Document:

EX-10.8

 EXHIBIT 10.8 
 FORM OF REGISTRATION RIGHTS AGREEMENT 
 THIS REGISTRATION RIGHTS AGREEMENT
is entered into as of June [•], 2013, to be effective upon completion of the initial public offering (“IPO”) of Colony American Homes, Inc., a Maryland corporation (the “Company”), by the Company and for the
benefit of the Holders (as defined below). 
 RECITALS 

WHEREAS, prior to or concurrently with the completion of the IPO of shares of the Company’s common stock, par value $0.01 per
share (the “Common Stock”), the Company and CAH Operating Partnership L.P., a Delaware limited partnership (the “Operating Partnership”), have engaged in a series of transactions (collectively, the
“Transactions”), pursuant to which the Holders listed on Schedule I have received (i) Common Stock, (ii) units of limited partnership interest in the Operating Partnership (the “OP Units”) or
(iii) associate general partner interests in the Operating Partnership (the “AGP Units”), in each case, as set forth opposite each such Holder’s name on Schedule I; and 

WHEREAS, upon the terms and subject to the conditions contained in the Operating Partnership Agreement (as defined below),
(i) OP Units will be redeemable for cash or, at the Company’s option, exchangeable for shares of Common Stock and (ii) AGP Units will be redeemable for OP Units. 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company hereto agrees as follows: 
 ARTICLE
I 
 DEFINITIONS 
 Section 1.1. Definitions. In addition to the definitions set forth above, the following terms, as used herein, have the following meanings: 

“Affiliate” of any Person means any other Person directly or indirectly controlling or controlled by or under common
control with such Person. For the purposes of this definition, “control” when used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of
such Person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“AGP Units” has the meaning set forth in the recitals. 

“Agreement” means this Registration Rights Agreement, as it may be amended, supplemented or restated from time to time.

 “Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in New York,
New York are authorized or required by law to be closed. 

 “Commission” means the Securities and Exchange Commission. 

“Common Stock” has the meaning set forth in the recitals. 

“Demand Notice” has the meaning set forth in Section 2.1(a). 

“Demand Registration” has the meaning set forth in Section 2.1(a). 

“Demand Registration Statement” has the meaning set forth in Section 2.1(a). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder. 
 “FINRA” means the Financial Industry Regulatory Authority or other successor organization.

 “Holder” means the Persons listed on Schedule I hereto and any transferee of Registrable
Securities for so long as such Person holds Registrable Securities. 
 “Indemnified Party” has the
meaning set forth in Section 2.9. 
 “Indemnifying Party” has the meaning set forth in Section 2.9.

 “IPO” has the meaning set forth in the preamble. 

“Liabilities” has the meaning set forth in Section 2.7. 

“Market Value” means, with respect to the Common Stock, the average of the daily market price for the ten
consecutive trading days immediately preceding the determination date. The market price of the Common Stock for each such trading day shall be: (i) if the Common Stock is listed or admitted to trading on any securities exchange or the
over-the-counter market, the closing price, regular way, on such day, or if no such sale takes place on such day, the average of the closing bid and asked prices on such day, in either case as reported in the principal consolidated transaction
reporting system, (ii) if the Common Stock is not listed or admitted to trading on any securities exchange or the over-the-counter market, the last reported sale price on such day or, if no sale takes place on such day, the average of the
closing bid and asked prices on such day, as reported by a reliable quotation source designated by the Company, or (iii) if the Common Stock is not listed or admitted to trading on any securities exchange or the over-the-counter market and no
such last reported sale price or closing bid and asked prices are available, the average of the reported high bid and low asked prices on such day, as reported by a reliable quotation source designated by the Company, or if there shall be no bid and
asked prices on such day, the average of the high bid and low asked prices, as so reported, on the most recent day (not more than ten days prior to the date in question) for which prices have been so reported; provided that if there are no
bid and asked prices reported during the ten days prior to the date in question, the Market Value of the Common Stock shall be determined by the Board of Directors of the Company acting in good faith on the basis of such quotations and other
information as it considers, in its reasonable judgment, appropriate. 

  
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 “Notice and Questionnaire” has the meaning set forth in
Section 2.1(b). 
 “Notice and Questionnaire Response Period” has the meaning set forth in
Section 2.1(b). 
 “Offering Launch Date” for an Underwritten Offering means the earliest of (i) the
date of the filing of a preliminary prospectus (or prospectus supplement) that is intended to be distributed to potential investors in the Underwritten Offering, (ii) the public announcement of the commencement of the Underwritten Offering or
(iii) if applicable, the entrance into a binding agreement to sell securities being sold in the Underwritten Offering to the underwriters for the Underwritten Offering. 
 “OP Units” has the meaning set forth in the recitals. 

“Operating Partnership” has the meaning set forth in the recitals. 

“Operating Partnership Agreement” means the Amended and Restated Agreement of Limited Partnership of the Operating
Partnership, dated as of June [•], 2013, as the same may be amended, modified or restated from time to time. 

“Person” means an individual or a corporation, partnership, limited liability company, association, trust, or any other
entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 

“Registrable Securities” means shares of Common Stock (i) received by a Holder in the Transactions or any
transferee of such shares of Common Stock, (ii) issued or issuable upon exchange of OP Units received by a Holder in the Transactions or any transferee of such shares of Common Stock (including any OP Units issued or issuable upon exchange of
AGP Units), (iii) received by a Holder pursuant to an equity award, granted under a Company adopted equity incentive plan, consisting of, or based upon, shares of Common Stock and (iv) any additional shares of Common Stock issued as a
dividend or distribution on, in exchange for, or otherwise in respect of, shares that otherwise constitute Registrable Securities (including as a result of combinations, recapitalizations, mergers, consolidations, reorganizations or otherwise), in
each case upon original issuance thereof and at all times subsequent thereto, including upon the transfer thereof by a Holder or any subsequent Holder; provided that shares of Common Stock shall cease to be Registrable Securities with respect
to any Holder at the time such shares have been (i) disposed of pursuant to a registration statement, (ii) sold and all transfer restrictions and restrictive legends with respect to such Registrable Securities are removed upon the
consummation of such sale and the seller and purchaser of such Registrable Securities receive an opinion of counsel for the Company, which shall be in form and content reasonably satisfactory to the seller and purchaser and their respective counsel,
to the effect that such Registrable Securities in the hands of the purchaser are freely transferable without restriction or registration under the Securities Act in any public or private transaction or (iii) sold, transferred or otherwise
disposed of pursuant to Rule 144. 
 “Registration Statement” means a Demand Registration Statement or Resale
Shelf Registration Statement. 

  
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 “Resale Shelf Registration Statement” shall have the meaning set forth in
Section 2.2(a). 
 “Rule 144” means Rule 144 promulgated under the Securities Act, as amended
from time to time, or any similar successor rule thereto that may be promulgated by the Commission. 
 “Rule
415” means Rule 415 promulgated under the Securities Act, as amended from time to time, or any similar successor rule thereto that may be promulgated by the Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 “Significant Holder” means any one or more Holder(s) that individually or collectively hold at least 25% of
the total outstanding Registrable Securities at any time. 
 “Suspension Notice” has the meaning set
forth in Section 2.12. 
 “Suspension Period” has the meaning set forth in Section 2.12. 

“Transactions” has the meaning set forth in the recitals. 

“Underwritten Offering” means an underwritten offering of Common Stock pursuant to a Registration Statement. 

“Underwritten Offering Demand” has the meaning set forth in Section 2.3(a). 

“Underwritten Offering Demand Notice” has the meaning set forth in Section 2.3(a). 

“Underwritten Offering Representative” has the meaning set forth in Section 2.3(a). 

