Document:

Exhibit 10.2

Executive
Compensation Program

The description of our executive compensation program
set forth under the caption “Compensation Discussion and Analysis” on pages
11-22 of our definitive proxy statement on Schedule 14A, filed with the
Securities and Exchange Commission on April 14, 2007,  is incorporated herein by reference.Exhibit
10.2

THIRD AMENDMENT TO AMENDED AND
RESTATED

REVOLVING
CREDIT LOAN AGREEMENT

GREENWOOD FINANCIAL, INC.,

A DELAWARE CORPORATION,

AND CERTAIN AFFILIATES

Borrowers

ORLEANS HOMEBUILDERS, INC.,

A DELAWARE CORPORATION

Guarantor

WACHOVIA BANK, NATIONAL ASSOCIATION

Administrative
Agent

WACHOVIA CAPITAL MARKETS, LLC

Lead
Arranger

BANK OF AMERICA, N.A.

Syndication Agent

SOVEREIGN BANK

Documentation Agent

MANUFACTURERS AND TRADERS TRUST
COMPANY

Documentation Agent

NATIONAL CITY BANK

Documentation Agent

WACHOVIA BANK, NATIONAL
ASSOCIATION

FIRSTRUST BANK

GUARANTY BANK

U.S. BANK NATIONAL ASSOCIATION

CITIZENS BANK OF PENNSYLVANIA

COMMERCE BANK, N.A.

SUNTRUST BANK

REGIONS BANK

FRANKLIN BANK, SSB

COMERICA BANK

COMPASS BANK, an Alabama Banking
Corporation

JPMORGAN CHASE BANK, N.A.

LASALLE BANK NATIONAL ASSOCIATION

DEUTSCHE BANK TRUST COMPANY
AMERICAS

Lenders

 

Executed:
May 8, 2007

 

THIRD
AMENDMENT TO AMENDED AND RESTATED

REVOLVING CREDIT LOAN AGREEMENT

This Third Amendment to Amended and Restated Revolving
Credit Loan Agreement (this “Amendment”), executed as of the 8th day of May, 2007 (the “Execution Date”), but
effective as of March 31, 2007 (the “Effective Date”), by and among GREENWOOD
FINANCIAL, INC., a Delaware corporation (“Master Borrower”), each of the other entities
identified on Schedule 1.1A that is attached hereto as “Borrowers,” ORLEANS
HOMEBUILDERS, INC., as Delaware corporation as guarantor (“Guarantor”), the
Lenders who are a party hereto, and WACHOVIA BANK, NATIONAL ASSOCIATION, as
Agent for the Lenders (“Agent”).

BACKGROUND

A.                                  Master
Borrower, Agent, the Lenders, Guarantor and the Borrowers are parties to an
Amended and Restated Revolving Credit Loan Agreement dated as of January 24,
2006, and amended by a First Amendment to Amended and Restated Revolving Credit
Loan Agreement dated as of November 1, 2006 and a Second Amendment to Amended
and Restated Revolving Credit Loan Agreement executed as of February 7, 2007
(as so amended, the “Agreement”).  All
capitalized terms used but not specifically defined herein have the meanings
defined in the Agreement.

B.                                    The
parties hereto desire to modify and amend the Agreement in the manner set forth
in this Amendment.

NOW THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are acknowledged,
and intending to be legally bound hereby, the parties hereto agree as follows:

1.                                      Effect
of this Amendment.  This Amendment
shall become effective (but as of the Effective Date) only upon the execution
of this Amendment by the Borrowers, Guarantor, Agent and Requisite Lenders.

2.                                      Definition
of Swap Contract.  The definition of “Swap
Contract” set forth in Section 1.1 of the Agreement is hereby deleted and the
following is inserted in its place:

“Swap Contract” means any “swap
agreement” (as that term is defined in 11 U.S.C. § 101, as heretofore or
hereafter amended), including, without limitation, an interest rate exchange,
collar, cap, adjustable strike cap, adjustable strike corridor or similar
agreement entered into by any Borrower or Guarantor with any individual Lender
in order to provide protection to, or minimize the impact upon, any Borrower
and/or the Guarantor of increasing floating rates of interest applicable to
some or all of the Loans.

