Document:

Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 Parties 

The parties to this Agreement, made as of the 22nd day of December 2010, are K-Swiss Inc., a Delaware corporation (the “Company” or “K-Swiss”), and
Steven B. Nichols (the “Executive”). 
 Recitals 

WHEREAS, the Executive possesses an intimate knowledge of the footwear business and the business and affairs of the Company, its
policies, methods, personnel and operations. 
 WHEREAS, K-Swiss and the Executive are parties to an Employment Agreement made
as of August 2, 2004, (the “2004 Agreement”), which expires December 31, 2010 and whereas the Board of Directors of K-Swiss desires to assure K-Swiss of the Executive’s continued employment in an executive capacity and to
compensate him therefor. 
 WHEREAS, the Executive is willing to commit himself to serve K-Swiss on the terms herein provided.

 Therefore, in consideration of the foregoing and of the respective covenants and agreements of the parties herein contained,
the parties hereto agree as follows: 
 Agreement 
 1. Employment. 
 (a) The Company hereby agrees to continue to employ
the Executive, and the Executive hereby agrees to serve the Company, all on the terms and conditions set forth herein. 
 (b)
The employment of the Executive by the Company pursuant to this Agreement shall be for the period commencing on January 1, 2011 (the “Commencement Date”) and expiring on the date set forth in Section B of Appendix I hereto
(the “Expiration Date”), unless such employment shall have been sooner terminated as hereinafter set forth. 

 2. Position and Duties. 

The Executive shall serve in the capacity or capacities set forth in Section A of Appendix I hereto, shall be accountable to,
and shall also have such other powers, duties and responsibilities as may from time to time be prescribed by, the Board of Directors, provided that such other duties and responsibilities are consistent with the Executive’s position. 

The Executive shall perform and discharge, faithfully, diligently and to the best of his ability, such duties and responsibilities. The
Executive shall devote substantially all his working time and efforts to the business and affairs of the Company. 
 3. Compensation.

 (a) Salary. During each year of his employment hereunder from and after the Commencement Date, the Executive shall
receive an annual base salary equal to $961,299 (the “2011 Base Salary”); provided that with respect to each year commencing on January 1, 2012 and thereafter, the base salary in effect for such year shall equal the base salary in
effect for the immediately preceding year multiplied by a factor equal to the sum of: (x) 100%, plus (y) the percentage increase, if any, in the Consumer Price Index for All Urban Consumers - Los Angeles-Riverside-Orange County,
California Area - All Items (the “CPI”) during the period of time from January 1 to December 31 of the year immediately preceding the year for which such adjustment is being computed. All amounts payable pursuant to this
Section 3(a) at the then applicable rate shall hereinafter be referred to as “Salary.” Salary shall be payable in substantially equal monthly installments, less any amount required to be withheld under applicable law. Except as
otherwise provided in this Agreement, the Salary shall be pro-rated for any period of service less than a full year. 
 (b)
EVA Bonus Awards. The Executive shall be entitled to receive as further compensation, in addition to the Salary payable pursuant to Section 3(a), amounts, if any, payable to Executive pursuant to the K-Swiss Inc. EVA Bonus Plan, as it
may be amended from time to time by the K-Swiss Inc. Board of Directors or any successor cash-based incentive compensation plan (“Bonus Awards”). Each year during the term of this Agreement, the Compensation and Stock Option Committee of
the Board of Directors (or a similar Board committee) (the “Committee”) shall establish in writing, not later than 90 days after the commencement of the period of service to which such performance goal relates, objective performance goals
for Executive. The Bonus Target Percentage which 

  
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shall apply to Executive each year during the term of this Agreement pursuant to the EVA Bonus Plan shall be 60% of Executive’s Salary. 

(c) Stock Options. Promptly following the date Company releases its results for the fiscal year ending December 31, 2010, the
Company shall, subject to approval by the Committee, grant to the Executive an option to purchase a number of shares of the Company’s Class A Common Stock as determined by the Committee. The option shall have an exercise price equal to the
closing price of the Company’s Class A Common Stock on date of grant on the Nasdaq, which shall be deemed to equal the fair market value of the Corporation’s Class A Common Stock on the date of grant. The options so granted shall
vest 33%, 33% and 34% on the third, fourth and fifth anniversaries, respectively, of January 1, 2011. Such options shall be subject to the Company’s Non-Qualified Stock Option Agreement in use on the date of grant. 

