AGREEMENT AND PLAN OF MERGER by and between CHEERS INC. GSMG LTD. and GLORY STAR NEW MEDIA GROUP HOLDINGS LIMITED dated as of July 11, 2022Agreement and Plan of Merger • July 11th, 2022 • GLORY STAR NEW MEDIA GROUP HOLDINGS LTD • Services-computer processing & data preparation • New York
This AGREEMENT AND PLAN OF MERGER (hereinafter referred to as this “Agreement”), dated July 11, 2022, is by and between Cheers Inc., an exempted company incorporated with limited liability under the Laws of the Cayman Islands (“Parent”), GSMG Ltd., an exempted company incorporated with limited liability under the Laws of the Cayman Islands and a wholly owned Subsidiary of Parent (“Merger Sub”), and Glory Star New Media Group Holdings Limited, an exempted company incorporated with limited liability under the Laws of the Cayman Islands (the “Company”). Parent, Merger Sub and the Company are each sometimes referred to herein as a “Party” and collectively as the “Parties”. All capitalized terms used in this Agreement shall have the meaning ascribed to such terms in Section 1.1 or as otherwise defined elsewhere in this Agreement unless the context clearly provides otherwise.
