Utah Distribution Agreement is a legally binding document that governs the continuous offering of transferable shares of beneficial interest in a Trust. This agreement outlines the terms and conditions under which these shares can be sold or transferred by the trust to investors within the state of Utah. The Utah Distribution Agreement includes various provisions and clauses that ensure compliance with relevant securities laws and regulations. It establishes rules and guidelines for the offering and sale of shares, including registration requirements, investor suitability, and disclosure obligations. To ensure transparency, the agreement requires the trust to provide potential investors with a detailed prospectus that contains all relevant information about the trust, its investment objectives, risks, expenses, and other pertinent details. The trust must also disclose any conflicts of interest and provide audited financial statements on a periodic basis. Furthermore, the Utah Distribution Agreement outlines the process for accepting subscription agreements, detailing the minimum investment amount required and any applicable fees or charges. It also specifies the procedures for redeeming shares, including any limitations or restrictions that may apply. In addition to the general Utah Distribution Agreement, there may be specific types of agreements that pertain to certain circumstances or investors. These agreements could include: 1. Institutional Distribution Agreement: This type of agreement is tailored for institutional investors, such as banks, insurance companies, or pension funds. It may have specific provisions regarding minimum investment amounts, reporting requirements, and any additional considerations relevant to institutional investors. 2. Retail Distribution Agreement: This agreement is designed for individual retail investors and may have different terms and conditions compared to the institutional agreement. It typically addresses retail investor-specific provisions, such as individual suitability assessments, fund accessibility, and fee structures. 3. Accredited Investor Distribution Agreement: This type of agreement caters to accredited investors who meet specific criteria, including high net worth or certain professional certifications. It may include provisions regarding the verification of an investor's accredited status and any additional restrictions or opportunities available to accredited investors. It's important to consult legal and financial professionals when entering into or interpreting a Utah Distribution Agreement to ensure compliance with applicable laws and regulations.