Agreement to Renew Advisory Agreement between Universal Health Realty Income Trust and UHS of Delaware, Inc.

Summary

Universal Health Realty Income Trust and UHS of Delaware, Inc. have agreed to renew their existing Advisory Agreement for another year, until December 31, 2003. The renewal is on the same terms and conditions as the previous agreement. The renewal was authorized by the Trust's Board of Trustees and accepted by UHS of Delaware, Inc. Both parties confirm their continued business relationship under the established agreement.

EX-10.3 4 dex103.htm AGREEMENT TO RENEW ADVISORY AGREEMENT Agreement to renew Advisory Agreement

EXHIBIT 10.3


UNIVERSAL HEALTH REALTY INCOME TRUST		Universal Corporate Center

		367 South Gulph Road

		P.O. Box 61558

		King of Prussia, Pennsylvania ###-###-####

		(610) 265-0688

December 31, 2002

Mr. Alan B. Miller

President

UHS of Delaware, Inc.

367 South Gulph Road

King of Prussia, PA 19406

Dear Alan:

The Board of Trustees of Universal Health Realty Income Trust, at their December 2, 2002 meeting, authorized the renewal of the current Advisory Agreement between the Trust and UHS of Delaware, Inc. (“Agreement”) upon the same terms and conditions.

This letter constitutes the Trust’s offer to renew the Agreement, until December 31, 2003, upon the same terms and conditions. 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.

Sincerely,

Kirk E. Gorman

President and Secretary


cc:		Warren J. Nimetz, Esq.
		Charles Boyle

Agreed to and Accepted:


UHS OF DELAWARE, INC.

By:
		Alan B. Miller, President