The Oklahoma Distribution Agreement is a legal document that outlines the terms and conditions of the continuous offering of transferable shares of beneficial interest within a trust. This agreement serves as a crucial instrument for establishing the rules and regulations governing the distribution of shares and ensuring compliance with state laws in Oklahoma. The primary purpose of the Oklahoma Distribution Agreement is to provide clarity on how the distribution process will be conducted, including the terms of sale, delivery, and redemption of shares. It sets forth the obligations and rights of both the trust and the shareholders, thereby promoting transparency and protecting the interests of all parties involved. The agreement also covers important legal aspects, such as the disclosure requirements, registration procedures, and compliance with securities laws. It ensures that all necessary filings and documentation are completed in accordance with Oklahoma state regulations to maintain the continuous offering of transferable shares. Furthermore, the Oklahoma Distribution Agreement may consist of different types, tailored to the specific needs or characteristics of the trust. These variations may include: 1. Fixed-price Distribution Agreement: This type of agreement sets a fixed price for the transferable shares throughout the continuous offering period. It ensures consistency and stability for both existing and potential shareholders. 2. Variable-price Distribution Agreement: In contrast to the fixed-price agreement, the variable-price distribution agreement allows for fluctuation in share prices depending on market conditions or other specified factors. This type of agreement enables potential investors to benefit from potential market gains. 3. Tiered Distribution Agreement: In a tiered distribution agreement, the offering of transferable shares is divided into different tiers, each with its own pricing and eligibility criteria. This structure allows for flexibility in attracting various types of investors based on their investment capacity or desired level of involvement. 4. Private Placement Distribution Agreement: Under this agreement, the offering of transferable shares is limited to a select group of individuals or entities, typically referred to as "accredited investors." This type of agreement is subject to specific regulations and is designed to attract sophisticated investors with higher net worth or institutional investors. It is essential to consult with legal professionals and review the specific terms and conditions of each type of Oklahoma Distribution Agreement to ensure compliance with all applicable laws and regulations.