Stanley-Martin Communities, LLC Sample Contracts

AMENDMENT TO OPERATING AGREEMENT OF BRAM III NEIGHBORHOODS, LLC
Operating Agreement • December 20th, 2005 • Stanley-Martin Communities, LLC
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and
Purchase Agreement • December 20th, 2005 • Stanley-Martin Communities, LLC • New York
Among
Loan Agreement • December 20th, 2005 • Stanley-Martin Communities, LLC • Virginia
RECITALS
Limited Liability Company Operating Agreement • December 20th, 2005 • Stanley-Martin Communities, LLC • Virginia
WITNESSETH:
Real Estate Contract • December 20th, 2005 • Stanley-Martin Communities, LLC • West Virginia
RECITALS:
Contract of Sale • December 20th, 2005 • Stanley-Martin Communities, LLC • Virginia
RECITALS:
Long Term Incentive Compensation Agreement • December 20th, 2005 • Stanley-Martin Communities, LLC
FIRST AMENDMENT TO LOT PURCHASE AGREEMENT (VILLAGE LOTS)
Lot Purchase Agreement • December 20th, 2005 • Stanley-Martin Communities, LLC
LOT PURCHASE AGREEMENT (VILLAGE LOTS)
Lot Purchase Agreement • December 20th, 2005 • Stanley-Martin Communities, LLC • Virginia
AVALON WEST NEIGHBORHOODS, LLC LIMITED LIABILITY COMPANY OPERATING AGREEMENT
Limited Liability Company Operating Agreement • March 27th, 2007 • Stanley-Martin Communities, LLC • Operative builders • Maryland

THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) is made and entered into as of the 16th day of January, 2007, by Neighborhoods Capital, LLC (the sole “Member”).

RECITALS:
Contract of Sale • December 20th, 2005 • Stanley-Martin Communities, LLC • Virginia
LONG TERM INCENTIVE COMPENSATION PLAN AND AGREEMENT WITH DAVID W. DUGGAR
Long Term Incentive Compensation Agreement • March 27th, 2007 • Stanley-Martin Communities, LLC • Operative builders

THIS LONG TERM INCENTIVE COMPENSATION PLAN AND AGREEMENT (this “Agreement”) is made this 2nd day of November, 2006, by and between STANLEY MARTIN COMPANIES, INC., a Maryland corporation (the “Company”), and David W. Duggar, an employee of the Company (“Participant”).

ASSIGNMENT AND ASSUMPTION OF LOT PURCHASE AGREEMENT (VILLAGE LOTS)
Assignment and Assumption of Lot Purchase Agreement • December 20th, 2005 • Stanley-Martin Communities, LLC
RECITALS:
Long Term Incentive Compensation Plan • December 20th, 2005 • Stanley-Martin Communities, LLC
LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF STANLEY-MARTIN CUSTOM HOMES, LLC
Operating Agreement • May 11th, 2007 • Stanley-Martin Communities, LLC • Operative builders • Virginia

THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) is made and entered into as of the day of January, 2007, by Stanley-Martin Communities, LLC (the sole “Member”).

ASSIGNMENT AND CONTRIBUTION AGREEMENT
Assignment and Contribution Agreement • March 27th, 2007 • Stanley-Martin Communities, LLC • Operative builders • Virginia

THIS ASSIGNMENT AND CONTRIBUTION AGREEMENT is made this 20th day of September, 2006 by and among each of the undersigned parties.

FIFTH MODIFICATION AGREEMENT
Modification Agreement • July 11th, 2007 • Stanley-Martin Communities, LLC • Operative builders • Virginia

THIS FIFTH MODIFICATION AGREEMENT (this “Modification”), dated as of the 29th day of June, 2007, by and among NEIGHBORHOODS CAPITAL, LLC, a Virginia limited liability company (“Capital”), the limited liability companies identified above their executions hereof as Borrowers or Guarantors (Capital and each of the Borrowers and Guarantors, individually, an “Obligor”, and collectively, the “Obligors”); the parties identified above their executions hereof as Lenders and other Lenders who may become a party to the Agreement (as hereinafter defined) (each, a “Lender” and, collectively, the “Lenders”) and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association, as a Lender, as Agent for the Lenders and as Issuing Lender.

