Document:

Agreement and Plan of Reorganization

 Exhibit 10.39 
  
 AGREEMENT AND PLAN OF REORGANIZATION 
  
 By and Between 
  
 HOMEBANC CORP. 
  
 and 
  
 HBMC HOLDINGS, LLC 
  
 Dated as of

  
 June 14, 2004 
  

 AGREEMENT AND PLAN OF REORGANIZATION 
  
 THIS AGREEMENT AND PLAN OF REORGANIZATION (this “Agreement”) is made and entered into as of June 14,
2004 by and between HomeBanc Corp. (“HomeBanc”), a Georgia corporation, and HBMC Holdings, LLC (“HBMC”), a Delaware limited liability company. HBMC and HomeBanc are sometimes referred to herein each as a
“Party” and collectively as the “Parties”. 
  
 WHEREAS, HBMC is the sole shareholder of Abetterwayhome Corp., a Delaware corporation (“Abetterwayhome”); 
  
 WHEREAS, HBMC desires to transfer all of the outstanding shares of Abetterwayhome capital stock owned by HBMC to
HomeBanc in exchange for 6,751,107 shares of HomeBanc common stock; 
  
 WHEREAS, HomeBanc desires to issue 6,751,107 shares of HomeBanc $.01 par value common stock (“HomeBanc Shares”) to HBMC in exchange for all of the outstanding shares of Abetterwayhome $.01 par value common stock
(“Abetterwayhome Shares”) owned by HBMC; 
  
 WHEREAS, the Parties intend for the transactions described herein to qualify as a tax-free reorganization under Section 368(a)(1)(B) of the Internal Revenue Code of 1986, as amended (the “Code”); and 
  
 WHEREAS, the Board of Directors of HomeBanc and the Board of Managers
of HBMC have determined that the transactions described herein are in the best interests of both HomeBanc and HBMC and their respective shareholders; 
  
 NOW, THEREFORE, in consideration of the above and the mutual warranties, representations, covenants, and agreements set forth herein, and other
good and valuable consideration, the receipt and sufficiency of which are acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 
  
 ARTICLE 1 
  
 SHARE EXCHANGE 
 1.1 Terms of the Share Exchange. 
  
 (a) Upon the terms and subject to the conditions of this Agreement, HBMC does
hereby transfer, assign and deliver to HomeBanc, as of the Effective Time, and HomeBanc does hereby accept from HBMC, 1,000 Abetterwayhome Shares, which constitutes all of the issued and outstanding capital stock of Abetterwayhome in exchange for
the issuance and delivery to HBMC of a certificate for 6,751,107 HomeBanc Shares (the “Share Exchange”). 
  
 (b) HBMC, as of the Effective Time, hereby conveys to HomeBanc good, valid and marketable title to the Abetterwayhome Shares free and clear of any and all
liens, encumbrances, liabilities, obligations, restrictions (other than applicable securities laws restrictions) or rights of 
  

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 others of any character whatsoever. On the date specified in Section 1.2 below, HBMC shall deliver to HomeBanc
certificates evidencing the Abetterwayhome Shares registered in the name of HBMC, duly endorsed to HomeBanc on the reverse thereof or accompanied by a duly executed stock power. 
  
 (c) HomeBanc, as of the Effective time, does hereby convey to HBMC good, valid and marketable title to the HomeBanc Shares
free and clear of any and all liens, encumbrances, liabilities, obligations, restrictions (other than applicable securities laws restrictions) or rights of others of any character whatsoever. On the date specified in Section 1.2 below, HomeBanc
shall deliver to HBMC a stock certificate evidencing the HomeBanc Shares registered in the name of HBMC. 
  
 1.2 Effective Time; Time and Place of Closing. 
  
 (a) The Share Exchange shall become effective at 11:59 P.M. (EST) on the day specified by the Parties and otherwise at 11:59 P.M. Eastern Time on the day immediately preceding the day HomeBanc’s initial public
offering is priced (the “Effective Time”). The delivery of certificates contemplated by this Agreement will take place on the day immediately following the Effective Time at HomeBanc’s principal offices in Atlanta, Georgia or
other location as may be mutually agreed upon by the Parties. 
  
 1.3 Charters,
Other Governing Documents and Directors and Officers. 
  
 (a)
The charters and other governing documents of each of HomeBanc, HBMC and Abetterwayhome in effect immediately prior to the Effective Time are not amended hereby and shall remain in effect after the Effective Time until duly amended or
repealed. 
  
