Ohio Security holders Agreement — Detailed Description between GST Telecommunications, Inc. and Ocean Horizon, NRL Keywords: Ohio Security holders Agreement, GST Telecommunications, Inc., Ocean Horizon, NRL, detailed description, relevant keywords, types. Introduction: The Ohio Security holders Agreement is a legally binding document between GST Telecommunications, Inc. and Ocean Horizon, NRL, outlining the rights and responsibilities of the security holders involved. This agreement aims to govern the relationship between the two parties and ensure transparency, accountability, and protection of rights and interests. Rights and Obligations: 1. Ownership Rights: The agreement specifies the ownership interest of each party in the respective securities, detailing the share percentage and voting rights allocated to the security holders. 2. Information Sharing: Both parties are obligated to provide timely and accurate information concerning financial performance, operations, and any material changes that might affect the securities involved. This ensures transparency and allows security holders to make informed decisions. 3. Confidentiality: The agreement includes clauses to maintain the confidentiality of non-public information shared during the course of the agreement, safeguarding proprietary business details and trade secrets. 4. Voting and Decision-Making: The Ohio Security holders Agreement outlines the procedures and requirements for voting on matters affecting the securities. It may include provisions for majority or unanimous voting, ensuring fair decision-making and protecting the interests of security holders. 5. Transfer of Securities: The agreement may regulate the transfer of securities between the security holders, imposing limitations or requiring prior consent to ensure a controlled and orderly transfer process. Types of Ohio Security holders Agreements: 1. Preferred Stockholders Agreement: This agreement is specifically designed for preferred stockholders, outlining their unique rights and preferences, such as priority in dividend payments or liquidation scenarios. 2. Convertible Securities Agreement: If the securities involved are convertible into a different form (e.g., convertible bonds into equity), a specific agreement addressing the conversion terms and conditions may be drafted. 3. Shareholders Agreement: If both parties hold common shares, a shareholders' agreement covering broader topics related to governance, decision-making, and transfer restrictions may be included in the Ohio Security holders Agreement. 4. Rights Agreement: A rights' agreement can be incorporated in the document, granting certain rights or options to security holders, such as preemptive rights or anti-dilution protection, ensuring their interests are safeguarded during future capital raises or restructurings. Conclusion: The Ohio Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL is a comprehensive document that establishes the rights, obligations, and procedures governing the securities relationship between both parties. It ensures transparency, protection of proprietary information, and fair decision-making. Different types of agreements, such as Preferred Stockholders Agreements, Convertible Securities Agreements, Shareholders Agreements, and Rights Agreements, may be incorporated based on the specific nature of the securities involved.