MANAGEMENT AGREEMENTManagement Agreement • April 1st, 2009 • Hovnanian Enterprises Inc • Operative builders
Agreement made this 15th day of December 1985, by and between Claire Road Associates, a New Jersey limited partnership (the “Owner”), and K. Hovnanian Investment Properties, Inc., a New Jersey corporation (the “Manager”), each having an address of 10 Highway 35, P.O. Box 500, Red Bank, New Jersey 07701.
ContractRegistration Rights Agreement • April 1st, 2009 • Hovnanian Enterprises Inc • Operative builders • New York
This Agreement is made pursuant to the Dealer Managers Agreement, dated October 27, 2008 (the “Dealer Managers Agreement”), by and among the Company, the Guarantors party thereto and Lazard Frères & Co. LLC, Alvarez & Marsal Securities, LLC and Credit Suisse Securities (USA) LLC, as dealer managers. In connection with the Dealer Managers Agreement and the Senior Notes Exchange Offer, 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 Dealer Managers set forth in Section 10(k) of the Dealer Managers Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Indenture, dated as of December 3, 2008, among the Company, the Guarantors and Wilmington Trust Company, a Delaware banking corporation, as trustee (the “Trustee”), relating to the Notes and the Exchange Notes (as defined below) (the “Indenture”).