ARTICLE II 

REGISTRATION AND OFFERING RIGHTS 
 Section 2.1. Demand Registration Rights. (a) At any time following the date that is 180 days following the closing of the Company’s IPO and prior to the date on which a Resale Shelf
Registration Statement filed pursuant to Section 2.2 becomes effective, subject to Section 3.9, any Significant Holder(s) may make a written request to the Company (a “Demand Notice”) to require the Company to use
commercially reasonable efforts to prepare and file a shelf registration statement on Form S-11 or such other form under the Securities Act then available to the Company (a “Demand Registration Statement”) registering the offering
and resale of the Registrable Securities on a delayed or continuous basis pursuant to Rule 415 as further provided in Section 2.1(c), which Demand Registration Statement shall include all Registrable Securities of Holders who request such
inclusion pursuant to Section 2.1(b) (a “Demand Registration”). 
 (b) Within ten Business Days following
receipt by the Company of a Demand Notice and subject to Section 3.9, the Company shall use commercially reasonable effects to provide all Holders with a form of Notice and Questionnaire (the “Notice and Questionnaire”)

  
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to be completed by each Holder desiring to have any of such Holder’s Registrable Securities included in the Demand Registration Statement. The Notice and Questionnaire shall solicit
information from each Holder regarding the number of Registrable Securities such Holder desires to include in the Demand Registration Statement and such other information relating to such Holder as the Company determines is reasonably required in
connection with the Demand Registration Statement, including, without limitation, all information relating to such Holder required to be included in the Demand Registration Statement or that may be required in connection with applicable FINRA or
other regulatory filings to be made in connection with the Demand Registration Statement. Any Holder that has not delivered a duly completed and executed Notice and Questionnaire within ten Business Days of the date on which the Company’s
notice to such Holder was provided (the “Notice and Questionnaire Response Period”) will not be entitled to have such Holder’s Registrable Securities included in the Demand Registration Statement; provided that the
Company will use commercially reasonable efforts to include the Registrable Securities requested to be included by any Holder that delivers a duly completed and executed Notice and Questionnaire at least ten days prior to the anticipated
effectiveness of the Demand Registration Statement. 
 (c) Subject to Sections 2.12 and 3.9, the Company shall use commercially
reasonable efforts to file the Demand Registration Statement on or before the date that is 45 days following the Company’s receipt of the Demand Notice. Subject to Sections 2.12 and 3.9, the Company shall use commercially reasonable efforts to
cause the Demand Registration Statement to become effective as promptly as reasonably practicable after the filing thereof. The Company shall be required to maintain the effectiveness of the Demand Registration Statement and, subject to
Sections 2.12 and 3.9, keep such Demand Registration Statement continuously effective until either (i) a Resale Shelf Registration Statement has become effective, in accordance with Section 2.2, or (ii) none of the shares of
Common Stock covered by the Demand Registration Statement are Registrable Securities. 
 (d) In addition to the provisions set
forth in Section 2.12, the Company shall not be obligated to file a Demand Registration Statement with respect to any Holder during a period when such Holder is prohibited from selling Registrable Securities pursuant to lock-up agreements
entered into (or that were required to be entered into) in connection with any underwritten offering conducted by the Company on its own behalf or on behalf of selling stockholders, unless such Holder has obtained the consent of the counterparties
to such lock-up agreements. 
 Section 2.2. Mandatory Shelf Registration Rights. (a) As soon as practicable
after the date on which the Company first becomes eligible to register the resale of securities of the Company pursuant to Form S-3 under the Securities Act (or a similar or successor form established by the Commission), but in no event later
than 60 calendar days thereafter, subject to Section 3.9, the Company shall prepare and file a registration statement registering the offer and resale of the Registrable Securities by all Holders on a delayed or continuous basis pursuant to
Rule 415 (the “Resale Shelf Registration Statement”). The Company will have the right to include shares of Common Stock or other securities to be sold for its own account or other holders in the Resale Shelf Registration
Statement subject to Section 2.4. Subject to Sections 2.12 and 3.9, the Company shall use commercially reasonable efforts to cause the Resale Shelf Registration Statement to be declared effective by the Commission as promptly as reasonably

  
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practicable after the filing thereof, and, subject to Section 2.12, to keep such Resale Shelf Registration Statement (or a successor registration statement filed with respect to the
Registrable Securities, which shall be deemed to be included within the definition of Resale Shelf Registration Statement for purposes of this Agreement) continuously effective for a period ending when all shares of Common Stock covered by the
Resale Shelf Registration Statement are no longer Registrable Securities. 
 (b) At least 20 Business Days prior to the
Company’s anticipated filing of the Resale Shelf Registration Statement, the Company shall use commercially reasonable effects to provide notice to the Holders of such anticipated filing together with a form of the Notice and Questionnaire to
be completed by each Holder desiring to have any of such Holder’s Registrable Securities included in the Resale Shelf Registration Statement. The Notice and Questionnaire provided shall solicit information from each Holder regarding the number
of Registrable Securities such Holder desires to include in the Resale Shelf Registration Statement and such other information relating to such Holder as the Company determines is reasonably required in connection with the Resale Shelf Registration
Statement, including, without limitation, all information relating to such Holder required to be included in the Resale Shelf Registration Statement or that may be required in connection with applicable FINRA or other regulatory filings to be made
in connection with the Resale Shelf Registration Statement. Any Holder that has not delivered a duly completed and executed Notice and Questionnaire within 15 Business Days after the Company provides the notice referred to above will not be entitled
to have such Holder’s Registrable Securities included in the Resale Shelf Registration Statement; provided that, the Company will use commercially reasonable efforts to include the Registrable Securities requested to be included by any Holder
that delivers a duly completed and executed Notice and Questionnaire at least ten days prior to the anticipated effectiveness of the Resale Shelf Registration Statement. While the Resale Shelf Registration Statement is effective, within 90 days
following the written request (accompanied by a duly completed and executed Notice and Questionnaire) of a Holder holding Registrable Securities that were not included in the Resale Shelf Registration Statement, the Company will file (and use
commercially reasonable efforts to have become effective promptly thereafter, to the extent applicable) a post-effective amendment, prospectus supplement or additional registration statement registering the offering and sale of such Holder’s
Registrable Securities on a delayed or continuous basis pursuant to Rule 415 (which, following its effectiveness, shall be deemed to be included within the definition of Resale Shelf Registration Statement for purposes of this Agreement).

 (c) After effectiveness of the Resale Shelf Registration Statement, following any transfer, upon the written request of a
Holder (accompanied by a duly completed and executed Notice and Questionnaire), the Company will promptly either (i) update the applicable information in the existing Resale Shelf Registration Statement by post-effective amendment or prospectus
supplement thereto in order to permit such Holder to sell such Holder’s Registrable Securities thereunder or (ii) file (and use commercially reasonable efforts to have become effective promptly thereafter, to the extent applicable) a
prospectus supplement or additional registration statement registering the offering and sale of such Holder’s Registrable Securities on a delayed or continuous basis pursuant to Rule 415 (which, following its effectiveness, shall be deemed
to be included within the definition of Resale Shelf Registration Statement for purposes of this Agreement). 

  
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 Section 2.3. Underwritten Offering Rights. (a) At any time while a
Demand Registration Statement or the Resale Shelf Registration Statement is effective, any one or more Holder(s) may make a written request for an underwritten offering (an “Underwritten Offering Demand Notice”) of Registrable
Securities included in the effective Registration Statement (each, an “Underwritten Offering Demand”); provided, however, that an Underwritten Offering Demand may only be made if it relates to Registrable
Securities having a Market Value of at least $50 million on the trading day immediately preceding the date that the Underwritten Offering Demand Notice is sent to the Company. The Company shall not be obligated to effect more than one Underwritten
Offering Demand in any consecutive 12-month period. After an Underwritten Offering Demand Notice is received by the Company, the Company shall promptly provide such Underwritten Offering Demand Notice to all other Holders, and the Company will use
commercially reasonable efforts to include in such underwritten offering any Registrable Securities requested to be included by such other Holders by notice to the Company provided within five Business Days of the date on which such notice was
provided to such other Holders. Any Underwritten Offering Demand Notice will specify (i) the Registrable Securities proposed to be sold by such Holder(s), (ii) the desired Offering Launch Date for the underwritten offering, which shall not
be less than seven (nor more than ten) Business Days following the date on which the Underwritten Offering Demand Notice is provided to the Company and (iii) a single Person who shall serve as the representative of the Holders with respect to
the underwritten offering (the “Underwritten Offering Representative”). Subject to Section 2.4, the Company will have the right to include shares of Common Stock to be sold for its own account or shares owned by other holders
of Common Stock in an offering pursuant to an Underwritten Offering Demand. 
 (b) Upon receiving an Underwritten
Offering Demand Notice, the Company shall use commercially reasonable efforts to prepare the applicable offering documents and take such other actions as are set forth in Section 2.5 relating to such offering in order to permit the Offering
Launch Date for such underwritten offering to occur on the date set forth in the Underwritten Offering Demand Notice. The Underwritten Offering Representative shall have the right to determine the actual Offering Launch Date; provided that,
without the Company’s consent, the Offering Launch Date may not be more than ten Business Days following the date on which the Underwritten Offering Demand Notice is provided to the Company. The Company will have the right to (i) select
the underwriters (and their roles) in the offering and (ii) determine the structure of the offering and negotiate the terms of any underwriting agreement as they relate to the Holders, including the number of shares to be sold (if not all
shares offered can be sold at the highest price offered by the underwriters), the offering price and underwriting discount; provided that such underwriters, structure and terms are reasonably acceptable to the Underwritten Offering Representative.
The Company will coordinate with the Underwritten Offering Representative in connection with the fulfillment of its responsibilities pursuant to Section 2.5 and will be entitled to rely on the authority of the Underwritten Offering
Representative to act on behalf of all Holders with respect to the offering. 
 (c) In addition to the provisions set forth in
Section 2.12, the Company shall not be obligated to effect, or take any action to effect, an underwritten offering with respect to any Holder for which the proposed Offering Launch Date is scheduled to occur during a period when such Holder is
prohibited from selling Registrable Securities pursuant to lock-up agreements entered into (or that were required to be entered into) in connection with any prior 