 (b) The officers and directors of HomeBanc,
HBMC and Abetterwayhome in office immediately prior to the Effective Time, together with such additional persons as may thereafter be elected, shall continue to serve as the directors and officers of such entities from and after the Effective Time.
 
  
 ARTICLE 2 
  
 REPRESENTATIONS AND WARRANTIES OF HBMC 
  
 HBMC hereby represents and warrants to HomeBanc as follows: 
  
 2.1 Organization, Standing, and Power. 
  
 (a) HBMC is a limited liability company duly organized, validly existing, and
in good standing under the laws of the State of Delaware, and has the LLC power and authority to carry on its business as now conducted and to own, lease and operate its assets. 
  
 (b) Abetterwayhome is a corporation duly organized, validly existing, and in good standing under the laws of the State of
Delaware, and has the corporate power and authority to carry on its business as now conducted and to own, lease and operate its assets. 
  

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 Abetterwayhome is duly qualified or licensed to transact business as a foreign corporation in good standing in the states
of the United States where the character of its assets or the nature or conduct of its business requires it to be so qualified or licensed. 
  
 2.2 Authority of HBMC; No Breach By Agreement. 
  
 (a) HBMC has the LLC power and authority necessary to execute and deliver this Agreement and to perform its obligations under this Agreement and to
consummate the transactions contemplated hereby. The execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated herein, including the Share Exchange, have been duly and validly authorized by all
necessary LLC action in respect thereof on the part of HBMC. This Agreement represents a legal, valid, and binding obligation of HBMC, enforceable against HBMC in accordance with its terms. 
  
 (b) Neither the execution and delivery of this Agreement by HBMC, nor the
consummation by HBMC of the transactions contemplated hereby, will (i) conflict with or result in a breach of any provision of HBMC’s Certificate of Formation or Amended and Restated Limited Liability Company Agreement or the Certificate of
Incorporation or Bylaws of Abetterwayhome or (ii) constitute or result in a default under, or require any consent pursuant to, any law, rule, regulation or order applicable to HBMC or Abetterwayhome or any of their respective material assets.

  
 2.3 Capital Stock. 
  
 HBMC is the record and beneficial owner of all right, title and interest
(legal and beneficial) in and to all issued and outstanding Abetterwayhome Shares, free and clear of all liens and encumbrances, except for restrictions on resale pursuant to applicable state and federal securities laws. Upon the Effective Time,
good, valid and marketable title to all issued and outstanding Abetterwayhome Shares, free and clear of all liens, encumbrances, equities or claims, will be transferred to and held by HomeBanc. 
  
 ARTICLE 3 
  
 REPRESENTATIONS AND WARRANTIES OF HOMEBANC 
  
 HomeBanc hereby represents and warrants to HBMC as follows: 
  
 3.1 Organization, Standing, and Power. 
  
 HomeBanc is a corporation duly organized, validly existing, and in good standing under the laws of the State of Georgia, and has the corporate power and
authority to carry on its business as now conducted and to own, lease and operate its assets. HomeBanc is duly qualified or licensed to transact business as a foreign corporation in good standing in the states of the United States where the
character of its assets or the nature or conduct of its business requires it to be so qualified or licensed. 
  

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 3.2 Authority of HomeBanc; No Breach By Agreement. 
  
 (a) HomeBanc has the corporate power and authority necessary to execute and deliver this Agreement and to perform its
obligations under this Agreement and to consummate the transactions contemplated hereby. The execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated herein, including the Share Exchange, have been
duly and validly authorized by all necessary corporate action in respect thereof on the part of HomeBanc. This Agreement represents a legal, valid, and binding obligation of HomeBanc enforceable against HomeBanc in accordance with its terms.

  
 (b) Neither the execution and delivery of this Agreement by
HomeBanc, nor the consummation by HomeBanc of the transactions contemplated hereby, will (i) conflict with or result in a breach of any provision of the Articles of Incorporation or Bylaws of HomeBanc or (ii) constitute or result in a default under,
or require any consent pursuant to, any law, rule, regulation or order applicable to HomeBanc or any of its material assets. 
  
