##### 








---



##### 



TABLE OF CONTENTS
 PageARTICLE 1. DEFINED TERMS
    
    
    11.1
    
    Defined Terms
    
    
    11.2
    
    Other Interpretive Provisions
    
    
    29ARTICLE 2. CREDIT FACILITY
    
    
    312.1
    
    Loan
    
    
    312.2
    
    Reserved
    
    
    322.3
    
    Reserved
    
    
    322.4
    
    Funding of Borrowings
    
    
    322.5
    
    Interest Elections
    
    
    322.6
    
    Extension of Initial Maturity Date
    
    
    332.7
    
    Manner of Payment of Loan; Evidence of Debt
    
    
    352.8
    
    Repayment and Prepayment of the Loan
    
    
    362.9
    
    Interest
    
    
    382.10
    
    Presumptions of Payment
    
    
    382.11
    
    Pro Rata Treatment
    
    
    392.12
    
    Inability to Determine Rates
    
    
    392.13
    
    Illegality
    
    
    392.14
    
    Funding
    
    
    402.15
    
    Increased Costs
    
    
    402.16
    
    Obligation of Lenders to Mitigate; Defaulting Lenders; Replacement of Lenders
    
    
    412.17
    
    Funding Indemnification
    
    
    422.18
    
    Taxes
    
    
    432.19
    
    Preferential Payments
    
    
    442.20
    
    Credit Support
    
    
    44ARTICLE 3. CONDITIONS PRECEDENT
    
    
    443.1
    
    Conditions to Funding of the Loan
    
    
    443.2
    
    Outside Closing Date
    
    
    46ARTICLE 4. REPRESENTATIONS AND WARRANTIES
    
    
    474.1
    
    Financial Condition
    
    
    474.2
    
    No Material Adverse Effect
    
    
    474.3
    
    Compliance with Laws
    
    
    474.4
    
    Organization, Powers; Authorization; Enforceability
    
    
    474.5
    
    No Conflict
    
    
    484.6
    
    No Material Litigation
    
    
    494.7
    
    Taxes
    
    
    494.8
    
    Regulated Entities
    
    
    50
 i




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##### 



Page4.9
    
    Subsidiary Entities
    
    
    504.10
    
    Federal Reserve Board Regulations
    
    
    504.11
    
    ERISA Compliance
    
    
    504.12
    
    Assets and Liens
    
    
    514.13
    
    Securities Acts
    
    
    524.14
    
    Consents,
Etc.
    
