AGREEMENT AND PLAN OF MERGERAgreement and Plan of Merger • November 17th, 2017 • Dala Petroleum Corp. • Crude petroleum & natural gas • Nevada
THIS AGREEMENT AND PLAN OF MERGER (the “Agreement”) is made as of November 15, 2017, by and among Dala Petroleum Corp., a Delaware corporation (“Parent”), Mark Savage, Parent’s President, a director and a beneficial shareholder (“Mr. Savage”), Matthew Atkinson, Parent’s Secretary and a beneficial shareholder (“Mr. Atkinson”), M2 Equity Partners LLC, a Minnesota limited liability company and principal shareholder of Parent (“M2”), and Dala Acquisition, Inc., a Nevada corporation and wholly-owned subsidiary of Parent (“Merger Subsidiary”); and KonaTel, Inc., a Nevada corporation (“Company”), and D. Sean McEwen, Company’s Chairman and sole shareholder (“Company Shareholder”). The foregoing are sometimes singly referred to as a “Party” or collectively as the “Parties,” or respectively as the “Parent Parties” or the “Company Parties.”
