0001299933-10-003224 Sample Contracts

RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • August 30th, 2010 • Avatar Holdings Inc • Operative builders • Delaware

This RESTRICTED STOCK UNIT AGREEMENT (“Agreement”), dated August 25, 2010 (the “Effective Date”), by and between Avatar Holdings Inc., a Delaware corporation (the “Company”) and Patricia Kimball Fletcher (the “Participant”).

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SECOND AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • August 30th, 2010 • Avatar Holdings Inc • Operative builders

This SECOND AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Second Amendment”) is made as of August 25, 2010 , by and between Avatar Holdings Inc., a Delaware corporation (the “Company”), and Patricia Kimball Fletcher (the “Employee”).

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