(d) Expenses. During the term of his employment hereunder, the Executive shall be entitled to receive prompt reimbursement for all
reasonable business expenses incurred by him on behalf of the Company (in accordance with the policies and procedures established by the Board of Directors from time to time for the Company’s senior executive officers) in performing services
hereunder, provided that the Executive properly accounts therefor in accordance with requirements for federal income tax deductibility and the Company’s policies and procedures. 

(e) Fringe Benefits. During the term of his employment hereunder, the Executive shall be entitled to participate in or receive
benefits under any life insurance, health, retirement and accident plans or arrangements made generally available by the Company to its executives and key management employees, subject to and on a basis consistent with the terms, conditions and
overall administration of such plans and arrangements. Notwithstanding anything else in this Agreement to the contrary the Executive shall receive the following benefits, which shall be in lieu of any similar benefits which may be received by the
other executives of the Company: 
 (i) Term Life Insurance. During the term of this Agreement, the
Company will either: (a) purchase and maintain term life insurance in the policy amount of $1,500,000 (with the proceeds thereof payable to the estate of the Executive or to such other beneficiary or beneficiaries as the Executive may designate
in writing), provided that the Executive satisfies any requirements, such as an annual physical examination, that may be required as a condition of obtaining such insurance, or (b) at the Executive’s

  
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election, pay to the Executive an amount of cash sufficient for the purchase and maintenance of term life insurance as described in subdivision (a) above. In addition, to the extent that,
but for subdivision (b) of the immediately preceding sentence, any portion of the cost of the insurance described in subdivision (a) of said sentence would be excluded from the Executive’s gross income for federal and/or state income
tax purposes, the Company will pay to the Executive an additional amount of cash compensation sufficient to place the Executive in the same after-tax economic position as that in which the Executive would be if subdivision (b) were not a part
of said sentence. 
 (ii) Disability. The Company will purchase disability insurance (with the proceeds
thereof payable to the Executive) covering the Executive if the Executive is permanently disabled as a result of any illness, injury or accident, physical or mental, and is unable to perform satisfactorily his duties hereunder on a full time basis
for six consecutive months, that will provide for coverage in an amount mutually satisfactory to the parties hereto. 
 (iii) Travel Insurance. The Company will purchase travel insurance (with the proceeds thereof payable to the Executive) covering Executive while on Company business in the amount of $1,000,000.

 (iv) Automobile. The Company shall provide the Executive with the use of a top-of-the-line automobile
as selected by the Executive, and the Company shall pay all taxes, insurance, repairs and operating expenses in connection therewith. 
 (v) Health. The Company will purchase health insurance covering Executive and his family with coverage substantially equivalent to the health insurance coverage currently provided to the Executive.

 (f) Vacations. During the term of his employment hereunder, the Executive shall be entitled to the number of paid
vacation days in each calendar year determined by the Board of Directors from time to time for the Company’s senior executive officers, but not less than six weeks in any fiscal year, and shall also be entitled to all paid holidays given by the
Company to its employees. 
 4. Offices 
 The Executive agrees to serve without additional compensation, if elected or appointed thereto, in one or more offices and as a director of K-Swiss or of any

  
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subsidiary of K-Swiss; provided, however, that the Executive shall not be required to serve as an officer or director of any such subsidiary if such service would expose him to
adverse physical hazards or adverse financial consequences. 
 5. Unauthorized Disclosure; Inventions. 

(a) Unauthorized Disclosure. The Executive shall not, without the written consent of the Board of Directors or a person duly
authorized thereby, disclose to any person, other than an employee or professional adviser of the Company or other person to whom disclosure is in the reasonable judgment of the Executive necessary or appropriate in connection with the performance
by the Executive of his duties as an executive officer of the Company, any information obtained by him while in the employ of the Company the disclosure of which he knows or, in the exercise of reasonable care, should know may be damaging to the
Company; provided, however, that such information shall not include any information known generally to the public (other than as a result of unauthorized disclosure by the Executive); and provided, further, that the
Executive’s duties under this subsection (a) shall not extend to any disclosures that may be required by law in connection with any judicial or administrative proceeding or inquiry, as may be required by federal and/or state securities
law, or as may otherwise be required by the rules of any exchange or association which lists the Company’s securities. 

