The District of Columbia Security holders Agreement is a legally binding document that outlines the rights and obligations of the security holders in relation to the partnership between GST Telecommunications, Inc. and Ocean Horizon, NRL. This agreement establishes the rights of the security holders and details the terms and conditions under which they can exercise their rights. One type of District of Columbia Security holders Agreement between GST Telecommunications, Inc. and Ocean Horizon, NRL is the Common Security holders Agreement. This agreement is typically entered into by all common security holders of the partnership. It governs the rights and obligations of these security holders and details the distribution of profits, voting rights, and other rights pertaining to their investment. Another type of District of Columbia Security holders Agreement is the Preferred Security holders Agreement. This agreement applies to preferred security holders who have a specific class of shares in the partnership. It outlines the priority of these security holders in receiving dividends and liquidation proceeds and may include specific voting rights or preferences for these shareholders. The District of Columbia Security holders Agreement generally covers various important aspects such as: 1. Securities: This agreement defines the securities issued by the partnership and provides details about the number of shares, classes, and rights associated with each security. 2. Rights and Obligations: It establishes the rights and obligations of the security holders, including their voting rights, rights to receive dividends or interest payments, and their responsibility to comply with any regulations or restrictions imposed on them. 3. Transfer of Securities: The agreement specifies the conditions under which security holders can transfer their securities to others, including any restrictions or approval requirements, and the procedures to be followed for such transfers. 4. Dissolution and Liquidation: It outlines the process of dissolution and liquidation of the partnership and the distribution of the assets among the security holders in case of winding up or termination of the partnership. 5. Dispute Resolution: This agreement typically includes a section on dispute resolution, which may specify the procedures for resolving conflicts or disagreements between the security holders and the partnership. 6. Governing Law and Jurisdiction: The agreement identifies the District of Columbia as the governing law jurisdiction, ensuring that any legal disputes or interpretations are resolved under the laws of the District of Columbia. It is essential for both GST Telecommunications, Inc. and Ocean Horizon, NRL to carefully review and understand the District of Columbia Security holders Agreement before entering into the partnership. Seeking legal advice is recommendable to ensure compliance with all legal requirements and to protect the rights and interests of both parties involved.