On July 18, 2019, William Lyon Homes Inc. (“Borrower”), a California corporation and a wholly owned subsidiary of William Lyon Homes, a Delaware corporation (“Parent”), Parent and each of the subsidiary guarantors party thereto entered into Amendment No. 2 (the “Second Amendment”) to that certain Credit Agreement (the “Credit Agreement”), dated May 21, 2018, among California Lyon, Parent, each of the subsidiary guarantors party thereto, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which, among other things, extended the maturity date of the revolving credit facility under the Credit Agreement from May 21, 2021 to May 21, 2022. Pursuant to the Credit Agreement, the Lenders have extended, and have agreed to extend, credit to the Borrower. The Borrower and Parent have requested to amend the Credit Agreement to extend the Termination Date and to make certain other changes thereto, in each case as provided herein. Section 10.1 of the Credit Agreement requires the consent of all affected Lenders for any extension of the Termination Date.