(b) Proprietary Rights. Any and all inventions, discoveries, developments, methods, processes, compositions, works, concepts and
ideas (whether or not patentable or copyrightable) conceived, made, developed, created or reduced to practice by the Executive (whether at the request or suggestion of the Company or otherwise, whether alone or in conjunction with others, and
whether during regular hours of work or otherwise) during the period of his employment by the Company and for three months thereafter, which may be directly or indirectly useful in, or relate to, the business of or products manufactured or sold by
the Company or any of its subsidiaries of affiliates or any business or products contemplated by the Company while the Executive is employed by the Company, shall be promptly and fully disclosed by the Executive to an appropriate executive officer
of the Company and shall be the Company’s exclusive property as against the Executive, and the Executive shall promptly deliver to an appropriate executive officer of the Company all papers, drawings, models, data and other material relating to
any of the foregoing proprietary rights, conceived, made, developed or created by him as aforesaid. 

  
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 The Executive shall, upon the Company’s request and without any payment therefor
(except for Company Policy Awards), execute any documents necessary or advisable in the opinion of the Company’s counsel to assign his right, title and interest in the foregoing proprietary rights and to direct issuance of patents or copyrights
to the Company with respect to such proprietary rights as are to be the Company’s exclusive property as against the Executive under this subsection (b) or to vest in the Company title to such proprietary rights as against the Executive,
the expense of securing any such patent or copyright, however, to be borne by the Company. 
 6. Non-Competition. 

The Executive agrees that for a period of twelve (12) months following the Date of Termination, unless the Date of Termination is the
Expiration Date, he will not directly or indirectly own, manage, operate, control or participate in the ownership, management, operation or control of, or be connected as an officer, employee, partner, director or otherwise with, or have any
financial interest in, or aid or assist anyone else in the conduct of, or solicit any employees of the Company on behalf of, any entity or business which competes directly with any business conducted by the Company or by any group, division or
subsidiary of the Company, in any area where such business is being conducted or is proposed to be conducted at the Date of Termination; provided, however, that this provision shall not apply if Executive or the Company terminates his
employment on the Expiration Date. It is understood and agreed that, for the purposes of the foregoing provisions of this Section 6, (i) no business shall be deemed to be a business conducted by the Company or any group, division or
subsidiary of the Company, unless not less than five percent (5%) of the Company’s consolidated gross sales or operating revenues is derived from, or not less than five percent (5%) of the Company’s consolidated assets are
devoted to, such business; and (ii) no business conducted by any entity by which the Executive is employed or in which he is interested or with which he is connected or associated shall be deemed competitive with any business conducted by the
Company unless it is one from which five percent (5%) or more of its consolidated gross sales or operating revenues is derived, or to which five percent (5%) or more of its consolidated assets are devoted; provided, however,
that if the actual gross sales or operating revenues or assets of such entity derived from or devoted to such business is equal to or in excess of 10% of the most nearly comparable figure for the Company, such business of such entity shall be deemed
to be competitive with a business of the Company. Furthermore, ownership of not to exceed five percent (5%) of the voting stock of any publicly held corporation shall not constitute a violation of this

  
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Section 6, and ownership of a partial equity interest in Nichols Foot Form also shall not constitute a violation of this Section 6. 

7. Termination. 

(a) Death. The Executive’s employment hereunder shall terminate upon his death. 

(b) Incapacity. If in the reasonable judgment of the Board of Directors, as a result of the Executive’s incapacity due to
physical or mental illness or otherwise, the Executive shall for six consecutive months during the term of this Agreement have been unable to perform satisfactorily all of his duties hereunder on a full-time basis, the Company may, by a unanimous
vote of the members of the Board of Directors (other than the Executive), terminate the Executive’s employment hereunder by notice to the Executive. 
 (c) Termination by the Executive. The Executive may terminate his employment hereunder upon thirty days’ prior written notice to the Company for Good Reason. For purposes of this Agreement,
“Good Reason” shall mean (A) any removal of the Executive from the position indicated in Section A of Appendix I hereof, except in connection with termination of the Executive’s employment for Cause, or (B) a reduction in
the Executive’s Salary or any other willful action by the Company that is materially inconsistent with the terms of this Agreement. 
 (d) Cause. The Company may, by a unanimous vote of the members of the Board of Directors other than the Executive, terminate the Executive’s employment hereunder for Cause. The Company shall
give the Executive ten (10) days notice of a Board of Directors meeting at which termination for Cause will be considered, and the Executive shall have the opportunity to be heard at such meeting. If appropriate, the Board of Directors shall
give the Executive a reasonable period of time in which to cure any deficiencies under this Section 7(d). For the purposes of this Agreement, the Company shall have “Cause” to terminate the Executive’s employment hereunder upon
the Executive’s (A) material failure, refusal or gross neglect to perform and discharge his duties and responsibilities hereunder, or willful action that is materially inconsistent with the terms hereof, or material breach of his fiduciary
duties as an officer or member of the Board of Directors of the Company or any subsidiary or affiliate, or (B) gross and willful misconduct that is materially injurious to the Company, or (C) conviction of a felony involving the personal
dishonesty of the Executive (unless such conviction is reversed in any final appeal thereof). 

