Document:

EX-10.8

 Exhibit 10.8 

INDEMNIFICATION AGREEMENT 

THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made as of July 8, 2013 by and between LGI Homes, Inc., a Delaware
corporation (the “Company”), and                     , a director and/or officer of the Company (the “Indemnitee”). 

WHEREAS, the Company has concluded that to retain and attract talented and experienced individuals to serve as directors and officers
of the Company, it is necessary for the Company to contractually indemnify officers and directors and to assume for itself maximum liability for expenses and damages in connection with claims against such directors and officers in connection with
their service to the Company; 
 WHEREAS, Section 145 of the Delaware General Corporation Law (the “DGCL”),
under which the Company is organized, empowers the Company to indemnify by agreement its officers, directors, employees and agents, and persons who serve, at the request of the Company, as directors, officers, employees or agents of other
corporations or enterprises, and expressly provide that the indemnification provided by the DGCL is not exclusive; 
 WHEREAS,
the Company’s Certificate of Incorporation (the “Certificate of Incorporation”) and the Company’s Bylaws (the “Bylaws”) authorize the Company to provide indemnification and to advance expenses to the fullest extent
permitted by Delaware law; 
 WHEREAS, Indemnitee is currently serving as a[n] [director][and][officer] of the Company and the
Company wishes Indemnitee to continue his service in such capacity without concern of unwarranted personal liability arising out of or related to such services to the Company; 

WHEREAS, the Company wishes to provide Indemnitee with an independent contractual right to indemnification and advancement of expenses
in addition to those rights provided by the DGCL, the Certificate of Incorporation and the Bylaws; 
 NOW, THEREFORE, the
Company and Indemnitee, intending to be legally bound, hereby agree as follows: 
 1. Indemnification in Third Party
Proceedings. The Company shall indemnify, defend, and hold harmless Indemnitee from and against, and shall compensate and reimburse Indemnitee for, any Damages (as defined below) that are directly or indirectly suffered or incurred by Indemnitee
as a result of, or are directly or indirectly connected with, any threatened, pending or completed action, suit or proceeding (other than an action, suit or proceeding by or in the right of the Company to procure a judgment in its favor), whether
civil, criminal, administrative or investigative (a “Proceeding”), to which Indemnitee is or was a party, or is threatened to be made a party, by reason of, or arising from, the fact that Indemnitee is or was an officer of the Company or
any of its subsidiaries or a member of the boards of directors of the Company or any of its subsidiaries (collectively, the “Company’s Board”), by reason of any action or inaction on the part of Indemnitee in his role as an officer of
the Company or any of its subsidiaries or member of the Company’s Board, or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of 

 
the Company or of another corporation, partnership, joint venture, trust or other enterprise, provided, however, that the Company shall not be obligated to indemnify Indemnitee
under this Section 1 unless Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal Proceeding, Indemnitee had no reasonable
cause to believe Indemnitee’s conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not, of itself, create a presumption that
(i) Indemnitee did not act in good faith, (ii) Indemnitee did not act in a manner which Indemnitee reasonably believed to be in the best interests of the Company, or (iii) with respect to any criminal Proceeding, Indemnitee had
reasonable cause to believe that Indemnitee’s conduct was unlawful. Anyone seeking to overcome the presumption that Indemnitee is entitled to indemnification under this Section 1 shall have the burden of proof and the burden of persuasion
by clear and convincing evidence. “Damages” shall mean any Expenses (as defined below), judgments, fines or amounts paid in settlement actually and reasonably incurred by Indemnitee or on his behalf in connection with a Proceeding.
“Expenses” shall mean any direct and indirect costs and expenses actually and reasonably incurred by Indemnitee or on his behalf in connection with the investigation, defense or appeal of a Proceeding, including any fee (including any
legal fee, expert fee, accounting fee or advisory fee), charge, cost (including any cost of investigation) or expense of any nature, but shall not include the amount of any judgments, fines or amounts paid in settlement of any Proceeding. 

2. Indemnification in Proceedings by or in the Right of the Company. The Company shall indemnify, defend, and hold harmless
Indemnitee from and against, and shall compensate and reimburse Indemnitee for, any Expenses and, to the extent permitted by law, amounts paid in settlement that are directly or indirectly suffered or incurred by Indemnitee as a result of, or are
directly or indirectly connected with, any threatened, pending or completed Proceeding by or in the right of the Company to procure a judgment in its favor, to which Indemnitee is or was a party, or is threatened to be made a party, by reason of, or
arising from, the fact that Indemnitee is or was an officer of the Company or any of its subsidiaries or a member of the Company’s Board, by reason of any action or inaction on the part of Indemnitee in his role as an officer of the Company or
any of its subsidiaries or a member of the Company’s Board or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of the Company or of another corporation,
partnership, joint venture, trust or other enterprise, provided, however, that the Company shall not be obligated to indemnify Indemnitee under this Section 2: (1) unless Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; or (2) for any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Company by a court of competent jurisdiction
due to willful misconduct of a culpable nature in the performance of his duty to the Company, unless and only to the extent that the court in which such Proceeding is or was pending shall determine upon application that, despite the adjudication of
such liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for Expenses and then only to the extent that the court shall determine. The termination of any Proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not, of itself, create a presumption that (i) Indemnitee did not act in good faith, or (ii) Indemnitee did not act in a manner which
Indemnitee reasonably believed to be in the best interests of the Company. Anyone seeking to overcome the presumption that Indemnitee is entitled to indemnification under this Section 2 shall have the burden of proof and the burden of
persuasion by clear and convincing evidence. 

  
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 3. Expenses; Indemnification Procedure. 

(a) Advancement of Expenses. The Company shall advance all Expenses incurred by Indemnitee in connection with the investigation,
defense, settlement or appeal of any Proceeding referenced in Sections 1 or 2 hereof (but not amounts actually paid in settlement of any such Proceeding). Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent
that, it shall ultimately be determined such Expenses were not reasonable or that Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement, the Certificate of Incorporation or Bylaws of the Company, the DGCL
or otherwise. The advances to be made hereunder shall be paid by the Company to Indemnitee within ten (10) days following delivery of a written statement therefor by Indemnitee to the Company. Such statement or statements shall reasonably
evidence the Expenses incurred by Indemnitee. Any advances and undertakings to repay pursuant to this Section 3(a) shall be made without regard to the financial ability of Indemnitee to make repayment and shall be unsecured and interest free.

 (b) Witness Expenses. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of, or
arising from, the fact that Indemnitee is or was an officer of the Company or a member of the Company’s Board, a witness in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all expenses actually and reasonably
incurred by him or on his behalf in connection therewith. 
 (c) Notice/Cooperation by Indemnitee. Indemnitee shall give the Company
notice in writing as soon as practicable of the commencement of, or the threat of commencement of, any claim made against Indemnitee for which indemnification will or could be sought under this Agreement. Notice to the Company shall be directed to
the President of the Company at the address shown on the signature page of this Agreement (or such other address as the Company shall designate in writing to Indemnitee). In addition, Indemnitee shall give the Company such information and
cooperation as it may reasonably require and as shall be within Indemnitee’s power. 
 (d) Procedure. Any indemnification
provided for in Sections 1 or 2 shall be made no later than thirty (30) days after receipt of the written request of Indemnitee. If a claim under this Agreement, under any statute, or under any provision of the Company’s Certificate
of Incorporation or Bylaws providing for indemnification, is not paid in full by the Company within thirty (30) days after a written request for payment thereof has first been received by the Company, Indemnitee may, but need not, at any time
thereafter bring an action against the Company to recover the unpaid amount of the claim and, subject to Section 18 of this Agreement, Indemnitee shall also be entitled to be paid for the Expenses (including attorneys’ fees) of bringing
such action. It shall be a defense to any such action (other than an action brought to enforce a claim for Expenses incurred in connection with any Proceeding in advance of its final disposition) that Indemnitee has not met the standard of conduct
which make it permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed, but the burden of proving such defense shall be on the Company. Neither the failure of the Company (including the Company’s Board,
any committee or subgroup of the Company’s 

  
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Board, independent legal counsel, or the Company’s stockholders) to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the
applicable standard of conduct required by applicable law, nor an actual determination by the Company (including the Company’s Board, any committee or subgroup of the Company’s Board, independent legal counsel, or the Company’s
stockholders) that Indemnitee has not met such applicable standard of conduct, shall create a presumption that Indemnitee has or has not met the applicable standard of conduct. 

(e) Settlements. Notwithstanding anything to the contrary contained herein, the Company shall not be required to indemnify Indemnitee
under this Agreement for any amounts paid in settlement of any Proceeding effected without the Company’s prior written consent. The Company shall not settle any Proceeding in any manner that would impose any penalty or limitation on Indemnitee
without Indemnitee’s prior written consent. Neither the Company nor Indemnitee shall unreasonably withhold their consent to any proposed settlement. 

(f) Selection of Counsel. In the event the Company shall be obligated under Section 3(a) hereof to pay the Expenses of any
Proceeding against Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of Indemnitee in such Proceeding, with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, upon the delivery to
Indemnitee of written notice of its election so to do. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any
fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding; provided, that (i) Indemnitee shall have the right to employ his counsel in any such Proceeding at Indemnitee’s expense; and (ii) if
(A) the employment of counsel by Indemnitee has been previously authorized by the Company, (B) counsel to Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct
of any such defense or (C) the Company shall not, in fact, have employed counsel to assume the defense of such Proceeding, then in each case, the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company, except as
otherwise expressly provided in this Agreement. 
 4. Additional Indemnification Rights; Nonexclusivity. 

(a) Scope. Notwithstanding any other provisions of this Agreement, the Company hereby agrees to indemnify Indemnitee to the fullest
extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Certificate of Incorporation, the Bylaws or by statute. In the event of any change, after the date of
this Agreement, in any applicable law, statute or rule which expands the right of a Delaware corporation to indemnify a member of its board of directors, such changes shall be, ipso facto, within the purview of Indemnitee’s rights and
Company’s obligations, under this Agreement. In the event of any change in any applicable law, statute or rule which narrows the right of a Delaware corporation to indemnify a member of its board of directors, such changes, to the extent not
otherwise required by such law, statute or rule to be applied to this Agreement shall have no effect on this Agreement or the parties’ rights and obligations hereunder. 

  
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 (b) Nonexclusivity. The provisions for indemnification and advancement of Expenses
provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under the Certificate of Incorporation, the Bylaws, any agreement, any vote of stockholders or disinterested directors, Delaware law, or
otherwise, both as to action in Indemnitee’s official capacity and as to action in another capacity while holding such office. Indemnitee’s rights provided under this Agreement shall continue after Indemnitee has ceased acting as an
officer of the Company or any of its subsidiaries or a member of the Company’s Board. 
 5. Partial Indemnification and
Contribution. 
 (a) Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the Expenses, judgments, fines or amounts paid in settlement actually and reasonably incurred by him in the investigation, defense, settlement or appeal of any Proceeding, but is not entitled,
however, to indemnification for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses, judgments, fines or amounts paid in settlement to which Indemnitee is entitled. For purposes of this
Section 5(a) and without limitation, the termination of any claim, issue or matter by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 

(b) Contribution. If the indemnification provided in this Agreement is unavailable in whole or in part and may not be paid to
Indemnitee for any reason other than those explicitly set forth herein, then in respect to any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), to the fullest extent permissible under
applicable law, the Company, in lieu of indemnifying and holding harmless Indemnitee, shall pay, in the first instance, all Damages and Expenses actually and reasonably incurred by Indemnitee in connection with such Proceeding without requiring
Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee. 

6. Determination of Right To Indemnification. Any indemnification under this Agreement shall be made by the Company unless a
determination is made that indemnification of such Indemnitee is not proper in the circumstances because he has not met the applicable standards of conduct set forth in Sections 1 or 2, as applicable, hereof. Any such determination shall be
made (i) by a majority vote of the directors who are not parties to the Proceeding in question (“disinterested directors”), even if less than a quorum, (ii) by a majority vote of a committee of disinterested directors designated
by majority vote of disinterested directors, even if less than a quorum, (iii) by a vote of stockholders who are not at that time parties to the Proceeding in question holding a majority of the outstanding shares of stock of all classes
entitled to vote on the matter, voting as a single class, (iv) by independent legal counsel, or (v) by a court of competent jurisdiction. 

7. Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that in certain instances, Federal law or applicable public
policy may prohibit the Company from indemnifying its directors, officers or other advisors under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be required

  
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in the future to undertake to the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s right
under public policy to indemnify Indemnitee. 
 8. Severability. Nothing in this Agreement is intended to require or shall be
construed as requiring the Company to do or fail to do any act in violation of applicable law. The Company’s inability, pursuant to applicable law (as determined by a court of competent jurisdiction), to perform its obligations under this
Agreement shall not constitute a breach of this Agreement. The provisions of this Agreement shall be severable as provided in this Section 8. If this Agreement or any portion hereof shall be held to be invalid, illegal or unenforceable for any
reason whatsoever, then (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, all portions of any provisions of this Agreement containing any such provision held to be
invalid, illegal or unenforceable that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and (b) to the fullest extent possible, the provisions of this Agreement (including, without
limitation, all portions of any provisions of this Agreement containing any such provision held to be invalid, illegal or unenforceable that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent
manifested by the provision held invalid, illegal or unenforceable. 
 9. Exceptions. Any other provision herein to the
contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee or to advance Expenses in connection with any of the following: 

(a) Excluded Acts. Any actions or omissions or transactions from which an officer or director of a corporation may not be
relieved of liability under Delaware law; 
 (b) Claims Initiated by Indemnitee. Any Proceedings or claims initiated or
brought voluntarily by Indemnitee and not by way of defense, except with respect to Proceedings brought to establish or enforce a right to indemnification and/or advancement of Expenses arising under this Agreement, the Certificate of Incorporation,
the Bylaws or any other statute or law, but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Company’s Board finds it to be appropriate; 

(c) Lack of Good Faith. Any Proceeding instituted by Indemnitee to enforce or interpret this Agreement, if a court of competent
jurisdiction determines that each of the material assertions made by Indemnitee in such Proceeding was not made in good faith or was frivolous; 

(d) Claims Under Section 16(b). Expenses and the payment of profits arising from the purchase and sale by Indemnitee of
securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute; 

(e) Insurance Payments. Any claims for which payment is actually made to Indemnitee under a valid, enforceable and collectible
insurance policy; 
 (f) Other Payments. To the extent that Indemnitee is indemnified and actually paid or Expenses are
advanced otherwise than pursuant to this Agreement; 

  
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 (g) Personal Advantage. If it is proved by final judgment in a court of law or
other final adjudication to have been based upon or attributable to Indemnitee’s in fact having gained any personal profit or advantage to which he was not legally entitled; or 

(h) Unlawful Indemnification. If a final decision by a court having jurisdiction in the matter shall determine that such
indemnification or advancement of Expenses is not lawful. 
 10. Remedies of Indemnitee. In the event that (i) the
Company makes a determination that Indemnitee is not entitled to indemnification under Sections 1 or 2 of this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 3 of this Agreement, or (iii) payment
of indemnification is not made pursuant to this Agreement within thirty (30) days after receipt by the Company of a written request therefor, Indemnitee shall be entitled to an adjudication in an appropriate court in the State of Delaware, or
in any other court of competent jurisdiction, of his entitlement to such indemnification and shall be entitled to reimbursement of Expenses incurred in connection therewith in accordance with Section 18. 

11. Insurance. To the extent that the Company maintains an insurance policy or policies providing liability insurance for
directors, officers, employees, agents or fiduciaries of the Company or any other corporation, partnership, joint venture or other enterprise which such person serves at the request of the Company, Indemnitee shall be covered by such policy or
policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer, employee, agent or fiduciary under such policy or policies. 

12. Subrogation. In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment
to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such
rights. 
 13. Effectiveness of Agreement. To the extent that the indemnification permitted under the terms of certain
provisions of this Agreement exceeds the scope of the indemnification provided for under Delaware law, such provisions shall not be effective unless and until the indemnification permitted by such provisions comes within the scope of the
indemnification provided for under Delaware law. In all other respects, the balance of this Agreement shall be effective as of the date set forth on the first page. 

14. Enforcement. The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations
imposed on it hereby in order to induce Indemnitee to serve as an officer of the Company or any of its subsidiaries and/or a member of the Company’s Board, and the Company acknowledges that Indemnitee is relying upon this Agreement as
consideration for serving as an officer of the Company or any of its subsidiaries or a member of the Company’s Board. 
 15.
Construction of Certain Phrases. 
 (a) For purposes of this Agreement, references to the “Company” shall include, in
addition to the resulting corporation, any constituent corporation (including any 

  
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constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers,
employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this
Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 

(b) For purposes of this Agreement, references to “other enterprises” shall include employee benefit plans; references to
“fines” shall include any ERISA excise taxes or penalties; and references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or
involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants, or beneficiaries. 

16. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original.

 17. Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns, and shall
inure to the benefit of Indemnitee and Indemnitee’s estate, heirs, legal representatives and assigns. This Agreement will continue in effect whether Indemnitee continues to serve as an officer or director of the Company or any of its
subsidiaries or any other enterprise at the Company’s request. 
 18. Attorneys’ Fees. In the event that any
action is instituted by Indemnitee under this Agreement to enforce or interpret any of the terms hereof, or to recover under any directors’ and officers’ liability insurance policies maintained by the Company, Indemnitee shall be entitled
to be paid all court costs and Expenses, including reasonable attorneys’ fees, incurred by Indemnitee with respect to such action, unless as a part of such action, the court of competent jurisdiction determines that the material assertions made
by Indemnitee as a basis for such action were not made in good faith or were frivolous. In the event of an action instituted by or in the name of the Company under this Agreement or to enforce or interpret any of the terms of this Agreement,
Indemnitee shall be entitled to be paid all court costs and Expenses, including attorneys’ fees, incurred by Indemnitee in defense of such action (including with respect to Indemnitee’s counterclaims and cross-claims made in such action),
unless as a part of such action the court determines that Indemnitee’s material defenses to such action were made in bad faith or were frivolous. 

19. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be
deemed duly given (i) if delivered by hand and receipted for by the party addressee, on the date of such receipt, or (ii) if mailed by domestic certified or registered mail, properly addressed with postage prepaid, on the third business
day after the date postmarked; otherwise a notice shall be deemed duly given when such notice shall be actually received by the addressee. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently
modified by written notice. The failure to notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise. 

  
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 20. Modification and Waiver. No supplement, modification, termination or amendment
of this Agreement shall be binding unless executed in writing by both parties. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such
waiver constitute a continuing waiver. 
 21. Choice of Law. This Agreement shall be governed by and its provisions
construed in accordance with the laws of the State of Delaware as applied to contracts between Delaware residents entered into and to be performed entirely within Delaware. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement as of
the date first above written. 
 AGREED TO AND ACCEPTED 

							
			
	INDEMNITEE:	 		 	LGI HOMES, INC.
				
	  
	 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

				
	Address:	 		 	Address:	 	
			
	  
	 		 	1450 Lake Robbins Drive, Suite 430
	  
	 		 	The Woodlands, Texas 77380
	  
	 		 		 	

 SIGNATURE PAGE TO INDEMNIFICATION
AGREEMENTEX-10.9

 Exhibit 10.9 

PURCHASE AGREEMENT 
 BY
AND BETWEEN 
 [NAME OF GTIS ENTITY] 

AND 
 LGI HOMES, INC.

 August 28, 2013 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1. DEFINITIONS
	  	 	1	  
		
	 ARTICLE 2. BASIC TRANSACTION
	  	 	6	  
	 2.1 Purchase and Sale of Purchased Interests
	  	 	6	  
	 2.2 Consideration
	  	 	7	  
	 2.3 The Closing
	  	 	7	  
	 2.4 Deliveries at the Closing
	  	 	7	  
	 2.5 Tax Treatment of Transaction
	  	 	8	  
		
	 ARTICLE 3. SELLER’S REPRESENTATIONS AND WARRANTIES
	  	 	8	  
	 3.1 Organization and Qualification of Seller
	  	 	8	  
	 3.2 Due Authorization; Enforceability
	  	 	9	  
	 3.3 Consents and Approvals; No Conflicts
	  	 	9	  
	 3.4 Title to Purchased Interests
	  	 	9	  
	 3.5 No Brokers or Finders
	  	 	10	  
	 3.6 Litigation
	  	 	10	  
	 3.7 No Foreign Tax Status
	  	 	10	  
	 3.8 Accredited Investor; Investment Intent
	  	 	10	  
	 3.9 No Other Representations or Warranties
	  	 	10	  
		
	 ARTICLE 4. BUYER REPRESENTATIONS AND WARRANTIES
	  	 	11	  
	 4.1 Organization of Buyer, LGI Member and LGI Group
	  	 	11	  
	 4.2 Due Authorization; Enforceability
	  	 	12	  
	 4.3 Consents and Approvals; No Conflicts
	  	 	12	  
	 4.4 Capitalization; Valid Issuance of Buyer Common Shares
	  	 	13	  
	 4.5 Financial Information
	  	 	13	  
	 4.6 Absence of Undisclosed Liabilities
	  	 	14	  
	 4.7 Absence of Certain Events
	  	 	14	  
	 4.8 Litigation
	  	 	14	  
	 4.9 Compliance with Laws; Permits
	  	 	14	  
	 4.10 Environmental Matters
	  	 	14	  
	 4.11 Intellectual Property
	  	 	15	  
	 4.12 Real Property
	  	 	16	  
	 4.13 Employee Benefits
	  	 	17	  
	 4.14 Labor Matters
	  	 	17	  
	 4.15 Taxes
	  	 	17	  
	 4.16 Insurance
	  	 	17	  
	 4.17 Certain Business Practices
	  	 	18	  
	 4.18 No Brokers or Finders
	  	 	18	  
	 4.19 Full Disclosure
	  	 	18	  

  
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 TABLE OF CONTENTS 

(Continued) 
  

					
	 	  	Page	 
	 ARTICLE 5. COVENANTS
	  	 	18	  
	 5.1 Operation of Business
	  	 	18	  
	 5.2 Buyer Organization
	  	 	19	  
	 5.3 Additional Cooperation
	  	 	19	  
	 5.4 Lock-Up
	  	 	19	  
	 5.5 Release and Waiver of Claims
	  	 	20	  
	 5.6 GTIS Name
	  	 	20	  
	 5.7 Registration of Buyer Common Shares; Participation in Future Equity Offering
	  	 	20	  
		
	 ARTICLE 6. CONDITIONS TO OBLIGATION TO CLOSE.
	  	 	21	  
	 6.1 Conditions to Each Party’s Obligation
	  	 	21	  
	 6.2 Additional Conditions to Buyer’s Obligation
	  	 	21	  
	 6.3 Additional Conditions to Seller’s Obligation
	  	 	22	  
		
	 ARTICLE 7. TERMINATION
	  	 	22	  
	 7.1 Termination of Agreement
	  	 	22	  
	 7.2 Effect of Termination
	  	 	23	  
		
	 ARTICLE 8. INDEMNIFICATION
	  	 	23	  
	 8.1 Survival of Representations and Warranties
	  	 	23	  
	 8.2 Indemnification by Seller
	  	 	23	  
	 8.3 Indemnification by Buyer
	  	 	23	  
	 8.4 Limitations on Indemnity
	  	 	24	  
	 8.5 Matters Involving Third Parties
	  	 	24	  
	 8.6 Characterization of Indemnification Payments
	  	 	25	  
	 8.7 Remedies; Exclusive Remedy
	  	 	25	  
		
	 ARTICLE 9. MISCELLANEOUS
	  	 	27	  
	 9.1 No Third-Party Beneficiaries
	  	 	27	  
	 9.2 Entire Agreement
	  	 	27	  
	 9.3 Succession and Assignment
	  	 	27	  
	 9.4 Counterparts
	  	 	27	  
	 9.5 Headings
	  	 	27	  
	 9.6 Notices
	  	 	27	  
	 9.7 Governing Law
	  	 	27	  
	 9.8 Waiver of Jury Trial
	  	 	27	  
	 9.9 Amendments and Waivers
	  	 	28	  
	 9.10 Severability
	  	 	28	  
	 9.11 Expenses
	  	 	28	  

  
 ii 

 TABLE OF CONTENTS 

(Continued) 
  

					
	 9.12 Further Assurances
	  	 	28	  
	 9.13 Specific Performance
	  	 	28	  
	 9.14 Construction
	  	 	29	  
	 9.15 Incorporation of Exhibits
	  	 	30	  

  
 iii 

 Exhibits 
  

					
	 Exhibit A
	 	 Purchase Price Calculation
	  	
	 Exhibit B
	 	 Form of Assignment Agreement
	  	
	 Exhibit C
	 	 Form of Lock-up Agreement
	  	
	 Exhibit D
	 	 Form of Contribution Agreement
	  	

  
 iv 

 PURCHASE AGREEMENT 

This Purchase Agreement is entered into on August 28, 2013, by and between [NAME OF GTIS ENTITY], a Delaware limited [partnership]
[liability company] (“Seller”), and LGI Homes, Inc., a Delaware corporation (“Buyer”). Seller and Buyer are referred to together herein as the “Parties.” 

