Document:

Exhibit 10.3  

May 9,
2003 

Millstream
Acquisition Corporation

c/o Arthur Spector

435 Devon Park Drive

Building 400

Wayne, Pennsylvania 19087 

EarlyBirdCapital, Inc.

600 Third Avenue

33rd Floor

New York, New York 10016 

        Re:  Initial Public Offering

        Gentlemen:

        The
undersigned trustee, on behalf of Spector Family Trust ("Trust"), a stockholder of Millstream Acquisition Corporation ("SPAC"), in consideration of EarlyBirdCapital, Inc.
("EBC") entering into a letter of intent ("Letter of Intent") to underwrite an initial public offering of the securities of the SPAC ("IPO") and embarking on the IPO process, hereby agrees as follows
(certain capitalized terms used herein are defined in paragraph 11 hereof): 

        1.     If
the SPAC solicits approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by the Trust in accordance with the
majority of the votes cast by the holders of the IPO Shares. 

        2.     In
the event that the SPAC fails to consummate a Business Combination within 18 months from the effective date ("Effective Date") of the registration statement
relating to the IPO (or 24 months under the circumstances described in the prospectus relating to the IPO), the undersigned will vote all Insider Shares owned by the Trust in favor of the
SPAC's decision to liquidate. The Trust waives any and all rights it may have to receive any distribution of cash, property or other assets as a result of such liquidation with respect to the Trust's
Insider Shares. 

        3.     The
Trust will not submit to the SPAC for consideration, or vote for the approval of, any Business Combination which involves a company which is affiliated with any of
the Insiders unless the SPAC obtains an opinion from an independent investment banking firm that the business combination is fair to the SPAC's stockholders from a financial perspective. 

        4.     The
Trust will not be entitled to receive and will not accept any compensation for services rendered to the SPAC prior to the consummation of the Business Combination. 

        5.     The
Trust will not be entitled to receive and will not accept a finder's fee or any other compensation in the event the undersigned originates a Business Combination;
provided, however, that the Trust shall be entitled to receive, upon consummation of a Business Combination, commissions for monies raised by the Trust for the SPAC in connection with the Business
Combination (if permitted under applicable law), at rates which are no less favorable to the SPAC than those which the SPAC would pay to unaffiliated third parties. 

        6.     The
Trust will escrow its Insider Shares for the three year period commencing on the Effective Date subject to the terms of a Stock Escrow Agreement which the Company
will enter into with the Trust and Continental Stock Transfer & Trust Company as escrow agent. 

        7.     The
Trust agrees that, during the three year period terminating on March 18, 2006, it will not become involved (whether as owner, manager, operator, creditor,
partner, shareholder, joint venturer, consultant or otherwise) with any Acquisition Fund (as defined in Section 11(v) below), unless such Acquisition Fund engages EBC to be the managing
underwriter of the initial public offering of the Acquisition Fund's securities. 

The
Trust hereby agrees and acknowledges that (i) EBC would be irreparably injured in the event of a breach by the Trust of any of its obligations under this paragraph 7,
(ii) monetary damages would not be an adequate remedy for any such breach, and (iii) EBC shall be entitled to injunctive relief, in addition to any other remedy it may have, in the event
of such breach. 

        8.     The
Trust's Questionnaire furnished to the SPAC and EBC and annexed as Exhibit A hereto is true and accurate in all respects. The undersigned represents and
warrants that the trustees and beneficiaries of the Trust: 

        (a)   are
not subject to, or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain
from any act or practice relating to the offering of securities in any jurisdiction; 

        (b)   have
never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of
another person, or (iii) pertaining to any dealings in any securities and they are not currently a defendant in any such criminal proceeding; and 

        (c)   have
never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration
denied, suspended or revoked. 

        9.     The
Trust agrees that, during the five-year period following the Effective Date, it shall offer EBC a 24-hour right of first refusal to purchase
for EBC's account or to sell for the account of the Trust any securities of the SPAC which the Trust intends to sell in the open market, including pursuant to Rule 144 of the Securities Act of
1933, on terms at least as favorable to the Trust as it can secure elsewhere. 

        10.   The
Trust has full right and power, without violating any agreement by which it is bound, to enter into this letter agreement. 

        11.   As
used herein, (i) a "Business Combination" shall mean an acquisition by merger, capital stock exchange, asset or stock acquisition, reorganization or otherwise,
of an operating business selected by the SPAC; (ii) "Insiders" shall mean all officers, directors and stockholders of the SPAC immediately prior to the IPO; (iii) "Insider Shares" shall
mean all of the shares of Common Stock of the SPAC owned by an Insider prior to the IPO; (iv) "IPO Shares" shall mean the shares of Common Stock issued in the Corporation's IPO; and
(v) "Acquisition Fund" shall mean any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified
at the time of the securities offering. 