  
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 (e) Date of Termination; Term of Employment. The term “Date of Termination”
shall mean the earlier of (i) the Expiration Date or (ii) if the Executive’s employment is terminated (A) by his death, the date of his death, or (B) for any other reason, the date on which such termination is to be
effective pursuant to the notice of termination given by the party terminating the employment relationship. For all purposes of this Agreement, references to the “term” of the Executive’s employment hereunder shall mean the period
commencing on the Commencement Date and ending on the Date of Termination. 
 8. Compensation Upon Termination. 

(a) Death. Notwithstanding any other provision of this Agreement, if the Executive’s employment shall be terminated by reason
of his death, the Company shall pay to such person as the Executive shall have designated in a notice filed with the Company, or, if no such person shall have been designated, to his estate, (i) in substantially equal monthly installments, for
a period of one year from the date of his death, his full Salary, and (ii) an Bonus Award for the year during which the Executive died, and, if his death occurs after June 30 in any year prior to 2010, an Bonus Award for the year
immediately following the year in which the Executive’s death occurred. This amount shall be exclusive of and in addition to any payments the Executive’s widow, beneficiaries or estate may be entitled to receive pursuant to any employee
benefit plan or life insurance policy maintained by the Company for the benefit of the Executive. 
 (b) Incapacity.
Notwithstanding any other provision of this Agreement, if the Executive’s employment shall be terminated by reason of his incapacity, and such incapacity is not covered by the disability insurance referred to in Section 3(e)(ii) hereof,
the Company shall continue to pay the Executive (i) his full Salary for one year, in monthly installments as provided in Section 3 hereof, and (ii) an Bonus Award for the year during which he first became incapacitated (the
“Initial Incapacity Date”), and, if the Initial Incapacity Date occurs after June 30 in any year prior to 2010, an Bonus Award for the year immediately following the year in which the Initial Incapacity Date occurred. 

(c) Cause. Notwithstanding any other provision of this Agreement, if the Company shall terminate the Executive’s employment
for Cause, the Company shall pay the Executive his full Salary through the Date of Termination at the rate in effect at the time notice of termination is given as provided in Section 7(e) above, and the Company shall have no further obligations
to the Executive under this Agreement. 

  
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 (d) Good Reason. If the Executive shall terminate his employment for Good Reason,
then the Company shall pay to the Executive his Salary and Bonus Awards through the Date of Termination at the rate in effect at the time notice of termination is given and, with respect to Bonus Awards, based upon the Company’s actual
performance over the relevant performance period. In addition, in lieu of any further payments to the Executive for periods subsequent to the Date of Termination, the Company shall pay as liquidated damages, or severance pay, or both, to the
Executive, in substantially equal monthly installments, from the Date of Termination to the Expiration Date, an amount calculated at an annual rate equal to the annual Salary and Bonus Awards that the Executive would have received if his employment
had not been terminated. 
 9. Binding Agreement. 
 This Agreement and all rights of the Executive hereunder shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors,
heirs, distributees, devisees and legatees. If the Executive should die while any amounts would still be payable to him hereunder if he had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the
terms of this Agreement to the Executive’s devisee, legatee or other designee or, if there be no such designee, to the Executive’s estate. 
 10. Board of Directors. 
 The term “Board of Directors”
shall mean the Board of Directors of K-Swiss. 
 11. Notices. 

For purposes of this Agreement, notices and all other communications to either party hereunder provided for in this Agreement shall be in
writing and shall be deemed to have been duly given when delivered or mailed by United States certified or registered mail, return receipt requested, postage prepaid, addressed, in the case of the Company, to them at K-Swiss Inc., 31248 Oak Crest
Drive, Westlake Village, California 91361, Attention: Secretary, or, in the case of the Executive, to the Executive at the address set forth in Section C of Appendix I hereto; or to such other address as either party shall designate by giving like
notice of such change to the other party. 

