Title: Exploring the North Carolina Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL Keywords: North Carolina Security holders Agreement, GST Telecommunications, Inc., Ocean Horizon, NRL Introduction: In this article, we will delve into the intricacies of the North Carolina Security holders Agreement between two prominent entities — GST Telecommunications, Inc. and Ocean Horizon, NRL. This agreement plays a crucial role in defining the rights and obligations of both parties involved. We will also discuss the potential variants of this agreement, if any. 1. Overview of the North Carolina Security holders Agreement: The North Carolina Security holders Agreement is a legally binding contract that outlines the relationship between GST Telecommunications, Inc. and Ocean Horizon, NRL concerning the ownership and transfer of securities. It establishes the terms and conditions that govern the security interests of both parties. 2. Key Provisions of the Agreement: a. Ownership Rights: The agreement elucidates the precise ownership rights of both GST Telecommunications, Inc. and Ocean Horizon, NRL in terms of securities, ensuring full transparency and clarity. b. Transfer of Securities: Guidelines for the transfer of securities between the parties are clearly delineated in the agreement. This ensures compliance with legal and regulatory requirements. c. Voting Rights and Decision-Making: The agreement determines the allocation of voting rights and decision-making authority, ensuring equitable participation for both parties. d. Appointment of Representatives: The agreement may involve the appointment of representatives from each entity to facilitate communication and coordination regarding the securities in question. 3. Potential Variants of the North Carolina Security holders Agreement: While no specific variants were mentioned, it is possible that the agreement could encompass various types based on the specific context and circumstances of GST Telecommunications, Inc. and Ocean Horizon, NRL. Examples of such variants could include: a. Buy-Sell Agreement: In the event of a specific triggering event, such as a change in control or insolvency, this variant may stipulate the terms and conditions for the buying or selling of securities between the parties. b. Registration Rights Agreement: This variant may define the rights and obligations regarding the registration of securities with regulatory authorities, ensuring compliance with legal requirements. c. Shareholders' Agreement: This type of variant focuses on the broader relationship between the shareholders of both entities, covering topics such as dividend distributions and corporate governance. Conclusion: The North Carolina Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL serves as a crucial contract that establishes the framework for security ownership, transfers, and decision-making rights. By thoroughly understanding this agreement and its potential variants, the involved parties can ensure a clear and mutually beneficial understanding, fostering a solid foundation for their business relationship.