0001572684-13-000013 Sample Contracts

AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF UCP, LLC
Limited Liability Company Operating Agreement • May 21st, 2013 • UCP, Inc. • Operative builders • Delaware

THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of UCP, LLC (the “Company”) is made and entered into as of this 21st day of July 2008, by PICO Holdings, Inc., a California corporation, as the sole member (the “Original Member” and any person or entity that from time to time is the sole member of the Company, a “Member”). This Agreement replaces and supersedes the Company's January 20, 2008 Operating Agreement with PICO Holdings, Inc.

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EMPLOYMENT AGREEMENT
Employment Agreement • May 21st, 2013 • UCP, Inc. • Operative builders • California

THIS EMPLOYMENT AGREEMENT (the “Agreement”) between UCP, Inc., a Delaware corporation (the “Company”), and William J. La Herran (the “Executive”) is entered into as of _________ __, 2013 (the “Effective Date”). In consideration of the covenants contained herein, the parties agree as follows:

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • May 21st, 2013 • UCP, Inc. • Operative builders • Delaware

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is dated , 2013 and is by and among UCP, Inc., a Delaware corporation (the “Company”), and PICO Holdings, Inc. (“PICO”), a Delaware corporation.

INDEMNITY AGREEMENT
Indemnification Agreement • May 21st, 2013 • UCP, Inc. • Operative builders • Delaware

This Indemnity Agreement is made and entered into as of , 2013 by and between UCP, Inc., a Delaware corporation (the "Corporation"), and (the "Indemnitee").

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