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      Exhibit 10.1

      

      

      Purchase Agreement

       

      

      August 3, 2021 

      

      

      	
              BofA Securities, Inc.

            	 
	
                   As Representative of the Initial Purchasers

            	 
	
              One Bryant Park

            	 
	
              New York, New York  10036

            	 

      

      

      Ladies and Gentlemen:

      

      

      Introductory.  Century Communities, Inc., a Delaware
          corporation (the “Company”), proposes to issue and sell to BofA Securities, Inc. and the other several Initial Purchasers named in Schedule A hereto (the “Initial Purchasers”),

          acting severally and not jointly, the respective amounts set forth in such Schedule A of $500,000,000 aggregate principal amount of the Company’s 3.875% Senior Notes due 2029 (the “Notes”). BofA Securities,
          Inc. has agreed to act as the representative of the several Initial Purchasers (the “Representative”) in connection with the offering and sale of the Notes (the “Offering”).

      

      

      The Securities (as defined below) will be issued pursuant to an indenture, dated as of the Closing Date (as defined in Section 2 hereof), among the Company, the Guarantors (as defined below), and U.S. Bank National
        Association, as trustee (the “Trustee”), relating to the issuance of the Securities, (the “Indenture”).

      

      

      The Notes will be issued only in book-entry form in the name of Cede & Co., as nominee of The Depository Trust Company (the “Depositary”) pursuant to a letter of
        representations, to be dated on or before the Closing Date (the “DTC Agreement”), among the Company, the Trustee and the Depositary.

      

      

      The payment of principal of, premium, if any, and interest on the Notes will be fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally by (i) the entities listed on the signature pages
        hereof as “Guarantors” and (ii) any subsidiary of the Company formed or acquired after the Closing Date that executes an additional guarantee in accordance with the terms of the Indenture, and their respective successors and assigns (collectively,
        the “Guarantors”), pursuant to their guarantees (the “Guarantees”).  The Notes and the Guarantees attached thereto are herein collectively referred to as the “Securities.”

      

      

      The Company has issued a conditional notice of redemption calling for the redemption (the “Redemption”), on September 2, 2021, of all of the Company’s outstanding 5.875% Senior
        Notes due 2025 (the “2025 Notes”) at a redemption price equal to 102.938% of the principal amount of the 2025 Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date (the
        “Redemption”).  The Company’s obligation to redeem the 2025 Notes is conditioned upon the prior consummation of the Offering and the issuance of the Notes on or prior to the Redemption Date.  The Company will
        use the net proceeds of the Offering, along with cash on hand, to finance the aggregate redemption price to be paid for the 2025 Notes in connection with the Redemption.

      

      

      The issuance and sale of the Notes, the issuance of the Guarantees, the Redemption, and the payment of transaction costs are referred to herein collectively as the “Transactions.”

      

      

      This Agreement, the DTC Agreement, the Securities, and the Indenture are referred to herein as the “Transaction Documents.”

      

      

      
        
          

      

      
      The Company understands that the Initial Purchasers propose to make an offering of the Securities on the terms and in the manner set forth herein and in the Pricing Disclosure Package (as defined below) and agrees that
        the Initial Purchasers may resell, subject to the conditions set forth herein, the Securities to purchasers (the “Subsequent Purchasers”) on the terms set forth in the Pricing Disclosure Package (the first
        time when sales of the Securities are made is referred to as the “Time of Sale”).  The Securities are to be offered and sold to or through the Initial Purchasers without being registered with the Securities
        and Exchange Commission (the “Commission”) under the Securities Act of 1933 (as amended, the “Securities Act,” which term, as used herein, includes the rules and
        regulations of the Commission promulgated thereunder), in reliance upon exemptions therefrom.  Pursuant to the terms of the Securities and the Indenture, investors who acquire Securities shall be deemed to have agreed that Securities may only be
        resold or otherwise transferred, after the date hereof, if such Securities are registered for sale under the Securities Act or if an exemption from the registration requirements of the Securities Act is available (including the exemptions afforded
        by Rule 144A under the Securities Act (“Rule 144A”) or Regulation S under the Securities Act (“Regulation S”)).

      

      

      The Company has prepared and delivered to each Initial Purchaser copies of a Preliminary Offering Memorandum, dated August 3, 2021 (the “Preliminary Offering Memorandum”), and
        has prepared and delivered to each Initial Purchaser copies of a Pricing Supplement, dated August 3, 2021 (the “Pricing Supplement”), describing the terms of the Securities, each for use by such Initial
        Purchaser in connection with its solicitation of offers to purchase the Securities.  The Preliminary Offering Memorandum and the Pricing Supplement are herein referred to as the “Pricing Disclosure Package.” 
        Promptly after this Agreement is executed and delivered, the Company will prepare and deliver to each Initial Purchaser a final offering memorandum dated the date hereof (the “Final Offering Memorandum”).

      

      

      All references herein to the terms “Pricing Disclosure Package” and “Final Offering Memorandum” shall be deemed to mean and include all information filed under the Securities Exchange Act of 1934 (as amended, the “Exchange Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder) prior to the Time of Sale and incorporated by reference in the Pricing Disclosure Package
        (including the Preliminary Offering Memorandum) or the Final Offering Memorandum (as the case may be), and all references herein to the terms “amend,” “amendment” or “supplement” with respect to the Final Offering Memorandum shall be deemed to mean and include all information filed under the Exchange Act after the Time of Sale and incorporated by reference in the Final
        Offering Memorandum.

      

      

      The Company and the Guarantors each hereby confirms its agreements with the Initial Purchasers as follows:

      

      

      SECTION 1.        Representations and Warranties.  Each of the Company and the Guarantors, jointly and severally, hereby represents, warrants and covenants to each Initial
        Purchaser that, as of the date hereof and as of the Closing Date (references in this Section 1 to the “Offering Memorandum” are to (x) the Pricing Disclosure Package in the case of representations and
        warranties made as of the date hereof and (y) the Pricing Disclosure Package and the Final Offering Memorandum in the case of representations and warranties made as of the Closing Date):

      

      

      (a)           No Registration Required.  Subject to compliance by the Initial Purchasers with the representations and warranties set forth in Section 2 hereof and with the
        procedures set forth in Section 7 hereof, it is not necessary in connection with the offer, sale and delivery of the Securities to the Initial Purchasers and to each Subsequent Purchaser in the manner contemplated by this Agreement and the Offering
        Memorandum to register the Securities under the Securities Act or to qualify the Indenture under the Trust Indenture Act of 1939 (the “Trust Indenture Act,” which term, as used herein, includes the rules and
        regulations of the Commission promulgated thereunder).

      

      

      
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      (b)           No Integration of Offerings or General Solicitation.  None of the Company, its affiliates (as such term is defined in Rule 501(b) under the Securities Act) (each,
        an “Affiliate”), or any person acting on its or any of their behalf (other than the Initial Purchasers, as to whom the Company and the Guarantors make no representation or warranty) has, directly or
        indirectly, solicited any offer to buy or offered to sell, or will, directly or indirectly, solicit any offer to buy or offer to sell, in the United States or to any United States citizen or resident, any security which is or would be integrated
        with the sale of the Securities in a manner that would require the Securities to be registered under the Securities Act.  None of the Company, its Affiliates, or any person acting on its or any of their behalf (other than the Initial Purchasers, as
        to whom the Company and the Guarantors make no representation or warranty) has engaged or will engage, in connection with the offering of the Securities, in any form of general solicitation or general advertising within the meaning of Rule 502(c)
        under the Securities Act (each, a “General Solicitation”).  With respect to those Securities sold in reliance upon Regulation S, (i) none of the Company, its Affiliates or any person acting on its or their
        behalf (other than the Initial Purchasers, as to whom the Company and the Guarantors make no representation or warranty) has engaged or will engage in any directed selling efforts within the meaning of Regulation S and (ii) each of the Company and
        its Affiliates and any person acting on its or their behalf (other than the Initial Purchasers, as to whom the Company and the Guarantors make no representation or warranty) has complied and will comply with the offering restrictions set forth in
        Regulation S to the extent applicable.

      

      

      (c)           Eligibility for Resale under Rule 144A.  The Securities are eligible for resale pursuant to Rule 144A and will not be, at the Closing Date, of the same class as
        securities listed on a national securities exchange registered under Section 6 of the Exchange Act or quoted in a U.S. automated interdealer quotation system.

      

      

      (d)           The Pricing Disclosure Package and Offering Memorandum.  Neither the Pricing Disclosure Package, as of the Time of Sale, nor the Final Offering Memorandum, as of
        its date or (as amended or supplemented in accordance with Section 3(a), as applicable) as of the Closing Date, contains or represents an untrue statement of a material fact or omits to state a material fact necessary in order to make the
        statements therein, in the light of the circumstances under which they were made, not misleading; provided that this representation, warranty and agreement shall not apply to statements in or omissions from the Pricing Disclosure Package, the Final
        Offering Memorandum or any amendment or supplement thereto made in reliance upon and in conformity with information furnished to the Company in writing by any Initial Purchaser through the Representative expressly for use in the Pricing Disclosure
        Package, the Final Offering Memorandum or amendment or supplement thereto, as the case may be.  The Pricing Disclosure Package contains, and the Final Offering Memorandum will contain, all the information specified in, and meeting the requirements
        of, Rule 144A.

      

      

      (e)           Company Additional Communications.  The Company and the Guarantors have not prepared, made, used, authorized, approved or distributed any written communication
        that constitutes an offer to sell or solicitation of an offer to buy the Securities, other than (i) the Pricing Disclosure Package, (ii) the Final Offering Memorandum and (iii) any electronic road show or other written communications, in each case
        used in accordance with Section 3(a).  Each such communication by the Company, the Guarantors or their agents and representatives pursuant to clause (iii) of the preceding sentence (each, a “Company Additional
          Communication”), when taken together with the Pricing Disclosure Package, did not as of the Time of Sale, and at the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order
        to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that this representation, warranty and agreement shall not apply to statements in or omissions from each such Company Additional
        Communication made in reliance upon and in conformity with information furnished to the Company in writing by any Initial Purchaser through the Representative expressly for use in any Company Additional Communication.

      

      

      
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      (f)           The Purchase Agreement.  This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.

      

      

      (g)           The DTC Agreement.  The DTC Agreement has been duly authorized and, on the Closing Date, will have been duly executed and delivered by, and will constitute a
        valid and binding agreement of, the Company, enforceable in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights
        and remedies of creditors or by general equitable principles.

      

      

      (h)           Authorization of the Notes and the Guarantees.  The Notes to be purchased by the Initial Purchasers from the Company will on the Closing Date be in the form
        contemplated by the Indenture, have been duly authorized by the Company for issuance and sale pursuant to this Agreement and the Indenture and, at the Closing Date, will have been duly executed by the Company and, when authenticated in the manner
        provided for in the Indenture and delivered against payment of the purchase price therefor, will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, except as the enforcement thereof may be limited
        by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles and will be entitled to the benefits of the Indenture.  The Guarantees of
        the Notes on the Closing Date will be in the form contemplated by the Indenture and have been duly authorized by the Guarantors for issuance pursuant to this Agreement and the Indenture; the Guarantees of the Notes, at the Closing Date, will have
        been duly executed by each of the Guarantors and, when the Notes have been authenticated in the manner provided for in the Indenture and issued and delivered against payment of the purchase price therefor, the Guarantees of the Notes will
        constitute valid and binding agreements of the Guarantors.

      

      

      (i)            Authorization of the Indenture.  The Indenture has been duly authorized by the Company and the Guarantors and, at the Closing Date, will have been duly executed
        and delivered by the Company and the Guarantors and will constitute a valid and binding agreement of the Company and the Guarantors, enforceable against the Company and the Guarantors in accordance with its terms, except as the enforcement thereof
        may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles.

      

      

      (j)            Description of the Transaction Documents.  The Transaction Documents will conform in all material respects to the respective statements relating thereto
        contained in the Offering Memorandum.

      

      

      (k)           No Material Adverse Change.  Except as otherwise disclosed in the Offering Memorandum (exclusive of any amendment or supplement thereto), subsequent to the
        respective dates as of which information is given in the Offering Memorandum (exclusive of any amendment or supplement thereto):  (i) there has been no material adverse change, or any development that could reasonably be expected to result in a
        material adverse change, on (x) the business, condition (financial or otherwise), results of operations or prospects of the Company and its subsidiaries, taken as a whole, or (y) the consummation of the transactions contemplated by the Pricing
        Disclosure Package or the Final Offering Memorandum (any such change is called a “Material Adverse Change”); (ii) the Company and its subsidiaries, considered as one entity, have not incurred any material
        liability or obligation, indirect, direct or contingent, not in the ordinary course of business nor entered into any material transaction or agreement not in the ordinary course of business; and (iii) there has been no dividend or distribution of
        any kind declared, paid or made by the Company or, except for dividends paid to the Company or other subsidiaries, any of its subsidiaries on any class of capital stock or other ownership interest or repurchase or redemption by the Company or any
        of its subsidiaries of any class of capital stock.

      

      

      
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      (l)            Independent Accountants for the Company.  Ernst & Young LLP, independent registered public accounting firm for the Company and the Guarantors, which has
        expressed its opinions with respect to the financial statements (which term as used in this Agreement includes the related notes thereto) and supporting schedules of the Company incorporated by reference in the Offering Memorandum, is an
        independent registered public accounting firm within the meaning of the Securities Act, the Exchange Act and the rules of the Public Company Accounting Oversight Board, and any non-audit services provided by Ernst & Young LLP to the Company or
        any of the Guarantors have been approved by the Audit Committee of the Board of Directors of the Company.

      

      

      (m)          [Reserved]

      

      

      (n)           Preparation of the Financial Statements and Financial Information.  The financial statements of the Company, together with the related schedules and notes,
        incorporated by reference in the Offering Memorandum present fairly in all material respects the consolidated financial position of the entities to which they relate as of and at the dates indicated and the results of their operations and cash
        flows for the periods specified.  Such financial statements have been prepared in conformity with generally accepted accounting principles as applied in the United States (“GAAP”) applied on a consistent
        basis throughout the periods involved, except as may be expressly stated in the related notes thereto.  The financial data set forth in the Offering Memorandum under the captions “Summary–Summary of Selected Financial Data” and “Selected Financial
        Data” fairly present in all material respects the information set forth therein on a basis consistent with that of the audited financial statements contained in the Offering Memorandum.  The statistical and market‐related data and forward‐looking
        statements included in the Offering Memorandum are based on or derived from sources that the Company and its subsidiaries believe to be reliable and accurate in all material respects and represent their good faith estimates that are made on the
        basis of data derived from such sources.  The interactive data in eXtensible Business Reporting Language incorporated by reference in the Offering Memorandum and the Pricing Disclosure Package fairly present the information called for in all
        material respects and have been prepared in accordance with the Commission’s rules and guidelines applicable thereto.

      

      

      (o)           Incorporation and Good Standing of the Company and its Guarantors.  Each of the Company and the Guarantors has been duly incorporated or formed, as applicable,
        and is validly existing as a corporation, limited partnership or limited liability company, as applicable, in good standing under the laws of the jurisdiction of its incorporation or formation, as applicable, and has corporate, partnership or
        limited liability company, as applicable, power and authority to own, lease and operate its properties and to conduct its business as described in the Offering Memorandum and to enter into and perform its obligations under each of the Transaction
        Documents to which it is a party.  Each of the Company and each Guarantor is duly qualified as a foreign corporation, limited partnership or limited liability company, as applicable, to transact business and is in good standing in each jurisdiction
        in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except for such jurisdictions where the failure to so qualify or to be in good standing would not, individually or in the
        aggregate, result in a Material Adverse Change.  All of the issued and outstanding capital stock or other ownership interest of each Guarantor has been duly authorized and validly issued, is fully paid and nonassessable and is owned by the Company,
        directly or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance or claim, except as disclosed in the Offering Memorandum.  The Company does not own or control, directly or indirectly, any corporation,
        association or other entity other than the subsidiaries listed in Exhibit B hereto.  All of the Company’s subsidiaries that are not also Guarantors are dormant non-operating subsidiaries with no operations or assets and such subsidiaries are,
        individually and in the aggregate with all other non-Guarantor subsidiaries, immaterial to the Company.

      

      

      
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      (p)           Capitalization and Other Capital Stock Matters.  At June 30, 2021, on a consolidated basis, after giving pro forma effect to the issuance and sale of the
        Securities pursuant hereto, the Company would have an authorized and outstanding capitalization as set forth in the Offering Memorandum under the heading “As Adjusted” in the section entitled “Capitalization” (other than for subsequent issuances of
        capital stock, if any, pursuant to employee benefit plans described in the Offering Memorandum or upon exercise of outstanding options described in the Offering Memorandum).  All of the outstanding shares of common stock of the Company (the “Common Stock”) have been duly authorized and validly issued, are fully paid and nonassessable and have been issued in compliance with federal and state securities laws.  None of the outstanding shares of Common
        Stock were issued in violation of any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase securities of the Company.  There are no authorized or outstanding options, warrants, preemptive rights, rights of
        first refusal or other rights to purchase, or equity or debt securities convertible into or exchangeable or exercisable for, any capital stock of the Company or any of its subsidiaries other than those accurately described in the Offering
        Memorandum.  The description of the Company’s stock option, stock bonus and other stock plans or arrangements, and the options or other rights granted thereunder, in the Offering Memorandum accurately and fairly describes, in all material respects,
        such plans, arrangements, options and rights.

      

      

      (q)           Non-Contravention of Existing Instruments; No Further Authorizations or Approvals Required.  Neither the Company nor any of its subsidiaries is (i) in violation
        of its charter, bylaws or other constitutive document or (ii) in default (or, with the giving of notice or lapse of time, would be in default) (“Default”) under any indenture, mortgage, loan or credit
        agreement, note, contract, franchise, lease or other instrument to which the Company or any of its subsidiaries is a party or by which it or any of them may be bound (including, without limitation, (x) the indenture, dated as of May 12, 2017, as
        supplemented by the First Supplemental Indenture, dated as of October 17, 2017, and the Second Supplemental Indenture, dated as of June 21, 2018 (as supplemented, the “Existing 2017 Indenture”), (y) the
        indenture, dated as of May 23, 2019 (the “Existing 2019 Indenture”) and (z) the Company’s Amended and Restated Credit Agreement, dated June 5, 2018, as amended and/or supplemented by the Joinder Agreement,
        dated as of June 28, 2018, and the Commitment Increase and Joinder Agreement, dated as of February 12, 2019), or to which any of the property or assets of the Company or any of its subsidiaries is subject (each, an “Existing

          Instrument”), except, in the case of clause (ii) above, for such Defaults as would not, individually or in the aggregate, result in a Material Adverse Change.  The execution, delivery and performance of the Transaction Documents by the
        Company and the Guarantors party thereto, and the issuance and delivery of the Securities, and consummation of the transactions contemplated hereby and thereby and by the Offering Memorandum (i) have been duly authorized by all necessary corporate
        or other action and will not result in any violation of the provisions of the charter, bylaws or other constitutive document of the Company or any subsidiary, (ii) will not conflict with or constitute a breach of, or Default or a Debt Repayment
        Triggering Event (as defined below) under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or any of its subsidiaries pursuant to, or require the consent of any other party to,
        any Existing Instrument, except for such conflicts, breaches, Defaults, liens, charges or encumbrances as would not, individually or in the aggregate, result in a Material Adverse Change and (iii) will not result in any violation of any law,
        administrative regulation or administrative or court decree applicable to the Company or any subsidiary, except for such violations as would not, individually or in the aggregate, result in a Material Adverse Change.  No consent, approval,
        authorization or other order of, or registration or filing with, any court or other governmental or regulatory authority or agency is required for the execution, delivery and performance of the Transaction Documents by the Company and the
        Guarantors to the extent a party thereto, or the issuance and delivery of the Securities, or consummation of the transactions contemplated hereby and thereby and by the Offering Memorandum, except such as have been obtained or made by the Company
        and the Guarantors and are in full force and effect under the Securities Act, under applicable securities laws of the several states of the United States or provinces of Canada.  As used herein, a “Debt Repayment
          Triggering Event” means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the
        right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

      

      

      
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      (r)           No Material Actions or Proceedings.  Other than as described in the Pricing Disclosure Package and the Final Offering Memorandum, there are no legal or
        governmental actions, suits or proceedings pending or, to the Company’s and the Guarantors’ knowledge, threatened (i) against or affecting the Company or any of its subsidiaries or (ii) which has as the subject thereof any property owned or leased
        by, the Company or any of its subsidiaries and which (in the case of clauses (i) or (ii)), if determined adversely to the Company or such subsidiary, would result in a Material Adverse Change or adversely affect the consummation of the transactions
        contemplated by this Agreement.  No material labor dispute with the employees of the Company or any of its subsidiaries exists or, to the Company’s and the Guarantors’ knowledge, is threatened or imminent.

      

      

      (s)           Intellectual Property Rights.  The Company and its subsidiaries own or possess sufficient trademarks, trade names, patent rights, copyrights, licenses, approvals,
        trade secrets and other similar rights (collectively, “Intellectual Property Rights”) reasonably necessary to conduct their businesses as now conducted; and the expected expiration of any of such Intellectual
        Property Rights would not result in a Material Adverse Change.  Neither the Company nor any of its subsidiaries has received any notice of infringement or conflict with asserted Intellectual Property Rights of others, which infringement or
        conflict, if the subject of an unfavorable decision, would result in a Material Adverse Change.

      

      

      (t)            All Necessary Permits, etc.  The Company and each subsidiary possess such valid and current certificates, authorizations or permits issued by the appropriate
        state, federal or foreign regulatory agencies or bodies necessary to own, lease and operate its properties and to conduct their respective businesses, except to the extent that any failure to have such certificates, authorizations or permits would
        reasonably be expected, singly or in the aggregate, to result in a Material Adverse Change.  Neither the Company nor any subsidiary has received any notice of proceedings relating to the revocation or modification of, or non-compliance with, any
        such certificate, authorization or permit which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would result in a Material Adverse Change.

      

      

      (u)           Title to Properties.  The Company and each of its subsidiaries has good legal, valid and defensible title to all the properties and assets reflected as owned in
        the financial statements referred to in Section 1(l) hereof (or elsewhere in the Offering Memorandum), in each case free and clear of any security interests, mortgages, liens, encumbrances, equities, claims and other defects, except as (i)
        disclosed in the Offering Memorandum, or (ii) such as do not materially and adversely affect the value of such property, do not materially interfere with the use made or proposed to be made of such property by the Company or such subsidiary, and
        would not otherwise result in a Material Adverse Change.  The real property, improvements, equipment and personal property held under lease by the Company or any subsidiary are held under valid and enforceable leases, with such exceptions as are
        not material and do not materially interfere with the use made or proposed to be made of such real property, improvements, equipment or personal property by the Company or such subsidiary, and would not otherwise result in a Material Adverse
        Change, and except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles.

