Document:

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                                                                     EXHIBIT 4.6

NON-EXCLUSIVE FINANCIAL ADVISORY AGREEMENT

This Agreement is made and entered into as of the 15th day of November, 2000,
("Effective Date") between CCM MANUFACTURING TECHNOLOGIES, INC., a Delaware
corporation (the "Company") and SUNSTATE EQUITY TRADING, INC., with its
principal executive office located at 1008 North Dale Mabry Highway, Suite 204,
Tampa, Florida 33618 (the "Financial Advisor").

                             W I T N E S S E T H :
                             - - - - - - - - - -

WHEREAS, the Financial Advisor is an investment banker and registered NASD
broker- dealer and has experience in providing financial and business advice to
public and private companies; and

WHEREAS, the Company is seeking and the Financial Advisor is willing to furnish,
on a non-exclusive basis, business and financial related advice and services to
the Company on the terms and conditions hereinafter set forth.

NOW, THEREFORE, in consideration of, and for the mutual promises and covenants
contained herein, and for other good and valuable consideration, the receipt of
which is hereby acknowledged, the parties agree as follows:

1.   Purpose. - The Company hereby engages the Financial Advisor for the term
     -------
specified in this Agreement to render financial advisory consulting advice on a
non-exclusive basis to the Company as an investment banker relating to
financial, market acceptance and similar matters upon the terms and conditions
set forth herein.

2.   Representations of the Financial Advisor and the Company.  The Financial
     --------------------------------------------------------
Advisor represents and warrants to the Company that (i) it is a member in good
standing of the National Association of Securities Dealers, Inc. ("NASD") and
that it is engaged in the securities brokerage business; (ii) in addition to its
securities brokerage business, the Financial Advisor provides consulting
advisory services; and (iii) it is free to enter into this Agreement and the
services to be provided pursuant to this Agreement are not in conflict with any
other contractual or other obligation to which the Financial Advisor is bound.
The Company acknowledges that the Financial Advisor is in the business of
providing financial and public market services and consulting advice (of the
type contemplated by this Agreement) to others and that nothing herein contained
shall be construed to limit or restrict the Financial Advisor in conducting such
business with respect to others, or rendering such advice to others,  nor shall
Company be restricted from seeking such, or related services, from other
sources, including other investment banking firms.

3.   Duties of the Financial Advisor.  During the term of this Agreement, the
     -------------------------------
Financial Advisor will provide the Company with consulting advice as specified
below, provided that the Financial Advisor shall not be required to undertake
duties not reasonable within the scope of the
<PAGE>

consulting advisory service in which the Financial Advisor is engaged generally.
In performance of these duties, the Financial Advisor shall provide the Company
with the benefits of its best judgment and efforts. It is understood and
acknowledged by the parties that the value of the Financial Advisor's advice is
not measurable in any quantitative manner, and that the amount of time spent
rendering such consulting advice shall be determined according to the Financial
Advisor's discretion.

     The Financial Advisor's duties may include, but will not necessarily be
limited to:

  1. Advice relating to corporate financing activities and related market
     acceptance of Company's business and securities, including monitoring the
     progress and status of the Company's marketing efforts through Financial
     Advisor's relationships with industry investment bankers;

     2. Recommendations relating to specific business operations and
          investments;

     3. Advice relating to financial planning;

     4. Advice regarding future finances involving securities of the Company or
          any subsidiary; and

     5. Advice relating to the content and timing of press releases to the
          public.

4.   Term.  The term of this Agreement shall commence on the Effective Date, and
     ----
terminate one year from the Effective Date; provided, however, that this
Agreement may be renewed, modified, canceled or extended upon such terms and
conditions as may be mutually agreed upon by the parties hereto.

5.   Compensation.The Company shall compensate the Financial Advisor, its
     ------------
designee or assign in the manner set forth on Schedule A.  To the extent that
such compensation may include Restricted Stock (as defined on Schedule A),
Financial Advisor, its designee(s) or assign(s) represents and warrants that
Financial Advisor, its designee(s) or assign(s) (i) is acquiring the Restricted
Stock solely for its own beneficial account and not with a view to, or resale in
connection with any distribution, and (ii) understands that the Restricted Stock
has not been registered under the Securities Act of 1933, as amended, or any
state securities laws by reason of specific exemptions under the provisions
thereof.

