The West Virginia Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL is a legally binding document that outlines the terms and conditions governing the relationship and obligations of both parties regarding securities. This agreement is of utmost importance when dealing with the transfer or issuance of securities within the state of West Virginia. The primary objective of this agreement is to protect the rights and interests of security holders, ensuring transparency and fairness throughout the process. As per West Virginia law, there are different types of Security holders Agreements that can be established between GST Telecommunications, Inc. and Ocean Horizon, NRL, depending on the specific circumstances and nature of the securities involved. These agreements may include the following: 1. Common Stock Security holders Agreement: This type of agreement governs the rights and privileges of common stockholders, including the voting rights, dividend entitlements, and restrictions on the transfer of shares. 2. Preferred Stock Security holders Agreement: When dealing with preferred stocks, a specific agreement is drafted to address the unique rights and preferences of preferred stockholders, such as priority in dividend payments and liquidation preferences. 3. Convertible Securities Agreement: If either party holds convertible securities, a dedicated agreement is necessary to outline the terms and conditions governing the conversion process, conversion ratios, and other relevant provisions. 4. Voting Trust Agreement: In cases where the securities are placed under a voting trust, a specialized agreement is established to define the powers and responsibilities of the voting trustee, voting instructions, and the overall governance of the trust. 5. Subscription Agreement: This agreement is relevant when new securities are being subscribed or issued by either party. It outlines the terms and conditions of the subscription, including the purchase price, rights, and obligations of the subscribing party. All West Virginia Security holders Agreements between GST Telecommunications, Inc. and Ocean Horizon, NRL must comply with relevant federal and state laws, including but not limited to the West Virginia Business Corporation Act. It is essential for both parties to engage legal counsel to ensure that the agreement accurately reflects their intentions and adequately protects their interests as security holders.