  
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 12. Miscellaneous. 
 No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is approved by either a majority of the Compensation and Stock Option Committee of the
Board of Directors of the Company (or another Committee of the board fulfilling the same functions) (the “Committee”) or by a majority of the Board of Directors of the Company (excluding the Executive) and agreed to in writing signed by
the Executive and such officer as may be specifically authorized by the Committee or the Board of Directors, as the case may be. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any
condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or
otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. Nothing contained in this Agreement shall impair, modify or in any way change the 2004
Agreement or the Amended and Restated Registration Rights Agreement attached as Appendix II to the Employment Agreement made as of April 30, 1993 between Executive and the Company, both of which shall remain in full force and effect. The
validity, interpretation, construction and performance of this Agreement shall be governed by the domestic substantive laws of the State of Delaware without giving effect to any choice or conflict of laws provision or rule that would cause the
application of the domestic substantive laws of any other state. 
 13. Validity. 

The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any
other provision of this Agreement, which shall remain in full force and effect, and in the event that any provision hereof shall be determined to be invalid or unenforceable for any reason, such provision shall be construed by limiting it so as to
be valid and enforceable to the fullest extent compatible with and possible under applicable law. 

  
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 14. Counterparts. 
 This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 

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

 

			
	K-SWISS INC.
		
	By:	 	  /s/ George Powlick                
		
		 	 Title: Vice President Finance

and Chief Financial Officer

	
	EXECUTIVE:
		
		 	  /s/ Steven B. Nichols                
		
		 	Steven B. Nichols

  
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 APPENDIX I 
 STEVEN B. NICHOLS 
  

	A.	The Executive shall serve the Company as its President, Chief Executive Officer and Chairman of the Board. 

 

	B.	Expiration Date: December 31, 2015. 

  

	C.	Address of Executive: Steven B. Nichols 

  

	
	K-Swiss Inc.
	31248 Oak Crest Drive
	Westlake Village, CA 91361
	
	 [Initials of Executive and of

Signing Officer of the Company]

	
	   /s/    Steven B. Nichols

	
	  

	
	  

  
 12Fifth Amendment to Third Amended and Restated Credit Agreement

 Exhibit 10.A 
 Execution Version 
 FIFTH AMENDMENT TO THIRD AMENDED AND

 RESTATED CREDIT AGREEMENT 
 This FIFTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (“Amendment”), dated as of December 21, 2010, is among PULTEGROUP, INC. (formerly known as Pulte Homes, Inc.), a Michigan
corporation (the “Borrower”), the Lenders that are identified on the signature pages hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”) and BANK OF AMERICA, N.A., as Syndication Agent
(“Syndication Agent”). 
 RECITALS 
 WHEREAS, the Borrower, the Lenders identified on the signature pages hereto, certain other Lenders and Administrative Agent are parties to that certain Third Amended and Restated Credit Agreement dated as
of June 20, 2007 (as amended by First Amendment to Third Amended and Restated Credit Agreement dated November 21, 2007, Second Amendment to Third Amended and Restated Credit Agreement dated February 15, 2008, Third Amendment to Third
Amended and Restated Credit Agreement dated November 21, 2008 and Fourth Amendment and Waiver to Third Amended and Restated Credit Agreement, dated December 11, 2009, and as it may be further amended, renewed and restated from time to
time, the “Credit Agreement”) (all capitalized terms not defined herein shall have the meanings given such terms in the Credit Agreement); 
 WHEREAS, the Borrower and the Lenders desire to amend the Credit Agreement for the purposes hereinafter set forth; 
 NOW, THEREFORE, for good and valuable consideration, the parties hereto hereby agree as follows: 
 1. Aggregate Commitment. Effective as of the Fifth Amendment Subsequent Effective Date (as hereinafter defined), the Aggregate Commitment is hereby reduced to $250,000,000, and Schedule
1.1(a) of the Credit Agreement is amended and restated in its entirety and replaced by Schedule 1.1(a) attached hereto. 
 2. Required Liquidity Reserve Deposit. Effective as of the Fifth Amendment Subsequent Effective Date, the definition of “Required Liquidity Reserve Deposit” in Section 1.1 of the
Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “Required
Liquidity Reserve Deposit” means an amount, determined as of the last day of a Coverage Test Failure Quarter for the period of four fiscal quarters ending on such date, equal to two (2) times the amount by which (a) interest
incurred by the Credit Parties, whether such interest was expensed, capitalized, paid, accrued or scheduled to be paid or accrued, exceeds (b) interest income of the Credit Parties (such amount being the same amount provided for in clause
(b) of the definition of “Interest Coverage Ratio”). In no event shall the Required Liquidity Reserve Deposit be greater than the Aggregate Commitment. 

