0000950144-03-005568 Sample Contracts

NSI LETTERHEAD] April 25, 2003
Merger Agreement • April 25th, 2003 • National Service Industries Inc • Services-personal services

As you are aware, NSI has entered into a merger agreement with NS Acquisition Corp., an affiliate of California Investment Fund, LLC. Pursuant to the terms of the merger agreement, each outstanding share of NSI common stock will be converted into the right to receive $10.00 in cash.

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