Cohanzick Management, L.L.C. 427 Bedford Road Pleasantville, NY 10570 Attention: David K Sherman and Jonathan BarkoeMerger Agreement • June 8th, 2022 • Enterprise Diversified, Inc. • Security brokers, dealers & flotation companies • Delaware
Reference is made to that certain Agreement and Plan of Merger, dated as of December 29, 2021 (the “Merger Agreement”), by and among ENDI Corp., a Delaware corporation (“Parent”), Enterprise Diversified, Inc., a Nevada corporation (“Pubco”), Zelda Merger Sub 1, Inc., a Delaware corporation (“First Merger Sub”), Zelda Merger Sub 2, LLC, a Delaware limited liability company (“Second Merger Sub” and together with First Merger Sub, “Merger Subs”), CrossingBridge Advisors, LLC, a Delaware limited liability company (“CBA”) and Cohanzick Management, L.L.C., a Delaware limited liability company (“CBA Member”). Each of Parent, First Merger Sub, Second Merger Sub, CBA and CBA Member is hereby known as a “Party” and collectively the “Parties.” All capitalized terms in this letter agreement not defined herein have the meanings ascribed to such terms in the Merger Agreement.
