EX-10.3






REVOLVING NOTE




June 5, 2012




FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to KEYBANK
NATIONAL ASSOCIATION, or its registered assigns (the “Lender”), in accordance with the
terms and conditions of the Credit Agreement (as hereinafter defined), the principal amount of each
Revolving Loan from time to time made by the Lender to the Borrower under that certain Credit
Agreement (as amended, restated, extended, supplemented, increased or otherwise modified in writing
from time to time, the “Credit Agreement”), dated as of June 5, 2012 by and among the
Borrower, the Guarantors, the Lenders identified therein and Bank of America, N.A., as
Administrative Agent. Capitalized terms used but not otherwise defined herein have the meanings
provided in the Credit Agreement.



The Borrower promises to pay interest on the unpaid principal amount of each Revolving Loan from
the date of such Revolving Loan until such principal amount is paid in full, at such interest rates
and at such times as provided in the Credit Agreement. All payments of principal and interest
shall be made to the Administrative Agent for the account of the Lender in Dollars in immediately
available funds at the Administrative Agent’s Office. If any amount is not paid in full when due
hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date
thereof until the date of actual payment (and before as well as after judgment) computed at the per
annum rate set forth in the Credit Agreement.



This Note is one of the Notes referred to in the Credit Agreement, is entitled to the benefits
thereof and may be prepaid in whole or in part subject to the terms and conditions provided
therein. Upon the occurrence and continuation of one or more of the Events of Default specified in
the Credit Agreement, all amounts then remaining unpaid on this Note, upon written notice to the
Borrower, may be declared to be, immediately due and payable all as provided in the Credit
Agreement. Revolving Loans made by the Lender may be evidenced by one or more loan accounts or
records maintained by the Lender in the ordinary course of business. The Lender may also attach
schedules to this Note and endorse thereon the date, amount and maturity of its Revolving Loans and
payments with respect thereto.



Except as otherwise provided for in the Credit Agreement, the Borrower, for itself, its successors
and assigns, hereby waives diligence, presentment, protest and demand and notice of protest,
demand, dishonor and nonpayment of this Note.



THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO
CONFLICT OF LAWS PRINCIPLES.



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IN WITNESS WHEREOF, the Borrower has caused this Note to be duly executed by its duly
authorized officer as of the day and year first written above.




GRIFFIN-AMERICAN HEALTHCARE


REIT II HOLDINGS, LP,


a Delaware limited partnership,


its Sole Member



	 	 	 
	By:
	 	Griffin-American Healthcare REIT II, Inc.,

its General Partner

	By:

Name:

Title:
	 	/s/ Shannon K S Johnson

Shannon K S Johnson

Chief Financial Officer








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