Document:

EX-10.2

 Exhibit 10.2 
 REGISTRATION RIGHTS AGREEMENT 
 THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is dated , 2013 and is by and among The New Home Company Inc., a Delaware corporation (the “Company”) (having been converted from The New Home Company LLC in connection with the initial public offering
(“IPO”) of shares of Common Stock (as hereinafter defined) of the Company), TNHC PARTNERS LLC (“TNHC Partners”), a Delaware limited liability company, IHP CAPITAL PARTNERS VI, LLC (“IHP”), a
Delaware limited liability company, WATT/TNHC LLC (“Watt”), a California limited liability company and TCN/TNHC LP (“Tricon,” and collectively with TNHC Partners, IHP and Watt, the “TNHC
Stockholders”), a Delaware limited partnership. 
 RECITALS 

WHEREAS, the Company is currently contemplating an underwritten IPO of shares of its Common Stock; and 

WHEREAS, the Company desires to grant registration rights to the TNHC Stockholders on the terms and conditions set out in this Agreement.

 NOW, THEREFORE, the parties agree as follows: 
 ARTICLE I 
 DEFINITIONS 

SECTION 1.1 Certain Definitions. As used in this Agreement: 

“Affiliate” has the meaning ascribed thereto in Rule 12b-2 promulgated under the Exchange Act, as in effect on the
date hereof. 
 “Agreement” has the meaning set forth in the preamble. 

“Blackout Period” has the meaning set forth in Section 2.3(g). 

“Board” means the Board of Directors of the Company. 

“Business Day” means a day other than a Saturday, Sunday, federal or New York State holiday or other day on which
commercial banks in New York City are authorized or required by law to close. 
 “Company” has the meaning set
forth in the preamble. 
 “Common Stock” means the shares of common stock, par value $0.01 per share, of the
Company, and any other capital stock of the Company into which such stock is reclassified or reconstituted and any other common stock of the Company. 

 “Control” (including its correlative meanings, “Controlled
by” and “under common Control with”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other
ownership interests, by contract or otherwise) of a Person. 
 “Demand Party” 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, as the same may be amended from time to time. 
 “FINRA” means the
Financial Industry Regulatory Authority. 
 “Free Writing Prospectus” has the meaning set forth in
Section 2.4(c). 
 “Governmental Authority” means any nation or government, any state or other political
subdivision thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 
 “Holder” means each TNHC Stockholder that is a holder of Registrable Securities or any Transferee of such TNHC Stockholder to whom registration rights are assigned pursuant to
Article III. 
 “Indemnified Parties” has the meaning set forth in Section 3.1. 

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

“Law” means any statute, law, regulation, ordinance, rule, injunction, order, decree, governmental approval, directive,
requirement, or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing by, any Governmental Authority. 

“Lockup Period” has the meaning set forth in Section 2.5(d)(i). 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 
 “Public Offering” means a public offering of equity securities in the Company or any successor thereto or any Subsidiary of the Company pursuant to a registration statement declared or
otherwise becoming effective under the Securities Act. 
 “Registrable Securities” means (i) all shares of
Common Stock issued to the Holders upon the conversion of their capital in The New Home Company LLC pursuant to the Plan of Conversion dated            , 2013 and (ii) any shares of
Common Stock issued or issuable with respect to any shares described in clause (i) above by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization.
As to any Registrable Securities, such Securities will cease to be Registrable Securities when: 
 (i) a
registration statement covering such Registrable Securities has been declared effective and such Registrable Securities have been disposed of pursuant to such effective registration statement; 

  
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 (ii) such Registrable Securities shall have been sold pursuant to
Rule 144 or 145 (or any similar provision then in effect) under the Securities Act; 
 (iii) such
Registrable Securities may be sold pursuant to Rule 144 or 145 (or any similar provision then in effect) under the Securities Act, without reporting obligations or restriction as to volume; or 

(iv) such Registrable Securities cease to be outstanding. 

“Registration Expenses” means any and all expenses incident to the performance by the Company of its obligations under
this Agreement, including: 
 (i) all SEC, stock exchange and FINRA registration and filing fees (including, if
applicable, the fees and expenses of any “qualified independent underwriter,” as such term is defined in Rule 5121 of FINRA, and of its counsel); 
 (ii) all fees and expenses of complying with securities or blue sky Laws (including fees and disbursements of counsel for the underwriters in connection with blue sky qualifications of the Registrable
Securities); 
 (iii) all printing, messenger and delivery expenses; 

(iv) all fees and expenses incurred in connection with the listing of the Registrable Securities on any securities
exchange and FINRA and any rating agency fees; 
 (v) the reasonable fees and disbursements of counsel for the
Company and of its independent public accountants, including the expenses of any special audits and/or “cold comfort” letters required by or incident to such performance and compliance; 

(vi) any fees and disbursements of underwriters customarily paid by the issuers or sellers of Securities, including
liability insurance if the Company so desires or if the underwriters so require, and the reasonable fees and expenses of any special experts retained in connection with the requested registration, but excluding underwriting discounts and commissions
and transfer taxes, if any; 
 (vii) the reasonable fees and out-of-pocket expenses of not more than one law firm
(as selected by the holders of a majority of the Registrable Securities included in such registration) incurred by all the Holders in connection with the registration; 

(viii) the costs and expenses of the Company relating to analyst and investor presentations or any “road show”
undertaken in connection with the registration and/or marketing of the Registrable Securities (including the reasonable out-of-pocket expenses of the Holders); and 

  
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 (ix) any other fees and disbursements customarily paid by the issuers of
securities. 
 “SEC” means the U.S. Securities and Exchange Commission or any successor agency. 

“Securities” means capital stock, limited partnership interests, limited liability company interests, beneficial
interests, warrants, options, notes, bonds, debentures, and other securities, equity interests, ownership interests and similar obligations of every kind and nature of any Person. 

“Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder, as the same may be amended from time to time. 
 “Shelf Notice” has the meaning set forth in
Section 2.3(a). 
 “Shelf Registration Statement” has the meaning set forth in Section 2.3(a).

 “Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership,
association or other business entity of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, representatives or
trustees thereof is at the time owned or Controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; or (ii) if a limited liability company, partnership, association or
other business entity, a majority of the total voting power of stock (or equivalent ownership interest) of the limited liability company, partnership, association or other business entity is at the time owned or Controlled, directly or indirectly,
by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other
business entity if such Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or Control the managing director or general partner of such limited
liability company, partnership, association or other business entity. 
 “THNC Stockholders” has the meaning
set forth in the preamble. 
 “Transfer” (including its correlative meanings, “Transferor”,
“Transferee” and “Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any
option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in or to such security. When used as a noun,
“Transfer” shall have such correlative meaning as the context may require. 
 SECTION 1.2 Other
Definitional Provisions; Interpretation. 
 (a) The words “hereof,” “herein,” and
“hereunder” and words of similar import when used in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement, and references in this Agreement to a designated “Article” or
“Section” refer to an Article or Section of this Agreement unless otherwise specified. 

  
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 (b) The headings in this Agreement are included for convenience of reference only and do not
limit or otherwise affect the meaning or interpretation of this Agreement. 
 (c) The meanings given to terms defined herein are
equally applicable to both the singular and plural forms of such terms. 
 ARTICLE II 

REGISTRATION RIGHTS 
 SECTION 2.1 Demand Registration. 
 (a) At any time following the
expiration of the Lockup Period, upon the written request of a Holder (in such capacity, a “Demand Party”) requesting that the Company effect the registration under the Securities Act of Registrable Securities and specifying the
amount and intended method of disposition thereof, the Company will (i) promptly give written notice of such requested registration to any other Holders pursuant to Section 2.2 and other holders of Securities entitled to notice of such
registration, if any, and (ii) as expeditiously as possible, and in any event within forty-five (45) days after a request for registration pursuant to this Section 2.1(a) is given to the Company, use its reasonable best efforts to
file a registration statement to effect the registration under the Securities Act of: 
 (A) such Registrable
Securities which the Company has been so requested to register by the Demand Party in accordance with the intended method of disposition thereof; 
 (B) the Registrable Securities of any other Holders which the Company has been requested to register by written request given to the Company within fifteen (15) days after the giving of such written
notice by the Company pursuant to Section 2.2; and 
 (C) all shares of Common Stock which the Company may
elect to register in connection with any offering of Registrable Securities pursuant to this Section 2.1. 
 Notwithstanding the foregoing,
the Company shall not be obligated to file a registration statement relating to any registration request under this Section 2.1(a): 
 (x) within a period of sixty (60) days (or such lesser period as the managing underwriters in an underwritten offering may permit) after the effective date of any other registration statement
relating to any registration request under this Section 2.1(a) or relating to any registration referred to in Section 2.2 or 2.3; or 
 (y) if the Company has previously effected one (1) such registration pursuant to this Section 2.1(a) at the request of a Holder. 

