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EXHIBIT 10.3 EXECUTION VERSION VOTING AGREEMENT

Voting Agreement

EXHIBIT 10.3 EXECUTION VERSION VOTING AGREEMENT | Document Parties: AG Home Health Acquisition Corp | AG Home Health LLC | National Home Health Care Corp | Parent and Acquisition Corp | Parent, Acquisition Corp You are currently viewing:
This Voting Agreement involves

AG Home Health Acquisition Corp | AG Home Health LLC | National Home Health Care Corp | Parent and Acquisition Corp | Parent, Acquisition Corp

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Title: EXHIBIT 10.3 EXECUTION VERSION VOTING AGREEMENT
Governing Law: Delaware     Date: 12/4/2006
Industry: Healthcare Facilities     Law Firm: Dechert     Sector: Healthcare

EXHIBIT 10.3 EXECUTION VERSION VOTING AGREEMENT, Parties: ag home health acquisition corp , ag home health llc , national home health care corp , parent and acquisition corp , parent  acquisition corp
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EXHIBIT 10.3

EXECUTION VERSION

VOTING AGREEMENT

        This VOTING AGREEMENT (this " Agreement ") is entered into as of November 28, 2006, by and among AG Home Health LLC, a Delaware limited liability company (" Parent "), AG Home Health Acquisition Corp., a Delaware corporation (" Acquisition Corp. "), and each of the persons listed on Schedule A hereto (each a " Principal Shareholder " and, collectively, the " Principal Shareholders "). Each capitalized term used but not otherwise defined herein shall have the meaning ascribed to such term in the Agreement and Plan of Merger, dated as of the date hereof (as amended, supplemented and otherwise modified from time to time, the " Merger Agreement "), by and among Parent, Acquisition Corp. and National Home Health Care Corp., a Delaware corporation (the " Company ").

        WHEREAS, concurrently with the execution and delivery of this Agreement, the Company, Parent and Acquisition Corp. are entering into the Merger Agreement which provides, subject to the terms and conditions set forth in the Merger Agreement, for the merger of Acquisition Corp. and the Company (the " Merger "), whereby the issued and outstanding shares (" Outstanding Common Shares ") of the Company’s common stock, par value $.001 per share (" Company Common Stock ") (other than any Outstanding Common Shares owned by Parent, Acquisition Corp. or any other wholly owned Subsidiary of Parent, and other than such Outstanding Common Shares to be contributed by Frederick Fialkow in accordance with the terms of the Contribution Agreement) will be converted into the right to receive the Merger Consideration in cash;

        WHEREAS, the Board of Directors of the Company (the " Board ") has, unanimously (i) approved the Merger Agreement, the Merger and the other Transactions, and (ii) recommended that the holders of Company Common Stock approve and adopt this Agreement and the Merger;

        WHEREAS, each Principal Shareholder is the record and beneficial owner of the number of Outstanding Common Shares in each case set forth opposite such Principal Shareholder’s name on Schedule A hereto (together with all shares of Company Common Stock acquired after the date hereof by such Principal Shareholder, whether upon the exercise of any Options or otherwise hereafter acquired by such Principal Shareholder, in each case as such shares and Options may be adjusted from time to time for any stock dividend, stock split, recapitalization, combination, exchange, merger, consolidation, reorganization or other change or transaction involving the Company, are referred to herein collectively as the " Principal Shareholder Shares " of such Principal Shareholder); and

        WHEREAS, as a condition to the willingness of Parent and Acquisition Corp. to enter into the Merger Agreement, Parent and Acquisition Corp. have requested that the Principal Shareholders enter into this Agreement.

        NOW, THEREFORE, to induce Parent and Acquisition Corp. to enter into, and in consideration of them entering into, the Merger Agreement, and in consideration of the foregoing

 

premises and the representations, warranties, covenants and agreements contained herein, Parent, Acquisition Corp. and each of the Principal Shareholders hereby agree as follows:

    1.        Representations and Warranties of Each Principal Shareholder . Each Principal Shareholder, acting solely in its capacity as a holder of Principal Shareholder Shares and not as a director of the Company or in any other capacity, hereby, severally and not jointly with any other Principal Shareholder, represents and warrants to Parent and Acquisition Corp. as follows:

 

    (a)        Authority . Such Principal Shareholder has all requisite power and authority to execute and deliver this Agreement, to perform all of his obligations hereunder and otherwise to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by such Principal Shareholder and, assuming this Agreement constitutes a valid and binding obligation of the Parent and Acquisition Corp., constitutes a valid and binding obligation of such Principal Shareholder enforceable against such Principal Shareholder in accordance with its terms. Other than in connection with or in compliance with the provisions of the Exchange Act or the HSR Act or the Healthcare Laws, neither the execution, delivery or performance of this Agreement by such Principal Shareholder nor the consummation by such Principal Shareholder of the transactions contemplated hereby will (i) require any filing with, or permit, authorization, consent or approval of, any Governmental Authority, (ii) result in a material violation or breach of, or constitute (with or without due notice or lapse of time or both) a material default under, or give rise to any right of termination, amendment, cancellation or acceleration under, result in the creation of any material Lien upon a material portion of the properties or assets of each Principal Shareholder, or result in the creation of any Lien upon any Company Common Stock, under, any of the terms, conditions or provisions of any Contract to which such Principal Shareholder is a party or by which such Principal Shareholder or any of such Principal Shareholder’s properties or assets, including the Principal Shareholder Shares owned by such Principal Shareholder, may be bound or (iii) violate, in any material respect, any Order or any Law applicable to such Principal Shareholder or any of such Principal Shareholder’s properties or assets, including the Principal Shareholder Shares owned by such Principal Shareholder.


