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| Background      Information |                                                      | Page      1 |
|-----------------------------|-----------------------------------------------------------|-------------|
|                        |                                                      |        |
| 1.                          | Purchase      of the Policy, Conformity to this Agreement | Page      1 |
|                        |                                                      |        |
| 2.                          | Ownership      and Possession of the Policy               | Page      2 |
|                        |                                                      |        |
| 3.                          | Payment      of Premiums                                  | Page      2 |
|                        |                                                      |        |
| 4.                          | Employer’s      Interest                            | Page      2 |
|                        |                                                      |        |
| 5.                          | Collateral      Assignment of the Policy                  | Page      3 |
|                        |                                                      |        |
| 6.                          | Borrowing      from the Policy                            | Page      3 |
|                        |                                                      |        |
| 7.                          | Surrender      or Cancellation of the Policy              | Page      3 |
|                        |                                                      |        |
| 8.                          | Death      of the Employee                                | Page      4 |
|                        |                                                      |        |
| 9.                          | Termination      of Agreement                             | Page      4 |
|                        |                                                      |        |
| 10.                         | Disposition      of Policy Upon Termination of Agreement  | Page      5 |
|                        |                                                      |        |
| 11.                         | Prohibition      Against Transfer of Interests            | Page      5 |
|                        |                                                      |        |
| 12.                         | Amendment      and Waiver                                 | Page      5 |
|                        |                                                      |        |
| 13.                         | Successors      and Assigns                               | Page      6 |
|                        |                                                      |        |
| 14.                         | Notices                                                   | Page      6 |
|                        |                                                      |        |
| 15.                         | Survival                                                  | Page      6 |
|                        |                                                      |        |
| 16.                         | No      Guaranty of Employment                            | Page      6 |
|                        |                                                      |        |
| 17.                         | Cooperation                                               | Page      6 |
|                        |                                                      |        |
| 18.                         | No      Strict Construction                               | Page      6 |
|                        |                                                      |        |
| 19.                         | Severability                                              | Page      6 |
|                        |                                                      |        |
| 20.                         | Third      Party Beneficiary                              | Page      6 |
|                        |                                                      |        |
| 21.                         | Exoneration      of Insurer                               | Page      6 |
|                        |                                                      |        |
| 22.                         | ERISA      Compliance                                     | Page      7 |
|                        |                                                      |        |
| 23.                         | Governing      Law                                        | Page      7 |
|                        |                                                      |        |
| 24.                         | Headings                                                  | Page      7 |

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| A.   | The      Employee is a capable, efficient and valued employee of the      Employer. |
|----------------|-------------------------------------------------------------------------------------|

| B.   | The      Employee wishes to provide life insurance protection for the benefit of      his family – under the policy of insurance which is described in Exhibit A      hereto.  Such life insurance policy, together with any      replacement of it or modification to it, is referred to herein as the      “Policy.”  The company which issues the Policy is referred to      herein as the “Insurer.” |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| C.   | The      Employer is willing, on the terms and conditions set forth in this      Agreement, to pay a portion of the premiums due on the    Policy. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| D.   | The      Owner shall be the owner of the Policy and, as such, shall possess all      incidents of ownership in and to the Policy.  Except during any      period when the Employee and the Owner may be the same person, the      Employee shall have no incident of ownership in or to the      Policy. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| E.   | The      Employer wishes to have the Policy collaterally assigned by the Owner in      order to secure the payment of all amounts which will, in the future, be      due and payable to the Employer under this  Agreement. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| F.   | This      Agreement is intended to be a “split-dollar” arrangement, as described in      Revenue Ruling 64-328 (issued by the Internal Revenue      Service). |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 8.   | Death      of the Employee.  Upon the      death of Employee – |
|----------------|--------------------------------------------------------------------------------|

| Ø   | The      total cessation of the business of the Employer, or |
|--------------------|--------------------------------------------------------------|

| Ø   | The      bankruptcy, receivership or dissolution of the Employer, or |
|--------------------|----------------------------------------------------------------------|

| Ø   | The      written agreement of the Owner and theEmployer. |
|--------------------|----------------------------------------------------------|

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| 11.   | Prohibition Against      Transfer of Interest. |
|-----------------|------------------------------------------------|

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| M/I      Schottenstein Homes, Inc.   |                            |                 |
|--------------------------------------|---------------------------------|----------------------|
|   an      Ohio Corporation |                            | /s/Philip      Creek |
|                                 |                            |                 | Philip      Creek (the “Employee”) |
|                                 |                            |                 |   |
| By:                                  | /s/Robert      H. Schottenstein |                 |   |
|                                 |                            |                 |   |
| Its:                                 | President                       |                 | /s/Philip      Creek |
|                                 |                            |                 | Philip      Creek, together with any |
|                                 |                            |                 | permitted      successor (the “Owner") |
|                                 |                            |                 |   |

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| Name                 |   | Policy #   |
|----------------------|--------|------------|
|                 |   |       |
| Philip      G. Creek |   | 2-118-278V |
|                 |   |       |