Sale of Shares in Retail Grocery and Gas Station for $4,100,000

Alberta-based fuel, dining, and retail group completes the purchase of shares in a private BC company operating a retail grocery and gas station for an aggregate purchase price of $4,100,000 including real property valued at $1,100,000. Key aspects of the Share Purchase Agreement included vendor financing secured by personal and corporate guarantees, personal property security agreements, and a second priority mortgage on land. Velletta Pedersen Christie represented the Vendor in this transaction with a team led by Sankar Nair, who attended drafting, revising, and closing the Share Purchase Agreement and other ancillary corporate documents.