WHEREAS, LGI Homes [Corporate][Group], LLC, a Texas limited liability company and Affiliate of Buyer (“LGI Member”), and
Seller are the record and beneficial owners of all of the issued and outstanding limited liability company interests of [NAME OF LGI-GTIS JOINT VENTURE], a Delaware limited liability company (the “Company”), as more fully described
in the Company’s Limited Liability Company Agreement; 
 WHEREAS, Buyer wishes to purchase from Seller, and Seller wishes to sell to
Buyer, all of Seller’s limited liability company interests in the Company (the “Purchased Interests”) on the terms and subject to the conditions set forth herein. 

NOW, THEREFORE, in consideration of the premises and the mutual promises herein made, and in consideration of the representations, warranties
and covenants herein contained, the Parties agree as follows: 
 ARTICLE 1. 

DEFINITIONS 
 As used in
this Agreement, the following terms shall have the following meanings: 
 “Adverse Consequences” means all charges,
complaints, claims, Proceedings, Liabilities, injunctions, judgments, orders, decrees, rulings, awards, damages, natural resource damages, dues, penalties, fines, costs, remedial or response action costs, Taxes, Liens, losses, expenses and fees,
including court costs, reasonable attorneys’ and environmental consultants’ fees and expenses of investigation and litigation related thereto, in all cases, net of any insurance recoveries or tax benefits. “Adverse
Consequences” shall not include special, consequential, punitive or exemplary damages or damages for lost profits or diminution in value or any loss of goodwill or possible business after the Closing, whether actual or prospective. 

“Affiliate” means any Person that, directly or indirectly, through one or more Persons, controls, is controlled by or is
under common control with the Person specified, where “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting
securities, by contract, as trustee or executor or otherwise; provided, however, that the Company shall not be considered an Affiliate of Seller. 

“Agreement” means this Purchase Agreement, including all Exhibits hereto. 

 “Ancillary Agreement” means any contract or other agreement that is entered into
between Seller (or any of its Affiliates), on the one hand, and Buyer (or any of its Affiliates), on the other hand, pursuant to this Agreement on the Closing Date, including the Assignment Agreement, the Lock-up Agreement and the Contribution
Agreement. The Ancillary Agreements executed by a specified Person shall be referred to as such Person’s Ancillary Agreements or by other similar expression. 

“Assets” means the assets, properties and rights (tangible and intangible) of Buyer. 

“Assignment Agreement” has the meaning set forth in Section 2.4.1. 

“Business Day” means any day other than (a) any Saturday or Sunday or (b) any other day on which banks located in
New York, New York generally are closed or authorized by Law to be closed for business. 
 “Buyer” has the meaning set
forth in the preface. 
 “Buyer Cap Amount” has the meaning set forth in Section 8.4.1. 

“Buyer Common Share Consideration” means the number of shares of Common Stock equal to the amount set forth on
Exhibit A under the column “Buyer Common Share Consideration Total Value,” divided by the IPO Price. 

“Buyer Common Shares” means the shares of Common Stock being issued as part of the Buyer Common Share Consideration. 

“Buyer Indemnified Parties” has the meaning set forth in Section 8.2. 

“Buyer IT Systems” has the meaning set forth in Section 4.12.2. 

“Closing” has the meaning set forth in Section 2.3. 

“Closing Cash Payment” means the amount set forth on Exhibit A under the column “Closing Cash Payment”.

 “Closing Date” has the meaning set forth in the Underwriting Agreement. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Commission” means the Securities and Exchange Commission. 

“Common Stock” means the common stock, par value $0.01 per share, of Buyer. 

“Company” has the meaning set forth in the recitals. 

  
 2 

 “Contract” means any written or oral contract, agreement, license, lease, sales
order, purchase order, indenture, mortgage, note, bond, warrant, instrument, undertaking, arrangement or commitment (including all amendments, supplements and modifications thereto). 

“Contribution Agreement” has the meaning set forth in Section 2.4.1. 

“Environmental Law” has the meaning set forth in Section 4.11. 

“ERISA” has the meaning set forth in Section 4.14. 

“Exchange Act” has the meaning set forth in Section 4.6. 

“FCPA” has the meaning set forth in Section 4.18. 

“Formation Transactions” has the meaning set forth in the Contribution Agreement. 

“Fundamental Warranties” means the representations and warranties set forth in Sections 3.1 (Organization and
Qualification of Seller), 3.2 (Due Authorization; Enforceability), 3.4 (Title to Purchased Interests), 4.1 (Organization of Buyer, LGI Member and LGI Group), 4.2 (Due Authorization; Enforceability),
4.4 (Capitalization; Valid Issuance of Buyer Common Shares; Formation Transactions) and 4.16 (Taxes). 
 “GAAP”
means United States generally accepted accounting principles in effect from time to time applied consistently throughout the periods involved. 

“Governmental Authority” means any federal, state, provincial, local or foreign government, or subdivision thereof, or any
entity, body or authority exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any federal, state, provincial, local or foreign government, including any quasi-governmental entity established to
perform such functions, in each case having jurisdiction over the Person, property or matter in question. 
 “Governmental
Licenses” has the meaning set forth in Section 4.10.2. 
 “GTIS Name” has the meaning set forth in
Section 5.6. 
 “Indemnified Party” has the meaning set forth in Section 8.5.1. 

“Indemnifying Party” has the meaning set forth in Section 8.5.1. 

“Intellectual Property” has the meaning set forth in Section 4.12.1. 

“IPO” means the initial underwritten issuance of Common Stock by Buyer pursuant to an effective registration statement under
the Securities Act filed by Buyer with the Commission on Form S-1 (or any successor form adopted by the Commission). 

  
 3 

 “IPO Closing” means the consummation of the IPO. 

“IPO Price” means the public offering price per share of Common Stock as set forth on the cover page of the Prospectus. 

“JV Assets” means the Assets of the JVs. 

“JVs” means the Company, [NAME OF LGI-GTIS JOINT VENTURE], a Delaware limited liability company, [NAME OF LGI-GTIS JOINT
VENTURE], a Delaware limited liability company, and [NAME OF LGI-GTIS JOINT VENTURE], a Delaware limited liability. 

“Law” means any law, statute, regulation, ordinance, rule, order, decree, judgment, injunction, consent decree, settlement
agreement or governmental requirement enacted, promulgated, entered into, agreed or imposed by any Governmental Authority. 
 “LGI
Group” means LGI Member; LGI Homes [Group] [Corporate], LLC, a Texas limited liability company; LGI Homes, Ltd., a Texas limited partnership; LGI Homes – Sunrise Meadow, Ltd., a Texas limited partnership; LGI Homes – Canyon
Crossing, Ltd., a Texas limited partnership; and LGI Homes – Deer Creek, LLC, a Texas limited liability company. 
 “LGI
Member” has the meaning set forth in the recitals. 
 “Liability” means any and all debts, liability, duty or
obligation of any nature, whether pecuniary or not, asserted or unasserted, accrued or unaccrued, absolute or contingent, matured or unmatured, liquidated or unliquidated, determined or determinable, incurred or consequential, known or unknown and
whether due or to become due. 
 “Lien” means any mortgage, pledge, lien, encumbrance, collateral assignment, security
interest, easement, encroachment, restriction (including restriction on use), option, deed of trust, title retention, conditional sale or other security arrangement, or any license, order or charge, or any adverse claim of title, ownership or use,
or agreement of any kind restricting transfer, or any other right of any third party or encumbrance whatsoever. 
 “Limited
Liability Company Agreement” means the limited liability company agreement of the Company, dated as of [            ], by and among LGI Member, Seller and [LGI Group] (as amended
from time to time until the date hereof). 
 “Lock-up” has the meaning set forth in Section 5.4.1. 

“Lock-up Agreement” means the Lock-up Agreement, dated as of the date hereof, in the form attached hereto as Exhibit
C. 
 “Lock-up Period” has the meaning set forth in Section 5.4.1. 

“Material Adverse Effect” has the meaning set forth in Section 3.1. 

  
 4 

 “Ordinary Course of Business” means the ordinary course of business consistent
with past custom and practice. 
 “Organizational Documents” means (a) articles of incorporation and the code of
regulations or bylaws of a corporation, (b) any articles of organization and operating agreements of a limited liability company, (c) any charter or similar document adopted or filed in connection with the creation, formation, or
organization of a Person and (d) any amendment to any of the foregoing. 
 “Outside Date” has the meaning set forth in
Section 7.1.2. 
 “Party” has the meaning set forth in the preface. 

“Person” means any individual, partnership, corporation, limited liability company, association, joint stock company, trust,
joint venture, unincorporated organization or other business entity or Governmental Authority. 
 “Plan” has the meaning
set forth in Section 4.14. 
 “Proceedings” means any judicial or administrative action, investigation, audit,
claim, suit, arbitration, proceeding or other litigation. 
 “Prospectus” means the final prospectus filed with the
Commission pursuant to Rule 424(b) under the Securities Act. 
 “Purchase Agreements” means the (i) Purchase Agreement
for the purchase of limited liability company interests in [NAME OF LGI-GTIS JOINT VENTURE], a Delaware limited liability company, (ii) Purchase Agreement for the purchase of limited liability company interests in [NAME OF LGI-GTIS JOINT
VENTURE], a Delaware limited liability company, and (iii) Purchase Agreement for the purchase of limited liability company interests in [NAME OF LGI-GTIS JOINT VENTURE], a Delaware limited liability company, in each case, of even date herewith
and, in each case, by and among Buyer and certain of Seller’s Affiliates. 
 “Purchase Price” means the amount set
forth on Exhibit A under the column “Purchase Price”. 
 “Purchased Interests” has the meaning set
forth in the recitals. 
 “Registration Statement” means the registration statement on Form S-1 filed with the Commission
with respect to shares of Common Stock, and all amendments thereto, a draft of which has been delivered to Seller as of the date of this Agreement. 

“Rule 144” means Rule 144 as promulgated by the Commission under the Securities Act. 

  
 5 

 “Securities Act” means the Securities Act of 1933, as amended, or any successor
thereto, as in effect at the time of reference. 
 “Seller” has the meaning set forth in the preface. 

“Seller Indemnified Parties” has the meaning set forth in Section 8.3. 

“Tax Return” means any return, report or other information or filing required to be supplied to a Governmental Authority or
Person in connection with any Taxes, including any schedule or attachment thereto or amendment thereof. 
 “Taxes” means
all taxes, charges, fees, duties, levies or other assessments (including income, gross receipts, net proceeds, ad valorem, turnover, real and personal property (tangible and intangible), sales, use, franchise, excise, goods and services, value
added, stamp, user, transfer, fuel, excess profits, occupational, interest equalization, windfall profits, severance, payroll, unemployment and social security taxes) that are imposed by any Governmental Authority, and such term includes any
interest, penalties or additions to tax attributable thereto or attributable to any nonpayment thereof. 
 “Third-Party
Claim” has the meaning set forth in Section 8.5.1. 
 “Threshold” has the meaning set forth in
Section 8.4.1. 
 “Transfer Taxes” has the meaning set forth in Section 9.11. 

“Treasury Regulations” means the income tax regulations, including any temporary or proposed regulations, promulgated under
the Code, as such regulations may be amended from time to time. 
 “Underwriting Agreement” means the Underwriting
Agreement to be entered into prior to the Closing Date among Buyer, Deutsche Bank Securities Inc., JMP Securities LLC, J.P. Morgan Securities LLC and as representatives of the several underwriters named therein. 

