Document:

exv10w26

 

EXHIBIT 10.26

KB HOME,

Company,

THE EXISTING GUARANTORS PARTY HERETO,

Guarantors,

KB HOME ORLANDO LLC,

Additional Guarantor,

and

SUNTRUST BANK,

Trustee

 

THIRD SUPPLEMENTAL INDENTURE

 

Dated as of May 1, 2006

-3-

 

     THIS THIRD SUPPLEMENTAL INDENTURE is dated as of May 1, 2006 (this “Third Supplemental
Indenture”), between KB HOME, a Delaware corporation (the “Company”), the Existing
Guarantors (as defined below), KB HOME ORLANDO LLC, a Delaware limited liability company (the
“Additional Guarantor”), and SUNTRUST BANK, a banking association duly organized and
existing under the laws of Georgia (the “Trustee”).

RECITALS:

     WHEREAS, the Company, the Existing Guarantors and the Trustee have heretofore executed and
delivered an Indenture dated as of January 28, 2004 (the “Original Indenture”), which
Original Indenture has been previously amended and supplemented by a First Supplemental Indenture
dated as of January 28, 2004 (the “First Supplemental Indenture”), and a Second
Supplemental Indenture dated as of June 30, 2004 (the “Second Supplemental Indenture”; the
Original Indenture, as amended and supplemented by the First Supplemental Indenture, the Second
Supplemental Indenture and this Third Supplemental Indenture, is hereinafter called the
“Indenture”, which term shall include the terms and provisions of each series of Securities
(as defined in the Original Indenture) established from time to time pursuant to Section 301 of the
Original Indenture), providing for the issuance by the Company from time to time of its Securities;

     WHEREAS, pursuant to Articles Two and Three of the Original Indenture, the Company has
established (i) by the First Supplemental Indenture, the form and terms of a series of the
Company’s Securities designated the “53/4% Senior Notes due 2014” (the “2014 Notes”), (ii) by
the Second Supplemental Indenture, the form and terms of a series of the Company’s Securities
designated the “6-3/8% Senior Notes due 2011” (the “2011 Notes”), (iii) by an Officers’
Certificate and Guarantors’ Officers’ Certificate, dated as of December 15, 2004, the form and
terms of a series of the Company’s Securities designated the “5-7/8% Senior Notes due 2015” (the
“2015 Notes”), (iv) by Officers’ Certificates and Guarantors’ Officers’ Certificates, dated
as of June 2, 2005 and June 27, 2005, the form and terms of a series of the Company’s Securities
designated the “6-1/4% Senior Notes due 2015” (the “Second 2015 Notes”), and (v) by an
Officers’ Certificate and Guarantors’ Officers’ Certificate, dated as of April 3, 2006, the form
and terms of a series of the Company’s Securities designated the “7-1/4% Senior Notes due 2018”
(the “2018 Notes,” and together with the 2014 Notes, the 2011 Notes, the 2015 Notes and the
Second 2015 Notes, the “Senior Notes”) (the Officers’ Certificates and Guarantors’
Officers’ Certificates referred to in clauses (iii), (iv) and (v) of this paragraph are hereinafter
called, together, the “Existing Certificates”);

     WHEREAS, concurrently with the execution and delivery of this Third Supplemental Indenture,
the Additional Guarantor is becoming a party to, and is guaranteeing the obligations of the Company
under, that certain Revolving Loan Agreement, dated as of November 22, 2005, between the Company,
the banks party thereto, Bank of America, N.A. as Administrative Agent, Citicorp North America,
Inc. and JPMorgan Chase Bank, N.A. as Co-Syndication Agents, Calyon New York Branch, Wachovia Bank,
N.A., Barclays Bank plc and The Royal Bank of Scotland plc as Co-Documentation Agents and Banc of
America Securities LLC and Citigroup Global Markets Inc. as Joint Lead Arrangers and Joint Book
Managers;

-1-

 

     WHEREAS, pursuant to Section 1614 of the Original Indenture, the Company, the Existing
Guarantors and the Additional Guarantor wish to amend and supplement the Indenture to provide for
the Additional Guarantor to become a Guarantor (as defined in the Original Indenture) under the
Indenture and to guarantee the obligations of the Company under the Indenture and the Securities
(including, without limitation, the Senior Notes) issued thereunder from time to time and any
Coupons appertaining thereto, and otherwise to modify the Indenture on the terms set forth in this
Third Supplemental Indenture; and

