owner of Holdco, wrongfully excluded Dale, a co-shareholder

DENILLE INDUSTRIES LTD. C. ISLAND
ENTERPRISES INC., 2012 ABCA 140
• 5.7 Put Arrangements
Upon the death of the Deceased and within One Hundred Eighty (180) days
thereafter, the personal representative of the Deceased or the HOLDING
CORPORATION of which the Deceased was PRINCIPAL SHAREHOLDER, as
the case may be (hereinafter in this Article sometimes called the “Vendor”), shall
be entitled to send a notice in writing to the CORPORATION and the surviving
SHAREHOLDER(S) (hereinafter in this Article sometimes collectively called the
“Purchasers”) requiring each of the Purchasers to purchase such number of
shares of the CORPORATION beneficially owned by the. Vendor as the Vendor
shall designate (hereinafter in this Article sometimes called the “Deceased's
Shares”) and the Purchasers shall purchase from the Vendor the Deceased's
Shares for a total purchase price computed in accordance with the terms and
conditions set forth in this Article (in this Article called the “Purchase Price”). The
closing date (in this Article called the “Purchase Date”) for the purchase and
sale of the Deceased's Shares shall be that date determined in accordance with
the CLOSING ARTICLE.
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