  
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underwritten offering conducted by the Company on its own behalf or on behalf of selling stockholders, unless such Holder has obtained the consent of the counterparties to such lock-up
agreements. The Underwritten Offering Representative may revoke an Underwritten Offering Demand Notice at any time by providing written notice of such revocation to the Company and, for purposes of determining the number of Underwritten Offering
Demands to which the Holders are entitled, an Underwritten Offering Demand Notice that was revoked will not count as an Underwritten Offering Demand unless such revocation occurs after the Offering Launch Date and the Company does not sell any
shares of Common Stock for its own account pursuant to such offering. 
 Section 2.4. Reduction of Underwritten
Offering. Notwithstanding anything contained herein, if the managing underwriter(s) of an Underwritten Offering advise(s) the Company and the Holder(s) of the Registrable Securities included in such Underwritten Offering, in writing, that the
aggregate number of shares of Common Stock to be sold by the Company or any other stockholder (other than a Holder), if any, and Registrable Securities of Holders requested to be included in the Underwritten Offering exceeds the amount that they
believe could be sold without adversely affecting the Underwritten Offering, then the aggregate number of shares of Common Stock to be sold by the Company or any other stockholder (other than a Holder), if any, and Registrable Securities of Holders
will be reduced to the amount recommended by such managing underwriter(s). Such reduction will be achieved by, first, reducing, or eliminating if necessary, all shares of Common Stock requested or desired to be included in such Underwritten Offering
by the Company for its own account and any other stockholders (other than Holders) seeking to participate in such Underwritten Offering in the manner agreed to by the Company and such stockholders or, if no agreement exists, pro rata based on
the number of shares requested or desired to be included by the Company and each such other stockholder and, then, if necessary, reducing the Registrable Securities requested to be included by the Holders pro rata based on the number of
Registrable Securities of Holders requested to be included in such Underwritten Offering or in such other manner as is agreed to by the Holders. 
 Section 2.5. Registration Procedures; Filings; Information. In connection with a Registration Statement or Underwritten Offering in which one or more Holders are participating: 

(a) The Company will use commercially reasonable efforts to furnish to each Holder of Registrable Securities in such Registration
Statement or Underwritten Offering such number of conformed copies of such Registration Statement, prospectus or amendment or supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein) as such
Holder may reasonably request for such Holder’s records or in order to facilitate the disposition of the Registrable Securities owned by such Holder; provided, however, that this Section 2.5(a) shall not apply to
(i) an amendment or supplement relating solely to securities other than such Holder’s Registrable Securities, and (ii) an amendment or supplement by means of an Annual Report on Form 10-K, a Quarterly Report on Form 10-Q, a
Proxy Statement on Schedule 14A, a Current Report on Form 8-K or a Registration Statement on Form 8-A or any amendments thereto filed with the Commission under the Exchange Act and incorporated or deemed to be incorporated by reference into a
Registration Statement or prospectus. The Company shall not file any registration statement or prospectus or any amendment or supplement thereto which relates to Registrable Securities if reasonably objected to in writing by (i) Holders of a
majority of the Registrable Securities included therein or (ii) with respect to an Underwritten Offering Demand, the Underwritten Offering Representative. 

  
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 (b) After the filing of a Registration Statement, the Company will use commercially
reasonable efforts to promptly notify each Holder of Registrable Securities in such Registration Statement or Underwritten Offering covered by such Registration Statement of any stop order issued or threatened by the Commission and use commercially
reasonable efforts to prevent the entry of such stop order or to remove it if entered. If a stop order previously in effect with respect to a Registration Statement is removed, the Company will promptly notify each Holder holding Registrable
Securities covered by such Registration Statement or being sold in such Underwritten Offering. Each Holder agrees that it will not dispose of any Registrable Securities pursuant to a Registration Statement while any stop order is in effect with
respect to such Registration Statement. 
 (c) In connection with the filing of a Registration Statement including Registrable
Securities or an Underwritten Offering in which one or more Holders are participating, the Company will use commercially reasonable efforts to (i) register or qualify the Registrable Securities under such other securities or “blue
sky” laws of such jurisdictions in the United States (where an exemption does not apply) as any Holder or managing underwriter(s), if any, reasonably (in light of such Holder’s intended plan of distribution) requests and (ii) cause
such Registrable Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company; provided that the Company will not be required to
(A) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph (c), (B) subject itself to general taxation in any such jurisdiction or (C) consent to general
service of process in any such jurisdiction. The Company will promptly notify each Holder of the receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable Securities held by such Holder for
sale under the securities or “blue sky” laws of any jurisdiction or the initiation of any proceeding for such purpose or the lifting of a suspension that was previously in effect. Each Holder agrees that it will not dispose of any
Registrable Securities pursuant to a Registration Statement or an Underwritten Offering in a manner requiring qualification under the securities or “blue sky” laws of any jurisdiction during any period of time while such qualification has
been suspended. 
 (d) The Company will use commercially reasonable efforts to promptly notify each Holder at any time when a
prospectus relating to such Holder’s Registrable Securities is required to be delivered under the Securities Act of the occurrence of an event (which may include obtaining preliminary information regarding the Company’s historical
financial results that have not yet been publicly announced) a result of which the Company reasonably concludes a supplement or amendment to such prospectus should be prepared in order to ensure that, as thereafter delivered to the purchasers of
such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading. Upon the occurrence of such event, the Company will promptly prepare, file and, if applicable, make available to each such Holder any such supplement or amendment; provided that any supplement or
amendment relating to the historical financial results of the Company need not be prepared, filed or made available prior to 

  
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the Company’s regularly scheduled date for the filing of such results unless a Demand Registration or Underwritten Offering Demand has been made. The Company will use commercially reasonable
efforts to promptly notify each such Holder when such supplement or amendment has been filed. Each Holder agrees that, upon receipt of any notice from the Company of the occurrence of an event as set forth above, such Holder will forthwith
discontinue disposition of Registrable Securities pursuant to any Registration Statement covering such Registrable Securities until such Holder’s receipt of written notice from the Company that a supplement or amendment has been made. Each
Holder also agrees that such Holder will treat as confidential the receipt of any notice from the Company of the occurrence of an event as set forth above and shall not disclose or use the information contained in such notice without the prior
written consent of the Company until such time as the information contained therein is or becomes available to the public generally, other than as a result of disclosure by a Holder in breach of the terms of this Agreement. 

(e) The Company will use commercially reasonable efforts to timely file such reports pursuant to the Exchange Act as are necessary in
order to make generally available to its securityholders an earnings statement for the purposes of, and to provide the benefits contemplated by, the last paragraph of Section 11(a) of the Securities Act. 

(f) In the case of an Underwritten Offering in which one or more Holders are participating, the Company will enter into and perform its
obligations under customary agreements (including an underwriting agreement, if any, in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of the Registrable Securities
(including, to the extent reasonably requested by the managing underwriter(s), sending appropriate officers of the Company to attend “road shows” scheduled in reasonable number and at reasonable times in connection with any such
Underwritten Offering, and obtaining customary comfort letters and legal opinions) in connection with such Underwritten Offering. 
 (g) The Company will make available for inspection by any Holder, any underwriter participating in any disposition of such Registrable Securities pursuant to a Registration Statement and any attorney,
accountant or other professional retained by any such Holder or underwriter, all financial and other records, pertinent corporate documents and properties of the Company as shall be required to enable them to exercise customary due diligence in
accordance with the Securities Act, and cause the Company’s officers, directors and employees to supply all information required by any such Persons in order to exercise customary due diligence in accordance with the Securities Act in
connection with the disposition of Registrable Securities pursuant to a Registration Statement, subject to entry by each such Person of a customary confidentiality agreement in a form reasonably acceptable to the Company; provided, however,
that the Holders, participating underwriters and their representatives, if any, will use commercially reasonable efforts to coordinate the foregoing inspection and information gathering so as to not materially disrupt the Company’s business
operations. 
 (h) The Company will use commercially reasonable efforts to cause all Registrable Securities covered by any
Registration Statement to be listed on each securities exchange on which similar securities issued by the Company are then listed. 