     WHEREAS, the Company has requested that the Trustee execute and deliver this Third
Supplemental Indenture pursuant to Section 901(10) of the Original Indenture, and all requirements
necessary to make this Third Supplemental Indenture a valid instrument in accordance with its terms
have been performed and the execution and delivery of this Third Supplemental Indenture have been
duly authorized in all respects by the Company, each of the Existing Guarantors and the Additional
Guarantor.

     NOW, THEREFORE, for and in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company, the
Existing Guarantors, the Additional Guarantor and the Trustee mutually covenant and agree for the
equal and proportionate benefit of the Holders (as defined in the Original Indenture) of the
Securities or any series thereof and any Coupons, as follows:

     SECTION 1. Definitions.

          (a) Terms used herein and not defined herein have the meanings ascribed to such terms in the
Original Indenture.

          (b) As used in this Third Supplemental Indenture, the terms “2011 Notes,” “2014 Notes,” “2015
Notes,” “2018 Notes,” “Additional Guarantor,” “Existing Certificates,” “First Supplemental
Indenture,” “Original Indenture,” “Second Supplemental Indenture,” “Senior Notes” and “Third
Supplemental Indenture” have the meanings specified in the recitals hereto and in the paragraph
preceding such recitals; and the term “Existing Guarantors” means the Guarantors who signed the
Original Indenture.

     SECTION 2. Guarantee. The parties hereto covenant and agree that, from and after the
date of this Third Supplemental Indenture:

          (a) the Additional Guarantor shall be a Guarantor under the Original Indenture, the First
Supplemental Indenture and the Second Supplemental Indenture as if the Additional Guarantor were an
original signatory to each such document and an original Guarantor named therein;

          (b) without limitation to the other provisions of this Section 2, the Additional Guarantor
shall be a Guarantor under the Indenture with respect to all of the Securities issued and
outstanding thereunder from time to time (including, without limitation, the Senior Notes) and any
Coupons appertaining thereto on and subject to the terms and provisions of the Indenture
(including, without limitation, the terms and provisions of the Existing Certificates);

-2-

 

          (c) without limitation to the other provisions of this Section 2, the Additional Guarantor
agrees that each of the Original Indenture, the First Supplemental Indenture and the Second
Supplemental Indenture constitutes a valid and binding obligation of the Additional Guarantor,
enforceable against the Additional Guarantor in accordance with its terms; and

          (d) without limitation to the other provisions of this Section 2, the Additional Guarantor
agrees to perform and to comply with all of the covenants and agreements of a Guarantor in the
Original Indenture, the First Supplemental Indenture and the Second Supplemental Indenture and each
of the Existing Certificates, in each case as if the Additional Guarantor were an original
signatory thereto and an original Guarantor named therein.

     SECTION 3. Governing Law; Third Supplemental Indenture. This Third Supplemental
Indenture shall be governed by and construed in accordance with the laws of the State of New York
applicable to agreements made or instruments entered into and, in each case, performed in said
State. The terms and conditions of this Third Supplemental Indenture shall be, and be deemed to
be, part of the terms and conditions of the Indenture for any and all purposes. Other than as
amended and supplemented by this Third Supplemental Indenture, the Original Indenture, as amended
and supplemented by the First Supplemental Indenture and the Second Supplemental Indenture, is in
all respects ratified and confirmed.

     SECTION 4. Acceptance by Trustee. Subject to Section 7 hereof, the Trustee hereby
accepts this Third Supplemental Indenture and agrees to perform the same upon the terms and
conditions set forth in the Original Indenture, as amended and supplemented by the First
Supplemental Indenture and the Second Supplemental Indenture.

     SECTION 5. Counterparts. This Third Supplemental Indenture may be executed in two or
more counterparts, each of which shall constitute an original, but all of which when taken together
shall constitute but one instrument.

     SECTION 6. Headings. The headings of this Third Supplemental Indenture are for
reference only and shall not limit or otherwise affect the meaning hereof.