6.   Expenses. In addition to the compensation payable hereunder, the Company
     --------
shall reimburse the Financial Advisor, within five (5) business days of its
request, for any and all out-of-pocket expenses incurred in connection with the
services performed by the Financial Advisor and its counsel pursuant to this
Agreement, including hotel, food and associated expenses, all charges for
travel, long-distance telephone calls and other expenses spent or incurred on
the Company's behalf, provided any expenses must be pre-approved by Company
prior to being incurred.

<PAGE>

7.   Use of Advice by the Company; Public Market for the Company's Securities.
     ------------------------------------------------------------------------
The Company acknowledges that all opinions and advice (written or oral) given by
the Financial Advisor to the Company in connection with the engagement of the
Financial Advisor are intended solely for the benefit and use of the Company in
considering the transaction to which they relate, and the Company agrees that no
person or entity other than the Company shall be entitled to make use of or rely
upon the advice of the Financial Advisor to be given hereunder, and no such
opinion or advice shall be used for any other purpose or reproduced,
disseminated, quoted or referred to at any time, in any manner or for any
purpose, nor may the Company make any public references to the Financial
Advisor, or use of the Financial Advisor's name in any annual reports or any
other reports or releases of the Company other than as required by rule or law
without the prior written consent of the Financial Advisor.

     The Company acknowledges that the Financial Advisor makes no commitment
whatsoever as to guaranteeing the making of a public trading market in the
Company's securities or to recommending or advising its clients to purchase the
Company's securities; however, nothing  contained herein shall preclude such
actions at Financial Advisor's sole discretion and responsibility.  Research
reports, corporate finance or like reports that may be prepared by the Financial
Advisor or its contractors or suppliers will, when and if prepared, be initiated
on the merits or judgment of analysis of the Financial Advisor or prepared by a
contractor or supplier, solely on the discretion and judgment of that individual
contractor or supplier.

8.   Company Information; Confidentially.  The Company recognizes and confirms
     -----------------------------------
that, in advising the Company and in fulfilling its engagement hereunder, the
Financial Advisor will use and rely on data, material and other information
furnished to the Financial Advisor by the Company.  The Company acknowledges and
agrees that in performing its services under this engagement, the Financial
Advisor may rely upon the data, material and other information supplied by the
Company without independently verifying the accuracy, completeness or veracity
of same.  In addition, in the performance of its services, the Financial Advisor
may look to such others for such factual information, economic advice and/or
research upon which to base its advice to the Company hereunder as the Financial
Advisor shall in good faith deem appropriate. Except as contemplated by the
terms hereof or as required by applicable law, the Financial Advisor shall keep
confidential all non-public information provided to it by the Company, and shall
not disclose such information to any third party without the Company's prior
written consent, other than such of its employees and advisors as the Financial
Advisor determines to have a need to know.  Company confirms that all public
information given to Financial Advisor or its contractors or suppliers shall be
accurate and comply with SEC Regulation F.D.

9.   Indemnification and Contribution
     --------------------------------

1.   The Company shall indemnify and hold harmless the Financial Advisor against
any and all liabilities, claims, lawsuits, including any and all awards and/or
judgments to which it may become subject under the Securities Act of 1933, (the
"Act"), the Securities Exchange Act of 1934, as amended (the "1934 Act") or any
other federal or state statute, at common law or otherwise, insofar as said
liabilities, claims and lawsuits (including costs, expenses, awards and/or
judgments) arise out of or are in connection with the services rendered by the
Financial
<PAGE>

Advisor or any transactions in connection with the services rendered by the
Financial Advisor, except for any liabilities, claims and lawsuits (including
awards and/or judgments), arising out of willful acts or willful omissions or
negligence of the Financial Advisor. In addition, the Company shall also
indemnify and hold harmless the Financial Advisor against any and all costs and
expenses, including reasonable counsel fees, incurred relating to the foregoing.