    
    524.15
    
    Hazardous Materials
    
    
    524.16
    
    Intellectual Property
    
    
    534.17
    
    Insurance
    
    
    534.18
    
    Full Disclosure
    
    
    544.19
    
    Brokers
    
    
    544.20
    
    No Default
    
    
    544.21
    
    Solvency
    
    
    544.22
    
    Contractual Obligations
    
    
    544.23
    
    Representations Regarding the Mortgaged Property
    
    
    544.24
    
    Use of Proceeds
    
    
    564.25
    
    Single Purpose Entity
    
    
    564.26
    
    Labor
    
    
    564.27
    
    Taxpayer Identification Number
    
    
    564.28
    
    Anti-Terrorism Laws
    
    
    56ARTICLE 5. AFFIRMATIVE COVENANTS
    
    
    575.1
    
    Reporting Requirements
    
    
    575.2
    
    Maintenance of Existence and Rights
    
    
    605.3
    
    Compliance with Laws; Forfeiture
    
    
    605.4
    
    Access
    
    
    605.5
    
    Insurance; Casualty; Condemnation; Restoration
    
    
    605.6
    
    Books and Records
    
    
    615.7
    
    Maintenance of Property
    
    
    615.8
    
    Taxes
    
    
    615.9
    
    Environmental
    
    
    625.10
    
    Business and Operations
    
    
    625.11
    
    Title to the Mortgaged Property
    
    
    625.12
    
    Loan Proceeds
    
    
    625.13
    
    Hedging Arrangements
    
    
    625.14
    
    Single Purpose Entities
    
    
    625.15
    
    Subordination
    
    
    635.16
    
    Further Assurances
    
    
    64ARTICLE 6. NEGATIVE COVENANTS
    
    
    646.1
    
    Liens
    
    
    646.2
    
    Indebtedness
    
    
    656.3
    
    Fundamental Change
    
    
    656.4
    
    Disposition
    
    
    656.5
    
    Investments
    
    
    66
 ii




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##### 



Page6.6
    
    Transactions with Affiliates
    
    
    686.7
    
    Modifications to Organizational Documents and Material Agreements
    
    
    686.8
    
    Restricted Payments
    
    
    686.9
    
    Financial Covenants
    
    
    706.10
    
    Sale Leaseback
    
    
    716.11
    
    Negative Pledges
    
    
    716.12
    
    Covenants Regarding the Senior Loan
    
    
    71ARTICLE 7. EVENTS OF DEFAULT
    
    
    717.1
    
    Event of Default
    
    
    717.2
    
    Remedies
    
    
    73ARTICLE 8. THE ADMINISTRATIVE AGENT
    
    
    748.1
    
    Appointment
    
    
    748.2
    
    Delegation of Duties
    
    
    758.3
    
    Exculpatory Provisions
    
    
    758.4
    
    Reliance by the Agents
    
    
    758.5
    
    Notice of Default
    
    
    768.6
    
    Non-Reliance on Agents and Other Lenders
    
    
    768.7
    
    Indemnification
    
    
    768.8
    
    Agents in Their Individual Capacity
    
    
    778.9
    
    Successor Administrative Agent
    
    
    778.10
    
    Limitations on Agents Liability
    
    
    77ARTICLE 9. MISCELLANEOUS PROVISIONS
    
    
    779.1
    
    No Assignment by Borrower
    
    
    779.2
    
    Modification
    
    
    789.3
    
    Cumulative Rights; No Waiver
    
    
    789.4
    
    Entire Agreement
    
    
    799.5
    
    Survival
    
    
    799.6
    
    Notices
    
    
    799.7
    
    Governing Law
    
    
    799.8
    
    Assignments,
Participations, Syndication, Etc.
    
    
    799.9
    
    Counterparts
    
    
    819.10
    
    Sharing of Payments
    
    
    819.11
    
    Confidentiality
    
    
    829.12
    
    Consent to Jurisdiction
    
    
    829.13
    
    Waiver of Jury Trial
    
    
    829.14
    
    Indemnity
    
    
    839.15
    
    Telephonic Instruction
    
    
    849.16
    
    Marshalling; Payments Set Aside
    
    
    849.17
    
    Set-off
    
    
    849.18
    
    Severability
    
    
    859.19
    
    No Third Parties Benefited
    
    
    859.20
    
    Time
    
    
    859.21
    
    Reinstatement
    
    
    85
 iii




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##### 



SCHEDULES AND EXHIBITS
 SCHEDULES:
 Schedule 4.1
    
    Material Obligations and LiabilitiesSchedule 4.6
    
    Material LitigationSchedule 4.7
    
    TaxesSchedule 4.9
    
    Subsidiary EntitiesSchedule 4.11
    
    ERISA ComplianceSchedule 4.14
    
    Required ConsentsSchedule 4.15
    
    Hazardous MaterialsSchedule 4.17
    
    Existing InsuranceSchedule 4.23(5)
    
    Purchase and Option AgreementsSchedule 4.27
    
    Taxpayer Identification NumberSchedule 5.1(2)
    
    Conditions to Funding of LoanSchedule 5.5
    
    Insurance RequirementsSchedule 6.5
    
    InvestmentsSchedule 6.6
    
    Affiliate TransactionsSchedule 6.12(1)
    
    LiensSchedule 6.21
    
    Permitted IndebtednessSchedule 9.6
    
    NoticesSchedule I
    
    Pro Rata SharesSchedule II
    
    Mortgaged Property/Operating Company Entitys/ Security Schedule II Instruments
 EXHIBITS
 Exhibit A-1
    
    Form of Carve-Out GuarantyExhibit A-2
    
    Form of Completion GuarantyExhibit B
    
    Form of Assignment and Acceptance AgreementExhibit C
    
    Form of Closing CertificateExhibit D
    
    [Reserved]Exhibit E
    
    Form of NoteExhibit F
    
    Form of Pledge AgreementExhibit G
    
    [Reserved]Exhibit H
    
    [Reserved]Exhibit I
    
    [Reserved]
 iv




---



##### 



Exhibit J
    
    [Reserved]Exhibit K
    
    [Reserved]Exhibit L
    
    Form of Environmental IndemnityExhibit M
    
    Form of Compliance CertificateExhibit N
    
    [Reserved]Exhibit O
    
    [Reserved]
 v




---



##### 



SENIOR MEZZANINE CREDIT AGREEMENT
 st Effective Date Lenders DBTCA Administrative Agent
 RECITALS
 Loan Acquisition
 Senior Credit Agreement ) st Effective Date Operating Company TOUSA Senior Senior Borrower Senior Borrower Senior Lenders Senior Administrative Agent Senior Loan
 Article I
  AGREEMENT
 ARTICLE 1.  DEFINED TERMS
 Defined Terms
 1




