The Lima Arizona Standstill Agreement of Gross mans, Inc. is an internal agreement specifically designed to govern the relationship between shareholders within a single company. This agreement aims to maintain stability and prevent any changes in the shareholding structure of Gross mans, Inc. by imposing certain restrictions and obligations on the parties involved. By implementing the Lima Arizona Standstill Agreement, Gross mans, Inc. ensures that all shareholders abide by a set of rules to maintain a balanced and harmonious environment within the company. This agreement typically outlines various aspects such as the duration of the agreement, the scope of its application, and the responsibilities and limitations imposed on the shareholders. Key terms and provisions in the Lima Arizona Standstill Agreement may include a standstill provision, which prohibits shareholders from taking certain actions such as acquiring additional shares or conducting hostile takeovers within a specific timeframe. This provision preserves the status quo of the company and guarantees that no sudden changes occur in share ownership. Additionally, the agreement may detail a non-solicitation clause, which prevents shareholders from actively seeking out other shareholders and persuading them to sell or transfer their shares. This provision maintains the stability of the company's ownership structure and prevents any manipulation or interference. Another provision often included in the Lima Arizona Standstill Agreement is the non-compete clause, which restricts shareholders from engaging in businesses or activities that directly compete with Gross mans, Inc. This provision protects the company's interests and prevents shareholders from potentially diverting resources or customers away from the company. While the Lima Arizona Standstill Agreement is a general term, it is worth mentioning that there might be variations or different types of the agreement available. These variations can be specific to different industries or tailored to address unique circumstances. Examples of such variations may include the Financial Services Standstill Agreement, Technology Standstill Agreement, or Manufacturing Standstill Agreement. These variations are designed to cater to specific industries and may contain industry-specific provisions and obligations that align with the needs of the respective sector. In conclusion, the Lima Arizona Standstill Agreement of Gross mans, Inc. is an internal agreement focused on preserving the stability and preventing sudden changes in shareholding within the company. It establishes a framework of restrictions and responsibilities for shareholders to maintain a balanced environment and protect the interests of Gross mans, Inc.