Document:

exh10_6.htm

    ePlus
      inc.

    Restricted
      Stock
      Unit Award Agreement

    

    Name
      of Participant:

    Grant
      Number:

    Number
      of Restricted Units:

    Form
      of Payment of the Award:

    Grant
      Date:

    

    
      	
              1.  

            	
              Restricted
                Stock Unit
                Award – Terms and Conditions.  This Agreement confirms
                the grant under and subject to the provisions of the ePlus inc.
[2008
                Employee /
                Director] Incentive Plan (the “Plan”)
                and upon the
                terms and conditions set forth herein (“Terms and Conditions”)
                to the above-named participant of the number of Restricted Stock
                Units set
                forth above (such units, as may be adjusted in accordance with Section
                4
                of these Terms and Conditions, the “Restricted Units”).
                This Agreement does not constitute ownership of any shares of Common
                Stock
                of ePlus inc.
                (the “Company”)
                or confer any rights associated with the ownership of shares, except
                as
                expressly set forth herein. This grant is subject in all respects
                to the
                applicable terms of the Plan. At all times, each Restricted Unit
                shall be
                equal in value to one share of common stock, $0.01 par value per
                share
                (the “Common
                Stock”), of the Company (a “Share”).
                A copy of the
                Plan (or related Prospectus delivered to you with this Agreement)
                may be
                obtained at no cost by contacting the [HR Department]
                at________________.

            

    

     

    
      	
              2.  

            	
              Restriction
                Period.  For purposes of this Agreement, the Restriction
                Period is the period beginning on the grant date and ending on [INSERT
                VESTING DATE(S)] (the “Restriction
                Period”).

            

    

     

    
      	
              3.  

            	
              Payout
                of
                Award. Provided the award has not previously been forfeited, within
                two and one-half months after the expiration of the Restriction Period
                and
                upon the satisfaction of the applicable tax withholding obligations,
                (i) if the award is to be paid in Shares, the Company shall issue to
                the participant the number of Shares underlying the Restricted Units
                as of
                the date of the expiration of the Restriction Period; or (ii) if the
                award is to be paid in cash, the Company shall pay to the participant
                a
                single lump sum cash payment equal to the Fair Market Value (as defined
                in
                the Plan) of the number of Shares underlying the Restricted Units
                as of
                the date of the expiration of the Restriction Period. If the award
                is to
                be paid in Shares, upon payout the Company shall at its option, cause
                such
                Shares as to which the participant is entitled pursuant hereto:
                (i) to be released without restriction on transfer by delivery to the
                custody of the participant of a stock certificate in the name of
                the
                participant or his or her designee, or (ii) to be credited without
                restriction on transfer to a book-entry account for the benefit of
                the
                participant or his or her designee maintained by the Company’s stock
                transfer agent or its designee.

            

    

     

    
      	
              4.  

            	
              Rights
                During
                Restriction Period. During the Restriction Period, the participant
                shall not have any rights as a shareholder with respect to the Shares
                underlying the Restricted Units. During the Restriction Period, if
                any
                dividends or other distributions are paid in cash to holders of Common
                Stock, the participant shall be entitled to receive dividend equivalents,
                in cash, paid with respect to the number of Shares underlying the
                Restricted Units. Such dividend equivalents will be paid to the
                participant as soon as is practicable following payment of the dividend
                or
                other distribution to holders of Common Stock, but no later than
                the end
                of the calendar year in which the corresponding actual cash dividends
                or
                other distributions are paid to holders of Common Stock. If any such
                dividend or other distribution is paid in securities of the Company
                (including Shares), such dividend equivalents in respect of such
                securities relating to the Restricted Units shall be subject to the
                same
                restrictions and conditions as the Restricted Units in respect of
                which
                such dividend or distribution in the form of securities was made
                and shall
                be paid to the participant in the manner and at the time the Restricted
                Units are paid in accordance with Section 3. If the number of outstanding
                shares of Common Stock is changed as a result of a stock dividend,
                stock
                split or the like, without additional consideration to the Company,
                the
                Restricted Units subject to this Award shall be adjusted to correspond
                to
                the change in the Company’s outstanding shares of Common Stock. If the
                award to be paid in Shares, upon the expiration of the Restriction
                Period
                and payout of the award pursuant to Section 3, the participant may
                exercise voting rights and shall be entitled to receive dividends
                and
                other distributions with respect to the number of Shares to which
                the
                participant is entitled pursuant
                hereto.

            

    

    

    
      	
              5.  

            	
              Prohibition
                Against
                Transfer.  Until the expiration of the Restriction
                Period, the award, the Restricted Units subject to the award, any
                interest
                in the Shares (in the case of a payment to be made in Shares) or
                cash to
                be paid, as applicable, related thereto, and the rights granted under
                the
                Terms and Conditions and this Agreement are not transferable except
                to
                family members or trusts by will or by the laws of descent and
                distribution, provided that the award, the Restricted Units subject
                to the
                award, and any interest in the Shares or cash to be paid, as applicable,
                related thereto may not be so transferred to family members or trusts
                except as permitted by applicable law or regulations.  Without
                limiting the generality of the foregoing, except as aforesaid, until
                the
                expiration of the Restriction Period, the award, the Restricted Units
                subject to the award and any interest in the Shares (in the case
                of a
                payment to be made in Shares) or cash to be paid, as applicable,
                related
                thereto, may not be sold, exchanged, assigned, transferred, pledged,
                hypothecated, encumbered or otherwise disposed of, shall not be assignable
                by operation of law, and shall not be subject to execution, attachment,
                charge, alienation or similar process. Any attempt to effect any
                of the
                foregoing shall be null and void and without
                effect.

            

    

    

    
      	
              6.  

            	
              Forfeiture;
                Termination of Employment.  No shares of Common Stock
                shall be issued to the participant prior to the date on which the
                Restricted Stock Units vest, and shall be forfeited by the participant
                upon the participant’s termination of employment prior to vesting for any
                reason other than death or Disability, as defined in the Plan. All
                shares
                of restricted stock units will immediately vest upon a Change in
                Control,
                as defined in the Plan.

            

    

    

    
      	
              7.  

            	
              Withholding.  Where
                required pursuant to the terms of the Plan, the Company will satisfy
                any
                federal income tax withholding obligations that arise in connection
                with
                the vesting of the Restricted Units by withholding shares of Common
                Stock
                that would otherwise be available for delivery upon the vesting of
                this
                award having a Fair Market Value, on the date the shares of Restricted
                Units first become taxable equal to the minimum statutory withholding
                obligation or such other withholding obligation as required by applicable
                law with respect to such taxable shares. In other cases, as a condition
                to
                the delivery of Shares or the lapse of restrictions related to this
                Restricted Unit, or in connection with any other event that gives
                rise to
                a tax withholding obligation, the Company (i) may deduct or withhold
                from any payment or distribution to the participant (whether or not
                pursuant to the Plan), (ii) will be entitled to require that the
                participant remit cash to the Company (through payroll deduction
                or
                otherwise) or (iii) may enter into any other suitable arrangements to
                withhold, in each case, in an amount sufficient to satisfy such
                withholding obligation.

            

    

     

    
      	
              8.  

            	
              Miscellaneous.  These
                Terms and Conditions and other portions of this Agreement: (a) shall
                be
                binding upon and inure to the benefit of any successor of the Company;
                (b) shall be governed by the laws of the State of Delaware and any
                applicable laws of the United States; and (c) except as permitted
                under Sections 4(d) and 7 of the Plan, may not be amended without
                the
                written consent of both the Company and the participant. The Agreement
                shall not in any way interfere with or limit the right of the Company
                to
                terminate the participant’s employment or service with the Company at any
                time, and no contract or right of employment shall be implied by
                the Terms
                and Conditions and this Agreement of which they form a part. For
                the
                purposes of the Terms and Conditions and this Agreement, employment
                by the
                Company, any Subsidiary or a successor to the Company shall be considered
                employment by the Company. If the award is assumed or a new award
                is
                substituted therefor in any corporate reorganization (including,
                but not
                limited to, any transaction of the type referred to in Section 424(a)
                of
                the Internal Revenue Code of 1986, as amended), employment by such
                assuming or substituting corporation or by a parent corporation or
                subsidiary thereof shall be considered for all purposes of the award
                to be
                employment by the Company.

            

    

     

    
      	
              9.  

            	
              Incorporation
                of Plan
                Provisions.  The Terms and Conditions and this Agreement
                are made pursuant to the Plan, the provisions of which are hereby
                incorporated by reference (including without limitation,
                Section 6(g)(xii) of the Plan, such that the participant may be
                subject to the forfeiture of the unvested portion of this Restricted
                Unit
                award and must return any vested Restricted Units and/or shares already
                delivered pursuant to this Agreement in certain circumstances described
                in
                that Section). Capitalized terms not otherwise defined herein shall
                have
                the meanings set forth for such terms in the Plan.  In the event
                of a conflict between the terms of the Terms and Conditions and this
                Agreement, and the Plan, the terms of Plan shall
                govern.

            

    

     

    
      
        
        

      

      
        
        

        
        

      

      
        
        

      

    

    ePlus
      inc.                                                                                     
Participant

    

    

    By:
      _________________________________                     ____________________________________

           Name                                                                                        Name

    

           _________________________________

           TitleExhibit 4.2

 

111/2% SENIOR SECURED NOTES DUE 2013

 

REGISTRATION
RIGHTS AGREEMENT

 

Dated
as of May 27, 2008

 

by
and among

 

K.
Hovnanian Enterprises, Inc.

 

Hovnanian
Enterprises, Inc.

 

And
Certain of its Subsidiaries

 

and

 

CREDIT
SUISSE SECURITIES (USA) LLC

BANC
OF AMERICA SECURITIES LLC

J.P.
MORGAN SECURITIES INC.

WACHOVIA
CAPITAL MARKETS, LLC,

as Representatives of the Initial Purchasers

 

 

This Registration Rights
Agreement (this “Agreement”) is
made and entered into as of May 27, 2008 by and among K. Hovnanian
Enterprises, Inc., a California corporation (the “Company”), Hovnanian
Enterprises, Inc., a Delaware corporation (“Hovnanian”), and certain subsidiary guarantors of Hovnanian
party hereto (together with Hovnanian, the “Guarantors”)
and Credit Suisse Securities (USA) LLC, Banc of America Securities LLC, J.P.
Morgan Securities Inc., and Wachovia Capital Markets, LLC, as Representatives
of the several initial purchasers listed in Schedule A to the Purchase
Agreement (as defined below) (each an “Initial
Purchaser” and, collectively, the “Initial
Purchasers”), each of whom has agreed to purchase the Company’s 111/2% Senior
Secured Notes due 2013 (the “Notes”)
pursuant to the Purchase Agreement.

 

This Agreement is made
pursuant to the Purchase Agreement, dated May 16, 2008 (the “Purchase Agreement”), by and among the
Company, the Guarantors party thereto and the Initial Purchasers.  In order to induce the Initial Purchasers to
purchase the Notes, the Company has agreed to provide the registration rights
set forth in this Agreement.  The
execution and delivery of this Agreement is a condition to the obligations of
the Initial Purchasers set forth in Section 7 of the Purchase Agreement.  Capitalized terms used herein and not
otherwise defined shall have the meaning assigned to them in the Indenture,
dated as of May 27, 2008, among the Company, the Guarantors and Deutsche
Bank National Trust Company, as trustee (the “Trustee”),
relating to the Notes and the Exchange Notes (as defined below) (the “Indenture”).

 

The parties hereby agree as
follows:

 

SECTION 1.   DEFINITIONS

 

As used in this Agreement,
the following capitalized terms shall have the following meanings:

 

Act:  The
Securities Act of 1933, as amended.

 

Affiliate:  As
defined in Rule 144 of the Act.

 

Broker-Dealer:  Any
broker or dealer registered under the Exchange Act.

 

Certificated
Securities:  Certificated Notes, as defined in the
Indenture.

 

Closing
Date:  The date hereof.

 

Commission:  The
Securities and Exchange Commission.

 

Consummate:  An
Exchange Offer shall be deemed “Consummated” for purposes of this Agreement
upon the occurrence of (a) the filing and effectiveness

 

1

 

under the Act of the
Exchange Offer Registration Statement relating to the Exchange Notes to be
issued in the Exchange Offer, (b) the maintenance of such Exchange Offer
Registration Statement as continuously effective and the keeping of the
Exchange Offer open for a period not less than the period required pursuant to
Section 3(b) hereof and (c) the delivery by the Company to the
Trustee under the Indenture of Exchange Notes in the same aggregate principal
amount as the aggregate principal amount of Notes tendered by Holders thereof
pursuant to the Exchange Offer.

