AGREEMENT AND PLAN OF MERGERAgreement and Plan of Merger • July 14th, 2021 • Red Cat Holdings, Inc. • Services-prepackaged software • New York
THIS AGREEMENT AND PLAN OF MERGER, dated as of July , 2021 (this “Agreement”), is entered into by and among Red Cat Holdings, Inc., a Nevada corporation (the “Parent”), Teal Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of Parent (the “Purchaser”) and Teal Drones, Inc., a Delaware corporation (the “Company”) and the undersigned shareholders of the Company (collectively, the “Stockholders”). Parent, Purchaser, Company and the Stockholders are each a “party” and together are “parties” to this Agreement. All capitalized terms used in this Agreement shall have the meanings assigned to such terms in Section 8.4 or as otherwise defined elsewhere in this Agreement, unless the context clearly indicates otherwise.
