Advisory Agreement Renewal Letter between Universal Health Realty Income Trust and UHS of Delaware, Inc. (2013)
Universal Health Realty Income Trust (UHT) offers to renew its Advisory Agreement with UHS of Delaware, Inc. for another year, through December 31, 2013. The agreement continues under the same terms as before, except the annual advisory fee increases from 0.65% to 0.70% of UHT's average invested real estate assets. UHS of Delaware, Inc. must accept the renewal by signing and returning the letter. This document formalizes the renewal and fee adjustment between the two parties.
Exhibit 10.2
December 6, 2012
Steve Filton
Senior Vice President & CFO
UHS of Delaware, Inc.
367 South Gulph Road
King of Prussia, PA 19406
Dear Steve;
The Board of Trustees of Universal Health Realty Income Trust (“UHT”), at today’s meeting, authorized the renewal of the current Advisory Agreement between UHT and UHS of Delaware, Inc. (“the Agreement”) upon substantially the same terms and conditions contained in that Agreement, except that the annual advisory fee will be increased from .65 percent to .70 percent of the Average Invested Real Estate Assets of the Trust, as defined in the Agreement. This letter constitutes Universal Health Realty Income Trust’s offer to renew the Agreement, through December 31, 2013, upon the terms and conditions approved at today’s meeting.
Please acknowledge UHS of Delaware’s acceptance of this offer by signing in the space provided below and returning one copy of this letter to me. Thank you.
Sincerely,
| /s/ Cheryl K. Ramagano |
| Cheryl K. Ramagano |
| Vice President and Treasurer |
| Agreed and Accepted: | ||
| UHS OF DELAWARE, INC. | ||
| By: | /s/ Steve Filton | |
| Steve Filton | ||
| Senior Vice President and CFO | ||
| CC: | Charles Boyle | |
