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PWON > SEC Filings for PWON > Form 8-K on 2-May-2013All Recent SEC Filings

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Form 8-K for POWIN CORP


2-May-2013

Entry into a Material Definitive Agreement


Item 1.01 Entry into Material Definitive Agreement

Effective April 26, 2013, the Registrant's wholly-owned subsidiary, Quality Bending & Fabrication, Inc., ("QBF") entered into an Asset Acquisition Agreement with CoSource USA LLC ("CoSource") to acquire all of the latter's assets. The purchase price was $493,095.27. CoSource is an Oregon limited liability company of which Joseph Lu, the CEO of the Registrant, is the managing member.

QBF acquired the assets of CoSource in order to provide products and services to the former customers of CoSource upon the latter's cessation of business.

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