0001104659-06-064175 Sample Contracts

Amended and Restated Change of Control Agreement
Meritage Homes CORP • October 2nd, 2006 • Operative builders • Texas

The Board of Directors continues to believe that it is in the best interests of Meritage Homes Corporation (“Meritage”) to take appropriate steps to allay any concerns you may have about your future employment opportunities with Meritage and its subsidiaries (Meritage and its subsidiaries are collectively referred to as the “Company”). As a result, the Board has decided to offer to you the benefits described below. This Amended and Restated Change of Control Agreement supersedes and replaces the Change of Control Agreement dated December 5, 2005.

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SANDRA KARRMANN EMPLOYMENT AGREEMENT
Sandra Karrmann Employment Agreement • October 2nd, 2006 • Meritage Homes CORP • Operative builders • Texas

This Employment Agreement (the “Agreement”) is effective as of September 26, 2006 by and between Meritage Homes Corporation, a Maryland corporation (the “Company”) and Sandra R.A. Karrmann, an individual (“Executive”).

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