AGREEMENT AND PLAN OF MERGERAgreement and Plan of Merger • February 5th, 2021 • Kona Gold Beverage, Inc. • Beverages • New York
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) dated as of January __, 2021 (the “Signing Date”), is entered into by and among Kona Gold Beverage, Inc., a Delaware corporation (“Kona Gold”), KGS Temporary Company, Inc., a Wisconsin corporation and a wholly-owned subsidiary of Kona Gold (the “Merger Sub”), and S and S Beverage Inc., a Wisconsin corporation (“S and S”), and, with respect to Article 7 and Article 11 only, William J. Stineman and K&L Beverage, LLC, a Wisconsin limited liability company (collectively, the “Indemnifying S and S Shareholders”), and, with respect to Article 7 and Article 11 only, William J. Stineman, as representative of the S and S Shareholders (the “Equity Representative”).