 

Consummation
Deadline:  As defined in Section 3(b) hereof.

 

Effectiveness
Deadline:  As defined in Sections 3(a) or
4(a) hereof, as applicable.

 

Exchange
Act:  The Securities Exchange Act of 1934, as
amended.

 

Exchange
Notes:  The Company’s 111/2% Senior Secured Notes due 2013 to
be issued under the Indenture: (i) in the Exchange Offer or (ii) as
contemplated by Section 4 hereof.

 

Exchange
Offer:  The exchange and issuance by the Company of a
principal amount of Exchange Notes (which shall be registered pursuant to the
Exchange Offer Registration Statement) equal to the outstanding principal
amount of Notes that are tendered by Holders in connection with such exchange
and issuance.

 

Exchange
Offer Registration Statement:  The Registration Statement
relating to the Exchange Offer, including the related Prospectus.

 

Filing
Deadline:  As defined in Sections 3(a) or
4(a) hereof, as applicable.

 

Holders:  As
defined in Section 2 hereof.

 

Participating
Broker-Dealer:  As defined in Section 3(c) hereof.

 

Prospectus:  The
prospectus included in a Registration Statement at the time such Registration
Statement is declared effective, as amended or supplemented by any prospectus
supplement and by all other amendments thereto, including post-effective
amendments, and all material incorporated by reference into such Prospectus.

 

Recommencement
Date:  As defined in Section 6(d) hereof.

 

Registration
Default:  As defined in Section 5 hereof.

 

Registration
Statement:  The Exchange Offer Registration Statement or
the Shelf Registration Statement, as applicable, and, in each case, including
the Prospectus and exhibits included therein.

 

2

 

Regulation
S:  Regulation S promulgated under the Act.

 

Rule 144: 
Rule 144 promulgated under the Act.

 

Selling Holders:  As
defined in Section 6(c)(xi).

 

Shelf
Registration Statement:  As defined in Section 4(a) hereof.

 

Shelf
Underwriters:  As defined in Section 6(c)(xi)(A)(1).

 

Suspension
Notice:  As defined in Section 6(d) hereof.

 

TIA:  The
Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb) as in effect
on the date of the Indenture.

 

Transfer
Restricted Securities:  Each Note, until the earliest to occur of
(a) the date on which such Note is exchanged in the Exchange Offer for an
Exchange Note which is entitled to be resold to the public by the Holder
thereof without complying with the prospectus delivery requirements of the Act,
(b) the date on which such Note has been disposed of in accordance with a
Shelf Registration Statement or (c) the date on which such Note is
distributed to the public pursuant to Rule 144 or Regulation S under the
Act and each Exchange Security issued to a Broker-Dealer until the date on
which such Exchange Security is disposed of by such Broker-Dealer pursuant to
the “Plan of Distribution” contemplated by the Exchange Offer Registration
Statement (including the delivery of the Prospectus contained therein).

 

SECTION 2.   HOLDERS

 

A person is deemed to be a
holder of Transfer Restricted Securities (a “Holder”)
whenever such person owns Transfer Restricted Securities.

 

SECTION 3.   REGISTERED
EXCHANGE OFFER

 

(a)           Unless the Exchange Offer shall not be permitted by
applicable federal law (after the procedures set forth in
Section 6(a)(i) below have been complied with), the Company and the
Guarantors shall (i) cause the Exchange Offer Registration Statement to be
filed with the Commission as soon as practicable after the Closing Date, but in
no event later than 120 days after the Closing Date (such 120th day being the “Filing Deadline”), (ii) use their
reasonable best efforts to cause such Exchange Offer Registration Statement to
become effective at the earliest possible time, but in no event later than 180
days after the Closing Date (such 180th day being the “Effectiveness Deadline”), (iii) in
connection with the foregoing, (A) file all pre-effective amendments to
such Exchange Offer Registration Statement as may be necessary in order to
cause it to become effective, (B) file, if applicable, a post-effective
amendment to such Exchange Offer Registration Statement pursuant to
Rule 430A under the Act and (C) cause all necessary filings, if any,
in connection with the registration and

 

3

 

qualification of the
Exchange Notes to be made under the Blue Sky laws of such jurisdictions as are
necessary to permit Consummation of the Exchange Offer, provided, however,
that neither the Company nor any Guarantor shall be required to register or
qualify as a foreign corporation or other entity, as applicable, where it is
not now so qualified or to take any action that would subject it to the service
of process in suits or to taxation, other than as to matters and transactions
relating to the Exchange Offer Registration Statement, in any jurisdiction
where it is not now so subject; (iv) upon the effectiveness of such
Exchange Offer Registration Statement, commence and Consummate the Exchange
Offer.  The Exchange Offer shall be on
the appropriate form permitting (i) registration of the Exchange Notes to
be offered in exchange for the Notes that are Transfer Restricted Securities
and (ii) resales of Exchange Notes by Broker-Dealers that tendered into
the Exchange Offer Notes that such Broker-Dealer acquired for its own account
as a result of market making activities or other trading activities (other than
Notes acquired directly from the Company, the Guarantors or any of their
Affiliates) as contemplated by Section 3(c) below.

 

(b)           The Company and the Guarantors shall use their respective
reasonable best efforts to cause the Exchange Offer Registration Statement to
be effective continuously for the period specified in
Section 3(c) below and shall keep the Exchange Offer open for a
period of not less than the minimum period required under applicable federal
and state securities laws to Consummate the Exchange Offer; provided, however,
that in no event shall such period be less than 20 Business Days.  The Company and the Guarantors shall cause
the Exchange Offer to comply with all applicable federal and state securities
laws.  No securities other than the
Exchange Notes and the guarantees thereof shall be included in the Exchange
Offer Registration Statement.  The
Company and the Guarantors shall use their reasonable best efforts to cause the
Exchange Offer to be Consummated on or prior to 30 Business Days after the
Exchange Offer Registration Statement has become effective, but in no event
later than 40 Business Days thereafter (such 40th day being the “Consummation Deadline”).

 

(c)           The Company shall include a “Plan of Distribution” section
in the Prospectus contained in the Exchange Offer Registration Statement and
indicate therein that any Broker-Dealer who holds Transfer Restricted
Securities that were acquired for the account of such Broker-Dealer as a result
of market-making activities or other trading activities (other than Notes
acquired directly from the Company, the Guarantors or any of their Affiliates)
(a “Participating Broker-Dealer”)
may exchange such Transfer Restricted Securities pursuant to the Exchange Offer.  Such “Plan of Distribution” section shall
also contain all other information with respect to such sales by such
Participating Broker-Dealers that the Commission may require in order to permit
such sales pursuant thereto, but such “Plan of Distribution” shall not name any
such Participating Broker-Dealer or disclose the amount of Transfer Restricted
Securities held by any such Participating Broker-Dealer, except to the extent
required by the Commission as a

 

4

 

result of a change in
policy, rules or regulations after the date of this Agreement.  See the Shearman & Sterling
No-Action Letter (available July 2, 1993).

 

Because such Participating
Broker-Dealer may be deemed to be an “underwriter” within the meaning of the
Act and must, therefore, deliver a prospectus meeting the requirements of the
Act in connection with its initial sale of any Exchange Notes received by such
Participating Broker-Dealer in the Exchange Offer, the Company and Guarantors
shall permit the use of the Prospectus contained in the Exchange Offer
Registration Statement by such Participating Broker-Dealer to satisfy such
prospectus delivery requirement.  In
light of the foregoing, if requested by any Participating Broker-Dealer and to
the extent necessary to ensure that the prospectus contained in the Exchange
Offer Registration Statement is available for sales of Exchange Notes by
Broker-Dealers, the Company and the Guarantors agree to use their respective
best efforts to keep the Exchange Offer Registration Statement continuously
effective, supplemented, amended and current as required by and subject to the
provisions of Sections 6(a) and (c) hereof and in conformity with the
requirements of this Agreement, the Act and the policies, rules and
regulations of the Commission as announced from time to time for a period of
180 days from the Consummation Deadline or such shorter period as will
terminate when all Transfer Restricted Securities covered by such Registration
Statement have been sold pursuant thereto. 
The Company and the Guarantors shall provide sufficient copies of the
latest version of such Prospectus to such Broker-Dealers promptly upon request
and in no event later than one Business Day after such request at any time
during such period.

 

SECTION 4.   SHELF
REGISTRATION

 

(a)           Shelf Registration.  If (i) the Exchange Offer is not
permitted by applicable law (after the Company and the Guarantors have complied
with the procedures set forth in Section 6(a)(i) below) or
(ii) if any Holder of Transfer Restricted Securities shall notify the
Company within 20 Business Days following the Consummation Deadline that
(A) based on an opinion of counsel, such Holder was prohibited by law or
Commission policy from participating in the Exchange Offer or (B) such
Holder is a Broker-Dealer and holds Notes acquired directly from the Company or
any of its Affiliates, then the Company and the Guarantors shall:

 

(x) cause
to be filed, on or prior to 30 days after the earlier of (i) the date on
which the Company determines that the Exchange Offer Registration Statement
cannot be filed as a result of clause (a)(i) above and (ii) the date
on which the Company receives the notice specified in clause
(a)(ii) above, (such earlier date, the “Filing
Deadline”), a shelf registration statement pursuant to Rule 415
under the Act (which may be an amendment to the Exchange Offer Registration
Statement) (the “Shelf Registration Statement”),
relating to all Transfer Restricted Securities, and

 

5

 

(y) shall
use their respective reasonable best efforts to cause such Shelf Registration
Statement to become effective on or prior to 90 days after the Filing Deadline
for the Shelf Registration Statement (such 90th day being the “Effectiveness Deadline”).

 

If, after the Company has
filed an Exchange Offer Registration Statement that satisfies the requirements
of Section 3(a) above, the Company is required to file and make
effective a Shelf Registration Statement solely because the Exchange Offer is
not permitted under applicable federal law (i.e., clause (a)(i) above),
then the filing of the Exchange Offer Registration Statement shall be deemed to
satisfy the requirements of clause (x) above; provided that, in such event, the Company shall remain
obligated to meet the Effectiveness Deadline set forth in clause (y).

 

To the extent necessary to
ensure that the Shelf Registration Statement is available for sales of Transfer
Restricted Securities by the Holders thereof entitled to the benefit of this
Section 4(a) and the other securities required to be registered
therein pursuant to Section 6(b)(ii) hereof, the Company and the
Guarantors shall use their respective reasonable best efforts to keep any Shelf
Registration Statement required by this Section 4(a) continuously
effective, supplemented, amended and current as required by and subject to the
provisions of Sections 6(b) and (c) hereof and in conformity with the
requirements of this Agreement, the Act and the policies, rules and
regulations of the Commission as announced from time to time, for a period of
at least one year (as extended pursuant to Section 6(d)) following the
Closing Date, or such shorter period as will terminate when all Transfer
Restricted Securities covered by such Shelf Registration Statement have been
sold pursuant thereto.

 

(b)           Provision by Holders of
Certain Information in Connection with the Shelf Registration Statement.  No Holder of Transfer Restricted Securities
may include any of its Transfer Restricted Securities in any Shelf Registration
Statement pursuant to this Agreement unless and until such Holder furnishes to
the Company in writing, within 20 days after receipt of a request therefor, the
information specified in Item 507 or 508 of Regulation S-K, as applicable, of
the Act for use in connection with any Shelf Registration Statement or
Prospectus or preliminary Prospectus included therein.  No Holder of Transfer Restricted Securities
shall be entitled to additional interest pursuant to Section 5 hereof
unless and until such Holder shall have provided all such information.  Each selling Holder agrees to promptly
furnish additional information required to be disclosed in order to make the
information previously furnished to the Company by such Holder not materially
misleading.