  
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 (i) In addition to the Notice and Questionnaire, the Company may require each Holder of
Registrable Securities to promptly furnish in writing to the Company such information regarding such Holder, the Registrable Securities held by it and the intended method of distribution of the Registrable Securities as the Company may from time to
time reasonably request and such other information as may be legally required in connection with such Registration Statement or Underwritten Offering. Each Holder further agrees to furnish as soon as reasonably practicable to the Company all
information required to be disclosed in order to provide that information previously furnished to the Company by such Holder does not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements in any registration statement not misleading in light of the circumstances in which they were made, and the Company agrees to promptly update any Registration Statement to reflect such information. 

(j) In the case of an Underwritten Offering, no Holder may participate unless such Holder (i) agrees to sell the Registrable
Securities it desires to have included in the Underwritten Offering on the basis provided in underwriting arrangements in customary form and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents required under the terms of such underwriting arrangements; provided that such Holder shall not be required to make any representations or warranties other than those related to title and ownership of such
Holder’s shares, existence, power, authority, execution and delivery of transaction documentation, no manipulation, and as to the accuracy and completeness of statements made in the applicable registration statement, prospectus or other
document in reliance upon and in conformity with written information furnished to the Company or the managing underwriter(s) by such Holder for use therein. 
 (k) No Holder will offer or sell, without the Company’s consent, any Registrable Securities by means of any “free writing prospectus” (as defined in Rule 405 under the Securities Act)
that is required to be filed by the Holder with the Commission pursuant to Rule 433 under the Securities Act. 
 (l) The
Company will cooperate with the Holders and the managing underwriter(s) to facilitate the timely preparation and delivery of certificates (which shall not bear any restrictive legends unless required under applicable law) representing Registrable
Securities sold under any Registration Statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter(s) or such Holders may request and cause its transfer agent to cooperate in connection
with any transfer of Registrable Securities pursuant to a Registration Statement or Underwritten Offering. 
 Section 2.6.
Registration Expenses. In connection with any Registration Statement or Underwritten Offering in which one or more Holders are participating, the Company shall pay all customary registration and offering expenses incurred, regardless whether
such Registration Statement is declared effective by the Commission or such Underwritten Offering is completed, including: (a) all registration, filing and stock exchange fees, (b) fees and expenses of compliance with securities or
“blue sky” laws (including reasonable fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities), (c) printing expenses, (d) internal expenses of the Company (including, without
limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), (e) the fees and expenses incurred in connection with the listing of the Registrable Securities, (f) the fees and

  
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disbursements of legal counsel for the Company and customary fees and expenses for independent certified public accountants retained by the Company, including in connection with the preparation
of any Registration Statements, comfort letters, and any custodian, transfer agent and registrar fees, (g) reasonable fees and disbursements of one legal counsel to the Holders selected by the holders of a majority of the Registrable Securities
included in such Registration Statement or Underwritten Offering (not to exceed $25,000) in connection with such Registration Statement and/or Underwritten Offering; provided that the Company will not be responsible for fees and disbursements
of more than one firm of attorneys for all Holders and (h) the reasonable fees and expenses of any special experts retained by the Company in connection with such Registration Statement and/or Underwritten Offering. The Company shall have no
obligation to pay any transfer taxes or underwriting, brokerage or other similar fees, discounts or commissions attributable to the sale of Registrable Securities or expenses borne by the underwriters. 

Section 2.7. Indemnification by the Company. The Company agrees to indemnify and hold harmless each Holder of Registrable
Securities, its officers, directors, agents, partners, members, trustees, executors, employees, managers, advisors, attorneys, representatives and Affiliates, and each Person, if any, who controls such Holder within the meaning of Section 15 of
the Securities Act or Section 20 of the Exchange Act from and against, as incurred, any and all losses, claims, damages, judgments and liabilities (or actions in respect thereof) (the “Liabilities”) that arise out of or are
based upon any untrue statement or alleged untrue statement of a material fact contained in any registration statement, preliminary prospectus, prospectus, or free writing prospectus (including all document incorporated therein by reference)
relating to the Registrable Securities (in each case, as amended or supplemented if the Company shall have furnished any amendments or supplements thereto), or that arise out of or are based upon any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein, (with respect to any preliminary prospectus, prospectus or free writing prospectus, in light of the circumstances under which they were made), not misleading,
except insofar as such Liabilities arise out of or are based upon any such untrue statement or omission or alleged untrue statement or omission included in reliance upon and in conformity with information furnished in writing to the Company by such
Holder or on such Holder’s behalf expressly for inclusion in a Registration Statement (or any amendment thereto) or any prospectus (or any amendment or supplement thereto). 

Section 2.8. Indemnification by Holders of Registrable Securities. Each Holder agrees, severally but not jointly or jointly
and severally, to indemnify and hold harmless the Company, its officers, directors, agents, partners, members, trustees, executors, employees, managers, advisors, attorneys, representatives and Affiliates, and each Person, if any, who controls the
Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the foregoing indemnity from the Company to such Holder, but only with respect to information relating to such
Holder included in reliance upon and in conformity with information furnished in writing by such Holder or on such Holder’s behalf expressly for use in any registration statement, preliminary prospectus, prospectus or free writing prospectus
relating to the Registrable Securities, or any amendment or supplement thereto; provided that the liability of each Holder shall be limited to the net proceeds (after deducting underwriting commissions and discounts, if any) received by such
Holder from the sale of its Registrable Securities pursuant to any such registration statement. In case any action 

  
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or proceeding shall be brought against the Company or its officers, directors, agents, employees, attorneys, representatives or Affiliates or any such controlling person, in respect of which
indemnity may be sought against such Holder, such Holder shall have the rights and duties given to the Company, and the Company or its officers, directors, agents, employees, attorneys, representatives or Affiliates or such controlling person shall
have the rights and duties given to such Holder, by Section 2.9. 
 Section 2.9. Conduct of Indemnification
Proceedings. In case any proceeding (including any governmental investigation) shall be instituted involving any Person in respect of which indemnity may be sought pursuant to Section 2.7 or 2.8, such Person (an “Indemnified
Party”) shall promptly notify the Person against whom such indemnity may be sought (an “Indemnifying Party”) in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel
reasonably satisfactory to such Indemnified Party, and shall assume the payment of all fees and expenses; provided that the failure of any Indemnified Party to give such notice will not relieve such Indemnifying Party of any obligations under
Section 2.7 or 2.8, except to the extent such Indemnifying Party is materially prejudiced by such failure. In any such proceeding, any Indemnified Party 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 Party unless (a) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel or (b) representation of the Indemnified Party by the counsel
retained by the Indemnifying Party would be inappropriate due to actual or potential differing interests between the Indemnifying Party and the Indemnified Party. It is understood that the Indemnifying Party shall not, in connection with any
proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for all such Indemnified Parties, and that all such
fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm for the Indemnified Parties, such firm shall be designated in writing by (i) in the case of Persons indemnified pursuant to Section 2.7
hereof, the Holders which owned a majority of the Registrable Securities sold under the applicable registration statement and (ii) in the case of Persons indemnified pursuant to Section 2.8, the Company, in each case, subject to the
written consent of the Indemnifying Party (such consent shall not be unreasonably withheld, conditioned or delayed). The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent (such consent
shall not be unreasonably withheld, conditioned or delayed), but if settled with such consent, or if there be a final judgment for the plaintiff, the Indemnifying Party shall indemnify and hold harmless such Indemnified Parties from and against any
loss or liability (to the extent stated above) by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending or threatened proceeding in
respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability
arising out of such proceeding without any admission of liability by such Indemnified Party. 
 Section 2.10.
Contribution. If the indemnification provided for in Section 2.7 or 2.8 hereof is held by a court of competent jurisdiction to be unavailable to an Indemnified Party or insufficient in respect of any losses, claims, damages or
liabilities that otherwise would have been covered by Section 2.7 or 2.8 hereof, then each such Indemnifying Party, in lieu of 

  
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indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages or liabilities in such proportion as is
appropriate to reflect the relative fault of the Indemnifying Party, on the one hand, and of each such Indemnified Party, on the other hand, in connection with such statements or omissions which resulted in such losses, claims, damages or
liabilities, as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party on the one hand and of each Indemnified Party 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 such party. 
 The Company and the Holders agree that it would not be just and equitable if contribution pursuant to this Section 2.10 were determined by pro rata allocation or by any other method of
allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. The amount paid or payable by an Indemnified Party as a result of the losses, claims, damages or liabilities referred to in
the immediately preceding paragraph 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 or defending any such action or
claim. Notwithstanding the provisions of this Section 2.10, the liability of each Holder shall be limited to the net proceeds (after deducting underwriting commissions and discounts, if any) received by such Holder from the sale of its
Registrable Securities pursuant to any such registration statement. 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. The Holder’s obligations to contribute pursuant to this Section 2.10, if any, are several in proportion to the proceeds of the offering actually received by such Holder (after deducting
underwriting commissions and discounts, if any) bears to the total proceeds of the offering received by all the Holders and not joint. 
 For purposes of this Section 2.10, each Person, if any who controls a Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act shall have the same
rights to contribution as a Holder, and each director of the Company, 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 shall have the same rights to
contribution as the Company. 
 Section 2.11. Rule 144. The Company covenants that it will use commercially
reasonable efforts to make and keep current public information regarding the Company available as those terms are defined in Rule 144 and file in a timely manner any reports and documents required to be filed by it under the Securities Act and
the Exchange Act. Upon the request of any Holder, (a) the Company shall furnish to any Holder (i) a written statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any time more than 180 days
after the effective date of the registration statement for the IPO), the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), and (ii) a copy of the most recent annual or quarterly report
of the Company and such other reports and documents so filed by the Company, and (b) the Company shall use commercially reasonable efforts to take such further action as any Holder may reasonably request, all to the extent required from time to
time to enable Holders to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144. 