---



##### 



Account Collateral
 Act Section 4.13
 Administrative Agent
 Affiliate
 Agents
 Agreement
 ALTA
 Anti-Terrorism Laws Section 4.28(1)
 Applicable Base Rate
 Applicable LIBO Rate plus
 Appraisal
 2




---



##### 



Asset Purchase Agreement
 Assignee Section 9.8(1)
 Assignment and Acceptance Agreement Exhibit B
 Base Distribution Conditions Section
6.8(2)(iv)
 Base Rate
 Base Rate Loans
 Beneficial
 Bona Fide Sales Contract
 Borrower
 Borrower Parties
 Borrowing
 Borrowing Base
 Business Day
 Capital Stock
 Carveout Guaranties Exhibit A-2
 3




---



##### 



Cash Equivalents
 Casualty
 CERCLIS Section 4.15
 Change of Control
   Change in Law
 Closing Certificate Exhibit C
 Closing Date Section
5.1
 Code
 4




---



##### 



Collateral
 Compliance Certificate Section 5.1(3)(i)
 Condemnation
 Consolidated
 Consolidated Entity
 Consolidated Net Income
 Contact Office
 Contractual Obligation
 Control
 Credit Date
 DBTCA
 Deposit Account
 5




---



##### 



Disposition provided however,
 Distribution
 Dollars
 EBITDA minus plus
 Effective Date
 Eligible Assignee
   6




---



##### 



Section 2.18(5)
 Entitled Land
 Environmental Indemnity
 Environmental Law
 ERISA
 ERISA Affiliate
 ERISA Event
 7




---



##### 



Eurodollar Business Day
 Event of Default Section 7.1
 Evidence of No Withholding Section
2.18(5)
 Excluded Taxes Section 2.18(5) Section 2.18(5)
 Executive Order Section 4.28(1) Extension Period Section
2.6.
 F/R
Member
 Fair Market Value
 Federal Funds Rate
 8




---



##### 



Fee Letter
 Fiscal
Quarter fiscal quarter
 Fiscal Year fiscal year
 Foreign Lender
 GAAP provided Section 6.9
 Good Faith Contest
 Governmental Authority
 Guaranties Exhibit A-1 Exhibit A-2
 9




---



##### 



Guarantors
 Hazardous Materials
 Hazardous Materials Laws
 Hedging Contracts
 Impositions
 Improvements
 Increased-Cost Lender Section 2.16(3)
 Indebtedness
 10




---



##### 



plus
 Indebtedness Associated with Assets Not Owned
 Indemnified Liabilities Section
9.14
 Indemnified Person Section 9.14
 Indemnified Taxes
 Initial Maturity Date
 Insurance Requirements
 Interest Coverage Ratio
 11




---



##### 



Interest Expense
 Interest Incurred
 Interest Period Section 2.9(5) provided
 Interest Rate Contracts
 Interest Rate Determination Date
 Investment
 12




---



##### 



Investment Vehicle
 Investment Vehicle Limited Liability Company Agreement
 IRS
 Joint Venture
 Junior Mezzanine Administrative Agent
 Junior Mezzanine Borrower
 Junior Mezzanine Credit Agreement
 Junior Mezzanine Credit Documents
 13




---



##### 



Junior Mezzanine Debt Service
 Junior Mezzanine Indebtedness
 Junior Mezzanine Lenders
 Junior Mezzanine Loan
 Junior Mezzanine Note
 Junior Mezzanine Pledge Agreements
 Knowledge
 Lead Arranger
 Lease
 Lenders Section 9.8
 LIBO Rate
 14




---



##### 



LIBO Rate Loan
 LIBO Reserve Percentage
 Lien
 Loan
 Loan Documents
 Management Fee Payment Date
 Margin Stock
 Material Adverse Effect
 Maturity Date Section 2.6
 Mezzanine Agent
 15




