AGREEMENT AND PLAN OF MERGER By and among INTELLIGENT POWER ACQUISITION, INC., A wholly-owned subsidiary of BLUE EARTH, INC., And The Stockholders named herein And INTELLIGENT POWER, INC., EFFECTIVE DATE: July 24, 2013Merger Agreement • July 29th, 2013 • Blue Earth, Inc. • Construction machinery & equip • Oregon
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of July 24, 2013, by and among: (a) the stockholders of Intelligent Power, Inc. set forth on Schedule A attached hereto (each a “Stockholder” and collectively, the “Stockholders”); (b) Intelligent Power, Inc., an Oregon corporation (the “Company”); (c) Blue Earth, Inc., a Nevada corporation (“BBLU”); and (d) Intelligent Power Acquisition, Inc. (“Newco”), a newly formed Oregon corporation formed for the purpose of merging with and into the Company.
