<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
March 20, 1998
- --------------------------------------------------------------------------------
Date of Report (Date of earliest event reported)
PULTE CORPORATION
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Michigan 1-9804 38-2766606
- ---------------------------- ------------ -------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
33 Bloomfield Hills Pkwy., Suite 200, Bloomfield Hills, Michigan 48304
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (248) 647-2750
--------------
Not Applicable
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE> 2
FORM 8-K
Item 5. Other Events.
On March 20, 1998, Pulte Corporation (the "Company") entered into an
indenture supplement with The Bank of New York as Successor Trustee to
NationsBank of Georgia, National Association, concerning $100,000,000 aggregated
principal amount of 7% senior notes of the Company due 2003, and $115,000,000
aggregated principal amount of 8-3/8% senior notes of the Company due 2004.
On March 20, 1998, the Company entered into an indenture supplement
with The First National Bank of Chicago, a national banking association,
concerning $125,000,000 aggregated principal amount of 7.3% senior notes of the
Company due 2005, and $120,000,000 aggregated principal amount of 7.625% senior
notes of the Company due 2017.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
4.1 Indenture supplement (to indenture filed as Exhibit 4.1 to
registration statement on Form S-3 (33-71742)).
4.2 Indenture supplement (to indenture filed as Exhibit 1 to Form
8-K dated October 20, 1995).
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this Report to be signed on its behalf
by the undersigned hereunto duly authorized.
PULTE CORPORATION
By: /s/ John R. Stoller
----------------------------------
John R. Stoller
Vice President, General Counsel
and Secretary
Dated: March 23, 1998
<PAGE> 3
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
----------- -----------
4.1 Indenture supplement (to indenture filed as Exhibit
4.1 to registration statement on Form S-3
(33-71742)).
4.2 Indenture supplement (to indenture filed as Exhibit 1
to current report on Form 8-K dated October 20,
1995).
<PAGE> 1
EXHIBIT 4.1
-------------------------------------------------
PULTE CORPORATION
-------------------------
INDENTURE SUPPLEMENT
DATED AS OF MARCH 20, 1998
-------------------------
THE BANK OF NEW YORK
TRUSTEE
-------------------------------------------------
SENIOR DEBT SECURITIES
<PAGE> 2
INDENTURE SUPPLEMENT dated as of March 20, 1998, among PULTE
CORPORATION, a Michigan corporation ("Company"), located at 33 Bloomfield Hills
Parkway, Suite 200, Bloomfield Hills, Michigan 48304, THE BANK OF NEW YORK, as
Successor Trustee to NationsBank of Georgia, National Association ("Trustee"),
PULTE HOME CORPORATION ("Pulte Home"), and the subsidiaries of Pulte Home set
forth on the signature pages hereto (Pulte Home and such wholly-owned
subsidiaries and, as applicable, any successor who replaces such Guarantor
pursuant to the applicable provisions of this Indenture Supplement and,
thereafter, such successor, all together the "Guarantors").
The Company, the Trustee and the Guarantors have entered into an
Indenture dated as of December 1, 1993 as amended by the Indenture Supplement
dated as of August 27, 1997 (the "Indenture") pursuant to which the Trustee acts
as trustee for the holders of the Company's 7% Senior Notes due December 20,
2003 and the Company's 8-3/8% Senior Notes due August 23, 2004. Capitalized
terms used in this Indenture Supplement and not otherwise defined shall have the
meanings set forth in the Indenture.
Builders' Supply & Lumber Co., Inc. ("BSL"), a Michigan corporation, is
a Guarantor and Restricted Subsidiary under the Indenture.
BSL desires to sell substantially all of its assets to BSL Acquisition
Corp. pursuant to the Asset Purchase Agreement dated as of February 6, 1998
among BSL Acquisition Corp., BSL and Pulte Home Corporation.
The parties hereto desire to amend the Indenture to release BSL as a
Guarantor and to waive the Indenture provisions applicable to such sale in order
to allow the proposed sale to take place.
Section 902 of the Indenture permits the Company and the Trustee to
execute supplements to the Indenture for the purpose of amending the terms of
the Indenture with the consent of the Holders of not less than a majority in the
principal amount of all Outstanding Securities affected by such supplemental
indenture.
Pursuant to a solicitation of Bondholder consents dated February 23,
1998, consents from Holders of Outstanding Securities sufficient to approve this
Supplemental Indenture have been received, and the other requirements for
execution of this Supplemental Indenture have been satisfied.
NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:
For and in consideration of the premises and the mutual covenants and
agreements contained herein and subject to consummation of the sale of the
assets of BSL to BSL Acquitisition Corp., as described above, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all Holders of
the Securities or of series thereof, as follows:
1. BSL is hereby released as a Guarantor under the Indenture and is
hereby released from and relieved of its obligations under Article Sixteen of
the Indenture.
