MERITAGE HOMES CORPORATION 1,635,000 Shares Common Stock ($.01 Par Value) UNDERWRITING AGREEMENTUnderwriting Agreement • March 2nd, 2005 • Meritage Homes CORP • Operative builders • New York
Meritage Homes Corporation, a Maryland corporation (the “Company”), proposes to issue and sell and the persons named in Schedule B annexed hereto (the “Selling Stockholders”) propose to sell to the underwriters named in Schedule A annexed hereto (the “Underwriters”) an aggregate of 1,500,000 shares (the “Firm Shares”) of Common Stock, $.01 par value (the “Common Stock”) of the Company of which 900,000 shares are to be issued and sold by the Company and an aggregate of 600,000 shares are to be sold by the Selling Stockholders in the respective amounts set forth under the caption “Firm Shares” in Schedule B annexed hereto. In addition, solely for the purpose of covering over-allotments, the Company proposes to grant to the Underwriters the option to purchase from the Company up to an additional 135,000 shares of Common Stock (the “Additional Shares”). The Firm Shares and the Additional Shares are hereinafter collectively sometimes referred to as the “Shares.” The Shares are described in
