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AGREEMENT and PLAN of MERGER by and Among a Nevada

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AGREEMENT and PLAN of MERGER by and Among a Nevada AGREEMENT AND PLAN OF MERGER by and among ALTAVOZ ENTERTAINMENT, INC., a Nevada corporation, AVOZ MERGER SUB, LLC, a Nevada limited liability company, NURISH.ME, LLC, a Florida limited liability company, and the Members of Nurish.Me, LLC ___________________________ Dated as of December 18, 2018 ___________________________ AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into as of December 18, 2018 (the “Agreement Date”), by and among Altavoz Entertainment, Inc., a Nevada corporation (“Acquirer”), AVOZ Merger Sub, LLC, a Nevada limited liability company and a wholly owned subsidiary of Acquirer (“Merger Sub”), Nurish.Me, LLC, a Florida limited liability company (the “Company”), and the Members of the Company listed on the signature page hereto. RECITALS A. Acquirer, Merger Sub and the Company intend to effect a merger of the Company with and into Merger Sub in accordance with this Agreement (the “Merger”). Upon consummation of the Merger, the Company will cease to exist, and the Merger Sub will remain a wholly owned subsidiary of Acquirer with the name, “Nurish.Me. LLC”. B. The Members of the Company listed on the signature page hereto, which hold all of the sole class of membership interests of the Company entitled to vote with respect to approval of the Merger (the “Voting Members”), have approved this Agreement and the transactions contemplated by this Agreement and the Transactions Documents (collectively, the “Transactions”), including the Merger, upon the terms and subject to the conditions set forth herein, in accordance with Applicable Law and the Operating Agreement (the ”Voting Member Approval”). C. Acquirer, as the sole member of Merger Sub, has (1) declared this Agreement and the Transactions, including the Merger, upon the terms and subject to the conditions set forth herein, in the best interests of Merger Sub and the sole member of Merger Sub and (2) adopted a resolution approving this Agreement and the Merger. NOW, THEREFORE, in consideration of the representations, warranties, covenants, agreements and obligations contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: ARTICLE I THE MERGER 1.1 The Merger. (a) Merger of the Company into Merger Sub. Upon the terms and subject to the conditions set forth herein, at the Effective Time, the Company shall be merged with and into Merger Sub, and the separate existence of the Company shall cease. Merger Sub will continue as the surviving company in the Merger (sometimes referred to herein as the “Surviving Company”) and as a wholly owned subsidiary of Acquirer with the name, “Nurish.Me, LLC”. (b) Effects of the Merger. The Merger shall have the effects set forth herein and in the applicable provisions of the Nevada Limited Liability Company Act (“NLLCA”). (c) Closing. Upon the terms and subject to the conditions set forth herein, the closing of the Transactions (the “Closing”) shall take place on December 18, 2018, at such location as Acquirer and the Company agree, at: (i) 6:00 p.m. local time on a date to be agreed by Acquirer and the Company, which date shall be no later than the third Business Day following the date on which all of the conditions set forth in Article VI have been satisfied or waived (other than those conditions that, by their terms, are intended to be satisfied at the Closing, but subject to the satisfaction or waiver of those conditions); or (ii) such other date and time and/or such other location as Acquirer and the Company agree; provided, however, that in no event shall the Closing occur before January 2, 2019. The date on which the Closing occurs is sometimes referred to herein as the “Closing Date.” (d) Effective Time. A certificate of merger satisfying the applicable requirements of the NLLCA in substantially the form attached hereto as Exhibit B (the “Certificate of Merger”) shall be duly executed by the Company and, concurrently with or as soon as practicable following the Closing, delivered to the Secretary of State of the State of Nevada for filing. The Merger shall become effective upon the filing of the Certificate of Merger with the Secretary of State of the State of Nevada or at such later time as Acquirer and the Company agree and specify in the Certificate of Merger (the “Effective Time”). (e) Certificate of Formation; Operating Agreement; Officers. Unless otherwise determined by Acquirer and the Company prior to the Effective Time: (i) the certificate of formation of the Surviving Company shall be amended and restated as of the Effective Time to read as set forth in the Certificate of Merger, until thereafter as provided by the NLLCA; (ii) the operating agreement of Merger Sub as in effect immediately prior to the Merger shall be the operating agreement of the Surviving Company; and (iii) the Company shall take all actions necessary to cause the officers of the Company immediately prior to the Effective Time to be the only officers of the Surviving Company immediately after the Effective Time until their respective successors are duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the operating agreement of the Surviving Company. 