ARTICLE 2. 
 BASIC
TRANSACTION 
 2.1 Purchase and Sale of Purchased Interests. On and subject to the terms and conditions of this Agreement,
at the Closing and for the consideration specified in this Article 2, Seller will sell, convey, assign, transfer and deliver to Buyer, and Buyer will purchase and receive from Seller, free and clear of all Liens, all of Seller’s
rights and interests in and title to the Purchased Interests, which represent all of Seller’s limited liability company interests in the Company. 

  
 6 

 2.2 Consideration. At the Closing, Buyer agrees to (a) pay to Seller the
Closing Cash Payment and (b) issue to Seller (or an Affiliate of Seller designated by Seller prior to the Closing) the Buyer Common Share Consideration.  

2.3 The Closing. The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place
remotely via electronic exchange of signature pages on the Closing Date or such other place, date or time as the Parties may mutually determine. Once the Closing occurs, the Closing, and all transactions to occur at the Closing, shall be deemed to
have taken place at, and shall be effective as of, 12:00:01 a.m. (Eastern Time) on the Closing Date.  
 2.4 Deliveries at the
Closing.  
 2.4.1 At the Closing, Seller shall have duly executed and delivered (or have caused to be duly executed and
delivered) to Buyer: 
 (a) an assignment agreement, dated as of the Closing Date, assigning the Purchased Interests to Buyer, substantially
in the form attached hereto as Exhibit B, (the “Assignment Agreement”); 
 (b) a certificate of non-foreign
status, in the form provided in Treasury Regulation §1.1445-2(b)(2)(iv), issued pursuant to and in compliance with Treasury Regulation §1.1445-2(b)(2), certifying that Seller is not a foreign person within the meaning of Treasury
Regulation §1.1445-2(b)(2); 
 (c) the Contribution Agreement by and among Buyer, Seller, each seller named in the other Purchase
Agreements, Eric Lipar, Thomas Lipar and certain Affiliates of each of them named therein, substantially in the form attached hereto as Exhibit D (the “Contribution Agreement”); and 

(d) such other agreements, documents, instruments and writings as are expressly required to be delivered by Seller on or prior to the Closing
Date pursuant to this Agreement or as may be reasonably requested by Buyer to carry out the intent and purposes of this Agreement. 
 2.4.2
At the Closing, Buyer shall have paid and duly executed and delivered (or have caused to be paid and duly executed and delivered), as applicable, to Seller: 

(a) the Closing Cash Payment; 

(b) a certificate from Buyer’s registrar and transfer agent, evidencing the issuance of the Buyer Common Shares to Seller (or an
Affiliate of Seller designated by Seller prior to the Closing) and bearing a conspicuous legend stating that the shares have not been registered under the Securities Act or the securities law of any state and referring to the restrictions on
transferability and sale of the shares; 

  
 7 

 (c) the Assignment Agreement; 

(d) a certificate, dated no more than five (5) days prior to the Closing Date, from the Secretary of the State of Delaware, as to
Buyer’s good standing; 
 (e) a certificate, dated as of the Closing Date, signed by the Secretary of Buyer (i) certifying that
attached thereto is a true and complete copy of the resolutions duly and validly adopted by the board of directors (or other similar governing body) of Buyer approving the execution, delivery and performance of this Agreement and the Ancillary
Agreements and the consummation of the transactions contemplated hereby and thereby, including admission of Seller as a stockholder of Buyer, and that such resolutions are in full force and effect and not revoked and (ii) certifying that
attached thereto are true and complete copies of the Organizational Documents of Buyer in effect at the Closing; 
 (f) the Contribution
Agreement; and 
 (g) such other agreements, documents, instruments and writings as are expressly required to be delivered by Buyer or its
Affiliates on or prior to the Closing Date pursuant to this Agreement or as may be reasonably requested by Seller to carry out the intent and purposes of this Agreement. 

2.5 Tax Treatment of Transaction. The Parties agree that for U.S. federal income tax purposes Buyer’s purchase of the
Purchased Interests shall be characterized as an exchange qualifying under Section 351 of the Code in which Seller contributed the Purchased Interests to Buyer in exchange for (a) the Buyer Common Share Consideration and (b) the
Closing Cash Payment unless such characterization is contrary to applicable U.S. federal income tax Law. The Parties agree to report the transaction in accordance with this treatment in all Tax Returns unless such treatment is contrary to
applicable U.S. federal income tax Law.  
 ARTICLE 3. 

SELLER’S REPRESENTATIONS AND WARRANTIES 

Seller represents and warrants to Buyer as of the date of this Agreement and as of the Closing Date, as follows: 

3.1 Organization and Qualification of Seller. Seller is duly organized and is validly existing as a limited [partnership]
[liability company] in good standing under the Laws of the State of Delaware, with requisite power and authority to own or lease its properties and conduct its business. Seller is duly qualified to transact business and in good standing in all
jurisdictions in which the conduct of its business requires such qualification except where the failure to be so qualified or be in good standing would not (i) have, individually or in the aggregate, a material adverse effect on the earnings,
business, management, properties, assets, rights, operations, condition (financial or otherwise) or prospects of Seller or (ii) prevent the consummation of the transactions contemplated hereby (the occurrence of any such effect or any such
prevention described in the foregoing clauses (i) and (ii) being referred to as a “Material Adverse Effect”).  

  
 8 

 3.2 Due Authorization; Enforceability. Seller has full right, power and authority to
execute and deliver this Agreement and its Ancillary Agreements, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. This Agreement has been duly and validly executed and delivered
by Seller and its Ancillary Agreements shall have been duly and validly executed and delivered by Seller on or prior to the Closing Date. This Agreement constitutes a legal, valid and binding obligation of Seller, and each of its Ancillary
Agreements when executed and delivered shall constitute a legal, valid and binding obligation of Seller, in each case enforceable against Seller in accordance with its terms (assuming the due authorization, valid execution and delivery of this
Agreement and each Ancillary Agreement by each other Person that is or will be a party thereto) and except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar Laws in effect which affect
the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies. 
 3.3 Consents
and Approvals; No Conflicts.  
 3.3.1 Each approval, consent, order, authorization, designation, declaration or filing by or with
any regulatory, administrative or other governmental body or any other Person not a party to this Agreement necessary in connection with the execution and delivery by Seller of this Agreement and its Ancillary Agreements or the consummation of the
transactions contemplated hereby and thereby has been obtained or made and is in full force and effect. 
 3.3.2 The execution and delivery
by Seller of this Agreement and each of its Ancillary Agreements and the consummation of the transactions herein and therein contemplated, and the fulfillment of the terms hereof and thereof do not and will not conflict with or result in a breach of
any of the terms or provisions of, or constitute a default under, or give any Person any additional right (including a termination right) under, permit cancellation of, or result in the creation of any Lien upon, or result in or constitute a
circumstance which, with or without notice or lapse of time or both, would constitute any of the foregoing, any indenture, mortgage, deed of trust or other agreement or instrument to which Seller is a party or by which Seller or any of its
properties is bound, or of its Organizational Documents or any law, order, rule or regulation judgment, order, writ or decree applicable to Seller of any court or of any government, regulatory body or administrative agency or other governmental body
having jurisdiction over Seller or any of its properties or assets, except to the extent the same would not have a Material Adverse Effect. 

3.4 Title to Purchased Interests. Seller is the record and beneficial owner of, and has good and valid title to, the Purchased Interests
free and clear of all Liens. Seller is not a party to any option, warrant, purchase right or other Contract that could require Seller to sell, transfer or otherwise dispose of any such limited liability company interests of the Company (other than
this Agreement). Seller is not a party to any voting trust, proxy or other Contract with respect to the voting of any limited liability company interests of the Company. 

  
 9 

 3.5 No Brokers or Finders. Neither Seller nor any of the JV’s is a party to
any contract, agreement or understanding with any Person that would give rise to a valid claim against Seller for a brokerage commission, finder’s fee or like payment in connection with the transactions contemplated by this Agreement other than
the “Avila Fee” as defined in the Limited Liability Company Agreement. 
 3.6 Litigation. There is no Proceeding pending or,
to the knowledge of Seller, threatened against Seller that, individually or in the aggregate, would materially impair or delay the ability of Seller to effect the Closing. Seller is not subject to any outstanding injunction, judgment, order, decree,
ruling or charge that, individually or in the aggregate, would materially impair or delay the ability of Seller to effect the Closing. To the knowledge of Seller, there is no legal, governmental, administrative or regulatory Proceeding pending or
threatened in writing against the Company, or to which any property of the Company is or would reasonably be expected to be subject before any court or regulatory or administrative agency or otherwise which if determined adversely to the Company
would, individually or in the aggregate, have a Material Adverse Effect. 
 3.7 No Foreign Tax Status. Seller is not a “foreign
person” within the meaning of Section 1445 of the Code. 
 3.8 Accredited Investor; Investment Intent. Seller is an
“accredited investor” as such term is defined in Rule 501(a) of Regulation D promulgated under the Securities Act. Seller is acquiring the Buyer Common Shares for its own account for investment and not with a view to, or for sale
or other disposition in connection with, any distribution of all or any part thereof, except in compliance with applicable federal and state securities Laws. Seller understands that the Buyer Common Shares will not have been registered pursuant to
the Securities Act or any applicable state securities Laws, that the Buyer Common Shares will be characterized as “restricted securities” under federal securities laws, that under such Laws and applicable regulations the Buyer Common
Shares cannot be sold or otherwise disposed of without registration under the Securities Act or an exemption therefrom and that the certificates representing the Buyer Common Shares will bear restrictive legends stating the foregoing. Seller further
acknowledges that the Buyer Common Shares are neither offered nor sold to Seller pursuant to the Prospectus. 
 3.9 No Other
Representations or Warranties. Except for the representations and warranties contained in this Article 3, neither Seller nor any of its Affiliates or any of their respective stockholders, trustees, members, fiduciaries or
representatives, nor any other Person has made or is making any other representation or warranty of any kind or nature whatsoever, oral or written, express or implied, with respect to the Company, this Agreement, the Ancillary Agreements or the
transactions contemplated hereby. Except for the representations and warranties contained in this Article 3, Seller disclaims, on behalf of itself and its Affiliates, 

  
 10 

 
(a) any other representations or warranties, whether made by Seller, any of its Affiliates or their respective stockholders, trustees, members, fiduciaries or representatives or any other
Person and (b) all liability and responsibility for any other representation, warranty, opinion, projection, forecast, advice, statement or information made, communicated or furnished. Neither Seller, any of its Affiliates, any of their
respective stockholders, trustees, members, fiduciaries or representatives nor any other Person has made or is making any representations or warranties to Buyer or its Affiliates or any other Person regarding the probable success or profitability of
the Company (whether before or after the Closing), including regarding the possibility or likelihood of any application, challenge, Proceeding or review, regulatory or otherwise, including any increase, decrease or plateau in the volume of product
or service, or revenue derived therefrom, related to the Company’s business. Neither Seller, any of its Affiliates, any of their respective stockholders, trustees, members, fiduciaries or representatives nor any other Person will have or be
subject to any liability or indemnification obligation to Buyer or its Affiliates or any other Person resulting from the delivery, dissemination or any other distribution to Buyer or its Affiliates or any other Person, or the use by Buyer or its
Affiliates or any other Person, of any such information provided or made available to them by or on behalf of Seller, any of its Affiliates or any of their respective stockholders, trustees, members, fiduciaries or representatives or any other
Person, including any information, documents, estimates, projections, forecasts or other forward-looking information, business plans or other material provided or made available to Buyer or its Affiliates or any other Person in certain “data
rooms,” confidential information memoranda or management presentations in anticipation or contemplation of the transactions contemplated by this Agreement. 

