PREFERRED STOCK RIGHTS AGREEMENT Dated as of April 11, 2023 between HF FOODS GROUP INC. and AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Rights AgentPreferred Stock Rights Agreement • April 12th, 2023 • HF Foods Group Inc. • Wholesale-groceries & related products • Delaware
On April 11, 2023, the Board of Directors (the “Board”) of HF Foods Group Inc. (the “Company”) authorized and declared a dividend distribution of one right (a “Right”) for each outstanding share of common stock, par value $0.0001 per share (the “Common Stock”), of the Company to stockholders of record as of the close of business on April 24, 2023 (the “Record Date”). Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series A Participating Preferred Stock, par value $0.001 per share (the “Preferred Stock”), of the Company at an exercise price of $19.50 (the “Exercise Price”), subject to adjustment. The complete terms of the Rights are set forth in a Preferred Stock Rights Agreement (the “Rights Agreement”), dated as of April 11, 2023, between the Company and American Stock Transfer & Trust Company, LLC, as rights agent.