  
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 Section 2.12. Suspension of Use of Registration Statement. The Company shall
have the right, in limited circumstances, to postpone its obligations in connection with a Demand Registration or Underwritten Offering Demand and/or suspend the use of any Registration Statement that has become effective for up to 45 consecutive
days (except as a result of a refusal by the Commission to declare a post-effective amendment to a Registration Statement effective after the Company has used commercially reasonable efforts to cause the post-effective amendment to be declared
effective by the Commission, in which case, the Company must terminate the black-out period immediately following the effective date of the post-effective amendment) and not more than twice in any consecutive 12-month period (a “Suspension
Period”) if: a majority of the Board of Directors of the Company determines in good faith (A) that any such action would interfere with any proposed financing, offer or sale of securities, acquisition, corporate reorganization or other
material transaction involving the Company; (B) that any such action would require premature disclosure of material non-public information that the Company has a bona fide business purpose for preserving as confidential; (C) that any such
action would render the Company unable to comply with requirements under the Securities Act or Exchange Act; or (D) that it is required by law, rule or regulation to supplement the Registration Statement or file a post-effective amendment to
the Registration Statement in order to ensure that the prospectus (1) contains the information required under Section 10(a)(3) of the Securities Act, (2) discloses any facts or events arising after the effective date of the
Registration Statement (or of the most recent post-effective amendment) that, individually or in the aggregate, represents a fundamental change in the information set forth therein or (3) discloses any material information with respect to the
plan of distribution that was not disclosed in the Registration Statement or any material change to such information; provided that the Company notifies the applicable Holders in writing of its determination to this effect (a
“Suspension Notice”). Upon the occurrence of any such suspension, the Company shall use commercially reasonable efforts to cause the Registration Statement to become effective or to promptly amend or supplement such Registration
Statement on a post effective basis or to take such action as is necessary to make resumed use of the Registration Statement as soon as practicable. Each Holder agrees that such Holder shall not dispose of any Registrable Securities pursuant to a
Registration Statement during any Suspension Period, shall treat as confidential the receipt of such Suspension Notice and shall not disclose or use the information contained in such Suspension Notice without the prior written consent of the Company
until the earlier of such time as the information contained therein is or becomes available to the public generally, other than as a result of disclosure by a Holder in breach of the terms of this Agreement, or the end of the applicable Suspension
Period. The Company agrees to notify the Holders in writing as promptly as practicable following the end of a Suspension Period and the Holders may thereafter recommence effecting sales of the Registrable Securities pursuant to the Registration
Statement (or such filings). 
 ARTICLE III 
 MISCELLANEOUS 
 Section 3.1. Remedies. In addition to being
entitled to exercise all rights provided herein and granted by law, including recovery of damages, the Holders shall be entitled to specific performance of the rights under this Agreement. The Company agrees that monetary damages would not be
adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agrees to waive the defense in any action for specific performance that a remedy at law would be adequate. 

  
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 Section 3.2. Amendments and Waivers. The provisions of this Agreement, including
the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, in each case without the written consent of (i) the Company; and (ii) Holders
that hold a majority of the Registrable Securities; provided, however, that the provisions of this Agreement may not be amended, modified or supplemented and the observance of any term hereof may not be waived with respect to any Holder
without the written consent of such Holder, unless such amendment, termination, or waiver applies to all Holders in the same fashion. No failure or delay 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 any breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. Notwithstanding any other provision of this Agreement,
the Company may amend, supplement or restate (i) this Agreement at any time to make any modification that does not adversely affect in any material respect the rights of any Holder hereunder and (ii) Schedule I hereto at any time to
include additional Persons as Holders, in each case, without the consent of any Holder. 
 Section 3.3. Notices. All
notices and other communications in connection with this Agreement shall be made in writing by hand delivery or courier guaranteeing overnight delivery, by facsimile transmission or such other means as are agreed to by the Company and the Holders:

 (a) if to any Holder, initially to the address indicated in such Holder’s Notice and Questionnaire or, if no Notice and
Questionnaire has been delivered, to the most current address given by the transfer agent and registrar of the Common Stock to the Company; and 
 (b) if to the Company, initially at Colony American Homes, Inc., 2450 Broadway, 6th Floor, Santa Monica, California 90404, facsimile: 310-407-7416, Attention: Ronald M. Sanders with a copy to the
Company’s Legal Department at 2450 Broadway,
6th Floor, Santa Monica, California 90404, facsimile:
310-407-7380 (colonylegal@colonyinc.com) or to such other address as the Company may hereafter specify in writing. 
 All
such notices and communications shall be deemed to have been duly given, delivered, sent, received and provided for purposes of this Agreement: at the time delivered by hand, if personally delivered; and on the next Business Day, if timely delivered
to a courier guaranteeing overnight delivery. 
 Section 3.4. Successors and Assigns; Assignment of Registration
Rights. Each Holder may transfer its rights under this Agreement to any transferee of such Holder’s Registrable Securities. Except as set forth in this Section 3.4, the rights under this Agreement are not transferable. 

Section 3.5. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the
State of New York without regard to the choice of law or conflict of law provisions thereof. 

  
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 Section 3.6. Severability. In the event that any one or more of the provisions
contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein
shall not be affected or impaired thereby. 
 Section 3.7. Entire Agreement. This Agreement is intended by the
Company as a final expression of its agreement and intended to be a complete and exclusive statement of the agreement and understanding of the Company in respect of the subject matter contained herein. There are no restrictions, promises, warranties
or undertakings, other than those set forth or referred to herein with respect to the registration rights granted by the Company with respect to the Registrable Securities. This Agreement supersedes all prior agreements and understandings between
the Company and the Holders with respect to such subject matter. This Agreement will control in all respects a Registration Statement filed pursuant to this Agreement, or any other matter covered hereby, with respect to Registrable Securities.

 Section 3.8. Headings. The headings in this Agreement are for convenience of reference only and shall not limit
or otherwise affect the meaning hereof. 
 Section 3.9. Termination. Notwithstanding any other provision of this
Agreement, the obligations of the Company under this Agreement shall cease when all shares of Common Stock that comprise Registrable Securities have been disposed of pursuant to a registration statement or have been sold pursuant to Rule 144,
except, in each case, for any obligations under Sections 2.6, 2.7, 2.8, 2.9 and 2.10. 
 Section 3.10. Waiver of
Jury Trial. The Company irrevocably waives any right to trial by jury. 
 Section 3.11. Subsequent Registration
Rights. The Company may grant registration rights in the future, provided they are not inconsistent with the provisions of this Agreement. 
 Section 3.12. Third-Party Beneficiaries. The Company acknowledges that, subject to satisfying its obligations hereunder and subject to the conditions included herein, each Holder shall be a
third-party beneficiary under this Agreement and entitled to exercise a Holder’s rights as if it were a party hereto. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the undersigned has executed this Agreement as of the date first written
above. 
  

			
	COLONY AMERICAN HOMES, INC.
		