  
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 (b) The Company shall use reasonable best efforts to cause the registration statement filed
pursuant to Section 2.1(a) to be declared effective by the SEC (if such registration statement is not an automatic shelf registration statement) within ninety (90) days after the filing date thereof. A demand registration shall not be
deemed to have been effected and shall not count for purposes of Section 2.1(a), (i) unless a registration statement with respect thereto has become effective and has remained effective for a period of at least ninety (90) days (or
such shorter period in which all Registrable Securities included in such registration statement have actually been sold thereunder), (ii) if, after it has become effective, such registration statement becomes subject prior to ninety
(90) days after effectiveness to any stop order, injunction or other order or requirement of the SEC or other Governmental Authority for any reason or (iii) if the conditions to closing specified in the underwriting agreement entered into
in connection with such registration statement are not satisfied, other than by reason of any act or omission by such Demand Party. 
 (c) Each registration statement prepared at the request of a Demand Party shall be effected on such appropriate form as requested by the Demand Party and as shall be reasonably acceptable to the Company.

 (d) The Company will pay all Registration Expenses in connection with each registration of Registrable Securities requested
pursuant to this Section 2.1. 
 (e) If a requested registration pursuant to this Section 2.1 involves an underwritten
offering, the Company shall have the right to select the investment banker or bankers and managers to administer the offering, including the lead managing underwriter; provided, however, that such investment banker or bankers and
managers shall be reasonably satisfactory to the Demand Party. For the avoidance of doubt, each applicable Holder participating in such an underwritten offering shall be responsible for paying the underwriting discounts and commissions applicable to
such Holder’s Registrable Securities sold by the underwriters in such underwritten offering. 
 (f) If a requested
registration pursuant to this Section 2.1 involves an underwritten offering and the managing underwriter advises the Company in writing that, in its opinion, the number of Securities requested to be included in such registration (including
Securities of the Company which are not Registrable Securities) exceeds the number which can be sold in such offering, so as to be likely to have an adverse effect on the price, timing or distribution of the Securities offered in such offering, then
the number of such Securities to be included in such registration shall be allocated in the following order of priority: (i) first, up to the number of Registrable Securities requested to be included in such registration by the Demand Party and
such other Holders who have requested to have Registrable Securities included in such registration pursuant to Section 2.2, which, in the opinion of the managing underwriter, can be sold without having the adverse effect referred to above,
which number of Registrable Securities shall be allocated pro rata among the Demand Party and the requesting Holders on the basis of the relative number of Registrable Securities requested to be included in such registration statement;
(ii) second, Securities the Company proposes to sell; and (iii) third, all other Securities of the Company duly requested to be included in such registration statement by holders thereof who have then-existing registration rights with
respect to such Securities, which, in the opinion of the managing underwriter, can be sold without having the adverse effect referred to above,  

  
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which number of Securities shall be allocated pro rata among such other holders on the basis of the amount of such other Securities requested to be included or such other method determined
by the Company. 
 (g) The Company shall not be obligated to maintain the effectiveness of a registration statement under the
Securities Act filed pursuant to this Section 2.1 for a period longer than ninety (90) days. In addition, the Company shall be entitled to postpone (upon written notice to all applicable Holders) for up to two occasions, and in no event
for more than an aggregate of one hundred twenty (120) days, the filing or the effectiveness of a registration statement filed pursuant to this Section 2.1 (but no more than twice in any period of twelve (12) consecutive months) if
the Board determines in good faith and in its reasonable judgment that the filing or effectiveness of such registration statement would cause the disclosure of material, non-public information that the Company has a bona fide business purpose for
preserving as confidential. If the Company shall so postpone the filing of a registration statement, the Holders of Registrable Securities to be registered shall have the right to withdraw the request for registration by giving written notice from
such Holders within forty-five (45) days after receipt of the notice of postponement (and, in the event of such withdrawal, such request shall not be counted for purposes of determining the number of requests for registration to which the
Holders are entitled pursuant to Section 2.1(a) or 2.2(a), as the case may be). 
 SECTION 2.2 Piggyback
Rights. 
 (a) If at any time following the expiration of the Lockup Period, the Company proposes to register equity
Securities under the Securities Act (other than a registration on Form S-4 or S-8, or any successor or other forms promulgated for similar purposes), whether for its own account or for the account of Security holders, it will, at each such time
following expiration of the Lockup Period, give prompt written notice to the Holders of its intention to do so and of such Holders’ rights under this Section 2.2; provided that the Company shall not be obligated to provide the
foregoing notice to the Holders or to effect the registration of Registrable Securities of the Holders pursuant to this Section 2.2 if the Company has previously effected three (3) such registrations for any Holder pursuant to this
Section 2.2. Subject to the foregoing proviso, upon the written request of any Holder made within fifteen (15) days after the receipt of any such notice (which request shall specify the number of Registrable Securities intended to be
disposed of by such Holder), the Company will use its reasonable best efforts to effect the registration under the Securities Act of all Registrable Securities which the Holders have so requested to be registered; provided that: (i) if,
at any time after giving written notice of its intention to register any Securities and prior to the effective date of the registration statement filed in connection with such registration, the Company shall determine for any reason not to proceed
with the proposed registration of the Securities to be sold by it, the Company may, at its election, give written notice of such determination to the Holders and, thereupon, the Company shall be relieved of its obligation to register any Registrable
Securities in connection with such registration (but not from its obligation to pay the Registration Expenses incurred in connection therewith) (and, for the avoidance of doubt, in such event, the request of any Holders to be included in such
registration shall not be counted for purposes of determining the number of requests for registration to which the Holders are entitled pursuant to this Section 2.2(a)); and (ii) if such registration involves an underwritten offering, the
Holders of Registrable Securities requesting to be included in the registration must sell their Registrable Securities to the underwriters selected 

  
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by the Company on the same terms and conditions as apply to the Company, with, in the case of a combined primary and secondary offering, only such differences, including any with respect to
representations and warranties, indemnification and liability insurance, as may be customary or appropriate in combined primary and secondary offerings. 
 (b) The Company will pay all Registration Expenses in connection with each registration of Registrable Securities requested pursuant to this Section 2.2. 

(c) If a registration pursuant to this Section 2.2 involves an underwritten offering and the managing underwriter advises the
Company in writing that, in its opinion, the number of Registrable Securities and other Securities requested to be included in such registration exceeds the number which can be sold in such offering, so as to be likely to have an adverse effect on
the price, timing or distribution of the Securities offered in such offering, then the number of Securities to be included in such registration shall be allocated in the following order of priority: (i) first, 100% of the Securities the Company
proposes to sell, if any; (ii) second, up to the number of Registrable Securities requested to be included in such registration by all Holders who have requested to have Registrable Securities included in such registration, which, in the
opinion of the managing underwriter, can be sold without having the adverse effect referred to above, which number of Registrable Securities shall be allocated pro rata among such Holders on the basis of the relative number of Registrable
Securities requested to be included in such registration statement; and (iii) third, all other Securities of the Company duly requested to be included in such registration statement by holders thereof who have then-existing registration rights
with respect to such Securities, which, in the opinion of the managing underwriter, can be sold without having the adverse effect referred to above, which number of Securities shall be allocated pro rata among such other holders on the basis
of the amount of such other Securities requested to be included or such other method determined by the Company. 
 (d) The
Company shall not be obligated to effect any registration of Registrable Securities under this Section 2.2 incidental to the registration of any of its Securities in connection with: 

(1) any Public Offering relating to employee benefits plans or dividend reinvestment plans; or 

(2) any Public Offering relating to the acquisition or merger after the date hereof by the Company or any of its
Subsidiaries of or with any other businesses. 
 (e) If a registration pursuant to this Section 2.2 involves an
underwritten offering, the Company shall select the investment banker or bankers and managers to administer the offering, including the lead managing underwriter; provided, however, that if any TNHC Stockholders has requested that its
Registrable Securities be registered pursuant to this Section 2.2 such investment banker or bankers and managers shall be reasonably satisfactory to such TNHC Stockholders. For the avoidance of doubt, each applicable Holder participating in
such an underwritten offering shall be responsible for paying the underwriting discounts and commissions applicable to such Holder’s Registrable Securities sold by the underwriters in such underwritten offering. 

