Advisory Agreement Renewal Letter between Universal Health Realty Income Trust and UHS of Delaware, Inc. (2016)
Universal Health Realty Income Trust is offering to renew its Advisory Agreement with UHS of Delaware, Inc. for another year, through December 31, 2016, under the same terms and conditions as the existing agreement. UHS of Delaware, Inc. accepts this renewal by signing and returning the letter. The agreement outlines the ongoing advisory relationship between the two companies.
Exhibit 10.3
December 10, 2015
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, at today’s meeting, authorized the renewal of the current Advisory Agreement between Universal Health Realty Income Trust and UHS of Delaware, Inc. (“Agreement”) upon the same terms and conditions.
This letter constitutes Universal Health Realty Income Trust’s offer to renew the Agreement, through December 31, 2016, 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. Thank you.
Sincerely,
/s/ Cheryl K. Ramagano
Cheryl K. Ramagano
Vice President and Treasurer
Universal Health Realty Income Trust
Agreed and Accepted:
UHS OF DELAWARE, INC.
By: _/s/ Steve Filton
Steve Filton
Senior Vice President and CFO
CC: Charles Boyle-Vice President and Chief Financial Officer, Universal Health Realty Income Trust
