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Marcella Bommer 10
Ronald Bommer 2
In November 1969, CamRon purchased 500 shares of Ferguson stock
for $50,000, and the ownership of Ferguson's stock remained
unchanged through 1975.
On November 17, 1967, Messrs. Klawitter, Westerhaus, and Fay
executed a Stock Retirement Agreement with Ferguson, the terms of
which were substantially similar to those contained in CamRon's
Stock Retirement Agreement. On September 29, 1978, Messrs.
Westerhaus and Klawitter each sold their shares in Ferguson to
the corporation at a price of $833.33 per share, which was in
excess of the price set forth in the Stock Retirement Agreement.
2. The CamVic Buy-Sell Agreement
On or after May 5, 1975,8 CamVic and its shareholders
executed a Buy-Sell Agreement, which provided, in pertinent part,
as follows:
WHEREAS, the Stockholders believe that certain
restrictions upon the transfer of all the shares of the
Corporation as hereinafter provided will serve in the
best interests of the Stockholders;
* * * * * * *
1. No Stockholder will sell, exchange or otherwise
dispose of by gift or otherwise, except as hereinafter
provided, any of the shares of the Corporation he now
8Although executed at this time, the Buy-Sell Agreement was
dated Jan. 2, 1975.
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