     SECTION 7. Trustee Not Responsible for Recitals. The recitals herein contained are
made by the Company, the Existing Guarantors and the Additional Guarantor and not by the Trustee,
and the Trustee assumes no responsibility for the correctness thereof. The Trustee shall not be
responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Third
Supplemental Indenture, except as to its validity with respect to the Trustee.

     SECTION 8. Separability. In case any one or more of the provisions contained in this
Third Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions hereof shall not, to the fullest extent permitted by
law, in any way be affected or impaired thereby.

[Signature Page Follows]

-3-

 

     IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be
duly executed, and their respective seals to be hereunto affixed, all as of the day and year first
above written.

	 	 	 	 	 
	“Company”:	 	KB HOME
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President, Treasury
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Assistant Secretary
	 	 	 	 
	 
	 	 	 	 
	“Existing Guarantors”:	 	KB HOME PHOENIX INC., an Arizona corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary
	 	 	 	 

-4-

 

	 	 	 	 	 
	 	 	KB HOME COASTAL INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary
	 	 	 	 
	 
	 	 	 	 
	 	 	KB HOME NORTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary
	 	 	 	 

-5-

 

	 	 	 	 	 
	 	 	KB HOME SOUTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary
	 	 	 	 
	 
	 	 	 	 
	 	 	KB HOME GREATER LOS ANGELES INC., a California
corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary
	 	 	 	 

-6-

 

	 	 	 	 	 
	 	 	KB HOME COLORADO INC., a Colorado corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary
	 	 	 	 
	 
	 	 	 	 
	 	 	KB HOME NEVADA INC., a Nevada corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary
	 	 	 	 

-7-

 

	 	 	 	 	 
	 	 	KB HOME LONE STAR LP, a Texas limited partnership
	 
	 	 	 	 
	 

	 	By:
	 	KBSA, INC., a Texas corporation,
	 

	 	 	 	Its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary
	 	 	 	 
	 
	 	 	 	 
	“Additional Guarantor”:	 	KB HOME ORLANDO LLC, a Delaware limited liability company
	 
	 	 	 	 
	 

	 	By:
	 	KB HOME FLORIDA LLC, a Delaware limited

liability company,

Its sole member
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

Name: Tony Richelieu

	 	 	 	 
	Title: Secretary
	 	 	 	 

-8-

 

	 	 	 	 	 
	“Trustee”:	 	SUNTRUST BANK,
	 
	 	 	 	 
	 	 	as Trustee
	 
	 	 	 	 
	 

	 	By:
	 	/s/ MURIEL SHAW
	 

	 	 	 	 
	 

	 	 	 	Name: Muriel Shaw
	 

	 	 	 	Title: Assistant Vice President
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ JACK ELLERIN
 

	 	 	 	 
	Name: Jack Ellerin
	 	 	 	 
	Title: Vice President
	 	 	 	 

-9-exv10w27

 

EXHIBIT 10.27

SECOND SUPPLEMENTAL INDENTURE

(Senior Subordinated Debt Indenture)

     This SECOND SUPPLEMENTAL INDENTURE, dated as of May 1, 2006, (this “Second Supplemental
Indenture”), by and between KB HOME, a Delaware corporation (the “Issuer”), SUNTRUST
BANK, a banking association duly organized and existing under the laws of the State of Georgia
(successor to SunTrust Bank, Atlanta), as trustee under the Indenture referred to below (the
“Trustee”), each of the Existing Guarantors (as defined below) and KB HOME ORLANDO LLC, a
Delaware limited liability company (the “Additional Guarantor”).

