Renewal of Advisory Agreement between Universal Health Realty Income Trust and UHS of Delaware, Inc. (Effective January 1, 2005)
Universal Health Realty Income Trust and UHS of Delaware, Inc. have agreed to renew their existing Advisory Agreement for another year, effective January 1, 2005, and ending December 31, 2005. The renewal keeps all terms and conditions unchanged from the previous agreement. UHS of Delaware, Inc. accepted the renewal by signing the letter, confirming their continued advisory relationship for the specified period.
Exhibit 10.3
| December 31, 2004 |
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, 2004 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, 2005, 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, |
| /s/ Charles F. Boyle |
| Vice President, Chief Financial Officer and Controller |
| cc: | Warren J. Nimetz, Esq. |
Cheryl K. Ramagano
Agreed to and Accepted:
UHS OF DELAWARE, INC.
| By: | /s/ Alan B. Miller | |
| President |
