The Alabama Security holders Agreement is a legal contract entered into between GST Telecommunications, Inc., a telecommunications company, and Ocean Horizon, NRL, an investment firm. This agreement outlines the rights and obligations of both parties regarding the ownership and transfer of securities issued by GST Telecommunications, Inc. Under the Alabama Security holders Agreement, GST Telecommunications, Inc. grants Ocean Horizon, NRL certain rights as a security holder. These rights may include the ability to vote on matters brought before shareholders, receive dividends, and receive relevant financial and operational information about the company. Additionally, the agreement establishes procedures for the transfer and sale of securities, ensuring compliance with applicable laws and regulations. There may be different types of Alabama Security holders Agreements between GST Telecommunications, Inc. and Ocean Horizon, NRL, depending on the specific terms and conditions agreed upon. For instance, there might be an agreement pertaining to preferred securities, which grants certain preferential rights and privileges to Ocean Horizon, NRL as a preferred shareholder. Another type of agreement may relate to common securities, which provide Ocean Horizon, NRL with standard ownership rights and privileges. These agreements are crucial in maintaining a transparent and efficient relationship between GST Telecommunications, Inc. and Ocean Horizon, NRL. They establish a framework for communication, decision-making, and protection of both parties' interests in the context of security ownership. By laying out the rights and responsibilities of each party, the Alabama Security holders Agreement ensures a fair and equitable relationship between GST Telecommunications, Inc. and Ocean Horizon, NRL, fostering a sense of trust and collaboration.