Exhibit 10.1

 

 

 

 

SEVENTH AMENDMENT

TO

CREDIT AGREEMENT

 

Dated as of December 20, 2005

among

MERITAGE HOMES CORPORATION,

as the Borrower

GUARANTY BANK,

as Administrative Agent and Swing Line Lender,

JPMORGAN CHASE BANK, N.A.,

as Syndication Agent

BANK OF AMERICA, N.A.,

as Documentation Agent

and

The Other Lenders Party Thereto

 

 

 

 

GUARANTY BANK,

as Joint Lead Arranger and Joint Book Manager

and

J. P. MORGAN SECURITIES, INC.,

as Joint Lead Arranger and Joint Bank Manager

 

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SEVENTH AMENDMENT TO CREDIT AGREEMENT

 

THIS SEVENTH AMENDMENT TO CREDIT AGREEMENT (this “Seventh Amendment”), dated as
of December 20, 2005, is entered into among MERITAGE HOMES CORPORATION, a
Maryland corporation (the “Borrower”), the lenders listed on the signature pages
hereof as Lenders (the “Lenders”), GUARANTY BANK, as Administrative Agent and
Swing Line Lender, JPMORGAN CHASE BANK, N.A., as Syndication Agent, and BANK OF
AMERICA, N.A., as Documentation Agent.

 

BACKGROUND

 

A.            THE BORROWER, THE LENDERS, THE SYNDICATION AGENT, THE
DOCUMENTATION AGENT, THE ADMINISTRATIVE AGENT AND THE SWING LINE LENDER ARE
PARTIES TO THAT CERTAIN CREDIT AGREEMENT, DATED AS OF DECEMBER 12, 2002, AS
AMENDED BY THAT CERTAIN FIRST AMENDMENT TO CREDIT AGREEMENT, DATED AS OF
SEPTEMBER 8, 2003, THAT CERTAIN SECOND AMENDMENT TO CREDIT AGREEMENT, DATED AS
OF DECEMBER 3, 2003, THAT CERTAIN THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS
OF APRIL 20, 2004, THAT CERTAIN FOURTH AMENDMENT TO CREDIT AGREEMENT DATED AS OF
OCTOBER 28, 2004, THAT CERTAIN FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF
DECEMBER 23, 2004, AND THAT CERTAIN SIXTH AMENDMENT TO CREDIT AGREEMENT, DATED
AS OF APRIL 29, 2005, AND AS MODIFIED PURSUANT TO THAT CERTAIN COMMITMENT
INCREASE AGREEMENT, DATED AS OF NOVEMBER 18, 2005, AMONG THE BORROWER, THE
ADMINISTRATIVE AGENT AND CERTAIN OF THE LENDERS (THE “COMMITMENT INCREASE
AGREEMENT”) (SAID CREDIT AGREEMENT, AS SO AMENDED AND MODIFIED, THE “CREDIT
AGREEMENT”).  THE TERMS DEFINED IN THE CREDIT AGREEMENT AND NOT OTHERWISE
DEFINED HEREIN SHALL BE USED HEREIN AS DEFINED IN THE CREDIT AGREEMENT.

 

B.            PURSUANT TO THE COMMITMENT INCREASE AGREEMENT, THE AGGREGATE
COMMITMENTS WERE INCREASED FROM $400,000,000 TO $600,000,000.

 

C.            THE BORROWER HAS REQUESTED AN AMENDMENT TO THE CREDIT AGREEMENT SO
THAT THE AGGREGATE COMMITMENTS COULD BE INCREASED IN THE FUTURE TO $800,000,000.

 

D.            THE LENDERS, THE SYNDICATION AGENT, THE DOCUMENTATION AGENT, THE
ADMINISTRATIVE AGENT AND THE SWING LINE LENDER HEREBY AGREE TO AMEND THE CREDIT
AGREEMENT, SUBJECT TO THE TERMS AND CONDITIONS SET FORTH HEREIN.

