0001104659-09-034577 Sample Contracts

AMENDMENT TO RIGHTS AGREEMENT
Rights Agreement • May 22nd, 2009 • Ryland Group Inc • Operative builders • Maryland

This Amendment to the Rights Agreement (this “Amendment”) between The Ryland Group, Inc., a Maryland corporation (the “Company”), and American Stock Transfer & Trust Company, LLC (the “Rights Agent”), is effective this 18th day of May, 2009.

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