MASTER TRANSACTION AGREEMENT among AVATAR PROPERTIES INC. (the “Purchaser”) TERRA WEST COMMUNITIES LLC JEN JCH, LLC JOSEPH CARL MULAC III STEPHEN ADAMS SUN TERRA COMMUNITIES LLC (collectively, the “Sellers”) and AVATAR HOLDINGS INC. (solely for...Master Transaction Agreement • March 16th, 2011 • Avatar Holdings Inc • Operative builders • New York
EARNOUT AGREEMENTEarnout Agreement • March 16th, 2011 • Avatar Holdings Inc • Operative builders • New York
THIS EARNOUT AGREEMENT (this “Agreement”) is entered into as of October 25, 2010, by and among Avatar Holdings Inc. (the “Issuer”), Avatar Properties Inc., a wholly owned subsidiary of the Issuer (the “Purchaser”), JEN I, L.P., a Delaware limited partnership and Jen Residential LP, a Delaware limited partnership (collectively, the “Recipients”, and collectively with the Issuer and the Purchaser, the “Parties”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Master Transaction Agreement.
REGISTRATION RIGHTS AGREEMENT BY AND AMONG AVATAR HOLDINGS INC. JEN I, L.P., JEN RESIDENTIAL LP AND THE OTHER SHAREHOLDERS FROM TIME TO TIME PARTY HERETO Dated as of October 25, 2010Registration Rights Agreement • March 16th, 2011 • Avatar Holdings Inc • Operative builders • New York
THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of October 25, 2010, among Avatar Holdings Inc., a Delaware Corporation (the “Company”), JEN I, L.P. (“JEN I”) and JEN Residential LP (“JEN Res”).
October 25, 2010 JEN I, L.P. c/o JEN Partners, LLC 551 Madison Avenue Suite 300 New York, NY 10022 Attn: Reuben Leibowitz JEN Residential LP c/o JEN Partners, LLC 551 Madison Avenue Suite 300 New York, NY 10022 Attn: Reuben LeibowitzAvatar Holdings Inc • March 16th, 2011 • Operative builders • New York
Reference is hereby made to that certain Master Transaction Agreement, dated as of October 25, 2010, by and among Avatar Holdings, Inc. (“Avatar”), Avatar Properties Inc. (“API”), JEN Partners LLC (“JEN”) and the seller parties thereto (the “Sellers”) (the “Master Agreement”). Capitalized terms used and not defined herein shall have the respective meaning ascribed to them in the Master Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • March 16th, 2011 • Avatar Holdings Inc • Operative builders • New York
This Employment Agreement (this “Agreement”) is dated as of October 22, 2010, and is made by and among Avatar Holdings Inc. (“Avatar”), Avatar Properties Inc., a wholly owned subsidiary of Avatar (the “Company”), and Carl Mulac (“Executive”).
EMPLOYMENT AGREEMENTEmployment Agreement • March 16th, 2011 • Avatar Holdings Inc • Operative builders • New York
This Employment Agreement (this “Agreement”) is dated as of October 19, 2010, and is made by and between Avatar Holdings Inc. (the “Company”), and Jon Donnell (“Executive”).
SEPARATION AGREEMENTSeparation Agreement • March 16th, 2011 • Avatar Holdings Inc • Operative builders • New York
THIS SEPARATION AGREEMENT (this “Agreement”) is entered into on October 19, 2010, by and between Avatar Holdings Inc., a Delaware corporation (the “Company”) and Gerald D. Kelfer (the “Executive”).