ARTICLE 4. 
 BUYER
REPRESENTATIONS AND WARRANTIES 
 Buyer represents and warrants to Seller as of the date of this Agreement and as of the Closing Date,
except as may be set forth in the Prospectus and except as otherwise provided herein, as follows: 
 4.1 Organization of Buyer, LGI Member
and LGI Group. Buyer is duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with requisite power and authority to own or lease its properties and conduct its business. As of the date
of this Agreement, each Person in the LGI Group is duly organized and is validly existing as a corporation, limited liability company or similar entity under the laws of the jurisdiction of its organization with requisite power and authority to own
or lease its properties and conduct its business. As of the Closing Date, and after giving effect to the Formation Transactions, each Person in the LGI Group shall be duly organized and validly existing as a corporation, limited liability company or
similar entity in good standing under the laws of the jurisdiction of its organization with requisite power and authority to own or lease its properties and conduct its business. As of the date of this Agreement, Buyer and each Person in the LGI
Group is duly qualified to transact business and is in good standing in all jurisdictions in which the conduct of its business requires such qualification except where the failure to be so 

  
 11 

 
qualified or be in good standing would not have a Material Adverse Effect on Buyer or any Person in the LGI Group taken as a whole. As of the Closing Date, and after giving effect to the
Formation Transactions, Buyer and each Person in the LGI Group will be duly qualified to transact business and in good standing in all jurisdictions in which the conduct of its business requires such qualification except where the failure to be so
qualified or be in good standing would not have a Material Adverse Effect on Buyer or any Person in the LGI Group taken as a whole. The outstanding shares of capital stock or other equity interests of Buyer are duly authorized and validly issued,
are fully paid and non-assessable. 
 4.2 Due Authorization; Enforceability. Buyer has full right, power and authority to execute and
deliver this Agreement and its Ancillary Agreements, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. This Agreement has been duly and validly executed and delivered by Buyer and
each of Buyer’s Ancillary Agreements shall have been duly and validly executed and delivered by Buyer on or prior to the Closing Date. This Agreement constitutes a legal, valid and binding obligation of Buyer, and each of its Ancillary
Agreements when executed and delivered shall constitute a legal, valid and binding obligation of Buyer, in each case enforceable against Buyer in accordance with its terms, in each case assuming the due authorization, valid execution and delivery of
this Agreement and each Ancillary Agreement by each other Person that is or will be a party thereto and except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar Laws in effect which
affect the enforcement of creditors’ rights generally and by equitable limitations on the availability of specific remedies. 
 4.3
Consents and Approvals; No Conflicts. 
 4.3.1 Except as may be set forth in the Prospectus, each approval, consent, order,
authorization, designation, declaration or filing by or with any regulatory, administrative or other governmental body or any other Person not a party to this Agreement necessary in connection with the execution and delivery by Buyer of this
Agreement and its Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby has been obtained or made and is in full force and effect as of the date of this Agreement, or will be obtained or made and in full force
and effect on or prior to the Closing Date. 
 4.3.2 The execution and delivery by Buyer of this Agreement and each of its Ancillary
Agreements and the consummation of the transactions herein and therein contemplated, and the fulfillment of the terms hereof and thereof do not and will not conflict with or result in a breach of any of the terms or provisions of, or constitute a
default under, or give any Person any additional right (including a termination right) under, permit cancellation of, or result in the creation of any Lien upon, or result in or constitute a circumstance which, with or without notice or lapse of
time or both, would constitute any of the foregoing, any indenture, mortgage, deed of trust or other agreement or instrument to which Buyer or any Person in the LGI Group is a party or by which Buyer or any Person in the LGI Group or any of their
respective properties is bound, or of their respective Organizational Documents or any law, order, rule or regulation, judgment, order, writ or decree applicable to Buyer or any Person in the 

  
 12 

 
LGI Group of any court or of any government, regulatory body or administrative agency or other governmental body having jurisdiction over Buyer or any Person in the LGI Group, or any of their
properties or assets, except to the extent the same would not have a Material Adverse Effect. 
 4.4 Capitalization; Valid Issuance of
Buyer Common Shares. 
 4.4.1 As of the date of the Prospectus, the information set forth under the caption “Capitalization” in
the Prospectus is true and correct. The Buyer Common Shares conform to the description thereof contained in the Prospectus. The form of certificates for the Buyer Common Shares conforms to the corporate law of the jurisdiction of Buyer’s
incorporation and to any requirements of Buyer’s Organizational Documents. 
 4.4.2 The Buyer Common Shares are duly authorized and when
issued and paid for as contemplated herein will be validly issued, fully paid and non-assessable; and no preemptive or similar rights of stockholders exist with respect to any of the Buyer Common Shares or the issue and sale thereof. The offering
and sale of the Buyer Common Shares as contemplated by this Agreement does not give rise to any rights, other than those contemplated herein, for or relating to the registration of any shares of Common Stock. 

4.5 Financial Information. As of the date of the Prospectus: (a) The combined financial statements of the LGI Group and the
consolidated financial statements of each of the JVs and each of their respective subsidiaries, together with related notes and schedules as set forth in the Prospectus, comply in all material respects with the applicable requirements of the
Securities Act and present fairly the financial position and the results of operations and cash flows of Buyer and/or the respective members of the LGI Group, as the case may be, at the indicated dates and for the indicated periods; (b) such
financial statements and related schedules have been prepared in accordance with GAAP, except as disclosed therein, and all adjustments necessary for a fair presentation of results for such periods have been made; (c) the summary and selected
financial and statistical data included in the Prospectus present fairly the information shown therein and such data has been compiled on a basis consistent with the financial statements presented therein and the books and records of Buyer;
(d) the pro forma financial statements and other pro forma financial information included in the Prospectus present fairly the information shown therein, have been prepared in accordance in all material respects with the Commission’s rules
and guidelines with respect to pro forma financial statements, have been properly compiled on the pro forma bases described therein, and the assumptions used in the preparation thereof are reasonable and the adjustments used therein are appropriate
to give effect to the transactions or circumstances referred to therein; and (e) all disclosures contained in the Prospectus regarding “non-GAAP financial measures” (as such term is defined by the rules and regulations of the
Commission) comply with Regulation G of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 10 of Regulation S-K under the Securities Act, to the extent applicable. 

  
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 4.6 Absence of Undisclosed Liabilities. As of the date of the Prospectus, neither Buyer
nor any Person in the LGI Group has any material liabilities or obligations, direct or contingent (including any off-balance sheet obligations or any “variable interest entities” within the meaning of Financial Accounting Standards Board
Interpretation No. 46), not disclosed in the Prospectus. There are no financial statements (historical or pro forma) that are required to be included in the Prospectus that are not included as required. 

4.7 Absence of Certain Events. Except as may be set forth in the Prospectus, and except with respect to the JV Assets, since the
date of the most recent financial statements included in the Prospectus, (i) there has not been any event, occurrence or development which would give rise to a Material Adverse Effect, (ii) there has not been any material transaction
entered into or any material transaction that is probable of being entered into by Buyer or any Person in the LGI Group, other than transactions in the Ordinary Course of Business and the Formation Transactions, and (iii) neither Buyer nor any
Person in the LGI Group has sustained any loss or interference with its business that is material to Buyer and the LGI Group taken as a whole and that is either from fire, explosion, flood or other calamity, whether or not covered by insurance, or
from any labor disturbance or dispute or any action, order or decree of any court or arbitrator or governmental or regulatory authority. 

4.8 Litigation. As of the date of the Prospectus and except as may be set forth in the Prospectus, there is no legal, governmental,
administrative or regulatory Proceeding pending or, to the knowledge of Buyer, threatened in writing against Buyer, or to which any property of Buyer is, or to the knowledge of Buyer, would reasonably be expected to be, subject, before any court or
regulatory or administrative agency or otherwise which if determined adversely to Buyer would, individually or in the aggregate, have a Material Adverse Effect. As of the date of the Prospectus, there are no current or pending legal, governmental,
administrative or regulatory Proceedings that are required under the Securities Act to be described in the Prospectus that are not so described in the Prospectus. As of the date of the Prospectus, there are no statutes, regulations or Contracts or
other documents that are required under the Act to be filed as exhibits to the Registration Statement or described in the Registration Statement or the Prospectus that are not so filed as exhibits to the Registration Statement or described in the
Registration Statement or the Prospectus. 
 4.9 Compliance with Laws; Permits.  

4.9.1 Except as may be set forth in the Prospectus and except with respect to the JV Assets, neither Buyer nor any member of the LGI Group
is or with the giving of notice or lapse of time or both, will be, (i) in violation of its Organizational Documents, (ii) in violation of or in default under any agreement, lease, contract, indenture or other instrument or obligation to
which it is a party or by which it, or any of its properties, is bound or (iii) in violation of any law, order, rule or regulation judgment, order, writ or decree applicable to Buyer or any Person in the LGI Group of any court or of any
government, regulatory body or administrative agency or other governmental body having jurisdiction over Buyer or any Person in the LGI Group, or any of their properties or assets, except in the case of clauses (ii) and (iii), for such
violations or defaults as would not, individually or in the aggregate, have a Material Adverse Effect. 

  
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 4.9.2 Except as would not, individually or in the aggregate, have a Material Adverse Effect,
Buyer (i) holds all licenses, registrations, certificates and permits from governmental authorities (collectively, “Governmental Licenses”) which are necessary to the conduct of its business, (ii) is in compliance with the
terms and conditions of all Governmental Licenses, and all Governmental Licenses are valid and in full force and effect, and (iii) has not received any written notice of Proceedings relating to the revocation or modification of any Governmental
License. 
 4.10 Environmental Matters. Except as may be set forth in the Prospectus and except with respect to the JV Assets:
(i) Buyer and each Person in the LGI Group have complied and are in compliance, in all material respects, with all applicable federal, state, local, foreign and international laws (including the common law), statutes, rules, regulations,
orders, judgments, decrees or other legally binding requirements of any court, administrative agency or other governmental authority relating to pollution or to the protection of the environment, natural resources or human health or safety, or to
the manufacture, use, generation, treatment, storage, disposal, release or threatened release of hazardous or toxic substances, pollutants, contaminants or wastes, or the arrangement for such activities which are effective as of the Closing Date
(“Environmental Laws”); (ii) Buyer and each Person in the LGI Group have obtained and are in compliance, in all material respects, with all permits, licenses, authorizations or other approvals required of them under
Environmental Laws to conduct their respective businesses and are not subject to any action to revoke, terminate, cancel, limit, amend or appeal any such permits, licenses, authorizations or approvals; (iii) neither Buyer nor any Person in the
LGI Group is a party to any judicial or administrative Proceeding (including a notice of violation) under any Environmental Laws to which a governmental authority is also a party and which involves potential monetary sanctions, unless it could
reasonably be expected that such Proceeding will result in monetary sanctions of less than $100,000; and no such Proceeding has been threatened in writing or is known by Buyer or by any Person in the LGI Group to be contemplated; (iv) neither
Buyer nor any Person in the LGI Group has received written notice or is otherwise aware of any pending or threatened in writing material claim or potential liability under Environmental Laws in respect of its past or present business, operations
(including the disposal of hazardous substances at any off-site location), facilities or real property (whether owned, leased or operated) or on account of any predecessor or any person whose liability under any Environmental Laws it has agreed to
assume; and neither Buyer nor any Person in the LGI Group is aware of any facts or conditions that could reasonably be expected to give rise to any such claim or liability; and (v) neither Buyer nor any Person in the LGI Group is aware of any
matters regarding compliance with existing or reasonably anticipated Environmental Laws, or with any liabilities or other obligations under Environmental Laws (including asset retirement obligations), that could reasonably be expected to have a
material effect on the capital expenditures, earnings or competitive position of Buyer and the LGI Group. 