 

SECTION 5.   ADDITIONAL
INTEREST

 

If (i) any Registration
Statement required by this Agreement is not filed with the Commission on or
prior to the applicable Filing Deadline, (ii) any such Registration
Statement has not been declared effective by the Commission on or

 

6

 

prior to the applicable
Effectiveness Deadline, (iii) the Exchange Offer has not been Consummated
on or prior to the Consummation Deadline or (iv) any Registration
Statement required by this Agreement is filed and declared effective but shall
thereafter cease to be effective or fail to be usable for its intended purpose
without being succeeded immediately by a post-effective amendment to such
Registration Statement that cures such failure and that is itself declared
effective within 5 days of filing such post-effective amendment to such
Registration Statement (each such event referred to in clauses (i) through
(iv), a “Registration Default”),
then the Company and the Guarantors hereby jointly and severally agree to pay
to each Holder of Transfer Restricted Securities affected thereby additional
interest in an amount equal to $.05 per week per $1,000 in principal amount of
Transfer Restricted Securities held by such Holder for each week or portion
thereof that the Registration Default continues for the first 90-day period
immediately following the occurrence of such Registration Default.  The amount of additional interest shall
increase by an additional $.05 per week per $1,000 in principal amount of
Transfer Restricted Securities with respect to each subsequent 90-day period
until all Registration Defaults have been cured, up to a maximum amount of
additional interest of $.25 per week per $1,000 in principal amount of Transfer
Restricted Securities; provided  that the Company and the Guarantors shall
in no event be required to pay additional interest for more than one
Registration Default at any given time. 
Notwithstanding anything to the contrary set forth herein, (1) upon
the filing of the Exchange Offer Registration Statement (and/or, if applicable,
the Shelf Registration Statement), in the case of (i) above, (2) upon
the effectiveness of the Exchange Offer Registration Statement (and/or, if
applicable, the Shelf Registration Statement), in the case of (ii) above,
(3) upon Consummation of the Exchange Offer, in the case of
(iii) above, or (4) upon the filing of a post-effective amendment to
the Registration Statement or an additional Registration Statement that causes
the Exchange Offer Registration Statement (and/or, if applicable, the Shelf
Registration Statement) to again be declared effective or made usable in the
case of (iv) above, the additional interest payable with respect to the
Transfer Restricted Securities as a result of such clause (i), (ii),
(iii) or (iv), as applicable, shall cease.

 

All accrued additional
interest shall be paid to the Holders entitled thereto in the manner provided
for the payment of interest in the Indenture on each Interest Payment Date as
more fully set forth in the Indenture and the Notes.  Notwithstanding the fact that any securities
for which additional interest is due cease to be Transfer Restricted
Securities, all obligations of the Company and the Guarantors to pay additional
interest with respect to securities shall survive until such time as such
obligations with respect to such securities shall have been satisfied in full.

 

SECTION 6.   REGISTRATION
PROCEDURES

 

(a)           Exchange Offer
Registration Statement.  In
connection with the Exchange Offer, the Company and the Guarantors shall
(x) comply with all

 

7

 

applicable provisions of
Section 6(c) below, (y) use their respective reasonable best
efforts to effect such exchange and to permit the resale of Exchange Notes by
Broker-Dealers that tendered in the Exchange Offer Notes that such
Broker-Dealer acquired for its own account as a result of its market making
activities or other trading activities (other than Notes acquired directly from
the Company, the Guarantors or any of their Affiliates) being sold in
accordance with the intended method or methods of distribution thereof and
(z) comply with all of the following provisions:

 

(i) 
If, following the date hereof there has been announced a change in Commission
policy with respect to exchange offers such as the Exchange Offer that in the
reasonable opinion of counsel to the Company raises a substantial question as
to whether the Exchange Offer is permitted by applicable federal law, the
Company and the Guarantors hereby agree to seek a no-action letter or other
favorable decision from the Commission allowing the Company and the Guarantors
to Consummate an Exchange Offer for Transfer Restricted Securities.  The Company and the Guarantors hereby agree
to pursue the issuance of such a decision to the Commission staff level.  In connection with the foregoing, the Company
and the Guarantors hereby agree to take all such other actions as may be
requested by the Commission or otherwise required in connection with the
issuance of such decision, including, without limitation,
(A) participating in telephonic conferences with the Commission,
(B) delivering to the Commission staff an analysis prepared by counsel to
the Company setting forth the legal bases, if any, upon which such counsel has
concluded that such an Exchange Offer should be permitted and
(C) diligently pursuing a resolution (which need not be favorable) by the
Commission staff.

 

(ii) 
As a condition to its participation in the Exchange Offer, each Holder of
Transfer Restricted Securities (including, without limitation, any Holder who
is a Broker-Dealer) shall furnish, upon the request of the Company, prior to
the Consummation of the Exchange Offer, a written representation to the Company
and the Guarantors (which may be contained in the letter of transmittal
contemplated by the Exchange Offer Registration Statement) to the effect that
(A) it is not an Affiliate of the Company or the Guarantors, (B) it
is not engaged in, does not intend to engage in, and has no arrangement or
understanding with any person to participate in, a distribution of the Exchange
Notes to be issued in the Exchange Offer and (C) it is acquiring the
Exchange Notes in its ordinary course of business.  As a condition to its participation in the
Exchange Offer each Holder using the Exchange Offer to participate in a
distribution of the Exchange Notes shall acknowledge and agree that, if the
resales are of Exchange Notes obtained by such Holder in exchange for Notes
acquired directly from the Company, the Guarantors or an Affiliate thereof, it
(1) could not, under Commission policy as in effect on the date of this
Agreement, rely on the position of the Commission enunciated in

 

8

 

the Morgan Stanley and
Company Incorporated (available June 5, 1991) and Exxon Capital Holdings
Corporation No-Action Letters (available May 13, 1988), as interpreted in
the Commission’s letter to Shearman & Sterling (available July 2,
1993) and similar No-Action Letters (including, if applicable, any No-Action
Letter obtained pursuant to clause (i) above), and (2) must comply
with the registration and prospectus delivery requirements of the Act in
connection with a secondary resale transaction and that such a secondary resale
transaction must be covered by an effective registration statement containing
the selling security holder information required by Item 507 or 508, as
applicable, of Regulation S-K.

 

(iii) 
Prior to effectiveness of the Exchange Offer Registration Statement, the
Company and the Guarantors shall provide a supplemental letter to the
Commission (A) stating that the Company and the Guarantors are registering
the Exchange Offer in reliance on the position of the Commission enunciated in
Exxon Capital Holdings Corporation (available May 13, 1988), Morgan
Stanley and Co., Inc. (available June 5, 1991) as interpreted in the
Commission’s letter to Shearman & Sterling dated July 2, 1993,
and, if applicable, any no-action letter obtained pursuant to clause (i) above,
(B) including a representation that neither the Company nor any Guarantor
has entered into any arrangement or understanding with any Person to distribute
the Exchange Notes to be received in the Exchange Offer and that, to the best
of the Company’s and each Guarantor’s information and belief, each Holder
participating in the Exchange Offer is acquiring the Exchange Notes in its
ordinary course of business and has no arrangement or understanding with any
Person to participate in the distribution of the Exchange Notes received in the
Exchange Offer and (C) any other undertaking or representation required by
the Commission as set forth in any no-action letter obtained pursuant to clause
(i) above, if applicable.

 

(iv) 
If requested by any Participating Broker-Dealer delivering the Prospectus
contained in the Exchange Offer Registration Statement in connection with its
initial sale of any Exchange Notes received by it in the Exchange Offer, the
Company and the Guarantors shall use their best efforts to furnish to each such
Participating Broker-Dealer (i) an opinion of counsel of the Company and
the Guarantors addressed to such Participating Broker-Dealer covering the
matters set forth in Section 6(c)(xi)(A)(2) herein with such changes
as are customary in connection with an Exchange Offer Registration Statement
and (ii) a comfort letter, addressed to such Participating Broker-Dealer
from the Company’s independent public accountants, in the customary form,
covering the matters set forth in Section 6(c)(xi)(A)(3) herein, with
appropriate date changes.

 

(b)           Shelf Registration
Statement.  In connection with
the Shelf Registration Statement, the Company and the Guarantors shall:

 

9

 

(i) comply
with all the provisions of Section 6(c) below and use their
respective reasonable best efforts to effect such registration to permit the
sale of the Transfer Restricted Securities being sold in accordance with the
intended method or methods of distribution thereof (as indicated in the
information furnished to the Company pursuant to
Section 4(b) hereof), and pursuant thereto the Company and the
Guarantors will prepare and file with the Commission a Registration Statement
relating to the registration on any appropriate form under the Act, which form
shall be available for the sale of the Transfer Restricted Securities in
accordance with the intended method or methods of distribution thereof within
the time periods and otherwise in accordance with the provisions hereof.

 

(ii) issue,
upon the request of any Holder or purchaser of Notes covered by any Shelf
Registration Statement contemplated by this Agreement, Exchange Notes having an
aggregate principal amount equal to the aggregate principal amount of Notes
sold pursuant to the Shelf Registration Statement and surrendered to the
Company for cancellation; the Company shall register Exchange Notes on the
Shelf Registration Statement for this purpose and issue the Exchange Notes to
the purchaser(s) of securities subject to the Shelf Registration Statement
in the names as such purchaser(s) shall designate.

 

(c)           General Provisions.  In connection with any Registration Statement
and any related Prospectus required by this Agreement, the Company and the
Guarantors shall:

 

(i) 
use their respective reasonable best efforts to keep such Registration
Statement continuously effective and provide all requisite financial statements
for the period specified in Section 3 or 4 of this Agreement, as
applicable.  Upon the occurrence of any
event that would cause any such Registration Statement or the Prospectus
contained therein (A) to contain an untrue statement of material fact or
omit to state any material fact necessary to make the statements therein not
misleading or (B) not to be effective and usable for resale of Transfer
Restricted Securities during the period required by this Agreement, the Company
and the Guarantors shall file promptly an appropriate amendment or supplement
to such Registration Statement curing such defect, and, if Commission review is
required, use their respective best efforts to cause such amendment to be
declared effective as soon as practicable.

 

(ii) 
prepare and file with the Commission such amendments and post-effective
amendments to the applicable Registration Statement as may be necessary to keep
such Registration Statement effective for the applicable period set forth in
Section 3 or 4 hereof, as the case may be; cause the Prospectus to be
supplemented by any required Prospectus supplement, and, as so supplemented, to
be filed pursuant to Rule 424 under the Act, and to comply fully with
Rules 424, 430A and 462, as

 

10

 

applicable, under the Act in
a timely manner; and comply with the provisions of the Act with respect to the disposition
of all securities covered by such Registration Statement during the applicable
period in accordance with the intended method or methods of distribution by the
sellers thereof set forth in such Registration Statement or Prospectus;

 

(iii) 
in the case of a Shelf Registration Statement or if requested by a
Participating Broker-Dealer, advise each Holder promptly and, if requested by
such Holder, confirm such advice in writing, (A) when the Prospectus or
any Prospectus supplement or post-effective amendment has been filed, and, with
respect to any applicable Registration Statement or any post-effective
amendment thereto, when the same has become effective, (B) of any request
by the Commission for amendments to the Registration Statement or amendments or
supplements to the Prospectus or for additional information relating thereto,
(C) of the issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement under the Act or of the suspension
by any state securities commission of the qualification of the Transfer
Restricted Securities for offering or sale in any jurisdiction, or the
initiation of any proceeding for any of the preceding purposes, and (D) of
the existence of any fact or the happening of any event that makes any
statement of a material fact made in the Registration Statement, the
Prospectus, any amendment or supplement thereto or any document incorporated by
reference therein untrue, or that requires the making of any additions to or
changes in the Registration Statement in order to make the statements therein
not misleading, or that requires the making of any additions to or changes in
the Prospectus in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading.  If at any time the Commission shall issue any
stop order suspending the effectiveness of the Registration Statement, or any
state securities commission or other regulatory authority shall issue an order
suspending the qualification or exemption from qualification of the Transfer
Restricted Securities under state securities or Blue Sky laws, the Company and
the Guarantors shall use their respective reasonable best efforts to obtain the
withdrawal or lifting of such order at the earliest possible time;

 

(iv) 
subject to Section 6(c)(i), if any fact or event contemplated by
Section 6(c)(iii)(D) above shall exist or have occurred, prepare a
supplement or post-effective amendment to the Registration Statement or related
Prospectus or any document incorporated therein by reference or file any other
required document so that, as thereafter delivered to the purchasers of
Transfer Restricted Securities, the Prospectus will not contain an untrue
statement of a material fact or omit to state any material fact necessary to
make the statements therein, in the light of the circumstances under which they
were made, not misleading;

 

11

 