      

      

      
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      (v)           Tax Law Compliance.  Except where such failure to file or pay an assessment, fine or penalty would not in the aggregate reasonably be expected, individually or in
        the aggregate, to result in a Material Adverse Change or where such matters have been properly extended or are the result of a pending bona fide dispute with taxing authorities, the Company and its consolidated subsidiaries have filed all necessary
        federal, state and foreign income and franchise tax returns or have properly requested extensions thereof and have paid all taxes required to be paid by any of them and, if due and payable, any related or similar assessment, fine or penalty levied
        against any of them.  The Company has made adequate charges, accruals and reserves in accordance with GAAP in the applicable financial statements referred to in Section 1(m) hereof in respect of all federal, state and foreign income and franchise
        taxes for all periods as to which the tax liability of the Company or any of its consolidated subsidiaries has not been finally determined.

      

      

      (w)          Company and Guarantors Not an “Investment Company.”  The Company has been advised of the rules and requirements under the Investment Company Act of 1940, as amended
        (the “Investment Company Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder).  Neither the Company nor any Guarantor is, or after receipt of payment
        for the Securities will be, an “investment company” within the meaning of the Investment Company Act and will conduct its business in a manner so that it will not become subject to the Investment Company Act.

      

      

      (x)           Insurance.  Each of the Company and its subsidiaries are insured by recognized and, to the knowledge of the Company and the Guarantors, financially sound
        institutions with policies in such amounts and with such deductibles and covering such risks as they reasonably believe are generally deemed adequate and customary for their businesses including, without limitation, to the extent that they
        reasonably so believe, policies covering real and personal property owned or leased by the Company and its subsidiaries against theft, damage, destruction, acts of vandalism, flood and earthquakes.  The Company has no reason to believe that it or
        any subsidiary will not be able (i) to renew its existing insurance coverage as and when such policies expire or (ii) to obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now
        conducted and at a cost that would not result in a Material Adverse Change.

      

      

      (y)           [Reserved]

      

      

      (z)           No Price Stabilization or Manipulation.  None of the Company or any of the Guarantors has taken or will take, directly or indirectly, any action designed to or
        that might be reasonably expected to cause or result in stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Securities.

      

      

      (aa)          Solvency.  Each of the Company and the Guarantors is, and immediately after the Closing Date will be, Solvent.  As used herein, the term “Solvent” means, with respect to any person on a particular date, that on such date (i) the fair market value of the assets of such person is greater than the total amount of liabilities (including contingent
        liabilities) of such person, (ii) the present fair salable value of the assets of such person is greater than the amount that will be required to pay the probable liabilities of such person on its debts as they become absolute and matured, (iii)
        such person is able to realize upon its assets and pay its debts and other liabilities, including contingent obligations, as they mature and (iv) such person does not have unreasonably small capital.

      

      

      
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      (bb)         Company’s Accounting System.  The Company and its subsidiaries maintain systems of “internal control over financial reporting” (as defined in Rule 13a-15(f) of the
        Exchange Act) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of, their respective principal executive and principal financial officers, or persons performing similar functions, to provide
        reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP.  The Company and its subsidiaries maintain a system of accounting controls that is
        sufficient to provide reasonable assurances that:  (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of financial statements in
        conformity with GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; (iv) the recorded accountability for assets is compared with existing assets
        at reasonable intervals and appropriate action is taken with respect to any differences; and (v) the interactive data in eXtensible Business Reporting Language included or incorporated by reference in the Offering Memorandum and the Pricing
        Disclosure Package fairly present the information called for in all material respects and are prepared in accordance with the Commission’s rules and guidelines applicable thereto.

      

      

      (cc)         Disclosure Controls and Procedures.  The Company has established and maintains disclosure controls and procedures (as such term is defined in Rules 13a-15 and
        15d-15 under the Exchange Act); such disclosure controls and procedures are designed to ensure that material information relating to the Company and its subsidiaries is made known to the chief executive officer and chief financial officer of the
        Company by others within the Company or any of its subsidiaries, and such disclosure controls and procedures are reasonably effective to perform the functions for which they were established subject to the limitations of any such control system;
        the Company’s auditors and the Audit Committee of the Board of Directors of the Company have been advised of:  (i) any significant deficiencies or material weaknesses in the design or operation of internal controls which could adversely affect the
        Company’s ability to record, process, summarize, and report financial data; and (ii) any fraud, whether or not material, that involves management or other employees who have a role in the Company’s internal controls; and since the date of the most
        recent evaluation of such disclosure controls and procedures, there have been no significant changes in internal controls or in other factors that could significantly affect internal controls, including any corrective actions with regard to
        significant deficiencies and material weaknesses.

      

      

      (dd)         Regulations T, U, X.  Neither the Company nor any Guarantor nor any of their respective subsidiaries nor any agent thereof acting on their behalf has taken, and
        none of them will take, any action that might cause this Agreement or the issuance or sale of the Securities to violate Regulation T, Regulation U or Regulation X of the Board of Governors of the Federal Reserve System.

      

      

      
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      (ee)         Compliance with and Liability Under Environmental Laws.  Except as would not, individually or in the aggregate, reasonably be expected to result in a Material
        Adverse Change:  (i) each of the Company and its subsidiaries and their respective operations and facilities are in compliance with, and not subject to any known liabilities under, applicable Environmental Laws, which compliance includes, without
        limitation, having obtained and being in compliance with any permits, licenses or other governmental authorizations or approvals, and having made all filings and provided all financial assurances and notices, required for the ownership and
        operation of the business, properties and facilities of the Company or its subsidiaries under applicable Environmental Laws, and compliance with the terms and conditions thereof; (ii) neither the Company nor any of its subsidiaries has received any
        written communication, whether from a governmental authority, citizens group, employee or otherwise, that alleges that the Company or any of its subsidiaries is in violation of any Environmental Law; (iii) there is no claim, action or cause of
        action filed with a court or governmental authority, no investigation with respect to which the Company has received written notice, and no written notice by any person or entity alleging actual or potential liability on the part of the Company or
        any of its subsidiaries based on or pursuant to any Environmental Law pending or, to the best of the Company’s and the Guarantors’ knowledge, threatened against the Company or any of its subsidiaries or any person or entity whose liability under or
        pursuant to any Environmental Law the Company or any of its subsidiaries has retained or assumed either contractually or by operation of law; (iv) neither the Company nor any of its subsidiaries is conducting or paying for, in whole or in part, any
        investigation, response or other corrective action pursuant to any Environmental Law at any site or facility, nor is any of them subject or a party to any order, judgment, decree, contract or agreement which imposes any obligation or liability
        under any Environmental Law; (v) no lien, charge, encumbrance or restriction has been recorded pursuant to any Environmental Law with respect to any assets, facility or property owned, operated or leased by the Company or any of its subsidiaries;
        and (vi) there are no past or present actions, activities, circumstances, conditions or occurrences, including, without limitation, the Release or threatened Release of any Material of Environmental Concern, that could reasonably be expected to
        result in a violation of or liability under any Environmental Law on the part of the Company or any of its subsidiaries, including without limitation, any such liability which the Company or any of its subsidiaries has retained or assumed either
        contractually or by operation of law.

      

      

      For purposes of this Agreement, “Environment” means ambient air, indoor air, surface water, groundwater, drinking water, soil, surface and subsurface strata, and natural
        resources such as wetlands, flora and fauna.  “Environmental Laws” means the common law and all federal, state, local and foreign laws or regulations, ordinances, codes, orders, decrees, judgments and
        injunctions issued, promulgated or entered thereunder, relating to pollution or protection of the Environment or human health, including without limitation, those relating to (i) the Release or threatened Release of Materials of Environmental
        Concern; and (ii) the manufacture, processing, distribution, use, generation, treatment, storage, transport, handling or recycling of Materials of Environmental Concern.  “Materials of Environmental Concern”
        means any substance, material, pollutant, contaminant, chemical, waste, compound, or constituent, in any form, including without limitation, petroleum and petroleum products, subject to regulation or which can give rise to liability under any
        Environmental Law.  “Release” means any release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring, dumping, emptying, injection or leaching into the Environment, or into, from or
        through any building, structure or facility.

      

      

      (ff)          Periodic Review of Costs of Environmental Compliance.  In the ordinary course of its business, the Company conducts a periodic review of the effect of
        Environmental Laws on the business, operations and properties of the Company and its subsidiaries, in the course of which it identifies and evaluates associated costs and liabilities (including, without limitation, any capital or operating
        expenditures required for clean-up, closure of properties or compliance with Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential liabilities to third parties).  On the basis of
        such review and the amount of its established reserves, if any, the Company has reasonably concluded that such associated costs and liabilities would not, individually or in the aggregate, result in a Material Adverse Change.

      

      

      (gg)         ERISA Compliance.  Each “employee benefit plan” (as defined under the Employee Retirement Income Security Act of 1974 (as amended, “ERISA,” which term, as used herein, includes the regulations and published interpretations thereunder)) established, maintained, contributed to or required to be contributed to by the Company, its subsidiaries or their ERISA
        Affiliates (as defined below) (each, a “Benefit Plan”) is in compliance in all material respects with ERISA.  “ERISA Affiliate” means, with respect to the Company or a
        subsidiary, any member of any group of organizations described in Section 414 of the Internal Revenue Code of 1986 (as amended, the “Code,” which term, as used herein, includes the regulations and published
        interpretations thereunder) of which the Company or such subsidiary is a member.  No non-exempt “reportable event” (as defined under ERISA) has occurred or is reasonably expected to occur with respect to any Benefit Plan.  No “single employer plan”
        (as defined in Section 4001 of ERISA) established or maintained by the Company, its subsidiaries or any of their ERISA Affiliates, if such “employee benefit plan” were terminated, would have any “unfunded benefit liabilities” (as defined under
        ERISA).  Neither the Company, its subsidiaries nor any of their ERISA Affiliates has incurred or reasonably expects to incur any liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any Benefit Plan or (ii)
        Sections 412, 4971, 4975 or 4980B of the Code.  Each Benefit Plan that is intended to be qualified under Section 401 of the Code is subject to a favorable determination letter issued by the Internal Revenue Service providing that such plan is so
        qualified and nothing has occurred, whether by action or failure to act, which would cause the loss of such qualification.

      

      

      
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      (hh)         Compliance with Labor Laws.  Except as would not, individually or in the aggregate, result in a Material Adverse Change, (i) there is (A) no unfair labor practice
        complaint pending or, to the best of the Company’s and the Guarantors’ knowledge, threatened against the Company or any of its subsidiaries before the National Labor Relations Board, and no grievance or arbitration proceeding arising out of or
        under collective bargaining agreements pending, or to the best of the Company’s and the Guarantors’ knowledge, threatened, against the Company or any of its subsidiaries, (B) no strike, labor dispute, slowdown or stoppage pending or, to the best of
        the Company’s and the Guarantors’ knowledge, threatened against the Company or any of its subsidiaries and (C) no union representation question existing with respect to the employees of the Company or any of its subsidiaries and, to the best of the
        Company’s and the Guarantors’ knowledge, no union organizing activities taking place and (ii) there has been no violation of any federal, state or local law relating to discrimination in hiring, promotion or pay of employees or of any applicable
        wage or hour laws.

      

      

      (ii)           Related Party Transactions.  No relationship, direct or indirect, exists between or among any of the Company or any affiliate of the Company, on the one hand,
        and any director, officer, member, stockholder, customer or supplier of the Company or any affiliate of the Company, on the other hand, which is required by the Securities Act to be disclosed in a registration statement on Form S-1 which is not so
        disclosed in the Offering Memorandum.  There are no outstanding loans, advances (except advances for business expenses in the ordinary course of business) or guarantees of indebtedness by the Company or any affiliate of the Company to or for the
        benefit of any of the officers or directors of the Company or any affiliate of the Company or any of their respective family members.

      

      

      (jj)           No Unlawful Contributions or Other Payments.  Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company and the Guarantors, any
        director, officer, agent, employee or affiliate of the Company or any of its subsidiaries is aware of or has taken any action, directly or indirectly, that would result in (i) a violation by such persons of the FCPA or any applicable law or
        regulation implementing the OECD Convention, (ii) an offence by such persons under the Bribery Act, or (iii) a violation by such persons of any other applicable anti-bribery or anti-corruption law, including, without limitation, making use of the
        mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of
        anything of value to any foreign or domestic government official or employee, including of any government-owned or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of
        the foregoing, or any political party or party official or candidate for political office, in contravention of the FCPA, the OECD Convention, the Bribery Act and any other applicable anti-bribery or anti-corruption law, and the Company, its
        subsidiaries and, to the knowledge of the Company and the Guarantors, its affiliates have conducted their businesses in compliance with all applicable anti-bribery and anti-corruption laws and have instituted and maintain policies and procedures
        designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith.

      

      

      
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      “FCPA” means Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder.

      

      

      “OECD Convention” means OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

      

      

      “Bribery Act” means Bribery Act 2010 of the United Kingdom.

      

      

      (kk)         No Default in Senior Indebtedness.  No event of default exists under any contract, indenture, mortgage, loan agreement, note, lease or other agreement or
        instrument constituting senior Indebtedness (as defined in the Existing 2019 Indenture).

      

      

      (ll)           No Conflict with Money Laundering Laws.  The operations of the Company and its subsidiaries are and have been conducted at all times in compliance with
        applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the Money Laundering Control Act of 1986, as amended, any other money laundering statutes of all applicable
        jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”)

        and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of
        the Company and the Guarantors, threatened.

      

      

      (mm        No Conflict with Sanctions Laws.  Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company and the Guarantors, any director, officer,
        agent, employee or affiliate of the Company or any of its subsidiaries or other person associated with or acting on behalf of the Company or any of its subsidiaries is currently subject to any sanctions administered by the U.S. government
        (including, without limitation, the Office of Foreign Assets Control of the U.S. Department of Treasury (“OFAC”), the U.S. Department of Commerce, or the U.S. Department of State and including, without
        limitation, the designation as a “specially designated national” or “blocked person”), the United Nations Security Council (“UNSC”), the European Union, Her Majesty’s Treasury (“HMT”) or other relevant sanctions authority (collectively, “Sanctions”), nor is the Company or any of its subsidiaries located, organized or resident in a country or territory that is the
        subject of Sanctions, including, without limitation, Cuba, Iran, North Korea, Syria and Crimea (each, a “Sanctioned Country”). The Company will not, directly or indirectly, use the proceeds of the offering,
        or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person, (i) to fund any activities of or business with any person that, at the time of such funding, is the subject of Sanctions, or any
        Sanctioned Country or in any other country or territory, that, at the time of such funding, is the subject of Sanctions, or (ii) in any other manner that will result in a violation by any person (including any person participating in the offering,
        whether as underwriter, advisor, investor or otherwise) of Sanctions.  For the past five years, the Company and its subsidiaries have not knowingly engaged in and are not now knowingly engaged in any dealings or transactions with any person that at
        the time of the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country.

      

      

      (nn)         Stock Options.  No stock options have been granted pursuant to the stock-based compensation plans of the Company and its subsidiaries or otherwise.

      

      

      
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      (oo)         Regulation S.  The Company, the Guarantors and their respective affiliates and all persons acting on their behalf (other than the Initial Purchasers, as to whom
        the Company and the Guarantors make no representation) have complied with and will comply with the offering restrictions requirements of Regulation S in connection with the offering of the Securities outside the United States and, in connection
        therewith, the Offering Memorandum will contain the disclosure required by Rule 902.  The Securities sold in reliance on Regulation S will be represented upon issuance by a temporary global security that may not be exchanged for definitive
        securities until the expiration of the 40-day restricted period referred to in Rule 903 of the Securities Act and only upon certification of beneficial ownership of such Securities by non-U.S. persons or U.S. persons who purchased such Securities
        in transactions that were exempt from the registration requirements of the Securities Act.

      

      

      (pp)         Incorporated Documents.  The documents incorporated or deemed to be incorporated by reference in the Offering Memorandum at the time they were or hereafter are
        filed with the Commission (collectively, the “Incorporated Documents”) complied and will comply in all material respects with the requirements of the Exchange Act.  Each such Incorporated Document, when taken
        together with the Pricing Disclosure Package, did not as of the Time of Sale, and at the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in
        the light of the circumstances under which they were made, not misleading.

      

      

      (qq)         Compliance with Sarbanes-Oxley.  The Company and its subsidiaries and, to the knowledge of the Company, their respective officers and directors are, and at all
        times have been, in all material respects with the provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated thereunder that are effective and applicable to the Company or such person as an officer or director of the
        Company.

      

      

      (rr)          Cybersecurity; Data Protection.  The Company and its subsidiaries’ information technology assets and equipment, computers, systems, networks, hardware, software,
        websites, applications, and databases (collectively, “IT Systems”) are adequate for, and operate and perform in all material respects as required in connection with the operation of the business of the
        Company and its subsidiaries as currently conducted, free and clear of all material bugs, errors, defects, Trojan horses, time bombs, malware and other corruptants.  The Company and its subsidiaries have implemented and maintained commercially
        reasonable controls, policies, procedures, and safeguards to maintain and protect their material confidential information and the integrity, continuous operation, redundancy and security of all IT Systems and data (including all personal,
        personally identifiable, sensitive, confidential or regulated data (“Personal Data”)) used in connection with their businesses, and there have been no breaches, violations, outages or unauthorized uses of or
        accesses to same, except for those that have been remedied without material cost or liability or the duty to notify any other person, nor any incidents under internal review or investigations relating to the same.   The Company and its subsidiaries
        are presently in material compliance with all applicable laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority, internal policies and contractual obligations relating to
        the privacy and security of IT Systems and Personal Data and to the protection of such IT Systems and Personal Data from unauthorized use, access, misappropriation or modification.

      

      

      Any certificate signed by an officer of the Company or any Guarantor and delivered to the Initial Purchasers or to counsel for the Initial Purchasers shall be deemed to be a representation and warranty by the Company
        or such Guarantor to each Initial Purchaser as to the matters set forth therein.

      

      

      SECTION 2.        Purchase, Sale and Delivery of the Securities.

      

      

      (a)           The Securities.  Each of the Company and the Guarantors agrees to issue and sell to the Initial Purchasers, severally and not jointly, all of the Securities, and,
        subject to the conditions set forth herein, the Initial Purchasers agree, severally and not jointly, to purchase from the Company and the Guarantors the aggregate principal amount of Securities set forth opposite their names on Schedule A, at a
        purchase price of 99.125% of the principal amount thereof, plus accrued interest from August 23, 2021, payable on the Closing Date, in each case, on the basis of the representations, warranties and agreements herein contained, and upon the terms
        herein set forth.

      

      

      
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      (b)          The Closing Date.  Delivery of certificates for the Securities in definitive form to be purchased by the Initial Purchasers and payment therefor shall be made at the
        offices of Davis Polk & Wardwell LLP, 450 Lexington Avenue, New York, New York 10017 (or such other place as may be agreed to by the Company and the Representative) at 9:00 a.m. New York City time, on August 23, 2021, or such other time and
        date as the Representative shall designate by notice to the Company (the time and date of such closing are called the “Closing Date”).  The Company hereby acknowledges that circumstances under which the
        Representative may provide notice to postpone the Closing Date as originally scheduled include, but are in no way limited to, any determination by the Company or the Initial Purchasers to recirculate to investors copies of an amended or
        supplemented Offering Memorandum or a delay as contemplated by the provisions of Section 17 hereof.

      

      

      (c)           Delivery of the Securities.  The Company shall deliver, or cause to be delivered, to the Representative for the accounts of the several Initial Purchasers
        certificates for the Notes at the Closing Date against the irrevocable release of a wire transfer of immediately available funds for the amount of the purchase price therefor.  The certificates for the Securities shall be in such denominations and
        registered in the name of Cede & Co., as nominee of the Depositary, pursuant to the DTC Agreement, and shall be made available for inspection on the business day preceding the Closing Date at a location in New York City, as the Representative
        may designate.  Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Initial Purchasers.

      

      

      (d)           Initial Purchasers as Qualified Institutional Buyers.  Each Initial Purchaser severally and not jointly represents and warrants to, and agrees with, the Company
        that:

      

      

      (i)          it will offer and sell Securities only to (a) persons who it reasonably believes are “qualified institutional buyers” within the meaning of Rule 144A (“Qualified

          Institutional Buyers”) in transactions meeting the requirements of Rule 144A or (b) upon the terms and conditions set forth in Annex I to this Agreement; and

      

      

      (ii)         it is an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act.

      

      

      SECTION 3.        Additional Covenants.  Each of the Company and the Guarantors further covenants and agrees with each Initial Purchaser as follows:

      

      

      (a)           Preparation of Final Offering Memorandum; Initial Purchasers’ Review of Proposed Amendments and Supplements and Company Additional Communications.  As promptly as
        practicable following the Time of Sale and in any event not later than the second business day following the date hereof, the Company will prepare and deliver to the Initial Purchasers the Final Offering Memorandum, which shall consist of the
        Preliminary Offering Memorandum as modified only by the information contained in the Pricing Supplement.  The Company will not amend or supplement the Preliminary Offering Memorandum or the Pricing Supplement.  The Company will not amend or
        supplement the Final Offering Memorandum prior to the Closing Date unless the Representative shall previously have been furnished a copy of the proposed amendment or supplement at least two business days prior to the proposed use or filing, and
        shall not have objected to such amendment or supplement.  Before making, preparing, using, authorizing, approving or distributing any Company Additional Communication, the Company will furnish to the Representative a copy of such written
        communication for review and will not make, prepare, use, authorize, approve or distribute any such written communication to which the Representative reasonably objects.

      

      

      
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      (b)           Amendments and Supplements to the Final Offering Memorandum and Other Securities Act Matters.  If at any time prior to the Closing Date (i) any event shall occur
        or condition shall exist as a result of which any of the Pricing Disclosure Package as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements
        therein, in the light of the circumstances under which they were made, not misleading or (ii) it is necessary to amend or supplement any of the Pricing Disclosure Package to comply with law, the Company and the Guarantors will immediately notify
        the Initial Purchasers thereof and forthwith prepare and (subject to Section 3(a) hereof) furnish to the Initial Purchasers such amendments or supplements to any of the Pricing Disclosure Package as may be necessary so that the statements in any of
        the Pricing Disclosure Package as so amended or supplemented will not, in the light of the circumstances under which they were made, be misleading or so that any of the Pricing Disclosure Package will comply with all applicable law.  If, prior to
        the completion of the placement of the Securities by the Initial Purchasers with the Subsequent Purchasers, any event shall occur or condition exist as a result of which it is necessary to amend or supplement the Final Offering Memorandum, as then
        amended or supplemented, in order to make the statements therein, in the light of the circumstances when the Final Offering Memorandum is delivered to a Subsequent Purchaser, not misleading, or if in the judgment of the Representative or counsel
        for the Initial Purchasers it is otherwise necessary to amend or supplement the Final Offering Memorandum to comply with law, the Company and the Guarantors agree to promptly prepare (subject to Section 3(a) hereof), and furnish at its own expense
        to the Initial Purchasers, amendments or supplements to the Final Offering Memorandum so that the statements in the Final Offering Memorandum as so amended or supplemented will not, in the light of the circumstances at the Closing Date and at the
        time of sale of Securities, be misleading or so that the Final Offering Memorandum, as amended or supplemented, will comply with all applicable law.

