ELIGIBILITY CERTIFICATION

ANNEX A

To: Dream Finders Homes, Inc.
c/o D.F. King & Co., Inc.
28 Liberty Street, 53rd Floor
New York, New York 10005
Email: DFH@dfking.com
To confirm: (866) 796-6867
For banks and brokers: (646) 698-8770

Ladies and Gentlemen:

The undersigned acknowledges receipt of your letter, dated October 22, 2026. Capitalized terms used and not defined in this letter shall have the meanings set forth in your letter. The undersigned hereby represents and warrants to Dream Finders Homes, Inc., a Texas corporation ("Dream Finders"), as follows:

(1) The undersigned is the beneficial owner (or person who is considering becoming a beneficial owner), or is acting on behalf of a beneficial owner (or on behalf of a person who is considering becoming a beneficial owner), of either the outstanding (1) 7.500% Senior Notes due 2031 (the "2031 Beazer Notes") or (2) 8.000% Senior Notes due 2032 (the "2032 Beazer Notes"), each summarized in the table below (the 2031 Beazer Notes and the 2032 Beazer Notes, collectively, the "Beazer Notes") issued by Beazer Homes USA, Inc., a Delaware corporation, in such amounts as indicated below:

Title of Series of Beazer Notes CUSIP No. of Beazer Notes Insert Principal Amount of Beazer Notes
7.500% Senior Notes due 2031 07556QBU8(144A) / U0758TAT4 (Reg S)
8.000% Senior Notes due 2032 07556QBV6 (144A) / U0758TAU1 (Reg S)

(2) The undersigned is, or in the event that the undersigned is acting on behalf of a beneficial owner (or person who is considering becoming a beneficial owner) of the Beazer Notes, the undersigned has received a written certification from such beneficial owner (or person who is considering becoming a beneficial owner) (dated as of a specific date on or since the close of the most recent fiscal year of such beneficial owner or person who is considering becoming a beneficial owner) to the effect that such beneficial owner (or person who is considering becoming a beneficial owner) is, one of the following (as indicated with a checkmark):

If the undersigned (or any beneficial owner on whose behalf it is acting) is located in or a resident of Canada, such person is a Canadian Eligible Holder (as defined in Annex B) and the undersigned has completed or will complete the Canadian Certification Form.

The undersigned understands that it is providing the information contained herein to Dream Finders solely for purposes of its consideration to undertake an Exchange Offer with respect to the Beazer Notes. This letter is neither an offer nor a solicitation of an offer with respect to the Beazer Notes or Dream Finders Notes, nor creates any obligations whatsoever on the part of Dream Finders to make any offer, or on the part of the recipient to participate if an offer is made. The Dream Finders Notes that Dream Finders proposes to offer pursuant to the Exchange Offer will not be registered under the Securities Act, or applicable securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable laws.

The undersigned agrees that it

(1) will not copy or reproduce any part of any materials (except as permitted therein) received in connection with any transaction Dream Finders may undertake or has undertaken,

(2) will not distribute or disclose any part of such materials or any of their contents (except as permitted therein) to anyone other than, if applicable, the aforementioned beneficial owners (or persons who are considering becoming beneficial owners) on whose behalf the undersigned is acting and

(3) will notify Dream Finders if any of the representations the undersigned makes in this letter cease to be correct.

[Note: * denotes required fields]

Signature*:
Name and Title*:
Institution*:
Address*:
City/State/Zip*:
Country*:
Phone:
E-Mail Address*:
DTC Participant Number:

***Please note: the email address shown above will be used to distribute any materials.***



DEFINITIONS

"Qualified Institutional Buyer" means:
(1) Any of the following entities, acting for its own account or the accounts of other Qualified Institutional Buyers, that in the aggregate owns and invests on a discretionary basis at least $100 million in securities of issuers that are not affiliated with the entity:
(a) Any insurance company as defined in Section 2(a)(13) of the Securities Act (a purchase by an insurance company for one or more of its separate accounts, as defined by Section 2(a)(37) of the Investment Company Act of 1940, as amended (the "Investment Company Act"), which is neither registered under Section 8 of the Investment Company Act nor required to be so registered, shall be deemed to be a purchase for the account of such insurance company);
(b) Any investment company registered under the Investment Company Act or any business development company as defined in Section 2(a)(48) of the Investment Company Act;
(c) Any small business investment company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958, as amended, or any Rural Business Investment Company as defined in Section 384A of the Consolidated Farm and Rural Development Act, as amended;
(d) Any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees;
(e) Any employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended;
(f) Any trust fund whose trustee is a bank or trust company and whose participants are exclusively plans of the types identified in subparagraph (1)(d) or (e) above, except trust funds that include as participants individual retirement accounts or H.R. 10 plans;
(g) Any business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940, as amended (the "Investment Advisers Act");
(h) Any organization described in Section 501(c)(3) of the Internal Revenue Code of 1986 corporation (other than a bank as defined in Section 3(a)(2) of the Securities Act or a savings and loan association or other institution referenced in Section 3(a)(5)(A) of the Securities Act or a foreign bank or savings and loan association or equivalent institution), partnership, or Massachusetts or similar business trust;
(i) Any investment adviser registered under the Investment Advisers Act; and
(j) Any institutional accredited investor, as defined in Rule 501(a) under the Securities Act, of a type not listed in paragraphs (1)(a) through (i) above or paragraphs (2) through (6) below.
(2) Any dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), acting for its own account or the accounts of other Qualified Institutional Buyers, that in the aggregate owns and invests on a discretionary basis at least $10 million of securities of issuers that are not affiliated with the dealer, provided, that securities constituting the whole or a part of an unsold allotment to or subscription by a dealer as a participant in a public offering shall not be deemed to be owned by such dealer;
(3) Any dealer registered pursuant to Section 15 of the Exchange Act acting in a riskless principal transaction (as defined below) on behalf of a qualified institutional buyer;
(4) Any investment company registered under the Investment Company Act, acting for its own account or for the accounts of other qualified institutional buyers, that is part of a family of investment companies which own in the aggregate at least $100 million in securities of issuers, other than issuers that are affiliated with the investment company or are part of such family of investment companies. "Family of investment companies" means any two or more investment companies registered under the Investment Company Act, except for a unit investment trust whose assets consist solely of shares of one or more registered investment companies, that have the same investment adviser (or, in the case of unit investment trusts, the same depositor), provided that:
(a) Each series of a series company (as defined in Rule 18f-2 under the Investment Company Act) shall be deemed to be a separate investment company; and
(b) Investment companies shall be deemed to have the same adviser (or depositor) if their advisers (or depositors) are majority-owned subsidiaries of the same parent, or if one investment company's adviser (or depositor) is a majority-owned subsidiary of the other investment company's adviser (or depositor);
(5) Any entity, all of the equity owners of which are qualified institutional buyers, acting for its own account or the accounts of other qualified institutional buyers; and
(6) Any bank as defined in Section 3(a)(2) of the Securities Act, any savings and loan association or other institution as referenced in Section 3(a)(5)(A) of the Securities Act, or any foreign bank or savings and loan association or equivalent institution, acting for its own account or the accounts of other Qualified Institutional Buyers, that in the aggregate owns and invests on a discretionary basis at least $100 million in securities of issuers that are not affiliated with it and that has an audited net worth of at least $25 million as demonstrated in its latest annual financial statements, as of a date not more than 16 months preceding the date of sale under the rule in the case of a U.S. bank or savings and loan association, and not more than 18 months preceding such date of sale for a foreign bank or savings and loan association or equivalent institution.
For purposes of the foregoing definition of "qualified institutional buyer":
(1) In determining the aggregate amount of securities owned and invested on a discretionary basis by an entity, the following instruments and interests shall be excluded: bank deposit notes and certificates of deposit; loan participations; repurchase agreements; securities owned but subject to a repurchase agreement; and currency, interest rate and commodity swaps.
(2) The aggregate value of securities owned and invested on a discretionary basis by an entity shall be the cost of such securities, except where the entity reports its securities holdings in its financial statements on the basis of their market value, and no current information with respect to the cost of those securities has been published. In the latter event, the securities may be valued at market for purposes of this Annex A.
(3) In determining the aggregate amount of securities owned by an entity and invested on a discretionary basis, securities owned by subsidiaries of the entity that are consolidated with the entity in its financial statements prepared in accordance with generally accepted accounting principles may be included if the investments of such subsidiaries are managed under the direction of the entity, except that, unless the entity is a reporting company under Section 13 or 15(d) of the Exchange Act, securities owned by such subsidiaries may not be included if the entity itself is a majority-owned subsidiary that would be included in the consolidated financial statements of another enterprise.
(4) "Riskless principal transaction" means a transaction in which a dealer buys a security from any person and makes a simultaneous offsetting sale of such security to a qualified institutional buyer, including another dealer acting as riskless principal for a qualified institutional buyer.
"U.S. Person" means:
(a) Any natural person resident in the United States;
(b) Any partnership or corporation organized or incorporated under the laws of the United States;
(c) Any estate of which any executor or administrator is a U.S. person;
(d) Any trust of which any trustee is a U.S. person;
(e) Any agency or branch of a foreign entity located in the United States;
(f) Any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person;
(g) Any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and
(h) Any partnership or corporation if:
(i) Organized or incorporated under the laws of any foreign jurisdiction; and
(ii) Formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Securities Act) who are not natural persons, estates or trusts.
The following are not "U.S. Persons":
(a) Any discretionary account or similar account (other than an estate or trust) held for the benefit or account of a non-U.S. person by a dealer or other professional fiduciary organized, incorporated, or (if an individual) resident in the United States;
(b) Any estate of which any professional fiduciary acting as executor or administrator is a U.S. person if:
(i) An executor or administrator of the estate who is not a U.S. person has sole or shared investment discretion with respect to the assets of the estate; and
(ii) The estate is governed by foreign law;
(c) Any trust of which any professional fiduciary acting as trustee is a U.S. person, if a trustee who is not a U.S. person has sole or shared investment discretion with respect to the trust assets, and no beneficiary of the trust (and no settlor if the trust is revocable) is a U.S. person;
(d) An employee benefit plan established and administered in accordance with the law of a country other than the United States and customary practices and documentation of such country;
(e) Any agency or branch of a U.S. person located outside the United States if:
(i) The agency or branch operates for valid business reasons; and
(ii) The agency or branch is engaged in the business of insurance or banking and is subject to substantive insurance or banking regulation, respectively, in the jurisdiction where located; and
(f) The International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, the United Nations and their agencies, affiliates and pension plans and any other similar international organizations, their agencies, affiliates and pension plans.
For purposes of the foregoing definitions, "United States" means the United States of America, its territories and possessions, any State of the United States and the District of Columbia.