  
 1 

 3. Conditions Precedent. 

(a) This Amendment shall be effective as of the date (“Fifth Amendment Effective Date”) upon which each of the following
conditions shall have been satisfied: 
 (i) The Administrative Agent shall have received from the Borrower and
the Required Lenders a counterpart of this Amendment signed on behalf of each such party. 
 (ii) The
Administrative Agent shall have received from the Guarantors the Consent and Agreement substantially in the form attached hereto as Exhibit A. 
 (iii) The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization or formation, existence
and good standing of the Borrower, the authorization of this Amendment and any other legal matters relating to the Borrower, the Credit Agreement or this Amendment, all in form and substance satisfactory to the Administrative Agent and its counsel.

 (iv) The Administrative Agent shall have received any amounts due and payable on or prior to the Fifth
Amendment Effective Date, including reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder. 
 The Administrative Agent shall notify the Borrower and the Lenders of the Fifth Amendment Effective Date, and such notice shall be conclusive and binding. 

(b) The amendments contained in Sections 1 and 2 of this Fifth Amendment shall become effective on the date (the “Fifth Amendment
Subsequent Effective Date”) on which each of the following conditions shall have been satisfied: 
 (i) The
Fifth Amendment Effective Date shall have occurred; and 
 (ii) Pursuant to Section 2.9(c) of the
Credit Agreement, the Borrower shall have reduced the Aggregate Commitment to $250,000,000. 
 The Administrative Agent shall
notify the Borrower and the Lenders of the Fifth Amendment Subsequent Effective Date, and such notice shall be conclusive and binding. 
 4. Representations and Warranties. The Borrower hereby represents and warrants that as of the date hereof, after giving effect to this Amendment: 

(a) The representations and warranties of the Borrower and the other Credit Parties in the Credit Agreement and the other Credit
Documents are true and correct in all material respects. 
 (b) There exists no Default or Event of Default. 

5. Ratification. The Credit Agreement, as amended hereby, is hereby ratified and remains in full force and effect. 

  
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 6. Counterparts. This Amendment may be executed in any number of counterparts, all of
which taken together shall constitute one agreement and any of the parties hereto may execute this Amendment by signing any such counterpart. 
 7. Choice of Law. This Amendment and the other Credit Documents shall be construed in accordance with the internal laws (but without regard to the conflict of laws provisions other than
Section 5-1401 of the New York General Obligations Law) of the State of New York, but giving effect to federal laws applicable to national banks. 
 [Signature Pages Follow] 

  
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 IN WITNESS WHEREOF, the Borrower and the undersigned Lenders have caused this Amendment to be duly executed
as of the date first above written. 
  

			
	 PULTEGROUP, INC.

(formerly known as Pulte Homes, Inc.)

		
	By:	 	 /s/ Bruce E. Robinson

		
	Name:	 	 Bruce E. Robinson

		
	Title:	 	 Vice President and Treasurer

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	JPMORGAN CHASE BANK, NA.,
	as Lender and Administrative Agent
		
	By:	 	 /s/ Kimberly Turner

		
	Name:	 	 Kimberly Turner

		
	Title:	 	 Executive Director

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	CITICORP NORTH AMERICA, INC.
		
	By:	 	 /s/ John Rowland

		
	Name:	 	 John Rowland

		
	Title:	 	 Director

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Eyal Namordi

		
	Name:	 	 Eyal Namordi

		
	Title:	 	 Senior Vice President

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	BARCLAYS BANK PLC
		
	By:	 	 /s/ Craig Malloy

		
	Name:	 	 Craig J. Malloy

		
	Title:	 	 Director

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	BNP PARIBAS
		
	By:	 	 /s/ Duane Helkowski

		
	Name:	 	 Duane Helkowski

		
	Title:	 	 Managing Director

		
	By:	 	 /s/ Angela B. Arnold

		
	Name:	 	 Angela B. Arnold

		
	Title:	 	 Managing Director

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	COMERICA BANK
		
	By:	 	 /s/ Charles Weddell

		
	Name:	 	 Charles Weddell

		
	Title:	 	 Vice President

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS
		
	By:	 	 /s/ Omayra Laucella

		
	Name:	 	 Omayra Laucella

		
	Title:	 	 Vice President

		
	By:	 	 /s/ Evelyn Thierry

		
	Name:	 	 Evelyn Thierry

		
	Title:	 	 Director

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	THE ROYAL BANK OF SCOTLAND PLC
		