      

      

      The Company hereby expressly acknowledges that the indemnification and contribution provisions of Sections 8 and 9 hereof are specifically applicable and relate to each offering memorandum, registration statement,
        prospectus, amendment or supplement referred to in this Section 3.

      

      

      (c)           Copies of the Offering Memorandum.  The Company agrees to furnish the Initial Purchasers, without charge, as many copies of the Pricing Disclosure Package and the
        Final Offering Memorandum and any amendments and supplements thereto as they shall reasonably request.

      

      

      (d)           Blue Sky Compliance.  Each of the Company and the Guarantors shall cooperate with the Representative and counsel for the Initial Purchasers to qualify or register
        (or to obtain exemptions from qualifying or registering) all or any part of the Securities for offer and sale under the securities laws of the several states of the United States, the provinces of Canada or any other jurisdictions designated by the
        Representative, shall comply with such laws and shall continue such qualifications, registrations and exemptions in effect so long as required for the distribution of the Securities.  None of the Company or any of the Guarantors shall be required
        to qualify as a foreign corporation or to take any action that would subject it to general service of process in any such jurisdiction where it is not presently qualified or where it would be subject to taxation as a foreign corporation.  The
        Company will advise the Representative promptly of the suspension of the qualification or registration of (or any such exemption relating to) the Securities for offering, sale or trading in any jurisdiction or any initiation or threat of any
        proceeding for any such purpose, and in the event of the issuance of any order suspending such qualification, registration or exemption, each of the Company and the Guarantors shall use its best efforts to obtain the withdrawal thereof at the
        earliest possible moment.

      

      

      
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      (e)           Use of Proceeds.  The Company shall apply the net proceeds from the sale of the Notes sold by it in connection with the Redemption, as described under the caption
        “Use of Proceeds” in the Pricing Disclosure Package.

      

      

      (f)            The Depositary.  The Company will cooperate with the Initial Purchasers and use its best efforts to permit the Securities to be eligible for clearance and
        settlement through the facilities of the Depositary.

      

      

      (g)           Additional Issuer Information.  At any time when the Company is not subject to Section 13 or 15 of the Exchange Act, for the benefit of holders and beneficial
        owners from time to time of the Securities, the Company shall furnish, at its expense, upon request, to holders and beneficial owners of Securities and prospective purchasers of Securities information (“Additional
          Issuer Information”) satisfying the requirements of Rule 144A(d).

      

      

      (h)           Agreement Not to Offer or Sell Additional Securities.  During the period of 180 days following the date hereof, the Company will not, without the prior written
        consent of the Representative (which consent may be withheld at the sole discretion of the Representative), directly or indirectly, sell, offer, contract or grant any option to sell, pledge, transfer or establish an open “put equivalent position”
        within the meaning of Rule 16a-1 under the Exchange Act, or otherwise dispose of or transfer, or announce the offering of, or file any registration statement under the Securities Act in respect of, any debt securities of the Company or securities
        exchangeable for or convertible into debt securities of the Company (other than as contemplated by this Agreement).

      

      

      (i)            Future Reports to the Initial Purchasers.  At any time when the Company is not subject to Section 13 or 15 of the Exchange Act and any Securities remain
        outstanding, the Company will furnish, upon request, to the Representative and to each of the other Initial Purchasers:  (i) as soon as practicable after the end of each fiscal year, copies of the Annual Report of the Company containing the balance
        sheet of the Company as of the close of such fiscal year and statements of income, stockholders’ equity and cash flows for the year then ended and the opinion thereon of the Company’s independent public or certified public accountants; (ii) as soon
        as practicable after the filing thereof, copies of each proxy statement, Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other report filed by the Company with the Commission, the Financial Industry
        Regulatory Authority (“FINRA”) or any securities exchange; and (iii) as soon as available, copies of any report or communication of the Company mailed generally to holders of its capital stock or debt
        securities (including the holders of the Securities), if, in each case, such documents are not filed with the Commission within the time periods specified by the Commission’s rules and regulations under Section 13 or 15 of the Exchange Act.

      

      

      (j)            No Integration.  The Company agrees that it will not and will cause its Affiliates not to make any offer or sale of securities of the Company of any class if, as
        a result of the doctrine of “integration” referred to in Rule 502 under the Securities Act, such offer or sale would render invalid (for the purpose of (i) the sale of the Securities by the Company to the Initial Purchasers, (ii) the resale of the
        Securities by the Initial Purchasers to Subsequent Purchasers or (iii) the resale of the Securities by such Subsequent Purchasers to others) the exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof
        or by Rule 144A or by Regulation S thereunder or otherwise.

      

      

      (k)           No General Solicitation or Directed Selling Efforts.  The Company agrees that it will not and will not permit any of its Affiliates or any other person acting on
        its or their behalf (other than the Initial Purchasers, as to which no covenant is given) to (i) solicit offers for, or offer or sell, the Securities (A) by means of any General Solicitation or (B) in any manner involving a public offering within
        the meaning of Section 4(a)(2) of the Securities Act or (ii) engage in any directed selling efforts with respect to the Securities within the meaning of Regulation S, and the Company will and will cause all such persons to comply with the offering
        restrictions requirement of Regulation S with respect to the Securities.

      

      

      
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      (l)            No Restricted Resales.  The Company will not, and will not permit any of its Affiliates to resell any of the Notes that have been reacquired by any of them,
        except for notes purchased by the Company or any of its Affiliates and resold in a transaction registered under the Securities Act.

      

      

      (m)          Legended Securities.  Each certificate for a Security will bear the legend contained in “Transfer Restrictions” in the Preliminary Offering Memorandum for the time
        period and upon the other terms stated in the Preliminary Offering Memorandum.

      

      

      The Representative on behalf of the several Initial Purchasers, may, in its sole discretion, waive in writing the performance by the Company or any Guarantor of any one or more of the foregoing covenants or extend the
        time for their performance.

      

      

      SECTION 4.        Payment of Expenses.  Each of the Company and the Guarantors agrees to pay all costs, fees and expenses incurred in connection with the performance of its
        obligations hereunder and in connection with the transactions contemplated hereby, including, without limitation, (i) all expenses incident to the issuance and delivery of the Securities (including all printing and engraving costs), (ii) all
        necessary issue, transfer and other stamp taxes in connection with the issuance and sale of the Securities to the Initial Purchasers, (iii) all fees and expenses of the Company’s and the Guarantors’ counsel, independent public or certified public
        accountants and other advisors, (iv) all costs and expenses incurred in connection with the preparation, printing, filing, shipping and distribution of the Pricing Disclosure Package and the Final Offering Memorandum (including financial statements
        and exhibits), and all amendments and supplements thereto, and the Transaction Documents, (v) all filing fees, attorneys’ fees and expenses incurred by the Company, the Guarantors or the Initial Purchasers in connection with qualifying or
        registering (or obtaining exemptions from the qualification or registration of) all or any part of the Securities for offer and sale under the securities laws of the several states of the United States, the provinces of Canada or other
        jurisdictions designated by the Initial Purchasers (including, without limitation, the cost of preparing, printing and mailing preliminary and final blue sky or legal investment memoranda and any related supplements to the Pricing Disclosure
        Package or the Final Offering Memorandum), (vi) the fees and expenses of the Trustee, including the fees and disbursements of counsel for the Trustee in connection with the Indenture and the Securities, (vii) any fees payable in connection with the
        rating of the Securities with the ratings agencies, (viii) any filing fees incident to, and any reasonable fees and disbursements of counsel to the Initial Purchasers in connection with the review by FINRA, if any, of the terms of the sale of the
        Securities, (ix) all fees and expenses (including reasonable fees and expenses of counsel) of the Company and the Guarantors in connection with approval of the Securities by the Depositary for “book-entry” transfer, and the performance by the
        Company and the Guarantors of their respective other obligations under this Agreement, and (x) all expenses incident to the “road show” for the offering of the Securities, including the cost of any chartered airplane or other transportation. 
        Except as provided in this Section 4 and Sections 6, 8 and 9 hereof, the Initial Purchasers shall pay their own expenses, including the fees and disbursements of their counsel.

      

      

      
        17

        
          

      

      SECTION 5.        Conditions of the Obligations of the Initial Purchasers.  The obligations of the several Initial Purchasers to purchase and pay for the Securities as provided
        herein on the Closing Date shall be subject to the accuracy of the representations and warranties on the part of the Company and the Guarantors set forth in Section 1 hereof as of the date hereof and as of the Closing Date as though then made and
        to the timely performance by the Company and the Guarantors of their covenants and other obligations hereunder, and to each of the following additional conditions:

      

      

      (a)           Accountants’ Comfort Letters.  On the date hereof, the Initial Purchasers shall have received from Ernst & Young LLP, the independent registered public
        accounting firm for the Company, a “comfort letter” dated the date hereof addressed to the Initial Purchasers, in form and substance satisfactory to the Representative, covering the financial information of the Company in the Pricing Disclosure
        Package and other customary matters.  In addition, on the Closing Date, the Initial Purchasers shall have received from such accountants a “bring-down comfort letter” dated the Closing Date addressed to the Initial Purchasers, in form and substance
        satisfactory to the Representative, in the form of the “comfort letter” delivered on the date hereof, except that (i) it shall cover the financial information of the Company in the Final Offering Memorandum and any amendment or supplement thereto
        and (ii) procedures shall be brought down to a date no more than 3 days prior to the Closing Date.

      

      

      (b)          [Reserved]

      

      

      (c)           No Material Adverse Change or Ratings Agency Change.  For the period from and after the date of this Agreement and prior to the Closing Date:

      

      

      (i)         in the judgment of the Representative there shall not have occurred any Material Adverse Change; and

      

      

      (ii)        there shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate
        the direction of the possible change, in the rating accorded the Company or any of its subsidiaries or any of their securities or indebtedness by any “nationally recognized statistical rating organization” registered under Section 15E of the
        Exchange Act.

      

      

      (d)           Opinion of Counsel for the Company.  On the Closing Date the Initial Purchasers shall have received the written opinion of Greenberg Traurig, LLP, counsel for the
        Company, dated as of such Closing Date, in form and substance reasonably satisfactory to the Representative, substantially in the form of Exhibit A.

      

      

      (e)           Opinion of Counsel for the Initial Purchasers.  On the Closing Date the Initial Purchasers shall have received the favorable opinion of Davis Polk & Wardwell
        LLP, counsel for the Initial Purchasers, dated as of such Closing Date, with respect to such matters as may be reasonably requested by the Initial Purchasers.

      

      

      (f)           Officers’ Certificate.  On the Closing Date the Initial Purchasers shall have received a written certificate executed by the Chairman of the Board, Chief
        Executive Officer or President of the Company and each Guarantor and the Chief Financial Officer or Chief Accounting Officer of the Company and each Guarantor, dated as of the Closing Date, to the effect set forth in Section 5(b)(ii) hereof, and
        further to the effect that:

      

      

      (i)          for the period from and after the date of this Agreement and prior to the Closing Date there has not occurred any Material Adverse Change;

      

      

      (ii)         the representations, warranties and covenants of the Company and the Guarantors set forth in Section 1 hereof were true and correct as of the date hereof and are true and correct as of
        the Closing Date with the same force and effect as though expressly made on and as of the Closing Date; and

      

      

      
        18

        
          

      

      (iii)        each of the Company and the Guarantors has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date.

      

      

      (g)           Indenture.  The Company and the Guarantors shall have executed and delivered the Indenture, in form and substance
        reasonably satisfactory to the Representative, and the Initial Purchasers shall have received executed copies thereof.

      

      

      (h)           Additional Documents.  On or before the Closing Date, the Initial Purchasers and counsel for the Initial Purchasers shall have received such information,
        documents and opinions as they may reasonably require for the purposes of enabling them to pass upon the issuance and sale of the Securities as contemplated herein, or in order to evidence the accuracy of any of the representations and warranties,
        or the satisfaction of any of the conditions or agreements, herein contained.

      

      

      If any condition specified in this Section 5 is not satisfied when and as required to be satisfied, this Agreement may be terminated by the Representative by notice to the Company at any time on or prior to the
        Closing Date, which termination shall be without liability on the part of any party to any other party, except that Sections 4, 6, 8 and 9 hereof shall at all times be effective and shall survive such termination.

      

      

      SECTION 6.        Reimbursement of Initial Purchasers’ Expenses.  If this Agreement is terminated by the Representative pursuant to Section 5 or 10 hereof, including if the sale
        to the Initial Purchasers of the Securities on the Closing Date is not consummated because of any refusal, inability or failure on the part of the Company to perform any agreement herein or to comply with any provision hereof, the Company agrees to
        reimburse the Initial Purchasers, severally, upon demand for all out-of-pocket expenses that shall have been reasonably incurred by the Initial Purchasers in connection with the proposed purchase and the offering and sale of the Securities,
        including, without limitation, fees and disbursements of counsel, printing expenses, travel expenses, postage, facsimile and telephone charges.

      

      

      SECTION 7.        Offer, Sale and Resale Procedures.  Each of the Initial Purchasers, on the one hand, and the Company and each of the Guarantors, on the other hand, hereby
        agree to observe the following procedures in connection with the offer and sale of the Securities:

      

      

      (a)           Offers and sales of the Securities will be made only by the Initial Purchasers or Affiliates thereof qualified to do so in the jurisdictions in which such offers or sales are made.  Each sale of
        Securities shall be made only to persons whom the seller reasonably believes to be Qualified Institutional Buyers or non-U.S. persons outside the United States to whom the offeror or seller reasonably believes offers and sales of the Securities may
        be made in reliance upon Regulation S upon the terms and conditions set forth in Annex I hereto, which Annex I is hereby expressly made a part hereof.

      

      

      (b)           Upon original issuance by the Company, and until such time as the same is no longer required under the applicable requirements of the Securities Act, the Notes (and all securities issued in exchange
        therefor or in substitution thereof) shall bear the following legend:

      

      

      
        19

        
          

      

      “THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM.  EACH PURCHASER OF THE SECURITY
        EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER.  THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE
        ISSUER THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT)
        PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A TRANSACTION MEETING THE
        REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (d) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM
        THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER IF THE ISSUER SO REQUESTS), (2) TO THE ISSUER, OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN
        ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE
        RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE.  NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY.”

      

      

      Following the sale of the Securities by the Initial Purchasers to Subsequent Purchasers pursuant to the terms hereof, the Initial Purchasers shall not be liable or responsible to the Company for any losses, damages or
        liabilities suffered or incurred by the Company, including any losses, damages or liabilities under the Securities Act, arising from or relating to any resale or transfer of any Security.

      

      

      
        20

        
          

      

      SECTION 8.        Indemnification.

      

      

      (a)           Indemnification of the Initial Purchasers.  Each of the Company and the Guarantors, jointly and severally, agrees to indemnify and hold harmless each Initial
        Purchaser, its affiliates, directors, officers and employees, and each person, if any, who controls any Initial Purchaser within the meaning of the Securities Act and the Exchange Act against any loss, claim, damage, liability or expense, as
        incurred, to which such Initial Purchaser, affiliate, director, officer, employee or controlling person may become subject, under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, or at common law or
        otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of the Company), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises
        out of or is based:  (i) upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Communication or the Final Offering Memorandum (or
        any amendment or supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; or (ii) in whole
        or in part upon any failure of the Company to perform its obligations hereunder or under law; and to reimburse each Initial Purchaser and each such affiliate, director, officer, employee or controlling person for any and all expenses (including the
        fees and disbursements of counsel chosen by the Representative) as such expenses are reasonably incurred by such Initial Purchaser or such affiliate, director, officer, employee or controlling person in connection with investigating, defending,
        settling, compromising or paying any such loss, claim, damage, liability, expense or action; provided, however, that the foregoing indemnity agreement shall not apply, with respect to an Initial Purchaser, to any loss, claim, damage, liability or
        expense to the extent, but only to the extent, arising out of or based upon any untrue statement or alleged untrue statement or omission or alleged omission made in reliance upon and in conformity with written information furnished to the Company
        by such Initial Purchaser through the Representative expressly for use in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Communication or the Final Offering Memorandum (or any amendment or supplement thereto). 
        The indemnity agreement set forth in this Section 8(a) shall be in addition to any liabilities that the Company may otherwise have.

      

      

      (b)           Indemnification of the Company and the Guarantors.  Each Initial Purchaser agrees, severally and not jointly, to indemnify and hold harmless the Company, each
        Guarantor, each of their respective directors and each person, if any, who controls the Company or any Guarantor within the meaning of the Securities Act or the Exchange Act, against any loss, claim, damage, liability or expense, as incurred, to
        which the Company, any Guarantor or any such director or controlling person may become subject, under the Securities Act, the Exchange Act, or other federal or state statutory law or regulation, or at common law or otherwise (including in
        settlement of any litigation, if such settlement is effected with the written consent of such Initial Purchaser), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises out of or is
        based upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Communication or the Final Offering Memorandum (or any amendment or
        supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case to the extent, but
        only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Communication or the Final Offering
        Memorandum (or any amendment or supplement thereto), in reliance upon and in conformity with written information furnished to the Company by such Initial Purchaser through the Representative expressly for use therein; and to reimburse the Company,
        any Guarantor and each such director or controlling person for any and all expenses (including the fees and disbursements of counsel) as such expenses are reasonably incurred by the Company, any Guarantor or such director or controlling person in
        connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action.  Each of the Company and the Guarantors hereby acknowledges that the only information that the Initial Purchasers
        through the Representative has furnished to the Company expressly for use in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Communication or the Final Offering Memorandum (or any amendment or supplement thereto)
        are the statements set forth in the third paragraph and the ninth paragraph under the caption “Plan of Distribution” in the Preliminary Offering Memorandum and the Final Offering Memorandum.  The indemnity agreement set forth in this Section 8(b)
        shall be in addition to any liabilities that each Initial Purchaser may otherwise have.

      

      

      
        21

        
          

      

      (c)           Notifications and Other Indemnification Procedures.  Promptly after receipt by an indemnified party under this Section 8 of notice of the commencement of any
        action, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this Section 8, notify the indemnifying party in writing of the commencement thereof; provided
        that the failure to so notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party under this Section 8 except to the extent that it has been materially prejudiced by such failure and shall not
        relieve the indemnifying party from any liability that the indemnifying party may have to an indemnified party other than under this Section 8.  In case any such action is brought against any indemnified party and such indemnified party seeks or
        intends to seek indemnity from an indemnifying party, the indemnifying party will be entitled to participate in and, to the extent that it shall elect, jointly with all other indemnifying parties similarly notified, by written notice delivered to
        the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, if the defendants in any such action
        include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that an actual conflict exists between the positions of the indemnifying party and the indemnified party in conducting the
        defense of any such action or that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party, the indemnified party or parties shall have the
        right to select separate counsel to assume such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party or parties.  Upon receipt of notice from the indemnifying party to such indemnified party
        of such indemnifying party’s election so to assume the defense of such action and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified party under this Section 8 for any legal or other expenses
        subsequently incurred by such indemnified party in connection with the defense thereof unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the immediately preceding sentence (it being understood,
        however, that the indemnifying party shall not be liable for the expenses of more than one separate counsel (together with local counsel (in each jurisdiction)), which shall be selected by the Representative (in the case of counsel representing the
        Initial Purchasers or their related persons), representing the indemnified parties who are parties to such action) or (ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the
        indemnified party within a reasonable time after notice of commencement of the action, in each of which cases the fees and expenses of counsel shall be at the expense of the indemnifying party.

      

      

      
        22

        
          

      

      (d)           Settlements.  The indemnifying party under this Section 8 shall not be liable for any settlement of any proceeding effected without its written consent, which
        will not be unreasonably withheld, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party against any loss, claim, damage, liability or expense by reason
        of such settlement or judgment.  Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by this
        Section 8, the indemnifying party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 60 days after receipt by such indemnifying party of the
        aforesaid request, (ii) such indemnifying party shall have received notice of the terms such settlement at least 30 days prior to such settlement being entered into, and (iii) such indemnifying party shall not have (x) reimbursed the indemnified
        party in accordance with such request or (y) disputed in good faith the indemnified party’s entitlement to such reimbursement prior to the date of such settlement.  No indemnifying party shall, without the prior written consent of the indemnified
        party, not to be unreasonably withheld, effect any settlement, compromise or consent to the entry of judgment in any pending or threatened action, suit or proceeding in respect of which any indemnified party is or could have been a party and
        indemnity was or could have been sought hereunder by such indemnified party, unless such settlement, compromise or consent (i) includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of
        such action, suit or proceeding and (ii) does not include any statements as to or any findings of fault, culpability or failure to act by or on behalf of any indemnified party.

      

      

      SECTION 9.        Contribution.  If the indemnification provided for in Section 8 hereof is for any reason held to be unavailable to or otherwise insufficient to hold harmless
        an indemnified party in respect of any losses, claims, damages, liabilities or expenses referred to therein, then each indemnifying party shall contribute to the aggregate amount paid or payable by such indemnified party, as incurred, as a result
        of any losses, claims, damages, liabilities or expenses referred to therein (i) in such proportion as is appropriate to reflect the relative benefits received by the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the
        other hand, from the offering of the Securities pursuant to this Agreement or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits
        referred to in clause (i) above but also the relative fault of the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, in connection with the statements or omissions herein which resulted in such losses,
        claims, damages, liabilities or expenses, as well as any other relevant equitable considerations.  The relative benefits received by the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, in connection with
        the offering of the Securities pursuant to this Agreement shall be deemed to be in the same respective proportions as the total net proceeds from the offering of the Securities pursuant to this Agreement (before deducting expenses) received by the
        Company, and the total discount received by the Initial Purchasers bear to the aggregate initial offering price of the Securities.  The relative fault of the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other
        hand, shall be determined by reference to, among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company and the
        Guarantors, on the one hand, or the Initial Purchasers, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission or inaccuracy.

