LOCK-UP AGREEMENTLock-Up Agreement • March 19th, 2009 • KBL Healthcare Acquisition Corp III • Blank checks
In connection with the Agreement and Plan of Reorganization, dated as of March 13, 2009, by and among KBL Healthcare Acquisition Corp. III (“Parent”), PRWT Services, Inc. (“PRWT”), PRWT Merger Sub, Inc., and all of the stockholders of PRWT (the “Merger Agreement”), to induce Parent to enter into the Merger Agreement and consummate the Merger (as defined in the Merger Agreement), the undersigned agrees to, neither directly nor indirectly, during the “Restricted Period” (as hereinafter defined):
AGREEMENT AND PLAN OF REORGANIZATION BY AND AMONG KBL HEALTHCARE ACQUISITION CORP. III, PRWT SERVICES, INC., PRWT MERGER SUB, INC. AND ALL OF THE STOCKHOLDERS OF PRWT SERVICES, INC. DATED AS OF MARCH 13, 2009Agreement and Plan of Reorganization • March 19th, 2009 • KBL Healthcare Acquisition Corp III • Blank checks • Delaware
THIS AGREEMENT AND PLAN OF REORGANIZATION is made and entered into as of March 13, 2009, by and among KBL Healthcare Acquisition Corp. III, a Delaware corporation (“KBL”), PRWT Services, Inc., a Pennsylvania corporation (“PRWT”), PRWT Merger Sub, Inc., a Pennsylvania corporation and wholly owned subsidiary of PRWT (“Merger Sub”), and the persons executing the “Target Stockholders Signature Page” hereto, such persons being the holders of all of the outstanding capital stock of PRWT (the “Stockholders”).
