1 EXHIBIT 10.3 SHAREHOLDERS' AGREEMENT This SHAREHOLDERS' AGREEMENT (the "Agreement"), dated as of July 14, 1998, is made by and among American Retirement Corporation, a Tennessee corporation ("ARC"), and Robert G. Roskamp ("Roskamp"). WHEREAS,...Shareholders Agreement • November 5th, 1998 • American Retirement Corp • Services-skilled nursing care facilities • Tennessee
WITNESSETH:Registration Rights Agreement • November 5th, 1998 • American Retirement Corp • Services-skilled nursing care facilities • Tennessee
WITNESSETH:Consulting Agreement • November 5th, 1998 • American Retirement Corp • Services-skilled nursing care facilities • Tennessee