      

      

      The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in Section 8 hereof, any
        legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim.  The provisions set forth in Section 8 hereof with respect to notice of commencement of any action shall apply if a
        claim for contribution is to be made under this Section 9; provided, however, that no additional notice shall be required with respect to any action for which notice has been given under Section 8 hereof for purposes of indemnification.

      

      

      The Company, the Guarantors and the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this Section 9 were determined by pro rata allocation (even if the Initial Purchasers
        were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this Section 9.

      

      

      
        23

        
          

      

      Notwithstanding the provisions of this Section 9, no Initial Purchaser shall be required to contribute any amount in excess of the discount received by such Initial Purchaser in connection with the Securities
        distributed by it.  No person guilty of fraudulent misrepresentation (within the meaning of Section 11 of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.  The Initial
        Purchasers’ obligations to contribute pursuant to this Section 9 are several, and not joint, in proportion to their respective commitments as set forth opposite their names in Schedule A.  For purposes of this Section 9, each director, officer and
        employee of an Initial Purchaser and each person, if any, who controls an Initial Purchaser within the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as such Initial Purchaser, and each director of the
        Company or any Guarantor, and each person, if any, who controls the Company or any Guarantor with the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as the Company and the Guarantors.

      

      

      SECTION 10.      Termination of this Agreement.  Prior to the Closing Date, this Agreement may be terminated by the Representative by notice given to the Company if at any
        time:  (i) trading or quotation in any of the Company’s securities shall have been suspended or limited by the Commission, or trading in securities generally on either the Nasdaq Stock Market or the NYSE shall have been suspended or limited, or
        minimum or maximum prices shall have been generally established on any of such quotation system or stock exchange by the Commission or FINRA; (ii) a general banking moratorium shall have been declared by any of federal, New York or Delaware
        authorities; (iii) there shall have occurred any outbreak or escalation of national or international hostilities or any crisis or calamity, or any change in the United States or international financial markets, or any substantial change or
        development involving a prospective substantial change in United States’ or international political, financial or economic conditions, as in the judgment of the Representative is material and adverse and makes it impracticable or inadvisable to
        proceed with the offering, sale or delivery of the Securities in the manner and on the terms described in the Pricing Disclosure Package or to enforce contracts for the sale of securities; (iv) in the judgment of the Representative there shall have
        occurred any Material Adverse Change; or (v) the Company shall have sustained a loss by strike, fire, flood, earthquake, accident or other calamity of such character as in the judgment of the Representative may interfere materially with the conduct
        of the business and operations of the Company regardless of whether or not such loss shall have been insured.  Any termination pursuant to this Section 10 shall be without liability on the part of (i) the Company or any Guarantor to any Initial
        Purchaser, except that the Company and the Guarantors shall be obligated to reimburse the expenses of the Initial Purchasers pursuant to Sections 4 and 6 hereof, (ii) any Initial Purchaser to the Company, or (iii) any party hereto to any other
        party except that the provisions of Sections 8 and 9 hereof shall at all times be effective and shall survive such termination.

      

      

      SECTION 11.      Representations and Indemnities to Survive Delivery.  The respective indemnities, agreements, representations, warranties and other statements of the Company,
        the Guarantors, their respective officers and the several Initial Purchasers set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of any Initial Purchaser, the
        Company, any Guarantor or any of their partners, officers or directors or any controlling person, as the case may be, and will survive delivery of and payment for the Securities sold hereunder and any termination of this Agreement.

      

      

      
        24

        
          

      

      SECTION 12.      Notices.  All communications hereunder shall be in writing and shall be mailed, hand delivered, couriered or facsimiled and confirmed to the parties hereto as
        follows:

      

      

      
        	
                If to the Initial Purchasers:

              
	 	  
	 	
                BofA Securities, Inc.

              
	 	
                1540 Broadway, 26th Floor

              
	 	
                New York, New York 10036

              
	 	
                Facsimile:

              	
                (212) 901-7897

              
	 	
                Attention:

              	
                High Yield Legal Department

              
	 	 	 
	
                with a copy to:

              
	 	  
	 	
                Davis Polk & Wardwell LLP

              
	 	
                450 Lexington Avenue

              
	 	
                New York, New York 10017

              
	 	
                Facsimile:

              	
                (212) 701-5111

              
	 	
                Attention:

              	
                Michael Kaplan, Esq.

              
	 	 	 
	
                If to the Company or the Guarantors:

              
	 	  
	 	
                Century Communities, Inc.

              
	 	
                8390 East Crescent Parkway, Suite 650

              
	 	
                Greenwood Village, Colorado 80111

              
	 	
                Facsimile:

              	
                (303) 770-8320

              
	 	
                Attention:

              	
                David Messenger

              
	 	 	 
	
                with a copy to:

              
	 	  
	 	
                Greenberg Traurig, LLP

              
	 	
                1840 Century Park East, Suite 1900

              
	 	
                Los Angeles, California 90067

              
	 	
                Facsimile:

              	
                (310) 586-7800

              
	 	
                Attention:

              	
                Mark Kelson, Esq.

              
	 	 	
                William Wong, Esq.

              

      

      

      

      Any party hereto may change the address or facsimile number for receipt of communications by giving written notice to the others.

      

      

      SECTION 13.      Successors.  This Agreement will inure to the benefit of and be binding upon the parties hereto, and to the benefit of the indemnified parties referred to in
        Sections 8 and 9 hereof, and in each case their respective successors, and no other person will have any right or obligation hereunder.  The term “successors” shall not include any Subsequent Purchaser or other purchaser of the Securities as such
        from any of the Initial Purchasers merely by reason of such purchase.

      

      

      SECTION 14.      Authority of the Representative.  Any action by the Initial Purchasers hereunder may be taken by the Representative on behalf of the Initial Purchasers, and any
        such action taken by the Representative shall be binding upon the Initial Purchasers.

      

      

      
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      SECTION 15.      Partial Unenforceability.  The invalidity or unenforceability of any section, paragraph or provision of this Agreement shall not affect the validity or
        enforceability of any other section, paragraph or provision hereof.  If any section, paragraph or provision of this Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor changes (and only
        such minor changes) as are necessary to make it valid and enforceable.

      

      

      SECTION 16.      Governing Law Provisions.  THIS AGREEMENT AND ANY CLAIM, CONTROVERSY AND DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
        IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF.  Any legal suit, action or proceeding arising out of or based upon
        this Agreement or the transactions contemplated hereby (“Related Proceedings”) may be instituted in the federal courts of the United States of America located in the City and County of New York or the courts
        of the State of New York in each case located in the City and County of New York (collectively, the “Specified Courts”), and each party irrevocably submits to the exclusive jurisdiction (except for suits,
        actions, or proceedings instituted in regard to the enforcement of a judgment of any Specified Court in a Related Proceeding, as to which such jurisdiction is non-exclusive) of the Specified Courts in any Related Proceeding.  Service of any
        process, summons, notice or document by mail to such party’s address set forth above shall be effective service of process for any Related Proceeding brought in any Specified Court.  The parties irrevocably and unconditionally waive any objection
        to the laying of venue of any Specified Proceeding in the Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim in any Specified Court that any Related Proceeding brought in any Specified Court has been brought
        in an inconvenient forum.

      

      

      SECTION 17.      Default of One or More of the Several Initial Purchasers.  If any one or more of the several Initial Purchasers shall
        fail or refuse to purchase Securities that it or they have agreed to purchase hereunder on the Closing Date, and the aggregate number of Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to
        purchase does not exceed 10% of the aggregate number of the Securities to be purchased on such date, the other Initial Purchasers shall be obligated, severally, in the proportions that the number of Securities set forth opposite their respective
        names on Schedule A bears to the aggregate number of Securities set forth opposite the names of all such non-defaulting Initial Purchasers, or in such other proportions as may be specified by the Initial Purchasers with the consent of the
        non-defaulting Initial Purchasers, to purchase the Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to purchase on the Closing Date.  If any one or more of the Initial Purchasers shall fail or
        refuse to purchase Securities and the aggregate number of Securities with respect to which such default occurs exceeds 10% of the aggregate number of Securities to be purchased on the Closing Date, and arrangements satisfactory to the Initial
        Purchasers and the Company for the purchase of such Securities are not made within 48 hours after such default, this Agreement shall terminate without liability of any party to any other party except that the provisions of Sections 4, 6, 8 and 9
        hereof shall at all times be effective and shall survive such termination.  In any such case either the Initial Purchasers or the Company shall have the right to postpone the Closing Date, as the case may be, but in no event for longer than seven
        days in order that the required changes, if any, to the Final Offering Memorandum or any other documents or arrangements may be effected.

      

      

      As used in this Agreement, the term “Initial Purchaser” shall be deemed to include any person substituted for a defaulting Initial Purchaser under this Section 17.  Any action taken under this Section 17 shall not
        relieve any defaulting Initial Purchaser from liability in respect of any default of such Initial Purchaser under this Agreement.

      

      

      
        26

        
          

      

      SECTION 18.      No Advisory or Fiduciary Responsibility.  Each of the Company and the Guarantors acknowledges and agrees that:  (i) the purchase and sale of the Securities
        pursuant to this Agreement, including the determination of the offering price of the Securities and any related discounts and commissions, is an arm’s-length commercial transaction between the Company and the Guarantors, on the one hand, and the
        several Initial Purchasers, on the other hand, and the Company and the Guarantors are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated by this Agreement; (ii) in
        connection with each transaction contemplated hereby and the process leading to such transaction each Initial Purchaser is and has been acting solely as a principal and is not the agent or fiduciary of the Company and the Guarantors or their
        respective affiliates, stockholders, creditors or employees or any other party; (iii) no Initial Purchaser has assumed or will assume an advisory or fiduciary responsibility in favor of the Company and the Guarantors with respect to any of the
        transactions contemplated hereby or the process leading thereto (irrespective of whether such Initial Purchaser has advised or is currently advising the Company and the Guarantors on other matters) or any other obligation to the Company and the
        Guarantors except the obligations expressly set forth in this Agreement; (iv) the several Initial Purchasers and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the
        Company and the Guarantors, and the several Initial Purchasers have no obligation to disclose any of such interests by virtue of any fiduciary or advisory relationship; and (v) the Initial Purchasers have not provided any legal, accounting,
        regulatory or tax advice with respect to the offering contemplated hereby, and the Company and the Guarantors have consulted their own legal, accounting, regulatory and tax advisors to the extent they deemed appropriate.

      

      

      This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company, the Guarantors and the several Initial Purchasers, or any of them, with respect to the subject matter
        hereof.  The Company and the Guarantors hereby waive and release, to the fullest extent permitted by law, any claims that the Company and the Guarantors may have against the several Initial Purchasers with respect to any breach or alleged breach of
        fiduciary duty.

      

      

      SECTION 19.      General Provisions.  This Agreement constitutes the entire agreement of the parties to this Agreement and supersedes all prior written or oral and all
        contemporaneous oral agreements, understandings and negotiations with respect to the subject matter hereof.  This Agreement may be executed in two or more counterparts, each one of which shall be an original, with the same effect as if the
        signatures thereto and hereto were upon the same instrument.  Delivery of an executed counterpart of a signature page to this Agreement by telecopier, facsimile or other electronic transmission (i.e., a “.pdf” or “.tif”) shall be effective as
        delivery of a manually executed counterpart thereof.  This Agreement may not be amended or modified unless in writing by all of the parties hereto, and no condition herein (express or implied) may be waived unless waived in writing by each party
        whom the condition is meant to benefit.  The section headings herein are for the convenience of the parties only and shall not affect the construction or interpretation of this Agreement.

      

      

      SECTION 20.      Compliance with USA Patriot Act.  In accordance with the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)),
        the Initial Purchasers are required to obtain, verify and record information that identifies their respective clients, including the Company, which information may include the name and address of their respective clients, as well as other
        information that will allow the Initial Purchasers to properly identify their respective clients.

      

      

      SECTION 21.      Recognition of the U.S. Special Resolution Regimes.   a) In the event that any Initial Purchaser that is a Covered Entity (as defined below) becomes subject to
        a proceeding under a U.S. Special Resolution Regime (as defined below), the transfer from such Initial Purchaser of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer
        would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.

      

      

      
        27

        
          

      

      (b)          In the event that any Initial Purchaser that is a Covered Entity or a BHC Act Affiliate (as defined below) of such Initial Purchaser becomes subject to a proceeding under a U.S. Special Resolution Regime,
        Default Rights (as defined below) under this Agreement that may be exercised against such Initial Purchaser are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if
        this Agreement were governed by the laws of the United States or a state of the United States.

      

      

      For purposes of this Section 21:

      

      

      “BHC Act Affiliate” has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. § 1841(k);

      

      

       “Covered Entity” means any of the following:

      

      

      
        
          	
                  (i)

                	
                  a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

                

        

      

      

      

      
        
          	
                  (ii)

                	
                  a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

                

        

      

      

      

      
        
          	
                  (iii)

                	
                  a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b);

                

        

      

      

      

      “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable; and

      

      

      “U.S. Special Resolution Regime” means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street
        Reform and Consumer Protection Act and the regulations promulgated thereunder.

      

      

      [Signature page follows]

       

      

      
        28

        
          

        

      

      If the foregoing is in accordance with your understanding of our agreement, kindly sign and return to the Company the enclosed copies hereof, whereupon this instrument, along with all counterparts hereof, shall become
        a binding agreement in accordance with its terms.

      

      

      	 	
              Very truly yours,

            	 
	 	
              Century Communities, Inc.

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              Name:  David Messenger

            	 
	 	 	
              Title:  Chief Financial Officer

            	 

      

      

      
        
          [Signature page to the Purchase Agreement]

        

        
          

        

      

      	 	Guarantors	 
	 	 	 
	 	
              Augusta Pointe, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              Horizon Building Services, LLC, 

                its Manager

            	 
	 	 	 	 
	 	 	
              By:

            	
              Century Land Holdings, LLC 

              its Managing Member

            	 
	 	 	 	 
	 	 	 	
              By:

            	
              CCC Holdings, LLC

               its Manager

            	 
	 	 	 	 
	 	 	 	 	
              By:

            	
              Century Communities, Inc. 

              its Manager and Sole Member

            	 
	 	 	 	 
	 	 	 	 	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	 	 	 	 	
              David Messenger

            	 
	 	 	 	 	 	 	
              Chief Financial Officer

            	 

      

      

      	 	
              Avalon at Inverness, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              Horizon Building Services, LLC, 

              its Manager

            	 
	 	 	 	 
	 	 	
              By:

            	
              Century Land Holdings, LLC 

              its Managing Member

            	 
	 	 	 	 
	 	 	 	
              By:

            	
              CCC Holdings, LLC 

                its Manager

            	 
	 	 	 	 
	 	 	 	 	
              By:

            	
              Century Communities, Inc. 

              its Manager and Sole Member

            	 
	 	 	 	 
	 	 	 	 	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	 	 	 	 	
              David Messenger

            	 
	 	 	 	 	 	 	
              Chief Financial Officer

            	 

      

      

      
        
          [Signature page to the Purchase Agreement]

        

        
          

        

      

      	 	
              AVR A, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              Horizon Building Services, LLC, 

              its Manager

            	 
	 	 	 	 
	 	 	
              By:

            	
              Century Land Holdings, LLC

               its Managing Member

            	 
	 	 	 	 
	 	 	 	
              By:

            	
              CCC Holdings, LLC

              its Manager

            	 
	 	 	 	 
	 	 	 	 	
              By:

            	
              Century Communities, Inc. 

              its Manager and Sole Member

            	 
	 	 	 	 
	 	 	 	 	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	 	 	 	 	
              David Messenger

            	 
	 	 	 	 	 	 	
              Chief Financial Officer

            	 

      

      

      	 	
              AVR B, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              Horizon Building Services, LLC, 

              its Manager

            	 
	 	 	 	 
	 	 	
              By:

            	
              Century Land Holdings, LLC 

              its Managing Member

            	 
	 	 	 	 
	 	 	 	
              By:

            	
              CCC Holdings, LLC

               its Manager

            	 
	 	 	 	 
	 	 	 	 	
              By:

            	
              Century Communities, Inc. 

              its Manager and Sole Member

            	 
	 	 	 	 
	 	 	 	 	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	 	 	 	 	
              David Messenger

            	 
	 	 	 	 	 	 	
              Chief Financial Officer

            	 

      

      

      
        
          [Signature page to the Purchase Agreement]

        

        
          

        

      

      	 	
              AVR C, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              Horizon Building Services, LLC, 

              its Manager

            	 
	 	 	 	 
	 	 	
              By:

            	
              Century Land Holdings, LLC 

              its Managing Member

            	 
	 	 	 	 
	 	 	 	
              By:

            	
              CCC Holdings, LLC 

              its Manager

            	 
	 	 	 	 
	 	 	 	 	
              By:

            	
              Century Communities, Inc. 

              its Manager and Sole Member

            	 
	 	 	 	 
	 	 	 	 	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	 	 	 	 	
              David Messenger

            	 
	 	 	 	 	 	 	
              Chief Financial Officer

            	 

      

      

      	 	
              Beacon Pointe, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              Horizon Building Services, LLC, 

              its Manager

            	 
	 	 	 	 
	 	 	
              By:

            	
              Century Land Holdings, LLC 

              its Managing Member

            	 
	 	 	 	 
	 	 	 	
              By:

            	
              CCC Holdings, LLC 

              its Manager

            	 
	 	 	 	 
	 	 	 	 	
              By:

            	
              Century Communities, Inc. 

              its Manager and Sole Member

            	 
	 	 	 	 
	 	 	 	 	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	 	 	 	 	
              David Messenger

            	 
	 	 	 	 	 	 	
              Chief Financial Officer

            	 

      

      

      	 	
              Benchmark Communities, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger

            	 
	 	 	 Chief Financial Officer	 

      

      

      
        
          [Signature page to the Purchase Agreement]

        

        
          

        

      

      	 	
              Blackstone Homes, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              Horizon Building Services, LLC, 

              its Manager

            	 
	 	 	 	 
	 	 	
              By:

            	
              Century Land Holdings, LLC 

              its Managing Member

            	 
	 	 	 	 
	 	 	 	
              By:

            	
              CCC Holdings, LLC 

              its Manager

            	 
	 	 	 	 
	 	 	 	 	
              By:

            	
              Century Communities, Inc. 

              its Manager and Sole Member

            	 
	 	 	 	 
	 	 	 	 	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	 	 	 	 	
              David Messenger

            	 
	 	 	 	 	 	 	
              Chief Financial Officer

            	 

      

      

      	 	
              BMC East Garrison, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger

              

            	 
	 	 	 Chief Financial Officer	 

      

      

      
        
          [Signature page to the Purchase Agreement]

        

        
          

        

      

      	 	
              BMC EG Bluffs, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger  

              

            	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	
              BMC EG Bungalow, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger 

              

            	 
	 	 	 Chief Financial Officer	 
	 	 	 	 
	 	
              BMC EG Garden, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger  

              

            	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	
              BMC EG Grove, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger 

              

            	 
	 	 	 Chief Financial Officer	 
	 	 	 	 
	 	
              BMC EG Towns, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger 

              

            	 
	 	 	 Chief Financial Officer	 

      

      

      
        
          [Signature page to the Purchase Agreement]

        

        
          

        

      

      	 	
              BMC EG Village, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger 

              

            	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	
              BMC Realty Advisors, Inc

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger 

              

            	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	
              BMCH California, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger 

              

            	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	
              BMCH North Carolina, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger

            	 
	 	 	 Chief Financial Officer	 
	 	 	 	 
	 	
              BMCH Tennessee, LLC

            	 
	 	 	 	 
	 	
              By:

            	
              /s/ David Messenger

            	 
	 	 	
              David Messenger 

              

            	 
	 	 	Chief Financial Officer	 

      

      

      
        
          [Signature page to the Purchase Agreement]

        

        
          

        

      

      
        	 	
                BMCH Washington, LLC

              	 
	 	 	 	 
	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	
                David Messenger

              	 
	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                Bradburn Village Homes, LLC

              	 
	 	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC, 

                its Manager

              	 
	 	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC

                 its Managing Member

              	 
	 	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC 

                its Manager

              	 
	 	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc.

                 its Manager and Sole Member

              	 
	 	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                Casa Acquisition Corp.

