EXHIBIT 10.2 SEVERANCE AGREEMENT THIS AGREEMENT, dated as of September __ , 1998, is made by and between The Presley Companies, a Delaware corporation (the "Company"), and _______________ (the "Employee"). WHEREAS, the Board of Directors (the "Board")...Severance Agreement • November 13th, 1998 • Presley Companies /De • Operative builders • California
1 EXHIBIT 10.1 FIFTH AMENDED AND RESTATED LOAN AGREEMENT Dated as of July 6, 1998Loan Agreement • August 13th, 1998 • Presley Companies /De • Operative builders • California
SIXTH AMENDMENT TO FOURTH AMENDED AND RESTATED LOAN AGREEMENTLoan Agreement • August 14th, 1997 • Presley Companies /De • Operative builders
2- 3 7. No Mitigation. The Company agrees that, if the Employee's employment with the Company terminates during the Term, the Employee is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Employee by...Severance Agreement • October 7th, 1999 • Presley Companies /De • Operative builders • California
MODIFICATION TO MASTER CREDIT AGREEMENTMaster Credit Agreement • November 13th, 1998 • Presley Companies /De • Operative builders • California
May 3, 1999Agreement in Principle • May 6th, 1999 • Presley Companies /De • Operative builders
July 15, 1999 The Presley Companies 19 Corporate Plaza Newport Beach, California 92660 Attention: General James Dalton Chairman, Special Committee of the Board of Directors Re: EXTENSION OF REVISED AGREEMENT IN PRINCIPLE CONCERNING THE PRESLEY...Revised Agreement in Principle • July 20th, 1999 • Presley Companies /De • Operative builders
THE PRESLEY COMPANIES LETTERHEAD EXHIBIT 3 Dear Stockholders: On behalf of The Presley Companies ("Presley"), I am pleased to inform you that on October 7, 1999, Presley and its wholly-owned subsidiary, Presley Homes entered into a definitive Purchase...Purchase Agreement • October 7th, 1999 • Presley Companies /De • Operative builders
1 2 NOW, THEREFORE, in consideration of the foregoing Recitals, the mutual covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree...Master Credit Agreement and Secured Promissory Note • November 13th, 1996 • Presley Companies /De • Operative builders • California
1 EXHIBIT 10.1 NOTICE OF EXERCISE OF OPTION FOR EXTENSION OF TERMINATION DATE April 18, 1997 Foothill Capital Corporation, as Agent for the Lenders under that certain Fourth Amended and Restated Loan Agreement dated as of March 25, 1994, (as amended,...Loan Agreement • May 15th, 1997 • Presley Companies /De • Operative builders
