AGREEMENT AND PLAN OF MERGER by and among UFP INDUSTRIAL, LLC, THUNDER MERGER SUB, INC., PALLETONE, INC., and THE REPRESENTATIVE NAMED HEREIN November 11, 2020Agreement and Plan of Merger • December 10th, 2020 • Ufp Industries Inc • Sawmills & planting mills, general • Delaware
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is entered into as of November 11, 2020, by and among UFP Industrial, LLC, a Michigan limited liability company (“Purchaser”), Thunder Merger Sub, Inc., a Delaware corporation (“Merger Sub”), PalletOne, Inc., a Delaware corporation (the “Company”), and Former P1 Stockholders, LLC, a Delaware limited liability company, solely in its capacity as representative for the Equity Holders (as defined herein) (the “Representative”). Purchaser, Merger Sub, the Company and the Representative, as applicable, are sometimes individually referred to in this Agreement as a “Party” and collectively as the “Parties”. Capitalized terms that are used in this Agreement and not otherwise defined herein shall have the respective meanings ascribed to such terms in Article XIII.
