AGREEMENT AND PLAN OF MERGER by and among PIPELINE DATA INC. PAYPASSAGE ACQUISITION, INC. PAYPASSAGE, INC. and THE SHAREHOLDERS OF PAYPASSAGE, INC. April 1, 2009Merger Agreement • May 4th, 2009 • Pipeline Data Inc • Services-business services, nec • Delaware
This Agreement and Plan of Merger dated as of April 1, 2009 (this “Agreement”) is entered into by and among Pipeline Data Inc., a Delaware corporation (“PPDA”), PayPassage Acquisition, Inc., a Georgia corporation and wholly owned subsidiary of PPDA (the “Purchaser”), PayPassage, Inc., a Georgia corporation (the “Company”), and the shareholders of the Company as indicated on Exhibit A hereto (the “Shareholders”). Together, PPDA, the Purchaser, the Company and the Shareholders may be referred to as the “Parties”.
