STOCK PURCHASE AGREEMENTStock Purchase Agreement • July 1st, 2019 • Pioneer Power Solutions, Inc. • Power, distribution & specialty transformers • Delaware
This STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of June 28, 2019 (the “Signing Date”), is entered into by and among Pioneer Power Solutions, Inc., a Delaware corporation (the “Seller”), Pioneer Electrogroup Canada Inc., a Canadian corporation (“Electrogroup”), Jefferson Electric, Inc., a Delaware corporation (“Jefferson”), JE Mexican Holdings, Inc., a Delaware corporation (“JE Mexico” and, together with Electrogroup and Jefferson, each the “Acquired Companies”), Nathan J. Mazurek (for purposes of Section 7.12), and (a) Pioneer Transformers L.P., a Delaware limited partnership (“US Buyer”) and (b) Pioneer Acquireco ULC, a British Columbia Unlimited Liability Company (“Canadian Buyer”) (US Buyer and Canadian Buyer are hereinafter collectively referred to as “Buyer”). The Acquired Companies, Seller and Buyer are collectively referred to herein as the “Parties” and individually as a “Party.”