  
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 SECTION 2.3 Shelf Registration. 

(a) At any time following the expiration of the Lockup Period and subject to the availability of a Registration Statement on Form S-3 to
the Company, any Demand Party may by written notice delivered to the Company (the “Shelf Notice”) request that the Company file as soon as practicable (but no later than forty-five (45) days after the date the Shelf Notice is
delivered), and use reasonable best efforts to cause to be declared effective by the SEC (if the Shelf Registration Statement (as defined below) is not an automatic shelf registration statement) within ninety (90) days after such filing date, a
Registration Statement on Form S-3 providing for an offering to be made on a continuous basis pursuant to Rule 415 under the Securities Act relating to the offer and sale, from time to time, of the Registrable Securities owned by such Demand Party
and any other Holders who elect to participate therein as provided in Section 2.3(b) in accordance with the plan and method of distribution set forth in the prospectus included in such Registration Statement on Form S-3 (the “Shelf
Registration Statement”). 
 (b) Promptly after receipt of a Shelf Notice pursuant to Section 2.3(a), the Company
will deliver written notice thereof to each other Holder pursuant to Section 2.2. Each such Holder may elect to participate in the Shelf Registration Statement by delivering to the Company a written request to so participate within fifteen
(15) days after the Shelf Notice is received by any such Holder. 
 (c) Subject to Section 2.3(g), the Company will
use its reasonable best efforts to keep the Shelf Registration Statement continuously effective, and, if necessary, to file one or more successor Shelf Registration Statements and keep such successor Shelf Registration Statement(s) continuously
effective, such that there is no period when a Shelf Registration Statement is not in effect until the date on which all Registrable Securities covered by the Shelf Registration Statement have been sold thereunder in accordance with the plan and
method of distribution disclosed in the prospectus included in the Shelf Registration Statement, or otherwise. 
 (d) Subject to
Section 2.3(g), each Holder who elected to participate in the Shelf Registration Statement shall have the right to request that an underwritten offering be effected off the Shelf Registration Statement at any time; provided that in no
event shall the Company be obligated to effect: (i) an underwritten offering pursuant to this Section 2.3(d) within a period of sixty (60) days (or such lesser period as the managing underwriters in an underwritten offering may
permit) after the effective date of any registration statement relating to any registration effected pursuant to Section 2.1 or 2.2; or (ii) more than three (3) underwritten offerings pursuant to this Section 2.3(d) in any single
six-month period. Promptly after receipt of a request that an underwritten offering be effected off the Shelf Registration Statement, the Company will deliver written notice thereof to each other Holder who elected to participate in the Shelf
Registration Statement, and each such Holder may elect to participate in the underwritten offering by delivering to the Company a written request to so participate within five (5) days after such notice is received by any such Holder. If an
underwritten offering is effected off the Shelf Registration Statement, the Company shall have the right to select the investment banker or bankers and managers to administer the offering, including the lead managing underwriter; provided,
however, that such investment banker or bankers and managers shall be reasonably satisfactory to the holders of at least a majority of the Registrable Securities included in the Shelf Registration Statement. For the avoidance of doubt, each
applicable Holder participating in such 

  
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an underwritten offering shall be responsible for paying the underwriting discounts and commissions applicable to such Holder’s Registrable Securities sold by the underwriters in such
underwritten offering. A request for an underwritten offering may be withdrawn by at least a majority of the Registrable Securities included in such offering prior to the consummation thereof, and, in such event, such withdrawal shall not be treated
as a request for an underwritten offering which shall have been effected pursuant to this Section 2.3(d). 
 (e) If an
underwritten offering is effected off the Shelf Registration Statement and the managing underwriter advises the Company in writing that, in its opinion, the number of Securities requested to be included in such underwritten offering (including
Securities of the Company which are not Registrable Securities) exceeds the number which can be sold in such offering, so as to be likely to have an adverse effect on the price, timing or distribution of the Securities offered in such offering, then
the number of such Securities to be included in such underwritten offering shall be allocated in the following order of priority: (i) first, 100% of the Securities the Company proposes to sell, if any; (ii) second, up to the number of
Registrable Securities requested to be included in such underwritten offering by all Holders who have requested to have Registrable Securities included in such underwritten offering, which, in the opinion of the managing underwriter, can be sold
without having the adverse effect referred to above, which number of Registrable Securities shall be allocated pro rata among such Holders on the basis of the relative number of Registrable Securities requested to be included in such
underwritten offering; and (iii) third, all other Securities of the Company duly requested to be included in such underwritten offering by holders thereof who have then-existing registration rights with respect to such Securities, which, in the
opinion of the managing underwriter, can be sold without having the adverse effect referred to above, which number of Securities shall be allocated pro rata among such other holders on the basis of the amount of such other Securities
requested to be included or such other method determined by the Company. 
 (f) The Company will pay all Registration Expenses
in connection with each registration of Registrable Securities requested pursuant to this Section 2.3. 
 (g)
Notwithstanding anything to the contrary contained in this Agreement, the Company shall be entitled, from time to time, by providing written notice to the Holders who elected to participate in the Shelf Registration Statement, to require such
Holders to suspend the use of the prospectus for sales of Registrable Securities under the Shelf Registration Statement for a reasonable period of time not to exceed sixty (60) days in succession or one hundred twenty (120) days in the
aggregate in any 12-month period (a “Blackout Period”) if the Company shall determine that it is required to disclose in the Shelf Registration Statement a financing, acquisition, corporate reorganization or other similar
transaction or other material event or circumstance affecting the Company or its securities, and that the disclosure of such information at such time would be detrimental to the Company or the holders of its equity Securities. Immediately upon
receipt of such notice, the Holders covered by the Shelf Registration Statement shall suspend the use of the prospectus until the requisite changes to the prospectus have been made as required below. Any Blackout Period shall terminate at such time
as the public disclosure of such information is made. After the expiration of any Blackout Period and without any further request from a Holder, the Company shall as promptly as reasonably practicable prepare a post-effective amendment or supplement
to the Shelf Registration Statement or the prospectus, or any document incorporated therein by reference, or file any other 

  
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required document so that, as thereafter delivered to purchasers of the Registrable Securities included therein, the prospectus will not include an untrue statement of a material fact or omit to
state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. The time period for which the Company is required to maintain the effectiveness of the Shelf Registration
Statement shall be extended by the aggregate number of days of all Blackout Periods occurring with respect thereto. 