 

NOW, THEREFORE, IN CONSIDERATION OF THE COVENANTS, CONDITIONS AND AGREEMENTS
HEREAFTER SET FORTH, AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT
AND ADEQUACY OF WHICH ARE ALL HEREBY ACKNOWLEDGED, THE BORROWER, THE LENDERS,
THE SYNDICATION AGENT, THE DOCUMENTATION AGENT, THE SWING LINE LENDER AND THE
ADMINISTRATIVE AGENT COVENANT AND AGREE AS FOLLOWS:

 

1.             AMENDMENT.  THE FIRST SENTENCE OF SECTION 2.15(A) OF THE CREDIT
AGREEMENT IS HEREBY AMENDED TO READ AS FOLLOWS:

 

Provided there exists no Default, upon notice to the Administrative Agent (which
shall promptly notify the Lenders), the Borrower may from time to time request
an

 

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INCREASE IN THE AGGREGATE COMMITMENTS, PROVIDED THAT AFTER GIVING EFFECT TO ALL
SUCH INCREASES, THE AGGREGATE COMMITMENTS SHALL NOT EXCEED $800,000,000.

 

2.             REPRESENTATIONS AND WARRANTIES TRUE; NO EVENT OF DEFAULT.  BY ITS
EXECUTION AND DELIVERY HEREOF, THE BORROWER REPRESENTS AND WARRANTS THAT, AS OF
THE DATE HEREOF:

 

(A)           THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THE CREDIT
AGREEMENT AND THE OTHER LOAN DOCUMENTS ARE TRUE AND CORRECT ON AND AS OF THE
DATE HEREOF AS MADE ON AND AS OF SUCH DATE, EXCEPT (I) TO THE EXTENT THAT SUCH
REPRESENTATIONS AND WARRANTIES SPECIFICALLY REFER TO AN EARLIER DATE, IN WHICH
CASE THEY ARE TRUE AND CORRECT AS OF SUCH EARLIER DATE, AND (II) THAT THE
REPRESENTATIONS AND WARRANTIES CONTAINED IN SUBSECTIONS (A) AND (B) OF
SECTION 5.05 OF THE CREDIT AGREEMENT SHALL BE DEEMED TO REFER TO THE MOST RECENT
STATEMENTS FURNISHED PURSUANT TO SUBSECTIONS (A) AND (B), RESPECTIVELY, OF
SECTION 6.01 OF THE CREDIT AGREEMENT;

 

(B)           NO EVENT HAS OCCURRED AND IS CONTINUING WHICH CONSTITUTES A
DEFAULT OR AN EVENT OF DEFAULT;

 

(C)           (I) THE BORROWER HAS FULL POWER AND AUTHORITY TO EXECUTE AND
DELIVER THIS SEVENTH AMENDMENT, (II) THIS SEVENTH AMENDMENT HAS BEEN DULY
EXECUTED AND DELIVERED BY THE BORROWER, AND (III) THIS SEVENTH AMENDMENT AND THE
CREDIT AGREEMENT, AS AMENDED HEREBY, CONSTITUTE THE LEGAL, VALID AND BINDING
OBLIGATIONS OF THE BORROWER, ENFORCEABLE IN ACCORDANCE WITH THEIR RESPECTIVE
TERMS, EXCEPT AS ENFORCEABILITY MAY BE LIMITED BY APPLICABLE DEBTOR RELIEF LAWS
AND BY GENERAL PRINCIPLES OF EQUITY (REGARDLESS OF WHETHER ENFORCEMENT IS SOUGHT
IN A PROCEEDING IN EQUITY OR AT LAW) AND EXCEPT AS RIGHTS TO INDEMNITY MAY BE
LIMITED BY FEDERAL OR STATE SECURITIES LAWS;

 