 ARTICLE 4 
  
 UNITED STATES INCOME TAX TREATMENT 
  
 4.1 United States Income Tax Treatment. 
  
 For all United States income tax purposes, the Parties intend for the Share Exchange to qualify as a tax-free reorganization under Section 368(a)(1)(B) of the Code. The Parties shall report the Share Exchange for all
United States income tax purposes consistent therewith, and shall not take any position inconsistent with this Section 4.1 in the course of any tax audit, tax review or tax litigation matter relating hereto. 
  
 ARTICLE 5 
  
 TERMINATION 
  
 5.1 Termination. 
  
 Notwithstanding any other provision of this Agreement, this Agreement may be terminated and the Share Exchange abandoned at any time prior to the
Effective Time: (a) by the mutual written agreement of HBMC and HomeBanc; or (b) by either Party (provided that the terminating Party is not then in material breach of any representation, warranty, covenant, or other agreement contained in this
Agreement) if the other Party is in material breach of a representation, warranty or covenant contained herein that cannot be cured prior to the Effective Time. In the event of the termination and abandonment of this Agreement pursuant to this
Section 5.1, this Agreement shall become void in its entirety and have no effect and neither party shall have any liability to any other Party hereunder. 
  

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 ARTICLE 6 
  

MISCELLANEOUS 
  
 6.1 Entire Agreement. 
  
 This Agreement constitutes the entire agreement between the Parties with respect to the Share Exchange and the transactions contemplated hereunder and
supersedes all prior arrangements or understandings with respect thereto, written or oral. Nothing in this Agreement expressed or implied, is intended to confer upon any person or entity, whether as third party beneficiaries or otherwise, other than
the Parties or their respective successors, any rights, remedies, obligations, or liabilities under or by reason of this Agreement. 
  
 6.2 Amendments and Waivers. 
  
 (a) To the extent permitted by applicable law, this Agreement may be amended by a subsequent writing signed by each of the Parties. Prior to or at the
Effective Time, each Party (which may act through its chief executive officer or other authorized officer except with respect to modifying Section 1.1) shall have the right to amend this Agreement or to waive any provision hereof and any default or
breach in the performance of any term or condition of this Agreement by the other Party. No waiver in one or more instances shall be deemed to be or construed as a waiver of any other condition or of the breach of any other term of this Agreement or
a waiver for any period, except as expressly stated in such waiver. 
  
 6.3
Assignment. 
  
 Except as expressly contemplated hereby,
neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any Party hereto without the prior written consent of the other Party. 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. 
  
 6.4 Governing Law. 
  
 Regardless of any conflict of law or choice of law principles that might otherwise apply, the Parties agree that this Agreement shall be governed by and construed in all respects in accordance with the laws of the State of Delaware.

  
 6.5 Payment of Expenses. 
  
 Each Party will pay its own expenses, if any, incurred in connection with the
Share Exchange. 
  
 6.6 Counterparts. 
  
 This Agreement may be executed in two or more counterparts, each of which
shall be deemed to be an original, but all of which together shall constitute one and the same instrument. 
  

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 6.7 Captions; Articles and Sections. 
  
 The captions, headings and section references contained in this Agreement are for convenience of reference only and are not
to be considered in interpreting the provisions of this Agreement. Unless otherwise indicated, all references to particular Articles or Sections shall mean and refer to the referenced Articles and Sections of this Agreement. 
  
 6.8 Severability. 
  
 Any term or provision of this Agreement which is invalid or unenforceable, shall be ineffective to the extent of such
invalidity or unenforceability without rendering invalid or unenforceable this Agreement or any of its remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement.

  
  
 [ Signatures on following page ] 
  

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 IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed on its behalf by
its duly authorized officers as of the day and year first above written. 
  

			
	HOMEBANC CORP.
		
	By:	 	/s/ Steven R. McClellan
	 	 	 Name: Steven R. McClellan
 Title: Chief Financial
Officer

  
  
  

			
	HBMC HOLDINGS, LLC
		
	By:	 	/s/ Steven R. McClellan
	 	 	 Name: Steven R. McClellan
 Title: Chief Financial
Officer

  

 8Registration Agreement

 Exhibit 10.40 
  
 REGISTRATION AGREEMENT 
  
 THIS REGISTRATION AGREEMENT (this “Agreement”) is made as of June 14, 2004, by and among (i) HomeBanc Corp., a Georgia corporation (the
“Company”), (ii) GTCR Fund VII, L.P., a Delaware limited partnership (“Fund VII”), GTCR Co-Invest, L.P., a Delaware limited partnership (“Co-Invest L.P.”), and any other investment fund managed by
GTCR Golder Rauner, L.L.C. (“Manager”) that at any time holds Registrable Securities (as defined herein) acquired from Fund VII or Co-Invest L.P. and executes a counterpart of this Agreement or otherwise agrees to be bound by this
Agreement (each, an “Investor” and collectively, the “Investors”, and each as set forth on the attached “Schedule of Holders” under the heading “Investors”). Unless otherwise
provided in this Agreement, capitalized terms used herein shall have the meanings set forth in Section 6 hereof. 
  