(v)  in the case of
a Shelf Registration Statement, furnish (or, to the extent permitted by law,
make available) to each Holder, before filing with the Commission, copies of
any Shelf Registration Statement or any Prospectus included therein or any amendments
or supplements to any such Shelf Registration Statement or Prospectus
(including all documents incorporated by reference after the initial filing of
such Shelf Registration Statement), which documents will be subject to the
review and comment of such Holders in connection with such sale, if any, for a
period of at least five Business Days, and the Company will not file any such
Shelf Registration Statement or Prospectus or any amendment or supplement to
any such Shelf Registration Statement or Prospectus (including all such
documents incorporated by reference) to which such Holders shall reasonably
object within five Business Days after the receipt thereof.  A Holder shall be deemed to have reasonably
objected to such filing if such Shelf Registration Statement, amendment,
Prospectus or supplement, as applicable, as proposed to be filed, contains an
untrue statement of a material fact or omits to state any material fact
necessary to make the statements therein not misleading or fails to comply with
the applicable requirements of the Act;

 

(vi)  in the case of
a Shelf Registration Statement, promptly prior to the filing of any document
that is to be incorporated by reference into a Registration Statement or
Prospectus, provide (or, to the extent permitted by law, make available) copies
of such document, if any, to each Holder, make the Company’s and the
Guarantors’ representatives available for discussion of such document and other
customary due diligence matters, and include such information in such document
prior to the filing thereof as such Holders may reasonably request;

 

(vii)  in the case
of a Shelf Registration Statement, make available, at reasonable times, for
inspection by each Holder and any attorney or accountant retained by such
Holders, all pertinent financial and other records and pertinent corporate
documents of the Company and the Guarantors as shall be necessary to enable
them to exercise any applicable due diligence responsibilities and cause the
Company’s and the Guarantors’ officers, directors and employees to supply all
information reasonably requested by any such Holder, attorney or accountant in
connection with such Registration Statement or any post-effective amendment
thereto subsequent to the filing thereof and prior to its effectiveness; provided that if any such information is
identified by the Company or any Guarantor as being confidential or
proprietary, each such Holder, attorney, accountant or any other person
receiving such information shall take all actions as are reasonably necessary
to protect the confidentiality of such information to the extent that such
action is otherwise not inconsistent with, an impairment of or in derogation of
the rights and interests of such Holder;

 

12

 

(viii)  if requested
by any Holders, promptly include in any Registration Statement or Prospectus,
pursuant to a supplement or post-effective amendment if necessary, such
information as such Holders may reasonably request to have included therein, including,
without limitation, information relating to the “Plan of Distribution” of the
Transfer Restricted Securities; and make all required filings of such
Prospectus supplement or post-effective amendment as soon as practicable after
the Company is notified of the matters to be included in such Prospectus
supplement or post-effective amendment;

 

(ix)  in the case of
a Shelf Registration Statement, furnish (or, to the extent permitted by law,
make available) to each Holder, without charge, at least one copy of the
Registration Statement, as first filed with the Commission, and of each
amendment thereto, including all documents incorporated by reference therein
and all exhibits (including exhibits incorporated therein by reference);

 

(x)  in the case of
a Shelf Registration Statement or if requested by a Participating
Broker-Dealer, deliver (or, to the extent permitted by law, make available) to
each Holder without charge, as many copies of the Prospectus (including each
preliminary prospectus) and any amendment or supplement thereto as such Person
reasonably may request; the Company and the Guarantors hereby consent to the
use (in accordance with law) of the Prospectus and any amendment or supplement
thereto by each selling Holder in connection with the offering and the sale of
the Transfer Restricted Securities covered by the Prospectus or any amendment
or supplement thereto;

 

(xi)  in the case of a Shelf Registration Statement
and upon the request of any Holder of Transfer Restricted Securities covered
thereby and being sold pursuant thereto (the “Selling
Holders”), enter into such customary agreements (including
underwriting agreements) and make such customary representations and warranties
and take all such other actions in connection therewith in order to expedite or
facilitate the disposition of the Transfer Restricted Securities pursuant to
any applicable Registration Statement contemplated by this Agreement as may be
reasonably requested by any such Selling Holder in connection with any sale or
resale pursuant to any applicable Registration Statement.  In such connection, the Company and the
Guarantors shall:

 

(A)  upon request of
any such Selling Holder, furnish (or in the case of paragraphs (2) and
(3), use their best efforts to cause to be furnished) to each such Selling
Holder, as the case may be:

 

(1)  a certificate,
addressed to such Selling Holders and underwriters, if any, named in an
underwriting agreement entered into pursuant to this Section 6(c)(xi) (the
“Shelf Underwriters”), 

 

13

 

signed on behalf of Hovnanian by the Chief Financial
Officer, confirming, as of the date thereof, the matters set forth in Sections
2(aa) and 2(dd) of the Purchase Agreement, that all the representations and
warranties of the Company and Hovnanian contained in the Purchase Agreement are
true and correct on the date of the certificate with the same force and effect
as if made on and as of such date, and such other similar matters as such
Selling Holders and Shelf Underwriters, if any, may reasonably request;

 

(2)  an opinion of
counsel for the Company and the Guarantors, addressed to such Selling Holders
and Shelf Underwriters, if any, which shall cover matters similar to those set
forth in subsections (c) and (d) of Section 7 of the Purchase
Agreement and such other additional matters as such Selling Holders and Shelf
Underwriters, if any, may reasonably request; and

 

(3)  a comfort
letter, addressed to such Selling Holders and Shelf Underwriters, if any, from
the Company’s independent accountants, in the customary form and covering
matters of the type customarily covered in comfort letters addressed to
underwriters in connection with underwritten offerings.

 

(B) deliver such
other documents and certificates as may be reasonably requested by such Selling
Holders and Shelf Underwriters, if any, to evidence compliance with the matters
covered in clause (A) above and with any customary conditions contained in
any agreement entered into by the Company and the Guarantors pursuant to this
clause (xi);

 

(xii)  prior to any public offering of Transfer
Restricted Securities, cooperate with the selling Holders and their counsel in
connection with the registration and qualification of the Transfer Restricted
Securities under the securities or Blue Sky laws of such jurisdictions as the
selling Holders may request and do any and all other acts or things necessary
or advisable to enable the disposition in such jurisdictions of the Transfer
Restricted Securities covered by the Shelf Registration Statement; provided, however,
that neither the Company nor any Guarantor shall be required to register or
qualify as a foreign corporation or other entity, as applicable, where it is
not now so qualified or to take any action that would subject it to the service
of process in suits or to taxation, other than as to matters and transactions
relating to the Registration Statement, in any jurisdiction where it is not now
so subject;

 

(xiii)  in connection with any sale of Transfer
Restricted Securities pursuant to a Shelf Registration Statement that will
result in such securities no longer being Transfer Restricted Securities,
cooperate with 

 

14

 

the Holders to facilitate the timely preparation and
delivery of certificates representing Transfer Restricted Securities to be sold
and not bearing any restrictive legends; and to register such Transfer
Restricted Securities in such denominations and such names as the selling
Holders may request at least two Business Days prior to such sale of Transfer
Restricted Securities;

 

(xiv)  use their respective reasonable best efforts
to cause the disposition of the Transfer Restricted Securities covered by the
Registration Statement to be registered with or approved by such other
governmental agencies or authorities as may be necessary to enable the seller
or sellers thereof to consummate the disposition of such Transfer Restricted
Securities, subject to the proviso contained in clause (xii) above;

 

(xv)  provide a CUSIP number for all Transfer
Restricted Securities not later than the effective date of a Registration
Statement covering such Transfer Restricted Securities; and provide the Trustee
under the Indenture with printed certificates for the Transfer Restricted Securities
which are in a form eligible for deposit with the Depository Trust Company;

 

(xvi)  otherwise use their respective reasonable
best efforts to comply with all applicable rules and regulations of the
Commission, and make generally available to its security holders with regard to
any applicable Registration Statement, as soon as practicable, a consolidated
earnings statement meeting the requirements of Rule 158 (which need not be
audited) covering a twelve-month period beginning after the effective date of
the Registration Statement (as such term is defined in paragraph (c) of
Rule 158 under the Act);

 

(xvii)  cause the Indenture to be qualified under the
TIA not later than the effective date of the first Registration Statement
required by this Agreement and, in connection therewith, cooperate with the
Trustee and the Holders to effect such changes to the Indenture as may be
required for such Indenture to be so qualified in accordance with the terms of
the TIA; and execute and use their best efforts to cause the Trustee to
execute, all documents that may be required to effect such changes and all
other forms and documents required to be filed with the Commission to enable
such Indenture to be so qualified in a timely manner; and

 

(xviii)  provide (or, to the extent permitted by law,
make available) promptly to each Holder, upon request, each document filed with
the Commission pursuant to the requirements of Section 13 or
Section 15(d) of the Exchange Act.

 

15

 

(d)           Restrictions on Holders.  Each Holder agrees by acquisition of a
Transfer Restricted Security that, upon receipt of the notice referred to in
Section 6(c)(iii)(C) or any notice from the Company of the existence
of any fact of the kind described in Section 6(c)(iii)(D) hereof (in
each case, a “Suspension Notice”),
such Holder will forthwith discontinue disposition of Transfer Restricted
Securities pursuant to the applicable Registration Statement until
(i) such Holder has received copies of the supplemented or amended
Prospectus contemplated by Section 6(c)(iv) hereof or (ii) such
Holder is advised in writing by the Company that the use of the Prospectus may
be resumed, and, in each case, has received copies of any additional or
supplemental filings that are incorporated by reference in the Prospectus (in
each case, the “Recommencement Date”).  Each Holder receiving a Suspension Notice
hereby agrees that it will either (i) destroy any Prospectuses, other than
permanent file copies, then in such Holder’s possession which have been
replaced by the Company with more recently dated Prospectuses or
(ii) deliver to the Company (at the Company’s expense) all copies, other
than permanent file copies, then in such Holder’s possession of the Prospectus
covering such Transfer Restricted Securities that was current at the time of
receipt of the Suspension Notice.  The
time period regarding the effectiveness of such Registration Statement set
forth in Section 3 or 4 hereof, as applicable, shall be extended by a
number of days equal to the number of days in the period from and including the
date of delivery of the Suspension Notice to the date of delivery of the
Recommencement Date.

 

SECTION 7.   REGISTRATION EXPENSES

 

(a)           All
expenses incident to the Company’s and the Guarantors’ performance of, or
compliance with, this Agreement will be borne by the Company and the
Guarantors, regardless of whether a Registration Statement becomes effective,
including, without limitation: (i) all registration and filing fees and
expenses; (ii) all fees and expenses of compliance with federal securities
and state Blue Sky or securities laws; (iii) all expenses of printing
(including printing certificates for the Exchange Notes to be issued in the
Exchange Offer and printing of Prospectuses), messenger and delivery services
and telephone; (iv) all fees and disbursements of counsel for the Company,
the Guarantors and, in the case of a Shelf Registration Statement, of one
counsel for the Holders of Transfer Restricted Securities, such counsel to be
selected by a majority of the aggregate principal amount of Transfer Restricted
Securities being sold; and (v) all fees and disbursements of independent
certified public accountants of the Company and the Guarantors (including the
expenses of any special audit and comfort letters required by or incident to
such performance).

 

The Company will, in any event, bear its and the
Guarantors’ internal expenses (including, without limitation, all salaries and
expenses of its officers and employees performing legal or accounting duties),
the expenses of any annual audit and the fees and expenses of any Person,
including special experts, retained by the Company or the Guarantors.

 

16

 

(b)           In
connection with any Registration Statement required by this Agreement, the
Company and the Guarantors will reimburse the Initial Purchasers and the
Holders of Transfer Restricted Securities who are tendering Notes in the
Exchange Offer and/or selling or reselling Notes or Exchange Notes pursuant to
the “Plan of Distribution” contained in the Exchange Offer Registration
Statement or the Shelf Registration Statement, as applicable, for the
reasonable fees and disbursements of not more than one counsel, who shall be
Davis Polk & Wardwell, unless another firm shall be chosen by the
Holders of a majority in principal amount of the Transfer Restricted Securities
for whose benefit such Registration Statement is being prepared.  Notwithstanding the foregoing, such Holders
shall be responsible for any and all underwriting discounts and commissions
and, prior to employing counsel in connection with an Exchange Offer, the
Initial Purchasers will notify the Company and the Company’s counsel and
provide them reasonable opportunity to discuss the need for separate counsel; provided, however,
the Initial Purchasers shall at all times retain the sole right to employ
separate counsel.

