Increase Certificate effective as of October 13, 2017, delivered pursuant to the Amended and Restated Credit Agreement dated as of June 30, 2016 among PulteGroup, Inc., as Borrower, Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer, and the other Lenders party thereto

Reference is made to that certain Amended and Restated Credit Agreement, dated as of June 30, 2016 (as the same may be amended or otherwise modified, the “Credit Agreement”), among PulteGroup, Inc., a Michigan corporation (“Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, a Swing Line Lender, and an L/C Issuer. Capitalized terms used and not defined herein shall have the meaning ascribed to such terms in the Credit Agreement.

Pursuant to Section 2.14 of the Credit Agreement, Borrower, Administrative Agent, and the Lenders party hereto agree to a $250,000,000 increase in the Aggregate Commitments effective on the date of this Increase Certificate. Each Lender party hereto hereby agrees to increase its Commitment under the Credit Agreement on the date hereof in the amount of $50,000,000. After giving effect to such increase, each Lender’s Commitment shall be as set forth on Exhibit A attached hereto. Schedule 2.01 of the Credit Agreement is hereby replaced with Exhibit A hereto.

The Credit Documents are ratified and affirmed by Borrower and shall remain in full force and effect. Borrower represents and warrants to Administrative Agent and the Lenders party hereto that the conditions set forth in Section 2.14(e) of the Credit Agreement have been satisfied as of the date hereof.

This Increase Certificate shall constitute one of the Credit Documents.

EXECUTED as of the date first stated above.

By:        /s/ Thomas Nowak            

Name:    Thomas Nowak                

Title:    Vice President                

By:        /s/ Thomas Nowak            

Name:    Thomas Nowak            

Title:    Vice President                    

By:        /s/ Chiara Carter            

Name:    Chiara Carter             

Title:    Executive Director            

By:        /s/Michael Vondriska            

Name:    Michael Vondriska            

Title:    Vice President                

By:        /s/ John Davies                

Name:    John Davies                

Title:    Authorized Signatory            

By:        /s/Lisa Smith Boyer         

Name:    Lisa Smith Boyer            

Title:    Senior Vice President         

To induce the Administrative Agent and Lenders party hereto to enter into this Increase Certificate, the undersigned hereby (a) consent and agree to its execution and delivery and the terms and conditions thereof, (b) agree that this document in no way releases, diminishes, impairs, reduces, or otherwise adversely affects any guaranties, assurances, or other obligations or undertakings of any of the undersigned under any Credit Documents, and (c) waive notice of acceptance of this Increase Certificate, which binds each of the undersigned and their respective successors and permitted assigns and inures to the benefit of Administrative Agent and Lenders and their respective successors and permitted assigns.