0001047469-13-006476 Sample Contracts

AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • Florida

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the 15th day of April, 2013 (the “Effective Date”), by and between Watermark Realty, Inc. (the “Employer”) , its parent WCI Communities , LLC, a Delaware limited liability company, and WCI Communities, Inc., a Delaware corporation (“WCI Communities, Inc.”), (collectively the Employer, WCI Communities, Inc. and WCI Communities, LLC, the “Company”) and Reinaldo Mesa (the “Executive”), and replaces in its entirety the Severance and Nonsolicitation Agreement between Employer and Executive dated March 19, 2007, as amended August 10, 2007 (“Former Employment Agreement”).

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SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • Florida

THIS SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the sixteenth (16th) day of August, 2012 (the “Effective Date”), by and between WCI Communities Management, LLC, a Delaware limited liability company (the “Employer”), its parent WCI Communities, Inc., a Delaware corporation (“Parent”), WCI Communities, LLC, a Delaware limited liability company (collectively with the Employer and Parent, the “Company”) and Vivien Hastings (the “Executive”), and replaces in its entirety the Amended and Restated Employment Agreement between Employer and Executive dated October 20, 2011 (“Former Employment Agreement”).

FIRST AMENDMENT TO LETTER OF CREDIT AGREEMENT
Letter of Credit Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • New York

This First Amendment to Letter of Credit Agreement (this “Amendment”) made effective as of November 21, 2011, the (the “Effective Date”), is between BANK OF AMERICA, N.A., a national banking association (“Bank”) and WCI Communities, LLC, a Delaware limited liability company (“WCI”).

THIRD AMENDMENT TO LETTER OF CREDIT AGREEMENT
Letter of Credit Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • New York

This Third Amendment to Letter of Credit Agreement (this “Amendment”) made effective as of November 30, 2012, (the “Effective Date”), is between BANK OF AMERICA, N.A., a national banking association (“Bank”) and WCI COMMUNITIES, LLC, a Delaware limited liability company (“WCI”).

WCI COMMUNITIES, INC. LONG -TERM EQUITY INCENTIVE PLAN EMPLOYEE RESTRICTED STOCK AGREEMENT
Employee Restricted Stock Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • Delaware

THIS AGREEMENT (“Agreement”) made as of the day of March, 2010 (the “Grant Date”), between WCI Communities, Inc., a Delaware corporation (“WCI” or the “Company”), and (“Participant”). Capitalized terms not defined herein shall have the meaning ascribed thereto in the WCI Communities, Inc. Long-Term Equity Incentive Plan (the “Plan”).

April 25, 2013 Wilmington Trust, National Association As Administrative Agent and Collateral Agent
Note Purchase Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders
WCI COMMUNITIES, INC. LTIP AWARD AGREEMENT
Ltip Award Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • Florida

THIS LTIP AWARD AGREEMENT (this “Agreement”), is made and effective as of this day of , (the “Date of Grant”), by and between WCI Communities, Inc., WCI Communities Management, LLC, and WCI Communities, LLC, (collectively, “WCI”), and (the “Participant”).

WCI COMMUNITIES, INC. LONG -TERM EQUITY INCENTIVE PLAN DIRECTORS RESTRICTED STOCK AGREEMENT
Directors Restricted Stock Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • Delaware

THIS AGREEMENT made as of the day of April, 2010 (the “Grant Date”), between WCI Communities, Inc., a Delaware corporation (“WCI”), and (“Participant”). Capitalized terms not defined herein shall have the meaning ascribed thereto in the WCI Communities, Inc. Long-Term Equity Incentive Plan (as amended to date, the “Plan”).

WCI COMMUNITIES, INC. LONG -TERM EQUITY INCENTIVE PLAN EMPLOYEE NON-QUALIFIED STOCK OPTION AGREEMENT
Employee Non-Qualified Stock Option Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • Delaware

THIS AGREEMENT (“Agreement”) made effective as of the 30th day of November , 2012 (the “Grant Date”), between WCI Communities, Inc., a Delaware corporation (“WCI”) and Keith E. Bass (“Participant”). Capitalized terms not defined herein shall have the meaning ascribed thereto in the WCI Communities, Inc. Long-Term Equity Incentive Plan, as amended (the “Plan”).

WCI COMMUNITIES, INC. LTIP AWARD AGREEMENT
Ltip Award Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • Florida

THIS LTIP AWARD AGREEMENT (this “Agreement”), is made and effective as of this day of , 20 , (the “Date of Grant”), by and between WCI Communities, Inc., WCI Communities Management, LLC, and WCI Communities, LLC, (collectively, “WCI”), and (the “Participant”).

AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders

THIS AMENDMENT TO LEASE AGREEMENT (“Amendment”) is made and entered into this 11th day of June, 2012, by and between WALDEN CENTER LP, a Delaware limited partnership (“Landlord”), and WCI COMMUNITIES LLC, a Delaware limited liability company (“Tenant”).

THIRD AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders

THIS THIRD AMENDMENT TO LEASE AGREEMENT (“Amendment”) is made and entered into this 11th day of April, 2013, by and between WALDEN CENTER LP, a Delaware limited partnership (“Landlord”), and WCI COMMUNITIES LLC, a Delaware limited liability company (“Tenant”).

SECOND AMENDMENT TO LETTER OF CREDIT AGREEMENT
Letter of Credit Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • New York

This Second Amendment to Letter of Credit Agreement (this “Amendment”) made effective as of July 1, 2012, (the “Effective Date”), is between BANK OF AMERICA, N.A., a national banking association (“Bank”) and WCI COMMUNITIES, LLC, a Delaware limited liability company (“WCI”).

SECOND AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders

THIS SECOND AMENDMENT TO LEASE AGREEMENT (“Amendment”) is made and entered into this 11th day of April, 2013, by and between WALDEN CENTER LP, a Delaware limited partnership (“Landlord”), and WCI COMMUNITIES LLC, a Delaware limited liability company (“Tenant”).

November 20, 2012 Wilmington Trust, National Association As Administrative Agent and Collateral Agent
Note Purchase Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders
LOAN AGREEMENT
Loan Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • Florida

THIS LOAN AGREEMENT (the “Agreement”) effective as of February 28, 2013 (“Effective Date”), by and between STONEGATE BANK (“Lender” or “Bank”), and WCI COMMUNITIES, INC., a Delaware corporation (“Inc”) and WCI COMMUNITIES, LLC, a Delaware limited liability company (“LLC”) (jointly and severally, the “Borrower”).

LETTER OF CREDIT AGREEMENT
Letter of Credit Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders • New York

This Letter of Credit Agreement (this “Agreement”) is made as of January 19, 2010, by and between WCI Communities, LLC, a Delaware limited liability company (“WCI”), and Bank of America, N.A. (“Bank”).

SEPARATION AGREEMENT
Separation Agreement • May 24th, 2013 • WCI Communities, Inc. • Operative builders

SEPARATION AGREEMENT (the “Agreement”), dated as of November 30, 2012 between WCI Communities Management, LLC, on behalf of itself and WCI Communities, Inc and WCI Communities, LLC (collectively, the “Company”), and David Fry (“Executive”).

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