Advisory Agreement Renewal between Universal Health Realty Income Trust and UHS of Delaware, Inc. (2010)
Universal Health Realty Income Trust (UHT) is offering to renew its Advisory Agreement with UHS of Delaware, Inc. for another year, through December 31, 2010. Under this renewal, UHS of Delaware will continue to provide advisory services to UHT on substantially the same terms as before, with an annual advisory fee set at 0.65% of UHT's Average Invested Real Estate Assets. The agreement is confirmed by signatures from both parties' representatives.
Exhibit 10.3
December 2, 2009
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 their December 1, 2009 meeting, authorized the renewal of the current Advisory Agreement between UHT and UHS of Delaware, Inc. (“Agreement”) upon substantially the same terms and conditions contained in that Agreement, however, at an annual advisory fee equal to .65 percent of the Average Invested Real Estate Assets of the Trust, as defined in the Agreement.
This letter constitutes UHT’s offer to renew the Agreement, through December 31, 2010, upon such 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, Treasurer and Secretary
Agreed and Accepted:
UHS OF DELAWARE, INC.
By: /s/ Steve Filton
Steve Filton
Senior Vice President and CFO