     The Financial Advisor shall give the Company prompt notice of any such
liability, claim or lawsuit which the Financial Advisor contends is the subject
matter of the Company's indemnification and the Company thereupon shall be
granted the right to take any and all necessary and proper action, at its sole
cost and expense, with respect to such liability, claim and lawsuit, including
the right to settle, compromise and dispose of such liability, claim or lawsuit,
excepting therefrom any and all proceedings or hearings before any regulatory
bodies and/or authorities.

     The Financial Advisor shall indemnify and hold the Company harmless against
any and all liabilities, claims and lawsuits, including any and all awards
and/or judgments to which it may become subject under the Act, the 1934 Act or
any other federal or state statute, at common law or otherwise, insofar as said
liabilities, claims and lawsuits (including costs, expenses, awards and/or
judgments) arise out of or are based upon any omission or untrue statement or
alleged untrue statement of a material fact required to be stated or necessary
to make the statement therein, not misleading, which statement or omission was
made in reliance upon information furnished in writing to the Company by or on
behalf of the Financial Advisor for inclusion in any registration statement or
prospectus or any amendment or supplement thereto.  In addition, the Financial
Advisor shall also indemnify and hold the Company harmless against any and all
costs and expenses, including reasonable counsel fees, incurred relating to
willful acts, negligence or willful material omissions of Financial Advisor or
relating to the foregoing.

     The Company shall give the Financial Advisor prompt notice of any such
liability, claim or lawsuit which the Company contends is the subject matter of
the Financial Advisor's indemnification and the Financial Advisor thereupon
shall be granted the right to  take any and all necessary and proper action, at
its sole cost and expense, with respect to such liability, claim and lawsuit,
including the right to settle, compromise or dispose of such liability, claim or
lawsuit, excepting therefrom any and all proceedings or hearings before any
regulatory bodies and/or authorities.

2.   In order to provide for just and equitable contribution in any case in
which (i) any person entitled to indemnification under this paragraph makes
claim for indemnification pursuant hereto but it is judicially determined (by
the entry of a final judgment or decree by a court of competent jurisdiction and
the expiration of time to appeal or the denial of the last right of appeal) that
such indemnification may not be enforced in such case notwithstanding the fact
that this paragraph provides for indemnification in such case, or (ii)
contribution may be required on the part of any such person in circumstances for
which indemnification is provided under this paragraph, then, and in each such
case, the Company and the Financial Advisor shall contribute to the aggregate

4
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losses, claims, damages or liabilities to which they may be subject (after any
contribution from others) in such proportion taking into consideration the
relative benefits received by each party from the offering covered by the
prospectus or from any other document or agreement with respect to any
transactions in connection with this Agreement (taking into account the portion
of the proceeds of the transaction realized by each), the parties' relative
knowledge and access to information concerning the matter with respect to which
the claim was assessed, the opportunity to correct and prevent any statement or
omission and other equitable considerations appropriate under the circumstances;
provided, that, in any such case, no person guilty of a fraudulent
misrepresentation (within the meaning of Section 11(f) of the 1934 Act) shall be
entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation.

     Within fifteen (15) days after receipt by any party to this Agreement (or
its representative) of notice of the commencement of any action, suit or
proceeding, such party will, if a claim for contribution in respect thereof is
to be made against another party (the "Contributing Party"), notify the
Contributing Party of the commencement thereof, but the omission so to notify
the Contributing Party will not relieve it from any liability which it may have
to any other party other than for contribution hereunder.  In case any action,
suit or proceeding is brought against any party, and such party notifies a
Contributing Party or his or its representative of the commencement thereof
within the aforesaid fifteen (15) days, the Contributing Party will be entitled
to participate therein with the notifying party and any other Contributing Party
similarly notified.  Any such Contributing Party shall not be liable to any
party seeking contribution on account of any settlement of any claim, action or
proceeding effected by such party seeking contribution without the written
consent of the Contributing Party.  The indemnification provisions contained in
this paragraph are in addition to any other rights or remedies which either
party hereto may have with respect to the other or hereunder.