3.             Borrowing
Base Availability.  Notwithstanding anything
to the contrary contained in Section 3.3.2.4 of the Loan Agreement, the maximum
Borrowing Base Availability attributable to Asset Class (ii), including models,
determined on the basis of any Borrowing Base Certificate that is provided in
accordance with Section 3.4 and (a) is dated as of a date that is on

 

or after March 31, 2007
and (b) is dated as of a date that is on or before August 31, 2007 shall not
exceed the lesser of (a) $105,000,000 or (b) 45% of the aggregate Borrowing
Base Availability attributable to Asset Classes (i) and (ii) as shown on such Borrowing
Base Certificate.  The maximum Borrowing
Base Availability attributable to Asset Class (ii), including models,
determined on the basis of any Borrowing Base Certificate that is dated as of a
date that is after August 31, 2007, shall not exceed 30% of the aggregate
Borrowing Base Availability attributable to Asset Classes (i) and (ii) as shown
on such Borrowing Base Certificate. 
Lenders acknowledge and agree that Borrowers may, within five Business
Days after the Effective Date, pursuant to Section 3.4 of the Agreement, submit
to Agent an amended and restated Borrowing Base Certificate dated as of March
31, 2007 providing information as of that date and reflecting the terms
conditions and provisions of the Agreement (including without limitation this
Amendment) and that the Borrowing Base Availability as of March 31, 2007 shall
be determined on the basis of any such amended and restated Borrowing Base
Certificate and otherwise in accordance with the Agreement and this Amendment.

4.                                      Debt
Service Coverage Ratio.  Section
8.1.2 of the Agreement is hereby deleted, as of the Effective Date, and the
following is inserted in its place:

8.1.2                       As
of the last day of each of the following Fiscal Quarters, for the Relevant
Accounting Period then ended, the ratio of (i) the sum of (a) Guarantor’s
Adjusted EBITDA plus (b) non-cash charges and expenses (including, but
not limited to, inventory impairment, abandoned project charges and stock
option expense) plus (c) extraordinary losses plus (d) net income
from Joint Ventures up to the amount of cash actually distributed to Guarantor minus
(e) non-cash credits minus (f) extraordinary gains to (ii) Debt Service
shall be greater than or equal to the following applicable ratios:

	
  Fiscal Quarters Ended

  	
   

  	
  Minimum Required Ratio-

  
	
  March 31, 2007

  	
   

  	
  1.30:1

  
	
  June 30, 2007

  	
   

  	
  0.50:1

  
	
  September 30,
  2007

  	
   

  	
  1.50:1

  
	
  December 31,
  2007

  	
   

  	
  1.50:1

  
	
  March 31, 2008

  	
   

  	
  1.65:1

  
	
  June 30, 2008

  	
   

  	
  1.80:1

  
	
  September 30,
  2008

  	
   

  	
  1.80:1

  
	
  If the Maturity
  Date is postponed pursuant to Section 2.13:

  	
   

  	
   

  
	
  December 31,
  2008

  	
   

  	
  1.80:1

  
	
  Last day of each
  subsequent Fiscal Quarter

  	
   

  	
  2.25:1

  

 

5.                                      Net
Worth. Section 8.2 of the Loan Agreement is hereby deleted, as of the
Effective Date, and the following is inserted in its place:

8.2           Consolidated
Tangible Net Worth.  Guarantor shall
maintain a minimum Consolidated Tangible Net Worth that (i) on March 31, 2007,
is at least $205,000,000 and (ii) at

 2
 

 

all times after March 31, 2007, is equal to an amount
that is not less than the sum of (a) $205,000,000, plus (b) an amount equal to
fifty percent (50%) of the positive net income of Guarantor earned during each
Fiscal Quarter that ends after March 31, 2007 plus (c) all of the net proceeds
of equity securities issued by Guarantor or any of its subsidiaries after March
31, 2007.