(D)           NEITHER THE EXECUTION, DELIVERY AND PERFORMANCE OF THIS SEVENTH
AMENDMENT OR THE CREDIT AGREEMENT, AS AMENDED HEREBY, NOR THE CONSUMMATION OF
ANY TRANSACTIONS CONTEMPLATED HEREIN OR THEREIN, WILL VIOLATE ANY LAW OR
CONFLICT WITH ANY ORGANIZATION DOCUMENTS OF THE BORROWER, OR ANY INDENTURE,
AGREEMENT OR OTHER INSTRUMENT TO WHICH THE BORROWER OR ANY OF ITS PROPERTIES ARE
SUBJECT; AND

 

(E)           NO AUTHORIZATION, APPROVAL, CONSENT, OR OTHER ACTION BY, NOTICE
TO, OR FILING WITH, ANY GOVERNMENTAL AUTHORITY OR OTHER PERSON NOT PREVIOUSLY
OBTAINED IS REQUIRED FOR (I) THE EXECUTION, DELIVERY OR PERFORMANCE BY THE
BORROWER OF THIS SEVENTH AMENDMENT OR (II) THE ACKNOWLEDGEMENT BY EACH GUARANTOR
OF THIS SEVENTH AMENDMENT.

 

3.             CONDITIONS TO EFFECTIVENESS.  THIS SEVENTH AMENDMENT SHALL BE
EFFECTIVE AS OF DECEMBER 20, 2005, SUBJECT TO SATISFACTION OR COMPLETION OF THE
FOLLOWING:

 

(A)           THE ADMINISTRATIVE AGENT SHALL HAVE RECEIVED COUNTERPARTS OF THIS
SEVENTH AMENDMENT EXECUTED BY LENDERS COMPRISING THE REQUIRED LENDERS;

 

(B)           THE ADMINISTRATIVE AGENT SHALL HAVE RECEIVED COUNTERPARTS OF THIS
SEVENTH AMENDMENT EXECUTED BY THE BORROWER AND ACKNOWLEDGED BY EACH GUARANTOR;

 

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(C)           THE ADMINISTRATIVE AGENT SHALL HAVE RECEIVED A CERTIFIED
RESOLUTION OF THE BOARD OF DIRECTORS OF THE BORROWER AUTHORIZING THE EXECUTION,
DELIVERY AND PERFORMANCE OF THIS SEVENTH AMENDMENT;

 

(D)           THE REPRESENTATIONS AND WARRANTIES SET FORTH IN SECTION 2 OF THIS
SEVENTH AMENDMENT SHALL BE TRUE AND CORRECT; AND

 

(E)           THE ADMINISTRATIVE AGENT SHALL HAVE RECEIVED, IN FORM AND
SUBSTANCE SATISFACTORY TO THE ADMINISTRATIVE AGENT AND ITS COUNSEL, SUCH OTHER
DOCUMENTS, CERTIFICATES AND INSTRUMENTS AS THE ADMINISTRATIVE AGENT SHALL
REQUIRE.

 

4.             REFERENCE TO THE CREDIT AGREEMENT.

 

(A)           UPON THE EFFECTIVENESS OF THIS SEVENTH AMENDMENT, EACH REFERENCE
IN THE CREDIT AGREEMENT TO “THIS AGREEMENT”, “HEREUNDER”, OR WORDS OF LIKE
IMPORT SHALL MEAN AND BE A REFERENCE TO THE CREDIT AGREEMENT, AS AFFECTED AND
AMENDED HEREBY.

 

(B)           THE CREDIT AGREEMENT, AS AMENDED BY THE AMENDMENT REFERRED TO
ABOVE, SHALL REMAIN IN FULL FORCE AND EFFECT AND IS HEREBY RATIFIED AND
CONFIRMED.