 The parties hereto agree as follows: 
  
 1. Piggyback Registrations. 
  
 (a) Right to Piggyback. Whenever the Company proposes to register any of its securities (including any proposed registration of the Company’s
securities by any third party) under the Securities Act (other than the initial public offering of the Company’s securities or in connection with registrations on form S-4, S-8 or any successor or similar forms or on form S-3 in connection with
a dividend reinvestment and/or direct investment plan, any employment benefit plan or the exercise or conversion by employees or lenders of options, warrants or similar rights) and the registration form to be used may be used for the registration of
Registrable Securities (a “Piggyback Registration”), the Company shall give prompt written notice (and in any event within three business days after its receipt of notice of any exercise of demand registration rights other than
under this Agreement) to all holders of Registrable Securities of its intention to effect such a registration and shall include in such registration all Registrable Securities with respect to which the Company has received written requests from the
Investors for inclusion therein within 20 days after the Investors’ receipt of the Company’s notice. 
  
 (b) Piggyback Expenses. The Company shall pay all Registration Expenses in connection with Piggyback Registrations. 
  
 (c) Priority on Primary Registrations. If a Piggyback Registration is
an underwritten primary registration on behalf of the Company, and the managing underwriters advise the Company in writing that, in their opinion, the number of securities requested to be included in such registration exceeds the number which can be
sold in an orderly manner in such offering within a price range acceptable to the Company, then the Company shall include in such registration (i) first, the securities the Company proposes to sell, (ii) second, the Registrable Securities requested
to be included in such registration, pro rata among the Investors on the basis of the number of Registrable Securities owned by each such Investor and (iii) third, the other securities requested to be included in such registration. 
  
 (d) Priority on Secondary Registrations. If a Piggyback Registration
is an underwritten secondary registration on behalf of holders of the Company’s securities other than the Investors, and the managing underwriters advise the Company in writing that, in their 
  

 opinion, the number of securities requested to be included in such registration exceeds the number which can be sold in
an orderly manner in such offering within a price range acceptable to the holders of a majority of the securities to be included in such registration, then the Company shall include in such registration (i) first, the securities requested to be
included therein by the holders requesting such registration, (ii) second, the Registrable Securities requested to be included in such registration, pro rata among the Investors on the basis of the number of Registrable Securities owned by each such
Investor and (iii) third, the other securities requested to be included in such registration. 
  
 2. Registration Procedures. Whenever the holders of Registrable Securities have requested that any Registrable Securities be registered pursuant to this Agreement, the Company shall use its commercially
reasonable efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of disposition thereof, and pursuant thereto the Company shall as expeditiously as possible: 
  
 (a) notify in writing the Manager of the effectiveness of each registration
statement filed hereunder and prepare and file with the Securities and Exchange Commission 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 for a period of not less than 90 days (or, if such registration statement relates to an underwritten offering, such shorter period as in the opinion of counsel for the Company a prospectus is required by law to be delivered in
connection with sales of Registrable Securities by an underwriter or dealer) and comply with the provisions of the Securities 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 sellers thereof set forth in such registration statement; 
  
 (b) furnish to each seller of Registrable Securities such number of copies of such registration statement, each amendment and supplement thereto, the
prospectus included in such registration statement (including each preliminary prospectus), and such other documents as such seller may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such seller;

  
 (c) use commercially reasonable efforts to register, qualify,
or exempt such Registrable Securities under such other securities or blue sky laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable such seller
of Registrable Securities to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller of Registrable Securities (provided that the Company shall not be required to (i) qualify generally to do business in
any jurisdiction where it would not otherwise be required to qualify but for this Section 2(c), (ii) subject itself to taxation in any such jurisdiction, or (iii) consent to general service of process in any such jurisdiction); 
  
