New Mexico Security holders Agreement is a legally binding contract that outlines the rights and responsibilities of the security holders, namely GST Telecommunications, Inc. and Ocean Horizon, NRL. This agreement sets forth the terms and conditions regarding the ownership, transfer, and protection of their respective securities. The New Mexico Security holders Agreement specifically focuses on the relationship between GST Telecommunications, Inc. and Ocean Horizon, NRL as security holders. It includes provisions related to the classification and types of securities held, rights to dividends or interest payments, voting rights, and restrictions on transferability. This agreement serves as a protective mechanism for both GST Telecommunications, Inc. and Ocean Horizon, NRL, as it ensures transparency and accountability between the parties involved. It also establishes the method for resolving potential disputes that may arise in the future in relation to the securities. In the context of New Mexico law, the New Mexico Security holders Agreement can be categorized into different types based on the specific nature of the securities or the particular provisions outlined in the agreement. For example, there may be variations in the agreement when it comes to different classes of shares, preferred equity, or debt instruments issued by GST Telecommunications, Inc. and held by Ocean Horizon, NRL. It is essential for both parties to carefully review the New Mexico Security holders Agreement, seeking legal advice if necessary, to ensure a thorough understanding of their rights and obligations. By doing so, they can protect their interests and maintain a harmonious relationship as security holders.