	By:	 	 /s/ William McGinty

		
	Name:	 	 William McGinty

		
	Title:	 	 Director

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	SUNTRUST BANK
		
	By:	 	 /s/ W. John Wendler

		
	Name:	 	 W. John Wendler

		
	Title:	 	 Senior Vice President

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	 UBS LOAN FINANCE LLC

		
	By:	 	 /s/ Irja R. Otsa

		
	Name:	 	 Irja R. Otsa

		
	Title:	 	 Associate Director

		
	By:	 	 /s/ Mary E. Evans

		
	Name:	 	 Mary E. Evans

		
	Title:	 	 Associate Director

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	 BANK OF AMERICA, N.A., as Successor by

Merger to Merrill Lynch Bank USA

		
	By:	 	 /s/ Eyal Namordi

		
	Name:	 	 Eyal Namordi

		
	Title:	 	 Senior Vice President

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
		
	By:	 	 /s/ Thomas Danielson

		
	Name:	 	 Thomas Danielson

		
	Title:	 	 Authorized Signatory

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	LLOYDS TSB BANK PLC
		
	By:	 	 /s/ Susanne Hughes

		
	Name:	 	 Susanne Hughes

		
	Title:	 	 Senior Vice President

		
	By:	 	 /s/ W. J. Bruce

		
	Name:	 	 W. J. Bruce

		
	Title:	 	 Managing Director

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	MIZUHO CORPORATE BANK, LTD.
		
	By:	 	 /s/ Noel P. Purcell

		
	Name:	 	 Noel P. Purcell

		
	Title:	 	 Authorized Signatory

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Luis Donoso

		
	Name:	 	 Luis Donoso

		
	Title:	 	 Vice President

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	FIFTH THIRD BANK, an Ohio Banking Corporation, successor by merger with Fifth Third Bank, a Michigan Banking Corporation
		
	By:	 	 /s/ Brian Jelinski

		
	Name:	 	 Brian Jelinski

		
	Title:	 	 Assistant Vice President

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	REGIONS BANK
		
	By:	 	 /s/ Daniel McClurkin

		
	Name:	 	 Daniel McClurkin

		
	Title:	 	 Vice President

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	CITY NATIONAL BANK
		
	By:	 	 /s/ Xavier Barrera

		
	Name:	 	 Xavier Barrera

		
	Title:	 	 Vice President

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	TD BANK, NA
		
	By:	 	 /s/ Maureen Hobson

		
	Name:	 	 Maureen Hobson

		
	Title:	 	 Vice President

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Elena Bennett

		
	Name:	 	 Elena Bennett

		
	Title:	 	 Managing Director

 SIGNATURE PAGE TO FIFTH AMENDMENT TO THIRD AMENDED 

AND RESTATED CREDIT AGREEMENT WITH PULTEGROUP, INC. (FORMERLY 

KNOWN AS PULTE HOMES, INC.) 
  

			
	BANK OF HAWAII, a Hawaii corporation
		
	By:	 	 /s/ Van Cornwell

		
	Name:	 	 Van Cornwell

		
	Title:	 	 Vice President

 SCHEDULE 1.1(a) 

 

					
	Lender	  	Commitment	 
		
	 Bank of America, N.A.
	  	$	23,521,505.38	  
		
	 JPMorgan Chase Bank, N.A.
	  	$	18,817,204.37	  
		
	 Barclays Bank PLC
	  	$	13,440,860.21	  
		
	 BNP Paribas
	  	$	13,440,860.21	  
		
	 Calyon New York Branch
	  	$	13,440,860.21	  
		
	 Citicorp North America, Inc.
	  	$	13,440,860.21	  
		
	 Comerica Bank
	  	$	13,440,860.21	  
		
	 Deutsche Bank Trust Company Americas
	  	$	13,440,860.21	  
		
	 The Royal Bank of Scotland PLC
	  	$	13,440,860.21	  
		
	 SunTrust Bank
	  	$	13,440,860.21	  
		
	 UBS Loan Finance LLC
	  	$	13,440,860.21	  
		
	 Wells Fargo Bank, National Association
	  	$	13,440,860.21	  
		
	 Compass Bank
	  	$	10,080,645.16	  
		
	 Bank of America, N.A., as successor by Merger to Merrill Lynch Bank USA
	  	$	10,080,645.16	  
		
