DIRECTOR NOMINATION AGREEMENT February 9, 2015Director Nomination Agreement • February 9th, 2015 • Forestar Group Inc. • Real estate • Delaware
This Director Nomination Agreement, dated as of February 9, 2015 (this “Agreement”), is by and between (i) Forestar Group Inc., a Delaware corporation (the “Company”) and (ii) SpringOwl Associates LLC (together with its Affiliates, “SOA”) and Cove Street Capital, LLC (together with its Affiliates, “Cove Street” and, collectively with SOA, the “Investors”). The Investors and the Company shall collectively be referred to herein as the “Parties.” In consideration of, and reliance upon, the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
