 (d) Contribution. If the
indemnification provided for in paragraphs (a), (b) and (c) above is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such
paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid 
  

 -14- 

 or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion
as is appropriate to reflect the relative benefits received by the Company and the Fund from the offering of the Shares or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to
reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Company and the Fund in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any
other relevant equitable considerations. The relative benefits received by the Company and the Fund shall be deemed to be in the same respective proportions as the net proceeds (before deducting expenses) received by the Company from the sale of the
Shares, and, with respect to the Fund, the total obtained by multiplying the number of Shares purchased by the Fund by the difference between the Purchase Price and the price to the public of the Shares offered by the Prospectus, in each case as set
forth in the Prospectus. The relative fault of the Company and the Fund on the one hand and the Underwriters on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or
the omission or alleged omission to state a material fact relates to information supplied by the Company or the Fund and the respective parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission. 
  
 (e) Limitation on Liability. The
Company and the Fund agree that it would not be just and equitable if contribution pursuant to this Section 6 were determined by pro rata allocation (even if the Company or the Fund on the other were treated as one entity for such purpose) or
by any other method of allocation that does not take account of the equitable considerations referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred
to in paragraph (d) above shall be deemed to include, subject to the limitations set forth above, any reasonable legal or other expenses incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions
of this Section 6, in no event shall the Fund be required to contribute any amount in excess of the amount obtained by multiplying the number of Shares purchased by the Fund by the difference between the Purchase Price and the price to the public of
the Shares offered by the Prospectus. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. 
  
 (f) Non-Exclusive Remedies. The
remedies provided for in this Section 6 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any Indemnified Person at law or in equity. 
  
 7. Effectiveness of Agreement. This Agreement shall become effective upon the later of (i) the execution and delivery
hereof by the parties hereto and (ii) receipt by the Company and the Representatives of notice of the effectiveness of the Registration Statement (or, if applicable, any post-effective amendment thereto). 
  
 8. Termination. This Agreement shall be automatically terminated if
the Underwriting Agreement is terminated by the Representatives. 
  

 -15- 

 9. Payment of Expenses. (Whether or not the transactions contemplated by this Agreement are
consummated or this Agreement is terminated, the Company will pay or cause to be paid all costs and expenses incident to the performance of its obligations hereunder, including without limitation, (i) the costs incident to the authorization,
issuance, sale, preparation and delivery of the Shares and any taxes payable in that connection; (ii) the costs incident to the preparation, printing and filing under the Securities Act of the Registration Statement, the Preliminary Prospectus and
the Prospectus (including all exhibits, amendments and supplements thereto) and the distribution thereof; (iii) the costs of reproducing and distributing this Agreement; (iv) the fees and expenses of the Company’s counsel and independent
accountants; (v) the fees and expenses incurred in connection with the registration or qualification and determination of eligibility for investment of the Shares under the laws of such jurisdictions as the Representatives may designate and the
preparation, printing and distribution of a Blue Sky Memorandum (including the related fees and expenses of counsel for the Underwriters); (vi) the cost of preparing stock certificates; (vii) the costs and charges of any transfer agent and any
registrar; (viii) all expenses and application fees incurred in connection with any filing with, and clearance of the offering by, the National Association of Securities Dealers, Inc.; (ix) all expenses incurred by the Company in connection with any
“road show” presentation to potential investors; and (x) all expenses and application fees related to the listing of the Shares on the Exchange. The Fund shall not be responsible for the payment of any expenses of the Underwriters,
including fees and expenses of their counsel. Except as provided in Section 6 and this Section 9 hereof, the Company shall not be responsible for the payment of any expenses of the Fund including fees and expenses of their counsel. 
  
 10. Persons Entitled to Benefit of Agreement. This Agreement shall
inure to the benefit of and be binding upon the parties hereto and their respective successors and the officers and directors and any controlling persons referred to in Section 6 hereof. Nothing in this Agreement is intended or shall be construed to
give any other person any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein. No purchaser or distributee of Shares from any Fund shall be deemed to be a successor merely by reason of
such purchase or distribution. 
  
 11. Survival. The
respective indemnities, rights of contribution, representations, warranties and agreements of the Company and the Fund contained in this Agreement or made by or on behalf of the Company or the Fund pursuant to this Agreement or any certificate
delivered pursuant hereto shall survive the delivery of and payment for the Shares and shall remain in full force and effect, regardless of any termination of this Agreement or any investigation made by or on behalf of the Company or the
Underwriters. 
  