	By:	 	 
		 	Name:
		 	Title:

 [CAH – Registration Rights Signature Page]EX-10.9

 EXHIBIT 10.9 
 FORM OF INDEMNIFICATION AGREEMENT 
 This INDEMNIFICATION AGREEMENT (this
“Agreement”) is entered into as of [•], 2013, by and among COLONY AMERICAN HOMES, INC., a Maryland corporation (the “Company” or the “Indemnitor”) and
[                    ] (the “Indemnitee”). 
 WHEREAS, the Indemnitee is an officer [or][and] a member of the Board of Directors of the Company and in such [capacity][capacities] is performing a valuable service for the Company; 

WHEREAS, Maryland law permits the Company to enter into contracts with its officers or members of its Board of Directors with respect to
indemnification of, and advancement of expenses to, such persons; 
 WHEREAS, the [Second] Articles of Amendment and Restatement
of the Company (the “Charter”) provide that the Company shall indemnify and advance expenses to its directors and officers to the maximum extent permitted by Maryland law in effect from time to time; 

WHEREAS, the Bylaws of the Company (the “Bylaws”) provide that each director and officer of the Company shall be
indemnified by the Company to the maximum extent permitted by Maryland law in effect from time to time and shall be entitled to advancement of expenses consistent with Maryland law; and 

WHEREAS, to induce the Indemnitee to provide services to the Company as an officer [or][and] a member of the Board of Directors, and to
provide the Indemnitee with specific contractual assurance that indemnification will be available to the Indemnitee regardless of, among other things, any amendment to or revocation of the Charter or the Bylaws, or any acquisition transaction
relating to the Company, the Indemnitor desires to provide the Indemnitee with protection against personal liability as set forth herein. 
 NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Indemnitor and the Indemnitee hereby agree as follows: 

 

	1.	DEFINITIONS. 

 For
purposes of this Agreement: 
  

	 	(a)	“Change in Control” shall mean 

  

	 	(i)	the dissolution or liquidation of the Company; 

  

	 	(ii)	the merger, consolidation, or reorganization of the Company with one or more other entities in which the Company is not the surviving entity or immediately following
which the persons or entities who were beneficial owners (as determined pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of voting securities of the Company immediately prior thereto
cease to beneficially own more than fifty percent (50%) of the voting securities of the surviving entity immediately thereafter; 

  

	 	(iii)	a sale of all or substantially all of the assets of the Company to another person or entity other than an affiliate of the Company; 

	 	(iv)	any transaction (including without limitation a merger or reorganization in which the Company is the surviving entity) that results in any person or entity or
“group” (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (other than persons who are stockholders or affiliates immediately prior to the transaction) owning twenty percent (20%) or more of the combined
voting power of all classes of shares of the Company; or 

  

	 	(v)	individuals who, as of the date hereof, constitute the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a
majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority
of the directors then comprising the Incumbent Board (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without written objection to such nomination) shall be
considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the
election or removal of directors or other actual or threatened solicitation of proxies or contests by or on behalf of a person other than the Board of Directors. 

 

	 	(b)	“Corporate Status” describes the status of a person who is or was a director or officer of the Company or is or was serving at the request of the
Company as a director, officer, partner (limited or general), member, director, employee or agent of any other foreign or domestic corporation, partnership, joint venture, limited liability company, trust, other enterprise (whether conducted for
profit or not for profit) or employee benefit plan. The Company shall be deemed to have requested the Indemnitee to serve an employee benefit plan where the performance of the Indemnitee’s duties to the Company also imposes or imposed duties
on, or otherwise involves or involved services by, the Indemnitee to the plan or participants or beneficiaries of the plan. 

  

	 	(c)	“Expenses” shall include all attorneys’ and paralegals’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel
expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute
or defend, investigating, or being or preparing to be a witness in a Proceeding. 

  

	 	(d)	“Proceeding” includes any action, suit, arbitration, alternate dispute resolution mechanism, investigation (including any internal investigation),
administrative hearing, or any other proceeding, including appeals therefrom, whether civil, criminal, administrative, or investigative, except one initiated by the Indemnitee pursuant to paragraph 8 of this Agreement to enforce such
Indemnitee’s rights under this Agreement. 

  

	 	(e)	“Special Legal Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, or in
the past two years has been, retained to represent (i) the Indemnitor or the Indemnitee in any matter material to either such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.

  
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	2.	INDEMNIFICATION. 

 The
Indemnitee shall be entitled to the rights of indemnification provided in this paragraph 2 and under applicable law, the Charter, the Bylaws, any other agreement, a vote of stockholders or resolution of the Board of Directors or otherwise if,
by reason of such Indemnitee’s Corporate Status, such Indemnitee is, or is threatened to be made, a party to any threatened, pending, or completed Proceeding, including a Proceeding by or in the right of the Company. Unless prohibited by
paragraph 13 hereof and subject to the other provisions of this Agreement, the Indemnitee shall be indemnified hereunder, to the maximum extent permitted by Maryland law in effect from time to time, against judgments, penalties, fines, liabilities,
and settlements and reasonable Expenses actually incurred by or on behalf of such Indemnitee in connection with such Proceeding or any claim, issue or matter therein; provided, however, that if such Proceeding was initiated by or in the right of the
Company, indemnification may not be made in respect of such Proceeding if the Indemnitee shall have been finally adjudged to be liable to the Company. For purposes of this paragraph 2, excise taxes assessed on the Indemnitee with respect to an
employee benefit plan pursuant to applicable law shall be deemed fines. 
  

	3.	EXPENSES OF A SUCCESSFUL PARTY. 

 Without limiting the effect of any other provision of this Agreement, including the rights provided for in paragraphs 2 and 4 hereof, and without regard to the provisions of paragraph 6 hereof, to the
extent that the Indemnitee is, by reason of such Indemnitee’s Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding pursuant to a final non-appealable order, such Indemnitee shall be indemnified against
all reasonable Expenses actually incurred by or on behalf of such Indemnitee in connection therewith. If the Indemnitee is not wholly successful in such Proceeding pursuant to a final non-appealable order but is successful, on the merits or
otherwise, as to one or more but less than all claims, issues, or matters in such Proceeding pursuant to a final non-appealable order, the Indemnitor shall indemnify the Indemnitee against all reasonable Expenses actually incurred by or on behalf of
such Indemnitee in connection with each successfully resolved claim, issue or matter. For purposes of this paragraph and without limitation, the termination of any claim, issue or matter in such Proceeding by dismissal, with or without prejudice,
shall be deemed to be a successful result as to such claim, issue or matter. 
  

	4.	ADVANCEMENT OF EXPENSES. 

Notwithstanding anything in this Agreement to the contrary, but subject to paragraph 13 hereof, if the Indemnitee is or was or becomes a
party to or is otherwise involved in any Proceeding (including as a witness), or is or was threatened to be made a party to or a participant (including as a witness) in any such Proceeding, by reason of the Indemnitee’s Corporate Status, or by
reason of (or arising in part out of) any actual or alleged event or occurrence related to the Indemnitee’s Corporate Status, or by reason of any actual or alleged act or omission on the part of the Indemnitee taken or omitted in or relating to
the Indemnitee’s Corporate Status, then the Indemnitor shall advance all reasonable Expenses incurred by the Indemnitee in connection with any such Proceeding within twenty (20) days after the receipt by the Indemnitor of a statement from
the Indemnitee requesting such advance from time to time, whether prior to or after final disposition of such Proceeding; provided that, such statement shall reasonably evidence the Expenses incurred or to be incurred by the Indemnitee and shall
include or be preceded or accompanied by (i) a written affirmation by the Indemnitee of the Indemnitee’s good faith belief that the standard of conduct necessary for indemnification by the Indemnitor as authorized by this Agreement has
been met and (ii) a written undertaking by or on behalf of the Indemnitee to repay the amounts advanced if it should ultimately be determined that the standard of conduct has not been met. The undertaking required by clause (ii) of the
immediately preceding sentence shall be an unlimited general obligation of the Indemnitee but need not be secured and may be accepted without reference to financial ability to make the repayment. 

 

	5.	WITNESS EXPENSES. 

Notwithstanding any other provision of this Agreement, to the extent that the Indemnitee is, by reason of such Indemnitee’s Corporate
Status, a witness for any reason in any Proceeding to which 

  
 - 3 -

 
such Indemnitee is not a named defendant or respondent, such Indemnitee shall be indemnified by the Indemnitor against all Expenses actually incurred by or on behalf of such Indemnitee in
connection therewith. 
  

	6.	DETERMINATION OF ENTITLEMENT TO AND AUTHORIZATION OF INDEMNIFICATION. 

 

	 	(a)	To obtain indemnification under this Agreement, the Indemnitee shall submit to the Indemnitor a written request, including therewith such documentation and information
reasonably necessary to determine whether and to what extent the Indemnitee is entitled to indemnification. 