---



##### 



Mezzanine Borrowers
 Mezzanine Credit Agreements
 Mezzanine Debt Service
 Mezzanine Funded Debt
 Mezzanine Lender
 Mezzanine Loan
 Mezzanine Loan Documents
 Model Homes
 Modifications
 Moodys
 Mortgaged Property
 Multiemployer Plan
 Non-Consenting Lender Section 2.16(3)
 Note Exhibit E
 16




---



##### 



NPL Section 4.15
 Obligations Section 9.21
 Officers Certificate
 Operating Company
 Operating Company Entities
 Ordinary Course of Business
 Originating Lender Section 9.8(4)
 Organizational Documents
 Other Charges
 17




---



##### 



Other Taxes
 Participant Section 9.8(4)
 Payment Date Section 2.9(3).
 PBGC
 Pension Plan
 Performance Letters of Credit
 Permitted Entitlement Cure Payment
 Permitted Entitlement Payment
 Permitted Management Fee Section 6.6
 Permitted Post Closing Sale Payments
 18




---



##### 



Permitted Tax Distribution
 Person
 Personal Property
 Plan
 Pledge Agreement Exhibit F
 Pledgor
 Potential Default
 Prime Rate
 Principal Office
 19




---



##### 



Priority Capital Investment
 Pro Rata Share
 Proceeds
 Property Property
 Purchase/Option Agreements Schedule 4.23(5) provided, however,
 Qualified Purchase/Option Agreement
 Qualified Option Land
 Rate Request Section 2.5(2).
 Real Property
 Register Section 9.8(2)
 Regulation D
 20




---



##### 



Regulation U
 Regulation T
 Regulation X
 Rents
 Replacement Lender Section 2.16(3)
 Reportable Event
 Required Lenders 2
 Requirements of Law
 21




---



##### 



Reserve Adjusted LIBO Rate
 Reserve Adjusted LIBO Rate =
    
    LR1-LRP
 
 Responsible Financial Officer
 Responsible Officer
 S&P
 Securities
 Seller
 Senior Administrative Agent
 Senior Borrowers
 Senior Borrowers Available Credit
 Senior Borrowers Net Worth
 Senior Credit Agreement
 22




---



##### 



Senior Credit Documents
 Senior Credit Party
 Senior Event of Default
 Senior Extension Period
 Senior Funded Debt
 Senior Guarantors
 Senior
Lenders
 Senior Loans
 Senior Obligations
 Senior Permitted Debt
  Schedule 6.21
 provided, however,
   Senior Permitted Encumbrances
 23




---



##### 



Schedule 6.12(1)
 provided, however,
        24




---



##### 



provided,
 Senior Security Instruments
 Senior Term Loan
 Senior Title Policy
 Single Purpose Entity Purpose
 25




---



##### 



Solvent
 Subordinated Creditor Section
5.15(1)
 Subordinated Indebtedness Section
5.15(1)
 Subsidiary
 Subsidiary Entities
 Survey
 26




---



##### 



Tax Affiliate
 Tax Returns Section 4.7
 Taxes
 Tenant
 Terminated Lender Section 2.16(3)
 Total Book Capitalization
 Total Funded Debt
 Total Utilization of Senior Revolving Commitments
 TOUSA
 TOUSA Guarantors
 TOUSA Member
 TOUSA Senior
 Transaction Parties
 Transactional Affiliate Section 6.6
 27




---



##### 



Transeastern Assets
 Transfer
 Type
  Unfunded Pension Liability
 Unentitled Land
 Unit
 Unrestricted Cash
 Upper Tier Entities
 USA Patriot Act Section 4.28(1)
 U.S. Government Obligations
 28




---



##### 



Other Interpretive Provisions.
              29




---



##### 



(provided
      30




---



##### 



ARTICLE 2.  CREDIT FACILITY
 Loan.
 Loan.
 No Reborrowing.
 Maturity Date.
 Borrowing Mechanics for the Loan.
   31




---



##### 



Reserved
 Reserved
 Funding of Borrowings
 Interest Elections
 Elections by the Borrower for the Borrowings Sections 2.2(a)(2)(iii) (iv)
 Notice of Elections Section 2.4 Exhibit D
 Information in Interest Election Requests Section 2.2
 clauses (C) (D)
   32