W I T N E S S E T H:

     WHEREAS, the Issuer and the Trustee have heretofore executed and delivered a Senior
Subordinated Debt Indenture, dated as of November 19, 1996 (the “Original Indenture”),
providing for the issuance from time to time of the Issuer’s Securities (as defined in the Original
Indenture);

     WHEREAS, the Issuer, the Existing Guarantors and the Trustee have heretofore executed and
delivered a First Supplemental Indenture, dated as of December 18, 2003 (the “First
Supplemental Indenture”; the Original Indenture, as amended and supplemented by the First
Supplemental Indenture and this Second Supplemental Indenture, is hereinafter called the
“Indenture”, which term shall include the form and terms of each series of Securities
established from time to time pursuant to Sections 2.1 and 2.3 of the Original Indenture);

     WHEREAS, pursuant to Article Two of the Original Indenture, the Issuer has established the
form and terms of the 2008 Notes, 2010 Notes and 2011 Notes (as such terms are defined in the
Indenture; the 2008 Notes, 2010 Notes and 2011 Notes are hereinafter called, collectively, the
“Senior Subordinated Notes”) pursuant to the Officers’ Certificates (as defined in Section
14.1 of the Indenture);

     WHEREAS, concurrently with the execution and delivery of this Second Supplemental Indenture,
the Additional Guarantor is becoming a party to, and guaranteeing the obligations of the Issuer
under, that certain Revolving Loan Agreement, dated as of November 22, 2005, between the Issuer,
the banks party thereto, Bank of America, N.A. as Administrative Agent, Citicorp North America,
Inc. and JPMorgan Chase Bank, N.A. as Co-Syndication Agents, Calyon New York Branch, Wachovia Bank,
N.A., Barclays Bank plc and The Royal Bank of Scotland plc as Co-Documentation Agents and Banc of
America Securities LLC and Citigroup Global Markets Inc. as Joint Lead Arrangers and Joint Book
Managers;

     WHEREAS, pursuant to Section 14.16 of the Indenture, the Issuer, the Existing Guarantors and
the Additional Guarantor wish to amend and supplement the Indenture to provide for the Additional
Guarantor to become a Guarantor (as defined in the Indenture) under the Indenture and to guaranty
the obligations of the Issuer under the Senior Subordinated Notes and

-10-

 

under the Indenture, and otherwise to modify the Indenture on the terms set forth in this
Second Supplemental Indenture; and

     WHEREAS, the Issuer has requested that the Trustee execute and deliver this Second
Supplemental Indenture pursuant to Section 8.1 of the Indenture, and all requirements necessary to
make this Second Supplemental Indenture a valid instrument in accordance with its terms have been
performed and the execution and delivery of this Second Supplemental Indenture have been duly
authorized in all respects by the Issuer, each of the Existing Guarantors and the Additional
Guarantor.

     NOW, THEREFORE, for and in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Issuer, the
Existing Guarantors, the Additional Guarantor and the Trustee mutually covenant and agree for the
equal and proportionate benefit of the Holders (as defined in the Indenture) from time to time of
the Senior Subordinated Notes as follows:

ARTICLE ONE

DEFINITIONS

     SECTION 1.1 Definitions.

          (a) Terms used herein and not defined herein have the respective meanings ascribed to such
terms in the Indenture.

          (b) As used in this Second Supplemental Indenture, the terms “Additional Guarantor,” “First
Supplemental Indenture,” “Original Indenture” and “Second Supplemental Indenture” have the meanings
specified in the recitals hereto and in the paragraph preceding such recitals; and the term
“Existing Guarantors” means the Guarantors who signed the First Supplemental Indenture.

ARTICLE TWO

GUARANTY AND RELATED PROVISIONS

     SECTION 2.1 Guaranty. The Additional Guarantor and the Existing Guarantors shall
execute and deliver to the Trustee a Guaranty in the form specified in Section 14.14 of the
Indenture for each series of Senior Subordinated Notes outstanding, each such Guaranty to be held
by the Trustee on behalf of the Holders of each respective series of Senior Subordinated Notes.

     SECTION 2.2 Effect of Guaranties. The parties hereto covenant and agree that, from
and after the date of this Second Supplemental Indenture:

          (a) the Additional Guarantor shall be a Guarantor under the First Supplemental Indenture as if
the Additional Guarantor were an original signatory to such document and an original Guarantor
named therein;

-11-

 

          (b) without limitation to the other provisions of this Section 2.2, the Additional Guarantor
shall be a Guarantor under the Indenture with respect to all of the Senior Subordinated Notes on
and subject to the terms and provisions of the Indenture (including, without limitation, the terms
and provisions of the Officers’ Certificates);

          (c) without limitation to the other provisions of this Section 2.2, the Additional Guarantor
agrees that the First Supplemental Indenture constitutes a valid and binding obligation of the
Additional Guarantor, enforceable against the Additional Guarantor in accordance with its terms;
and

          (d) without limitation to the other provisions of this Section 2.2, the Additional Guarantor
agrees to perform and to comply with all of the covenants and agreements of a Guarantor in the
First Supplemental Indenture as if the Additional Guarantor were an original signatory thereto and
an original Guarantor named therein.