SECTION 2.4 Registration Procedures. If and whenever the Company is required to file a registration statement with respect
to, or to use its reasonable best efforts to effect or cause the registration of, any Registrable Securities under the Securities Act as provided in this Agreement, the Company will as expeditiously as possible: 

(a) prepare and file with the SEC a registration statement on an appropriate form with respect to such Registrable Securities and, if
such registration statement is not an automatically effective registration statement, use its reasonable best efforts to cause such registration statement to become effective; provided, however, that the Company may discontinue any
registration of Securities which it has initiated for its own account at any time prior to the effective date of the registration statement relating thereto (and, in such event, the Company shall pay the Registration Expenses incurred in connection
therewith); and provided, further, that before filing a registration statement or prospectus, or any amendments or supplements thereto, the Company will furnish to counsel for the sellers of Registrable Securities covered by such
registration statement copies of all documents proposed to be filed, which documents will be subject to the review of such counsel; 
 (b) prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement
effective and to comply with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Securities covered by such registration statement during such period in accordance with the intended methods of disposition
by the seller or sellers thereof set forth in such registration statement; provided that before filing a registration statement or prospectus, or any amendments or supplements thereto, the Company will furnish to counsel for the sellers of
Registrable Securities covered by such registration statement copies of all documents proposed to be filed, which documents will be subject to the review of such counsel; 
 (c) furnish to each seller of such Registrable Securities such number of copies of such registration statement and of each amendment and supplement thereto (in each case including all exhibits filed
therewith, excluding any documents incorporated by reference), such number of copies of the prospectus included in such registration statement (including each preliminary prospectus and summary prospectus) and each free writing prospectus (as
defined in Rule 405 of the Securities Act) (a “Free Writing Prospectus”) utilized in connection therewith and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities
Act, and such other documents as such seller may reasonably request in order to facilitate the disposition of the Registrable Securities by such seller; 

  
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 (d) use its reasonable best efforts to register or qualify such Registrable Securities
covered by such registration in such jurisdictions as each seller shall reasonably request, and do any and all other acts and things which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such
jurisdictions of the Registrable Securities owned by such seller, except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction where, but for the requirements of
this subsection (d), it would not be obligated to be so qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; 

(e) use its reasonable best efforts to cause such Registrable Securities covered by such registration statement to be registered with or
approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; 

(f) notify each seller of any such Registrable Securities covered by such registration statement, at any time when a prospectus relating
thereto is required to be delivered under the Securities Act, of the Company’s becoming aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing, and at the request of any such seller, prepare and furnish to such seller a reasonable number of
copies of an amended or supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; 
 (g) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the SEC, and make available to its Security holders, as soon as reasonably practicable (but not more
than eighteen (18) months) after the effective date of the registration statement, an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act; 

(h)(i) use its reasonable best efforts to list such Registrable Securities on any securities exchange on which other Securities of
the Company are then listed if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange; and (ii) use its reasonable best efforts to provide a transfer agent and registrar for
such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; 
 (i) enter into such customary agreements (including an underwriting agreement in customary form), which may include indemnification provisions in favor of underwriters and other Persons in addition to, or
in substitution for, the indemnification provisions hereof, and take such other actions as sellers of a majority of such Registrable Securities or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of
such Registrable Securities; 
 (j) obtain a “cold comfort” letter or letters from the Company’s independent
public accountants in customary form and covering matters of the type customarily covered by “cold comfort” letters as the seller or sellers of a majority of such Registrable Securities shall reasonably request; 

  
 12 

 (k) make available for inspection by any seller of such Registrable Securities covered by
such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such underwriter, all pertinent
financial and other records, pertinent corporate documents and properties of the Company as reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement, and cause all of the
Company’s officers, directors and employees to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; 

(l) notify counsel for the Holders of Registrable Securities included in such registration statement and the managing underwriter or
agent, immediately, and confirm the notice in writing: (i) when the registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment to any
prospectus or any Free Writing Prospectus utilized in connection therewith shall have been filed; (ii) of the receipt of any comments from the SEC; (iii) of any request of the SEC to amend the registration statement or amend or supplement
the prospectus or for additional information; and (iv) of the issuance by the SEC of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of
the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes; 

(m) provide each holder of Registrable Securities included in such registration statement reasonable opportunity to comment on the
registration statement, any post-effective amendments to the registration statement, any supplement to the prospectus or any amendment to any prospectus; 
 (n) make every reasonable effort to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary
prospectus and, if any such order is issued, to obtain the withdrawal of any such order at the earliest possible moment; 
 (o)
if requested by the managing underwriter or agent or any holder of Registrable Securities covered by the registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter
or agent or such holder reasonably requests to be included therein, including, with respect to the number of Registrable Securities being sold by such holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or
agent and with respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after
being notified of the matters incorporated in such prospectus supplement or post-effective amendment; 

  
 13 

 (p) cooperate with the holders of Registrable Securities covered by the registration
statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing Securities to be sold under the registration statement, and enable such
Securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or the Holders may request; 
 (q) use its reasonable best efforts to make available the executive officers of the Company to participate with the holders of Registrable Securities and any underwriters in any “road shows”
that may be reasonably requested by the holders in connection with distribution of Registrable Securities; 
 (r) obtain for
delivery to the holders of Registrable Securities being registered and to the underwriter or agent an opinion or opinions from counsel for the Company in customary form and in form, substance and scope reasonably satisfactory to such holders,
underwriters or agents and their counsel; and 
 (s) cooperate with each seller of Registrable Securities and each underwriter
or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA. 
 SECTION 2.5 Other Registration-Related Matters. 
 (a) The Company may
require any seller of Registrable Securities pursuant to Section 2.1, 2.2 or 2.3 to furnish to the Company in writing such information regarding such Person and pertinent to the disclosure requirements relating to the registration and the
distribution of the Registrable Securities which are included in such Public Offering as the Company may from time to time reasonably request in writing. 
 (b) Each Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 2.4(f), it will forthwith discontinue disposition of
Registrable Securities pursuant to the registration statement covering such Registrable Securities until its receipt of the copies of the amended or supplemented prospectus contemplated by Section 2.4(f) and, if so directed by the Company, each
Holder will deliver to the Company or destroy (at the Company’s expense) all copies, other than permanent file copies then in their possession, of the prospectus covering such Registrable Securities current at the time of receipt of such
notice. In the event the Company gives any such notice, any applicable period during which such registration statement must remain effective pursuant to this Agreement shall be extended by the number of days during the period from and including the
date of the giving of such notice pursuant to Section 2.4(f) to and including the date when all such sellers of Registrable Securities covered by such registration statement shall receive such a supplemented or amended prospectus and such
prospectus shall have been filed with the SEC. 
 (c) Each Holder agrees that, upon receipt of any notice from the Company of
the happening of any event of the kind described in Section 2.4(l)(iv), it will forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until the lifting of such
stop order, other order or suspension or the 

  
 14 

 
termination of such proceedings and, if so directed by the Company, each Holder will deliver to the Company or destroy (at the Company’s expense) all copies, other than permanent file copies
then in its possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice. In the event the Company gives any such notice, any applicable period during which such registration statement must remain
effective pursuant to this Agreement shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 2.4(l)(iv) to and including the date when such stop order, other order
or suspension is lifted or such proceedings are terminated. 
 (d)(i) Each Holder (x) hereby agrees, with respect to
the Registrable Securities owned by such Holder, to be bound by any and all restrictions on the sale, disposition, distribution, hedging or other transfer of any interest in Registrable Securities imposed on the applicable TNHC Stockholder, as
applicable, in connection with the IPO by the underwriters managing such offering for the duration of the term of such restriction (the period in which such sale, disposition, distribution, hedging or other transfer of any interest is restricted,
the “Lockup Period”) and (y) will, in connection with a Public Offering of the Company’s equity Securities (whether for the Company’s account or for the account of any Holder or Holders, or both), upon the request of
the Company or of the underwriters managing any underwritten offering of the Company’s Securities, agree in writing not to effect any sale, disposition, distribution, hedging or other transfer of Registrable Securities (other than those
included in the Public Offering) without the prior written consent of the managing underwriter for such period of time commencing seven (7) days before and ending one hundred eighty (180) days (or such earlier date as the managing
underwriter shall agree) after the effective date of such registration; provided that all directors and officers of the Company, holders of more than 5% of the Registrable Securities and all other Persons with registration rights with respect
to the Company’s Securities (whether or not pursuant to this Agreement) holding more than 5% of the Registrable Securities shall enter into agreements similar to those contained in this Section 2.4(d)(i) (without regard to this proviso);
and (ii) the Company and its Subsidiaries will, in connection with an underwritten Public Offering of the Company’s Securities in respect of which Registrable Securities are included, upon the request of the underwriters managing such
offering, agree in writing not to effect any sale, disposition or distribution of equity Securities of the Company (other than those included in such Public Offering, offered on Form S-8, issuable upon conversion of Securities or upon the exercise
of options, or the grant of options in the ordinary course of business pursuant to then-existing management equity plans or equity-based employee benefit plans, in each case outstanding on the date a request is made pursuant to Section 2.1(a)
or 2.3(a) or a notice is given by the Company pursuant to Section 2.2(a), as the case may be), without the prior written consent of the managing underwriter, for such period of time commencing seven (7) days before and ending one hundred
eighty (180) days (or such earlier date as the managing underwriter shall agree) after the effective date of such registration. 
 (e) With a view to making available the benefits of certain rules and regulations of the SEC which may at any time permit the sale of Securities of the Company to the public without registration after
such time as a public market exists for Registrable Securities, the Company agrees: 
 (1) to make and keep
public information available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times after the effective date of the first registration under the Securities Act filed by the Company for an offering of its
Securities to the public; 

  
 15 

 (2) to use its commercially reasonable efforts to then file with the SEC in
a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements); and 

(3) so long as a Holder owns any Registrable Securities, to furnish to such Holder promptly upon request: (A) a
written statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any time after ninety (90) days after the effective date of the first registration statement filed by the Company for an offering of its
Securities to the public), and of the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements); (B) a copy of the most recent annual or quarterly report of the Company; and (C) such other
reports and documents of the Company as such Holder may reasonably request in availing itself or himself of any rule or regulation of the SEC allowing such Holder to sell any such Securities without registration. 