 (d) promptly notify in writing each seller of such Registrable Securities, at
any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included in such registration statement contains an untrue statement of a material
fact or omits any fact necessary to make the 
  

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 statements therein not misleading in light of the circumstances under which they were made, whereupon no selling
shareholder shall use such prospectus, and, at the request of the Manager, the Company shall promptly prepare and furnish to each such seller a reasonable number of copies of a supplement or amendment to such prospectus so that, as thereafter
delivered to the purchasers of such Registrable Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any fact necessary to make the statements therein not misleading in light of the circumstances
under which they were made; 
  
 (e) cause all such Registrable
Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed and, if not so listed, to be listed on the NASD automated quotation system and, if listed on the NASD automated quotation system,
use its commercially reasonable efforts to secure designation of all such Registrable Securities covered by such registration statement as a NASDAQ “national market system security” within the meaning of Rule 11Aa2-1 of the Securities and
Exchange Commission (to the extent the Company and its securities meet the qualifications thereto) or, failing that, to secure NASDAQ authorization for such Registrable Securities; and 
  
 (f) provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such
registration statement. 
  
 3. Registration Expenses.

  
 (a) Subject to Section 3(b) below, all expenses
incident to the Company’s performance of or compliance with this Agreement, including all registration and filing fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, travel expenses, filing expenses,
messenger and delivery expenses, fees and disbursements of custodians, and fees and disbursements of counsel for the Company, and fees and disbursements of all independent certified public accountants, underwriters including, if necessary, a
“qualified independent underwriter” within the meaning of the rules of the National Association of Securities Dealers, Inc. (in each case, excluding discounts and commissions), and other Persons retained by the Company or by holders of
Registrable Securities or their affiliates on behalf of the Company (all such expenses being herein called “Registration Expenses”), shall be borne as provided in this Agreement, except that the Company shall, in any event, pay its
internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review, the expense of any liability insurance, and the expenses and fees for
listing the securities to be registered on each securities exchange on which similar securities issued by the Company are then listed or on the NASD automated quotation system (or any successor or similar system). 
  
 (b) In connection with each Piggyback Registration, the Company shall
reimburse the holders of Registrable Securities included in such registration for the reasonable fees and disbursements of one counsel chosen by the holders of a majority of the Registrable Securities included in such registration. 
  
 (c) To the extent Registration Expenses are not required to be paid by the
Company, each holder of securities included in any registration statement hereunder shall pay those Registration Expenses allocable to the registration of such holder’s securities so included, 
  

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 and any Registration Expenses not so allocable, including such holder’s pro rata share of any underwriting costs and
fees, shall be borne by all sellers of securities included in such registration in proportion to the aggregate selling price of the securities to be so registered. 
  
 4. Indemnification. 
  
 (a) The Company agrees to indemnify and hold harmless, to the fullest extent permitted by law, each holder of Registrable Securities, its officers,
directors, agents, and employees, and each Person who controls such holder (within the meaning of the Securities Act) against all losses, claims, demands, damages, liabilities, and expenses (or actions, investigations or proceedings, whether
commenced or threatened, in respect thereof), whether joint and several or several, together with reasonable costs and expenses (including reasonable attorneys’ fees) to which any such indemnified party may become subject under the Securities
Act or otherwise (collectively, “Losses”) caused by, resulting from, arising out of, based upon, or relating to any untrue or alleged untrue statement of material fact contained in (i) (A) any registration statement, prospectus or
preliminary prospectus, or any amendment thereof or supplement thereto or (B) any application or other document or communication (in this Section 4, collectively called an “application”) executed by or on behalf of the
Company or based upon written information furnished by or on behalf of the Company filed in any jurisdiction in order to qualify any securities covered by such registration under the “blue sky” or securities laws thereof or (ii) any
omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, and the Company will reimburse such holder and each such director, officer, and controlling Person for any
legal or any other expenses incurred by them in connection with investigating, defending or settling any such Losses; provided that the Company shall not be liable in any such case to the extent that any such Losses result from, arise out of, are
based upon, or relate to an untrue statement or alleged untrue statement, or omission or alleged omission, made in such registration statement, any such prospectus, or preliminary prospectus or any amendment or supplement thereto, or in any
application, in reliance upon, and in conformity with, written information prepared and furnished in writing to the Company or the underwriters by such holder expressly for use therein or by such holder’s failure to deliver a copy of the
registration statement or prospectus or any amendments or supplements thereto after the Company has furnished such holder with a sufficient number of copies of the same. In connection with an underwritten offering, the Company shall indemnify such
underwriters, their officers, employees and directors, and each Person who controls such underwriters (within the meaning of the Securities Act or the Securities Exchange Act) to the same extent as provided above with respect to the indemnification
of the holders of Registrable Securities. 
  