 12. Certain Defined Terms. For purposes
of this Agreement, (a) except where otherwise expressly provided, the term “affiliate” has the meaning set forth in Rule 405 under the Securities Act; (b) the term “business day” means any day other than a day on which banks are
permitted or required to be closed in New York City; and (c) the term “subsidiary” has the meaning set forth in Rule 405 under the Securities Act. 
  

 -16- 

 13. Miscellaneous. 
  
 Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or
transmitted and confirmed by any standard form of telecommunication. Notices to the Fund shall be given to GTCR Golder Rauner, L.L.C., 6100 Sears Tower, Chicago, Illinois 60606-6402 (Fax: (312)382-2201); Attention: Edgar D. Jannotta, Jr. and Daniel
L. Timm, with a copy to Michael H. Weed, Esq., Kirkland & Ellis, 200 East Randolph Drive, Chicago, Illinois 60601 (Fax: (312)861-2200). Notices to the Company shall be given to it at 2002 Summit Boulevard, Suite 100, Atlanta, Georgia 30319,
(Fax: (404) 303-4069); Attention: Patrick S. Flood, with a copy to Ralph F. MacDonald III, Esq., Alston & Bird LLP, 1201 West Peachtree Street, Atlanta, Georgia 30309-3434 (Fax: (404) 881-4777). 
  
 Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York. 
  
 Counterparts. This Agreement may be signed in counterparts (which may include counterparts delivered by any standard form of telecommunication), each of which shall be an original and all of which together shall constitute one and
the same instrument. 
  
 Amendments or Waivers. No
amendment or waiver of any provision of this Agreement, nor any consent or approval to any departure therefrom, shall in any event be effective unless the same shall be in writing and signed by the parties hereto. 
  
 Headings. The headings herein are included for convenience of
reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Agreement. 
  

 -17- 

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

			
	 HOMEBANC CORP.

		
	 By:
	 	 /s/ Patrick S. Flood

	 Its:
	 	 Patrick S. Flood

	 	 	 Chief Executive Officer

	
	 GTCR FUND VII/A, L.P.

		
	 By:
	 	 GTCR Partners VII, L.P.

	 Its:
	 	 General Partner

		
	 By:
	 	 GTCR Golder Rauner, L.L.C.

	 Its:
	 	 General Partner

		
	 By:
	 	 /s/ Edgar D. Jannotta, Jr.

	 Name:
	 	 Edgar D. Jannotta, Jr.

	 Its:
	 	 Principal

  
 Accepted and agreed as of: July
19, 2004 
  

 -18-Amended and Restated Registration Agreement

 Exhibit 10.2 
  
 AMENDED AND RESTATED REGISTRATION AGREEMENT 
  
 THIS REGISTRATION AGREEMENT (this “Agreement”) is made as of July 13, 2004, by and among (i) HomeBanc
Corp., a Georgia corporation (the “Company”), (ii) GTCR Fund VII, L.P., a Delaware limited partnership (“Fund VII”), GTCR Fund VII/A, L.P., a Delaware limited partnership (“Fund VII/A”), GTCR
Co-Invest, L.P., a Delaware limited partnership (“Co-Invest L.P.”), and any other investment fund managed by GTCR Golder Rauner, L.L.C. (“Manager”) that at any time holds Registrable Securities (as defined herein)
acquired from Fund VII, Fund VII/A or Co-Invest L.P. and executes a counterpart of this Agreement or otherwise agrees to be bound by this Agreement (each, an “Investor” and collectively, the “Investors”, and each as
set forth on the attached “Schedule of Holders” under the heading “Investors”). Unless otherwise provided in this Agreement, capitalized terms used herein shall have the meanings set forth in Section 6 hereof. This
Agreement replaces and supersedes in its entirety, the Registration Agreement among the Company, Fund VII and Co-Invest L.P. dated as of June 14, 2004 (the “Original Agreement”), which shall have no further force and effect.