 

SECTION 8.   INDEMNIFICATION

 

(a)  The Company and the Guarantors agree,
jointly and severally, to indemnify and hold harmless each Holder of Transfer
Restricted Securities, its partners, directors, officers, and each person, if
any, who controls such Holder within the meaning of Section 15 of the
Securities Act against any losses, claims, damages or liabilities, joint or
several, to which such Holder may become subject, under the Securities Act or
the Exchange Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon any
untrue statement or alleged untrue statement of any material fact contained in
a Registration Statement, preliminary prospectus or Prospectus (or in any
amendment or supplement thereto) or arise out of or are based upon the omission
or alleged omission to state therein a material fact required to be stated
therein or necessary in order to make the statements therein, in light of the
circumstances in which they were made, not misleading, and shall reimburse each
Holder of Transfer Restricted Securities for any legal or other expenses
reasonably incurred by such Holder of Transfer Restricted Securities in
connection with investigating or defending any such loss, claim, damage,
liability or action as such expenses are incurred; provided, however,
that the Company and the Guarantors shall not be liable in any such case to the
extent that any such loss, claim, damage or liability arises out of or is based
upon any untrue statement or alleged untrue statement in or omission or alleged
omission from a Registration Statement, preliminary prospectus or Prospectus or
in any amendment or supplement thereto made in reliance upon and in conformity
with written information furnished to the Company and the Guarantors by any
such Holder of Transfer Restricted Securities or on behalf of such Holder of
Transfer Restricted Securities specifically for inclusion therein; provided  further,
however, that this indemnity
agreement will be in addition to any liability which the Company and 

 

17

 

the Guarantors may otherwise have to such Holder of
Transfer Restricted Securities and their controlling persons named above.

 

(b)  Each Holder of Transfer Restricted
Securities agrees, severally and not jointly, to indemnify and hold harmless
the Company, the Guarantors, their respective directors and officers and each
person, if any, who controls the Company or any Guarantors within the meaning
of Section 15 of the Securities Act against any losses, claims, damages or
liabilities to which the Company or the Guarantors may become subject, under
the Securities Act or the Exchange Act or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon any untrue statement or alleged untrue statement of any material
fact contained in a Registration Statement, preliminary prospectus or
Prospectus (or in any amendment or supplement thereto) or arise out of or are
based upon the omission or alleged omission to state therein a material fact
required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances in which they were made, not misleading,
but in each case only to the extent that such untrue statement or omission or
alleged untrue statement or omission was made in reliance upon and in
conformity with written information furnished to the Company and the Guarantors
by or on behalf of such Holder specifically for inclusion therein; and, shall
reimburse, as incurred, the Company, the Guarantors for any legal or other expenses
reasonably incurred by the Company or the Guarantors in connection with
investigating or defending any such loss, claim, damage, liability or
action.  This indemnity agreement will be
in addition to any liability which such Holder of Transfer Restricted
Securities may otherwise have to the Company and the Guarantors or any of their
controlling persons named above.

 

(c)  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 the indemnifying party under this Section 8, notify the
indemnifying party of the commencement thereof; but the failure to notify the
indemnifying party shall not relieve the indemnifying party from any liability
that it may have under subsection (a) or (b) above except to the
extent that it has been materially prejudiced (through the forfeiture of
substantive rights or defenses) by such failure; and provided further that the failure to notify the indemnifying
party shall not relieve it from any liability that it may have to an
indemnified party otherwise than under subsection (a) or
(b) above.  In case any such action
is brought against any indemnified party, and it notifies the indemnifying
party of the commencement thereof, the indemnifying party will be entitled to
participate therein and, to the extent that it may wish, jointly with any other
indemnifying party similarly notified, to assume the defense thereof, with
counsel reasonably satisfactory to such indemnified party (who shall not,
except with the consent of the indemnified party, be counsel to the
indemnifying party), and after notice from the indemnifying party to such
indemnified party of its election so to assume the defense thereof, the
indemnifying party will not be liable to such indemnified party under this
Section 8 for any legal or other 

 

18

 

expenses subsequently incurred by such indemnified
party in connection with the defense thereof, other than reasonable costs of
investigation.  No indemnifying party
shall, without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened action in respect of which any
indemnified party is or could have been a party and indemnity could have been
sought hereunder by such indemnified party unless such settlement
(i) includes an unconditional release of such indemnified party from all
liability on any claims that are the subject matter of such action, and
(ii) does not include a statement as to or an admission of fault,
culpability or a failure to act by or on behalf of any indemnified party.

 

(d)  If the indemnification provided for in this
Section 8 is unavailable or insufficient to hold harmless an indemnified
party under subsections (a) or (b) above, then each indemnifying
party shall contribute to the amount paid or payable by such indemnified party
as a result of the losses, claims, damages or liabilities referred to in
subsection (a) or (b) above (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 Holders of Transfer Restricted Securities on
the other from the sale of the Transfer Restricted Securities pursuant to a
Registration Statement or the exchange of the Transfer Restricted Securities
pursuant to the Exchange Offer, or (ii) if the allocation provided by the
foregoing 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 Holders of Transfer Restricted Securities on
the other hand in connection with the statements or omissions that resulted in
such losses, claims, damages or liabilities as well as any other relevant
equitable considerations.  The relative
benefits received by the Company and the Guarantors on the one hand and the Holders
on the other shall be deemed to be in such proportion as is appropriate to
reflect the relative benefits received by the Company and the Guarantors from
the offering of the Transfer Restricted Securities pursuant to the Purchase
Agreement and the securities to be issued in an Exchange Offer or pursuant to a
Shelf Registration Statement, on the one hand, and by the Holders from
receiving Transfer Restricted Securities or securities registered under the
Securities Act pursuant to an Exchange Offer or a Shelf Registration Statement,
on the other hand.  The relative fault of
the parties shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by
the Company or the Guarantors on the one hand or such Holder on the other, and
the parties’ relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission.  The amount paid by an indemnified party as a
result of the losses, claims, damages or liabilities referred to in this
subsection (d) shall be deemed to include any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating
or defending any action or claim which is the subject of this subsection
(d).  Notwithstanding any other provision
of this Section 8(d), the 

 

19

 

Holders of the Transfer Restricted Securities shall
not be required to contribute any amount in excess of the amount by which the
total proceeds received by such Holders from the sale of the Transfer
Restricted Securities pursuant to a Registration Statement exceeds the amount
of damages which such Holders have otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission.  No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any person who was not
guilty of such fraudulent misrepresentation. 
For purposes of this paragraph (d), each person, if any, who controls
such indemnified party within the meaning of the Securities Act or the Exchange
Act shall have the same rights to contribution as such indemnified party and
each person, if any, who controls the Company or the Guarantors within the
meaning of the Securities Act or the Exchange Act shall have the same rights to
contribution as the Company and the Guarantors.

 

(e)  The agreements contained in this
Section 8 shall survive the sale of the Transfer Restricted Securities
pursuant to a Shelf Registration Statement or the exchange of the Transfer
Restricted Securities pursuant to an Exchange Offer and shall remain in full
force and effect, regardless of any termination or cancellation of this
Agreement or any investigation made by or on behalf of any indemnified party.

 

SECTION 9.   MISCELLANEOUS

 

(a)           Remedies. 
The Company and the Guarantors acknowledge and agree that any failure by
the Company and/or the Guarantors to comply with their respective obligations
under Sections 3 and 4 hereof may result in material irreparable injury to the
Initial Purchasers or the Holders for which there is no adequate remedy at law,
that it will not be possible to measure damages for such injuries precisely and
that, in the event of any such failure, the Initial Purchasers or any Holder
may obtain such relief as may be required to specifically enforce the Company’s
and the Guarantor’s obligations under Sections 3 and 4 hereof.  To the extent permitted by applicable law,
the Company and the Guarantors further agree to waive the defense in any action
for specific performance that a remedy at law would be adequate.

 

(b)           No Inconsistent Agreements.  Neither the Company nor any Guarantor will,
on or after the date of this Agreement, enter into any agreement with respect
to its securities that is inconsistent with the rights granted to the Holders
in this Agreement or otherwise conflicts with the provisions hereof.  The rights granted to the Holders hereunder
do not in any way conflict with and are not inconsistent with the rights
granted to the holders of the Company’s and the Guarantors’ securities under
any agreement in effect on the date hereof.

 

(c)           Amendments and Waivers.  The provisions of this Agreement may not be
amended, modified or supplemented, and waivers or consents to or departures
from the provisions hereof may not be given unless (i) in the case of 

 

20

 

Section 5 hereof and this Section 9(c)(i),
the Company has obtained the written consent of Holders of all outstanding
Transfer Restricted Securities and (ii) in the case of all other
provisions hereof, the Company has obtained the written consent of Holders of a
majority of the outstanding principal amount of Transfer Restricted Securities
(excluding Transfer Restricted Securities held by the Company or a Guarantor or
their Affiliates).  Notwithstanding the
foregoing, a waiver or consent to a departure from the provisions hereof that
relates exclusively to the rights of Holders whose Transfer Restricted
Securities are being tendered pursuant to the Exchange Offer and that does not
affect directly or indirectly the rights of other Holders whose Transfer
Restricted Securities are not being tendered pursuant to such Exchange Offer
may be given by the Holders of a majority of the outstanding principal amount
of Transfer Restricted Securities subject to such Exchange Offer.

 

(d)           Third Party Beneficiary.  The Holders shall be third party
beneficiaries to the agreements made hereunder between the Company and the
Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and
shall have the right to enforce such agreements directly to the extent they may
deem such enforcement necessary or advisable to protect their rights or the
rights of Holders hereunder.

 

(e)           Notices. 
All notices and other communications provided for or permitted hereunder
shall be made in writing by hand-delivery, first-class mail (registered or
certified, return receipt requested), telex, telecopier, or air courier
guaranteeing overnight delivery:

 

(i)                                     if to a Holder, at the address set forth
on the records of the Registrar under the Indenture, with a copy to the
Registrar under the Indenture; and

 

(ii)                                  if to the Company or the Guarantors:

 

c/o Hovnanian Enterprises, Inc.

110 West Front Street

P.O. Box 500

Red Bank, NJ 
07701

 

Telecopier No.: 732-383-2945

Attention: General Counsel

 

with a copy to:

 

Simpson Thacher & Bartlett LLP

425 Lexington Ave.

New York, NY 
10017

Telecopier No.: 212-455-2502

Attention: Vincent Pagano Jr., Esq.

 

21

 

All such notices and communications shall be deemed to
have been duly given:  at the time
delivered by hand, if personally delivered; five Business Days after being
deposited in the mail, postage prepaid, if mailed; when receipt acknowledged,
if telecopied; and on the next business day, if timely delivered to an air
courier guaranteeing overnight delivery.

 

Copies of all such notices, demands or other
communications shall be concurrently delivered by the Person giving the same to
the Trustee at the address specified in the Indenture.

 

(f)            Successors and Assigns.  This Agreement shall inure to the benefit of
and be binding upon the successors, assigns and transferees of each of the
parties, including, without limitation, and without the need for an express
assignment, subsequent Holders; provided,
that nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Transfer Restricted Securities in violation of the terms hereof
or of the Purchase Agreement or the Indenture. 
If any transferee of any Holder shall acquire Transfer Restricted
Securities in any manner, whether by operation of law or otherwise, such
Transfer Restricted Securities shall be held subject to all of the terms of
this Agreement, and, by taking and holding such Transfer Restricted Securities,
such Person shall be conclusively deemed to have agreed to be bound by and to perform
all of the terms and provisions of this Agreement, including the restrictions
on resale set forth in this Agreement and, if applicable, the Purchase
Agreement, and such Person shall be entitled to receive the benefits hereof.

 

(g)           Counterparts.  This Agreement may be executed in any number
of counterparts and by the parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

 

(h)           Headings. 
The headings in this Agreement are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof.

 

(i)            Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

(j)            Severability.  To the extent permitted by applicable law, in
the event that any one or more of the provisions contained herein or the
application thereof in any circumstance, is held invalid, illegal or
unenforceable, the validity, legality and enforceability of any such provision
in every other respect and of the remaining provisions contained herein shall
not be affected or impaired thereby.

