0001574596-15-000102 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 6th, 2015 • New Home Co Inc. • Operative builders • California

THIS EMPLOYMENT AGREEMENT (the “Agreement”) between The New Home Company Inc., a Delaware corporation (the “Company”), and John Stephens (“Executive”) is entered into as of May 29, 2015, effective as of June 26, 2015 (the “Effective Date”). In consideration of the covenants contained herein, the parties agree as follows:

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THIRD MODIFICATION AGREEMENT
Modification Agreement • August 6th, 2015 • New Home Co Inc. • Operative builders • California

This Third Modification Agreement (“Agreement”) is made as of July 22, 2015, by and between THE NEW HOME COMPANY INC., a Delaware corporation (“Borrower”), and U.S. BANK NATIONAL ASSOCIATION D/B/A HOUSING CAPITAL COMPANY, in its capacity as Administrative Agent (the “Administrative Agent”), for the benefit of Lenders under the Credit Agreement described below, LC Issuer, Swing Line Lender and a Lender.

SECOND MODIFICATION AGREEMENT
Modification Agreement • August 6th, 2015 • New Home Co Inc. • Operative builders • California

This Second Modification Agreement (“Agreement”) is made as of May 7, 2015, by and between THE NEW HOME COMPANY INC., a Delaware corporation (“Borrower”), and U.S. BANK NATIONAL ASSOCIATION D/B/A HOUSING CAPITAL COMPANY, in its capacity as Administrative Agent (the “Administrative Agent”), for the benefit of Lenders under the Credit Agreement described below, LC Issuer, Swing Line Lender and a Lender.

RESTATED CONSULTING AGREEMENT
Consulting Agreement • August 6th, 2015 • New Home Co Inc. • Operative builders • California

THIS RESTATED CONSULTING AGREEMENT (the “Agreement”) is made and entered into as of June 18, 2015 by and among The New Home Company Inc. (the “Company”), Mendocino Group, Inc. (“Consultant”) and solely with respect to Sections 1, 3(b), 4, 6(c), 7 - 12, 14, 15 and 17 hereof, Joseph Davis (“Davis”).

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • August 6th, 2015 • New Home Co Inc. • Operative builders

THIS AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”), is entered into as of May 29, 2015, by and between The New Home Company Inc., a Delaware corporation (the “Company”) and Wayne Stelmar (“Executive”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Employment Agreement (as defined below).

MODIFICATION AGREEMENT
Modification Agreement • August 6th, 2015 • New Home Co Inc. • Operative builders • California

This Modification Agreement ("Agreement") is made as of December 3, 2074, by and between THE NEW HOME COMPANY INC., a Delaware corporation ("Borrower"), and U.S.BANK NATIONAL ASSOCIATION D/B/A HOUSING CAPITAL COMPANY, in its capacity as Administrative Agent (the "Administrative Agent'), for the benefit of Lenders under the Credit Agreement described below, LC Issuer, Swing Line Lender and a Lender.

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