---



##### 



Notice by the Administrative Agent to Lenders.
 Failure to Elect; Potential Default and Events of Default.
 Extension of Initial Maturity Date.
 Section 2.6. Section 2.6 Extension Period Section 2.6(2) Extension Date
 Section 2.6(1)
 33




---



##### 



Extension
Fee
 Article 4
 Article 4
 Article 6;
     34




---



##### 



Section
2,6
 Manner of Payment of Loan; Evidence of Debt.
 Repayment.
 Manner of Payment.
 Section 2.9 Section 2.8.
 provided Section 2.4.
 35




---



##### 



Sections 2.15 2.17, 2.18 9.14
 Maintenance of Loan Accounts by Lenders.
 Maintenance of Loan Accounts by the Administrative Agent.
 Effect of Entries. Sections 2.7(3) (4)
 Promissory Notes.
 Repayment and Prepayment of the Loan
 Mandatory Prepayments.
   36




---



##### 



Optional Prepayments. Lockout Period
 Accrued Interest.
 Priority of Payments.
  Section 9.14
    37




---



##### 



Section 2.8(4)(i) Section 2.8(4)(i) Section 2.8(4)(i)
 Interest.
 Base Rate Loans.
 LIBO Rate Loans.
 Payment of Interest.
   Computations.
 Default Interest.
 Presumptions of Payment.
 38




---



##### 



Pro Rata Treatment.
  Inability to Determine Rates.
  Illegality.
  39




---



##### 



Section 2.17 Section 2.13.
 Funding.
  Increased Costs.
    Section 2.18
 40




---



##### 



Section
2.15
 Section 2.15 Section 2.15
 Obligation of Lenders to Mitigate: Defaulting Lenders; Replacement of
Lenders.
 Section 2.15 Section 2.18 Section 2.13 Section 2.15 Section 2.18 Section 2.5
  Increased-Cost Lender Section 2.13 Section 2.15 2.18 Section 9.2 Non-Consenting
Lender
 41




---



##### 



Terminated Lender Replacement Lender Section 9.8 provided Section 2.19 Section 2.15 2.18 provided,
 Funding Indemnification.
 Section 2.5 Section 2.5 over
 42




---



##### 



Taxes
 provided Section 2.18)
  Section 2.18)
   43




---



##### 



Section 2.18(5) Section 2.18(5) Section 2.18(1)
 Preferential Payments. Preferential Payment
 Credit Support
 Guaranties
 Pledge Agreement
 ARTICLE 3.  CONDITIONS PRECEDENT
 Conditions to Funding of the Loan
   Section 3.1
 44




---



##### 



45




---



##### 



Schedule 5.1(2)
      Outside Closing Date
 46




---



##### 



ARTICLE 4.  REPRESENTATIONS AND WARRANTIES
  Financial Condition
  Schedule 4.1 clause (1)
 No Material Adverse Effect
 Compliance with Laws
 Organization, Powers: Authorization; Enforceability.
  47




---



##### 



No Conflict
 48




---



##### 



No Material Litigation
 Taxes Tax Returns
 Schedule 4.7
  49




---



##### 



Regulated Entities
 Subsidiary Entities
 Federal Reserve Board Regulations
 ERISA Compliance
 Schedule 4.11
  50




---



##### 



Assets and Liens
 Section 4.1
 51




---



##### 



Section 6.4(6)
 Securities Acts
 Consents, Etc
 Hazardous Materials
 52




---



##### 



Intellectual Property
 Insurance
 53




---



##### 



Full Disclosure
 Brokers
 No Default
 Solvency
 Contractual Obligations
 Representations Regarding the Mortgaged Property
 Condemnation and Casualty
 Assessments
 54




---



##### 



Flood Plain.
 No Prior Assignment.
 Leases and Purchase/Option Agreements.
 Options to Acquire.
 55




---



##### 



Borrowing Base Certificates Section
5.1(9
 Use of Proceeds
 Single Purpose Entity
 Labor
 Taxpayer Identification Number Schedule 4.27
 Anti-Terrorism Laws
 Anti-Terrorism Laws Executive Order USA Patriot Act
    56




---



##### 



Anti-Terrorism
   clause (2) Anti-Terrorism
 ARTICLE 5.  AFFIRMATIVE COVENANTS
  Reporting Requirements
  Quarterly Reports
 clause (d)
 Annual Reports
 57




---



##### 



Compliance Certificate clauses (1) (2) Section 5.1
 Compliance
Certificate Section 6.9
  Projections/Business Plan
  Default Notices
  Notice of Litigation
  58