 

(k)           Entire Agreement.  This Agreement is intended by the parties as
a final expression of their agreement and intended to be a complete and
exclusive 

 

22

 

statement of the agreement and understanding of the
parties hereto in respect of the subject matter contained herein.  There are no restrictions, promises,
warranties or undertakings other than those set forth or referred to herein
with respect to the registration rights granted with respect to the Transfer
Restricted Securities.  This Agreement
supersedes all prior agreements and understandings between the parties with
respect to such subject matter.

 

23

 

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

 

K. HOVNANIAN ENTERPRISES, INC.

 

 

	
  By:

  	
  /s/ PETER S. REINHART

  	
   

  
	
   

  	
  Name: Peter S. Reinhart

  
	
   

  	
  Title: General Counsel

  

 

 

HOVNANIAN ENTERPRISES, INC.

 

 

	
  By:

  	
  /s/ PETER S. REINHART

  	
   

  
	
   

  	
  Name: Peter S. Reinhart

  
	
   

  	
  Title: General Counsel

  

 

 

On behalf of each entity named in 

Schedule A hereto

 

 

	
  By:

  	
  /s/ PETER S. REINHART

  	
   

  
	
   

  	
  Name: Peter S. Reinhart

  
	
   

  	
  Title: General Counsel

  

 

24

 

Credit Suisse Securities (USA) LLC

Banc of America Securities LLC

J.P. Morgan Securities Inc.

Wachovia Capital Markets, LLC,

as Representatives of the several Initial Purchasers

listed in Schedule A of the Purchase Agreement

 

By: Credit Suisse Securities (USA) LLC

 

 

	
  By:

  	
  /s/ ERIC A. ANDERSON

  	
   

  
	
   

  	
  Name: Eric A. Anderson

  
	
   

  	
  Title: Managing Director

  

 

25

 

SCHEDULE
A

 

GUARANTORS

 

ALFORD, L.L.C.

AUDDIE ENTERPRISES, L.L.C.

BUILDER SERVICES NJ, L.L.C.

BUILDER SERVICES NY, L.L.C.

BUILDER SERVICES PA, L.L.C.

DULLES COPPERMINE, L.L.C.

EASTERN TITLE AGENCY, INC.

F&W MECHANICAL SERVICES, L.L.C.

FOUNDERS TITLE AGENCY OF MARYLAND, L.L.C.

FOUNDERS TITLE AGENCY, INC.

GOVERNOR’S ABSTRACT CO., INC.

GREENWAY FARMS UTILITY ASSOCIATES, L.L.C.

HOMEBUYERS FINANCIAL SERVICES, L.L.C.

HOVNANIAN DEVELOPMENTS OF FLORIDA, INC.

HOVNANIAN ENTERPRISES, INC.

HOVNANIAN LAND INVESTMENT GROUP OF CALIFORNIA, L.L.C.

HOVNANIAN LAND INVESTMENT GROUP OF FLORIDA, L.L.C.

HOVNANIAN LAND INVESTMENT GROUP OF GEORGIA, L.L.C.

HOVNANIAN LAND INVESTMENT GROUP OF MARYLAND, L.L.C.

HOVNANIAN LAND INVESTMENT GROUP OF NEW JERSEY, L.L.C.

HOVNANIAN LAND INVESTMENT GROUP OF NORTH CAROLINA,
L.L.C.

HOVNANIAN LAND INVESTMENT GROUP OF PENNSYLVANIA,
L.L.C.

HOVNANIAN LAND INVESTMENT GROUP OF TEXAS, L.L.C.

HOVNANIAN LAND INVESTMENT GROUP OF VIRGINIA, L.L.C.

HOVNANIAN LAND INVESTMENT GROUP, L.L.C.

HUDSON POINTE JOINT DEVELOPMENT, L.L.C.

K. HOV I P, INC.

K. HOV INTERNATIONAL, INC.

K. HOV IP, II, INC.

K. HOVNANIAN ACQUISITIONS, INC.

K. HOVNANIAN AT 3 CHAPMAN, L.L.C.

K. HOVNANIAN AT 4S, LLC

K. HOVNANIAN AT ABERDEEN URBAN RENEWAL, L.L.C.

K. HOVNANIAN AT ACQUA VISTA, LLC

K. HOVNANIAN AT ALISO, LLC

K. HOVNANIAN AT ALLENBERRY, L.L.C.

K. HOVNANIAN AT ALLENDALE, L.L.C.

K. HOVNANIAN AT ALLENTOWN, L.L.C.

K. HOVNANIAN AT ARBOR HEIGHTS, LLC

K. HOVNANIAN AT AVENUE ONE, L.L.C.

K. HOVNANIAN AT BARNEGAT I, L.L.C.

K. HOVNANIAN AT BARNEGAT II, L.L.C.

K. HOVNANIAN AT BARNEGAT III, L.L.C.

K. HOVNANIAN AT BELLA LAGO, LLC

K. HOVNANIAN AT BERKELEY, L.L.C.

K. HOVNANIAN AT BERNARDS IV, INC.

K. HOVNANIAN AT BERNARDS V, L.L.C.

K. HOVNANIAN AT BLUE HERON PINES, L.L.C.

K. HOVNANIAN AT BRANCHBURG III, INC.

K. HOVNANIAN AT BRIDGEPORT, INC.

K. HOVNANIAN AT BRIDGEWATER I, L.L.C.

K. HOVNANIAN AT BRIDGEWATER VI, INC.

K. HOVNANIAN AT BRIDLEWOOD, L.L.C.

K. HOVNANIAN AT BROAD AND WALNUT, L.L.C.

 

26

 

K. HOVNANIAN AT BURLINGTON III, INC.

K. HOVNANIAN AT BURLINGTON, INC.

K. HOVNANIAN AT CALABRIA, INC.

K. HOVNANIAN AT CAMDEN I, L.L.C.

K. HOVNANIAN AT CAMERON CHASE, INC.

K. HOVNANIAN AT CAMP HILL, L.L.C.

K. HOVNANIAN AT CAPISTRANO, L.L.C.

K. HOVNANIAN AT CARMEL DEL MAR, INC.

K. HOVNANIAN AT CARMEL VILLAGE, LLC

K. HOVNANIAN AT CASTILE, INC.

K. HOVNANIAN AT CEDAR GROVE III, L.L.C.

K. HOVNANIAN AT CEDAR GROVE IV, L.L.C.

K. HOVNANIAN AT CHAPARRAL, INC.

K. HOVNANIAN AT CHESTER I, L.L.C.

K. HOVNANIAN AT CHESTERFIELD II, L.L.C.

K. HOVNANIAN AT CHESTERFIELD, L.L.C.

K. HOVNANIAN AT CIELO, L.L.C.

K. HOVNANIAN AT CLARKSTOWN, INC.

K. HOVNANIAN AT CLIFTON II, L.L.C.

K. HOVNANIAN AT CLIFTON, L.L.C.

K. HOVNANIAN AT COASTLINE, L.L.C.

K. HOVNANIAN AT CORTEZ HILL, LLC

K. HOVNANIAN AT CRANBURY, L.L.C.

K. HOVNANIAN AT CRESTLINE, INC.

K. HOVNANIAN AT CURRIES WOODS, L.L.C.

K. HOVNANIAN AT DENVILLE, L.L.C.

K. HOVNANIAN AT DEPTFORD TOWNSHIP, L.L.C.

K. HOVNANIAN AT DOMINGUEZ HILLS, INC.

K. HOVNANIAN AT DOVER, L.L.C.

K. HOVNANIAN AT EAST BRANDYWINE, L.L.C.

K. HOVNANIAN AT EAST WHITELAND I, INC.

K. HOVNANIAN AT EASTLAKE, LLC

K. HOVNANIAN AT EDGEWATER II, L.L.C.

K. HOVNANIAN AT EDGEWATER, L.L.C.

K. HOVNANIAN AT EGG HARBOR TOWNSHIP II, L.L.C.

K. HOVNANIAN AT EGG HARBOR TOWNSHIP, L.L.C.

K. HOVNANIAN AT ELK TOWNSHIP, L.L.C.

K. HOVNANIAN AT ENCINITAS RANCH, LLC

K. HOVNANIAN AT EVERGREEN, L.L.C.

K. HOVNANIAN AT EWING, L.L.C.

K. HOVNANIAN AT FIFTH AVENUE, L.L.C.

K. HOVNANIAN AT FLORENCE I, L.L.C.

K. HOVNANIAN AT FLORENCE II, L.L.C.

K. HOVNANIAN AT FOREST MEADOWS, L.L.C.

K. HOVNANIAN AT FORKS TWP. I, L.L.C.

K. HOVNANIAN AT FRANKLIN, L.L.C.

K. HOVNANIAN AT FREEHOLD TOWNSHIP I, INC.

K. HOVNANIAN AT FREEHOLD TOWNSHIP, L.L.C.

K. HOVNANIAN AT GALLOWAY, L.L.C.

K. HOVNANIAN AT GASLAMP SQUARE, L.L.C.

K. HOVNANIAN AT GREAT NOTCH, L.L.C.

K. HOVNANIAN AT GUTTENBERG, L.L.C.

K. HOVNANIAN AT HACKETTSTOWN II, L.L.C.

K. HOVNANIAN AT HACKETTSTOWN, INC.

K. HOVNANIAN AT HAMBURG CONTRACTORS, L.L.C.

K. HOVNANIAN AT HAMBURG, L.L.C.

K. HOVNANIAN AT HAWTHORNE, L.L.C

K. HOVNANIAN AT HAZLET, L.L.C.

K. HOVNANIAN AT HERSHEY’S MILL, INC.

K. HOVNANIAN AT HIGHLAND SHORES, L.L.C.

K. HOVNANIAN AT HIGHLAND VINEYARDS, INC.

K. HOVNANIAN AT HIGHWATER, L.L.C.

 

27

 

K. HOVNANIAN AT HILLTOP, L.L.C.

K. HOVNANIAN AT HOPEWELL IV, INC.

K. HOVNANIAN AT HOPEWELL VI, INC.

K. HOVNANIAN AT HOWELL TOWNSHIP, INC.

K. HOVNANIAN AT HUDSON POINTE, L.L.C.

K. HOVNANIAN AT JACKSON I, L.L.C.

K. HOVNANIAN AT JACKSON, L.L.C.

K. HOVNANIAN AT JERSEY CITY IV, L.L.C.

K. HOVNANIAN AT JERSEY CITY V URBAN RENEWAL COMPANY,
L.L.C.

K. HOVNANIAN AT KEYPORT, L.L.C.

K. HOVNANIAN AT KING FARM, L.L.C.

K. HOVNANIAN AT KINGS GRANT I, INC.

K. HOVNANIAN AT LA COSTA GREENS, L.L.C.

K. HOVNANIAN AT LA COSTA, LLC

K. HOVNANIAN AT LA HABRA KNOLLS, LLC

K. HOVNANIAN AT LA TERRAZA, INC.

K. HOVNANIAN AT LAFAYETTE ESTATES, L.L.C.

K. HOVNANIAN AT LAKE HILLS, L.L.C.

K. HOVNANIAN AT LAKE RANCHO VIEJO, LLC

K. HOVNANIAN AT LAKE RIDGE CROSSING, L.L.C.

K. HOVNANIAN AT LAKE TERRAPIN, L.L.C.

K. HOVNANIAN AT LAKEWOOD, INC.

K. HOVNANIAN AT LAWRENCE V, L.L.C.

K. HOVNANIAN AT LINWOOD, L.L.C.

K. HOVNANIAN AT LITTLE EGG HARBOR CONTRACTORS, L.L.C.

K. HOVNANIAN AT LITTLE EGG HARBOR III, L.L.C.

K. HOVNANIAN AT LITTLE EGG HARBOR TOWNSHIP II, L.L.C.

K. HOVNANIAN AT LITTLE EGG HARBOR, L.L.C.

K. HOVNANIAN AT LONG BRANCH I, L.L.C.

K. HOVNANIAN AT LOWER MACUNGIE TOWNSHIP I, L.L.C.

K. HOVNANIAN AT LOWER MACUNGIE TOWNSHIP II, L.L.C.

K. HOVNANIAN AT LOWER MAKEFIELD TOWNSHIP I, L.L.C.

K. HOVNANIAN AT LOWER MORELAND I, L.L.C.

K. HOVNANIAN AT LOWER MORELAND II, L.L.C.

K. HOVNANIAN AT LOWER MORELAND III, L.L.C.

K. HOVNANIAN AT LOWER SAUCON, INC.

K. HOVNANIAN AT MACUNGIE, L.L.C.

K. HOVNANIAN AT MAHWAH II, INC.

K. HOVNANIAN AT MAHWAH VI, INC.

K. HOVNANIAN AT MAHWAH VII, INC.

K. HOVNANIAN AT MANALAPAN III, L.L.C.

K. HOVNANIAN AT MANALAPAN, INC.

K. HOVNANIAN AT MANSFIELD I, L.L.C.

K. HOVNANIAN AT MANSFIELD II, L.L.C.

K. HOVNANIAN AT MANSFIELD III, L.L.C.

K. HOVNANIAN AT MAPLE AVENUE, L.L.C.

K. HOVNANIAN AT MARLBORO II, INC.

K. HOVNANIAN AT MARLBORO TOWNSHIP III, INC.

K. HOVNANIAN AT MARLBORO TOWNSHIP IV, INC.

K. HOVNANIAN AT MARLBORO TOWNSHIP IX, L.L.C.

K. HOVNANIAN AT MARLBORO TOWNSHIP V, L.L.C.

K. HOVNANIAN AT MARLBORO TOWNSHIP VIII, L.L.C.

K. HOVNANIAN AT MARLBORO VI, L.L.C.

K. HOVNANIAN AT MARLBORO VII, L.L.C.

K. HOVNANIAN AT MATSU, L.L.C.

K. HOVNANIAN AT MENDHAM TOWNSHIP, L.L.C.

K. HOVNANIAN AT MENIFEE VALLEY CONDOMINIUMS, L.L.C.

K. HOVNANIAN AT MENIFEE, L.L.C.

K. HOVNANIAN AT MIDDLE TOWNSHIP II, L.L.C.

K. HOVNANIAN AT MIDDLE TOWNSHIP, L.L.C.

K. HOVNANIAN AT MIDDLETOWN II, L.L.C.

K. HOVNANIAN AT MIDDLETOWN, L.L.C.

 