ARTICLE THREE

MISCELLANEOUS

     SECTION 3.1 Ratification of Indenture; Second Supplemental Indenture Part of
Indenture. Except as expressly amended and supplemented hereby, the Original Indenture, as
amended and supplemented by the First Supplemental Indenture, is in all respects ratified and
confirmed and all the terms, conditions and provisions thereof shall remain in full force and
effect. This Second Supplemental Indenture shall form a part of the Indenture for all purposes.

     SECTION 3.2 Acceptance by Trustee. Subject to Section 3.3 hereof, the Trustee hereby
accepts this Second Supplemental Indenture and agrees to perform the same upon the terms and
conditions set forth in the Original Indenture, as amended and supplemented by the First
Supplemental Indenture.

     SECTION 3.3 Concerning the Trustee. The rights and duties of the Trustee shall be
determined by the express provisions of the Indenture and except as expressly set forth in this
Second Supplemental Indenture, nothing in this Second Supplemental Indenture shall in any way
modify or otherwise affect the Trustee’s rights and duties thereunder. The Trustee makes no
representation or warranty as to the validity with respect to the Issuer or the Guarantors or
sufficiency of this Second Supplemental Indenture and, except insofar as relates to the validity
hereof with respect to the Trustee, shall not be liable in connection therewith.

     SECTION 3.4 New York Law to Govern. This Second Supplemental Indenture shall be
deemed to be a contract under the laws of the State of New York, and for all purposes shall be
governed by and construed in accordance with the laws of such State.

     SECTION 3.5 Separability. In case any one or more of the provisions contained in
this Second Supplemental Indenture shall for any reason be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any
other provisions of this Second Supplemental Indenture, but this Second Supplemental Indenture

-12-

 

shall be construed as if such invalid, illegal or unenforceable provision had never been
contained herein.

     SECTION 3.6 Counterparts. This Second Supplemental Indenture may be executed in any
number of counterparts each of which shall be an original; but such counterparts shall together
constitute but one and the same instrument.

     SECTION 3.7 Effect of Headings. The Article and Section headings herein are for
convenience only and shall not affect the construction hereof.

[Signature Page Follows]

-13-

 

     IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be
duly executed, and their respective seals to be hereunto affixed, all as of the day and year first
above written.

	 	 	 	 	 
	“Issuer”:	 	KB HOME
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President, Treasury
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Assistant Secretary
	 	 	 	 
	 
	 	 	 	 
	“Existing Guarantors”:	 	KB HOME PHOENIX INC., an Arizona corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary
	 	 	 	 

-14-

 

	 	 	 	 	 
	 	 	KB HOME COASTAL INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary:
	 	 	 	 
	 
	 	 	 	 
	 	 	KB HOME NORTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary:
	 	 	 	 

-15-

 

	 	 	 	 	 
	 	 	KB HOME SOUTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred

	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary:
	 	 	 	 
	 
	 	 	 	 
	 	 	KB HOME GREATER LOS ANGELES INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary:
	 	 	 	 

-16-

 

	 	 	 	 	 
	 	 	KB HOME COLORADO INC., a Colorado corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary:
	 	 	 	 
	 
	 	 	 	 
	 	 	KB HOME NEVADA INC., a Nevada corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary:
	 	 	 	 
	 
	 	 	 	 

-17-

 

	 	 	 	 	 
	 	 	KB HOME LONE STAR LP, a Texas limited partnership
	 
	 	 	 	 
	 

	 	By:
	 	KBSA, INC., a Texas corporation,
	 

	 	 	 	Its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary:
	 	 	 	 
	 
	 	 	 	 
	“Additional Guarantor”:	 	KB HOME ORLANDO LLC, a Delaware limited liability company
	 
