0001104659-03-025168 Sample Contracts

K. HOVNANIAN ENTERPRISES, INC. HOVNANIAN ENTERPRISES, INC. AND THE OTHER GUARANTORS PARTY HERETO 6½% Senior Notes due 2014 First Supplemental Indenture Dated as of November 3, 2003 WACHOVIA BANK, NATIONAL ASSOCIATION, as Trustee
Indenture • November 7th, 2003 • Hovnanian Enterprises Inc • Operative builders • New York

FIRST SUPPLEMENTAL INDENTURE dated as of November 3, 2003 (“Supplemental Indenture”) to the Indenture dated as of November 3, 2003 (the “Base Indenture” and as supplemented by this Supplemental Indenture, the “Indenture”), by and among K. HOVNANIAN ENTERPRISES, INC., a California corporation (the “Issuer”), HOVNANIAN ENTERPRISES, INC., a Delaware Corporation (“Hovnanian”), each of the Guarantors (as defined herein) and WACHOVIA BANK, NATIONAL ASSOCIATION, as trustee (the “Trustee”).

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