  
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 4.11 Intellectual Property. Except with respect to the JV Assets and as may be set
forth in the Prospectus: 
 4.11.1 Buyer owns or possesses the right to use all patents, inventions, trademarks, trade names, service marks,
logos, trade dress, designs, data, database rights, Internet domain names, rights of privacy, rights of publicity, copyrights, works of authorship, license rights, trade secrets, know-how and proprietary information (including unpatented and
unpatentable proprietary or confidential information, inventions, systems or procedures) and other industrial property and intellectual property rights, as well as related rights, such as the right to sue for all past, present and future
infringements or misappropriations of any of the foregoing, and registrations and applications for registration of any of the foregoing (collectively, “Intellectual Property”) necessary to conduct its business as presently conducted
and currently contemplated to be conducted in the future. Neither Buyer nor any Person in the LGI Group, whether through their respective products and services or the conduct of their respective businesses, has infringed, misappropriated, conflicted
with or otherwise violated, or is currently infringing, misappropriating, conflicting with or otherwise violating, and none of Buyer or any Person in the LGI Group has received any communication or notice of infringement of, misappropriation of,
conflict with or violation of, any Intellectual Property of any other person or entity. Neither Buyer nor any Person in the LGI Group has received any communication or notice alleging that by conducting their business as set forth in the Prospectus,
such parties would infringe, misappropriate, conflict with, or violate, any of the Intellectual Property of any other Person. Buyer knows of no infringement, misappropriation or violation by others of Intellectual Property owned by or licensed to
the Buyer or any Person in the LGI Group. Buyer and each Person in the LGI Group have taken all reasonable steps necessary to secure their interests in such Intellectual Property from their employees and contractors and to protect the
confidentiality of all of their confidential information and trade secrets. 
 4.11.2 None of the Intellectual Property or technology
(including information technology and outsourced arrangements) employed by Buyer or the LGI Group has been obtained or is being used by Buyer or the LGI Group in violation of any contractual obligation binding on Buyer or any Person in the LGI Group
or any of their respective officers, directors or employees or otherwise in material violation of the rights of any Persons. Buyer and each Person in the LGI Group own or have a valid right to access and use all computer systems, networks, hardware,
software, databases, websites, and equipment used to process, store, maintain and operate data, information, and functions used in connection with the business of Buyer and the LGI Group (the “Buyer IT Systems”). The Buyer IT
Systems are adequate for, and operate and perform in all material respects as required in connection with, the operation of the business of Buyer and the LGI Group as currently conducted, except as would not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. Buyer and each Person in the LGI Group have implemented commercially reasonable backup, security and disaster recovery technology consistent in all material respects with applicable
regulatory standards and customary industry practices. 
 4.12 Real Property. As of the date of the Prospectus, except with respect to
the JV Assets, and except as may be set forth in the Prospectus, Buyer and each Person in the LGI Group has good and marketable title to all of the properties and assets reflected in the financial statements hereinabove described or described
in the Prospectus, subject to no lien, mortgage, pledge, charge or encumbrance of any kind except those reflected in such financial statements or 

  
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described in the Prospectus or which (i) do not materially interfere with the use made and proposed to be made of such property by Buyer or (ii) would not, individually or in the
aggregate, have a Material Adverse Effect. Buyer and the LGI Group occupy their leased properties under valid and binding leases (subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights and to general equity principles) conforming in all material respects to the descriptions thereof set forth in the Prospectus. 

4.13 Employee Benefits. (i) Each “employee benefit plan” (within the meaning of Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended, including the regulations and published interpretations thereunder (“ERISA”)) for which Buyer or any member of its “Controlled Group” (defined as any organization that is
a member of a controlled group of corporations within the meaning of Section 414 of the Code) would have liability (each a “Plan”) is in compliance in all material respects with all presently applicable statutes, rules and
regulations, including ERISA and the Code; (ii) with respect to each Plan subject to Title IV of ERISA (a) no “reportable event” (as defined in Section 4043 of ERISA) has occurred for which Buyer or any member of its
Controlled Group would have any liability; and (b) neither Buyer nor any member of its Controlled Group has incurred or expects to incur liability under Title IV of ERISA (other than for contributions to the Plan or premiums payable to the
Pension Benefit Guaranty Corporation, in each case in the ordinary course and without default); (iii) no Plan which is subject to Section 412 of the Code or Section 302 of ERISA has failed to satisfy the minimum funding standard
within the meaning of such sections of the Code or ERISA; and (iv) to the knowledge of Buyer, each Plan that is intended to be qualified under Section 401(a) of the Code is so qualified and nothing has occurred, whether by action or by
failure to act, which would cause the loss of such qualification. 
 4.14 Labor Matters. Except as may be set forth in the Prospectus,
no labor disturbance by or dispute with employees of Buyer or any Person in the LGI Group exists or, to the knowledge of Buyer, is contemplated or threatened. 

4.15 Taxes. Except with respect to the JVs, Buyer and each Person in the LGI Group has filed all material U.S. federal, state, and local
tax returns which have been required to be filed and have paid all taxes indicated by such returns and all assessments received by them or any of them to the extent that such taxes have become due, except for any such taxes currently being contested
in good faith, in an amount the payment of which by Buyer would not, individually or in the aggregate, have a Material Adverse Effect and for which an adequate reserve or accrual has been established in accordance with GAAP. All tax liabilities have
been adequately provided for in the financial statements of Buyer, and Buyer does not know of any actual or proposed additional material tax assessments. 

4.16 Insurance. Buyer and each Person in the LGI Group carry, or are covered by, insurance from insurers of recognized financial
responsibility, in such amounts and covering such risks as is adequate for the conduct of their respective businesses and the value of their respective properties and as is prudent and customary for companies engaged in similar

  
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businesses; neither Buyer nor any Person in the LGI Group has been refused any coverage under insurance policies sought or applied for; and the Company and the LGI Entities have no reason to
believe that they will not be able to renew their existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue their respective businesses at a cost that would not,
individually or in the aggregate, have a Material Adverse Effect. 
 4.17 Certain Business Practices. Neither Buyer nor any Person in
the LGI Group nor any director, officer, agent, employee, or other person associated with or acting on behalf of Buyer or any Person in the LGI Group: (i) has used any corporate funds for any unlawful contribution, gift, entertainment or other
unlawful expense relating to political activity; (ii) has made any direct or indirect unlawful contribution or payment to any official of, or candidate for, or any employee of, any federal, state or foreign office from corporate funds;
(iii) has made any bribe, unlawful rebate, payoff, influence payment, kickback or other unlawful payment; or (iv) is aware of or has taken any action, directly or indirectly, that would result in a violation by such Persons of the OECD
Convention on Bribery of Foreign Public Officials in International Business Transactions, the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (collectively, the “FCPA”) or any similar law
or regulation to which Buyer or any Person in the LGI Group, any director, officer, agent, employee, or other person associated with or acting on behalf of Buyer is subject. Buyer and the members of the LGI Group have each conducted their businesses
in compliance with the FCPA and any applicable similar law or regulation and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith, except any
non-compliance which would not have a Material Adverse Effect. 
 4.18 No Brokers or Finders. Except as may be described in the
Prospectus, neither Buyer nor any Person in the LGI Group is a party to any contract, agreement or understanding with any Person (other than the Underwriting Agreement and the “Avila Fee” as defined in the Limited Liability Company
Agreement) that would give rise to a valid claim against Buyer or any Person in the LGI Group for a brokerage commission, finder’s fee or like payment in connection with the transactions contemplated by this Agreement. 

4.19 Full Disclosure. No representation or warranty made by Buyer in this Agreement contains any untrue statement of a material fact or
omits to state a material fact necessary to make any of them, in light of the circumstances under which they were made, not misleading. 

ARTICLE 5. 
 COVENANTS

 5.1 Operation of Business. From the date of this Agreement until the Closing Date, the Company shall, and Buyer shall cause
LGI Member to cause the Company to, operate and maintain its business in the Ordinary Course of Business and use best efforts to preserve intact its business organization and operations. Buyer shall cause LGI Member to continue to operate and

  
 18 

 
maintain the Company in good faith and pursuant to the Limited Liability Company Agreement, including operating the Company in accordance with the business plans of the Company, making all
distributions and contributions and obtaining all necessary consents and approvals (including with respect to Major Decisions (as defined therein)) thereunder, in each case, as if no IPO was anticipated. Notwithstanding anything to the contrary in
this Agreement, immediately prior to the Closing, Buyer shall cause LGI Member, in its capacity as the “Managing Member” of the Company, to distribute Excess Cash (as defined in the Limited Liability Company Agreement) to the Members (as
defined in the Limited Liability Company Agreement) in amounts determined in good faith in accordance with the Limited Liability Company Agreement. 

5.2 Buyer Organization. From the date of this Agreement until the Closing Date, Buyer shall not, without the written consent of Seller
or as required by Law: (a) amend or authorize amendment of its Organizational Documents; or (b) rescind or modify, or authorize rescission or modification of, any resolution adopted by its board of directors or stockholder with respect to
the transactions contemplated in this Agreement. 
 5.3 Additional Cooperation. Without limiting the other provisions of this
Article 5, each Party shall use commercially reasonable efforts to take all actions and to do all things necessary, proper or advisable in order to consummate and make effective the transactions contemplated by this Agreement. 

5.4 Lock-Up. 
 5.4.1 Seller
agrees that in connection with the IPO, the managing underwriter may, during the period commencing on the IPO Closing Date until the date specified by such managing underwriter (the “Lock-up Period”), restrict holders of shares of
Common Stock, without the prior written consent of such managing underwriter, from (a) offering, pledging, selling, contracting to sell, granting any option or contract to purchase, purchasing any option or contract to sell, hedging the
beneficial ownership of or otherwise disposing of, directly or indirectly, any shares of Common Stock or any securities convertible into, exercisable for or exchangeable for shares of Common Stock (whether such shares or any such securities are then
owned by such holder or are thereafter acquired), or (b) entering into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such securities, whether any such transaction
described in clause (a) or (b) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise (the “Lock-up”). 

5.4.2 Notwithstanding Section 5.4.1, in no event shall the Lock-up Period exceed one hundred eighty (180) days with respect to
the Buyer Common Shares, except for the limited circumstances provided in the Lock-up Agreement, and, in the event and to the extent that the managing underwriter or Buyer permits varying Lock-up Periods with respect to the holders of shares of
Common Stock, the Buyer Common Shares shall be subject to the shortest Lock-up Period permitted to any holder of shares of Common Stock (other than Thomas Lipar) by the managing underwriter and Buyer. 

  
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 5.4.3 Notwithstanding anything to the contrary contained in this Section 5.4, the
Buyer Common Shares shall be released from any Lock-up in the event and to the extent that the managing underwriter or Buyer permits any discretionary waiver or termination of the restrictions of any Lock-up pertaining to any officer, director or
any other holder of shares of Common Stock other than Thomas Lipar. 
 5.5 Release and Waiver of Claims. Effective as of the Closing,

 5.5.1 Subject to Article 8, Buyer, on behalf of itself and its beneficiaries and Affiliates, completely and irrevocably releases
and forever discharges Seller and its Affiliates, and their respective directors, officers, managers, members, stockholders, principals, employees, agents, representatives, predecessors, successors and assigns, from any and all claims and Adverse
Consequences arising out of or in any way related, directly or indirectly, to the conduct or operation of the Company prior to the Closing. 

5.5.2 Seller, on behalf of itself and its beneficiaries and Affiliates, completely and irrevocably waives any and all claims Seller or its
beneficiaries or Affiliates may have to any additional ownership in the Company or any ownership in Buyer other than the Buyer Common Shares, and Seller hereby authorizes the appropriate officers of the Company to execute and deliver such documents
and take such other actions as may be required or advisable to carry out the effect of the release and waiver described in this Section 5.5. 

5.5.3 Notwithstanding anything to the contrary in this Section 5.5, no rights of any Party arising under, or the right of any Party
to enforce, this Agreement or any Ancillary Agreement, as applicable, shall be affected by this Section 5.5. 
 5.6 GTIS
Name. Within 60 days after the Closing Date, Buyer shall file, or shall cause to be filed, an amendment to the Company’s certificate of formation with the Secretary of State of the State of Delaware changing the Company’s name to a
name that does not include the phrase “GTIS” or any name confusingly or misleadingly similar thereto (the “GTIS Name”), such amendment to be effective as soon as practicable following the Closing Date. Thereafter, Buyer
shall not use the GTIS Name, other than (a) in a neutral, non-trademark sense to discuss the history of the business of the Company or (b) as required by applicable Law. Buyer and its Affiliates acknowledge that they are not acquiring,
directly or indirectly, any right, title or interest in and to the GTIS Name or any trademark of Seller. 
 5.7 Registration of Buyer
Common Shares; Participation in Future Equity Offering. Following the Lock-Up Period and any other legally required waiting period, if Seller is unable to sell all of its Buyer Common Shares under Rule 144, or Seller is unable to sell all of its
Buyer Common Shares in routine brokerage transactions within any ninety day period, then upon the written request of Seller, Buyer and Seller shall enter into a registration rights agreement providing for the registration of the Buyer Common Shares
on customary and reasonable terms, including customary indemnification provisions. From and after the Closing, prior to a follow-on offering of Common Stock, Buyer shall provide written notice to Seller

  
 20 

 
within twenty (20) Business Days of such offering, and Buyer shall permit Seller to sell any or all of its Buyer Common Shares in such offering if Seller notifies Buyer in writing within ten
(10) Business Days of Buyer’s written notice. 
 ARTICLE 6. 

