AGREEMENT AND PLAN OF MERGER by and among SEGA SAMMY CREATION INC. ARC BERMUDA LIMITED and GAN LIMITED Dated November 7, 2023Merger Agreement • November 8th, 2023 • GAN LTD • Services-computer programming, data processing, etc. • New York
This AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into as of November 7, 2023, by and among SEGA SAMMY CREATION INC., a Japanese corporation (“Parent”), Arc Bermuda Limited, a Bermuda exempted company limited by shares and a wholly-owned subsidiary of Parent (“Merger Sub”), and GAN Limited, a Bermuda exempted company limited by shares (the “Company”). All capitalized terms that are not defined elsewhere in this Agreement will have the respective meanings assigned to them in Annex A.