 (b) In connection
with any registration statement in which a holder of Registrable Securities is participating, each such holder will furnish to the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any
such registration statement or prospectus and, to the fullest extent permitted by law, shall indemnify and hold harmless the other holders of Registrable Securities and the Company, and their respective officers, directors, agents, and employees,
and each other Person who controls the Company (within the meaning of the Securities Act or the Securities Exchange Act) against any Losses caused by, resulting from, arising out of, based upon, or relating to (i) any untrue or alleged untrue
statement of material fact contained in the registration statement, prospectus or preliminary prospectus, or any amendment thereof or supplement thereto or in any application, 
  

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 or (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the
statements therein not misleading, but only to the extent that such untrue statement or omission is made in such registration statement, any such prospectus or preliminary prospectus or any amendment or supplement thereto, or in any application in
reliance upon and in conformity with written information prepared and furnished to the Company by such holder expressly for use therein, and such holder will reimburse the Company and each such other indemnified party for any legal or any other
expenses incurred by them in connection with investigating, defending or settling any such Losses; provided that the obligation to indemnify will be individual, not joint and several, for each holder and shall be limited to the net amount of
proceeds received by such holder from the sale of Registrable Securities pursuant to such registration statement. 
  
 (c) Any Person entitled to indemnification hereunder will (i) give prompt written notice to the indemnifying party of any claim with respect to which it
seeks indemnification (provided that the failure to give prompt notice shall not impair any Person’s right to indemnification hereunder to the extent such failure has not prejudiced the indemnifying party) and (ii) unless in such indemnified
party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory
to the indemnified party. If such defense is assumed, then the indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld);
provided, such settlement irrevocably and unconditionally releases the indemnifying party from all claims and Losses related to, resulting from or giving rise to such claims or Losses covered by such settlement. An indemnifying party who is not
entitled to, or elects not to, assume the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable
judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. 
  
 (d) The indemnification provided for under this Agreement shall be in addition to any other rights to indemnification or
contribution which any indemnified party may have pursuant to law or contract, and will remain in full force and effect regardless of any investigation made or omitted by or on behalf of the indemnified party or any officer, director, or controlling
Person of such indemnified party and shall survive the transfer of securities. 
  
 (e) If the indemnification provided for in this Section 4 is unavailable to or is insufficient to hold harmless an indemnified party under the provisions above in respect to any Losses referred to therein, then
each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such Losses (i) in such proportion as is appropriate to reflect the relative fault of the Company on the one hand and the sellers of
Registrable Securities and any other sellers participating in the registration statement on the other hand or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, then in such proportion as is appropriate to
reflect not only the relative fault referred to in clause (i) above but also the relative benefit of the Company on the one hand and of the sellers of Registrable Securities and any other sellers participating in the registration statement on
the other in connection with the registration statement on the other in connection with the statement or 
  

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 omissions which resulted in such Losses, as well as any other relevant equitable considerations. The relative benefits
received by the Company on the one hand and the sellers of Registrable Securities and any other sellers participating in the registration statement on the other shall be deemed to be in the same proportion as the total net proceeds from the offering
(before deducting expenses) to the Company bear to the total net proceeds from the offering (before deducting expenses) to the sellers of Registrable Securities and any other sellers participating in the registration statement. The relative fault of
the Company on the one hand and of the sellers of Registrable Securities and any other sellers participating in the registration statement on the other shall be determined by reference to, among other things, whether the untrue or alleged omission
to state a material fact relates to information supplied by the Company or by the sellers of Registrable Securities or other sellers participating in the registration statement and the parties’ relative intent, knowledge, access to information,
and opportunity to correct or prevent such statement or omission. 
  
 (f) The Company and the sellers of Registrable Securities agree that it would not be just and equitable if contribution pursuant to this Section 4 were determined by pro rata allocation (even if the sellers of Registrable Securities
were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in Section 4(e) above. The amount paid or payable by an indemnified party as a result of
the Losses referred to in Section 4(e) above shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating, defending or
settling any such action or claim. Notwithstanding the provisions of this Section 4, no seller of Registrable Securities shall be required to contribute pursuant to this Section 4 any amount in excess of the sum of (i) any amounts paid
pursuant to Section 4(b) above and (ii) the net proceeds received by such seller from the sale of Registrable Securities covered by the registration statement filed pursuant hereto. 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. 
  
