Renewal of Advisory Agreement between Universal Health Realty Income Trust and UHS of Delaware, Inc. (December 29, 2006)
Universal Health Realty Income Trust and UHS of Delaware, Inc. have agreed to renew their existing Advisory Agreement under the same terms and conditions as before. The renewal extends the agreement until December 31, 2007. Both parties have acknowledged and accepted the renewal by signing the letter. The agreement outlines the continued advisory relationship between the two companies for the specified period.
Exhibit 10.3
December 29, 2006
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 1, 2006 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, 2007, 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, |
| Charles F. Boyle |
| Vice President and Chief Financial Officer |
| cc: | Warren J. Nimetz, Esq. |
Cheryl K. Ramagano
Agreed to and Accepted:
| UHS OF DELAWARE, INC. | ||
| By: | /s/ Alan B. Miller | |
| Alan B. Miller, President | ||
