Advisory Agreement Renewal between Universal Health Realty Income Trust and UHS of Delaware, Inc.
Universal Health Realty Income Trust is renewing its Advisory Agreement with UHS of Delaware, Inc. under the same terms and conditions as the previous agreement. The renewal extends the agreement until December 31, 2008. UHS of Delaware, Inc. must acknowledge acceptance by signing and returning the letter. This renewal maintains the existing relationship and obligations between the two parties for another year.
Exhibit 10.3
December 3, 2007
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 their December 3, 2007 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, 2008, 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 & Treasurer |
| Agreed and Accepted: | ||
| UHS OF DELAWARE, INC. | ||
| By: | /s/ Steve Filton | |
| Steve Filton | ||
| Senior Vice President and CFO | ||
| cc: | Charles Boyle |