	 	 	 	 
	 

	 	By:
	 	KB HOME FLORIDA LLC, a Delaware limited
	 

	 	 	 	liability company,
	 

	 	 	 	Its sole member
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ TONY RICHELIEU
 

	 	 	 	 
	Name: Tony Richelieu
	 	 	 	 
	Title: Secretary:
	 	 	 	 

-18-

 

	 	 	 	 	 
	“Trustee”:	 	SUNTRUST BANK,
	 
	 	 	 	 
	 	 	as Trustee
	 
	 	 	 	 
	 

	 	By:
	 	/s/ MURIEL SHAW
	 

	 	 	 	 
	 

	 	 	 	Name: Muriel Shaw
	 

	 	 	 	Title: Assistant Vice President
	 
	 	 	 	 
	[SEAL]
	 	 	 	 
	 
	 	 	 	 
	Attest:
	 	 	 	 
	 
	 	 	 	 
	/s/ JACK ELLERIN
 

	 	 	 	 
	Name: Jack Ellerin
	 	 	 	 
	Title: Vice President
	 	 	 	 

-19-

 

May 1, 2006

GUARANTY

     For value received, each of the undersigned (the “Guarantors”) hereby absolutely and
unconditionally guaranties, jointly and severally, to each Holder of
any of the Issuer’s
85/8% Senior
Subordinated Notes due 2008 (the “Subject Notes”) and to the Trustee on behalf of each such
Holder prompt payment when due, whether at stated maturity, upon acceleration, upon repurchase at
the option of the Holder, upon redemption at the option of the Issuer or otherwise, and at all
times thereafter, of the principal of and premium, if any, and interest on any of the Subject Notes
and of any and all other existing and future indebtedness and liabilities of every kind, nature and
character, direct or indirect, absolute or contingent, liquidated or unliquidated, voluntary or
involuntary, of the Issuer to the Holders of the Subject Notes arising under the Senior
Subordinated Debt Indenture dated as of November 19, 1996, as amended and supplemented by the First
Supplemental Indenture dated as of December 18, 2003 and the Second Supplemental Indenture dated as
of the date hereof, between the Issuer, SunTrust Bank, as successor trustee, and the guarantors
party thereto (such Indenture, as so amended and supplemented and as the same may be further
amended or supplemented from time to time, the “Indenture”) or the Subject Notes
(collectively, the “Guarantied Obligations”) in accordance with, and subject to, the terms
set forth in Article Fourteen of the Indenture. All capitalized terms used in this Guaranty which
are defined in the Indenture shall have the meaning assigned to them in the Indenture.

     Each Guarantor and, by its acceptance and ownership of a Subject Note and by its acceptance of
any benefits under this Guaranty, each Holder of a Subject Note hereby confirms that it is the
intention of all parties that the obligations of the Guarantors under their Guaranties shall not
constitute a fraudulent conveyance or fraudulent transfer under any applicable fraudulent
conveyance, fraudulent transfer, bankruptcy, insolvency or other similar law of any applicable
jurisdiction. To effectuate the foregoing, each Holder of Subject Notes, by its acceptance and
ownership of Subject Notes and by its acceptance of any benefits under this Guaranty, and each
Guarantor hereby agrees that the obligations of such Guarantor under its Guaranty are limited to
the maximum amount as will, after giving effect to all other contingent and fixed liabilities of
such Guarantor, result in the obligations of such Guarantor under its Guaranty not constituting a
fraudulent conveyance or fraudulent transfer under applicable law. Subject to the preceding
limitation, the obligations of each Guarantor under its Guaranty constitute a guaranty of payment
in full when due and not merely a guaranty of collectability.

     The obligations of each Guarantor to the Holders of Subject Notes and to the Trustee pursuant
to its Guaranty and the Indenture are expressly set forth in Article Fourteen of the Indenture, and
reference is hereby made to such Indenture for the precise terms thereof.

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

-20-

 

     IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed by their
respective duly authorized signatories.