---



##### 



ERISA Matters
   Schedule B
 Environmental Matters
 Section 5.9 Section 5.9
 Reserved
 Other Information
  59




---



##### 



Maintenance of Existence and Rights
 Compliance with Laws; Forfeiture
 Access
 Insurance; Casualty; Condemnation; Restoration
 Insurance Section
5.5 Schedule 5.5
 60




---



##### 



Insurance Proceeds
 Books and Records
 Maintenance of Property
 Taxes
  61
        Environmental
    Business and Operations
 Title to the Mortgaged Property
 Loan Proceeds
 Hedging Arrangements
 Single Purpose Entities
 62




---



##### 



Subordination
 Section
6.8(1) Subordinated Creditor Subordinated Indebtedness
 Section 5.15
   63




---



##### 



Section 5.15 Section
5.15
 Further Assurances
  ARTICLE 6.  NEGATIVE COVENANTS
  Liens
 64




---



##### 



Indebtedness
 Fundamental Change
   Disposition
       65




---



##### 



Investments
  Schedule 6.5
           66




---



##### 



Section 6.5(8)
       Section 4.23
  Section 4.15
 67




---



##### 



Transactions with Affiliates
 Transactional Affiliate Schedule 6.6
 Modifications to Organizational Documents and Material Agreements
   Restricted Payments
  68




---



##### 



Base Distribution Conditions
   Section 6.9
      69




---



##### 



Section 2.6
    Financial Covenants
 Maximum Total Leverage
 Period
    

PercentageFrom December 31, 2005 to
December 31, 2006
    
    
    80
    %From December 31, 2006 to
September 30, 2007
    
    
    70
    %From September 30, 2007
    
    
    60
    %
 Maximum Senior Leverage
 Period
    

PercentageFrom December 31, 2005 to
December 31, 2006
    
    
    60
    %From December 31, 2006 to September 30,
2007
    
    
    50
    %From September 30, 2007
    
    
    40
    %
 70




---



##### 



Minimum Interest Coverage Ratio
 Minimum Net Worth
 Minimum Liquidity
 Sale Leaseback
 provided however
 Negative Pledges
  Covenants Regarding the Senior Loan
  ARTICLE 7.  EVENTS OF DEFAULT
 Event of Default
 71




---



##### 



Section 2.8(1)
  Article VI
 Section 7.1)
  provided however
 72




---



##### 



Remedies
  73




---



##### 



provided however Section 7.1(6)(ii)
       ARTICLE 8.  THE ADMINISTRATIVE AGENT
 Appointment
 74




---



##### 



Delegation of Duties
 Exculpatory Provisions
 Reliance by the Agents
 75




---



##### 



Notice of Default
 Non-Reliance on Agents and Other Lenders
 Indemnification
 76




---



##### 



Agents in Their Individual Capacity
 Successor Administrative Agent
 Limitations on Agents Liability
 ARTICLE 9.  MISCELLANEOUS PROVISIONS
 No Assignment by Borrower
 77




---



##### 



Modification
 Section 9.8 Section
2.6 Section 9.2
   Cumulative Rights; No Waiver
 78




---



##### 



Entire Agreement
 Survival
 Notices
 Governing Law
 Assignments, Participations, Syndication, Etc
 Assignee
  79




---



##### 



Participant Originating Lender Sections 2.13 2.15 2.18 Sections 2.15 2.16 9.8 Section 9.10
  80




---



##### 



Section 9.8
 Section 9.8(1)
  Counterparts
 Sharing of Payments
 81




---



##### 



Confidentiality
 Consent to Jurisdiction
 Waiver of Jury Trial
 82




---



##### 



Indemnity
 83




---



##### 



Section 9.14
 Telephonic Instruction
 Marshalling; Payments Set Aside
 Set-off
 84




---



##### 



Severability
 No Third Parties Benefited
 Time
 Reinstatement
  85




---



##### 



BORROWER:TE/TOUSA MEZZANINE, LLCBy:
    /s/ Tommy McAdenName:

    Tommy McAdenTitle:
    Executive Vice President




---



##### 



LENDERS AND AGENTS: DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and a LenderBy:
    /s/ James RolisonName:
    James RolisonTitle:
    DirectorBy:
    /s/  Linda WangName:
    Linda WangTitle:
    Vice President