CONDITIONS TO OBLIGATION TO CLOSE. 

6.1 Conditions to Each Party’s Obligation. The obligations of each Party to consummate the transactions contemplated by this
Agreement are subject to the satisfaction (or, to the extent permitted by applicable Law, the waiver by the applicable Party) of the following conditions on or before the Closing Date: 

6.1.1 No injunction, restraint or prohibition by any court or other Governmental Authority of competent jurisdiction that prohibits the
consummation of the transactions contemplated by this Agreement shall have been entered and shall continue to be in effect. 
 6.1.2 The IPO
Closing shall have occurred. 
 6.1.3 All of the conditions to each party’s obligations under each of the Purchase Agreements shall have
been satisfied or waived (other than such conditions that by their nature are to be satisfied at the Closing) such that the transactions contemplated thereby shall be consummated simultaneously with the Closing. 

6.1.4 Buyer shall have consummated the Formation Transactions (other than the transactions contemplated in this Agreement). 

6.2 Additional Conditions to Buyer’s Obligation. Buyer’s obligation to consummate the transactions contemplated by this
Agreement is further subject to the satisfaction (or the waiver by Buyer) of the following conditions on or before the Closing Date: 
 6.2.1
Each of the representations and warranties of Seller set forth in Article 3 shall be true and correct in all material respects as of the date of this Agreement and as of the Closing Date. 

6.2.2 Seller shall have performed and complied with, in all material respects, all of the covenants and agreements in this Agreement required
to be performed and complied with by Seller on or prior to the Closing Date. 
 6.2.3 Seller shall have delivered to Buyer a certificate,
dated as of the Closing Date, executed by Seller, certifying as to the satisfaction of the conditions set forth in Sections 6.2.1 and 6.2.2. 

6.2.4 Seller shall have duly executed and delivered (or have caused to be duly executed and delivered) to Buyer all of the deliveries set forth
in Section 2.4.1. 

  
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 6.3 Additional Conditions to Seller’s Obligation. Seller’s obligation to
consummate the transactions contemplated by this Agreement is further subject to the satisfaction (or the waiver by Seller) of the following conditions on or before the Closing Date: 

6.3.1 Each of the representations and warranties of Buyer set forth in Article 4 shall be true and correct in all material respects
as of the date of this Agreement (except for those representations and warranties made as of the date of the Prospectus, which shall be true and correct in all material respects as of the date of the Prospectus) and as of the Closing Date. 

6.3.2 Buyer shall have performed and complied with in all material respects all of the covenants and agreements in this Agreement required to
be performed and complied with by Buyer on or prior to the Closing. 
 6.3.3 Buyer shall have delivered to Seller a certificate to the effect
that each of the conditions specified in Sections 6.3.1 and 6.3.2 has been satisfied in all respects. 
 6.3.4 Buyer shall
have duly executed and delivered (or have caused to be duly executed and delivered) to Seller all of the deliveries set forth in Section 2.4.2. 

ARTICLE 7. 
 TERMINATION

 7.1 Termination of Agreement. This Agreement may be terminated and the transactions contemplated hereby may be abandoned at
any time prior to the Closing as provided below: 
 7.1.1 Seller, on the one hand, and Buyer, on the other hand, may terminate this Agreement
by mutual consent at any time prior to the Closing. 
 7.1.2 Buyer may terminate this Agreement by giving notice to Seller: (a) in the
event Seller breaches any covenant contained in this Agreement, Buyer has notified Seller of the breach, and the breach has continued without cure for a period of ten (10) days after the notice of breach; or (b) if the Closing shall not
have occurred on or before February 28, 2014 (the “Outside Date”), by reason of the failure of any condition precedent under Section 6.2 (unless the failure results primarily from a breach by Buyer of any
representation, warranty or covenant contained in this Agreement). 
 7.1.3 Seller may terminate this Agreement by giving notice to Buyer:
(a) in the event Buyer breaches any covenant contained in this Agreement, Seller has notified Buyer of the breach, and the breach has continued without cure for a period of ten (10) days after the notice of breach; or (b) if the
Closing shall not have occurred on or before the Outside Date, by reason of the failure of any condition precedent under Section 6.3 (unless the failure results primarily from a breach by Seller of any representation, warranty or
covenant contained in this Agreement). 

  
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 7.2 Effect of Termination. If any Party terminates this Agreement pursuant to
Section 7.1, (a) this Agreement shall be void and of no further force and effect, (b) the transactions contemplated by this Agreement shall be abandoned without further action by any Party and (c) all rights and
obligations of the Parties hereunder shall terminate without any Liability of any Party to any other Party, except for any Liability with respect to any breach of this Agreement prior to such termination and except for this Section 7.2
and Article 9, which shall survive the termination of this Agreement. 
 ARTICLE 8. 

INDEMNIFICATION 
 8.1
Survival of Representations and Warranties. All of the representations and warranties of the Parties contained in this Agreement shall survive the Closing and continue in full force and effect until the date that is eighteen (18) months
after the Closing Date; provided, that the Fundamental Warranties shall survive the Closing and continue in full force until the expiration of the applicable statute of limitations. No claim may be made with respect to any alleged breach of a
representation or warranty contained in this Agreement unless notice of such claim is given to Seller or Buyer, as applicable, within the period specified in the immediately preceding sentence, in which case the survival period with respect to the
applicable representation and warranty, as it relates to such claim, shall be extended until such claim is resolved. The covenants and agreements of the Parties contained in this Agreement shall survive the Closing Date in accordance with their
terms or, if no term is stated, indefinitely. 
 8.2 Indemnification by Seller. Seller agrees, subject to the other terms, conditions
and limitations of this Article 8, to indemnify Buyer and its Affiliates and each of their respective directors, officers, employees and representatives (collectively, the “Buyer Indemnified Parties”), against, and hold
the Buyer Indemnified Parties harmless from, all Adverse Consequences suffered or incurred by any Buyer Indemnified Party arising out of or related to: (a) any breach by Seller of any representation or warranty made by Seller in this Agreement
or any Ancillary Agreement; or (b) any failure by Seller to perform or comply with any covenant or agreement contained in this Agreement or any Ancillary Agreement. Notwithstanding anything to the contrary contained herein, Seller shall not be
liable for any Adverse Consequences to the extent such Adverse Consequences (i) arise out of any act, omission, transaction or arrangement carried out by, or on behalf of any Buyer Indemnified Party after the date hereof, (ii) would not
have arisen but for any change in the operation of the Company consented to by Buyer or its Affiliates after the Closing Date or (iii) arose or were increased as a direct or indirect result of any increase in Tax rates or a change in Law
occurring after the date hereof. 
 8.3 Indemnification by Buyer. Buyer agrees, subject to the other terms, conditions and limitations
of this Article 8, to indemnify Seller and its Affiliates and each of their respective directors, officers, employees and representatives (collectively, the “Seller Indemnified Parties”), against, and hold the Seller
Indemnified Parties harmless from, all Adverse Consequences 

  
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suffered or incurred by any Seller Indemnified Party arising out of or related to: (a) any breach of any representation or warranty made by Buyer in this Agreement or any Ancillary
Agreement; (b) any failure by Buyer to perform or comply with any covenant or agreement contained in this Agreement or any Ancillary Agreement; (c) the conduct or operation of the Company from and after the Closing; or (d) any
Third-Party Claims made against Seller Indemnified Parties arising out of or related to the IPO and the prospectus and registration statement used in connection therewith. Notwithstanding anything to the contrary contained herein, Buyer shall not be
liable for any Adverse Consequences to the extent such Adverse Consequences (i) arise out of any act, omission, transaction or arrangement carried out by, or on behalf of any Seller Indemnified Party after the date hereof, (ii) would not
have arisen but for any change in the operation of the Company consented to by Seller or its Affiliates prior to the Closing Date or (iii) arose or were increased as a direct or indirect result of any increase in Tax rates or a change in Law
occurring after the date hereof. 
 8.4 Limitations on Indemnity. 

8.4.1 Seller Indemnified Parties agree not to seek recourse against, and shall not recover from Buyer on account of any Adverse Consequences
pursuant to Section 8.3(a), Section 8.3(b) or Section 8.3(c) until the aggregate amount of all such Adverse Consequences exceeds two percent (2.0%) of the Purchase Price (the “Threshold”) in
which event Buyer shall be responsible for the aggregate amount of all Adverse Consequences regardless of the Threshold up to the Buyer Cap Amount. The aggregate Liability of Buyer under Section 8.3(a), Section 8.3(b) or
Section 8.3(c) shall not exceed the amount set forth on Exhibit A under the column “Buyer Common Share Consideration Total Value” (the “Buyer Cap Amount”). 

8.4.2 The Buyer Indemnified Parties agree not to seek recourse against, and shall not recover from the Seller on account of any Adverse
Consequences pursuant to Section 8.2 until the aggregate amount of all such Adverse Consequences exceeds the Threshold in which event Seller shall be responsible for the aggregate amount of all Adverse Consequences regardless of the
Threshold up to the Purchase Price. The aggregate Liability of Seller under Section 8.2 shall not exceed the Purchase Price. 

8.5 Matters Involving Third Parties. 

8.5.1 If any third party notifies any Party (the “Indemnified Party”) of any matter (including any Proceeding by or in respect
of such third party) (a “Third-Party Claim”) that may give rise to a claim for indemnification against any other Party (the “Indemnifying Party”) under this Article 8, then the Indemnified Party shall
promptly notify each Indemnifying Party thereof; provided, that the failure of the Indemnified Party to give such prompt notice shall not relieve the Indemnifying Party of its obligations under this Article 8 except to the extent
(if any) that the Indemnifying Party shall have been actually materially prejudiced thereby. 

  
 24 

 8.5.2 Any Indemnifying Party shall have the right to assume and thereafter conduct the defense of
the Third-Party Claim at its own expense and with counsel reasonably satisfactory to the Indemnified Party; provided, that the Indemnifying Party shall not consent to the entry of any judgment or enter into any settlement with respect to any
Third-Party Claim without the prior consent of the Indemnified Party unless the judgment or proposed settlement: (a) involves only the payment of money damages (all of which will be paid by the Indemnifying Party); (b) does not impose an
injunction or other equitable relief upon the Indemnified Party; (c) does not include the admittance of any fault; (d) involves a dismissal of the underlying claim without prejudice (if applicable); (e) includes a full release by the
plaintiff or claimant of all Indemnified Parties from any Liability; and (f) includes a provision whereby the plaintiff or claimant in the matter is prohibited from disclosing publicly any information regarding the Third-Party Claim or such
relief without the Indemnified Party’s prior consent. Notwithstanding the foregoing, the Indemnifying Party shall not be entitled to assume the defense of, defend, compromise or settle any such Third-Party Claim in the name of the Indemnified
Party if: (i) the Indemnifying Party fails to defend or fails to prosecute the defense within a reasonable time period (not to exceed thirty (30) days from the date the Indemnified Party provides notice of such Third-Party Claim) or
withdraws from such defense; (ii) the Indemnified Party shall have determined in good faith that an actual or potential conflict of interest makes representation of the Indemnifying Party and Indemnified Party by the same counsel or the counsel
selected by the Indemnifying Party inappropriate; or (iii) the Third-Party Claim is a criminal Proceeding. If the Indemnified Party has assumed the defense of the Third-Party Claim, the Indemnified Party shall not consent to the entry of any
judgment or enter into any settlement with respect to such Third-Party Claim without the prior consent of the Indemnifying Party (such consent not to be unreasonably withheld). 

8.5.3 The Indemnified Party and its counsel may participate in the defense of a Third-Party Claim even if the Indemnifying Party chooses to
assume and conduct the defense of such Third-Party Claim, but in such case the expenses of the Indemnified Party’s additional counsel shall be paid by the Indemnified Party. 

8.6 Characterization of Indemnification Payments. All indemnification payments under this Article 8 shall be deemed
adjustments to the Purchase Price. If, contrary to the intent of the Parties as expressed in the preceding sentence, any payment made pursuant to this Article 8 is treated as taxable income of an Indemnified Party, then, subject to the
other terms, conditions and limitations of this Agreement, the Indemnifying Party shall indemnify and hold harmless the Indemnified Party from any Liability for additional Taxes attributable to the receipt of such payment. 