	 	 	 	 	 
	 	 	KB HOME ORLANDO LLC, a Delaware limited liability company
	 
	 	 	 	 
	 

	 	By:
	 	KB HOME FLORIDA LLC, a Delaware
	 

	 	 	 	limited liability company,
	 

	 	 	 	Its sole member
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred

Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME PHOENIX INC., an Arizona corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME COASTAL INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME NORTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer

-21-

 

	 	 	 	 	 
	 	 	KB HOME SOUTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME GREATER LOS ANGELES INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME COLORADO INC., a Colorado corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME NEVADA INC., a Nevada corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME LONE STAR LP, a Texas limited partnership
	 
	 	 	 	 
	 

	 	By:
	 	KBSA, INC., a Texas corporation,
	 

	 	 	 	Its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer

-22-

 

May 1, 2006

GUARANTY

     For value received, each of the undersigned (the “Guarantors”) hereby absolutely and
unconditionally guaranties, jointly and severally, to each Holder of any of the Issuer’s 73/4% Senior
Subordinated Notes due 2010 (the “Subject Notes”) and to the Trustee on behalf of each such
Holder prompt payment when due, whether at stated maturity, upon acceleration, upon repurchase at
the option of the Holder, upon redemption at the option of the Issuer or otherwise, and at all
times thereafter, of the principal of and premium, if any, and interest on any of the Subject Notes
and of any and all other existing and future indebtedness and liabilities of every kind, nature and
character, direct or indirect, absolute or contingent, liquidated or unliquidated, voluntary or
involuntary, of the Issuer to the Holders of the Subject Notes arising under the Senior
Subordinated Debt Indenture dated as of November 19, 1996, as amended and supplemented by the First
Supplemental Indenture dated as of December 18, 2003 and the Second Supplemental Indenture dated as
of the date hereof, between the Issuer, SunTrust Bank, as successor trustee, and the guarantors
party thereto (such Indenture, as so amended and supplemented and as the same may be further
amended or supplemented from time to time, the “Indenture”) or the Subject Notes
(collectively, the “Guarantied Obligations”) in accordance with, and subject to, the terms
set forth in Article Fourteen of the Indenture. All capitalized terms used in this Guaranty which
are defined in the Indenture shall have the meaning assigned to them in the Indenture.

     Each Guarantor and, by its acceptance and ownership of a Subject Note and by its acceptance of
any benefits under this Guaranty, each Holder of a Subject Note hereby confirms that it is the
intention of all parties that the obligations of the Guarantors under their Guaranties shall not
constitute a fraudulent conveyance or fraudulent transfer under any applicable fraudulent
conveyance, fraudulent transfer, bankruptcy, insolvency or other similar law of any applicable
jurisdiction. To effectuate the foregoing, each Holder of Subject Notes, by its acceptance and
ownership of Subject Notes and by its acceptance of any benefits under this Guaranty, and each
Guarantor hereby agrees that the obligations of such Guarantor under its Guaranty are limited to
the maximum amount as will, after giving effect to all other contingent and fixed liabilities of
such Guarantor, result in the obligations of such Guarantor under its Guaranty not constituting a
fraudulent conveyance or fraudulent transfer under applicable law. Subject to the preceding
limitation, the obligations of each Guarantor under its Guaranty constitute a guaranty of payment
in full when due and not merely a guaranty of collectability.

     The obligations of each Guarantor to the Holders of Subject Notes and to the Trustee pursuant
to its Guaranty and the Indenture are expressly set forth in Article Fourteen of the Indenture, and
reference is hereby made to such Indenture for the precise terms thereof.

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

-23-

 

     IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed by their
respective duly authorized signatories.

	 	 	 	 	 
	 	 	KB HOME ORLANDO LLC, a Delaware limited liability company
	 
	 	 	 	 
	 

	 	By:
	 	KB HOME FLORIDA LLC, a Delaware limited
	 

	 	 	 	liability company,
	 

	 	 	 	Its sole member
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred

Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME PHOENIX INC., an Arizona corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred

Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME COASTAL INC., a California corporation
	 
	 	 	 	 
	 

	 	By: /
	 	s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	KB HOME NORTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By: /
	 	s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred

Title: Vice President and Treasurer

-24-

 

	 	 	 	 	 
	 	 	KB HOME SOUTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME GREATER LOS ANGELES INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME COLORADO INC., a Colorado corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME NEVADA INC., a Nevada corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME LONE STAR LP, a Texas limited partnership
	 