6.                                      Land.  Section 8.5.1 of the Agreement is hereby
deleted, as of the Effective Date, and the following is inserted in its place:

8.5.1        On the last day of each Fiscal Quarter
that ends on or after March 31, 2007, (i) the aggregate book value of all
Approved Land and Raw Land owned by Borrowers, Guarantor or any subsidiary of a
Borrower or Guarantor shall not exceed thirty percent (30%) of Guarantor’s
Consolidated Adjusted Tangible Net Worth and (ii) the ratio of (a) the book
value of all Land owned by Borrowers, Guarantor or any subsidiary of a Borrower
or Guarantor which is not subject to a Qualifying Agreement of Sale and on
which no Unit has been constructed or is being constructed to (b) Guarantor’s
Consolidated Adjusted Tangible Net Worth shall not exceed the following
applicable ratio:

	
  Fiscal Quarter Ending

  	
   

  	
  Applicable Ratio

  
	
  March 31, 2007

  	
   

  	
  2.10:1

  
	
  June 30, 2007

  	
   

  	
  2.10:1

  
	
  September 30,
  2007

  	
   

  	
  1.65:1

  
	
  December 31,
  2007

  	
   

  	
  1.65:1

  
	
  March 31, 2008
  and thereafter

  	
   

  	
  1.50:1

  

 

7.                                       Facility
Amendment Consideration.  Upon the
effectiveness of this Amendment, Borrowers shall pay to Agent, for the account
of each of those Lenders who has executed this Amendment, a facility amendment
fee as set forth in the Fee Letter dated May 7, 2007 from Agent to
Guarantor.  Such facility amendment fee,
once paid, shall not be refundable to Borrowers in any amount or for any
reason.

8.                                       No
Defense.  Each of the Borrowers and
Guarantor hereby (i) ratifies and affirms their respective obligations and
liabilities under the Loan Documents to which they are a party and (ii)
represents to, and agrees with, Agent and Lenders that on the Effective Date it
has no defense, set-off or counterclaim to or against any of such liabilities
or obligations.

9.                                       Counterparts.  This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and shall be
binding upon all parties, their successors and assigns, and all of which taken
together shall constitute one and the same agreement.

10.                                 Entire
Agreement.  The Agreement (as amended
by this Amendment) and the other Loan Documents contain the entire agreement
and understanding among Borrowers, Guarantor, Lenders and Agent regarding the
Facility.  All prior negotiations and
discussions between or among any of the parties hereto regarding the Facility
and the terms and conditions thereof are superseded by the Agreement (as
amended by this Amendment) and the other Loan Documents.

 3
 

 

[Signatures
on the following page]

 4
 

 

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement under seal the day and year set forth
above.

	
  Master Borrower:

  	
  Greenwood Financial, Inc., a Delaware corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Lawrence J. Dugan

  
	
   

  	
   

  	
  Lawrence J. Dugan

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  Corporate Borrowers:

  	
  Masterpiece Homes, Inc.

  	
   

  
	
   

  	
  OHB Homes, Inc.

  	
   

  
	
   

  	
  Orleans Corporation

  	
   

  
	
   

  	
  Orleans Corporation of New Jersey

  
	
   

  	
  Orleans Construction Corp.

  	
   

  
	
   

  	
  Parker & Lancaster Corporation

  
	
   

  	
  Parker & Orleans Homebuilders, Inc.