<PAGE> 3
2. The Indenture provisions applicable to the sale of the assets of BSL
are hereby waived.
3. The Indenture, as supplemented by and together with this Indenture
Supplement, shall be read, taken and construed as one and the same instrument.
4. This Indenture Supplement may be executed in any number of
counterparts, each of which so executed shall be deemed an original, but all of
such counterparts shall together constitute but one and the same instrument.
5. This Indenture Supplement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to the
principles of conflicts of laws.
IN WITNESS WHEREOF, the parties hereto have caused this Indenture
Supplement to be duly executed as of the day and year first above written.
THE BANK OF NEW YORK,
as Trustee
By: /s/ Heidi Van Horn-Bash
------------------------------
Name: Heidi Van Horn-Bash
Title: Agent
PULTE CORPORATION
By: /s/ Vincent J. Frees
------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
---------------------------
BUILDERS' SUPPLY & LUMBER CO., INC.
By: /s/ Vincent J. Frees
------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
---------------------------
-2-
<PAGE> 4
CAMBRIDGE SOFTWARE, INC.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------------
CANTERBURY COMMUNITIES, INC.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------------
CANTERBURY DIVERSIFIED BUILDING
CORP.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
---------------------------
CEIBA HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
---------------------------
CHARLOTTE CLASSIC HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-------------------------
-3-
<PAGE> 5
DEAN REALTY COMPANY
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-----------------------
GREENSBORO CLASSIC HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-----------------------
GULF PARTNERS, INC.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-----------------------
GURABO HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-----------------------
JAMES T. LYNCH, INC.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-----------------------
-4-
<PAGE> 6
OAKTON BUILDING CORPORATION
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-----------------------
PALMVILLE DEVELOPMENT CORP.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-----------------------
PHC TITLE CORPORATION
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-----------------------
PHT TITLE CORPORATION
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------
PBW CORPORATION
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------
PHM REALTY, INC.
By: /s/ Vincent J. Frees
---------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------
-5-
<PAGE> 7
PRESERVE I, INC.
(f/k/a Marengo corporation)
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------
PRESERVE II, INC.
(f/k/a Pine Ridge Building Corporation)
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------
PULTE DEVELOPMENT CORPORATION
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------
PULTE HOME CARRIBEAN CORPORATION
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------
PULTE HOME CORPORATION
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
----------------------
-6-
<PAGE> 8
PULTE HOME CORPORATION OF
THE DELAWARE VALLEY
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-------------------------
PULTE HOME CORPORATION
OF MASSACHUSETTS
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-------------------------
PULTE HOMES OF TEXAS L.P.
By Pulte Nevada I, Inc.
Its General Partner
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOMES OF GREATER KANSAS
CITY, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOMES OF MICHIGAN CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-7-
<PAGE> 9
PULTE HOMES OF MINNESOTA
CORPORATION (f/k/a Marv
Anderson Homes, Inc.)
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOMES OF OHIO CORPORATION
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOMES OF SOUTH CAROLINA, INC.
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE LAND DEVELOPMENT CORPORATION
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE LIFESTYLE COMMUNITIES, INC.
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-8-
<PAGE> 10
PULTE PAYROLL CORPORATION
By: /s/ Vincent J. Frees
------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
RALEIGH CLASSIC HOMES, INC.
By: /s/ Vincent J. Frees
------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
SALINAS BUILDERS, INC.
By: /s/ Vincent J. Frees
------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
SALINAS HOMES, INC.
By: /s/ Vincent J. Frees
------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
SEAN/CHRISTOPHER HOMES, INC.
By: /s/ Vincent J. Frees
------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-9-
<PAGE> 11
SPRINGFIELD GOLF CLUB, INC.
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
WIL CORPORATION
By: /s/ Vincent J. Frees
----------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-10-
<PAGE> 1
EXHIBIT 4.2
-------------------------------------------------
PULTE CORPORATION
-------------------
INDENTURE SUPPLEMENT
DATED AS OF MARCH 20, 1998
-------------------
THE FIRST NATIONAL BANK OF CHICAGO
TRUSTEE
-------------------------------------------------
SENIOR DEBT SECURITIES
<PAGE> 2
INDENTURE SUPPLEMENT dated as of March 20, 1998, among PULTE
CORPORATION, a Michigan corporation ("Company"), located at 33 Bloomfield Hills
Parkway, Suite 200, Bloomfield Hills, Michigan 48304, THE FIRST NATIONAL BANK OF
CHICAGO ("Trustee"), PULTE HOME CORPORATION ("Pulte Home"), and the subsidiaries
of Pulte Home set forth on the signature pages hereto (Pulte Home and such
wholly-owned subsidiaries, all together the "Guarantors").