 

5.             COSTS, EXPENSES AND TAXES.  THE BORROWER AGREES TO PAY ON DEMAND
ALL COSTS AND EXPENSES OF THE ADMINISTRATIVE AGENT IN CONNECTION WITH THE
PREPARATION, REPRODUCTION, EXECUTION AND DELIVERY OF THIS SEVENTH AMENDMENT AND
THE OTHER INSTRUMENTS AND DOCUMENTS TO BE DELIVERED HEREUNDER (INCLUDING THE
REASONABLE FEES AND OUT-OF-POCKET EXPENSES OF COUNSEL FOR THE ADMINISTRATIVE
AGENT WITH RESPECT THERETO).

 

6.             GUARANTOR’S ACKNOWLEDGMENT.  BY SIGNING BELOW, EACH GUARANTOR
(A) ACKNOWLEDGES, CONSENTS AND AGREES TO THE EXECUTION, DELIVERY AND PERFORMANCE
BY THE BORROWER OF THIS SEVENTH AMENDMENT, (B) ACKNOWLEDGES AND AGREES THAT ITS
OBLIGATIONS IN RESPECT OF ITS GUARANTY ARE NOT RELEASED, DIMINISHED, WAIVED,
MODIFIED, IMPAIRED OR AFFECTED IN ANY MANNER BY THIS SEVENTH AMENDMENT OR ANY OF
THE PROVISIONS CONTEMPLATED HEREIN, (C) RATIFIES AND CONFIRMS ITS OBLIGATIONS
UNDER ITS GUARANTY, AND (D) ACKNOWLEDGES AND AGREES THAT IT HAS NO CLAIMS OR
OFFSETS AGAINST, OR DEFENSES OR COUNTERCLAIMS TO, ITS GUARANTY.

 

7.             EXECUTION IN COUNTERPARTS.  THIS SEVENTH AMENDMENT MAY BE
EXECUTED IN ANY NUMBER OF COUNTERPARTS AND BY DIFFERENT PARTIES HERETO IN
SEPARATE COUNTERPARTS, EACH OF WHICH WHEN SO EXECUTED AND DELIVERED SHALL BE
DEEMED TO BE AN ORIGINAL AND ALL OF WHICH WHEN TAKEN TOGETHER SHALL CONSTITUTE
BUT ONE AND THE SAME INSTRUMENT.  FOR PURPOSES OF THIS SEVENTH AMENDMENT, A
COUNTERPART HEREOF (OR SIGNATURE PAGE THERETO) SIGNED AND TRANSMITTED BY ANY
PERSON PARTY HERETO TO THE ADMINISTRATIVE AGENT (OR ITS COUNSEL) BY FACSIMILE
MACHINE, TELECOPIER OR ELECTRONIC MAIL IS TO BE TREATED AS AN ORIGINAL.  THE
SIGNATURE OF SUCH PERSON THEREON, FOR PURPOSES HEREOF, IS TO BE CONSIDERED AS AN
ORIGINAL SIGNATURE, AND THE COUNTERPART (OR SIGNATURE PAGE THERETO) SO
TRANSMITTED IS TO BE CONSIDERED TO HAVE THE SAME BINDING EFFECT AS AN ORIGINAL
SIGNATURE ON AN ORIGINAL DOCUMENT.

 

8.             GOVERNING LAW; BINDING EFFECT.  THIS SEVENTH AMENDMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS
APPLICABLE TO

 

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AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, PROVIDED THAT
EACH PARTY SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW, AND SHALL BE
BINDING UPON THE PARTIES HERETO AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS.

 

9.             HEADINGS.  SECTION HEADINGS IN THIS SEVENTH AMENDMENT ARE
INCLUDED HEREIN FOR CONVENIENCE OF REFERENCE ONLY AND SHALL NOT CONSTITUTE A
PART OF THIS SEVENTH AMENDMENT FOR ANY OTHER PURPOSE.