              	 
	 	 	 
	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	
                David Messenger

              	 
	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                CC Communities, LLC

              	 
	 	 	 	 
	 	
                By:

              	
                Century Land Holdings, LLC,

                 its Managing Member

              	 
	 	 	 	 
	 	 	
                By:

              	
                CCC Holdings, LLC 

                its Manager

              	 
	 	 	 	 
	 	 	 	
                By:

              	
                Century Communities, Inc.

                 its Manager and Sole Member

              	 
	 	 	 	 
	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        
          
            [Signature page to the Purchase Agreement]

          

          
            

          

        

        	 	
                CC Southeast Constructors, LLC

              	 
	 	 	  	 	 
	 	
                By:

              	
                Century Communities, Inc.

                 its Managing Member

              	 
	 	 	  	 	 
	 	 	
                  By:

              	
                /s/ David Messenger

              	 
	 	 	 	
                David Messenger

              	 
	 	 	 	
                Chief Financial Officer

              	 
	 	   	 
	 	
                CCC Holdings, LLC

              	 
	 	  	 	 
	 	
                By:

              	
                Century Communities, Inc.

                its Manager and Sole Member

              	 
	 	 	 	 	 
	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	
                David Messenger

              	 
	 	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                CCG Constructors LLC

              	 
	 	 	 	 
	 	
                By:

              	
                Century Communities of Georgia, LLC, 

                its Manager and Sole Member

              	 
	 	 	 	 
	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 	 
	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                CCG Realty Group LLC

              	 
	 	 	 
	 	
                By:

              	
                Century Communities of Georgia, LLC, 

                its Manager and Sole Member

              	 
	 	 	 	 
	 	 	
                By:

              	
                Century Communities, Inc.

                 its Manager and Sole Member

              	 
	 	 	 	 
	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        
          
            [Signature page to the Purchase Agreement]

          

          
            

          

        

        	 	
                CCH Homes, LLC

              	 
	 	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC, 

                its Manager

              	 
	 	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC 

                its Manager

              	 
	 	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                CCNC Realty Group, LLC

              	 
	 	 	 
	 	
                By:

              	
                Century Communities, Inc. 

                its Managing Member

              	 
	 	 	 
	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	
                David Messenger

              	 
	 	 	 	
                Chief Financial Officer

              	 
	 	 	 	 	 
	 	
                CCSC Realty Group, LLC

              	 
	 	 	 
	 	
                By:

              	
                Century Communities, Inc. 

                its Managing Member

              	 
	 	 	 
	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	
                David Messenger

              	 
	 	 	 	
                Chief Financial Officer

              	 
	 	 	 	 	 
	 	
                Centennial Holding Company LLC

              	 
	 	

              	 
	 	
                By:

              	
                Century Communities, Inc., 

                its Managing Member

              	 
	 	 	 
	 	 	
                By:

              	/s/ David Messenger	
                

                

              
	 	 	 	David Messenger	
                

                

              
	
                 

                 

                

              	 	 	Chief Financial Officer	
                

                

              

        

        

        
          
            [Signature page to the Purchase Agreement]

          

          
            

          

        

        	 	
                Century at Anthology, LLC

              	 
	 	  	 
	 	
                By:

              	
                Horizon Building Services, LLC 

                its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC 

                its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                Century at Ash Meadows, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC, 

                its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC 

                its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc.

                 its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	
                 

              	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        
          
            [Signature page to the Purchase Agreement]

          

          
            

          

        

        	 	
                Century at Autumn Valley Ranch, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC

                 its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC

                 its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                Century at Beacon Pointe, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC,

                 its Manager

              	 
	 	 	 	    	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC

                 its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        
          
            [Signature page to the Purchase Agreement]

          

          
            

          

        

        

        

        	 	
                Century at Belleview Place, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC 

                its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC 

                its Manager

              	 
	 	 	 	 	 	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 
	 	      	 
	 	
                Century at Caley, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC, 

                its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC

                    its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc.

                 its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        
          
            [Signature page to the Purchase Agreement]

          

          
            

          

        

        	 	
                Century at Candelas, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC,

                 its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC

                 its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                Century at Carousel Farms, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC, 

                its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC

                 its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc.

                 its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        
          
            [Signature page to the Purchase Agreement]

          

          
            

          

        

        	 	
                Century at Castle Pines Town Center, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC

                 its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC

                 its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                Century at Claremont Ranch, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC, 

                its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC

                 its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc.

                    its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        
          
            [Signature page to the Purchase Agreement]

          

          
            

          

        

        	 	
                Century at Colliers Hill, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC, 

                its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC 

                its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC 

                its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 
	 	 	 	 	 	 	 	 
	 	
                Century at Compark Village North, LLC

              	 
	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC, 

                its Manager

              	 
	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC

                 its Managing Member

              	 
	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC 

                its Manager

              	 
	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc. 

                its Manager and Sole Member

              	 
	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        
          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

        

        	 	
                Century at Compark Village South, LLC

              	 
	 	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC,

                 its Manager

              	 
	 	 	     	 
	 	 	
                By:

              	
                Century Land Holdings, LLC

                 its Managing Member

              	 
	 	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC

                 its Manager

              	 
	 	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc.

                 its Manager and Sole Member

              	 
	 	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        	 	
                Century at Coyote Creek, LLC

              	 
	 	 	 	 
	 	
                By:

              	
                Horizon Building Services, LLC, 

                its Manager

              	 
	 	 	 	 
	 	 	
                By:

              	
                Century Land Holdings, LLC

                 its Managing Member

              	 
	 	 	 	 
	 	 	 	
                By:

              	
                CCC Holdings, LLC 

                its Manager

              	 
	 	 	 	 
	 	 	 	 	
                By:

              	
                Century Communities, Inc.

                 its Manager and Sole Member

              	 
	 	 	 	 
	 	 	 	 	 	
                By:

              	
                /s/ David Messenger

              	 
	 	 	 	 	 	 	
                David Messenger

              	 
	 	 	 	 	 	 	
                Chief Financial Officer

              	 

        

        

        
          
            [Signature page to the Purchase Agreement]

          

          
            

          

        

        
          	 	
                  Century at Forest Meadows, LLC

                	 
	 	 	 	 
	 	
                  By:

                	
                  Horizon Building Services, LLC,

                   its Manager

                	 
	 	 	 	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC

                   its Managing Member

                	 
	 	 	 	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC

                   its Manager

                	 
	 	 	 	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                  its Manager and Sole Member

                	 
	 	 	 	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          	 	
                  Century at Harvest Meadows, LLC

                	 
	 	 	 	 
	 	
                  By:

                	
                  Horizon Building Services, LLC, 

                  its Manager

                	 
	 	 	 	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC

                   its Managing Member

                	 
	 	 	 	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC

                      its Manager

                	 
	 	 	 	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                  its Manager and Sole Member

                	 
	 	 	 	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

          	 	
                  Century at Landmark, LLC

                	 
	 	 	 	 
	 	
                  By:

                	
                  Horizon Building Services, LLC, 

                  its Manager

                	 
	 	 	 	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC

                   its Managing Member

                	 
	 	 	 	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                  its Manager and Sole Member

                	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          	 	
                  Century at Littleton Village, LLC

                	 
	 	 	 	 
	 	
                  By:

                	
                  Horizon Building Services, LLC,

                   its Manager

                	 
	 	 	 	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC

                   its Managing Member

                	 
	 	 	 	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                  its Manager and Sole Member

                	 
	 	 	 	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

          	 	
                  Century at Littleton Village II, LLC

                	 
	 	 	 	 
	 	
                  By:

                	
                  Horizon Building Services, LLC 

                  its Manager

                	 
	 	 	 	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC

                   its Managing Member

                	 
	 	 	 	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                  its Manager and Sole Member

                	 
	 	 	 	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          	 	
                  Century at LOR, LLC

                	 
	 	 	 	 
	 	
                  By:

                	
                  Horizon Building Services, LLC,

                   its Manager

                	 
	 	 	 	 
	 	
                  

                  

                	By:	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                  its Manager and Sole Member

                	 
	 	 	 	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

          	 	
                  Century at Lowry, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC,

                  its Manager

                	 
	 	 	 	    	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	 	   	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC

                   its Manager

                	 
	 	 	 	 	   	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                  its Manager and Sole Member

                	 
	 	 	 	 	   	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          	 	
                  Century at Marvella, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC, 

                  its Manager

                	 
	 	 	 	    	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	    	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 	   	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc.

                   its Manager and Sole Member

                	 
	 	 	 	 	 	  	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

          

          

          	 	
                  Century at Mayfield, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC, 

                  its Manager

                	 
	 	 	 	    	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC

                   its Managing Member

                	 
	 	 	 	    	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC

                   its Manager

                	 
	 	 	 	 	   	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc.

                   its Manager and Sole Member

                	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          	 	
                  Century at Meadowbrook, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC,

                   its Manager

                	 
	 	 	 	    	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	 	   	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 	   	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc.

                   its Manager and Sole Member

                	 
	 	 	 	 	 	  	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

          

          

          	 	
                  Century at Midtown, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC, 

                  its Manager

                	 
	 	 	     	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	    	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 	 	  	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc.

                   its Manager and Sole Member

                	 
	 	 	 	 	 	  	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          	 	
                  Century at Millennium, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC,

                   its Manager

                	 
	 	 	 	    	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	 	   	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 	   	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. its Manager and Sole Member

                	 
	 	 	 	 	 	  	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

          	 	
                  Century at Murphy Creek, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC,

                   its Manager

                	 
	 	 	 	    	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	    	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC

                   its Manager

                	 
	 	 	 	 	   	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc.

                   its Manager and Sole Member

                	 
	 	 	 	 	 	  	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          	 	
                  Century at Oak Street, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC, 

                  its Manager

                	 
	 	 	     	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	     
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC

                   its Manager

                	 
	 	 	 	 	   	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc.

                   its Manager and Sole Member

                	 
	 	 	 	 	 	  	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

          	 	
                  Century at Observatory Heights, LLC

                	 
	 	      	 
	 	
                  By:

                	
                  Horizon Building Services, LLC, 

                  its Manager

                	 
	 	 	     	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	    	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 	 	 	 	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                  its Manager and Sole Member

                	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          	 	
                  Century at Outlook, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC, 

                  its Manager

                	 
	 	 	 	    	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC 

                  its Managing Member

                	 
	 	 	 	 	   	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC 

                  its Manager

                	 
	 	 	 	 	 	  	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc.

                   its Manager and Sole Member

                	 
	 	 	 	 	 	  	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

          	 	
                  Century at Pearson Grove, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC,

                   its Manager

                	 
	 	 	 	    	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC

                   its Managing Member

                	 
	 	 	 	 	   	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC

                   its Manager

                	 
	 	 	 	 	 	  	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                  its Manager and Sole Member

                	 
	 	 	 	 	 	  	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          	 	
                  Century at Salisbury Heights, LLC

                	 
	 	 	     	 
	 	
                  By:

                	
                  Horizon Building Services, LLC,

                   its Manager

                	 
	 	 	     	 
	 	 	
                  By:

                	
                  Century Land Holdings, LLC

                    its Managing Member

                	 
	 	 	 	 	   	 
	 	 	 	
                  By:

                	
                  CCC Holdings, LLC

                   its Manager

                	 
	 	 	 	 	   	 
	 	 	 	 	
                  By:

                	
                  Century Communities, Inc. 

                    its Manager and Sole Member

                	 
	 	 	 	 	 	  	 
	 	 	 	 	 	
                  By:

                	
                  /s/ David Messenger

                	 
	 	 	 	 	 	 	
                  David Messenger

                	 
	 	 	 	 	 	 	
                  Chief Financial Officer

                	 

          

          

          
            
              [Signature page to the Purchase Agreement]

            

            
              

            

          

          
            	 	
                    Century at Shalom Park, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	/s/ David Messenger	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century at Southshore, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                      its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century at Spring Valley Ranch, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century at Tanglewood, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century at Terrain, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century at The Grove, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century at the Heights, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century at The Meadows, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century at Vista Ridge, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century at Wildgrass, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century at Wolf Ranch, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century at Wyndham Hill, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century City, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities Construction, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager

                  	 
	 	 	 	 
	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities Construction of Arizona, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities of Arizona, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century Communities of California, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Managing Member

                  	 
	 	 	 	 
	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities of Florida, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities of Georgia, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities of Idaho, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities of Nevada, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc 

                    its Sole Managing Member  .

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century Communities of Nevada Realty, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities of Nevada, LLC,

                     its Sole Managing Member

                  	 
	 	 	 	 
	 	

                  	
                    
                      By:

                    

                  	
                    Century Communities, Inc.

                     its Sole Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities of North Carolina, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                    its Managing Member

                  	 
	 	 	
                    

                    

                  	 	 
	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities of South Carolina, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                    its Managing Member

                  	 
	 	 	 	 
	 	 	By:	
                     /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities of Tennessee, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities of Utah, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century Communities of Washington, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	/s/ David Messenger 

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities Investments, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities Realty of Utah, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. its Manager

                  	 
	 	 	 	 
	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Communities Southeast, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century Land Holdings, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    CCC Holdings, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Land Holdings II, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                        its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                      its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Land Holdings of Texas, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. its Sole Managing Member

                  	 
	 	 	 	 
	 	 	By:	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Land Holdings of Utah, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. its Sole Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            

            

            	 	
                    Century Living, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Rhodes Ranch GC, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities of Nevada, LLC, 

                    its Sole Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Sole Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Century Townhomes at Candelas, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                      its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 	 	

                  	 
	 	 	 	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Century Tuscany GC, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities of Nevada, LLC,

                     its Sole Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Sole Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Cherry Hill Park, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Cottages at Willow Park, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Crown Hill, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Enclave at Pine Grove, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 	 	

                  	 	 
	 	 	 	 	 	By:	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Estates at Chatfield Farms, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Hearth at Oak Meadows, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Hometown, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Hometown South, LLC

                  	 
	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Horizon Building Services, LLC

                  	 
	 	 	 
	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Ladera, LLC

                  	 
	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                        its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	
                     

                  	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Lakeview Fort Collins, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Lincoln Park at Ridgegate, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Meridian Ranch, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	
                    

                    

                  	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	
                    

                    

                  	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	
                    

                    

                  	By:	/s/ David Messenger	 
	 	 	 	 	 	
                    

                    

                  	David Messenger	 
	 	 	 	 	 	
                    

                    

                  	Chief Financial Officer	 

            

            

            	 	
                    Montecito at Ridgegate, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Neighborhood Associations Group, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities of Nevada, LLC,

                     its Sole Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Sole Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Park 5th Avenue Development Co., LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Sole Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Red Rocks Pointe, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Reserve at Highpointe Estates, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	
                    

                    

                  	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	
                    

                    

                  	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	
                    

                    

                  	By:	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	
                    

                    

                  	
                    David Messenger

                  	 
	 	 	 	 	 	
                    

                    

                  	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Reserve at The Meadows, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 
	 	 	 
	 	
                    Saddleback Heights, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    SAH Holdings, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Stetson Ridge Homes, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    The Overlook at Tallyn’s Reach, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 
	 	 	 
	 	
                    The Retreat at Ridgegate, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    The Veranda, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                      its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    The Wheatlands, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, 

                    its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    UCP, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	
                    David Messenger

                  	 
	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    UCP Barclay III, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	
                    David Messenger Chief Financial Officer

                  	 

            

            

            	 	
                    UCP East Garrison, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	
                    David Messenger Chief Financial Officer

                  	 

            

            

            	 	
                    UCP Kerman, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	
                    David Messenger Chief Financial Officer

                  	 

            

            

            	 	
                    UCP Meadowood III, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	
                    David Messenger Chief Financial Officer

                  	 

            

            

            	 	
                    UCP Sagewood, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	
                    David Messenger Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    UCP Soledad, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	
                    David Messenger Chief Financial Officer

                  	 

             

            

            	 	
                    UCP Tapestry, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	
                    David Messenger Chief Financial Officer

                  	 

             

            

            	 	
                    Venue at Arista, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                     /s/ David Messenger     

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

             

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Verona Estates, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC

                     its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                      its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger     

                  	 
	 	 	 	 	 	
                     

                  	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Villas at Highland Park, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC

                     its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

             

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Villas at Murphy Creek, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC, its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Waterside at Highland Park, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Westown Condominiums, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	
                    Westown Townhomes, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    Wildgrass, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Horizon Building Services, LLC,

                     its Manager

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Land Holdings, LLC 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    CCC Holdings, LLC 

                    its Manager

                  	 
	 	 	 	 
	 	 	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Manager and Sole Member

                  	 
	 	 	 	 
	 	 	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    WJH LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    Century Communities, Inc.

                     its Managing Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	
                    David Messenger

                  	 
	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            	 	
                    WJH Sales of AZ, LLC

                  	 
	 	 	 	 
	 	
                    By:

                  	
                    WJH LLC, its Sole Member

                  	 
	 	 	 	 
	 	 	
                    By:

                  	
                    Century Communities, Inc. 

                    its Managing Member

                  	 
	 	 	 	 
	 	 	 	
                    By:

                  	
                    /s/ David Messenger

                  	 
	 	 	 	 	
                    David Messenger

                  	 
	 	 	 	 	
                    Chief Financial Officer

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            The foregoing Purchase Agreement is hereby confirmed and accepted by the Initial Purchasers as of the date first above written.

            

            

            	
                    BOFA SECURITIES, INC.

                  	 
	
                    Acting on behalf of itself

                    and as the Representative of

                    the several Initial Purchasers

                  	

                  
	 	 	 
	
                    By:

                  	
                    BofA Securities, Inc.

                  	 
	 	 	 
	
                    By:

                  	
                    /s/ Reagan C. Philipp

                  	 

            

            

            
              
                [Signature page to the Purchase Agreement]

              

              
                

              

            

            	 	 	
                    SCHEDULE A

                  	 
	
                    Initial Purchasers

                  	 	
                    Aggregate Principal Amount of Securities to be Purchased

                  	 
	
                    BofA Securities, Inc.

                  	 	
                    $

                  	
                    201,784,000

                  	 
	
                    Fifth Third Securities, Inc.

                  	 	
                    $

                  	
                    50,444,000

                  	 
	
                    J.P. Morgan Securities, LLC

                  	 	
                    $

                  	
                    50,444,000

                  	 
	
                    U.S. Bancorp Investments, Inc.

                  	 	
                    $

                  	
                    50,444,000

                  	 
	
                    Wells Fargo Securities, LLC

                  	 	
                    $

                  	
                    34,589,000

                  	 
	
                    BMO Capital Markets, Corp.

                  	 	
                    $

                  	
                    19,459,000

                  	 
	
                    Builder Advisor Group, LLC

                  	 	
                    $

                  	
                    19,459,000

                  	 
	
                    PNC Capital Markets, LLC

                  	 	
                    $

                  	
                    19,459,000

                  	 
	
                    Woodrock Securities, LP

                  	 	
                    $

                  	
                    19,459,000

                  	 
	
                    Zions Direct, Inc.

                  	 	
                    $

                  	
                    19,459,000

                  	 
	
                    Zelman Partners, LLC

                  	 	
                    $

                  	
                    15,000,000

                  	 
	
                          Total

                  	 	
                    $

                  	
                    500,000,000

                  	 

             

            

            
              
                

              

            

            
            ANNEX I

            

            

            Resale Pursuant to Regulation S or Rule 144A.  Each Initial
                Purchaser understands that:

            

            

            Such Initial Purchaser agrees that it has not offered or sold and will not offer or sell the Securities in the United States or to, or for the benefit or account of, a U.S. person (other than a distributor), in
              each case, as defined in Rule 902 of Regulation S (i) as part of its distribution at any time and (ii) otherwise until 40 days after the later of the commencement of the offering of the Securities pursuant hereto and the Closing Date, other
              than in accordance with Regulation S or another exemption from the registration requirements of the Securities Act.  Such Initial Purchaser agrees that, during such 40-day restricted period, it will not cause any advertisement with respect to
              the Securities (including any “tombstone” advertisement) to be published in any newspaper or periodical or posted in any public place and will not issue any circular relating to the Securities, except such advertisements as permitted by and
              include the statements required by Regulation S.

            

            

            Such Initial Purchaser agrees that, at or prior to confirmation of a sale of Securities by it to any distributor, dealer or person receiving a selling concession, fee or other remuneration during the 40-day
              restricted period referred to in Rule 903 of Regulation S, it will send to such distributor, dealer or person receiving a selling concession, fee or other remuneration a confirmation or notice to substantially the following effect:

            

            

            “The Securities covered hereby have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered and sold within the United States or
              to, or for the account or benefit of, U.S. persons (i) as part of your distribution at any time or (ii) otherwise until 40 days after the later of the date the Securities were first offered to persons other than distributors in reliance on
              Regulation S and the Closing Date, except in either case in accordance with Regulation S under the Securities Act (or in accordance with Rule 144A under the Securities Act or to accredited investors in transactions that are exempt from the
              registration requirements of the Securities Act), and in connection with any subsequent sale by you of the Securities covered hereby in reliance on Regulation S under the Securities Act during the period referred to above to any distributor,
              dealer or person receiving a selling concession, fee or other remuneration, you must deliver a notice to substantially the foregoing effect.  Terms used above have the meanings assigned to them in Regulation S under the Securities Act.”

            

            

            Such Initial Purchaser agrees that the Securities offered and sold in reliance on Regulation S will be represented upon issuance by a global security that may not be exchanged for definitive securities until the
              expiration of the 40-day restricted period referred to in Rule 903 of Regulation S and only upon certification of beneficial ownership of such Securities by non-U.S. persons or U.S. persons who purchased such Securities in transactions that
              were exempt from the registration requirements of the Securities Act.

            

            

            Annex I-1Exhibit 10.1
Portions of this Exhibit have been redacted because they are both (i) not material and (ii) would be competitively harmful if publicly disclosed. Information that was omitted has been noted in this document with a placeholder identified by the mark “[***]”
PUBLIC HEALTH SERVICE
AMENDED AND RESTATED PATENT LICENSE AGREEMENT ‒ EXCLUSIVE
This Agreement is based on the model Patent License Exclusive Agreement adopted by the U.S. Public Health Service (“PHS”) Technology Transfer Policy Board for use by components of the National Institutes of Health (“NIH”), the Centers for Disease Control and Prevention (“CDC”), and the Food and Drug Administration (“FDA”), which are agencies of the PHS within the Department of Health and Human Services (“HHS”).
​
This Cover Page identifies the Parties to this Agreement:
​
The U.S. Department of Health and Human Services, as represented by
The National Institutes of Health 
an Institute or Center (hereinafter referred to as the “IC”) of the
NIH
​
and
​
Iovance Biotherapeutics, Inc. (f/k/a Lion Biotechnologies, Inc.)
hereinafter referred to as the “Licensee”,
having offices at 999 Skyway Road, Suite 150, San Carlos, CA 94070,
created and operating under the laws of the State of Delaware
Tax ID No: 75-3254381

​

​

For the IC internal use only:
License Number: L-107-2015-3
License Application Numbers: A-286-2014; A-128-2015; and A-168-2021
Serial Number(s) of Licensed Patent(s) or Patent Application(s): The patents and patent applications listed in Appendix A are incorporated by reference herein.
Licensee: Iovance Biotherapeutics, Inc.
Cooperative Research and Development Agreement (CRADA) Number: None
Public Benefit(s):
The public will benefit from the development of Licensed Products by the Licensee that are granted FDA approval. There is a long-felt need for better treatments for metastatic melanoma. The development of novel TIL-based therapies will provide patients with new cancer treatment options in the realm of personalized medicine to support public health.
​
This Amended and Restated Patent License Agreement, hereinafter referred to as the “Agreement”, consists of this Cover Page, an attached Agreement, a Signature Page, Appendix A (List of Patent(s) or Patent Application(s)), Appendix B (Fields of Use and Territory), Appendix C (Royalties), Appendix D (Benchmarks and Performance), Appendix E (Commercial Development Plan), Appendix F (Example Royalty Report), and Appendix G (Royalty Payment Options). 
​

​
‌​

The IC and the Licensee agree as follows:
​
	1.	BACKGROUND

		1.1	In the course of conducting biomedical and behavioral research, the IC or the FDA investigators made inventions that may have commercial applicability.

		1.2	By assignment of rights from IC or FDA employees and other inventors, HHS, on behalf of the Government, owns intellectual property rights claimed in any United States or foreign patent applications or patents corresponding to the assigned inventions. HHS also owns any tangible embodiments of these inventions actually reduced to practice by the IC or the FDA.

		1.3	The Secretary of HHS has delegated to the IC the authority to enter into this Agreement for the licensing of rights to these inventions.

		1.4	The IC desires to transfer these inventions to the private sector through commercialization licenses to facilitate the commercial development of products and processes for public use and benefit.

		1.5	The Licensee desires to acquire commercialization rights to certain of these inventions in order to develop processes, methods, or marketable products for public use and benefit.

		1.6	The parties previously entered into that certain Patent License Agreement, dated as of February 9, 2015 (“Original Agreement”), as amended by First Amendment to L-107-2015/0, dated as of October 2, 2015 and corrected as of  December 10, 2015, (the “First Amendment”) and desire to enter into this Agreement to further amend and fully restate the Original Agreement (including the First Amendment).

