Purchase Price Receipt between Aerovox Incorporated and Parallax Power Components, LLC

Contract Categories: Business Finance › Purchase Agreements
Summary

Aerovox Incorporated acknowledges receiving $6,664,000 from Parallax Power Components, LLC as payment for the purchase price under their Amended and Restated Asset Purchase Agreement dated April 18, 2002. This receipt confirms that the agreed amount has been paid by the buyer to the seller as part of the asset purchase transaction. The document is dated July 26, 2002.

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EX-2.16 18 dex216.txt PURCHASE PRICE RECEIPT Exhibit 2.16 R E C E I P T THE UNDERSIGNED, AEROVOX INCORPORATED, a Delaware corporation ("Seller"), hereby acknowledges receipt from PARALLAX POWER COMPONENTS, LLC, a Delaware limited liability company ("Buyer"), of SIX MILLION SIX HUNDRED SIXTY FOUR THOUSAND AND NO/100 DOLLARS ($6,664,000), representing payment of the Purchase Price pursuant to that certain Amended and Restated Asset Purchase Agreement, dated as of April 18, 2002, between Buyer and Seller. Dated: July 26th, 2002 AEROVOX INCORPORATED By: /s/ ROBERT D. ELLIOTT ---------------------