0001104659-06-041986 Sample Contracts

K. HOVNANIAN ENTERPRISES, INC. HOVNANIAN ENTERPRISES, INC. AND THE OTHER GUARANTORS PARTY HERETO 85¤8% Senior Notes due 2017 Seventh Supplemental Indenture Dated as of June 12, 2006 U.S. BANK NATIONAL ASSOCIATION, as Trustee
Hovnanian Enterprises Inc • June 15th, 2006 • Operative builders • New York

SEVENTH SUPPLEMENTAL INDENTURE dated as of June 12, 2006 (“Supplemental 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 U.S. BANK NATIONAL ASSOCIATION, as trustee (the “Trustee”), supplementing the Indenture dated as of November 3, 2003 by and among the Issuer, Hovnanian and Wachovia Bank, National Association (the “Base Indenture” and as supplemented by a First Supplemental Indenture thereto, dated as of November 3, 2003, a Second Supplemental Indenture thereto, dated as of March 18, 2004, a Third Supplemental Indenture thereto, dated as of July 15, 2004, a Fourth Supplemental Indenture thereto, dated as of April 19, 2005, a Fifth Supplemental Indenture thereto, dated as of September 6, 2005, a Sixth Supplemental Indenture thereto, dated as of February 27, 2006, and this Supplemental Indenture, the “Indenture”).

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