	 	 	Spector Family Trust

Print Name of Insider
	

 	
 	

By: /s/  ADAM B. SPECTOR      
 Adam B. Spector, Trustee
	

 	
 	

By: /s/  JEREMY D. SPECTOR      
 Jeremy D. Spector, TrusteeExhibit 10.4  

	 	May 9, 2003

Millstream
Acquisition Corporation

c/o Arthur Spector

435 Devon Park Drive

Building 400

Wayne, Pennsylvania 19087 

EarlyBirdCapital, Inc.

600 Third Avenue

33rd Floor

New York, New York 10016 

	Re:
	Initial Public Offering

Gentlemen:

        The
undersigned, a stockholder of Millstream Acquisition Corporation ("SPAC"), in consideration of EarlyBirdCapital, Inc. ("EBC") entering into a letter of intent ("Letter of
Intent") to underwrite an
initial public offering of the securities of the SPAC ("IPO") and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 11
hereof): 

        1.     If
the SPAC solicits approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by the undersigned in accordance with the
majority of the votes cast by the holders of the IPO Shares. 

        2.     In
the event that the SPAC fails to consummate a Business Combination within 18 months from the effective date ("Effective Date") of the registration statement
relating to the IPO (or 24 months under the circumstances described in the prospectus relating to the IPO), the undersigned will vote all Insider Shares owned by the undersigned in favor of the
SPAC's decision to liquidate. The undersigned waives any and all rights it may have to receive any distribution of cash, property or other assets as a result of such liquidation with respect to the
undersigned's Insider Shares. 

        3.     The
undersigned will not submit to the SPAC for consideration, or vote for the approval of, any Business Combination which involves a company which is affiliated with any
of the Insiders unless the SPAC obtains an opinion from an independent investment banking firm that the business combination is fair to the SPAC's stockholders from a financial perspective. 

        4.     The
undersigned will not be entitled to receive and will not accept any compensation for services rendered to the SPAC prior to the consummation of the Business
Combination. 

        5.     The
undersigned will not be entitled to receive and will not accept a finder's fee or any other compensation in the event the undersigned originates a Business
Combination; provided, however, that the undersigned shall be entitled to receive, upon consummation of a Business Combination, commissions for monies raised by the Undersigned for the SPAC in
connection with the Business Combination (if permitted under applicable law), at rates which are no less favorable to the SPAC than those which the SPAC would pay to unaffiliated third parties. 

        6.     The
undersigned will escrow its Insider Shares for the three year period commencing on the Effective Date subject to the terms of a Stock Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent. 

        7.     The
undersigned agrees that, during the three year period terminating on March 18, 2006, it will not become involved (whether as owner, manager, operator,
creditor, partner, shareholder, joint venturer, consultant or otherwise) with any Acquisition Fund (as defined in Section 11(v) below), unless such Acquisition Fund engages EBC to be the
managing underwriter of the initial public offering of the Acquisition Fund's securities. 

 

        The
undersigned hereby agrees and acknowledges that (i) EBC would be irreparably injured in the event of a breach by the undersigned of any of its obligations under this
paragraph 7, (ii) monetary damages would not be an adequate remedy for any such breach, and (iii) EBC shall be entitled to injunctive relief, in addition to any other remedy it
may have, in the event of such breach. 

        8.     The
undersigned's Questionnaire furnished to the SPAC and EBC and annexed as Exhibit A hereto is true and accurate in all respects. The undersigned represents and
warrants that he: 

        (a)   is
not subject to, or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain
from any act or practice relating to the offering of securities in any jurisdiction; 

        (b)   has
never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of
another person, or (iii) pertaining to any dealings in any securities and is not currently a defendant in any such criminal proceeding; and 

        (c)   has
never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration
denied, suspended or revoked. 

        9.     The
undersigned agrees that, during the five-year period following the Effective Date, it shall offer EBC a 24-hour right of first refusal to
purchase for EBC's account or to sell for the account of the undersigned any securities of the SPAC which the undersigned intends to sell in the open market, including pursuant to Rule 144 of
the Securities Act of 1933, on terms at least as favorable to the undersigned as it can secure elsewhere. 

        10.   The
undersigned has full right and power, without violating any agreement by which it is bound, to enter into this letter agreement. 

        11.   As
used herein, (i) a "Business Combination" shall mean an acquisition by merger, capital stock exchange, asset or stock acquisition, reorganization or otherwise,
of an operating business selected by the SPAC; (ii) "Insiders" shall mean all officers, directors and stockholders of the SPAC immediately prior to the IPO; (iii) "Insider Shares" shall
mean all of the shares of Common Stock of the SPAC owned by an Insider prior to the IPO; (iv) "IPO Shares" shall mean the shares of Common Stock issued in the Corporation's IPO; and (v) 
"Acquisition Fund" shall mean any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the
time of the securities offering. 

	 	J. Brian O'Neill
 Print Name of Insider
	

 	

/s/  J. BRIAN O'NEILL      
 Signature

2

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