AMEND NO.1 TO AIRCRAFT TIME SHARING AGREEMENT

Aircraft Lease Agreement

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LENNAR CORP /NEW/

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Title: AMEND NO.1 TO AIRCRAFT TIME SHARING AGREEMENT
Date: 2/9/2006
Industry: Construction Services Sector: Capital Goods

AMEND NO.1 TO AIRCRAFT TIME SHARING AGREEMENT, Parties: lennar corp /new/

EXHIBIT 10.16

AMENDMENT No. 1

AIRCRAFT TIME-SHARING AGREEMENT

This Amendment No. 1 to Aircraft Time-Sharing Agreement (“Amendment”) is done as of this 1st day of September , 2005 by and between US Home Corporation (“Lessor”) and Stuart Miller (“Lessee”) (collectively the “Parties”). The Time-Sharing Agreement concluded by and between Lessor and Lessee on August 17, 2005 (“Agreement”) is hereby amended as follows:

1. The second sentence of Article 10(a) is hereby replaced in its entirety with the words:

“Lessee’s use shall include use of the Aircraft for the benefit of any related family member as w

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