Oceanada Corp. v. Kurzinger

LILES, Acting Chief Judge.

Appellee, Arnold F. Kurzinger, entered into an agreement with appellant, Oceanada Corporation, concerning the redemption of certain stock, which agreement was dated September 11, 1969. The agreement contained, among other things, the following paragraph:

“(3) Two Hundred (200) days from .the date hereof, OCEAN agrees to redeem for cash all or any part thereof from the STOCKHOLDERS, individually or collectively all the authorized but unissued stock now held by them for the sum of Four ($4.00) Dollars per share. Said options shall be at the sole discretion of the…