Exhibit_4.3_SecondSuppIndentConvertSrNotes




EXHIBIT 4.3
SUPPLEMENTAL INDENTURE NO. 2, dated as of September 3, 2013 (the “Second Supplemental Indenture”) between Meritage Homes Corporation, a corporation organized under the laws of the State of Maryland (the “Issuer”), the Guarantors named therein, Meritage Homes of Tennessee, Inc., a Corporation organized under the laws of the State of Arizona (the “Additional Guarantor”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), under the Indenture (as defined below).  Capitalized terms used and not defined herein shall have the same meanings given in the Indenture unless otherwise indicated.
WHEREAS, the Issuer, the Guarantors thereto and the Trustee are parties to that certain Indenture dated as of September 18, 2012 (the “Base Indenture”), as amended by the certain Supplemented Indenture No. 1, dated as of September 18, 2012 (as amended, the “Indenture”) pursuant to which the Company issued its 1.875% Convertible Senior Notes due 2032 (the “Notes”) and the Guarantors guaranteed the obligations of the Issuer under the Indenture and the Notes;
WHEREAS, pursuant to Section 10.02 of the Indenture, if the Issuer acquires or creates any additional subsidiary which is a Restricted Subsidiary, each such subsidiary shall execute and deliver a supplemental indenture pursuant to which such subsidiary shall unconditionally guaranty the Issuer’s obligations under the Notes;
WHEREAS, the Additional Guarantor is a Restricted Subsidiary of the Issuer;
WHEREAS, the Issuer and the Trustee desire to have the Additional Guarantor enter into this Second Supplemental Indenture and agree to guaranty the obligations of the Issuer under the Indenture and the Notes and the Additional Guarantor desires to enter into this Second Supplemental Indenture and to guaranty the obligations of the Issuer under the Indenture and the Notes as of such date; 
WHEREAS, Section 9.01(8) of the Base Indenture provides that the Issuer, the Guarantors and the Trustee may, without the written consent of the Holders of the outstanding Notes, amend the Indenture as provided herein; 
WHEREAS, by entering into this Second Supplemental Indenture, the Issuer and the Trustee have consented to amend the Indenture in accordance with the terms and conditions herein;
WHEREAS, each Guarantor hereby acknowledges and consents to amend the Indenture in accordance with the terms and conditions herein; and
WHEREAS, all acts and things prescribed by the charter documents of the Additional Guarantor (as now in effect) necessary to make this Second Supplemental Indenture a valid instrument legally binding on the Additional Guarantor for the purposes herein expressed, in accordance with its terms, have been duly done and performed. 
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuer, the Guarantors, the Additional Guarantor and the Trustee hereby agree for the benefit of each other and the equal and ratable benefit of the Holders of the Notes as follows:

        




1.Additional Guarantor as Guarantor.  As of the date hereof and pursuant to this Second Supplemental Indenture, the Additional Guarantor shall become a Guarantor under the definition of Guarantor in the Indenture in accordance with the terms and conditions of the Indenture and shall assume all rights and obligations of a Guarantor thereunder.
2.    Construction.  For all purposes of this Second Supplemental Indenture, except as otherwise herein expressly provided or unless the context otherwise requires: (i) the defined terms and expressions used herein shall have the same meanings as corresponding terms and expressions used in the Indenture; and (ii) the words “herein,” “hereof,” “hereby” and other words of similar import used in this Second Supplemental Indenture refer to this Second Supplemental Indenture as a whole and not to any particular Section hereof.
3.    Trustee Acceptance.  The Trustee accepts the amendment of the Indenture effected by this Second Supplemental Indenture, as hereby amended, but only upon the terms and conditions set forth in the Indenture, as hereby amended, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee in the performance of its duties and obligations under the Indenture, as hereby amended.  Without limiting the generality of the foregoing, the Trustee has no responsibility for the correctness of the recitals of fact herein contained which shall be taken as the statements of each of the Issuer and the Additional Guarantor, respectively, and makes no representations as to the validity or enforceability against either the Issuer or the Additional Guarantor.
4.    Indenture Ratified.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.
5.    Holders Bound.  This Second Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of the Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
6.    Successors and Assigns.  This Second Supplemental Indenture shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
7.    Counterparts.  This Second Supplemental Indenture may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, and all of such counterparts shall together constitute one and the same instrument.
8.    Governing Law.  This Second Supplemental Indenture shall be governed by and construed in accordance with the internal laws of the State of New York without giving effect to principles of conflicts of laws.
[Signature Pages to Follow]

    




IN WITNESS WHEREOF, the Issuer, the Guarantors, the Additional Guarantor and the Trustee have caused this Second Supplemental Indenture to be duly executed as of the date Second above written.


