ASSET PURCHASE AGREEMENT by and between POWELL INDUSTRIES, INC., a Delaware corporation, as Buyer, and GENERAL ELECTRIC COMPANY, a New York corporation, as Seller Dated: August 7, 2006Asset Purchase Agreement • June 16th, 2008 • Powell Industries Inc • Switchgear & switchboard apparatus • New York
This Asset Purchase Agreement, dated as of August 7, 2006 (together with the schedules attached hereto, the “Agreement”) is by and among Powell Industries, Inc., a Delaware corporation (the “Buyer”) and General Electric Company, a New York corporation (the “Seller”).
POWELL SUPPLY AGREEMENTPowell Supply Agreement • June 16th, 2008 • Powell Industries Inc • Switchgear & switchboard apparatus • New York
This Powell Supply Agreement (the “Agreement”) is made and entered into this 7th day of August, 2006 (the “Effective Date”) by and between General Electric Company (“GE”), a New York corporation on behalf of and for the benefit of its GE Consumer & Industrial and GE Energy business components (GE Consumer & Industrial, together with its Affiliates, is referred to herein as “Buyer”), and Powell Industries, Inc., a Delaware corporation (hereinafter called “Seller,” together with Buyer referred to as the “Parties” and each individually as a “Party”). GE Energy is entering into this Agreement solely for the limited purposes of agreeing to be bound by the provisions of Section 2.14 and Articles 15, 21, 24, 25, 26, 27 and 29, and shall be deemed to be a Party or the Buyer for purposes of the obligations set forth in those sections or articles only and, further, shall be deemed a third party beneficiary with respect to all of Buyer’s rights and Seller’s obligations hereunder.
