ASSET PURCHASE AGREEMENT BY AND AMONG AMERICAN ELECTRIC TECHNOLOGIES INC., AS GUARANTOR, M&I ELECTRIC INDUSTRIES, INC., AS SELLER, M&I ELECTRIC, LLC, AS BUYER AND MYERS POWER PRODUCTS, INC., AS GUARANTOR August 6, 2018Asset Purchase Agreement • August 10th, 2018 • American Electric Technologies Inc • Electrical industrial apparatus • Texas
This ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into as of August 6, 2018 by and among AMERICAN ELECTRIC TECHNOLOGIES, INC., a Florida corporation (“AETI”), M&I ELECTRIC INDUSTRIES, INC., a Texas corporation (“M&I”) (the “Seller”) M&I ELECTRIC, LLC, a Delaware limited liability company (“Buyer”), and MYERS POWER PRODUCTS, INC., a Delaware corporation (“Buyer’s Parent”). AETI, the Seller, Buyer, and Buyer’s Parent are referred to collectively herein as the “Parties” and individually as a “Party”.