 

10.           ENTIRE AGREEMENT.  THE CREDIT AGREEMENT, AS AMENDED BY THIS
SEVENTH AMENDMENT, AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.  THERE ARE
NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

REMAINDER OF PAGE LEFT INTENTIONALLY BLANK

 

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IN WITNESS WHEREOF, THIS SEVENTH AMENDMENT IS EXECUTED AS OF THE DATE FIRST SET
FORTH ABOVE.

 

 

MERITAGE HOMES CORPORATION

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President - Treasurer

 

5

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GUARANTY BANK, as Administrative Agent

 

 

 

 

 

By:

/s/ Sam A. Meade

 

 

Sam A. Meade

 

 

Senior Vice President

 

 

 

 

GUARANTY BANK, as a Lender

 

 

 

 

 

By:

/s/ Sam A. Meade

 

 

Sam A. Meade

 

 

Senior Vice President

 

6

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JPMORGAN CHASE BANK, N.A., as
Syndication Agent and as a Lender

 

 

 

 

 

By:

/s/ Kent [ILLEGIBLE]

 

 

Name:

 

 

 

Title:

 

 

7

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BANK OF AMERICA, N.A., as Documentation
Agent and as a Lender

 

 

 

 

 

By:

/s/ Mark W. Lariviere

 

 

Name:

MARK W. LARIVIERE

 

 

Title:

SENIOR VICE PRESIDENT

 

8

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WELLS FARGO BANK, NATIONAL
ASSOCIATION, as a Lender

 

 

 

 

 

By:

/s/ Patricia A. Richards

 

 

Name:

Patricia A. Richards

 

 

Title:

Vice President

 

9

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U. S. BANK NATIONAL ASSOCIATION, as a
Lender

 

 

 

 

 

By:

/s/ Scott McPherson

 

 

Name:

Scott McPherson

 

 

Title:

Senior Vice President

 

10

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WACHOVIA BANK, NATIONAL
ASSOCIATION, as a Lender

 

 

 

 

 

By:

/s/ Brian A. Phillips

 

 

Name:

Brian A. Phillips

 

 

Title:

Vice President

 

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PNC BANK, NATIONAL ASSOCIATION, as a
Lender

 

 

 

 

 

By:

/s/ Douglas G. Paul

 

 

Name:

Douglas G. Paul

 

 

Title:

Senior Vice President

 

12

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DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender

 

 

 

 

 

By:

/s/ Scottye Lindsey

 

 

Name:

Scottye Lindsey

 

 

Title:

Director

 

 

 

 

 

By:

/s/ Paul O’Leary

 

 

Name:

Paul O’Leary

 

 

Title:

Vice President

 

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CALIFORNIA BANK & TRUST,
as a Lender

 

 

 

 

 

By:

/s/ Stephanie Lantz

 

 

Name:

Stephanie Lantz

 

 

Title:

Vice President

 

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COMPASS BANK, as a Lender

 

 

 

 

 

By:

/s/ Steven J. Heslep

 

 

Name:

STEVEN J. HESLEP

 

 

Title:

Senior Vice President

 

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COMERICA BANK, as a Lender

 

 

 

 

 

By:

/s/ Casey L. Ostrander

 

 

Name:

CASEY L. OSTRANDER

 

 

Title:

VICE PRESIDENT

 

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SUNTRUST BANK, as a Lender

 

 

 

 

 

By:

/s/ W. John Wendler

 

 

Name:

W. John Wendler

 

 

Title:

Senior Vice President

 

17

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CITICORP NORTH AMERICA, INC., as a
Lender

 

 

 

 

 

By:

/s/ Marni McManus

 

 

Name:

Marni McManus

 

 

Title:

Vice President
National Corporate Banking
388 Greenwich Street, 21st Floor
New York, New York 10013

 

18

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UBS LOAN FINANCE LLC, as a Lender

 

 

 

 

 

By:

/s/ Pamela Oh

 

 

Name:

Pamela Oh

 

 

Title:

Associate Director
Banking Products
Services, US

 

 