  
 The parties hereto agree as follows: 
  
 1. Piggyback Registrations. 
  
 (a) Right to Piggyback. Whenever the Company proposes to register any
of its securities (including any proposed registration of the Company’s securities by any third party) under the Securities Act (other than the initial public offering of the Company’s securities or in connection with registrations on form
S-4, S-8 or any successor or similar forms or on form S-3 in connection with a dividend reinvestment and/or direct investment plan, any employment benefit plan or the exercise or conversion by employees or lenders of options, warrants or similar
rights) and the registration form to be used may be used for the registration of Registrable Securities (a “Piggyback Registration”), the Company shall give prompt written notice (and in any event within three business days after
its receipt of notice of any exercise of demand registration rights other than under this Agreement) to all holders of Registrable Securities of its intention to effect such a registration and shall include in such registration all Registrable
Securities with respect to which the Company has received written requests from the Investors for inclusion therein within 20 days after the Investors’ receipt of the Company’s notice. 
  
 (b) Piggyback Expenses. The Company shall pay all Registration
Expenses in connection with Piggyback Registrations. 
  
 (c)
Priority on Primary Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of the Company, and the managing underwriters advise the Company in writing that, in their opinion, the number of securities
requested to be included in such registration exceeds the number which can be sold in an orderly manner in such offering within a price range acceptable to the Company, then the Company shall include in such registration (i) first, the securities
the Company proposes to sell, (ii) second, the Registrable Securities requested to be included in such registration, pro rata among the Investors on the basis of the number of Registrable Securities owned by each such Investor and (iii) third, the
other securities requested to be included in such registration. 

 (d) Priority on Secondary Registrations. If a Piggyback Registration is an underwritten secondary
registration on behalf of holders of the Company’s securities other than the Investors, and the managing underwriters advise the Company in writing that, in their opinion, the number of securities requested to be included in such registration
exceeds the number which can be sold in an orderly manner in such offering within a price range acceptable to the holders of a majority of the securities to be included in such registration, then the Company shall include in such registration (i)
first, the securities requested to be included therein by the holders requesting such registration, (ii) second, the Registrable Securities requested to be included in such registration, pro rata among the Investors on the basis of the number of
Registrable Securities owned by each such Investor and (iii) third, the other securities requested to be included in such registration. 
  
 2. Registration Procedures. Whenever the holders of Registrable Securities have requested that any Registrable Securities be registered pursuant to
this Agreement, the Company shall use its commercially reasonable efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of disposition thereof, and pursuant thereto the Company shall as
expeditiously as possible: 
  
 (a) notify in writing the Manager
of the effectiveness of each registration statement filed hereunder and prepare and file with the Securities and Exchange Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as
may be necessary to keep such registration statement effective for a period of not less than 90 days (or, if such registration statement relates to an underwritten offering, such shorter period as in the opinion of counsel for the Company a
prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer) and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such
registration statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such registration statement; 
  
 (b) furnish to each seller of Registrable Securities such number of copies of such registration statement, each amendment
and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus), and such other documents as such seller may reasonably request in order to facilitate the disposition of the Registrable
Securities owned by such seller; 
  
 (c) use commercially
reasonable efforts to register, qualify, or exempt such Registrable Securities under such other securities or blue sky laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be reasonably
necessary or advisable to enable such seller of Registrable Securities to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller of Registrable Securities (provided that the Company shall not be required
to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 2(c), (ii) subject itself to taxation in any such jurisdiction, or (iii) consent to general service of process in
any such jurisdiction); 
  

 2 

 (d) promptly notify in writing each seller of such Registrable Securities, at any time when a prospectus
relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included in such registration statement contains an untrue statement of a material fact or omits any fact
necessary to make the statements therein not misleading in light of the circumstances under which they were made, whereupon no selling shareholder shall use such prospectus, and, at the request of the Manager, the Company shall promptly prepare and
furnish to each such seller a reasonable number of copies of a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall not contain an untrue statement of a
material fact or omit to state any fact necessary to make the statements therein not misleading in light of the circumstances under which they were made; 
  
 (e) cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed and,
if not so listed, to be listed on the NASD automated quotation system and, if listed on the NASD automated quotation system, use its commercially reasonable efforts to secure designation of all such Registrable Securities covered by such
registration statement as a NASDAQ “national market system security” within the meaning of Rule 11Aa2-1 of the Securities and Exchange Commission (to the extent the Company and its securities meet the qualifications thereto) or, failing
that, to secure NASDAQ authorization for such Registrable Securities; and 
  
 (f) provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration statement. 
  
