0000950133-04-004701 Sample Contracts

OPERATING AGREEMENT OF A DELAWARE LIMITED LIABILITY COMPANY
Operating Agreement • December 20th, 2004 • Ryland Group Inc • Operative builders • Delaware

This Operating Agreement (the “Agreement”) is made effective as of, by and among and those Persons (the “Members”) identified in Exhibit A.

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RH OF TEXAS LIMITED PARTNERSHIP AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
Ryland Group Inc • December 20th, 2004 • Operative builders

This Amended and Restated Agreement of Limited Partnership of Scott Felder Limited Partnership (hereinafter referred to as “this Agreement”) is made and entered into as of the 19th day of November, 1998, by and among Ryland Homes of Texas, Inc. (“RHTX”), a Texas corporation (“General Partner”), Ryland Homes Investment - Texas, Inc. (“RHIT”), a Maryland corporation, and The Ryland Group, Inc. (“TRG”), a Maryland corporation, as Limited Partners.

OPERATING AGREEMENT OF RH AT EMORY GROVE, LLC, a Maryland limited liability company December 6, 2002
Operating Agreement • December 20th, 2004 • Ryland Group Inc • Operative builders • Maryland

THIS OPERATING AGREEMENT OF RH AT EMORY GROVE, LLC, a Maryland limited liability company, is adopted effective as of the date set forth above by the undersigned Members of the Company.

LIMITED PARTNERSHIP AGREEMENT RH of Indiana, L.P.
Limited Partnership Agreement • December 20th, 2004 • Ryland Group Inc • Operative builders • Indiana

THIS LIMITED PARTNERSHIP AGREEMENT (hereinafter referred to as this “Agreement”) made this 31st day of December, 1995 by and among RH Builders of Indiana, Inc., an Indiana corporation (“General Partner”) as general partner and RH Investment of Indiana, Inc., an Indiana corporation (“RHII”) and The Ryland Group, Inc., a Maryland corporation (“TRG”) as limited partners.

OPERATING AGREEMENT OF
Operating Agreement • December 20th, 2004 • Ryland Group Inc • Operative builders • Maryland

THIS AMENDED AND RESTATED OPERATING AGREEMENT (this “Agreement”) is made and entered into this day of , 20 , by and between , a , and , a (individually, “Member”; collectively, the “Members”)

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