THIRD AMENDMENT TO CREDIT AGREEMENT
THIS THIRD AMENDMENT TO CREDIT AGREEMENT (this “Agreement”) is made as of June 27,
2007 between SUNRISE SENIOR LIVING, INC. a Delaware corporation (the “Company”), and BANK OF
AMERICA, N.A., as Administrative Agent, Swing Line Lender and Letter of Credit Issuer (the “Administrative
Agent”) for itself and certain additional lenders who are or shall be from time to time participating as lenders
pursuant to the Credit Agreement as hereinafter defined (collectively with the Administrative Agent, the
A. The Lenders have made a Credit Facility available to the Company in the maximum principal sum at any
one time outstanding of $250,000,000.
B. The Credit Facility is governed by a Credit Agreement dated December 2, 2005 as amended by that
certain First Amendment to Credit Agreement dated March 6, 2006 and that certain Second Amendment to
Credit Agreement dated January 31, 2007 (as amended by this Agreement, and as further amended, modified,
substituted, extended and renewed from time to time the “Credit Agreement”) by and between the Company and
C. The Credit Facility is guaranteed by the Guarantors pursuant to the terms of the Credit Agreement.
D. The Company and the Lenders have agreed to (i) modify the delivery deadlines for certain financial
statements; (ii) increase the applicable interest rate of the Loan until delivery of the delayed financial statements;
and (iii) make such other changes to the Credit Agreement as are more particularly set forth herein.
E. As a condition precedent to the agreements referenced above, the Administrative Agent has required that
this Agreement be executed and delivered to the Administrative Agent on behalf of the Lenders.
NOW, THEREFORE, in consideration of the premises, the mutual agreements herein contained, and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the