How is it possible for an owner to increase his shareholding?
Under the terms of the BUY AND SELL AGREEMENT among the current owners, any owner wishing to transfer his 1/3 Interest is obligated to inform the remaining owners in writing of the terms of any accepted bid. Thereafter, the remaining owners have a 30-day window in which they may exercise their option to “match offer” the accepted bid (amount and terms) received by the transferring owner. A similar obligation applies automatically on the death of any owner: the remaining owners have a “match offer” option to purchase the share of the deceased owner for a price which is set by appraisal.
