Document:

EXHIBIT 10.1

                                                 May 17, 2005

Coconut Palm Acquisition Corp.
595 South Federal Highway
Suite 600
Boca Raton, Florida 33432

Morgan Joseph & Co. Inc.
600 Fifth Avenue
19th Floor
New York, New York 10020

EarlyBirdCapital, Inc.
275 Madison Avenue
Suite 1203
New York, New York 10016

                Re:     INITIAL PUBLIC OFFERING

Gentlemen:

                RPCP Investments,  LLLP ("RPCP"),  a stockholder of Coconut Palm
Acquisition  Corp.  ("Company"),  in  consideration  of Morgan Joseph & Co. Inc.
("Morgan Joseph") and  EarlyBirdCapital,  Inc. ("EBC") entering into a letter of
intent  ("Letter of Intent") to  underwrite  an initial  public  offering of the
securities  of the Company  ("IPO") and  embarking  on the IPO  process,  hereby
agrees as  follows  (certain  capitalized  terms  used  herein  are  defined  in
paragraph 10 hereof):

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

                2.      In the event  that the  Company  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), RPCP will vote
all Insider Shares owned by it in favor of the Company's  decision to liquidate.
RPCP and each partner or controlling  person  thereof (each a "Control  Person")
hereby waives any and all right,  title,  interest or claim of any kind in or to
any distribution of the Trust Fund (as defined in the

<PAGE>

Letter of Intent)  and any  remaining  net assets of the  Company as a result of
such  liquidation with respect to its Insider Shares ("Claim") and hereby waives
any Claim it may have in the  future  as a result  of, or  arising  out of,  any
contracts or agreements with the Company and will not seek recourse  against the
Trust Fund for any reason  whatsoever.  In the event of the  liquidation  of the
Trust Fund,  the  undersigned  agrees to indemnify and hold harmless the Company
against  any and all loss,  liability,  claims,  damage and  expense  whatsoever
(including,  but not limited to, any and all legal or other expenses  reasonably
incurred in  investigating,  preparing  or  defending  against  any  litigation,
whether pending or threatened,  or any claim  whatsoever)  which the Company may
become  subject  as a result of any claim by any  vendor or other  person who is
owed money by the Company for services  rendered or products  sold or contracted
for, or by any target business,  but only to the extent necessary to ensure that
such loss, liability, claim, damage or expense does not reduce the amount in the
Trust Fund.

                3.      RPCP  acknowledges  and agrees that the Company will not
consummate any Business Combination which involves a company which is affiliated
with  any of the  Insiders  unless  the  Company  obtains  an  opinion  from  an
independent  investment banking firm reasonably  acceptable to Morgan Joseph and
EBC that the business  combination is fair to the Company's  stockholders from a
financial perspective.

                4.      Neither the undersigned,  any Control Person, any member
of the  family of any  partner  of the  undersigned,  nor any  affiliate  of the
undersigned  ("Affiliate")  will be  entitled to receive and will not accept any
compensation  for services  rendered to the Company prior to the consummation of
the Business Combination;  provided that commencing on the Effective Date, Royal
Palm Capital Management,  LLLP ("Related Party"), shall be allowed to charge the
Company an allocable share of Related Party's overhead,  up to $7,500 per month,
to compensate it for the Company's use of Related Party's offices, utilities and
personnel.  Related  Party  and  the  undersigned  shall  also  be  entitled  to
reimbursement  from the Company  for their  out-of-pocket  expenses  incurred in
connection with seeking and consummating a Business Combination.

                5.      Neither  RPCP,  any  Control  Person,  any member of the
family of any partner of the undersigned,  nor any Affiliate will be entitled to
receive or accept a finder's fee or any other  compensation in the event he, she
or it, originates a Business Combination.

                6.      RPCP 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 RPCP and an escrow  agent
acceptable to the Company.

                7.      RPCP's  Questionnaire  furnished to the Company,  Morgan
Joseph  and EBC and  annexed  as  Exhibit A hereto is true and  accurate  in all
respects. RPCP represents and warrants that no Control Person:

<PAGE>

        (a)     is 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 have ever 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 ever 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.

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

                9.      This letter agreement shall be governed by and construed
and  enforced  in  accordance  with the laws of the State of New  York,  without
giving  effect  to  conflicts  of  law  principles  that  would  result  in  the
application of the  substantive  laws of another  jurisdiction.  The undersigned
hereby (i) agrees that any action, proceeding or claim against it arising out of
or  relating  in any way to this  letter  agreement  (a  "Proceeding")  shall be
brought and enforced in the courts of the State of New York of the United States
of America for the Southern  District of New York,  and  irrevocably  submits to
such  jurisdiction,  which  jurisdiction  shall be  exclusive,  (ii)  waives any
objection  to such  exclusive  jurisdiction  and that such courts  represent  an
inconvenient  forum and (iii)  irrevocably  agrees to appoint Graubard Miller as
agent for the  service of process in the State of New York to  receive,  for the
undersigned and on its behalf, service of process in any Proceeding.  If for any
reason such agent is unable to act as such, the undersigned will promptly notify
the Company,  Morgan Joseph and EBC and appoint a substitute agent acceptable to
each of the  Company,  Morgan  Joseph and EBC within 30 days and nothing in this
letter  will  affect  the right of either  party to serve  process  in any other
manner permitted by law.