(f) Counsel to represent holders of Registrable Securities shall be selected by the holders of at least a majority of the Registrable
Securities included in the relevant registration. 
 (g) Each of the parties hereto agrees that the registration rights provided
to the Holders herein are not intended to, and shall not be deemed to, override or limit any other restrictions on Transfer to which any such Holder may otherwise be subject. 
 ARTICLE III 
 INDEMNIFICATION 

SECTION 3.1 Indemnification by the Company. In the event of any registration of any Securities of the Company under the
Securities Act pursuant to Section 2.1, 2.2 or 2.3, the Company hereby indemnifies and agrees to hold harmless, to the fullest extent permitted by Law, each Holder who sells Registrable Securities covered by such registration statement, each
Affiliate of such Holder and their respective directors and officers or general and limited partners (and the directors, officers, employees, Affiliates and controlling Persons of any of the foregoing), each other Person who participates as an
underwriter in the offering or sale of such Securities and each other Person, if any, who controls such Holder or any such underwriter within the meaning of the Securities Act (collectively, the “Indemnified Parties”), against any
and all losses, claims, damages or liabilities, joint or several, and reasonable and documented expenses to which such Indemnified Party may become subject under the Securities Act, common law or otherwise, insofar as such losses, claims, damages or
liabilities (or actions or proceedings in respect thereof, whether or not such Indemnified Party is a party thereto) arise out of or are based upon: (a) any untrue statement or alleged untrue statement of any material fact contained in any
registration statement under which such Securities were registered under the Securities Act, any preliminary, final or summary prospectus contained therein, or any Free Writing Prospectus, or any amendment or supplement to any of the foregoing, or
any document 

  
 16 

 
incorporated by reference therein; or (b) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not
misleading, in the case of a prospectus, in the light of the circumstances when they were made, and the Company will reimburse such Indemnified Party for any legal or other expenses reasonably incurred by it in connection with investigating or
defending any such loss, claim, liability, action or proceeding; provided that the Company will not be liable to any Indemnified Party in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect
thereof) or expense arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in such registration statement, in any such preliminary, final or summary prospectus, or Free Writing Prospectus
or any amendment or supplement thereto in reliance upon and in conformity with written information with respect to such Indemnified Party furnished to the Company by such Indemnified Party expressly for use in the preparation thereof. Such indemnity
will remain in full force and effect regardless of any investigation made by or on behalf of such Holder or any Indemnified Party and will survive the Transfer of such Securities by such Holder or any termination of this Agreement. 

SECTION 3.2 Indemnification by the Holders. If Registrable Securities of a Holder are included in any registration statement
filed in accordance with Section 2.1, 2.2 or 2.3, such Holder does hereby agree, severally and not jointly, to indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 3.1) the Company, all other
Holders or any prospective underwriter, as the case may be, and any of their respective Affiliates, directors, officers and controlling Persons, with respect to any untrue statement in or omission from such registration statement, any preliminary,
final or summary prospectus contained therein, or any Free Writing Prospectus or any amendment or supplement to any of the foregoing, if such untrue statement or omission was made in reliance upon and in conformity with written information with
respect to such Holder furnished to the Company by such Holder expressly for use in the preparation of such registration statement, preliminary, final or summary prospectus or Free Writing Prospectus or amendment or supplement, or a document
incorporated by reference into any of the foregoing. Such indemnity will remain in full force and effect regardless of any investigation made by or on behalf of the Company or any of the Holders, or any of their respective Affiliates, directors,
officers or controlling Persons and will survive the Transfer of such Securities by such Holder. In no event shall the liability of any selling Holder of Registrable Securities hereunder be greater in amount than the dollar amount of the proceeds
actually received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation. 

SECTION 3.3 Notices of Claims, Etc. Promptly after receipt by an Indemnified Party hereunder of written notice of the
commencement of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Article III, such Indemnified Party will, if a claim in respect thereof is to be made against an indemnifying party, give
written notice to the latter of the commencement of such action; provided that the failure of the Indemnified Party to give notice as provided herein will not relieve the indemnifying party of its obligations under Section 3.1 or 3.2,
except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In case any such action is brought against an Indemnified Party, unless in such Indemnified Party’s reasonable judgment a conflict of
interest between such indemnified and indemnifying parties may exist in respect of such claim, the 

  
 17 

 
indemnifying party will be entitled to participate in and to assume the defense thereof, jointly with any other indemnifying party similarly notified to the extent that it may wish, with counsel
selected by the Holders of at least a majority of the Registrable Securities included in the relevant registration, and after notice from the indemnifying party to such Indemnified Party of its election so to assume the defense thereof, the
indemnifying party will not be liable to such Indemnified Party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof other than reasonable costs of investigation. If, in such Indemnified
Party’s reasonable judgment, having common counsel would result in a conflict of interest between the interests of such indemnified and indemnifying parties, then such Indemnified Party may employ separate counsel reasonably acceptable to the
indemnifying party to represent or defend such Indemnified Party in such action, it being understood, however, that the indemnifying party will not be liable for the reasonable fees and expenses of more than one separate firm of attorneys at any
time for all such Indemnified Parties (and not more than one separate firm of local counsel at any time for all such Indemnified Parties) in such action. No indemnifying party will consent to entry of any judgment or enter into any settlement which
does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect of such claim or litigation. 

SECTION 3.4 Contribution. If the indemnification provided for hereunder from the indemnifying party is unavailable to an
Indemnified Party hereunder in respect of any losses, claims, damages, liabilities or expenses referred to herein for reasons other than those described in the proviso in the first sentence of Section 3.1, then the indemnifying party, in lieu
of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative
fault of the indemnifying party and Indemnified Parties in connection with the actions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of such
indemnifying party and Indemnified Parties shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a
material fact, has been made by, or relates to information supplied by, such indemnifying party or Indemnified Parties, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. The
amount paid or payable by a party under this Section 3.4 as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such party in
connection with any investigation or proceeding. In no event shall the liability of any selling Holder of Registrable Securities hereunder be greater in amount than the dollar amount of the proceeds actually received by such Holder upon the sale of
the Registrable Securities giving rise to such contribution obligation. 
 The parties hereto agree that it would not be just
and equitable if contribution pursuant to this Section 3.4 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. 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.