  
	
   

  	
  Sharp Road Farms, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  Lawrence J. Dugan

  
	
   

  	
   

  	
  Lawrence J. Dugan

  
	
   

  	
   

  	
  Vice President

  
				

 

 

[Borrowers’
signatures continued on the following page]

 5

 

	
  Limited Liability Company

  	
   

  
	
  Borrowers:

  	
   

  
	
   

  	
  Meadows at Hyde Park, LLC

  
	
   

  	
  OPCNC, LLC

  
	
   

  	
  Orleans at Bordentown, LLC

  
	
   

  	
  Orleans at Cooks Bridge, LLC

  
	
   

  	
  Orleans at Covington Manor, LLC

  
	
   

  	
  Orleans at Crofton Chase, LLC

  
	
   

  	
  Orleans at East Greenwich, LLC

  
	
   

  	
  Orleans at Elk Township, LLC

  
	
   

  	
  Orleans at Evesham, LLC

  
	
   

  	
  Orleans at Hamilton, LLC

  
	
   

  	
  Orleans at Harrison, LLC

  
	
   

  	
  Orleans at Hidden Creek, LLC

  
	
   

  	
  Orleans at Jennings Mill, LLC

  
	
   

  	
  Orleans at Lambertville, LLC

  
	
   

  	
  Orleans at Lyons Gate, LLC

  
	
   

  	
  Orleans at Mansfield, LLC

  
	
   

  	
  Orleans at Maple Glen, LLC

  
	
   

  	
  Orleans at Meadow Glen, LLC

  
	
   

  	
  Orleans at Millstone, LLC

  
	
   

  	
  Orleans at Millstone River Preserve, LLC

  
	
   

  	
  Orleans at Moorestown, LLC

  
	
   

  	
  Orleans at Tabernacle, LLC

  
	
   

  	
  Orleans at Upper Freehold, LLC

  
	
   

  	
  Orleans at Wallkill, LLC (f/k/a Kabro of Middletown,
  LLC)

  
	
   

  	
  Orleans at Westampton Woods, LLC

  
	
   

  	
  Orleans at Woolwich, LLC

  
	
   

  	
  Orleans Arizona Realty, LLC (f/k/a Orleans at King
  Ranch, LLC)

  
	
   

  	
  Orleans DK, LLC

  
	
   

  	
  Parker Lancaster, Tidewater, LLC

  
	
   

  	
  Wheatley Meadows Associates, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  LAWRENCE J. DUGAN 

  	
   

  
	
   

  	
   

  	
  Lawrence J. Dugan

  
	
   

  	
   

  	
  Vice President

  

 

 

 

[Borrowers’
signatures continued on the following page]

 6
 

 

	
  Limited Partnership

  	
   

  
	
  Borrowers:

  	
   

  
	
   

  	
  Brookshire Estates, L.P.(f/k/a Orleans at Brookshire
  Estates, L.P.)

  
	
   

  	
  Orleans at Aston, LP

  
	
   

  	
  Orleans at Falls, LP

  
	
   

  	
  Orleans at Limerick, LP

  
	
   

  	
  Orleans at Lower Salford, LP

  
	
   

  	
  Orleans at Thornbury, LP

  
	
   

  	
  Orleans at Upper Saucon, L.P.

  
	
   

  	
  Orleans at Upper Uwchlan, LP

  
	
   

  	
  Orleans at West Bradford, LP

  
	
   

  	
  Orleans at West Vincent, LP

  
	
   

  	
  Orleans at Windsor Square, LP

  
	
   

  	
  Orleans at Wrightstown, LP

  
	
   

  	
  Stock Grange, LP

  
	
   

  	
  By:

  	
  OHI PA GP, LLC, sole General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  LAWRENCE J. DUGAN 

  	
   

  
	
   

  	
  Lawrence J. Dugan

  
	
   

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
  Orleans RHIL, LP

  
	
   

  	
  Realen Homes, L.P.

  
	
   

  	
  By:

  	
  RHGP, LLC, sole General Partner

  
	
   

  	
  By:

  	
  Orleans Homebuilders, Inc.,

  
	
   

  	
  Authorized Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  GARRY HERDLER

  	
   

  
	
   

  	
  Garry Herdler

  
	
   

  	
  Chief Financial Officer

  
	
   

  	
   

  
	
  Guarantor:

  	
  Orleans Homebuilders, Inc., a Delaware corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  GARRY HERDLER

  	
   

  
	
   

  	
  Garry Herdler

  
	
   

  	
  Chief Financial Officer

  
							

 

 

 