                10.     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;  (ii) "Insiders" shall
mean all officers,  directors and stockholders of the Company  immediately prior
to the IPO; (iii) "Insider  Shares" shall mean all of the shares of Common Stock
of the Company owned by an Insider prior to the IPO; and (iv) "IPO Shares" shall
mean the shares of Common Stock issued in the Company's IPO.

<PAGE>

                                     RPCP Investments, LLLP
                                     ----------------------
                                     Print Name of Insider

                                     By: RPCP INVESTMENTS, INC., General Partner

                                     By: /s/ RICHARD C. ROCHON
                                         ---------------------
                                         Name:  Richard C. Rochon
                                         Title: PresidentEXHIBIT 10.2

                                              May 17, 2005

Coconut Palm Acquisition Corp.
595 South Federal Highway
Suite 600
Boca Raton, Florida 33432

Morgan Joseph & Co. Inc.
600 Fifth Avenue
19th Floor
New York, New York 10020

EarlyBirdCapital, Inc.
275 Madison Avenue
Suite 1203
New York, New York 10016

                Re:     INITIAL PUBLIC OFFERING

Gentlemen:

                The undersigned officer and director of Coconut Palm Acquisition
Corp.  ("Company"),  in  consideration  of  Morgan  Joseph & Co.  Inc.  ("Morgan
Joseph") and  EarlyBirdCapital,  Inc.  ("EBC")  entering into a letter of intent
("Letter of Intent") to underwrite an initial public  offering of the securities
of the Company  ("IPO")  and  embarking  on the IPO  process,  hereby  agrees as
follows  (certain  capitalized  terms used  herein are defined in  paragraph  10
hereof):

                1.      In the event  that the  Company  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 (i)  cause the Trust  Fund (as  defined  in the  Letter  of  Intent)  to be
liquidated  and  distributed  to the  holders  of IPO  Shares  and (ii) take all
reasonable actions within his power to cause the Company to liquidate as soon as
reasonably practicable.  The undersigned hereby waives any and all right, title,
interest or claim of any kind ("Claim") in or to any  distribution  of the Trust
Fund and any remaining net assets of the Company as a result of such liquidation
and hereby waives any Claim the  undersigned  may have in the future as a result
of, or arising out of, any contracts or agreements with the Company and will not
seek recourse against

<PAGE>

the Trust Fund for any reason whatsoever.

                2.      In order to  minimize  potential  conflicts  of interest
which may arise from multiple affiliations, the undersigned agrees to present to
the Company for its consideration,  prior to presentation to any other person or
entity,  any suitable  opportunity to acquire an operating  business,  until the
earlier  of the  consummation  by the  Company of a  Business  Combination,  the
liquidation of the Company or until such time as the undersigned ceases to be an
officer or director of the Company,  subject to any  pre-existing  fiduciary and
contractual obligations the undersigned might have.

                3.      The undersigned acknowledges and agrees that the Company
will not consummate any Business  Combination  which involves a company which is
affiliated  with any of the Insiders  unless the Company obtains an opinion from
an independent  investment  banking firm reasonably  acceptable to Morgan Joseph
and EBC that the business combination is fair to the Company's stockholders from
a financial perspective.

                4.      Neither the undersigned, any member of the family of the
undersigned, nor any affiliate of the undersigned ("Affiliate") will be entitled
to receive and will not accept any  compensation  for  services  rendered to the
Company prior to the  consummation  of the Business  Combination;  provided that
commencing on the Effective Date, Royal Palm Capital Management,  LLLP ("Related
Party"),  shall be allowed to charge the Company an  allocable  share of Related
Party's overhead, up to $7,500 per month, to compensate it for the Company's use
of Related  Party's  offices,  utilities  and  personnel.  Related Party and the
undersigned  shall also be entitled to reimbursement  from the Company for their
out-of-pocket  expenses  incurred in connection with seeking and  consummating a
Business Combination.

                5.      Neither the undersigned, any member of the family of the
undersigned,  nor any Affiliate will be entitled to receive or accept a finder's
fee or any other  compensation in the event the  undersigned,  any member of the
family of the undersigned or any Affiliate originates a Business Combination.

                6.      The  undersigned  agrees to be the Chairman of the Board
and Chief Executive Officer of the Company until the earlier of the consummation
by the Company of a Business  Combination or the liquidation of the Company. The
undersigned's  biographical  information furnished to the Company, Morgan Joseph
and EBC and attached  hereto as Exhibit A is true and accurate in all  respects,
does  not  omit any  material  information  with  respect  to the  undersigned's
background and contains all of the information required to be disclosed pursuant
to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933. The
undersigned's  Questionnaire furnished to the Company, Morgan Joseph and EBC and
annexed  as  Exhibit  B  hereto  is  true  and  accurate  in all  respects.  The
undersigned represents and warrants that:

        (a)     he is not subject to or a  respondent  in any legal  action for,
any  injunction,

<PAGE>

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)     he 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 he is not currently a defendant in any such criminal proceeding;
and

        (c)     he 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.