 3. Registration Expenses. 
  

(a) Subject to Section 3(b) below, all expenses incident to the Company’s performance of or compliance with this Agreement, including all
registration and filing fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, travel expenses, filing expenses, messenger and delivery expenses, fees and disbursements of custodians, and fees and disbursements of
counsel for the Company, and fees and disbursements of all independent certified public accountants, underwriters including, if necessary, a “qualified independent underwriter” within the meaning of the rules of the National Association of
Securities Dealers, Inc. (in each case, excluding discounts and commissions), and other Persons retained by the Company or by holders of Registrable Securities or their affiliates on behalf of the Company (all such expenses being herein called
“Registration Expenses”), shall be borne as provided in this Agreement, except that the Company shall, in any event, pay its internal expenses (including all salaries and expenses of its officers and employees performing legal or
accounting duties), the expense of any annual audit or quarterly review, the expense of any liability insurance, and the expenses and fees for listing the securities to be registered on each securities exchange on which similar securities issued by
the Company are then listed or on the NASD automated quotation system (or any successor or similar system). 
  
 (b) In connection with each Piggyback Registration, the Company shall reimburse the holders of Registrable Securities included in such registration for
the reasonable fees and disbursements of one counsel chosen by the holders of a majority of the Registrable Securities included in such registration. 
  

 3 

 (c) To the extent Registration Expenses are not required to be paid by the Company, each holder of
securities included in any registration statement hereunder shall pay those Registration Expenses allocable to the registration of such holder’s securities so included, and any Registration Expenses not so allocable, including such
holder’s pro rata share of any underwriting costs and fees, shall be borne by all sellers of securities included in such registration in proportion to the aggregate selling price of the securities to be so registered. 
  
 4. Indemnification. 
  
 (a) The Company agrees to indemnify and hold harmless, to the fullest extent
permitted by law, each holder of Registrable Securities, its officers, directors, agents, and employees, and each Person who controls such holder (within the meaning of the Securities Act) against all losses, claims, demands, damages, liabilities,
and expenses (or actions, investigations or proceedings, whether commenced or threatened, in respect thereof), whether joint and several or several, together with reasonable costs and expenses (including reasonable attorneys’ fees) to which any
such indemnified party may become subject under the Securities Act or otherwise (collectively, “Losses”) caused by, resulting from, arising out of, based upon, or relating to any untrue or alleged untrue statement of material fact
contained in (i) (A) any registration statement, prospectus or preliminary prospectus, or any amendment thereof or supplement thereto or (B) any application or other document or communication (in this Section 4, collectively called an
“application”) executed by or on behalf of the Company or based upon written information furnished by or on behalf of the Company filed in any jurisdiction in order to qualify any securities covered by such registration under the
“blue sky” or securities laws thereof or (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, and the Company will reimburse such holder and each
such director, officer, and controlling Person for any legal or any other expenses incurred by them in connection with investigating, defending or settling any such Losses; provided that the Company shall not be liable in any such case to the extent
that any such Losses result from, arise out of, are based upon, or relate to an untrue statement or alleged untrue statement, or omission or alleged omission, made in such registration statement, any such prospectus, or preliminary prospectus or any
amendment or supplement thereto, or in any application, in reliance upon, and in conformity with, written information prepared and furnished in writing to the Company or the underwriters by such holder expressly for use therein or by such
holder’s failure to deliver a copy of the registration statement or prospectus or any amendments or supplements thereto after the Company has furnished such holder with a sufficient number of copies of the same. In connection with an
underwritten offering, the Company shall indemnify such underwriters, their officers, employees and directors, and each Person who controls such underwriters (within the meaning of the Securities Act or the Securities Exchange Act) to the same
extent as provided above with respect to the indemnification of the holders of Registrable Securities. 
  
 (b) In connection with any registration statement in which a holder of Registrable Securities is participating, each such holder will furnish to the
Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such registration statement or prospectus and, to the fullest extent permitted by law, shall indemnify and hold harmless the other
holders of Registrable Securities and the Company, and their respective officers, directors, agents, and employees, and each other Person who controls the Company (within the meaning of the Securities Act or the Securities Exchange Act) against

  

 4 

 any Losses caused by, resulting from, arising out of, based upon, or relating to (i) any untrue or alleged untrue
statement of material fact contained in the registration statement, prospectus or preliminary prospectus, or any amendment thereof or supplement thereto or in any application, or (ii) any omission or alleged omission of a material fact required to
be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is made in such registration statement, any such prospectus or preliminary prospectus or any amendment or
supplement thereto, or in any application in reliance upon and in conformity with written information prepared and furnished to the Company by such holder expressly for use therein, and such holder will reimburse the Company and each such other
indemnified party for any legal or any other expenses incurred by them in connection with investigating, defending or settling any such Losses; provided that the obligation to indemnify will be individual, not joint and several, for each holder and
shall be limited to the net amount of proceeds received by such holder from the sale of Registrable Securities pursuant to such registration statement. 
  