		1.7	The parties acknowledge that after execution of the Original Agreement and the First Amendment, Licensee changed its name from Lion Biotechnologies, Inc. to Iovance Biotherapeutics, Inc. 

	2.	DEFINITIONS

		2.1	“Affiliate(s)” means a corporation or other business entity, which directly or indirectly is controlled by or controls, or is under common control with the Licensee. For this purpose, the term “control” shall mean ownership of more than fifty percent (50%) of the voting stock or other ownership interest of the corporation or other business entity, or the power to elect or appoint more than fifty percent (50%) of the members of the governing body of the corporation or other business entity.

		2.2	“Benchmarks” mean the performance milestones that are set forth in Appendix D.

​
‌​

		2.3	“Commercial Development Plan” means the written commercialization plan attached as Appendix E.

		2.4	“Commercially Reasonable Efforts” means, with respect to the efforts to be expended by Licensee with respect to any objective, the reasonable, diligent, good faith efforts to accomplish such objective as Licensee would normally use to accomplish a similar objective under similar circumstances. It is understood and agreed that with respect to the research, development and sale of Licensed Products or Licensed Process(es) by Licensee, such efforts shall be substantially equivalent to those efforts and resources commonly used by Licensee for products owned by it or to which it has rights, which product is at a similar stage in its development or product life cycle. Commercially Reasonable Efforts shall be determined on a market-by-market basis, and it is anticipated that the level of effort will be different for different markets, and will change over time, reflecting changes in the status of the Licensed Products or Licensed Process(es) and the market(s) involved.

		2.5	“CRADA” means a Cooperative Research and Development Agreement.

		2.6	“FDA” means the U.S. Food and Drug Administration.

		2.7	“First Commercial Sale” means the initial transfer by or on behalf of the Licensee or its sublicensees of the Licensed Products or the initial practice of a Licensed Process by or on behalf of the Licensee or its sublicensees in a country after obtaining regulatory approval by the FDA or any foreign equivalent necessary for the marketing and sale of such Licensed Product or practice of such Licensed Process in exchange for cash or some equivalent consideration to which value can be assigned for the purpose of determining Net Sales.

		2.8	“Government” means the Government of the United States of America.

		2.9	“Licensed Fields of Use 1 and 2” means the Licensed Field of Use 1 and the Licensed Field of Use 2; “Licensed Field of Use 1” and “Licensed Field of Use 2” shall mean the fields of use identified for such terms, respectively, in Appendix B. 

		2.10	“Licensed Patent Rights” shall mean:

		(a)	patent applications (including provisional patent applications and PCT patent applications) or patents listed in Appendix A, all divisions and continuations of these applications, all patents issuing from these applications, divisions, and continuations, and any reissues, reexaminations, and extensions of these patents;

		(b)	to the extent that the following contain one or more claims directed to the invention or inventions disclosed in Paragraph 2.10(a):

		(i)	continuations-in-part of Paragraph 2.10(a);

​
‌​

		(ii)	all divisions and continuations of these continuations-in-part;

		(iii)	all patents issuing from these continuations-in-part, divisions, and continuations;

		(iv)	priority patent application(s) of Paragraph 2.10(a); and

		(v)	any reissues, reexaminations, and extensions of these patents;

		(c)	to the extent that the following contain one or more claims directed to the invention or inventions disclosed in Paragraph 2.10(a): all counterpart foreign and U.S. patent applications and patents to Paragraphs 2.10(a) and 2.10(b), including those listed in Appendix A; and

		(d)	Licensed Patent Rights shall not include Paragraphs 2.10(b) or 2.10(c) to the extent that they contain one or more claims directed to new matter which is not the subject matter disclosed in Paragraph 2.10(a).

		2.11	“Licensed Processes” means processes which, in the course of being practiced, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

		2.12	“Licensed Products” means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

		2.13	“Licensed Territory” means the geographical area identified in Appendix B.

		2.14	“Net Sales” means the total gross receipts received by Licensee for sales of Licensed Products or practice of Licensed Processes by or on behalf of the Licensee or its sublicensees, and from leasing, renting, or otherwise making the Licensed Products available to others for consideration without sale or other dispositions, whether invoiced or not, less returns and allowances, packing costs, insurance costs, freight out, taxes or excise duties imposed on the transaction (if separately invoiced), and wholesaler and cash discounts in amounts customary in the trade to the extent actually granted. No deductions shall be made for commissions paid to individuals, whether they are with independent sales agencies or regularly employed by the Licensee, or sublicensees, and on its payroll, or for the cost of collections. “Net Sales” shall not include (a) the supply of Licensed Products or use of Licensed Processes, for use in pre-clinical or clinical studies, or for process development, quality control or assurance, storage as safety stock, transfer as a charitable donation or any other transaction for which no gross revenue is received or (b) sales made in a country or region in which no Licensed Patent Rights exist.

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		2.15	“Practical Application” means to manufacture in the case of a composition or product, to practice in the case of a process or method, or to operate in the case of a machine or system; and in each case, under these conditions as to establish that the invention is being utilized and that its benefits are to the extent permitted by law or Government regulations available to the public on reasonable terms not inconsistent with the terms applicable to similar products or processes and taking into account the efficacy and safety profile of the Licensed Product or the utility of the Licensed Process and other relevant commercial, scientific, technical and other factors.

		2.16	“Research License” means a nontransferable, nonexclusive license to make and to use the Licensed Products or the Licensed Processes as defined by the Licensed Patent Rights for purposes of research only and not for purposes of commercial sale, manufacture or distribution or in lieu of purchase.

	3.	GRANT OF RIGHTS

		3.1	The IC hereby grants and the Licensee accepts, subject to the terms and conditions of this Agreement, an exclusive license to Group A of the Licensed Patent Rights in the Licensed Territory to make and have made, to use and have used, to sell and have sold, to offer to sell, and to import any Licensed Products in the Licensed Field of Use 1 and to practice and have practiced any Licensed Process(es) in such Licensed Field of Use 1. 

		3.2	The IC hereby grants and the Licensee accepts, subject to the terms and conditions of this Agreement, a non-exclusive license to Group B of the Licensed Patent Rights in the Licensed Territory to make and have made, to use and have used, to sell and have sold, to offer to sell, and to import any Licensed Products in Licensed Fields of Use 1 and 2 and to practice and have practiced any Licensed Process(es) in Licensed Fields of Use 1 and 2. 

		3.3	This Agreement confers no license or rights by implication, estoppel, or otherwise under any patent applications or patents of the IC other than the Licensed Patent Rights regardless of whether these patents are dominant or subordinate to the Licensed Patent Rights.

	4.	SUBLICENSING

		4.1	Upon written approval, which shall include prior review of any sublicense agreement by the IC and which shall not be unreasonably withheld or delayed, the Licensee may enter into sublicensing agreements under the Licensed Patent Rights.

		4.2	The Licensee agrees that any sublicenses shall provide that the obligations to the IC of Paragraphs 5.1-5.4, 8.1, 10.1, 10.2, 12.5, and 13.8-13.10 of this Agreement shall be binding upon the sublicensee as if it were a party to this Agreement. The Licensee further agrees to attach copies of these Paragraphs to all sublicense agreements.

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		4.3	Any sublicenses granted by the Licensee shall provide for the termination of the sublicense, or the conversion to a license directly between the sublicensees and the IC, at the option of the sublicensee, upon termination of this Agreement under Article 13. This conversion is subject to the IC approval, which will not be unreasonably denied or delayed, and contingent upon acceptance by the sublicensee of the remaining provisions of this Agreement.

		4.4	The Licensee agrees to forward to the IC a complete copy of each fully executed sublicense agreement postmarked within thirty (30) days of the execution of the agreement. To the extent permitted by law, the IC agrees to maintain each sublicense agreement in confidence. 

	5.	STATUTORY AND IC REQUIREMENTS AND RESERVED GOVERNMENT RIGHTS

		5.1	​

		(a)	the IC reserves on behalf of the Government an irrevocable, nonexclusive, nontransferable, royalty-free license for the practice of all inventions licensed under the Licensed Patent Rights throughout the world by or on behalf of the Government and on behalf of any foreign government or international organization pursuant to any existing or future treaty or agreement to which the Government is a signatory. Prior to the First Commercial Sale, the Licensee agrees to provide the IC with reasonable quantities of the Licensed Products or materials made through the Licensed Processes for IC research use. Given the nature of the envisioned Licensed Products as personalized autologous cell therapy products, if any Licensed Products and/or materials made through the Licensed Processes are not available in reasonable quantities for IC research use, they shall not be subject to the foregoing obligation; and

		(b)	in the event that the Licensed Patent Rights are Subject Inventions made under CRADA, the Licensee grants to the Government, pursuant to 15 U.S.C. §3710a(b)(1)(A), a nonexclusive, nontransferable, irrevocable, paid-up license to practice the Licensed Patent Rights or have the Licensed Patent Rights practiced throughout the world by or on behalf of the Government. In the exercise of this license, the Government shall not publicly disclose trade secrets or commercial or financial information that is privileged or confidential within the meaning of 5 U.S.C. §552(b)(4) or which would be considered as such if it had been obtained from a non-Federal party. Prior to the First Commercial Sale, the Licensee agrees to provide the IC with reasonable quantities of the Licensed Products or materials made through the Licensed Processes for IC research use. Given the nature of the envisioned Licensed Products as personalized autologous cell therapy products, if any Licensed Products and/or materials made through the Licensed Processes are not available in 

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			reasonable quantities for IC research use, they shall not be subject to the foregoing obligation. 

		5.2	The Licensee agrees that products used or sold in the United States embodying the Licensed Products or produced through use of the Licensed Processes shall be manufactured substantially in the United States, unless a written waiver is obtained in advance from the IC.

		5.3	The Licensee acknowledges that the IC may enter into future CRADAs under the Federal Technology Transfer Act of 1986 that relate to the subject matter of this Agreement. The Licensee agrees not to unreasonably deny requests for a Research License from future collaborators with the IC when acquiring these rights is necessary in order to make a CRADA project feasible. The Licensee may request an opportunity to join as a party to the proposed CRADA.

		5.4	​

		(a)	in addition to the reserved license of Paragraph 5.1, the IC reserves the right to grant Research Licenses directly or to require the Licensee to grant Research Licenses on reasonable terms. The purpose of these Research Licenses is to encourage basic research, whether conducted at an academic or corporate facility. In order to safeguard the Licensed Patent Rights, however, the IC shall consult with the Licensee before granting to commercial entities a Research License or providing to them research samples of materials made through the Licensed Processes; and

		(b)	in exceptional circumstances, and in the event that the Licensed Patent Rights are Subject Inventions made under a CRADA, the Government, pursuant to 15 U.S.C. §3710a(b)(1)(B), retains the right to require the Licensee to grant to a responsible applicant a nonexclusive, partially exclusive, or exclusive sublicense to use the Licensed Patent Rights in the Licensed Fields of Use 1 and 2 on terms that are reasonable under the circumstances, or if the Licensee fails to grant this license, the Government retains the right to grant the license itself. The exercise of these rights by the Government shall only be in exceptional circumstances and only if the Government determines:

		(i)	the action is necessary to meet health or safety needs that are not reasonably satisfied by the Licensee;

		(ii)	the action is necessary to meet requirements for public use specified by Federal regulations, and these requirements are not reasonably satisfied by the Licensee; or

		(iii)	the Licensee has failed to comply with an agreement containing provisions described in 15 U.S.C. §3710a(c)(4)(B); and

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		(c)	the determination made by the Government under this Paragraph 5.4 is subject to administrative appeal and judicial review under 35 U.S.C. §203(b).

	6.	ROYALTIES AND REIMBURSEMENT

		6.1	The Licensee agrees to pay the IC a non-creditable, nonrefundable license issue royalty as set forth in Appendix C.

		6.2	The Licensee agrees to pay the IC a nonrefundable minimum annual royalty as set forth in Appendix C.

		6.3	The Licensee agrees to pay the IC earned royalties as set forth in Appendix C.

		6.4	The Licensee agrees to pay the IC benchmark royalties as set forth in Appendix C.

		6.5	The Licensee agrees to pay the IC sublicensing royalties as set forth in Appendix C.

		6.6	A patent or patent application licensed under this Agreement shall cease to fall within the Licensed Patent Rights for the purpose of computing earned royalty payments in any given country on the earliest of the dates that:

		(a)	the application has been abandoned and not continued;

		(b)	the patent expires or irrevocably lapses, or

		(c)	the patent has been held to be invalid or unenforceable by an unappealed or unappealable decision of a court of competent jurisdiction or administrative agency.

		6.7	No multiple royalties shall be payable because any Licensed Products or Licensed Processes are covered by more than one of the Licensed Patent Rights.

		6.8	On sales of the Licensed Products by the Licensee to sublicensees or on sales made in other than an arms-length transaction, the value of the Net Sales attributed under this Article 6 to this transaction shall be that which would have been received in an arms-length transaction, based on sales of like quantity and quality products on or about the time of this transaction.

		6.9	With regard to unreimbursed expenses associated with the preparation, filing, prosecution, and maintenance of all patent applications and patents in the E-068-2018 patent family within the Licensed Patent Rights and paid by the IC prior to the effective date of this Agreement, the Licensee shall pay the IC, as an additional royalty, within sixty (60) days of the IC’s submission of a statement and request for payment to the Licensee, an amount equivalent to these 

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			unreimbursed expenses previously paid by the IC. As of April 5, 2021 these unreimbursed expenses are approximately [***]. 

		6.10	With regard to unreimbursed expenses associated with the preparation, filing, prosecution, and maintenance of all patent applications and patents to the extent included within the Licensed Patent Rights and paid by the IC on or after the effective date of this Agreement, the IC, at its sole option, may require the Licensee:

		(a)	to pay the IC on an annual basis, within sixty (60) days of the IC’s submission of a statement and request for payment, a royalty amount equivalent to these unreimbursed expenses paid during the previous calendar year(s) provided, however, that if the IC grants a commercialization license under the Licensed Patent Rights to one or more third parties, then the Licensee shall pay the IC a pro-rated portion of such unreimbursed expenses calculated by dividing the total patent costs paid during the previous calendar year(s) by the number of commercialization licensees of record whose licenses have a licensed field of use which includes the development of therapeutic or diagnostic products and falls within the scope of the Licensed Patent Rights as of the date of this statement. For avoidance of doubt, if the Licensee is the only commercialization licensee of record whose license has a licensed field of use which includes the development of therapeutic or diagnostic products and falls within the scope of the Licensed Patent Rights as of the date of this statement, the Licensee shall pay IC a royalty amount equivalent to one hundred percent (100%) of these unreimbursed expenses paid during the previous calendar year(s);

		(b)	to pay these unreimbursed expenses directly to the law firm employed by the IC to handle these functions. However, in this event, the IC and not the Licensee shall be the client of the law firm; or

		(c)	in limited circumstances, the Licensee may be given the right to assume responsibility for the preparation, filing, prosecution, or maintenance of any patent application or patent included with the Licensed Patent Rights. In such event, the Licensee shall directly pay the attorneys or agents engaged to prepare, file, prosecute, or maintain these patent applications or patents and shall provide the IC with copies of each invoice associated with these services as well as documentation that these invoices have been paid.

		6.11	The IC agrees, upon written request, to provide the Licensee with summaries of patent prosecution invoices for which the IC has requested payment from the Licensee under Paragraphs 6.9 and 6.10. The Licensee agrees that all information provided by the IC related to patent prosecution costs shall be treated as confidential commercial information and shall not be released to a third party 

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			(other than its Affiliates or sublicensee) except as required by law or a court of competent jurisdiction.

		6.12	The Licensee may elect to surrender its rights in any country of the Licensed Territory under any of the Licensed Patent Rights upon ninety (90) days written notice to the IC and owe no payment obligation under Paragraph 6.10 for patent-related expenses incurred in that country after ninety (90) days of the effective date of the written notice.

	7.	PATENT FILING, PROSECUTION, AND MAINTENANCE

		7.1	Except as otherwise provided in this Article 7, the IC agrees to take responsibility for, but to consult with, the Licensee in the preparation, filing, prosecution, and maintenance of any and all patent applications or patents included in the Licensed Patent Rights and shall furnish copies of relevant patent-related documents to the Licensee.

		7.2	Upon the IC’s written request, the Licensee shall assume the responsibility for the preparation, filing, prosecution, and maintenance of any and all patent applications or patents included in the Licensed Patent Rights and shall, on an ongoing basis, promptly furnish copies of all patent-related documents to the IC. In this event, the Licensee shall, subject to the prior approval of the IC, select registered patent attorneys or patent agents to provide these services on behalf of the Licensee and the IC. The IC shall provide appropriate powers of attorney and other documents necessary to undertake this action to the patent attorneys or patent agents providing these services. The Licensee and its attorneys or agents shall consult with the IC in all aspects of the preparation, filing, prosecution and maintenance of patent applications and patents included within the Licensed Patent Rights and shall provide the IC sufficient opportunity to comment on any document that the Licensee intends to file or to cause to be filed with the relevant intellectual property or patent office.

		7.3	At any time, after Licensee has assumed responsibility for the preparation, filing, prosecution, and maintenance of Licensed Patent Rights as provided in Paragraph 7.2, the IC may provide the Licensee with written notice that the IC wishes to re-assume control of the preparation, filing, prosecution, and maintenance of any and all patent applications or patents included in the Licensed Patent Rights. If the IC elects to reassume these responsibilities, the Licensee agrees to cooperate fully with the IC, its attorneys, and agents in the preparation, filing, prosecution, and maintenance of any and all patent applications or patents included in the Licensed Patent Rights and to provide the IC with complete copies of any and all documents or other materials in Licensee’s possession or control that the IC deems necessary to undertake such responsibilities. The Licensee shall be responsible for all costs associated with transferring patent prosecution responsibilities to an attorney or agent of the IC’s choice.

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		7.4	Each party shall promptly inform the other as to all material matters that come to its attention that may affect the preparation, filing, prosecution, or maintenance of the Licensed Patent Rights and permit each other to provide comments and suggestions with respect to the preparation, filing, prosecution, and maintenance of the Licensed Patent Rights, which comments and suggestions shall be considered by the other party.

	8.	RECORD KEEPING

		8.1	The Licensee agrees to keep accurate and correct records of the Licensed Products made, used, sold, or imported and the Licensed Processes practiced under this Agreement appropriate to determine the amount of royalties due the IC. These records shall be retained for at least five (5) years following a given reporting period and shall be available during normal business hours for inspection, at the expense of the IC, by an accountant or other designated auditor selected by the IC for the sole purpose of verifying reports and royalty payments hereunder. Licensee may require such auditor or accountant to enter into a confidentiality agreement with Licensee containing reasonable terms and conditions for the protection of Licensee’s non-public and proprietary information. The accountant or auditor shall only disclose to the IC information relating to the accuracy of reports and royalty payments made under this Agreement. If an inspection shows an underreporting or underpayment in excess of [***]for any twelve (12) month period, then the Licensee shall reimburse the IC for the cost of the inspection at the time the Licensee pays the unreported royalties, including any additional royalties as required by Paragraph 9.8. All royalty payments required under this Paragraph 8.1 shall be due within sixty (60) days of the date the IC provides to the Licensee notice of the payment due.

	9.	REPORTS ON PROGRESS, BENCHMARKS, SALES, AND PAYMENTS

		9.1	Prior to signing this Agreement, the Licensee has provided the IC with the Commercial Development Plan in Appendix E, under which the Licensee intends to use Commercially Reasonable Efforts to bring Licensed Product(s) or Licensed Process(es) within the subject matter of the Licensed Patent Rights to the point of Practical Application. This Commercial Development Plan is hereby incorporated by reference into this Agreement. Based on this plan, performance Benchmarks are determined as specified in Appendix D.

		9.2	The Licensee shall provide written annual reports on its product development progress or efforts to commercialize any Licensed Product under the Commercial Development Plan within sixty (60) days after December 31 of each calendar year. These progress reports shall include, but not be limited to: progress on research and development, status of applications for regulatory approvals, manufacturing, sublicensing, marketing, importing, and sales during the preceding calendar year, as well as, plans for the present calendar year. The IC also encourages these reports to include information on any of the Licensee’s public service activities that relate to the Licensed Patent Rights. If reported 

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			progress differs from that projected in the Commercial Development Plan and Benchmarks, the Licensee shall explain the reasons for these differences. In the annual report, the Licensee may propose amendments to the Commercial Development Plan, acceptance of which by the IC may not be denied unreasonably. The Licensee agrees to provide any additional information reasonably required by the IC to evaluate the Licensee’s performance under this Agreement. The Licensee may amend the Benchmarks at any time upon written approval by the IC. The IC shall not unreasonably withhold approval of any request of the Licensee to extend the time periods of this schedule if the request is supported by a reasonable showing by the Licensee of diligence in its performance under the Commercial Development Plan and toward bringing the Licensed Products to the point of Practical Application as defined in 37 C.F.R. §404.3(d). The Licensee shall amend the Commercial Development Plan and Benchmarks at the request of the IC to address any Licensed Field of Use 1 not specifically addressed in the plan originally submitted.

		9.3	The Licensee shall report to the IC the dates for achieving Benchmarks specified in Appendix D and the First Commercial Sale in each country in the Licensed Territory within thirty (30) days of such occurrences.

		9.4	Following the First Commercial Sale, the Licensee shall submit to the IC, within sixty (60) days after each calendar half-year ending June 30 and December 31, a royalty report, as described in the example in Appendix F, setting forth for the preceding half-year period the amount of the Licensed Products sold or Licensed Processes practiced by or on behalf of the Licensee in each country within the Licensed Territory, the Net Sales, and the amount of royalty accordingly due. With each royalty report, the Licensee shall submit payment of earned royalties due. If no earned royalties are due to the IC for any reporting period, the written report shall so state. The royalty report shall be certified as correct by an authorized officer of the Licensee and shall include a detailed listing of all deductions made under Paragraph 2.14 to determine Net Sales made under Article 6 to determine royalties due. The royalty report shall also identify the site of manufacture for the Licensed Product(s) sold in the United States.

		9.5	The Licensee agrees to forward semi-annually to the IC a copy of these reports received by the Licensee from its sublicensees during the preceding half-year period as shall be pertinent to a royalty accounting to the IC by the Licensee for activities under the sublicense.

		9.6	Royalties due under Article 6 shall be paid in U.S. dollars and payment options are listed in Appendix G. For conversion of foreign currency to U.S. dollars, the conversion rate shall be the New York foreign exchange rate quoted in The Wall Street Journal on the day preceding the day that the payment is due. Any loss of exchange, value, taxes, or other expenses incurred in the transfer or conversion to U.S. dollars shall be paid entirely by the Licensee. The royalty report required by Paragraph 9.4 shall be mailed to the IC at its address for Agreement Notices indicated on the Signature Page.

