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STOCK PURCHASE AGREEMENT
9 Months Ended
Feb. 29, 2016
STOCK PURCHASE AGREEMENT  
STOCK PURCHASE AGREEMENT

F. STOCK PURCHASE AGREEMENT

 

In June 2013, the Company purchased 170,000 shares of common stock from Greenleaf, The Ronda E. Stryker and William D. Johnston Foundation, and The L. Lee Stryker 1974 Irrevocable Trust fbo Ronda E. Stryker, for a purchase price of $62,900 or $0.37 per share as detailed in Note K to the consolidated financial statements as of May 31, 2013. On August 8, 2014 the Company repurchased Greenleaf’s remaining 101,411 shares at $0.37 per share for a total of approximately $37,000.