	 	 	 	 
	 

	 	By:
	 	KBSA, INC., a Texas corporation,
	 

	 	 	 	Its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer

-25-

 

May 1, 2006

GUARANTY

     For value received, each of the undersigned (the “Guarantors”) hereby absolutely and
unconditionally guaranties, jointly and severally, to each Holder of any of the Issuer’s 91/2% Senior
Subordinated Notes due 2011 (the “Subject Notes”) and to the Trustee on behalf of each such
Holder prompt payment when due, whether at stated maturity, upon acceleration, upon repurchase at
the option of the Holder, upon redemption at the option of the Issuer or otherwise, and at all
times thereafter, of the principal of and premium, if any, and interest on any of the Subject Notes
and of any and all other existing and future indebtedness and liabilities of every kind, nature and
character, direct or indirect, absolute or contingent, liquidated or unliquidated, voluntary or
involuntary, of the Issuer to the Holders of the Subject Notes arising under the Senior
Subordinated Debt Indenture dated as of November 19, 1996, as amended and supplemented by the First
Supplemental Indenture dated as of December 18, 2003 and the Second Supplemental Indenture dated as
of the date hereof, between the Issuer, SunTrust Bank, as successor trustee, and the guarantors
party thereto (such Indenture, as so amended and supplemented and as the same may be further
amended or supplemented from time to time, the “Indenture”) or the Subject Notes
(collectively, the “Guarantied Obligations”) in accordance with, and subject to, the terms
set forth in Article Fourteen of the Indenture. All capitalized terms used in this Guaranty which
are defined in the Indenture shall have the meaning assigned to them in the Indenture.

     Each Guarantor and, by its acceptance and ownership of a Subject Note and by its acceptance of
any benefits under this Guaranty, each Holder of a Subject Note hereby confirms that it is the
intention of all parties that the obligations of the Guarantors under their Guaranties shall not
constitute a fraudulent conveyance or fraudulent transfer under any applicable fraudulent
conveyance, fraudulent transfer, bankruptcy, insolvency or other similar law of any applicable
jurisdiction. To effectuate the foregoing, each Holder of Subject Notes, by its acceptance and
ownership of Subject Notes and by its acceptance of any benefits under this Guaranty, and each
Guarantor hereby agrees that the obligations of such Guarantor under its Guaranty are limited to
the maximum amount as will, after giving effect to all other contingent and fixed liabilities of
such Guarantor, result in the obligations of such Guarantor under its Guaranty not constituting a
fraudulent conveyance or fraudulent transfer under applicable law. Subject to the preceding
limitation, the obligations of each Guarantor under its Guaranty constitute a guaranty of payment
in full when due and not merely a guaranty of collectability.

     The obligations of each Guarantor to the Holders of Subject Notes and to the Trustee pursuant
to its Guaranty and the Indenture are expressly set forth in Article Fourteen of the Indenture, and
reference is hereby made to such Indenture for the precise terms thereof.

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

-26-

 

     IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed by their
respective duly authorized signatories.

	 	 	 	 	 
	 	 	KB HOME ORLANDO LLC, a Delaware limited liability company
	 
	 	 	 	 
	 

	 	By:
	 	KB HOME FLORIDA LLC, a Delaware
	 

	 	 	 	limited liability company,
	 

	 	 	 	Its sole member
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME PHOENIX INC., an Arizona corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME COASTAL INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME NORTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer

-27-

 

	 	 	 	 	 
	 	 	KB HOME SOUTH BAY INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME GREATER LOS ANGELES INC., a California corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME COLORADO INC., a Colorado corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME NEVADA INC., a Nevada corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer
	 
	 	 	 	 
	 	 	KB HOME LONE STAR LP, a Texas limited partnership
	 
	 	 	 	 
	 

	 	By:
	 	KBSA, INC., a Texas corporation,
	 

	 	 	 	Its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ KELLY M. ALLRED
	 

	 	 	 	 
	 

	 	 	 	Name: Kelly M. Allred
	 

	 	 	 	Title: Vice President and Treasurer

-28-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]