10.  The Financial Advisor as an Independent Contractor.  The Financial Advisor
     --------------------------------------------------
shall perform its services hereunder as an independent contractor and not as an
agent or employee of the Company or an affiliate thereof.  It is expressly
understood and agreed to by the parties hereto that the Financial Advisor shall
have no authority to act for, represent or bind the Company or any affiliate
thereof in any manner, except as may be agreed to expressly by the Company in
writing from time to time.  From time to time Financial Advisor may contract
with other entities to perform some of the duties of Financial Advisor described
in Section 3 herein or such other functions as Financial Advisor in its sole
discretion deems appropriate or necessary, and may compensate such contractors
with a portion of the compensation described on Schedule A.

11.  Miscellaneous.
     -------------

          1.   This Agreement between the Company and the Financial Advisor
     constitutes the entire agreement and understanding of the parties hereto,
     and supersedes any and all previous agreements and understandings, whether
     oral or written, between the parties with respect to the matters set forth
     herein.

5
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2.   Any notice or communication permitted or required hereunder shall be in
     writing and shall be deemed sufficiently given if hand-delivered or sent
     postage prepaid by certified or registered mail, return receipt requested,
     to the respective parties as set forth below, or to such other address as
     either party may notify the other in writing:

6
<PAGE>

     If to the Company:            CCM Manufacturing Technologies, Inc.
                                        Attention: Jaime Munoz
                                        15635 Vision Drive
                                        Pflugerville,Texas
                                        Telephone: 512-251-3483

     If the Financial Advisor:     Sunstate Equity trading, Inc.
                                   1008 North DelMabry Highway
                                   Suite 204
                                   Tampa, Florida 33618
                                   Telephone: 813-961-4649

3.   This Agreement shall be binding upon and inure to the benefit of each of
     the parties hereto and their respective successors, legal representatives
     and assigns.
4.   This Agreement may be executed in any number of counterparts, each of which
     together shall constitute one and the same original document.
5.   No provision of this Agreement may be amended, modified or waived, except
     in a writing signed by all of the parties hereto.
6.   This Agreement shall be construed in accordance with and governed by the
     laws of the State of Texas, without giving effect to conflict of law
     principles. The parties hereby agree that any dispute which may arise
     between them arising out of or in connection with this Agreement shall be
     adjudicated before a court located in Texas, and they hereby submit to the
     exclusive jurisdiction of the federal and state courts of the State of
     Texas with respect to any action or legal proceeding commenced by and
     party, and irrevocably waive any objection they now or hereafter may have
     respecting the venue of any such action or proceeding brought in such a
     court or respecting the fact that such court is an inconvenient forum,
     relating to or arising out of this Agreement, and consent to the service of
     process in any such action or legal proceeding by means of registered or
     certified mail, return receipt requested, in care of the address set forth
     in paragraph 11(b) hereof.
7.   This Agreement has been duly authorized, executed and delivered by and on
     behalf of the Company and the Financial Advisor.

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

                                         CCM MANUFACTURING TECHNOLOGIES, INC.

7
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                                          By: /S/ Jaime Munoz
                                              ---------------
                                              Jaime Munoz, President

                                          SUNSTATE EQUITY TRADING, INC.
                                          Name: /S/ Jim Kelly
                                                -------------

8
<PAGE>

                                  SCHEDULE "A"

Company shall compensate Financial Advisor for the duties performed by Financial
Advisor under this Agreement, as follows:

As consideration for the Financial Advisor entering into this Agreement, the
Company shall issue to Financial Advisor and/or its designee, upon execution of
this Agreement, certificates for TWO HUNDRED THOUSAND (200,000) fully-paid and
non-assessable shares of CCM MANUFACTURING TECHNOLOGIES, INC.'s Common Stock
which shall be restricted as to transferability under the federal securities
laws ("Restricted Stock").

