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On 1 5 October, the two original shareholders issued 4 0 , 0 0 0 shares of common stock to a valued employee ( vice
On October, the two original shareholders issued shares of common stock to a
valued employee vicepresident of marketing who was being wooed by a rival company.
The employee is prohibited from selling the shares for years and did sign a noncompete
agreement. Recall that the stock has a par value of $ per share. However, the original
partners estimate that the shares have a market value of $ per share.
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