28

 

K. HOVNANIAN AT MILLVILLE I, L.L.C.

K. HOVNANIAN AT MILLVILLE II, L.L.C.

K. HOVNANIAN AT MILLVILLE III, L.L.C.

K. HOVNANIAN AT MOCKINGBIRD CANYON, L.L.C.

K. HOVNANIAN AT MONROE II, INC.

K. HOVNANIAN AT MONROE III, L.L.C.

K. HOVNANIAN AT MONROE IV, L.L.C.

K. HOVNANIAN AT MONROE NJ, L.L.C.

K. HOVNANIAN AT MONTGOMERY I, INC.

K. HOVNANIAN AT MONTVALE, L.L.C.

K. HOVNANIAN AT MOSAIC, LLC

K. HOVNANIAN AT MT. OLIVE TOWNSHIP, L.L.C.

K. HOVNANIAN AT NEW BRUNSWICK URBAN RENEWAL, L.L.C.

K. HOVNANIAN AT NEW WINDSOR, L.L.C.

K. HOVNANIAN AT NORTH BERGEN, L.L.C.

K. HOVNANIAN AT NORTH BRUNSWICK VI, L.L.C.

K. HOVNANIAN AT NORTH CALDWELL II, L.L.C.

K. HOVNANIAN AT NORTH CALDWELL III, L.L.C.

K. HOVNANIAN AT NORTH CALDWELL, L.L.C.

K. HOVNANIAN AT NORTH HALEDON, L.L.C.

K. HOVNANIAN AT NORTH WILDWOOD, L.L.C.

K. HOVNANIAN AT NORTHAMPTON, L.L.C.

K. HOVNANIAN AT NORTHERN WESTCHESTER, INC.

K. HOVNANIAN AT NORTHFIELD, L.L.C.

K. HOVNANIAN AT NORTHLAKE, INC.

K. HOVNANIAN AT OCEAN TOWNSHIP, INC.

K. HOVNANIAN AT OCEAN WALK, INC.

K. HOVNANIAN AT OCEANPORT, L.L.C.

K. HOVNANIAN AT OLD BRIDGE, L.L.C.

K. HOVNANIAN AT OLDE ORCHARD, LLC

K. HOVNANIAN AT ORANGE HEIGHTS, L.L.C.

K. HOVNANIAN AT PACIFIC BLUFFS, LLC

K. HOVNANIAN AT PARAMUS, L.L.C.

K. HOVNANIAN AT PARK LANE, LLC

K. HOVNANIAN AT PARSIPPANY-TROY HILLS, L.L.C.

K. HOVNANIAN AT PEAPACK-GLADSTONE, L.L.C.

K. HOVNANIAN AT PERKIOMEN I, INC.

K. HOVNANIAN AT PERKIOMEN II, INC.

K. HOVNANIAN AT PHILADELPHIA II, L.L.C.

K. HOVNANIAN AT PHILADELPHIA III, L.L.C.

K. HOVNANIAN AT PHILADELPHIA IV, L.L.C.

K. HOVNANIAN AT PIAZZA D’ORO,  L.L.C.

K. HOVNANIAN AT PITTSGROVE, L.L.C.

K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL IV, L.L.C.

K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL V, L.L.C.

K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VI, L.L.C.

K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VII,
L.L.C.

K. HOVNANIAN AT PORT IMPERIAL URBAN RENEWAL VIII,
L.L.C.

K. HOVNANIAN AT PRADO, L.L.C.

K. HOVNANIAN AT PRINCETON LANDING, L.L.C.

K. HOVNANIAN AT PRINCETON NJ, L.L.C.

K. HOVNANIAN AT RANCHO CRISTIANITOS, INC.

K. HOVNANIAN AT RANCHO SANTA MARGARITA, LLC

K. HOVNANIAN AT RANDOLPH I, L.L.C.

K. HOVNANIAN AT RAPHO, L.L.C.

K. HOVNANIAN AT READINGTON II, L.L.C.

K. HOVNANIAN AT RED BANK, L.L.C.

K. HOVNANIAN AT RESERVOIR RIDGE, INC.

K. HOVNANIAN AT RIDGEMONT, L.L.C.

K. HOVNANIAN AT RIDGESTONE, L.L.C.

K. HOVNANIAN AT RIVERBEND, LLC

K. HOVNANIAN AT RODERUCK, L.L.C.

 

29

 

K. HOVNANIAN AT ROSEMARY LANTANA, L.L.C.

K. HOVNANIAN AT ROWLAND HEIGHTS, LLC

K. HOVNANIAN AT SAGE, L.L.C.

K. HOVNANIAN AT SAN SEVAINE, INC.

K. HOVNANIAN AT SARATOGA, INC.

K. HOVNANIAN AT SAWMILL, INC.

K. HOVNANIAN AT SAYREVILLE, L.L.C.

K. HOVNANIAN AT SCOTCH PLAINS II, INC.

K. HOVNANIAN AT SCOTCH PLAINS, L.L.C.

K. HOVNANIAN AT SILVER SPRING, L.L.C.

K. HOVNANIAN AT SKYE ISLE, LLC

K. HOVNANIAN AT SMITHVILLE III, L.L.C.

K. HOVNANIAN AT SMITHVILLE, INC.

K. HOVNANIAN AT SOMERS POINT, L.L.C.

K. HOVNANIAN AT SOUTH BRUNSWICK V, INC.

K. HOVNANIAN AT SOUTH BRUNSWICK, L.L.C.

K. HOVNANIAN AT SPARTA, L.L.C.

K. HOVNANIAN AT SPRINGCO, L.L.C.

K. HOVNANIAN AT SPRINGFIELD, L.L.C.

K. HOVNANIAN AT STONE CANYON, INC.

K. HOVNANIAN AT STONY POINT, INC.

K. HOVNANIAN AT SUNSETS, LLC

K. HOVNANIAN AT SYCAMORE, INC.

K. HOVNANIAN AT TANNERY HILL, INC.

K. HOVNANIAN AT TEANECK, L.L.C.

K. HOVNANIAN AT THE BLUFF, INC.

K. HOVNANIAN AT THE CROSBY, LLC

K. HOVNANIAN AT THE GABLES, LLC

K. HOVNANIAN AT THE MONARCH, L.L.C.

K. HOVNANIAN AT THE PRESERVE, L.L.C.

K. HOVNANIAN AT THOMPSON RANCH, LLC

K. HOVNANIAN AT THORNBURY, INC.

K. HOVNANIAN AT TIERRASANTA, INC.

K. HOVNANIAN AT TRAIL RIDGE, LLC

K. HOVNANIAN AT TRENTON URBAN RENEWAL, L.L.C.

K. HOVNANIAN AT TRENTON, L.L.C.

K. HOVNANIAN AT TROVATA, INC.

K. HOVNANIAN AT TUXEDO, INC.

K. HOVNANIAN AT UNION TOWNSHIP I, INC.

K. HOVNANIAN AT UNION TOWNSHIP II, L.L.C.

K. HOVNANIAN AT UPPER FREEHOLD TOWNSHIP I, INC.

K. HOVNANIAN AT UPPER FREEHOLD TOWNSHIP II, L.L.C.

K. HOVNANIAN AT UPPER FREEHOLD TOWNSHIP III, L.L.C.

K. HOVNANIAN AT UPPER MAKEFIELD I, INC.

K. HOVNANIAN AT UPPER UWCHLAN II, L.L.C.

K. HOVNANIAN AT UPPER UWCHLAN, L.L.C.

K. HOVNANIAN AT VAIL RANCH, INC.

K. HOVNANIAN AT VERONA URBAN RENEWAL, L.L.C.

K. HOVNANIAN AT VINELAND, L.L.C.

K. HOVNANIAN AT WALL TOWNSHIP VI, INC.

K. HOVNANIAN AT WALL TOWNSHIP VIII, INC.

K. HOVNANIAN AT WANAQUE, L.L.C.

K. HOVNANIAN AT WARREN TOWNSHIP, L.L.C.

K. HOVNANIAN AT WASHINGTON, L.L.C.

K. HOVNANIAN AT WASHINGTONVILLE, INC.

K. HOVNANIAN AT WAYNE III, INC.

K. HOVNANIAN AT WAYNE IX, L.L.C.

K. HOVNANIAN AT WAYNE V, INC.

K. HOVNANIAN AT WAYNE VIII, L.L.C.

K. HOVNANIAN AT WEST BRADFORD, L.L.C.

K. HOVNANIAN AT WEST MILFORD, L.L.C.

K. HOVNANIAN AT WEST WINDSOR, L.L.C.

 

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K. HOVNANIAN AT WILDROSE, INC.

