Ucp Inc. – Contract (May 12th, 2014)

INVESTOR RIGHTS AGREEMENT (this "Agreement"), dated as of July 23, 2013, among UCP, Inc. a Delaware corporation (the "Company"), and PICO Holdings, Inc., a California corporation ("PICO") and the sole stockholder of the Company, Dustin L. Bogue, James W. Fletcher and William J. La Herran (each a "Holder" and collectively, the "Holders").

Ucp Inc. – Employment Agreement (May 12th, 2014)

THIS EMPLOYMENT AGREEMENT (the "Agreement") between UCP, Inc., a Delaware corporation (the "Company"), and James W. Fletcher (the "Executive") is entered into as of July 23, 2013 (the "Effective Date"). In consideration of the covenants contained herein, the parties agree as follows:

Ucp Inc. – Employment Agreement (September 3rd, 2013)

THIS EMPLOYMENT AGREEMENT (the "Agreement") between UCP, Inc., a Delaware corporation (the "Company"), and James W. Fletcher (the "Executive") is entered into as of July 23, 2013 (the "Effective Date"). In consideration of the covenants contained herein, the parties agree as follows:

Ucp Inc. – Contract (June 14th, 2013)

INVESTOR RIGHTS AGREEMENT (this "Agreement"), dated as of , 2013, among UCP, Inc. a Delaware corporation (the "Company"), and PICO Holdings, Inc., a California corporation ("PICO") and the sole stockholder of the Company, Dustin L. Bogue, James W. Fletcher and William J. La Herran (each a "Holder" and collectively, the "Holders").

Ucp Inc. – Employment Agreement (May 21st, 2013)

THIS EMPLOYMENT AGREEMENT (the "Agreement") between UCP, Inc., a Delaware corporation (the "Company"), and James W. Fletcher (the "Executive") is entered into as of _________ __, 2013 (the "Effective Date"). In consideration of the covenants contained herein, the parties agree as follows: