The Lima Arizona Investor Rights Agreement is an essential document that outlines the rights and privileges of investors who purchase Series C Preferred Stock shares in Lima, Arizona. This agreement is designed to protect the interests of the investors and provide them with certain entitlements that are crucial for maintaining a fair and transparent investment process. The main purpose of the Lima Arizona Investor Rights Agreement is to delineate the terms and conditions for purchasing Series C Preferred Stock shares. These shares represent a specific class of ownership in the company and are often considered to have certain advantages over common stock shares. Key provisions within the Lima Arizona Investor Rights Agreement include: 1. Purchase Terms: This section specifies the terms and conditions for acquiring Series C Preferred Stock shares, including the number of shares, price per share, and any associated fees. 2. Voting rights: The agreement outlines the voting rights of the investors who hold Series C Preferred Stock. This provision ensures that stockholders have a say in major company decisions and have the ability to influence corporate governance. 3. Dividends and Distributions: The agreement describes the rights of Series C Preferred Stockholders to receive dividends and other distributions. It may specify a fixed dividend rate or outline a formula for calculating dividends. 4. Liquidation Preference: This clause details the preferential treatment given to Series C Preferred Stockholders in the event of a liquidation or sale of the company. It ensures that investors receive a certain priority in the distribution of assets. 5. Conversion or Redemption: This provision outlines the conditions under which Series C Preferred Stockholders have the option to convert their shares into common stock or to redeem their shares for a predetermined payment. It's important to note that while there may be different versions or variations of the Lima Arizona Investor Rights Agreement regarding the purchase of Series C Preferred Stock shares, they generally serve the same purpose. The agreement may be tailored to specific circumstances or reflect negotiated terms between the company and the investors. Different iterations of the agreement may have different names, such as "Amended and Restated Lima Arizona Investor Rights Agreement" or "Second Lima Arizona Investor Rights Agreement," indicating updates or modifications made over time.