Evans Production Corporation v. Don J. Shaw, Don J. Shaw, Cross-Appellant v. Evans Production Corporation, Cross-Appellee

RIVES, Chief Judge.

This action was commenced by Don J. Shaw against the Evans Production Company and was based upon a letter agreement between the parties dated May 28, 1953. The agreement in question, which is set out in full in the margin, 1 provided for the purchase by Shaw of 483 shares of common stock in Evans with the right to re-sell this stock to Evans at a subsequent date 2 The price to be paid by Shaw in the original purchase was specified in the agreement at $106.25 per share, thus making the total original purchase price $51,318.75 for the 483 shares. The price to be paid by Evans…