K. HOVNANIAN AT WILDWOOD BAYSIDE, L.L.C.

K. HOVNANIAN AT WILLOW BROOK, L.L.C.

K. HOVNANIAN AT WINCHESTER, LLC

K. HOVNANIAN AT WOODHILL ESTATES, L.L.C.

K. HOVNANIAN AT WOOLWICH I, L.L.C.

K. HOVNANIAN CAMBRIDGE HOMES, L.L.C.

K. HOVNANIAN CENTRAL ACQUISITIONS, L.L.C.

K. HOVNANIAN CHESTERFIELD INVESTMENT, L.L.C.

K. HOVNANIAN CLASSICS CIP, L.L.C.

K. HOVNANIAN CLASSICS, L.L.C.

K. HOVNANIAN COMMUNITIES, INC.

K. HOVNANIAN COMPANIES METRO D.C. NORTH, L.L.C.

K. HOVNANIAN COMPANIES NORTHEAST, INC.

K. HOVNANIAN COMPANIES OF CALIFORNIA, INC.

K. HOVNANIAN COMPANIES OF MARYLAND, INC.

K. HOVNANIAN COMPANIES OF NEW YORK, INC.

K. HOVNANIAN COMPANIES OF PENNSYLVANIA, INC.

K. HOVNANIAN COMPANIES OF SOUTHERN CALIFORNIA, INC.

K. HOVNANIAN COMPANIES OF VIRGINIA, INC.

K. HOVNANIAN COMPANIES, LLC

K. HOVNANIAN CONNECTICUT ACQUISITIONS, L.L.C.

K. HOVNANIAN CONSTRUCTION II, INC

K. HOVNANIAN CONSTRUCTION III, INC

K. HOVNANIAN CONSTRUCTION MANAGEMENT, INC.

K. HOVNANIAN CRAFTBUILT HOMES OF SOUTH CAROLINA,
L.L.C.

K. HOVNANIAN DELAWARE ACQUISITIONS, L.L.C.

K. HOVNANIAN DEVELOPMENTS OF ARIZONA, INC.

K. HOVNANIAN DEVELOPMENTS OF CALIFORNIA, INC.

K. HOVNANIAN DEVELOPMENTS OF CONNECTICUT, INC.

K. HOVNANIAN DEVELOPMENTS OF D.C., INC.

K. HOVNANIAN DEVELOPMENTS OF DELAWARE, INC.

K. HOVNANIAN DEVELOPMENTS OF GEORGIA, INC.

K. HOVNANIAN DEVELOPMENTS OF ILLINOIS, INC.

K. HOVNANIAN DEVELOPMENTS OF INDIANA, INC.

K. HOVNANIAN DEVELOPMENTS OF KENTUCKY, INC.

K. HOVNANIAN DEVELOPMENTS OF MARYLAND, INC.

K. HOVNANIAN DEVELOPMENTS OF MICHIGAN, INC.

K. HOVNANIAN DEVELOPMENTS OF MINNESOTA, INC.

K. HOVNANIAN DEVELOPMENTS OF NEW JERSEY II, INC.

K. HOVNANIAN DEVELOPMENTS OF NEW JERSEY, INC.

K. HOVNANIAN DEVELOPMENTS OF NEW YORK, INC.

K. HOVNANIAN DEVELOPMENTS OF NORTH CAROLINA, INC.

K. HOVNANIAN DEVELOPMENTS OF OHIO, INC.

K. HOVNANIAN DEVELOPMENTS OF PENNSYLVANIA, INC.

K. HOVNANIAN DEVELOPMENTS OF SOUTH CAROLINA, INC.

K. HOVNANIAN DEVELOPMENTS OF TEXAS, INC.

K. HOVNANIAN DEVELOPMENTS OF VIRGINIA, INC.

K. HOVNANIAN DEVELOPMENTS OF WEST VIRGINIA, INC.

K. HOVNANIAN EASTERN PENNSYLVANIA, L.L.C.

K. HOVNANIAN ENTERPRISES, INC.

K. HOVNANIAN FIRST HOMES, L.L.C.

K. HOVNANIAN FLORIDA REALTY, L.L.C.

K. HOVNANIAN FORECAST HOMES NORTHERN, INC.

K. HOVNANIAN FOUR SEASONS @ HISTORIC VIRGINIA, LLC

K. HOVNANIAN FOUR SEASONS AT GOLD HILL, LLC

K. HOVNANIAN FRANCISCUS HOMES, L.L.C.

K. HOVNANIAN GREAT WESTERN BUILDING COMPANY, LLC

K. HOVNANIAN GREAT WESTERN HOMES, LLC

K. HOVNANIAN HOLDINGS NJ, L.L.C.

K. HOVNANIAN HOMES - DFW, L.L.C.

K. HOVNANIAN HOMES AT BELMONT OVERLOOK, L.L.C.

 

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K. HOVNANIAN HOMES AT CAMERON STATION, LLC

K. HOVNANIAN HOMES AT CAMP SPRINGS, L.L.C.

K. HOVNANIAN HOMES AT CIDER MILL, L.L.C.

K. HOVNANIAN HOMES AT FAIRWOOD, L.L.C.

K. HOVNANIAN HOMES AT FOREST RUN, L.L.C.

K. HOVNANIAN HOMES AT GREENWAY FARM PARK TOWNS, L.L.C.

K. HOVNANIAN HOMES AT GREENWAY FARM, L.L.C.

K. HOVNANIAN HOMES AT JONES STATION 1, L.L.C.

K. HOVNANIAN HOMES AT JONES STATION 2, L.L.C.

K. HOVNANIAN HOMES AT MAXWELL PLACE. L.L.C.

K. HOVNANIAN HOMES AT NASSAU GROVE, L.L.C.

K. HOVNANIAN HOMES AT PAYNE STREET, L.L.C.

K. HOVNANIAN HOMES AT PRIMERA, L.L.C.

K. HOVNANIAN HOMES AT RENAISSANCE PLAZA, L.L.C.

K. HOVNANIAN HOMES AT RUSSETT, L.L.C.

K. HOVNANIAN HOMES AT VICTORIA STATION, L.L.C.

K. HOVNANIAN HOMES OF D.C., L.L.C.

K. HOVNANIAN HOMES OF DELAWARE, L.L.C.

K. HOVNANIAN HOMES OF GEORGIA, L.L.C.

K. HOVNANIAN HOMES OF HOUSTON, L.L.C.

K. HOVNANIAN HOMES OF INDIANA, L.L.C.

K. HOVNANIAN HOMES OF MARYLAND, L.L.C.

K. HOVNANIAN HOMES OF MINNESOTA, L.L.C.

K. HOVNANIAN HOMES OF NORTH CAROLINA, INC.

K. HOVNANIAN HOMES OF PENNSYLVANIA, L.L.C.

K. HOVNANIAN HOMES OF SOUTH CAROLINA, LLC

K. HOVNANIAN HOMES OF VIRGINIA, INC.

K. HOVNANIAN HOMES OF WEST VIRGINIA, L.L.C.

K. HOVNANIAN HUDSON POINTE INVESTMENTS, L.L.C.

K. HOVNANIAN INTERNATIONAL, L.L.C.

K. HOVNANIAN INVESTMENTS II, L.L.C.

K. HOVNANIAN NORTH CENTRAL ACQUISITIONS, L.L.C.

K. HOVNANIAN NORTH JERSEY ACQUISITIONS, L.L.C.

K. HOVNANIAN NORTHEAST SERVICES, L.L.C.

K. HOVNANIAN OF HOUSTON II, L.L.C.

K. HOVNANIAN OHIO REALTY, L.L.C.

K. HOVNANIAN OSTER HOMES, L.L.C.

K. HOVNANIAN PA REAL ESTATE, INC.

K. HOVNANIAN PENNSYLVANIA ACQUISITIONS, L.L.C.

“K. HOVNANIAN POLAND, SP .Z.O.O.

LISTED AS: K. HOVNANIAN POLAND”

K. HOVNANIAN PORT IMPERIAL URBAN RENEWAL, INC.

K. HOVNANIAN PROPERTIES OF NORTH BRUNSWICK V, INC.

K. HOVNANIAN PROPERTIES OF RED BANK, INC.

K. HOVNANIAN SHORE ACQUISITIONS, L.L.C.

K. HOVNANIAN SOUTH JERSEY ACQUISITIONS, L.L.C.

K. HOVNANIAN SOUTHERN NEW JERSEY, L.L.C.

K. HOVNANIAN STANDING ENTITY, L.L.C.

K. HOVNANIAN SUMMIT HOLDINGS, L.L.C.

K. HOVNANIAN SUMMIT HOMES OF KENTUCKY, L.L.C.

K. HOVNANIAN SUMMIT HOMES OF MICHIGAN, L.L.C.

K. HOVNANIAN SUMMIT HOMES OF PENNSYLVANIA, L.L.C.

K. HOVNANIAN SUMMIT HOMES OF WEST VIRGINIA, L.L.C.

K. HOVNANIAN SUMMIT HOMES, L.L.C.

K. HOVNANIAN T&C HOMES AT FLORIDA, L.L.C.

K. HOVNANIAN T&C HOMES AT ILLINOIS, L.L.C.

K. HOVNANIAN T&C HOMES AT MINNESOTA, L.L.C.

K. HOVNANIAN T&C INVESTMENT, L.L.C.

K. HOVNANIAN T&C MANAGEMENT CO., L.L.C.

K. HOVNANIAN VENTURE I, L.L.C.

K. HOVNANIAN WINDWARD HOMES, LLC

K. HOVNANIAN’S FOUR SEASONS AT ASHBURN VILLAGE, L.L.C.

 

32

 

K. HOVNANIAN’S FOUR SEASONS AT BAILEY’S GLENN, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT BAKERSFIELD, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT BEAUMONT, LLC

K. HOVNANIAN’S FOUR SEASONS AT CHARLOTTESVILLE, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT DULLES DISCOVERY
CONDOMINIUM, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT DULLES DISCOVERY,
L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT HAMPTONBURGH, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT HEMET, LLC

K. HOVNANIAN’S FOUR SEASONS AT HUNTFIELD, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT KENT ISLAND
CONDOMINIUMS, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT KENT ISLAND, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT MENIFEE VALLEY, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT NEW KENT VINEYARDS,
L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT OLDE LIBERTY, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT PALM SPRINGS, LLC

K. HOVNANIAN’S FOUR SEASONS AT RENAISSANCE, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT RUSH CREEK, L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT ST. MARGARETS LANDING,
L.L.C.

K. HOVNANIAN’S FOUR SEASONS AT VINT HILL, L.L.C.

K. HOVNANIAN’S FOUR SEASONS, LLC

K. HOVNANIAN’S PARKSIDE AT TOWNGATE, L.L.C.

K. HOVNANIAN’S PRIVATE HOME PORTFOLIO, L.L.C.

KHC ACQUISITION, INC.

KHIP, L.L.C.

LANDARAMA, INC.

M & M AT KENSINGTON WOODS, L.L.C.

M & M AT LONG BRANCH, INC

M&M AT APPLE RIDGE, L.L.C.

M&M AT CHESTERFIELD, L.L.C.

M&M AT COPPER BEECH, L.L.C.

M&M AT CRESCENT COURT, L.L.C.

M&M AT EAST MILL, L.L.C.

M&M AT EAST RUTHERFORD, L.L.C.

M&M AT MORRISTOWN, L.L.C.

M&M AT SHERIDAN, L.L.C.

M&M AT SPINNAKER POINTE, L.L.C.

M&M AT SPRUCE HOLLOW, L.L.C.

M&M AT SPRUCE RUN, L.L.C.

M&M AT STATION SQUARE, L.L.C.

M&M AT TAMARACK HOLLOW, L.L.C.

M&M AT THE CHATEAU, L.L.C.

M&M AT THE HIGHLANDS, L.L.C.

M&M AT UNION, L.L.C.

M&M AT WEST ORANGE, L.L.C.

M&M AT WESTPORT, L.L.C.

M&M AT WHEATENA URBAN RENEWAL, L.L.C.

M&M INVESTMENTS, L.P.

MATZEL & MUMFORD AT EGG HARBOR, L.L.C.

MATZEL & MUMFORD AT MONTGOMERY, L.L.C.

MATZEL & MUMFORD AT SOUTH BOUND BROOK URBAN
RENEWAL, L.L.C.

MCNJ, INC.

MIDWEST BUILDING PRODUCTS & CONTRACTOR
SERVICES OF KENTUCKY, L.L.C.

MIDWEST BUILDING PRODUCTS & CONTRACTOR
SERVICES OF MICHIGAN, L.L.C.

MIDWEST BUILDING PRODUCTS & CONTRACTOR
SERVICES OF PENNSYLVANIA, L.L.C.

MIDWEST BUILDING PRODUCTS & CONTRACTOR
SERVICES OF WEST VIRGINIA, L.L.C.

MIDWEST BUILDING PRODUCTS & CONTRACTOR
SERVICES, L.L.C.

MILLENNIUM TITLE AGENCY, LTD

MMIP, L.L.C.

NATOMAS CENTRAL NEIGHBORHOOD HOUSING, L.L.C.

NEW LAND TITLE AGENCY, L.L.C.

PADDOCKS, L.L.C.

PARK TITLE COMPANY, LLC

 

33

 

PI INVESTMENTS II, L.L.C.

PINE AYR, LLC

RIDGEMORE UTILITY ASSOCIATES OF PENNSYLVANIA, L.L.C.

RIDGEMORE UTILITY L.L.C.

SEABROOK ACCUMULATION CORPORATION

STONEBROOK HOMES, INC.

TERRAPIN REALTY, L.L.C.

THE LANDINGS AT SPINNAKER POINTE, L.L.C.

THE MATZEL & MUMFORD ORGANIZATION, INC

WASHINGTON HOMES AT COLUMBIA TOWN CENTER, L.L.C.

WASHINGTON HOMES, INC.

WESTMINSTER HOMES OF ALABAMA, L.L.C.

WESTMINSTER HOMES OF MISSISSIPPI, LLC

WESTMINSTER HOMES OF TENNESSEE, INC.

WESTMINSTER HOMES, INC.

WH LAND I, INC

WH PROPERTIES, INC.

WH/PR LAND COMPANY, L.L.C.

WOODLAND LAKE CONDOMINIUMS AT BOWIE NEW TOWN, L.L.C.

 

34

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