                7.      The  undersigned  has  full  right  and  power,  without
violating  any  agreement  by  which he is  bound,  to enter  into  this  letter
agreement and to serve as Chairman of the Board and Chief  Executive  Officer of
the Company.

                8.      The  undersigned  authorizes  any  employer,   financial
institution,  or consumer credit  reporting  agency to release to Morgan Joseph,
EBC and their  legal  representatives  or agents  (including  any  investigative
search firm  retained by Morgan  Joseph and EBC) any  information  they may have
about the undersigned's background and finances ("Information").  Neither Morgan
Joseph,  EBC nor their  agents  shall be violating  the  undersigned's  right of
privacy  in any manner in  requesting  and  obtaining  the  Information  and the
undersigned  hereby  releases them from  liability for any damage  whatsoever in
that connection.

                9.      This letter agreement shall be governed by and construed
and  enforced  in  accordance  with the laws of the State of New  York,  without
giving  effect  to  conflicts  of  law  principles  that  would  result  in  the
application of the  substantive  laws of another  jurisdiction.  The undersigned
hereby (i) agrees that any action,  proceeding  or claim against him arising out
of or relating in any way to this letter  agreement  (a  "Proceeding")  shall be
brought and enforced in the courts of the State of New York of the United States
of America for the Southern  District of New York,  and  irrevocably  submits to
such  jurisdiction,  which  jurisdiction  shall be  exclusive,  (ii)  waives any
objection  to such  exclusive  jurisdiction  and that such courts  represent  an
inconvenient  forum and (iii)  irrevocably  agrees to appoint Graubard Miller as
agent for the  service of process in the State of New York to  receive,  for the
undersigned and on his behalf, service of process in any Proceeding.  If for any
reason such agent is unable to act as such, the undersigned will promptly notify
the Company,  Morgan Joseph and EBC and appoint a substitute agent acceptable to
each of the  Company,  Morgan  Joseph and EBC within 30 days and nothing in this
letter  will  affect  the right of either  party to serve  process  in any other
manner permitted by law.

<PAGE>

                10.     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;  (ii) "Insiders" shall
mean all officers,  directors and stockholders of the Company  immediately prior
to the IPO; (iii) "Insider  Shares" shall mean all of the shares of Common Stock
of the Company owned by an Insider prior to the IPO; and (iv) "IPO Shares" shall
mean the shares of Common Stock issued in the Company's IPO.

                                                     Richard C. Rochon
                                                     -----------------
                                                     Print Name of Insider

                                                     /s/ Richard C. Rochon
                                                     ---------------------
                                                     Signature

<PAGE>

                                   Exhibit A

RICHARD C. ROCHON has been our chairman of the board and chief executive officer
since our inception. Mr. Rochon co-founded Royal Palm Capital Partners ("RPCP"),
a private investment and management firm in February 2002 and has been its
chairman and chief executive officer since that time. RPCP focuses on making
investments in service industries poised for consolidation and growth and
partners with high quality management teams in the respective industries. Mr.
Rochon has served as president and director of Royal Palm Capital Management,
Inc., a corporation which manages investments made by various RPCP affiliates,
since February 2005. Mr. Rochon has also served as a director of Devcon
International Corp., a provider of construction and electronic security services
since July 2004 and as chairman of Sunair Electronics, Inc., a provider of
high-frequency radio equipment, pest-control and lawn-care services since
February 2005. From 1987 to January 2002, Mr. Rochon was President of Huizenga
Holdings, Inc., a management and holding company whose investments included
several publicly-held companies, including Blockbuster Entertainment
Corporation, Republic Waste Industries, Inc., AutoNation, Inc. and Boca Resorts,
Inc. During this time, he served as sole director for many of Huizenga Holdings'
privately-held operating companies in various services businesses, including
serving as a director of AutoNation, Inc., the NHL's Florida Panthers and the
NFL's Miami Dolphins. Mr. Rochon previously served as vice chairman of Boca
Resorts, Inc., an owner and operator of luxury resort properties in Florida,
from November 1996 to December 2004, while serving as President from March 1998
until January 2002. In addition, Mr. Rochon has been a director of Bancshares of
Florida, a full-service commercial bank since 2002. Since 1996, Mr. Rochon has
been a director of Century Business Services, a diversified services company.
Mr. Rochon also was employed as a certified public accountant by the public
accounting firm of Coopers & Lybrand from 1979 to 1985. Mr. Rochon received his
B.S. in Accounting from Binghamton University in 1979 and Certified Public
Accounting designation in 1981.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]