AGREEMENT AND PLAN OF MERGER AMONGMerger Agreement • March 12th, 2021 • Virginia
Contract Type FiledMarch 12th, 2021 JurisdictionPET ROLEUM MARKET ERS, INCORPORAT ED EMPLOYEE ST OCK OWNERSHIP ANDRONALD R. HARE, IN HIS CAPACIT Y AS REPRESENT AT IVE DAT ED AS OF MARCH 20 , 2014 T RUST 7/3393869.1 Table of Contents Page ARTICLE I MERGER 2 SECTION 1.01 The Merger 2 SECTION 1.02 Articles of Merger 2 SECTION 1.03 Effective Time of the Merger 2 ARTICLE II DIRECTORS AND OFFICERS 2 SECTION 2.01 Directors 2 SECTION 2.02 Officers 2 ARTICLE III CONVERSION OF SHARES; PAYMENT 2 SECTION 3.01 Conversion 2 SECTION 3.02 Payment 3 SECTION 3.03 Escrow Arrangement and Distribution of Funds 6 SECTION 3.04 Dissenting Shares 7 SECTION 3.05 No Further Transfers; Lost, Stolen or Destroyed Certificates 8 SECTION 3.06 Closing 8 SECTION 3.07 Adjustments to Purchase Price 8 SECTION 3.08 Representative 9 ARTICLE IV CERTAIN EFFECTS OF THE MERGER 10 SECTION 4.01 Effect of the Merger 10 SECTION 4.02 Articles of Incorporation 10 SECTION 4.03 By- laws 10 SECTION 4.04 Further Assurances 11 ARTIC