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		9.7	The Licensee shall be solely responsible for determining if any tax on royalty income is owed outside the United States and shall pay the tax and be responsible for all filings with appropriate agencies of foreign governments. As reasonably requested by Licensee, IC shall cooperate with Licensee in applying for any valid exemption or obtaining any valid refund of such taxes paid by Licensee.

		9.8	Additional royalties may be assessed by the IC on any payment that is more than ninety (90) days overdue at the rate of [***] percent ([***]%) per [***]. This [***]percent ([***]%) per [***]rate may be applied retroactively from the original due date until the date of receipt by the IC of the overdue payment and additional royalties. The payment of any additional royalties shall not prevent the IC from exercising any other rights it may have as a consequence of the lateness of any payment.

		9.9	All plans and reports required by this Article 9 and marked “confidential” by the Licensee shall, to the extent permitted by law, be treated by the IC as commercial and financial information obtained from a person and as privileged and confidential, and any proposed disclosure of these records by the IC under the Freedom of Information Act (FOIA), 5 U.S.C. §552 shall be subject to the predisclosure notification requirements of 45 C.F.R. §5.65(d).

	10.	PERFORMANCE

		10.1	The Licensee shall use its Commercially Reasonable Efforts to bring the Licensed Products and the Licensed Processes to Practical Application. Commercially Reasonable Efforts for the purposes of this provision shall include reasonable adherence to the Commercial Development Plan in Appendix E and performance of the Benchmarks in Appendix D in each case as either may be amended from time to time. The efforts of a sublicensee or an Affiliate of Licensee shall be considered the efforts of the Licensee.

		10.2	Upon the First Commercial Sale in the United States, until the expiration or termination of this Agreement, the Licensee shall use its Commercially Reasonable Efforts to make the Licensed Products and the Licensed Processes reasonably accessible to the United States public.

		10.3	The Licensee agrees, after its First Commercial Sale, to make reasonable quantities of the Licensed Products or materials produced through the use of the Licensed Processes within the Licensed Fields of Use 1 and 2 available to patient assistance programs.

		10.4	The Licensee agrees, after its First Commercial Sale and as part of its marketing and product promotion, to develop educational materials (e.g., brochures, website, etc.) directed to patients and physicians detailing the Licensed Products or medical aspects of the prophylactic and therapeutic uses of the Licensed Products.

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		10.5	The Licensee agrees to supply, to the Mailing Address for Agreement notices indicated on the Signature Page, the Office of Technology Transfer, NIH with inert samples of the Licensed Products or the Licensed Processes or their packaging for educational and display purposes only.

	11.	INFRINGEMENT AND PATENT ENFORCEMENT

		11.1	The IC and the Licensee agree to notify each other promptly of each infringement or possible infringement of the Licensed Patent Rights, as well as, any facts which may affect the validity, scope, or enforceability of the Licensed Patent Rights of which either party becomes aware.

		11.2	Pursuant to this Agreement and the provisions of 35 U.S.C. Chapter 29, the Licensee may:

		(a)	bring suit in its own name, at its own expense, and on its own behalf for infringement of presumably valid claims in the Licensed Patent Rights;

		(b)	in any suit, enjoin infringement and collect for its use, damages, profits, and awards of whatever nature recoverable for the infringement; or

		(c)	settle any claim or suit for infringement of the Licensed Patent Rights provided, however, that the IC and appropriate Government authorities shall have the first right to take such actions; and

		(d)	if the Licensee desires to initiate a suit for patent infringement, the Licensee shall notify the IC in writing. If the IC does not notify the Licensee of its intent to pursue legal action within ninety (90) days, the Licensee shall be free to initiate suit. The IC shall have a continuing right to intervene in the suit. The Licensee shall take no action to compel the Government either to initiate or to join in any suit for patent infringement. The Licensee may request the Government to initiate or join in any suit if necessary to avoid dismissal of the suit. Should the Government be made a party to any suit, the Licensee shall reimburse the Government for any costs, expenses, or fees which the Government incurs as a result of the motion or other action, including all costs incurred by the Government in opposing the motion or other action. In all cases, the Licensee agrees to keep the IC reasonably apprised of the status and progress of any litigation. Before the Licensee commences an infringement action, the Licensee shall notify the IC and give careful consideration to the views of the IC and to any potential effects of the litigation on the public health in deciding whether to bring suit.

		11.3	In the event that a declaratory judgment action alleging invalidity or non-infringement of any of the Licensed Patent Rights shall be brought against the Licensee or raised by way of counterclaim or affirmative defense in an infringement suit brought by the Licensee under Paragraph 11.2, pursuant to this 

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			Agreement and the provisions of 35 U.S.C. Chapter 29 or other statutes, the Licensee may:

		(a)	defend the suit in its own name, at its own expense, and on its own behalf for presumably valid claims in the Licensed Patent Rights;

		(b)	in any suit, ultimately to enjoin infringement and to collect for its use, damages, profits, and awards of whatever nature recoverable for the infringement; and

		(c)	settle any claim or suit for declaratory judgment involving the Licensed Patent Rights; provided, however, that the IC and appropriate Government authorities shall have the first right to take these actions and shall have a continuing right to intervene in the suit; and

		(d)	if the IC does not notify the Licensee of its intent to respond to the legal action within a reasonable time, the Licensee shall be free to do so. The Licensee shall take no action to compel the Government either to initiate or to join in any declaratory judgment action. The Licensee may request the Government to initiate or to join any suit if necessary to avoid dismissal of the suit. Should the Government be made a party to any suit by motion or any other action of the Licensee, the Licensee shall reimburse the Government for any costs, expenses, or fees, which the Government incurs as a result of the motion or other action. If the Licensee elects not to defend against the declaratory judgment action, the IC, at its option, may do so at its own expense. In all cases, the Licensee agrees to keep the IC reasonably apprised of the status and progress of any litigation. Before the Licensee commences an infringement action, the Licensee shall notify the IC and give careful consideration to the views of the IC and to any potential effects of the litigation on the public health in deciding whether to bring suit.

		11.4	In any action under Paragraphs 11.2 or 11.3 the expenses including costs, fees, attorney fees, and disbursements, shall be paid by the Licensee. The value of any recovery made by the Licensee through court judgment or settlement actually collected shall first be applied by Licensee to reimburse it for all of its costs and expenses (including attorneys’ fees, expert witness fees, and any reimbursement payments made to IC or the Government) and the balance shall be treated as Net Sales and subject to earned royalties as provided in Appendix C when and as collected.

		11.5	The IC shall cooperate fully with the Licensee in connection with any action under Paragraphs 11.2 or 11.3. The IC agrees promptly to provide access to all necessary documents and to render reasonable assistance in response to a request by the Licensee.

	12.	NEGATION OF WARRANTIES AND INDEMNIFICATION

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		12.1	The IC offers no warranties other than those specified in Article 1.

		12.2	The IC does not warrant the validity of the Licensed Patent Rights and makes no representations whatsoever with regard to the scope of the Licensed Patent Rights, or that the Licensed Patent Rights may be exploited without infringing other patents or other intellectual property rights of third parties.

		12.3	THE IC MAKES NO WARRANTIES, EXPRESS OR IMPLIED, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF ANY SUBJECT MATTER DEFINED BY THE CLAIMS OF THE LICENSED PATENT RIGHTS OR TANGIBLE MATERIALS RELATED THERETO.

		12.4	The IC does not represent that it shall commence legal actions against third parties infringing the Licensed Patent Rights.

		12.5	The Licensee shall indemnify and hold the IC, its employees, students, fellows, agents, and consultants harmless from and against all liability, demands, damages, expenses, and losses, including but not limited to death, personal injury, illness, or property damage in connection with or arising out of:

		(a)	the use by or on behalf of the Licensee, its sublicensees, directors, employees, or third parties of any Licensed Patent Rights; or

		(b)	the design, manufacture, distribution, or use of any Licensed Products, Licensed Processes or materials by the Licensee, or other products or processes developed in connection with or arising out of the Licensed Patent Rights.

		12.6	The Licensee agrees to maintain a liability insurance program consistent with sound business practice.

	13.	TERM, TERMINATION, AND MODIFICATION OF RIGHTS

		13.1	This Agreement is effective when signed by all parties, unless the provisions of Paragraph 14.16 are not fulfilled, and shall extend to the expiration of the last to expire of the Licensed Patent Rights unless sooner terminated as provided in this Article 13.

		13.2	In the event that the Licensee is in default in the performance of any material obligations under this Agreement, including but not limited to the obligations listed in Paragraph 13.5, and if the default has not been remedied within ninety (90) days after the date of notice in writing of the default, or if not reasonably capable of remedy within such period, Licensee has not taken substantial steps to remedy the alleged default within such ninety (90) day period, the IC may terminate this Agreement by written notice and pursue outstanding royalties owed through procedures provided by the Federal Debt Collection Act.

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		13.3	In the event that the Licensee (a) becomes insolvent or (b) files a petition in bankruptcy, or has such a petition filed against it and, in either case, such petition is not dismissed within sixty (60) days, the Licensee shall immediately notify the IC in writing.

		13.4	The Licensee shall have a unilateral right to terminate this Agreement or any licenses in any country or territory by giving the IC sixty (60) days written notice to that effect. For clarity, in accordance with the foregoing, Licensee shall have a unilateral right to terminate any license in any country or territory on a patent (or patent application)-by-patent (or patent application) and country (or territory)-by-country (or territory) basis. 

		13.5	The IC shall specifically have the right to terminate or modify, at its option, this Agreement, if the IC determines that the Licensee:

		(a)	is not executing the Commercial Development Plan in accordance with Appendix E and the Licensee cannot otherwise demonstrate to the IC’s satisfaction that the Licensee has taken, or can be expected to take within a reasonable time, effective steps to achieve the Practical Application of the Licensed Products or the Licensed Processes; 

		(b)	has not achieved and is not reasonably likely to achieve the Benchmarks as may be modified under Paragraph 9.2;

		(c)	has willfully made a material false statement of, or willfully omitted a material fact in, the license application or in any report required by this Agreement;

		(d)	has committed a material breach of a covenant or agreement contained in this Agreement;

		(e)	is not keeping the Licensed Products or the Licensed Processes within the scope of the Licensed Fields of Use 1 and 2 reasonably accessible to the public after commercial use commences;

		(f)	cannot reasonably satisfy unmet health and safety needs within the scope of the Licensed Fields of Use 1 and 2; 

		(g)	cannot reasonably justify a failure to comply with the domestic production requirement of Paragraph 5.2 unless waived; or

		(h)	has been found by a court of competent jurisdiction to have violated the Federal antitrust laws in connection with its performance under this Agreement without the possibility of appeal.

		13.6	In making the determination referenced in Paragraph 13.5, the IC shall take into account the normal course of such commercial development programs conducted with sound and reasonable business practices and judgment and the annual reports 

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			submitted by the Licensee under Paragraph 9.2. Prior to invoking termination or modification of this Agreement under Paragraph 13.5, the IC shall give written notice to the Licensee providing the Licensee specific notice of, and a ninety (90) day opportunity to respond to, the IC’s concerns as to the items referenced in Paragraphs 13.5(a)-13.5(h). If the Licensee fails to alleviate the IC’s reasonable concerns as to the items referenced in Paragraphs 13.5(a)-13.5(h) or fails to initiate corrective action to the IC’s reasonable satisfaction, the IC may terminate this Agreement.

		13.7	When the public health and safety so require, and after written notice to the Licensee providing the Licensee a sixty (60) day opportunity to respond, the IC shall have the right to require the Licensee to grant sublicenses to responsible applicants, on commercially reasonable terms, in any Licensed Fields of Use 1 and 2 under the Licensed Patent Rights, unless the Licensee can reasonably demonstrate that the granting of the sublicense would not materially increase the availability to the public of the subject matter of the Licensed Patent Rights. The IC shall not require the granting of a sublicense unless the responsible applicant has first negotiated in good faith with the Licensee for a sublicense on commercially reasonable terms and conditions.

		13.8	The IC reserves the right according to 35 U.S.C. §209(d)(3) to terminate or modify this Agreement if it is determined that this action is necessary to meet the requirements for public use specified by federal regulations issued after the date of the license and these requirements are not reasonably satisfied by the Licensee.

		13.9	Within thirty (30) days of receipt of written notice of the IC’s unilateral decision to modify or terminate this Agreement, the Licensee may, consistent with the provisions of 37 C.F.R. §404.11, appeal the decision by written submission to the designated IC official. The decision of the designated IC official shall be the final agency decision. The Licensee may thereafter exercise any and all administrative or judicial remedies that may be available.

		13.10	Within ninety (90) days of expiration or termination of this Agreement under this Article 13, a final report shall be submitted by the Licensee. Any royalty payments, including those incurred but not yet paid (such as the full minimum annual royalty), and those related to patent expenses, due to the IC shall become immediately due and payable upon termination or expiration. If terminated under this Article 13, sublicensees may elect to convert their sublicenses to direct licenses with the IC pursuant to Paragraph 4.3. Unless otherwise specifically provided for under this Agreement, upon termination or expiration of this Agreement, the Licensee shall return all Licensed Products or other materials included within the Licensed Patent Rights to the IC or provide the IC with certification of the destruction thereof. The Licensee may not be granted additional IC licenses if the final reporting requirement is not fulfilled.

	14.	GENERAL PROVISIONS

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		14.1	Neither party may waive or release any of its rights or interests in this Agreement except in writing. The failure of either party to assert a right hereunder or to insist upon compliance with any term or condition of this Agreement shall not constitute a waiver of that right by that party or excuse a similar subsequent failure to perform any of these terms or conditions by the that party.

		14.2	This Agreement constitutes the entire agreement between the parties relating to the subject matter of the Licensed Patent Rights, the Licensed Products and the Licensed Processes, and all prior negotiations, representations, agreements, and understandings are merged into, extinguished by, and completely expressed by this Agreement.

		14.3	The provisions of this Agreement are severable, and in the event that any provision of this Agreement shall be determined to be invalid or unenforceable under any controlling body of law, this determination shall not in any way affect the validity or enforceability of the remaining provisions of this Agreement.

		14.4	If either party desires a modification to this Agreement, the parties shall, upon reasonable notice of the proposed modification by the party desiring the change, confer in good faith to determine the desirability of the modification. No modification shall be effective until a written amendment is signed by the signatories to this Agreement or their designees.

		14.5	The construction, validity, performance, and effect of this Agreement shall be governed by Federal law as applied by the Federal courts in the District of Columbia.

		14.6	All Agreement notices required or permitted by this Agreement shall be given by prepaid, first class, registered or certified mail or by an express/overnight delivery service provided by a commercial carrier, properly addressed to the other party at the address designated on the following Signature Page, or to another address as may be designated in writing by the other party. Agreement notices shall be considered timely if the notices are received on or before the established deadline date or sent on or before the deadline date as verifiable by U.S. Postal Service postmark or dated receipt from a commercial carrier. Parties should request a legibly dated U.S. Postal Service postmark or obtain a dated receipt from a commercial carrier or the U.S. Postal Service. Private metered postmarks shall not be acceptable as proof of timely mailing.

		14.7	This Agreement shall not be assigned or otherwise transferred (including any transfer by legal process or by operation of law, and any transfer in bankruptcy or insolvency, or in any other compulsory procedure or order of court) except to the Licensee’s Affiliate(s) without the prior written consent of the IC. The parties agree that the identity of the parties is material to the formation of this Agreement and that the obligations under this Agreement are nondelegable. In the event that the IC approves a proposed assignment, the Licensee shall pay the IC, as an additional royalty, [***] percent ([***]%) of the fair market value of 

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			any consideration received for any assignment of this Agreement within sixty (60) days of the assignment.

		14.8	The Licensee agrees in its use of any IC-supplied biological materials that are supplied under this Agreement to comply with all applicable statutes, regulations, and guidelines, including IC and HHS regulations and guidelines. The Licensee agrees not to use such biological materials for research involving human subjects or clinical trials in the United States without complying with 21 C.F.R. Part 50 and 45 C.F.R. Part 46. The Licensee agrees not to use such biological materials for research involving human subjects or clinical trials outside of the United States without notifying the IC, in writing, of the research or trials and complying with the applicable regulations of the appropriate national control authorities. Written notification to the IC of research involving such biological materials in human subjects or clinical trials outside of the United States shall be given no later than sixty (60) days prior to commencement of the research or trials.

		14.9	The Licensee acknowledges that it is subject to and agrees to abide by the United States laws and regulations (including the Export Administration Act of 1979 and Arms Export Control Act) controlling the export of technical data, computer software, laboratory prototypes, biological material, and other commodities. The transfer of these items may require a license from the appropriate agency of the Government or written assurances by the Licensee that it shall not export these items to certain foreign countries without prior approval of this agency. The IC neither represents that a license is or is not required or that, if required, it shall be issued.

		14.10	The Licensee agrees to mark the Licensed Products or their packaging sold in the United States with all applicable U.S. patent numbers and similarly to indicate “Patent Pending” status. All the Licensed Products manufactured in, shipped to, or sold in other countries shall be marked in a manner to preserve the IC’s patent rights in those countries.

		14.11	By entering into this Agreement, the IC does not directly or indirectly endorse any product or service provided, or to be provided, by the Licensee whether directly or indirectly related to this Agreement. The Licensee shall not state or imply that this Agreement is an endorsement by the Government, the IC, any other Government organizational unit, or any Government employee. Additionally, the Licensee shall not use the names of the IC, the FDA or the HHS or the Government or their employees in any advertising, promotional, or sales literature without the prior written approval of the IC.

		14.12	The parties agree to attempt to settle amicably any controversy or claim arising under this Agreement or a breach of this Agreement, except for appeals of modifications or termination decisions provided for in Article 13. The Licensee agrees first to appeal any unsettled claims or controversies to the designated IC official, or designee, whose decision shall be considered the final agency decision. 

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			Thereafter, the Licensee may exercise any administrative or judicial remedies that may be available.

		14.13	Nothing relating to the grant of a license, nor the grant itself, shall be construed to confer upon any person any immunity from or defenses under the antitrust laws or from a charge of patent misuse, and the acquisition and use of rights pursuant to 37 C.F.R. Part 404 shall not be immunized from the operation of state or Federal law by reason of the source of the grant.

		14.14	Any formal recordation of this Agreement required by the laws of any Licensed Territory as a prerequisite to enforceability of the Agreement in the courts of any foreign jurisdiction or for other reasons shall be carried out by the Licensee at its expense, and appropriately verified proof of recordation shall be promptly furnished to the IC.

		14.15	Paragraphs 4.3, 8.1, 9.5-9.8, 9.9, 12.1-12.5, 13.9, 13.10, 14.12 and 14.15 of this Agreement shall survive termination of this Agreement.

		14.16	The terms and conditions of this Agreement shall, at the IC’s sole option, be considered by the IC to be withdrawn from the Licensee’s consideration and the terms and conditions of this Agreement, and the Agreement itself to be null and void, unless this Agreement is executed by the Licensee and a fully executed original is received by the IC within sixty (60) days from the date of the IC’s signature found at the Signature Page.

SIGNATURES BEGIN ON NEXT PAGE
NIH PATENT LICENSE AGREEMENT – EXCLUSIVE
SIGNATURE PAGE
For the IC:
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Richard U. RodriguezDate
Associate Director, Technology Transfer Center
National Cancer Institute
National Institutes of Health
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Mailing Address or E-mail Address for Agreement notices and reports:
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License Compliance and Administration
Monitoring & Enforcement
Office of Technology Transfer
National Institutes of Health
6011 Executive Boulevard, Suite 325

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Rockville, Maryland 20852-3804 U.S.A.

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E-mail: LicenseNotices_Reports@mail.nih.gov

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For the Licensee (Upon, information and belief, the undersigned expressly certifies or affirms that the contents of any statements of the Licensee made or referred to in this document are truthful and accurate.):
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by:
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Signature of Authorized OfficialDate
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Printed Name
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Title
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I.Official and Mailing Address for Agreement notices: 
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Frederick G. Vogt, Ph.D., Esq.
General Counsel
999 Skyway Road, Suite 150
San Carlos, CA 94070 
Email: fred.vogt@iovance.com
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With an electronic copy to: legal@iovance.com
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	II.
	Official and Mailing Address for Financial notices (the Licensee’s contact person for royalty payments): 

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Frederick G. Vogt, Ph.D., Esq.
General Counsel
999 Skyway Road, Suite 150
San Carlos, CA 94070 
Email: fred.vogt@iovance.com
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With an electronic copy to: legal@iovance.com
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Any false or misleading statements made, presented, or submitted to the Government, including any relevant omissions, under this Agreement and during the course of negotiation of this 

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Agreement are subject to all applicable civil and criminal statutes including Federal statutes 31 U.S.C. §§3801-3812 (civil liability) and 18 U.S.C. §1001 (criminal liability including fine(s) or imprisonment).
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APPENDIX A ‒ LIST OF PATENT(S) OR PATENT APPLICATION(S)
Patent(s) or Patent Application(s)
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Group A
		1.	United States Provisional Patent Application No. 61/846,161 filed July 15, 2013 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-US-01];

		2.	International Patent Application No. PCT/US2014/046478 filed July 14, 2014 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-PCT-02];

		3.	Australian Patent Application No. 2014290286 filed July 14, 2014 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-AU-03];

		4.	Canadian Patent Application No. 2918080 filed July 14, 2014 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-CA-04];

		5.	Chinese Patent No. 105452448 issued July 28, 2020 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-CN-05];

		6.	European Patent No. 3022294 issued November 20, 2019 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-EP-06];

		a.	Validated in DE, ES, FR, GB, IT and NL

		7.	Japanese Patent No. 6616295 issued December 4, 2019 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-JP-07];

		8.	Russian Patent No. 2713333 issued February 4, 2020 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-RU-08];

		9.	United States Patent Application No. 14/905,138 filed January 14, 2016 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-US-09];

		10.	European Patent Application No. 19209253 filed November 14, 2019 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-EP-10];

		11.	United States Patent Application No. 16/218,658 filed December 13, 2018 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-US-11];

		12.	Russian Patent Application No. 2019105050 filed February 22, 2019 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-RU-12];

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		13.	Japanese Patent Application No. 2019-202239 filed November 7, 2019 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-JP-13];

		14.	Chinese Patent Application No. 202010606868.1 filed June 29, 2020 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-CN-20];

		15.	Hong Kong Patent Application No. 42020015851.7 filed September 10, 2020 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-HK-21];

		16.	Australian Patent Application No. 2020233702 filed September 16, 2020 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-AU-22];

		17.	Macau Patent Application No. J/004455(388) filed October 27, 2020 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-MO-23];

		18.	United States Patent Application No. 17/113,570 filed December 7, 2020 entitled “Methods of Preparing Anti-human Papillomavirus Antigen T Cells” [HHS Reference No. E-494-2013-0-US-24];

		19.	United States Provisional Patent Application No. 62/628,454 filed February 9, 2018 entitled “Tethered Interleukin-15 and Interleukin-21” [HHS Reference No. E-068-2018-0-US-01];

		20.	International Patent Application No. PCT/US2019/016975 filed February 7, 2019 entitled “Tethered Interleukin-15 and Interleukin-21” [HHS Reference No. E-068-2018-0-PCT-02];

		21.	Australian Patent Application No. 2019218785 filed August 7, 2020 entitled “Tethered Interleukin-15 and Interleukin-21” [HHS Reference No. E-068-2018-0-AU-03];

		22.	Chinese Patent Application No. 201980012443.3 filed August 7, 2020 entitled “Tethered Interleukin-15 and Interleukin-21” [HHS Reference No. E-068-2018-0-CN-04];

		23.	European Patent Application No. 19709154.9 filed August 8, 2020 entitled “Tethered Interleukin-15 and Interleukin-21” [HHS Reference No. E-068-2018-0-EP-05];

		24.	United States Patent Application No. 16/964,796 filed July 24, 2020 entitled “Tethered Interleukin-15 and Interleukin-21” [HHS Reference No. E-068-2018-0-US-06]; and

		25.	Canadian Patent Application No. 3,090,512 filed August 5, 2020 entitled “Tethered Interleukin-15 and Interleukin-21” [HHS Reference No. E-068-2018-0-CA-07].

