SEC Contract Filing

Filing Date: 2016-07-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.D
<SEQUENCE>2
<FILENAME>exhibit10d.htm
<DESCRIPTION>EXHIBIT 10.D
<TEXT>
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<div><a name="sf9b51bf5d8ae428f8ff5114a13f64cdb"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PulteGroup, Inc.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">3350 Peachtree Road NE, Suite 150</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Atlanta, Georgia 30326</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">July 20, 2016</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Elliott Associates, L.P.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Elliott International, L.P.</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40 West 57th Street</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">New York, New York 10019</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Ladies and Gentlemen:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This letter agreement (this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) constitutes the agreement between PulteGroup, Inc., a Michigan corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Elliott Associates, L.P., a Delaware limited partnership (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Elliott Associates</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and Elliott International, L.P., a Cayman Islands limited partnership (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Elliott International</font><font style="font-family:inherit;font-size:12pt;">&#8221;), with respect to the matters set forth below. Elliott Associates and Elliott International are referred to herein, each individually, as an &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Elliott Party</font><font style="font-family:inherit;font-size:12pt;">&#8221; and, collectively, as the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Elliott Parties</font><font style="font-family:inherit;font-size:12pt;">&#8221; or &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Elliott</font><font style="font-family:inherit;font-size:12pt;">.&#8221; The Company and the Elliott Parties are referred to herein, each individually, as a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Party</font><font style="font-family:inherit;font-size:12pt;">&#8221; and, collectively, as the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Parties</font><font style="font-family:inherit;font-size:12pt;">.&#8221;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Director Appointments</font><font style="font-family:inherit;font-size:12pt;">. Effective as of the date hereof, the size of the Board of Directors of the Company (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Board</font><font style="font-family:inherit;font-size:12pt;">&#8221;) shall increase to thirteen (13) directors and each of John Peshkin (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Mr. Peshkin</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Josh Gotbaum (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Mr. Gotbaum</font><font style="font-family:inherit;font-size:12pt;">&#8221; or the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-deco