  
 18 

 SECTION 3.5 Non-Exclusivity. The obligations of the parties under this
Article III will be in addition to any liability which any party may otherwise have to any other party. 
 ARTICLE IV

 OTHER 
 SECTION 4.1 Notices. Any notice, request, instruction or other document to be given hereunder by any party hereto to another party hereto shall be in writing, and shall be deemed given when
(a) delivered personally, (b) five (5) Business Days after being sent by certified or registered mail, postage prepaid, return receipt requested, (c) one (1) Business Day after being sent by Federal Express or other
nationally recognized overnight courier, or (d) if transmitted by facsimile, if confirmed within 24 hours thereafter by a signed original sent in the manner provided in clause (a), (b) or (c) to the parties at the following
addresses (or at such other address for a party as shall be specified by notice from such party): 
 if to the Company:

 The New Home Company Inc. 
 95 Enterprise, Suite 325 
 Aliso Viejo, California 92656 

Attention: 
 Fax:
(    )    - 
 if to any THNC Stockholder: 

c/o The New Home Company Inc. 
 95 Enterprise, Suite 325 
 Aliso Viejo, California 92656 

Attention: 
 Fax:
(    )    - 
 SECTION 4.2 Assignment. Neither the Company nor any Holder shall
assign all or any part of this Agreement without the prior written consent of the Company and the TNHC Stockholders; provided, however, that the TNHC Stockholders may assign in whole or in part to any of its Affiliates. Except as
otherwise provided herein, this Agreement will inure to the benefit of and be binding on the parties hereto and their respective successors and permitted assigns. 
 SECTION 4.3 Amendments; Waiver. This Agreement may be amended, supplemented or otherwise modified only by a written instrument executed by the Company and the Holders holding a majority of the
shares of Common Stock subject to this Agreement; provided that no such amendment, supplement or other modification shall adversely affect the economic interests of any Holder hereunder disproportionately to other Holders without the written
consent of such Holder. No waiver by any party of any of the provisions hereof will be effective unless explicitly set forth in writing and executed by the party so waiving. Except as provided in the preceding sentence, no action taken pursuant to
this Agreement, including without limitation, any investigation by or on behalf of any party, will be deemed to constitute a 

  
 19 

 
waiver by the party taking such action of compliance with any covenants or agreements contained herein. The waiver by any party hereto of a breach of any provision of this Agreement will not
operate or be construed as a waiver of any subsequent breach. 
 SECTION 4.4 Third Parties. This Agreement does not
create any rights, claims or benefits inuring to any person that is not a party hereto nor create or establish any third party beneficiary hereto. 
 SECTION 4.5 Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware. 

SECTION 4.6 Jurisdiction. The Delaware Court of Chancery and any state appellate court therefrom within the State of Delaware
(or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any state or federal court within the State of Delaware) shall have exclusive jurisdiction over the parties with respect to any dispute or controversy
between them arising under or in connection with this Agreement and, by execution and delivery of this Agreement, each of the parties to this Agreement submits to the exclusive jurisdiction of those courts, including but not limited to the
in personam and subject matter jurisdiction of those courts, waives any objections to such jurisdiction on the grounds of venue or forum non conveniens, the absence of in personam or subject matter jurisdiction and any
similar grounds, consents to service of process by mail (in accordance with the notice provisions of this Agreement) or any other manner permitted by Law, and irrevocably agrees to be bound by any judgment rendered thereby in connection with this
Agreement. 
 SECTION 4.7 MUTUAL WAIVER OF JURY TRIAL. THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY
ACTION, SUIT OR PROCEEDING BROUGHT TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER THIS AGREEMENT. 
 SECTION 4.8
Specific Performance. Each of the parties hereto acknowledges and agrees that in the event of any breach of this Agreement by any of them, the non-breaching party would be irreparably harmed and could not be made whole by monetary damages.
Each party accordingly agrees to waive the defense in any action for specific performance that a remedy at law would be adequate and that the parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be
entitled to compel specific performance of this Agreement. 
 SECTION 4.9 Entire Agreement. This Agreement sets
forth the entire understanding of the parties hereto with respect to the subject matter hereof. There are no agreements, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those expressly set
forth herein. This Agreement supersedes all other prior agreements and understandings between the parties with respect to such subject matter. 
 SECTION 4.10 Severability. If one or more of the provisions, paragraphs, words, clauses, phrases or sentences contained herein, or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision, paragraph, word, clause, phrase or sentence in every other respect and of the remaining provisions, paragraphs, words,
clauses, phrases or sentences hereof shall not be in any way impaired, it being intended that all rights, powers and privileges of the parties hereto shall be enforceable to the fullest extent permitted by Law. 

  
 20 

 SECTION 4.11 Counterparts. This Agreement may be executed in any number of
counterparts, each of which will be deemed to be an original and all of which together will be deemed to be one and the same instrument. 
 SECTION 4.12 Effectiveness. This Agreement shall become effective, as to any Holder, as of the date signed by the Company and countersigned by such Holder. 

  
 21 

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

			
	TNHC PARTNERS LLC,
	a Delaware limited liability company:
		
	By:	 	  

		 	H. LAWRENCE WEBB, Manager
		
	By:	 	  

		 	WAYNE J. STELMAR, Manager
		
	By:	 	  

		 	JOSEPH D. DAVIS, Manager
		
	By:	 	  

		 	THOMAS REDWITZ, Manager

  

			
	IHP CAPITAL PARTNERS VI, LLC,
	a Delaware limited Liability company
		
	By:	 	Institutional Housing Partners VI, L.P.,
		 	a California limited partnership
		 	Its Manager

  

							
		 	By:	 	IHP Capital Partners,
		 		 	a California corporation
		 		 	Its General Partner
				
		 		 	By:	 	  

		 		 		 	Print name:
		 		 		 	Print Title:
				
		 		 	By:	 	  

		 		 		 	Print name:
		 		 		 	Print Title:

 [signatures continued from previous page] 

 

					
	WATT/TNHC LLC,
	a California limited liability company:
			
		 	By:	 	  

		 		 	Print name:
		 		 	Print Title:
			
		 	By:	 	  

		 		 	Print name:
		 		 	Print Title:

  

			
	TCN/TNHC LP,
	a Delaware limited partnership
		
	By:	 	TCN/TNHC GP LLC,
		 	a Delaware limited liability company
		 	Its General Partner

  

					
		 	By:	 	  

		 		 	Print name:
		 		 	Print Title:

  

			
	THE NEW HOME COMPANY INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 2EX-10.3

 Exhibit 10.3 
 INVESTOR RIGHTS AGREEMENT (the “Agreement”), dated as of                     , 2013,
among The New Home Company Inc., a Delaware corporation (the “Company”), TNHC PARTNERS LLC, a Delaware limited liability company (“TNHC Partners”), IHP CAPITAL PARTNERS VI, LLC, a Delaware limited liability company
(“IHP”), WATT/TNHC LLC, a California limited liability company (“Watt”), TCN/TNHC LP, a Delaware limited partnership (“Tricon;” each of IHP, Watt and Tricon a “External Member” and
collectively, the “External Members”), H. Lawrence Webb, Wayne J. Stelmar, Joseph D. Davis and Thomas Redwitz (each of Messrs. Webb, Stelmar, Davis and Redwitz a “Holder” and collectively, the
“Holders”). 
 WHEREAS, in connection with the IPO (as defined herein), the Company intends to consummate the
transactions described in the Registration Statement on Form S-1 (Registration No. 333-             ), as amended (the “IPO Registration Statement”); 

WHEREAS, as an inducement to the External Members to take such actions as may be necessary or appropriate to cause the IPO to be
consummated, the Company, TNHC Partners, the Holders and the External Members hereby agree that this Agreement shall govern the rights of each External Member to nominate one director nominee selected by such External Member on the terms set forth
herein; 
 WHEREAS, as a further inducement to the External Members to take such actions as may be necessary or appropriate to
cause the IPO to be consummated, TNHC Partners and the Holders hereby agree that this Agreement shall govern their respective obligation to vote their Voting Securities (as defined herein) in favor of the election of the nominees designated by the
External Members; 
 WHEREAS, the External Members hereby agree that this agreement shall govern their respective obligation to
vote their Voting Securities in favor of the election of H. Lawrence Webb, any other Holder who is a director nominee and Michael Berchtold in any election in which Messrs. Webb or Berchtold is a director nominee; and 

WHEREAS, the Company, TNHC Partners, the Holders and the External Members desire to address herein certain relationships between
themselves with respect to the composition of the Board (as defined herein). 
 NOW, THEREFORE, in consideration of the mutual
covenants and undertakings contained herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 
 DEFINITIONS 
 SECTION 1.1 Definitions. As used in this
Agreement, the following terms shall have the following meanings: 
 “Agreement” has the meaning set forth in
the recitals to this Agreement. 

 “Beneficial Owner” of a security is a Person who directly or indirectly,
through any contract, arrangement, understanding, relationship or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of, such security and/or (ii) investment power, which includes the power
to dispose, or to direct the disposition of, such security. The terms “Beneficially Own” and “Beneficial Ownership” shall have correlative meanings. 

“Board” means the Board of Directors of the Company. 