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Group B
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		1.	United States Provisional Patent Application No. 60/408,681 filed September 6, 2002 entitled “Immunotherapy with In Vitro-Selected Antigen-Specific Lymphocytes after 

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			Nonmyeloablative Lymphodepleting Chemotherapy” [HHS Reference No. E-275-2002-0-US-01];

		2.	International Patent Application No. PCT/US2003/027873 filed September 5, 2003 entitled “Immunotherapy with In Vitro-Selected Antigen-Specific Lymphocytes after Nonmyeloablative Lymphodepleting Chemotherapy” [HHS Reference No. E-275-2002-1-PCT-01];

		3.	United States Patent No. 8,034,334 issued October 11, 2011 entitled “Immunotherapy with In Vitro-Selected Antigen-Specific Lymphocytes after Nonmyeloablative Lymphodepleting Chemotherapy” [HHS Reference No. E-275-2002-1-US-02];

		4.	European Patent No. 1545204 issued August 10, 2016 entitled “Immunotherapy with In Vitro-Selected Antigen-Specific Lymphocytes after Nonmyeloablative Lymphodepleting Chemotherapy” [HHS Reference No. E-275-2002-1-EP-03];

		a.	Validated in CH, DE, DK, ES, FR, GB, IT, NL and SE.

		5.	Canadian Patent No. 2497552 issued May 27, 2014 entitled “Immunotherapy with In Vitro-Selected Antigen-Specific Lymphocytes after Nonmyeloablative Lymphodepleting Chemotherapy” [HHS Reference No. E-275-2002-1-CA-04];

		6.	Australian Patent No. 2003265948 issued May 21, 2009 entitled “Immunotherapy with In Vitro-Selected Antigen-Specific Lymphocytes after Nonmyeloablative Lymphodepleting Chemotherapy” [HHS Reference No. E-275-2002-1-AU-05];

		7.	United States Patent No. 8,287,857 issued October 16, 2012 entitled “Immunotherapy with In Vitro-Selected Antigen-Specific Lymphocytes after Nonmyeloablative Lymphodepleting Chemotherapy” [HHS Reference No. E-275-2002-1-US-06];

		8.	United States Provisional Patent Application No. 61/237,889 filed August 28, 2009 entitled “Adoptive Cell Therapy with Young T Cells” [HHS Reference No. E-273-2009-0-US-01];

		9.	United States Patent No. 8,383,099 issued February 26, 2013 entitled “Adoptive Cell Therapy with Young T Cells” [HHS Reference No. E-273-2009-0-US-02];

		10.	United States Patent No. 9,074,185 issued July 7, 2015 entitled “Adoptive Cell Therapy with Young T Cells” [HHS Reference No. E-273-2009-0-US-03];

		11.	United States Provisional Patent Application No. 61/466,200 filed March 22, 2011 entitled “Methods of Growing Tumor Infiltrating Lymphocytes (TIL) in Gas-Permeable Containers” [HHS Reference No. E-114-2011-0-US-01];

		12.	International Patent Application No. PCT/US2012/029744 filed March 20, 2012 entitled “Methods of Growing Tumor Infiltrating Lymphocytes (TIL) in Gas-Permeable Containers” [HHS Reference No. E-114-2011-0-PCT-02];

		13.	United States Patent Application No. 13/424,646 filed March 20, 2012 entitled “Methods of Growing Tumor Infiltrating Lymphocytes (TIL) in Gas-Permeable Containers” [HHS Reference No. E-114-2011-0-US-03];

		14.	United States Patent Application No. 15/375,289 filed December 12, 2016 entitled “Methods of Growing Tumor Infiltrating Lymphocytes (TIL) in Gas-Permeable Containers” [HHS Reference No. E-114-2011-0-US-04]; and

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		15.	United States Patent Application No. 16/211,859 filed December 6, 2018 entitled “Methods of Growing Tumor Infiltrating Lymphocytes (TIL) in Gas-Permeable Containers” [HHS Reference No. E-114-2011-0-US-05]. 

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APPENDIX B ‒ FIELDS OF USE AND TERRITORY
I.Licensed Fields of Use 1 and 2:
The Licensed Field of Use 1 means the use of the Licensed Patent Rights to develop, manufacture, distribute, sell, and use autologous tumor infiltrating lymphocyte (“TIL”) adoptive cell therapy products for the treatment of metastatic melanoma, lung, breast, bladder, and HPV-positive cancers.
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The Licensed Field of Use 2 means the use of the Licensed Patent Rights to develop, manufacture, distribute, sell, and use autologous TIL adoptive cell therapy products for the treatment of all cancers other than those specified in the Licensed Field of Use 1. 
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Statement applying to both Licensed Field of Use 1 and Licensed Field of Use 2: TIL are a subset of T lymphocytes (T cells) that migrate and are located within a tumor site. TIL isolated from these tumor sites exhibit natural anti-tumor activity without genetic modifications. For the avoidance of doubt, cell therapy products involving TIL genetically modified for reactivity against cancer-specific mutations or TIL selected for reactivity against cancer-specific mutations are excluded from the Licensed Fields of Use 1 and 2, unless such cell therapy products are a combination of unselected, unmodified TIL therapy with the Licensee’s proprietary technologies or the Licensee’s in-licensed technologies. Subject to the foregoing, specifically excluded from this Agreement are the use of T cell receptors isolated from TIL.
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II.Licensed Territory: Worldwide.
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APPENDIX C ‒ ROYALTIES
Royalties:
	I.
	Within sixty (60) days of execution of this Agreement, the Licensee shall pay the IC an amendment issue royalty in the amount of [***].

	II.
	The Parties acknowledge and agree that prior to the execution of this Agreement, the Licensee paid the IC (a) an execution royalty in the sum of [***] pursuant to the terms of the Original Agreement, and (b) an amendment issue royalty in the sum of [***] in two installment payments, each in the amount of [***] pursuant to the terms of the First Amendment.

	III.
	The Licensee agrees to pay to the IC a nonrefundable minimum annual royalty in the amount of [***] as follows:

		(a)
	The Parties acknowledge and agree that following the execution of the Original Agreement, and prior to the execution of this Agreement, Licensee paid the IC the required minimum annual royalties. 

		(b)
	Subsequent minimum annual royalty payments are due and payable on January 1 of each calendar year and may be credited against any earned royalties due for sales made in that year.

		(c)
	In the case of each of (a) and (b) above, such payments shall be due so long as Licensee has not terminated this Agreement pursuant to Paragraph 13.4.

	IV.
	For Net Sales received by or on behalf of Licensee or its sublicensees for sales of Licensed Products or practice of Licensed Processes that are in the Licensed Field of Use 1 and covered by a claim of a granted patent or a claim of a patent application pending less than ten (10) years from its earliest claimed priority date in the Licensed Patent Rights Group A of Appendix A, Licensee shall pay the IC an earned royalty of [***]. Licensee shall be entitled to a credit of [***] against such earned royalty rate for each percentage point in excess of [***] that Licensee must pay to an unaffiliated licensor(s) for the manufacture and sale of Licensed Product(s) and Licensed Process(es).  Said credit however, shall not reduce the earned royalty rate due to IC for Licensed Product(s) and Licensed Process(es) below [***].

For Net Sales received by or on behalf of Licensee or its sublicensees for sales of Licensed Products or practice of Licensed Processes covered by a claim of a granted patent in the Licensed Patent Rights Group B of Appendix A, Licensee shall pay the IC an earned royalty of [***].
Licensee agrees to pay the IC earned royalties of [***] on Net Sales of Licensed Products and/or Licensed Processes by or on behalf of Licensee or its sublicensees in any jurisdiction where Licensed Patent Rights exist and in which Licensed Products and/or Licensed Processes (a) are covered only by a claim or claims of a patent application in the Licensed Patent Rights pending at least ten (10) years from its earliest 

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claimed priority date, or (b) are not covered by a claim of a granted patent in the Licensed Patent Rights in the case where patent prosecution is closed in the jurisdiction. With respect to part (a) of the foregoing sentence, if such claim(s) later issue in a granted patent of the Licensed Patent Rights that covers a Licensed Product and/or Licensed Process, Licensee shall pay the IC the balance of earned royalties which otherwise would have been due had the claim(s) issued on or before the ten (10) year anniversary of the earliest claimed priority date.
For Net Sales received by or on behalf of Licensee or its sublicensees for sales of Licensed Products or practice of Licensed Processes covered by Licensed Patent Rights in both Group A and Group B of Appendix A, Licensee shall pay the IC an earned royalty of no more than [***]. 
	V.
	The Licensee agrees to pay the IC Benchmark royalties within sixty (60) days of achieving each Benchmark listed below by Licensee or its sublicensees for each Licensed Product or Licensed Process: 

		(a)
	For successful completion of the first Licensee-sponsored Phase 2 Clinical Study in each indication of Licensed Field of Use 1.

		i.
	Melanoma: [***]

		ii.
	Breast cancer: [***]

		iii.
	Lung cancer: [***]

		iv.
	HPV-positive cancer: [***]

		v.
	Bladder cancer: [***]

		(b)
	For successful completion of the first Licensee-sponsored Phase 3 Clinical Study for each indication in Licensed Field of Use 1.

		i.
	Melanoma: [***]

		ii.
	Breast Cancer: [***]

		iii.
	Lung cancer: [***]

		iv.
	HPV-positive cancer: [***]

		v.
	Bladder Cancer: [***]

		(c)
	Upon the first FDA approval or foreign equivalent for a Licensed Product or Licensed Process for each indication in the Licensed Field of Use 1.

		i.
	Melanoma: [***]

		ii.
	Breast cancer: [***]

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		iii.
	Lung cancer: [***]

		iv.
	HPV-positive cancer: [***]

		v.
	Bladder cancer: [***]

		(d)
	For the First Commercial Sale of a Licensed Product or Licensed Process in the United States for each indication in the Licensed Field of Use 1.

		i.
	Melanoma: [***]

		ii.
	Breast cancer: [***]

		iii.
	Lung cancer: [***]

		iv.
	HPV-positive cancer: [***]

		v.
	Bladder cancer: [***]

		(e)
	For the First Commercial Sale of a Licensed Product or Licensed Process in any foreign country for each indication in the Licensed Field of Use 1.

		i.
	Melanoma: [***]

		ii.
	Breast cancer: [***]

		iii.
	Lung cancer: [***]

		iv.
	HPV-positive cancer: [***]

		v.
	Bladder cancer: [***]

		(f)
	Upon the first time the aggregate Net Sales of all Licensed Products or Licensed Processes achieve the following thresholds, the Licensee pays the following one-time Benchmark royalties:

		(1)
	[***] when the aggregate Net Sales of all Licensed Products or Licensed Processes reaches [***].

		(2)
	[***] when the aggregate Net Sales of all Licensed Products or Licensed Processes reaches [***].

For purposes of this Agreement, “successful completion of a Licensee-sponsored Phase 2 Clinical Study” shall mean, with respect to a specified construct, formulation and dose of a specified Licensed Product in a specified cancer indication, the statistical demonstration in a pivotal Phase 2 Clinical Study of safety and efficacy, sufficient to support a Phase 3 clinical trial submission by the Licensee for such specified construct, formulation and dose of such specified Licensed Product for the treatment of such specified cancer indication.

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For purposes of this Agreement, “successful completion of a Licensee-sponsored Phase 3 Clinical Study” shall mean, with respect to a specified construct, formulation and dose of a specified Licensed Product in a specified cancer indication, the statistical demonstration in a pivotal Phase 3 Clinical Study of safety and efficacy, sufficient to support a BLA submission by the Licensee for such specified construct, formulation and dose of such specified Licensed Product for the treatment of such specified cancer indication.
For clarity, under Appendix C- Paragraph V(a-e) only one (1) Benchmark royalty payment shall be payable upon achievement of the specified event for each indication. For example, only one (1) Benchmark royalty payment shall be due upon achievement of each specified milestone for a first Licensed Product or Licensed Process treating an HPV-positive cancer indication. Therefore, further Licensed Products or Licensed Processes treating additional HPV-positive cancer indications will not each require separate benchmark royalty payments.
VI.The Licensee agrees to pay the IC:
		(a)
	additional sublicensing royalties of [***] on the fair market value of any consideration received for granting each sublicense under Licensed Patent Rights for a Licensed Product or Licensed Process (excluding any consideration received for granting a license or sublicense under any intellectual property which is not the Licensed Patent Rights) within sixty (60) days of the execution of each sublicense if any such sublicense is executed prior to the achievement of the Benchmark in Appendix D for FDA approval or foreign equivalent for a Licensed Product or Licensed Process within each indication in Licensed Field of Use 1 from Appendix B; and

		(b)
	additional sublicensing royalties of [***] on the fair market value of any consideration received for granting each sublicense under Licensed Patent Rights for a Licensed Product or Licensed Process (excluding any consideration received for granting a license or sublicense under any intellectual property which is not the Licensed Patent Rights) within sixty (60) days of the execution of each sublicense if any such sublicense is executed following the achievement of the Benchmark in Appendix D for FDA approval or foreign equivalent for a Licensed Product or Licensed Process within each indication in Licensed Field of Use 1 from Appendix B.

		(c)
	Notwithstanding anything in this Agreement to the contrary, any such consideration will not include the following:

		(1)
	Bona fide support for research and development activities corresponding directly to the development of Licensed Product(s) and/or Licensed Process(es), which do not exceed Licensee’s fully-burdened cost for undertaking such research and development, and limited to support which is received after the effective date of this Agreement specifically excluding any support which is used by Licensee to offset research and 

​
‌​

development expenses which are incurred prior to the effective date of this Agreement;
		(2)
	Proceeds derived from debt financing received after the effective date of this Agreement, to the extent that such financing is at market rates; or

		(3)
	As earned royalties on Net Sales or sales by sublicensee(s).

​

​
‌​

APPENDIX D - BENCHMARKS AND PERFORMANCE
The Licensee agrees to the following Benchmarks for its performance under this Agreement and, within thirty (30) days of achieving a Benchmark, shall notify the IC that the Benchmark has been achieved.
	​
	Benchmark
	Deadline

	I.
	[***]
	[***]

	II.
	[***]
	[***]

	III.
​
​
	[***]
	[***]

	IV.
	[***]
	[***]

	V.
	[***]
	[***]

	VI.
	[***]
	[***]

	VII.
	[***]
	[***]

	VIII.
	[***]
	[***]

	IX.
	[***]
	[***]

	X.
	[***]
	[***]

	XI.
	[***]
	[***]

	XII.
	[***]
	[***]

	XIII.
	[***]
	[***]

​
​

​
‌​

APPENDIX E ‒ COMMERCIAL DEVELOPMENT PLAN
[***]

​
‌​

​
APPENDIX F ‒ EXAMPLE ROYALTY REPORT
Required royalty report information includes:
•OTT license reference number (L-XXX-200X/0)
•Reporting period
•Catalog number and units sold of each Licensed Product (domestic and foreign)
•Gross Sales per catalog number per country
•Total Gross Sales
•Itemized deductions from Gross Sales
•Total Net Sales
•Earned Royalty Rate and associated calculations
•Gross Earned Royalty
•Adjustments for Minimum Annual Royalty (MAR) and other creditable payments made
•Net Earned Royalty due
Example
	Catalog Number
	Product Name
	Country
	Units Sold
	Gross Sales (US$)

	1
	A
	US
	[***]
	[***]

	1
	A
	UK
	[***]
	[***]

	1
	A
	France
	[***]
	[***]

	2
	B
	US
	[***]
	[***]

	3
	C
	US
	[***]
	[***]

	4
	D
	US
	[***]
	[***]

Total Gross Sales ‌[***]
Less Deductions:
Freight ‌[***]
Returns‌[***]
Total Net Sales‌[***]
​
Royalty Rate‌[***]
Royalty Due‌[***]
Less Creditable Payments‌[***]
Net Royalty Due‌[***]
​
​

​
‌​

APPENDIX G ‒ ROYALTY PAYMENT OPTIONS
​
The License Number MUST appear on payments, reports and correspondence.
​
Credit and Debit Card Payments:  Credit and debit card payments can be submitted for amounts up to $24,999.  Submit your payment through the U.S. Treasury web site located at:  https://www.pay.gov/public/form/start/28680443.
​
Automated Clearing House (ACH) for payments through U.S. banks only
​
The IC encourages its licensees to submit electronic funds transfer payments through the Automated Clearing House (ACH). Submit your ACH payment through the U.S. Treasury web site located at: https://www.pay.gov/public/form/start/28680443. Please note that the IC "only" accepts ACH payments through this U.S. Treasury web site.
​
Electronic Funds Wire Transfers:  The following account information is provided for wire payments.  In order to process payment via Electronic Funds Wire Transfer sender MUST supply the following information within the transmission:
​
Drawn on a U.S. bank account via FEDWIRE: 
​
Please provide the following instructions to your Financial Institution for the remittance of Fedwire payments to the NIH ROYALTY FUND.
​
	Fedwire Field Tag
	Fedwire Field Name
	Required Information

	​

	{1510}
	Type/Subtype
	1000

	{2000}
	Amount
	(enter payment amount)

	{3400}
	Receiver ABA routing number*
	[***]

	{3400}
	Receiver ABA short name
	TREAS NYC

	{3600}
	Business Function Code
	CTR (or CTP)

	{4200}
	Beneficiary Identifier (account number)
	(enter 12 digit gateway account #)
[***]

	{4200}
	Beneficiary Name
	(enter agency name associated with the Beneficiary Identifier)
DHHS / NIH (75080031)

	{5000}
	Originator
	(enter the name of the originator of the payment)
COMPANY NAME

	{6000}
	Originator to Beneficiary Information – Line 1
	(enter information to identify the purpose of the payment)
ROYALTY

	{6000}
	Originator to Beneficiary Information – Line 2
	(enter information to identify the purpose of the payment)

​
‌​

	Fedwire Field Tag
	Fedwire Field Name
	Required Information

			LICENSE NUMBER

	{6000}
	Originator to Beneficiary Information – Line 3
	(enter information to identify the purpose of the payment)
INVOICE NUMBER

	{6000}
	Originator to Beneficiary Information – Line 4
	(enter information to identify the purpose of the payment)

	Notes: 
*The financial institution address for Treasury’s routing number is 33 Liberty Street, New York, NY 10045.

​
Agency Contacts:   Office of Technology Transfer (OTT)    (301) 496-7057    OTT-Royalties@mail.nih.gov
​
Drawn on a foreign bank account via FEDWIRE: 
​
The following instructions pertain to the Fedwire Network. Deposits made in US Dollars (USD).
​
Should your remitter utilize a correspondent US domestic bank in transferring electronic funds, the following Fedwire instructions are applicable.
​
	Fedwire Field Tag
	Fedwire Field Name
	Required Information

	​

	{1510}
	Type/Subtype
	1000

	{2000}
	Amount
	(enter payment amount)

	{3100}
	Sender Bank ABA routing number
	(enter the US correspondent bank’s ABA routing number)

	{3400}
	Receiver ABA routing number*
	[***]

	{3400}
	Receiver ABA short name
	TREAS NYC

	{3600}
	Business Function Code
	CTR (or CTP)

	{4200}
	Beneficiary Identifier (account number)**
	(enter 12 digit gateway account #)
[***]

	{4200}
	Beneficiary Name
	(enter agency name associated with the Beneficiary Identifier)
DHHS / NIH (75080031)

	{5000}
	Originator
	(enter the name of the originator of the payment)
COMPANY’S NAME

	{6000}
	Originator to Beneficiary Information – Line 1
	(enter information to identify the purpose of the payment)
ROYALTY

	{6000}
	Originator to Beneficiary Information – Line 2
	(enter information to identify the purpose of the payment)
LICENSE NUMBER

​
‌​

	Fedwire Field Tag
	Fedwire Field Name
	Required Information

	{6000}
	Originator to Beneficiary Information – Line 3
	(enter information to identify the purpose of the payment)
INVOICE NUMBER

	{6000}
	Originator to Beneficiary Information – Line 4
	(enter information to identify the purpose of the payment)

	Notes: 
  *The financial institution address for Treasury’s routing number is 33 Liberty Street, New York, NY 10045.
**Anything other than the 12 digit gateway account # will cause the Fedwire to be returned – SWIFT CODE: [***]

​
​

​
‌​

Agency Contacts:
​
Office of Technology Transfer (OTT)    (301) 496-7057OTT-Royalties@mail.nih.gov
​
Checks
​
All checks should be made payable to “NIH Patent Licensing”
​
Checks drawn on a U.S. bank account and sent by US Postal Service should be sent directly to the following address:
​
National Institutes of Health
P.O. Box 979071
St. Louis, MO 63197-9000
​
Checks drawn on a U.S. bank account and sent by overnight or courier should be sent to the following address:
​
US Bank 
Government Lockbox SL-MO-C2GL 
1005 Convention Plaza 
St. Louis, MO 63101
Phone: 314-418-4087
​
Checks drawn on a foreign bank account should be sent directly to the following address: 
​
National Institutes of Health
Office of Technology Transfer
License Compliance and Administration
Royalty Administration
6011 Executive Boulevard
Suite 325, MSC 7660
Rockville, Maryland 20852

​
‌​

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