CONTRACT EXTENSION
Whereas the parties described below, entered into an Agreement
and Plan of Share Exchange ("Agreement"), dated April 12, 2002, by and
between PR Specialists, Inc., a Delaware corporation with its
principal offices located at 0000 Xxxxxxxxxxx Xxxx Xxxxxxxx Xxxxx,
Xxxxxxxxxx 00000 ("Buyer") and Servitrust Corp., a Florida corporation
with its principal offices located at 000 Xxxxx Xxxxx Xxxx 0, Xxxxxxx,
Xxxxxxx 00000 ("Seller"); and the shareholders whose signatures appear
on the Counterpart Signature Pages of this Agreement (the
"Shareholders", and each of those persons individually, a
"Shareholder").
Whereas, the parties have agreed to extend the "Drop Dead Date"
described in Section 2.1 of the Agreement to May 1, 2002, and expect a
Closing Date as described in Section 2.1 of the Agreement to occur on
May 1, 2002.
Now therefore:
1. In consideration of the sum of $10.00 and other good and
valuable consideration, the receipt of which is
acknowledged by the parties, the parties agree to extend
the "Drop Dead Date" described in Section 2.1 of the
Agreement to May 1, 2002, and to cause the Closing Date as
described in Section 2.1 of the Agreement to occur on May
1, 2002.
2. Additionally, it is hereby agreed that the parties to the
Stock Option Agreements dated March 6, 2002 by and
between, inter alia, Xxxxx Xxxxxx and Xxxx Xxxxxxxx hereby
agree to extend the "Termination Date" described in Section
10.2 of the Agreement to May 1, 2002, and to cause the
Closing Date to occur on May 1, 2002, whereby Xx. Xxxxxx
and Arberman will receive their respective $50,000 and
$35,000 payments as described in such agreements.
PR SPECIALISTS, INC.:
By:_________________________ ________________________
Xxxxx Xxxxxx, President Xxxxx Xxxxxx
SERVITRUST CORP.:
By:_________________________ ________________________
Xxxx X. Xxxxxx, President Xxxx Xxxxxxxx
[See Counterpart Signature Pages Attached]
Exhibit 2.2 - Pg. 1
COUNTERPART SIGNATURE PAGE
TO
CONTRACT EXTENSION
OF
AGREEMENT AND PLAN OF
SHARE EXCHANGE
(the "Extension Agreement")
dated April 30, 2002
between and among
PR Specialists, Inc., Servitrust Corp.
and
the Shareholders whose signatures
appear on the Counterpart Signature Pages thereto
-------------------------------------------------
By execution of this Counterpart Signature Page and upon
acknowledgment by PR Specialists, Inc. and Servitrust Corp., the
undersigned agrees to become a party to and be bound by the terms of
the Extension Agreement, and the undersigned shall be deemed a
"Shareholder" under the Extension Agreement.
[Individuals] [Entities]
______________________________ __________________________________
By:_______________________________
Name: ________________________ Name:_____________________________
Title:____________________________
Date: __________________ Date:_____________________________
ACKNOWLEDGMENT:
---------------
PR Specialists, Inc. and Servitrust Corp. hereby acknowledges
execution of this Counterpart Signature Page by the above
Shareholder(s).
SERVITRUST CORP. PR SPECIALISTS, INC.
____________________________ ______________________________
Xxxx X. Xxxxxx, President Xxxxx Xxxxxx, President
Exhibit 2.2 - Pg. 2
