2011 Non-Qualified Stock Option Agreement Sample Contracts

AMENDMENT TO 2011 NON-QUALIFIED STOCK OPTION AGREEMENT
2011 Non-Qualified Stock Option Agreement • June 8th, 2012 • Hovnanian Enterprises Inc • Operative builders

THIS AMENDMENT TO 2011 NON-QUALIFIED STOCK OPTION AGREEMENT (this “Amendment”) is made as of this 10th day of February 2012, between Hovnanian Enterprises, Inc., a Delaware corporation (the “Company”) and Ara Hovnanian (the “Participant” and, together with the Company, the “Parties”).

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