“Company” has the meaning set forth in the preamble to this Agreement. 

“Common Stock” means the common stock, par value $0.01 per share, of the Company and any equity securities issued or
issuable in exchange for or with respect to such Common Stock by way of a dividend, split or combination of shares of stock or in connection with a reclassification, recapitalization, merger, consolidation or other reorganization. 

“Holder” has the meaning set forth in the preamble to this Agreement. 

“IPO” means the initial public offering of Common Stock, as described in the IPO Registration Statement. 

“IPO Registration Statement” has the meaning set forth in the recitals to this Agreement. 

“Permitted Transferee” shall mean, with respect to each External Member and its Permitted Transferees, a corporation,
limited liability company or partnership, of which all of the outstanding shares of capital stock or interests therein are owned directly or indirectly by such External Member; provided, however, that any subsequent transfer of any portion of
the Beneficial Ownership of the entity such that it is Beneficially Owned in any part by a Person other than such External Member will not be deemed to be a transfer to a Permitted Transferee. 

“Person” means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust,
business association, organization, any court, administrative agency, regulatory body, commission or other governmental authority, board, bureau or instrumentality, domestic or foreign and any subdivision thereof or other entity. 

“Total Voting Power of the Company” means the total number of votes that may be cast in the election of directors of the
Company if all Voting Securities outstanding were present and voted at a meeting held for such purpose. For the avoidance of doubt, the Voting Securities Beneficially Owned by any Person that are not outstanding and are subject to issuance upon
exercise or exchange of rights of conversion or any options, warrants or other rights Beneficially Owned by such Person shall not be deemed to be outstanding for this purpose. 
 “Voting Securities” means the Common Stock and any other securities of the Company entitled to vote generally in the election of directors of the Company. For the avoidance of doubt, the
Voting Securities Beneficially Owned by any Person that are not outstanding and are subject to issuance upon exercise or exchange of rights of conversion or any options, warrants or other rights Beneficially Owned by such Person shall not be deemed
to be outstanding for purposes of this Agreement. 

  
 2 

 SECTION 1.2 Gender. For the purposes of this Agreement, the words
“he,” “his” or “himself” shall be interpreted to include the masculine, feminine and corporate, other entity or trust form. 
 ARTICLE II 
 THE EXTERNAL MEMBERS’ BOARD REPRESENTATION

 SECTION 2.1 Nominees. 
 (a) Unless this Agreement is earlier terminated pursuant to Section 4.1(ii) with respect to any such External Member, so long as any External Member Beneficially Owns Voting Securities representing
4% or more of the Total Voting Power of the Company, the Board shall nominate one individual designated by such External Member such that such External Member may have one designee on the Board. 

(b) Unless this Agreement is earlier terminated pursuant to Section 4.1(ii) with respect to any such External Member, in the event
that any designee of any External Member under this Section 2.1 shall for any reason cease to serve as a member of the Board during his or her term of office, the resulting vacancy on the Board shall be filled by an individual designated by
such External Member. 
 ARTICLE III 
 AGREEMENT TO VOTE 
 SECTION 3.1 Agreement to Vote Voting
Securities. Commencing on the date of this Agreement and unless this Agreement is earlier terminated pursuant to Section 4.1(ii) with respect to any such External Member, at every meeting of the stockholders of the Company called with
respect to the election of nominees to the Board, and on every action or approval by written consent of the stockholders of the Company or in any other circumstance in which the vote, consent or approval of the stockholders of the Company is sought
with respect to the election of nominees to the Board, each Holder and TNHC Partners, in their respective capacity as a Beneficial Owner of Voting Securities, shall appear at the meeting or otherwise cause Voting Securities that they Beneficially
Own (including any Voting Securities acquired after the date hereof) to be counted as present thereat for purposes of establishing a quorum and agrees to vote (or cause to be voted) any and all of such Voting Securities or give consent with respect
thereto, or cause consent to be given with respect thereto, in favor of the election to the Board the nominee designated by any External Member in accordance with Section 2.1 hereof; and each External Member in its capacity as a Beneficial
Owner of Voting Securities, shall appear at the meeting or otherwise cause Voting Securities that it Beneficially Owns (including any Voting Securities acquired after the date hereof) to be counted as present thereat for purposes of establishing a
quorum and agrees to vote (or cause to be voted) any and all of such Voting Securities or give consent with respect thereto, or cause consent to be given with respect thereto, in favor of the election to the Board H. Lawrence Webb, any other Holder
who is a director nominee and Michael Berchtold. Each party to this Agreement hereof agrees that such party will not (A) grant any proxy, power-of-attorney or other authorization, in or with respect to any Voting Securities, or take any other
action that would in any way restrict, limit or interfere with 

  
 3 

 
the performance of such party’s obligations hereunder, or (B) directly or indirectly, solicit, initiate, seek, encourage or support or take any other action the effect of which would be
inconsistent with or violative of any provision contained in this Section 3.1. The parties may vote the Voting Securities on all other matters. This agreement shall not, and shall not be construed to, restrict the ability of any party to sell
or dispose of any Voting Securities, in the open market or otherwise. 
 SECTION 3.2 Stockholder Capacity. Each
Holder is entering into this Agreement in his capacity as the record and Beneficial Owner of his respective Voting Securities. Notwithstanding any other provision of this Agreement, including without limitation Section 3.1, to the extent a
Holder serves as an officer or director of the Company, nothing contained herein shall limit his ability to exercise his ordinary and customary duties as an officer or director of the Company, including, without limitation, the exercise of his
fiduciary obligations to the Company and its stockholders. 
 ARTICLE IV 

TERMINATION 
 SECTION 4.1 Term. This Agreement shall automatically terminate (i) with respect to all parties upon the date on which each External Member, together with its Permitted Transferees,
cease to hold shares of stock representing not less than 4% of the Total Voting Power of the Company based on the aggregate amount of stock issued and outstanding immediately after the consummation of the IPO and (ii) with respect to any
External Member upon the date on which such External Member, together with its Permitted Transferees, cease to hold shares of stock representing not less than 4% of the Total Voting Power of the Company based on the aggregate amount of stock issued
and outstanding immediately after the consummation of the IPO. 
 SECTION 4.2 Survival. If this Agreement is
terminated (i) pursuant to Section 4.1(i), this Agreement shall become void and of no further force and effect and (ii) pursuant to Section 4.1(ii) with respect to any External Member, this Agreement shall become void and of no
further force and effect only with respect to such External Member. 
 SECTION 4.3 Resignation; Withdrawal.
Promptly after the date on which any External Member, together with its Permitted Transferees, cease to hold shares of stock representing not less than 4% of the Total Voting Power of the Company based on the aggregate amount of stock issued and
outstanding immediately after the consummation of the IPO, such External Member shall cause its Board designee to, and such Board designee shall, resign from the Board or withdraw such designee’s nomination to serve on the Board, as applicable,
in each case, with immediate effect and shall no longer be considered a Director. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 
 SECTION 5.1 Representations and Warranties of the External Members. Each External Member represents and warrants to the Company and the Holders, severally and not

  
 4 

 
jointly, that (a) such External Member is duly authorized to execute, deliver and perform this Agreement; (b) this Agreement has been duly executed by such External Member or its
attorney-in-fact on its behalf and is a valid and binding agreement of such External Member, enforceable against such External Member in accordance with its terms; and (c) the execution, delivery and performance by such External Member of this
Agreement does not violate or conflict with or result in a breach of or constitute (or with notice or lapse of time or both would constitute) a default under any agreement to which such External Member is a party or the organizational documents of
such External Member. 
 SECTION 5.2 Representations and Warranties of the Company. The Company represents and
warrants to the External Members and the Holders that (a) the Company is duly authorized to execute, deliver and perform this Agreement; (b) this Agreement has been duly authorized, executed and delivered by the Company and is a valid and
binding agreement of the Company, enforceable against the Company in accordance with its terms; and (c) the execution, delivery and performance by the Company of this Agreement does not violate or conflict with or result in a breach by the
Company of or constitute (or with notice or lapse of time or both would constitute) a default by the Company under its certificate of incorporation, any existing applicable law of any court, administrative agency, regulatory body, commission or
other governmental authority, board, bureau or instrumentality, domestic or foreign and any subdivision thereof, exercising any statutory or regulatory authority of any of the foregoing, domestic or foreign, having jurisdiction over the Company, or
any agreement or instrument by which the Company or any of its assets may be bound. 
 SECTION 5.3 Each Holder represents
and warrants to the Company and the External Members that (a) he is legally competent to execute this Agreement; (b) this Agreement has been duly executed by such Holder or his attorney-in-fact on behalf of such Holder and is a valid and
binding agreement of such Holder, enforceable against such Holder in accordance with its terms; and (c) the execution, delivery and performance by such Holder of this Agreement does not violate or conflict with or result in a breach of or
constitute (or with notice or lapse of time or both would constitute) a default under any agreement to which such Holder is a party. 
 ARTICLE VI 
 MISCELLANEOUS 