  

	 	(b)	 Indemnification under this Agreement may not be made unless authorized for a specific Proceeding after a determination has been made in accordance with
this paragraph 6(b) that indemnification of the Indemnitee is permissible in the circumstances because the Indemnitee has met the following standard of conduct: the Indemnitor shall indemnify the Indemnitee in accordance with the provisions of
paragraph 2 hereof, unless it is established that: (a) the act or omission of the Indemnitee was material to the matter giving rise to the Proceeding and (x) was committed in bad faith or (y) was the result of active and deliberate
dishonesty; (b) the Indemnitee actually received an improper personal benefit in money, property or services; or (c) in the case of any criminal proceeding, the Indemnitee had reasonable cause to believe that the act or omission was
unlawful. Upon receipt by the Indemnitor of the Indemnitee’s written request for indemnification pursuant to subparagraph 6(a), a determination as to whether the applicable standard of conduct has been met shall be made within the period
specified in paragraph 6(e): (i) if a Change in Control shall have occurred, by Special Legal Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to the Indemnitee, with Special Legal Counsel selected by
the Indemnitee (the Indemnitee shall give prompt written notice to the Indemnitor advising the Indemnitor of the identity of the Special Legal Counsel so selected); or (ii) if a Change in Control shall not have occurred, (A) by the Board
of Directors by a majority vote of a quorum consisting of directors not, at the time, parties to the Proceeding, or, if such quorum cannot be obtained, then by a majority vote of a committee of the Board of Directors consisting solely of two or more
directors not, at the time, parties to such Proceeding and who were duly designated to act in the matter by a majority vote of the full Board of Directors in which the designated directors who are parties may participate, (B) if the requisite
quorum of the full Board of Directors cannot be obtained therefor and the committee cannot be established (or, even if such quorum is obtainable or such committee can be established, if such quorum or committee so directs), by Special Legal Counsel
in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee, with Special Legal Counsel selected by the Board of Directors or a committee of the Board of Directors by vote as set forth in clause (ii)(A) of this
paragraph 6(b) (or, if the requisite quorum of the full Board of Directors cannot be obtained therefor and the committee cannot be established, by a majority of the full Board of Directors in which directors who are parties to the Proceeding may
participate) (if the Indemnitor selects Special Legal Counsel to make the determination under this clause (ii), the Indemnitor shall give prompt written notice to the Indemnitee advising him or her of the identity of the Special Legal Counsel so
selected) or (C) if so directed by a majority of the members of the Board of Directors, by the stockholders of the Company. If it is so determined that the Indemnitee is entitled to indemnification, payment to the Indemnitee shall be made
within ten (10) days after such determination. Authorization of indemnification and determination as to reasonableness of Expenses shall be made in the same manner as the determination that indemnification is permissible. However, if the
determination that 

  
 - 4 -

	 	
indemnification is permissible is made by Special Legal Counsel under clause (ii)(B) above, authorization of indemnification and determination as to reasonableness of Expenses shall be made in
the manner specified under clause (ii)(B) above for the selection of such Special Legal Counsel. 

  

	 	(c)	The Indemnitee shall cooperate with the person or entity making such determination with respect to the Indemnitee’s entitlement to indemnification, including
providing upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to the Indemnitee and reasonably necessary to such determination. Any
reasonable costs or expenses (including reasonable attorneys’ fees and disbursements) incurred by the Indemnitee in so cooperating shall be borne by the Indemnitor (irrespective of the determination as to the Indemnitee’s entitlement to
indemnification) and the Indemnitor hereby indemnifies and agrees to hold the Indemnitee harmless therefrom. 

  

	 	(d)	In the event the determination of entitlement to indemnification is to be made by Special Legal Counsel pursuant to paragraph 6(b) hereof, the Indemnitee, or the
Indemnitor, as the case may be, may, within seven days after such written notice of selection shall have been given, deliver to the Indemnitor or to the Indemnitee, as the case may be, a written objection to such selection. Such objection may be
asserted only on the grounds that the Special Legal Counsel so selected does not meet the requirements of “Special Legal Counsel” as defined in paragraph 1 of this Agreement. If such written objection is made, the Special Legal Counsel so
selected may not serve as Special Legal Counsel until a court has determined that such objection is without merit. If, within twenty (20) days after submission by the Indemnitee of a written request for indemnification pursuant to paragraph
6(a) hereof, no Special Legal Counsel shall have been selected or, if selected, shall have been objected to, either the Indemnitor or the Indemnitee may petition a court for resolution of any objection which shall have been made by the Indemnitor or
the Indemnitee to the other’s selection of Special Legal Counsel and/or for the appointment as Special Legal Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom an
objection is so resolved or the person so appointed shall act as Special Legal Counsel under paragraph 6(b) hereof. The Indemnitor shall pay all reasonable fees and expenses of Special Legal Counsel incurred in connection with acting pursuant to
paragraph 6(b) hereof, and all reasonable fees and expenses incident to the selection of such Special Legal Counsel pursuant to this paragraph 6(d). In the event that a determination of entitlement to indemnification is to be made by Special Legal
Counsel and such determination shall not have been made and delivered in a written opinion within ninety (90) days after the receipt by the Indemnitor of the Indemnitee’s request in accordance with paragraph 6(a), upon the due commencement
of any judicial proceeding in accordance with paragraph 8(a) of this Agreement, Special Legal Counsel shall be discharged and relieved of any further responsibility in such capacity. 

 

	 	(e)	 If the person or entity making the determination whether the Indemnitee is entitled to indemnification shall not have made a determination within
forty-five (45) days after receipt by the Indemnitor of the request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and the Indemnitee shall be entitled to such indemnification, absent:
(i) a misstatement by the Indemnitee of a material fact, or an omission of a material fact necessary to make the Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a
prohibition of such indemnification under applicable law. Such 45-day period may be extended for a reasonable time, not to exceed an additional fifteen (15) days, if the person or entity making said determination in good faith requires
additional time for the obtaining or evaluating of documentation and/or 

  
 - 5 -

	 	
information relating thereto. The foregoing provisions of this paragraph 6(e) shall not apply: (i) if the determination of entitlement to indemnification is to be made by the stockholders
and if within fifteen (15) days after receipt by the Indemnitor of the request for such determination the Board of Directors resolves to submit such determination to the stockholders for consideration at an annual or special meeting thereof to
be held within seventy-five (75) days after such receipt and such determination is made at such meeting, or (ii) if the determination of entitlement to indemnification is to be made by Special Legal Counsel pursuant to paragraph 6(b) of
this Agreement. 

  

	7.	PRESUMPTIONS. 

  

	 	(a)	In making a determination with respect to entitlement or authorization of indemnification hereunder, the person or entity making such determination shall presume that
the Indemnitee is entitled to indemnification under this Agreement and the Indemnitor shall have the burden of proof to overcome such presumption. 

  

	 	(b)	The termination of any Proceeding by conviction, or upon a plea of nolo contendere or its equivalent, or an entry of an order of probation prior to judgment, creates a
rebuttable presumption that the Indemnitee did not meet the requisite standard of conduct described herein for indemnification. 

  

	8.	REMEDIES. 

  

	 	(a)	In the event that: (i) a determination is made in accordance with the provisions of paragraph 6 that the Indemnitee is not entitled to indemnification under this
Agreement, or (ii) advancement of reasonable Expenses is not timely made pursuant to this Agreement, or (iii) payment of indemnification due the Indemnitee under this Agreement is not timely made, the Indemnitee shall be entitled to an
adjudication in an appropriate court of competent jurisdiction of such Indemnitee’s entitlement to such indemnification or advancement of Expenses. 

  

	 	(b)	In the event that a determination shall have been made pursuant to paragraph 6 of this Agreement that the Indemnitee is not entitled to indemnification, any judicial
proceeding commenced pursuant to this paragraph 8 shall be conducted in all respects as a de novo trial on the merits. The fact that a determination had been made earlier pursuant to paragraph 6 of this Agreement that the Indemnitee was not entitled
to indemnification shall not be taken into account in any judicial proceeding commenced pursuant to this paragraph 8 and the Indemnitee shall not be prejudiced in any way by reason of that adverse determination. In any judicial proceeding commenced
pursuant to this paragraph 8, the Indemnitor shall have the burden of proving that the Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be. 

 

	 	(c)	If a determination shall have been made or deemed to have been made pursuant to this Agreement that the Indemnitee is entitled to indemnification, the Indemnitor shall
be bound by such determination in any judicial proceeding commenced pursuant to this paragraph 8, absent: (i) a misstatement by the Indemnitee of a material fact, or an omission of a material fact necessary to make the Indemnitee’s
statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

 

	 	(d)	The Indemnitor shall be precluded from asserting in any judicial proceeding commenced pursuant to this paragraph 8 that the procedures and presumptions of this
Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Indemnitor is bound by all the provisions of this Agreement. 