The Restricted Stock certificate(s) shall bear the following legend: THE SHARES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933 [OR UNDER ANY APPLICABLE STATE LAW]. THEY MAY NOT BE SOLD,
TRANSFERRED, OR OTHERWISE DISPOSED OF WITHOUT AN EFFECTIVE REGISTRATION UNDER
THE SECURITIES ACT OF 1933, AS AMENDED [OR UNDER ANY APPLICABLE STATE LAW], OR
FOR WHICH AN EXEMPTION IS AVAILABLE FROM SUCH REGISTRATION AND FOR WHICH THE
COMPANY IS PROVIDED WITH AN OPINION OF COUNSEL TO THE HOLDER, REASONABLY
SATISFACTORY TO THE COMPANY, TO THE EFFECT THAT SUCH TRANSFER IS NOT IN
VIOLATION OF ANY OF SAID SECURITIES LAWS.

The Company shall deliver FIFTY THOUSAND (50,000) SHARES to the Financial
Advisor or its designee upon execution of this Agreement; two months from the
date hereof, the Company shall deliver an additional FIFTY THOUSAND (50,000)
fully-paid and non-assessable shares of the Company's Common Stock to the
Financial Advisor or its designee; four months from the date of this Agreement,
the Company shall deliver FIFTY THOUSAND (50,000) fully paid and non-assessable
shares to the Financial Advisor or its designee; and six months from the date
hereof, the Company shall deliver an additional FIFTY THOUSAND (50,000) fully-
paid and non-assessable shares of the Company's Common Stock to the Financial
Advisor or its designee. The Restricted Stock certificate(s) shall bear the
legend as stated above unless, prior to the date of delivery, such shares were
registered with the Securities and Exchange Commission.

Not later than one year from the date of this Agreement or its next Registration
Statement, the Company shall file a SB-1, SB-2, S-8 (or other applicable form)
registration with the Securities and Exchange Commission pursuant to which the
Company will register or qualify the TWO HUNDRED THOUSAND (200,000) shares of
Restricted Stock to the extent requisite to permit the public offering and sale
of the Restricted Stock, and Company will use its best efforts to cause such
registration statement to become effective as promptly a practicable. The
Company shall bear all expenses incurred in connection with the filing of such
registration statement. Regardless of the foregoing, all Restricted Shares
issued pursuant to this Agreement shall have

9
<PAGE>

"piggyback" registration rights in the first and any registrations filed by the
Company subsequent to the date of this Agreement, and all of the shares covered
by this Agreement shall be registered in the first of any such registrations by
Company regardless of whether held by Financial Advisor or any subsequent owner.

10<PAGE>

                                                                     EXHIBIT 4.5

                         SECOND SUPPLEMENTAL INDENTURE

     SECOND SUPPLEMENTAL INDENTURE (this "Second Supplemental Indenture"), dated
                                          -----------------------------
as of February 27, 2001, between NVR, INC., a Virginia corporation (the
"Company"), having its principal office at 7601 Lewinsville Road, Suite 300,
 -------
McLean, Virginia, 22102 and THE BANK OF NEW YORK, a New York banking corporation
(the "Trustee"), having a Corporate Trust Office at 101 Barclay Street, 21st
      -------
Floor, New York, New York, as Trustee under the Base Indenture, the First
Supplemental Indenture, and this Second Supplemental Indenture (each as
hereinafter defined).  Capitalized terms used and not otherwise defined herein
shall have the meaning set forth in the Base Indenture (as defined).

                                R E C I T A L S

     WHEREAS, the Company and the Trustee have heretofore executed and delivered
to the Trustee an Indenture, dated as of April 14, 1998 (the "Base Indenture"),
                                                              --------------
as amended and supplemented by the first supplemental indenture, dated as of
April 14, 1998 (the "First Supplemental Indenture" and, together with the Base
                     ----------------------------
Indenture, the "Indenture") pursuant to which the Company's 8% Senior Notes due
                ---------
2005 were issued;

     WHEREAS, in accordance with Section 902 of the Base Indenture, the Company
and the Trustee are authorized and permitted to amend and supplement the
Indenture as set forth herein (the "Amendment"), with the consent of the Holders
                                    ---------
of not less than a majority in principal amount of all Outstanding Securities,
and (1) the Holders of a majority in principal amount of all Outstanding
Securities have consented to the Amendment and (2) all other requirements set
forth in the Base Indenture to make this Second Supplemental Indenture effective
have been satisfied; and

     WHEREAS, the Company and the Trustee deem it advisable to enter into this
Second Supplemental Indenture for the purpose of amending the Indenture in order
to provide the Company with greater flexibility to continue to repurchase shares
of its outstanding common stock as part of its strategy of maximizing
shareholder value.