[Lenders’
signatures on the following pages]

 7
 

 

	
  Agent:

  	
  Wachovia Bank, National Association

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  JEFFREY D. WALLACE

  	
   

  
	
   

  	
  Jeffrey D. Wallace

  
	
   

  	
  Senior Vice President

  

 

 8
 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WACHOVIA BANK,

  
	
   

  	
  NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  JEFFREY D. WALLACE 

  
	
   

  	
  Jeffrey D. Wallace, Senior Vice President

  

 

 9
 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN 

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Sean Finnegan 

  
	
   

  	
   

  	
  Name: Sean Finnegan

  
	
   

  	
   

  	
  Title: Senior Vice President

  

 

 10
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SOVEREIGN BANK

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Ernest J. Kociban 

  
	
   

  	
   

  	
  Name: Ernest J. Kociban

  
	
   

  	
   

  	
  Title: Senior Vice President

  

 

 11
 

 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MANUFACTURERS AND TRADERS TRUST

  COMPANY

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Bernard T. Shields

  
	
   

  	
   

  	
  Name: Bernard T. Shields

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  	
   

  

 

 12
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER, DATED AS OF MAY 8, 2007:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NATIONAL CITY BANK

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Brian Gallagher 

  
	
   

  	
   

  	
  Name: Brian Gallagher

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  	
   

  
						

 

 13
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND 

  RESTATED REVOLVING CREDIT LOAN 

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FIRSTRUST BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Gary S. Kinn 

  
	
   

  	
   

  	
  Name: Gary S. Kinn

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  	
   

  

 

 14
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GUARANTY BANK

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Linda Garcia 

  
	
   

  	
   

  	
  Name: Linda Garcia

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Senior Vice President

  	
   

  	
   

  

 

 15
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY ____, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 16
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CITIZENS BANK OF PENNSYLVANIA

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Michael J. DiSanto

  
	
   

  	
   

  	
  Name: Michael J. DiSanto

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Senior Vice President

  	
   

  	
   

  

 

 17
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD 

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  COMMERCE BANK, N.A.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Joseph L. Rago 

  
	
   

  	
   

  	
  Name: Joseph L. Rago

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Vice President

  	
   

  	
   

  

 

 18
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY ____, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SUNTRUST BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 19
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  REGIONS BANK, successor by merger to

  
	
   

  	
  Amsouth Bank

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Ronny Hudspeth

  
	
   

  	
   

  	
  Name: Ronny Hudspeth

  
	
   

  	
   

  	
  Title: Senior Vice President

  

 

 20
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY ___, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FRANKLIN BANK, SSB

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 21
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  COMERICA BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Adam Sheets 

  
	
   

  	
   

  	
  Name: Adam Sheets

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Account Officer

  	
   

  	
   

  

 

 22
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COMPASS BANK, an Alabama Banking Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Johana Duke Paley

  
	
   

  	
   

  	
  Name: Johana Duke Paley

  
	
   

  	
   

  	
  Title: Senior Vice President

  

 

 23
 

 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY ____, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JPMORGAN CHASE BANK, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 24
 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  ESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LaSALLE BANK, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Natalie Savitski

  
	
   

  	
   

  	
  Name: Natalie Savitski

  
	
   

  	
   

  	
  Title: Vice President

  

 

 25
 

 

	
  

  	
  LENDER SIGNATURE PAGE TO THIRD

  AMENDMENT TO AMENDED AND

  RESTATED REVOLVING CREDIT LOAN

  AGREEMENT WITH GREENWOOD

  FINANCIAL, INC. AS MASTER BORROWER,

  DATED AS OF MAY 8, 2007:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DEUTSCHE BANK TRUST COMPANY AMERICAS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  David J. Bell

  
	
   

  	
   

  	
  Name: David J. Bell

  
	
   

  	
   

  	
  Title:  Managing
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Robert M. Wood, Jr.

  
	
   

  	
   

  	
  Name: Robert M. Wood, Jr.