The Company, the Trustee and the Guarantors have entered into an
Indenture dated as of October 24, 1995, as amended by the Indenture Supplement
thereto dated as of August 27, 1998, (the "Indenture") pursuant to which the
Trustee acts as trustee for the holders of the Company's 7.3% Senior Notes due
October 24, 2005 and the Company's 7.625% Senior Notes due October 15, 2017.
Capitalized terms used in this Indenture Supplement and not otherwise defined
shall have the meanings set forth in the Indenture.
Builders' Supply & Lumber Co., Inc. ("BSL"), a Michigan corporation, is
a Guarantor and Restricted Subsidiary, under the Indenture.
BSL desires to sell substantially all of its assets to BSL Acquisition
Corp. pursuant to the Asset Purchase Agreement dated as of February 6, 1998
among BSL Acquition Corp., BSL and Pulte Home Corporation.
The parties hereto desire to amend the Indenture to release BSL as a
Guarantor and to waive the Indenture provisions applicable to such sale in order
to allow the proposed sale to take place.
Section 902 of the Indenture permits the Company and the Trustee to
execute supplements to the Indenture for the purpose of amending the terms of
the Indenture with the consent of the Holders of not less than a majority in the
principal amount of all Outstanding Securities affected by such supplemental
indenture.
Pursuant to a solicitation of Bondholder consents dated February 23,
1998, consents from Holders of Outstanding Securities sufficient to approve this
Supplemental Indenture have been received, and the other requirements for
execution of this Supplemental Indenture have been satisfied.
NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:
For and in consideration of the premises and the mutual covenants and
agreements contained herein and subject to the consummation of the sale of the
assets of BSL to BSL Acquition Corp., as described above, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all Holders of
the Securities or of series thereof, as follows:
1. BSL is hereby released as a Guarantor under the Indenture and is
hereby released from and relieved of its obligations under Article Sixteen of
the Indenture.
<PAGE> 3
2. The Indenture provisions applicable to the sale of the assets of BSL
are hereby waived.
3. The Indenture, as supplemented by and together with this Indenture
Supplement, shall be read, taken and construed as one and the same instrument.
4. This Indenture Supplement may be executed in any number of
counterparts, each of which so executed shall be deemed an original, but all of
such counterparts shall together constitute but one and the same instrument.
5. This Indenture Supplement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to the
principles of conflicts of laws.
IN WITNESS WHEREOF, the parties hereto have caused this Indenture
Supplement to be duly executed as of the day and year first above written.
THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
By: /s/ John R. Prendiville
---------------------------------
Name: John R. Prendiville
Title: Vice President
PULTE CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
BUILDERS' SUPPLY & LUMBER CO., INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
-2-
<PAGE> 4
CAMBRIDGE SOFTWARE, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
CANTERBURY COMMUNITIES, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
CANTERBURY DIVERSIFIED BUILDING
CORP.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
CEIBA HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
CHARLOTTE CLASSIC HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-3-
<PAGE> 5
DEAN REALTY COMPANY
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
GREENSBORO CLASSIC HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
GULF PARTNERS, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
GURABO HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
JAMES T. LYNCH, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-4-
<PAGE> 6
OAKTON BUILDING CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PALMVILLE DEVELOPMENT CORP.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PHC TITLE CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PHT TITLE CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PBW CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PHM REALTY, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-5-
<PAGE> 7
PRESERVE I, INC.
(f/k/a Marengo corporation)
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PRESERVE II, INC.
(f/k/a Pine Ridge Building Corporation)
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE DEVELOPMENT CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOME CARRIBEAN CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOME CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-6-
<PAGE> 8
PULTE HOME CORPORATION OF
THE DELAWARE VALLEY
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOME CORPORATION
OF MASSACHUSETTS
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOMES OF TEXAS L.P.
By Pulte Nevada I, Inc.
Its General Partner
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOMES OF GREATER KANSAS
CITY, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOMES OF MICHIGAN CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-7-
<PAGE> 9
PULTE HOMES OF MINNESOTA
CORPORATION
(f/k/a Marv Anderson Homes, Inc.)
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOMES OF OHIO CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE HOMES OF SOUTH CAROLINA, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE LAND DEVELOPMENT CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-8-
<PAGE> 10
PULTE LIFESTYLE COMMUNITIES, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
PULTE PAYROLL CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
RALEIGH CLASSIC HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
SALINAS BUILDERS, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
SALINAS HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
SEAN/CHRISTOPHER HOMES, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-9-
<PAGE> 11
SPRINGFIELD GOLF CLUB, INC.
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
WIL CORPORATION
By: /s/ Vincent J. Frees
---------------------------------
Name: Vincent J. Frees
Title: Vice President
Attest: /s/ Calvin R. Boyd
------------------------
-10-