  
 - 6 -

	 	(e)	In the event that the Indemnitee, pursuant to this paragraph 8, seeks a judicial adjudication of such Indemnitee’s rights under, or to recover damages for breach
of, this Agreement, if successful on the merits or otherwise as to all or less than all claims, issues or matters in such judicial adjudication, the Indemnitee shall be entitled to recover from the Indemnitor, and shall be indemnified by the
Indemnitor against, any and all reasonable Expenses actually incurred by such Indemnitee in connection with each successfully resolved claim, issue or matter. 

 

	9.	NOTIFICATION AND DEFENSE OF CLAIMS. 

 The Indemnitee agrees promptly to notify the Indemnitor in writing upon being served with any summons, citation, subpoena, complaint, indictment, information, or other document relating to any Proceeding
or matter which may be subject to indemnification or advancement of Expenses covered hereunder, but the failure so to notify the Indemnitor will not relieve the Indemnitor from any liability that the Indemnitor may have to Indemnitee under this
Agreement unless the Indemnitor is materially prejudiced thereby. With respect to any such Proceeding as to which Indemnitee notifies the Indemnitor of the commencement thereof: 

 

	 	(a)	The Indemnitor will be entitled to participate therein at its own expense. 

 

	 	(b)	Except as otherwise provided below, the Indemnitor will be entitled to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee. After notice from
the Indemnitor to Indemnitee of the Indemnitor’s election so to assume the defense thereof, the Indemnitor will not be liable to Indemnitee under this Agreement for any legal or other expenses subsequently incurred by Indemnitee in connection
with the defense thereof other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ Indemnitee’s own counsel in such Proceeding, but the fees and disbursements of such counsel incurred
after notice from the Indemnitor of the Indemnitor’s assumption of the defense thereof shall be at the expense of Indemnitee unless (a) the employment by counsel by Indemnitee has been authorized by the Indemnitor, (b) the Indemnitee
shall have reasonably concluded that there may be a conflict of interest between the Indemnitor and the Indemnitee in the conduct of the defense of such action, (c) such Proceeding seeks penalties or other relief against the Indemnitee with
respect to which the Indemnitor could not provide monetary indemnification to the Indemnitee (such as injunctive relief or incarceration) or (d) the Indemnitor shall not in fact have employed counsel to assume the defense of such action, in
each of which cases the fees and disbursements of counsel shall be at the expense of the Indemnitor. The Indemnitor shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Indemnitor, or as to which Indemnitee
shall have reached the conclusion specified in clause (b) above, or which involves penalties or other relief against Indemnitee of the type referred to in clause (c) above. 

 

	 	(c)	The Indemnitor shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any action or claim effected without the
Indemnitor’s written consent. The Indemnitor shall not settle any action or claim in any manner that would impose any penalty or limitation on Indemnitee without Indemnitee’s written consent. Neither the Indemnitor nor Indemnitee will
unreasonably withhold or delay consent to any proposed settlement. 

  
 - 7 -

	10.	NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE SUBROGATION. 

  

	 	(a)	The rights of indemnification and to receive advancement of reasonable Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which
the Indemnitee may at any time be entitled under applicable law, the Charter, the Bylaws, any other agreement, a vote of stockholders, a resolution of the Board of Directors or otherwise, except that any payments otherwise required to be made by the
Indemnitor hereunder shall be offset by any and all amounts received by the Indemnitee from any other indemnitor or under one or more liability insurance policies maintained by an indemnitor or otherwise and shall not be duplicative of any other
payments received by an Indemnitee from the Indemnitor in respect of the matter giving rise to the indemnity hereunder. No amendment, alteration or repeal of this Agreement or any provision hereof shall be effective as to the Indemnitee with respect
to any action taken or omitted by the Indemnitee prior to such amendment, alteration or repeal. 

  

	 	(b)	To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors and officers of the Company, the Indemnitee shall
be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available and upon any “Change in Control” the Company shall use commercially reasonable efforts to obtain or arrange for
continuation and/or “tail” coverage for the Indemnitee to the maximum extent obtainable at such time. 

  

	 	(c)	In the event of any payment under this Agreement, the Indemnitor shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee,
who shall execute all papers required and take all actions necessary to secure such rights, including execution of such documents as are necessary to enable the Indemnitor to bring suit to enforce such rights. 

 

	 	(d)	The Indemnitor shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that the Indemnitee has
otherwise actually received such payment under any insurance policy, contract, agreement, or otherwise. 

  

	11.	CONTINUATION OF INDEMNITY. 

  

	 	(a)	All agreements and obligations of the Indemnitor contained herein shall continue during the period the Indemnitee is an officer or a member of the Board of Directors of
the Company and shall continue thereafter so long as the Indemnitee shall be subject to any threatened, pending or completed Proceeding by reason of such Indemnitee’s Corporate Status and during the period of statute of limitations for any act
or omission occurring during the Indemnitee’s term of Corporate Status. This Agreement shall be binding upon the Indemnitor and its respective successors and assigns and shall inure to the benefit of the Indemnitee and such Indemnitee’s
heirs, executors and administrators. 

  

	 	(b)	The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a
substantial part, of the business and/or assets of the Company, by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent
that the Company would be required to perform if no such succession had taken place. 

  
 - 8 -

	12.	SEVERABILITY. 

 If any
provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever, (i) the validity, legality, and enforceability of the remaining provisions of this Agreement (including, without
limitation, each portion of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and
(ii) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself
invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provisions held invalid, illegal or unenforceable. 
  

	13.	EXCEPTIONS TO RIGHT OF INDEMNIFICATION OR ADVANCEMENT OF EXPENSES. 

 Notwithstanding any other provisions of this Agreement, the Indemnitee shall not be entitled to indemnification or advancement of reasonable Expenses under this Agreement with respect to (i) any
Proceeding initiated by such Indemnitee against the Indemnitor other than a proceeding commenced pursuant to paragraph 8 hereof, or (ii) any Proceeding for an accounting of profits arising from the purchase and sale by Indemnitee of securities
of the Company in violation of Section 16(b) of the Exchange Act, rules and regulations promulgated thereunder, or any similar provisions of any federal, state or local statute. 

 

	14.	NOTICE TO THE COMPANY STOCKHOLDERS. 

 Any indemnification of, or advancement of reasonable Expenses, to an Indemnitee in accordance with this Agreement, if arising out of a Proceeding by or in the right of the Company, shall be reported in
writing to the stockholders of the Company with the notice of the next Company stockholders’ meeting or prior to the meeting. 
  

	15.	HEADINGS. 

 The headings
of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

 

	16.	MODIFICATION AND WAIVER. 

No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

 

	17.	NOTICES. 

 All notices,
requests, demands, and other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed,
or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed, if so delivered or mailed, as the case may be, to the following addresses: 

If to the Indemnitee, to the address set forth in the records of the 

Company. 
 If
to the Indemnitor, to: 
 Colony American Homes, Inc. 

2450 Broadway, 6th Floor 
 Santa Monica, California 90404 
 Attention: Chief Executive Officer 

Fax No.: 310-282-8808 

  
 - 9 -

 with a copy (which shall not constitute notice) to: 

CAH Manager, LLC 
 2450 Broadway, 6th Floor 
 Santa Monica, California 90404 

Attention: Director, Legal Department 
 Fax No.: 310-407-7380 
 Email: ColonyLegal@colonyinc.com 

or to such other address as may have been furnished to the Indemnitee by the Indemnitor or to the Indemnitor by the Indemnitee, as the case may be.

  

	18.	GOVERNING LAW. 

 The
parties agree that this Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Maryland, without application of the conflict of laws principles thereof. 

 

	19.	NO ASSIGNMENTS. 

 The
Indemnitee may not assign its rights or delegate obligations under this Agreement without the prior written consent of the Indemnitor. Any assignment or delegation in violation of this paragraph 19 shall be null and void. 

 

	20.	NO THIRD PARTY RIGHTS. 

Nothing expressed or referred to in this Agreement will be construed to give any person other than the parties to this Agreement any legal
or equitable right, remedy or claim under or with respect to this Agreement or any provision of this Agreement. This Agreement and all of its provisions are for the sole and exclusive benefit of the parties to this Agreement and their successors and
permitted assigns. 
  

	21.	COUNTERPARTS. 

 This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together constitute an agreement binding on all of the parties hereto. 

[Signature page follows.] 

  
 - 10 -

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written. 
  

			
	COLONY AMERICAN HOMES, INC.
		
	By:	 	
	Name:	 	
	Title:	 	
	
	INDEMNITEE:
		
	By:	 	
	Name:	 	
	Title:	 	

  

	
	[CAH Indemnification Agreement – Signature Page]

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