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