AGREEMENT TO TERMINATE AGREEMENT AND PLAN OF MERGER by and among ELECTRO- SENSORS, INC., MOBILE X NEWCO, INC., and MOBILE X GLOBAL, INC. January 30, 2023Agreement to Terminate • January 31st, 2023 • Electro Sensors Inc • Industrial instruments for measurement, display, and control
Reference is hereby made to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of June 10, 2022, by and among Electro-Sensors, Inc., a Minnesota corporation (the “Parent”), Mobile X Newco, Inc., a Delaware corporation and a wholly owned Subsidiary of Parent (the “Merger Sub”), and Mobile X Global, Inc., a Delaware corporation (the “Company,” and together with Parent and the Merger Sub, the “Parties” and each a “Party”)(capitalized terms used but not defined herein shall have the meaning set forth for such term in the Merger Agreement).