FOURTH MODIFICATION AGREEMENT
Modification Agreement • November 30th, 2006 • Stanley-Martin Communities, LLC • Operative builders • Virginia

THIS FOURTH MODIFICATION AGREEMENT (this “Modification”), dated as of the 20th of November, 2006, by and among NEIGHBORHOODS CAPITAL, LLC, a Virginia limited liability company (“Capital”), the limited liability companies identified above their executions hereof as Borrowers or Guarantors (Capital and each of the Borrowers and Guarantors, individually, an “Obligor”, and collectively, the “Obligors”); the parties identified above their executions hereof as Lenders and other Lenders who may become a party to the Agreement (as hereinafter defined) (each, a “Lender” and, collectively, the “Lenders”) and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association, as a Lender, as Agent for the Lenders and as Issuing Lender.

THIRD MODIFICATION AGREEMENT
Modification Agreement • November 13th, 2006 • Stanley-Martin Communities, LLC • Operative builders • Virginia

THIS THIRD MODIFICATION AGREEMENT (this “Modification”), dated as of this 5th of October, 2006, by and among NEIGHBORHOODS CAPITAL, LLC, a Virginia limited liability company, the limited liability companies identified above their executions hereof as Borrowers or Guarantors (Capital and each of the Borrowers and Guarantors, individually, an “Obligor”, and collectively, the “Obligors”); the parties identified above their executions hereof as Lenders and other Lenders who may become a party to the Agreement (as hereinafter defined) (each, a “Lender” and, collectively, the “Lenders”) and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association, as a Lender, as Agent for the Lenders and as Issuing Lender.

SECOND MODIFIED AND RESTATED LOAN AGREEMENT Among NEIGHBORHOODS CAPITAL, LLC and certain affiliated limited liability companies (collectively, the “Obligors”), The Lenders Who Are or May Become a Party To This Agreement (collectively, the “Lenders”),...
Loan Agreement • October 17th, 2007 • Stanley-Martin Communities, LLC • Operative builders • Virginia

THIS SECOND MODIFIED AND RESTATED LOAN AGREEMENT (this “Agreement”) is dated as of October 12, 2007, by and among NEIGHBORHOODS CAPITAL, LLC, a Virginia limited liability company (“Capital”), BRAM NEIGHBORHOODS, LLC, a Virginia limited liability company, GLENKIRK NEIGHBORHOODS, LLC, a Virginia limited liability company, GLYNN TARRA ESTATES, LLC, a Virginia limited liability company, NEIGHBORHOODS I, L.L.C., a Virginia limited liability company, NEIGHBORHOODS II, LLC, a Virginia limited liability company, NEIGHBORHOODS III, LLC, a Virginia limited liability company, NEIGHBORHOODS IV, LLC, a Virginia limited liability company, COLES RUN NEIGHBORHOODS, LLC, a Virginia limited liability company, and ZION NEIGHBORHOODS, LLC, a Virginia limited liability company (Capital and each of the other entities named, individually, an “Initial Borrower” and Capital and each of the other entities named, collectively, the “Initial Borrowers”); WALL NEIGHBORHOODS, LLC, a Virginia limited liability compan

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RECITALS:
Long Term Incentive Compensation Plan and Agreement • December 20th, 2005 • Stanley-Martin Communities, LLC
LOT PURCHASE AGREEMENT
Lot Purchase Agreement • November 13th, 2008 • Stanley-Martin Communities, LLC • Operative builders • Virginia

THIS LOT PURCHASE AGREEMENT (“Agreement”) is made and entered into effective on the last date entered beside a signature at the end of this Agreement (the “Effective Date”), by and between POWELL’S LANDING LLC, a Virginia limited liability company (“Seller”); and POWELL’S NEIGHBORHOODS II, L.L.C., a Virginia limited liability company (“Purchaser”).

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