SUPPLEMENTAL CONTRACTOR AGREEMENT



This Supplementary - Explanatory Contractor Agreement (the "Agreement") is

entered into effective as of the 4th day of January 2001, by and between NEWMARK

HOMES CORP., a former Nevada corporation and now a Delaware Corporation

("NEWMARK") and TECHNICAL OLYMPIC S.A., a Greek corporation ("CONTRACTOR")

through its registered branches in Texas, Tennessee, North Carolina or Florida.



                                    RECITALS



WHEREAS, on November 6th, 2000, a Contractor Agreement between NEWMARK and the

CONTRACTOR, was signed.



WHEREAS, NEWMARK and the CONTRACTOR desire to complete and clarify hereof the

Contractor Agreement dated November 6th 2000.



WHEREAS, NEWMARK desires for its subsidiaries and affiliates in Texas,

Tennessee, North Carolina or Florida the ("Newmark Entities") to receive

economic benefits by utilizing the services of CONTRACTOR, for a total contract

value of ONE HUNDRED FIFTY TWO MILLION FOUR HUNDRED TWENTY FIVE THOUSAND DOLLARS

($152.425.000); that is:



a.       Texas - one hundred three million four hundred ninety three thousand -

         dollars ($103.493.000)



b.       Tennessee - six million six hundred fourteen thousand dollars

         ($6.614.000)



c.       North Carolina - three million five hundred forty four thousand dollars

         ($3.544.000)



d.       Florida - thirty eight million seven hundred seventy four thousand

         dollars ($38.774.000)



WHEREAS, CONTRACTOR is willing to provide such services for the business

operations of the Newmark Entities in Texas, Tennessee North Carolina or

Florida;



WHEREAS, for such purpose, NEWMARK will cause the Newark Entities in Texas,

Tennessee North Carolina or Florida to assign their respective rights under

certain construction and other contracts currently in effect and certain future

construction and other contracts (the "Assigned Construction Contracts") to

CONTRACTOR, and CONTRACTOR will assume the Assigned Construction Contracts,

subject to the terms and conditions set forth herein;



WHEREAS, CONTRACTOR will enter into certain other or additional construction

contracts for the operations of the Newmark Entities in Texas, Tennessee, North

Carolina or Florida (such contracts collectively with the Assigned Construction

Contracts, the "Contracts");



WHEREAS, CONTRACTOR and NEWMARK desire to document their agreements;



NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, that in consideration of the

mutual benefits to assure to each of the parties hereof, the receipt and

sufficiency of which are hereby acknowledged, NEWMARK and CONTRACTOR hereby

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