NOW, THEREFORE, THIS SECOND SUPPLEMENTAL INDENTURE WITNESSETH:

     For and in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Company and the
Trustee mutually covenant and agree for the equal and proportionate benefit of
all Holders of the Notes as follows:

     SECTION 1.01 AMENDMENT.  Section 5.01 of the First Supplemental Indenture
is amended and restated in its entirety as follows:

     "Section 5.01  Limitations on Restricted Payments.  Until the Notes are
rated Investment Grade by both Rating Agencies, after which time the following
covenant no longer shall be binding on the Company or any Restricted Subsidiary:

     (a)  neither the Company nor any of its Restricted Subsidiaries shall,
directly or
<PAGE>

indirectly, make any Restricted Payment, if, after giving effect thereto on a
pro forma basis:

          (i)   the Company could not Incur $1.00 of additional Indebtedness
     pursuant to provisions described in paragraph (b) of Section 5.02 hereof;

          (ii)  a Default or an Event of Default would occur or be continuing;
     or

          (iii) the aggregate amount of all Restricted Payments, including such
     proposed Restricted Payment, made by the Company and its Restricted
     Subsidiaries, from and after the Issue Date and on or prior to the date of
     such Restricted Payment, shall exceed the sum (the "Basket") of:

                    (A)  50% of Consolidated Net Income of the Company for the
               period (taken as one accounting period), commencing with the
               first full fiscal quarter which includes the Issue Date, to and
               including the fiscal quarter ended immediately prior to the date
               of each calculation for which internal financial statements are
               available (or, if Consolidated Net Income for such period is
               negative, then minus 100% of such deficit); plus

                    (B)  100% of the amount of any Indebtedness of the Company
               or a Restricted Subsidiary Incurred after the Issue Date that is
               converted into or exchanged for Qualified Capital Stock of the
               Company after the Issue Date; plus

                    (C)  to the extent that any Restricted Investment made after
               the date of this First Supplemental Indenture is sold for cash or
               otherwise reduced or liquidated or repaid for cash, in whole or
               in part, the lesser of (1) the cash return of capital with
               respect to such Restricted Investment (less the cost of
               disposition, if any) and (2) the initial amount of such
               Restricted Investment; plus

                    (D)  unless accounted for pursuant to clause (B) above, 100%
               of the aggregate net proceeds (after payment of reasonable out-
               of-pocket expenses, commissions and discounts incurred in
               connection therewith) received by the Company from the sale or
               issuance (other than to a Subsidiary of the Company) of its
               Qualified Capital Stock after the Issue Date and on or prior to
               the date of such Restricted Payment; plus

                    (E)  with respect to any Unrestricted Subsidiary that is
               redesignated as a Restricted Subsidiary after the Issue Date in
               accordance with the definition of Unrestricted Subsidiary (so
               long as the designation of such Subsidiary as an Unrestricted
               Subsidiary was treated as a Restricted Payment made after the
               Issue Date and only to the extent not included in the calculation
               of Consolidated Net Income), an amount equal to the lesser of (x)
               the book value in accordance with GAAP of the Company's or a
               Restricted Subsidiary's Investment in such Subsidiary, and (y)
               the Designation Amount at the time of such Subsidiary's
               designation as an Unrestricted Subsidiary; plus

                    (F)  100% of tax benefits, if any, for the period (taken as
               one accounting period), commencing with the first full fiscal
               quarter which includes the Issue Date, realized by the Company
               from stock option exercises and from the issuance of the
               Company's Qualified Capital Stock pursuant to equity-based
               employee benefit plans that are recorded as an increase to
               shareholders' equity in accordance with GAAP; plus

                                       2
<PAGE>

                    (G)  $50,000,000.

