On October 28, 2024, Forestar Group Inc. (the "Company") and D.R. Horton, Inc. ("D.R. Horton") entered into an Amended and Restated Stockholder's Agreement, dated as of October 28, 2024 (the "A&R Stockholder's Agreement"), which amends and restates the Stockholder's Agreement, dated as of June 29, 2017, between the Company and D.R. Horton (the "Original Stockholder's Agreement").

The Original Stockholder's Agreement provided that (i) the Investment Committee (as defined in the Stockholder's Agreement) of the Company is vested with sole responsibility over investment decisions involving, in any single transaction or a series of related transactions, Capital Expenditures...