 (c) Any Person entitled to indemnification hereunder will (i) give prompt written notice to the indemnifying party of any claim with respect to which it
seeks indemnification (provided that the failure to give prompt notice shall not impair any Person’s right to indemnification hereunder to the extent such failure has not prejudiced the indemnifying party) and (ii) unless in such indemnified
party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory
to the indemnified party. If such defense is assumed, then the indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld);
provided, such settlement irrevocably and unconditionally releases the indemnifying party from all claims and Losses related to, resulting from or giving rise to such claims or Losses covered by such settlement. An indemnifying party who is not
entitled to, or elects not to, assume the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable
judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. 
  
 (d) The indemnification provided for under this Agreement shall be in addition to any other rights to indemnification or
contribution which any indemnified party may have pursuant to law or contract, and will remain in full force and effect regardless of any investigation made or omitted by or on behalf of the indemnified party or any officer, director, or controlling
Person of such indemnified party and shall survive the transfer of securities. 
  
 (e) If the indemnification provided for in this Section 4 is unavailable to or is insufficient to hold harmless an indemnified party under the provisions above in respect to any Losses referred to therein, then each
indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such Losses (i) in such proportion as is appropriate to reflect the relative fault of the Company on the one hand and the sellers of
Registrable Securities and any other sellers participating in the registration statement on the other hand or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, then in such proportion as is appropriate to
reflect not only the relative fault referred to in clause (i) 
  

 5 

 above but also the relative benefit of the Company on the one hand and of the sellers of Registrable Securities and any
other sellers participating in the registration statement on the other in connection with the registration statement on the other in connection with the statement or omissions which resulted in such Losses, as well as any other relevant equitable
considerations. The relative benefits received by the Company on the one hand and the sellers of Registrable Securities and any other sellers participating in the registration statement on the other shall be deemed to be in the same proportion as
the total net proceeds from the offering (before deducting expenses) to the Company bear to the total net proceeds from the offering (before deducting expenses) to the sellers of Registrable Securities and any other sellers participating in the
registration statement. The relative fault of the Company on the one hand and of the sellers of Registrable Securities and any other sellers participating in the registration statement on the other shall be determined by reference to, among other
things, whether the untrue or alleged omission to state a material fact relates to information supplied by the Company or by the sellers of Registrable Securities or other sellers participating in the registration statement and the parties’
relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. 
  
 (f) The Company and the sellers of Registrable Securities agree that it would not be just and equitable if contribution pursuant to this Section 4 were
determined by pro rata allocation (even if the sellers of Registrable Securities were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in Section
4(e) above. The amount paid or payable by an indemnified party as a result of the Losses referred to in Section 4(e) above shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by
such indemnified party in connection with investigating, defending or settling any such action or claim. Notwithstanding the provisions of this Section 4, no seller of Registrable Securities shall be required to contribute pursuant to this Section 4
any amount in excess of the sum of (i) any amounts paid pursuant to Section 4(b) above and (ii) the net proceeds received by such seller from the sale of Registrable Securities covered by the registration statement filed pursuant hereto. No Person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 
  
 5. Participation in Underwritten Registrations. 
  
 (a) No Investor may participate in any underwritten registration hereunder
unless such Investor (i) agrees to sell such Investor’s securities on the basis provided in any underwriting arrangements approved by the Company (including pursuant to the terms of any over-allotment or “green shoe” option requested
by the managing underwriter(s), provided that no Investor will be required to sell more than the number of Registrable Securities that such Investor has requested the Company to include in any registration) and (ii) completes and executes all
questionnaires, powers of attorney, indemnities, underwriting and lock-up agreements, and other documents reasonably required under the terms of such underwriting arrangements; provided that no Investor included in any underwritten registration
shall be required to make any representations or warranties to the Company or the underwriters (other than representations and warranties regarding such Investor and such Investor’s intended method of distribution) or to undertake any
indemnification obligations to the Company or the underwriters with respect thereto, except as otherwise provided herein. 
  