          (b)   The foregoing clause (a) does not prohibit:

          (i)   the payment of any dividend within 60 days after the date of its
     declaration if such dividend could have been made on the date of its
     declaration in compliance with the foregoing provisions;

          (ii)  the payment of cash dividends or other distributions to any
     Equity Investor or joint venture participant of a Restricted Subsidiary
     with respect to a class of Capital Stock of such Restricted Subsidiary or
     joint venture owned by such Equity Investor or joint venture participant so
     long as the Company or its Restricted Subsidiaries simultaneously receive a
     dividend or distribution with respect to their Investment in such
     Restricted Subsidiary or joint venture either in U.S. Legal Tender or the
     same form as the dividend or distribution received by such Equity Investor
     or joint venture participant and in proportion to their proportionate
     interest in the same class of Capital Stock of such Restricted Subsidiary
     (or in the case of a joint venture that is a partnership or a limited
     liability company, as provided for in the documentation governing such
     joint venture), as the case may be;

          (iii) repurchases or redemptions of Capital Stock of the Company from
     any former directors, officers and employees of the Company in the
     aggregate up to $3,000,000 during any calendar year (provided, however,
     that any amounts not used in any calendar year may be used in any
     subsequent year);

          (iv)  the retirement of Capital Stock of the Company or the retirement
     in Indebtedness of the Company, in exchange for or out of the proceeds of a
     substantially concurrent sale (other than a sale to a Subsidiary of the
     Company) of, other shares of its Qualified Capital Stock and the retirement
     of Capital Stock or Indebtedness of a Restricted Subsidiary in exchange for
     or out of the proceeds of a substantially concurrent sale of its Qualified
     Capital Stock, provided that, in each case, the amount of any such proceeds
     is excluded for purposes of clause (a)(iii)(D) above; or

          (v)   repurchases by the Company of Capital Stock of the Company (from
     Persons other than officers or directors of the Company) in one or more
     open market and/or privately negotiated transactions of up to $85,000,000
     in the aggregate at any time or from time to time on or before March 31,
     2002; provided that any such repurchases not made pursuant to this clause
     (v) on or before March 31, 2002 may not be made at any subsequent time.

          Any Restricted Payment made in accordance with clauses (i) and (iii)
     of this paragraph shall reduce the Basket. In calculating the Basket, any
     Restricted Payment not made in cash and any non-cash amounts received for
     purposes of clause (D) shall be valued at fair market value as determined
     in good faith by the Board of Directors, whose determination shall be
     conclusive and whose resolution with respect thereto shall be delivered to
     the Trustee promptly after the adoption thereof."

     SECTION 1.02 NEW YORK LAW TO GOVERN. THIS SECOND SUPPLEMENTAL INDENTURE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED ENTIRELY WITHIN THE STATE
OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS. EACH OF THE
PARTIES HERETO AGREES TO SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE
OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
SECOND SUPPLEMENTAL INDENTURE.

                                       3
<PAGE>

     SECTION 1.03 EFFECTIVE DATE.  This Second Supplemental Indenture shall be
effective as of the date first above written and upon the execution and delivery
hereof by each of the parties hereto.

     SECTION 1.04 COUNTERPARTS.  This Second Supplemental Indenture may be
executed in any number of counterparts, each of which so executed shall be
deemed to be an original, but all such counterparts shall together constitute
but one and the same instrument.

                                       4
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental
Indenture to be duly executed by their respective officers hereunto duly
authorized, all as of the date first above written.

Dated:  February 27, 2001

                              NVR, INC.

                              By:  _____________________________________________
                                   Name:   Dwight C. Schar
                                   Title:  Chairman of the Board, Chief
                                           Executive Officer and President

                              By:  _____________________________________________
                                   Name:   Paul C. Saville
                                   Title:  Senior Vice President,
                                           Chief Financial Officer and Treasurer

Attest:

Dated:  February 27, 2001

                              THE BANK OF NEW YORK
                              as Trustee

                              By:  _____________________________________________
                                   Name:
                                   Title:

                                       5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}]]