  
	
   

  	
   

  	
  Title:  Director

  

 

 

 26
 

Schedule 1.1A  — 
Schedule of Borrowers

	
  Master:

  	
  Greenwood Financial, Inc.

  
	
   

  	
   

  
	
  Corporate:

  	
   

  
	
   

  	
  Masterpiece Homes, Inc.

  
	
   

  	
  OHB Homes, Inc.

  
	
   

  	
  Orleans Corporation

  
	
   

  	
  Orleans Corporation of New Jersey

  
	
   

  	
  Orleans Construction Corp.

  
	
   

  	
  Parker & Lancaster Corporation

  
	
   

  	
  Parker & Orleans Homebuilders, Inc.

  
	
   

  	
  Sharp Road Farms, Inc.

  
	
   

  	
   

  
	
  Limited Liability Companies:

  	
   

  
	
   

  	
  Meadows at Hyde Park, LLC

  
	
   

  	
  OPCNC, LLC

  
	
   

  	
  Orleans at Bordentown, LLC

  
	
   

  	
  Orleans at Cooks Bridge, LLC

  
	
   

  	
  Orleans at Covington Manor, LLC

  
	
   

  	
  Orleans at Crofton Chase, LLC

  
	
   

  	
  Orleans at East Greenwich, LLC

  
	
   

  	
  Orleans at Elk Township, LLC

  
	
   

  	
  Orleans at Evesham, LLC

  
	
   

  	
  Orleans at Hamilton, LLC

  
	
   

  	
  Orleans at Harrison, LLC

  
	
   

  	
  Orleans at Hidden Creek, LLC

  
	
   

  	
  Orleans at Jennings Mill, LLC

  
	
   

  	
  Orleans at Lambertville, LLC

  
	
   

  	
  Orleans at Lyons Gate, LLC

  
	
   

  	
  Orleans at Mansfield, LLC

  
	
   

  	
  Orleans at Maple Glen, LLC

  
	
   

  	
  Orleans at Meadow Glen, LLC

  
	
   

  	
  Orleans at Millstone, LLC

  
	
   

  	
  Orleans at Millstone River Preserve, LLC

  
	
   

  	
  Orleans at Moorestown, LLC

  
	
   

  	
  Orleans at Tabernacle, LLC

  
	
   

  	
  Orleans at Upper Freehold, LLC

  
	
   

  	
  Orleans at Wallkill, LLC (f/k/a Kabro of Middletown,
  LLC)

  

 

(Schedule
of Borrowers continued on the following page)

 27
 

 

	
   

  	
  Orleans at Westampton Woods, LLC

  
	
   

  	
  Orleans at Woolwich, LLC

  
	
   

  	
  Orleans Arizona Realty, LLC (f/k/a Orleans at King
  Ranch, LLC)

  
	
   

  	
  Orleans DK, LLC

  
	
   

  	
  Parker Lancaster, Tidewater, LLC

  
	
   

  	
  Wheatley Meadows Associates, LLC

  
	
   

  	
   

  
	
  Limited Partnerships:

  	
   

  
	
   

  	
  Brookshire Estates, L.P.(f/k/a Orleans at Brookshire
  Estates, L.P.)

  
	
   

  	
  Orleans at Aston, LP

  
	
   

  	
  Orleans at Falls, LP

  
	
   

  	
  Orleans at Limerick, LP

  
	
   

  	
  Orleans at Lower Salford, LP

  
	
   

  	
  Orleans RHIL, LP

  
	
   

  	
  Orleans at Thornbury, LP

  
	
   

  	
  Orleans at Upper Saucon, L.P.

  
	
   

  	
  Orleans at Upper Uwchlan, LP

  
	
   

  	
  Orleans at West Bradford, LP

  
	
   

  	
  Orleans at West Vincent, LP

  
	
   

  	
  Orleans at Windsor Square, LP

  
	
   

  	
  Orleans at Wrightstown, LP

  
	
   

  	
  Realen Homes, L.P.

  
	
   

  	
  Stock Grange, LP

  

 

 28

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]