        	
			
	 
	ISSUER:

	 
	MERITAGE HOMES CORPORATION

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President and Chief

	 
	 
	Financial Officer

	 
	 
	 

	By:
	/s/ C. Timothy White

	 
	Name:
	C. Timothy White

	 
	Title:
	General Counsel, Executive Vice

	 
	 
	President and Secretary

	 
	 
	 

	 
	 
	 

	 
	ADDITIONAL GUARANTOR:

	 
	MERITAGE HOMES OF TENNESSEE, INC., an Arizona corporation

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary





    




	
			
	 
	TRUSTEE:

	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

	 
	 
	 

	By:
	/s/ Maddy Hall

	 
	Name:
	Maddy Hall

	 
	Title:
	Vice President

	 
	 
	 








    

    




	
			
	 
	GUARNATORS:

	 
	MERITAGE PASEO CROSSING, LLC

	 
	 
	 

	By:
	Meritage Homes of Arizona, Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE PASEO CONSTRUCTION, LLC

	 
	 
	 

	By:
	Meritage Homes Construction , Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE HOMES OF ARIZONA, INC.

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE HOMES CONSTRUCTION, INC.

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary




                

    






	
			
	 
	MERITAGE HOMES OF TEXAS HOLDING, INC.

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE HOMES OF CALIFORNIA, INC.

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE HOMES OF TEXAS JOINT VENTURE HOLDING COMPANY, LLC

	 
	 
	 

	By:
	Meritage Homes of Texas, LLC

	Its:
	Sole Member

	 
	 
	 

	By:
	Meritage Homes of Texas Holding, Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE HOLDINGS, L.L.C.

	 
	 
	 

	By:
	Meritage Homes of Texas Holding, Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary







    






	
			
	 
	MERITAGE HOMES OF NEVADA, INC.

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MTH-CAVALIER, LLC

	 
	 
	 

	By:
	Meritage Homes Construction, Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MTH GOLF, LLC

	 
	 
	 

	By:
	Meritage Homes Construction, Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE HOMES OF COLORADO, INC.

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

















    




	
			
	 
	MERITAGE HOMES OF FLORIDA, INC.

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	CALIFORNIA URBAN HOMES, LLC

	 
	 
	 

	By:
	Meritage Homes of California, Inc.

	Its:
	Sole Member and Manager

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE HOMES OF TEXAS, LLC

	 
	 
	 

	By:
	Meritage Homes of Texas Holding, Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary





    






	
			
	 
	MERITAGE HOMES OPERATING COMPANY, LLC

	 
	 
	 

	By:
	Meritage Holdings, L.L.C.

	Its:
	Manager

	 
	 

	By:
	Meritage Homes of Texas Holding, Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	WW PROJECT SELLER, LLC

	 
	 
	 

	By:
	Meritage Paseo Crossing, LLC

	Its:
	Sole Member

	 
	 
	 

	By:
	Meritage Homes of Arizona, Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE HOMES OF THE CAROLINAS, INC.

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	CAREFREE TITLE AGENCY, INC.

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial







    






	
			
	 
	M&M FORT MYERS HOLDINGS, LLC, a Delaware limited liability company

	 
	 
	 

	By:
	Meritage Paseo Crossing, LLC

	Its:
	Sole Member and Manager

	 
	 
	 

	By:
	Meritage Homes of Arizona, Inc.

	Its:
	Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary

	 
	 
	 

	 
	 
	 

	 
	MERITAGE HOMES OF FLORIDA REALTY LLC, a Florida limited liability company

	 
	 
	 

	By:
	Meritage Homes of Florida, Inc.

	Its:
	Manager and Sole Member

	 
	 
	 

	By:
	/s/ Larry W. Seay

	 
	Name:
	Larry W. Seay

	 
	Title:
	Executive Vice President, Chief Financial

	 
	 
	Officer and Assistant Secretary