1.2 Closing Deliveries. (a) Acquirer Deliveries. Acquirer shall deliver to the Company, at or prior to the Closing: (i) a certificate, dated as of the Closing Date, executed on behalf of Acquirer by a duly authorized officer of Acquirer to the effect that each of the conditions set forth in Section 6.2(a) has been satisfied. (ii) the Acquirer Closing Financial Certificate; (b) Company Deliveries. The Company shall deliver to Acquirer, at or prior to the Closing: (i) a certificate, dated as of the Closing Date and executed on behalf of the Company by an officer of the Company, to the effect that each of the conditions set forth in Section 6.3(a) and Section 6.3(e) has been satisfied; (ii) a certificate, dated as of the Closing Date and executed on behalf of the Company by an officer of the Company, certifying (A) the operating agreement of the Company (the “Operating Agreement”) in effect as of the Closing, (B) the resolutions of the Voting Members (I) declaring this Agreement and the Transactions, including the Merger, upon the terms and subject 2 to the conditions set forth herein, advisable, fair to and in the best interests of the Company and the Company Members and (II) approving this Agreement in accordance with the NLLCA and the Operating Agreement and (C) other matters reasonably requested by Acquirer; (iii) unless otherwise requested by Acquirer in writing no less than three Business Days prior to the Closing Date, (A) a true, correct and complete copy of resolutions adopted by the Voting Members, certified by an officer of the Company; (iv) a certificate from the Secretary of State of Florida and each other state or other jurisdiction in which the Company is qualified to do business as a foreign entity, dated within three Business Days prior to the Closing Date, certifying that the Company is in good standing and that all applicable Taxes and fees of the Company that are due and payable through and including the Closing Date have been paid; (v) the Company Closing Financial Certificate; (vi) the Certificate of Merger, executed by the Company; (vii) consents executed by the Warrantholders agreeing to the assumption of the obligations of the Warrants by the Acquirer. Receipt by Acquirer of any of the agreements, instruments, certificates or documents delivered pursuant to this Section 1.2(b) shall not be deemed to be an agreement by Acquirer or Merger Sub that the information or statements contained therein are true, correct or complete, and shall not diminish Acquirer’s or Merger Sub’s remedies hereunder if any of the foregoing agreements, instruments, certificates or documents are not true, correct or complete. 1.3 Effect on Company Units and Options. (a) Treatment of Company Units. Upon the terms and subject to the conditions set forth herein, at the Effective Time, by virtue of the Merger and without any action on the part of any party hereto, any Company Member or any other Person: (i) Company Units. Each Company Unit, held by a Member immediately prior to the Effective Time shall be cancelled and automatically converted into the right to receive, subject to and in accordance with Sections 1.4 and 1.6, a number of Acquirer Preferred Shares equal to the Closing Per Unit Share Consideration. The number of Acquirer Preferred Shares each Member holding Company Units is entitled to receive for such Company Units shall be determined in accordance with Section 1.3(f). (ii) Company Warrants. The Company has issued warrants to purchase membership interests in the Company at a prescribed price per Unit (the “Warrants”). Upon the Closing Date, each Warrant will be assumed by the Acquirer and, pursuant to such assumption, will entitle the person holding such Warrant (a “Warrantholder”) to purchase the number of Acquirer Preferred Shares for the Warrant exercise price, as the Warrantholder would have received in the Merger if the Warrant had been exercised on the Closing Date. (b) Treatment of Company Units Owned by the Company. At the Effective Time, all Company Units that are owned by the Company immediately prior to the Effective Time shall be cancelled and extinguished without any conversion thereof or payment of any cash or other property or consideration therefor and shall cease to exist. 3 (c) Treatment of Merger Sub Equity Interests. At the Effective Time, by virtue of the Merger and without any action on the part of Acquirer, Merger Sub or any other Person, equity interests of Merger Sub that are issued and outstanding immediately prior to the Effective Time shall be converted into and become equity interests of the Surviving Company (and the equity interests of the Surviving Company into which the equity interests of Merger Sub are so converted shall be the only equity interests of the Surviving Company that are issued and outstanding immediately after the Effective Time).
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