0001001604-05-000281 Sample Contracts

THIRD AMENDMENT TO LEASE AGREEMENT (HENDERSON, TX) Dated as of June 30, 2005 (the “Effective Date”)
Lease Agreement • August 15th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities

HR ACQUISITION OF SAN ANTONIO, LTD. (f/k/a Capstone Capital of San Antonio, Ltd.), an Alabama limited partnership (“Lessor”), ESC IV, L.P., a Washington limited partnership doing business in Texas as Texas-ESC IV, L.P. (“Lessee”), and EMERITUS CORPORATION, a Washington corporation and DANIEL R. BATY, an individual resident of the State of Washington (collectively, “Guarantor”), agree as follows:

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Real Property Purchase and Sale Agreement Green Valley, Arizona
Real Property Purchase and Sale Agreement • August 15th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities • Washington

This Real Property Purchase and Sale Agreement (this “Agreement”) is made and entered into as of May 20, 2005 (the “Effective Date”), by and between PIONEER HEALTH MANAGEMENT CORPORATION, an Arizona corporation (or its assigns as permitted herein) (“Buyer”), and EMERITUS CORPORATION, a Washington corporation (“Seller”).

FIRST AMENDMENT TO LEASE AGREEMENT (MASTER LEASE) Dated as of June 30, 2005 (the “Effective Date”)
Lease Agreement • August 15th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities

HR ACQUISITION I CORPORATION, a Maryland corporation, HR ACQUISITION OF PENNSYLVANIA, INC. a Pennsylvania corporation, formerly known as Capstone Capital of Pennsylvania, Inc. and HRT HOLDINGS, INC. (“Lessor”) and EMERITUS CORPORATION, a Washington corporation (“Lessee”) agree as follows:

LOAN AGREEMENT BETWEEN HEALTHCARE REALTY TRUST INCORPORATED AND EMERITUS CORPORATION June 30, 2005
Loan Agreement • August 15th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities

THIS LOAN AGREEMENT (“Agreement”) is made and entered into effective as of June 30, 2005 (the “Effective Date”) between EMERITUS CORPORATION, a corporation organized under the laws of the State of Washington, having its chief executive office at 3131 Elliott Avenue, Suite 500, Seattle, Washington, 98121, and HEALTHCARE REALTY TRUST INCORPORATED, a corporation organized under the laws of the State of Maryland, having an address of 3310 West End Avenue, Suite 400, Nashville, Tennessee, 37203.

EMERITUS CORPORATION AGREEMENT REGARDING SERIES B CONVERTIBLE PREFERRED STOCK
Agreement Regarding Series • August 15th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities • Washington

This Agreement entered into as of May __, 2005 is between Emeritus Corporation (the "Company"), Saratoga Partners IV, L.P., Saratoga Management Company LLC and Saratoga Coinvestment IV LLC (collectively, the "Saratoga Entities").

FIRST AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT
Master Lease Agreement • August 15th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities

THIS FIRST AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (“First Amendment”) is dated as of June ___, 2005 (the “First Amendment Effective Date”) by and among HEALTH CARE REIT, INC., a corporation organized under the laws of the State of Delaware (“HCRI” and a “Landlord”), HCRI MISSISSIPPI PROPERTIES, INC, a corporation organized under the laws of the State of Mississippi (“HCRI-MS” and a “Landlord”), HCRI MASSACHUSETTS PROPERTIES TRUST II, a business trust organized under the laws of the Commonwealth of Massachusetts (“HCRI-MA” and a “Landlord”), and HCRI TEXAS PROPERTIES, LTD., a limited partnership organized under the laws of the State of Texas (“HCRI-TX” and a “Landlord”), each Landlord having its principal office located at One SeaGate, Suite 1500, P.O. Box 1475, Toledo, Ohio 43603-1475, and EMERITUS CORPORATION, a corporation organized under the laws of the State of Washington (“Tenant”), having its chief executive office located at 3131 Elliott Avenue, Suite 500, Seat

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