A Lima Arizona Distribution Agreement is a legal contract that outlines the terms and conditions for the continuous offering of a Trust's transferable shares of beneficial interest in Lima, Arizona. This agreement allows individuals or entities to participate in the trust by purchasing and owning shares. Under the Lima Arizona Distribution Agreement, investors can acquire these transferable shares, which represent their ownership in the trust. The agreement specifies the rights and obligations of both the trust and the shareholders, ensuring that the distribution of shares is conducted in a fair and transparent manner. The agreement may include details about the minimum and maximum number of shares that can be purchased, the pricing and payment terms, and any restrictions on the transferability of shares. It may also provide information on how dividends or other distributions will be distributed among the shareholders. Additionally, the Lima Arizona Distribution Agreement may outline the procedures for redeeming or selling shares, as well as the circumstances under which the trust may choose to terminate the continuous offering. It may also address the consequences of a breach of the agreement by either party and provide dispute resolution mechanisms. Different types of Lima Arizona Distribution Agreement pertaining to the continuous offering of the Trust's transferable shares of beneficial interest may include: 1. Initial Offering Distribution Agreement: This agreement focuses on the initial distribution of shares when the trust is first established or when it undergoes major changes in its operations, structure, or investment strategy. 2. Subsequent Offering Distribution Agreement: This type of agreement is used when the trust decides to make additional shares available for purchase after the initial offering. It may include specific terms and conditions applicable only to subsequent offerings. 3. Amended Distribution Agreement: If there are modifications or updates to the original distribution agreement, an amended agreement may be created to incorporate these changes. This could be necessary to address new regulatory requirements or changes in the trust's policies. 4. Private Placement Distribution Agreement: In certain cases, the trust may offer a private placement of its transferable shares to a select number of investors. This agreement would be tailored to the terms and conditions specific to the private placement. In conclusion, a Lima Arizona Distribution Agreement is a crucial document for the continuous offering of a Trust's transferable shares of beneficial interest. It enables investors to participate in the trust, defines their rights and obligations, and ensures transparency and fairness throughout the distribution process.