SECTION 6.1 Notices. All notices, requests, consents and other communications hereunder to any party shall be deemed to be
sufficient if contained in a written instrument delivered in person or sent by facsimile (provided a copy is thereafter promptly delivered as provided in this Section 6.1) or nationally recognized overnight courier, addressed to such party at
the address or facsimile number set forth below or such other address or facsimile number as may hereafter be designated in writing by such party to the other parties: 
 (a) if to the Company, to: 
 The New Home Company Inc. 

95 Enterprise, Suite 325 
 Aliso Viejo, California 92656 

  
 5 

 (Telephone) (    ) - 

(Facsimile) (    ) - 
 Attention: 
 with a copy to: 

Sidley Austin LLP 
 787 Seventh Avenue 
 New York, New York 10019 

(Telephone) (212) 839-5374 
 (Facsimile) (212) 839-5599 
 Attention: J. Gerard Cummins, Esq. 

(b) if to the External Members, to: 
 [c/o The New Home Company Inc. 
 95 Enterprise, Suite 325 

Aliso Viejo, California 92656 
 (Telephone) (    ) - 
 (Fascimile) (    )
- 
 Attention: External Member] 
 (c) if to any Holder, to: 
 c/o The New Home Company Inc. 

95 Enterprise, Suite 325 
 Aliso Viejo, California 92656 
 (Telephone) (    ) -

 (Fascimile) (    ) - 
 Attention: Holder 
 with a copy to: 

Sidley Austin LLP 
 787 Seventh Avenue 
 New York, New York 10019 

(Telephone) (212) 839-5374 
 (Facsimile) (212) 839-5599 
 Attention: J. Gerard Cummins, Esq. 

SECTION 6.2 Interpretation. The headings contained in this Agreement are for reference purposes only and shall not affect
in any way the meaning or interpretation of this Agreement. Whenever the words “included”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation”. 
 SECTION 6.3 Severability. The provisions of this Agreement shall be deemed severable and the
invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the 

  
 6 

 
application thereof to any person or entity or any circumstance, is found to be invalid or unenforceable in any jurisdiction, (a) a suitable and equitable provision shall be substituted
therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such provision to other Persons or
circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction. 

SECTION 6.4 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original and all of which shall, taken together, be considered one and the same agreement, it being understood that all parties need not sign the same counterpart. 
 SECTION 6.5 Adjustments Upon Change of Capitalization. In the event of any change in the outstanding Common Stock by reason of dividends, splits, reverse splits, spin-offs, split-ups,
recapitalizations, combinations, exchanges of shares of stock and the like, the term “Common Stock” shall refer to and include the securities received or resulting therefrom, but only to the extent such securities are received in exchange
for or in respect of Common Stock. 
 SECTION 6.6 Entire Agreement; No Third Party Beneficiaries. This Agreement
(a) constitutes the entire agreement and supersedes all other prior agreements, both written and oral, among the parties with respect to the subject matter hereof and (b) is not intended to confer upon any Person, other than the parties
hereto, any rights or remedies hereunder. 
 SECTION 6.7 Further Assurances. Each party shall execute, deliver,
acknowledge and file such other documents and take such further actions as may be reasonably requested from time to time by the other party hereto to give effect to and carry out the transactions contemplated herein. 

SECTION 6.8 Governing Law; Equitable Remedies. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF DELAWARE (WITHOUT GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES THEREOF). The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance
with its specific terms or was otherwise breached. It is accordingly agreed that the parties hereto shall be entitled to an injunction or injunctions and other equitable remedies to prevent breaches of this Agreement and to enforce specifically the
terms and provisions hereof in any of the Selected Courts (as defined below), this being in addition to any other remedy to which they are entitled at law or in equity. Any requirements for the securing or posting of any bond with respect to such
remedy are hereby waived by each of the parties hereto. Each party further agrees that, in the event of any action for an injunction or other equitable remedy in respect of such breach or enforcement of specific performance, it will not assert the
defense that a remedy at law would be adequate. 
 SECTION 6.9 Consent To Jurisdiction. With respect to any suit,
action or proceeding (“Proceeding”) arising out of or relating to this Agreement or any transaction contemplated hereby each of the parties hereto hereby irrevocably (i) submits to the exclusive

  
 7 

 
jurisdiction of the United States District Court for the Southern District of New York or the Court of Chancery located in the State of Delaware, County of Newcastle (the “Selected
Courts”) and waives any objection to venue being laid in the Selected Courts whether based on the grounds of forum non conveniens or otherwise and hereby agrees not to commence any such Proceeding other than before one of the Selected
Courts; provided, however, that a party may commence any Proceeding in a court other than a Selected Court solely for the purpose of enforcing an order or judgment issued by one of the Selected Courts; (ii) consents to service of process
in any Proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, or by recognized international express carrier or delivery service, to the Company, any External Member or any Holder at their respective addresses
referred to in Section 6.1 hereof; provided, however, that nothing herein shall affect the right of any party hereto to serve process in any other manner permitted by law; and (iii) TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW
THAT CANNOT BE WAIVED, WAIVES, AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE
CONTEMPLATED TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AND AGREES THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND
BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE ITS RIGHT TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS WILL INSTEAD BE TRIED IN A COURT OF COMPETENT
JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. 
 SECTION 6.10 Amendments; Waivers. 

(a) No provision of this Agreement may be amended or waived unless such amendment or waiver is in writing and signed, in the case of an
amendment, by the parties hereto, or in the case of a waiver, by the party against whom the waiver is to be effective. 
 (b) No
failure or delay by any party in exercising any right, power or privilege hereunder shall operate as waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right,
power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 
 SECTION 6.11 Assignment. Neither this Agreement nor any of the rights or obligations hereunder shall be assigned by any of the parties hereto without the prior written consent of the other
parties. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns. 

  
 8 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and
delivered, all as of the date first set forth above. 
  

			
	  

	H. Lawrence Webb
	
	  

	Wayne J. Stelmar
	
	  

	Joseph D. Davis
	
	  

	Thomas Redwitz
	
	THE NEW HOME COMPANY INC.
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	TNHC PARTNERS LLC,
	a Delaware limited liability company
		
	By:	 	  

		 	H. LAWRENCE WEBB, Manager
		
	By:	 	  

		 	WAYNE J. STELMAR, Manager
		
	By:	 	  

		 	JOSEPH D. DAVIS, Manager
		
	By:	 	  

		 	THOMAS REDWITZ, Manager

 

			
	 IHP CAPITAL PARTNERS VI, LLC,
 a Delaware limited liability company

		
	By:	 	 Institutional Housing Partners VI, L.P.,
 a California limited partnership
 Its
Manager

  

					
		 	By:	 	 IHP Capital Partners
 a
California corporation
 Its General Partner

 
							
				
		 		 	By:	 	  

		 		 		 	Print name:
		 		 		 	Print title:
				
		 		 	By:	 	  

		 		 		 	Print name:
		 		 		 	Print title:

  
 10 

 
			
	WATT/TNHC LLC,
	 a California limited liability company

		
	By:	 	  

		 	Print name: 
		 	Print title: 
		
	By:	 	  

		 	Print name:
		 	Print title:
	
	 TCN/TNHC LP,

a Delaware limited partnership

		
	By:	 	TCN/TNHC GP LLC
		 	a Delaware limited liability company
		 	Its General Partner

 

					
		 	By:	 	  

		 		 	Print name:
		 		 	Print title:

  
 11

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