AGREEMENT AND PLAN OF MERGER among FRANKLIN BSP CAPITAL CORPORATION, FRANKLIN BSP MERGER SUB, INC., FRANKLIN BSP LENDING CORPORATION and FRANKLIN BSP CAPITAL ADVISER, L.L.C. (for the limited purposes set forth herein)Agreement and Plan of Merger • October 6th, 2023 • Franklin BSP Lending Corp • Maryland
This AGREEMENT AND PLAN OF MERGER, dated as of October 2, 2023 (this “Agreement”), is made by and among Franklin BSP Capital Corporation, a Delaware corporation (the “Acquiror”), Franklin BSP Merger Sub, Inc., a Maryland corporation and a wholly-owned direct Consolidated Subsidiary of the Acquiror (“Merger Sub”), Franklin BSP Lending Corporation, a Maryland corporation (the “Company”), and, solely for purposes of Section 1.7, Article V, Section 8.3 and Article XI, Franklin BSP Capital Adviser, L.L.C., a Delaware limited liability company and the investment adviser to the Acquiror (the “Acquiror Adviser”).