 

    (b)        Ownership of Principal Shareholder Shares . All Principal Shareholder Shares acquired hereafter by such Principal Shareholder shall at all times while this Agreement is in effect be held by such Principal Shareholder, or by a nominee or custodian for the benefit of such Principal Shareholder, and such Principal Shareholder shall at all time while this Agreement is in effect have good and marketable title to all such Principal Shareholder Shares, free and clear of any Liens, proxies, voting trusts or agreements, understandings or arrangements, except for any such Liens or proxies arising hereunder. Such Principal Shareholder does not own of record or beneficially any Outstanding Common Shares, any options or other rights to purchase shares of Company Common Stock or any rights exercisable for or convertible into shares of Company Common Stock, other than the Outstanding Common Shares and shares of Company Common Stock issuable upon the exercise of Options, in each case set forth opposite such Principal Shareholder’s name on Schedule A hereto.


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    (c)        Merger Agreement . Such Principal Shareholder understands and acknowledges that Parent and Acquisition Corp. are entering into the Merger Agreement in reliance upon execution and delivery of this Agreement by such Principal Shareholder.


 

    (d)        Adequacy of Information . Such Principal Shareholder is a sophisticated investor with respect to the Principal Shareholder Shares of such Principal Shareholder and has adequate information concerning the business and financial condition of the Company to make an informed decision regarding the transactions contemplated hereby and by the Merger Agreement and has independently and without reliance upon either Parent or Acquisition Corp. and based on such information as the Principal Shareholder has deemed appropriate made his own analysis and decision to enter into this Agreement. Such Principal Shareholder has received and reviewed the Merger Agreement and acknowledges that neither Parent nor Acquisition Corp. has made or makes any representation or warranty, whether express or implied, of any kind or character except as expressly set forth herein or in the Merger Agreement. Such Principal Shareholder acknowledges that the agreements contained herein with respect to the Principal Shareholder Shares of such Principal Shareholder are irrevocable (subject to termination in accordance with Section 7 of this Agreement), and that such Principal Shareholder has no recourse to Parent or Acquisition Corp., except with respect to breaches by Parent or Acquisition Corp. of their respective representations, warranties, covenants and agreements expressly set forth in this Agreement.


    2.        Representations and Warranties of Parent and Acquisition Corp. Each of Parent and Acquisition Corp. hereby represents and warrants to the Principal Shareholders that each of Parent and Acquisition Corp. has all requisite power and authority to execute and deliver this Agreement, to perform all of its obligations hereunder and otherwise to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, have been duly authorized by each of Parent and Acquisition Corp. This Agreement has been duly executed and delivered by each of Parent and Acquisition Corp. and, assuming this Agreement constitutes a valid and binding obligation of each Principal Shareholder, constitutes a valid and binding obligation of each of Parent and Acquisition Corp. enforceable against it in accordance with its terms. Other than in connection with or in compliance with the provisions of the Exchange Act or the HSR Act or the Healthcare Laws, neither the execution, delivery or performance of this Agreement by either Parent or Acquisition Corp., nor the consummation by either of them of the transactions contemplated hereby will (i) require any filing with, or permit, authorization, consent or approval of, any Governmental Authority, (ii) result in a material violation or breach of, or constitute (with or without due notice or lapse of time or both) a material default under, or give rise to any right of termination, amendment, cancellation or acceleration under, result in the creation of any material Lien upon a material portion of the properties or assets of Parent or Acquisition Corp., or (iii) violate, in any material respect, any Order or any Law applicable to either the Parent or Acquisition Corp. or any of their respective properties or assets.

    3.        Covenants . Each Principal Shareholder, acting solely in his capacity as a holder of Principal Shareholder Shares and not as a director or officer of the Company or in any other capacity, hereby, severally and not jointly with any other Principal Shareholder, agrees as follows:

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    (a)        such Principal Shareholder shall not, except as expressly contemplated by the terms of this Agreement, the Contribution Agreement or the Merger Agreement, (A) sell, transfer, pledge, assign or otherwise dispose of (including, without limitation, by merger or otherwise by operation of law), or enter into any Contract, option or other arrangement (including, without limitation, any profit sharing arrangement) or understanding with respect to the sale, transfer, pledge, assignment or other di


 
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