ContractMerger Agreement • June 21st, 2019 • Cen Biotech Inc • Pharmaceutical preparations
WINDSOR, ON, June 21, 2019 (NEWSWIRE) – On June 21, 2019, CEN Biotech, Inc. (CEN) entered into a Merger Agreement (the “Merger Agreement”) with Caduceus Software Systems Corp., a Wyoming corporation (“CSOC”), which was reviewed and approved by the Board of Directors of CEN on June 21, 2019. This transaction follows the signing of a Non-Binding Term Sheet with CSOC on May 15, 2019, in which, CEN and CSOC agreed to undertake a merger transaction to combine the two companies’ operations and negotiate and enter into a definite agreement to affect the transaction.
Merger Agreement By and Among Caduceus Software Systems Corp., Caduceus Merger Sub, Inc. and CEN Biotech, Inc. Dated as of June 21, 2019Merger Agreement • June 21st, 2019 • Cen Biotech Inc • Pharmaceutical preparations • Wyoming
This Merger Agreement (this “Agreement”), dated as of June 21, 2019 (the “Effective Date”), is entered into by and among (i) Caduceus Software Systems Corp., a Wyoming corporation (“CSOC”), (ii) Caduceus Merger Sub, Inc., a Wyoming corporation and a wholly owned subsidiary of CSOC (“Merger Sub”) and (iii) CEN Biotech, Inc., an Ontario, Canada corporation (“CEN”). CSOC, Merger Sub and CEN may be collectively referred to herein as the “Parties” and individually as a “Party.”
