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Deckard could purchase up to 49% of the Oblong
location, after a spin-off from Pulliam Funeral Homes,
P.C., into Pulliam-Deckard Funeral Chapel, P.C., in
which Clark D. Pulliam would be the sole stockholder,
and from which up to 49% of the stock could be sold to
Earl L. Deckard.
It was decided to use Vanderlyn R. Pine and Associates
to do the appraisal and all fees and costs associated
with the spin-off and sale would be borne by the buyer
and seller on a 51-49 split.
It was further agreed that January 1, 1992 would be the
preferred target date to coincide with Calendar year-
end and that progress towards that sale would be easily
accomplished.
A sale price to be established by appraisal will be
agreed to in writing by the parties and all accounting
and legal matters resolved prior to sale.
After the July meeting, Mr. Pulliam provided his
accountants, Kemper CPA Group, and his lawyer, Mr. Tedford, with
information and data, and requested that they plan the
transactions and prepare the necessary written agreements.
Mr. Pulliam, his attorney, and his accountants agreed on the
spin-off and other transactions before the formation of Chapel
and the distribution of all its stock to Mr. Pulliam. He
selected and contacted the appraiser, Vanderlyn R. Pine. He was
billed for the $5,950.76 appraisal fee. He contacted and hired
the attorney, Mr. Tedford, and the accountants, Kemper CPA Group.
Mr. Tedford had three conferences with Mr. Pulliam between
December 2, 1991, and February 28, 1992. Mr. Tedford had no
contacts with Mr. Deckard during that period. All of the
agreements were prepared by Mr. Tedford. All of the agreements
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