 5. Participation in Underwritten Registrations. 
  
 (a) No Investor may participate in any underwritten registration hereunder unless such Investor (i) agrees to sell such Investor’s securities on the
basis provided in any underwriting arrangements approved by the Company (including pursuant to the terms of any over-allotment or “green shoe” option requested by the managing underwriter(s), provided that no Investor will be required to
sell more than the number of Registrable Securities that such Investor has requested the Company to include in any registration) and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting and lock-up
agreements, and other documents reasonably required under the terms of such underwriting arrangements; provided that no Investor included in any underwritten registration shall be required to make any representations or warranties to the Company or
the underwriters (other than representations and warranties regarding such Investor and such Investor’s intended method of distribution) or to undertake any indemnification obligations to the Company or the underwriters with respect thereto,
except as otherwise provided herein. 
  

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 (b) Each Investor that is participating in any registration hereunder agrees that, upon receipt of any
notice from the Company of the happening of any event of the kind described in Section 2(d) above, such Investor will immediately discontinue the disposition of its Registrable Securities pursuant to the registration statement until such
Person’s receipt of the copies of a supplemented or amended prospectus as contemplated by Section 2(d). 
  
 6. Definitions. 
  
 (a) “Registrable Securities” means (i) any common equity securities of the Company issued or issuable to the Investors in respect of
their holdings of HBMC Holdings, LLC, which common equity securities were conveyed to HBMC Holdings, LLC in connection with the Company’s reorganization pursuant to the Agreement and Plan of Reorganization, dated as of June 14, 2004’; and
(ii) common equity securities of the Company issued or issuable with respect to the securities referred to in clause (i) above by way of dividend, distribution, split or combination of securities, or any recapitalization, merger,
consolidation or other reorganization. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when they (i) have been distributed to the public pursuant to an offering registered under the Securities
Act or sold to the public through a broker, dealer, or market maker in compliance with Rule 144 under the Securities Act (or any similar rule then in force), (ii) unless the respective Investor otherwise elects, have been distributed to the limited
partners of any of the Investors, (iii) have been effectively registered under a registration statement including, without limitation, a registration statement on Form S-3, Form S-4 or Form S-8 (or any successor or similar form), or (iv) have been
repurchased by the Company. For purposes of this Agreement, an Investor shall be deemed to be a holder of Registrable Securities whenever such Investor has the right to acquire such Registrable Securities (upon conversion or exercise in connection
with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been effected. 
  
 (b) “Securities Act” means the Securities Act of 1933, as amended, or any successor federal law then in
force, together with all rules and regulations promulgated thereunder. 
  
 (c) “Securities Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor federal law then in force, together with all rules and regulations promulgated thereunder. 
  
 7. Miscellaneous. 
  
 (a) No Inconsistent Agreements. The Company will not hereafter enter
into any agreement with respect to its securities which is inconsistent with or violates the rights granted to the holders of Registrable Securities in this Agreement. 
  
 (b) Adjustments Affecting Registrable Securities. The Company shall not take any action, or permit any change to
occur, with respect to its securities which would adversely affect the ability of the holders of Registrable Securities to include such Registrable Securities in a registration undertaken pursuant to this Agreement or which would adversely affect
the 
  

 7 

 marketability of such Registrable Securities in any such registration (including effecting a stock split or a combination
of stock). 
  
 (c) Termination. No holder of Registrable
Securities shall be entitled to exercise any rights provided herein after the earlier to occur of (i) the date upon which such holder has registered or sold all of such holder’s Registrable Securities, (ii) the date upon which Fund VII and/or
Co-Invest L.P. would have been able to sell all their respective Registrable Securities (had they continued to hold all of their Registrable Securities) in any 90-day period in compliance with Rule 144 (other than Rule 144 (k)) and (iii) the date
upon which such holder is able to sell all Registrable Securities owned by such holder to the public in any 90-day period in compliance with Rule 144 (other than Rule 144(k)) under the Securities Act (or any similar rule then in force). 

