EXHIBIT 10.3



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|If to Pledgor: |  | Alterra Healthcare Corporation
10000 Innovation Drive
Milwaukee, Wisconsin 53226
Attention:  Mark W. Ohlendorf
Facsimile: (414) 918-5055
|-------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------

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|With a copy to:      |  | Rogers & Hardin LLP
2700 International Tower
229 Peachtree Street, N.E.
Atlanta, Georgia 30303-1601
Attention:  Miriam J. Dent
Facsimile: (404) 525-2224                                 
|-------------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                     |  |                                                                                                                                                                                          
|If to Secured Party: |  | Nationwide Health Properties, Inc.
610 Newport Center Drive, Suite 1150
Newport Beach, California 92660-6429
Attention:  President and General Counsel
Facsimile: (949) 759-6876         
|                     |  |                                                                                                                                                                                          
|And:                 |  | JER Partners
1650 Tysons Boulevard, Suite 1600
McLean, Virginia 22101
Attention: Paul A. Froning
Facsimile: (703) 714-8060 and
Attention:  Daniel T. Ward, Esq.
Facsimile: (703) 714-8102
|                     |  |                                                                                                                                                                                          
|With a copy to:      |  | O'Melveny & Myers LLP
610 Newport Center Drive, Suite 1700
Newport Beach, California 92660-6429
Attention:  Steven L. Edwards
Facsimile: (949) 823-6994                                  
|                     |  |                                                                                                                                                                                          
|And:                 |  | Pircher, Nichols & Meeks
1925 Century Park East, Suite 1700
Los Angeles, California 90067
Attention:  Stevens A. Carey, Esq.
Facsimile: (310) 201-8922                                   

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|By: |  | JER/NHP SENIOR HOUSING, LLC,
a Delaware limited liability company,
its sole member
|--- |  | ----------------------------------------------------------------------------------
|    |  |                                                                                   
|    |  |                                                                                   

| |  | By: |  | NATIONWIDE HEALTH PROPERTIES, INC.,
a Maryland corporation,
its managing member                    
| |  | --- |  | ---------------------------------------------------------------------------------------------------
| |  |     |  |                                                                                                    
| |  |     |  |                                                                                                    
| |  |     |  | By:  /s/ Donald D. Bradley
Name:  Donald D. Bradley
Title:  Senior Vice President & General Counsel

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|    |  |                                                                                      
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|    |  |                                                                                      
|By: |  | JER/NHP MANAGEMENT TEXAS, LLC,
a Texas limited liability company,
its general partner
|    |  |                                                                                      
|    |  |                                                                                      

| |  |  |  | By:  /s/ Donald D. Bradley
Name:  Donald D. Bradley
Title:  Manager
| |  |  |  | -------------------------------------------------------------------

|By: |  | JER/NHP SENIOR HOUSING, LLC,
a Delaware limited liability company,
its sole member
|--- |  | ----------------------------------------------------------------------------------
|    |  |                                                                                   
|    |  |                                                                                   
|By: |  | NATIONWIDE HEALTH PROPERTIES, INC.,
a Maryland corporation,
its managing member   
|    |  |                                                                                   
|    |  |                                                                                   
|    |  |                                                                                   

| |  |  |  | By:  /s/ Donald D. Bradley
Name:  Donald D. Bradley
Title:  Senior Vice President & General Counsel
| |  |  |  | ---------------------------------------------------------------------------------------------------

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|Company                          |  | CertificateNumber |  | Number ofShares |  | Dated            |  | Listed Shareholder                                                       | 
|-------------------------------- |  | ----------------- |  | --------------- |  | ---------------- |  | ------------------------------------------------------------------------ | 
|ALS Leasing, Inc.                |  | 2                 |  | 100 Common      |  | February 6, 2002 |  | Alterra Healthcare Corporation                                           | 
|Assisted Living Properties, Inc. |  | 1                 |  | 500 Common      |  | February 8, 1996 |  | Sterling House Corporation (now known as Alterra Healthcare Corporation) | 

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