8.7 Remedies; Exclusive Remedy. Subject to Section 9.13, except in the case of fraud, willful misrepresentation and willful
breach, the rights and remedies under this Article 8 are exclusive and in lieu of any and all other rights and remedies that the Seller Indemnified Parties may have against Buyer or the Buyer Indemnified Parties may have against Seller
under this Agreement or otherwise with respect to the Company or any breach of any representation or warranty or any failure to perform any covenant or agreement set forth in this Agreement. Seller and Buyer expressly waive any and all other rights,
remedies and causes of action it or its Affiliates may have against Buyer and Seller, respectively, now or in the future under any Law 

  
 25 

 
with respect to the transactions contemplated by this Agreement. The remedies expressly provided in this Agreement shall constitute the sole and exclusive basis for and means of recourse between
Seller and Buyer with respect to the transactions contemplated by this Agreement. 
 ARTICLE 9. 

MISCELLANEOUS 
 9.1 No
Third-Party Beneficiaries. This Agreement shall not confer any rights or remedies upon any Person other than the Parties and their respective successors and permitted assigns; provided, that the Buyer Indemnified Parties and the Seller
Indemnified Parties are intended third-party beneficiaries of Article 8. 
 9.2 Entire Agreement. This Agreement, together
with any Exhibits and the Ancillary Agreements, constitutes the entire agreement among the Parties and supersedes any prior understandings, agreements or representations by or among the Parties, written or oral, to the extent they relate in any way
to the subject matter hereof. 
 9.3 Succession and Assignment. This Agreement shall be binding upon and inure to the benefit of the
Parties named herein and their respective personal representatives, heirs, successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests or obligations hereunder without the prior written consent of the
other Party. 
 9.4 Counterparts. This Agreement may be executed in one or more counterparts (including by means of facsimile or
electronic means including .pdf form), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

9.5 Headings. The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the
meaning or interpretation of this Agreement. 
 9.6 Notices. All notices, requests, demands, claims, and other communications
hereunder shall be in writing and shall be deemed duly given (a) when delivered personally to the recipient, (b) one (1) Business Day after being sent to the recipient by reputable overnight courier service (charges prepaid),
(c) one (1) Business Day after being sent to the recipient by facsimile transmission or email if the sender on the same day sends a confirming copy of such notice by a reputable overnight courier service (charges prepaid), or (d) four
(4) Business Days after being mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid, and addressed to the intended recipient as set forth below: 

  
 26 

			
	 If to Seller:
  

GTIS Partners LP

681 Schofield Road

The Presidio

San Francisco, CA 94129

Attn: Thomas M. Feldstein,

  General Counsel

Facsimile:        (415) 674-4228

Email: tfeldstein@gtispartners.com
  

and
  

GTIS Partners LP

45 Rockefeller Plaza

31st Floor

New York, NY 10111

Attn: Robert Vahradian

Facsimile:        (212) 220-5296

Email: rvahradian@gtispartners.com
	  	 Copy to:
  

Mayer Brown LLP

71 South Wacker Drive

Chicago, IL 60606

Attn: David Malinger

Facsimile:        (312) 701-7711

Email: DMalinger@mayerbrown.com

		
	 If to Buyer:
  

LGI Homes, Inc.

1450 Lake Robbins Drive, Suite 430

The Woodlands, Texas 77380

Attn: Eric Lipar, CEO

Facsimile:        (281) 210-2601

Email: elipar@lgihomes.com
	  	 Copy to:
  

Winstead PC

1100 JPMorgan Chase Tower

600 Travis Street

Houston, Texas 77002

Attn: Warren Hoffman

Facsimile:        (713) 650-2400

Email: whoffman@winstead.com

 Any Party may change the address to which notices, requests, demands, claims and other communications hereunder are to be
delivered by giving the other Party notice in the manner herein set forth. 
 9.7 Governing Law. This Agreement shall be governed by
and construed in accordance with the Laws of the State of New York without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the Laws of
any jurisdiction other than the State of New York. 
 9.8 Waiver of Jury Trial. Each Party acknowledges and agrees that any
controversy which may arise under this Agreement is likely to involve complicated and difficult issues, and therefore each such Party hereby irrevocably and unconditionally waives any right such Party may have to a trial by jury in respect of any
litigation directly or indirectly arising out of or 

  
 27 

 
related to this Agreement or the transactions contemplated hereby. Each Party certifies and acknowledges that it: (a) understands and has considered the implications of this waiver;
(b) makes this waiver voluntarily; and (c) has been induced to enter into this Agreement by, among other things, the mutual waiver in this Section 9.8. 

9.9 Amendments and Waivers. No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and
signed by each Party. No waiver by any party of any condition or provision of this Agreement or any default, misrepresentation or breach of any representation, warranty, covenant or agreement hereunder, whether intentional or not, shall be valid
unless the same shall be in writing and signed by the party making such a waiver, nor shall such waiver be deemed to extend to any prior or subsequent default, misrepresentation or breach of any representation, warranty, covenant or agreement
hereunder, or affect in any way any rights arising by virtue of any prior or subsequent such occurrence. 
 9.10 Severability. Any
term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending
term or provision in any other situation or in any other jurisdiction. 
 9.11 Expenses. Except as otherwise provided in this
Agreement, each Party shall bear its own costs and expenses (including legal fees and expenses) incurred in connection with this Agreement and the transactions contemplated hereby; provided, that all transfer, documentary, sales, use, stamp,
registration and other such Taxes, and all conveyance fees, recording charges and other fees and charges (including any penalties and interest) incurred in connection with the consummation of the transactions contemplated by this Agreement
(“Transfer Taxes”) shall be borne by Buyer, and each Party agrees to file all necessary documentation (including all Tax Returns) with respect to such Transfer Taxes in a timely manner, and, if required by applicable Law, the
Parties shall, and shall cause their Affiliates to, join in the execution of any such Tax Returns and other documentation. 
 9.12 Further
Assurances. After the Closing Date, Seller shall, from time to time at Buyer’s request and expense, execute and deliver, or cause to be executed and delivered, such further instruments of conveyance, assignment and transfer or other
documents, and perform such further acts and obtain such further consents, as Buyer may reasonably require in order to fully effect the conveyance and transfer to Buyer or its designees of the Purchased Interests, or to otherwise comply with the
provisions of this Agreement and consummate the transactions contemplated by this Agreement and the Ancillary Agreements. 
 9.13 Specific
Performance. The Parties acknowledge and agree that the failure of Buyer or Seller to perform its agreements and covenants hereunder and in the Ancillary Agreements, including its failure to take all actions as are necessary on its part to
consummate the transactions contemplated hereby and thereby, will cause irreparable injury to Seller or Buyer, respectively, for which damages, even if available, will not be an adequate remedy. Accordingly, each party hereby consents to the
issuance of injunctive relief (without requirement 

  
 28 

 
to post any bond or other security) by any court of competent jurisdiction to compel performance of each Party’s obligations and to the granting by any court of the remedy of specific
performance of its obligations hereunder and the terms hereof. For the avoidance of doubt, the Parties agree that Buyer or Seller may seek to compel specific performance by Seller or Buyer, respectively, for the consummation of the transactions
contemplated hereunder. Notwithstanding anything to the contrary in this Agreement, if all of the conditions under Sections 6.1 and 6.2 (other than those conditions that may only be satisfied on the Closing Date, provided
that such conditions are capable of being satisfied) have been satisfied on or prior to the Outside Date, or have been waived in whole or in part by Buyer prior to the Outside Date, and Buyer fails to effect the Closing in breach of its obligations
hereunder, then (a) Seller shall have been caused irreparable harm, (b) money damages will be inadequate to remedy such harm, and (c) Seller shall be entitled, without the requirement of posting a bond or other security, to obtain
equitable relief, including obtaining an order requiring specific performance by Buyer of the terms of this Agreement. Notwithstanding anything to the contrary in this Agreement, if all of the conditions under Sections 6.1 and 6.3
(other than those conditions that may only be satisfied on the Closing Date, provided that such conditions are capable of being satisfied) have been satisfied on or prior to the Outside Date, or have been waived in whole or in part by Seller
prior to the Outside Date, and Seller fails to effect the Closing in breach of its obligations hereunder, then (a) Buyer shall have been caused irreparable harm, (b) money damages will be inadequate to remedy such harm, and (c) Buyer
shall be entitled, without the requirement of posting a bond or other security, to obtain equitable relief, including obtaining an order requiring specific performance by Seller of the terms of this Agreement. 

9.14 Construction. 
 9.14.1
The Parties have participated jointly in the negotiation and drafting of 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 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. 

9.14.2 Any reference to any federal, state, local or foreign Law shall be deemed also to refer to all rules and regulations promulgated
thereunder, unless the context requires otherwise. 
 9.14.3 Unless the context otherwise requires, as used in this Agreement,
(a) “including” and its variants mean “including, without limitation” and its variants, and shall not be construed to limit any general statement that it follows to the specific or similar items or matters immediately
following it; (b) words defined in the singular have the parallel meaning in the plural and vice versa; (c) the terms “hereof,” “herein,” “hereby,” “hereto,” and derivative or similar words refer to
this entire Agreement and any Exhibits hereto; (d) all Sections and Exhibits referred to herein are, respectively, Sections of, and Exhibits to, this Agreement; (e) words importing any gender shall include other genders; (f) a dollar
figure ($) used in this Agreement shall mean United States dollars; (g) any reference to “days” means calendar days, unless Business Days are expressly specified; and (h) the use of “or” is not intended to be
exclusive unless expressly indicated otherwise. 

  
 29 

 9.14.4 A reference to a notice, consent or approval to be delivered under or pursuant to this
Agreement means a written notice, consent or approval. 
 9.14.5 A reference to any Person includes such Person’s successors and assigns
to the extent such successors or assigns are permitted by the terms of the applicable agreement. 
 9.14.6 All payments under or pursuant to
this Agreement shall be made by wire transfer in United States dollars in immediately available funds. 
 9.15 Incorporation of
Exhibits. The Exhibits identified in this Agreement are incorporated herein by reference and made a part hereof. 
 * * * * * 

  
 30 

 IN WITNESS WHEREOF, the Parties have executed this Purchase Agreement on the date first above
written. 
  

									
	SELLER:	 		 	BUYER:
			
	[NAME OF GTIS ENTITY]	 		 	LGI HOMES, INC.
					
	By:	 	 	 		 	By:	 	 
					
	Name: 	 	 	 		 	Name: 	 	 
					
	Title	 	 	 		 	Title	 	 

 [Signature Page to Purchase Agreement] 

 Exhibit A 

Purchase Price Calculation* 
  

													
	 	  	 	 	  	Buyer Common Share	 	  	 	 
	 Transaction
	  	Closing Cash Payment	 	  	Consideration Total Value	 	  	Purchase Price	 
	 [NAME OF LGI-GTIS JOINT VENTURE] Purchase
	  	$	36,848,475	  	  	$	4,500,000	  	  	$	41,348,475	  

  

	*	$41,348,475 represents the aggregate purchase price for the purchase by Buyer of all of Seller’s or Seller’s applicable Affiliate’s limited liability company interests in each of the JVs pursuant to this
Agreement and the Purchase Agreements. By no later than the date that is ten (10) Business Days following the date that Buyer provides written notice to Seller that the IPO Closing is imminent, Seller will deliver to Buyer an updated Exhibit
A in connection with this Agreement and an updated Exhibit A in connection with each Purchase Agreement, in each case reflecting only the amounts allocable to the transactions contemplated by this Agreement and such Purchase Agreement,
respectively. The Parties acknowledge and agree that the amount set forth under the column titled “Purchase Price” on each Exhibit A delivered pursuant to the preceding sentence shall not exceed $41,348,475 in the aggregate,
$36,848,475 of which will be the aggregate Closing Cash Payment and $4,500,000 of which will be the aggregate value of the Buyer Common Shares issued at the IPO Price pursuant to this Agreement and the Purchase Agreements. At and following the
Closing, all references to Exhibit A in this Agreement shall be deemed to be references to Exhibit A, as updated in accordance with this paragraph.

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