 

 

 

By:

/s/ Joselin Fernandes

 

 

Name:

Joselin Fernandes

 

 

Title:

Associate Director
Banking Products
Services, US

 

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AMSOUTH BANK, as a Lender

 

 

 

 

 

By:

/s/ Ronny Hudspeth

 

 

Name:

RONNY HUDSPETH

 

 

Title:

SR. VICE PRESIDENT

 

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KEYBANK, NATIONAL ASSOCIATION, as a
Lender

 

 

 

 

 

By:

/s/ Daniel L. Silbert

 

 

Name:

DANIEL L. SILBERT

 

 

Title:

SR. BANKER

 

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THE NORTHERN TRUST COMPANY, as a
Lender

 

 

 

 

 

By:

/s/ Morgan A. Lyons

 

 

Name:

MORGAN A. LYONS

 

 

Title:

VICE PRESIDENT

 

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ACKNOWLEDGED AND AGREED TO:

 

 

 

MERITAGE HOMES OF ARIZONA, INC.

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MERITAGE PASEO CROSSING, LLC

 

 

 

By:

Meritage Homes of Arizona, Inc., its Sole
Member

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MERITAGE HOMES CONSTRUCTION, INC.

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MERITAGE PASEO CONSTRUCTION, LLC

 

 

 

By:

Meritage Homes Construction, Inc., its Sole
Member

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

23

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MTH-TEXAS GP, INC.

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MTH-TEXAS LP, INC.

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

LEGACY/MONTEREY HOMES L.P.

 

 

 

By:

MTH-Texas GP, Inc., its General Partner

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MERITAGE HOLDINGS, L.L.C.

 

 

 

By:

Legacy/Monterey Homes L.P., its Sole
Member

 

 

 

 

By:

MTH-Texas GP, Inc., its General Partner

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

24

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LEGACY OPERATING COMPANY, L.P.

 

 

 

By:

Meritage Holdings, L.L.C., its General
Partner

 

 

 

 

By:

Legacy/Monterey Homes L.P., its Sole
Member

 

 

 

 

By:

MTH-Texas GP, Inc., its General Partner

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

HULEN PARK VENTURE, LLC

 

 

 

By:

Legacy/Monterey Homes L.P., its Sole
Member

 

 

 

 

By:

MTH-Texas GP, Inc., its General Partner

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MTH-TEXAS GP II, INC.

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MTH-TEXAS LP II, INC.

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

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MTH HOMES-TEXAS, L.P.

 

 

 

By:

MTH-Texas GP II, Inc., its General Partner

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MERITAGE HOMES OF CALIFORNIA, INC.

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MTH-HOMES NEVADA, INC.

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MTH-CAVALIER, LLC

 

 

 

By:

Meritage Homes Construction, Inc., its
Sole Member

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

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MTH GOLF, LLC

 

 

 

By:

Meritage Homes Construction, Inc., its Sole
Member

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

LEGACY-HAMMONDS MATERIALS, L.P.

 

 

 

By:

Meritage Holdings, L.L.C., its General
Partner

 

 

 

 

By:

Legacy/Monterey Homes L.P., its Sole
Member

 

 

 

 

By:

MTH-Texas GP, Inc., its General Partner

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MERITAGE HOMES OF COLORADO, INC.

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

MERITAGE HOMES OF FLORIDA, INC.

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

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CALIFORNIA URBAN BUILDERS, INC.

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

CALIFORNIA URBAN HOMES, LLC

 

 

 

By:

Meritage Homes of California, Inc., its Sole
Member and Manager

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

GREATER HOMES, INC.

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

 

 

GREATER INTERIORS, LLC

 

 

 

By:

Greater Homes, Inc.

 

Its:

Sole Member and Manager

 

 

 

 

 

 

 

By:

/s/ Richard T. Morgan

 

 

Richard T. Morgan

 

 

Vice President — Treasurer

 

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