Landsea Homes Corporation, and certain of its subsidiaries entered into that certain Eighth Amendment Agreement with Western Alliance Bank, as administrative agent, and the other lender parties thereto, which amends the Company?s existing Credit Agreement dated October 6, 2021 (as amended on November 30, 2021, December 31, 2021, April 13, 2022, June 30, 2022, September 30, 2022, December 29, 2022 and July 31, 2023, and as may be further amended from time to time, the ? Credit Agreement?), to, among other things, effect changes to the covenant pertaining to the incurrence of additional debt, to (i) increase the size of the ?permitted senior debt? (as defined in the Credit Agreement) basket from $500 million to $600 million and (ii) include a moratorium that extends through April 15, 2024 on the dollar for dollar reduction in commitment amounts under the revolving credit facility that would be triggered upon the incurrence of ?permitted senior debt?

to the extent that the outstanding aggregate amount of such ?permitted senior debt? is in excess of $350 million.