An extra share

A new client sold his shares in his unquoted trading company. He owned 33% of the company with a third-party individual owning 67%. The shares were sold by both parties for cash with 80% payable in July 2006 and the balance in July 2007. However the concern is that our client has received more cash proceeds than his shares entitle him to. The company was sold for £5 million so he should have received £1.65 million in total; but due to an agreement with the other individual he is to receive an additional £500 000 i.e. a total of £2.15 million (with the third party giving up this sum). We are not sure why as we were not involved in the sale transaction. The sales agreement includes all facts; i.e. what shares are to be sold and what proceeds are to be given to the...