Orange California Distribution Agreement is a legal document that outlines the terms and conditions under which the continuous offering of the Trust's transferable shares of beneficial interest takes place within the Orange County region of California. This agreement serves as a contract between the Trust and potential investors, ensuring compliance with applicable laws and regulations while facilitating the ongoing distribution of the Trust's shares. The primary purpose of this Distribution Agreement is to establish a framework that governs the sale, purchase, and transfer of the Trust's shares. It specifies the responsibilities and rights of both parties involved, creating a transparent and secure environment for investors. Key elements included in the Orange California Distribution Agreement are: 1. Issuance and Offering: This section describes how the Trust's shares will be issued and offered to potential investors. It outlines the process of subscription, the required documentation, and any limitations or eligibility criteria involved. 2. Registration and Reporting: The Distribution Agreement ensures compliance with all relevant federal and state securities laws. It requires the Trust to register with the appropriate regulatory authorities and provide regular reports and updates on the financial status and performance of the Trust. 3. Continuous Offering: The Agreement sets guidelines for the continuous offering of the Trust's shares, including the duration and renewal process. It may specify that the offering will continue until a certain date or until a specific number of shares are sold. 4. Marketing and Promotion: This section outlines the marketing and promotional activities allowed generating interest and attract potential investors. It may specify permissible advertising methods, disclosure requirements, and restrictions on exaggerated claims or false information. 5. Compensation and Fees: The Distribution Agreement addresses the compensation and fees associated with the offering process. It may include underwriting fees, sales commissions, management fees, or any other charges related to the services provided by the Trust and its agents. It is important to note that while there may be different versions of the Orange California Distribution Agreement, the actual content and terms would vary depending on the specifics of each agreement. These variations may include factors such as the duration of the offering, the size of the Trust, or additional provisions specific to the individual agreement. Overall, the Orange California Distribution Agreement ensures that the continuous offering of the Trust's transferable shares of beneficial interest occurs within a legally compliant and transparent framework, protecting the rights of investors and fostering a thriving investment environment in Orange County, California.