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	7,392,473.12	  
		
	 Lloyds TSB Bank PLC
	  	$	6,720,430.11	  
		
	 Mizuho Corporate Bank, Ltd.
	  	$	6,720,430.11	  
		
	 PNC Bank, National Association
	  	$	6,720,430.11	  
		
	 Natixis
	  	$	5,376,344.08	  
		
	 Fifth Third Bank
	  	$	4,704,301.07	  
		
	 Regions Bank
	  	$	4,704,301.07	  
		
	 City National Bank
	  	$	3,360,215.05	  
		
	 TD Bank, NA
	  	$	2,688,172.04	  
		
	 Bank of Hawaii, a Hawaii corporation
	  	$	2,016,129.03	  
		
	 California Bank & Trust, a California Banking Corporation
	  	$	2,016,129.03	  
		
	 Malayan Banking Berhad, New York Branch
	  	$	672,043.01	  
		
	 TOTAL
	  	$	250,000,000.00	  

 Exhibit A 
 CONSENT AND AGREEMENT OF GUARANTORS 
 THIS CONSENT AND AGREEMENT OF
GUARANTORS (“Consent”) is executed and delivered as of December 21, 2010, by the undersigned (the “Guarantors”), in favor of the “Lenders” under that certain Third Amended and Restated Credit Agreement dated as of
June 20, 2007, among PulteGroup, Inc. (formerly known as Pulte Homes, Inc.), the Lenders from time to time parties thereto and JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent. Such Third Amended and Restated Credit Agreement,
as it has been and may be amended, modified or supplemented from time to time, is hereinafter referred to as the “Credit Agreement.” Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to them in
the Credit Agreement. 
 WITNESSETH: 
 WHEREAS, the Guarantors have executed and delivered a Guaranty dated June 20, 2007 in favor of the Lenders under the Credit Agreement (the “Guaranty”); and 

WHEREAS, the Borrower, the Administrative Agent and the Required Lenders have entered into that certain Fifth Amendment to Third Amended
and Restated Credit Agreement of even date herewith amending the Credit Agreement (the “Amendment”); and 
 WHEREAS,
it is a condition to the Amendment that the Guarantors shall have executed this Consent; 
 NOW THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Guarantors hereby consent to the Amendment and agree that the Guaranty continues in full force and effect with respect to the undersigned Guarantors. 

IN WITNESS WHEREOF, this Consent has been duly executed by the Guarantors as of the day and year first set forth above. 

 

			
	On behalf of Guarantors listed on the attached Schedule A.
		
	By:	 	 /s/ Bruce E. Robinson

		
	Name:	 	Bruce E. Robinson
		
	Title:	 	Vice President and Treasurer

 SCHEDULE A 

Guarantors 
 Anthem
Arizona L.L.C. 
 Asset Seven Corp. 

Centex Construction of New Mexico, LLC 
 Centex
Homes 
 Centex Homes of California, LLC 
 Centex Homes, LLC 
 Centex International II, LLC 

Centex Real Estate Construction Company 

Centex Real Estate Corporation 
 Centex Real
Estate Holding, L.P. 
 Del Webb California Corp. 
 Del Webb Communities, Inc. 
 Del Webb Communities of Illinois, Inc. 

Del Webb Corporation 
 Del Webb’s Coventry
Homes Construction Co. 
 Del Webb Home Construction, Inc. 
 Del Webb Spruce Creek Communities, Inc. 
 Del Webb Texas Limited Partnership 

Del Webb’s Coventry Homes, Inc. 
 DiVosta
Homes, L.P. 
 DiVosta Building, LLC 

Florida Building Products, LLC 
 PHNE Business
Trust 
 Pulte Nevada I L.L.C. 

 PN II, Inc. 
 Potomac Yard Development LLC 
 Pulte Communities NJ, Limited Partnership 

Pulte Development Corporation 
 Pulte Home
Corporation 
 Pulte Development of New Mexico, Inc. 
 Pulte Diversified Companies, Inc. 
 Pulte Home Corporation of the Delaware Valley 

Pulte Homes of Greater Kansas City, Inc. 

Pulte Homes of Indiana, LLC 
 Pulte Homes of
Michigan, LLC 
 Pulte Homes of Minnesota LLC 
 Pulte Homes of New England, LLC 
 Pulte Homes of New Mexico, Inc. 

Pulte Homes of New York, LLC 
 Pulte Homes of
NJ, Limited Partnership 
 Pulte Homes of Ohio LLC 
 Pulte Homes of PA, Limited Partnership 
 Pulte Homes of St. Louis, LLC 

Pulte Homes of Texas, L.P. 
 Pulte Homes
Tennessee Limited Partnership 
 Pulte Land Company, LLC 
 Pulte Realty Corporation 
 Wil Corporation

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