 6 

 (b) Each Investor that is participating in any registration hereunder agrees that, upon receipt of any
notice from the Company of the happening of any event of the kind described in Section 2(d) above, such Investor will immediately discontinue the disposition of its Registrable Securities pursuant to the registration statement until such
Person’s receipt of the copies of a supplemented or amended prospectus as contemplated by Section 2(d). 
  
 6. Definitions. 
  
 (a) “Registrable Securities” means (i) any common equity securities of the Company issued or issuable to the Investors in respect of
their holdings of HBMC Holdings, LLC, which common equity securities were conveyed to HBMC Holdings, LLC in connection with the Company’s reorganization pursuant to the Agreement and Plan of Reorganization, dated June 14, 2004 or any common
equity securities of the Company offered and sold to Investors in the Company’s initial pubic offering (“IPO Common Stock”); and (ii) common equity securities of the Company issued or issuable with respect to the securities
referred to in clause (i) above by way of dividend, distribution, split or combination of securities, or any recapitalization, merger, consolidation or other reorganization. As to any particular Registrable Securities, such securities shall cease to
be Registrable Securities when they (i) have been distributed to the public pursuant to an offering effectively registered under a registration statement effective under the Securities Act or sold to the public through a broker, dealer, or market
maker in compliance with Rule 144 under the Securities Act (or any similar rule then in force), (ii) unless the respective Investor otherwise elects, have been distributed to the limited partners of any of the Investors, (iii) have been effectively
registered under a registration statement effective under the Securities Act, including, without limitation, a registration statement on Form S-3, Form S-4 or Form S-8 (or any successor or similar form), but excluding the registration statement
effective July 13, 2004 covering the IPO Common Stock, or (iv) have been repurchased by the Company. For purposes of this Agreement, an Investor shall be deemed to be a holder of Registrable Securities whenever such Investor has the right to acquire
such Registrable Securities (upon conversion or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been
effected. 
  
 (b) “Securities Act” means the
Securities Act of 1933, as amended, or any successor federal law then in force, together with all rules and regulations promulgated thereunder. 
  
 (c) “Securities Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor federal law then in force, together
with all rules and regulations promulgated thereunder. 
  

 7 

 7. Miscellaneous. 
  
 (a) No Inconsistent Agreements. The Company will not hereafter enter into any agreement with respect to its
securities which is inconsistent with or violates the rights granted to the holders of Registrable Securities in this Agreement. 
  
 (b) Adjustments Affecting Registrable Securities. The Company shall not take any action, or permit any change to occur, with respect to its
securities which would adversely affect the ability of the holders of Registrable Securities to include such Registrable Securities in a registration undertaken pursuant to this Agreement or which would adversely affect the marketability of such
Registrable Securities in any such registration (including effecting a stock split or a combination of stock). 
  
 (c) Termination. No holder of Registrable Securities shall be entitled to exercise any rights provided herein after the earlier to occur of (i) the
date upon which such holder has registered (but excluding the registration statement effective July 13, 2004 covering the IPO Common Stock) or sold all of such holder’s Registrable Securities, (ii) the date upon which Fund VII, Fund VII/A
and/or Co-Invest L.P. would have been able to sell all their respective Registrable Securities (had they continued to hold all of their Registrable Securities) in any 90-day period in compliance with Rule 144 (other than Rule 144 (k)) and (iii) the
date upon which such holder is able to sell all Registrable Securities owned by such holder to the public in any 90-day period in compliance with Rule 144 (other than Rule 144(k)) under the Securities Act (or any similar rule then in force).

  
 (d) Remedies. Any party to this Agreement having rights
under any provision of this Agreement shall be entitled to enforce such rights specifically to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law. The parties hereto
agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting
any bond or other security) for specific performance and for other injunctive relief in order to enforce or prevent violation of the provisions of this Agreement. Nothing contained in this Agreement shall be construed to confer upon any Person who
is not a signatory hereto any rights or benefits, whether as a third-party beneficiary or otherwise. 
  
 (e) Amendments and Waivers. Except as otherwise provided herein, no modification, amendment, or waiver of any provision of this Agreement shall be
effective against the Company or the holders of Registrable Securities unless such modification, amendment, or waiver is approved in writing by the Company and holders of at least a majority of the Registrable Securities then in existence. No
failure by any party to insist upon the strict performance of any covenant, duty, agreement, or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute a waiver of any such breach or any other
covenant, duty, agreement, or condition. 
  
