EXHIBIT 10.3

 

UNIVERSAL HEALTH REALTY INCOME TRUST

 

Universal Corporate Center

   

367 South Gulph Road

   

P.O. Box 61558

   

King of Prussia, Pennsylvania 19406-0958

   

(610) 265-0688

 

December 31, 2002

 

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
2, 2002 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, 2003, 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,

 

 

Kirk E. Gorman

President and Secretary

 

cc:

 

Warren J. Nimetz, Esq.

   

Charles Boyle

 

Agreed to and Accepted:

 

UHS OF DELAWARE, INC.

By:

 

 

 

--------------------------------------------------------------------------------

   

    Alan B. Miller, President