 
 (d) Remedies. Any party to this Agreement having rights under any
provision of this Agreement shall be entitled to enforce such rights specifically to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law. The parties hereto agree and
acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or
other security) for specific performance and for other injunctive relief in order to enforce or prevent violation of the provisions of this Agreement. Nothing contained in this Agreement shall be construed to confer upon any Person who is not a
signatory hereto any rights or benefits, whether as a third-party beneficiary or otherwise. 
  
 (e) Amendments and Waivers. Except as otherwise provided herein, no modification, amendment, or waiver of any provision of this Agreement shall be effective against the Company or the holders of Registrable
Securities unless such modification, amendment, or waiver is approved in writing by the Company and holders of at least a majority of the Registrable Securities then in existence. No failure by any party to insist upon the strict performance of any
covenant, duty, agreement, or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute a waiver of any such breach or any other covenant, duty, agreement, or condition. 
  
 (f) Successors and Assigns. All covenants and agreements in this
Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not. In addition, whether or not any express assignment has been made,
the provisions of this Agreement which are for the benefit of purchasers or holders of Registrable Securities are also for the benefit of, and enforceable by, any subsequent holder of Registrable Securities. Notwithstanding the foregoing, in order
to obtain the benefit of this Agreement, any subsequent holder of Registrable Securities must execute a counterpart to this Agreement, thereby agreeing to be bound the terms hereof. Nothing contained in this Section 7, however, shall be deemed to
extend this Agreement beyond the period specified in Section 7(c). 
  
 (g) Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or
invalid under applicable law, such provision 
  

 8 

 shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this
Agreement. 
  
 (h) Counterparts. This Agreement may be
executed simultaneously in two or more counterparts (including by means of telecopied signature pages), any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the
same Agreement. 
  
 (i) Descriptive Headings. The
descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine,
feminine, or neuter forms, and the singular form of nouns, pronouns, and verbs shall include the plural and visa versa. The use of the word “including” in this Agreement shall be, in each case, by way of example and without limitation. The
use of the words “or,” “either,” and “any” shall not be exclusive. Reference to any agreement, document, or instrument means such agreement, document, or instrument as amended or otherwise modified from time to time in
accordance with the terms thereof, and if applicable hereof. 
  
 (j) Governing Law. The law of the State of Delaware shall govern all issues and questions concerning the relative rights of the Company and the Investors. All other issues and questions concerning the construction, validity,
interpretation, and enforcement of this Agreement and the exhibits and schedules hereto shall be governed by, and construed in accordance with, the laws of the State of Illinois, without giving effect to any choice of law or conflict of law rules or
provisions (whether of the State of Illinois or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Illinois. 
  
 (k) Notices. All notices, demands, or other communications to be given or delivered under or by reason of the
provisions of this Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient, sent to the recipient by reputable overnight courier service (charges prepaid), sent to the recipient by facsimile,
or mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid. Such notices, demands, and other communications shall be sent to each Investor at the addresses indicated on the Schedule of Holders and to the
Company at the address of its corporate headquarters or to such other address or to the attention of such other person as the recipient party has specified by prior written notice to the sending party. 
  
 (l) No Strict Construction. The parties hereto have participated
jointly in the negotiation and drafting to this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof
shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
  
 * * * * * 
  

 9 

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

			
	HOMEBANC CORP.
		
	By:	 	/s/ Patrick S. Flood
	  
 Its:
	 	 Patrick S. Flood
 Chief Executive
Officer

  
  

			
	GTCR FUND VII, L.P.
		
	By:	 	GTCR Partners VI, L.P.
	 Its:
	 	General Partner
	 By:
	 	GTCR Golder Rauner, L.L.C.
	 Its:
	 	General Partner
		
	By:	 	/s/ Edgar D. Jannotta, Jr.
	 Name:
	 	Edgar D. Jannotta, Jr.
	 Its:
	 	Principal

  

			
	GTCR CO-INVEST, L.P.
		
	By:	 	GTCR Golder Rauner, L.L.C.
	 Its:
	 	General Partner
		
	By:	 	/s/ Edgar D. Jannotta, Jr.
	 Name:
	 	Edgar D. Jannotta, Jr.
	 Its:
	 	Principal

  
  
  

 10 

 SCHEDULE OF HOLDERS 
  
 GTCR FUND VII, L.P. 
 GTCR CO-INVEST, L.P.

  
 6100 Sears Tower 
 Chicago, IL 60606-6402 
 Attention: Edgar D. Jannotta, Jr.

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