 (f) Successors and
Assigns. All covenants and agreements in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not. In addition,
whether or 
  

 8 

 not any express assignment has been made, the provisions of this Agreement which are for the benefit of purchasers or
holders of Registrable Securities are also for the benefit of, and enforceable by, any subsequent holder of Registrable Securities. Notwithstanding the foregoing, in order to obtain the benefit of this Agreement, any subsequent holder of Registrable
Securities must execute a counterpart to this Agreement, thereby agreeing to be bound the terms hereof. Nothing contained in this Section 7, however, shall be deemed to extend this Agreement beyond the period specified in Section 7(c). 

 
 (g) Severability. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
  
 (h) Counterparts. This Agreement may be executed simultaneously in two or more counterparts (including by means of telecopied signature pages), any
one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same Agreement. 
  
 (i) Descriptive Headings. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive part of
this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine, or neuter forms, and the singular form of nouns, pronouns, and verbs shall include the plural and visa versa.
The use of the word “including” in this Agreement shall be, in each case, by way of example and without limitation. The use of the words “or,” “either,” and “any” shall not be exclusive. Reference to any
agreement, document, or instrument means such agreement, document, or instrument as amended or otherwise modified from time to time in accordance with the terms thereof, and if applicable hereof. 
  
 (j) Governing Law. The law of the State of Delaware shall govern all
issues and questions concerning the relative rights of the Company and the Investors. All other issues and questions concerning the construction, validity, interpretation, and enforcement of this Agreement and the exhibits and schedules hereto shall
be governed by, and construed in accordance with, the laws of the State of Illinois, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Illinois or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Illinois. 
  
 (k) Notices. All notices, demands, or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when
delivered personally to the recipient, sent to the recipient by reputable overnight courier service (charges prepaid), sent to the recipient by facsimile, or mailed to the recipient by certified or registered mail, return receipt requested and
postage prepaid. Such notices, demands, and other communications shall be sent to each Investor at the addresses indicated on the Schedule of Holders and to the Company at the address of its corporate headquarters or to such other address or to the
attention of such other person as the recipient party has specified by prior written notice to the sending party. 
  

 9 

 (l) No Strict Construction. The parties hereto have participated jointly in the negotiation and
drafting to this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or
disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
  
 *    *    *    *    * 
  

 10 

 IN WITNESS WHEREOF, the parties have executed this Registration Agreement as of the date first written
above. 
  

			
	 HOMEBANC CORP.

		
	 By:
	 	 /s/ Patrick S. Flood

	 Its:
	 	 Patrick S. Flood
 Chief Executive Officer

	
	 GTCR FUND VII, L.P.

		
	 By:
	 	 GTCR Partners VII, L.P.

	 Its:
	 	 General Partner

	 By:
	 	 GTCR Golder Rauner, L.L.C.

	 Its:
	 	 General Partner

		
	 By:
	 	 /s/ Edgar D. Jannotta, Jr.

	 Name:
	 	 Edgar D. Jannotta, Jr.

	 Its:
	 	 Principal

	
	 GTCR FUND VII/A, L.P.

		
	 By:
	 	 GTCR Partners VII, L.P.

	 Its:
	 	 General Partner

	 By:
	 	 GTCR Golder Rauner, L.L.C.

	 Its:
	 	 General Partner

		
	 By:
	 	 /s/ Edgar D. Jannotta, Jr.

	 Name:
	 	 Edgar D. Jannotta, Jr.

	 Its:
	 	 Principal

	
	 GTCR CO-INVEST, L.P.

		
	 By:
	 	 GTCR Golder Rauner, L.L.C.

	 Its:
	 	 General Partner

		
	 By:
	 	 /s/ Edgar D. Jannotta, Jr.

	 Name:
	 	 Edgar D. Jannotta, Jr.

	 Its:
	 	 Principal

  
 Signature Page
to Registration Agreement 

 SCHEDULE OF HOLDERS 
  
 GTCR FUND VII, L.P. 
 GTCR FUND VII/A, L.P.

 GTCR CO-INVEST, L.P. 
  
 6100 Sears Tower 
 Chicago, IL 60606-6402 
 Attention: Edgar D. Jannotta, Jr.

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